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Category: Economy

  • MIL-OSI: Lucinity Achieves Microsoft Certified Software for Financial AI

    Source: GlobeNewswire (MIL-OSI)

    REYKJAVIK, Iceland, July 08, 2025 (GLOBE NEWSWIRE) — Lucinity, a leading provider of anti-financial crime software, announced today that its platform is now officially recognized as Microsoft Certified Software for Financial AI. This certification confirms that Lucinity meets Microsoft’s rigorous requirements for technical quality, security, and interoperability within the Azure ecosystem.

    The Microsoft certification process evaluated Lucinity’s architecture, security model, and interoperability. Lucinity’s infrastructure follows Azure’s best practices, ensuring that customer data is always accessed and processed through secure, access-controlled pathways. Interoperability with Microsoft environments enables institutions to easily connect existing systems and tools—such data sources or analytics platforms—with Lucinity’s software, removing integration barriers and accelerating time to value.

    “This certification reflects our commitment to helping financial institutions fight financial crime with trusted, innovative AI,” said Guðmundur Kristjánsson (GK), founder and CEO of Lucinity. “Built on Microsoft Azure, our platform has been tested, certified, and proven to meet the high standards expected by the world’s leading banks. This certification gives our customers confidence that Lucinity is secure, scalable, and ready to integrate seamlessly into their existing infrastructure.”

    Lucinity provides a complete FinCrime operating system that combines intelligent automation with core compliance capabilities. The platform includes Case Manager for unified alert and investigation workflows, Transaction Monitoring with configurable scenario detection, Customer 360 for enriched intelligence, Regulatory Reporting for efficient SAR filing, and the Luci AI Agent.

    The Luci AI Agent leverages Azure’s advanced Large Language Models in a multi-LLM framework to deliver explainable, audit-ready automation. Its AI skills—such as case summarization, money flow analysis, and adverse media search—can be easily configured via the no-code Luci Studio. These capabilities are also accessible through the Luci AI Agent plugin, which brings AI directly into familiar enterprise tools like Excel, CRM systems, and case managers without the need for complex integrations. Together, these components provide a seamless, scalable infrastructure for fighting financial crime with speed, accuracy, and confidence.

    Lucinity is also available through the Microsoft Azure Marketplace, allowing financial institutions to purchase and deploy the platform using existing cloud commitments while streamlining procurement. A recent deployment through the Marketplace with a global financial services provider—specializing in cross-border payments for millions of businesses—demonstrates Lucinity’s enterprise-ready architecture.

    With this certification, Lucinity reinforces its position as a trusted partner for financial institutions seeking intelligent, interoperable, and secure AI solutions for fighting financial crime.

    About Lucinity

    Lucinity is a Reykjavík-based software company founded in 2018. It helps banks, fintechs, and payment companies fight financial crime with greater speed and efficiency. Lucinity’s FinCrime operating system includes Case Manager, Customer 360, Transaction Monitoring, Regulatory Reporting, and the AI Agent Luci—working together to reduce investigation time from hours to minutes.

    The platform is user-friendly, configurable, and self-serve, helping compliance teams improve productivity, cut costs, and make auditable, explainable decisions. Lucinity’s customers include Visa, Trustly, Tandem Bank, Finshark, and Arion Bank. Lucinity also invests in AI innovation through Lucinity Labs, which holds patents in federated learning and PII encryption.

    Contact
    celina@lucinity.com

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Bitcoin Solaris Advances Toward Market Launch with Strategic Exchange and Rollback Update

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, July 08, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a next-generation blockchain project focused on speed, decentralization, and mobile accessibility, has announced its confirmed listing on global cryptocurrency exchange LBank. To mark this milestone, the project has launched a limited-time rollback event, temporarily reducing the token price to $5, significantly below its final listing price of $20.

    As digital asset adoption continues to accelerate globally, Bitcoin Solaris is gaining traction for its performance-driven architecture and mobile-first approach. With its dual-consensus framework and high-speed transaction capabilities, BTC-S is positioning itself as a user-centric platform designed to support the next wave of scalable blockchain innovation.

    Bitcoin Solaris: The Tech and the Mission

    Bitcoin Solaris positions itself as a forward-compatible evolution of Bitcoin’s original principles. It introduces a powerful dual-consensus structure combining Proof-of-Work and delegated proof-of-stake, delivering decentralized security and lightning-speed transaction finality. While Bitcoin takes minutes to settle, BTC-S hits confirmation in just 2 seconds with over 10,000 TPS achieved in testing. That’s not a theory; it’s already running.

    Its architecture is built on two layers:

    • The Base Layer, secured by traditional mining for decentralization.
    • The Solaris Layer, optimized with fast block production and validator rotation.

    This design ensures resilience during high load periods and keeps energy use 99.95 percent lower than Bitcoin.

    Additional highlights:

    • Cross-chain bridge infrastructure in development.
    • Smart contract compatibility enabling future DeFi tools.
    • Adaptive mobile mining logic integrated into the upcoming Solaris Nova app.

    These are not buzzwords. They are features shaping a scalable, user-first financial layer that aims to outperform legacy networks.

    Mobile Mining: Wealth in Your Pocket

    What makes Bitcoin Solaris radically different is how it brings mining to the people. With the upcoming Solaris Nova app, users will be able to mine directly from their smartphones using optimized, battery-safe processes. You can track your projected profits through the Solaris mining calculator and see how much power you’re stacking without expensive hardware.

    This concept changes the game:

    • No rigs required.
    • No massive electricity bills.
    • No technical knowledge barrier.

    It opens up digital wealth building to over 3 billion smartphone users.

    Community, Validation, and Real Influencer Buzz

    With more than 13,900 unique users already involved and over $6.3 million raised, Bitcoin Solaris is proving it isn’t just hype. Detailed reviews from major influencers add to the excitement:

    • Token Galaxy breaks down how BTC-S delivers utility that aligns with mobile-first scalability.
    • Crypto Show dives into the performance benchmarks and community potential.

    There’s also growing buzz on social platforms like Telegram and X, where early adopters are rallying around the project. And let’s not forget the security angle. Bitcoin Solaris is fully audited by Cyberscope and Freshcoins, delivering peace of mind to even the most cautious investors.

    Say Goodbye to Slow Chains BTC-S Moves at 10,000 TPS

    The Presale: Rollback, Rewards, and Rare Timing

    BTC-S is currently in phase 11 of its presale at a price of $11 per token, with a confirmed launch price of $20. That’s a 150 percent return for those who act now. But what’s driving the real excitement is the new Rollback Event. For a limited time only, Bitcoin Solaris has slashed the price down to $5, creating what many are calling the final entry opportunity before the big run.

    This isn’t marketing fluff. The numbers are there:

    To receive your tokens on launch day, Bitcoin Solaris recommends using Trust Wallet or Metamask for seamless delivery.

    It’s also worth noting that this might be the shortest explosive presale we’ve seen in the 2024-2025 cycle.

    A Strategic Future with Flexible Architecture

    Bitcoin Solaris isn’t just racing for attention. It’s building a long-term foundation with cutting-edge mechanics that include:

    • Validator rotation for enhanced decentralization.
    • 2-second finality combined with smart contract triggers.
    • Cross-chain bridges enabling asset transfers across ecosystems.

    With bitcoinsolaris.com becoming a hub for updates and new development rollouts, BTC-S is rapidly positioning itself as more than just a coin. It’s a decentralized operating layer built for today’s pace.

    Final Verdict

    The market is shifting. The real innovation is happening with projects like Bitcoin Solaris. With fast finality, real-world mobile mining, and a limited-time rollback opportunity, BTC-S is capturing both the technical edge and community momentum.

    Early investors are not just betting on a coin. They’re backing a smarter system designed for performance, accessibility, and long-term growth. While others speculate on the next bull cycle, Bitcoin Solaris is building it.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f5f00294-eeff-472b-a624-c3c4c3ab577d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/68c308e9-82fe-477c-bcd8-4da7f147da55

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a3158611-efd9-40d4-82ba-255efbc58e2b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8c80667e-f243-4b18-ab06-fd66527085ed

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Apollo Commercial Real Estate Finance, Inc. Announces Dates for Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its second quarter 2025 financial results on Wednesday, July 30, 2025 at 10:00 a.m. Eastern Time. The Company’s second quarter 2025 financial results will be released after the market closes on Tuesday, July 29, 2025. During the conference call, Company officers will review second quarter 2025 performance, discuss recent events and conduct a question-and-answer period.

    To register for the call, please use the following link:

    https://register-conf.media-server.com/register/BId90d356a730f472ab59dd717370b3c5f

    After you register, you will receive a dial-in number and unique pin. The Company will also post a link in the Stockholders’ section on ARI’s website for a live webcast. For those unable to listen to the live call or webcast, there will be a webcast replay link posted in the Stockholders’ section on ARI’s website approximately two hours after the call.

    About Apollo Commercial Real Estate Finance, Inc.
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $785 billion of assets under management as of March 31, 2025.

    Additional information can be found on the Company’s website at www.apollocref.com.

    Forward-Looking Statements
    Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: higher interest rates and inflation; market trends in the Company’s industry, real estate values, the debt securities markets or the general economy; the timing and amounts of expected future fundings of unfunded commitments; the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    CONTACT: Hilary Ginsberg
      Investor Relations
      (212) 822-0767

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Apollo Commercial Real Estate Finance, Inc. Announces Dates for Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today announced the Company will hold a conference call to review its second quarter 2025 financial results on Wednesday, July 30, 2025 at 10:00 a.m. Eastern Time. The Company’s second quarter 2025 financial results will be released after the market closes on Tuesday, July 29, 2025. During the conference call, Company officers will review second quarter 2025 performance, discuss recent events and conduct a question-and-answer period.

    To register for the call, please use the following link:

    https://register-conf.media-server.com/register/BId90d356a730f472ab59dd717370b3c5f

    After you register, you will receive a dial-in number and unique pin. The Company will also post a link in the Stockholders’ section on ARI’s website for a live webcast. For those unable to listen to the live call or webcast, there will be a webcast replay link posted in the Stockholders’ section on ARI’s website approximately two hours after the call.

    About Apollo Commercial Real Estate Finance, Inc.
    Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI) is a real estate investment trust that primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings and other commercial real estate-related debt investments. The Company is externally managed and advised by ACREFI Management, LLC, a Delaware limited liability company and an indirect subsidiary of Apollo Global Management, Inc., a high-growth, global alternative asset manager with approximately $785 billion of assets under management as of March 31, 2025.

    Additional information can be found on the Company’s website at www.apollocref.com.

    Forward-Looking Statements
    Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. These forward-looking statements include information about possible or assumed future results of the Company’s business, financial condition, liquidity, results of operations, plans and objectives. When used in this release, the words believe, expect, anticipate, estimate, plan, continue, intend, should, may or similar expressions, are intended to identify forward-looking statements. Statements regarding the following subjects, among others, may be forward-looking: higher interest rates and inflation; market trends in the Company’s industry, real estate values, the debt securities markets or the general economy; the timing and amounts of expected future fundings of unfunded commitments; the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to deploy the proceeds of its capital raises or acquire its target assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements, and other risks, uncertainties and factors are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Forward-looking statements are not predictions of future events. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    CONTACT: Hilary Ginsberg
      Investor Relations
      (212) 822-0767

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Nano Labs Announces Strategic Partnership with Orbiter Finance to Launch Compliant Stablecoin Cross-Chain Solution NBNB.io

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, July 08, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading Web 3.0 infrastructure and product solution provider in China, today announced a strategic partnership with Layer 2 cross-chain bridge protocol Orbiter Finance to jointly develop a compliant stablecoin distribution and exchange service across multiple networks. The service will support various compliant stablecoins, including those pegged to USD, HKD, offshore RMB.

    Leveraging Orbiter Finance’s multi-chain support capabilities alongside Nano Labs’ expertise in Web3.0, the new solution aims to provide users with low-cost, compliant cross-chain transfers and mainstream token exchanges. The initial product is expected to launch in Q4 2025, with the tentative domain name NBNB.io.

    Built on a secure and efficient cross-chain infrastructure for stablecoins, this collaboration is designed to promote the widespread adoption of compliant stablecoins across both DeFi and traditional finance sectors.

    Looking ahead, both parties plan to expand support for additional blockchains and drive adoption in institutional-grade applications.

    About Orbiter Finance

    Orbiter Finance is a leading Layer 2 cross-chain bridge protocol that has processed over USD 23 billion in transaction volume to date.

    About Nano Labs Ltd

    Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips and high performance computing (“HPC”) chips. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. In addition, Nano Labs has actively positioned itself in the digital assets space, adopting BNB as its primary reserve asset. It has accumulated nearly US$160 million in mainstream digital currencies including BNB and BTC, and established an integrated platform covering multiple business verticals, including HTC solutions and HPC solutions*. For more information, please visit the Company’s website at: ir.nano.cn.

    *  According to an industry report prepared by Frost & Sullivan.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

    For investor inquiries, please contact:

    Nano Labs Ltd
    ir@nano.cn

    Ascent Investor Relations LLC
    Tina Xiao
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Silicon Motion Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan and MILPITAS, Calif., July 08, 2025 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, plans to release its second quarter 2025 financial results after the market closes on July 30, 2025 and will host a conference call on July 31 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call.  

    CONFERENCE CALL DETAILS:

    Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BI9e8eb8a4d35743cfa957757c6a1207e2

    This call will be webcast on the Company’s website at www.siliconmotion.com.

    ABOUT SILICON MOTION:

    We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions.  Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.

    FORWARD-LOOKING STATEMENTS:

    This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China, including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2025. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this news release.

    Investor Contacts:        

    The MIL Network –

    July 9, 2025
  • MIL-OSI: LM Funding America Announces June 2025 Production and Operational Update

    Source: GlobeNewswire (MIL-OSI)

    – Bitcoin treasury as of June 30, 2025 valued at $16.7 million or $3.25 per share1

    TAMPA, Fla., July 08, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended June 30, 2025.

    Metric May 2025 June 2025
    – Bitcoin2    
    – Mined, net 6.3 5.5
    – Sold – (5.0)
    – Purchased – –
    – Service Fee – –
    – Bitcoin HODL 155.0 155.5
    – Machines2    
    – Operational 4,320 4,320
    – Storage 1,297 1,218
    – Total Machines 5,617 5,538
    – Hashrate (EH/s2)    
    – Oklahoma 0.48 0.48
    – Hosted – –
    – Energized 0.48 0.48
    – Storage 0.13 0.12
    – Total 0.61 0.60

    Bruce Rodgers, Chairman and CEO of LM Funding, commented, “The reduction in Bitcoin mined in June is the result of our strategic curtailment approach during peak summer months. High temperatures in Oklahoma triggered financial incentives to curtail mining operations leading us to prioritize energy sales over Bitcoin production. Estimated curtailment and energy sales for June 2025 were approximately $55,000 or approximately $216,000 for the second quarter of 2025.”

    The Company estimates that the value of its 155.5 Bitcoin holdings on June 30, 2025, was approximately $16.7 million or $3.251 per share, based on a Bitcoin price of approximately $107,170 as of June 30, 2025, compared to a stock share price of $2.86 as of June 30, 2025.

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com 

    1Bitcoin treasury calculated using 155.5 Bitcoin held as of 6/30/25 and Bitcoin price of approximately $107,170 as of 6/30/25. Bitcoin per share calculated using 5,133,412 shares outstanding as of 3/31/25 from SEC Form 10-Q filed May 15, 2025
    2Unaudited

    The MIL Network –

    July 9, 2025
  • MIL-OSI: HBT Financial, Inc. to Announce Second Quarter 2025 Financial Results on July 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    BLOOMINGTON, Ill., July 08, 2025 (GLOBE NEWSWIRE) — HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”), the holding company for Heartland Bank and Trust Company, today announced that it will issue its second quarter 2025 financial results before the market opens on Monday, July 21, 2025. A copy of the press release announcing the second quarter 2025 financial results and an investor presentation will be made available on the Company’s investor relations website at https://ir.hbtfinancial.com.

    About HBT Financial, Inc.

    HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. HBT Financial provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and eastern Iowa through 66 full-service branches. As of March 31, 2025, HBT Financial had total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion.

    CONTACT:
    Peter Chapman
    HBTIR@hbtbank.com
    (309) 664-4556

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Enphase Energy Announces Conference Call to Review Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., July 08, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, July 22, 2025 at 4:30 p.m. Eastern Time to discuss its second quarter 2025 financial results for the period ended June 30, 2025. The live webcast can be accessed on the Enphase Energy Investor Relations website at investor.enphase.com, and a recorded version of the call will also be available there approximately one hour after the call.

    What: Enphase Energy’s Second Quarter 2025 Financial Results Earnings Conference Call and Webcast
       
    Date: Tuesday, July 22, 2025
       
    Time: 4:30 p.m. Eastern Time
       
    Live Call: 833.634.5018
       
    International: +1.412.902.4214
       
    Replay: United States: 877.344.7529
      International: +1.412.317.0088
      Canada: 855.669.9658
      Replay access code: 6021998
       

    About Enphase Energy, Inc.

    Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.

    ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

    Contact:

    Zach Freedman
    Enphase Energy, Inc.
    Investor Relations
    ir@enphaseenergy.com

    The MIL Network –

    July 9, 2025
  • MIL-OSI: Sergei Guriev, Dean of London Business School, Joins the Group of Thirty

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON and LONDON, July 08, 2025 (GLOBE NEWSWIRE) — London Business School is pleased to announce that Professor Sergei Guriev, the School’s Dean, has joined The Group of Thirty (G30).

    Sergei Guriev brings a unique breadth of expertise, in areas ranging from corporate governance and contract theory to political economics, labor mobility, and the economics of development and transition. He is currently Dean of London Business School, Research Fellow at the Centre for Economic Policy Research, Senior Member of the Institut Universitaire de France, and a Global Member of the Trilateral Commission. Guriev previously served as Professor of Economics and Provost at Sciences Po, Paris and Chief Economist at the European Bank for Reconstruction and Development. He was earlier Rector of the New Economic School in Moscow from 2004-2013, and served on various Russian councils including the Commission on Open Government.

    The Group of Thirty, founded in 1978, is an independent global body comprised of economic and financial leaders from the public and private sectors and academia. It aims to deepen understanding of economic and financial issues, and of the international repercussions of decisions taken in the public and private sectors. Members participate in the Group in their personal capacities, not on behalf of any organization, public or private, to which they may be affiliated. A full list of current G30 members is available at http://group30.org/members.

    Tharman Shanmugaratnam, Chair of the Board of Trustees, stated: “We are delighted to welcome Sergei into the Group of Thirty. He brings an outstanding record in academia, unique insights on economies at various stages of advancement, and political economy. He will be a valuable addition to our debates.”

    Raghuram Rajan, Chair of the G30, said: “I look forward to Sergei’s contributions to the Group’s meetings and work program. His background and research on geo-politics and corruption, as well as his exemplary contributions to public service, will no doubt expand the Group’s discussions as we navigate an increasingly polarized and volatile world.”

    Sergei Guriev stated: “I thank Tharman, Raghu, and the G30 for the offer of membership. I’m honored to be part of the Group and look forward to actively contributing in the years to come on shared priorities and concerns.”

    For media enquiries, contact Christopher Moseley on +44 7511 577803 / email cmoseley@london.edu.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6fe8db0e-0fd1-45e6-a6af-90881cafeeb3

    The MIL Network –

    July 9, 2025
  • MIL-OSI: NXP Semiconductors Announces Conference Call to Review Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    EINDHOVEN, The Netherlands, July 08, 2025 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the second quarter 2025 after the close of normal trading on the NASDAQ Global Select Market on Monday, July 21, 2025. The company will host a conference call with the financial community on Tuesday, July 22, 2025, at 8:00 a.m. U.S. Eastern Daylight Time (EDT).

    Earnings Conference Call Details 
    Interested parties may pre-register for the webcast or obtain a user-specific access code to join the live conference call.

    A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call.

    About NXP Semiconductors 

    NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP’s “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $12.61 billion in 2024. Find out more at www.nxp.com.

    NXP-CORP 

    The MIL Network –

    July 9, 2025
  • MIL-OSI Video: UK Spending Review – Housing, Communities and Local Government Committee

    Source: United Kingdom UK Parliament (video statements)

    The Housing, Communities and Local Government Committee questions Rt Hon Angela Rayner MP, Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government, on the Spending Review 2025 and the Government’s announcement of £39 billion investment for affordable homes.

    The cross-party group of MPs are expected to explore questions around the Social and Affordable Homes Programme, the Spending Review settlement, and local council finances.

    Witnesses:

    Rt Hon Angela Rayner MP, Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government

    Sarah Healey CB CVO, Permanent Secretary, Ministry of Housing, Communities and Local Government

    https://www.youtube.com/watch?v=kAc2ryZsTiI

    MIL OSI Video –

    July 9, 2025
  • MIL-OSI Russia: Xi Jinping stresses resource-based economy transformation, advancing China’s modernization during inspection tour of Shanxi Province

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    TAIYUAN, July 8 (Xinhua) — Chinese President Xi Jinping has called on north China’s Shanxi Province to further promote the transformation of resource-based economy development and write a new chapter in China’s modernization drive.

    Xi Jinping, who is also general secretary of the Communist Party of China Central Committee (CPC Central Committee) and chairman of the Central Military Commission, made the remarks during his inspection tour of Shanxi province from Monday to Tuesday. -0-

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

    .

    MIL OSI Russia News –

    July 8, 2025
  • No directions issued to close inactive Jan Dhan accounts, says Finance Ministry

    Source: Government of India

    Source: Government of India (4)

    The Department of Financial Services (DFS) under the Ministry of Finance on Tuesday clarified that no instructions have been issued to banks for closing inactive accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY).

    The statement came amid reports in sections of the media claiming that the government had asked banks to shut down dormant Jan Dhan accounts. Terming such reports incorrect, the DFS reiterated that no such directive has been given.

    In an official note, the department stated that it continues to monitor inoperative Jan Dhan accounts and has advised banks to reach out to account holders to encourage them to make their accounts active.

    To strengthen the use of the Jan Dhan scheme and other financial inclusion initiatives, a three-month national campaign was launched by DFS on July 1. The campaign aims to boost adoption of schemes like the Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana alongside Jan Dhan accounts.

    As part of this exercise, banks have been asked to complete re-KYC processes for eligible accounts and spread awareness about the benefits of keeping these accounts active.

    The department also noted that the total number of Jan Dhan accounts has been consistently rising and that no instances of large-scale closure of inactive accounts have come to its notice.

     

     

    July 8, 2025
  • MIL-OSI: OTC Markets Group Welcomes Vaxart, Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Vaxart, Inc. (OTCQX: VXRT), a clinical-stage biotechnology company, has qualified to trade on the OTCQX® Best Market. Vaxart, Inc. previously traded on NASDAQ.

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

    Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

    “We thank OTC Markets Group for welcoming us and appreciate our investors for their continued support” said Steven Lo, Vaxart CEO. “We remain focused on making meaningful scientific progress in developing oral pill vaccines to potentially transform public health.”

    About Vaxart, Inc.
    Vaxart is a clinical-stage biotechnology company developing a range of oral recombinant vaccines based on its proprietary delivery platform. Vaxart vaccines are designed to be administered using pills that can be stored and shipped without refrigeration and eliminate the risk of needle-stick injury. Vaxart believes that its proprietary pill vaccine delivery platform is suitable to deliver recombinant vaccines, positioning the company to develop oral versions of currently marketed vaccines and to design recombinant vaccines for new indications. Vaxart’s development programs currently include pill vaccines designed to protect against coronavirus, norovirus and influenza, as well as a therapeutic vaccine for human papillomavirus (HPV), Vaxart’s first immune-oncology indication. Vaxart has filed broad domestic and international patent applications covering its proprietary technology and creations for oral vaccination using adenovirus and TLR3 agonists

    About OTC Markets Group Inc.

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

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

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit
    www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

    July 8, 2025
  • MIL-OSI Africa: How to Stabilize Africa’s Debt

    Source: APO – Report:

    .

    In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on and public debt ratios have stabilized on average. Our analytical note in the IMF’s latest Regional Economic Outlook for sub-Saharan Africa uses a new data set to highlight when, how often, to what extent, and how debt stabilization was achieved.

    Surprising frequency

    Contrary to perception, countries in the region have often been able to stabilize or reduce their debt ratios without debt restructuring. With more than 60 debt reduction episodes (defined as periods of two or more years during which the public debt-to-GDP ratio fell), the probability that a country will experience such an episode in any given year is one in four. And these episodes have occurred even amid an unfavorable external environment, including in the aftermath of the commodity super cycle and in the wake of the COVID-19 pandemic.

    The debt decline in many cases was economically significant and persistent: most episodes involved a decrease of more than 10 percentage points of GDP, and almost half of those episodes lasted four or more years. For example, the Democratic Republic of Congo’s debt ratio fell by 15 percentage points of GDP during 2010–23, and Cabo Verde’s debt ratio decreased by more than 30 percentage points over 2021–23.

    Sustained debt reduction typically reflects both budgetary consolidation and real economic growth. Often these two drivers go together—budgetary consolidation (that is, an increase in primary balances) is itself more likely when growth is rapid. In fragile and conflict-affected states, however, as well as low-income countries, growth is the predominant driver of many successful reductions in debt.

    Securing success

    Debt reduction is more likely, more significant, and more persistent if three conditions hold: the country has a solid domestic institutional framework and enjoys a supportive domestic business environment; global growth is buoyant; and global borrowing costs are low. A debt decline is also more likely when an IMF-supported arrangement is present, pointing to the importance of international financial and policy support. Relatedly, budget consolidation must be sustained over time to translate into debt consolidation. While exchange rate stability can support successful debt stabilization, maintaining an overvalued exchange rate can prove counterproductive since it is likely to lower growth and hamper overall macroeconomic stability.

    By way of example, in Mauritius, a favorable domestic and external environment, solid growth, and a stable currency saw a reduction in the debt ratio of almost 20 percentage points during 2003–08.

    The road ahead

    The key message for policymakers is that fiscal adjustment is likely to result in stronger, more durable reductions in debt when complemented by pro-growth structural reforms and by measures to strengthen institutional frameworks. Such measures should include well-designed fiscal rules to ensure that off-budget fiscal operations do not undermine debt reduction. Efforts to cut debt are also more likely to prove successful in a context of macroeconomic stability, including low and stable inflation.

    Countries aiming to sustainably reduce debt should seize the opportunity to tax and spend more efficiently. The focus should be on strengthening fiscal balances in a growth-friendly manner by broadening the tax base, removing inefficient tax exemptions, and ensuring that money is well spent.

    Support from the international community, including through technical support but also through concessional financing, is critical to helping the region succeed. Most countries—especially fragile states and low-income countries—face difficult trade-offs between short-term macroeconomic stabilization, longer-term development needs, and making reforms socially acceptable. External support can make these difficult trade-offs less daunting.

    – on behalf of International Monetary Fund (IMF).

    MIL OSI Africa –

    July 8, 2025
  • MIL-OSI Africa: 30% US Tariff Will Be a Blow to Economic Growth, Jobs and Trade Certainty

    Source: APO – Report:

    .

    The Chairperson of the Select Committee on Economic Development and Trade, Ms Sonja Boshoff, has expressed grave concern over the impending 30% tariff imposed by the United States government on key South African exports, as the tariffs will have far-reaching consequences for exporters and on the broader ailing South African economy.

    Ms Boshoff said the US tariff order, which was signed yesterday and is set to come into effect on 1 August 2025, undermines the historical US–SA trade cooperation and poses a serious threat to strategic sectors such as citrus, macadamia, automotive components, steel and aluminium. “These industries are not abstract economic indicators; they are lifelines for tens of thousands of workers, particularly in rural and small-town South Africa,” emphasised Ms Boshoff.

    She said South Africa’s citrus industry alone supports more than 35 000 jobs and contributes over R38 billion annually to the economy. “A tariff of this magnitude threatens not only the profitability of our exporters, but the livelihoods of workers and the economic stability of entire agricultural regions,” stressed Ms Boshoff.

    She said the tariff order also casts a dark shadow over the future of the African Growth and Opportunity Act (AGOA), which has long facilitated preferential access to US markets. With the new duty effectively neutralising those preferences, there is growing uncertainty for producers who depend on predictable market access to plan, invest and grow.

    “It is critical that trade agreements are honoured in good faith. No country can plan its industrial or export strategy under a cloud of sudden and unilateral tariff hikes” said Ms Boshoff.

    The committee recognises that the Department of Trade, Industry and Competition (DTIC) is pursuing negotiations with its US counterparts, reportedly offering strategic Liquefied Natural Gas procurement in exchange for a more reasonable tariff ceiling. However, such engagements must be swift, transparent and rooted in the national interest.

    “We cannot afford diplomatic dithering. Every delay will deepen the uncertainty in our export industries. The government must urgently finalise a sustainable trade path with the United States and, simultaneously, accelerate diversification into new markets across the EU, Asia and Africa,” stressed Ms Boshoff.

    The committee calls on the DTIC and the Department of Agriculture to provide support packages and market reorientation strategies for the most affected industries. This must include logistics relief, export finance support, and new market facilitation, particularly for emerging farmers and SMEs.

    “At a time when South Africa is battling record unemployment and low growth, punitive tariffs by our biggest trading partners are not just economic risks, they are catalysts for deeper inequality. We must respond with urgency, precision and policy agility,” Ms Boshoff noted.

    This unprecedent development cannot be approached with a “let it go” attitude, Ms Boshoff said. She called on the South African government to urgently send a high-level delegation to Washington to undertake repair of diplomatic ties and to reaffirm South Africa’s commitment to constructive engagement.

    President Trump signed the tariff order on Monday, 7 July, after the withdrawal of US grant funding for critical programmes in South Africa. The tariff order, which will apply to all South African products entering the US market, will come into effect from 1 August 2025.

    – on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

    July 8, 2025
  • MIL-OSI United Kingdom: Certification Officer Annual Report 2024-2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Certification Officer Annual Report 2024-2025

    Annual Report to the Secretary of State for Business and Trade and the Chair of ACAS on the activities of the Certification Officer

    Certification Officer for Trade Unions and Employers’ Associations: press announcement

    The annual report of the Certification Officer, Sarah Bedwell, was laid before Parliament on 7 July 2025. The report describes the work of the Certification Officer in 2024/25 and includes statistical information relating to trade unions and employers’ associations for 2023 and 2024.

    Lists of trade unions and employers’ associations

    There were changes to the list of trade unions on the Certification Officer’s list with 4 trade unions being removed and 4 new organisations being added. Therefore, the total number of listed trade unions was 128, the same number as in the previous reporting year. The number of employers’ associations remained stable at 36 with no changes.

    Trade union membership and finances

    Reported trade union membership increased by 21.8% – from 5.5 million in 2022-2023 to 6.7 million in 2023-2024. However, this was mainly because of the inclusion of Unite the Union’s membership of 1.2 million which was not included last year.

    Total assets of trade unions saw a decrease of 1.3% from £2.30 billion to £2.27 billion.

    Political funds

    Twenty unions reported on their political funds. The total amount held in those political funds was £35.8 million, an increase of 7.8% compared to the previous year.

    Complaints

    The Certification Officer issued decisions on 13 complaints from members against their trade unions. Of these, 4 complaints were withdrawn by the applicants, 3 were struck out, 5 were dismissed following hearings and 1 was upheld with 1 enforcement order being made.

    Powers from the Trade Union Act 2016

    The amendments brought in by The Trade Union Act 2016 mean that trade unions and employers’ associations are required to pay a levy to fund the costs of the Certification Officer’s office. The second levy collection was completed in the reporting year.

    The total costs which need to be funded, for this year, through the third levy are £615,146, an increase on last year’s figure of £607,444 due to implementing the agreed public sector pay increase.

    The amendments also allow the Certification Officer to:

    • Consider whether an organisation has breached certain statutory responsibilities without having first received a complaint from a member of that organisation or another eligible party.
    • Impose a financial penalty order or conditional financial penalty order where she finds that an organisation has breached its statutory responsibilities and/or its rules.

    There was one breach of the statutory election requirements which was brought to the Certification Officer’s attention by the trade union concerned. The Certification Officer agreed that the breach had occurred and made an order to remedy the breach.

    The Certification Officer did not see cause to make any financial penalty or conditional financial penalty order in relation to any of the beaches that she found (either arising from members’ complaints or otherwise).

    Notes to editors:

    • The Certification Officer is the independent regulator for trade unions, appointed by the Secretary of State for Business and Trade. Sarah Bedwell was appointed to the post on 1 January 2018 and retired on 31 May 2025. Michael Kidd was appointed as Interim Certification Officer from 1 June 2025.

    • All figures are taken from the annual returns received from organisations during the reporting year.

    Please direct any press enquiries to:

    0330 109 3602, info@certoffice.org

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    Published 8 July 2025

    MIL OSI United Kingdom –

    July 8, 2025
  • MIL-OSI United Kingdom: York Talk Money fortnight to help residents save thousands

    Source: City of York

    York residents can access a wealth of information and support that could save them thousands of pounds during York Talk Money fortnight, running from 7 to 18 July.

    Run by City of York Council and partners across the city, including Citizens Advice, Peasholme Charity, Age UK, York Energy Advice and OCAY, the regular event aims to help people who are struggling financially by sharing information and advice, and signposting to local help and support.

    York Talk Money aims to help York residents:

    • Get all the help they are entitled to
    • Reduce their outgoings as much as possible
    • Get advice if they need assistance

    The support available includes a new weekly drop-in with the non-profit Community First Credit Union.

    Residents can find out about the range of services, including back to school and Christmas savings accounts, affordable and fair loans and budgeting accounts. Pop along to Clements Hall, Nunthorpe Road, from 9.15am to 10.45am, or Marjorie Waite Court, Clifton, from 1pm to 3pm every Tuesday throughout July to find out more.

    National Energy Advice and Yorkshire Water will also be on hand at two welcoming and informative community events to support families and individuals with practical energy advice, resources, and free giveaways on Tuesday 8 July at The Gateway Centre, Front Street, from 10am to midday and Marjorie Waite Court Community Café from 1pm to 3pm.

    And people can find out more about using the council’s benefits calculator to find out what benefits they or residents they’re working with might be eligible for at an online teams webinar on Wednesday, July 16 from 12.30pm to 1.30pm. Booking is required, visit the webinar booking page to secure your place. 

    Cllr Katie Lomas, the council’s Executive Member with responsibility for Financial Inclusion, said:

    We know that the cost of living crisis is affecting many of us, but there is a lot of help, advice and support available locally to help you make the most of your money.

    “Getting the help you’re entitled to really can make a difference of thousands of pounds. Following our Pension Credit Take Up campaign, over 231 pensioners are now claiming over £1.7 million in Pension Credit, and passported support.

    “I’d urge anyone who’s facing financial hardship or worried about money to find out what help is available to them via our or local advice and support services, including York Talk Money Fortnight.”

    One York resident who received advice and support from Age UK York to claim Attendance Allowance, as part of the York Talk Money initiative, said:

    “A lot of pressure has now been taken off me. I was so cold this winter that I turned the heating on for the first time and felt an awful lot better. I don’t need to worry about turning the heating on anymore. Without your help I wouldn’t be in the position I am in today.”

    General advice on how to get the help you’re entitled to, reduce your outgoings and get further support is available at Live Well York or our Benefits Calculator.

    MIL OSI United Kingdom –

    July 8, 2025
  • MIL-OSI: RentRedi CEO Ryan Barone Named to Inman’s 2025 Future Leaders in Real Estate List

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) — RentRedi, the fastest-growing landlord software that makes renting easy for everyone, has announced that its Co-founder and CEO Ryan Barone was named to Inman’s Future Leaders in Real Estate list in the Technology & Data category. The award recognizes trailblazers who are reshaping the future of real estate through visionary leadership, innovation, and measurable impact.

    Recognized as an emerging leader transforming the real estate industry by forging new paths and redefining what’s possible, Barone’s inclusion in the Technology & Data category reflects his success in leveraging technology to deliver powerful tools to independent landlords and renters nationwide.

    Barone launched RentRedi after a frustrating experience trying to rent an apartment as a college student. What began as a tenant-focused app quickly evolved into a full-scale platform that addresses the needs of both landlords and renters. Today, RentRedi automates the entire renting lifecycle—listings, tenant screening, lease signing, rent collection, maintenance, and accounting—enabling landlords to manage properties remotely from anywhere in the world via web or mobile app.

    “Our mission is to become the go-to intelligence platform for smart landlords, empowering them to grow their businesses, gain financial freedom, and save time through automation and data-driven decisions,” said Barone. “At the same time, we’re helping landlords and tenants build stronger relationships and transforming the rental experience into one that works better for everyone.”

    RentRedi has earned a reputation as one of the most innovative and impactful companies in real estate technology, thanks in large part to its unique approach: releasing features based directly on user feedback and data-driven insights. Recent notable innovations include:

    • Credit Boost – The first rent reporting feature of its kind to report on-time rent payments to all three major credit bureaus (Equifax, Experian, TransUnion), helping tenants build credit and encouraging timely payments.
    • Accelerated Payouts – The only platform offering 2-day funding and same-day rent settlements included in its flat-rate pricing—no premium subscription required.
    • Custom Website Builder – Directly within the RentRedi platform, landlords can easily create branded and customized professional listing websites without requiring technical expertise, helping them stand out in a competitive market.
    • Real-Time Guidance from Real Data – Market and data insights like tenants using autopay pay on time 99% of the time (compared to 88% without it), and landlords using RentRedi’s screening process see on-time payments 17 days earlier on average show landlords how to optimize their businesses. Meanwhile, landlord surveys inform the industry on key trends and sentiments.

    By surfacing these kinds of metrics, RentRedi empowers landlords to take action to improve operations, strengthen tenant relationships, and grow their rental businesses. Barone’s leadership has turned RentRedi into not just a software tool, but a partner in success.

    With tens of thousands of landlords and hundreds of thousands of renters using the platform, RentRedi is redefining the landlord-tenant experience. Under Barone’s guidance, the company continues to transform the industry with a “need-to-have, not nice-to-have” philosophy that prioritizes simplicity, usability, and results.

    Earlier this year, RentRedi was also named to HousingWire’s 2025 Tech100 list, which celebrates the most innovative technology companies in housing. Together with Inman’s recognition of Ryan Barone as a Future Leader in Real Estate, these honors underscore how Barone’s vision and RentRedi’s user-driven, data-informed approach are setting new standards for what’s possible in rental housing.

    About RentRedi

    RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Investors can quickly grow their rental businesses by using RentRedi’s all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi’s easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests.

    Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company’s Next Big Things in Tech list in 2024, as well as HousingWire’s Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi.com.

    The MIL Network –

    July 8, 2025
  • MIL-OSI Africa: Transnet unveils locally built multi-purpose vessel in Cape Town

    Source: Government of South Africa

    Transnet unveils locally built multi-purpose vessel in Cape Town

    Transnet National Ports Authority (TNPA) has unveiled a R120 million locally built multi-purpose vessel, a crucial addition to its marine fleet at the Port of Cape Town. 

    This development marks another significant milestone in the execution of the TNPA’s ongoing Marine Fleet Renewal Programme, which aims to increase the availability of the marine fleet at South Africa’s commercial seaports.

    Built by Damen Shipyards Cape Town, the multi-purpose vessel is a multi-functional seagoing craft designed to support maintenance activities and enhance environmental management including pollution control and oil spill response within the port. 

    The vessel is designed to remove debris, conduct maintenance dredging and perform quay‑wall repairs. Additionally, it will assist in lighthouse maintenance and carry out upkeep tasks such as fender replacement and minor dredging activities. 

    During a christening ceremony held at the Shipyard, TNPA named and christened the vessel “Yarona,” a Setswana name which means “Ours”. The name was chosen by a TNPA employee through an internal competition. 

    A christening ceremony is a maritime tradition for launching a vessel, befitting following marine craft acquisition and is believed to bestow fortune and ensure safe voyage for the vessel and its crew. 

    Speaking at the ceremony, Transnet Group Chief Operating Officer, Solly Letsoalo, said at the heart of their Reinvent for Growth Strategy is infrastructure-led growth and a commitment to reliable and efficient operations across operations. 

    “As Transnet, we remain focused in modernising our fleet and ensure fit-for-purpose infrastructure in order to we meet the needs of our customers and the broader South African economy.”

    Measuring 19.05 metres in length with a beam of 8.36 metres, this vessel features an all-welded steel hull and superstructure for enhanced durability in harsh harbour conditions. This translates into a quicker and effective response when called upon by port users to remove navigation hazards.

    “Our ability to deliver this vessel is testament to our mission of building vessels in Africa for Africa. It underscores our commitment to localisation and supplier development, while contributing to job creation and skills development in the local maritime sector. 

    “The project has equally been beneficial to both men and women, with a strong focus on individuals from previously disadvantaged communities and with youth well-represented among the team,” said Sefale Montsi, Damen Shipyards Cape Town Director. 

    During the 14-month construction period, the project has significantly impacted local employment by creating approximately 18 job opportunities for the community. 

    Once operational, the multi-purpose vessel will employ three new crew members from TNPA, in addition to the two crew members who were aboard the old vessel. – SAnews.gov.za

    Edwin
    Tue, 07/08/2025 – 10:59

    MIL OSI Africa –

    July 8, 2025
  • MIL-OSI Asia-Pac: Opening remarks by Permanent Secretary for Financial Services and the Treasury (Financial Services) at Deloitte’s Digital Asset Forum (English only) (with photos)

    Source: Hong Kong Government special administrative region

    Opening remarks by Permanent Secretary for Financial Services and the Treasury (Financial Services) at Deloitte’s Digital Asset Forum (English only)  
    Eliza (Senior Advisor of Deloitte China Dr Eliza Chan), Duncan (Legislative Council member (Technology and Innovation) Mr Duncan Chiu), Robert (Hong Kong Digital Asset leader of Deloitte China, Mr Robert Lui), friends from the digital asset sector, ladies and gentlemen,
     
         The Forum today is very timely, as we are standing at a pivotal moment when economies worldwide are striving to chart the course for digital assets and oversight of their use. Hong Kong has been working diligently to stay ahead of the curve in building an ecosystem for the healthy development of the digital asset sector.
     
         As you know, back in 2022, we announced our first policy statement on digital assets, or virtual assets at the time, setting out our vision to create that comprehensive ecosystem under the principle of “same activity, same risks, same regulation”. Then in June 2023, we put in place a licensing regime for digital asset trading platforms. Now we have a total of 11 licensees with local and international backgrounds. Nine exchange-traded funds with digital underlying assets have also been listed. In May this year, with the support of the Legislative Council, we enacted the Stablecoins Ordinance, making Hong Kong one of the few economies in the world to have a comprehensive law in place on stablecoin issuance. The Ordinance is scheduled to come into effect on August 1, and the Hong Kong Monetary Authority will begin to accept licence applications.
     
         This solid groundwork serves as a springboard for the next phase of digital asset development in Hong Kong. The “LEAP” framework or metaphor embodied in the second policy statement issued on June 26 conveys a proactive and forward-looking approach. To recap, “L” stands for legal and regulatory streamlining, “E” for expanding the suite of tokenised products, “A” for advancing use cases and cross-sectoral collaboration, and “P” is people and partnership development. These are linked to Hong Kong’s unique advantages as an international financial centre, including our comprehensive legal system, sophisticated financial market and infrastructure, close connection with the international markets, and a wealth of professional talents.
     
         A lot of you are interested in the application scenarios or the “E” and “A” in the statement. A lot can be said on this. For now, I believe that as a well-developed financial market with a wide range of financial instruments and assets available for trading, Hong Kong has great potential to promote tokenisation of RWA (Real-World Assets). For example, Hong Kong is in a very good position to develop tokenised government bonds, building on our two landmark tokenised government green bond issuances in the past two years and Hong Kong’s status as a leading bond issuance hub in Asia. The first batch totalling HK$800 million issued in 2023 was the first tokenised green bond issued by a government entity. The second batch, issued in 2024 denominated in Renminbi, Hong Kong dollars, Euro and US dollars and totalling close to HK$6 billion equivalent, was the world’s first multi-currency digitally native green bonds. As announced in the 2025-26 Budget, the Government will regularise the issuance of tokenised bonds.
     
         I am sure that there are many good ideas about RWA out there in the marketplace. To encourage market participation in developing use cases, thanks to Cyberport, a funding scheme has been launched to support the development of high-impact applications with potential to serve as future use case benchmark.
     
         On the legal regulatory front or “L”, right on the next day following the promulgation of the second policy statement, we launched a public consultation on the licensing regimes for digital asset dealing and custodian service providers. This is another big step in making the regulatory regime comprehensive, thus enabling us to manage the risks and harness the potential in different activities along the digital asset value chain, from issuance, trading and dealing, to post-trade custodian service. The two-month consultation period will end in late August. Do let us have your views.
     
         On the people and partnership front or “P”, we value stakeholder engagement, and we walk the talk. At the policy level, the Financial Secretary is chairing the Task Force on Promoting Web3 Development. At the regulator level, the Securities and Futures Commission has established a consultative panel focusing on market and regulatory issues. The panel just held its second meeting yesterday. Fora like the one today will certainly provide useful feedback for our work.
     
         Our policy stance on digital assets is clear. We strive to embrace financial innovations so as to capture their potential benefits, but at the same time we need to put in risk management guardrails with emphasis on investor protection and user education. With this, we look forward to hearing your feedback, and I wish you fruitful discussions. Thank you.
    Issued at HKT 18:40

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    July 8, 2025
  • MIL-OSI: Hyperscale Data Reports Approximately $11.2 Million in Bitcoin Mining Revenue Year to Date, Including Approximately $1.5 Million for June 2025

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, July 08, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary Sentinum, Inc. (“Sentinum”) received approximately 13.7 Bitcoin in the month of June 2025 and approximately 103.7 Bitcoin year to date (through June 30, 2025) from the mining pool to which Sentinum provides hash calculation services. Revenue is calculated daily based upon the number of Bitcoin earned that day at the value of Bitcoin on such date.

    As previously announced, Sentinum entered into a hosting services agreement with a service provider in Montana to provide Sentinum with operations and asset management services and access to approximately 20 megawatts (“MWs”) of energy capacity and other critical infrastructure to be used for Sentinum’s Bitcoin mining operations. Sentinum has delivered approximately 6,800 Antminers (“Antminers”) to the service provider’s data center, which have been installed and are ready for operation. In addition, Sentinum recently completed the reenergizing of approximately 10 MWs of power at its Montana facility and resumed Bitcoin mining operations, with approximately 2,600 Antminers operational today, which is anticipated to be increased to approximately 3,200 Antminers by the end of July 2025.

    “The activation of two additional Bitcoin mining sites marks a significant step forward for our Bitcoin mining operations, with approximately 18,200 Antminers operational,” said William Horne, CEO of Hyperscale Data. “With approximately $11.2 million in year-to-date Bitcoin mining revenue, and a significant increase in expected topline revenue for the third and fourth quarters of 2025, we’re demonstrating the strength of our infrastructure and the momentum behind our strategy. We remain committed to maximizing efficiency and delivering long-term value to our stockholders.”

    Hyperscale Data notes that all estimates and other projections are subject to the volatility in Bitcoin’s market price, the fluctuation in the mining difficulty level, the ability to deliver and provide the necessary power for miners, the obligation to deliver Bitcoin mined as payment towards fees and deposits until paid in full, full utilization of the miners, which includes the right of our service provider to turn off Antminers when energy prices are unfavorable for Bitcoin mining, and other factors that may impact the results of Bitcoin mining production or operations. In addition, Hyperscale Data cautions that revenue will only be recognized to the extent that Bitcoin (or cash upon the sale of Bitcoin) is deposited into our account, which amount will be less than the value of all Bitcoin mined.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

    July 8, 2025
  • Heatwaves, droughts and wildfires costing Europe billions each year

    Source: Government of India

    Source: Government of India (4)

    Extreme heat and worsening drought situations are gripping large parts of Europe, sparking wildfires, triggering red alerts and intensifying global calls for effective climate actions. Driven by climate change, scientists warn, these conditions signal a new era of drought, threatening food security, energy security, ecosystems and economies.

    The worrying part is that heatwaves and wildfires are constantly growing deadlier and costlier. If the European Environment Agency (EEA) is to be believed, heatwaves and wildfires are costing Europe billions of euros every year. Estimatedly, in 2023 alone, such climate-related disasters cost around 45 billion euros to 38 European countries, including EU, other European Economic Area (EEA) members, and cooperating countries.

    If we take into account the total economic losses from weather and climate related calamities, they exceeded 790 billion euros across the European Economic Area, comprising 32 EEA member states and six Western Balkan countries between 1980 and 2023.

    In recent years, Europe has faced an alarming rise in climate-driven calamities like extreme weather conditions, particularly heatwaves and wildfires. These disasters are endangering lives and ecosystems, while at the same time imposing severe economic burdens on governments, local communities and industries. Germany, Italy, France and Spain faced the highest economic losses, however, as per the environmental agency, little of this damage was insured.

    According to the European Environment Agency, the leading causes of the damage are floods, storms, wind and hail, while heatwaves cause the most deaths in majority of the countries. As far as economic losses are concerned, they may vary from year to year and country to country, but trends suggest there is a sharp rise in economic damage, which may go beyond 50 billion euros annually.

    There is little doubt that people across the world are struggling with sweltering hot temperatures fuelled by climate change, but the way the sweltering summer is gripping southern Europe, parts of the US and the UK is unprecedented.

    The scourge of the rising temperature can be understood from the fact that southern Spain experienced 46 degrees Celsius temperature a few days earlier, which is a new record for the month of June. According to the national weather agency, Barcelona has set a new record for its hottest month in June this year, forcing the authorities to urge people to seek shelter from this excruciating heat condition.

    A number of countries including France and Italy, have stationed their ambulances near tourist hotspots to treat people if they suffer from heatstroke. Among the vulnerable are people over 65 years of age, pregnant women, children and those with chronic health conditions.

    In June, fires caused by the heat and strong winds struck France, Turkey, Greece, Italy and a few other countries, making situations worse than even expected. Germany, the largest economy of Europe and the third largest globally, is also facing a similar situation, as the temperature this year is hovering around 40 degrees Celsius. The town of Andernach in western Germany recorded 39.3 degrees Celsius, marking the highest temperature so far this year, according to the German Weather Service (DWD). Germany’s all-time heat record is 41.2 degrees Celsius, recorded on July 25, 2019.

    The worsening heat situations have forced quite a few countries to issue heat alerts. Sixteen regions in France including Paris and other parts of southern and eastern Europe have heat alerts in place. The soaring temperatures forced its Climate Minister, Agnes Pannier-Runacher to call the situation an unprecedented one. Heat alerts are also in place in several parts of Spain, Portugal, Italy, Britain and Balkan countries like Croatia. Several countries have recorded their hottest June this year.

    Besides emergency services being put in place in several countries and warnings being issued for people to stay inside as much as possible, around 200 schools across France are either closed or partially closed as a result of the heatwave conditions.

    Heatwaves are impacting many parts of Central Asia, the Middle East, North Africa, North America and a few others also, but the way Europe is facing heat conditions calls for urgent measures, as the region is not known for such heatwave conditions.

    Studies suggest more than two-thirds of the heatwave conditions have hit Europe since 2000 and the conditions are gradually worsening. The Intergovernmental Panel on Climate Change Sixth Assessment Report shows that by 2050, around half of the people in Europe may be exposed to heatwave conditions during summer.

    It is also undeniably true that the effects of heatwave conditions are more pronounced in cities, as urban environments are significantly warmer than rural areas due to a large number of paved surfaces, huge multi-story buildings, large number of all kinds of vehicles and several other heat-generating sources.

    A new UN report says droughts have risen 30% since 2000, now affecting all sectors from agriculture and energy to healthcare and infrastructure. Owing to very high temperatures, the economic distress of people is growing fast.

    Just as COVID-19 strained the insurance sector, rising temperatures are now compounding the pressure, with insurers reassessing the risks and costs of covering properties in high-risk zones across Europe.

    Public infrastructure is also not immune to the stress being thrown upon by rising temperatures. Roads, railways, power grids and hospitals also suffer heatwave-related wear and tear. Wildfires destroy homes, farmlands and forests, which require billions for reconstruction and recovery.

    The economic toll can be gauged from the fact that some countries are already losing up to 10% of GDP annually, as suggested by some environmental and economic reports. The OECD warns drought-related costs could double again by 2035.

    Hence, environmentalists and those who understand these damaging trends urge urgent global investment in early warning systems, drought monitoring, nature-based solutions and climate-resilient infrastructure. Without strong action and better implementation of national plans, droughts could spiral into global economic and humanitarian shocks.

    Clearly, the need for urgent and coordinated action has never been more critical, as heatwaves intensify across Europe and the globe, driven by accelerating climate change. Mitigating these impacts requires multi-fold efforts, including reducing greenhouse gas emissions to slow global warming and investing heavily in adaptation measures to protect people, economies and ecosystems from escalating heat extremes.

    For Europe, this means upgrading infrastructure to withstand extreme heat, expanding green urban spaces to reduce the urban heat island effect and strengthening public health systems to respond to heat-related health conditions. Since the majority of the countries in Europe are not prepared to face such heatwave conditions, they need to improve early warning systems, ensure access to cooling centers for vulnerable populations and integrate climate resilience into housing and city planning.

    On global scale, cooperation and coordination among countries are essential, as climate change-related calamities are not going to be restricted to a few regions. Hence, sharing technology, funding nature-based solutions like reforestation and watershed restoration and supporting climate-vulnerable regions are key to having a holistic solution. The world also requires a proactive and science-driven approach along with an equity-based climate strategy before the human and economic cost becomes unmanageable for us.

    July 8, 2025
  • MIL-OSI Russia: Mikhail Mishustin appointed Dmitry Volvach as head of the Federal Accreditation Service

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Order dated July 7, 2025 No. 1831-r

    The Federal Accreditation Service (Rosaccreditation) is headed by Dmitry Volvach. The order on his appointment to this position was signed by Prime Minister Mikhail Mishustin.

    Document

    Order dated July 7, 2025 No. 1831-r

    Dmitry Volvach was born in 1972 in Moscow.

    In 1996, he graduated from the Lomonosov Moscow State University with a degree in physics, in 1998, from the Law College – Specialized Institute of Jurisprudence of the Lomonosov Moscow State University with a degree in jurisprudence, and in 2001 from the All-Russian State Tax Academy with a degree in finance and credit. Candidate of Legal Sciences.

    From 1998 to 2000, he worked in the Interdistrict Inspectorate of the Ministry of the Russian Federation for Taxes and Duties No. 40 for the city of Moscow.

    Since 2000, he has worked in various positions in the Ministry of Taxes and Duties of the Russian Federation, and later in the Federal Tax Service. From 2019 to 2021, he was deputy head of this department.

    Since March 2021, he held the post of Deputy Minister of Economic Development of the Russian Federation.

    Nazariy Skrypnik, who until now headed the Federal Accreditation Service, has been relieved of his post at his request.

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

    .

    MIL OSI Russia News –

    July 8, 2025
  • MIL-OSI Russia: Financial news: What investors know about mutual funds: Bank of Russia survey

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Bank of Russia will appreciate, how popular are mutual investment funds (MIF) among investors, from what sources do they get information about funds, and whether they are satisfied with the amount of information disclosed.

    The collective investment sector is one of the most dynamically developing in Russia. A mutual fund is the most convenient financial instrument for an investor, including a beginner. The investment process is simple: a future shareholder transfers his funds to a fund managed by a management company. A professional manager invests the received resources in various assets: securities, real estate, infrastructure projects and other instruments. The entry ticket to a mutual fund is small – you can start investing with just 5 rubles on hand.

    In order to increase interest in such an instrument, the Bank of Russia intends to analyze what sources an investor uses to obtain information about a mutual fund, how convenient and understandable such a financial instrument is. This will allow the regulator to further create conditions for increasing the availability of information for a wide range of investors and increase the attractiveness of investments in mutual funds.

    The Bank of Russia published report, where he identified possible scenarios for the development of the retail mutual fund market.

    Preview photo: Pixels Hunter / Shutterstock / Fotodom

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

    .

    MIL OSI Russia News –

    July 8, 2025
  • MIL-OSI Russia: Ministry of Economic Development: SEZ residents almost doubled investments in 2024

    Translation. Region: Russian Federal

    Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

    An important disclaimer is at the bottom of this article.

    The Ministry of Economic Development of Russia sent to the Government report on the results of the work of special economic zones for 2024. Such analysis is carried out annually in accordance with the rules for assessing the effectiveness of the functioning of the SEZ, approved by the Government.

    The overall efficiency indicator was 90% (the functioning of the SEZ is considered effective if the overall calculated indicator is 80%).

    “In recent years, the number of SEZs in the country has increased significantly. New territories with a preferential regime have already been included in the rating, but have not yet reached full capacity. At the same time, residents are actively entering the “young” SEZs, expanding production and investing, creating highly paid jobs. Thus, the lion’s share of all investments in the SEZ in 2024 were provided by territories created in 2020-2022. It is important that businesses are increasing investments in the development of new technologies – R&D costs have grown by almost 60% and exceeded 35 billion rubles. This means that even in difficult conditions, companies continue to search for and implement innovative solutions, update products and develop new markets,” said Deputy Minister of Economic Development Svyatoslav Sorokin.

    According to the assessment results, the leaders in terms of efficiency for 2024 were industrial production zones in the Samara Region (Tolyatti), the Republic of Tatarstan (Alabuga), Moscow Region (Stupino Kvadrat), Ivanovo Region (Ivanovo), Lipetsk Region (Lipetsk), and Kaluga Region (Kaluga).

    “Special economic zones remain one of the most effective instruments of state support for investors. Last year, residents invested more than 1.2 trillion rubles in projects, which is twice as much as the year before. Over 25 thousand new jobs were created, which is 40% more than in 2023. These results confirm that businesses are comfortable working in SEZ conditions: these are tax and customs preferences, ready-made infrastructure, administrative support and reduced costs for connecting to resources. All this makes SEZ sites growth points and attractive for long-term investments,” Svyatoslav Sorokin emphasized.

    “Business investments are new high-tech production facilities, jobs, and taxes that we direct to the development of the social sphere and improving the quality of life of our citizens. And the special economic zone “Togliatti” with its opportunities and preferences is an effective tool for attracting private investment, a key growth point. The development of the capacities of the SEZ “Togliatti” will contribute to the development of the regional economy and increase the competitiveness of the region in the investment arena,” said the Governor of the Samara Region Vyacheslav Fedorishchev.

    “Of course, the preferences of the special economic zone play an important role when an investor chooses a location – these are both tax benefits and ready-made infrastructure. For us, the SEZ in Baikalsk has become part of the important work to create a new environmentally friendly business format on the former industrial site,” said Igor Kobzev, Governor of the Irkutsk Region. He also noted that there is currently a high interest from investors in the SEZ, in connection with which the regional authorities are preparing documents for the Ministry of Economic Development of the Russian Federation to expand the preferential regime zone.

    “The Saint Petersburg Special Economic Zone annually confirms its effectiveness, taking places in the top three special economic zones of the technology implementation type. We are the leader in the volume of tax deductions from our residents to the country’s budget system. This makes a significant contribution to the high assessment of our work. Over 19 years of operation, two operating sites of the SEZ have already brought Saint Petersburg 135 billion rubles in investments, almost 8 thousand jobs and about 29 billion rubles in tax deductions. The city sees the effect for Saint Petersburg and is interested in scaling up the project,” said Tamara Rondaleva, General Director of JSC Saint Petersburg Special Economic Zone.

    The efficiency assessment was carried out based on 25 quantitative indicators, as well as six calculated metrics, including: the performance of residents, the profitability of investments from budgets at all levels in the infrastructure of the zones, the efficiency of management bodies, the quality of planning during the creation of the SEZ, and the contribution to the achievement of national development goals defined by the May decree of the President of the Russian Federation.

    Every year new production facilities are opened in the territory of special economic zones. In 2024 alone, several socially significant and high-tech projects began operating at once.

    The production of televisions under the GigaFactory brand has started in the Novgorodskaya SEZ — this is the first and only enterprise of its kind in the region. The plant produces “smart” televisions based on a domestic operating system, which makes the project an important element of import substitution.

    On the territory of the SEZ “Lotus”, the company “Rybnye Korma” launched the first stage of the plant for the production of feed for industrial aquaculture – sturgeon, catfish, trout, salmon, sea bass and dorado. The production is focused on domestic raw materials, and the volume of feed production today is up to 25 thousand tons per year.

    The Krasnogorsky dairy plant has started operating in the Orenburg SEZ. The processing capacity is up to 150 tons of milk per day, the range is more than 50 types of dairy and fermented milk products. The products are supplied not only to retail chains in the Orenburg Region and neighboring regions, but also to Kazakhstan and China.

    The Petexpert plant, specializing in the production of high-quality pet food from natural raw materials, has opened in the Lipetsk SEZ. The enterprise produces up to 20 thousand tons of dry food per year and is developing regional exports.

    On the territory of the SEZ PPT “Alga” in Bashkortostan, the company “Azimut” launched an innovative plant for the production of road paint and cold plastic for marking. The production is located in the industrial park “Ufimsky” and is equipped with a modern laboratory and lines. The products are used in the implementation of federal and regional programs for the construction of transport infrastructure.

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

    .

    MIL OSI Russia News –

    July 8, 2025
  • MIL-OSI Russia: Financial news: RUONIA Interest Rate Monitoring Committee Activity Report for the second half of 2024

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The RUONIA Interest Rate Monitoring Committee, which includes representatives of the Bank of Russia and external representatives of the financial market, monitors the implementation of administrative functions in accordance with the principles for financial indicators of the International Organization of Securities Commissions.

    The main tasks of the Committee:

    monitoring the implementation of RUONIA administration functions; coordinating documents and procedures related to RUONIA administration; interacting with users of RUONIA, the urgent version of RUONIA and the RUONIA index.

    The composition of the Committee is formed in such a way as to eliminate potential conflicts of interest. The members of the Committee are appointed not on the basis of their official position, but based on their professional competencies. They participate in the work of the Committee personally and do not have the right to delegate their powers to other persons. The members of the Committee do not receive payment for their activities as members of the Committee.

    The appointment of the Committee members is based on the Order of the Chairman of the Bank of Russia. Its composition is valid until the re-issue of the Order of the Chairman of the Bank of Russia at the proposal of the Chairman of the Committee, the first deputies or deputy chairmen of the Bank of Russia, as well as the heads of the structural divisions of the Bank of Russia. The members of the Committee cannot be employees involved in the functions of collecting, processing, calculating the interest rate indicator and its publication. In addition, the members of the Committee cannot be employees of the structural divisions of the Bank of Russia, for which the RUONIA interest rate is involved in key business processes, including the development and implementation of monetary policy. External members of the Committee cannot be representatives of organizations from the list of RUONIA participants.

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

    .

    MIL OSI Russia News –

    July 8, 2025
  • MIL-OSI Russia: Financial news: The meeting of the National Financial Council took place (08.07.2025)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    At its meeting on June 27, 2025, the National Financial Council (NFC) reviewed the Annual Report of the Bank of Russia for 2024, information from the Board of Directors of the Bank of Russia on the main issues of the Bank of Russia’s activities for the first quarter of 2025, as well as the report of the limited liability company “Management Company of the Banking Sector Consolidation Fund” for 2024.

    The meeting participants discussed the key stages of development of the Bank of Russia digital ruble platform project. During the NFS meeting, reports were heard on the development of the capital market, the digital financial assets market and its prospects. The risks of concentration of systemically important credit institutions were discussed, as well as the current status of the transition to the preferential use of Russian software and electronic products in the financial sector.

    The NFS approved the Bank of Russia’s report on expenses for 2024 for the maintenance of Bank of Russia employees, pension provision, personal insurance of Bank of Russia employees, capital investments and other administrative and economic needs, as well as the Bank of Russia’s regulations on accounting in the Bank of Russia.

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

    .

    MIL OSI Russia News –

    July 8, 2025
  • MIL-OSI Asia-Pac: LegCo powers bill gazetted

    Source: Hong Kong Information Services

    The Government today published in the Gazette the Legislative Council (Powers & Privileges) (Amendment) Bill 2025, which aims to improve the system on the performance of duties by Legislative Council members.

    The bill, which will be introduced into LegCo for first reading tomorrow, amends the Legislative Council (Powers & Privileges) Ordinance to provide for imposing financial penalties on members suspended under the Rules of Procedure (RoP) from LegCo service due to a breach of the Code for Members of the Legislative Council.  

    The bill is being introduced in accordance with LegCo’s proposal, in light of its improvement to the system on the performance of duties by members, the introduction of the code, and corresponding amendments to be made to the RoP.

    The Government noted that at present, the deprivation of LegCo members’ remuneration and allowance in respect of the period of suspension provided under the ordinance is only applicable to cases of engaging in grossly disorderly conduct.

    According to LegCo’s proposal, in future, members who have breached the code and are suspended under the RoP will also be subject to the same deprivation of remuneration and allowance.

    The amendments will also provide flexibility to LegCo to cater for deprivation of remuneration and allowance of members suspended from LegCo service for other reasons under the RoP as approved by LegCo in future.

    Once the Bill is passed it will take effect starting from the Eighth-Term LegCo in tandem with the code and the amended RoP. 

    The Government emphasised that it fully appreciates the initiatives taken by LegCo to enhance self-regulation and self-improvement as well as transparency of its operation.

    The amendments to the ordinance will facilitate LegCo in striving for continual improvement, thereby optimising the contribution of “patriots administering Hong Kong”, the Government added.

    MIL OSI Asia Pacific News –

    July 8, 2025
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