Category: Economy

  • MIL-OSI: NuVista Energy Ltd. Announces Updated Annual Production Guidance Due to Third Party Midstream Delays

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or “NuVista”) is providing revised guidance to our annual production volumes and reiterating our commitment to our shareholder return strategy. Due to continued delays in commissioning the Pipestone Gas Plant (“Pipestone Plant”) and additional required work discovered during a gas plant turnaround in the greater Wapiti area (“Wapiti Turnaround”), we now anticipate annual volumes to average approximately 83,000 Boe/d(1). The impact of the delays due to the Pipestone Plant and Wapiti Turnaround on annual production volumes is approximately 3,500 Boe/d and 6,000 Boe/d, respectively. Both third-party facilities are expected to be fully operational prior to September.

    It is important to note the nature of the Wapiti Turnaround. These activities take place once every four years and were planned for in our annual budget. However, additional work was discovered that the operator has chosen to proceed with to set the plant up for a major life extension, increase throughput and improve reliability. Although undertaking this work has increased the duration of the turnaround, we are supportive of it being completed at this time and are looking forward to decades of reliable processing capacity to support NuVista’s growth strategy.

    NuVista’s operations continue to progress extremely well with 43 new wells expected to be available for production by the end of the third quarter, setting us up for fourth quarter volumes to exceed 100,000 Boe/d as planned. As a result of the delays noted above, production in the second quarter averaged approximately 73,500 Boe/d. A comprehensive update on our continued well cost achievements, production performance and production guidance for the third quarter will be provided with our second quarter earnings release in August.

    Importantly, we are reiterating our commitment to our shareholder returns strategy. Our pristine balance sheet, opportunistic hedging, and less intensive second half 2025 capital plan will allow us to continue to make significant progress on our share repurchase program despite the reduced outlook in our annual production volumes. At current commodity price levels, we anticipate generating approximately $150 million in free adjusted funds flow(2) in the second half of the year, the majority of which will be directed to the share repurchase program. We plan to maintain debt levels below our soft ceiling of $350 million and have flexibility in our capital plans to adapt if there is downward pressure in commodity prices.

    We would like to thank our staff and contractors for their continued commitment to advancing NuVista’s delivery of top-tier returns to shareholders. So far this year, we have achieved a new record production in the first quarter of just under 90,000 Boe/d and have repurchased 7.9 million shares representing a 3.3% reduction to the number of shares outstanding at the beginning of the year. With 43 new wells ready for production once the facility work is complete, we will be in a strong position to produce above 100,000 Boe/d in the fourth quarter of the year.

    Note:  
       
    (1) See “NuVista Guidance Information”.
    (2) “Free adjusted funds flow” is a non-GAAP financial measure that do not have any standardized meanings under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other companies where similar terminology is used. Reference should be made to the section entitled “Non-GAAP and Other Financial Measures” in NuVista’s MD&A for the three months ended March 31, 2025 for historical information on free adjusted funds flow, which information is incorporated by reference into this press release and can be found on NuVista’s SEDAR+ profile at www.sedarplus.ca.


    About NuVista

    NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. The common shares of NuVista trade on the TSX under the symbol NVA. Learn more at www.nuvistaenergy.com.

    Advisories Regarding Oil and Gas Information

    BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    Basis of presentation

    The reporting and measurement currency is the Canadian dollar. National Instrument 51-101 – “Standards of Disclosure for Oil and Gas Activities” includes condensate within the product type of natural gas liquids. NuVista has disclosed condensate values separate from natural gas liquids herein as NuVista believes it provides a more accurate description of NuVista’s operations and results therefrom.

    NuVista Guidance Information

    NuVista has updated its guidance for 2025 annual average daily production to approximately 83,000 Boe/d and its 2025 second quarter production estimate to 73,500 Boe/d. The production split for Boe/d amounts referenced in this press release are as follows:

    Reference Total Boe/d Natural Gas

    %

    Condensate

    %

    NGLs

    %

             
     Q2 2025 production estimate ~73,500  62 29 9
     Q2 2025 production guidance (original) (1) 75,000 – 77,000  62%  29%  9% 
     2025 annual production guidance (revised) ~83,000  61 30 9
     2025 annual production guidance (original) (1) ~90,000  61%  30%  9% 

    Note:

    (1) As of May 8, 2025.

    In this press release reference is made to 2025 price outlook in the forecast of annual free adjusted funds flow. The forecast is based on 2025 price assumptions of: US$65/Bbl WTI, US$3.70/MMBtu NYMEX, C$2.00/GJ AECO and 1.38:1 CAD:USD FX.

    Advisory Regarding Forward-Looking Information and Statements

    This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. The use of any of the words “will”, “expects”, “believe”, “plans”, “potential” and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements, including but not limited to:

    • the expected impact to annual production caused by delays in the third party infrastructure in the Pipestone and Wapiti areas;
    • the expected timing of start-up of a third-party gas plant in the Pipestone area as well as expected timing of the completion of third-party turnaround activities in the greater Wapiti area;
    • revised guidance with respect to annual 2025 production and production mix;
    • expectations with respect to second quarter 2025 production as compared to previously provided guidance;
    • expectations that production in the fourth quarter will exceed 100,000 Boe/d;
    • that NuVista will continue to be able to make significant progress on its share repurchase program;
    • that an update of well cost achievements, production performance and production guidance for the third quarter of 2025 will be provided in our August earnings release;
    • that we will generate free adjusted funds flow of approximately $150 million in the second half of 2025;
    • our ability to continue directing free adjusted funds flow towards our share repurchase program; and
    • that we will maintain debt levels below our soft ceiling of $350 million.

    The future acquisition of our common shares pursuant to a share buyback (including through our normal course issuer bid), if any, and the level thereof is uncertain. Any decision to acquire common shares pursuant to a share buyback will be subject to the discretion of the Board of Directors and may depend on a variety of factors, including, without limitation, NuVista’s business performance, financial condition, financial requirements, growth plans, expected capital requirements and other conditions existing at such future time including, without limitation, contractual restrictions and satisfaction of the solvency tests imposed on NuVista under applicable corporate law. There can be no assurance of the number of common shares that NuVista will acquire pursuant to a share buyback, if any, in the future.

    By their nature, forward-looking statements are based upon certain assumptions and are subject to numerous risks and uncertainties, some of which are beyond NuVista’s control, including the climate and impact of weather conditions on our assets, personnel, third party infrastructure and the communities where we work. NuVista has included the forward-looking statements in this press release in order to provide readers with a more complete perspective on NuVista’s future operations and such information may not be appropriate for other purposes. The forward-looking information contained herein are expressly qualified in their entirety by this cautionary statement.

    This press release also contains financial outlook and future oriented financial information (together, “FOFI”) relating to NuVista including, without limitation, free adjusted funds flow in the second half of 2025 and 2025 annual and second quarter production which are based on, among other things, the various assumptions disclosed in this press release including under “Advisory Regarding Forward-Looking Information and Statements”. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and the impact of the tariffs on NuVista’s business operations and financial condition, while currently unknown, may be material and adverse and, as such, undue reliance should not be placed on FOFI. NuVista’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits NuVista will derive therefrom. NuVista has included the FOFI in order to provide readers with a more complete perspective on NuVista’s future operations and such information may not be appropriate for other purposes.

    These forward-looking statements and FOFI are made as of the date of this press release and, except NuVista disclaims any intent or obligation to update any forward-looking statements and FOFI, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws, NuVista undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise law.

    The MIL Network

  • MIL-OSI: New Open Market Pattern: Strategic Opportunities in the XRP and DRML Mining Machine Alliance

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 02, 2025 (GLOBE NEWSWIRE) — The crypto industry evolves rapidly. Among emerging collaborations, the alliance between XRP and DRML mining machines is gaining attention. Both technologies aim to simplify and amplify blockchain infrastructure. When combined, they introduce a new era of innovation, speed, and efficiency in mining operations.

    XRP’s fast, secure, and low-cost transactions offer the perfect foundation for scalable mining platforms. DRML Miner, known for high-performance and energy-saving mining machines, complements this with hardware that performs without massive energy consumption.

    Why the XRP-DRML Partnership Matters to the Open Market

    The open market is fueled by progress. XRP’s advanced blockchain network ensures instant payments and ultra-low fees. DRML’s contribution lies in optimizing mining hardware, using smart power consumption and efficient chips.

    Together, this duo could transform how miners earn. Transaction speeds improve, and hardware becomes more affordable. That’s not just evolution — it’s disruption. It promises better profit margins and more stable long-term investments for crypto participants.

    Enhanced Mining Efficiency and Lower Operational Costs

    DRML machines are already known for superior hash rates with minimal energy waste. Partnering with XRP creates new mining ecosystems that require less operational capital. Instant rewards paid in XRP reduce friction in payout processing.

    Miners no longer need to rely on third-party processors or suffer delays. Every transaction becomes fast, transparent, and verified. That leads to greater savings and smoother cash flows. Miners can scale with lower barriers to entry.

    Tapping Into Emerging Global Markets

    This strategic cooperation opens the door to underserved regions. Countries in Latin America, Africa, and Southeast Asia are seeking efficient and affordable blockchain solutions. The XRP-DRML duo fits that demand.

    By providing discounted DRML hardware preloaded with XRP benefits, local operators gain tools to mine profitably. That could lead to a rise in mining adoption globally. Moreover, these regions might become future hubs for decentralized finance infrastructure.

    Creating New Revenue Channels and Loyalty Programs

    XRP offers more than fast transfers. It also functions as a bridge currency. DRML can tap into that to streamline international payments with ease. Vendors and miners can use XRP for cross-border hardware purchases, minimizing currency exchange fees.

    DRML could also roll out exclusive incentives — like lower service charges or faster delivery for XRP-based purchases. These perks promote repeated usage and brand loyalty. Both XRP and DRML benefit from this closed-loop ecosystem of recurring transactions.

    Building Trust and Enhancing Transparency

    Every great partnership thrives on trust. XRP’s public ledger brings traceability to every transaction. When DRML Miner hardware is sold, the payment trail remains crystal clear.

    For miners, this means faster verification and fewer disputes. With fewer delays in processing, confidence increases. Transparency adds value to business-to-business deals, elevating DRML’s brand and XRP’s utility in real-world transactions.

    Addressing Challenges Before They Emerge

    Of course, challenges exist. Global regulatory pressures could influence blockchain partnerships. Hardware manufacturing still faces risks from chip shortages or rising energy prices.

    However, both XRP and DRML have teams that anticipate market fluctuations. Their agility and innovative drive position them to navigate complex environments. Combined, they offer resilience backed by solid tech and strategic planning.

    The Future Vision: A Smarter Crypto Economy

    This alliance could do more than improve mining. It might redefine the economic model behind crypto production and distribution. With XRP providing instant liquidity and DRML offering scalable mining gear, the two set a precedent for future projects.

    New startups and existing miners alike can benefit from these innovations. Whether you’re a solo miner or run a large-scale operation, this partnership offers efficiency, reduced costs, and greater global access.

    Conclusion: XRP and DRML as a Crypto Power Duo

    XRP and DRML are not just collaborating — they’re setting a new standard. Together, they can cut costs, speed up transactions, and reach global markets that need innovation most. The open market thrives on change, and this synergy could very well lead the charge into a more inclusive and efficient crypto mining economy.

    The future of crypto isn’t just digital — it’s smarter, faster, and more interconnected. And XRP with https://drmlminers.com/ might just be the partnership that lights the way.

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: reAlpha Enhances Mortgage Operations with AI-Powered Loan Officer Assistant

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, July 02, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced the launch of its AI-powered Internal Loan Officer Assistant. This newly released AI-powered assistant is designed to streamline administrative tasks within the mortgage division, driving operational efficiency and enhancing loan processing accuracy.

    The introduction of the AI Loan Officer Assistant is part of reAlpha’s broader strategy to enhance its mortgage operations. This initiative builds on the Company’s recent acquisitions, including Be My Neighbor and GTG Financial, which have expanded reAlpha’s mortgage services footprint across 30 U.S. states.

    “Our mission is to deliver exceptional service without sacrificing the human connection that defines the homebuying experience,” said Jamie Cavanaugh, Chief Executive Officer at Be My Neighbor. “By automating time-consuming tasks, we empower our team members to increase their productivity and support more consumers. This AI-powered Loan Officer Assistant is not a replacement for people: it’s a force multiplier that allows mortgage professionals to focus more time on what truly matters: helping individuals and families navigate the path to homeownership with confidence and care.”

    Early operational results1 show that reAlpha’s AI Loan Officer Assistant reduces manual document preparation and reconciliation time by approximately 60 percent at the loan processing stage. By automating one-third of the loan intake process, the tool accelerates document classification, labeling, and validation. This efficiency would enable loan teams to process up to 40 additional loans per month per officer, enabling teams to support increased loan volumes while preserving service quality and positioning reAlpha’s mortgage division for scalable growth.

    This launch aligns with industry trends, as financial institutions are increasingly adopting AI to reduce operational costs and improve service delivery. Industry data indicates that AI integration in mortgage lending can increase loan origination volumes by up to 50%, reduce underwriting cycle times by 50%, and cut operational costs by as much as 30-50%.2 Moreover, AI-driven automation has been shown to improve borrower experience through faster approvals and personalized service, factors critical to competitive positioning in today’s market.3

    reAlpha’s AI Loan Officer Assistant will continue to evolve, expanding to handle more complex mortgage scenarios. The company’s technology roadmap includes the rollout of additional features aimed at further improving loan processing speed, accuracy, and scalability as market demands grow.

    ________________________________
    1 These early operational results are based on preliminary internal testing with a limited sample size and have not been independently verified.
    2https://www.scnsoft.com/lending/mortgage/artificial-intelligence
    3https://riverjournalonline.com/around-town/real-estate/how-ai-will-shape-the-mortgage-industry-in-2025/199032/

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release, including early operational results relating to the AI Loan Officer Assistant, includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by Be My Neighbor’s Chief Executive Officer, Jamie Cavanaugh, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any 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.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    media@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    The MIL Network

  • MIL-OSI: reAlpha Enhances Mortgage Operations with AI-Powered Loan Officer Assistant

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, July 02, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced the launch of its AI-powered Internal Loan Officer Assistant. This newly released AI-powered assistant is designed to streamline administrative tasks within the mortgage division, driving operational efficiency and enhancing loan processing accuracy.

    The introduction of the AI Loan Officer Assistant is part of reAlpha’s broader strategy to enhance its mortgage operations. This initiative builds on the Company’s recent acquisitions, including Be My Neighbor and GTG Financial, which have expanded reAlpha’s mortgage services footprint across 30 U.S. states.

    “Our mission is to deliver exceptional service without sacrificing the human connection that defines the homebuying experience,” said Jamie Cavanaugh, Chief Executive Officer at Be My Neighbor. “By automating time-consuming tasks, we empower our team members to increase their productivity and support more consumers. This AI-powered Loan Officer Assistant is not a replacement for people: it’s a force multiplier that allows mortgage professionals to focus more time on what truly matters: helping individuals and families navigate the path to homeownership with confidence and care.”

    Early operational results1 show that reAlpha’s AI Loan Officer Assistant reduces manual document preparation and reconciliation time by approximately 60 percent at the loan processing stage. By automating one-third of the loan intake process, the tool accelerates document classification, labeling, and validation. This efficiency would enable loan teams to process up to 40 additional loans per month per officer, enabling teams to support increased loan volumes while preserving service quality and positioning reAlpha’s mortgage division for scalable growth.

    This launch aligns with industry trends, as financial institutions are increasingly adopting AI to reduce operational costs and improve service delivery. Industry data indicates that AI integration in mortgage lending can increase loan origination volumes by up to 50%, reduce underwriting cycle times by 50%, and cut operational costs by as much as 30-50%.2 Moreover, AI-driven automation has been shown to improve borrower experience through faster approvals and personalized service, factors critical to competitive positioning in today’s market.3

    reAlpha’s AI Loan Officer Assistant will continue to evolve, expanding to handle more complex mortgage scenarios. The company’s technology roadmap includes the rollout of additional features aimed at further improving loan processing speed, accuracy, and scalability as market demands grow.

    ________________________________
    1 These early operational results are based on preliminary internal testing with a limited sample size and have not been independently verified.
    2https://www.scnsoft.com/lending/mortgage/artificial-intelligence
    3https://riverjournalonline.com/around-town/real-estate/how-ai-will-shape-the-mortgage-industry-in-2025/199032/

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release, including early operational results relating to the AI Loan Officer Assistant, includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by Be My Neighbor’s Chief Executive Officer, Jamie Cavanaugh, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any 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.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    media@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    The MIL Network

  • MIL-OSI USA: Hoeven Outlines Permanent Tax Relief for American Families, Workers & Small Businesses

    US Senate News:

    Source: United States Senator for North Dakota John Hoeven
    07.02.25
    One Big Beautiful Bill Preserves & Expands Tax Breaks for Low- and Middle-Income Households, Empowers Small Businesses, Farmers & Ranchers to Invest in Their Operations
    BISMARCK, N.D. – Senator John Hoeven today held a press conference with local business leaders and community members to discuss the benefits of the One Big Beautiful Bill (OBBB) to families and small businesses in North Dakota. Hoeven stressed the legislation maintains and expands tax benefits for low- and middle-income households, reduces the tax burden on workers and boosts the U.S. economy. Combined, the bill’s provisions:
    Preserve $4 trillion in tax relief.
    Will increase take-home pay by up to $10,900 in the first four years for the typical family, resulting from economic growth and tax relief.
    For Families and Individuals:
    Permanently extends current individual tax rates and bracket changes of the Tax Cuts and Jobs Act.
    This includes maintaining the increased standard deduction, which benefits, and helps simplify income taxes for, the vast majority of taxpayers.

    Eliminates taxes on tips and overtime for millions of American workers.
    Supports families by increasing and making permanent the enhanced child tax credit at $2,200, with $1,700 of that amount being refundable, adjusted for inflation.
    Provides permanent relief from the death tax by setting the exemption to $15 million or $30 million for those married filing jointly, adjusted for inflation.
    Establishes savings accounts for newborns to help build financial security.
    Creates a new $6,000 tax deduction for millions of low- and middle-income seniors.
    Combined with other deductions, this will result in the average beneficiary paying zero taxes on Social Security.

    For Small Businesses:
    Permanently extending the Section 199A pass-through deduction for small businesses, farmers and ranchers, including the Section 199A(g) deduction used by agricultural cooperatives.
    Increasing the Section 179 expensing to $2.5 million and increasing the phaseout for qualified property at $4 million.
    Establishing a 100 percent accelerated depreciation for new industrial and manufacturing facilities that begin construction between 2025-2028.
    Making permanent the 30 percent interest expense allowance.
    Permanently extending the 100 percent research and development deduction.
    Making permanent 100 percent bonus depreciation.
    “At its core, the tax provisions in the One Big Beautiful Bill are about allowing American workers and small businesses to keep more of their hard-earned money,” said Hoeven. “We worked to ensure this legislation provides trillions in tax relief for everyday Americans on a permanent basis. This includes preserving a higher standard deduction, expanding benefits for families with children and eliminating taxes on tips, overtime and Social Security for millions of workers and seniors, respectively. This will not only increase the quality of life for households throughout our country, but it will strengthen our economy by enabling businesses to invest in their operations, recoup their costs and create good-paying jobs across sectors.”

    MIL OSI USA News

  • MIL-OSI USA: Ernst Secures a Win for Iowa Farm Families

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    Published: July 2, 2025
    Ernst-led provision eliminates FAFSA restrictions that limit opportunities for farm kids to attend college.
    WASHINGTON – U.S. Senator Joni Ernst’s (R-Iowa) bipartisan Family Farm and Small Business Exemption Act that keeps higher education accessible for Iowa farm families has passed the Senate as part of the One Big Beautiful Bill.
    The bill reverses changes to the Free Application for Federal Student Aid (FAFSA) process that could reduce or even eliminate access to need-based aid for students of farm families and small business owners. It restores the original guidelines that exempt all farmland, machinery, other operational materials, and small businesses with fewer than 100 employees from being declared on the FAFSA form.
    “After the Biden administration botched the FAFSA rollout at the expense of farm families, I am proud to right that wrong and ensure unfair policies don’t hold Iowans back from investing in their child’s education,” Ernst said. “Reopening pathways to financial aid for rural students in need is yet another way the One Big Beautiful Bill takes a stand for Iowans and ensures the next generation of students will have the opportunity to pursue higher education.”
    Background:
    In the wake of the Biden administration’s botched FAFSA rollout, Ernst consistently stood up for Iowa families to ensure they aren’t left behind when it comes to college aid opportunities. She helped pass the FAFSA Deadline Act into law to give families the certainty they deserve, conducted critical oversight, demanded answers on behalf of agricultural communities, and worked to get input directly from impacted Iowans.

    MIL OSI USA News

  • PM Modi receives Ghana’s highest state honour, “Officer of the Order of the Star of Ghana”

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Wednesday was conferred with Ghana’s national honour, the Officer of the Order of the Star of Ghana, by President John Dramani Mahama, in recognition of his distinguished statesmanship and influential global leadership, the Ministry of External Affairs said in an official statement.

    Accepting the award on behalf of 1.4 billion Indians, the Prime Minister dedicated the honour to the aspirations of India’s youth, its cultural traditions and diversity, and the historical ties between Ghana and India.

    PM Modi thanked the people and government of Ghana for this special gesture.

    Noting that the shared democratic values and traditions of the two countries would continue to strengthen their partnership, the Prime Minister said the award further deepens the friendship between India and Ghana and places a new responsibility on him to advance bilateral ties. He expressed confidence that his historic State Visit would give fresh momentum to the partnership, the MEA statement added.

    Earlier, Prime Minister Modi announced that India would establish a Skill Development Centre to train youth and support Ghana’s ‘Feed Ghana’ programme, as part of a broader plan to strengthen ties between the two countries.

    During a joint press briefing with President Mahama, Modi said India would expand cooperation with Ghana in key sectors including agriculture, education, defence, healthcare and digital payments.

    “Today, we have decided to double the ITEC and ICCR scholarships for Ghana. Work will be done to establish a Skill Development Centre for the vocational education of youth,” Modi said.

    “In the agricultural sector, we would be happy to cooperate with President Mahama’s ‘Feed Ghana’ programme. Through Jan Aushadhi Kendra, India proposes to provide affordable and reliable healthcare to the citizens of Ghana. We also discussed cooperation in vaccine production,” he added.

    The Prime Minister said India plans to double trade with Ghana within the next five years and share its digital payments system, Bharat UPI, to boost financial connectivity.

    President Mahama welcomed Prime Minister Modi and said the visit reflected the longstanding friendship between the two countries.

    “This visit is a testament to the deep-rooted historical ties between Ghana and India, founded on the visionary leadership of Ghana’s first President, Dr. Kwame Nkrumah, and India’s former Prime Minister, Pandit Jawaharlal Nehru, as well as the ever-growing bonds of friendship and cooperation that exist between our two sisterly countries for the mutual benefit of our people,” Mahama said.

    This is the first visit by an Indian Prime Minister to Ghana in over 30 years. The trip is expected to deepen the India-Ghana partnership and signal New Delhi’s continued engagement with Africa and the Global South.

    (ANI)

     

  • MIL-OSI Russia: Beijing launches city alliance to strengthen global digital economy ties

    Translation. Region: Russian Federal

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

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

    BEIJING, July 2 (Xinhua) — A global alliance involving more than 40 cities was formally launched in Beijing on Wednesday as part of efforts to expand multilateral cooperation on the digital economy.

    The Global Alliance of Digital Economy Cities was launched by Beijing together with partner cities from Europe, North America, Asia-Pacific, the Middle East and Latin America at the 2025 Global Conference on the Digital Economy, which opened on the same day.

    The Alliance aims to institutionalise multilateral cooperation beyond bilateral projects and will focus on key areas such as digital infrastructure, governance of cross-border data flows, the ethics of artificial intelligence and the application of smart cities.

    Earlier in 2023, Beijing launched the Digital Economy Partnership City Cooperation Initiative, and in 2024, the Chinese capital and partner cities adopted six action plans to implement the initiative. The current alliance was created with the support of international organizations including the United Nations Institute for Training and Research, the International Telecommunication Union, and the International Trade Centre.

    The 2025 Global Conference on Digital Economy will run until July 5, featuring an opening ceremony, six key forums, and a series of thematic sessions, with more than 1,000 participants. The event is jointly organized by the Beijing Municipal People’s Government, the National Internet Information Office of China, the National Data Administration of China, the Xinhua News Agency, and the United Nations Development Programme. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: The internal problems of the American economy cannot be treated from the outside – Chinese Ambassador to Russia Zhang Hanhui

    Translation. Region: Russian Federal

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

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

    Moscow, July 2 /Xinhua/ – The US government accuses China of its economy being overly dependent on exports. Under the pretext of “rebalancing,” the US is introducing unilateral tariffs, forcing the world to pay for the structural problems of the US economy. This was stated by Chinese Ambassador to Russia Zhang Hanhui in an opinion piece for AiF.ru, published on Wednesday.

    “The US demands that China import more US goods, interprets the trade deficit with other countries as ‘all countries in the world are benefiting from America’, and under the pretext of ‘rebalancing’ imposes unilateral tariffs and applies protectionism, forcing China and the world to pay for the long-standing structural problems of the US economy,” writes Zhang Hanhui. “In fact, it is the US economy itself that needs ‘rebalancing’. The US’s attempts to cure internal diseases from the outside and its economic bullying are the main source of chaos leading to global imbalances.”

    According to the Chinese diplomat, the US government has recently been promoting a series of false narratives about “rebalancing the Chinese economy,” “rebalancing trade,” and “rebalancing the global economy.” In fact, China’s investment- and export-driven development model has undergone fundamental changes. A new architecture of economic growth driven by domestic demand and innovation is emerging. China’s dependence on foreign trade has declined from over 60 percent at the beginning of the 21st century to just over 30 percent in 2024. China has been the world’s second-largest import market for 16 years now.

    The US accuses China of “unfair trade”. “This is brazen hypocrisy and double standards,” the article points out. It is the US that abuses export controls against China in high-tech areas. Even if there is an imbalance in Sino-American trade, “the reason is that the US does not want to sell, not that China does not want to buy.”

    “The US-initiated trade war and the ‘rebalancing’ narrative it promotes aim to shift the structural problems of the US economy onto others and hold back the transformation and qualitative improvement of China’s industry,” writes Zhang Hanhui.

    The US economic and financial hegemony is an important cause of the development imbalance, the Chinese ambassador said. The US uses economic coercion, deprives other countries of their right to develop through trade, technology and financial wars, abuses unilateral sanctions and keeps developing countries at the bottom of global value chains, deepening the gap between North and South and worsening the global development environment.

    “China calls on the United States to take an honest look at its own problems, rather than focusing on the so-called trade imbalances with other countries, to jointly and openly overcome global challenges, rather than arbitrarily wield the tariff cudgel, to abandon the arrogance of the “America First” position, and to conduct win-win cooperation based on mutual respect to achieve common development,” emphasized the article by Chinese Ambassador to Russia Zhang Hanhui. –0–

    MIL OSI Russia News

  • MIL-OSI United Kingdom: PM launches new era for NHS with easier care in neighbourhoods

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM launches new era for NHS with easier care in neighbourhoods

    The Prime Minister launches a new era for the NHS, bringing more easily accessible care closer to home.

    • Prime Minister launches government’s 10 Year Health Plan to bring the NHS closer to home
    • Neighbourhood Health Services to be rolled out across the country, bringing diagnostics, mental health, post-op, rehab, and nursing to people’s doorsteps
    • Neighbourhood health centres will house services under one roof, open at evenings and weekends
    • Plan for Change will rebuild the NHS to train thousands more family doctors, transform hospital outpatient appointments, and provide personalised care plans for complex needs

    Millions of patients will be treated and cared for closer to their home by new teams of health professionals, Prime Minister Keir Starmer will set out today, as the Government’s Plan for Change delivers a brand-new era for the NHS and delivers one of the most seismic shifts in care in the history of the health service.

    The launch of a Neighbourhood Health Service will see pioneering teams, some based entirely under one roof, set up in local communities across the country, to dramatically improve access to the NHS. As part of the Government’s aim to shift care out of hospitals and into the community, they will free up overstrained hospitals from perpetual firefighting so they can focus on delivering only the best, most cutting-edge, and personalised care.

    These neighbourhood health centres will provide easier, more convenient access to a full range of healthcare services right on people’s doorsteps – stopping them from having to make lengthy trip to hospitals. Neighbourhood teams will include staff like nurses, doctors, social care workers, pharmacists, health visitors, palliative care staff, and paramedics. Community health workers and volunteers will play a pivotal role in these teams, and local areas will be encouraged to trial innovative schemes like community outreach door-to-door – to detect early signs of illness and reduce pressure on GPs and A&E.

    Launching the government’s 10 Year Health Plan today, the Prime Minister will set out how moving care from hospitals to the community is one of the three key shifts required to tackle the inherited challenges and neglect of the NHS, make sure it is equipped to look after a modern society, and ensure people feel the change and improvements in healthcare that they voted for.

    Prime Minister Keir Starmer said:

    The NHS should be there for everyone, whenever they need it.

    But we inherited a health system in crisis, addicted to a sticking plaster approach, and unable to face up to the challenges we face now, let alone in the future.

    That ends now. Because it’s reform or die. Our 10 Year Health Plan will fundamentally rewire and future-proof our NHS so that it puts care on people’s doorsteps, harnesses game-changing tech and prevents illness in the first place.

    That means giving everyone access to GPs, nurses, and wider support all under one roof in their neighbourhood – rebalancing our health system so that it fits around patients’ lives, not the other way round.

    This is not an overnight fix, but our Plan for Change is already turning the tide on years of decline with over four million extra appointments, 1,900 more GPs and waiting lists at their lowest level for two years.

    But there’s more to come. This government is giving patients easier, quicker and more convenient care, wherever they live.

    The plan follows Lord Darzi’s diagnosis of the challenges facing the NHS last year where he assessed it was in a ‘critical condition’ as a result of deep rooted issues including low productivity, poor staff morale, a failure to keep up with new technology, rising waiting times, and a deterioration in the health of the nation.

    The PM will set out how the plan will deliver three key shifts to get the NHS back on its feet: hospital to community; analogue to digital; and sickness to prevention. Built around these three principles, the reforms within the plan will deliver the government’s promise to stop rising waiting lists, deliver more convenient care, and tackle inequalities across the country.

    New health centres will house the neighbourhood teams, which will eventually be open 12 hours a day, six days a week within local communities. They will not only bring historically hospital-based services into the community – diagnostics, post-operative care, and rehab – but will also offer services like debt advice, employment support and stop smoking or weight management, all of which will help tackle issues which we know affect people’s health.

    Health and Social Care Secretary Wes Streeting said:

    Our 10 Year Health Plan will turn the NHS on its head, delivering one of the most fundamental changes in the way we receive our healthcare in history.

    By shifting from hospital to community, we will finally bring down devastating hospital waiting lists and stop patients going from pillar to post to get treated.

    This Government’s Plan for Change is creating an NHS truly fit for the future, keeping patients healthy and out of hospital, with care closer to home and in the home.

    The status quo of ‘hospital by default’ will end, with a new preventative principle that care should happen as locally as it can: digital-by-default, in a patient’s home where possible, in a neighbourhood health centre when needed, in a hospital if necessary. This approach will make access to healthcare more convenient for patients and easier to fit around their day to day lives, rather than disrupting people’s work and personal lives.

    Thousands more GPs will be trained under the 10 Year Health Plan, as the Government lays the groundwork to bring back the family doctor, end the 8am scramble and make it easier to see your GP when you need to instead of having to turn to A&E.

    The government inherited an analogue NHS, reliant on paper and fax machines and out of step with modern technology. The government’s plan will bring it into the digital age, making sure staff benefit from the advantages and efficiencies available from new technology. This includes rolling out groundbreaking new tools over the next two years to support GPs. AI scribes will end the need for clinical notetaking, letter drafting, and manual data entry to free up clinicians’ time to focus on treating patients. Saving just 90 seconds on each GP appointment can save the same time as adding 2,000 more doctors into general practice.

    The Government will also use digital telephony so all phone calls to GP practices are answered quickly. For those who need it, they will get a digital or telephone consultation the same day they request it.

    As it stands, some practices are struggling to keep up with an ageing population and 21st century health needs. New contracts will be introduced which encourage and allow practices to cover a wider geographical area. It means smaller practices in the catchment area will get more support to ensure the right access is in place so that everyone can access their GP when they need to.

    Sir James Mackey, Chief Executive, NHS England said:

    The Neighbourhood Health Service is a huge opportunity for us to transform how we deliver care over the next decade – starting right on people’s doorsteps.

    By bringing together a full range of clinicians as one team, we can deliver care that’s more accessible, convenient and better for patients, as well as reducing pressures on hospitals.

    The plan will also deliver on the government’s promise to tackle the current lottery of access to dentists. Dental care professionals will work as part of neighbourhood teams, where Dental therapists could undertake check-ups, treatment, and referrals, while dental nurses could give education and advice to parents or work with schools and community groups. The work therapists cannot do would be safely directed to dentists.

    Under the plan, it will also be a requirement for newly qualified dentists to practice in the NHS for a minimum period, intended to be 3 years.

    Following the government’s work already to roll out supervised toothbrushing for kids, the plan will also improve access to dental care for children, making better use of the wider dental workforce, especially dental therapists, including through a new approach to upskilling professionals to work at the top of their clinical potential beginning in 2026 to 2027. This includes proposals to allow dental nurses to administer fluoride varnish for children in between check-ups, and the greater use of fissure sealants for children – covering back teeth with thin plastic coating to keep germs and food particles out the grooves.

    Matthew Taylor, Chief Executive of the NHS Confederation, said:

    This is a vital step towards a more preventative, community-based NHS. Bringing care closer to people’s homes through blended neighbourhood health teams recognises the complex and interconnected challenges many patients face, and it is the right direction for both improving outcomes and alleviating pressure on hospitals.   

    In many areas of the country, general practices working at scale through primary care networks and GP Federations, are already partnering alongside other organisations to deliver joined up care. It will be important to build on these positive successes.  

    Delivering on this ambition will require sustained investment in digital and estates, support for the NHS’s workforce, and a commitment to decentralise national control by empowering local leaders to do what is best for their populations. On behalf of our members, we are eager to work with the government to help turn this bold vision into lasting change.

    With the 10 Year Health plan the majority of outpatient care will happen outside of hospitals by 2035, by transforming care in the community. New digital tools will allow GPs to refer patients quicker, and a wider range of services available on people’s doorsteps will mean less need to attend appointments in hospital for ophthalmology, cardiology, respiratory medicine, and mental health.

    As a result of this shift to community, hospitals will be able to focus on patients who need hospital care, and get them seen on time again.

    The government’s Plan for Change is already delivering action to cut waiting lists and fix the foundations of the NHS. Waiting lists are at their lowest level in two years, including the first drop in April for 17 years. An extra 4.2million appointments have been delivered since July – over double the government’s target. 10 new surgical hubs have opened since January, and 1,900 more GPs have been recruited since October.

    ENDS

    Further details:

    • Where neighbourhood health teams have been trialled in England, they have significantly reduced hospital use. In Derby, integrated teams led to 2,300 fewer Category 3 ambulance callouts and 1,400 fewer short hospital stays among the over 65 population within a year.
    • The Institute For Public Policy Research has already called for a neighbourhood NHS – arguing a strong primary care sector has been shown to deliver better health outcomes, fewer hospital and emergency department trips, and more efficient healthcare spending.
    • As well as improving access to care for patients, The move to more care in the community will put the NHS back on the path to long-term financial sustainability. A recent study found that £100 spent on community care could achieve, on average, £131 in hospital savings.
    • Care plans are vital to seamless care within the community, but only 20% of people with a long-term condition have one. Through the 10 Year Health Plan, the Government will set a new standard that, by 2027, 95% of people with complex needs have an agreed personal care plan. All care plans should be co-created with patients. This means neighbourhood teams can tailor care for specific patients, working with them and their loved ones to proactively manage their conditions instead of simply reacting and treating emerging issues as is the case under the current system. This is especially important for people with complex needs who are likely to be managing multiple conditions.
    • Unpaid carers will be actively involved in care planning, with family, friends and carers agreeing decisions about care together where appropriate.

    STAKEHOLDER REACTION

    Caroline Abrahams, Charity Director at Age UK said.  

    A Neighbourhood Health Service is at the heart of the NHS 10 Year Plan and it could be a game-changer for our older population if we get it right.

    For far too long healthcare in the community has been fragmented and hard to access and navigate for older people, so crucial opportunities to nip their emerging health problems in the bud get missed.

    At Age UK we aspire to an NHS that proactively supports older people to stay as well as is possible for as long as possible, and if delivered well the Neighbourhood Health Service really could help achieve it.

    Daniel Elkeles, Chief Executive of NHS Providers, said: 

    This plan brings together three key ingredients for success. It provides a renewed focus on what good care will look like for people who depend on the NHS most by investing in GP and new neighbourhood services. 

    It’s a win for patients who will be better informed and empowered to direct their care as never before. 

    And it makes the NHS simpler, ensuring quicker decisions and innovations get to frontline services faster. 

    This is a recipe that offers the prospect of progress where previous plans have faltered. 

    That is a great starting point and all NHS providers will be keen to seize this opportunity to build a better health service that staff, patients and the public are once again proud of.

    Jacob Lant, Chief Executive of National Voices said: 

    The message in today’s plan is clear, for the NHS to thrive services must start to organise themselves around how people and communities actually live their lives.   

    Whether it be through shifting services out of hospitals, making innovative and inclusive use of tech or simply doubling down on getting the basics right, like communicating better with patients, this drive towards user-centred care offers hope for a more efficient and sustainable health service that focuses on patient need and outcomes.   > To ensure no communities are left behind, it is vital that Neighbourhood Health Services look to develop this new offer in partnership with the voluntary sector and the full diversity of citizens that make up the communities they serve.

    Gemma Peters, Chief Executive at Macmillan Cancer Support, said:

    This vision to bring care closer to home is what both the public and the NHS need. 

    3.5 million people are living with cancer today, rising to 4 million by 2030. Without radical change, the NHS cannot meet this growing demand, or ensure that – whoever you are, wherever you live – you can access the care, support and treatment you need when you need it.

    We welcome the Government’s recognition that we now need to mobilise every part of the NHS, communities and the voluntary sector to make sure this Plan succeeds.

    Macmillan is ready to play our part in delivering this vision and the forthcoming National Cancer Plan to ensure everyone has the world class healthcare they deserve.

    Rachel Power, Chief Executive, the Patients Association said:

    We welcome this ambitious transformation set out in the 10 Year Health Plan that delivers on what we called for: integrated, accessible care that is centred on patients’ real lives. Having new neighbourhood health centres open 12 hours a day, six days a week with multidisciplinary teams and clinical and support services under one roof addresses the reality that health challenges don’t exist in isolation.  

    We’re pleased to see the commitment to training thousands more GPs and look forward to a sustainable workforce strategy to support the delivery of these expanded services, along with clarity on how quickly these centres will be rolled out. We remain committed to ensuring genuine patient partnership underpins the design and delivery of these services, so they truly reflect what patients need in their local communities.

    Dr Jeanette Dickson, Chair of the Academy of Medical Royal Colleges said:

    The ambition, scale and innovative approaches set out in the 10 Year Health Plan can only be applauded. It promises a lot and properly implemented, offers an opportunity to revolutionise healthcare.

    It’s clearly not just about getting the NHS back on track, but designing a new healthcare system that’s fit for the challenges of today and tomorrow and one that can work for patients, staff and taxpayers alike. The sheer breadth and scale of what’s been set out will take time to fully digest, but the medical royal colleges are keen and ready to help implement the necessary changes to make this bold vision a reality.

    Katharine Jenner, Director, Obesity Health Alliance said:

    This is a positive step towards the healthier future people want. Obesity is a chronic, relapsing condition that needs long-term support. Crucially, as the Government now rightly recognises, we must also shift to preventing ill health before it starts.

    After years of broken promises, delays and weak voluntary measures, this government must implement their Plan for Change in full this Parliament. Only then we can start to transform our food system – from one that fuels poor health to one that supports good health.

    Real progress means taking mandatory action to tackle the relentless marketing and promotion of unhealthy food, improving access to nutritious options, and making healthy food affordable for everyone, right from the start of life.

    Ravi Gurumurthy, CEO of Nesta, said:

    Nye Bevan’s original vision for the NHS placed prevention at its heart. This plan takes important steps toward realising that ambition. The introduction of a new healthy food standard, alongside ending the sale of cigarettes, are serious interventions that could substantially reduce cases of cancer, heart disease, diabetes and other diseases and narrow health inequalities.

    The shift to a neighbourhood health service has the potential to deliver better care within communities and reduce avoidable hospital admissions.

     Matthew Reed, Chief Executive of Marie Curie, said: 

    We are pleased to see the Government place the needs of patients at the centre of their Plan to reform the NHS, make clear commitments that will help fix the current crisis in palliative and end of life care for local communities, and set out a clear roadmap for creating an NHS that is fit for the future. 

    We look forward to working with them to ensure that additional NHS funding announced in the Spending Review transforms care in the community for people with a terminal illness.

    Dr Charmaine Griffiths, Chief Executive at the British Heart Foundation (BHF), said:

    You can’t upgrade the nation’s health without tackling cardiovascular disease, one of the UK’s biggest killers.

    Today’s ambitious plan lays the foundation for how we can stop more lives lost too soon to heart disease, prevent more heart attacks and strokes, and help more people live with healthier hearts for longer.

    Henry Gregg, Chief Executive of the National Pharmacy Association said:

    The 10,000 NHS pharmacies in England are right in the heart of their communities on high streets, in health centres, close to people’s doorsteps, providing health care and advice to millions every week.

    Pharmacies want to be able to offer better, more joined up care for their communities so they share the Government’s ambition to bring care closer to people.

    It’s important that pharmacies, who already do this work day in day out, are placed at the heart of these plans.

    Investing in pharmacies can create a future where people can drop in for treatment, check ups, medicine reviews, and advice.

    Pharmacies want to work with GPs, social workers and colleagues across the health service to provide better health care, nearer to people’s homes and take pressure off the NHS.

    Janet Morrison, Chief Executive of Community Pharmacy England, said:

    The Government’s plan aligns well with the value that pharmacies can bring and will begin to harness the sector’s potential for the benefit of patients, communities and the wider NHS. Research shows that the public already supports playing community pharmacies playing a bigger role in healthcare services, and the sector has a unique ability to break down barriers to care coupled with an astonishingly strong record on efficiency. 

    But before this plan can become a reality, first the Government must deliver on its commitment to build the sustainable funding model that community pharmacy so desperately needs. The millions of people relying on them every day don’t want to lose their local pharmacies to financial collapse, which is something the Government should carefully consider as it seeks to implement its plan.

    This plan is not the end of the road; it’s just the beginning.

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Kingdom of the Netherlands – Curaçao: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    July 2, 2025

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

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

    Washington, DC.

    Curaçao’s economic activity expanded by 5 percent in 2024, as strong tourism performance trickled into the wider economy. Stayover arrivals, growing at double digits, continued to outperform Caribbean peers and carried over to other sectors, including whole trade, real estate, and construction. Mostly related to holiday homes and hotels, construction was further fueled by strong mortgage growth and complemented by a resumption of public investments under the Road Maintenance Plan. Average headline inflation declined to 2.6 percent in 2024 from 3.5 percent in 2023, in line with global oil prices and lower US inflation. Real wages increased for the first time in five years but job creation continued to be dominated by informal construction and tourism-related sectors while formal employment declined. The primary surplus continued its upward trajectory on the back of increased tax collection on goods and services. The current account deficit widened due to higher merchandise imports, mainly related to construction activity.

    The government is pursuing an ambitious agenda to steer a now tourism-led economy, amidst heightened global uncertainty. Mindful of tourism saturation and a decoupling of local living standards, the authorities strive to improve social conditions while generating sustainable and green growth amid safeguarding solid public finances. The near doubling of the tourism footprint within five years brought profound structural shifts to Curaçao’s economy, including the decline in manufacturing and rise in services, lower overall wages, higher informality, and greater reliance on – more regressive – indirect taxation. Policy responses need to shift accordingly. Priorities are rightly focused on upgrading tourist experiences and diversification, improving skills and labor market conditions, and reforming the tax system in an equitable way while addressing social spending pressures. The administration has delivered on a first round of targeted, one-off pension increases this year, continued reforms to contain health costs, expanded investment in education infrastructure, and came closer to its renewables target with the opening of the latest wind park in 2024. The landspakket, a structural reform package agreed with the Netherlands in 2020, continues to guide structural reforms.

    Outlook and Risks

    Growth is projected to moderate to 4 percent in 2025, balancing domestic impulses and heightened global uncertainty, before gradually converging to 2 percent over the medium term. Further expansion of stayover tourism and construction activity will continue to support growth in 2025, along with fiscal expansion driven by higher public investments. Potential negative effects of slowing global demand and heightened uncertainty would dampen tourism flows towards the end of 2025 and 2026. Growth is expected to moderate to 2 percent over the medium term, given saturation in tourism and slower global demand, while public capital spending would be carried forward, including in road infrastructure and the energy value chain. Headline inflation is projected to stabilize at 2.5 percent in 2025, subject to oil price-related uncertainty. Fiscal accounts would remain in surplus, fully compliant with the fiscal rule, allowing the government to partially settle a large bullet loan in 2025 with own liquid reserves, thereby accelerating the impressive downward trajectory of debt. The current account deficit would decline in the medium term but remain elevated.

    Risks to the outlook are tilted to the downside. External risks include trade policy and investment shocks, which could induce higher inflation and lower external demand, adversely impacting tourism arrivals. Domestic upside risks include faster-than-expected advances in the green hydrogen value chain project and development of other energy sources. On the downside, lower-than-expected disbursements in public investments and delays in infrastructure improvements could set back the expected increase in potential growth from the expansion of hotel capacities. Continued high growth in mortgage credit fueling rising house prices could lead to financial sector as well as household balance sheet vulnerabilities. Buffers include access to favorable refinancing conditions on the Dutch capital market, subject to compliance with the fiscal rule, which grants the island substantial fiscal space, notably for capital and emergency spending.

    Tailoring Fiscal and Structural Policies to a Tourism-led Economy

    Safeguarding Medium-term Fiscal Sustainability

    Reaching the medium-term debt target and further sustaining growth will require weighing the need to boost investments and address social spending pressures while reforming the tax system in an equitable manner.  

    Advancing healthcare reforms is an urgent priority to restore the sector’s financial sustainability and limit medium-term fiscal risks. Annual deficits of the SVB healthcare fund amounted to around 5 percent of GDP over the past years, excluding central government transfers, with an additional 1 percent of GDP annual deficit by the Curaçao Medical Center. Transfers to the latter were recently increased to better cover operating costs and invest in new medical equipment, but the health system’s overall finances remain unsustainable. Curaçao’s health expenses, around 13 percent of GDP, stand out relative to regional peers and surpass the OECD average. Possible efficiency gains on the spending side would include additional volume and price measures for pharmaceuticals, re-evaluation of laboratory service tariffs, further expansion of primary care to contain hospital visits, and improvements in preventive care, with the latter likely to materialize over the longer horizon. Revenue reform options would include a broadening of the contributor base, e.g., via the inclusion of migrant workers, increasing co-payments for higher-income households, allowing for price differentiation for the privately insured, exploring options to charge for add-on services, with a possible secondary, private insurance market for these services, and expanding the potential in medical tourism. 

    The authorities’ plans to adjust pension benefits for lower-income households in a fiscally responsible manner are welcome and should be accompanied by widening the contribution base. Staff welcomes the intention to reassess benefit levels, given the pausing of indexation and a decline in real per capita benefits by 23 percent between 2016 and 2024. Applying inflation indexation to residents’ pensions only would allow for a broadly balanced budget of the old-age pension scheme (before central government transfers). Considerations to providing a supplement for low-income pensioners, which could cost around ½ percent of GDP per year, should be partially financed by broadening the contributor base. Legalizing predominantly young migrant workers and providing incentives for them and their employers to formalize (see below) would increase revenues by about 0.3 percent of GDP. Ensuring longer-term sustainability of social insurances would likely imply tapping general budget resources, which could be expanded with selected measures while avoiding earmarking (see below). Meanwhile, the current draft law to make second-pillar occupational pension plans mandatory would reduce reliance on old-age pensions and increase private savings, which would also help alleviate the sizable current account deficit.

    The authorities envisage the introduction of a VAT while continuing the modernization of the tax authority and improving revenue collection. Given Curaçao’s already significant tax burden and the recent expansion of direct taxation from a pre-pandemic average of 11 percent of GDP to 14 percent of GDP in 2024, plans to design the envisaged VAT reform in a revenue-neutral and equity-enhancing way are welcome. Expanding property taxation on second homes should be prioritized, as well as the purchase and implementation of digital infrastructure to modernize Curaçao’s tax system. Further considerations to introduce a tourism fee (by 2026), end tax holidays on import duties, and adjust permitting fees would lift revenues and contribute to compensating for potential pension increases.

    Further efforts are needed to boost investments and improve government service delivery. While capacity constraints were successfully addressed in the ramp-up of investments in 2024, including by hiring external project managers, capacity in planning and execution must be strengthened further to administer the needed investment increase of 2-3 percent of GDP in the coming years, including via a centralized investment planning unit. Implementing multi-year project budgeting and establishing a transparent procurement system will be critical to improve execution, ensure the efficient allocation of financing resources, and grant space to a gradual inclusion of adaptation investments against damage from sea level rise. Efforts to render health and pension spending as well as goods and services taxation more equitable hinge on improving means-testing and maintaining a state-of-the-art registry for lower-income households.  

    Labor Market Policies to Address Informality and Improve Education

    Informality could be addressed by strengthening incentives for formal work, improving enforcement and monitoring, and tightening eligibility criteria for receiving benefits. Decomposing changes in the formal workforce over the past decade, the strong decline in formal employment was mostly driven by a drop in registered jobs among men, especially in prime working age. Half of this decline cannot be explained by demographics, migration, or unemployment, and is likely attributed to the transition to informality. Tourism and construction sectors offer relatively more opportunities for informal work, making it harder to design the right incentives for formalization. Incentivizing formality, however, is crucial to maintaining government revenues and ensuring social protection for workers, and could be fostered by: facilitating access to education, increasing formal sector productivity, introducing more in-work benefits for workers with incomes between minimum and median wage, and stricter eligibility criteria for monthly assistance, along with strengthening enforcement and monitoring.

    Skill deterioration compounded by population aging is a key drag on long-term potential growth. The 2023 census showed that education levels of new entrants to the labor force are below the level of the pre-retirement cohort, and young employees tend to work in more precarious positions. Ongoing investments in education, in line with landspakket recommendations, including in schools’ physical as well as digital infrastructure, are very welcome. Recent initiatives to attract graduates back to the island, including with tax incentives, and an expedited labor permitting process for high-skill workers are important steps in the right direction. These could be complemented by vocational training to lift the overall skill level and reduce skill mismatches, in line with government’s proposed stimulation package with incentives for employer-led vocational education. Integrating migrants into the workforce would grant them perspectives to grow and invest in their skills.

    Fostering Competitiveness and Diversification

    Bracing for slower growth and mindful of market saturation and the global context, the authorities’ focus is rightly on tourism value added and diversification of source markets. Roads and transportation are among the key bottlenecks of the island, and more public investments are needed to improve the connectivity within the island for tourists to venture out. Public and private investments should also be directed to maritime infrastructure to attract more yacht tourists and move up the tourism value chain. Increasing the number of taxi licenses is welcome and will improve tourist experiences through better mobility. Efforts to tap markets in South America have proven successful, and new flight routes opened from Brazil, Argentina, and Colombia, countries with a large consumer base and rising purchasing power.

    Fostering non-tourism sectors in areas of competitive advantage would help build resilience against global shocks and attract additional investments. Building on recent successful reforms to expedite business permits and promote digitalization, more progress is needed to achieve the authorities’ goals as outlined in the National Export Strategy. Curaçao’s connection to a new submarine cable throughout the Caribbean and Miami from 2027 onwards could help expand the island’s data center industry – conditional on sufficient absorption capacity of the electricity grid and a moderation in electricity prices, which remain among the highest in the region. Planned investments in the grid by Aqualectra would be supported by funding from the Netherlands and provide the basis for lifting renewables electricity production to 70 percent by 2027 from around 50 percent currently. The envisaged floating offshore wind park of 3-10 GW would help cover Curaçao’s entire electricity demand and create new export opportunities, in addition to exploratory investments in other energy sources.

    In the presence of global uncertainty, diversification of trade as well as regional integration are key for mitigating Curaçao’s exposure to external shocks. Curaçao’s imports remain concentrated on advanced markets, providing ample room to expand goods imports from neighboring countries, such as Brazil and Colombia. As a new associate CARICOM member and acknowledging limitation of independent trade policy given Kingdom laws, Curaçao should continue strengthening regional cooperation and trade integration with neighboring states.

    The authorities’ commitment to lower corruption vulnerabilities are welcome. The online gaming law has been approved by parliament in end-2024, an important step towards meeting the landspakket’s rule of law target. Curaçao’s recent accession to the UN Convention Against Corruption and delisting from the EU grey list of non-cooperative jurisdictions, following key legal updates in 2024, is another step in the right direction and opens doors for further international cooperation and bilateral tax treaties, as pursued by the authorities. The mutual evaluations of the AML/CFT frameworks for both Curaçao and Sint Maarten are underway, with results expected to be published in mid-July 2025.

    The Monetary Union of Curaçao and Sint Maarten

    The external balance of the Union is expected to improve, following a mild deterioration in 2024. The Union’s current account deficit widened to around 17 percent of GDP in 2024 driven by higher imports, mainly related to construction on Curaçao, and despite strong growth in tourism receipts. Going forward, stronger travel receipts, moderation in construction-related imports, and an increase in renewables would support a contraction of the Union’s current account deficit towards 10 percent of GDP in the medium term. The deficit will continue to be financed by private investment inflows and decumulation of assets abroad. The stock of international reserves would remain broadly stable and adequate over the medium term. Given still sizable deficits and a sustained real effective exchange rate appreciation, staff’s preliminary assessment suggests that the external position in 2024 was weaker than the level implied by fundamentals and desirable policies in Curaçao and broadly in line in Sint Maarten, albeit subject to high uncertainty given persistent measurement biases. The assessment for the Union is the same as for Curaçao due to its larger size and current account deficits.

    The monetary policy stance is appropriate and continues to support the peg. Following developments in the US, the CBCS cut its benchmark pledging rate by a cumulative 100 basis points in September and November 2024 to 4.75 percent, and has kept it unchanged since then, in line with the pegged exchange rate regime. Transmission to banking sector interest rates continues to be weak, as deposit rates stayed broadly constant throughout the recent tightening and easing cycles, with a mild uptick in late 2023 driven by time deposits, and Union lending rates declined between 2018 and end 2024. Excess liquidity is the key impediment to the transmission, further exacerbated by the absence of interbank and government securities markets.

    With lending rates declining, credit growth has accelerated, entirely driven by mortgages in Curaçao. Mortgage credit in the union, the second highest in the Caribbean, has been growing by double digits in real terms post pandemic, while real overall credit growth has been negative. Driven by Curaçao, mortgages are expected to remain on an upward trajectory, including financing for the construction of second homes and vacation rental apartments. In Sint Maarten, on the contrary, mortgage credit growth turned negative in 2024, possibly reflecting delays in construction projects and cross-border financing on the French side. With the islands’ financial sectors predominantly financing tourism-related activities, credit to non-tourism sectors is declining in real terms.

    The financial sector is broadly sound and systemic risks are contained, but mortgage growth needs to be monitored closely while a macroprudential toolkit is further developed. Banks are well capitalized, among the highest in the region, but both NPLs and provisioning remain weaker than the CBCS early warning signal – and with respect to peers. Liquidity is abundant and has further increased, but the Union’s banks are somewhat less profitable than the Caribbean median and concentration remains high. Closely monitoring mortgage growth to detect overheating in the real estate sector and possible vulnerabilities in household balance sheets should become a priority, in particular given continued data gaps. Overcoming these gaps and further developing a macroprudential toolkit towards the introduction of CCyBs, and thresholds for the loan-to-value and debt-service-to-income ratios are warranted to detect vulnerabilities and ensure timely response to potential shocks. Caps on mortgage credit growth or mortgage loan exposure could be applied should the positive mortgage credit gap widen further.

    The IMF mission would like to thank the authorities for their cooperation and the candid and constructive discussions that took place during June 18-25.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Reah Sy

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

    https://www.imf.org/en/News/Articles/2025/07/02/07022025-curacao-staff-concluding-statement-of-the-2025-article-iv

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI New Zealand: Market sounding on toll road concessions to begin

    Source: New Zealand Government

    Market soundings with international and local toll road investors, operators and financiers will begin next week as the next step in exploring how toll concessions could help fund, build and operate important road infrastructure, Infrastructure and Transport Minister Chris Bishop says. 
    “The Government is focused on improving high-quality road infrastructure to boost economic growth and ensure people and freight can travel efficiently and safely. To accelerate the delivery of vital transport projects, we’re looking into alternative funding and financing methods, including the use of toll concessions.
    “New Zealand currently has three toll roads in operation in Auckland and Tauranga, with three more in various stages of construction or planning. The Government has also set expectations in the Government Policy Statement on Land Transport 2024 that other roads are considered for tolling in future, including all future Roads of National Significance. 
    “Although existing toll roads are currently managed by the NZ Transport Agency, the Government is, for the first time, considering private sector involvement in the operation of toll roads. This includes the potential use of toll concessions as part of a broader approach to infrastructure delivery.
    “A toll concession involves a private entity—known as a concessionaire—being given the right to manage and maintain a toll road for a specified time. During this period, they collect toll revenue to recover costs and earn a return. In exchange, the Government receives an upfront capital payment which can be used to fund additional road projects and potentially deliver them years earlier than would otherwise be feasible.
    “Concessions may apply to existing toll roads to operate and maintain a road, or be integrated into the development of new roading infrastructure. In the latter case, a private partner could be contracted to design, construct, operate, and maintain the road, and recoup operations and maintenance costs through toll collection.
    “There are several advantages to toll concessions: they can provide immediate capital that can be used to deliver more infrastructure projects sooner, draw on private sector expertise and innovation in areas like construction and tolling technology, and can help government to share and manage risks more efficiently.
    “It is important to note that the Crown continues to own the toll road under a concession arrangement. The private operator manages the road for the duration of the concession, after which control reverts back to a government agency.
    “Next week, my officials will begin market sounding discussions with toll road investors, operators and financiers to test opportunities for private firms to operate and maintain toll roads through concessions. The officials will meet with a cross-section of market participants – from international toll road operators to domestic and international investors and iwi – to get a range of perspectives on the opportunities available. If work on concessions is taken forward, there will be wider opportunities to be involved in any transactions stage.
    “Market sounding discussions will give us deeper insight into whether toll road concessions are viable here, under what circumstances, and the different ways they could be structured and phased. 
    “The Government will test concession opportunities on:

    New Zealand’s existing three toll roads – the Northern Gateway in Auckland, and Takitimu Drive and Tauranga Eastern Link in Tauranga
    Three roads in development that Cabinet has confirmed will be tolled – Penlink, Takitimu North Link, and Ōtaki to North of Levin
    All future Roads of National Significance

    “Officials will also seek to understand the extent to which concessions could support private investment and involvement in delivering other future projects beyond the immediate RoNS programme, including an alternative Waitematā Harbour crossing, where the significant scale of such projects and investment needed means different delivery approaches may deliver greater value for New Zealanders. 
    “The Ministry of Transport has appointed global investment bank, Citi, as its financial and commercial advisor to support this market sounding process. 
    “Citi has extensive experience advising on toll road concessions overseas and we’re pleased to have access to their expertise, connections and insights to ensure we run a high calibre market sounding process.
    “The insights we get from the market sounding will inform my decisions about whether and how to take toll concessions forward, including which ones are viable and have value. I look forward to hearing what the market has to say,” Mr Bishop says. 
    The Government expects to make decisions on toll road concessions later this year. 
    Notes to editor:
    ·         Exploring toll concessions gives effect to the National-ACT coalition agreement to institute long-term city and regional infrastructure deals, allowing Public Private Partnerships (PPPs), tolling and value capture rating to fund infrastructure.
    ·         Market sounding discussions will start in the week of 7 July 2025, with discussions being held in Sydney, Wellington and Auckland until late July 2025. 
    ·         The market sounding process is being led by the Ministry of Transport and National Infrastructure Funding and Financing Limited (NIFFCo), with input from the NZ Transport Agency (NZTA) and Treasury. Global investment bank, Citi, is acting as the Ministry of Transport’s financial and commercial advisor for the market sounding process. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Market sounding on toll road concessions to begin

    Source: New Zealand Government

    Market soundings with international and local toll road investors, operators and financiers will begin next week as the next step in exploring how toll concessions could help fund, build and operate important road infrastructure, Infrastructure and Transport Minister Chris Bishop says. 
    “The Government is focused on improving high-quality road infrastructure to boost economic growth and ensure people and freight can travel efficiently and safely. To accelerate the delivery of vital transport projects, we’re looking into alternative funding and financing methods, including the use of toll concessions.
    “New Zealand currently has three toll roads in operation in Auckland and Tauranga, with three more in various stages of construction or planning. The Government has also set expectations in the Government Policy Statement on Land Transport 2024 that other roads are considered for tolling in future, including all future Roads of National Significance. 
    “Although existing toll roads are currently managed by the NZ Transport Agency, the Government is, for the first time, considering private sector involvement in the operation of toll roads. This includes the potential use of toll concessions as part of a broader approach to infrastructure delivery.
    “A toll concession involves a private entity—known as a concessionaire—being given the right to manage and maintain a toll road for a specified time. During this period, they collect toll revenue to recover costs and earn a return. In exchange, the Government receives an upfront capital payment which can be used to fund additional road projects and potentially deliver them years earlier than would otherwise be feasible.
    “Concessions may apply to existing toll roads to operate and maintain a road, or be integrated into the development of new roading infrastructure. In the latter case, a private partner could be contracted to design, construct, operate, and maintain the road, and recoup operations and maintenance costs through toll collection.
    “There are several advantages to toll concessions: they can provide immediate capital that can be used to deliver more infrastructure projects sooner, draw on private sector expertise and innovation in areas like construction and tolling technology, and can help government to share and manage risks more efficiently.
    “It is important to note that the Crown continues to own the toll road under a concession arrangement. The private operator manages the road for the duration of the concession, after which control reverts back to a government agency.
    “Next week, my officials will begin market sounding discussions with toll road investors, operators and financiers to test opportunities for private firms to operate and maintain toll roads through concessions. The officials will meet with a cross-section of market participants – from international toll road operators to domestic and international investors and iwi – to get a range of perspectives on the opportunities available. If work on concessions is taken forward, there will be wider opportunities to be involved in any transactions stage.
    “Market sounding discussions will give us deeper insight into whether toll road concessions are viable here, under what circumstances, and the different ways they could be structured and phased. 
    “The Government will test concession opportunities on:

    New Zealand’s existing three toll roads – the Northern Gateway in Auckland, and Takitimu Drive and Tauranga Eastern Link in Tauranga
    Three roads in development that Cabinet has confirmed will be tolled – Penlink, Takitimu North Link, and Ōtaki to North of Levin
    All future Roads of National Significance

    “Officials will also seek to understand the extent to which concessions could support private investment and involvement in delivering other future projects beyond the immediate RoNS programme, including an alternative Waitematā Harbour crossing, where the significant scale of such projects and investment needed means different delivery approaches may deliver greater value for New Zealanders. 
    “The Ministry of Transport has appointed global investment bank, Citi, as its financial and commercial advisor to support this market sounding process. 
    “Citi has extensive experience advising on toll road concessions overseas and we’re pleased to have access to their expertise, connections and insights to ensure we run a high calibre market sounding process.
    “The insights we get from the market sounding will inform my decisions about whether and how to take toll concessions forward, including which ones are viable and have value. I look forward to hearing what the market has to say,” Mr Bishop says. 
    The Government expects to make decisions on toll road concessions later this year. 
    Notes to editor:
    ·         Exploring toll concessions gives effect to the National-ACT coalition agreement to institute long-term city and regional infrastructure deals, allowing Public Private Partnerships (PPPs), tolling and value capture rating to fund infrastructure.
    ·         Market sounding discussions will start in the week of 7 July 2025, with discussions being held in Sydney, Wellington and Auckland until late July 2025. 
    ·         The market sounding process is being led by the Ministry of Transport and National Infrastructure Funding and Financing Limited (NIFFCo), with input from the NZ Transport Agency (NZTA) and Treasury. Global investment bank, Citi, is acting as the Ministry of Transport’s financial and commercial advisor for the market sounding process. 

    MIL OSI New Zealand News

  • MIL-OSI USA: PHILADELPHIA – Governor Shapiro Announces Major New Private Sector Investment to Expand Shipbuilding at Philadelphia Navy Yard

    Source: US State of Pennsylvania

    July 03, 2025Philadelphia, PA

    ADVISORY – PHILADELPHIA – Governor Shapiro Announces Major New Private Sector Investment to Expand Shipbuilding at Philadelphia Navy Yard

    Governor Josh Shapiro will join Rhoads Industries to announce a major new private sector investment in the company’s manufacturing operations at the Philadelphia Navy Yard.

    Governor Shapiro and his Administration have secured $25.2 billion in private sector investments over the last two years, growing Pennsylvania’s economy and creating nearly 11,000 jobs across the Commonwealth.

    WHO:
    Governor Josh Shapiro
    Dan Rhoads, CEO, Rhoads Industries
    Joe Welsh, Director of Government Affairs, Rhoads Industries
    Boots Olson, Apprentice, Rhoads Industries

    WHEN:
    Thursday, July 3, 2025, at 10:30 AM

    The press conference will begin around 11:00 AM.
    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom honors fallen California Highway Patrol Officer Miguel Cano

    Source: US State of California Governor

    Jul 2, 2025

    SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of California Highway Patrol Officer Miguel Cano:

    Officer Miguel Cano dedicated his life to serving our communities, and his passing is a heartbreaking loss for the state and the California Highway Patrol. Jennifer and I are deeply saddened by this tragedy and we extend our sincere condolences to Officer Cano’s wife, parents, loved ones, and the men and women of the CHP. Though early in his public safety career, Officer Cano already embodied the best of the Golden State with his courage, commitment, and a deep sense of duty. The state will never forget his service.”

     On July 2, just before 12:30 a.m., at Bristol Parkway near Green Valley Circle in Culver City, Officer Cano was involved in an on-duty crash after suffering a suspected medical emergency.  The circumstances are still under investigation. He was immediately transported to the UCLA Ronald Reagan Medical Center, where, despite the lifesaving efforts of emergency personnel, Officer Cano was ultimately pronounced deceased.

    Officer Cano, 34, graduated from the CHP academy in November 2023 and proudly served the West Los Angeles community and the people of California for a year and a half.  

    His wife and parents survive him.

     In honor of Officer Cano, flags at the State Capitol and Capitol Annex Swing Space will be flown at half-staff. This is the first line-of-duty loss for the CHP since 2020.  

    Recent news

    News What you need to know: Governor Newsom is more than doubling the state’s Film and Television Tax Credit Program, and adding 16 new television projects that will generate $1.1 billion in new economic activity. BURBANK – Today, Governor Gavin Newsom joined labor…

    News SACRAMENTO — Republicans spent the last 6 months fearmongering that gasoline prices would “increase by 65 cents on July 1.” Did that happen?The answer: NoIn fact, in California, gasoline prices at the pump (on average) are cheaper than yesterday, cheaper than it…

    News What you need to know: California is delivering on its promises – significant investments in public safety help ensure safety in communities statewide with lower crime rates in 2024. Sacramento, California – As the House of Representatives prepares to vote on…

    MIL OSI USA News

  • MIL-OSI Australia: Rate cuts bring relief as stress levels drop

    Source: Premier of Victoria

    • NAB Consumer Stress Index eased to a two-year low
    • Small cutbacks putting $4860 a year back in Aussies’ pockets

    Australians are starting to breathe a little easier, with consumer stress dropping to its lowest point in two years, thanks to easing cost-of-living pressures and growing hope around interest rates.

    NAB’s latest Consumer Sentiment Survey shows the stress index has dropped to 56.6, down from 59.6 in March, below the long-term average.

    NAB Executive Lucia La Bella says recent rate cuts are already making a difference in how people are feeling about their finances.

    And fewer Australians are seeing big jumps in mortgages, rent and transport.

    “We’re seeing a sense of optimism about the future and more confidence that there’s light at the end of the tunnel,” Ms La Bella said.

    “We’re seeing some relief already among mortgage holders with almost half saying they’re feeling the benefits of recent rate cuts.

    “With another RBA meeting just days away, many households are watching closely and planning their budgets.”

    Cost-of-living is still the main concern among Australians although it has now eased to its lowest level in three years.

    Households are continuing to tighten their belts, cutting back on things like eating out, entertainment and travel – saving an average of $4860 a year. But it’s not just about cutting back, people are shopping smarter too.

    One in three are switching to cheaper brands, one in four are doing their homework before buying, and one in ten are snapping up deals when they see them.

    “They’re showing resilience, making smart choices, and setting themselves up for a stronger financial future,” Ms La Bella said.

    With a new financial year here, it’s a good opportunity to start fresh with a new budget. Free tools like the NAB Budget Planner are a good place to start.

    Notes to editor:  

    • NAB’s measure of consumer stress is based on household stresses arising from their job security, health, ability to fund retirement, cost of living and the impact of Government policies.
    • NAB Economics forecasts three further 25bp cuts in 2025 taking the cash rate back to a broadly neutral rate of 3.1%.
    • The NAB Consumer Sentiment Survey uses data from 2,000 people

    ENDS 

    For further information:
    NAB Media: +61 (0) 3 7035 5015

    Customers, banking & finance

    SEE ALL TOPICS

    Media Enquiries

    For all media enquiries, please contact the NAB Media Line on 03 7035 5015

    MIL OSI News

  • MIL-OSI: The Herzfeld Caribbean Basin Fund, Inc. Announces Change of Name and NASDAQ Ticker Symbol

    Source: GlobeNewswire (MIL-OSI)

    MIAMI BEACH, Fla., July 02, 2025 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that it has changed the name of the Fund to “Herzfeld Credit Income Fund, Inc.” and that effective on or about July 7, the Fund will continue to trade on NASDAQ under the new ticker symbol “HERZ”.

    On June 17, 2025, the Fund’s Stockholders approved the Fund’s conversion from its prior investment strategy to focus on a “CLO Equity Strategy”. Under the new strategy, the Fund’s primary investment objective is a total return strategy with a secondary objective of generating high current income for stockholders. In accordance with the investment objective, the Fund will focus on investing in equity and junior debt tranches of collateralized loan obligations, or “CLOs”. CLOs are portfolios of collateralized loans consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.

    About Thomas J. Herzfeld Advisors, Inc.

    Thomas J. Herzfeld Advisors, Inc. (the “Advisor”), founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds.

    More information about the advisor can be found at www.herzfeld.com.

    Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.

    Forward-Looking Statements

    This press release, and other statements that the Advisor or the Fund may make, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or the Advisor’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. The Advisor and the Fund caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and the Advisor and the Fund assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following risk factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) portfolio fair value risk; (2potential conflicts of interest risk; (3) collateralized loan obligation risk; (4) covenant-lite loans risk; (5) subordinated securities risk; (7) high yield investment risk; (8default risk; (9) non-diversification risk; (10) leverage risk; (11) reliance on senior management personnel of the Adviser risk; (12) liquidity risk; (13) risks related to the Adviser’s incentive fee; (14) market risks; (15) inflation risk; (16) interest rate risk; (17) regulatory risk; (18) credit spread risk; (19) prepayment risk; (20) volatility risk; (21) equity risk; (22) foreign exchange rate risk; and (23) cybersecurity risk. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on the Advisor’s website at www.herzfeld.com/cuba, and may discuss these or other factors that affect the Fund. The information contained on the Advisor’s website is not a part of this press release.

    Contact:
    Thomas Morgan
    Chief Compliance Officer
    Herzfeld Credit Income Fund, Inc.
    1-305-777-1660

    The MIL Network

  • MIL-OSI: The Herzfeld Caribbean Basin Fund, Inc. Announces Change of Name and NASDAQ Ticker Symbol

    Source: GlobeNewswire (MIL-OSI)

    MIAMI BEACH, Fla., July 02, 2025 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that it has changed the name of the Fund to “Herzfeld Credit Income Fund, Inc.” and that effective on or about July 7, the Fund will continue to trade on NASDAQ under the new ticker symbol “HERZ”.

    On June 17, 2025, the Fund’s Stockholders approved the Fund’s conversion from its prior investment strategy to focus on a “CLO Equity Strategy”. Under the new strategy, the Fund’s primary investment objective is a total return strategy with a secondary objective of generating high current income for stockholders. In accordance with the investment objective, the Fund will focus on investing in equity and junior debt tranches of collateralized loan obligations, or “CLOs”. CLOs are portfolios of collateralized loans consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.

    About Thomas J. Herzfeld Advisors, Inc.

    Thomas J. Herzfeld Advisors, Inc. (the “Advisor”), founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds.

    More information about the advisor can be found at www.herzfeld.com.

    Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.

    Forward-Looking Statements

    This press release, and other statements that the Advisor or the Fund may make, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or the Advisor’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. The Advisor and the Fund caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and the Advisor and the Fund assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following risk factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) portfolio fair value risk; (2potential conflicts of interest risk; (3) collateralized loan obligation risk; (4) covenant-lite loans risk; (5) subordinated securities risk; (7) high yield investment risk; (8default risk; (9) non-diversification risk; (10) leverage risk; (11) reliance on senior management personnel of the Adviser risk; (12) liquidity risk; (13) risks related to the Adviser’s incentive fee; (14) market risks; (15) inflation risk; (16) interest rate risk; (17) regulatory risk; (18) credit spread risk; (19) prepayment risk; (20) volatility risk; (21) equity risk; (22) foreign exchange rate risk; and (23) cybersecurity risk. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on the Advisor’s website at www.herzfeld.com/cuba, and may discuss these or other factors that affect the Fund. The information contained on the Advisor’s website is not a part of this press release.

    Contact:
    Thomas Morgan
    Chief Compliance Officer
    Herzfeld Credit Income Fund, Inc.
    1-305-777-1660

    The MIL Network

  • MIL-OSI: FIND MINING Launches Revolutionary Cloud Mining Mobile App, Opening XRP Ecosystem Profits to Everyone

    Source: GlobeNewswire (MIL-OSI)

    San Mateo County, California, July 02, 2025 (GLOBE NEWSWIRE) — Leading cryptocurrency solutions innovator FIND MINING today announced the official launch of its groundbreaking cloud mining mobile application, enabling anyone with a smartphone to easily earn passive crypto income. This launch coincides with XRP’s latest surge past the $2.30 mark and its recent legal victory, which has ignited a fresh wave of enthusiasm across the global crypto market — highlighting the growing demand for accessible, flexible ways to earn XRP rewards.

    For years, cryptocurrency mining has remained a domain with high entry barriers, costly hardware, and complex technical requirements. FIND MINING aims to break down these walls by creating a mobile-first, universally accessible cloud mining platform. No expensive rigs or complicated setups are needed — just a few simple steps to start earning steady daily crypto income.

    A FIND MINING spokesperson commented:

    “As XRP continues to win important regulatory battles, we see more everyday people eager to safely and easily benefit from this ecosystem boom. FIND MINING was born for this purpose. Our mission is to make passive crypto income accessible to everyone, regardless of technical knowledge or financial means.”

    FIND MINING: Next-Generation XRP Cloud Mining Solution

    Headquartered in London and serving users worldwide, FIND MINING combines cutting-edge mining technology with unmatched ease of use, reaching diverse users from students to retirees with a secure, flexible passive income tool.

    FINDMINING provides retail investors with cloud computing contracts worth investing in as shown below

    Key Highlights of the FIND MINING App:

    • Quick Registration, Instant Reward:
      Users can sign up at findmining.com using just an email to instantly receive a $15 reward. Daily logins grant an additional $0.60, letting newcomers try it out with zero risk.
    • Flexible Contracts, Your Choice:
      Offers mining contracts from as short as 2 days to up to 60 days, with entry thresholds starting at just $100. Contract pricing adjusts transparently in real-time with global exchange rates.
    • Automatic Daily Payouts:
      Once activated, contracts run automatically with daily mining rewards settled directly to users’ accounts.
    • Multi-Currency Support:
      Users can deposit and withdraw with XRP, BTC, ETH, USDT, DOGE, SOL, LTC, BCH, USDC, and other major cryptocurrencies.
    • Military-Grade Security:
      Funds are secured end-to-end by McAfee, with Cloudflare protection against DDoS attacks — keeping your assets safe at all times.
    • Eco-Friendly Operations:
      Fully powered by 100% renewable energy, FIND MINING eliminates the high carbon footprint of traditional mining farms, balancing financial growth with sustainability.
    • 24/7 Global Support:
      A multilingual support team is available around the clock, serving over 9.4million users across 175+ countries.

    As XRP continues its path toward wider global legitimacy and renewed market confidence, FIND MINING aims to become the gateway for everyday people to participate in the XRP ecosystem and build digital wealth with ease.

    Visit findmining.com now, download the FIND MINING App, claim your free reward, and join the crypto wealth revolution designed for everyone!

    About FIND MINING
    Based in London and serving clients worldwide, FIND MINING is a leading provider of cloud mining and passive crypto income solutions. By combining innovative technology, unmatched ease of use, and top-tier security, FIND MINING empowers everyone to safely and simply grow their digital assets, advancing the global democratization of digital wealth.

    Official Emaill: info@findmining.com
    Official Website: findmining.com
    App Download: FINDMINING 

    Attachment

    The MIL Network

  • MIL-OSI: FIND MINING Launches Revolutionary Cloud Mining Mobile App, Opening XRP Ecosystem Profits to Everyone

    Source: GlobeNewswire (MIL-OSI)

    San Mateo County, California, July 02, 2025 (GLOBE NEWSWIRE) — Leading cryptocurrency solutions innovator FIND MINING today announced the official launch of its groundbreaking cloud mining mobile application, enabling anyone with a smartphone to easily earn passive crypto income. This launch coincides with XRP’s latest surge past the $2.30 mark and its recent legal victory, which has ignited a fresh wave of enthusiasm across the global crypto market — highlighting the growing demand for accessible, flexible ways to earn XRP rewards.

    For years, cryptocurrency mining has remained a domain with high entry barriers, costly hardware, and complex technical requirements. FIND MINING aims to break down these walls by creating a mobile-first, universally accessible cloud mining platform. No expensive rigs or complicated setups are needed — just a few simple steps to start earning steady daily crypto income.

    A FIND MINING spokesperson commented:

    “As XRP continues to win important regulatory battles, we see more everyday people eager to safely and easily benefit from this ecosystem boom. FIND MINING was born for this purpose. Our mission is to make passive crypto income accessible to everyone, regardless of technical knowledge or financial means.”

    FIND MINING: Next-Generation XRP Cloud Mining Solution

    Headquartered in London and serving users worldwide, FIND MINING combines cutting-edge mining technology with unmatched ease of use, reaching diverse users from students to retirees with a secure, flexible passive income tool.

    FINDMINING provides retail investors with cloud computing contracts worth investing in as shown below

    Key Highlights of the FIND MINING App:

    • Quick Registration, Instant Reward:
      Users can sign up at findmining.com using just an email to instantly receive a $15 reward. Daily logins grant an additional $0.60, letting newcomers try it out with zero risk.
    • Flexible Contracts, Your Choice:
      Offers mining contracts from as short as 2 days to up to 60 days, with entry thresholds starting at just $100. Contract pricing adjusts transparently in real-time with global exchange rates.
    • Automatic Daily Payouts:
      Once activated, contracts run automatically with daily mining rewards settled directly to users’ accounts.
    • Multi-Currency Support:
      Users can deposit and withdraw with XRP, BTC, ETH, USDT, DOGE, SOL, LTC, BCH, USDC, and other major cryptocurrencies.
    • Military-Grade Security:
      Funds are secured end-to-end by McAfee, with Cloudflare protection against DDoS attacks — keeping your assets safe at all times.
    • Eco-Friendly Operations:
      Fully powered by 100% renewable energy, FIND MINING eliminates the high carbon footprint of traditional mining farms, balancing financial growth with sustainability.
    • 24/7 Global Support:
      A multilingual support team is available around the clock, serving over 9.4million users across 175+ countries.

    As XRP continues its path toward wider global legitimacy and renewed market confidence, FIND MINING aims to become the gateway for everyday people to participate in the XRP ecosystem and build digital wealth with ease.

    Visit findmining.com now, download the FIND MINING App, claim your free reward, and join the crypto wealth revolution designed for everyone!

    About FIND MINING
    Based in London and serving clients worldwide, FIND MINING is a leading provider of cloud mining and passive crypto income solutions. By combining innovative technology, unmatched ease of use, and top-tier security, FIND MINING empowers everyone to safely and simply grow their digital assets, advancing the global democratization of digital wealth.

    Official Emaill: info@findmining.com
    Official Website: findmining.com
    App Download: FINDMINING 

    Attachment

    The MIL Network

  • MIL-OSI: Find Mining Announces Timely Cloud Mining Opportunity – A New Choice for the Volatile Crypto Market to Seize Your Million-Dollar Opportunity

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 02, 2025 (GLOBE NEWSWIRE) — At a time when the global cryptocurrency market is experiencing turbulent fluctuations, opportunities and risks are equally huge. In the past month, Bitcoin has broken through key resistance levels several times and then quickly fell back; Ethereum has been turbulent during its technological upgrades; and Ripple has been fluctuating in the legal and geopolitical vortex.

    Faced with this unpredictable market, many investors are thinking about a question: Is there a way to participate in the crypto market and enjoy stable and sustainable returns?

    Find Mining, a fast-growing cloud mining company in the UK, has given its own answer.

    Unlike traditional mining machines, Find Mining provides cloud-based mining services:

    No need to buy expensive mining machines

    No need to bear high electricity bills

    No need to worry about hardware depreciation or maintenance

    Users only need to register online and select the appropriate mining contract. Find Mining will allocate computing power to users in its globally distributed data centers and automatically mine around the clock, allowing investors to get rid of technical barriers and easily enjoy profits.

    Sign up and get $15, and novices can also try it at “0 cost”

    In order to lower the entry threshold for new users, Find Mining has set up a welcome bonus for novices:

    1. Sign up and get $15
    2. You can buy a mining contract worth $15 without pre-depositing funds
    3. Daily automatic settlement of income

    This means that even a novice with no experience in cryptocurrency can immediately try zero-risk mining and easily open the door to wealth.

    Funds are safe, compliant and transparent, and users have no worries

    Find Mining takes compliance and security as its core strategy. All customer funds are managed by top banks and equipped with SSL encryption and insurance protection.

    Whether it is investment income or account balance, users can view it in real time through the visual dashboard, and the flow of funds is clear at a glance.

    Not just mining, the referral program helps you create multiple passive income

    In addition to basic mining income, Find Mining has also launched a generous referral reward program to help users expand their income channels:

    First-level commission: You can get a 3% commission on the total investment of the directly recommended user

    Second-level commission: If the referee recommends a new user, you can also get a 1.5% commission

    This means that even if you do not make additional investments, as long as you share your referral link, you can continue to receive passive dividends

    Four steps to start your crypto passive income journey

    Visit Find Mining official website and register to receive a $15 welcome bonus.

    • Select a contract
    • Choose a cloud mining plan that suits you and flexibly match your budget and time period
    • Automatic mining

    After purchasing a contract, the platform will immediately allocate computing power and start, truly achieving 24/7 continuous profitability.

    • Daily income is credited to your account

    The system settles income every 24 hours and directly deposits it into your account, which can be seen and withdrawn at any time.

    Stable income, an “invisible shield” against market fluctuations

    Unlike the wildly fluctuating coin prices, cloud mining income is more stable and predictable.

    Find Mining’s daily income is automatically distributed according to the contract, allowing investors to stay away from the anxiety caused by the ups and downs of the market. For those who desire financial stability, this is undoubtedly a more reassuring choice.

    Grab the million-dollar cloud mining opportunity and start now

    The global crypto market is changing rapidly, and more people are turning their attention to cloud mining, which has a low entry threshold and can bring a smoother long-term profit curve.

    Whether you are a novice who has just come into contact with cryptocurrencies or an old player who has tried cryptocurrency investment, Find Mining may become your “invisible shield” against market uncertainty.

    Sign up now to receive a $15 cloud mining contract and seize the new track of stable income!

    Click to enter the Find Mining official website

    Official email: info@findmining.com

    Disclaimer: This announcement is for informational purposes only and does not constitute financial advice, investment solicitation, or a trading recommendation. Cryptocurrency mining and staking carry risk, including potential loss of capital. Always conduct due diligence and consult a licensed financial advisor before making investment decisions.

    The MIL Network

  • MIL-OSI: Dundee Corporation Provides Update on Android Transaction Timing

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 02, 2025 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation”) today provided an update regarding the previously announced sale of Android Industries. Since the signing of the binding Share Purchase Agreement, the parties have made meaningful progress in satisfying the required conditions precedent to closing. The majority of these conditions have been met. However, key remaining third-party consents remain outstanding and have taken longer to secure than anticipated.

    All parties remain committed to the transaction and continue to work toward a successful completion, however, the final timing of closing remains uncertain and will depend on resolution of the remaining items. The Corporation will keep the market informed as material updates become available.

    ABOUT DUNDEE CORPORATION:

    Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

    FORWARD-LOOKING STATEMENTS:

    This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network

  • MIL-OSI USA News: 160th Anniversary of the United States Secret Service, 2025

    Source: US Whitehouse

    class=”has-text-align-center”>By the President of the United States of America

    A Proclamation

    On April 14, 1865, President Abraham Lincoln signed legislation authorizing the creation of the United States Secret Service, the very same day an assassin’s bullet tragically took his life.  Ironically, the agency he established likely could not have saved him.  Its original purpose was not protection, but preservation, tasked with ending the widespread counterfeiting that threatened to destabilize the post-Civil War economy.  Less than 3 months later, on July 5, 1865, the Secret Service officially began operations within the Department of the Treasury. 

    Over time, the agency’s mission began to expand.  Following the assassination attempt of William McKinley in 1901, the Congress entrusted the Secret Service with the solemn duty of protecting the President of the United States.  What began as an effort to defend America’s currency became a lasting commitment to defend its highest office.  Today, the Secret Service stands among the Nation’s most elite and storied law enforcement agencies, defined by honor, vigilance, and its enduring motto:  “Worthy of Trust and Confidence.”

    More than 8,000 men and women serve in the Secret Service, united by a mission that demands excellence, resilience, and steadfast loyalty.  They protect the President and Vice President, their families, former presidents, major presidential candidates, and visiting foreign dignitaries.  Their watch extends to the White House, the Vice President’s residence, National Special Security Events, and critical sites around the world.  Agents undergo intense and rigorous training to earn their post, ensuring that only the most disciplined and determined are entrusted with this sacred duty.  Even in moments of grave danger, these warriors stand firm, confronting threats with unshakable resolve, unmatched skill, and the quiet strength that defines the very best of American law enforcement.  

    The United States Secret Service has stood as an unflinching shield against violence and mayhem, answering the call whenever danger arises to protect our national leadership.  Agents have placed themselves in harm’s way to protect against the attempted assassinations of President-elect Franklin Roosevelt in 1933, President Harry Truman in 1950, President Gerald Ford in 1975, President Ronald Reagan in 1981, and two attempts against my own life in 2024.  In each of these moments, they acted with split-second courage and absolute devotion to duty.  I witnessed their bravery firsthand — calm under pressure, fearless in the face of danger, and wholly committed to the mission.  Behind these historical incidents stand countless additional threats, lives protected without fanfare, and sacrifices made without recognition.  To risk laying down one’s life for another is the most selfless act of patriotism and humanity, and I am forever indebted to the agents who risk everything to guard me from harm.

    As we commemorate the 160th anniversary of the United States Secret Service, our Nation proudly honors the heroism, discipline, and unwavering commitment of every agent who have placed their lives in the line of fire so that our Republic, our freedom, and our glorious constitutional order may endure.  Their bravery stands as a powerful testament to the spirit of America, undaunted in the face of danger and resolute in the defense of liberty.

    NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim July 5, 2025, as the 160th Anniversary of the United States Secret Service.  I call upon all Americans to offer our unending gratitude and respect to the 8,000 employees of the United States Secret Service in more than 150 offices across the country and abroad that serve on the edge of danger to defend the safety and security of our communities and uphold the sovereignty and strength of our Republic.

    IN WITNESS WHEREOF, I have hereunto set my hand this second day of July, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.

                                   DONALD J. TRUMP

    MIL OSI USA News

  • MIL-OSI USA News: 160th Anniversary of the United States Secret Service, 2025

    Source: US Whitehouse

    class=”has-text-align-center”>By the President of the United States of America

    A Proclamation

    On April 14, 1865, President Abraham Lincoln signed legislation authorizing the creation of the United States Secret Service, the very same day an assassin’s bullet tragically took his life.  Ironically, the agency he established likely could not have saved him.  Its original purpose was not protection, but preservation, tasked with ending the widespread counterfeiting that threatened to destabilize the post-Civil War economy.  Less than 3 months later, on July 5, 1865, the Secret Service officially began operations within the Department of the Treasury. 

    Over time, the agency’s mission began to expand.  Following the assassination attempt of William McKinley in 1901, the Congress entrusted the Secret Service with the solemn duty of protecting the President of the United States.  What began as an effort to defend America’s currency became a lasting commitment to defend its highest office.  Today, the Secret Service stands among the Nation’s most elite and storied law enforcement agencies, defined by honor, vigilance, and its enduring motto:  “Worthy of Trust and Confidence.”

    More than 8,000 men and women serve in the Secret Service, united by a mission that demands excellence, resilience, and steadfast loyalty.  They protect the President and Vice President, their families, former presidents, major presidential candidates, and visiting foreign dignitaries.  Their watch extends to the White House, the Vice President’s residence, National Special Security Events, and critical sites around the world.  Agents undergo intense and rigorous training to earn their post, ensuring that only the most disciplined and determined are entrusted with this sacred duty.  Even in moments of grave danger, these warriors stand firm, confronting threats with unshakable resolve, unmatched skill, and the quiet strength that defines the very best of American law enforcement.  

    The United States Secret Service has stood as an unflinching shield against violence and mayhem, answering the call whenever danger arises to protect our national leadership.  Agents have placed themselves in harm’s way to protect against the attempted assassinations of President-elect Franklin Roosevelt in 1933, President Harry Truman in 1950, President Gerald Ford in 1975, President Ronald Reagan in 1981, and two attempts against my own life in 2024.  In each of these moments, they acted with split-second courage and absolute devotion to duty.  I witnessed their bravery firsthand — calm under pressure, fearless in the face of danger, and wholly committed to the mission.  Behind these historical incidents stand countless additional threats, lives protected without fanfare, and sacrifices made without recognition.  To risk laying down one’s life for another is the most selfless act of patriotism and humanity, and I am forever indebted to the agents who risk everything to guard me from harm.

    As we commemorate the 160th anniversary of the United States Secret Service, our Nation proudly honors the heroism, discipline, and unwavering commitment of every agent who have placed their lives in the line of fire so that our Republic, our freedom, and our glorious constitutional order may endure.  Their bravery stands as a powerful testament to the spirit of America, undaunted in the face of danger and resolute in the defense of liberty.

    NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim July 5, 2025, as the 160th Anniversary of the United States Secret Service.  I call upon all Americans to offer our unending gratitude and respect to the 8,000 employees of the United States Secret Service in more than 150 offices across the country and abroad that serve on the edge of danger to defend the safety and security of our communities and uphold the sovereignty and strength of our Republic.

    IN WITNESS WHEREOF, I have hereunto set my hand this second day of July, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and forty-ninth.

                                   DONALD J. TRUMP

    MIL OSI USA News

  • MIL-OSI Canada: The Government of Canada funds energy projects in Alberta and the Northwest Territories to build a strong, sustainable economy

    Source: Government of Canada News (2)

    July 2, 2025 – Yellowknife, Northwest Territories

    Today, the Honourable Julie Dabrusin, Minister of Environment and Climate Change, visited Denendeh Manor, a four-storey Indigenous-owned apartment building in Yellowknife, to announce over $13.3 million in support of five projects in Alberta and the Northwest Territories.

    These projects are being funded under the Low Carbon Economy Fund (LCEF), which invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians through four distinct funding streams. They are essential to building a clean economy and keeping Canadian innovation climate competitive.

    Three of the projects being announced are receiving funding from the LCEF Challenge stream, which supports a variety of organizations in adopting proven, low-carbon technologies to reduce their carbon footprint and stay climate competitive. The other two are receiving funding from the LCEF Indigenous Leadership stream, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.

    • The Sherritt International Corporation is receiving approximately $1.6 million from the Challenge stream to increase the efficiency of the natural gas-fired boilers it uses to generate steam for its fertilizer plant in Fort Saskatchewan, Alberta.
    • Cavendish Farms Corporation is receiving nearly $1.4 million from the Challenge stream to install a heat recovery system and reduce reliance on natural gas at its Lethbridge, Alberta facility.
    • The Taurus Canada Renewable Natural Gas Corporation is receiving approximately $3.4 million from the Challenge stream to construct the world’s first small-scale biogenic carbon capture and storage project, using manure anaerobic digestion on the Kasko Cattle Co. Ltd. feedlot site.
    • Denendeh Manor GP Ltd. is receiving approximately $2.3 million from the Indigenous Leadership stream to improve energy efficiency and low carbon heating at Denendeh Manor in Yellowknife, Northwest Territories.
    • The Inuvialuit Regional Corporation is receiving approximately $4.6 million from the Indigenous Leadership stream to supply ground-mounted solar installation kits to Inuvialuit-owned cabins in the Inuvialuit Settlement Region of the Northwest Territories.

    These investments reaffirm the Government of Canada’s strong commitment to building a clean, sustainable economy for all; achieving its greenhouse gas emission reduction targets; and protecting our environment.

    MIL OSI Canada News

  • MIL-OSI Canada: The Government of Canada funds energy projects in Alberta and the Northwest Territories to build a strong, sustainable economy

    Source: Government of Canada News (2)

    July 2, 2025 – Yellowknife, Northwest Territories

    Today, the Honourable Julie Dabrusin, Minister of Environment and Climate Change, visited Denendeh Manor, a four-storey Indigenous-owned apartment building in Yellowknife, to announce over $13.3 million in support of five projects in Alberta and the Northwest Territories.

    These projects are being funded under the Low Carbon Economy Fund (LCEF), which invests in projects that reduce greenhouse gas emissions, generate clean growth, build resilient communities, and create jobs for Canadians through four distinct funding streams. They are essential to building a clean economy and keeping Canadian innovation climate competitive.

    Three of the projects being announced are receiving funding from the LCEF Challenge stream, which supports a variety of organizations in adopting proven, low-carbon technologies to reduce their carbon footprint and stay climate competitive. The other two are receiving funding from the LCEF Indigenous Leadership stream, which supports Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada.

    • The Sherritt International Corporation is receiving approximately $1.6 million from the Challenge stream to increase the efficiency of the natural gas-fired boilers it uses to generate steam for its fertilizer plant in Fort Saskatchewan, Alberta.
    • Cavendish Farms Corporation is receiving nearly $1.4 million from the Challenge stream to install a heat recovery system and reduce reliance on natural gas at its Lethbridge, Alberta facility.
    • The Taurus Canada Renewable Natural Gas Corporation is receiving approximately $3.4 million from the Challenge stream to construct the world’s first small-scale biogenic carbon capture and storage project, using manure anaerobic digestion on the Kasko Cattle Co. Ltd. feedlot site.
    • Denendeh Manor GP Ltd. is receiving approximately $2.3 million from the Indigenous Leadership stream to improve energy efficiency and low carbon heating at Denendeh Manor in Yellowknife, Northwest Territories.
    • The Inuvialuit Regional Corporation is receiving approximately $4.6 million from the Indigenous Leadership stream to supply ground-mounted solar installation kits to Inuvialuit-owned cabins in the Inuvialuit Settlement Region of the Northwest Territories.

    These investments reaffirm the Government of Canada’s strong commitment to building a clean, sustainable economy for all; achieving its greenhouse gas emission reduction targets; and protecting our environment.

    MIL OSI Canada News

  • MIL-OSI Russia: General Secretary of the CPV Central Committee welcomes new Vietnam-US trade deal

    Translation. Region: Russian Federal

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

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

    HANOI, July 2 (Xinhua) — General Secretary of the Communist Party of Vietnam (CPV) Central Committee To Lam welcomed the new trade agreement between Vietnam and the United States during a phone conversation with U.S. President Donald Trump on Wednesday, the Vietnam News Agency reported.

    To Lam called on Washington to recognize Vietnam as a market economy as soon as possible and lift restrictions on the export of some high-tech goods.

    The two leaders also discussed the main directions for further strengthening the Vietnam-US comprehensive strategic partnership in the coming years and related measures. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Global Conference on Digital Economy underway in Beijing

    Translation. Region: Russian Federal

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

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

    BEIJING, July 2 (Xinhua) — High-ranking guests from China and abroad gathered in Beijing for the 2025 Global Conference on Digital Economy, calling for international cooperation to develop the digital economy and build “digital cities” around the world.

    Global industry leaders gathered at the event, which opened in the Chinese capital on Wednesday, to build consensus on digital development through city-level collaboration, technology innovation and adoption, and promoting inclusive and sustainable growth.

    Stressing the key role of digital technology in urban development, Zhuang Rongwen, director of the Office of the Central Cybersecurity and Information Technology Commission, said the internet has unique advantages that promote global cooperation.

    Cities around the world should leverage these advantages to strengthen exchanges and cooperation in the fields of digital economy and artificial intelligence, thereby creating a favorable environment and greater opportunities for their development, he said.

    Fu Hua, director general of Xinhua News Agency, noted that Xinhua, as China’s state media, has long been covering China’s digital development and is willing to expand cooperation with all interested parties in promoting the digital economy.

    Fu Hua said the news agency will strive to comprehensively cover China’s progress in developing digital cities and tell vivid stories about the interactions between cities in China and other countries.

    UNDP Resident Representative in China Beate Trankmann praised Beijing’s achievements in digital development. She noted that the Chinese capital has taken many innovative steps that have provided important lessons for the global community, such as using digital technologies to improve urban governance.

    “Beijing, as a pioneer in building a global digital city, has not only integrated the concept of digital adaptation into its urban development strategy, but also set an example for the world by introducing a number of innovative practices,” said Zhang Xiangchen, Deputy Director-General of the World Trade Organization (WTO).

    According to him, the transformation in the digital era represents not only technological breakthroughs, but also an evolution of the concept of global cooperation. Zhang Xiangchen promised that the WTO will continue to play its role as a connecting multilateral platform through which technological advances can more effectively contribute to human well-being and global development. –0–

    MIL OSI Russia News

  • MIL-OSI: BigCommerce to Announce Second Quarter 2025 Financial Results on July 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 02, 2025 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced it will report its financial results for the second quarter ended June 30, 2025, before market open on Thursday, July 31, 2025.

    The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m. CT (8:00 a.m. ET) on Thursday, July 31, 2025. The conference call can be accessed by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the “BigCommerce conference call.” The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at http://investors.bigcommerce.com.

    Following the completion of the call through 11:59 p.m. ET on Thursday, August 7, 2025, a telephone replay will be available by dialing (877) 344-7529 from the United States, (855) 669-9658 from Canada or (412) 317-0088 internationally with conference ID 7863771. A webcast replay will also be available at http://investors.bigcommerce.com for 12 months.

    About BigCommerce

    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    The MIL Network

  • MIL-OSI: First Bank Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, N.J., July 02, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ending on June 30, 2025.

    Event:       Earnings Conference Call – Second Quarter 2025
             
    When:   Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time
             
    Access:   Conference Call Dial-In:       (800) 715-9871 (toll free)
             
        Conference Call Access Code:   3909613
             

    Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of second quarter 2025 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company’s second quarter results will be released after the market closes on Tuesday, July 22, 2025 and will also be available in the “Investor Relations” section of the Company’s website. Conference replay information is also available on the Company’s website, www.firstbanknj.com.

    About First Bank
    First Bank is a New Jersey state-chartered bank with 27 full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, Trenton, Williamstown, Morristown and Summit, New Jersey, Doylestown, Trevose, Warminster, West Chester, Paoli, Malvern, Coventry, Devon, Lionville, Media, Pennsylvania, and Palm Beach, Florida. With $3.88 billion in assets as of March 31, 2025. First Bank offers a traditional range of deposit and loan products to individuals and businesses mainly throughout the New York City to Philadelphia corridor. First Bank’s common stock is listed on the Nasdaq Global Market exchange under the symbol “FRBA”.

    Contact
    Andrew L. Hibshman, Executive Vice President and CFO
    (609) 643-0058, andrew.hibshman@firstbanknj.com

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