NewzIntel.com

Category: Economy

  • MIL-OSI USA: Young Kim Holds Hearing on Breaking China’s Chokehold on Critical Mineral Supply Chains 

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Today, U.S. Representative Young Kim (CA-40), chairwoman of the House Foreign Affairs East Asia and Pacific Subcommittee, delivered opening remarks at a subcommittee hearing titled, “Breaking China’s Chokehold on Critical Mineral Supply Chains.” 

    Watch her remarks HERE or read her opening statement below. 

    Good afternoon and welcome to the East Asia and Pacific Subcommittee’s hearing titled, “Breaking China’s Chokehold on Critical Mineral Supply Chain.” I want to thank our witnesses for joining us this afternoon.  

     Critical minerals—lithium, cobalt, rare earth elements, and others—are the building blocks of modern technology, powering electric vehicles, microchips, and advanced defense systems. Global demand for these minerals is surging, with lithium demand alone growing nearly 30% annually from 2021 to 2024, driven by rising electric vehicle battery production. 

     Yet, the People’s Republic of China or PRC controls 92% of global rare earth element processing and dominates the manufacturing of battery and magnet components. This chokehold, reinforced by China’s tens of billions in global mining investments and tactics like price manipulation and export restrictions, poses a direct threat to the United States and our allies.   

     While the U.S. possesses significant mineral resources, domestic production alone cannot meet the speed or scale of this demand. U.S. mines face high operational costs and significant regulatory burdens. It often takes decades to permit a new mine in America. Moreover, the federal government lacks the financial capacity to fully subsidize the level of investment needed to drive large-scale private sector expansion of domestic production. Relying solely on domestic solutions is insufficient; we need a bold, global strategy to secure resilient, diversified supply chains free from Chinese control. 

    The current geopolitical landscape offers an opportune window to act. Recent developments, such as President Trump’s critical minerals agreement with Ukraine and the U.S.-facilitated peace deal in the Democratic Republic of Congo, open new opportunities to access vital resources. We’ve also seen coordination like the recently announced Quad critical minerals initiative underscore the importance of critical minerals to broader regional engagement. As the administration renegotiates trade relationships, we can strengthen partnerships with allies to build non-Chinese supply chains, enhancing both economic and national security. 

     Today’s hearing will explore these challenges and opportunities. We will examine how to build a proactive global strategy to establish supply chains free from Chinese dominance. Our goal is clear: to ensure the United States and its allies have secure, reliable access to the critical minerals that will define the future of technology and security. I look forward to a productive discussion. 

    MIL OSI USA News –

  • MIL-OSI: BluSky AI, Inc. Selects Data Specialties Inc. (DSI) as Pre-Manufactured Modular Data Center Provider

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City Utah, July 15, 2025 (GLOBE NEWSWIRE) — BluSky AI, Inc., a leader in modular, high-performance AI data infrastructure, proudly announces that it has selected Data Specialties Inc. (DSI) as its official provider for pre-manufactured modular data centers. This strategic partnership marks a key milestone in BluSky AI’s mission to rapidly deploy scalable, energy-efficient AI infrastructure across the United States.

    Headquartered in Buena Park, California, DSI brings over three decades of experience in designing, building, and deploying mission-critical data centers. Known for its expertise in prefabricated and modular data center construction, DSI has a proven track record of delivering complex infrastructure projects for Fortune 500 companies, government agencies, and hyperscale operators. The company’s operations and manufacturing facilities located in Buena Park, California, are uniquely equipped to meet BluSky AI’s aggressive development timelines and high-performance requirements.

    “Partnering with DSI allows us to accelerate deployment of our SkyMod series—our modular, megawatt-class AI data center solution—without compromising on quality, reliability, or scalability,” said Trent D’Ambrosio, CEO of BluSky AI, Inc. “DSI’s engineering precision, modular expertise, and end-to-end delivery capabilities make them an ideal partner as we expand our national footprint.”

    BluSky AI’s SkyMod platform, including the recently unveiled SkyMod One (1.0 MW) and SkyMod XL (1.7 MW), is engineered for rapid deployment and integration with both indoor and outdoor environments. The partnership with DSI enables factory-built, pre-tested modules to be shipped and installed on-site in a fraction of the time compared to traditional construction methods—dramatically accelerating time-to-compute for BluSky customers across industries.

    “We’re excited to work with BluSky AI on their visionary approach to modular AI infrastructure,” said Phil Rafferty, President of Data Specialties Inc. “Their demand for scalable, high-performance data environments aligns perfectly with our capabilities and commitment to excellence.”

    This collaboration supports BluSky AI’s broader goal of exceeding 100 MW of operational modular capacity over the next 24 months, while enabling AI developers, enterprises, and academic institutions to access the compute power they need—where and when they need it.

    About Data Specialties Inc. (DSI)
    Founded in 1991, Data Specialties Inc. is a California-based data center design and construction firm specializing in mission-critical infrastructure. DSI delivers turnkey modular solutions and traditional data center builds, with an emphasis on speed, quality, and reliability. With headquarters and operations in Buena Park , California, DSI serves clients across government, healthcare, finance, education, telecom, and AI sectors.

    Trent D’Ambrosio
    CEO, BluSky AI Inc.
    trentdambrosio@bluskyaidatacenters.com
    www.bluskyaidatacenters.com

    About BluSky AI Inc.
    Headquartered in Salt Lake City, Utah, BluSky AI Inc. delivers modular, rapidly deployable data center infrastructure purpose-built for artificial intelligence. These next-generation, scalable AI Factories provide speed-to-market and energy optimization for entities requiring high-performance infrastructure to support machine learning workloads. BluSky AI empowers small, mid-sized, enterprise, and academic partners from start-up to scale-up to drive innovation without compromise.

    Forward-Looking Statements:

    This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

    BluSky AI Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, except as required by applicable securities legislation.

    The MIL Network –

  • MIL-OSI: Talkdesk expands global network of regional cloud deployments with new UK Regional Cloud

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif. and LONDON, July 15, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today announced its new UK Regional Cloud, a significant addition to its expanding global network of regional cloud deployments, enabling United Kingdom (U.K.) customers to host their Talkdesk platform within the region. The company will showcase its new regional cloud as part of its participation at the NEXT Customer Experience Summit in Manchester, U.K.

    Deploying the Talkdesk platform in the U.K. enables businesses in industries such as banking, retail, healthcare, utilities, and travel and hospitality to comply with their region-specific data privacy requirements. In addition to maintaining data compliance, the Talkdesk UK Regional Cloud enhances voice quality by hosting the platform closer to customers’ on-premises systems and end users. Ultimately, this results in an improved customer experience (CX).

    “The launch of our UK Regional Cloud is a pivotal moment for Talkdesk and for our customers across the United Kingdom,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “This investment reinforces our deep commitment to the U.K. market and our global strategy to provide secure, compliant, and high-performing cloud solutions wherever our customers operate. By addressing critical data residency needs and enhancing voice quality, we are not only unlocking new opportunities for businesses in regulated industries but also ensuring they can deliver exceptional, AI-powered customer experiences with confidence.”

    Talkdesk continues to increase investments across local talent, operations, and partnerships to support U.K. customers like Farfetch, Fortem, Motorway, Wealthify Limited, Travelopia, and Canon.

    This launch is a key component of Talkdesk’s broader strategy to expand regional cloud availability globally, strengthening its value proposition for customers operating in highly regulated industries and regions with stringent data residency requirements. In February 2025, the company added the Australia Regional Cloud to its portfolio.

    About Talkdesk

    Talkdesk® is leading a new era in customer experience with Customer Experience Automation (CXA)—a new category and platform designed to automate the full complexity of modern customer journeys. CXA replaces fragmented, human-coordinated workflows with autonomous, multi-agent AI orchestration that delivers intelligent, scalable, and outcome-focused service across the entire CX lifecycle.

    At the core of CXA is the Talkdesk Data Cloud, which turns transcripts, call recordings, case notes, and customer records from across CRMs and systems of record into real-time, actionable knowledge. This enables AI agents to operate with full context, collaborating seamlessly to resolve complex customer problems with speed, precision, and adaptability.

    Talkdesk CXA supports both cross-industry workflows and industry-specialized use cases in sectors like healthcare, financial services, retail, utilities, travel, and government. With prebuilt AI agents, a virtuous automation cycle (Discover, Build, Orchestrate, Measure), and rapid time-to-value, Talkdesk helps enterprises modernize customer experience without the need for a full rip-and-replace.

    Trusted by global brands and recognized for continuous innovation, Talkdesk empowers organizations to grow revenue, reduce costs, and transform service delivery through coordinated, AI-driven automation. Companies that love their customers use Talkdesk.

    Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network –

  • MIL-OSI Africa: American Tower Corporation (ATC) Nigeria Partners with ProFuturo Foundation to Transform Educational Landscape in Nigeria through Digital Innovation and Technology

    Source: APO

    • The partnership is expected to directly benefit over 5,600 children and educators from 11 schools from three states in the country.
    • This collaboration in Nigeria is a key part of a global partnership between American Tower and ProFuturo Foundation focused on reducing gaps in access, use and quality of educational resources in seven countries in Africa and Latin America.

    ATC Nigeria (www.AmericanTower.com), a leading provider of telecommunications infrastructure, and ProFuturo Foundation, a global initiative for educational innovation through technology, established by the Telefónica Foundation and the “la Caixa” Foundation, are proud to announce their partnership with the Kukah Centre to collaborate under the ProFuturo Program in Nigeria. This collaboration will facilitate the distribution of kits, each one containing a computer, tablets, router, projector, and other essential components, which will enhance digital access and learning opportunities for students.

    Through its Digital Communities program, which provides digitally connected, technology-equipped spaces offering digital literacy and education for youth, financial education and vocational training for adults, and healthcare services, ATC Nigeria believes that this partnership with ProFuturo will reach youths and students across the country.

    The initiative and signing between ATC Nigeria and ProFuturo Foundation, where local authorities were present, underscores the commitment of both organizations to address the educational digital divide. Its goal is to enhance the understanding of vulnerable school contexts to promote innovative teaching practices more effectively and to strengthen the digital transformation of education.

    Pieter Van Der Westhuizen, CEO of ATC Nigeria, praised the initiative, stating: “At ATC Nigeria, we are proud to support this impactful collaboration, which brings digital tools directly into classrooms. Through our collaboration with the ProFuturo Foundation, our Digital Communities program is expanding access to technology and equipping the next generation with the skills they need to thrive in a digital world.”

    Magdalena Brier, General Manager of ProFuturo Foundation, celebrates this agreement that “reinforces the commitment of the two organizations against the digital divide and the education gap. The alliance between ProFuturo Foundation and American Tower is a big step to improve educational opportunities for the most vulnerable. We are very honored with their support for what we have been doing since 2016 and I continually think about each of the teachers, boys and girls who will benefit, because, together, we are going to contribute to transform their lives.”

    Initially focused on 11 schools in three States –Kano, Kebbi and Tarabata– the partnership is expected to directly benefit over 5,600 children and 34 teachers, even in areas with limited connectivity.  By equipping schools with these kits, the initiative aims to bridge educational disparities generated by the digital divide. The kits are designed to enrich the learning experience, support interactive teaching methods, and provide students with access to a wealth of digital educational content.

    Distributed by APO Group on behalf of American Tower Corporation.

    Media Contacts:
    ATC Nigeria:
    Aderonke Adebanjo
    aderonke.adebanjo@americantower.com

    ProFuturo:
    Rafael Cobo
    rafael.cobocobo@telefonica.com
    Mobile: +34 647665488

    About ATC Nigeria:
    ATC Nigeria is a subsidiary of American Tower Corporation, one of the largest global Real Estate Investment Trusts (REITs) and a leading independent owner, operator and developer of multi-tenant communications real estate.

    ATC Nigeria owns and operates over 8,600 telecommunications sites across the country, helping mobile network operators and other telecommunications service providers confidently deliver communications connectivity to consumers throughout Nigeria. For more information, visit: www.AmericanTower.com/en-ng/

    About ProFuturo Foundation:
    ProFuturo Foundation is an initiative of educational innovation with technology launched by Telefónica Foundation and “la Caixa” Foundation to reduce the educational gap in the world by providing quality education to children in vulnerable environments in Latin America, the Caribbean, Africa and Asia. Its intervention model is based on the evidence of impact provided by continuous monitoring processes, studies and evaluations. 

    The ProFuturo program uses innovative teaching methodologies to help teachers and students develop competencies to face the challenges of the 21st century. The program works with other institutions and companies and aims to create a large international network of teachers who teach, learn and share knowledge to achieve, together, a better education in the world. https://ProFuturo.Education/en/

    Media files

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    MIL OSI Africa –

  • MIL-OSI Russia: Just Four Months – Russians Reveal How Long They Are Ready to Live Without a Salary

    Translation. Region: Russian Federal

    Source: Mainfin Bank –

    An important disclaimer is at the bottom of this article.

    How do Russians evaluate the financial “safety cushion”?

    During the survey, 38% of Russians admitted to having no savings – they have no savings, so not receiving a salary in the first month will have a negative impact on their standard of living. The remaining citizens noted that they have a “safety cushion”, savings are enough to live without income:

    13% of Russians – no more than a month; 24% – within two months; another 12% of citizens will be able to hold out for up to six months; 7% of respondents are ready to live on savings for up to a year; only 6% of Russians have savings that will last for a year or more.

    A similar picture was demonstrated by the results of a similar survey conducted a year earlier. Then, 27% of respondents stated that their savings would last up to three months, and 12% – up to six months. The typical portrait of a person with savings was a family man, holding a management position in a large city and having a higher education.

    What has changed in the area of financial literacy among Russians?

    Although almost 40% of Russians do not have savings, the level of economic literacy in the country continues to grow. As the results of the study showed:

    78% of the population control the family budget; 80% of citizens plan income and purchases; about 50% of respondents keep track of their funds.

    “Surveys show that Russians are attentive to money – many plan a budget, control expenses, and keep records,” the expert noted.

    By the way, the literacy level of men is higher than that of women. Representatives of the stronger sex tend to plan expenses for a longer period – from six months: women are more likely to make impulsive purchases. Experts reminded that having a “safety cushion” for 3-6 months is the optimal solution that will allow you to survive a crisis or force majeure.

    12:00 07/15/2025

    Source:

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Africa: United Nations (UN) calls on to stress more control over grain traders

    Source: APO

    The trend towards monopolization of grain trade that exists in the global market today requires the BRICS countries to cooperate in the field of antitrust policy and antitrust legislation. Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre at the Higher School of Economics (www.BRICSCompetition.org), said at the 9th UN Conference on Competition and Consumer Protection in Geneva. 

    “Global companies from the food sector should receive the closest attention from antitrust authorities. We emphasize the importance of ensuring food security and nutrition and mitigating the impacts of acute food price volatility, as well as as abrupt supply crises, including fertilizers shortages. The authority of grain traders is highly similar to that of the organizers of digital ecosystems, the digital giants that have already come under scrutiny by antitrust authorities around the world. Under exceptional circumstances of supply shortages or acute food price spikes affecting a BRICS member, we recognize that cooperation initiatives can facilitate emergency responses and natural disaster management, guided by national priorities and consistent with the World Trade Organization rules. None of these measures should lead to unfair trade practices or violations of international trade norms, as their sole purpose is to support food security and nutrition, including through international solidarity.”, – Ivanov emphasized. 

    “A very telling event has recently taken place – the merger of two major grain traders, Bunge and Viterra. This merger was approved just last week by 31 competition authorities around the world. At the same time, no measures were proposed to limit the influence of these companies on the global value chain – the power that has a huge influence on the global market and the organization of grain trade,” Ivanov said. 

    He noted that regulators in Brazil and China have already raised concerns, such as the issue of price shifting from global to national markets, but no commitments have been established to address these concerns. 

    Anastasia Nesvetailova, Head, Macroeconomic and Development Policies Branch, UNCTAD, emphasized the growing influence of financialization on global food markets. Of particular concern, she noted, is the dominance of the so-called ABCD group — ADM, Bunge, Cargill, and Louis Dreyfus — which effectively controls global agricultural trading. Three of these companies do not disclose sufficient information, rendering the sector highly opaque and poorly regulated. 

    According to Nesvetailova, 70% of transactions on U.S. and European commodity markets today are speculative in nature and disconnected from the real economy. The financial power of commodity traders is increasing, as they evolve into non-bank financial institutions with systemic influence not only on commodity markets but also on global financial stability. Meanwhile, oversight of their operations remains fragmented and ineffective. 

    “The last time such practices had a systemically destructive impact was in 2007, when an expanding web of debt-driven financial obligations operated largely outside regulatory oversight, ultimately leading to the collapse of the banking system in the U.S. and beyond. A similar scenario could unfold again — this time in the commodity trading sector,” warned Nesvetailova. 

    Distributed by APO Group on behalf of BRICS Competition Law and Policy Centre.

    Media files

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    MIL OSI Africa –

  • MIL-OSI Africa: United Nations (UN) calls on to stress more control over grain traders

    Source: APO

    The trend towards monopolization of grain trade that exists in the global market today requires the BRICS countries to cooperate in the field of antitrust policy and antitrust legislation. Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre at the Higher School of Economics (www.BRICSCompetition.org), said at the 9th UN Conference on Competition and Consumer Protection in Geneva. 

    “Global companies from the food sector should receive the closest attention from antitrust authorities. We emphasize the importance of ensuring food security and nutrition and mitigating the impacts of acute food price volatility, as well as as abrupt supply crises, including fertilizers shortages. The authority of grain traders is highly similar to that of the organizers of digital ecosystems, the digital giants that have already come under scrutiny by antitrust authorities around the world. Under exceptional circumstances of supply shortages or acute food price spikes affecting a BRICS member, we recognize that cooperation initiatives can facilitate emergency responses and natural disaster management, guided by national priorities and consistent with the World Trade Organization rules. None of these measures should lead to unfair trade practices or violations of international trade norms, as their sole purpose is to support food security and nutrition, including through international solidarity.”, – Ivanov emphasized. 

    “A very telling event has recently taken place – the merger of two major grain traders, Bunge and Viterra. This merger was approved just last week by 31 competition authorities around the world. At the same time, no measures were proposed to limit the influence of these companies on the global value chain – the power that has a huge influence on the global market and the organization of grain trade,” Ivanov said. 

    He noted that regulators in Brazil and China have already raised concerns, such as the issue of price shifting from global to national markets, but no commitments have been established to address these concerns. 

    Anastasia Nesvetailova, Head, Macroeconomic and Development Policies Branch, UNCTAD, emphasized the growing influence of financialization on global food markets. Of particular concern, she noted, is the dominance of the so-called ABCD group — ADM, Bunge, Cargill, and Louis Dreyfus — which effectively controls global agricultural trading. Three of these companies do not disclose sufficient information, rendering the sector highly opaque and poorly regulated. 

    According to Nesvetailova, 70% of transactions on U.S. and European commodity markets today are speculative in nature and disconnected from the real economy. The financial power of commodity traders is increasing, as they evolve into non-bank financial institutions with systemic influence not only on commodity markets but also on global financial stability. Meanwhile, oversight of their operations remains fragmented and ineffective. 

    “The last time such practices had a systemically destructive impact was in 2007, when an expanding web of debt-driven financial obligations operated largely outside regulatory oversight, ultimately leading to the collapse of the banking system in the U.S. and beyond. A similar scenario could unfold again — this time in the commodity trading sector,” warned Nesvetailova. 

    Distributed by APO Group on behalf of BRICS Competition Law and Policy Centre.

    Media files

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    MIL OSI Africa –

  • MIL-OSI: Fortuna Investments Expands to Midland, Texas, Strengthening Its Footprint in America’s Energy and Innovation Corridor

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, July 15, 2025 (GLOBE NEWSWIRE) — Fortuna Investments, a leading America-first venture capital firm, is proud to announce the expansion of its operations into Midland, Texas, where it will build upon its strategic focus on rare earth elements, space infrastructure, and uranium and nuclear energy. Known for its bold investments in critical, high-growth sectors, Fortuna continues to deepen its national presence—now with a strategic location in the heart of Texas to complement its existing offices in Los Angeles and Miami.

    Midland, long recognized as a hub of American energy production and resilience, reflects the grit, tenacity, and values that define Fortuna’s mission. “The people of Midland embody the same strength and entrepreneurial spirit that drive our firm, so this is a natural next step for us,” said Justus Parmar, Founder and CEO of Fortuna Investments.

    Texas continues to thrive as a pro-business powerhouse—with a culture of entrepreneurship, no state income tax, and a rapidly growing capital markets ecosystem. The recent announcement of a Texas-based stock exchange adds even more momentum to the state’s financial future, offering local investors and companies new platforms for liquidity and capital formation.

    Midland is central to Fortuna’s strategy of investing in American ingenuity and potential. As the Permian Basin’s energy epicenter, the city hosts a deep concentration of independent energy wealth, legacy capital, and long-term investors. These characteristics align seamlessly with Fortuna’s model of disciplined, asset-backed growth investing.

    Fortuna already holds key strategic assets across Texas, including:

    • The PEAK Project — A developing rare earth elements mine vital to securing domestic supply chains.
    • Space Infrastructure — With emerging assets based in Midland’s aerospace corridor.
    • Uranium and Nuclear Holdings — Supporting U.S. energy security and the growing nuclear renaissance.

    “As global markets shift, and the demand for critical materials and energy grows, our presence in Midland positions us to lead from the front,” said Parmar. “We believe this expansion strengthens our ability to drive value and national significance across the sectors we champion.”

    Fortuna’s Midland office will be located at 223 W. Wall Street, STE 200 in Midland. Oscar Garcia has been brought on in the role of Business Development and Corporate Strategy Lead to head the local team.

    For more information, visit https://investfortuna.com or email deals@investfortuna.com.

    About Fortuna Investments

    Founded in 2015 by Justus Parmar, Fortuna Investments is a private investment firm that develops long-term partnerships with change-making entrepreneurs in emerging industries. Fortuna specializes in venture capital investments and has led and advised on over $1 billion in transactions since its founding.

    Fortuna’s investments are concentrated in several high-growth sectors, including aerospace and defense, rare earth elements, uranium mining and nuclear technology, electronic waste refining, and robotics. The firm routinely invests for the long term and takes an active operating role.

    In 2020, the firm’s leadership group launched the Fortuna Foundation, an independent charitable organization that supports initiatives dedicated to promoting mental health, education, financial literacy and other community organizations in need.

    More information can be found at https://investfortuna.com/. Follow Justus Parmar on LinkedIn, X, and Instagram.

    Media Contact:

    Will Butler
    fortuna@dlpr.com

    The MIL Network –

  • MIL-OSI: Fortuna Investments Expands to Midland, Texas, Strengthening Its Footprint in America’s Energy and Innovation Corridor

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, July 15, 2025 (GLOBE NEWSWIRE) — Fortuna Investments, a leading America-first venture capital firm, is proud to announce the expansion of its operations into Midland, Texas, where it will build upon its strategic focus on rare earth elements, space infrastructure, and uranium and nuclear energy. Known for its bold investments in critical, high-growth sectors, Fortuna continues to deepen its national presence—now with a strategic location in the heart of Texas to complement its existing offices in Los Angeles and Miami.

    Midland, long recognized as a hub of American energy production and resilience, reflects the grit, tenacity, and values that define Fortuna’s mission. “The people of Midland embody the same strength and entrepreneurial spirit that drive our firm, so this is a natural next step for us,” said Justus Parmar, Founder and CEO of Fortuna Investments.

    Texas continues to thrive as a pro-business powerhouse—with a culture of entrepreneurship, no state income tax, and a rapidly growing capital markets ecosystem. The recent announcement of a Texas-based stock exchange adds even more momentum to the state’s financial future, offering local investors and companies new platforms for liquidity and capital formation.

    Midland is central to Fortuna’s strategy of investing in American ingenuity and potential. As the Permian Basin’s energy epicenter, the city hosts a deep concentration of independent energy wealth, legacy capital, and long-term investors. These characteristics align seamlessly with Fortuna’s model of disciplined, asset-backed growth investing.

    Fortuna already holds key strategic assets across Texas, including:

    • The PEAK Project — A developing rare earth elements mine vital to securing domestic supply chains.
    • Space Infrastructure — With emerging assets based in Midland’s aerospace corridor.
    • Uranium and Nuclear Holdings — Supporting U.S. energy security and the growing nuclear renaissance.

    “As global markets shift, and the demand for critical materials and energy grows, our presence in Midland positions us to lead from the front,” said Parmar. “We believe this expansion strengthens our ability to drive value and national significance across the sectors we champion.”

    Fortuna’s Midland office will be located at 223 W. Wall Street, STE 200 in Midland. Oscar Garcia has been brought on in the role of Business Development and Corporate Strategy Lead to head the local team.

    For more information, visit https://investfortuna.com or email deals@investfortuna.com.

    About Fortuna Investments

    Founded in 2015 by Justus Parmar, Fortuna Investments is a private investment firm that develops long-term partnerships with change-making entrepreneurs in emerging industries. Fortuna specializes in venture capital investments and has led and advised on over $1 billion in transactions since its founding.

    Fortuna’s investments are concentrated in several high-growth sectors, including aerospace and defense, rare earth elements, uranium mining and nuclear technology, electronic waste refining, and robotics. The firm routinely invests for the long term and takes an active operating role.

    In 2020, the firm’s leadership group launched the Fortuna Foundation, an independent charitable organization that supports initiatives dedicated to promoting mental health, education, financial literacy and other community organizations in need.

    More information can be found at https://investfortuna.com/. Follow Justus Parmar on LinkedIn, X, and Instagram.

    Media Contact:

    Will Butler
    fortuna@dlpr.com

    The MIL Network –

  • MIL-OSI: Fortuna Investments Expands to Midland, Texas, Strengthening Its Footprint in America’s Energy and Innovation Corridor

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, July 15, 2025 (GLOBE NEWSWIRE) — Fortuna Investments, a leading America-first venture capital firm, is proud to announce the expansion of its operations into Midland, Texas, where it will build upon its strategic focus on rare earth elements, space infrastructure, and uranium and nuclear energy. Known for its bold investments in critical, high-growth sectors, Fortuna continues to deepen its national presence—now with a strategic location in the heart of Texas to complement its existing offices in Los Angeles and Miami.

    Midland, long recognized as a hub of American energy production and resilience, reflects the grit, tenacity, and values that define Fortuna’s mission. “The people of Midland embody the same strength and entrepreneurial spirit that drive our firm, so this is a natural next step for us,” said Justus Parmar, Founder and CEO of Fortuna Investments.

    Texas continues to thrive as a pro-business powerhouse—with a culture of entrepreneurship, no state income tax, and a rapidly growing capital markets ecosystem. The recent announcement of a Texas-based stock exchange adds even more momentum to the state’s financial future, offering local investors and companies new platforms for liquidity and capital formation.

    Midland is central to Fortuna’s strategy of investing in American ingenuity and potential. As the Permian Basin’s energy epicenter, the city hosts a deep concentration of independent energy wealth, legacy capital, and long-term investors. These characteristics align seamlessly with Fortuna’s model of disciplined, asset-backed growth investing.

    Fortuna already holds key strategic assets across Texas, including:

    • The PEAK Project — A developing rare earth elements mine vital to securing domestic supply chains.
    • Space Infrastructure — With emerging assets based in Midland’s aerospace corridor.
    • Uranium and Nuclear Holdings — Supporting U.S. energy security and the growing nuclear renaissance.

    “As global markets shift, and the demand for critical materials and energy grows, our presence in Midland positions us to lead from the front,” said Parmar. “We believe this expansion strengthens our ability to drive value and national significance across the sectors we champion.”

    Fortuna’s Midland office will be located at 223 W. Wall Street, STE 200 in Midland. Oscar Garcia has been brought on in the role of Business Development and Corporate Strategy Lead to head the local team.

    For more information, visit https://investfortuna.com or email deals@investfortuna.com.

    About Fortuna Investments

    Founded in 2015 by Justus Parmar, Fortuna Investments is a private investment firm that develops long-term partnerships with change-making entrepreneurs in emerging industries. Fortuna specializes in venture capital investments and has led and advised on over $1 billion in transactions since its founding.

    Fortuna’s investments are concentrated in several high-growth sectors, including aerospace and defense, rare earth elements, uranium mining and nuclear technology, electronic waste refining, and robotics. The firm routinely invests for the long term and takes an active operating role.

    In 2020, the firm’s leadership group launched the Fortuna Foundation, an independent charitable organization that supports initiatives dedicated to promoting mental health, education, financial literacy and other community organizations in need.

    More information can be found at https://investfortuna.com/. Follow Justus Parmar on LinkedIn, X, and Instagram.

    Media Contact:

    Will Butler
    fortuna@dlpr.com

    The MIL Network –

  • MIL-OSI: Fortuna Investments Expands to Midland, Texas, Strengthening Its Footprint in America’s Energy and Innovation Corridor

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, July 15, 2025 (GLOBE NEWSWIRE) — Fortuna Investments, a leading America-first venture capital firm, is proud to announce the expansion of its operations into Midland, Texas, where it will build upon its strategic focus on rare earth elements, space infrastructure, and uranium and nuclear energy. Known for its bold investments in critical, high-growth sectors, Fortuna continues to deepen its national presence—now with a strategic location in the heart of Texas to complement its existing offices in Los Angeles and Miami.

    Midland, long recognized as a hub of American energy production and resilience, reflects the grit, tenacity, and values that define Fortuna’s mission. “The people of Midland embody the same strength and entrepreneurial spirit that drive our firm, so this is a natural next step for us,” said Justus Parmar, Founder and CEO of Fortuna Investments.

    Texas continues to thrive as a pro-business powerhouse—with a culture of entrepreneurship, no state income tax, and a rapidly growing capital markets ecosystem. The recent announcement of a Texas-based stock exchange adds even more momentum to the state’s financial future, offering local investors and companies new platforms for liquidity and capital formation.

    Midland is central to Fortuna’s strategy of investing in American ingenuity and potential. As the Permian Basin’s energy epicenter, the city hosts a deep concentration of independent energy wealth, legacy capital, and long-term investors. These characteristics align seamlessly with Fortuna’s model of disciplined, asset-backed growth investing.

    Fortuna already holds key strategic assets across Texas, including:

    • The PEAK Project — A developing rare earth elements mine vital to securing domestic supply chains.
    • Space Infrastructure — With emerging assets based in Midland’s aerospace corridor.
    • Uranium and Nuclear Holdings — Supporting U.S. energy security and the growing nuclear renaissance.

    “As global markets shift, and the demand for critical materials and energy grows, our presence in Midland positions us to lead from the front,” said Parmar. “We believe this expansion strengthens our ability to drive value and national significance across the sectors we champion.”

    Fortuna’s Midland office will be located at 223 W. Wall Street, STE 200 in Midland. Oscar Garcia has been brought on in the role of Business Development and Corporate Strategy Lead to head the local team.

    For more information, visit https://investfortuna.com or email deals@investfortuna.com.

    About Fortuna Investments

    Founded in 2015 by Justus Parmar, Fortuna Investments is a private investment firm that develops long-term partnerships with change-making entrepreneurs in emerging industries. Fortuna specializes in venture capital investments and has led and advised on over $1 billion in transactions since its founding.

    Fortuna’s investments are concentrated in several high-growth sectors, including aerospace and defense, rare earth elements, uranium mining and nuclear technology, electronic waste refining, and robotics. The firm routinely invests for the long term and takes an active operating role.

    In 2020, the firm’s leadership group launched the Fortuna Foundation, an independent charitable organization that supports initiatives dedicated to promoting mental health, education, financial literacy and other community organizations in need.

    More information can be found at https://investfortuna.com/. Follow Justus Parmar on LinkedIn, X, and Instagram.

    Media Contact:

    Will Butler
    fortuna@dlpr.com

    The MIL Network –

  • MIL-OSI: AI Prop Announces Sponsorship of Forex Expo Dubai 2025

    Source: GlobeNewswire (MIL-OSI)

    Dubai, UAE, July 15, 2025 (GLOBE NEWSWIRE) — AI Prop, a global leader in AI-driven proprietary trading solutions, announces its official sponsorship of Forex Expo Dubai 2025, taking place October 6–7 at the Dubai World Trade Centre. Recognized as one of the most prominent gatherings in the forex and financial trading sector, the event draws thousands of traders, brokers, and financial professionals from around the world. As an official sponsor, AI Prop will highlight its trader funding program and AI-enhanced trading tools designed to support performance-driven trading without personal capital risk.

    Forex Expo Dubai is one of the world’s premier events for forex and financial trading professionals, attracting tens of thousands of traders, investors, brokers, and industry experts globally. As the official sponsor, AI Prop will present its unique funding program and state-of-the-art AI trading systems designed to empower traders to achieve exceptional results.

    At booth 198, attendees will have the exclusive opportunity to:

    • Explore AI Prop’s unique funding program that offers traders capital up to 5 million USD, the highest funding level in the prop trading industry today. This flexible capital allocation enables traders to scale their trading strategies without risking personal funds.
    • Learn about AI Prop’s cutting-edge AI system that significantly boosts trader profits while limiting losses. For example, many traders using AI Prop’s AI Coach and AI Trading Bots have reported profit increases of over 40% and drawdown reductions by up to 25%, demonstrating the tangible impact of AI-driven trading support.
    • Meet AI Prop’s top traders in person, including those who have successfully passed the firm’s rigorous evaluation program in as little as 15 days and are now trading live with funded accounts. These traders will share their experiences and insights on how AI Prop’s technology and funding model accelerate their trading careers.

    AI Prop’s sponsorship underscores its commitment to revolutionizing the prop trading landscape by combining transparent blockchain-based payouts, flexible capital funding, and intelligent AI coaching. Backed by Coinstrat Pro, a leading multi-asset hybrid broker, AI Prop offers access to diverse markets including forex, cryptocurrencies, commodities, stocks, and indices.

    “We are thrilled to be the official sponsor of Forex Expo Dubai 2025,” said AI Prop Official. “This event is a perfect platform to showcase how our AI-powered funding solutions are transforming traders’ lives worldwide. We invite all attendees to visit booth 198 to experience firsthand the future of prop trading.”

    ABOUT AI PROP

    AI Prop is the world’s top Prop Trading Firm integrating Artificial Intelligence (AI) and blockchain technology to provide capital funding up to $5 million USD and advanced trading tools to traders globally. With a vision to become the most innovative prop firm, AI Prop empowers traders across multiple asset classes through AI coaching and transparent payout systems.

    The MIL Network –

  • MIL-OSI: AI Prop Announces Sponsorship of Forex Expo Dubai 2025

    Source: GlobeNewswire (MIL-OSI)

    Dubai, UAE, July 15, 2025 (GLOBE NEWSWIRE) — AI Prop, a global leader in AI-driven proprietary trading solutions, announces its official sponsorship of Forex Expo Dubai 2025, taking place October 6–7 at the Dubai World Trade Centre. Recognized as one of the most prominent gatherings in the forex and financial trading sector, the event draws thousands of traders, brokers, and financial professionals from around the world. As an official sponsor, AI Prop will highlight its trader funding program and AI-enhanced trading tools designed to support performance-driven trading without personal capital risk.

    Forex Expo Dubai is one of the world’s premier events for forex and financial trading professionals, attracting tens of thousands of traders, investors, brokers, and industry experts globally. As the official sponsor, AI Prop will present its unique funding program and state-of-the-art AI trading systems designed to empower traders to achieve exceptional results.

    At booth 198, attendees will have the exclusive opportunity to:

    • Explore AI Prop’s unique funding program that offers traders capital up to 5 million USD, the highest funding level in the prop trading industry today. This flexible capital allocation enables traders to scale their trading strategies without risking personal funds.
    • Learn about AI Prop’s cutting-edge AI system that significantly boosts trader profits while limiting losses. For example, many traders using AI Prop’s AI Coach and AI Trading Bots have reported profit increases of over 40% and drawdown reductions by up to 25%, demonstrating the tangible impact of AI-driven trading support.
    • Meet AI Prop’s top traders in person, including those who have successfully passed the firm’s rigorous evaluation program in as little as 15 days and are now trading live with funded accounts. These traders will share their experiences and insights on how AI Prop’s technology and funding model accelerate their trading careers.

    AI Prop’s sponsorship underscores its commitment to revolutionizing the prop trading landscape by combining transparent blockchain-based payouts, flexible capital funding, and intelligent AI coaching. Backed by Coinstrat Pro, a leading multi-asset hybrid broker, AI Prop offers access to diverse markets including forex, cryptocurrencies, commodities, stocks, and indices.

    “We are thrilled to be the official sponsor of Forex Expo Dubai 2025,” said AI Prop Official. “This event is a perfect platform to showcase how our AI-powered funding solutions are transforming traders’ lives worldwide. We invite all attendees to visit booth 198 to experience firsthand the future of prop trading.”

    ABOUT AI PROP

    AI Prop is the world’s top Prop Trading Firm integrating Artificial Intelligence (AI) and blockchain technology to provide capital funding up to $5 million USD and advanced trading tools to traders globally. With a vision to become the most innovative prop firm, AI Prop empowers traders across multiple asset classes through AI coaching and transparent payout systems.

    The MIL Network –

  • MIL-OSI Africa: South Africa: Cooperative Governance and Traditional Affairs (COGTA) Committee Mobilises Joint Oversight to Tackle Municipal Audit Failures

    Source: APO


    .

    The Portfolio Committee on Cooperative Governance and Traditional Affairs (COGTA), together with the Standing Committee on the Auditor-General, the Standing Committee on Public Accounts (SCOPA), and other relevant parliamentary oversight committees, have committed to a coordinated approach to municipal oversight.

    This follows the alarming municipal audit outcomes that the Office of the Auditor-General (AG) reported to the committee earlier this year.

    During the committee meeting this morning, the Chairperson, Dr Zweli Mkhize, expressed deep concern at the lack of progress in municipal finances. The audit outcomes for local government for the 2023/24 financial year showed that only 16% of 257 municipalities achieved clean audits, while the rest either regressed or remained stagnant, with audit opinions ranging from qualified to disclaimers or non-submissions. When she presented the audit outcomes to the committee earlier this year, the AG noted that, despite having exercised all available remedial powers under the amended Public Audit Act, the audit outcomes remained largely unimproved.

    In response to this, Dr Mkhize said that the committee will adopt a revised and more collaborative oversight model with a focus on intergovernmental accountability. Based on this new model, the committee will, with relevant oversight committees, conduct joint visits to provinces and municipalities, beginning with the Free State on 24 and 25 July. Oversight visits to the North West and Eastern Cape will then follow. According to the Chairperson, the committee wants to avoid duplication, promote institutional coherence and ensure that every sphere of government accounts for its constitutional responsibilities through this collaboration.

    During these oversight visits, Members of Parliament will engage with Premiers, Speakers of the provincial legislatures, Members of Executive Councils (MECs), municipal mayors, Speakers of municipal councils, and accounting officers. Provincial legislatures will also be involved in the process. “The purpose of this,” the Chairperson said, “is to evaluate the systemic causes behind repeat audit failures and to demand clear responses on what corrective actions have been taken and what measures are in place to prevent further regression.” The focus is on accountability and ensuring that there are consequences to prevent repeat offenders, the Chairperson said, adding that this will help improve governance and ensure effective service delivery.

    He said the committees would pay particular attention to repeat disclaimer audit opinions, the poor quality of financial statements, overreliance on consultants without any tangible improvement, and persistent irregular expenditure. Unfunded budgets, non-functional internal audit units and poor contract management will also come under the spotlight.

    Dr Mkhize confirmed that the committee sought legal clarity about coordinating oversight across spheres of government. He said the committee solicited several legal opinions to ensure the planned oversight is rooted in the principles of cooperative governance with due regard for the autonomy of each sphere of government. The Chairperson said the committee is satisfied that the oversight plan now aligns with constitutional provisions.

    “This new approach,” he said, “reflects Parliament’s commitment to proactively preventing dysfunction rather than reacting to failures. It is designed to hold not only municipalities accountable but also provincial governments, which are constitutionally obligated under Section 154 of the Constitution to support and monitor local government. Premiers and MECs will therefore be asked to account for how they have fulfilled their oversight roles, particularly in cases where municipalities have consistently underperformed.”

    The Chairperson said this joint oversight model is an institutional response to the Auditor-General’s earlier call for decisive intervention and her letter to the Speaker of the National Assembly. “The Office of the Auditor-General should not be placed in a position where it is compelled to perform administrative duties, such as correcting municipal submissions,” he said. “The AG’s function is to provide independent audit outcomes, not to compensate for governance failures.”

    Dr Mkhize reiterated the importance of this new collaborative oversight approach and said it is an important shift from fragmented accountability to a much-needed collective responsibility. “We intend for this model to serve not only as a corrective measure but also as a blueprint for systemic reform and to ensure that audit reports reflect tangible improvements in governance and service delivery at the municipal level,” he said.

    Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Mayor launches new £12m Green Roots Fund to boost capital’s green and blue spaces

    Source: Mayor of London

    • Mayor launches new fund at the start of London Climate Action Week – the largest city-wide climate event in Europe
    • London will stage more than 700 events across the week to accelerate global climate action, showcasing how London is a global climate leader
    • More than 45,000 people to come to London to take part in events
    • Sadiq urges community groups, boroughs and stakeholders to apply for up to £500,000 – to green neighbourhoods, rewild communities and clean local rivers

    The Mayor of London, Sadiq Khan, is starting London Climate Action Week with the launch of a new Green Roots Fund, which will invest more than £12 million to make neighbourhoods across the capital greener, healthier and more climate resilient.

    The new fund, which sees Sadiq deliver on his 2024 Election Manifesto pledge, will support the creation and improvement of London’s green and blue spaces, such as parks, community gardens, wetlands and rivers. This includes projects that will restore habitats for nature to thrive and could reintroduce lost species.

    Research shows that those from Black, Asian or minority ethnic communities are more than twice as likely to live in an area deprived of green space [1], while more than one in five households in London have no access to a garden. [2] The new fund will tackle this social injustice, empowering communities with the opportunity to increase their access to green and blue spaces.

    The new £12 million fund will award grants ranging from £10,000 to £500,000 over the next three years to community groups, boroughs and stakeholders to pay for trees, wildflower meadows, parklets and waterway improvements.

    The launch comes at the start of London Climate Action Week, which is taking place this week (21-29 June) and is the largest city-wide climate event in Europe.

    Now in its seventh year, London Climate Action Week hosts more than 700 in-person and virtual events (double the number of events from last year) and attracts more than 45,000 people to the capital. It mobilises London’s unparalleled array of organisations committed to accelerating global climate action, showcasing how London is a global climate leader.

    Sadiq has led the way and after he launched the world’s first 24-hour Ultra Low Emission Zone (ULEZ) and expanded it to cover the whole capital in 2023, ULEZ is now the largest clean air zone in the world. It covers every borough of London, helping the capital’s almost ten million residents breathe cleaner air. It has been crucial to protect the health of Londoners, support children’s lung growth, and reduce the risk of people developing asthma, lung cancer and a host of other health issues related to air pollution. [3]

    City Hall is involved in a number of events for London Climate Action Week. This includes: 

    1. A seeds giveaway, today (23 June) to encourage Londoners to create habitats and food sources to benefit nature. A total of 12,000 seed packets will be handed out by volunteers at 12 stations in areas that have less access to green space.*
    2. A week of discussions at Goals House which will feature the Mayor and explore topics including sustainable cities, design and creativity and the impact of businesses on biodiversity and the loss of nature.
    3. A Climate Innovation Forum in Central London that will see the Mayor discuss pioneering green initiatives with international leaders across government and business.
    4. The inaugural London Climate Action Week Youth Summit at ZSL, which will bring together over 150 young changemakers to explore how young Londoners can take climate and nature action in the city

    Since he took office in 2016, the Mayor has transformed London’s natural spaces, improving and creating over 900 hectares of green space – equivalent to more than 2,000 football pitches. He has restored 3.7km of river, creating habitat for wildlife to flourish.

    Through his Grow Back Greener Fund, the Mayor has already awarded over £4 million to 135 community-led projects, supporting Londoners to create and improve over 30 hectares of green space (1,140 tennis courts) and plant over 25,000 trees. [4]

    Since taking office in 2016, Sadiq’s initiatives have led to the planting of over 600,000 trees across London (including two new woodlands), totalling 85 hectares of tree-filled green spaces for everyone to enjoy. [5]

    In addition, the Mayor has invested over £2.5 million since 2021 through his Rewild London Fund, into projects that have supported the restoration and rewilding of London’s most valuable places for nature. [6]

    Mayor of London, Sadiq Khan, said: “I am delighted to launch my new Green Roots Fund to deliver spaces across our capital that are greener, healthier and more climate resilient.

    “I want to encourage all community groups to get involved in helping to transform our neighbourhoods and ensure that all Londoners can benefit from nature.

    “I am thrilled to be announcing this new investment during London Climate Action Week as our capital delivers the largest city-wide climate event in Europe.

    “The benefits of nature should be for everyone and I am committed to making this a reality for all Londoners, as we continue to build a greener and fairer London for everyone.”

    Deputy Mayor for Environment and Energy, Mete Coban, said: “London Climate Action Week provides a platform to showcase our capital as a global climate leader.  

    “It is fantastic Sadiq is delivering on his Manifesto pledge this week to launch London’s Green Roots Fund and kickstart a series of over 700 events across our capital over the coming days.

    “I urge Londoners to get involved in the many in person and virtual events across the coming days as the Mayor and I work to deliver more natural spaces in our city that are accessible to all.”

    London Climate Action Week Founder and Chair Nick Mabey said: “London Climate Action Week 2025 is more than double the size of last year and attracting even greater international participation.

    “This shows the depth of London’s climate solutions sector whether in finance, clean tech or fashion and the enthusiasm of Londoners to be part of climate action.

    “This energy across the whole of society shows how divorced the current elite political discussion on net zero is from economic and grassroots reality.”

    Friends of Mostyn Garden Project / Muslim Women of Merton Co-ordinator Neaz Ahmed said: “The Mayor’s Grow Back Greener Fund enabled us to tackle social injustice and empower communities with the opportunity to increase their access to green and blue spaces.

    “We worked with volunteer women from the local community to make a piece of derelict land useable and a focus for the community,  including the Tranquil Corner where we meet in peace and tranquillity. It has now attracted further funds to clear up and establish seating and paths.”

    London Wildlife Trust Director of Nature Recovery, Sam Davenport, said: “We’re in the midst of an ecological emergency, and now more than ever, nature needs all of us.

    “As proud partners of the Mayor’s Rewild London Fund, we’ve seen the inspiring results that come from empowering London’s communities to act for wildlife.

    “This renewed commitment to nature recovery from the Mayor is a welcome next step toward a greener, wilder, and more resilient London.”

    National Park City Foundation and London National Park City Chair Navdeep Deol said: “With the support of the Mayor’s team we have been able to deliver vital and timely microgrants to a number of our National Park City Ranger projects, so that they can focus on their important work to make London greener, wilder and healthier and support communities across the capital.

    “The programme strengthens capacity and resilience within the voluntary sector in a way that is both equitable and scalable without the complexity of traditional funding models. The Green Roots Fund creates new opportunities to kick-start and grow new community led and grassroots action right across London.” 

    Wildlife Gardeners of Haggerston Chair, Gideon Corby, said: “Receiving the Mayor of London’s Grow Back Greener and Rewild London funding allowed us to do so much work on Hackney Marshes and along the Old Lea River.

    “We have worked hard to increase the chances for wildlife to thrive; removing problematic plants and reintroducing reedbeds, returning the natural complexity of flow to the river and building refugia to allow wood mice, field vole and shrew populations.

    “GLA funding gave us local people the chance, and privilege, to do work we are immensely proud of and we’d do it all again!”

    MIL OSI United Kingdom –

  • MIL-OSI USA: Baldwin, Ernst Introduce Bipartisan Bill to Expand Access to Mental Health Care for Farmers, Rural Communities

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI) and Joni Ernst (R-IA) introduced the Farmers First Act of 2025, bipartisan legislation to address the mental health epidemic in rural America and expand access to critical mental health care for our nation’s agricultural communities. The legislation would increase support for the Farm and Ranch Stress Assistance Network (FRSAN), which Senators Baldwin and Senator Ernst successfully included in the 2018 Farm Bill.
    “Wisconsin’s farmers and ranchers work hard every day to keep their businesses running and our Made in Wisconsin agricultural economy moving forward. But too often, the stress, isolation, and physical demands of this job leave them with nowhere to turn when it all gets to be too much,” said Senator Baldwin. “I’m working to make sure our farmers and rural communities have the resources they need because no one should have to fight these battles alone.”
    “Iowa farmers work tirelessly from sunrise to sundown – rain or shine – to feed and fuel the world. Their work isn’t easy, and mental health issues, including suicide, are too common in our agriculture community, which is why I’m working to ensure farmers have better access to mental health resources,” said Senator Ernst.
    The Farmers First Act would reauthorize the FRSAN, a program that connects farmers, ranchers, and other agriculture workers to stress assistance programs and resources. Through FRSAN, state departments of agriculture, state extension services, and non-profits receive funding to establish helplines, provide suicide prevention training for farm advocates, and create support groups for farmers and farm workers. The Farmers First Act would increase funding for the program, authorizing $15 million per year for the program for the next five years, up from $10 million and allowing grantees to hire additional staff to support farmers, including behavioral health specialists to provide counseling to agricultural workers, and bolstering grantees’ efforts to address the unique needs of different farming populations, including Veteran farmers and farmers of color.
    The Senators are introducing the bill as suicide, mental health challenges, and stress are on the rise in agricultural and rural communities. Farmers are 3.5 times more likely to die by suicide than the general population, according to the National Rural Health Association. Four regional centers established through FRSAN are currently increasing access to farm stress services, including expanding access to hotlines, training Americans in rural areas to recognize the signs of depression, anxiety, or suicidal ideation, and creating support groups for farmworkers.
    In addition to Senators Baldwin and Ernst, the Farmers First Act of 2025 is co-sponsored in the Senate by Senators John Boozman (R-AR), Tina Smith (D-MN), and Susan Collins (R-ME). The bill was also introduced in the U.S. House by Representatives Randy Feenstra (R-IA-04) and Angie Craig (D-MN-02).
    The Farmers First Act is endorsed by National Farmers Union, National Rural Health Association, National Milk Producers Federation, Agriculture Retailers Association, The National Council, FarmFirst Dairy Cooperative, Organic Trade Association, American Psychological Association Services, NCBA CLUSA, Farm Credit Council, National Association of State Departments of Agriculture, Organic Farmers Association, National Pork Producers Council, American Soybean Association, Midwest Dairy Coalition, Farm Aid, National Association of Wheat Growers, National Corn Growers Association, Northeast Organic Dairy Producers Alliance, Sustainable Food Policy Alliance, National Sustainable Agriculture Coalition, National Organic Coalition, Farmer Veteran Coalition, and American Farm Bureau Federation.
    “From trade uncertainty to labor shortages and natural disasters, many stressors are weighing heavily on the minds of farmers and ranchers. Resources supported through the Farm and Ranch Stress Assistance Network are more critical now than at any time in recent memory. Farm Bureau appreciates Representatives Craig and Feenstra, as well as Senators Baldwin and Ernst for their tireless commitment to supporting farmer and rancher mental health across the country,” said Sam Kieffer, Vice President, Public Policy, American Farm Bureau Federation.
    “Farming can be incredibly stressful, and too many rural communities still don’t have the mental health support they need,” said National Farmers Union President Rob Larew. “The Farmers First Act will help get essential resources to farmers who are struggling. We thank Senators Baldwin and Ernst and Representatives Feenstra and Craig for leading the charge and urge Congress to reauthorize FRSAN with increased funding.”
    “FarmFirst Dairy Cooperative is extremely appreciative of the work of Senator Tammy Baldwin, as well as others, in addressing the mounting mental health and wellness challenges facing our nations farmers. There are so many variables out of the control of the farmers that work hard to supply multiple facets to consumers. Volatility of markets, weather, regulations, and numerous other things out of their control and then add the lack of rural resources, makes this very important part of our world feeling vulnerable and alone. The Farmers First Act would make the access to resources easier and more financially viable for our nations farmers,” said the FarmFirst Dairy Cooperative.
    “The Farmer Veteran Coalition strongly supports the reauthorization of the Farmers First Act. Expanding and strengthening the Farm and Ranch Stress Assistance Network is essential to ensuring farmers, ranchers have access to the mental health resources they need to thrive. We commend Representatives Feenstra and Craig, as well as Senators Baldwin and Ernst, for their bipartisan leadership in prioritizing the well-being of those who feed our nation. This bill will provide critical support for agricultural producers facing stress, isolation, and mental health challenges, and we urge swift passage this Congress,” said Jeanette Lombardo, CEO, Farmer Veteran Coalition.
    “Farmers are daily facing the changing and unpredictable weather patterns that can devastate the best laid plans. They must deal with rising cost of inputs, uncertainty about trade, uncertainty about support services, uncertainty about the role of the USDA and managing difficult financial decisions against a backdrop of uncertainty around the domestic economy. Organic dairy farmers care for the environment, care for their livestock and for the health and welfare of their family and their customers every day. Dairy farming is many times a solitary occupation and farmers need access to all the resources possible to deal with the stress and uncertainty in their lives. We wholeheartedly support the Farmers First Act and all the assistance it can provide to care for our farm families,” said Ed Maltby, Executive Director of the Northeast Organic Dairy Producers Alliance.
    “Farming and the financial insecurity associated with farming can be very stressful. Farmers dealing with stress-related mental health challenges often feel stigmatized if they seek help, which only compounds the problem. We applaud Representatives Feenstra (R-IA) and Craig (D-MN) and Senators Baldwin (D-WI) and Ernst (R-IA) for their bipartisan leadership in introducing the Farmers First Act to increase resources available to farmers and rural communities to address mental health challenges,” said Steve Etka, Policy Director, Midwest Dairy Coalition.
    “Ensuring sufficient access to evidence-based mental health services continues to be a challenge in many rural and agricultural communities, in many cases a challenge that has endured over generations,” said Arthur C. Evans Jr., CEO of the American Psychological Association Services, Inc. (APA Services). “The Farm and Ranch Stress Assistance Network program continues to be a lifeline to many of these communities. APA Services applauds Representatives Feenstra and Craig and Senators Baldwin and Ernst for their efforts to ensure adequate mental health resources in rural communities, and we ask Congress to swiftly enact the Farmers First Act.”
    “Farmers and ranchers across the United States face unique and extreme stresses in their work to feed, fuel, and clothe the world. NASDA applauds the bipartisan Farmers First Act, which bolsters access to critical mental health resources through the Farm and Ranch Stress Assistance Network. State departments of agriculture play an important role in coordinating FRSAN operations and NASDA looks forward to continuing to support these invaluable activities,” said NASDA CEO, Ted McKinney.
    “Farming is a stressful job, even in good times, and rural residents often face unique barriers to seeking mental health care,” said Christy Seyfert, Farm Credit Council president and CEO. “FRSAN brings valuable stress assistance services and expertise to the farm and ranch communities most in need of resources. Farm Credit commends Ranking Member Craig, Representative Feenstra, and Senators Baldwin and Ernst for their leadership on the Farmers First Act.”
    “Farmers face incredible stressors in their day-to-day work and often feel as though the weight of the world rests on their shoulders as they navigate tough times while maintaining farms that have been passed down through multiple generations of family members,” said Kenneth Hartman Jr, National Corn Growers Association President. “Yet, they often find it hard to access the mental health tools they need to cope with these challenges. That’s why we are deeply appreciating for the sponsors of this legislation for working to extend mental health resources to growers through this important legislation.”
    “The Farm and Ranch Stress Assistance Network helps provide essential support to our nation’s producers,” said Doug O’Brien, President and CEO of the National Cooperative Business Association. “The National Cooperative Business Association applauds the bipartisan leadership to increase access to mental health services for rural communities while providing a critical lifeline to our farmers and ranchers.”
    A one-pager on this legislation can be found here. Full text of the bill is available here.

    MIL OSI USA News –

  • MIL-OSI: Helo and Barrett Financial Group Sign Affiliate Agreement to Revolutionize Mortgage-Linked Financial Wellness

    Source: GlobeNewswire (MIL-OSI)

    WESTWOOD, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Helo Revolution (Helo), the fintech platform helping users build smarter money habits through behavioral science and automation, has signed a groundbreaking Affiliate Program Agreement with Barrett Financial Group, one of the nation’s leading mortgage loan providers.

    This strategic partnership will provide Barrett’s network of over 2,000 loan officers and their clients with access to Helo’s powerful financial wellness platform. In turn, Barrett gains a new revenue stream, deeper client engagement, and access to promote Helo to their audience of high-intent home loan contacts, with potential for much broader integration in the near future.

    A New Era of Financial Empowerment After the Mortgage Closes

    Helo’s premium platform, which launches publicly in Q4 2025, offers automated tools that support homebuyers well beyond the closing date, including automated loan payments, debt optimization strategies, cash flow management, and long-term financial goal tracking. With both free and premium plans, it provides a genuine solution for post-mortgage financial stability, particularly in today’s volatile economic climate. Try Helo’s freemium app today before the premium version is available.

    At its core, Helo is an all-in-one, done-for-you system that combines powerful money management, investment tracking, smart goal planning, and a full-service banking suite, including checking and savings accounts, unlike anything most consumers have ever seen. It’s built to simplify financial life while accelerating long-term wealth.

    “This is a massive opportunity,” said Ariel Dangelo, Founder of Helo. “Buying a home is often the biggest purchase of someone’s life. Through this partnership, we’re not just helping people buy a home — we’re helping them stay financially healthy, pay down mortgages faster, and build long-term wealth confidently. With Barrett’s trusted loan officers introducing Helo, the ripple effect could be life-changing for thousands of families across America.”

    Revenue Alignment and Mutual Growth

    Under the Affiliate Program Agreement:

    • The two companies will collaborate on targeted email campaigns, personalized direct mail, and co-branded digital promotions to drive adoption.
    • Barrett and Helo have also agreed to explore a Joint Venture opportunity if volume milestones are hit.

    “This is about more than fintech,” said Trevor Barrett, CEO of Barrett Financial Group. “It’s about giving our clients real tools to thrive financially. Partnering with Helo means we’re helping our borrowers navigate their mortgage and beyond, not just with great rates, but with real, ongoing support.”

    Strategic Timing with Market Momentum

    The partnership comes at a moment when fintech adoption is accelerating and consumer demand for better post-purchase financial support is at an all-time high.

    Helo’s behavioral-first approach differentiates it from budgeting apps and traditional banks, offering an “automated discipline solution” that helps users stay on track without micromanaging their finances.

    With a combined marketing push and built-in trust from Barrett’s advisors, this partnership is expected to significantly expand Helo’s user base and brand visibility, while helping Barrett provide long-term value to its clients beyond closing day.

    About Helo
    Helo is a smart money platform designed to help everyday people master their finances using cashflow automation, habit-building behavioral tools, and personalized planning. Founded on the principle of “people over profit,” Helo empowers users to make better financial decisions, from spending and saving to debt reduction and investing. Learn more at www.gohelo.com

    About Barrett Financial Group
    Barrett Financial Group, LLC is one of the top-rated mortgage brokerages in the U.S., known for offering tailored home loan solutions through a nationwide network of experienced loan officers. By pricing out multiple lenders and programs, Barrett helps clients secure the best possible mortgage options, including FHA, VA, USDA, Jumbo, Reverse Mortgages, and more. Learn more at www.barrettfinancial.com

    Media Contacts
    Helo Revolution – marketing@gohelo.com

    Barrett Financial Group – info@barrettfinancial.com 

    A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b12b1127-0ac9-42ec-89cb-299e33dc183d

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4569b05-9721-4e13-a919-36ff0dfa699d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/28d1ee45-55ca-4102-8c84-f4d0af1c1e9f

    The MIL Network –

  • MIL-OSI: Helo and Barrett Financial Group Sign Affiliate Agreement to Revolutionize Mortgage-Linked Financial Wellness

    Source: GlobeNewswire (MIL-OSI)

    WESTWOOD, Mass., July 15, 2025 (GLOBE NEWSWIRE) — Helo Revolution (Helo), the fintech platform helping users build smarter money habits through behavioral science and automation, has signed a groundbreaking Affiliate Program Agreement with Barrett Financial Group, one of the nation’s leading mortgage loan providers.

    This strategic partnership will provide Barrett’s network of over 2,000 loan officers and their clients with access to Helo’s powerful financial wellness platform. In turn, Barrett gains a new revenue stream, deeper client engagement, and access to promote Helo to their audience of high-intent home loan contacts, with potential for much broader integration in the near future.

    A New Era of Financial Empowerment After the Mortgage Closes

    Helo’s premium platform, which launches publicly in Q4 2025, offers automated tools that support homebuyers well beyond the closing date, including automated loan payments, debt optimization strategies, cash flow management, and long-term financial goal tracking. With both free and premium plans, it provides a genuine solution for post-mortgage financial stability, particularly in today’s volatile economic climate. Try Helo’s freemium app today before the premium version is available.

    At its core, Helo is an all-in-one, done-for-you system that combines powerful money management, investment tracking, smart goal planning, and a full-service banking suite, including checking and savings accounts, unlike anything most consumers have ever seen. It’s built to simplify financial life while accelerating long-term wealth.

    “This is a massive opportunity,” said Ariel Dangelo, Founder of Helo. “Buying a home is often the biggest purchase of someone’s life. Through this partnership, we’re not just helping people buy a home — we’re helping them stay financially healthy, pay down mortgages faster, and build long-term wealth confidently. With Barrett’s trusted loan officers introducing Helo, the ripple effect could be life-changing for thousands of families across America.”

    Revenue Alignment and Mutual Growth

    Under the Affiliate Program Agreement:

    • The two companies will collaborate on targeted email campaigns, personalized direct mail, and co-branded digital promotions to drive adoption.
    • Barrett and Helo have also agreed to explore a Joint Venture opportunity if volume milestones are hit.

    “This is about more than fintech,” said Trevor Barrett, CEO of Barrett Financial Group. “It’s about giving our clients real tools to thrive financially. Partnering with Helo means we’re helping our borrowers navigate their mortgage and beyond, not just with great rates, but with real, ongoing support.”

    Strategic Timing with Market Momentum

    The partnership comes at a moment when fintech adoption is accelerating and consumer demand for better post-purchase financial support is at an all-time high.

    Helo’s behavioral-first approach differentiates it from budgeting apps and traditional banks, offering an “automated discipline solution” that helps users stay on track without micromanaging their finances.

    With a combined marketing push and built-in trust from Barrett’s advisors, this partnership is expected to significantly expand Helo’s user base and brand visibility, while helping Barrett provide long-term value to its clients beyond closing day.

    About Helo
    Helo is a smart money platform designed to help everyday people master their finances using cashflow automation, habit-building behavioral tools, and personalized planning. Founded on the principle of “people over profit,” Helo empowers users to make better financial decisions, from spending and saving to debt reduction and investing. Learn more at www.gohelo.com

    About Barrett Financial Group
    Barrett Financial Group, LLC is one of the top-rated mortgage brokerages in the U.S., known for offering tailored home loan solutions through a nationwide network of experienced loan officers. By pricing out multiple lenders and programs, Barrett helps clients secure the best possible mortgage options, including FHA, VA, USDA, Jumbo, Reverse Mortgages, and more. Learn more at www.barrettfinancial.com

    Media Contacts
    Helo Revolution – marketing@gohelo.com

    Barrett Financial Group – info@barrettfinancial.com 

    A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b12b1127-0ac9-42ec-89cb-299e33dc183d

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4569b05-9721-4e13-a919-36ff0dfa699d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/28d1ee45-55ca-4102-8c84-f4d0af1c1e9f

    The MIL Network –

  • MIL-OSI USA: Grants Awarded to Support Veterans Facilities

    Source: US State of New York

    overnor Kathy Hochul today announced $1 million in grants to 16 veterans organizations across New York State through the third round of the Veterans’ Nonprofit Capital Program. These grants will support capital improvements to facilities that serve the state’s veterans, service members and their families.

    “Our veterans, who have courageously served to protect our country, need and deserve to have access to safe, quality facilities to gather with family and loved ones,” Governor Hochul said. “This investment will not only allow for critical infrastructure upgrades, but it will also allow veterans to come together and bond with their community and families.”

    The grants, administered by the Dormitory Authority of the State of New York (DASNY) in partnership with the Department of Veterans’ Services, provide reimbursement for capital improvement projects ranging from $25,000 to $75,000. Veterans organizations will use the funding for critical infrastructure upgrades including new roofs, HVAC systems, electrical improvements, ADA-compliant modifications and renovations to kitchens and common areas.

    Recipients are located across six regions: Capital Region (4), Central New York (1), Finger Lakes (4), Long Island (2), Mid-Hudson (1) and Western New York (4). Projects include roof replacements, parking lot reconstruction, generator installations and facility accessibility improvements. A list of awards is located here.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer this program alongside our partners at the Department of Veterans’ Services, delivering on Governor Hochul’s continued commitment to supporting veterans. These capital improvements will help ensure that veterans have access to safe, modern facilities where they can gather, receive services, and maintain the important connections forged through their service to our nation.”

    New York State Department of Veterans’ Services General Counsel Jonathan Fishbein said, “Round three of the Veterans’ Nonprofit Capital Program was one of our strongest to date, both in the quality of applications received and in the range of services supported across the state. These grants are making a real difference on the ground. DVS remains deeply committed to ensuring that Veterans, Service Members, and Military Families in every corner of New York have access to strong, stable, and growing networks of support. Governor Hochul continues to deliver much-needed support for all who served.”

    The Veterans’ Nonprofit Capital Program provides funding for architecture, design, engineering, construction, reconstruction, rehabilitation or expansion of eligible facilities, and purchase of eligible furnishings or equipment. Since its inception, the program has awarded $4.6 million to veterans organizations statewide.

    About the NYS Department of Veterans’ Services

    The New York State Department of Veterans’ Services proudly serves New York’s Veterans, Service Members and Military Families, connecting them with benefits, services and support. All who served should contact the Department at 888-838-7697 or via its website — veterans.ny.gov — to meet in-person or virtually with an accredited Veterans Benefits Advisor to receive the benefits they have earned. Follow DVS on Facebook, Instagram, X and LinkedIn.

    About DASNY

    Founded in 1944, DASNY is New York State’s capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.

    MIL OSI USA News –

  • MIL-OSI USA: Grants Awarded to Support Veterans Facilities

    Source: US State of New York

    overnor Kathy Hochul today announced $1 million in grants to 16 veterans organizations across New York State through the third round of the Veterans’ Nonprofit Capital Program. These grants will support capital improvements to facilities that serve the state’s veterans, service members and their families.

    “Our veterans, who have courageously served to protect our country, need and deserve to have access to safe, quality facilities to gather with family and loved ones,” Governor Hochul said. “This investment will not only allow for critical infrastructure upgrades, but it will also allow veterans to come together and bond with their community and families.”

    The grants, administered by the Dormitory Authority of the State of New York (DASNY) in partnership with the Department of Veterans’ Services, provide reimbursement for capital improvement projects ranging from $25,000 to $75,000. Veterans organizations will use the funding for critical infrastructure upgrades including new roofs, HVAC systems, electrical improvements, ADA-compliant modifications and renovations to kitchens and common areas.

    Recipients are located across six regions: Capital Region (4), Central New York (1), Finger Lakes (4), Long Island (2), Mid-Hudson (1) and Western New York (4). Projects include roof replacements, parking lot reconstruction, generator installations and facility accessibility improvements. A list of awards is located here.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer this program alongside our partners at the Department of Veterans’ Services, delivering on Governor Hochul’s continued commitment to supporting veterans. These capital improvements will help ensure that veterans have access to safe, modern facilities where they can gather, receive services, and maintain the important connections forged through their service to our nation.”

    New York State Department of Veterans’ Services General Counsel Jonathan Fishbein said, “Round three of the Veterans’ Nonprofit Capital Program was one of our strongest to date, both in the quality of applications received and in the range of services supported across the state. These grants are making a real difference on the ground. DVS remains deeply committed to ensuring that Veterans, Service Members, and Military Families in every corner of New York have access to strong, stable, and growing networks of support. Governor Hochul continues to deliver much-needed support for all who served.”

    The Veterans’ Nonprofit Capital Program provides funding for architecture, design, engineering, construction, reconstruction, rehabilitation or expansion of eligible facilities, and purchase of eligible furnishings or equipment. Since its inception, the program has awarded $4.6 million to veterans organizations statewide.

    About the NYS Department of Veterans’ Services

    The New York State Department of Veterans’ Services proudly serves New York’s Veterans, Service Members and Military Families, connecting them with benefits, services and support. All who served should contact the Department at 888-838-7697 or via its website — veterans.ny.gov — to meet in-person or virtually with an accredited Veterans Benefits Advisor to receive the benefits they have earned. Follow DVS on Facebook, Instagram, X and LinkedIn.

    About DASNY

    Founded in 1944, DASNY is New York State’s capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.

    MIL OSI USA News –

  • MIL-OSI USA: Grants Awarded to Support Veterans Facilities

    Source: US State of New York

    overnor Kathy Hochul today announced $1 million in grants to 16 veterans organizations across New York State through the third round of the Veterans’ Nonprofit Capital Program. These grants will support capital improvements to facilities that serve the state’s veterans, service members and their families.

    “Our veterans, who have courageously served to protect our country, need and deserve to have access to safe, quality facilities to gather with family and loved ones,” Governor Hochul said. “This investment will not only allow for critical infrastructure upgrades, but it will also allow veterans to come together and bond with their community and families.”

    The grants, administered by the Dormitory Authority of the State of New York (DASNY) in partnership with the Department of Veterans’ Services, provide reimbursement for capital improvement projects ranging from $25,000 to $75,000. Veterans organizations will use the funding for critical infrastructure upgrades including new roofs, HVAC systems, electrical improvements, ADA-compliant modifications and renovations to kitchens and common areas.

    Recipients are located across six regions: Capital Region (4), Central New York (1), Finger Lakes (4), Long Island (2), Mid-Hudson (1) and Western New York (4). Projects include roof replacements, parking lot reconstruction, generator installations and facility accessibility improvements. A list of awards is located here.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer this program alongside our partners at the Department of Veterans’ Services, delivering on Governor Hochul’s continued commitment to supporting veterans. These capital improvements will help ensure that veterans have access to safe, modern facilities where they can gather, receive services, and maintain the important connections forged through their service to our nation.”

    New York State Department of Veterans’ Services General Counsel Jonathan Fishbein said, “Round three of the Veterans’ Nonprofit Capital Program was one of our strongest to date, both in the quality of applications received and in the range of services supported across the state. These grants are making a real difference on the ground. DVS remains deeply committed to ensuring that Veterans, Service Members, and Military Families in every corner of New York have access to strong, stable, and growing networks of support. Governor Hochul continues to deliver much-needed support for all who served.”

    The Veterans’ Nonprofit Capital Program provides funding for architecture, design, engineering, construction, reconstruction, rehabilitation or expansion of eligible facilities, and purchase of eligible furnishings or equipment. Since its inception, the program has awarded $4.6 million to veterans organizations statewide.

    About the NYS Department of Veterans’ Services

    The New York State Department of Veterans’ Services proudly serves New York’s Veterans, Service Members and Military Families, connecting them with benefits, services and support. All who served should contact the Department at 888-838-7697 or via its website — veterans.ny.gov — to meet in-person or virtually with an accredited Veterans Benefits Advisor to receive the benefits they have earned. Follow DVS on Facebook, Instagram, X and LinkedIn.

    About DASNY

    Founded in 1944, DASNY is New York State’s capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.

    MIL OSI USA News –

  • MIL-OSI USA: Grants Awarded to Support Veterans Facilities

    Source: US State of New York

    overnor Kathy Hochul today announced $1 million in grants to 16 veterans organizations across New York State through the third round of the Veterans’ Nonprofit Capital Program. These grants will support capital improvements to facilities that serve the state’s veterans, service members and their families.

    “Our veterans, who have courageously served to protect our country, need and deserve to have access to safe, quality facilities to gather with family and loved ones,” Governor Hochul said. “This investment will not only allow for critical infrastructure upgrades, but it will also allow veterans to come together and bond with their community and families.”

    The grants, administered by the Dormitory Authority of the State of New York (DASNY) in partnership with the Department of Veterans’ Services, provide reimbursement for capital improvement projects ranging from $25,000 to $75,000. Veterans organizations will use the funding for critical infrastructure upgrades including new roofs, HVAC systems, electrical improvements, ADA-compliant modifications and renovations to kitchens and common areas.

    Recipients are located across six regions: Capital Region (4), Central New York (1), Finger Lakes (4), Long Island (2), Mid-Hudson (1) and Western New York (4). Projects include roof replacements, parking lot reconstruction, generator installations and facility accessibility improvements. A list of awards is located here.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer this program alongside our partners at the Department of Veterans’ Services, delivering on Governor Hochul’s continued commitment to supporting veterans. These capital improvements will help ensure that veterans have access to safe, modern facilities where they can gather, receive services, and maintain the important connections forged through their service to our nation.”

    New York State Department of Veterans’ Services General Counsel Jonathan Fishbein said, “Round three of the Veterans’ Nonprofit Capital Program was one of our strongest to date, both in the quality of applications received and in the range of services supported across the state. These grants are making a real difference on the ground. DVS remains deeply committed to ensuring that Veterans, Service Members, and Military Families in every corner of New York have access to strong, stable, and growing networks of support. Governor Hochul continues to deliver much-needed support for all who served.”

    The Veterans’ Nonprofit Capital Program provides funding for architecture, design, engineering, construction, reconstruction, rehabilitation or expansion of eligible facilities, and purchase of eligible furnishings or equipment. Since its inception, the program has awarded $4.6 million to veterans organizations statewide.

    About the NYS Department of Veterans’ Services

    The New York State Department of Veterans’ Services proudly serves New York’s Veterans, Service Members and Military Families, connecting them with benefits, services and support. All who served should contact the Department at 888-838-7697 or via its website — veterans.ny.gov — to meet in-person or virtually with an accredited Veterans Benefits Advisor to receive the benefits they have earned. Follow DVS on Facebook, Instagram, X and LinkedIn.

    About DASNY

    Founded in 1944, DASNY is New York State’s capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.

    MIL OSI USA News –

  • MIL-OSI USA: Grants Awarded to Support Veterans Facilities

    Source: US State of New York

    overnor Kathy Hochul today announced $1 million in grants to 16 veterans organizations across New York State through the third round of the Veterans’ Nonprofit Capital Program. These grants will support capital improvements to facilities that serve the state’s veterans, service members and their families.

    “Our veterans, who have courageously served to protect our country, need and deserve to have access to safe, quality facilities to gather with family and loved ones,” Governor Hochul said. “This investment will not only allow for critical infrastructure upgrades, but it will also allow veterans to come together and bond with their community and families.”

    The grants, administered by the Dormitory Authority of the State of New York (DASNY) in partnership with the Department of Veterans’ Services, provide reimbursement for capital improvement projects ranging from $25,000 to $75,000. Veterans organizations will use the funding for critical infrastructure upgrades including new roofs, HVAC systems, electrical improvements, ADA-compliant modifications and renovations to kitchens and common areas.

    Recipients are located across six regions: Capital Region (4), Central New York (1), Finger Lakes (4), Long Island (2), Mid-Hudson (1) and Western New York (4). Projects include roof replacements, parking lot reconstruction, generator installations and facility accessibility improvements. A list of awards is located here.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer this program alongside our partners at the Department of Veterans’ Services, delivering on Governor Hochul’s continued commitment to supporting veterans. These capital improvements will help ensure that veterans have access to safe, modern facilities where they can gather, receive services, and maintain the important connections forged through their service to our nation.”

    New York State Department of Veterans’ Services General Counsel Jonathan Fishbein said, “Round three of the Veterans’ Nonprofit Capital Program was one of our strongest to date, both in the quality of applications received and in the range of services supported across the state. These grants are making a real difference on the ground. DVS remains deeply committed to ensuring that Veterans, Service Members, and Military Families in every corner of New York have access to strong, stable, and growing networks of support. Governor Hochul continues to deliver much-needed support for all who served.”

    The Veterans’ Nonprofit Capital Program provides funding for architecture, design, engineering, construction, reconstruction, rehabilitation or expansion of eligible facilities, and purchase of eligible furnishings or equipment. Since its inception, the program has awarded $4.6 million to veterans organizations statewide.

    About the NYS Department of Veterans’ Services

    The New York State Department of Veterans’ Services proudly serves New York’s Veterans, Service Members and Military Families, connecting them with benefits, services and support. All who served should contact the Department at 888-838-7697 or via its website — veterans.ny.gov — to meet in-person or virtually with an accredited Veterans Benefits Advisor to receive the benefits they have earned. Follow DVS on Facebook, Instagram, X and LinkedIn.

    About DASNY

    Founded in 1944, DASNY is New York State’s capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $60.1 billion as of March 31, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.

    MIL OSI USA News –

  • MIL-OSI: CAI Earns Top Score on 2025 Disability Index

    Source: GlobeNewswire (MIL-OSI)

    ALLENTOWN, Pa., July 15, 2025 (GLOBE NEWSWIRE) — CAI, a global services firm, today announced it earned the top score of 100 on the 2025 Disability Index® with the distinction of “Best Place to Work for Disability Inclusion” for the fifth consecutive year.

    The index is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Now trusted by over 70% of the Fortune 100 and nearly half of the Fortune 500, the tool helps companies determine data-driven actions that can achieve tangible business impact.

    “At CAI, our people are our greatest asset. We value and celebrate diverse perspectives, fostering an inclusive culture that drives innovation and excellence. We prioritize merit, performance, and experience, ensuring every team member is recognized and rewarded for their contributions,” said Tom Salvaggio, president and CEO at CAI. “By providing accessible growth opportunities and focusing on strengths and achievements, we create a dynamic workplace where everyone can thrive and make a meaningful impact.”

    “As we release this year’s Disability Index report, we celebrate the continued progress made by businesses around the world,” said Jill Houghton, president and CEO at Disability:IN. “Today, hundreds of the world’s leading companies are using this tool to benchmark and drive their disability inclusion efforts. Together, we are creating a global economy accelerated by disability inclusion.”

    In 2026, the index will evolve into a universal benchmark, enabling companies around the world to measure and address opportunities, as well as progress, in workplace culture, recruitment, infrastructure and more. The updated name supports these goals by promoting broader recognition and applicability across disparate regions and industries.

    To learn more about CAI’s culture, visit https://www.cai.io/about-us/belonging-and-impact

    To learn more about CAI Neurodiverse Solutions, visit https://www.cai.io/neurodiverse-solutions/overview

    To browse open jobs at CAI, visit https://careers.cai.io/us/en

    About CAI

    CAI is a global services firm with over 9,000 associates worldwide and a yearly revenue of $1.3 billion+. We have over 40 years of excellence in uniting talent and technology to power the possible for our clients, colleagues, and communities. As a privately held company, we have the freedom and focus to do what’s right—whatever it takes. Our tailor-made solutions create lasting results across the public and commercial sectors, and we are trailblazers in bringing neurodiversity to the enterprise.

    Learn how CAI powers the possible at www.cai.io

    Disability:IN

    Disability:IN is the leading nonprofit resource for business disability inclusion worldwide. With the world’s leading companies as partners, Disability:IN drives progress through initiatives, tools, and expertise that deliver long-term business impact. Are You IN?

    Contact:
    Madison Oler
    Sr. PR & Communications Specialist
    CAI
    Madison.oler@cai.io

    The MIL Network –

  • MIL-OSI: SoftServe Signs Strategic Collaboration Agreement with AWS to Deliver Cloud Migration, Modernization, and AI-Enabled Solutions for Enterprise Success

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 15, 2025 (GLOBE NEWSWIRE) — SoftServe, a premier IT consulting and digital services provider, today announced it has signed a strategic collaboration agreement (SCA) with Amazon Web Services, Inc. (AWS), with plans to amplify enterprise AI adoption for real-world applications through heightened integration of AWS services and cloud-native modernization.

    The newly signed SCA is a multi-year, innovative agreement encompassing co-developed solutions, enhanced investments, and strategic alignment to AWS priorities and client benefits, including:

    • Joint Go-To-Market (GTM) Strategies: Collaborating on GTM initiatives to bring these solutions to market faster and at a higher volume
    • Cloud-Native Transformation: Helping enterprises modernize legacy systems and migrate to AWS with greater speed, security, and efficiency using SAMP, or SoftServe’s Adaptive Modernization Platform (formerly SoftServe Application Modernization Platform), a proven accelerator that reduces timelines for cloud modernization projects through reusable AWS-native modules and Agentic AI to improve scalability, reliability, and developer velocity
    • Customer-Centric Innovation: Customizing scalable, AI-enabled solutions that address real-world challenges, such as helping ISVs accelerate SaaS adoption on AWS by automating multi-tenant provisioning and compliance readiness through AI-powered application modernization
    • Global Reach & Impact: Expanding delivery capabilities, expert access and certifications, and digital collaboration across North America and EMEA

    “Within our alliance with AWS, we deploy a differentiated approach that unifies migration, modernization, and AI adoption into a repeatable, scalable strategy,” said Volodymyr Semenyshyn, SoftServe’s Chief Revenue Officer (CRO). “This collaboration signals next-level advancement for key offerings like our highly customized self-service platform SAMP, which paves the way for reaching more measurable outcomes and faster time-to-value for our clients.”

    “This new cooperation unlocks a new level of joint execution between SoftServe and AWS,” said Darrin Griggy, SVP of Partnerships & Alliances at SoftServe. “Our aligned go-to-market strategies will accelerate solution delivery, expand market reach, and empower organizations to achieve complex migrations, optimize workloads, and operationalize AI with greater efficiency and security.”

    This collaboration underscores the value of SoftServe and AWS to provide flexibility and unlock greater business value for customers across industries. SoftServe is an AWS Premier Tier Services Partner with 12 AWS competencies and is an inaugural launch partner of the AWS Generative AI Competency and Data Foundation for Generative AI with AWS. Notable competencies obtained include Migration, DevOps, Big Data, SaaS, security, machine learning, as well as retail, financial services, healthcare, and more.

    With more than 700 AWS-certified experts, including two of the 274 AWS Ambassadors acclaimed worldwide, SoftServe enables clients to achieve business outcomes through cloud modernization, data platforms, and AI/ML transformation. For more information please visit this website.

    ABOUT SOFTSERVE
    SoftServe is a premier IT consulting and digital services provider. We expand the horizon of new technologies to solve today’s complex business challenges and achieve meaningful outcomes for our clients. Our boundless curiosity drives us to explore and reimagine the art of the possible. Clients confidently rely on SoftServe to architect and execute mature and innovative capabilities, such as digital engineering, data and analytics, cloud, and AI/ML.

    Our global reputation is gained from more than 30 years of experience delivering superior digital solutions at exceptional speed by top-tier engineering talent to enterprise industries, including high tech, financial services, healthcare, life sciences, retail, energy, and manufacturing. Visit our website, blog, LinkedIn, Facebook, and X (Twitter) pages for more information.

    The MIL Network –

  • MIL-OSI: CleanChoice Energy Welcomes Christopher Smith as New Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, July 15, 2025 (GLOBE NEWSWIRE) — CleanChoice Energy (“CleanChoice”), the first 100% green company in the U.S. to provide ‘farm-to-table’ renewable energy by owning clean and reliable generation assets and supplying only clean energy to consumers, has named Christopher Smith as its new Chief Financial Officer (CFO).

    This news comes amidst a year of exciting transition for CleanChoice. Over the past 12 months, CleanChoice has interconnected its first solar project in Pennsylvania and announced three additional solar projects located in the northeast United States, while also continuing to grow its retail business. Smith will be a driving force in helping CleanChoice achieve its growth objectives as the company continues its evolution into both a supplier and generator of clean energy.

    “Chris brings deep capital-markets expertise and a track record of building top-flight finance teams at scale in energy businesses,” said Tom Matzzie, Founder & CEO of CleanChoice. “His appointment underscores our readiness to navigate evolving markets and to structure financing that earns investor trust—supporting CleanChoice’s commitment to responsible, resilient, sustainable growth.”

    “As CleanChoice Energy enters a new phase of growth, Chris brings the expertise and insight to help us traverse a changing industry,” Matzzie continued. “The United States is at a turning point. It faces both a critical need for not only more, but also cost effective and sustainable energy – seemingly everywhere and all at once – while customers demand not only a real choice but also a trusted partner in managing their energy future.”

    Smith has experience in building high performing finance teams and high quality businesses and will complement an already strong bench. Over the past two decades, Smith has held senior roles across top tier public and private organizations with a focus on growth and navigating complex challenges. Smith played a pivotal role in successfully growing Hannon Armstrong, and he served in key leadership roles at organizations such as Constellation Energy Commodities Group and Bank of America Merrill Lynch, among others. His background includes SEC reporting, investor relations, and significant capital markets expertise.

    “CleanChoice completely aligns with my passion to help companies grow in smart, sustainable ways,” noted Smith. “It’s all about the customer. CleanChoice is well positioned to expand upon its already considerable growth realized over the last decade not in spite of current challenges, but thanks to them. The new frontier of energy is here—we have the tools and technology to help customers lower costs, address sustainability goals, and improve reliability, and I’m eager to demonstrate to current and future customers, stakeholders and investors that clean energy is smart energy.”

    Finally, Matzzie added, “I’m thankful to John Burke for his support and leadership over the last nine years as Chief Financial Officer and I look forward to continuing to work with him in his new role as Chief Commercial Officer, in which he will architect and manage our growing wholesale and risk management platform.”

    For more information about CleanChoice Energy, visit www.cleanchoiceenergy.com.

    ABOUT CLEANCHOICE ENERGY
    CleanChoice Energy is one of the leading 100% renewable energy suppliers in the U.S. providing ‘farm-to-table’ clean energy providing consumers with alternative ways to access clean energy. CleanChoice has redefined cleantech, making it easy for people to live cleaner lives with pollution-free, renewable energy for their homes and businesses. Founded in 2012, CleanChoice has become one of the fastest-growing businesses in America, as ranked on the Inc 5000 and Deloitte’s Technology Fast 500™. CleanChoice Energy is majority-owned by Funds managed by True Green Capital Management LLC. For more information or to become a clean energy customer, visit CleanChoiceEnergy.com.

    Media Contact:

    Debbie Ehrman
    FINN Partners
    CleanChoiceEnergy@finnpartners.com

    Kate Colarulli
    Chief Strategy Officer
    Mobile: +1 202 380 8936
    kate.colarulli@cleanchoice.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0abfacd9-ec3b-41c6-a137-aa0a28169644

    The MIL Network –

  • MIL-OSI: BVNK & Bitwave Announce Partnership to Enable Real-Time Stablecoin Payments for Enterprise Finance

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 15, 2025 (GLOBE NEWSWIRE) — BVNK, a global provider of stablecoin-native payment infrastructure announced a strategic partnership with Bitwave, the leading enterprise digital asset finance platform. The integration will empower enterprise finance teams to send and receive stablecoin invoice payments with compliance, security, and speed.

    Together, BVNK and Bitwave are redefining what’s possible for modern finance operations by embedding stablecoin wallets with Bitwave’s SOC-compliant tax, accounting and compliance platform.

    “For many finance teams, adopting stablecoins has been held back by operational and reporting complexity. Our integration with Bitwave bridges that gap, making it easier for businesses to move between traditional finance operations and stablecoin payments,” said Jesse Hemson-Struthers, CEO and Co-Founder of BVNK.

    As more businesses explore stablecoins for treasury and payments, these kinds of solutions will be key.”

    Unlocking Stablecoin Payments for the Enterprise

    BVNK delivers stablecoin-native infrastructure for global financial services, powering the flexibility and control enterprises need to modernize their payment operations.

    Through this integration, Bitwave customers will gain access to BVNK’s embedded stablecoin wallets to:

    • Pay invoices in USD, settle in stablecoins
    • Accept payments in stablecoins, receive fiat
    • Simplify reconciliation and automate GAAP/IFRS reporting
    • Access automated workflows for simplified tax, accounting, and compliance

    This capability allows finance teams to take advantage of the speed and efficiency of blockchain-based payments without sacrificing audit-readiness or security.

    “Businesses are ready for stablecoin payments. What they’ve been missing is a safe, reliable way to use them in daily operations,” said Pat White, CEO and Co-Founder of Bitwave.

    “BVNK delivers exactly that for our customers—offering speed, compliance, and flexibility without adding operational complexity.”

    Meeting the Moment for Digital Finance

    As global businesses continue to explore digital assets for treasury operations, cross-border payments, and financial innovation, this collaboration represents a major step forward in enterprise-grade stablecoin adoption.

    By bringing stablecoin-native infrastructure into Bitwave’s accounting and finance stack, the partnership enables finance teams to:

    • Accelerate settlement cycles
    • Modernize treasury operations
    • Eliminate the complexity of manual financial reporting workflows

    “Moving money onchain shouldn’t be complicated,” added Pat White. “This is how digital assets go mainstream.”

    To get started, request a demo with Bitwave today.

    About BVNK

    BVNK builds stablecoin-native infrastructure to power global financial services. Our platform enables businesses to move value instantly across borders and networks. With global licensing and Tier 1 bank partnerships, we facilitate billions in transactions for enterprises like Worldpay, Deel and Rapyd. Visit bvnk.com for more information.

    About Bitwave

    Bitwave is the leading digital asset subledger and on-chain finance platform for businesses. Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform. Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams.

    Bitwave enables the digital asset economy with scalable financial operations.

    Visit bitwave.io for more.

    Media Contact:
    Amy Kalnoki
    Co-Founder & COO, Bitwave
    marketing@bitwave.io

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3ca5522-5929-4a4b-aef5-9989825cf2f5

    The MIL Network –

  • MIL-OSI Africa: McKenzie unveils R6.3 billion budget to boost local talent in sports and arts

    Source: Government of South Africa

    Sport, Arts and Culture Minister Gayton McKenzie has tabled a R6.3 billion budget this morning that he believes will help unlock local talent in both the sports, and arts and culture sectors.

    “Change is difficult, but it’s necessary… Access and opportunity matter, and even the greatest of talents need that opportunity. That is why, to invest in all our talent, both in sport, and arts and culture, as well as preserving our heritage, the department has a budget of R6.3 billion for the 2025/26 financial year,” McKenzie said on Tuesday in Parliament. 

    Under Programme 2, Recreation Development and Sport Promotion, the Minister announced that the department will allocate R1.281 billion. 

    To continue supporting sports in the country, McKenzie said R98.5 million will be allocated toward federation support.

    “One of the biggest changes coming for our federations will be the provision of an office building for them to share, as many have been running their sports out of the boots of their cars.” 

    WATCH | 

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    To support and develop local talent, the department has allocated over R627 million through the conditional grant for this financial year. 

    According to the Minister, funding will be used for the purchase of equipment and attire for schools, clubs and hubs, as well as for training individuals in coaching, technical officiating, administration courses, and employment opportunities.

    Repatriation

    Under Programme 4, Heritage Promotion and Preservation, the department has allocated R2.787 billion, which includes R1.6 billion for the construction, maintenance, upgrading, and operation of valued libraries.

    “Following the success of our inaugural programme to return the remains of South African fallen heroes from Zimbabwe and Zambia last year, we shall continue to repatriate the human remains of freedom fighters who fell outside the country during the struggle.

    “I am told that there could still be 5 000 bodies that need to be returned, and we should not rest until they are home.” 

    READ | Government, judiciary reaffirm commitment to justice

    The Minister said they are currently negotiating with Scottish authorities to repatriate the remains of Khoi and San ancestors from the University of Glasgow’s Hunterian Museum by September 2025. 

    He also mentioned that government is nearing the conclusion of the reburial process for 58 ancestral remains from the Northern Cape.

    This effort is guided by the Northern Cape Reburial Task Team, which includes representatives from the Nama, Griqua, Korana, and San communities.

    Museums

    The ministry is also driving a campaign, under the theme: “Reimagining South African Heritage for a New Era”, which is aimed at making museums relevant to a new, curious generation, ultimately increasing visitor numbers.

    “One of the first projects we are focusing on is Robben Island, which is undergoing a major revamp and facelift.”

    Creative arts

    Under Programme 3, focused on Arts and Culture Promotion and Development, his department is allocating R1.725 billion. 

    To enhance skills and transform the cultural and creative industries, he stated that they will continue to recruit and place approximately 300 young people. 

    This initiative aims to improve their chances of gaining employment and becoming self-employed in creative fields.

    Sector clusters

    He announced that the interim boards for the 17 sector clusters within the cultural and creative industry are now fully operational. 

    These boards are responsible for organising their respective sectors, promoting collaboration, and addressing challenges such as copyright protection, fair labour practices, and equitable distribution of funding. 

    According to the Minister, they will receive a total budget of R34 million to support their operations.

    “We understand the frustration of our creatives. For the past 30 years and the years before that, they have not seen their lives change for the better.”

    In support of the preservation and development of the Khoi and San languages, the N|uu language in particular, the department is setting aside R2 million for a targeted call for proposals to preserve these languages. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Canada: Minister Champagne to participate in G20 and G7 Finance Ministers and Central Bank Governors’ Meetings in South Africa

    Source: Government of Canada News

    July 15, 2025

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, will participate in G20 and G7 Finance Ministers and Central Bank Governors’ (FMCBG) Meetings, in Durban, South Africa, from July 17 to 18. 

    Prior to the Meetings, during a short stay in Cape Town, the Minister will meet with local businesses and government officials with an eye to advance bilateral partnerships, economic development and innovation collaboration.

    In Durban, the Minister, together with Tiff Macklem, Governor of the Bank of Canada, will chair the fourth G7 FMCBG Meeting under Canada’s G7 Presidency. The agenda builds on the important progress made by Finance Ministers and Central Bank Governors at the G7 in Banff and the shared steps Canada and its partners are taking together to reduce ongoing trade and economic policy uncertainty.

    G7 Ministers and Governors will also discuss Russia’s illegal and unjust war against Ukraine, as well as actions to improve supply chain resilience Australia and South Korea have been invited to join the discussion on supply chains.

    The G20 FMCBG Meetings will focus on the global economy and on issues related to the international financial architecture, international taxation and ways to improve longer-term growth prospects in Africa and across the G20. 

    MIL OSI Canada News –

  • NHAI releases second sustainability report, showcases green milestones

    Source: Government of India

    Source: Government of India (4)

    The National Highways Authority of India (NHAI) has released its second consecutive Sustainability Report for the financial year 2023–24, reaffirming its strong commitment towards environmental sustainability and responsible infrastructure development.

    The report, launched by Union Minister for Road Transport and Highways Nitin Gadkari, highlights NHAI’s integrated framework for Environmental, Social, and Governance (ESG) practices and its alignment with India’s global commitments under the Mission LiFE (Lifestyle for Environment) initiative and the vision of Hon’ble Prime Minister Shri Narendra Modi for a sustainable future.

    Despite a 20% rise in National Highway construction in FY 2023–24, NHAI has successfully reduced its Greenhouse Gas (GHG) Emissions Intensity from 1.0 MTCO2e/km to 0.8 MTCO2e/km, indicating a clear decoupling of construction growth from emissions.

    Promoting a circular economy remains central to NHAI’s efforts. In the reporting year, more than 631 lakh metric tonnes of recycled and reused materials — including fly ash, plastic waste, and reclaimed asphalt — were utilized in highway construction.

    Afforestation and plantation have also received a major push. Over 56 lakh saplings were planted in FY 2023–24 and 67.47 lakh saplings have already been planted in 2024–25, taking the total tree plantation count to over 4.69 crore since the rollout of the Green Highways Policy, 2015. This large-scale plantation has helped create substantial carbon sinks and enhanced the environmental balance along India’s highways.

    The report also documents NHAI’s conservation initiatives under the Amrit Sarovar Mission, with 467 water bodies rejuvenated across the country. These efforts have revitalised local water resources and supplied nearly 2.4 crore cubic metres of soil for road construction, yielding estimated savings of around ₹16,690 crore.

    Water use intensity in water-stressed regions has dropped by 74% compared to previous levels. Additionally, the authority has implemented best practices to mitigate the impact of highways on wildlife and minimise man-animal conflicts.

    On the social front, NHAI has reinforced inclusive and safe work practices. All direct employees and contract workers are now covered under the Occupational Health and Safety (OHS) Management Framework. The organisation also recorded zero instances of workplace discrimination, underlining its commitment to diversity and equity.

    Technology has played a crucial role in these achievements. The AI-driven Data Lake 3.0 platform has streamlined project management and helped resolve 155 conciliation claims, resulting in an estimated saving of about ₹25,680 crore. The widespread adoption of FASTag, with a penetration rate of 98.5%, has further reduced congestion at toll plazas, cutting vehicular emissions and the overall carbon footprint.