NewzIntel.com

Category: Economy

  • MIL-OSI Asia-Pac: TRANSPARENCY IN WORKING OF NMDC

    Source: Government of India (2)

    Posted On: 11 FEB 2025 12:57PM by PIB Delhi

    Department of Administrative Reforms and Public Grievances has informed that the Government of India has implemented various measures through technological intervention to ensure transparency in the day to day administration such as Aadhar Enabled Biometric Attendance System (AEBAS), Pension Sanction and Payment Tracking System (Bhavishya), Centralized Public Grievance Redress and Monitoring System (CPGRAMS), Public Financial Management System (PFMS), Government e- Market (GeM), Foreign Visit Management System (FVMS), Smart Performance Appraisal Report Recording Online Window (SPARROW), e- Leave Management System, Employee Human Resource Management System (e-HRMS), e-Office, etc.

    Ministry of Steel has informed that NMDC publishes the contact details of key officials, including official landline numbers and email IDs, on the official website of company to facilitate communication with stakeholders.  Mobile numbers of officials are not uploaded on company’s website to maintain data security, prevent misuse and comply with privacy regulations.

    Ministry of Steel has informed that NMDC has implemented several measures to ensure transparency, including:

    • Corporate Governance: NMDC adheres to the guidelines of SEBI (LODR) Regulations, 2015 and the Companies Act, 2013, ensuring disclosures related to financial performance, board decisions, and risk management.
    • Public Disclosures: Financial results, project updates, and key policy decisions are regularly published on NMDC’s website and are in public domain.
    • CSR Initiatives: NMDC’s CSR activities are implemented in line with the Companies Act, 2013, with details of expenditures, projects, and impact assessments made available through annual reports and public disclosures.
    • Regular Public Consultations & Stakeholder Meetings at project locations.
    • Social Media & Digital Outreach for enhanced communication with the public.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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    TPJ/NJ

    (Release ID: 2101631) Visitor Counter : 36

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s remarks at India Energy Week 2025

    Source: Government of India (2)

    Posted On: 11 FEB 2025 12:00PM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks at the India Energy Week 2025 via video message today. Addressing the gathering at Yashobhoomi, he emphasized that the attendees are not just part of the Energy Week, but are also integral to India’s energy ambitions. He extended a warm welcome to all participants, including distinguished guests from abroad, highlighting their crucial role in this event.

    Highlighting that experts worldwide are asserting that the 21st century belongs to India, Shri Modi remarked, “India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role”. He emphasized that India’s energy ambitions are built on five pillars: harnessing resources, encouraging innovation among brilliant minds, economic strength and political stability, strategic geography making energy trade attractive and easier, and commitment to global sustainability. The Prime Minister noted that these factors are creating new opportunities in India’s energy sector.

    Underlining that the next two decades are crucial for a Viksit Bharat, the Prime Minister highlighted that several significant milestones will be achieved in the next five years. He noted that many of India’s energy goals are aligned with the 2030 deadline, including the addition of 500 gigawatts of renewable energy capacity, achieving net zero carbon emissions for Indian Railways, and producing five million metric tons of green hydrogen annually. He acknowledged that these targets may seem ambitious, but the achievements of the past decade have instilled confidence that these goals will be attained.

    “India has grown from the tenth largest to the fifth largest economy in the past decade”, remarked Shri Modi. He highlighted that India’s solar energy generation capacity has increased thirty-two times in the last ten years, making it the third-largest solar power generating nation in the world. He noted that India’s non-fossil fuel energy capacity has tripled and that India is the first G20 country to achieve the goals of the Paris Agreement. The Prime Minister emphasized India’s achievements in ethanol blending, with a current rate of nineteen percent, leading to foreign exchange savings, substantial farmer revenue, and significant reductions in CO2 emissions. He highlighted India’s goal of achieving a twenty percent ethanol mandate by October 2025. He remarked that India’s biofuels industry is ready for rapid growth, with 500 million metric tonnes of sustainable feedstock. He further noted that during India’s G20 presidency, the Global Biofuels Alliance was established and is continuously expanding, now involving 28 nations and 12 international organizations. He highlighted that this alliance is transforming waste into wealth and setting up Centers of Excellence.

    Highlighting that India is continuously reforming to fully explore the potential of its hydrocarbon resources, Shri Modi highlighted that major discoveries and extensive expansion of gas infrastructure are contributing to the growth of the gas sector, increasing the share of natural gas in India’s energy mix. He noted that India is currently the fourth largest refining hub and is working to increase its capacity by 20 percent.

    Pointing out that India’s sedimentary basins hold numerous hydrocarbon resources, some of which have already been identified, while others await exploration, the Prime Minister highlighted that to make India’s upstream sector more attractive, the Government introduced the Open Acreage Licensing Policy (OALP). He emphasized that the Government has provided comprehensive support to the sector, including opening the Exclusive Economic Zone and establishing a single-window clearance system. Shri Modi noted that changes to the Oilfields Regulation & Development Act now offer stakeholders policy stability, extended leases, and improved financial terms. He emphasized that these reforms will facilitate the exploration of oil and gas resources in the maritime sector, increase production, and maintain strategic petroleum reserves.

    Prime Minister underlined that due to several discoveries and the expanding pipeline infrastructure in India, the supply of natural gas is increasing. He emphasized that this will lead to a rise in the utilization of natural gas in the near future. He also highlighted that there are numerous investment opportunities in these sectors.

    “India’s major focus is on Make in India and local supply chains”, exclaimed Shri Modi. He highlighted the significant potential for manufacturing various types of hardware, including PV modules, in India. The Prime Minister noted that India is supporting local manufacturing, with the solar PV module manufacturing capacity expanding from 2 gigawatts to approximately 70 gigawatts in the past ten years. He emphasized that the Production Linked Incentive (PLI) scheme has made the sector more attractive, promoting the manufacturing of high-efficiency solar PV modules.

    Highlighting the significant opportunities for innovation and manufacturing in the battery and storage capacity sector, the Prime Minister remarked that India is rapidly advancing towards electric mobility and emphasized the need for swift action to meet the demands of such a large country in this sector. Shri Modi noted that the current year’s budget includes numerous announcements supporting green energy. He highlighted that the Government has exempted several items related to the manufacturing of EV and mobile phone batteries from basic customs duty. This includes cobalt powder, lithium-ion battery waste, lead, zinc, and other critical minerals. He remarked that the National Critical Minerals Mission will play a crucial role in building a robust supply chain in India. He also highlighted the promotion of the non-lithium battery ecosystem. The Prime Minister emphasized that the current year’s budget has opened the nuclear energy sector, and every investment in energy is creating new jobs for the youth and generating opportunities for green jobs.

    “To strengthen India’s energy sector, the Government is empowering the public”, emphasised the Prime Minister. He highlighted that ordinary families and farmers have been made energy providers. He remarked that the PM Suryagarh Free Electricity Scheme was launched last year, and its scope is not limited to energy production. He noted that this scheme is creating new skills in the solar sector, developing a new service ecosystem, and increasing investment opportunities.

    Concluding his address, the Prime Minister reiterated India’s commitment to providing energy solutions that energize growth and enrich nature. He expressed confidence that this Energy Week would yield concrete outcomes in this direction. He encouraged everyone to explore every possibility emerging in India and extended his best wishes to all participants. 

     

     

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    MJPS/SR

    (Release ID: 2101619) Visitor Counter : 52

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Under the leadership of Modi Ji, the country is witnessing a ‘digital revolution’, to face the challenges of cyber security one needs to understand its size and scale

    AI will be used to identify and close the mule accounts before they are made operational

    To prevent cybercrime, Home Minister stresses on raising awareness on Modi Ji’s mantra of ‘Stop-Think-Taje Action’

    Modi government is moving forward with a four-pronged strategy to tackle cybercrimes: Convergence, Coordination, Communication, and Capacity

    Union Home Minister says that to prevent cybercrimes, there should be a greater focus on increasing awareness among the public and promoting the Cyber Helpline ‘1930’

    The three basic elements of cyberspace – software, services, and users are important in tackling cyber frauds

    The members gave suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the steps taken by the Govt.

    Posted On: 11 FEB 2025 11:41AM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah  chaired a meeting of the Parliamentary Consultative Committee for the Ministry of Home Affairs on the topic of ‘Cyber Security and Cyber Crime’ in New Delhi. The meeting was attended by Union Minister of State for Home Affairs Shri Nityanand Rai, Shri Bandi Sanjay Kumar, members of the Committee, the Union Home Secretary, and senior officials of the Ministry of Home Affairs. The committee discussed various issues related to ‘Cyber Security and Cyber Crime’ during the meeting.

    Addressing the meeting, Union Home Minister Shri Amit Shah said that in recent years, there has been an expansion of digital infrastructure in India, which has naturally led to an increase in the number of cyber attacks. He said that when we look at cyberspace from a different perspective, it forms a complex network of ‘software,’ ‘services,’ and ‘users.’ He emphasized that until we consider controlling cyber fraud through ‘software,’ ‘services,’ and ‘users,’ it will be impossible to resolve the issues of cyberspace. Shri Shah further mentioned that under the leadership of Prime Minister Shri Narendra Modi, the Ministry of Home Affairs has taken several significant steps towards making India a cyber-safe nation.

    Shri Amit Shah said that cybercrime has erased all geographical boundaries. He stated that it is a ‘borderless’ and ‘formless’ crime, as it has no limits or fixed form. He mentioned that India has witnessed a ‘digital revolution’ in the last decade. Without understanding the size and scale of the ‘digital revolution,’ we cannot face the challenges in the cyber domain.

    Union Home Minister said that today, 95 per cent villages in the country are digitally connected, and one lakh gram panchayats are equipped with Wi-Fi hotspots. In the past ten years, the number of internet users has increased by 4.5 times. He mentioned that in 2024, a total of 246 trillion transactions worth ₹17.221 lakh crore were made through UPI. In 2024, 48 per cent of the global digital transactions took place in India. He also said that in terms of the startup ecosystem, India has become the third-largest country in the world. In 2023, the contribution of the digital economy to the Gross Domestic Product (GDP) was around ₹32 lakh crore, which is 12 per cent, and nearly 15 million jobs were created.

    Shri Amit Shah said that today India has become the third-largest country in terms of digital landscape in the world. The digital economy contributes 20 per cent to the total economy of India. He also mentioned that the Ministry of Home Affairs’ goal is to ensure zero cybercrime cases and their FIRs.

    Union Home Minister said that to tackle cybercrime, we have adopted four types of strategies, which include Convergence, Coordination, Communication, and Capacity. All of these are being implemented with clear objectives and a strategic approach. He mentioned that inter-ministerial and inter-departmental coordination within the Ministry of Home Affairs has been strengthened, ensuring seamless communication and smooth flow of information.

    Shri Amit Shah said that a healthy tradition of exchange of information between the Ministry of Home Affairs, the Ministry of Electronics and IT, CERT-IN, I4C, and departments like Telecom and Banking has led to successfully tackling many cybercrime cases.

    Union Home Minister emphasized the importance of raising awareness among the public to prevent cybercrime and requested all the members of the committee to promote the I4C helpline number 1930. He stated that in light of cyber financial fraud, the ‘1930’ helpline provides a one-point solution offering various services, such as blocking cards.

    Shri Amit Shah said that efforts are underway to use Artificial Intelligence for identifying mule accounts, in coordination with the Reserve Bank and all banks, to establish a system for their detection. He mentioned that we will ensure the closure of mule accounts before they are even operational. Union Home Minister stated that the government has also ensured that people are made aware of Prime Minister Shri Narendra Modi’s mantra ‘STOP-THINK-TAKE ACTION’ in order to make them more vigilant against cybercrimes.

    Union Home Minister stated that a total of 1 lakh 43 thousands FIRs have been registered on the I4C portal, and over 19 crore people have used this portal. He mentioned that, for national security reasons, 805 apps and 3,266 website links have been blocked based on I4C’s recommendations. Additionally, 399 banks and financial intermediaries have come on board. Over 6 lakh suspicious data points have been shared, more than 19 lakh mule accounts have been caught, and suspicious transactions worth ₹2,038 crore have been prevented.

    Shri Amit Shah said that Cyber Crime Forensic Training Labs have been established in 33 states and union territories. On the ‘CyTrain’ platform, a “Massive Open Online Course (MOOC)” platform, 101,561 police officers have registered, and over 78,000 certificates have been issued.

    The committee members gave their suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the important steps taken by the government for enhancing cyber security.

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    RK/VV/ASH/PR/PS

    (Release ID: 2101613) Visitor Counter : 46

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: African telcos pivot to underserved regions amid Starlink competition, observes GlobalData

    Source: GlobalData

    African telcos pivot to underserved regions amid Starlink competition, observes GlobalData

    Posted in Technology

    As Starlink intensifies competitive pressures and African governments remain uncertain about intervening to protect telco incumbents, African telecom companies are increasingly focusing on underserved regions. In response, they are launching strategic initiatives to tackle the rising challenge of low Earth orbit (LEO) satellite connectivity to maintain their market position and tap into new growth opportunities, according to GlobalData, a leading data and analytics company.

    Recent tie-ups – including the Orange–Vodacom deal in Uganda for network deployment in rural areas; Safaricom partnering with local satellite operator ESD Kenya; ZainTech partnership with Arabsat covering North Africa; and Vodacom and MTN’s own desire to boost connectivity across their footprint via LEOs – point to this trend.

    Ismail Patel, Senior Analyst, Enterprise Technology and Services at GlobalData, says: “The rapid shift in focus by Africa’s telcos can largely be attributed to a confluence of factors, with Starlink being a key driver. These telcos are increasingly seeing unserved and underserved regions of the continent as opportunities rather than investment dead ends.”

    GlobalData analysis uncovered the existence of not only regulatory divergence in how to deal with Starlink, but also variation in Starlink’s attitudes to compliance with licensing or lack thereof in the wider MEA region. In Africa, some governments require it to be licensed, thus adopting a protectionist approach. Some are more hesitant to do so, ostensibly due to the potential of Starlink connectivity stimulating the economy in rural and underserved regions.

    Although its subscriber market share is small, Starlink is eating into the untapped revenue opportunities, with the potential of building up a loyal customer base. This represents a concern for the incumbents as Starlink builds up a base of higher-than-average revenue generating customers such as small office/home office (SOHOs) and small and medium-sized businesses (SMBs), on top of connecting underserved populations that include thousands of micro-businesses.

    With Starlink promising to launch in 14 new markets across Africa in 2025, pressures on the traditional telco incumbents will only become starker and sharper, leading to more collaboration among themselves as well as with alternative LEOs.

    Patel concludes: “Starlink has undeniably changed the competitive field for connectivity, resulting in telcos scrambling for a piece of the rural greenfield opportunity that was neglected for a considerable time. The global LEO is competitive on pricing and offer a quality connection that has not been the norm for many in Africa. But not all is lost for the continent’s telco groups, as they can typically offer the type of tech-based services to SMBs that a global LEO cannot, such as – inter alia – improved supply chain management, e-health, adverse weather mitigation, mobile payments, and natural resource management.”

    MIL OSI Economics –

  • MIL-OSI United Kingdom: NW Mutual chooses Preston for retail and business customer banking

    Source: City of Preston

    Preston has been chosen as one of the locations for NW Mutual branches, offering a mutual bank service for retail and business customers in the North West.

    NW Mutual Ltd, the co-operative society behind pioneering plans for a mutual bank serving retail and business customers in the North West of England has revealed Preston as one of its locations for approximately 60 proposed branches spanning the region.

    Dave Burke, a highly experienced financial services executive with an extensive background in launching, building and managing regulated businesses, has been appointed as the chief executive of NW Mutual Ltd. Dave Burke said:

    “Our market research, supported by a large body of public research and information, shows a proven need and demand for a bank that’s trustworthy, democratic, ethical, deeply rooted in the North West and that enough people and businesses in the region would use to make it a great success.

    “The North West is more than capable and large enough to create and sustain a prosperous bank. When we achieve our goals, our mutual bank will recycle more than £900m of money from the North West back into the region.

    “This is serious money and it’s already here but it’s not. We want to stop it leaking out and heading south, north or east.”

    Having already registered NW Mutual Ltd with the Financial Conduct Authority (FCA), regulator of financial services firms and markets in the UK, David is preparing a banking licence application to submit to the Bank of England in late 2025.

    If the licence is granted by the Bank of England, the first bricks and mortar branch is planned to open in the third quarter of 2026, with a full roll-out proposed for the first quarter of 2027. So far, about £1m has been invested to build the systems and financial model of NW Mutual, prepare the banking license application and analyse its market.

    Following a decision by Preston City Council Members at full council in January, Preston City Council has committed £250,000 to NW Mutual Ltd becoming the first North West authority to pledge money to supporting the bank’s plans to date.

    Councillor Matthew Brown, Leader of Preston City Council said:

    “For too long much of our mainstream banking system has failed to serve our communities and local businesses. Across the North West region more than half of our branches have disappeared in the last 10 years and small businesses especially struggle to secure the finance needed to expand.

    At Preston City Council we want to do something about that by directly investing in the NW Mutual as a viable cooperative and ethical alternative. We are delighted to hear plans for the first branch to open in Preston and market research shows the public would welcome this new model of banking owned by and run in the interest of local people.”

    The proposed ‘bricks, clicks and flicks’ business model of NW Mutual will deliver hi-tech and staffed branches, complemented by mobile and online banking, providing retail and small and medium-sized enterprise (SME) customers with a full range of financial products and services.

    Visit NW Mutual to learn more.

    MIL OSI United Kingdom –

  • MIL-OSI: ThreeD Capital Inc. Provides Update on TODAQ Investment

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to congratulate TODAQ Micro Inc. (“TODAQ Micro”) on the successful commercialization of its technology.

    ThreeD is an investor in TODAQ Micro. Additionally, ThreeD owns 478,739 preferred shares in TODAQ Holdings Inc. (“TODAQ Holdings”), the parent company of TODAQ Micro, as well as owning five TODA Note Royalty Certificates (“TDN Royalties”) with an aggregate maximum value of USD$279,613,283. Each TDN Royalty entitles the holder to receive royalty payments over time to the holder’s micropayment node, subject to certain terms and conditions. Each TDN has been fixed at $USD 1 per TDN by TODAQ Holdings.

    TODAQ Micro is now releasing its groundbreaking TAPPTM micropayments solution to address long-standing inefficiencies in the digital economy.

    The company’s first commercial deployment is in the entertainment industry, where TODAQ Micro is enabling a revolutionary “fair trade Netflix” experience with a new video platform called Truce Plus (‘Truce+’). Producers, studios and distributors that own Tier 1 movie, show, and documentaries face multiple headwinds trying to sell to the leading content platforms. These challenges include poor negotiating power, loss of relationship with the viewing customer, low upfront payments and poor revenue share terms, delayed payments, and limited transparency and recourse to name just a few. By embedding micropayments into Truce+ digital content transactions, TODAQ Micro enables these content owners to go directly to consumer (DTC) with a frictionless, real-time, pay as you go model that also enables users to instantly buy and rent content in a few seconds without needing to subscribe or login. The content producers are paid in real time and can also instantly micro distribute those revenues to cast, crew and other supply chain payees eliminating nearly all back office costs. The first commercial movie powered by TAPP will be available in February and is called the Flamingo Effect and is produced by Truce Studios in Denver, CO. The first half dozen content titles that include both American and Canadian Tier 1 producers of movies and TV shows will be available in Q1 with over 100 titles being put on the platform by the end of the year. The Truce+ platform can also provide instant referral bonuses and awards to studios and viewers that bring in additional followers. Fortune Business Insights values the global video streaming market size at USD 674 billion in 2024 with growth to USD 2,661 billion by 2032, exhibiting a CAGR of 18.7% during the forecast period, driven by Increasing Demand for Video on Demand (VoD) streaming services.

    “There are almost too many places TAPP can be applied. Given the massive size and growth rate of the streaming industry it was a natural first place to focus. In addition, the market pain felt by the subscription fatigued consumer and the content producers who feel that they are not getting a fair deal means we have a unique ability to make the market much better and larger for both parties. TAPP represents the only deeptech powered platform capable of enabling full microtransaction VoD (or MVoD) as a new streaming market category,” said Hassan Khan, CEO of TODAQ Micro.

    TODAQ Micro has garnered significant recognition, recently being named a Top 8 FinTech Startup by the Government of Canada and sent to Silicon Valley as part of the Canadian Technology Accelerator Program with the Canadian Consulate in San Francisco. The company boasts strong strategic partnerships and finalized a partnership with Oracle in the summer of 2024 to ensure it has massive capacity to scale, and to provide the streaming industry with micropayable data labelling for video content and AI conversational agents that can close movie sales, take payments, and initiate micro-distributions. TODAQ Micro has deployed its technology on Oracle Cloud Infrastructure (OCI) and successfully demonstrated multi-cloud transactions between OCI and Amazon AWS without reliance on traditional payment processors or blockchain networks. This innovation enables businesses to monetize micro-services without locking customers into subscriptions, providing a cost-efficient, pay-as-you-go alternative.

    Traditionally, enabling secure, private online web payments with a 5 second checkout for a consumer have not been possible and micro-payments of less than a dollar are impractical due to high processing costs. TODAQ’s technology eliminates intermediaries, enabling seamless transactions for businesses and consumers alike. Rather than using a blockchain, TODAQ solved the problem by returning to the original architecture of the World Wide Web and added a new Web Application Protocol called ADOT to coexist alongside HTTPS, SMTP and other older protocols built to handle websites, emails and other data. TODAQ also added another cryptographic technology called TODA to ensure portable integrity for these new web asset transactions. Together TODA and ADOT enable any software system to create, update, verify and transfer unique digital assets without requiring payment and authentication rails, or blockchains. This project took over six years, and involved collaboration with Cambridge University researchers at the Cambridge Centre for Redecentralization (CRDC) and support from the UK Research and Innovation Ministry alongside private investment. TAPP is the first ADOT Web native commercial application created.

    Sheldon Inwentash, Chairman and Chief Executive Officer of ThreeD, commented: “TODAQ Micro has made tremendous advancements, achieving major milestones with the commercialization of its technology and attracting tier one strategic partners. It has emerged as a leader in providing micropayment solutions without the high costs traditionally associated with such transactions. We are very pleased to have been an early-stage investor in TODAQ and look forward to seeing the company continue to scale and disrupt the industry.”

    More information about TODAQ Micro can be found through the ThreeD YouTube channel where Hassan Khan, CEO of TODAQ Micro, is interviewed.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:

    Jakson Inwentash
    Vice President Investments
    jinwentash@threedcap.com
    Phone: 416-941-8900 ext 107

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    Forward-Looking Statements

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Often, but not always, these forward looking statements can be identified by the use of words such as “believe”, “believes”, “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

    Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes the expectations reflected in these forward-looking statements are reasonable, there can be no assurance they will prove accurate. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: Diversified Energy’s Unique Strategy Produces Reliable Cash Flow and Strong Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Seventh Year in a Row of Approximately 50% or Better Cash Margins

    Cash Flow Growth Initiatives Contributed Over $50 million in Cash Flow

    Company Returned Over $105 million to Shareholders in 2024

    BIRMINGHAM, Ala., Feb. 11, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) (“Diversified” or the “Company”) is pleased to announce the following operations and trading update for the year ended December 31, 2024.

    Delivering Reliable Results

    • Full-year 2024 average production of 791 MMcfepd (132 Mboepd)
      • 4Q24 average production of 843 MMcfepd (141 Mboepd)
      • December 2024 exit rate of 864 MMcfepd (144 Mboepd)
    • 2024 Adjusted EBITDA(a) of $470-$475 million; Adjusted Free Cash Flow(b) of $210-$215 million
    • 2024 Adjusted EBITDA Margin(a) of 50%and TTM Adjusted Free Cash Flow Yield(b) of 33%
      • 2024 Total Revenue, Inclusive of Settled Hedges per Unit(c) of $3.21/Mcfe ($19.28/Boe)
      • 2024 Adjusted Operating Cost per Unit(d) of $1.70/Mcfe ($10.22/Boe)

    Cash Flow Growth Initiatives

    • Announced fixed-price contract for gas delivery to a major Gulf Coast LNG export facility
    • Generated ~$42 million year-to-date in cash flow through divestiture of undeveloped leasehold
    • Recorded $8 million in impact to Adjusted EBITDA from Coal Mine Methane (“CMM”) Revenues

    Executing Strategic Objectives and Milestones

    • Retired over $200 million in debt principal through amortizing debt payments
    • Returned $105 million to shareholders, including $21 million in share buybacks(e)
    • Completed $585 million (gross) in strategic and bolt-on acquisition during 2024
    • Announced accretive bolt-on acquisition of southern Appalachia assets from Summit Natural Resources
    • Announced transformative $1.3 billion acquisition of Maverick Natural Resources
    • Marked one full year of trading on the New York Stock Exchange and as is customary, the Company expects to file a shelf registration with the US Securities and Exchange Commission

    Next LVL Milestones

    • The Company retired 202 operated wells in 2024, marking its third consecutive year to exceed its stated goal of retiring 200 wells per year
    • Next LVL Energy completed a total 287 well retirements, including Diversified’s wells and 85 wells associated with state-owned orphan wells and third-party operators

    Rusty Hutson, Jr., CEO of Diversified, commented:

    “Our team executed extremely well and continued to deliver solid results in 2024 that enabled us to advance our balanced capital allocation framework. Our strong results highlight our unique business model that strives to deliver consistent cash flow during the full range and volatility of commodity cycles. Aligned with our priorities, we generated significant cash flows, returned capital to investors, and paid down more than $200 million in debt principal, all while executing and integrating over $585 million in accretive acquisitions. Once again, our ability to deliver durable production and consistent cash flow throughout the year was a result of our team’s relentless execution of our strategies. We are committed to lowering costs and improving operational efficiencies across the organization, along with providing innovative solutions to extract hidden value from our asset base. The results we have achieved in 2024 strike at the heart of our business model and strategy.

    We believe that 2025 has the potential to be a transformative year for the Company as we work to execute our strategic initiative to become the premier public company focused on managing mature producing assets. The Company’s previously announced accretive acquisitions of Summit Natural Resources and Maverick Natural Resources are proceeding as planned, and we have received encouraging comments from both shareholders and the public debt and equity markets. During the past year, we have seen our strategy and our previous investment decisions yield increased performance in all aspects of our business model. We are optimistic about our future and confident that our current efforts will continue to position us well to have a significant positive impact on shareholder value.”

    Operations and Finance Update

    Production

    Diversified exited the year with December 2024 average production of 864 MMcfepd (144 Mboepd), up 11% versus the December 2023 exit rate of 775 MMcfepd (129 Mboepd), reflecting the cumulative effect of the Company’s 2024 acquisitions and industry-leading PDP declines of ~10% per year(f).

    Diversified ended the year with 4Q24 average production of 843 MMcfepd (141 Mboepd) and full-year 2024 average production of 791 MMcfepd (132 Mboepd).

    The Company’s production continues to be positively impacted by Diversified’s Smarter Asset Management (“SAM”) approach focused on the improvement and optimization of production profiles, development of efficiency gains and extension of well life, and the Company is well-positioned to again-deliver on a solid operational foundation for robust cash flows in 2025 with the additional impact of the recently announced acquisitions of Maverick Natural Resources and Summit Natural Resources.

    Margin, Realized Price and Total Cash Expenses per Unit

    Diversified’s resilient cash flow strategy is exemplified by the Company’s 2024 Adjusted EBITDA Margin of 50%, marking the Company’s seventh consecutive annual period of ~50% margins or higher.

    The Company’s commitment to responsibly hedge production and initiatives to expand revenue generation is reflected in 2024 Total Revenue, Inclusive of Settled Hedges per unit of $3.21/Mcfe ($19.28/Boe), with Financial Derivatives Settled in Cash delivering $151 million in cash flows, and Midstream & Other Revenue delivering $63 million in supplemental income during the year.

    Prudent expense management resulted in the stable Adjusted Operating Cost per Unit for 2024 of just $1.70/Mcfe ($10.22/Boe) representing a minimal 1% change when compared to the prior year.

          2024       2023      
        $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
                         
    Total Commodity Revenue,Including the Impact of derivatives settled in cash   $ 3.05   $ 18.30     $ 3.27   $ 19.62     (7 )%
    Other Revenue1     0.16     0.98       0.13     0.75     31 %
    Average Realized Price1   $ 3.21   $ 19.28     $ 3.40   $ 20.37     (5 )%
                         
    Adjusted Operating Cost per Unit(d)     2024       2023      
        $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
                         
    Lease Operating Expense2   $ 0.73   $ 4.40     $ 0.64   $ 3.83     15 %
    Midstream Expense     0.24     1.44       0.23     1.38     4 %
    Gathering and Transportation     0.31     1.86       0.32     1.92     (3 )%
    Production Taxes     0.12     0.72       0.21     1.26     (43 )%
    Total Operating Expense2   $ 1.40   $ 8.42     $ 1.40   $ 8.39     — %
    Employees, Administrative Costs and Professional Fees(g)     0.30     1.80       0.29     1.74     3 %
    Adjusted Operating Cost per Unit2   $ 1.70   $ 10.22     $ 1.69   $ 10.13     1 %
                         
    Adjusted EBITDA Margin(a)     50%       53%      
                         
    12024 excludes $0.06/Mcfe ($0.34/Boe) and 2023 excludes $0.09/Mcfe ($0.57/Boe) of other revenues generated by Next LVL Energy
    Values may not sum due to rounding; 2024 excludes $0.09/Mcfe ($0.54/Boe) & 2023 excludes$0.08/Mcfe ($0.48/Boe) of proceeds from land sales
    22024 excludes $(0.07)/Mcfe ($(0.40)/Boe) and 2023 excludes $(0.07)/Mcfe ($(0.43)/Boe) of expenses attributable to Next LVL Energy
    Values may not sum due to rounding
     

    Results of Hedging and Current Financial Derivatives Portfolio

    Diversified’s consistent application of the Company’s differentiated hedging strategy resulted in a 2024 weighted average natural gas hedge floor of $3.26/MMbtu and realized price of $2.49/MMBtu, providing insulation from historically low commodity prices and representing respective premiums of 44% and 10% to the 2024 NYMEX average Henry Hub settlement price of $2.27/MMbtu(h). The Company enters 2025 with ~80% of consolidated production hedged, and stands to benefit from the recent improvement in the forward strip. The table below reflects Diversified’s full-year hedge positions through calendar year 2027 as of December 31, 2024:

      GAS (Mcf)   NGL (Bbl)   OIL (Bbl)
      Wtd. Avg.
    Hedge
    Price(i)(j)    		   ~ % of
    Production
    Hedged(k)    		   Wtd. Avg.
    Hedge
    Price(i)    		   ~ % of
    Production
    Hedged(k)    		   Wtd. Avg.
    Hedge
    Price(i)    		   ~ % of
    Production
    Hedged(k)
                           
    FY25 $3.32   85%     $33.98   60%     $64.25   90%  
    FY26 $3.25   75%     $32.38   55%     $62.44   55%  
    FY27 $3.27   70%     $32.29   45%     $62.67   50%  
                                 

    Environmental Update

    Asset Retirement Progress and Next LVL Energy Update

    During the year, the Company exceeded its Appalachian well retirement commitments and stated plugging goals by retiring 202 Diversified-operated wells. Total well retirements by Next LVL Energy in Appalachia amounted to 287 wells, including 51 retirements associated with state orphan well programs.

    Next LVL Energy continues to be a strategic and value-additive component of Diversified’s vertically integrated operations focused on the full life cycle of operated wells and to provide third-party revenue to offset the cash costs associated with the retirement of operated wells.

    Acquisition Update

    2024 Acquisitions Update

    The Company’s previously announced acquisition of Oaktree Working Interests, Crescent Pass Energy assets and East Texas assets were successfully closed in the course of the year, representing $585 million (gross) in strategic, accretive acquisitions in 2024. These assets have been fully integrated into Diversified’s systems and processes, and are already benefiting from the Company focus on safe, efficient operations through the application of Smarter Asset Management.

    Summit Natural Resources

    Diversified’s previously announced acquisition of Appalachia and Alabama assets from Summit Natural Resources is proceeding as planned and the Company expects to close the transaction in the first quarter of 2025.

    Maverick Natural Resources

    As previously announced on January 27, 2025, Diversified has entered into a definitive agreement to acquire Maverick Natural Resources for total consideration of approximately $1,275 million. The acquisition of Maverick by Diversified (the “Acquisition”) adds immediate scale, increases liquids production, and creates a combined company with long-term free cash flow generation, superior unit cash margins, and a compelling sustainability profile.

    The Acquisition is expected to close during the first half of 2025, subject to customary closing conditions, including, among others, regulatory clearance and approval by Diversified shareholders for the issue and allotment of the Ordinary Shares pursuant to the merger agreement.

    2024 Annual Results and Conference Call Details

    Diversified will release its 2024 full-year results on Monday, March 17, 2025 and will host a conference call that day at 12:30 PM GMT (8:30 AM EDT) to discuss the Annual Results.

    Footnotes:

    (a) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; As presented, Adjusted EBITDA includes the impact of the accounting basis for land sales; Adjusted EBITDA Margin represents Adjusted EBITDA (excluding the adjustment for the accounting basis on land sales) as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $16 million in 2024 and $28 million in 2023, and Lease Operating Expense of $19 million in 2024 and $21 million in 2023 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (b) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; As used herein, Adjusted Free Cash Flow represents Free Cash Flow, plus cash proceeds from undeveloped acreage sales; Adjusted Free Cash Flow Yield is calculated using 2024 Free Cash Flow per share, divided by the 2024 average share price of $13.47; Free Cash Flow per Share calculated as Adjusted Free Cash Flow divided by average shares outstanding of 48,031,916 during the period.
    (c) Includes the impact of derivatives settled in cash; Excludes the impact of land sales during the period; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (d) Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (e) Share repurchases include activity by Diversified’s Employee Benefit Trust.
    (f) Calculated as the rate of decline in average daily production from December 2023 to December 2024, adjusted to exclude the impact of acquisitions and divestitures.
    (g) As used herein, employees, administrative costs and professional services represents total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business.
    (h) Calculated as the average monthly settlement price for NYMEX Henry Hub futures contracts.
    (i) Weighted average price reflects the weighted average of the swap price and floor price for collar contracts as applicable.
    (j) MMBtu prices have been converted to Mcf using a richness factor of 1Mcf=1.036 MMBtu, calculated as the weighted average Btu richness factor for the twelve months ended December 31, 2024.
    (k) Illustrative percent hedged, calculated using December 2024 average production and assuming a consolidated annual corporate decline rate of 10%; Calculation assumes constant product mix over the illustrative decline period.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023 filed with the United States Securities and Exchange Commission and available on the Company’s website.

    For further information, please contact:

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique and differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Forward-Looking Statements

    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and business of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”,”should”,”intend”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as the expected timing and likelihood of completion of the Acquisition and the risk that problems may arrise in successfully integrating Maverick or that the combined company may not achieve synergies as expected,as well as factors such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate its other acquisitions, changes in the political, social and regulatory framework in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023, filed with the United States Securities and Exchange Commission ( the “SEC”) and the risk factors descibed in Exhibit 99.2 to the Company’s Form 6-k furnished with the SEC on January 27, 2025.

    Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    Unaudited Financial Information

    Certain financial and operating results included in this announcement are based on unaudited estimated results. These estimated results are subject to change upon completion of the Company’s audited financial statements for the year ended December 31, 2024, and changes could be material. The Company anticipates publishing its audited financial results for the year ended December 31, 2024 on Tuesday, March 17, 2025.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems. We have not presented reconciliations of the non-IFRS measures included in this announcement because the comparable IFRS measures will not be accessible until the Company’s audited financial results for the year ended December 31, 2024 are complete. The Company will include the comparable IFRS measures and reconciliations of the non-IFRS measures in its release of full-year results, which we expect to publish on Tuesday, March 17, 2025.

    The MIL Network –

  • MIL-OSI: Bread Financial Provides Performance Update for January 2025

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, Feb. 11, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated:

      For the
    month ended
    January 31,
    2025    		   For the
    month ended
    January 31,
    2024
      (dollars in millions)
    End-of-period credit card and other loans $ 18,366     $ 18,785  
    Average credit card and other loans $ 18,530     $ 18,915  
    Year-over-year change in average credit card and other loans   (2 %)     (9 %)
    Net principal losses $ 123     $ 128  
    Net loss rate   7.8 %     8.0 %
      As of
    January 31,
    2025    		   As of
    January 31,
    2024
      (dollars in millions)
    30 days + delinquencies – principal $ 1,032     $ 1,170  
    Period ended credit card and other loans – principal $ 16,874     $ 17,311  
    Delinquency rate   6.1 %     6.8 %

    About Bread Financial® 
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, future dividend declarations, and future economic conditions.

    We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including market conditions, inflation, interest rates, labor market conditions, recessionary pressures or concerns over a prolonged economic slowdown, and the related impact on consumer spending behavior, payments, debt levels, savings rates and other behaviors; global political and public health events and conditions, including ongoing wars and military conflicts and natural disasters; future credit performance, including the level of future delinquency and write-off rates; the loss of, or reduction in demand from, significant brand partners or customers in the highly competitive markets in which we compete; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including the amount of our Allowance for credit losses and our credit risk management models; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives; our level of indebtedness and ability to access financial or capital markets; pending and future federal and state legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions with respect to late fees, interchange fees or other charges; impacts arising from or relating to the transition of our credit card processing services to third party service providers that we completed in 2022; failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise; and any tax or other liability or adverse impacts arising out of or related to the spinoff of our former LoyaltyOne segment or the bankruptcy filings of Loyalty Ventures Inc. (LVI) and certain of its subsidiaries and subsequent litigation or other disputes. In addition, the Consumer Financial Protection Bureau (CFPB) has issued a final rule that, absent a successful legal challenge, will place significant limits on credit card late fees, which would have a significant impact on our business and results of operations for at least the short term and, depending on the effectiveness of the mitigating actions that we have taken or may in the future take in anticipation of, or in response to, the final rule, may potentially adversely impact us over the long term; we cannot provide any assurance as to the effective date of the rule, the result of any pending or future challenges or other litigation relating to the rule, or our ability to mitigate or offset the impact of the rule on our business and results of operations. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

    Contacts 
    Brian Vereb — Investor Relations 
    Brian.Vereb@breadfinancial.com 

    Susan Haugen — Investor Relations 
    Susan.Haugen@breadfinancial.com 

    Rachel Stultz — Media 
    Rachel.Stultz@breadfinancial.com 

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Tantalus Systems Holding Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Tantalus Systems Holding Inc. (TSX: GRID; OTCQX: TNTLF), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, has qualified to trade on the OTCQX® Best Market. Tantalus Systems Holding Inc. upgraded to OTCQX from the Pink® market.

    Tantalus Systems Holding Inc. begins trading today on OTCQX under the symbol “TNTLF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “Accessing the OTCQX Market highlights Tantalus’ dedication to transparency and operational excellence while also strengthening our access to U.S. investors,” said Peter Londa, President & CEO of Tantalus. “Given that the vast majority of our utility customers and revenue is generated from the United States, we believe cross-trading between the TSX and OTCQX will enhance liquidity and reinforces our commitment to delivering long-term value for our shareholders.”

    About Tantalus Systems Holding Inc.
    Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. We offer a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. Learn more at http://www.tantalus.com/.

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

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

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

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

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

  • MIL-OSI: CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Q4-2024, Year-End

    Source: GlobeNewswire (MIL-OSI)

    Katy, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors unaudited financial results for the fourth quarter ended December 31, 2024, Year-End 2024.

    Key Financial Highlights for Three Months Ended December 31, 2024, Compared to Prior Year Period:

    • 2024 Revenues of $1.73 Million vs 2023 Revenues of $1.98 Million
    • 2024 EBITDA of $96,220 vs 2023 EBITDA of $51,567
    • 2024 Net Income of $48,633 vs 2023 Net Income (loss) of ($9,749)

    Key Financial Highlights for Twelve Months Ended December 31, 2024, Compared to Prior Year Period:

    • 2024 Revenues of $8.00 Million vs 2023 Revenues of $9.31 Million
    • 2024 EBITDA of $180,850 vs 2023 EBITDA of $732,733
    • 2024 Net Income (loss) of ($44,322) vs 2023 Net Income of $449,293

    Management Commentary:

    Chief Executive Officer Christopher Williams commented, “The Company continues to produce substantial annual revenues between $8MM-$10MM, making it a top-tier company in the OTC Markets space. Despite posting ~$8MM in revenue for 2024, the Company only slightly missed its 2024 volume sales target compared to 2023. The result in the ~$1.0MM revenue drop is due to the lower average cost of renewable and petroleum-based fuels in 2024 compared to the increased average cost of renewable and petroleum-based fuels in 2023. The Company regained OTCQB status in May 2024 and continues to seek an uplisting to Nasdaq or NYSE with a $5MM-$15MM capital raise to execute its growth plan.

    The Company’s 2024 Financial Audit has started and will report its SEC Form 1-K (2024 Annual Report) by 4/30/2025.

    Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

    CWPE Overview
    CWPE Security Detail
    CWPE Financials
    CWPE News
    CWPE Disclosures

    SEC Filings

    For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com , or call 281-817-8099

    About CW Petroleum Corp

    CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

    Forward-Looking Statements

    Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

    No Offer or Solicitation

    This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    The MIL Network –

  • MIL-OSI: Thriving and Flourishing Throughout 2024, Plum Sets Sights on Continued Growth in 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) — Reflecting on the company’s 18 percent growth over the past year, revolutionary talent assessment provider Plum expects to see the trend accelerate in the coming months. Citing the versatility of its offerings across the employee journey, including talent acquisition, internal mobility and leadership development, Plum secured several new clients, expanded existing relationships and forged significant partnerships throughout 2024.

    Plum CEO Caitlin MacGregor commented, “For Plum, 2024 was marked by the launch of PlumFlourish and PlumThrive, which were driven by the need to address very specific workforce challenges around career development and talent insights. Because of this, Plum is able to ensure that employees and employers can navigate today’s dynamic business environment, and enterprise organizations are looking to us for that guidance.”

    With the availability of PlumFlourish and PlumThrive alongside the company’s other enterprise solutions, Plum began working with Advocate Aurora Health, Scotia Caribbean and Temenos while expanding relationships with a Canadian multinational investment bank and financial services company, Arup, Bloomberg, CMP, Foundever and Hyundai Canada. Through Plum’s continued support for its customer base, the company helped to reimagine hiring processes, improve productivity, fill positions with internal talent, promote team development, maximize team efficiency and allow human potential to drive decision-making.

    On the partnership front, Plum added FairNow, Fountain, HackerRank, North Star Talent and Paylocity to its marketplace and finalized integration experiences with iCIMS and Paylocity. Plum also expanded its partnership with SAP SuccessFactors.

    MacGregor concluded, “By focusing on product and nurturing our relationships, Plum has built a strong foundation and maintained momentum, even through the headwinds observed last year. That’s what sets Plum apart and what makes Plum poised for success in 2025.”

    About Plum

    Revolutionary workforce solutions provider Plum knows that when people flourish, business thrives. Using objective data backed by scientific insights to measure and match human potential to job needs, Plum provides personalized career insights, improves quality of hire and helps create high-performing teams.

    With unmatched scalability, the award-winning Plum platform enhances talent decisions across the employee lifecycle, making it possible to understand skills, quantify job fit and analyze organizational culture. Visit www.plum.io to learn more.

    The MIL Network –

  • MIL-OSI: Anterix Announces Industry Engagement Initiative to Accelerate Private Wireless Broadband Opportunity and Engages Morgan Stanley to Initiate Strategic Review Process

    Source: GlobeNewswire (MIL-OSI)

    WOODLAND PARK, N.J., Feb. 11, 2025 (GLOBE NEWSWIRE) — Anterix (NASDAQ: ATEX) announced today that after receiving inbound interest in the Company, it has engaged Morgan Stanley & Co. LLC (“Morgan Stanley”) as its financial advisor to support a formal strategic review process for the Company to capitalize on the growing demand and urgency for private wireless broadband solutions for the utility industry.

    Additionally, as the recognized market leader in the private wireless broadband space for utilities, Anterix has launched a new industry engagement initiative to address and shorten the time to realization of value for Anterix and its customers to allow them to more quickly deploy 900 MHz private wireless broadband networks. This initiative, which will include a significant review of pricing, payment and ownership terms as well as the potential for collaboration with strategic partners on additional products and services with Anterix’s 120+ member ecosystem, is already receiving significant interest from utilities.

    “Anterix has more experience regarding how to enable private networks for utilities than anyone. With this new initiative, we are going to aggressively evolve our product offering to build on that success. With our seven customers across fifteen states, our 120+ member ecosystem, and our fantastic team, we are poised to continue to capture the growing utility wireless broadband marketplace,” said Scott Lang, President & CEO of Anterix.

    Mr. Lang continued, “As the leading provider of private wireless broadband, zero debt, and a strong customer pipeline, it does not surprise us that we have had some inbound strategic interest to participate with us in our efforts. Accordingly, we have turned to the leaders in this field, Morgan Stanley. With them, we will review strategic opportunities to capitalize on the value that lies in front of us, with a focus on what is in the best interest of our shareholders, customers and employees. I am excited to work with Morgan Stanley on this strategic review and equally excited to see the extensive utility interest in the evolution of our product offering.”

    As a reminder, Anterix previously announced that it will be hosting its third quarter fiscal 2025 earnings call tomorrow, Wednesday February 12, 2025, at 9:00 A.M. ET. More information can be found on the Investor Relations section of Anterix’s website at https://investors.anterix.com/events-presentations.

    There is no deadline or definitive timetable for completion of the strategic review, and there can be no assurance regarding the results or the outcome of this review. Anterix does not intend to make any further announcements regarding the strategic review except in accordance with its ongoing disclosure obligations and pursuant to applicable laws and regulations.

    Shareholder Contact 

    Natasha Vecchiarelli
    Vice President, Investor Relations & Corporate Communications
    Anterix
    973-531-4397
    nvecchiarelli@anterix.com 

    About Anterix

    At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

    Forward-Looking Statements

    Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix’s industry engagement initiatives or strategic review or business or financial results or outlook. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix’s actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix’s ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix’s ability to qualify for and timely secure broadband licenses; (iv) Anterix’s ability to execute on its industry engagement initiatives; (v) the timing and outcome of Anterix’s strategic review process; (vi) whether Anterix will be able to identify, develop or execute on any actions as a result of its strategic review process and (vii) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix’s filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect the Company’s financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.

    The MIL Network –

  • MIL-OSI: Beamr to Present at the A.G.P.’s Virtual Technology Conference

    Source: GlobeNewswire (MIL-OSI)

    Herzliya Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced that it will present virtually at the Alliance Global Partners (A.G.P) Technology Conference. The conference, offering investors one-on-one meetings with Beamr executives, will be held virtually Tomorrow, February 12, 2025. For more information, please visit AGP website.

    Beamr is a world leader in high-performance video processing, trusted by top media companies like Netflix and Paramount. With patented, award-winning technology, Beamr reduces video file sizes and live streams by up to 50%, while securing quality. Available on Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI), Beamr Cloud delivers GPU-accelerated video processing to large video users, which includes efficient upgrades to advanced video formats, and scalable video enhancements with AI-powered capabilities.

    For more details, please visit Beamr’s Investors website: https://www.investors.beamr.com/

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.
                                                   
    Investor Contact:

    investorrelations@beamr.com

    The MIL Network –

  • MIL-OSI: GigaCloud Technology Inc Strengthens Its B2B Marketplace with Leading Furniture Suppliers

    Source: GlobeNewswire (MIL-OSI)

    EL MONTE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced a strong lineup of new suppliers joining its GigaCloud Marketplace, further solidifying its position as a trusted global B2B wholesale platform.

    New suppliers to the GigaCloud Marketplace include Purple Innovation Inc. (Nasdaq: PRPL), Homestyles, a brand of Flexsteel Industries Inc. (Nasdaq: FLXS), Corsicana Mattress Company, Restonic, Walker Edison, GhostBed, Simpli Home and others. These newly added suppliers have joined the GigaCloud Marketplace as new 3P sellers, encompassing a broad range of home furnishings, including living room furniture, bedroom bedding and furniture, dining room sets, and home office solutions. Many are known for their thoughtful design, quality craftsmanship, and versatility, appealing to a range of styles from contemporary to traditional.

    “This latest wave of new suppliers highlights the value and trust our platform brings to the evolving B2B market, demonstrating GigaCloud’s commitment to accelerating growth and product diversity,” said Larry Wu, Founder, Chairman, and Chief Executive Officer of GigaCloud. “By welcoming these esteemed suppliers, we continue to enhance our market leadership in large-parcel B2B ecommerce—empowering suppliers with expanded market reach, providing resellers with a broader selection of trusted products, and facilitating seamless global wholesale trade for businesses of all sizes.”

    “Partnering with GigaCloud has opened up exciting new avenues for Purple to extend our market presence,” said Mason Stephens, Vice President, Head of Wholesale at Purple Innovation Inc. “GigaCloud’s robust marketplace provides an efficient way to connect with a broader reseller base, enabling us to further drive our growth and bring Purple’s innovative comfort solutions to more businesses and their customers. We look forward to a promising future of growth and collaboration with GigaCloud.”

    “We are excited to partner with GigaCloud to bring our Homestyles brand to an innovative digital marketplace,” said Andrew Surdyka, VP of Strategic Accounts at Flexsteel Industries Inc. “This collaboration represents an exciting opportunity for us to enhance our digital presence and reach new customers while maintaining the high standards of quality and service that Flexsteel Industries is known for.”

    About GigaCloud Technology Inc 

    GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: https://www.gigacloudtech.com.

    Forward-Looking Statements  

    This press release contains “forward-looking statements.” Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. 

    For investor and media inquiries, please contact: 

    GigaCloud Technology Inc 
    Investor Relations 
    ir@gigacloudtech.com 

    PondelWilkinson, Inc. 
    Laurie Berman (Investors) – lberman@pondel.com 
    George Medici (Media) – gmedici@pondel.com 

    The MIL Network –

  • MIL-OSI China: Foreign Minister Lin confers Friendship Medal of Diplomacy on British Office Taipei Representative Dennis

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    No. 029 
    January 27, 2025

    Minister of Foreign Affairs Lin Chia-lung on January 24 conferred the Friendship Medal of Diplomacy on outgoing British Office Taipei Representative John Dennis in recognition of his efforts over the past five years to promote bilateral exchange and cooperation in all areas.

    Minister Lin thanked Representative Dennis for raising British attention on the Taiwan Strait and Indo-Pacific during his tenure. Minister Lin expressed pleasure that the G7 had begun stressing the importance of cross-strait peace and stability as an indispensable element to global security and prosperity since United Kingdom’s G7 presidency in 2021. He also noted that Parliamentary Under-Secretary of State for the Indo-Pacific at the Foreign, Commonwealth and Development Office Catherine West in November 2024 for the first time publicly expressed the UK government’s opposition to China’s misrepresentation of UN General Assembly Resolution 2758. 

    Furthermore, Minister Lin stated that Representative Dennis had initiated regular bilateral dialogue mechanisms on a wide range of issues and had facilitated the signing of bilateral memorandums of understanding on the exchange of driving licenses and organics equivalence, as well as the Enhanced Trade Partnership (ETP) arrangement, thereby further deepening people-to-people, agricultural, economic, and trade exchanges between the two countries. Minister Lin added that during Representative Dennis’s tenure the United Kingdom had actively participated in and co-hosted activities under the Global Cooperation and Training Framework, helping to consolidate partnerships based on democratic values.  

    Representative Dennis said that considerable progress had been made in Taiwan-UK ties in recent years and that bilateral trade had continued to grow. He stated that he had been honored to witness the flourishing collaboration between the two countries, as well as Taiwan’s achievements in combating the COVID-19 pandemic, advancing supply chain resilience, and responding to climate change. He also expressed hope that Taiwan and the United Kingdom would soon conclude negotiations and sign subagreements on key pillars of the ETP, including investment, digital trade, and energy and net-zero emissions.

    Meanwhile, Representative Dennis said that the United Kingdom would do its utmost to support Taiwan’s international participation so that the two countries could jointly contribute to global initiatives on health, ICT resilience, and sustainable development. He concluded his remarks by stressing that peace and stability across the Taiwan Strait were vital to global prosperity and that the United Kingdom and the other G7 members would continue to pay close attention to Taiwan Strait developments. 

    Since taking office in December 2020, Representative Dennis has actively sharpened the United Kingdom’s focus on Taiwan Strait and Indo-Pacific affairs. He has also promoted bilateral exchange and collaboration in such areas as the economy, trade, investment, science and technology, and talent cultivation. His outstanding contributions have further enhanced the mutually beneficial and substantive partnership between Taiwan and the United Kingdom. (E) 

    MIL OSI China News –

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

    Source: IMF – News in Russian

    February 11, 2025

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

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Andorra La Vella – February 11, 2025

    The Andorran economy is doing well. This provides a window of opportunity to address substantial long-term challenges. The authorities have consolidated the country’s macro-financial framework and reinforced buffers. However, Andorra’s real GDP per capita—while high in absolute terms—has remained flat over the last 50 years, with growth largely driven by population increases. Going forward, population aging is both an economic and a fiscal concern, and climate change challenges an economic model largely dependent on winter tourism. Ambitious structural reforms are needed to unlock investment and lift productivity.

    Economic Outlook

    The Andorra economy continues to show resilience and to grow above its potential. Growth in 2024 surprised slightly on the upside, at an estimated 2.1 percent, driven by the service, banking and construction sectors. Inflation is subsiding gradually, reaching 2.6 percent at the end of 2024, despite limited economic slack and a still tight labor market. The current account surplus remains very large, estimated at 15.1 percent of GDP in 2024. The strong performance of banks continued in 2024 supported by high interest margins and increased fees and commissions.

    Going forward, GDP is expected to slow to the level of potential growth. Real GDP growth is forecasted at 1.7 percent in 2025 and 1.5 percent from 2027 onwards. Inflation is projected to stabilize at 1.7 percent over the medium term. Short-term risks are balanced: greater uncertainty in the global economy and the potential for adverse shocks such as deepening geoeconomic fragmentation, supply disruptions, recurrent commodity price fluctuations and a reversal of monetary policy loosening are downside risks to growth and inflation. On the upside, Andorra, like other service-oriented economies in Europe, could benefit from stronger demand, and grow faster than projected. Solid buffers mitigate risks.

    Challenges are concentrated over the medium-term, as stagnating income growth makes it challenging to address the impact of population aging and climate change. With long life expectancy and low fertility rates, Andorra’s population is expected to age rapidly—removing an engine for GDP growth and creating fiscal liabilities over the long term. Fiscal costs from pensions and healthcare will be substantial. More frequent climate shocks can affect the economic cycle in an economy largely reliant on winter tourism, and structurally warmer temperatures will require extensive adaptation.

    Policy priorities

    The solid macroeconomic position and the credibility of the policy framework provide Andorra with an opportunity for implementing far-reaching structural reforms. Diversifying the economy to enhance resilience, unlocking investment and lifting productivity to raise income levels, and addressing the costs of aging and climate change should be driving the policy agenda. The recently negotiated EU Association Agreement (EUAA), if approved by referendum, could offer an opportunity to support the reform momentum, but would also bring challenges.

    Maintaining a solid fiscal framework given spending pressures over the medium term

    Maintaining a disciplined fiscal policy within the fiscal framework is important and will provide room for more public investment. In a microstate that needs fiscal buffers against external shocks, entrenching fiscal space is important. In addition, the credibility of the fiscal framework and the primary surplus provide room for higher public investment to support potential growth and mitigate structural bottlenecks.

    • A balanced 2025 budget focused on economic priorities. The 2025 budget finds a welcome balance between maintaining a conservative fiscal stance but building on the authorities’ structural priorities, with a focus on health, housing, maintaining purchasing power, and education. Overall, the 2025 budget foresees a deficit of 0.9 percent of GDP. Given past practice of adjusting expenditures in line with incoming revenues, staff forecasts a small surplus of about 0.3 percent of GDP.
    • Room for growth-enhancing public spending. The fiscal framework, which prescribes an overall deficit limit of 1 percent of GDP and a central government debt ceiling of 40 percent of GDP, provides room for higher public spending targeted towards growth-enhancing investment. Spending should be focused on the structural needs of the economy: social and affordable housing, upskilling the workforce and addressing labor shortages, connectivity to support economic diversification, and investments to lift potential growth. As under-execution of budgeted public investment is customary, delivering on investment plans should be a policy objective.

    Over the medium term, Andorra faces rising spending pressures from aging, as well as a need to adapt to climate change—engaging reforms early is paramount. Staff estimates that by 2050, pension system expenditures will rise by 6.7 percentage points while healthcare expenditures will increase by 2 percentage points. Acting early on pension and healthcare reforms is needed to anticipate and mitigate the fiscal impact of aging.

    • Pension reform has been on the government’s agenda for some time and is overdue. The menu of options to put the system on the sustainable path is well understood, from increasing contribution rates and reducing conversion rates to increasing the retirement age. Concluding the reform in an expeditious and comprehensive manner is needed to ensure the sustainability of the social security fund in the long run.
    • A reform of the healthcare system should aim to contain long-term costs while raising healthcare revenues . Experience from other advanced economies provides a blueprint for potential measures, in 4 areas: (i) enhance cost efficiency, (ii) strengthen preventive care, (iii) increase revenues for healthcare while preserving equity, and (iv) improve governance. The National Pact brought together stakeholders and should continue its work to strengthen the healthcare system.

    · Beyond direct policies in the pension and healthcare areas, broader measures would be helpful to buffer the additional long-term fiscal costs of aging. Domestic revenue mobilization and migration policies can help.

    • Climate change also exposes the government to future contingent liabilities. Public investment needs to increase to meet Andorra’s climate change mitigation targets and to provide adequate support to the adaptation of the private sector. In addition, fiscal space will be increasingly needed to buffer the negative impact of climate shocks.

    Precautionary borrowing and a rapid reduction in public debt provide the authorities with flexibility in managing the debt profile. The authorities are reaping the benefits of an effective debt management strategy that is projected to bring public debt down to 30 percent of GDP by 2026, that lengthened its maturity to 6.3 years and that keeps public debt service low. The authorities should continue to monitor market conditions for an upcoming debt maturity of €500 million public bonds in 2027, including for further diversifying debt and extending its maturity to decrease rollover risks and mitigate consequences from potential increases in interest rates.

    Consolidating banking performance in a changing environment

    Strengthening further the resilience of the banking system during periods of high profitability is appropriate. The banking sector displays solid fundamentals, with large capital and liquidity buffers. However, given the large size of the banking sector, the supervisor should remain vigilant. Available supervisory tools should complement each other, including by supporting the lender of last resort facility introduced in 2022 by continued close supervision and a well-designed resolution framework to ensure that critical problems are identified and addressed early. The activation of a countercyclical capital buffer in 2024 was timely to increase banking system resilience during high bank profitability.

    The changing financial landscape, notably with the continued international expansion of banks and a possible EUAA, brings opportunities and challenges for Andorran banks. Banks have been growing in the EU where they run independent subsidiaries focused on private banking services, and the EUAA would facilitate this expansion, notably in the asset management business. Domestically, the EUAA has the potential to create a more dynamic domestic market but also to open Andorra to greater competition. The authorities should work closely with banks to prepare for the transition and safeguard financial stability.

    Ambitious structural reforms to unlock investment and lift productivity, support the diversification of the economy and help mitigate climate change.

    A comprehensive set of structural measures is important and should focus on the following:

    • Addressing frictions, notably labor and housing shortages. Public investment in education and well-designed immigration policies can improve knowledge capital in Andorra and raise labor productivity. Multiple housing measures were implemented recently—including the extension of existing rental contracts, the creation of a public affordable housing park, tax incentives for owners who offer affordable housing, suspension of tourist accommodation licenses, fees on empty houses and on real estate purchases by foreigners. The authorities should aim at providing market-based incentives for investing in affordable housing while minimizing distortions.
    • Creating a business environment conducive to higher investment. Recommendations encompass reducing administrative rigidities associated with doing business in Andorra, promoting access to financing, and implementing measures to attract and retain talent.
    • Supporting the development of higher value-added sectors, including the digital economy. With limited space for manufacturing, Andorra can look at the experience of peer countries that have successfully diversified towards the digital economy. Government policies, including the 2022 Law on the digital economy, entrepreneurship, and innovation and the Digitalization Strategy 2020-2030 were welcome initial steps.

    The EUAA could provide further momentum for reforms towards diversification, unlock investment, and raise productivity in Andorra, but is not without its own challenges. The agreement signals a strong commitment to deeper integration with the EU and to reinforce Andorran institutions in their coherence with EU standards. Empirical evidence on the benefits of EU membership provides useful lessons for EU association. It suggests that while the impact can be significant and positive, it builds up over time, and is conditional on well-designed domestic reforms during the accession period. While the impact varies with country-specific circumstances, it materializes through a few channels: structural reforms in the period preceding accession/association, greater capital accumulation, notably FDI, and higher productivity. In Andorra, room for increasing investment and productivity is substantial. Transition periods for key sectors such as telecom and banking mitigate the risks of disruption and fiscal space can cover transition costs. Preparedness is essential to realize the benefits of association, and reduce potential downsides, such as greater regional competition.

    The climate adaptation strategy needs to be accelerated given the macrocriticality of global warming for Andorra. Because of its higher altitude, Andorra is less exposed than other winter tourism locations in the region and should use this window of opportunity to enact needed policies, support the development of higher value-added service sectors and diversify away from winter tourism. The authorities should expedite the development and execution of a climate adaptation strategy.

    *

    The mission thanks the authorities and all our counterparts for a constructive and candid policy dialogue, for engaging in a productive and transparent collaboration, and for their hospitality during the official visit of the IMF to Andorra.

    Andorra: Selected Social and Economic Indicators

    I. Social Indicators

    Population (2023)

    85101

    Population at risk of poverty (percent, 2020)

    13

    Per capita income (2023, euros)

    40511

    Human Development Index Rank (2021)

    40 (out of 189)

    Gini Index (2020)

    32

    Life expectancy at birth (2024)

    83.9

    II. Economic Indicators

    Projections

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    NATIONAL ACCOUNTS AND PRICES

    (annual change, percent, unless otherwise indicated)

    Real GDP

    9.6

    2.6

    2.1

    1.7

    1.6

    1.5

    1.5

    1.5

    1.5

    Nominal GDP

    14.2

    9.0

    5.0

    3.7

    3.4

    3.3

    3.2

    3.2

    3.2

    GDP deflator

    4.2

    6.3

    2.9

    1.9

    1.8

    1.7

    1.7

    1.7

    1.7

    (contribution to nominal GDP growth, percentage points)

    Consumption

    6.5

    7.0

    3.6

    2.5

    2.5

    2.5

    2.5

    2.4

    2.4

    Private

    6.2

    3.5

    1.7

    1.5

    1.5

    1.5

    1.5

    1.4

    1.4

    Public

    0.3

    3.4

    1.9

    1.0

    1.0

    1.0

    1.0

    1.0

    1.0

    Investment

    6.8

    -2.2

    0.9

    0.5

    0.6

    0.3

    0.3

    0.4

    0.5

    Private 1/

    6.4

    -3.1

    0.2

    0.0

    0.4

    0.1

    0.1

    0.2

    0.3

    Public

    0.4

    0.9

    0.7

    0.5

    0.2

    0.2

    0.2

    0.2

    0.2

    Net exports of goods and services

    0.9

    4.3

    0.7

    0.6

    0.4

    0.4

    0.4

    0.4

    0.4

    Exports

    18.8

    10.4

    4.2

    3.3

    2.8

    2.8

    2.9

    2.9

    2.8

    Imports

    18.0

    6.1

    3.5

    2.7

    2.5

    2.4

    2.5

    2.5

    2.4

    Prices

    Inflation (percent, period average)

    6.2

    5.6

    3.1

    2.2

    1.8

    1.7

    1.7

    1.7

    1.7

    Inflation (percent, end of period)

    7.2

    4.6

    2.6

    2.0

    1.7

    1.7

    1.7

    1.7

    1.7

    Unemployment rate (percent)

    2.1

    1.6

    1.6

    1.6

    1.8

    1.8

    1.9

    2.0

    2.0

    EXTERNAL SECTOR

    (percent of GDP, unless otherwise indicated)

    Current account

    11.6

    14.2

    15.1

    17.0

    17.0

    17.0

    17.0

    17.0

    17.0

    Balance on goods and services

    8.8

    12.0

    12.0

    12.2

    12.1

    12.1

    12.1

    12.1

    12.1

    Exports of goods and services

    80.9

    83.7

    83.7

    83.9

    83.8

    83.9

    84.1

    84.2

    84.3

    Imports of goods and services

    72.2

    71.8

    71.6

    71.7

    71.7

    71.8

    71.9

    72.1

    72.2

    Primary income, net

    4.3

    3.5

    4.3

    6.1

    6.1

    6.1

    6.1

    6.1

    6.1

    Secondary income, net

    -1.4

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    Capital account

    0.0

    -0.1

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Financial account

    12.7

    13.5

    15.1

    17.0

    17.0

    17.0

    17.0

    17.0

    17.0

    Errors and omissions

    1.1

    -0.6

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Gross international reserves (millions of euros) 2/

    338.4

    338.7

    399.0

    399.0

    399.0

    399.0

    399.0

    399.0

    399.0

    FISCAL SECTOR

    (percent of GDP, unless otherwise indicated)

    General Government 3/

    Revenue

    39.7

    38.0

    37.9

    37.8

    37.7

    37.8

    37.8

    37.7

    37.8

    Expenditure

    34.9

    35.9

    36.5

    36.7

    36.6

    36.9

    36.9

    37.0

    37.0

    Interest

    0.7

    0.6

    0.6

    0.6

    0.6

    0.8

    0.8

    0.8

    0.8

    Primary balance

    5.6

    2.7

    2.0

    1.7

    1.6

    1.6

    1.7

    1.6

    1.6

    Net lending/borrowing (overall balance)

    4.8

    2.1

    1.5

    1.1

    1.1

    0.8

    0.9

    0.8

    0.8

    Public debt

    38.9

    35.5

    33.7

    32.5

    31.5

    30.5

    30.0

    29.5

    29.0

    Central Government 4/

    Revenue

    21.7

    19.8

    21.3

    20.8

    20.8

    20.8

    20.8

    20.8

    20.9

    Expenditure

    18.7

    19.1

    20.4

    20.5

    20.5

    20.6

    20.7

    20.6

    20.7

    Interest

    0.7

    0.5

    0.5

    0.5

    0.5

    0.7

    0.7

    0.7

    0.7

    Primary balance

    3.6

    1.2

    1.4

    0.8

    0.8

    0.9

    0.8

    0.9

    0.9

    Net lending/borrowing (overall balance)

    2.9

    0.7

    0.9

    0.3

    0.3

    0.2

    0.1

    0.2

    0.2

    Public debt

    37.1

    34.0

    32.3

    31.2

    30.1

    29.2

    28.7

    28.3

    27.9

    BANKING SECTOR5 /

    (percent, unless otherwise indicated)

    Regulatory capital to risk-weighted assets

    20.3

    21.7

    21.2

    …

    …

    …

    …

    …

    …

    Nonperforming loans to total gross loans

    3.3

    2.2

    2.1

    …

    …

    …

    …

    …

    …

    Credit to nonfinancial private sector

    Level (percent of GDP)

    116.4

    101.3

    94.5

    …

    …

    …

    …

    …

    …

    Corporates

    61.8

    55.1

    51.1

    …

    …

    …

    …

    …

    …

    Households

    54.6

    46.2

    43.4

    …

    …

    …

    …

    …

    …

    Growth (nominal)

    -1.7

    -5.2

    -2.0

    …

    …

    …

    …

    …

    …

    Corporates

    2.6

    -2.8

    -2.5

    …

    …

    …

    …

    …

    …

    Households

    -6.1

    -7.8

    -1.3

    …

    …

    …

    …

    …

    …

    Credit to public sector

    Level (percent of GDP)

    2.2

    1.8

    1.5

    …

    …

    …

    …

    …

    …

    Growth (nominal)

    -8.4

    -10.0

    -13.0

    …

    …

    …

    …

    …

    …

    Memorandum items

    Exchange rate (€/USD, period average) 6/

    0.95

    0.92

    0.92

    0.97

    0.97

    0.97

    0.97

    0.97

    0.97

    Nominal GDP (millions of euros)

    3,210

    3,501

    3,676

    3,811

    3,942

    4,070

    4,202

    4,338

    4,478

    Sources: Andorran authorities, Eurostat, and IMF staff calculations.

    1/ The contribution of private investment is derived as a residual and includes investments of state-owned enterprises.

    2/ The increase of gross international reserves in 2022 is due to €100 million deposited at the Bank of Spain, €40 million at the Banque de France, and €60 million at the Nederlandsche Bank as gross international reserves. In 2024, additional €60 million reserves were accounted, mainly deposited at the Bank of Spain.

    3/ The general government comprises the central government, local governments, and the social security fund.

    4/ The central government comprises Govern d’Andorra, as well as nonmarket, nonprofit institutional units.

    5/ 2024 data corresponds to 2024Q3.

    6/ The table reports the exchange rate €/USD because Andorra is a euroized economy.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    https://www.imf.org/en/News/Articles/2025/02/11/andorra-cs-2025

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Declaration made pursuant to Article L. 233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers

    Source: GlobeNewswire (MIL-OSI)

    Information
    February 11, 2025

    Declaration made pursuant to Article L. 233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers

    Information relating to the total number of shares and voting rights comprising the share capital as of January 31, 2025

    Date Total number of shares1comprising the share capital Theoretical number of voting rights2
    01/31/2025 179,577,400 179,577,400

    *

    *        *

    SCOR, a leading global reinsurer

    As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.

    The Group generated premiums of EUR 19.4 billion in 2023 and serves clients in around 160 countries from its 35 offices worldwide.

    For more information, visit: www.scor.com

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    InvestorRelations@scor.com

    Follow us on LinkedIn
     

    All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com.

    1 Each at a nominal value of EUR 7.8769723
    2 The gross number of voting rights is calculated on the basis of all shares carrying voting rights, including shares whose voting rights have been suspended (Art. 223-11 of the General Regulation of the AMF)

    Attachment

    The MIL Network –

  • MIL-OSI: MEXC Launches STORY (IP) Launchpool & Airdrop+, Offering 68,500 IP & 50,000 USDT in Bonuses

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 11, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, is excited to announce the launch of its Launchpool initiative in collaboration with the renowned blockchain project STORY (IP). This initiative highlights the close partnership between MEXC and STORY, showcasing their joint efforts to expand the STORY network. By introducing two major events—a Launchpool featuring a 60,000 IP reward pool and an Airdrop+ offering 8,500 IP plus 50,000 USDT—this collaboration further accelerates the growth of the STORY network while driving innovation in the blockchain space.

    MEXC Supports the STORY Network with the Launch of IP Launchpool

    In the digital age, traditional intellectual property (IP) management faces growing challenges. Centralized platforms and complicated intermediaries often lead to inefficiencies, high costs, and trust issues for creators. As a Layer 1 blockchain built with Cosmos SDK, STORY combines DeFi and AI technologies to offer automated, transparent, and cost-effective IP management solutions. With full EVM compatibility and a modular architecture, STORY empowers creators to tokenize their IP assets, automate royalties, and simplify licensing processes. MEXC’s support of the STORY network highlights the growing importance of such innovations in blockchain.

    As a global leader in digital asset trading, MEXC consistently supports innovative blockchain projects. Its Launchpool initiative with STORY reaffirms this commitment. This collaboration not only strengthens the STORY ecosystem but also empowers global creators and developers to explore the potential of decentralized IP management. MEXC’s broad market coverage and strong liquidity offer the environment for blockchain projects like STORY to thrive and bring new possibilities to the digital economy. By allowing users to stake USDT, MX, and IP tokens to earn rewards, MEXC provides a platform for increased exposure and growth for STORY. Visit the STORY (IP) pre-market page to see this innovation in action.

    Celebrate the IP Launchpool & Airdrop+ with a Prize Pool of 68,500 IP & 50,000 USDT

    As a pioneer in the cryptocurrency industry, MEXC continues to foster innovation and support emerging blockchain ecosystems. MEXC is hosting two major STORY (IP) events: the Airdrop+ event, running from February 12, 2025, 10:00 (UTC) to February 26, 2025, 10:00 (UTC), featuring 8,500 IP plus 50,000 USDT in rewards, and the Launchpool, taking place from February 12, 2025, 10:00 (UTC) to February 15, 2025, 10:00 (UTC), with a 60,000 IP reward pool. These initiatives underscore MEXC’s ongoing commitment to advancing blockchain innovation and delivering valuable opportunities to the crypto community.

    These activities include:

    • Event 1: IP Launchpool – Stake USDT, MX & IP to Share 60,000 IP
    • Event 2: Join Airdrop+ to Share 8,500 IP & 50,000 USDT bonus
    • Perk 1: Deposit and Share 5,600 IP (New User Exclusive).
      Perk 2: Spot Challenge – Trade to Share 1,700 IP.
      Perk 3: Futures Challenge – Trade to Share 50,000 USDT in Futures Bonuses.
      Perk 4: Invite New Users and Share 1,200 IP.

    MEXC continues to expand its market share in the centralized exchange space, leveraging its first-mover advantage in listing promising and valuable projects. As one of the leading cryptocurrency exchanges, with its commitment to innovation, user-centric approach, and strategic focus on early-stage token listings, MEXC remains at the forefront of the crypto industry, providing strong access to the rapidly growing blockchain ecosystem.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a2e22b1-397a-4227-8c4b-fe594bb87d87

    The MIL Network –

  • MIL-OSI: NNIT A/S: Publication of financial estimates gathered from equity analysts covering the NNIT share

    Source: GlobeNewswire (MIL-OSI)

    Today, NNIT has published financial estimates gathered from the four equity analysts covering the NNIT share ahead of the Q4/FY 2024 announcement scheduled for publication on February 18.

    The analyst estimates is available on NNIT’s investor site through this link: https://www.nnit.com/investors-media/investors/share/analyst-coverage/

    NNIT will host its webcast about the Q4/FY 2024 results on February 19 at 9:30 AM CET. Details can be found via this link: https://www.nnit.com/investors-media/investors/calendar/

    For more information, please contact:

    Investor Relations
    Carsten Ringius
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Sofie Mand Steffens
    Senior Communications Consultant
    Tel: +45 3077 8337
    smst@nnit.com

    ABOUT NNIT
    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and the subsidiary SCALES. Together, these companies employ more than 1,700 people in Europe, Asia and USA.  

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Principality of Andorra: Staff Concluding Statement of the 2025 Article IV Mission

    Source: International Monetary Fund

    February 11, 2025

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

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Andorra La Vella – February 11, 2025

    The Andorran economy is doing well. This provides a window of opportunity to address substantial long-term challenges. The authorities have consolidated the country’s macro-financial framework and reinforced buffers. However, Andorra’s real GDP per capita—while high in absolute terms—has remained flat over the last 50 years, with growth largely driven by population increases. Going forward, population aging is both an economic and a fiscal concern, and climate change challenges an economic model largely dependent on winter tourism. Ambitious structural reforms are needed to unlock investment and lift productivity.

    Economic Outlook

    The Andorra economy continues to show resilience and to grow above its potential. Growth in 2024 surprised slightly on the upside, at an estimated 2.1 percent, driven by the service, banking and construction sectors. Inflation is subsiding gradually, reaching 2.6 percent at the end of 2024, despite limited economic slack and a still tight labor market. The current account surplus remains very large, estimated at 15.1 percent of GDP in 2024. The strong performance of banks continued in 2024 supported by high interest margins and increased fees and commissions.

    Going forward, GDP is expected to slow to the level of potential growth. Real GDP growth is forecasted at 1.7 percent in 2025 and 1.5 percent from 2027 onwards. Inflation is projected to stabilize at 1.7 percent over the medium term. Short-term risks are balanced: greater uncertainty in the global economy and the potential for adverse shocks such as deepening geoeconomic fragmentation, supply disruptions, recurrent commodity price fluctuations and a reversal of monetary policy loosening are downside risks to growth and inflation. On the upside, Andorra, like other service-oriented economies in Europe, could benefit from stronger demand, and grow faster than projected. Solid buffers mitigate risks.

    Challenges are concentrated over the medium-term, as stagnating income growth makes it challenging to address the impact of population aging and climate change. With long life expectancy and low fertility rates, Andorra’s population is expected to age rapidly—removing an engine for GDP growth and creating fiscal liabilities over the long term. Fiscal costs from pensions and healthcare will be substantial. More frequent climate shocks can affect the economic cycle in an economy largely reliant on winter tourism, and structurally warmer temperatures will require extensive adaptation.

    Policy priorities

    The solid macroeconomic position and the credibility of the policy framework provide Andorra with an opportunity for implementing far-reaching structural reforms. Diversifying the economy to enhance resilience, unlocking investment and lifting productivity to raise income levels, and addressing the costs of aging and climate change should be driving the policy agenda. The recently negotiated EU Association Agreement (EUAA), if approved by referendum, could offer an opportunity to support the reform momentum, but would also bring challenges.

    Maintaining a solid fiscal framework given spending pressures over the medium term

    Maintaining a disciplined fiscal policy within the fiscal framework is important and will provide room for more public investment. In a microstate that needs fiscal buffers against external shocks, entrenching fiscal space is important. In addition, the credibility of the fiscal framework and the primary surplus provide room for higher public investment to support potential growth and mitigate structural bottlenecks.

    • A balanced 2025 budget focused on economic priorities. The 2025 budget finds a welcome balance between maintaining a conservative fiscal stance but building on the authorities’ structural priorities, with a focus on health, housing, maintaining purchasing power, and education. Overall, the 2025 budget foresees a deficit of 0.9 percent of GDP. Given past practice of adjusting expenditures in line with incoming revenues, staff forecasts a small surplus of about 0.3 percent of GDP.
    • Room for growth-enhancing public spending. The fiscal framework, which prescribes an overall deficit limit of 1 percent of GDP and a central government debt ceiling of 40 percent of GDP, provides room for higher public spending targeted towards growth-enhancing investment. Spending should be focused on the structural needs of the economy: social and affordable housing, upskilling the workforce and addressing labor shortages, connectivity to support economic diversification, and investments to lift potential growth. As under-execution of budgeted public investment is customary, delivering on investment plans should be a policy objective.

    Over the medium term, Andorra faces rising spending pressures from aging, as well as a need to adapt to climate change—engaging reforms early is paramount. Staff estimates that by 2050, pension system expenditures will rise by 6.7 percentage points while healthcare expenditures will increase by 2 percentage points. Acting early on pension and healthcare reforms is needed to anticipate and mitigate the fiscal impact of aging.

    • Pension reform has been on the government’s agenda for some time and is overdue. The menu of options to put the system on the sustainable path is well understood, from increasing contribution rates and reducing conversion rates to increasing the retirement age. Concluding the reform in an expeditious and comprehensive manner is needed to ensure the sustainability of the social security fund in the long run.
    • A reform of the healthcare system should aim to contain long-term costs while raising healthcare revenues . Experience from other advanced economies provides a blueprint for potential measures, in 4 areas: (i) enhance cost efficiency, (ii) strengthen preventive care, (iii) increase revenues for healthcare while preserving equity, and (iv) improve governance. The National Pact brought together stakeholders and should continue its work to strengthen the healthcare system.

    · Beyond direct policies in the pension and healthcare areas, broader measures would be helpful to buffer the additional long-term fiscal costs of aging. Domestic revenue mobilization and migration policies can help.

    • Climate change also exposes the government to future contingent liabilities. Public investment needs to increase to meet Andorra’s climate change mitigation targets and to provide adequate support to the adaptation of the private sector. In addition, fiscal space will be increasingly needed to buffer the negative impact of climate shocks.

    Precautionary borrowing and a rapid reduction in public debt provide the authorities with flexibility in managing the debt profile. The authorities are reaping the benefits of an effective debt management strategy that is projected to bring public debt down to 30 percent of GDP by 2026, that lengthened its maturity to 6.3 years and that keeps public debt service low. The authorities should continue to monitor market conditions for an upcoming debt maturity of €500 million public bonds in 2027, including for further diversifying debt and extending its maturity to decrease rollover risks and mitigate consequences from potential increases in interest rates.

    Consolidating banking performance in a changing environment

    Strengthening further the resilience of the banking system during periods of high profitability is appropriate. The banking sector displays solid fundamentals, with large capital and liquidity buffers. However, given the large size of the banking sector, the supervisor should remain vigilant. Available supervisory tools should complement each other, including by supporting the lender of last resort facility introduced in 2022 by continued close supervision and a well-designed resolution framework to ensure that critical problems are identified and addressed early. The activation of a countercyclical capital buffer in 2024 was timely to increase banking system resilience during high bank profitability.

    The changing financial landscape, notably with the continued international expansion of banks and a possible EUAA, brings opportunities and challenges for Andorran banks. Banks have been growing in the EU where they run independent subsidiaries focused on private banking services, and the EUAA would facilitate this expansion, notably in the asset management business. Domestically, the EUAA has the potential to create a more dynamic domestic market but also to open Andorra to greater competition. The authorities should work closely with banks to prepare for the transition and safeguard financial stability.

    Ambitious structural reforms to unlock investment and lift productivity, support the diversification of the economy and help mitigate climate change.

    A comprehensive set of structural measures is important and should focus on the following:

    • Addressing frictions, notably labor and housing shortages. Public investment in education and well-designed immigration policies can improve knowledge capital in Andorra and raise labor productivity. Multiple housing measures were implemented recently—including the extension of existing rental contracts, the creation of a public affordable housing park, tax incentives for owners who offer affordable housing, suspension of tourist accommodation licenses, fees on empty houses and on real estate purchases by foreigners. The authorities should aim at providing market-based incentives for investing in affordable housing while minimizing distortions.
    • Creating a business environment conducive to higher investment. Recommendations encompass reducing administrative rigidities associated with doing business in Andorra, promoting access to financing, and implementing measures to attract and retain talent.
    • Supporting the development of higher value-added sectors, including the digital economy. With limited space for manufacturing, Andorra can look at the experience of peer countries that have successfully diversified towards the digital economy. Government policies, including the 2022 Law on the digital economy, entrepreneurship, and innovation and the Digitalization Strategy 2020-2030 were welcome initial steps.

    The EUAA could provide further momentum for reforms towards diversification, unlock investment, and raise productivity in Andorra, but is not without its own challenges. The agreement signals a strong commitment to deeper integration with the EU and to reinforce Andorran institutions in their coherence with EU standards. Empirical evidence on the benefits of EU membership provides useful lessons for EU association. It suggests that while the impact can be significant and positive, it builds up over time, and is conditional on well-designed domestic reforms during the accession period. While the impact varies with country-specific circumstances, it materializes through a few channels: structural reforms in the period preceding accession/association, greater capital accumulation, notably FDI, and higher productivity. In Andorra, room for increasing investment and productivity is substantial. Transition periods for key sectors such as telecom and banking mitigate the risks of disruption and fiscal space can cover transition costs. Preparedness is essential to realize the benefits of association, and reduce potential downsides, such as greater regional competition.

    The climate adaptation strategy needs to be accelerated given the macrocriticality of global warming for Andorra. Because of its higher altitude, Andorra is less exposed than other winter tourism locations in the region and should use this window of opportunity to enact needed policies, support the development of higher value-added service sectors and diversify away from winter tourism. The authorities should expedite the development and execution of a climate adaptation strategy.

    *

    The mission thanks the authorities and all our counterparts for a constructive and candid policy dialogue, for engaging in a productive and transparent collaboration, and for their hospitality during the official visit of the IMF to Andorra.

    Andorra: Selected Social and Economic Indicators

    I. Social Indicators

    Population (2023)

    85101

    Population at risk of poverty (percent, 2020)

    13

    Per capita income (2023, euros)

    40511

    Human Development Index Rank (2021)

    40 (out of 189)

    Gini Index (2020)

    32

    Life expectancy at birth (2024)

    83.9

    II. Economic Indicators

    Projections

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    NATIONAL ACCOUNTS AND PRICES

    (annual change, percent, unless otherwise indicated)

    Real GDP

    9.6

    2.6

    2.1

    1.7

    1.6

    1.5

    1.5

    1.5

    1.5

    Nominal GDP

    14.2

    9.0

    5.0

    3.7

    3.4

    3.3

    3.2

    3.2

    3.2

    GDP deflator

    4.2

    6.3

    2.9

    1.9

    1.8

    1.7

    1.7

    1.7

    1.7

    (contribution to nominal GDP growth, percentage points)

    Consumption

    6.5

    7.0

    3.6

    2.5

    2.5

    2.5

    2.5

    2.4

    2.4

    Private

    6.2

    3.5

    1.7

    1.5

    1.5

    1.5

    1.5

    1.4

    1.4

    Public

    0.3

    3.4

    1.9

    1.0

    1.0

    1.0

    1.0

    1.0

    1.0

    Investment

    6.8

    -2.2

    0.9

    0.5

    0.6

    0.3

    0.3

    0.4

    0.5

    Private 1/

    6.4

    -3.1

    0.2

    0.0

    0.4

    0.1

    0.1

    0.2

    0.3

    Public

    0.4

    0.9

    0.7

    0.5

    0.2

    0.2

    0.2

    0.2

    0.2

    Net exports of goods and services

    0.9

    4.3

    0.7

    0.6

    0.4

    0.4

    0.4

    0.4

    0.4

    Exports

    18.8

    10.4

    4.2

    3.3

    2.8

    2.8

    2.9

    2.9

    2.8

    Imports

    18.0

    6.1

    3.5

    2.7

    2.5

    2.4

    2.5

    2.5

    2.4

    Prices

    Inflation (percent, period average)

    6.2

    5.6

    3.1

    2.2

    1.8

    1.7

    1.7

    1.7

    1.7

    Inflation (percent, end of period)

    7.2

    4.6

    2.6

    2.0

    1.7

    1.7

    1.7

    1.7

    1.7

    Unemployment rate (percent)

    2.1

    1.6

    1.6

    1.6

    1.8

    1.8

    1.9

    2.0

    2.0

    EXTERNAL SECTOR

    (percent of GDP, unless otherwise indicated)

    Current account

    11.6

    14.2

    15.1

    17.0

    17.0

    17.0

    17.0

    17.0

    17.0

    Balance on goods and services

    8.8

    12.0

    12.0

    12.2

    12.1

    12.1

    12.1

    12.1

    12.1

    Exports of goods and services

    80.9

    83.7

    83.7

    83.9

    83.8

    83.9

    84.1

    84.2

    84.3

    Imports of goods and services

    72.2

    71.8

    71.6

    71.7

    71.7

    71.8

    71.9

    72.1

    72.2

    Primary income, net

    4.3

    3.5

    4.3

    6.1

    6.1

    6.1

    6.1

    6.1

    6.1

    Secondary income, net

    -1.4

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    -1.3

    Capital account

    0.0

    -0.1

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Financial account

    12.7

    13.5

    15.1

    17.0

    17.0

    17.0

    17.0

    17.0

    17.0

    Errors and omissions

    1.1

    -0.6

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Gross international reserves (millions of euros) 2/

    338.4

    338.7

    399.0

    399.0

    399.0

    399.0

    399.0

    399.0

    399.0

    FISCAL SECTOR

    (percent of GDP, unless otherwise indicated)

    General Government 3/

    Revenue

    39.7

    38.0

    37.9

    37.8

    37.7

    37.8

    37.8

    37.7

    37.8

    Expenditure

    34.9

    35.9

    36.5

    36.7

    36.6

    36.9

    36.9

    37.0

    37.0

    Interest

    0.7

    0.6

    0.6

    0.6

    0.6

    0.8

    0.8

    0.8

    0.8

    Primary balance

    5.6

    2.7

    2.0

    1.7

    1.6

    1.6

    1.7

    1.6

    1.6

    Net lending/borrowing (overall balance)

    4.8

    2.1

    1.5

    1.1

    1.1

    0.8

    0.9

    0.8

    0.8

    Public debt

    38.9

    35.5

    33.7

    32.5

    31.5

    30.5

    30.0

    29.5

    29.0

    Central Government 4/

    Revenue

    21.7

    19.8

    21.3

    20.8

    20.8

    20.8

    20.8

    20.8

    20.9

    Expenditure

    18.7

    19.1

    20.4

    20.5

    20.5

    20.6

    20.7

    20.6

    20.7

    Interest

    0.7

    0.5

    0.5

    0.5

    0.5

    0.7

    0.7

    0.7

    0.7

    Primary balance

    3.6

    1.2

    1.4

    0.8

    0.8

    0.9

    0.8

    0.9

    0.9

    Net lending/borrowing (overall balance)

    2.9

    0.7

    0.9

    0.3

    0.3

    0.2

    0.1

    0.2

    0.2

    Public debt

    37.1

    34.0

    32.3

    31.2

    30.1

    29.2

    28.7

    28.3

    27.9

    BANKING SECTOR5 /

    (percent, unless otherwise indicated)

    Regulatory capital to risk-weighted assets

    20.3

    21.7

    21.2

    …

    …

    …

    …

    …

    …

    Nonperforming loans to total gross loans

    3.3

    2.2

    2.1

    …

    …

    …

    …

    …

    …

    Credit to nonfinancial private sector

    Level (percent of GDP)

    116.4

    101.3

    94.5

    …

    …

    …

    …

    …

    …

    Corporates

    61.8

    55.1

    51.1

    …

    …

    …

    …

    …

    …

    Households

    54.6

    46.2

    43.4

    …

    …

    …

    …

    …

    …

    Growth (nominal)

    -1.7

    -5.2

    -2.0

    …

    …

    …

    …

    …

    …

    Corporates

    2.6

    -2.8

    -2.5

    …

    …

    …

    …

    …

    …

    Households

    -6.1

    -7.8

    -1.3

    …

    …

    …

    …

    …

    …

    Credit to public sector

    Level (percent of GDP)

    2.2

    1.8

    1.5

    …

    …

    …

    …

    …

    …

    Growth (nominal)

    -8.4

    -10.0

    -13.0

    …

    …

    …

    …

    …

    …

    Memorandum items

    Exchange rate (€/USD, period average) 6/

    0.95

    0.92

    0.92

    0.97

    0.97

    0.97

    0.97

    0.97

    0.97

    Nominal GDP (millions of euros)

    3,210

    3,501

    3,676

    3,811

    3,942

    4,070

    4,202

    4,338

    4,478

    Sources: Andorran authorities, Eurostat, and IMF staff calculations.

    1/ The contribution of private investment is derived as a residual and includes investments of state-owned enterprises.

    2/ The increase of gross international reserves in 2022 is due to €100 million deposited at the Bank of Spain, €40 million at the Banque de France, and €60 million at the Nederlandsche Bank as gross international reserves. In 2024, additional €60 million reserves were accounted, mainly deposited at the Bank of Spain.

    3/ The general government comprises the central government, local governments, and the social security fund.

    4/ The central government comprises Govern d’Andorra, as well as nonmarket, nonprofit institutional units.

    5/ 2024 data corresponds to 2024Q3.

    6/ The table reports the exchange rate €/USD because Andorra is a euroized economy.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    MIL OSI Economics –

  • MIL-OSI: CapitalRock spreads its wings in the realm of cryptocurrency with the latest solutions and investment plans

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 11, 2025 (GLOBE NEWSWIRE) — World-recognized Crypto Asset Management Leader now introduces CapitalRock coin and is ready to start its trading app.

    CapitalRock is one of the leading crypto asset management companies that has come up with a huge plan to redefine the digital finance system through its advanced investment plans, strategic analysis approach, and attractive offers.

    Composed of a competent team of more than 200 experts, CapitalRock is all set to take over the crypto world.

    The prime focus of CapitalRock is to cater to the digital world with its unique crypto investment plans with keen market analysis. The efficient team is dedicated to working most professionally by keeping an eye on the latest trends and risk factors, thus making smart decisions for its Investors. The CapitalRock team involves seasoned analysts, traders, and Blockchain experts from the industry who bring their hands-on experience to make every effort to elevate the graph of CapitalRock coin.

    CapitalRock coin aka CR is the nucleus of CapitalRock’s unique work plan in the world of cryptocurrency. CR has taken the top position in the contemporary exchange market. Its top ranking has increased the company’s reputation in the market in turn, providing the investors a trustworthy platform for carrying out trade activities. Thus, both CR and the company find its way to ace the digital market.

    CapitalRock Coin (CR): A Game-Changer in Crypto

    CapitalRock coin (CR) has been launched to set a foundation for the company’s beneficial monetary plans, to take it high in the brand ranking. After wise investment planning, along with smart strategic management, CR bears the potential to bring innovation to the digital market. CR paves a lucrative path for its users from trade aspects, thus providing them a strong and durable crypto ecosystem.

    The launch of CR is completely aligned with the vision of CapitalRock which claims to provide its users not just with a financially supportive trade coin but also makes them a valuable part of the company’s mission.

    CR, being labelled as the top-ranked coin in the exchange market, has caught the attention of investors worldwide for availing a better trading experience.

    CapitalRock’s Trading Application: A Step Forward in User Experience

    In the coming future, CapitalRock is also ready to launch its highly effective trading application. This up-to-date trading app will allow both retailers and investors to make use of advanced features to increase the functionality of the coin. With the use of this app, the users through their crypto profile, will enjoy a smooth trade experience with CR.

    The application will be designed with an attractive yet easy-to-use interface, precise analysis, and authentic market data. The easy-to-use interface will allow both new traders and old crypto users to enjoy the service in its full bloom. It will enable the users to reach out to important market updates, trading trends, and analytics and will also allow them to maintain their trade portfolio and view the performance graph. These facilities will surely allow them to make wise decisions in terms of trading and investment in the digitally competitive finance market.

    Technology is a reality and it stands at the heart of the crypto asset management and our trading app is the representative of this reality. Our motto is to take crypto investments through a more user-friendly approach and this will be possible via our trading application. The CEO of CapitalRock claimed to be eagerly in the queue to embrace its beneficial impact in the digital world.

    CapitalRock’s Dedicated Team: The Driving Force Behind Success

    The CapitalRock team of over 200 potential minds is one of the leading reasons behind its successful journey. The expert data analysts, competent risk managers, and Blockchain masters put their entire efforts to keep it high in the exchange ranking by continuously devising mindful strategies and keeping a track of the associated risks. Thus CapitalRock has met all the risks and stands high in ua performance.

    The head of CapitalRock’s investment strategy department stated that the CapitalRock team is its backbone. He further mentioned that they take pride in their capabilities to cope with the trends, pinpoint risks timely, and avail the opportunities rightly by being flexible by market fluctuations. He also paid tribute to the team members’ full-time commitment and dedication to their duties and the company’s vision.

    A Vision for the Future

    With the continuous growth of the crypto market, CapitalRock stands firm with its motto to add value to the advanced digital world. The strategic plans of CapitalRock including continuous investment analysis, the launch of CR, and the most useful trading application are all its support systems that speak of its vision. The passionate team of CapitalRock is also striving to extend its global face, making new partnerships and fostering ties with organizational investors. It also has smart plans to work on Blockchain projects and make trading collaborations. The leadership of CapitalRock is giving it’s best in availing more growth opportunities to amplify its digital profile along with bringing more services and facilities for the investors.

    In the coming future, CapitalRock is also quite eager to take part in educational programs, innovative projects, and decentralized finance (DeFi) applications in order to pay back to the Blockchain community in the best way.

    Commitment to Transparency and Security

    Transparency is practiced at its best at CapitalRock. As with the increasing number of users and an upsurge in digital assets, the company is subjected to more seamlessness in providing the data to its partners. Therefore, it ensures that the company’s investors feel rather more trusted while making decisions and being a part of this community.

    CapitalRock makes use of top-notch security tools i-e multi-signature wallets, two-factor authentication, and peer-to-peer encryption to keep all the investments as well as users’ personal data fully safe and secure. With frequently mushrooming crypto assets, CapitalRock has felt the need to maintain its security protocols rather than more.

    Conclusion

    With all its uniqueness, CapitalRock is determined to maintain its pre-eminent position in the crypto world. With it’s crypto coin (CR) and the trendy trading application launched, the company is doing its best to come up to the mark with all competitors and contribute in revamping the digital finance market.

    CapitalRock, with its seasoned team, smart leadership, and dedicated mindset, is laying the foundation to better standards for crypto investments, trade and exchanges. Investors can see a bright future ahead of their way in the contemporary crypto ecosystem where CapitalRock is leading their way.

    For further information regarding CapitalRock coin (CR) and trading app, keep visiting the official website.

    https://www.capitalrock.ch/
    https://t.me/capitalrock1
    https://twitter.com/CapitalRock_AG
    Contact person: Jawwad Ahmed
    Company name: CapitalRock
    Website: capitalrock.ch
    Email: admin@capitalrock.ch

    Disclaimer: This press release is provided by CapitalRock. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c8175b0-1282-4ae3-8036-d6168fb13fbe

    The MIL Network –

  • MIL-OSI Europe: The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application

    Source: European Banking Authority

    The European Banking Authority (EBA) narrowed down the scope of its existing Guidelines on ICT and security risk management measures, due to the application of harmonised ICT risk management requirements under the Digital Operational Resilience Act (DORA) from 17 January 2025.  These amendments aim at simplifying the ICT risk management framework and providing legal clarity to the market.

    DORA has introduced harmonised requirements on ICT risk management that apply to financial entities across the banking, securities/markets, insurance and pensions sectors.

    To avoid duplication of requirements and to provide legal clarity to the market, the EBA has amended its Guidelines on ICT and security risk management. In particular, the EBA has narrowed down:

    • the entity scope of the Guidelines to only those that are covered by DORA, namely credit institutions, payment institutions, account information service providers, exempted payment institutions and exempted e-money institutions; and
    • the scope of the Guidelines to the requirements on relationship management of the payment service users in relation to the provision of payment services.

    It is important to note that security and operational risk management requirements under the Payment Services Directive (PSD2), which are applicable since March 2018, continue to apply to other types of payment service providers (PSPs), such as post-office giro institutions and credit unions, that are not covered by DORA. PSPs that are still subject to security and operational risk management under the PSD2 can potentially be subject to additional national requirements, regardless of the existence of the EBA Guidelines that would apply to them. Competent authorities or Member States’ governments wishing to retain the approach set out in the EBA Guidelines for those PSPs can continue to do so under their national legal framework or supervisory measures.

    Background, legal basis and next steps

    On 27 November 2019, the EBA published the Guidelines on ICT and security risk management (EBA/GL/2019/04) (“Guidelines”) which were built on the provisions of Article 74 of Directive 2013/36/EU (CRD)[1] and Article 95(3) of Directive (EU) 2015/2366 (PSD2)[2] . These Guidelines established requirements for credit institutions, investment firms and PSPs on the mitigation and management of their ICT and security risks and aim to ensure a consistent and robust approach across the Single market. The Guidelines entered into force in 2020 and replaced and repealed the preceding Guidelines on security measures for operational and security risks that the EBA had issued three years earlier in fulfilment of a mandate under PSD2 (EBA GL/2017/17).

    From 17 January 2025, DORA applies and introduces, inter alia, harmonised requirements for ICT risk management framework (RMF), incident reporting, and third-party risk management and testing.

    The amended Guidelines will apply within two months of the publication of the translated versions.

     

    [1] EBA mandate to further harmonise financial institutions’ governance arrangements, processes and mechanisms across the EU regarding internal governance

    [2]EBA mandate to issue guidelines with regard to the establishment, implementation and monitoring of security measures for operational and security risks.

    The Guidelines replaced those on security measures for operational and security risks (EBA GL/2017/17), which were repealed

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Building consensus on Council Tax reform

    Source: Scottish Government

    Future of local taxation to be considered.

    The public will be invited to submit their views on how to make the Council Tax system fairer, as part of wider efforts to explore options and build a consensus for potential reform.

    As part of a joint programme of engagement by the Scottish Government and COSLA, independent analysis will also be commissioned to examine the Council Tax system accounting for market changes, reforms, and improvements.

    This will inform public engagement later this year, followed by a Scottish Parliament debate on the findings and proposed policy reforms.

    Finance Secretary Shona Robison said:

    “Partnering with COSLA, we want to examine ways to make Council Tax fairer, which will help to continue to deliver better public services across Scotland.

    “By working closely with local authorities and listening to the public, we will be seeking a consensus on a local taxation system that is fairer, financially sustainable and fits a modern Scotland.”

    COSLA Resources Spokesperson Cllr Katie Hagmann said:

    “Local Authorities wish to see a fair and proportionate Council Tax, which benefits people and communities. 

    “COSLA is looking forward to working with the Scottish Government on a programme of engagement with the public, with the shared goal of achieving a better, fairer system of local taxation.”

    Background

    Programme of engagement:

    Expert and independent analysis will be commissioned, including to provide high level analysis and modelling on alternative scenarios and reforms of the system.

    Following that, a range of activities to seek the views from a wide range of people from across Scotland will be undertaken, consisting of three key elements:

    • A formal public consultation process.
    • A number of public events or ‘town hall’ meetings held over the autumn months, ensuring a reasonable geographical spread and diversity.
    • A set of focused discussions with key stakeholders and experts.  

    The public engagement will aim to capture a wide spectrum of opinions and considered responses, ensuring a diverse range of perspectives, including representation from those paying Council Tax across different bands.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Dmitry Chernyshenko: Russia is a leader in the field of nuclear energy

    Translartion. Region: Russians Fedetion –

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

    Dmitry Chernyshenko took part in a joint meeting of the heads of the Russian Academy of Sciences, the Kurchatov Institute National Research Center and Rosatom, dedicated to the 80th anniversary of the nuclear industry

    February 11, 2025

    Dmitry Chernyshenko took part in a joint meeting of the heads of the Russian Academy of Sciences, the Kurchatov Institute National Research Center and Rosatom, dedicated to the 80th anniversary of the nuclear industry

    February 11, 2025

    Presidential Aide Andrei Fursenko read out Vladimir Putin’s greeting at a joint meeting of the heads of the Russian Academy of Sciences, the Kurchatov Institute National Research Center and Rosatom, dedicated to the 80th anniversary of the nuclear industry

    February 11, 2025

    Director General of the State Corporation Rosatom Alexey Likhachev at a joint meeting of the heads of the Russian Academy of Sciences, the National Research Center Kurchatov Institute and Rosatom, dedicated to the 80th anniversary of the nuclear industry

    February 11, 2025

    President of the Russian Academy of Sciences Gennady Krasnikov at a joint meeting of the heads of the Russian Academy of Sciences, the Kurchatov Institute National Research Center and Rosatom, dedicated to the 80th anniversary of the nuclear industry

    February 11, 2025

    Previous news Next news

    Dmitry Chernyshenko took part in a joint meeting of the heads of the Russian Academy of Sciences, the Kurchatov Institute National Research Center and Rosatom, dedicated to the 80th anniversary of the nuclear industry

    Deputy Prime Minister Dmitry Chernyshenko took part in a joint meeting of the heads of the Russian Academy of Sciences, the Kurchatov Institute National Research Center and Rosatom, dedicated to the 80th anniversary of the nuclear industry.

    Aide to the President of Russia Andrei Fursenko read out a greeting from Vladimir Putin, which, in particular, noted: “It is important that the unique potential and truly inexhaustible innovative capabilities of the nuclear industry today be fully utilized for the purpose of modernizing the national economy, ensuring the country’s defense capability and energy security, and training modern, qualified personnel.”

    Dmitry Chernyshenko thanked the head of Rosatom Alexey Likhachev and the president of the Kurchatov Institute Mikhail Kovalchuk for their systematic and fruitful work on the development of nuclear science and technology. Thanks to the two flagships – Rosatom and the Kurchatov Institute – Russia is implementing the most ambitious projects.

    He also noted the contribution of the First Deputy Chief of the Presidential Administration Sergei Kiriyenko, under whom the necessary foundations were laid for the transformation of the nuclear industry.

    The Deputy Prime Minister emphasized that Russian science has always demonstrated impressive results. This is especially noticeable in the history of the nuclear industry. Among the significant names and events are Igor Afrikantov and the construction of the first nuclear icebreaker “Lenin”, Igor Kurchatov and his invaluable contribution to the Soviet nuclear project, and others.

    “Our President Vladimir Vladimirovich Putin has set a national goal – technological leadership. In the field of nuclear energy, Russia is truly a leader. It is not easy to be a leader, but it is even more difficult to maintain such a position. To do this, we must continue to develop fundamental and applied science, primarily in the nuclear industry, and train young promising specialists, as the head of state said at a meeting of the Council for Science and Education. The guidelines here are the priorities outlined in the Strategy for Scientific and Technological Development of our country, in the Presidential Decree on priority areas of scientific and technological development and the list of the most important science-intensive technologies,” said Dmitry Chernyshenko.

    The Deputy Prime Minister named the National Center for Physics and Mathematics in Sarov, which is being created on the instructions of the head of state, as an example of successful cooperation between the state, science and business. Modern infrastructure is being built there, including advanced midi-science laboratories and mega-science installations. More than 55 organizations are involved in the cooperation, and the center’s scientific program is currently being implemented by about 2,000 scientists and researchers.

    2025 will be an important stage in the development of the Russian nuclear industry: the national project of technological leadership “New Nuclear and Energy Technologies” has been launched. It includes 10 federal projects, half of which are devoted to nuclear topics. The events were approved at the site of the Commission for Scientific and Technological Development of Russia with the participation of the President of the Russian Academy of Sciences Gennady Krasnikov. The implementation of federal projects is of strategic importance for ensuring the technological sovereignty and leadership of Russia.

    One of the key areas is the development of thermonuclear energy. According to the federal project “Thermonuclear Energy Technologies”, it is planned to build a unique installation – a tokamak with reactor technologies. Russia also has a unique nuclear icebreaker fleet and is constantly increasing its potential. Not only powerful nuclear icebreakers have been put into operation on the Northern Sea Route, but also the world’s only floating nuclear thermal power plant “Akademik Lomonosov”, which is of key importance for the development of the Arctic.

    “Dear friends! In the year of the 80th anniversary of the nuclear industry, our country looks confidently to the future. Of course, only through joint efforts will we successfully implement the tasks set by the President and strengthen Russia’s position as a world leader in the field of nuclear science and technology,” the Deputy Prime Minister addressed the meeting participants.

    The event took place in the historic building of the Rosatom State Corporation in Moscow. It was attended by Rosatom Director General Alexey Likhachev, President of the Russian Academy of Sciences Gennady Krasnikov, President of the Kurchatov Institute National Research Center Mikhail Kovalchuk, as well as representatives of the Ministry of Education and Science, directors and scientific directors of leading industry institutes, outstanding Russian scientists and young specialists.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: The Central Bank of the Russian Federation warns that fraudsters have mastered a new scheme of deception with virtual cards

    Translartion. Region: Russians Fedetion –

    Sours: Mainfin Bank –

    How does the new scheme that the Bank of Russia is warning about work?

    Another fraudulent scheme allows you to steal money remotely kart Russians – the fraudsters do not need to have a plastic card in hand. The fraud occurs in stages:

    Fraudsters inform a citizen about an attempt by unidentified persons to steal money from a card. The victim is forced to install the “official application of the Central Bank of the Russian Federation” to protect their finances. The person who launches the application must attach the bank card to the phone and enter the code from the SMS for authorization. The application creates a virtual image of the card (similar to, for example, MirPay), to which the attackers have access. Now the fraudsters will be able to withdraw money from any ATM that operates using contactless technology – just attach your smartphone.

    If the victim has several cards, the attackers may offer to “link” them all – then the volume of thefts will increase. It is also possible to use a combined fraud scheme – first the fraudsters will call, then – allegedly representatives of law enforcement agencies, reporting an attempt at fraud and the need to “save money”.

    What should you do if you receive calls or messages from scammers?

    The Bank of Russia reminded Russians about the ban on transferring personal and banking data to third parties. It is not difficult to recognize a fraudster in the caller – the attackers most often use the following phrases:

    “an application for a loan has been submitted”, the victim gets scared and tries to cancel it; “an employee of the Central Bank” calls, then the legends can be different; the money needs to be transferred to a “safe or special account”, which in fact belongs to the scammers; “a suspicious transaction has been recorded”, for example, a transfer to an unknown person; “SIM card has expired”, “you need to renew your contract with the telecom operator”, the main thing is to provide the code from the SMS.

    “If scammers call, you must hang up and not disclose information. You also cannot install various applications at the request of callers,” the Central Bank of the Russian Federation reminded.

    Russians are informed literally every day about the need to remain vigilant, but this does not stop criminals from stealing funds – in 2024, the volume of thefts increased by 8% compared to the previous year.

    12:30 11.02.2025

    Source:

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //Mainfin.ru/novosti/zb-RF-RF-pre-AMENSIS-OSENNIS-NOT-NOVE-SHEMA-SOCHE-SC-Virtual-Card

    MIL OSI Russia News –

  • MIL-OSI Africa: African Development Bank’s Climate Action Window channels $31m to boost climate resilience in four countries

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

    ABIDJAN, Ivory Coast, February 11, 2025/APO Group/ —

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved over $31 million in funding under its African Climate Action Window (CAW) to strengthen climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar.

    The Climate Action Window of the Bank Group’s African Development Fund seeks to mobilize $4 billion by 2025 to provide rapid and coherent access to climate finance, support co-financing, and prioritize the most vulnerable countries, fragile states, and those affected by conflict. The African Development Fund is the concessional arm of the Bank Group.

    The funding, approved in November and December 2024,  will support innovative projects that respond to the CAW’s first call for project proposals. Forty-one pioneering climate adaptation projects valued at $321.75 million have been selected in the initial funding wave, with a focus on tackling climate change, bolstering livelihoods of vulnerable communities, including women and youth, and enhancing climate information systems.

    The projects will also benefit from $28.13 million in climate co-financing from sources including the Green Climate Fund.

    In Sierra Leone, the Freetown WASH and Aquatic Environment Revamping Project will receive $5 million to enhance access to sustainable water, sanitation, and hygiene (WASH) services and introduce modernized hydrometeorological observation networks and early warning systems, benefiting approximately 700,000 people. Another key component of the project is the creation of an interactive flood map for the Freetown Peninsula, a crucial tool for disaster risk reduction.

    In South Sudan, the Climate Resilient Agri-Food Systems Transformation Programme has been allocated $9.4 million to expand climate-adaptive technologies that enhance agricultural productivity and food and nutritional security. The program also has a rehabilitation element focusing on 1200 hectares of land as well as rural infrastructure and will provide training to about 8,000 individuals.

    Among expected benefits are a projected reduction of about 720,000 tonnes of CO2 emissions. and the creation of 180,000 direct jobs with a strong focus on women and youth; additionally, 90,000 farmers will learn about climate-smart farming practices.

    In Djibouti, the Youth Entrepreneurship for Climate Change Adaptation Project will receive $7.5 million to strengthen the resilience of productivity of agricultural systems, particularly for horticulture and pastoralism, including increasing the self-sufficiency rate of selected market garden crops from 10% to 30%. It is also expected to generate about 3,500 permanent jobs, a significant share of these for youth and women, and create 200 new medium small and micro enterprises.

    The Climate Resilience through Park Biodiversity Preservation Project, in Madagascar, has been allocated $9.4 million for investment in conserving biodiversity by protecting Lokobe, Nozy Hara, and Andringitra national parks.

    The project will restore 100% of these protected areas, sequestering 10 million tonnes of CO2, and creating 1,500 green jobs, with 500 specifically reserved for women. In addition to environmental conservation, it will boost agricultural production in surrounding communities to add 24,000 tonnes of rice and 14,000 tonnes of cereals, legumes and other crops. Further, 24,000 farmers will receive irrigation training, and 12 women-led farmers’ groups will be provided with agricultural kits.

    Dr. Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate Change and Green Growth, said: “The Climate Action Window is catalyzing transformative solutions in Africa’s most climate-vulnerable regions. From strengthening water security in Sierra Leone to advancing youth-led agribusiness in Djibouti and restoring biodiversity in Madagascar, these initiatives go beyond adaptation—they drive prosperity. Through investments, we are equipping communities to withstand climate shocks, create jobs, and accelerate inclusive economic growth.”

    Prof Anthony Nyong, the Bank’s Director for Climate Change and Green Growth said, “These initiatives are not just about responding to climate change—they empower communities to take control of their own futures. They show that adaptation finance can and must be directed to those vulnerable communities that need it most. The Climate Action Window is more than just a funding mechanism—it’s a lifeline for communities facing the harsh realities of climate change every day.”

    The CAW has since launched two further calls focusing on mitigation and on technical assistance, respectively.

    For more information about the Climate Action Window, click here (http://apo-opa.co/3WUGQPo).

    MIL OSI Africa –

  • MIL-OSI Submissions: OPEC Fund provides a €50 million loan to accelerate Türkiye’s green transformation

    Source: OPEC Fund for International Development (the OPEC Fund)

    February 11, 2025: The OPEC Fund for International Development (the OPEC Fund) has signed a €50 million loan agreement with the Industrial Development Bank of Türkiye (TSKB) to support investments in renewable energy, energy efficiency, climate adaptation, climate-related equipment production, and circular economy initiatives. 

    The financing, provided through an on-lending arrangement with the Republic of Türkiye’s Ministry of Treasury and Finance, marks the first collaboration between the OPEC Fund and TSKB.

    OPEC Fund President Abdulhamid Alkhalifa said: “This milestone partnership with TSKB underscores our commitment to advancing climate action and sustainable development in Türkiye. By channeling funding into renewable energy, energy efficiency, and climate-resilient industries, we aim to support Türkiye’s transition to a low-emission economy and its net zero target by 2053, while fostering inclusive and green economic growth.”

    TSKB CEO Murat Bilgiç said: “We are delighted to establish our first loan partnership with the OPEC Fund, which will help diversify our sustainable funding sources and support Türkiye’s green transformation. This secured loan aligns with national climate goals and the 2053 Long-Term Climate Strategy, contributing to sustainable development and climate adaptation efforts. We aim for this resource to finance low-emission and resilient economy projects, bringing significant benefits to our country.”

    The OPEC Fund has been a longstanding partner to Türkiye since 1976, supporting projects in key sectors including energy, infrastructure, agriculture and health.

    About the OPEC Fund

    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. 

    The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. 
    The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people.
     Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. 
    To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of about US$225 billion. The OPEC Fund is rated AA+ (Stable Outlook) by Fitch and S&P. Our vision is a world where sustainable development is a reality for all.

    MIL OSI – Submitted News –

  • MIL-OSI: Bitget lists JAILSTOOL adding it to Spot Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 11, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Stool Prisondente ($JAILSTOOL). The memecoin was adopted by Barstool Sports founder David Portnoy. Spot trading will begin on 10 February 2025, 14:00 (UTC), with withdrawals available on 11 February 2025, 10:00 (UTC).

    Stool Prisondente is a community-driven memecoin designed for fun and lighthearted engagement within the crypto ecosystem, celebrating crossovers between internet culture and the unpredictable nature of meme assets. With a focus on community participation and viral momentum, Jailstool embodies the spirit of crypto’s inherent degen culture.

    Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of $JAILSTOOL into Bitget’s portfolio marks a significant step toward expanding its ecosystem, by embracing niche communities and fostering innovation in decentralized economies, further solidifying its role as a gateway to diverse Web3 projects and cultural movements.

    For more details on $JAILSTOOL, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea3c6294-13cb-4c4d-945a-df3941ae416c

    The MIL Network –

  • MIL-OSI: Explore cryptocurrency wealth and get efficient returns every day through BitconeMine cloud mining

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 11, 2025 (GLOBE NEWSWIRE) — BitconeMine, the leading AI-driven cloud mining platform, is making waves in the cryptocurrency industry by offering a limited-time $10 login mining bonus to new users. The initiative aims to lower the barrier to entry for crypto enthusiasts and provide a seamless, cost-effective way to start earning Bitcoin through cloud mining.

    What is Bitcoin Cloud Mining?

    BitconeMine allows users to participate in cryptocurrency mining without owning expensive hardware or dealing with a complex technical setup. By renting mining power from a data center, users can earn Bitcoin with minimal effort and investment.

    Why BitconeMine?

    BitconeMine stands out in the cloud mining industry with its innovative AI technology, ensuring optimized mining operations and consistent returns for investors. With a seven-year track record, BitconeMine continues to provide a secure and stable platform for passive income generation.

    Key Benefits of BitconeMine:

    $10 Login Bonus: New users can start mining immediately and earn a fixed $0.6 per day.
    Transparency: Monitor contracts and earnings in real time via mobile or desktop.
    Security: Investment protection backed by L&G Insurance.
    Scalability: Flexible contracts to suit a variety of investment needs.
    Zero maintenance costs: BitconeMine takes care of all hardware and operational maintenance.
    24/7 customer support: 24/7 assistance for a seamless mining experience.

    How to get started

    Joining BitconeMine is simple. Register on the platform and instantly activate your $10 mining reward. With daily passive income, new users can explore cloud mining without an initial financial commitment.

    1. First register as a BitconeMine user (visit the BitconeMine official website, click on register, and follow the steps to set up your account and password.)

    2. Choose a suitable contract package
    3. Pay the mining contract fee
    4. Wait for daily earnings.

    The bright future of cloud mining

    BitconeMine is committed to innovation and user satisfaction, and continuously enhances its platform to provide industry-leading cloud mining solutions. With strong security measures, transparent operations, and AI-driven efficiency, BitconeMine is poised to redefine the future of cryptocurrency mining.
    Start your crypto mining journey today. Visit https://bitconemine.com/ and claim your $10 sign-on bonus instantly!

    Contact:
    Lily Tanoria
    info@bitconemine.com

    Disclaimer: This press release is provided by BitconeMine. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including potential loss of capital. Readers are strongly advised to conduct their own research and consult a qualified financial advisor before making any investment decision.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0bb1cd16-634a-413d-a8a5-081d7a58ff66

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7b59576d-f683-4cb1-b8d1-6825cb45375e

    The MIL Network –

  • MIL-OSI: Recording of LHV Group’s 11 February investor webinar

    Source: GlobeNewswire (MIL-OSI)

    To give an overview of the 2024 Q4 and 12 month financial results, LHV Group organised an investor meeting webinar on 11 February. An overview of the company’s progress was given by Madis Toomsalu, Chairman of the Management Board of LHV Group and Meelis Paakspuu, CFO of LHV Group.

    The live coverage was followed by 44 participants, the live feed of the presentation was broadcast over Zoom.

    Recording of the investor meeting (in Estonian) is available at: https://www.youtube.com/watch?v=jmt0XVLumrU

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,200 people. As at the end of December, LHV’s banking services are being used by nearly 460,000 clients, the pension funds managed by LHV have 114,000 active clients, and LHV Kindlustus is protecting a total of 170,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee 

    The MIL Network –