Category: Economy

  • MIL-OSI: Bishop Street Underwriters Makes Strategic Equity Investment into Verve Services

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and WEST PALM BEACH, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced it has made a strategic equity investment in Verve Services, LLC (“Verve”), a leading, full-service auto insurance managing general agency (“MGA”). This partnership marks Bishop Street’s entry into Specialty Private Passenger Auto. Through this equity investment, Verve is positioned for continued innovation and accelerated growth in the auto insurance industry.

    “Dan and his team have built Verve into a differentiated passenger auto insurance MGA. They have an exceptional platform that combines advanced analytics with a deep understanding of the market, which drives superior outcomes and has supported their position as a leader in the specialty auto insurance space,” said Chad Levine, Chief Executive Officer of Bishop Street.

    “Verve’s focus and commitment to utilizing data and analytics to deliver industry-leading loss ratios that significantly outperform industry results for its insurance and reinsurance partners is perfectly aligned with our strategic vision at Bishop Street. We are excited to build on this momentum and drive value creation for all of Verve’s partners,” said Chad Weber, President of Bishop Street.

    “While Bishop Street is predominantly focused on building a diversified platform of commercial-lines MGAs, we will be opportunistic as it relates to differentiated personal-lines MGA businesses, like Verve. Dan and the rest of the Verve team have built a great business, and we look forward to partnering with them for their next stage of growth,” said Mike Zabik, Partner of RedBird Capital.

    “We are thrilled to welcome Bishop Street as a key strategic partner. They are the ideal fit for the next stage of Verve’s growth,” said Dan Lazarek, Chief Executive Officer of Verve Services, LLC. “This partnership brings invaluable expertise from a company with a proven track record in both insurance infrastructure and data-driven AI. We look forward to revolutionizing the auto insurance industry together.”

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise, and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to http://www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions for founders and entrepreneurs. The firm currently manages $10 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to http://www.redbirdcap.com.

    About Verve Services, LLC
    Verve is a full-service auto insurance managing general agency (MGA) built on a culture of transparency, trust and faith. The company has developed a unique platform that identifies, filters, underwrites, acquires, and services profitable, low-frequency private passenger auto customers. By utilizing a scalable technology and distribution platform, Verve is transforming the auto insurance industry. The company analyzes both internal and external data, using advanced predictive analytics to uncover profitable niches within the $316 billion private passenger auto insurance market. Through its data-driven approach, Verve consistently exceeds industry benchmarks, delivering superior underwriting profits while providing exceptional value and significant returns to its insurance and reinsurance partners. This has established Verve as a trusted leader in the evolving auto insurance landscape.   For more information, please go to http://www.goverve.com.

    Media Contacts

    Bishop Street
    Dan Gagnier
    Gagnier Communications
    redbird@gagnierfc.com
    646.569.5897

    Verve
    Kimberly Hampton
    Verve Communications
    kimberly.hampton@verveinsurance.com
    404-291-9632

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  • MIL-OSI: Personal AI Brings AI Workforce Platform to Google Cloud Marketplace

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Personal AI, the leading platform for building AI workforces in regulated industries, today announced that its proprietary Small Language Model (SLM) technology and AI Training Platform are now available on Google Cloud Marketplace. This move allows customers to quickly purchase and deploy Personal AI, streamlining the procurement process for enterprises looking to leverage SLMs.

    Personal AI’s platform enables organizations to create networks of AI Personas, each representing key roles and expertise within the company. These AI Personas are exclusively trained on proprietary data, ensuring high accuracy, transparency, and privacy – crucial factors for regulated industries such as legal, financial services, consulting, and government.

    “Our mission at Personal AI is to redefine how the modern workforce creates AI Personas and collaborates with them in professional environments,” said Suman Kanuganti, CEO and Co-founder of Personal AI. “By joining Google Cloud Marketplace, we’re making it easier than ever for organizations to access our cutting-edge AI Training Studio. This collaboration will accelerate the adoption of AI workforces, allowing businesses to scale their expertise, streamline workflows, and make more informed decisions while maintaining the highest standards of data privacy and security.”

    Personal AI’s availability on Google Cloud Marketplace offers several benefits to customers, including simplified billing and reduced procurement cycles. This aligns with Personal AI’s commitment to providing flexible, scalable solutions that cater to businesses of all sizes.

    “Bringing Personal AI to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the AI Training Platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, Managing Director, Marketplace & ISV GTM Programs at Google Cloud. “Personal AI can now securely scale and support customers on their digital transformation journeys.”

    About Personal AI
    Personal AI develops a horizontal AI training and collaboration platform, focused on private, Small Language Models (SLMs) that multiply the capabilities of enterprise teams. Their technology enables organizations to build networks of AI Personas, each representing key roles within companies. These AI Personas are exclusively trained on proprietary data, ensuring unparalleled accuracy, transparency, and privacy. For more information, please visit https://personal.ai

    Media Contact
    Jonathan Bikoff
    jonathan@personal.ai

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  • MIL-OSI: NANO Nuclear Energy Inc. Executives to Present at the ArcStone – Kingswood Growth Summit 2024

    Source: GlobeNewswire (MIL-OSI)

    Senior Company leaders will participate in a panel discussion highlighting the energy transition on September 26th, 2024.

    New York, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” of “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that several senior executives will participate in a panel discussion at the ArcStone-Kingswood Growth Summit 2024, taking place in Toronto Canada on September 26, 2024.

    The ArcStone-Kingswood Growth Summit 2024 will offer exclusive access to insightful sessions and expert-led panels on listing and cross-listing companies. Investors will have the opportunity to engage with executive management from both private and public companies across a range of high-growth sectors, including Technology, Artificial Intelligence, Energy, and more.

    NANO Nuclear will take part in a panel discussion titled “Traditional Energy & Energy Transition” on September 26th. This session will be moderated by Jack Bensimon, Managing Partner, ArcStone Securities and Investments Corp.

    “It is a pleasure for us to participate in this cross border growth summit,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “We are passionate in our mission to revolutionize the way industries around the world utilize nuclear energy. The Growth Summit in Toronto will continue our international reach, as well as discuss how advanced nuclear solutions can reshape the energy landscape in Canada. I am delighted to attend and look forward to our panel discussion, which will be an informative and exciting feature of the day.”

    Figure 1 – NANO Nuclear Energy Inc. to Participate in an ArcStone-Kingswood Growth Summit 2024 Panel Discussion Titled “Traditional Energy & Energy Transition.”

    The event will showcase over 30 public and private companies from around the world, with more than 400 institutional investors, family offices, retail wealth advisors, high net worth individuals, and industry professionals expected to attend. The conference will include corporate presentations, panel discussions, one-on-one investor meetings, cocktail receptions, and an invitation-only VIP dinner, bridging the gap between Canadian and U.S. capital markets, and offering a platform for companies to highlight their growth potential and connect with key investors.

    “I am delighted to see NANO Nuclear take part in this year’s ArcStone – Kingswood Growth Summit,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “NANO Nuclear is dedicated to innovation, like our proprietary microreactors and ancillary business lines, for the wider nuclear energy industry. Events like this are essential, as they provide a platform for business leaders and stakeholders to collaborate on addressing the challenges of today and planning for tomorrow.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy TWITTER

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at http://www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

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  • MIL-OSI: Bitget Hosts the Inaugural Blockchain4Her Awards at SheFi Summit

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitget, the leading crypto exchange and web3 company, hosted its inaugural Blockchain4Her Awards at the SheFi Summit in Singapore on September 17, 2024, with five winners announced across two categories. The event saw over 1,000 participants from around the world, with 100+ nominations received for the Awards. The event was supported by 12 major partners, including tier-1 media BeInCrypto, Crypto.News, The Coin Republic, Input Communications, Genzio, as well as leading community bodies like the Women in Web3 Switzerland.

    The Blockchain4Her Awards is an initiative that celebrates and promotes women in the blockchain industry. Launched as part of Bitget’s broader Blockchain4Her program, it addresses the gender disparity in the blockchain space, where female-led startups receive only a small fraction of total funding. The awards feature two main categories – the Rising Female in Blockchain Award and the Innovative Web3 Female Entrepreneur Award.

    ​​Gracy Chen, CEO at Bitget, delivered a keynote at the SheFi summit where she exclaimed Bitget’s commitment to supporting women in blockchain. With the $10 million Blockchain4Her initiative, Bitget is taking steps towards empowerment by providing “role models, mentorship, networking, and targeted support, we’re ensuring that more women can step into leadership roles in the blockchain space,” said Chen. 

    Bitget announced three winners for the ‘Rising Female in Blockchain Award’ category – Alexandra Nicorici, Gesa Schneider, and Rebecca Matsumura.

    Alexandra Nicorici is the founder and host of the OOO podcast, a popular Web3 marketing podcast that connects marketing professionals to leading founders who are building transformative communities and products in the industry. 

    “Two years ago, if someone had told me I would receive a Rising Woman in Web3 Award, I wouldn’t have believed them. I was struggling a lot, in an industry that is not only a boys club, but not very mature yet,“ said Alexandra. “Today, I am more proud of myself and all the amazing women in Web3 who are rising, being present and contributing to this amazing industry.” Through her influence, Alexandra has helped several Web3 and crypto startups grow and drive valuable partnerships over the years. 

    Gesa Schneider is a renowned Devcon Scholar at the Ethereum Foundation and an active advocate at The Female Factor – one of the largest global communities for female leaders. “To be recognized as a Rising Female in Blockchain is such a great honor,” said Gesa during the Blockchain4Her Awards. “It validates my work to pioneer Web3 innovations for a sustainable future.”

    The third winner is Rebecca Matsumura, an Associate Attorney at Fenwick & West. For almost a decade, Rebecca has provided legal guidance to blockchain and fintech firms, helping them manage compliance in the complex regulatory landscape. She is pioneering a new generation of women in law who want to step into the dynamic legal space of Web3 and crypto. Through this award, Bitget celebrates her transformative contribution to increasing inclusivity and openness in this niche sector. 

    The award for Innovative Web3 Female Entrepreneur went to Maika Isogawa, the co-founder and CEO of Webacy – one of the fastest-growing blockchain security suites. Tech and security have been historically quite underrepresented sectors for women, and the gap is more concerning in the Web3 industry. However, leaders like Maika have been actively inspiring change in this sector. Maika was also listed among the Forbes 30 under 30

    The winners were decided by a panel of four judges, including the CEO of Bitget Gracy Chen, the co-founder of Hacken Yevheniia Broshevan, leading venture capitalist Tess Hau, and the founder of SheFi Maggie Love Wu. 

    The awards are supported by a $10 million commitment from Bitget to promote diversity and inclusivity in the sector. The support loop for Blockchain4Her focuses on Elevating, Empowering, Educating, and Embracing women in blockchain. Bitget aims to ensure that women in Web3 have the appropriate resources, opportunities, and representation needed to succeed in their role.

    The Blockchain4Her campaign provided scholarships for educational programs like SheFi’s 8-week blockchain course, mentorship opportunities, and participation in major industry events. The overall aim is to build a gender-diverse ecosystem where women play a significant role in driving technological advancements and leadership in blockchain​. As a part of the campaign, Bitget is also establishing an alumni group, where female entrepreneurs and leaders can exchange ideas and build networks to grow their careers.  

    After the success of the campaign at SheFi, Bitget is set to host various Blockchain4Her events in different regions. 

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

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

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

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.

    Contact

    PR team
    media@bitget.com

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  • MIL-OSI: BNB Chain and UXUY Telegram Wallet Join Forces to Integrate 1,000 DApps into Social Scenarios

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Sept. 26, 2024 (GLOBE NEWSWIRE) — BNB Chain, home to the world’s most active on-chain ecosystem, and UXUY, the first decentralized multi-chain wallet on Telegram, have announced a partnership. This collaboration will integrate BNB Chain with Telegram through UXUY Wallet, leveraging its excellent compatibility and scalability, marking a critical step towards the mass adoption of Web3.

    The focus of this partnership is to make Web3 more accessible, ensuring users can seamlessly manage BNB through UXUY Wallet and enabling the integration of 1,000 DApps into social scenarios. As of September 26, popular DApps like PancakeSwap and Four.Meme have already been integrated, significantly enhancing BNB Chain’s accessibility and influence.

    Kevin, founder of UXUY, stated, “As a product incubated and invested in by Binance Labs, UXUY is excited to collaborate with BNB Chain and contribute to the integration of BNB Chain with Telegram. This positions UXUY as a vital gateway linking Web3 with social scenarios. Future collaborations will expand across areas such as social trading, Meme ecosystems, DApp integration incentives, and the organization of Hackathons.”

    About BNB Chain

    BNB Chain is a leading blockchain ecosystem designed to support the growing demands of the decentralized web (Web3). Offering a unique combination of speed, scalability, and affordability, BNB Chain has become a popular choice for developers building decentralized applications (DApps) and for users seeking to participate in the world of decentralized finance (DeFi).

    About UXUY

    UXUY is a next-generation multichain infrastructure incubated and invested in by Binance Labs. UXUY creates the first decentralized multi-chain wallet and DApp application center based on Telegram. Bringing 900 million users into the multi-chain crypto ecosystem.

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  • MIL-OSI: Publicly Traded Tritent International Corp. and Burst Technologies, Inc. Sign MOU to Outline Strategic Merger Plans

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Sept. 26, 2024 (GLOBE NEWSWIRE) — Tritent International Corp. (“Tritent”), a US public company (US OTC: TICJ), and Burst Technologies, Inc. (“Burst Technologies”), a Delaware corporation, are pleased to announce the signing of a Memorandum of Understanding (“MOU”) that outlines the key terms and conditions for a proposed strategic merger. The MOU was officially executed on September 24, 2024.

    In a groundbreaking move to enhance healthcare billing efficiency, Burst Technologies and Tritent are excited to announce their potential merger, which introduces the build out of an AI-accelerated billing solution designed to recover Medicare Part B costs for nursing homes across the United States where in most cases currently goes unrecovered. This innovative technology aims to streamline billing processes, reduce administrative burdens, and ensure that nursing homes receive maximum reimbursement for these products and services.

    Key Benefits of Burst’s AI-Accelerated Healthcare Solution

    Maximized Reimbursement: Nursing homes can achieve direct recovery of Medicare Part B costs, significantly improving their bottom line.

    Efficiency Boost: Automated processes reduce the time and effort required for billing, freeing up staff and resources to focus more on patient care.

    Enhanced Accuracy: Technology and AI-driven algorithms minimize errors and optimize claim submissions and help ensure compliance with Medicare and insurance regulations.

    Key Points of the MOU

    This proposed merger is designed to enhance the capabilities and market presence of both organizations by integrating Burst Technologies as a wholly owned subsidiary of Tritent.

    Merger Structure: Under the proposed terms, Tritent will become the primary entity, and Burst Technologies will be integrated as a wholly owned subsidiary, ensuring operational continuity and strategic alignment between the companies.

    Governance and Management: Post-merger, key management and operational roles within Tritent will be filled by executives from Burst Technologies. Additionally, Burst Technologies will appoint a majority of the Board of Directors of the merged entity, ensuring a cohesive leadership team.

    Share Exchange: As part of the merger, Tritent will issue common restricted shares in accordance with the Definitive Share Exchange Agreement, facilitating the acquisition of Burst Technologies.

    Good Standing and Compliance: Both companies have committed to maintaining good standing with relevant regulatory bodies and ensuring compliance with all applicable laws, including those set forth by the OTC Markets, FINRA, and the State.

    Mutual Responsibilities: The MOU emphasizes the spirit of cooperation, transparency, and mutual respect between the parties. Both Tritent and Burst Technologies will work together diligently to finalize the Definitive Share Exchange Agreement and ensure the success of the merger.

    Market Size: Burst Technologies has developed a multi-year financial plan, focusing on expanding its client base and boosting revenue inside the Nursing Care Facilities and Continuing Care Retirement Communities representing 4%, or $180 billion, of the $4.5 trillion National Healthcare Expenditure (NHE) marketplace1.

    “This MOU represents an exciting opportunity for both companies to leverage each other’s strengths and drive growth in our respective markets,” said Reno J. Calabrigo, CEO of Tritent International Corp. “We are confident that this merger will create significant value for our shareholders and position us for long-term success.”

    Eric Hansen, CEO of Burst Technologies, added, “This partnership marks the first step toward making the nursing home industry a leader in technology. We’ll start by building the first AI-driven billing solution specifically for nursing homes. From there, we’ll continue pushing boundaries to bring fresh innovation to an industry ready for transformation. Our goal is not just to modernize long-term care, but to set a new tech standard for the entire sector, and we’re confident this merger offers an exciting path for our shareholders.”

    The MOU sets the framework for the negotiation and execution of a Definitive Share Exchange Agreement, which both parties expect to finalize in the coming weeks.

    About Burst Technologies, Inc.

    Burst is building out an AI-accelerated healthcare billing solution designed for America’s nursing homes, addressing a critical gap where many Medicare Part B supply costs currently go unrecovered. Currently, Burst supports 30 nursing homes and over 3,000 residents, ensuring they receive the healthcare returns they deserve. With a market size serving 1.6 million elderly residents across 16,700 facilities, Burst can ensure that essential Medicare reimbursements are accessible, transforming the way nursing homes manage healthcare billing. With a focus on healthcare inclusion, Burst’s success-based model allows any nursing home to sign up at no upfront cost, delivering reimbursements directly to their bank accounts. For more information please visit, http://www.burstmedicalbilling.com.

    About Tritent International Corp.

    Tritent International Corp. (US OTC: TICJ) is focused on the acquisition of controlling equity interests in disruptive companies by taking an active role to improve their growth, provide capital and management expertise.

    For more information, please contact:

    Tritent International Corp.
    Reno Calabrigo, Director
    Email: info@tritentintlcorp.com

    Burst Technologies, Inc.
    Eric Hansen, Director
    Email: Eric@Burstbilling.com

    Safe Harbor Statement

    This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements, as well as other risks discussed from time to time in our filings with OTC Markets, including, without limitation, our latest Quarterly Report filed on August 13th, 2024. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.

    Footnote

    1: references Centers for Medicare & Medicaid Services, Office of the Actuary, “National Health Expenditures 2022 Highlights” https://www.cms.gov/newsroom/fact-sheets/national-health-expenditures-2022-highlights

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65b45d29-324a-4e7c-8687-64bd4f854a51

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  • MIL-OSI Translation: 25/09/2024 Varsovia | Sejm Government information in the Sejm regarding actions taken in connection with the flood

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    El primer ministro Donald Tusk presented to the Sejm information on the government’s work so far in connection with the flood that is sweeping through Poland. Ministers involved in aid activities also presented their reports. The last few days have seen numerous crisis teams, meetings with injured residents of flooded areas, and work on solutions that will make it easier to deal with the effects of flooding. One thing is certain – thanks to the actions of the services, residents and volunteers, a larger disaster was avoided. Thanks to the “silent heroes” The head of government began his speech by thanking the inhabitants of the areas affected by the state of natural disaster, the services, and everyone involved in providing help. “Without this, the gigantic effort of tens of thousands of people there and hundreds of thousands of people who in various ways show solidarity and practical help to those fighting the flood, we would not have had it with this greatest downpour in history,” said the Prime Minister from the parliamentary rostrum. Much damage was done during the flood. houses and apartments as well as roads, bridges, schools, clinics, the hospital in Nysa was also flooded. However, thanks to people’s efforts, the damage will be much less than during the flood in 1997. “According to preliminary assessments, the destroyed and flooded residential premises this year, despite this great flood, the largest in history, will probably be 10 times less than in 1997″ – Donald Tusk informed. Thanks to the efforts of residents and state services, many towns were saved. We also protected large cities such as Wrocław and Opole. “When another staff briefing was held in Wrocław this morning, I saw the relief of the Lower Silesian Voivode and the President of Wrocław when they could confirm the forecast from the last hours that the state of alarm on the Oder in Cław was a thing of the past ”- noted the Prime Minister. From the very beginning, the Prime Minister and the Ministers monitored the situation in places that were threatened by high water, including: Kłodzko, Głuchołazy, Nysa, Jelenia Góra, Wrocław, Głogów, Nowa Sól and Szczecin. Pre-emptive actionsThe state acted from the first hours, when alarming forecasts from the Institute of Meteorology and Water Management regarding upcoming heavy rainfall appeared. Local crisis meetings, as well as those with the participation of the Government Center for Security, the Ministry of Interior and Administration and the services, were held from Wednesday, September 11. “On September 11, the RCB sent a message informing about the threat. Immediately after receiving this information, I ordered a briefing to be organized with the services and voivodes of the voivodeships that were at risk, recommending that all actions be taken to prepare for the flood,” emphasized the Minister of Internal Affairs and Administration, Tomasz Siemoniak. Another crisis meeting was held on September 12, this time under the leadership of Minister T. Siemoniak. The next one is on Friday, September 13, in Wrocław, with the participation of the head of government. “On Friday 13, the morning forecast was: the rainfall would not be as heavy as we forecast the day before. On Friday evening, the forecasts deteriorated again,” explained Donald Tusk. From the very first moments, the government did not ignore forecasts and warnings and took action to secure endangered places. “From the first day, we called on all residents and repeated it every day, many times: do not ignore the fire brigade’s recommendations. and the police about the need to evacuate. From the first hours, the fire brigade, police and army reached places that were not yet flooded but at risk,” noted the Prime Minister. Soldiers from the Territorial Defense Forces were also involved in the activities from the very beginning. “The Polish Army has been involved in the activities from the very beginning. actions to protect the life and health of the population and in all activities related to the fight against floods,” said the Deputy Prime Minister and head of the Ministry of National Defense, Władysław Kosiniak-Kamysz, in the Sejm. and the police were on standby even before the high waters arrived. The services secured crisis places and ensured the safety of residents. “The first hours were devoted primarily to rescue. […] First of all, it was necessary to save human life, health and property and belongings of these people. This was the first, most difficult phase,” noted Donald Tusk. The second phase of assistance is ad hoc support. The government has secured funds to fight the effects of the flood. Each injured party can receive PLN 10,000 in emergency support. “Currently, over PLN 30,000 of these benefits have been paid within a few days. […] There will certainly be no shortage of funds,” the head of government emphasized. Flood victims can also receive up to PLN 100,000 in non-refundable support for the renovation or reconstruction of farm buildings. In the case of residential buildings, they can apply for up to PLN 200,000 in non-refundable support. “Wherever it is necessary to rebuild from the foundations or relocate residents from clearly flooded areas, or reconstruction will not make sense – the state will take on the organizational and financial effort,” he assured. Primer Ministro. Yesterday, the Council of Ministers adopted a draft bill containing provisions that are intended to facilitate the fight against the effects of the flood and help those affected. We will not leave people alone. The government has secured funds in the state budget to help those affected by the flood. We will also receive financial support of PLN 20 billion from the European Commission. Ministries also organize aid from their own budgets. “On Saturday we will amend the draft budget. Currently, we will have approximately PLN 23 billion at our disposal for eliminating the effects of the flood, emergency and financial assistance, repairs and reconstruction of infrastructure, as well as for Reconstruction Plus,” said the Prime Minister. Every person who has been left without a roof over their head can count on for state aid. No one will be left without a safe shelter. “We need to provide temporary places of residence, it may be a modular house, a container or, in the short term, a hotel for which we will pay,” said Donald Tusk. The Prime Minister assured that the fire brigade and army will continue to help in removing the effects of the flood. “We will have the forces of the army and fire brigade on site until this action of cleaning, drying and adapting these places to life again ends,” the head of government emphasized. The Reconstruction Plus program will lead to new infrastructure will be built in places affected by the flood, which will guarantee greater security in the future. Transparency of state activities. Crisis meetings held in southern and western Poland were broadcast by the media. Thanks to this, everyone could listen to the current report on the activities of the government, local government and services, as well as get acquainted with the current meteorological and hydrological situation. “I have consistently tried to make information on the flood situation available to all interested parties at least twice a day. This was necessary because there was a huge wave of disinformation that could impede the work of the services,” noted the Prime Minister. The Internal Security Agency was also involved in work for information security, which, among others, detained a person spreading false information about blowing up the embankments. Social media accounts were also detected that spread disinformation related to the flood in Poland. Commitment and dedication of the services. The great heroes of recent days are firefighters, soldiers and policemen who ensure the safety of residents in flood areas around the clock. “At the moment, 25 units are still assigned to the operation. thousand soldiers, 20 thousand are involved in direct operations. At the peak, there were over 25,000 soldiers engaged in the fight against the flood and removing its effects,” informed the Deputy Prime Minister and Minister of National Defense. As part of the activities of the Polish Army, over 1,300 units of military equipment were deployed. Additionally, engineering troops were involved in the activities, clearing 129 km of roads and making 27 reconnaissances of damaged bridges. 125 Patrol and Transport flights were also carried out. 4,539 people were evacuated, including 98 people by helicopter. “The army operates in all domains, it also takes care of serving meals. Since the beginning of the campaign, 18,000 have been spent. meals for civilians and 27,000 meals were distributed. liters of bottled water. So far, 48 military tankers have delivered approximately 1.4 million de litros de madera to various towns affected by the flood,” said Władysław Kosiniak-Kamysz. All services cooperated together for a very important purpose. The services’ action is still ongoing and will continue as long as necessary. The entire government was involved in anti-flood activities and those related to the effects of the flood. A total of 14 Ministers presented reports on the activities of their ministries to the Sejm.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: ASIA/BANGLADESH – The trials of Bangladeshi Christians and the support for the Rohingya (with the help of the Pope): interview with the Apostolic Nuncio

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    Thursday, September 26, 2024

    by Fabio BerettaDacca (Agenzia Fides) – “The situation in Bangladesh”, where Christians represent just 0.30% of the population, “is very delicate. In general, Christians live peacefully, but there have been cases in which they have suffered abuse and bullying from their neighbors.” This was told by Archbishop Kevin Randall, Apostolic Nuncio in Bangladesh since 2023, who, when asked by Fides about the recent meeting he had with the Chief Advisor of the transitional government, outlines a cross-section of society and the commitment and support of the local Church and the Pope Francis in support of the Rohingya. After the protests and social tensions, what is the situation in Bangladesh? The situation in Bangladesh is very delicate. With an interim government some are wondering when there will be elections. Others want to rewrite the Constitution. Others say an interim government has no authority to rewrite the Constitution. In the meantime, mob violence dominates the country and the rule of law is reduced. How are Christian communities experiencing this historical moment? In general, Christians live peacefully, but there have been cases in which they have suffered abuse and bullying by of their neighbors. The police are helpless. After Sheik Hasina left the country, many officers became afraid and went into hiding. They left their uniforms to wear civilian clothes and no longer went to work. Do the Christian communities have specific expectations or feelings compared to the rest of the population? Yes, the Christian community hopes that the provisional government will protect the minorities in this transition period. Christian villages are under threat because there are those who aim to take over their land, even if they come from the same ethnic group as them. Many citizens, whether Christian, Buddhist or Hindu, are treated as unwelcome people, “as if they were foreigners”, when they are not. The Constitution declares that Bangladesh is a secular state with an official religion: Islam. But there are those who confuse the expression “official religion of the State” with the idea that “minorities do not belong to this land” and that this is “an Islamic State”. During the meeting with Muhammad Yunus, Chief Advisor to leadership of the provisional government, the need to “protect” minorities emerged. Where does this concern come from? According to the 2022 census, Christians in Bangladesh represent 0.30% (about 500,000 believers) of the national population. There have been cases of threats against villages, homes and especially schools. In many Catholic schools there have been intimidations leading to several teachers being fired. Some Muslims told school leaders that their children would dress in a certain way, especially if they were girls. But wearing the burqa is against our uniform regulations. With Dr. Yunus I discussed issues that concern Christians, as well as Buddhists and Hindus. It must be remembered that the Hindu minority is around 8%. They had many temples destroyed, their shops were burned. Dr. Yunus agreed that all minorities need protection and is trying to establish a law that would bring order. Recently, the creation of an interreligious dialogue body between the Holy See and scholars of Islam in Bangladesh has been suggested. How was this idea received? The idea of ​​having an interreligious dialogue is not mine. The Dicastery for Interreligious Dialogue, through a letter, asked for it but already years ago, when Cardinal Jean Louis Tauran was head of the then Pontifical Council for Interreligious Dialogue. Tauran himself, during his trip here to Bangladesh, spoke about it with former prime minister Sheik Hasina. I raised this idea with Sheik Hasina and, more recently, asked Dr. Yunus and his team to think concretely about this possibility. The concept was well received, but I think they have other concerns. With respect to this project, are there already concrete steps for its realization? No, but they can be proposed. We can’t force it. Unlike the United Arab Emirates, where Pope Francis signed the document on fraternity, or Indonesia, where the same Pontiff signed a new document on tolerance praising the “friendship tunnel” that connects the cathedral to the mosque in Jakarta, In Bangladesh, interreligious dialogue does not find much support, even when it is practiced at the level of academic discussions. On humanitarian assistance to Rohingya refugees, the Chief Councilor asked for the support of the Vatican. How can this request be taken into consideration? The Chief Councilor did not ask me for help from the Holy See, as reported by various media. He has asked for the Holy See’s support in the reforms he and his team are carrying out but not in terms of financial help, including with regards to the Rohingya. It was I who asked the Chief Adviser, on behalf of the Pope, to continue to help and protect the Rohingya. I explained that the Catholic Church’s Caritas organization has been helping displaced people continuously since 2017, but that funding is dwindling. Before my departure for Bangladesh, Pope Francis asked me not to forget the Rohingya. These migrants were experiencing violence in their own country and came here for help. But unfortunately, the Rohingya are perceived by the Burmese as an ethnic and religious group that belongs to “this country”, Bangladesh. Cardinal Patrick D’Rozario and I paid an official visit. The living conditions are very difficult. Children and young people are not given any education. Additionally, by law, 25% of our assistance must go back to the local community. I am happy to announce that the Pope is sending further financial aid. This gesture of his will help many. (Agenzia Fides 26/9/2024)Share:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Economics: Status of Digital Financial Literacy in Lakshadweep Islands: Bottlenecks and Way Forward

    Source: Reserve Bank of India

    Today the Reserve Bank of India placed on its website a research study titled “Status of Digital Financial Literacy in Lakshadweep Islands: Bottlenecks and Way Forward” under the Project Research Study1. The study is based on the primary data collected from all the ten inhabited islands in Lakshadweep – Agatti, Amini, Andrott, Bitra, Chetlat, Kadmat, Kalpeni, Kavaratti, Kiltan and Minicoy – to analyse the present status of digital financial literacy and digital financial inclusion. While households were the primary unit of enumeration of the survey, SHG members, bank employees, school authorities, students and business-persons in the islands were also interviewed.

    The major findings of the study are the following:

    • All individual respondents in the surveyed islands reported access to bank deposit accounts. Not just access but the usage of deposit accounts was higher with about 90 per cent of the respondents reporting an operation of their accounts for the purposes of savings.

    • Though there was no gender gap in the access to bank deposit accounts, there was a considerable difference between men and women with regard to banking habits in general, usage of deposit accounts in particular. While about 91 per cent of the men operated their accounts by themselves, the corresponding figure among women was 71 per cent.

    • Not just basic literacy but also digital literacy, assessed in terms of possession as well as competency to use mobile phones and computers, was found to be high among the survey respondents.

    • Automated Teller Machines (ATMs) were the most popularly used means of digital banking in the islands. About 90 per cent of the respondents in the islands had ATM cards, while 80 per cent reported an actual usage of these cards. Internet banking was not widely prevalent in the islands and only about 38 per cent of the respondents used mobile banking.

    • Despite a high degree of financial inclusion and digital literacy, a major barrier towards digital financial inclusion in the islands was the poor Internet connectivity; respondents reported apprehensions about digital transaction failures, which often discouraged them from using Internet and mobile banking.

    • Only about 30 per cent of the survey respondents were familiar with digital hygiene habits assessed in terms of usage of public Internet connections, which can be risky; closing of digital payment apps after transactions; and usage of secure passwords.

    In sum, despite being secluded geographically and with limited economic activity primarily surrounding fisheries and tourism, the financial sector in the Lakshadweep islands is well-entrenched primarily on account of banks. Banks have played an important role in the financial inclusion of the islands. Going forward, strengthening of Internet and mobile network connectivity can be a key to expanding digital financial inclusion in the islands.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1162


    MIL OSI Economics

  • MIL-OSI Africa: Moody’s Affirms Africa Finance Corporation’s (AFC) A3 Rating with a Change from Negative to Stable Outlook

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

    LAGOS, Nigeria, September 26, 2024/APO Group/ —

    Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced that it has received an uplift to its credit ratings outlook from Moody’s Investors Service, with the assignment of a “stable” outlook. This decision further solidifies AFC’s position as one of the highest investment-grade African institutions, with Moody’s affirming the Corporation’s long-term issuer and senior unsecured ratings at A3, as well as AFC’s short-term issuer rating at P-2.

    “Notwithstanding increased country risk in several of AFC’s countries of operation over the past year, asset performance has proven resilient amid effective credit protections,” Moody’s analysts stated in its latest report. “The stable outlook also reflects management’s governance track record and early intervention capacity to mitigate materializing risks at an early stage.”

    Moody’s A3 rating affirmation reflects AFC’s adherence to its prudential guidelines to safeguard the Corporation’s intrinsic financial strength based on solid capital adequacy and high-quality liquidity buffers. In FY2023, the Corporation recorded outstanding financial performance with Capital Adequacy Ratio increased to 34.5% from 34.3% in 2022 and Cost-to-Income Ratio improved to 19.6%, from 22.7% in 2022. Additionally, the Corporation recorded Liquidity Coverage Ratios (LCR) of 161% and 143% under normal circumstances and a stress scenario respectively, significantly higher than the Corporation’s LCR requirement of greater than 100% in both scenarios.

    The decision by Moody’s is crucial for AFC to continue leveraging its top-tier credit ratings to achieve among the lowest borrowing costs of any institution in Africa, for transformational infrastructure projects in power, natural resources, transport, and technology that drive rapid industrialisation and job creation on the continent. Landmark initiatives include Djibouti’s first wind farm, with AFC as lead developer advancing plans to become the first African country wholly reliant on renewable sources for energy, and the Lobito Corridor rail project, with AFC again as lead developer working alongside the US, European Union and governments of Angola, DRC and Zambia to mobilise industry and connect the Atlantic and Indian oceans.

    “Amidst the current challenging global macroeconomic and financial conditions, we are pleased to receive such strong endorsement from Moody’s, a key lever in our access to global capital markets,” Samaila Zubairu, President and CEO of AFC, said “It reinforces our position as the resilient and reliable partner for a more prosperous African future and an indispensable ally in mobilising urgently needed capital to build the infrastructure that integrates Africa and enables its industrialisation.”

    “The change in outlook to stable from negative is driven by our expectation that AFC will be able to maintain a stable, if not improving leverage ratio and that the asset performance track record will be preserved.” Moody’s analysts said, commending AFC. “The improved leverage outlook reflects the Corporation’s continued equity raising strategy. The Corporation exceeded its $1 billion target in 2019-23 and aims to raise a similar amount during 2024-28. Moreover, the corporation lowered its dividend payout ratio starting 2023 which will help retain a higher share of earnings and grow the capital base organically in the future,” they reported.

    In the face of uncertainty in the global financial landscape, AFC successfully maintains access to the global capital markets, a testament to the confidence that investors place in the Corporation’s robust credit risk profile and it’s growing global appeal. This year, AFC has completed several pivotal funding transactions including its largest ever debt facility, a US$1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe, and Asia.

    For the full statement from Moody’s, please click here (https://apo-opa.co/3XGd2FV).

    MIL OSI Africa

  • MIL-OSI Translation: The Council of State presents its ambitious plan for purchasing power and opposes the so-called 12% tax initiative

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Swiss Canton of Vaud – news in French

    Press release from the Council of State

    Published on September 24, 2024

    Partners

    Tax strategy for individuals

    The Council of State presented today its tax reform strategy intended to support, along with other measures, the purchasing power of the people of Vaud. This “Purchasing Power Plan” aims to redistribute nearly 270 million francs per year to the population by 2027 and represents nearly one billion francs cumulatively over the entire current legislature. It is part of the major balances constructed in the legislative program and constitutes one of the most ambitious cantonal tax reforms for individuals, comprising progressive and financially absorbable measures. This plan serves as an indirect counter-project to the popular initiative “Tax cuts for all: restoring purchasing power to the middle class” – deemed excessive – and which the Council of State opposes.

    Since the beginning of the legislature, the Council of State has taken several measures to strengthen public benefits to the population that have a direct or indirect impact on purchasing power and improving the quality of life: pricing policy for mobility, professional training in the field of health and social policy. In this last area, family allowances will increase from 2025.

    In a context where the financial outlook has deteriorated (inflation, successive crises, deterioration of federal finances), the Government wishes to maintain the major balances forged in its legislative programme and proposes to the Grand Council to reject the initiative for a 12% tax cut which, with an estimated impact of around half a billion francs per year in tax revenue reduction, would have too significant an effect on cantonal finances and services to the population. The attractiveness of a canton is not only measured by its taxation, but also by the range and quality of services provided to the population by its public services.

    By presenting its Purchasing Power Plan, the Government is today making its fiscal commitments a reality. This plan has three ambitious objectives:

    Firstly, reduce the tax burden on Vaud taxpayers; secondly, improve the tax attractiveness of the Canton of Vaud in order to attract new taxpayers; thirdly, guarantee the financing of public policies and services to the population.

    The Purchasing Power Plan is made up of a series of measures, some of which have already been submitted to the Grand Council and others will be submitted shortly. Thus, nearly 270 million francs will be indirectly redistributed to the people of Vaud by 2027, or nearly one billion francs cumulatively over the entire current legislature. Specifically, the Council of State is proposing to the Grand Council a reform aimed at reducing income tax by a total of 5% and wealth tax by 5% by the end of the legislature. It also proposes raising tax thresholds and improving the framework conditions for inheritances and donations, in order to promote family inheritance and the transfer of businesses to direct descendants. These measures are in addition to the increase in the deduction for health insurance premiums, the deduction for childcare costs, and the reduction in the taxation of movable assets, all of which will come into force in 2023.

    An amendment to the law on the effects of the tax shield is planned, as is, for companies, an amendment to the directive on the estimation of unlisted securities for the purposes of wealth tax (working tool).

    In a long-term vision aimed at promoting purchasing power, the Council of State is also launching work to reform the tax scales on income and wealth, targeting the middle class, subject to the completion of individual taxation at the federal level.

    The Purchasing Power Plan is ambitious and serves as an indirect counter-project to the popular initiative “Tax cuts for all: restoring purchasing power to the middle class” which the Council of State opposes. Indeed, while it shares the will and objective of the initiators to improve the purchasing power of the people of Vaud, the Council of State considers that progressive and financially absorbable measures are preferable. The Government considers that the initiative for a 12% tax cut would harm the balance of public finances if accepted, which is why it invites the Grand Council in its notice to reject it.

    Information and Communication Office of the State of Vaud

    Press information only

    Downloads

    PDF version of the press release

    Other press releases

    This page allows you to find all the press releases published since 1997 by the Council of State, the departments of the cantonal administration, the Grand Council and the Judicial Order. Its shortcut is http://www.vd.ch/communiques. The press releases distributed by other State institutions are available on the following pages:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI United Kingdom: Tereos fined for failure to comply with CMA merger procedures

    Source: United Kingdom – Executive Government & Departments

    The CMA has found that Tereos failed to comply with a requirement to produce information in connection with its recent investigation into Tereos’ deal with T&L Sugars.

    The Competition and Markets Authority (CMA) has imposed a fine of £25,000 on Tereos SCA and Tereos United Kingdom and Ireland Limited (together Tereos) for failing to provide relevant information in relation to the T&L Sugars/Tereos merger inquiry.  

    As part of the CMA’s phase 2 investigation, a notice was sent to Tereos under section 109 of Enterprise Act 2002 (the Act) requiring the production of certain minutes and internal documents in relation to its board and corporate governance. Tereos responded to the notice, however, following further enquires by the CMA it was found that Tereos failed, without reasonable excuse, to provide a full response.  

    In particular, the CMA Inquiry Group found that Tereos’ interpretation of the scope of the notice was unjustifiably narrow and untenable when viewed in the context of the object of the merger inquiry and that the failure was capable of having an adverse impact on the CMA’s investigation.    

    In order to reach sound decisions that benefit consumers and the UK economy as efficiently as possible, it is essential that the CMA is able to gather all the evidence it requires. Parties must therefore comply, on time and in full, with requests for information from the CMA during an investigation.

    Richard Feasey, Chair of the independent inquiry group which led the investigation, said: 

    It’s important that firms respect the UK merger review process – which includes providing all the information we need to promptly progress our investigation.  

    Firms and their advisers must not apply their own narrow, artificial interpretation of our formal information gathering requirements– as Tereos has done so here. Had they responded properly then Tereos could have avoided this fine altogether.

    Currently, where there is a failure to comply, without reasonable excuse, with a requirement of a notice under section 109 of the Act, the maximum fixed penalty the CMA is able to impose is £30,000. This is due to increase to 1% of the total value of a business’s worldwide turnover once amendments introduced by the Digital Markets, Competition and Consumers Act 2024 (DMCCA) come into force.  

    For more information, visit the T&L Sugars / Tereos merger inquiry page.

    Notes to editors:   

    1. A copy of the full notice is available via the case page. 

    2. Tereos was represented in the CMA’s investigation by its solicitors, Squire Patton Boggs.  

    3. The CMA received and considered the documents relevant to the notice under section 109 of the Act from Tereos in advance of clearing the merger on 3 September 2024.  

    4. Where a party fails, without reasonable excuse, to comply with investigatory requirements such as a notice requiring the production of documents, the CMA may impose an administrative penalty on that party. The CMA has published guidance Administrative penalties: Statement of Policy on the CMA’s approach (CMA4) on the CMA’s approach and powers in relation to imposing administrative penalties. A draft version of an updated version of the guidance, incorporating changes by the DMCCA was recently consulted on and the CMA is currently analysing feedback following the consultation closing on 23 August 2024. 

    5. The DMCCA received Royal Assent on 24 May 2024. It is currently anticipated that the relevant parts (Part 2, section 143(1) and Schedule 10 paragraph 17) of the DMCCA which relate to the amount of a penalty that can be imposed by the CMA under section 111 of the Act will enter into force in December 2024 or January 2025. These amendments to the Act increase the maximum penalty amount that can be imposed on a business for not complying, without reasonable excuse, with a notice under section 109 from £30,000 to 1% of the annual worldwide turnover in the case of a fixed penalty and from £15,000 to 5% of the daily worldwide turnover of the business in the case of a daily amount.  

    6. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI Economics: Monetary developments in the euro area: August 2024

    Source: European Central Bank

    26 September 2024

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 increased to 2.9% in August 2024 from 2.3% in July, averaging 2.5% in the three months up to August. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, was -2.1% in August, compared with -3.1% in July. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 10.6% in August from 11.4% in July. The annual growth rate of marketable instruments (M3-M2) increased to 22.0% in August from 21.4% in July.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed -1.4 percentage points (up from -2.1 percentage points in July), short-term deposits other than overnight deposits (M2-M1) contributed 3.0 percentage points (down from 3.2 percentage points) and marketable instruments (M3-M2) contributed 1.3 percentage points (up from 1.2 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households increased to 2.3% in August from 2.1% in July, while the annual growth rate of deposits placed by non-financial corporations stood at 1.8% in August, compared with 1.7% in July. Finally, the annual growth rate of deposits placed by investment funds other than money market funds increased to 11.7% in August from 6.3% in July.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in August 2024, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 4.0 percentage points (up from 3.8 percentage points in July), claims on the private sector contributed 1.2 percentage points (up from 0.9 percentage points), claims on general government contributed -0.4 percentage points (as in the previous month), longer-term liabilities contributed -1.8 percentage points (up from -1.9 percentage points), and the remaining counterparts of M3 contributed 0.0 percentage points (up from -0.1 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents increased to 0.6% in August 2024 from 0.3% in the previous month. The annual growth rate of claims on general government stood at -1.1% in August, unchanged from the previous month, while the annual growth rate of claims on the private sector increased to 1.2% in August from 0.9% in July.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 1.6% in August from 1.3% in July. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 0.6% in August, compared with 0.5% in July, while the annual growth rate of adjusted loans to non-financial corporations increased to 0.8% in August from 0.6% in July.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Immediate measures to step up safeguards against African swine fever from Europe

    Source: United Kingdom – Executive Government & Departments

    The mitigation measures will help to prevent the spread of ASF across the border, protecting the pig sector worth over £8 billion to the UK economy 

    Immediate measures have been introduced to protect pig farmers and industry from an African swine fever (ASF) outbreak. 

    ASF is a highly contagious and deadly disease in pigs and wild boar that can be transmitted through infected meat, but poses no risk to human health. The new safeguarding rules will help protect UK livestock by mitigating its spread across the border to the UK.  

    To safeguard the UK’s pig and farming industries, personal imports of pork and pork products from the EEA (European Economic Area), the Faroe Islands, Greenland and Switzerland will be banned from tomorrow (Friday 27th September), unless such products are manufactured and packaged to EU commercial standards and weigh less than a maximum of 2kg. 

    An outbreak of ASF could have a significant impact on the UK’s £8 billion pig industry, as well as its annual pork and pork product exports worth £600 million. It is estimated that an outbreak could cost the UK between £10 million to £100 million.  

    Biosecurity Minister Baroness Hayman said:  

    African swine fever is a deadly disease wreaking havoc in Europe.   

    These new measures will protect British pig farmers and pork products, preventing infected meat from being brought over the border and threatening our biosecurity.

    The UK has never had an outbreak ASF, and commercial meat imports are routinely checked at the border to ensure infected goods do not reach UK shores. 

    Preventing an outbreak of ASF in the UK remains one of Defra’s key biosecurity priorities, and it keeps policy on personal meat and dairy imports under constant review, as well as works closely with devolved governments on contingency planning and preventing an incursion from infected goods. 

    Those found to bring pork or pork products illegally may be fined up to £5,000 in England. Products will be seized and destroyed on arrival.  

    Defra is investing £3.1 million to Dover Port Health Authority for 2024/25 to help Border Force tackle illegal meat imports and keep African Swine Fever out of Great Britain.

    Updates to this page

    Published 26 September 2024

    MIL OSI United Kingdom

  • MIL-OSI: UXLINK Now Listed on the Crypto.com

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) —  UXLINK is excited to announce that $UXLINK is now officially listed on the Crypto.com App, one of the leading cryptocurrency platforms in the world. Users can now seamlessly purchase $UXLINK with USD, EUR, and over 20 additional fiat currencies, making it easier than ever to trade and invest in this innovative asset.

    With millions of users globally, Crypto.com provides a secure, user-friendly experience for buying, selling, and managing cryptocurrencies. The addition of $UXLINK to the platform enhances accessibility for both new and experienced traders alike.

    Download the Crypto.com App to trade $UXLINK today:
    crypto.onelink.me/ADTi/d39hnmqo

    For more information on this listing, please visit:
    crypto.com/product-news

    Follow us on Twitter for the latest updates:
    @UXLINKofficial

    Overview of UXLINK:

    UXLINK stands at the forefront of Web3 social platforms and infrastructure, offering a comprehensive ecosystem that integrates social networking with blockchain technology. With over 100 ecosystem partners, UXLINK is dedicated to providing innovative solutions that drive user engagement and growth. The introduction of the SLP system underscores UXLINK’s commitment to fostering a vibrant and dynamic community, enhancing the value of $UXLINK tokens, and setting new standards in the social infrastructure space.

    About UXLINK:

    UXLINK is the world’s largest Web3 social platform and infrastructure provider, connecting a wide array of ecosystem partners and users through a seamless and interactive digital experience. By leveraging blockchain technology, UXLINK aims to redefine social networking, ensuring a secure, transparent, and rewarding environment for its global community.

    Contact Details:
    UXLINK Web: https://www.uxlink.io/
    UXLINK Twitter : https://twitter.com/UXLINKofficial
    UXLINK Telegram: https://t.me/uxlinkofficial

    Contact Information:

    UXLINK
    admin@uxlink.io

    Media Contact:
    Rachita Chettri
    MediaX Agency
    contact@mediax.agency

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/552cec76-e9fb-40f6-abb6-5c35ac91e7dc

    The MIL Network

  • MIL-OSI: Key Carbon & Marex Group Announce Carbon Financing and Investment

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and LONDON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Key Carbon and Marex Group Plc (“Marex”) today announce a partnership whereby Marex will take a minority stake in Key Carbon and provide financing for carefully-sourced offset projects.

    Key Carbon sources and finances carbon credit projects and provides ongoing governance, monitoring and operational support to ensure its projects are held to the highest quality and integrity standards. The funding from Marex will predominantly be used to help finance the production and distribution of low-emission, affordable cookstoves within Africa through the project developer Global Cookstoves, Key Carbon’s joint venture with BURN Manufacturing (“BURN”). To date, Key Carbon has provided US$45 million in funding to Global Cookstoves to expand the roll out of critical projects across eight African countries.

    This partnership will allow Marex to gain access to a wider carbon client base as well as streams of carbon credits, as it seeks to grow its environmental business and support clients as they transition to a low carbon economy.

    Inclusive of this latest funding from Marex, Key Carbon will have funded over 1.5 million biomass-fuelled cookstoves across 8 countries in Africa, improving the lives of an estimated 7.5 million people. These highly efficient cookstoves, along with other projects funded by Key Carbon, are expected to avoid or remove more than 46 million tonnes of carbon dioxide (“CO2”) or CO2 equivalent.

    Luke Leslie, Co-Founder and CEO of Key Carbon, said: “This latest partnership is a powerful endorsement of our approach to investing in the VCM and demonstrates our ongoing ability to attract meaningful funding in a challenging market through our robust approach to sourcing and governance. Partnerships like this will be critical to accelerating climate action and delivering tangible benefits to vulnerable communities.”

    Bastien Declercq, Head of Environmental at Marex, said: “This partnership will allow us to further diversify our emissions offering and give us access to a new range of market participants that we can service through our comprehensive platform. Reliable access to trustworthy sources of carbon credits has held the market back in the last few years. By moving up the value chain we can play a more relevant role for our clients in helping them to transition to a greener future.”

    About Key Carbon

    Founded in 2021, Key Carbon is a permanent capital vehicle, building a large, diversified portfolio of high-integrity carbon credit streams and royalties for corporates and other organisations on their journey to Net Zero. Since incorporation, the Company has financed several critical projects including the planting of 3.75 million trees and the distribution of clean cookstoves to an estimated 7.5 million people across Africa. The company’s mission is to help combat climate change, improve local biodiversity, soil health and water quality, and benefit some of the world’s most vulnerable communities. For further information, please visit our website at http://www.key-carbon.com.

    About Marex
    Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The Group provides comprehensive breadth and depth of coverage across four core services: Clearing, Agency and Execution, Market Making and Hedging and Investment Solutions. It has a leading franchise in many major metals, energy and agricultural products, executing around 129 million trades and clearing 856 million contracts in 2023. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. Headquartered in London with more than 35 offices worldwide, the Group has over 2,000 employees across Europe, Asia and the Americas. For more information visit http://www.marex.com.

    The MIL Network

  • MIL-OSI: Bitget Wallet Integrates Unizen DEX Aggregator, Broadening Trading and Liquidity Features

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 26, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, announces the integration of Unizen, a multi-chain DEX aggregator, into its Swap feature on mobile and browser extensions. This integration enhances trading options and expands liquidity access, adding Unizen’s capabilities across 13 blockchains and 197 liquidity pools.

    The Swap function in Bitget Wallet aggregates hundreds of DEXs and cross-chain bridges, enabling users to perform token swaps, limit orders, and cross-chain services across 50+ blockchains. With the addition of Unizen, users can benefit from a broader selection of trading routes and deeper liquidity pools, which can make decentralized trading more seamless and efficient.

    To further improve the user experience, Bitget Wallet offers advanced features such as real-time market trends, trending token rankings, gas-free trading, automatic slippage adjustments, and Smart Money tracking, allowing users to follow expert traders’ moves. Lightning-fast transaction modes also ensure minimal delays for active traders.

    The integration with Unizen aligns with Bitget Wallet’s vision of providing a unified Web3 trading environment where users can manage, trade, and grow their assets across multiple chains. “We are constantly striving to bring more liquidity and trading options to our users,” said Alvin Kan, COO of Bitget Wallet. “The integration of Unizen supports our goal of creating a multi-chain trading experience, allowing users broader access to the DeFi ecosystem with greater efficiency and transparency.”

    About Bitget Wallet
    Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a strong Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is a leading option for asset discovery and Web3 exploration.

    For more information, readers can visit: Website | Twitter | Telegram | Discord

    For media inquiries, readers can please contact media.web3@bitget.com

    About Unizen
    Unizen is a leading DEX aggregator, enabling cross-chain swaps and DeFi access to UTXO assets like native Bitcoin and Dogecoin. Utilizing its in-house trade splitting and routing algorithm, Unizen aims to minimize slippage and reduce gas costs, offering advantages over other DEX aggregators.

    Additionally, Unizen aggregates interoperability providers to offer fast and cost-efficient access to liquidity across multiple blockchains, with the goal of optimizing trading outcomes and enhancing user experience.

    In addition to aggregation, Unizen is expanding its ecosystem with the launch of ZenChain, a Layer-1 blockchain that will utilize ZCX, the native token, for gas fees. ZenChain is a foundational part of the evolving Unizen ecosystem, which also includes diverse components such as decentralized governance, the Earn 2.0 staking program, and more.

    Unizen is committed to continually advancing the decentralized financial space, providing fast, more cost-efficient solutions while enhancing the overall DeFi experience.

    Readers can learn more here: Unizen X I ZenChain X I Discord I Telegram I Website I Application I CMC

    Contact

    PR team
    media.web3@bitget.com

    The MIL Network

  • MIL-OSI: Virtu Financial Congratulates Women in Finance Award Recipients Leah Goldsberry and Trish McMenamin

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, is proud to announce that Trish McMenamin, Chief Compliance Officer, and Leah Goldsberry, EMEA Head of Analytics Client Coverage, have both been recognized at Markets Media’s European Women in Finance Awards.

    Trish McMenamin received the Excellence in Legal and Compliance award for her leadership in transforming Virtu’s Dublin-based regulatory program and her collaboration efforts across the global platform and global teams. With over a decade of experience, Trish has consistently demonstrated integrity and a commitment to compliance excellence.

    Leah Goldsberry was awarded the Rising Star honor for her contributions in managing key client relationships and leading Virtu’s EMEA analytics team. Leah’s adaptability, leadership, and client-oriented approach have made her a driving force within the firm’s international growth.

    “Trish and Leah exemplify Virtu’s commitment to excellence, innovation, and teamwork,” said Rob Boardman, EMEA CEO of Execution Services at Virtu Financial. “Their well-deserved recognition is a testament to their hard work and dedication, and we are very proud of their achievements.”

    The firm extends its thanks and appreciation to Leah and Trish for the examples they set at Virtu and the financial services industry.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    investor_relations@virtu.com
    media@virtu.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Westhaven Receives Commitment for Strategic Investment from Rob McEwen of C$1.5 Million as Part of Previously Announced Brokered Private Placement Offering

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce, further to its press release dated September 25, 2024 announcing a $5,000,000 brokered best efforts offering (the “ Marketed Offering”) with Red Cloud Securities Inc. (the “Agent”) acting as agent, the Agent has received overnight a commitment from Rob McEwen for participation in the Marketed Offering as a subscriber.

    As previously announced, the Company entered into on September 25, 2024, an agreement with the Agent to act as sole agent and bookrunner in connection with the Marketed Offering to raise gross proceeds of C$5,000,0000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Rob McEwen has agreed to make a strategic investment of C$1.5 million in Offered Securities, through his private holding company Evanachan Ltd. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Offered Securities will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Offered Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

    The Agent was granted the option, exercisable in full or in part, up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an amended offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this amended offering document before making an investment decision.

    On behalf of the Board of Directors
    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the proposed participation by Mr. McEwen and the size of that participation; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network

  • MIL-OSI: Defiance Announces Shift to Weekly Distributions and Name Change for 0DTE Income ETF Suite

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading innovator in thematic and income-based exchange-traded funds (ETFs), is excited to announce the renaming and strategy update for its suite of Daily Options Income ETFs to better reflect the adoption of same-day expiration options (0DTE) and an enhanced income strategy.

    Effective September 26th, the following changes have been implemented:

    • Defiance Nasdaq 100 Enhanced Options Income ETF (Ticker: QQQY) has been renamed to Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF.
    • Defiance S&P 500 Enhanced Options Income ETF will now trade under the new ticker symbol WDTE and has been renamed to Defiance S&P 500 Enhanced Options & 0DTE Income ETF.
    • Defiance R2000 Enhanced Options Income ETF (Ticker: IWMY) has been renamed to Defiance R2000 Enhanced Options & 0DTE Income ETF.

    Revised Income Strategy: Targeting Weekly Distributions

    Each Fund has revised its principal investment strategy to target weekly distributions rather than monthly. This shift is designed to better align with the income generation opportunities provided by the daily options strategy.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs has emerged as a leading ETF issuer dedicated to income and thematic investing. Defiance’s actively managed options ETFs are designed to potentially enhance income for investors, with distributions now targeted on a weekly basis.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). JEPY, QQQY, and IWMY are distributed by Foreside Fund Services, LLC.

    “Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.”

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    An Investment in the Funds is not an investment in the Index, nor are the Funds an investment in a traditional passively managed index fund.

    QQQY Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    JEPY Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    JEPY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    IWMY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. ­The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Distributed by Foreside Fund Services, LLC.

    The MIL Network

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the 83rd CSIR Foundation Day Celebrations at the NASC Complex, New Delhi

    Source: Government of India (2)

    Posted On: 26 SEP 2024 3:06PM by PIB Delhi

    Good morning, all of you. 

    It could not have been more delightful for me, everyone present in this room is a role model for me. Your contributions are spinal, your contributions in silence are resonating with the last man in the last row, your efforts are changing Bharat. A great occasion for me to be here, this is a very distinguished premium platinum category that is defining the growth history of Bharat, home to one-sixth of humanity. 

    Professor Ajay K. Sood, rightly honoured with the civilian distinction of Padma Shri, Principal Scientific Advisor to the Government of India, his address though brief on account of constraints of time, was illuminating. He indicated synergetic stance being generated with all stakeholders to ensure sustainability of the rise of Bharat. 

    Dr. K. Radhakrishnan his lecture will be a feast to intellect, team excellence, team itself in hears excellence, team is something which is harmonious. Harmony doesn’t mean keeping your point of view to yourself, harmony means having enough space to voice the other’s point of view. It is heard with respect, not rejected by drop of a hat. Team excellence is the ultimate sublime evolution of it, then, Indian Space Odyssey and your life lessons.

    I have instructed my team to record it, I will have a look at it, as will millions, through our platform in Rajya Sabha and Parliament. 

    Dr. N. Kalaiselvi, Director General, CSIR, normally we say, the man is always in the move, gone are those days, she is always on the move, always in action, with passion, mission, and execution. 

    I very fondly remember the visit I had where she was there, I had the occasion to see for myself how the aviation landscape of skilling will be changed by what her team has created. I had the occasion to visit Dehradun and another institute in her absence, we are proud of her because she sacrificingly gives credit to everyone except herself. I was greatly touched by this reflection of Indian civilisational ethos.

    Dr. G. Mahesh he is a Chairperson of the CSIR Foundation Day Celebration, we are gratified and honoured by the presence of those who laid the firm foundations of CSIR who headed it as DGs Dr. Mashelkar is present here. 

    Dr. Samir Brahmachari  is amongst us but science is all about finding out. Everyone present here, particularly in the front row, is to be respected by us. Because like education, education never ends when you leave an institution, education is life long learning same they may have left legally CSIR but their bond continues. 

    I must mention the Central Electronics Limited chairperson, Mr. Jain, for one reason, the honourable minister, who is very passionate about this sector, he wanted to come, I dissuaded him please won’t, he was preoccupied unavoidably.

    Distinguished scientists, researchers, staff, and esteemed audience, my greetings to the entire scientific community in the country, we are beholden to this category for the contributions they have made to make a Viksit Bharat which is before us today. This day is a special day, not just for CSIR alone. This is a very special day for the nation because if we go into our historical perspective, we will find that ages ago, our Bharat had scientific prowess. We were global leaders, we were the centre of the globe when it came to scientific knowledge, the kind of discoveries and inventions that were made by us made the world proud, we lost our way somewhere, we are regaining that way. 

    It is your foundation day, but it is integrally connected with the firm foundations of Bharat, you are firming up those foundations of the most vibrant, functional democracy on the planet. You are firming up the foundations of a nation that is on the rise as never before, and this rise is unstoppable, the rise is incremental, and the destination of a developed nation by 2047 will be realised, if not earlier.

    What I see here is your activities and activities of your sister’s concerns.  It is an endorsement that we are on the way to regaining our past pristine glory in the world of science. As I said, your contributions are in silence, I am using the word “silos” in a positive sense, your activities are in silos, but they physically, positively, and affirmatively impact the lives of 1.4 billion people.

    CSIR can be defined as a catalyst scientifically and imaginatively for Ras. C for catalyst, S for scientifically, I for imaginatively, and R for rashtra. 

    Distinguished audience, it is my great honour and privilege, and it will forever be etched in my memory, that I am associating with the 83rd Foundation Day of CSIR. This is an occasion to commemorate and commend the past achievements, and also to look ahead, unfold a roadmap to be more significantly involved with the nation’s rise and global rise, because Bharat stands for Vasudev Kutumbakam.

    A journey that started in 1960, when I was in class four, and where we have come, is a recognition of the hard work you all have done. I am fully aware of the headwinds you face, the air pockets you endure, the difficult terrain you negotiate, and, on occasions, the lack of due recognition therefore an ecosystem existed earlier where you were contributing, but recognition was not forthcoming in the right form. Soothing to note that, in the last few years, recognition for the scientific community has increased. It has increased in several ways, including the government’s serious focus on it. The Prime Minister’s heart and soul are deeply connected to the scientific community. His belief in your power, prowess, and capacity to generate, at global level, those aspects of science which matter to humanity is evident. I am sure, therefore, that we are in good times.

    Now, there is an ecosystem in place where our scientists can fully exploit and expand their energy, exploit their talent, and contribute to the nation by unleashing their innovative skills. I was not surprised, because that was my expectation, but I was in disbelief when I went through the thematic exhibition, amazing things are happening. Imagine if, from bamboo, you can have wooden flooring. Imagine if, from bamboo, you can have something which far superior or equivalent to sagon teak wood and sagon teak wood life is 4 decades or so. It helps the farmer, and it creates wealth. I am making a reference only to only one, there were many such things, I was greatly touched. 

    These developments reaffirm my confidence, and the confidence of the nation, that Bharat is a factor to reckon with globally. Your tremendous accomplishments have emboldened me to assert that, in research and development, it is matter of time when we will be having our due share at the moment, we are on way to it., much remains to be done. Several energies have to converge, they have to converge diligently, they have to work togetherness and in tandem, there has to be the right amount of fiscal input.

    I am so glad that the Principal Scientific Advisor that is uppermost in his mind, you may not be aware, and it may not have been covered in the media, but he is your star batsman when it comes to securing everything for your scientific community. 

    Let me make a brief reference to the Union Budget 2024-25. He must have put his foot down, I am sure of it when the budget is formed, there are always too many claimants. He fought for your segment, got the due, and it can only be incremental henceforth. It emphasises the budget. Innovation, Research and Development, and Anusandhan – the National Research Foundation has been started. I leave it at that; you know it when a beginning is made, even by a toddler, it takes shape over the years, unstoppably. My congratulations to him, for being your advocate with the government, you are an able advocate. I am so glad. 

    The growth engine of the nation, any nation in the world, is driven by science and technology and this is fuelled by research and development, this makes the focus on research and development of paramount importance. I call upon you from this platform to come forward and generously invest in research and development. I look forward to the day when our corporates will figure in the top 20 global corporates that invest in research and development at the moment, there is none, that doesn’t mean our corporates are not doing enough, they are doing enough. In automobile and in information technology, much is being done but looking at our nation’s size, its potential, its position, and the growth trajectory on which it is, our corporates need to come forward to engage in research and development.

    The investment in research and development is lasting and this, distinguished audience, please note, has another cutting edge: soft diplomacy, if you get something, nations flock to you. We have that power, research and development is so integrated with security these days therefore, investment is for the nation. Investment is for growth. Investment is for sustainability. 

    I am concerned about one aspect in particular, and that aspect, fortunately for me, was voiced in a survey by CSIR, the sample size was 3,000. We must not do lip service to research and development, our contribution has to be substantial, the result has to be substantial, not cosmetic or superficial. We cannot just take pride in saying so much for research and development. The one doing research or development in academic institutions should not be in pursuit only of academic information. Research is not a simulation. Research is research, and I therefore appeal to everyone concerned to have SOP for it. Invest in that human resource or institution that can authentically engage in research and development. The two are separate, when I went to one of the IITs – all IITs are doing well, I am not naming the IIT for that reason – I was amazed that research and development were excellent, it was being done by professors and students. So, we will have to be on guard that merely because physical resources are committed, we cannot take pride, saying, “Oh, I have spent so much for research and development.”

    Investment in research and development, distinguished audience, has to be correlated to tangible outcomes and there are people in the front row who can evaluate what is a tangible outcome. 

    Friends, there is enough to say, but I will conclude by focusing on the state of the nation, state of the nation today is beyond my dreams. I never imagined it. I did not conceive of the earth as it is today, I did not have that contemplation. I am referring to 1989, when I was elected to the Lok Sabha. In 1990, I was a union minister. I will focus on four aspects. 

    One, we went to Jammu and Kashmir, Srinagar, as a member of the Council of Ministers. We stayed at a hotel near Dal Lake, everything was dull, not even twenty souls could be seen on the road, a state of dejection and hopelessness and it was declared in the Rajya Sabha, which I preside as chairman, that last year, two crore tourists went to Jammu and Kashmir. Where is the figure of twenty? Two crores, article 370, a temporary article of the constitution – the only article labelled as temporary was taken by some people, including those who had taken oath under the constitution to be permanent. It is no longer there.

    Second, I suffered the pain because, as a student, हमें पढ़ाया गया था कि भारत सोने की चिड़िया है। As a minister, I had the occasion to see our gold physically airlifted, to be placed in two Swiss banks to sustain our fiscal credibility, because our foreign exchange was around one billion US dollars. Now it is more than six hundred billion US dollars, mind you. We are getting things back rather than giving. I suffered the pain then when the World Bank and IMF would give us not advisories or advice, but peremptorily direct us: “Do this, otherwise…”  and now the same institutions, IMF says, India is a favourite global destination of investment and opportunity. World Bank says, digitisation of India and its penetration that happened in six years is otherwise not achievable in four decades or more. We are a role model, according to the World Bank, of digitisation, that happened there.

    Another aspect was that we had a system where corruption was rampant in power corridors, nothing could catalyse without a middleman, your pedigree was a password to opportunity and a job or a contract. Now power corridors are fully sanitised, the middleman has disappeared from the one-sixth of humanity, at least. Do we see middlemen around? No. All transactions are taking place digitally, without human interface. That is the change I never imagined. This change I am seeing myself. We were living in an era where there was privilege pedigree.some thought law was not for them, they were immune to law. They were not accountable to law, it was a concept not known to them but now, the privileged pedigree is feeling the heat of law and why not? Equality before the law is an inalienable facet of democracy. How can we call a nation a democratic nation if some people pass away more equal than others? That is the benefit to young minds and as a result of that, our youth are energised.

    The fourth point I wish to make is about the economy. I can’t even tell you the size of the Indian economy in 1990 was smaller than the city of London or Paris. Imagine. A decade ago, we were counted amongst the fragile five nations. A cliff hanging economy, a concern to the global community. Now we are a robust economy, we are amongst the five great economies of the world, we are the fifth largest, on the way to becoming the third, ahead of Japan and Germany, in two years. Our economic rise is like a plateau, affecting everyone. 

    In all this, the contribution of science is there, technology is there, corruption would have been there, Transparent, accountable governance would not have been there unless there was technology. Digitisation and penetration would not have happened but for democracy. People are adept at technology, they may not be very literate, but they know how to use the internet, how to avail themselves of services. This means the Great Marathon March for Viksit Bharat@2047. You are the major stakeholders. You may not be that visible on the screen, but you are the driving force of it. You will have to be contributing 24X7. 

    My best wishes to you, CSIR exemplifies excellence, academic brilliance and cutting-edge research. In the near future, we will doubtlessly see Bharat emerging as a global pioneer in the domains of science and technology that will help us script a new chapter in our growth story.

    Thank you so much.

    ****

    JK/RC/SM

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Secretary, Dr. Devesh Chaturvedi chairs a review meeting of United Nations World Food Programme- Country Programme Advisory Committee

    Source: Government of India

    Posted On: 26 SEP 2024 11:38AM by PIB Delhi

    Secretary, Department of Agriculture & Farmers Welfare (DA&FW), Dr. Devesh Chaturvedi chaired a meeting of the Country Programme Advisory Committee (CPAC) to review the implementation of the Country Strategic Plan (CSP) 2023-2027 with representatives of the United Nations World Food Programme (UN WFP) and members from concerned Ministries/Departments.

    To address the national priorities in food security and nutrition through capacity building and technical support, a Memorandum of Understanding (MoU) was signed between the Department of Agriculture & Farmers Welfare and the United Nations World Food Programme. Under the MoU, the CSP 2023-27 addresses four strategic outcomes which includes (i) more effective and efficient national food-based social protection systems; (ii) increasing consumption of diverse, nutritious, and fortified foods; (iii) enhancing the social and financial mobility of women; and (iv) strengthening the adaptive capacity to build climate-resilient livelihoods and food systems.

    To coordinate and review the progress on initiatives under Country Strategic Plan, a Country Programme Advisory Committee has been constituted under the chairperson of Dr. Devesh Chaturvedi and Joint Secretaries of concerned Ministries and NITI Aayog as its members. The committee meets at least annually.  This was the first meeting of CPAC under CSP 2023-27 to review and discuss the progress and accomplishments of the ongoing Country Strategic Plan (CSP).

    The Country Director of WFP Ms Elizabeth Faure informed the committee about the status of various targeted outcomes of the CSP. WFP informed about various ongoing initiatives which includetransforming agriculture and enhancing food security for smallholder farmers in states like Assam, Odisha, Tamil Nadu and Andhra Pradesh; nationwide efforts for mainstreaming millets; building resilience in fishing communities through the ‘Secure Fishing’ App; initiative for optimizing the Public Distribution System (PDS); Annapurti initiative provides grain ATMs; school nutri-gardens; andrice fortification etc.

    Dr. Devesh Chaturvedi highlighted that the department and WFP have maintained a long-standing partnership, driven by shared goal of achieving food and nutrition security. He suggested the officers toidentify the scalable interventions and initiatives and prepare mechanism for including the same in ongoing programmes of ministries/departments. He further advised WFP to organise a one-day workshop to present and discuss the important initiatives and pilots exclusively in the Agriculture Sector with officers of the department. He also emphasised that while accessing the nutritional outcomes of the programmes we should also look at the standards on nutrition applicable for Indian population. Along with ongoing fortified varieties of different cereals, existing local varieties of red and black rice and millet, which are nutritious, should also be popularised. He also advised exploring the possibilities of bringing the Farmer Producer Organizations (FPO) intodifferent initiatives.  

    The meeting was also attended by officers and representatives from D/o Food & Public Distribution, M/o Women and Child Development, D/o Rural Development, M/o Environment, Forestry and Climate Change, D/o School Education & Literacy, M/o External Affairs, National Disaster Management Authority, India Meteorological Department and M/o Earth Sciences.

    *****

    SS

    (Release ID: 2058889) Visitor Counter : 77

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  • MIL-OSI Asia-Pac: LCSD to present “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series to showcase developments and achievements of China (with photos)

    Source: Hong Kong Government special administrative region

    LCSD to present “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series to showcase developments and achievements of China (with photos)
    LCSD to present “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series to showcase developments and achievements of China (with photos)
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         To celebrate the 75th anniversary of the founding of the People’s Republic of China, the Leisure and Cultural Services Department (LCSD) will present the “Glorious Voyage: Splendid Achievements of the People’s Republic of China in Its 75 Years” Exhibition Series, at the Hong Kong Museum of History (HKMH) and the Hong Kong Science Museum (HKScM) from tomorrow (September 27) to illustrate the important developments and achievements of China over the past 75 years from a variety of perspectives. Admission to the exhibitions is free.           Addressing the opening ceremony of the exhibition today (September 26), the Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, said that China is a force to be reckoned with in the areas such as economy, manufacturing, trade, technology, infrastructure, culture and sports. Today, China is the world’s second-largest economy, the largest industrial manufacturing country, the largest goods trading country and the largest foreign exchange reserve holding country. These are the results of the people’s forging ahead steadfastly and also the pride of all Chinese people. This exhibition series is one of the signature events organised by the Hong Kong Special Administrative Region Government in celebration of the 75th anniversary of the founding of the People’s Republic of China, to promote the spirit of patriotism in the community. Its three exhibitions, namely “Leapfrog Development”, “Scientific Breakthroughs” and “Era of Intelligence”, showcase the country’s modernisation process from the perspectives of economy, education, technology, culture, sports and people’s livelihood. It aimed to enhance the understanding of the public, especially the younger generation, of the achievements of New China over the past 75 years, thereby enhancing their sense of national identity and sense of belonging.           Other officiating guests at the opening ceremony included Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (HKSAR) Mr Yin Zhonghua; Vice President and Executive Secretary of the Secretariat of the China Association for Science and Technology, Mr Meng Qinghai; Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR Mr Fang Jianming; the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung; the Chairman of the Hong Kong Ta Kung Wen Wei Media Group, Mr Li Dahong; the Convenor of the Working Group on Patriotic Education under the Constitution and Basic Law Promotion Steering Committee, Ms Starry Lee; the Chairperson of the History Sub-committee of the Museum Advisory Committee, Professor Joshua Mok; and the Director of Leisure and Cultural Services, Mr Vincent Liu.           The “Leapfrog Development” exhibition, located in the Lobby, 1/F, HKMH, presents the developments and achievements of the economy, infrastructure, culture, sports and ecological conservation initiatives of China through text and images. It also displays medals won by athletes in the Olympic and Paralympic Games to showcase their spirit of perseverance and hard work. They include the first gold medal won by Hong Kong, China windsurfer Ms Lee Lai-shan at the 1996 Atlanta Olympics for the HKSAR, the gold medal won by So Wa-wai, representing Hong Kong, China in the men’s 100m races (T36) at the 2000 Sydney Paralympic Games, the gold medal won by Chinese diver Ms Guo Jingjing in the women’s three-metre springboard event at the 2008 Beijing Olympics, and the silver medal won by Ms Siobhan Bernadette Haughey, representing Hong Kong, China in the women’s 100m freestyle events at the 2020 Tokyo Olympics. For details of the exhibition, please visit hk.history.museum/en/web/mh/exhibition/75A-Exhibition.html.           The country’s scientific and technological endeavours have made remarkable progress over the past 75 years. The “Scientific Breakthroughs” exhibition at the 2/F Exhibition Hall, HKScM is divided into three parts, namely “The Lifeblood of the People’s Republic of China”, “Silent Thunder”, and “A Chip-driven Patriotic Heart”, based on three significant historical events: the 65th anniversary of the discovery of the Daqing Oil Field, the 60th anniversary of the successful detonation of China’s first atomic bomb, and the 25th anniversary of the establishment of the State Preeminent Science & Technology Award. The exhibition showcases China’s outstanding achievements in science and technology through graphics, videos, objects, and interactive exhibits, demonstrating the patriotic spirit and steadfast beliefs of Chinese scientists. Highlight exhibits include the Core Sample from Songliao Basin No.3 Stratigraphic Well (replica), which is important historical evidence for the discovery of the Daqing Oil Field; the immersive space “Big Bang in the East”, which explores significant historical events such as the launch of the Dongfeng-1 missile, atomic bomb detonation, hydrogen bomb detonation, and the launch of the Dongfanghong-1; and the model of the Zuchongzhi Superconducting Quantum Computer, developed independently by a Chinese research team, which is the only one in China and one of only two globally to achieve “quantum advantage”.           The “Era of Intelligence” exhibition at the Special Exhibition Hall, G/F, HKScM introduces the transformative technology of artificial intelligence, which has experienced rapid developments in recent years. The application of artificial intelligence in daily life will also be demonstrated at the exhibition. The exhibition features a total of 22 exhibits, with about 70 per cent of them being interactive. These include the immersive zone “Gravitational Battlefield”, which is based on Mainland writer Liu Cixin’s science fiction novel “The Three-Body Problem” and integrates artificial intelligence and mixed reality technologies; a simulation of autonomous driving; and an artificial intelligence model named Master Guess, with which visitors can train and play paper-scissors-stone. Visitors can engage directly with multiple artificial intelligence models to understand how they function in various scenarios such as chess playing, music composition, painting and the implementation of mixed reality. For details of the “Scientific Breakthroughs” and “Era of Intelligence” exhibitions, please visit hk.science.museum/en/web/scm/exhibition/75A2024.html.           The exhibition series is presented by the LCSD. The “Leapfrog Development” exhibition is organised by the Chinese Culture Promotion Office and the Hong Kong Ta Kung Wen Wei Media Group, in collaboration with the HKMH, and supported by the Academy of Chinese Studies and the Hong Kong China Sports Alliance. The “Scientific Breakthroughs” exhibition is organised by the HKScM and the China Science and Technology Museum, in collaboration with the Office of Hong Kong, Macao and Taiwan Affairs of the China Association for Science and Technology and the Beijing – Hong Kong Academic Exchange Centre. The “Era of Intelligence” exhibition is organised by the HKScM, in collaboration with the Faculty of Engineering, the Chinese University of Hong Kong, the Centre for Artificial Intelligence and Robotics, the Hong Kong Institution of Science and Innovation, the Chinese Academy of Sciences and SenseTime. The exhibitions will run until February 5 next year.           Apart from museums, a display titled “Trendsetting Travel in China”, which showcases the remarkable achievements of the motherland through a stunning array of media photographs and a relaxed curatorial approach, will be held at the covered walkway of Sun Yat Sen Memorial Park from September 28, providing members of the public an additional opportunity to learn more about the country’s achievements.           The LCSD has long been promoting Chinese history and culture through organising an array of programmes and activities to enable the public to learn more about the broad and profound Chinese culture. For more information, please visit http://www.lcsd.gov.hk/en/ccpo/index.html.

     
    Ends/Thursday, September 26, 2024Issued at HKT 18:55

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  • MIL-Evening Report: Grattan on Friday: Experts want Albanese to lead on indoor air quality as part of pandemic planning

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    FOTOGRIN/Shutterstock

    Last month, a delegation led by Brendan Crabb, head of the Burnet Institute, a prestigious medical research body, met Anthony Albanese in the prime minister’s parliament house office.

    Its members, who included Lidia Morawska from Queensland University of Technology, a world-leading expert on air quality and health, also blitzed ministers and staffers. They were pitching for the federal government to spearhead a comprehensive policy on clean indoor air and for the issue to be put on the national cabinet’s agenda.

    They pointed out to Albanese that indoor air is an outlier in our otherwise comprehensive public health framework. Despite people spending the majority of their time inside, indoor air quality is mostly unregulated, in contrast to the standards that apply to, for example, food and water.

    There are multiple health and economic reasons to be concerned about this air quality but a major one is to limit the transmission of airborne diseases, such as COVID.

    For many of us, COVID has become just a bad memory, despite its lasting and mixed legacies. For instance, without the pandemic, fewer people would now be working from home. More small businesses would be flourishing in our CBDs. Arguably, fewer children would be trying to catch up from inadequate schooling.

    While the media have largely lost interest in COVID, and people are now rather blase about it, the disease is still taking a toll.

    In 2023 there were about 4,600 deaths attributed to COVID, and almost certainly more in reality, given Australia that year had 8,400 “excess deaths” (defined as actual deaths above expected deaths).

    Up to July this year there were 2,503 COVID deaths.

    In nursing homes, whilst survival rates from COVID are much improved with vaccination and antivirals, as of September 19, there were 117 active outbreaks with 59 new outbreaks in that past week. There had been 900 deaths for the year so far.

    Long COVID has become a serious issue, with varying respiratory, cardiac, cognitive and immunological symptoms. It is estimated between 200,000 and 900,000 people in Australia currently have long COVID.

    The Albanese government is presently awaiting the report it commissioned into how the COVID pandemic was handled.

    The inquiry has looked at the performance of the Morrison government, but its terms of reference didn’t include the states. That limits its usefulness, but there were politics involved, given high profile state Labor governments.

    Not that the state and territory leaders of that time are around anymore (apart from the ACT’s Andrew Barr). Those faces that became so familiar from their daily news conference have disappeared into the never-never: Victoria’s Dan Andrews, Western Australia’s Mark McGowan, New South Wales’ Gladys Berejiklian, Queensland’s Annastacia Palaszczuk.

    COVID variously made or tarnished leaders’ reputations. McGowan, in particular, reached stratospheric heights of popularity. Andrews deeply divided people.

    In general, however, COVID boosted support for leaders and increased public trust in them and in government. In times of uncertainty, the public looked to known institutions and to authority figures. Since then, trust has eroded again.

    Experts came into their own during the pandemic but then found themselves in the middle of the political bickering. In retrospect, some of them were wrong.

    In the broad, especially in terms of the death rate and the economy, Australia navigated the crisis well. But drill down, and the story is more complex, as documented by two leading economists, Steven Hamilton (based in Washington and connected to the Australian National University) and Richard Holden (from UNSW).

    In their just-published book, Australia’s Pandemic Exceptionalism, their bottom-line conclusion is that Australia was very impressive in its (vastly expensive) economic response but it was a mixed picture on the health side.

    While Australia was quick out of the blocks in closing the national border and bringing in other measures, it fell down dramatically on two fronts. The Morrison government failed to order a wide variety of vaccines and it failed to buy enough Rapid Antigen Tests (RATs).

    The “vaccine procurement strategy was an unmitigated disaster,” Hamilton and Holden write. This was not just “the greatest failure of the pandemic – it was arguably the greatest single public policy failure in Australian history”.

    “We put all our vaccine eggs in just two baskets”, both of which failed to differing degrees. This was “a terrible risk to take. Pandemics are times for insurance, not gambling,” they write.

    “And while our tax and statistical authorities marshalled their forces to operate much faster and more nimbly to serve the desperate needs of a government facing a once-in-a-century crisis, our medical regulatory complex repeatedly ignored international evidence and experience, and our political leaders capitulated to their advice. And then the prime minister told us that when it came to getting Australians vaccinated:‘it’s not a race’”.

    The failure to order every vaccine on the horizon meant when production or supply problems arose for those that were hoped for or on order, the rollout was delayed.

    After this bungle, “stunningly, we turned around and repeated these same mistakes all over again” by not obtaining and distributing freely massive numbers of RATs. In this failure, “our federal government showed the same lack of foresight, the same penny-wise but pound-foolish mindset that it had displayed in the vaccine rollout”.

    The authors blame Scott Morrison, then-health minister Greg Hunt, then-chief medical officer Brendan Murphy, the Therapeutic Goods Administration (TGA), and the Australian Technical Advisory Group on Immunisation (ATAGI) for the health failures, which prolonged the lockdowns, cost lives and delayed reopening.

    Urging better preparation for the next pandemic, Hamilton and Holden have a list of suggestions. They stress we need to ensure we have mRNA vaccine manufacturing capability (on which there is fairly good progress). We must get vaccine procurement “right from the start” regardless of cost. Huge quantities of RATs should be procured as soon as they become available, ready to be used immediately.

    A complete overhaul of the medical-regulatory complex should be undertaken. As well, Australia should continue to invest in “economic infrastructure”. In the pandemic, the economic effort was facilitated by having a single touch payroll system. “The first obvious candidate for improvement is a real-time GST turnover reporting capability.”

    Perhaps a comprehensive indoor clean air policy could be added to the infrastructure list.

    The government’s review will have its own recommendations. Crabb and his colleagues hope they include attention to indoor air quality, following advice from the Chief Scientist and the National Science and Technology Council.

    Members of the delegation say they received an attentive hearing from the PM.

    Anna-Maria Arabia, chief executive of the Australian Academy of Science, and a member of the delegation, says Albanese “understood that improving indoor air quality is a cornerstone requirement to preparing for future pandemics and [he] was attuned to the practical implications of having good indoor air quality systems, including schools and workplaces being able to stay open and functional, reduce absenteeism and boost productivity”.

    What’s needed beyond awareness, however, is timely policy action. Pandemics don’t give much notice of their arrival.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Grattan on Friday: Experts want Albanese to lead on indoor air quality as part of pandemic planning – https://theconversation.com/grattan-on-friday-experts-want-albanese-to-lead-on-indoor-air-quality-as-part-of-pandemic-planning-239829

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Descartes Showcases Supply Chain and Logistics Technology Innovations at 2024 Innovation Forum

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA and WATERLOO, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, will showcase supply chain and logistics technology innovations for transportation management; routing, mobile and telematics; and freight forwarders, customs brokers and air cargo at its 2024 Innovation Forum event, which takes place October 8-10, 2024 at the Hyatt Regency O’Hare Chicago.  

    “In a time with many logistical challenges and opportunities, Descartes is focused on bringing leading software solutions and capabilities to market to help our global customer base drive higher levels of supply chain efficiency, security, resilience and competitive advantage,” said Ken Wood, Executive Vice President, Product Management at Descartes. “This event not only gives us an opportunity to share our latest technology advancements with customers, partners and industry leaders, it also creates a unique forum to explore new trends and strategies shaping the industry with a diverse group of logistics professionals.”  

    Technology innovations and enhancements that will be showcased at the event include:  

    • Transportation Management Solutions
      • Fraud prevention and advanced security to help safeguard customers as they ship freight
      • Big data–enabled insights to improve collaboration, agility and supply chain performance
      • Advanced process automation to optimize the productivity of knowledge workers
      • Enhanced interoperability and network reach via one point of access for increased control and scale
      • Ease-of-use, end-user adoption and engagement enhancements to accelerate time-to-value and improve results

    Learn more about innovations for transportation management here.

    • Route Planning & Execution, Driver Safety, and Customer Experience Solutions
      • Greater interoperability for more efficient and cohesive workflows that improve customer and driver satisfaction
      • Artificial Intelligence to enhance safety compliance and further refine route plans and how they’re executed
      • Route optimization benchmarking for better delivery performance
      • Next-generation strategic route planning to create accuracy and responsiveness

    Learn more about innovations for fleet management here.

    • Broker, Forwarder, Customs & Air Solutions
      • Enhanced digitization and automation to increase operational efficiencies and help companies scale with growth
      • Increased de minimis compliance and security that facilitates legitimate trade
      • Advanced tracking capabilities to improve shipment and customer visibility
      • Expanded integrations with ocean and air carriers, which enable centralized access to more booking options

    Learn more about innovations for these logistics service providers (LSP) here.

    Descartes’ technology innovations will be showcased at a unique and interactive Technology Fair on October 8 from 6:00 PM-9:00 PM CT, offering attendees hands-on experience with its latest software solutions and product enhancements. After the Technology Fair, the company plans to donate the monitors and flat screen televisions used at the event to several local Chicago schools to help them support educational goals for students.

    To learn more about the 2024 Innovation Forum, please visit: https://www.descartes.com/innovation-forum.

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at http://www.descartes.com, and connect with us on LinkedIn and Twitter.

    Global Media Contact
    Cara Strohack
    Tel: +1(800) 419-8495 ext. 202025
    cstrohack@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management; routing, mobile and telematics; and broker, forwarder, customs and air solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network

  • MIL-OSI: Hut 8 GPU-as-a-Service Vertical Goes Live with Inaugural Deployment

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced that its GPU-as-a-service vertical has begun generating revenue as the inaugural GPU cluster for an AI cloud developer comes fully online.

    The cluster, hosted at a tier-three data center in Chicago, comprises multiple Hewlett Packard Enterprise (“HPE”) Cray supercomputers powered by 1,000 NVIDIA H100 GPUs. Hut 8 partnered with HPE and AdvizeX to design, configure, and commission the cluster, which is being launched under Hut 8’s subsidiary, Highrise AI, Inc. Hut 8’s five-year agreement with the AI cloud developer provides for fixed infrastructure payments plus revenue-sharing.

    “The launch of our GPU-as-a-service vertical further diversifies our compute layer, which now spans AI compute, Bitcoin mining, and traditional cloud services,” said Asher Genoot, CEO of Hut 8. “Consistent with our commitment to disciplined capital allocation, we believe a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation.”

    “We are thrilled to support the launch of Hut 8’s GPU-as-a-service offering, in collaboration with our trusted partner AdvizeX, through the delivery of world-class high-performance computing solutions,” said Jerome Boucher, Vice President and General Manager, HPC and AI Solutions, North America of HPE. “We look forward to extending our expertise in building the world’s fastest supercomputers to support Hut 8’s ambition to offer state-of-the-art GPU-as-a-service capabilities to its customers.”

    As part of its strategy to build a next-generation energy infrastructure platform, Hut 8 continues to scale its compute layer across energy-intensive technologies with the aim of maximizing returns on its portfolio of power assets and digital infrastructure.

    Upcoming Conferences & Events

    • September 25–26, 2024: TMT M&A Forum USA 2024
    • September 25–26, 2024: infra/STRUCTURE 2024
    • September 26, 2024: ArcStone-Kingswood Growth Summit 2024

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: ten Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one newly announced site in the Texas Panhandle. For more information, visit http://www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward-Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to the Company’s belief that a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation, its ambition to offer state-of-the-art GPU-as-a-service capabilities to its customers and its aim of maximizing returns on its portfolio of power assets and digital infrastructure.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at http://www.sec.gov, and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at http://www.sedarplus.ca and EDGAR profile at http://www.sec.gov.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network

  • MIL-OSI Europe: Montenegro’s digital transition starts at school

    Source: European Investment Bank

    Decades of urbanisation and funding shortages have placed a strain on Montenegro’s education system. Now, with funding from Team Europe, the country is investing in its education system to prepare students with the skills they need for the job market and the Western Balkan country’s bid to join Europe’s single market.

    The government’s new Montenegro education programme aims to transform the learning experience for generations of pupils and provide them with the skills required for innovation and growth.

    The funds will enable the reconstruction, digitalisation and equipping of 13 education facilities, including kindergartens, primary, vocational and secondary schools. The investments will create up to 1,700 new places for pupils and 530 full-time jobs for teachers, once the project is completed in 2027.

    “The education sector in Montenegro is in need of attention and faces many challenges,” says Yngve Engstrom, Head of Cooperation at the EU Delegation to Montenegro.

    “We hope that these investments will improve the conditions for Montenegrin students, teachers and other school personnel and that they will support the comprehensive reforms needed in the education sector,” he added.

    EU funds will also finance the construction of a new primary school in the capital city, Podgorica, that will use at least 20% less energy and water than comparable facilities and set a new energy efficiency standard for public buildings.

    MIL OSI Europe News

  • MIL-OSI Video: Peace is Never Automatic: UN Chief on Leadership for peace | Security Council | United Nations

    Source: United Nations (Video News)

    Briefing by United Nations Secretary-General, Mr. António Guterres, on Leadership for peace: united in respect of the UN Charter, in search of a secure future – Security Council, 9732nd meeting.

    ———————————–

    Mr. President, Excellencies,

    I thank the government of Slovenia for convening this high-level debate on Leadership for Peace.

    The topic is rooted in a fundamental truth: Peace is never automatic.

    Peace demands action.

    And peace demands leadership.

    Instead, we’re seeing deepening geo-political divisions and mistrust.

    Impunity is spreading, with repeated violations of international law and the UN Charter.

    Conflicts are multiplying, becoming more complex and deadlier.

    All regions are affected.

    And civilians are paying the steepest price.

    From Gaza to Ukraine to Sudan and beyond — wars grind on, suffering grows, hunger deepens, lives are upended, and the legitimacy and effectiveness of the United Nations, and this Council, are undermined.

    Mr. President, Excellencies,
    Leadership for peace requires action in at least two key areas.

    First — leadership for peace means all Member States living up to their commitments in the UN Charter, in international law and in recent agreements such as the Pact for the Future.

    Among other things, the Pact calls for strengthening tools and frameworks to prevent conflict, sustain peace and advance sustainable development, with the full, equal and meaningful participation of women.

    It calls for updating our tools for peace operations to allow for more agile, tailored responses to existing, emerging and future challenges.

    It reinforces the commitment to all human rights — civil, political, economic, social and cultural.

    It includes initiatives around disarmament, peacebuilding, and managing threats posed by lethal autonomous weapons and artificial intelligence and in new domains, including outer space and cyberspace.

    It calls for measures to quickly address complex global shocks.

    And it contains a new push to reform key institutions of global governance, including the global financial architecture and this very Council.

    The Pact is a down-payment on these reforms.

    But we will need strong political will to implement them, and rebuild the legitimacy and effectiveness of this Council.

    Which brings me to my second point about leadership for peace.

    Leadership for peace means ensuring that the UN Security Council acts in a meaningful way to ease global tensions and help address the conflicts that are inflicting so much suffering around the world.

    Geopolitical divisions continue to block effective solutions.

    A united Council can make a tremendous difference for peace.

    A divided Council cannot.

    It is imperative that Council Members spare no effort to work together to find common ground.

    And it has proven capable of doing so in some key areas.

    From currently overseeing 11 peacekeeping operations on three continents, involving nearly 70,000 uniformed peacekeeping personnel…

    To resolutions that help keep vital humanitarian aid flowing to the world’s hotspots…

    To the landmark Resolution 2719, which provides for African-Union led peace support operations authorized by the Council to have access to UN assessed contributions…

    To the groundbreaking Resolutions that recognized the clear implications of peace and security challenges on the lives of women and youth…

    To this Council’s growing ties to regional and sub-regional organizations to foster consensus and peace.

    These examples — and more — prove that forging peace is possible.

    When we consider the most difficult and intractable conflicts on this Council’s agenda, peace can seem an impossible dream.

    But I strongly believe that peace is possible if we stick to principles.

    Peace in Ukraine is possible.

    By following the UN Charter and abiding by international law.

    Peace in Gaza is possible.

    By sparing no effort for an immediate ceasefire, the immediate release of all hostages, and the beginning of an irreversible process towards a two-State solution.

    Peace in Sudan is possible.
    By sending a clear message to the warring parties that all Members of this Council — including the five permanent Members — will not tolerate the horrific violence and desperate humanitarian crisis being unleashed on innocent civilians.

    Mr. President, Excellencies,

    The situations on this Council’s agenda are complex and do not have quick fixes.

    But the scale of the challenge should not deter us.

    Our only hope for progress on peace is active collaboration and unity among Council Members.

    Today, I call on all Members to live up to this great responsibility, and to the promise of the UN Charter.

    Contribute to this Council’s success — not its diminishment.

    Let’s ensure that this Council serves as an effective and representative forum for peace — today and in the years to come.

    https://www.youtube.com/watch?v=goPuYslcQ-E

    MIL OSI Video

  • MIL-OSI: RBC iShares Expands Access to BlackRock’s Award-Winning Investment Platform with Active ETFs

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) —  Today, RBC iShares expands access to BlackRock’s award-winning investment platform with the launch of two active bond ETFs (collectively the iShares Funds).1 The iShares Funds provide clients with the best of BlackRock’s fixed income investment insights in liquid, transparent and cost-effective ETFs.

    The iShares Flexible Monthly Income ETF (XFLI, XFLI.U) invests in the BlackRock Flexible Income ETF (BINC)2, managed by Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock. The strategy will also be available hedged to the Canadian dollar with the listing of the iShares Flexible Monthly Income ETF (CAD-Hedged)(XFLX). The iShares Funds seek to deliver monthly income by primarily allocating to hard-to-reach global fixed income sectors, such as high yield, emerging markets debt and securitized assets.

    The iShares Flexible Monthly Income ETF has now closed the initial offering of its units and the units will be listed on the Toronto Stock Exchange (TSX) when markets open today. The units of the iShares Flexible Monthly Income ETF (CAD-Hedged) are expected to be listed on the TSX when markets open on October 1, 2024.

    The iShares Funds are designed to complement core bond exposures by providing enhanced yield across the global fixed income opportunity set, unconstrained by traditional benchmarks. They leverage the scale of BlackRock’s US$2.8 trillion fixed income platform,3 providing clients with unparalleled market access.

    Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock:

    “Today’s investment environment presents a golden age for fixed income. Investors can achieve high yields without taking on excessive risk. By staying active, agile, and well-diversified, these ETFs aim to capture historic opportunities across fixed income markets whenever and wherever they become available.”

    Helen Hayes, Head of iShares Canada, BlackRock:

    The launch of these ETFs brings the alpha generation capabilities of BlackRock’s global fixed income platform to Canadian investors. The deep resources and specialized market insights of our Fundamental Fixed Income Team will provide investors exposure to less accessible sectors of fixed Income, further enabling opportunities to capitalize on the strong yield environment.”

    The new iShares Funds are noted in the table below and will be managed by BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc.

    Fund Name Ticker Management Fee4 Listing Date
    iShares Flexible Monthly Income ETF XFLI
    XFLI.U
    0.55 % September 26, 2024
    iShares Flexible Monthly Income ETF (CAD-Hedged) XFLX 0.55 % October 1, 20245

    RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.

    For more information about RBC iShares, please visit https://www.rbcishares.com.

    About BlackRock        

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit http://www.blackrock.com/corporate.

    About iShares ETFs

    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and US$3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares® ETFs are managed by BlackRock Asset Management Canada Limited.
      
    About RBC

    Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 100,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 18 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

    We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

    About RBC Global Asset Management
    RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $660 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

    RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    ® / TM Trademark(s) of Royal Bank of Canada. Used under license. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under license. © 2023 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.

    Contact for Media:
    Reem Jazar
    Email: reem.jazar@blackrock.com

    1 Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, was awarded the U.S. Morningstar Award for Investing Excellence: Outstanding Portfolio Manager on March 21, 2023.
    2 Currently, the iShares Funds will, directly or indirectly, invest all or substantially all of their assets in BINC.
    3 Source: BlackRock Q2 2024 Earnings, as of June 30, 2024.

    4 As an annualized percentage of the iShares Fund’s daily net asset value. If applicable, BlackRock Canada or an affiliate is entitled to receive a fee for acting as manager of each iShares ETF in which this iShares Fund may invest (an “underlying product fee” and together with the management fee payable to BlackRock Canada, the “total annual fee”). As the underlying product fees are embedded in the market value of the iShares ETFs in which this iShares Fund may invest, any underlying product fees are borne indirectly by this iShares Fund. BlackRock Canada will adjust the management fee payable to it by this iShares Fund to ensure that the total annual fees paid directly or indirectly to BlackRock Canada and its affiliates by this iShares Fund will not exceed the percentage of the NAV set out above. The total annual fee is exclusive of HST. Any underlying product fees borne indirectly by this iShares Fund are calculated and accrued daily and are paid not less than annually.
    5 Listing date is subject to regulatory approvals.

    The MIL Network

  • MIL-OSI: Registration of share capital increase in IDEX Biometrics 26 Sep 2024

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the notice on 25 September 2024 regarding issue of Tranche 1 shares of the private placement completed on 16 September 2024. The private placement consisted of two tranches, with total gross proceeds amounting to NOK 70 million.

    The share capital increase related to the Tranche 1 shares has been registered and the shares will be delivered soonest. The Tranche 1 shares will be delivered on a separate and non-tradable ISIN, pending publication by the Company of a prospectus approved by the Norwegian Financial Supervisory Authority.

    Following the issue, the Company’s share capital will be NOK 66,056,228.10 divided into 440,374,854 shares, each with a nominal value of NOK 0.15.

    For further information contact:
    Marianne Bøe, Investor Relations
    E-mail: marianne.boe@idexbiometrics.com
    Tel: +47 918 00186

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. 

    For more information, visit http://www.idexbiometrics.com

    About this notice
    This notice was issued by Erling Svela, Vice president of finance, on 26 September 2024 at 11:45 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 5‑8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5‑12 of the STA.

    The MIL Network