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Category: Economy

  • MIL-OSI: Report Reveals Candidates’ Perspectives on Using AI in the Hiring Process

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 24, 2025 (GLOBE NEWSWIRE) — In today’s high-pressure hiring environment, where talent teams are expected to do more with less, Employ Inc. remains committed to delivering innovative, intelligent hiring solutions that meet the real-world needs of recruiters and talent acquisition leaders. Employ’s 2025 Job Seeker Nation Report reveals new data that underscores the growing complexity of the job search experience and what it means for hiring teams striving to keep up – especially as AI continues to reshape the hiring landscape. Based on responses from more than 1,500 job seekers, the report finds that 31 percent have used AI to support their job search in 2025, a seven-point increase from last year alone.

    This surge in AI usage is notably pronounced among desk-based professionals in industries like software, finance and government, where high application volumes and fierce competition are the norm. These job seekers are leveraging AI to streamline their own experiences from discovering relevant roles and crafting standout cover letters to analyzing their interview performance, raising the bar for employers, and amplifying the urgency for TA teams to adopt smarter, more adaptive tools.

    Job seekers are feeling the pressure from the competitive job market, and they’re responding by upskilling, especially in AI. Candidates are leaning in, not backing down, and that shift has real implications for talent acquisition teams. The report highlights that 66 percent of respondents reported feeling burned out from job searching, particularly in marketing, healthcare and food service roles. Most of these workers are investing in new skillsets, including AI literacy, to remain competitive.

    Meanwhile, TA teams are also leveraging AI, but not always in the ways candidates expect. While many job seekers are comfortable with AI being used to screen resumes, fewer use AI for resume creation themselves, revealing a gap in how each side engages with technology. This points to evolving comfort levels and expectations around technology’s role in hiring. Tools like Employ’s AI Interview Companion are helping recruiters streamline interviews, reduce bias, and create fairer experiences—benefits that resonate with candidates: 61 percent believe AI has the potential to make hiring more equitable.

    “As AI becomes more deeply embedded in both the candidate and recruiter experience, it’s essential that we use it to enhance—not replace—human connection,” said Stephanie Manzelli, Chief People Officer at Employ. “Candidates today are not just applying for jobs—they’re actively investing in their skills and seeking employers who do the same. That’s an opportunity for companies to differentiate through transparency, development, and trust.”

    Despite growing AI adoption on both sides of the hiring table, one truth remains: human connection matters most. The majority of job seekers (58 percent) still trust HR professionals more than algorithms when navigating the hiring process.

    Key Findings:

    • 1 in 3 job seekers used AI in their job search in 2025, up 7 points from 2024
    • Desk-based candidates in tech and finance are the highest AI adopters
    • 66 percent of job seekers report burnout, fueling interest in upskilling
    • 61 percent believe AI in hiring can reduce bias – but 58 percent still trust humans over machines

    To explore more candidate insights and actionable takeaways for recruiters, download the full 2025 Job Seeker Nation Report here.

    About Employ Inc.
    Employ delivers people-first intelligent hiring solutions that empower companies to overcome their greatest hiring challenges. From startups to Fortune 100 organizations, Employ meets companies where they are—offering tailored solutions that support everything from foundational hiring to advanced talent acquisition strategies. Employ is the only organization to offer companies choice in their hiring technology, providing three unique ATS platforms (JazzHR, Lever, and Jobvite) and AI Companions that work alongside you in your hiring journey. Our intelligent hiring suite is trusted by more than 23,000 customers, including e.l.f. Beauty, Pure Barre, Shutterfly, and Spotify. For more information, visit www.employinc.com.

    The MIL Network –

  • MIL-OSI: CURRENC and Galaxy Payroll Group Partner to Develop AI-Powered HR Solutions

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 24, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it has entered a strategic partnership with Galaxy Payroll Group Limited (Nasdaq: GLXG) (“Galaxy Group”) to jointly create innovative AI-powered human resources solutions for CURRENC’s “AI Staff for Hire” platform. Leveraging Galaxy Group’s deep industry expertise and CURRENC’s advanced AI technology, the parties will develop two new modules, AI HR Manager and AI Recruitment Manager, extending CURRENC’s reach to the HR sector.

    CURRENC’s “AI Staff for Hire” platform empowers businesses across the financial industry to automate core functions, reduce operational costs, and make data-driven decisions. Its AI HR Manager module will be customized to streamline internal HR operations, from employee onboarding and performance monitoring to data management and reporting. Meanwhile, the AI Recruitment Manager will optimize the recruitment process, delivering intelligent candidate screening and automated interview scheduling to enhance hiring efficiency. Like all “AI Staff for Hire” solutions, these new HR modules will integrate smoothly into businesses’ existing workflows, enabling rapid implementation and adoption.

    “Collaborating with human resources leader Galaxy Group marks another milestone in our mission to transform business operations across the financial industry with AI-powered solutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “This partnership highlights how our ‘AI Staff for Hire’ platform can be seamlessly adapted to help clients in diverse financial sectors scale efficiently, reduce costs, and deliver superior customer experiences, demonstrating CURRENC’s leadership in AI innovation. Looking ahead, the Company is poised to build on this success, exploring additional AI-driven opportunities to facilitate digitalization and drive sustainable growth across industries.” 

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI: CURRENC and Galaxy Payroll Group Partner to Develop AI-Powered HR Solutions

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 24, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it has entered a strategic partnership with Galaxy Payroll Group Limited (Nasdaq: GLXG) (“Galaxy Group”) to jointly create innovative AI-powered human resources solutions for CURRENC’s “AI Staff for Hire” platform. Leveraging Galaxy Group’s deep industry expertise and CURRENC’s advanced AI technology, the parties will develop two new modules, AI HR Manager and AI Recruitment Manager, extending CURRENC’s reach to the HR sector.

    CURRENC’s “AI Staff for Hire” platform empowers businesses across the financial industry to automate core functions, reduce operational costs, and make data-driven decisions. Its AI HR Manager module will be customized to streamline internal HR operations, from employee onboarding and performance monitoring to data management and reporting. Meanwhile, the AI Recruitment Manager will optimize the recruitment process, delivering intelligent candidate screening and automated interview scheduling to enhance hiring efficiency. Like all “AI Staff for Hire” solutions, these new HR modules will integrate smoothly into businesses’ existing workflows, enabling rapid implementation and adoption.

    “Collaborating with human resources leader Galaxy Group marks another milestone in our mission to transform business operations across the financial industry with AI-powered solutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “This partnership highlights how our ‘AI Staff for Hire’ platform can be seamlessly adapted to help clients in diverse financial sectors scale efficiently, reduce costs, and deliver superior customer experiences, demonstrating CURRENC’s leadership in AI innovation. Looking ahead, the Company is poised to build on this success, exploring additional AI-driven opportunities to facilitate digitalization and drive sustainable growth across industries.” 

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI Africa: African leaders urge United States (U.S.) to embrace investment-driven partnerships and review tariffs


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    African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential.

    Addressing more than 2,000 government and business leaders, and other delegates at the U.S.-Africa business summit in the capital Luanda, Angolan President João Lourenço said: “It is time to replace the logic of aid with the logic of investment and trade.”

    He urged U.S. companies to diversify beyond traditional oil and mineral extraction and invest in sectors such as automotive manufacturing, shipbuilding, tourism, cement production, and steel production.

    African Union Commission Chairperson Mahmoud Ali Youssouf, added, “We’re not seeking aid, but building co-created solutions.” He called for the removal of punitive tariffs and visa restrictions, noting that Africa’s 1.3 billion people and abundant resources remain among the world’s most significant untapped economic opportunities.

    “This should not just be a summit, but a call to action. Together, let’s walk the pathways to prosperity—with unity, purpose, and Agenda 2063 as our guide,” he told the summit.

    In his remarks, African Development Bank Group President Dr. Akinwumi Adesina said, “We should review the high tariffs on African countries. What is needed is more trade between Africa and the U.S., not less.”

    African Continental Free Trade Area (AfCFTA) Secretary General Wamkele Mene reinforced Africa’s integration agenda, highlighting the importance of open regional markets. “The undertaking of the AfCFTA is an ambitious one—It has to be ambitious,” Mene said. He emphasized that the success of AfCFTA is essential to scale investment, reduce fragmentation, and accelerate industrial development across the continent.

    From rhetoric to action: Building real partnerships

    The central message was clear: the era of aid dependency is over, and the time for transformative investment partnerships has arrived. The leaders called for bold, strategic investments to unlock Africa’s trillion-dollar potential.

    Responding to the call for deeper engagement, U.S. officials acknowledged Africa’s growing economic importance and the need to reset perceptions. Senior State Department Bureau Official Troy Fitrell said, “There are business leaders in the U.S. who need to understand the opportunities that lie in doing business with Africa. Our mission going forward will be to find them—and bring them in.”

    The U.S.-Africa Business Summit promotes economic cooperation and investment between the United States and Africa with a focus on fostering sustainable and inclusive economic growth. By bringing together leaders from government, business, and civil society, the summit provides a platform to discuss key issues and opportunities in the U.S.–Africa relations, ultimately driving growth and development on both sides.

    Adesina pointed to the Lobito corridor as a concrete example of strategic investment already underway.

    “That is why the African Development Bank is a key strategic partner with the U.S., Angola, and Zambia on the development of the Lobito corridor,” he said. This critical corridor will link the vast areas of Zambia and the Democratic Republic of the Congo to the port of Angola, improving mineral supplies, unlocking agricultural potential, and creating jobs.

    The African Development Fund, the soft loan arm of the Bank Group, will be providing $500 million in support of the development of the Lobito Corridor. Additionally, the African Development Bank will provide $1 billion over five years for complementary investments around the corridor, including agricultural value chains, roads, and energy infrastructure.

    Act on the data, not perceptions

    The Bank President went further: “As we build transport corridors, let us also build strategic partnership corridors. Strategic partnerships that prioritize capital investments in infrastructure, agriculture, minerals industrialization, and development of digital infrastructure, as well as capital markets.”

    He charged U.S. investors: “Act on the data, not perceptions. Think Africa. Think opportunities. Think competition. From the U.S. International Development Finance Corporation to the Export-Import Bank of the United States, as well as institutional investors and capital allocations, invest in Africa. Let’s make America and Africa great again.”

    Corporate Council on Africa President Florie Liser challenged summit delegates to embrace true partnership: “Beyond deals, let’s strive for lasting transformation.” As part of the opening ceremony of the Summit, the Corporate Council on Africa honored Dr. Adesina with its Distinguished Economic Leadership Award, recognizing his significant contributions to Africa’s transformation.

    Council Deputy Chairman, Mr. Jean Raymond Boulle, conferred the award, describing how the African Development Bank has impacted millions of Africans under Adesina’s leadership, while transforming the Bank to a world-class institution and a partner of choice.

    Akinwumi Adesina, who will complete his second and final five-year term as President of the African Development Bank Group on 31 August, has led for the past decade transformative projects across Africa under the Bank’s five strategic priorities, the “High 5s”. They have positively impacted the lives of more than 565 million people on the continent.

    Speaking at a high-level event hosted by Africa50, a pioneering infrastructure investment platform dedicated to accelerating project development and delivery across Africa, Adesina emphasized the urgent need to scale local financing solutions—especially in local currencies—to mitigate forex volatility, reduce risk mismatches, and enhance the bankability and stability of infrastructure projects for global investors.

    The event, titled “Unlocking Capital for Africa’s Infrastructure through Innovative Finance,” featured a high-level panel discussion on asset recycling, moderated by CNN’s Richard Quest, with insights from Alain Ebobissé, CEO of Africa50; Brook Taye, Director General of Ethiopia Investment Holdings; and Armando Manuel, Chairman of Fundo Soberano de Angola.

    Together, they explored how innovative models, such as asset recycling, can unlock capital and accelerate infrastructure development across Africa.

    Alain Ebobissé stated that the asset recycling model has been successfully implemented in many countries worldwide.

    “In implementing this initiative in Africa, we are pursuing three objectives. First, monetizing assets—ensuring that, instead of owning only a bridge, you receive cash that you can reinvest in your assets. Second, improving the efficiency of the asset by bringing in first-class operators to help us manage those assets. Third, and most importantly, we aim to bring pension funds and other investors interested in cash flow-generating assets to finance these projects,” Ebobissé explained.

    Adesina said over the past decade, the African Development Bank Group has invested over $55 billion in infrastructure, including regional projects, making the Bank the largest financier of infrastructure in Africa.

    The African Development Bank established Africa50 as a private equity infrastructure platform, comprising a project development company and a project finance company, to support the development of infrastructure with market-rate returns.

    Africa’s missing share of a $2.9 trillion opportunity

    The Bank President informed the audience that, in the past eight years since its establishment, Africa50 has invested in a portfolio of infrastructure projects worth over $8 billion.

    “But more is needed, especially from private sector investors,” stated Adesina. “Africa should be well positioned to attract some of the $2.9 trillion global green bonds. However, the continent represents less than 1% of global green bond issuance. Because most of Africa’s infrastructure is yet to be built, this represents a huge opportunity for green bond issuances to build green infrastructure, reduce carbon emissions, and build climate resilience.”

    The African Development Bank launched the Alliance for Green Infrastructure in Africa (AGIA) to mobilize $500 million for project preparation and development, as well as $10 billion for green infrastructure investments. Africa50 is the General Partner for the AGIA-Project Development Fund, with several Limited Partners, including the G7 countries.

    To mitigate risks at scale across Africa, the African Development Bank is establishing the Africa Risk Mitigation Agency, which will consolidate all banks’ guarantee instruments into a single entity. The entity will support guarantees for equity risk, climate risk, refinancing risk, and political risk.

    He emphasized that Africa50 is also pioneering asset recycling, enabling governments to recover their investment in infrastructure by transferring brownfield assets to the private sector. This can help to reduce debt burdens and provide liquidity for governments.

    “The Senegambia bridge, which the African Development Bank financed with $104 million, was the first to be used for the asset recycling program. It worked successfully, as Gambia received $104 million it spent back through Africa50,” he added. “Following this, several asset recycling initiatives are being proposed for many infrastructure projects financed for governments by the African Development Bank Group.”

    The renewed momentum for U.S.-Africa business partnerships received strong political backing, with the participation of seven Heads of State, several Prime Ministers, and leaders of key regional organizations.

    Attending dignitaries included Presidents Denis Sassou Nguesso (Republic of the Congo), Faustin-Archange Touadéra (Central African Republic), Félix Antoine Tshisekedi Tshilombo (Democratic Republic of the Congo), Taye Aske Selassie (Ethiopia), Duma Gideon Boko (Botswana), Netumbo Nandi-Ndaitwah (Namibia), and Brice Clotaire Oligui Nguema (Gabon); Prime Ministers Gervais Ndirakobuca (Burundi), Robert Beugré Mambé (Côte d’Ivoire), Russell Mmiso Dlamini (Eswatini), Manuel Osa Nsue Nsua (Equatorial Guinea), Christian Louis Ntsay (Madagascar), and Deputy Prime Minister Nthomeng Justina Majara (Lesotho); as well as Mahamoud Ali Youssouf, Chairperson of the African Union Commission, Ambassador Gilberto Da Piedade Verissimo, Chairperson of the Economic Community of Central African States, and Elias M. Magosi, Executive Secretary of the Southern African Development Community.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact:
    Emeka Anuforo
    Communication and External Relations Department
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa –

  • MIL-OSI China: China’s data-driven development facilitates industrial upgrades in key sectors

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

    BEIJING, June 24 — China’s data-driven approach to development has resolved growth bottlenecks in key sectors and facilitated industrial upgrades since the country began implementing a three-year action plan to promote data as a key production factor and enhance its role in economic and social development, the National Data Administration said on Tuesday.

    The 2024-2026 action plan has achieved phased results since it was launched more than a year ago, identifying a number of outstanding solutions for data development and utilization, and effectively promoting the release of data element values in various sectors, administration official Luan Jie told a press briefing.

    The People’s Bank of China is undertaking a financial digital transformation and upgrading project and a demonstration project to empower rural revitalization with financial technology, Luan said. And the China Meteorological Administration has built a global-to-local meteorological data system covering the past, present and future. It has released over 100 types of data to the public, sharing 13 petabytes of data with over 1.3 million users, she added.

    The administration will accelerate efforts to explore new models and pathways to unlock the value of data elements, Luan said. She encouraged more enterprises to join relevant pilot projects, fostering collaboration to harness the potential of data and drive high-quality growth across industries.

    MIL OSI China News –

  • MIL-OSI China: Chinese premier meets Ecuadorian president

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

    BEIJING, June 24 — Chinese Premier Li Qiang met with Ecuadorian President Daniel Noboa, who is in China to attend the 2025 Summer Davos forum, in Beijing on Tuesday.

    Li said that since the establishment of diplomatic relations 45 years ago, China-Ecuador relations had maintained a good development momentum, with political mutual trust consolidated, practical cooperation achieving fruitful results, and bilateral friendship deepened.

    He said China stands ready to work with Ecuador to carry forward the traditional friendship, expand mutually beneficial cooperation, promote the continuous deepening of the China-Ecuador comprehensive strategic partnership, and add more impetus to the modernization drive of both sides.

    China is willing to enhance the docking of development strategies with Ecuador, strengthen cooperation under the Belt and Road Initiative, expand the scale of bilateral trade, and deepen cooperation on clean energy, infrastructure, and finance, Li said.

    Noting that China is glad to see more high-quality products from Ecuador exported to China, he said China welcomed Ecuador to make good use of promotion platforms such as the China International Import Expo (CIIE), and called on both sides to enhance exchanges and cooperation in fields such as education, culture and youth, and facilitate personnel exchanges.

    China stands ready to enhance communication and coordination with Ecuador in multilateral mechanisms such as the United Nations, practice true multilateralism, and make positive contributions to maintaining world peace and development and promoting the building of a community with a shared future for humanity, Li added.

    Noting that China is Ecuador’s second-largest trading partner, Noboa said the mutually beneficial cooperation between the two sides has been fruitful and has effectively enhanced the well-being of the Ecuadorian people.

    Ecuador is willing to have dialogues in various fields with China, deepen the friendship between the two countries, promote cooperation on trade, finance, agriculture, clean energy, infrastructure, and education, enhance people-to-people and cultural exchanges, and jointly address common challenges, Noboa said.

    MIL OSI China News –

  • MIL-OSI China: China to boost consumption with stronger financial support

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

    BEIJING, June 24 — China on Tuesday unveiled guidelines on ramping up financial support to effectively boost consumption.

    The guidelines, jointly issued by six state organs including the People’s Bank of China, outline multiple measures targeting key areas of consumption.

    The document calls for stronger financial support for both goods and services consumption.

    MIL OSI China News –

  • MIL-OSI Russia: Chinese Foreign Minister Meets Singapore Foreign Minister

    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, June 24 (Xinhua) — Chinese Foreign Minister Wang Yi met with Singaporean Foreign Minister Vivian Balakrishnan in Beijing on Tuesday.

    Wang Yi, also a member of the Politburo of the CPC Central Committee, said Chinese President Xi Jinping had just had a fruitful meeting with Singapore Prime Minister Lawrence Wong. He said China appreciated Singapore’s reaffirmation of the one-China principle and its unambiguous opposition to “Taiwan independence.”

    China is willing to use the 35th anniversary of the establishment of diplomatic relations between China and Singapore as an opportunity to advance the implementation of the important agreements reached by the leaders of the two countries and the results of this visit, Wang added.

    V. Balakrishnan, in turn, said that Singapore is ready to work with China, guided by a forward-looking strategic vision, to seize the opportunities offered by the development of new technologies and deepen cooperation in various areas such as the economy, trade, investment and connectivity. Singapore, together with other ASEAN countries and China, will adhere to the principles of openness and inclusiveness, and also defend multilateralism, he concluded. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Hungary to oppose Ukraine’s integration into NATO and EU at key summits – V. Orban

    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

    BUDAPEST, June 24 (Xinhua) — Hungary will try to block Ukraine’s integration into NATO and the EU at key summits of the two Western blocs this week, Prime Minister Viktor Orban said on social media on Monday.

    He said Hungary was seeking to prevent the establishment of institutional links between Ukraine and the two associations that could lead to conflict and financial instability in the region.

    Orban described Ukraine’s potential membership in NATO as an “immediate and direct threat” due to the alliance’s collective defense commitments. Ukraine’s accession to the EU, he added, would pose a “constant and indirect threat” that could intensify at any time.

    According to the Prime Minister, Ukraine’s membership in the European Union could have a negative impact on Hungary’s economy, harming the interests of farmers, leading to a decrease in wages, depriving Hungarian citizens of jobs and diverting funds from Hungary to Ukrainian needs.

    Hungary will confidently overcome “stormy waters” with the help of experience and strength, V. Orban commented on the upcoming NATO and EU summits, which will be held this week in The Hague and Brussels, respectively. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China to boost consumption with increased financial support

    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, June 24 (Xinhua) — China on Tuesday released guidelines to increase financial support to effectively boost consumption.

    The document, jointly issued by six government bodies including the People’s Bank of China (PBOC, the central bank), outlines a series of measures aimed at key areas of consumption.

    The document calls for increased financial support for the consumption of both goods and services. -0-

    MIL OSI Russia News –

  • MIL-OSI USA: U.S. International Transactions, 1st Quarter 2025 and Annual Update

    Source: US Bureau of Economic Analysis

    Current-Account Deficit Widened by 44.3 Percent in the First Quarter

    Current-Account Balance (Table 1 and Chart 1)

    The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion (table A).

    The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.

    The $138.2 billion widening of the current-account deficit in the first quarter mostly reflected an expanded deficit on goods.

    Current-Account Transactions (tables 1–5 and chart 2)

    Exports of goods and services to, and income received from, foreign residents decreased $3.9 billion to $1.24 trillion in the first quarter. Imports of goods and services from, and income paid to, foreign residents increased $134.3 billion to $1.69 trillion.1

    Trade in goods (table 2)

    Exports of goods increased $21.1 billion to $539.0 billion, and imports of goods increased $158.2 billion to $1.00 trillion. The increase in exports was led by capital goods, mainly civilian aircraft and computer accessories, peripherals, and parts. The increase in imports was led by nonmonetary gold and consumer goods, mostly medicinal, dental, and pharmaceutical products (see “Additional Information” for a definition of nonmonetary gold under “Goods”).

    Trade in services (table 3)

    Exports of services decreased $4.4 billion to $293.2 billion, reflecting decreases in government goods and services, mostly military units and agencies, in travel, mostly “other personal travel,” and in “other business services,” mainly professional and management consulting services. These decreases were partly offset by an increase in maintenance and repair services. Imports of services decreased $1.8 billion to $217.8 billion, reflecting a decrease in charges for the use of intellectual property, mostly licenses for the use of outcomes of research and development.

    Primary income (table 4)

    Receipts of primary income decreased $22.9 billion to $355.1 billion, and payments of primary income decreased $13.7 billion to $362.7 billion. The decreases in both receipts and payments reflected a decrease in direct investment income, mostly earnings.

    Secondary income (table 5)

    Receipts of secondary income increased $2.3 billion to $49.6 billion, reflecting an increase in private transfers, primarily fines and penalties. Payments of secondary income decreased $8.4 billion to $101.5 billion, reflecting a decrease in general government transfers, primarily international cooperation.

    Capital-Account Transactions (table 1)

    Capital-transfer receipts decreased $2.4 billion to $8.9 billion in the first quarter. The decrease reflected first-quarter receipts from foreign insurance companies for losses resulting from wildfires in Southern California that were lower than fourth-quarter receipts for losses resulting from Hurricane Milton. For information on transactions associated with hurricanes and other disasters, see “How do losses recovered from foreign insurance companies following natural or man-made disasters affect foreign transactions, the current account balance, and net lending or net borrowing?”. Capital-transfer payments increased $0.5 billion to $2.0 billion.

    Financial-Account Transactions (tables 1, 6, 7, and 8 and chart 3)

    Net financial-account transactions were −$299.5 billion in the first quarter, reflecting net U.S. borrowing from foreign residents.

    Financial assets (tables 1, 6, 7, and 8)

    First-quarter transactions increased U.S. residents’ foreign financial assets by $524.9 billion. Transactions increased “other investment assets,” mostly short-term loans, by $328.2 billion; portfolio investment assets, mostly debt securities, by $128.4 billion; direct investment assets, mostly equity, by $66.8 billion; and reserve assets by $1.5 billion.

    Liabilities (tables 1, 6, 7, and 8)

    First-quarter transactions increased U.S. liabilities to foreign residents by $843.7 billion. Transactions increased portfolio investment liabilities, mostly long-term debt securities, by $429.9 billion; “other investment liabilities,” mainly short-term deposits and loans, by $358.9 billion; and direct investment liabilities, mostly equity, by $54.9 billion.

    Financial derivatives (table 1)

    Net transactions in financial derivatives were $19.3 billion in the first quarter, reflecting net U.S. lending to foreign residents.

      

    Table A. Updates to Fourth-Quarter 2024 International Transactions Accounts Balances

    [Billions of dollars, seasonally adjusted]
      Preliminary estimates Revised estimates
    Current-account balance –303.9 −312.0
        Goods balance −326.1 −328.9
        Services balance 76.1 78.0
        Primary income balance 2.3 1.6
        Secondary income balance −56.2 −62.6
    Net financial-account transactions −385.3 −350.8
    U.S. Bureau of Economic Analysis

    Annual Update of the U.S. International Transactions Accounts

    The statistics in this release reflect the annual update of the U.S. International Transactions Accounts. With this update, BEA has incorporated newly available and revised source data and recalculated seasonal and trading-day adjustments beginning with 2018. This annual update also reflects the incorporation of (1) BEA’s 2022 Benchmark Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons, (2) a new balance of payments adjustment to exports of goods to redistribute estimates for late receipts for Canada from “other goods” to detailed commodities, (3) a new method for estimating other investment assets and other investment liabilities transactions by maturity, and (4) new statistics for transactions, income, and positions related to a repurchase agreement facility for foreign and international monetary authorities. A summary of the revisions to high-level aggregates is shown in table 9.

    Table B. Newly Available and Revised Source Data: Key Providers and Years Affected

    Agency Data Years affected
    U.S. Bureau of Economic Analysis Quarterly and benchmark international trade in services surveys 2018–2024
    Annual and quarterly direct investment surveys 2022–2024
    U.S. Census Bureau Revised source data for international trade in goods 2022–2024
    U.S. Department of the Treasury Quarterly and monthly portfolio and other investment surveys 2022–2024
    Benchmark and quarterly portfolio investment surveys 2023–2024
    U.S. Bureau of Economic Analysis

    More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business. Additional information will be provided in the Survey in July 2025. U.S. International Economic Accounts: Concepts and Methods will be updated in September 2025 accordingly.

    For resources, definitions, and more, visit “Additional Information.”

    Next release: September 23, 2025, at 8:30 a.m. EDT
    U.S. International Transactions, 2nd Quarter 2025

    1 U.S. international transactions are presented in current dollars in accordance with international statistical presentation guidelines. For a comparison of current-dollar, or nominal, and inflation-adjusted, or real, measures of international transactions, see “SECTION 4 – FOREIGN TRANSACTIONS” of the National Income and Product Accounts.

    MIL OSI USA News –

  • MIL-OSI USA: U.S. International Transactions, 1st Quarter 2025 and Annual Update

    Source: US Bureau of Economic Analysis

    Current-Account Deficit Widened by 44.3 Percent in the First Quarter

    Current-Account Balance (Table 1 and Chart 1)

    The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion (table A).

    The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.

    The $138.2 billion widening of the current-account deficit in the first quarter mostly reflected an expanded deficit on goods.

    Current-Account Transactions (tables 1–5 and chart 2)

    Exports of goods and services to, and income received from, foreign residents decreased $3.9 billion to $1.24 trillion in the first quarter. Imports of goods and services from, and income paid to, foreign residents increased $134.3 billion to $1.69 trillion.1

    Trade in goods (table 2)

    Exports of goods increased $21.1 billion to $539.0 billion, and imports of goods increased $158.2 billion to $1.00 trillion. The increase in exports was led by capital goods, mainly civilian aircraft and computer accessories, peripherals, and parts. The increase in imports was led by nonmonetary gold and consumer goods, mostly medicinal, dental, and pharmaceutical products (see “Additional Information” for a definition of nonmonetary gold under “Goods”).

    Trade in services (table 3)

    Exports of services decreased $4.4 billion to $293.2 billion, reflecting decreases in government goods and services, mostly military units and agencies, in travel, mostly “other personal travel,” and in “other business services,” mainly professional and management consulting services. These decreases were partly offset by an increase in maintenance and repair services. Imports of services decreased $1.8 billion to $217.8 billion, reflecting a decrease in charges for the use of intellectual property, mostly licenses for the use of outcomes of research and development.

    Primary income (table 4)

    Receipts of primary income decreased $22.9 billion to $355.1 billion, and payments of primary income decreased $13.7 billion to $362.7 billion. The decreases in both receipts and payments reflected a decrease in direct investment income, mostly earnings.

    Secondary income (table 5)

    Receipts of secondary income increased $2.3 billion to $49.6 billion, reflecting an increase in private transfers, primarily fines and penalties. Payments of secondary income decreased $8.4 billion to $101.5 billion, reflecting a decrease in general government transfers, primarily international cooperation.

    Capital-Account Transactions (table 1)

    Capital-transfer receipts decreased $2.4 billion to $8.9 billion in the first quarter. The decrease reflected first-quarter receipts from foreign insurance companies for losses resulting from wildfires in Southern California that were lower than fourth-quarter receipts for losses resulting from Hurricane Milton. For information on transactions associated with hurricanes and other disasters, see “How do losses recovered from foreign insurance companies following natural or man-made disasters affect foreign transactions, the current account balance, and net lending or net borrowing?”. Capital-transfer payments increased $0.5 billion to $2.0 billion.

    Financial-Account Transactions (tables 1, 6, 7, and 8 and chart 3)

    Net financial-account transactions were −$299.5 billion in the first quarter, reflecting net U.S. borrowing from foreign residents.

    Financial assets (tables 1, 6, 7, and 8)

    First-quarter transactions increased U.S. residents’ foreign financial assets by $524.9 billion. Transactions increased “other investment assets,” mostly short-term loans, by $328.2 billion; portfolio investment assets, mostly debt securities, by $128.4 billion; direct investment assets, mostly equity, by $66.8 billion; and reserve assets by $1.5 billion.

    Liabilities (tables 1, 6, 7, and 8)

    First-quarter transactions increased U.S. liabilities to foreign residents by $843.7 billion. Transactions increased portfolio investment liabilities, mostly long-term debt securities, by $429.9 billion; “other investment liabilities,” mainly short-term deposits and loans, by $358.9 billion; and direct investment liabilities, mostly equity, by $54.9 billion.

    Financial derivatives (table 1)

    Net transactions in financial derivatives were $19.3 billion in the first quarter, reflecting net U.S. lending to foreign residents.

      

    Table A. Updates to Fourth-Quarter 2024 International Transactions Accounts Balances

    [Billions of dollars, seasonally adjusted]
      Preliminary estimates Revised estimates
    Current-account balance –303.9 −312.0
        Goods balance −326.1 −328.9
        Services balance 76.1 78.0
        Primary income balance 2.3 1.6
        Secondary income balance −56.2 −62.6
    Net financial-account transactions −385.3 −350.8
    U.S. Bureau of Economic Analysis

    Annual Update of the U.S. International Transactions Accounts

    The statistics in this release reflect the annual update of the U.S. International Transactions Accounts. With this update, BEA has incorporated newly available and revised source data and recalculated seasonal and trading-day adjustments beginning with 2018. This annual update also reflects the incorporation of (1) BEA’s 2022 Benchmark Survey of Transactions in Selected Services and Intellectual Property With Foreign Persons, (2) a new balance of payments adjustment to exports of goods to redistribute estimates for late receipts for Canada from “other goods” to detailed commodities, (3) a new method for estimating other investment assets and other investment liabilities transactions by maturity, and (4) new statistics for transactions, income, and positions related to a repurchase agreement facility for foreign and international monetary authorities. A summary of the revisions to high-level aggregates is shown in table 9.

    Table B. Newly Available and Revised Source Data: Key Providers and Years Affected

    Agency Data Years affected
    U.S. Bureau of Economic Analysis Quarterly and benchmark international trade in services surveys 2018–2024
    Annual and quarterly direct investment surveys 2022–2024
    U.S. Census Bureau Revised source data for international trade in goods 2022–2024
    U.S. Department of the Treasury Quarterly and monthly portfolio and other investment surveys 2022–2024
    Benchmark and quarterly portfolio investment surveys 2023–2024
    U.S. Bureau of Economic Analysis

    More information on the annual update is available in “Preview of the 2025 Annual Update of the International Economic Accounts” in the Survey of Current Business. Additional information will be provided in the Survey in July 2025. U.S. International Economic Accounts: Concepts and Methods will be updated in September 2025 accordingly.

    For resources, definitions, and more, visit “Additional Information.”

    Next release: September 23, 2025, at 8:30 a.m. EDT
    U.S. International Transactions, 2nd Quarter 2025

    1 U.S. international transactions are presented in current dollars in accordance with international statistical presentation guidelines. For a comparison of current-dollar, or nominal, and inflation-adjusted, or real, measures of international transactions, see “SECTION 4 – FOREIGN TRANSACTIONS” of the National Income and Product Accounts.

    MIL OSI USA News –

  • MIL-OSI USA: UConn Hartford Receives $500,000 from The Hartford to Support Student Housing Scholarships

    Source: US State of Connecticut

    The UConn Foundation has received a $500,000 gift from The Hartford to provide housing scholarships for students in a new residence hall on Pratt Street in Hartford, set to open in fall 2026.

    The gift underscores The Hartford’s commitment to making education accessible and affordable for local students. The scholarships will help ensure that students with financial need can access the new apartment-style housing, which will accommodate 200 students and mark a new chapter in UConn Hartford’s growth.

    “I am deeply grateful to The Hartford for their generous gift to the UConn Hartford residence hall,” says Mark Overmyer-Velázquez, UConn Hartford’s campus dean and chief administrative officer. “This investment in our students is also an investment in Hartford’s future. Together we are helping to create a more vibrant, dynamic downtown where students can live, learn, and contribute to the city’s growth.”

    The University is currently transforming a former law office at 64 Pratt Street into a vibrant residential space, creating a community-focused living experience for qualified students in the heart of Hartford.

    “We are proud to continue our partnership with UConn Hartford – an institution that shares our commitment to the city we call home,” says The Hartford’s Chief Marketing and Communications Officer Claire Burns. “By supporting housing scholarships for students, we are removing financial barriers and providing students with greater access to opportunities. This gift not only supports students in their academic journey but also contributes to a more active and connected community.”

    This is The Hartford’s second major gift to UConn in recent years. In 2021, the insurance company gave $1 million to create The Hartford Scholars Program, which provided financial support and mentoring for 50 UConn Hartford students.

    The student housing support will help address a pressing need on the Hartford campus, where about 86 percent of students received some form of financial aid last year. Approximately 58 percent received federal Pell Grants, which are awarded to the neediest students.

    In a survey, about 70% of UConn Hartford students said they would like student housing, but it would need to be affordable since many live with their parents.

    UConn’s presence in Hartford continues to grow as the University deepens its ties with the capital city. This fall, the University will open a new café in the downtown campus in the former Hartford Times building. UConn also recently opened a research center near PeoplesBank Arena, formerly known as the XL Center.

    Support the Hartford Residential Scholars Enhancement Fund.

    MIL OSI USA News –

  • MIL-OSI: Volta Finance Limited – Net Asset Value(s) as at 31 May 2025

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA / VTAS)
    May 2025 monthly report

    NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

    Guernsey, June 24, 2025

    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for May 2025. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

    Performance and Portfolio Activity

    Dear Investors,

    In May, Volta Finance’s net performance reached +3.3% bringing the performance from August 2024 to date to +10.7%. Our investments in CLO Debt and CLO Equity recovered some of their post-liberation day volatility due to improved market sentiment.

    May saw a more positive macroeconomic environment, helping markets recover most of the losses from the previous month. The 90-day tariff rollback from Washington towards China signaled a pause in the U.S. Both European and US Equity markets rose sharply, while credit indices showed a V-shaped recovery. U.S. 30-year Treasury yields rose above 5% for the first time since October 2023 after Moody’s downgraded the U.S. credit rating. Although yields fell back later in the month, this jump reminded investors of ongoing worries about fiscal health.

    In terms of macroeconomic data, US inflation was encouraging as CPIs cooled to 2.3 % year-on-year while the euro-area inflation held at 2.2 %. Impacted by tariffs, the U.S. Q1 GDP contracted by an annualized 0.3 % due to pre-tariff stockpiling, while the Eurozone experienced growth of +0.3% quarter-on-quarter, supported by resilient demand in the Services industry. Labor markets also showed positive figures on both sides of the Atlantic, with the euro-area unemployment rate reaching a record-low of 6.2 % notably.

    Credit markets performed strongly in May. The European High Yield index (Xover) was around 50bps tighter and closed 300bps. On the Loan side, Euro Loans closed almost 1pt up at 97.80px (Morningstar European Leveraged Loan Index) while US Loans closed c. 1 pt up at 96.70px. The primary CLO markets were active again, with levels tightening across the capital structure, notably with BBs in the Mid +500bps. In terms of performance, US BBs total returned +3% on the month. For comparison, US High Yield returned +1.7% in the same period while Euro High Yield was down +1.3% and Global Loans up +1.5%.

    In terms of loan fundamentals, default rates remained steady at 4.4% in the US (including Liability Management Exercises) but we noticed an uptick in downgrades with 12% of B- exposures downgraded down to CCC category by S&P in the US loan market.

    Due to ongoing uncertainties, we consciously decided not to fully reinvest our 16% cash position at the end of April. We ended May with c.10% of Volta’s NAV in cash, with capital deployment into €10.7m of CLO debt tranches as well as into our 2 warehouses. Our European CLO warehouse was converted into an effective CLO Equity at the end of the month. In addition, Volta Finance’s cashflow generation remained stable at €28.1m equivalent in interests and coupons over the last six months, representing close to 21% of May’s NAV on an annualized basis.

    Over the month, Volta’s CLO Equity tranches returned +5.9%** while CLO Debt tranches returned +2.8% performance**. The dollar slipped to a six-week low against the Euro at $1.15 per Euro with very limited impact of our long dollar exposure in terms of performance (-0.02%). In this uncertain macroeconomic environment, we have kept our net long USD exposure at c.13% to limit the potential for margin calls.

    As of end of May 2025, Volta’s NAV was €271.8m, i.e. €7.43 per share.

    *It should be noted that approximately 0.24% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.17% as at 30 April 2025, 0.07% as at 31 March 2025.

    ** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

    CONTACTS

    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com        
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30        

    Company Secretary and Administrator
    BNP Paribas S.A, Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,800 professionals and €859 billion in assets under management as of the end of June 2024.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: FSB report confirms dire consequences of Protocol

    Source: Traditional Unionist Voice – Northern Ireland

    Statement from TUV leader Jim Allister:-

    “Today’s FSB report, “Windsor Framework Realities” confirms from an objective business standpoint the worsening economic consequences of the Irish Sea border – the very border some stooped to lies to try and pretend was gone!

    “The findings that 58% of those trading from GB to NI report impeding frictions and 34% of firms having stopped trading between GB and NI, confirms how much by design the Protocol is reorientating our economy away from its natural and essential GB alignment. When 78% of NI businesses responding to the FSB survey declare negative impacts from the Protocol, then if government cared anything for the integrity of the UK and its internal market, it would act.

    “When taken with the NISRA figures on trade diversion, it is clear we are long past the point when HMG should be acting under Article 16 of the Protocol. But, sadly, this government is so beholden to the EU that it will readily sacrifice NI business in favour of placating Brussels.

    “Things need not be as they are. There is a ready made solution in ‘mutual enforcement’, but Starmer and co care only about edging the whole UK back under Brussels’ control.”

    MIL OSI United Kingdom –

  • MIL-OSI: OptimizeRx Corporation Appoints CEO Steve Silvestro to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., June 24, 2025 (GLOBE NEWSWIRE) — OptimizeRx Corp. (the “Company”) (Nasdaq: OPRX), a leading provider of healthcare technology solutions helping life sciences companies reach and engage healthcare professionals (HCPs) and patients, today announced the appointment of Steve Silvestro, currently serving as the Company’s Chief Executive Officer, to its Board of Directors, effective as of June 20, 2025.

    Mr. Silvestro joined the Company in 2019 and has been the Company’s CEO since March 2025, after serving as the interim CEO from January 2025. The appointment of Mr. Silvestro, with his knowledge of the Company and expertise in the industry, will enhance overall leadership and greatly contribute to the Company’s ability to execute its value creation plans and support key initiatives to deliver on its customer and shareholder roadmap.

    “The Board of Directors has been impressed with Steve’s leadership and the meaningful progress the Company has made since he stepped into the CEO role,” said Lynn Vos, Chairperson of OptimizeRx’s Board of Directors. “The initiatives he and the leadership team have executed have significantly strengthened OptimizeRx’s position with customers and laid a solid foundation for sustained long-term shareholder value creation. We’re pleased to welcome Steve to the Board and look forward to his continued contributions as we work together to refine and advance the Company’s strategic direction.”

    “It’s truly an honor to have the trust of such an experienced Board and be able to lead a team that is focused on operational excellence and customer delight,” added Steve Silvestro. “I am excited with the direction OptimizeRx is headed and believe we’re firmly positioned for a strong 2025 and are building a solid foundation for continued growth and execution in 2026 and beyond. I’m excited to join the Company’s Board and look forward to continuing to partner with our team, strategic partners, and customers as we continue to drive the Company’s growth. Our focus will remain on delivering exceptional customer experiences, deepening our value proposition with pharmaceutical partners, accelerating our shift toward a recurring revenue model, and progressing toward Rule of 40 performance.”

    About Stephen L. Silvestro

    Steve Silvestro was appointed Chief Executive Officer in March 2025. He joined the Company as Chief Commercial Officer in April 2019 and has since served as President from October 2023 until his appointment as interim CEO in January 2025. Prior to joining the Company, Mr. Silvestro was with CCH® Tagetik, a Wolters Kluwer company that provides corporate performance management software solutions for planning, consolidation and reporting, as its Vice President and General Manager from January 2018 until April 2019. From April 2017 to January 2018, Mr. Silvestro was with Prognos Health, Inc., a healthcare data and analytics company, as its Chief Commercial Officer and, before that, from September 2007 to April 2017, he was with Decision Resources Group, a multi-national corporation that provides high value global data solutions, analytics and consulting services to pharmaceutical, biotech, medical device, healthcare provider and payer, and managed care companies, in various capacities with him last serving as Executive Vice President, Head of Global Sales.

    About OptimizeRx

    OptimizeRx is a leading healthcare technology company that’s redefining how life science brands connect with patients and healthcare providers. Our platform combines innovative AI-driven tools like the Dynamic Audience Activation Platform (DAAP) and Micro-Neighborhood Targeting (MNT) to deliver timely, relevant, and hyper-local engagement. By bridging the gap between HCP and DTC strategies, we empower brands to create synchronized marketing solutions that drive faster treatment decisions and improved patient outcomes.

    Our commitment to privacy-safe, patient-centric technology ensures that every interaction is designed to make a meaningful impact, delivering life-changing therapies to the right patients at the right time. Headquartered in Waltham, Massachusetts, OptimizeRx partners with some of the world’s leading pharmaceutical and life sciences companies to transform the healthcare landscape and create a healthier future for all.

    Important Cautions Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates”, “believes”, “estimates”, “expects”, “forecasts”, “intends”, “plans”, “projects”, “targets”, “designed”, “could”, “may”, “should”, “will” or other similar words and expressions are intended to identify these forward-looking statements. All statements in this press release that reflect the Company’s expectations, assumptions, projections, beliefs or opinions about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to OptimizeRx’s commitment to appointing directors who have perspectives, insights, experiences, and skills that expand the depth and breadth of the Board, executing the Company’s value creation plans, supporting key initiatives, advancing the Company’s strategic direction, delivering exceptional customer experiences, deepening the Company’s value proposition with pharmaceutical partners, accelerating the Company’s shift towards a recurring revenue model, progressing towards a Rule of 40 performance, and other statements relating to future performance, plans, and expectations. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions regarding the Company’s business, the economy, and other future conditions that may never materialize or may prove to be incorrect. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties including, but not limited to, the Company’s ability to identify and appoint a new independent director, the effect of government regulation, seasonal trends, dependence on a concentrated group of customers, cybersecurity incidents that could disrupt operations, the ability to keep pace with growing and evolving technology, the ability to maintain contracts with electronic prescription platforms and electronic health records networks, competition, and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and in other filings the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

    OptimizeRx Contact 

    Andy D’Silva, SVP Corporate Finance   
    adsilva@optimizerx.com
      
    Investor Relations Contact
    Steven Halper
    LifeSci Advisors, LLC
    shalper@lifesciadvisors.com

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Schedules Earnings Release and Conference Call for the Second Quarter Ending June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., June 24, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC”) today announced that it will release its financial results for the second quarter ending June 30, 2025 on Thursday, August 14th, 2025 before market open. Management will review AFC’s financial results at 10:00 am ET via webcast available on the Investor Relations section of AFC’s website found here AFC — Investor Relations. Participants are also invited to access the conference call by registering in advance at this link. A replay will be available one hour after the event.

    AFC distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here.

    About Advanced Flower Capital Inc.

    Advanced Flower Capital Inc. (Nasdaq: AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida. For additional information regarding AFC, please visit advancedflowercapital.com.

    Investor Relations Contact

    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    Media Contact

    Collected Strategies
    Jim Golden / Jack Kelleher
    AFCG-CS@collectedstrategies.com

    The MIL Network –

  • MIL-OSI: Giga‑markets365 Launches Enhanced Learning Hub with 200+ New Courses & Webinars

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 24, 2025 (GLOBE NEWSWIRE) — Giga‑markets365.com has launched a significantly enhanced version of its educational platform, introducing over 200 new courses, webinars, and training resources aimed at supporting users in navigating global financial markets. The update marks a major milestone in the company’s mission to promote financial literacy and improve decision-making through accessible, self-paced learning tools.

    The upgraded Learning Hub features multilingual content, expert-led webinars, and real-time market analysis sessions designed to cater to both beginner and advanced users. With financial literacy becoming increasingly critical in a digitally driven economy, Giga‑markets365’s expanded content library offers practical education across asset classes including forex, crypto, stocks, indices, and commodities.

    In addition to its on-demand video lessons, the platform now hosts weekly live sessions with professional traders and analysts, offering users interactive opportunities to engage with market movements and trading strategies in real time. Early participation metrics have shown a marked increase in user engagement, with thousands attending the first wave of webinars following the soft launch earlier this month.

    “The goal of the enhanced Learning Hub is to bridge the knowledge gap for individuals entering the financial space,” said a company representative. “We’re seeing demand from both mature and emerging markets for resources that are not only comprehensive but tailored to everyday users.”

    This educational expansion complements the platform’s broader strategy of accessibility and operational consistency. Giga‑markets365.com is already recognized for its user-centric tools, simplified navigation, and multilingual support, which have contributed to its strong user retention and positive review metrics globally.

    The company’s infrastructure continues to reflect a commitment to usability and transparency. Its integration of educational tools within the trading interface enables users to apply insights directly, reinforcing retention and real-world comprehension. The Learning Hub’s launch is being rolled out in stages across different time zones, with additional localized content scheduled for release throughout Q3 2025.

    Security and data privacy remain key components of the platform’s digital ecosystem. The Learning Hub, like other services offered by Giga‑markets365, operates within encrypted environments and aligns with international compliance standards to protect user activity and data integrity.

    As part of its educational rollout, Giga‑markets365.com plans to host a series of regional virtual events and panel discussions later this year, further strengthening its commitment to public financial empowerment and industry knowledge exchange.

    About Giga-markets365.com

    Giga‑markets365 is a global financial services platform offering users direct access to a wide range of markets, including forex, stocks, indices, commodities, and cryptocurrencies. Built on a foundation of operational reliability, simplified user tools, and multilingual support, the platform is designed to meet the needs of both new and experienced traders. With a focus on transparency, accessibility, and continuous education, Giga‑markets365 provides an integrated trading environment supported by real-time market data, secure infrastructure, and responsive user service. The company continues to expand its presence in both established and emerging markets through strategic platform enhancements and educational outreach.

    Company Details

    Company Name: Giga-markets365
    Email Address: media@giga-markets365.com
    Company Address: 1 Clement’s Inn, London WC2A 2AZ, United kingdom.
    Company Website: https://giga-markets365.com

    Disclaimer: This press release is provided by Giga-markets365. The statements, views, and opinions expressed are solely those of the provider and do not necessarily reflect those of this media platform or its publisher. Any names or brands mentioned are used for identification purposes only and remain the property of their respective owners. No endorsement or guarantee is made regarding the accuracy, completeness, or reliability of the information presented. This material is for informational purposes only and does not constitute financial, legal, or professional advice. Readers are encouraged to conduct independent research and consult qualified professionals. The publisher is not liable for any losses, damages, or legal issues arising from the use or publication of this content.

    The MIL Network –

  • MIL-OSI: Lantronix Named the 2025 Industrial IoT Company of the Year by Leading Market Research Firm CompassIntel

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., June 24, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that Lantronix has been named the 2025 Industrial IoT Company of the Year by CompassIntel, a leading market research and advisory firm specializing in metrics-driven market intelligence and insights for the mobile, IoT and high-tech industries.

    The 13th annual CompassIntel Awards honor companies, vendors and organizations that have demonstrated innovation, leadership, disruption and excellence in the mobile, IoT, business tech and emergency technology industries. Winners were chosen by a panel of industry-leading press, editors, journalists, thought leaders and analysts.

    “We are honored to receive the 2025 Industrial IoT Company of the Year Award from CompassIntel. At Lantronix, we are dedicated to driving innovation and accelerating our customers’ success by equipping them with cutting-edge IoT technologies and services that propel them into the future,” said Saleel Awsare, CEO and president of Lantronix Inc. “Our long-term partnership with Qualcomm and other key industry leaders allows us to create and deliver groundbreaking IoT solutions, enabling our customers to leverage the power of Edge AI Intelligence.”

    “As we celebrate the 13th Annual CompassIntel Awards, we honor the trailblazers and visionaries shaping the future of technology and innovation. These recipients, including Lantronix, represent the best in their fields, pushing boundaries and driving transformation across industries,” said Stephanie Atkinson, CEO & founder of Compass Intelligence.

    About Compass Intelligence

    Compass Intelligence is a market research and advisory firm specializing in metrics-driven market intelligence and insights for the mobile, IoT, and high-tech industries serving tech clients for more than 17 years. Compass Intelligence provides executive insights, market sizing/forecasting and modeling, competitive analysis, strategic consulting, advisory services, trending analysis, and survey research services. Compass Intelligence helps guide strategic business decisions and supports in the success of our clients through delivering content engagement, go to market planning, competitive positioning, and strategic advisory. For more information, please visit https://www.compassintel.com.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    Lantronix Media Contact:        

    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

  • MIL-OSI: Red White & Bloom Brands Announces New Date for Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) announces that its Annual General Meeting (“AGM”), originally scheduled for Friday, June 27, 2025, has been rescheduled to Friday, July 11, 2025. The change will allow for the completion and filing of the Company’s audited financial statements and accompanying management discussion and analysis for the year-ended December 31, 2024, both of which will be presented at the AGM. The change to the annual general meeting date is permissible in accordance with the record date established for the AGM.

    The AGM will be held at the same time and location as indicated in the proxy materials mailed to shareholders on May 28, 2025, which remain available on SEDAR+ at www.sedarplus.ca and on the Company’s website at: https://ir.redwhitebloom.com/news-events/ir-calendar.

    Voting remains open and shareholders may cast their votes until 8:00 am Pacific Time on Wednesday, July 9, 2025. The Company confirms that no new proxy materials will be issued in connection with the rescheduled AGM, and that the previously distributed proxy materials remain valid for use at the rescheduled meeting.

    About Red White & Bloom Brands Inc.

    Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and internationally. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

    Red White & Bloom Brands Inc.
    Investor and Media Relations
    Edoardo Mattei, CFO
    IR@RedWhiteBloom.com
    947-225-0503

    Visit us on the web: https://www.redwhitebloom.com/.

    Follow us on social media:

    Twitter @rwbbrands

    Facebook @redwhitebloombrands

    Instagram @redwhitebloombrands

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

    FORWARD LOOKING INFORMATION

    Certain information contained in this news release may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

    Forward-looking statements in this release include, without limitation, statements regarding the rescheduled date of the AGM, the anticipated completion and filing of the Company’s audited financial statements and accompanying management’s discussion and analysis, and the timing of shareholder voting.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, delays in the preparation or filing of financial statements; the ability to meet regulatory and stock exchange requirements; market conditions; and other risks relating to the Company’s business and financial condition.

    There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

    The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The MIL Network –

  • MIL-OSI: Red White & Bloom Brands Announces New Date for Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) announces that its Annual General Meeting (“AGM”), originally scheduled for Friday, June 27, 2025, has been rescheduled to Friday, July 11, 2025. The change will allow for the completion and filing of the Company’s audited financial statements and accompanying management discussion and analysis for the year-ended December 31, 2024, both of which will be presented at the AGM. The change to the annual general meeting date is permissible in accordance with the record date established for the AGM.

    The AGM will be held at the same time and location as indicated in the proxy materials mailed to shareholders on May 28, 2025, which remain available on SEDAR+ at www.sedarplus.ca and on the Company’s website at: https://ir.redwhitebloom.com/news-events/ir-calendar.

    Voting remains open and shareholders may cast their votes until 8:00 am Pacific Time on Wednesday, July 9, 2025. The Company confirms that no new proxy materials will be issued in connection with the rescheduled AGM, and that the previously distributed proxy materials remain valid for use at the rescheduled meeting.

    About Red White & Bloom Brands Inc.

    Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and internationally. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

    Red White & Bloom Brands Inc.
    Investor and Media Relations
    Edoardo Mattei, CFO
    IR@RedWhiteBloom.com
    947-225-0503

    Visit us on the web: https://www.redwhitebloom.com/.

    Follow us on social media:

    Twitter @rwbbrands

    Facebook @redwhitebloombrands

    Instagram @redwhitebloombrands

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

    FORWARD LOOKING INFORMATION

    Certain information contained in this news release may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

    Forward-looking statements in this release include, without limitation, statements regarding the rescheduled date of the AGM, the anticipated completion and filing of the Company’s audited financial statements and accompanying management’s discussion and analysis, and the timing of shareholder voting.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, delays in the preparation or filing of financial statements; the ability to meet regulatory and stock exchange requirements; market conditions; and other risks relating to the Company’s business and financial condition.

    There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

    The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The MIL Network –

  • MIL-OSI: Royalty Pharma and Revolution Medicines Enter Into Funding Agreements for Up to $2 Billion

    Source: GlobeNewswire (MIL-OSI)

    • Up to $1.25 billion ($250 million upfront) of synthetic royalty funding and up to $750 million in secured debt
    • Innovative partnership enables Revolution Medicines to retain control over pipeline development and global commercialization of daraxonrasib
    • Highlights Royalty Pharma’s unique ability to provide capital at scale to help leading companies achieve their strategic goals
    • Daraxonrasib, in Phase 3 development for pancreatic cancer and non-small cell lung cancer, would be the first targeted therapy to inhibit all major forms of RAS, one of the most common drivers of human cancers

    NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced a $2 billion funding arrangement with Revolution Medicines, consisting of a synthetic royalty of up to $1.25 billion on daraxonrasib and a senior secured loan of up to $750 million. These funds will support Revolution Medicines’ plans for global development and commercialization of daraxonrasib and its pipeline programs for patients with RAS-addicted cancers.

    “We are excited to announce today a groundbreaking partnership that provides Revolution Medicines with up to $2 billion of long-term capital through a customized funding solution that facilitates the expansive development and global commercialization of its leading RAS(ON) inhibitor portfolio,” said Pablo Legorreta, founder and Chief Executive Officer of Royalty Pharma. “This partnership exemplifies a new funding paradigm for highly innovative biotech companies. In contrast to a conventional pharma partnership, this large scale and flexible funding agreement enables Revolution Medicines to retain control of the clinical development of daraxonrasib, as well as the ability to capture significant value creation that would result from the successful clinical development and commercialization of its pipeline.”

    “Today’s announcement represents a major boost to our bold vision on behalf of patients with RAS-addicted cancers,” said Mark A. Goldsmith M.D., Ph.D., Chief Executive Officer and Chairman of Revolution Medicines. “This funding agreement significantly increases the financial resources we can deploy while preserving optionality as we scale our operations to create the industry-leading global targeted medicines franchise for patients with RAS-addicted cancers based on our highly differentiated RAS(ON) inhibitor portfolio.”

    Daraxonrasib, a RAS(ON) multi-selective inhibitor, is a potential practice-changing medicine in Phase 3 development for RAS mutant pancreatic canceri and non-small cell lung cancer (NSCLC). RAS is one of the most commonly mutated genes in human cancer. There are currently no approved targeted therapies that broadly target RAS for these cancers. In the United States, approximately 56,000 patients are diagnosed with RAS-driven pancreatic cancer annually, while approximately 60,000 patients are diagnosed with RAS-driven NSCLC annually. Revolution Medicines expects Phase 3 results for daraxonrasib in pancreatic cancer in 2026 and the Phase 3 NSCLC study is currently enrolling patients.   

    Royalty Terms

    Royalty Pharma will provide up to $1.25 billion in exchange for a synthetic royalty on annual worldwide net sales of daraxonrasib (and zoldonrasib if approved in an overlapping daraxonrasib indication). Details on the terms of the royalty agreement are shown in the table below.

    Royalty terms Tranche 1 Tranche 2 Tranche 3(1) Tranche 4(1) Tranche 5(1) Total
    Amount $250m $250m Up to $250m Up to $250m Up to $250m $1.25 bn
    Timing Immediate Positive data
    (RASolute 302)    		 FDA approval in 2L pancreatic cancer Sales milestone achievement Positive Phase 3 data in 1L pancreatic cancer –
    Draw Required Required Revolution Medicines option Revolution Medicines option Revolution Medicines option –
    Annual sales: Royalty tiers: Royalty tiers: Royalty tiers: Royalty tiers: Royalty tiers: Royalty tiers:
    $0-2 bn
    $2-$4 bn
    $4-$8 bn    		 2.55%(2)
    1.50%
    0.60%    		 2.00%(2)
    1.00%
    0.40%    		 1.50%
    0.80%
    0.40%    		 1.00%
    0.75%
    0.50%    		 0.75%
    0.50%
    0.50%    		 7.80%(2)
    4.55%
    2.40%

    FDA: Food and Drug Administration; 1L: first-line; 2L: second-line
    1 Royalty rates will be adjusted pro-rata depending on draw amount.
    2 The royalty rate on annual sales of $0-2 billion may increase from 2030 to 2041 in the event that sales in the immediate prior year are below an agreed-upon threshold

    Term Loan

    Royalty Pharma will provide a senior secured term loan of up to $750 million at SOFR plus 5.75% (3.5% SOFR floor) which matures six years after the first tranche of $250 million is drawn. The first tranche must be drawn following U.S. Food and Drug Administration approval of daraxonrasib for metastatic pancreatic cancer. The two additional $250 million tranches are available at Revolution Medicines’ option based on the achievement of certain annual net sales milestones for daraxonrasib. Royalty Pharma retains the flexibility to syndicate all or a portion of this loan with other investors.

    Advisors

    Goodwin Procter and Maiwald acted as legal advisors to Royalty Pharma. Latham & Watkins acted as legal advisor and TD Securities acted as financial advisor to Revolution Medicines.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 15 development-stage product candidates.

    Forward-Looking Statements

    The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this document unless stated otherwise, and neither the delivery of this document at any time, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof. This document contains statements that constitute “forward-looking statements” as that term is defined in the United States Private Securities Litigation Reform Act of 1995, including statements that express the company’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results, in contrast with statements that reflect historical facts. Examples include discussion of Royalty Pharma’s strategies, financing plans, growth opportunities, market growth, and plans for capital deployment. In some cases, you can identify such forward-looking statements by terminology such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “target,” “forecast,” “guidance,” “goal,” “predicts,” “project,” “potential” or “continue,” the negative of these terms or similar expressions. Forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to the company. However, these forward-looking statements are not a guarantee of Royalty Pharma’s performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances, and other factors. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of Royalty Pharma’s control and could cause its actual results to differ materially from those it thought would occur. The forward-looking statements included in this document are made only as of the date hereof. Royalty Pharma does not undertake, and specifically declines, any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect future events or developments, except as required by law. For further information, please reference Royalty Pharma’s reports and documents filed with the U.S. Securities and Exchange Commission (“SEC”) by visiting EDGAR on the SEC’s website at www.sec.gov.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    _______________________
    i Pancreatic adenocarcinoma (PDAC)

    The MIL Network –

  • MIL-OSI: Array Technologies Announces Proposed Private Offering of $250 Million of New Convertible Senior Notes

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) — Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “ARRAY”) today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). ARRAY also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $37.5 million aggregate principal amount of Notes.

    The Notes will be senior, unsecured obligations of ARRAY, and will accrue interest payable semiannually in arrears. ARRAY will settle conversions by paying cash up to the aggregate principal amount of the Notes to be converted and paying or delivering, as the case may be, cash, shares of ARRAY’s common stock or a combination of cash and shares of ARRAY’s common stock, at ARRAY’s election, in respect of the remainder, if any, of ARRAY’s conversion obligation in excess of the aggregate principal amount of the Notes being converted, based on the then applicable conversion rate.

    The interest rate, the initial conversion rate and certain other terms of the Notes will be determined at the time of pricing of the Offering.

    ARRAY intends to use the net proceeds from the Offering (i) to repay $150 million of the outstanding indebtedness under its term loan facility, (ii) to fund the costs of the capped call transactions described below and (iii) the remainder, if any, for general corporate purposes, which may include additional repayments or repurchases of outstanding indebtedness, including any repurchases of the Existing Convertible Notes (as defined below). If the initial purchasers exercise their option to purchase additional Notes, ARRAY expects to use a portion of the net proceeds from the sale of the additional Notes to enter into additional capped call transactions.    

    In connection with the pricing of the Notes, ARRAY expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the Notes or their respective affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions will cover, subject to anti-dilution adjustments, the number of shares of ARRAY’s common stock initially underlying the Notes sold in the Offering. The capped call transactions are expected generally to reduce potential dilution to ARRAY’s common stock upon conversion of any Notes and/or offset any cash payments ARRAY is required to make in excess of the principal amount of converted Notes, as the case may be, with such reduction and/or offset subject to a cap.

    ARRAY has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to purchase shares of ARRAY’s common stock and/or enter into various derivative transactions with respect to ARRAY’s common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of ARRAY’s common stock or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to ARRAY’s common stock and/or purchasing or selling ARRAY’s common stock or other securities of ARRAY in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of Notes or following any repurchase of Notes in connection with any “fundamental change” (as defined in the indenture for the Notes) and (y) following any other repurchase of Notes if ARRAY elects to unwind a portion of the capped call transactions in connection with such repurchase). This activity could also cause or avoid an increase or decrease in the market price of ARRAY’s common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Notes.

    In connection with the pricing of the Notes, ARRAY may enter into one or more separate and individually negotiated transactions with one or more holders of ARRAY’s 1.00% Convertible Senior Notes due 2028 (the “Existing Convertible Notes”) to repurchase for cash a portion of the outstanding Existing Convertible Notes, on terms to be negotiated with each holder, using a portion of the net proceeds from the Offering. No assurance can be given as to how much, if any, of the Existing Convertible Notes will be repurchased or the terms on which they will be repurchased. Holders of any Existing Convertible Notes that are repurchased as described above may enter into or unwind various derivatives with respect to ARRAY’s common stock (including entering into derivatives with one or more of the initial purchasers in the Offering or their respective affiliates) and/or purchase or sell shares of ARRAY’s common stock, which may occur concurrently with or shortly after the pricing of the Notes.

    Neither the Notes nor the shares of ARRAY’s common stock potentially issuable upon conversion of the Notes, if any, have been, or will be, registered under the Securities Act, the securities laws of any other jurisdiction or any state securities laws and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act. This news release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale is unlawful. No assurance can be made that the Offering will be consummated on its proposed terms or at all.

    About Array Technologies, Inc.

    ARRAY Technologies, Inc. (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY’s high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to ARRAY’s customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology – relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world.

    Media Contact:
    Nicole Stewart
    505-589-8257
    nicole.stewart@arraytechinc.com

    Investor Relations Contact:
    ARRAY Technologies, Inc.

    Investor Relations
    investors@arraytechinc.com

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the anticipated terms of the Notes, the completion, timing and size of the Offering and capped call transactions, the anticipated effects of entering into the capped call transactions, and the intended use of the net proceeds from the Offering, any Existing Convertible Notes repurchases and the anticipated effects thereof. Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company’s control) that could cause actual results to differ materially from those set forth in the forward looking statements, including risks and uncertainties associated with market conditions, including market interest rates, the trading price and volatility of ARRAY’s common stock, and risks relating to this Offering, the Company’s business and operations and results of financing efforts, including those described in more detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and subsequent reports and other documents on file with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release. Except as required by law, the Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

    The MIL Network –

  • MIL-OSI Economics: Next-generation monetary and financial system takes shape, based on a tokenised unified ledger: BIS

    Source: Bank for International Settlements

    • Building on the proposal for a unified ledger, the “trilogy” of tokenised central bank reserves, commercial bank money and government bonds is the next logical step to deliver profound change for the financial system.
    • Tokenisation can enhance efficiency and open new possibilities in cross-border payments, securities markets and beyond, while maintaining the key principles of sound money: singleness, elasticity and integrity.
    • Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary sovereignty.

    A tokenised unified ledger incorporating central bank money, commercial bank deposits and government bonds will lay the foundations of a tokenised monetary and financial system based on the time-tested principles of sound money, the Bank for International Settlements said today, as it called on central banks and public authorities to pave the way for this next phase.

    A special chapter of the BIS’s Annual Economic Report 2025 builds on the principles of the unified ledger by laying out a more detailed blueprint for how this concept can combine the “trilogy” of tokenised central bank reserves, tokenised commercial bank money and tokenised government bonds, while maintaining the core elements of a sound monetary system based on trust in central bank money.

    Tokenisation – the digital representation of assets on programmable platforms – integrates messaging, reconciliation and settlement into a single seamless operation, and can transform cross-border payments and securities markets, ushering in a new era for the financial system.

    Tokenisation of deposits and central bank money means that both the primary means of payment as well as the settlement function of central bank money can be integrated seamlessly on the same programmable platform. It has the potential to transform securities markets and its application to correspondent banking is especially promising.

    Hyun Song Shin, Economic Adviser and Head of the Monetary and Economic Department

    While stablecoins may eventually play a subsidiary role in the hinterland of the financial system if adequately regulated, they do not deliver singleness of money (acceptance for payment at par), elasticity (timely discharge of obligations, preventing gridlock) and integrity (safeguarding against financial crime). Therefore, besides acting as a gateway to the crypto ecosystem, their future role is unclear.

    The next-generation monetary and financial system combines the time-tested principles of trust in money underpinned by central banks with the functionality unlocked by tokenisation. This system is poised to deliver substantial improvements to current practices and to enable entirely new economic arrangements. Realising the full potential of the system requires bold actions by central banks, which need to work in partnership with the private sector and other public authorities.

    Agustín Carstens, General Manager

    The BIS and central banks are already driving this vision with Project Agorá, a collaboration led by the BIS with seven central banks and 43 private sector institutions.

    The BIS is not just theorising, it is working with central banks to test and develop tokenisation as the backbone of the future monetary and financial system. The BIS Innovation Hub’s Project Agorá harnesses tokenisation to improve cross-border payments in the banking system and make them seamless, more efficient and cost-effective. Project Pine explores how central banks can implement monetary policy operations in a tokenised world.

    Andréa M Maechler, Deputy General Manager and Acting Head of the BIS Innovation Hub

    Note to editors:

    • The full BIS Annual Economic Report 2025 and the BIS Annual Report 2024/25 will be published on 29 June.

    MIL OSI Economics –

  • MIL-OSI Submissions: Middle East turmoil lays the case bare for real portfolio diversification – deVere Group

    Source: deVere Group

    June 24 2025 – The volatile developments across the Middle East—culminating in a dramatic US-brokered ceasefire between Israel and Iran—underscore, yet again, a powerful and urgent truth: diversification isn’t optional. It’s a necessity.

    Markets around the world have been on a knife’s edge for nearly two weeks, reacting sharply to every twist in the conflict.

    Brent crude tumbled nearly 5% after Iran’s missile strike on the Al Udeid air base, interpreted by markets as a restrained signal rather than an escalation.

    With confirmation of the ceasefire, European stocks have surged—Germany’s DAX jumped 2%, the French CAC 40 climbed 1.8%, and futures for the S&P 500 in the US are pointing higher. Yet energy stocks have taken a hit as oil prices slide.

    Nigel Green, CEO of global financial advisory deVere Group, said the “whiplash” in prices across commodities, equities, and safe-haven assets is not just a response to geopolitics—it’s a “flashing red warning light” for investors with narrow allocations.

    “The events of the past two weeks are a textbook case for true portfolio diversification,” he says.

    “One day oil is spiking on nuclear fears, the next it’s plunging on de-escalation. Stocks swing wildly depending on headlines out of Tehran or Tel Aviv. You can’t build or preserve wealth if your investment strategy is overly concentrated in one region, sector, or asset class. That’s not a strategy; that’s a gamble.”

    As the conflict escalated, oil prices spiked on fears of supply disruption. Brent crude surged above $72 before crashing back to near $68 following signs of restraint and the ceasefire announcement. Defence stocks rallied while Middle East-exposed emerging markets sank. Gold flirted with $2,400 as investors scrambled for safety.

    Nigel Green says that for investors, this sequence of events should trigger immediate action.

    “Every global investor must ask themselves today: Am I protected against geopolitical shocks? Do I have meaningful exposure to counter-correlated assets? Am I truly diversified across sectors, geographies, currencies, and asset classes?”

    He adds: “Diversification doesn’t mean owning five different tech stocks or parking all your money in a single bond fund. It means uncorrelated positions across the risk spectrum—think gold, infrastructure, dividend-paying stocks, green energy, and alternatives like real estate and digital assets.”

    Nigel Green also warns that while the ceasefire offers relief, it doesn’t remove risk.

    “This truce is fragile. It’s politically brokered and militarily uneasy. One wrong move and tensions could flare again, dragging markets down with them. That’s the danger of relying too heavily on a single narrative or region in your portfolio.”

    The deVere CEO notes that while markets may breathe a sigh of relief in the short term, the deeper issue is structural instability in a critical region for energy, security, and global trade routes.

    “The Middle East remains a geopolitical powder keg, and history tells us that calm doesn’t last.

    “What does last is a properly diversified portfolio, one that absorbs these shocks without falling apart.”

    With global equities rallying and oil prices sliding, some investors may be tempted to lean back into familiar strategies. Nigel Green says this would be a critical mistake.

    “When markets are jittery, many investors double down on what they know—often increasing risk without realising it. What’s needed now is a measured, deliberate shift into broader exposure.”

    He concludes: “You diversify when the skies are clear, so that you’re protected when the storm breaks.

    “But after what we’ve just seen in the Middle East, the need for real diversification isn’t hypothetical, it’s immediate.”

    deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

    MIL OSI – Submitted News –

  • MIL-OSI United Kingdom: The Judicial Committee of the Privy Council overturns Jersey’s first declaration of incompatibility with human rights law24 June 2025 Jersey’s Attorney General, Mark Temple KC, and the Jersey Competent Authority, the Minister for Treasury and Resources, have succeeded in a landmark appeal before the Judicial Committee of the Privy… Read more

    Source: Channel Islands – Jersey

    24 June 2025

    Jersey’s Attorney General, Mark Temple KC, and the Jersey Competent Authority, the Minister for Treasury and Resources, have succeeded in a landmark appeal before the Judicial Committee of the Privy Council. 

    In a ruling handed down this morning, Jersey’s highest appellate court overturned the declaration made by the Court of Appeal last year under the Human Rights (Jersey) Law 2000 that the International Co-operation (Protection from Liability) (Jersey) Law 2018 is incompatible with human rights. This was the first declaration of incompatibility made by a Jersey court. 

    That Law, introduced in 2018, includes provisions that place limits on the costs and damages that can be awarded against public authorities in Jersey where public authorities have made decisions in good faith to fulfil a request from the authority of another country. The Court of Appeal had found that these provisions infringed Article 6(1) of the European Convention on Human Rights (ECHR) – ie the right to a fair trial in a civil case. However, the Attorney General and Jersey’s Competent Authority in tax information exchange cases have now succeeded, on appeal, in reversing that decision and other findings of the Court of Appeal. 

    Commenting on today’s judgment, Jersey’s Attorney General, Mark Temple KC said: “I am pleased that the Judicial Committee has allowed this appeal and overturned the declaration of incompatibility. I explained at the hearing of the appeal that the matter was of great importance for Jersey and that the Court of Appeal’s decision was the first time that a declaration of incompatibility had been made by a court in Jersey. I am therefore also grateful to the Judicial Committee for providing authoritative guidance concerning applications for declarations of incompatibility under the Human Rights (Jersey) Law 2000 and whether legislation pursues a legitimate aim.” 

    Deputy Elaine Millar, Minister for Treasury and Resources, commented: “I also welcome this judgment. It is vital that Jersey has a robust domestic legal framework which enables the Island to comply with its international obligations – in this case Jersey’s obligations under the OECD Mutual Assistance Convention, which are important for our financial services industry – in a timely and effective way. The States Assembly enacted the 2018 Law to ensure that public authorities in Jersey should not be constrained by the threat of large, unexpected costs liabilities when they are acting to provide assistance in good faith to other countries.” 

    The Court of Appeal had made the declaration in proceedings brought by Imperium Trustees (Jersey) Limited to challenge a notice issued in 2022 by the office of the Comptroller of Revenue on behalf of the Minister as the Jersey Competent Authority to produce tax information, for exchange with the authorities of Belgium, concerning a Jersey law trust administered by Imperium. 

    The Judicial Committee has found, contrary to the Court of Appeal, that the essential nature of those underlying proceedings is a “tax matter” as the core issue to be resolved is the lawfulness of a notice to produce tax information, not one of the peripheral issues relating to confidentiality that were raised by Imperium. 

    In the case law of the European Court of Human Rights, tax matters form part of what is known as “the hard core of public authority prerogatives”, being areas of law involving the state’s exercise of its public authority, which fall outside the scope of what are considered “civil rights and obligations” within Article 6(1) ECHR. 

    As a result, Article 6(1) ECHR was found not to be engaged in the Imperium case, and this was sufficient for the Judicial Committee to uphold the whole appeal. The Judicial Committee chose, however, to make a number of further points in relation to the Court of Appeal’s wider decision and the procedure it had followed in the context of rights under the ECHR. 

    In particular, the Judicial Committee was critical of the declaration having been made in an abstract manner without any actual evidence of the infringement of the rights of the persons before the court, namely Imperium. The Board said it was not open for the Court to do so by reference to litigants and matters that were not before the Court. 

    The justices also took issue with how the majority of the Court of Appeal had approached the question of whether the 2018 Law pursued a legitimate aim. They approved the statement by Jersey Justice of Appeal James Wolffe KC, who had dissented on this point in the Court of Appeal, that the correct approach is to have regard to the Law’s underlying social purpose, to focus not on what the measure does but the reason why it was enacted. Therefore, it was permissible for the Court to look beyond the provisions of the Law itself; to examine materials such as the Projet de Loi and the speeches made by the Ministers and Scrutiny Panel members in the States Assembly as recorded in Hansard.

    The judgment of the Judicial Committee is available here​.​​

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Manchester City Council takes pioneering step to tackle end of life poverty

    Source: City of Manchester

    Manchester Council and the UK’s leading end of life charity Marie Curie are working together to ensure people in the city who are living with a terminal illness become exempt from paying Council Tax.

    Carried out as part of a larger plan to support the most vulnerable residents in Manchester, the Council has looked at as many ways as possible to help those who know have been struggling over recent years.

    Marie Curie’s recent ‘Dying in Poverty’ report found that in Manchester around 42% of working age and 30% of pension age residents die in poverty. 

    Addressing this profoundly important issue is at the heart of the Council’s strategy, with a number of key changes being made in recent years directed at tackling the root causes of poverty, and ensuring that people do not slip back into it.

    This new proposal sets out a plan for the council to change its Discretionary Council Tax Policy (DCTP) to explicitly include a commitment to support people who have been diagnosed with a terminal illness.

    This form is completed by a clinician which confirms a person has a progressive disease, and consequently their patient is expected to pass away within a 12-month period.

    Using DCTP the Council will make up the difference of any shortfall in CTS so that in any situation where a member of the household qualifies – whether an adult, child or non-dependant – the household will have nothing to pay. The support will then apply to the household’s council tax bill until the date of the persons death.

    The Council will also be working to ensure that a “tell us once” protocol is in place so that, in the event of a claimant’s passing, no undue burden will fall upon their family. Steps will also be in place to retain the discount for the remainder of the financial year in the event of a person’s passing, to provide additional support for their family.

    It is estimated that this scheme would support around 175 residents in Manchester, the majority of which would be of working age.

    In addition to this change in policy, a great deal of work has already been carried out to alleviate the worst of the cost-of-living crisis for Mancunians.

    To date the Council has:

    • Provided free school meals to 46,000 children and young people during the holidays over the past year
    • Directed more than £1m of supplies to community food banks and groups since 2022, spending an additional £155,000 on food-related support for residents
    • Connected with close to 14,000 people via our Cost-of-Living Advice Line since October 2022
    • Distributed more than 2,000 phones, laptops or computers to people who may be digitally excluded, as well as providing more than 7,000 SIM cards since 2020
    • Made £2.6m in grant payments to nearly 2,122 residents to help them stay in their homes
    • Issued £1m in grant funding to 70 voluntary and community organisations who last year were able to help around 54,000 residents
    • The Holiday Activity Fund, which provides free activities as well as a free meal to children during the holidays has seen more than 24,000 children attend during half terms and summer holidays

    Councillor Bev Craig, Leader of Manchester City Council said: “The moment when you or your family member gets the devastating news of terminal illness is heartbreaking. The last thing you need to worry about money and bills, but we know for too many people it takes up too much time and stress.

    “Too many people are living in poverty in our city and the council is committed to doing all it can to alleviate it in the short term, and build ways out of poverty in the long term. That’s why we are exempting people with a terminal illness from Council Tax alongside a wider package of support with the cost of living, doing everything in our power to ensure families have one less thing to worry about during such a difficult time.

    “We want to thank Marie Curie for their vital work, and as a Council want to do all we can to ease the burden at the end of someone’s life.”

    Jamie Thunder, Senior Policy Manager for Financial Security at Marie Curie, said: “The end of life should be a time to focus on what really matters – but for too many people, it’s dominated by financial difficulty as their income drops and costs rise.

    “We’re therefore delighted that Manchester City Council are taking this pioneering step, which will make a real difference to people with a terminal illness at the time they need it most. We hope other councils in the North West and across the country will follow suit, and help to ensure that no-one dies in poverty.”

    MIL OSI United Kingdom –

  • MIL-OSI: BloFin futures performance rivals top exchanges across BTC, ETH, and leading altcoins

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, Virgin Islands, June 24, 2025 (GLOBE NEWSWIRE) — BloFin strengthens its position as a global leader in futures trading liquidity and slippage control, outperforming mid-tier competitors and matching the performance of top-tier exchanges.

    BloFin Exchange has achieved a significant milestone in future market performance, establishing itself as a top-tier competitor in both liquidity and trade execution quality. According to the latest official data collected via API monitoring from June 16 to June 19, 2025, BloFin’s futures market depth and slippage performance position the exchange alongside long-established industry leaders such as Binance, OKX, and Bybit, further solidifying its reputation among global futures market participants.

    Tier-1 futures liquidity achieved, with a top-two global ranking across depth metrics

    In cumulative futures depth at both the 0.1% and 0.05% price deviation levels, BloFin ranked firmly among the top three global exchanges. Its liquidity performance not only outpaced all mid-tier platforms but also closely matched or exceeded several tier-1 competitors.

    • At the 0.1% depth level, BloFin secured the second position in overall futures liquidity with a total cumulative depth of 92.6 million, surpassing OKX and coming in just behind Binance.
    • At the 0.05% depth level, BloFin maintained a strong second-place ranking with a cumulative depth of 46.1 million, outperforming both OKX and Binance under tighter market conditions.

    These results demonstrate BloFin’s consistent capacity to support high-volume, low-slippage trading activity for institutional participants and large-volume retail users.

    Whale-grade slippage control delivers execution quality on par with leading exchanges

    In addition to liquidity depth, BloFin exhibited robust trade execution metrics under stress-tested conditions. The exchange delivered highly competitive slippage rates for both BTC and ETH futures, alongside a wide range of over 15 actively traded altcoins, including SOL, XRP, DOGE, PEPE, ADA, and TRUMP.

    BloFin’s slippage performance for major assets under two levels of simulated stress remained in line with top-tier platforms, confirming the exchange’s ability to maintain price stability and execution efficiency in volatile or high-demand trading environments. Notably, BloFin also offered lower slippages for trending, volatile altcoins — an area where many mid-tier competitors face significant execution gaps.

    A new global contender reshaping the futures trading landscape

    BloFin’s performance in this report affirms its standing as a rising leader in the global futures market. By delivering futures market depth and slippage control on par with tier-1 exchanges, BloFin strengthens its appeal to whales, institutional traders, and high-frequency participants seeking deep liquidity and reliable trade execution across both dominant and emerging digital assets.

    As the exchange continues its expansion into key global markets and strategic event sponsorships, this achievement further enhances BloFin’s credibility as a serious futures market contender.

    About BloFin

    BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, Coin-Margined Perpetual Contracts, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:

    Annio W.
    annio@blofin.io

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed503f50-4ab2-41f1-95cc-7e54a90942aa

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f1d05780-6070-4dad-b940-987dc2f69334

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6e7cd7e1-174f-4e74-be9c-8b38f4acad05

    The MIL Network –

  • MIL-OSI: BloFin futures performance rivals top exchanges across BTC, ETH, and leading altcoins

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, Virgin Islands, June 24, 2025 (GLOBE NEWSWIRE) — BloFin strengthens its position as a global leader in futures trading liquidity and slippage control, outperforming mid-tier competitors and matching the performance of top-tier exchanges.

    BloFin Exchange has achieved a significant milestone in future market performance, establishing itself as a top-tier competitor in both liquidity and trade execution quality. According to the latest official data collected via API monitoring from June 16 to June 19, 2025, BloFin’s futures market depth and slippage performance position the exchange alongside long-established industry leaders such as Binance, OKX, and Bybit, further solidifying its reputation among global futures market participants.

    Tier-1 futures liquidity achieved, with a top-two global ranking across depth metrics

    In cumulative futures depth at both the 0.1% and 0.05% price deviation levels, BloFin ranked firmly among the top three global exchanges. Its liquidity performance not only outpaced all mid-tier platforms but also closely matched or exceeded several tier-1 competitors.

    • At the 0.1% depth level, BloFin secured the second position in overall futures liquidity with a total cumulative depth of 92.6 million, surpassing OKX and coming in just behind Binance.
    • At the 0.05% depth level, BloFin maintained a strong second-place ranking with a cumulative depth of 46.1 million, outperforming both OKX and Binance under tighter market conditions.

    These results demonstrate BloFin’s consistent capacity to support high-volume, low-slippage trading activity for institutional participants and large-volume retail users.

    Whale-grade slippage control delivers execution quality on par with leading exchanges

    In addition to liquidity depth, BloFin exhibited robust trade execution metrics under stress-tested conditions. The exchange delivered highly competitive slippage rates for both BTC and ETH futures, alongside a wide range of over 15 actively traded altcoins, including SOL, XRP, DOGE, PEPE, ADA, and TRUMP.

    BloFin’s slippage performance for major assets under two levels of simulated stress remained in line with top-tier platforms, confirming the exchange’s ability to maintain price stability and execution efficiency in volatile or high-demand trading environments. Notably, BloFin also offered lower slippages for trending, volatile altcoins — an area where many mid-tier competitors face significant execution gaps.

    A new global contender reshaping the futures trading landscape

    BloFin’s performance in this report affirms its standing as a rising leader in the global futures market. By delivering futures market depth and slippage control on par with tier-1 exchanges, BloFin strengthens its appeal to whales, institutional traders, and high-frequency participants seeking deep liquidity and reliable trade execution across both dominant and emerging digital assets.

    As the exchange continues its expansion into key global markets and strategic event sponsorships, this achievement further enhances BloFin’s credibility as a serious futures market contender.

    About BloFin

    BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, Coin-Margined Perpetual Contracts, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:

    Annio W.
    annio@blofin.io

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed503f50-4ab2-41f1-95cc-7e54a90942aa

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f1d05780-6070-4dad-b940-987dc2f69334

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6e7cd7e1-174f-4e74-be9c-8b38f4acad05

    The MIL Network –

  • MIL-OSI: Walking Comfort Accelerates Ecommerce Growth with Descartes Sellercloud™

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, June 24, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Utah-based Walking Comfort, a leading retailer in the local and online footwear market, is using Descartes Sellercloud™ to help drive ecommerce growth by centralizing and synchronizing the management of product listings, inventory, orders and fulfillment across multiple online sales channels.

    “As the business grew and we expanded to a larger warehouse and more online marketplaces, we realized we needed a more sophisticated inventory and order management system to boost time-savings and operating efficiencies,” said Brad Hendricksen, Accounting and Operations Manager at Walking Comfort. “With Descartes Sellercloud, we have a powerful platform that has facilitated ecommerce growth, saved us hundreds of hours per week by automatically consolidating data across all sales channels, eliminated picking errors so staff no longer pick the wrong size or variation, and cut shipping costs by more than 55%—even enabling us to dropship directly from retail locations if it’s the most convenient and cost-effective option for a customer.”

    Descartes Sellercloud is a cloud-based ecommerce platform that helps small and mid-market retailers, distributors, wholesalers, and manufacturers with omnichannel ecommerce operations centralize the management of their catalog, inventory, orders, purchasing, fulfillment and shipping. With 350+ integrations, including to marketplaces, shopping carts, shipping partners, third party logistics providers, payment gateways and vendors, the solution provides a comprehensive ecommerce ecosystem that companies can easily leverage to expand operations as they grow.

    “We’re pleased our solution is supporting Walking Comfort as they’ve grown their business,” said Mikel Richardson, General Manager, Ecommerce at Descartes. “Using the platform, sellers can reduce operational complexity by simultaneously updating inventory and orders in real-time, avoid underselling and overselling inventory, stay compliant with marketplaces requirements, save shipping costs by automating fulfillment, and grow their business by adding more sales channels and products without losing control of inventory or order visibility.”

    Learn more about Descartes Sellercloud and Descartes’ Ecommerce Shipping and Fulfillment solutions.

    About Walking Comfort

    Walking Comfort sells various footwear products, including running shoes, slippers, sandals, recovery footwear, and accessories like insoles. Founded in 2008, they are based in Centerville, Utah, and have 35 employees and two brick-and-mortar locations. For more information, visit www.walkingcomfort.com.

    About Descartes

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

    Global Media Contact
    Cara Strohack
    Tel: 226-750-8050
    cstrohack@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

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

    The MIL Network –