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Category: Economy

  • MIL-OSI Africa: African Economic Outlook 2025—Africa’s short-term outlook resilient despite global economic and political headwinds

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

    ABIDJAN, Ivory Coast, May 28, 2025/APO Group/ —

    Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group (www.AfDB.org) said Tuesday in its flagship 2025 African Economic Outlook report. 

    Despite the prevailing domestic and external challenges  Africa continues to demonstrate notable resilience. The report, titled “Making Africa’s Capital Work Better for Africa’s Development,” was released during the Bank Group’s 2025 Annual Meetings, taking place in Abidjan, Côte d’Ivoire. It demonstrates the continent’s capacity to weather multiple shocks while identifying pathways to unlock a vast potential for transformation.  

    Strong growth outlook despite global headwinds 

    The report presents encouraging projections despite significant challenges: 

    • 21 African countries will achieve growth exceeding 5 percent in 2025, with four countries—Ethiopia, Niger, Rwanda, and Senegal—potentially reaching the critical 7 percent threshold required for poverty reduction and inclusive growth. 
    • Africa’s projected growth rates will surpass the global average and outpace most other regions except emerging and developing Asia. 
    • Africa’s continued resilience is built on effective domestic reforms and improved macroeconomic management. 

    Mixed growth performance across Africa’s regions 

    Growth prospects vary significantly across regions: East Africa leads with a projected 5.9 percent growth in 2025-2026, driven by resilience in Ethiopia, Rwanda, and Tanzania. West Africa maintains solid 4.3 percent growth, driven by new oil and gas production coming onstream in Senegal and Niger. In the face of persistent headwinds, North Africa is expected to register 3.6 percent growth in 2025. In Central Africa, growth is projected to slow to 3.2% and Southern Africa will grow at only 2.2 percent, with its largest economy, South Africa, expected to achieve only 0.8 percent growth 

    Significant challenges persist. Fifteen countries are experiencing double-digit inflation, while interest payments now consume 27.5 percent of government revenue across Africa, up from 19 percent in 2019. 

    “Africa must now face the challenge and look inwards to mobilizing the resources needed to finance its own development in the years ahead,” said Prof. Kevin Chika Urama, Chief Economist and Vice President of the African Development Bank Group, presenting the report’s findings.  

    Massive domestic resource potential remains untapped  

    The AEO 2025 estimates that, with the right policies, Africa could mobilize an additional $1.43 trillion in domestic resources from tax and non-tax revenue sources through efficiency gains alone. Africa’s extraordinary but underutilized resource base includes: 

    • Natural capital: Africa hosts 30 percent of global mineral reserves and could capture over 10 percent of the projected $16 trillion in revenues from key green minerals by 2030 
    • Human capital: The continent’s median age of 19 represents a demographic dividend that could add $47 billion to Africa’s GDP through improved workforce participation 
    • Financial capital: Pension fund assets have grown to $1.1 trillion, while formal remittances could reach $500 billion by 2035 if transfer costs are reduced 
    • Business capital: Full implementation of the African Continental Free Trade Area could increase exports by $560 billion and boost continental income by $450 billion by 2035 

    Urgent action needed to address resource leakages 

    The report stresses that massive capital outflows are undermining the continent’s development. Compared to $190.7 billion of financial inflows received in 2022, Africa lost approximately $587 billion from financial leakages. Of this, around $90 billion was lost to illicit financial flows, a further $275 billion  siphoned away by multinational corporations shifting profits, and $148 billion lost to corruption. 

    Vice President Urama said: “When Africa allocates its own capital (human, natural, fiscal, business and financial) effectively, global capital will follow Africa’s capital to accelerate investments in productive sectors in Africa.” 

    Key policy recommendations 

    “There can be no substitute to sound macroeconomic policy management, quality institutions and good governance,  and rule of law.” VP Urama said, emphasizing the vital need to bolster governance. 

    The report also calls for comprehensive reforms across several critical areas. On fiscal revenue mobilization, it recommends enhancing tax administration through digitalization, broadening national tax bases, and strengthening social contracts with citizens to improve compliance. It advocates making natural capital accounting mandatory and enforcing domestic value retention through beneficiation requirements.  

    The AEO also emphasizes the need to deepen financial markets by tapping institutional savings, developing local currency bond markets, and harmonizing regulatory frameworks to facilitate cross-border investment.  

    The African Economic Outlook: The 2025 African Economic Outlook provides a comprehensive roadmap for unlocking Africa’s transformation potential through better mobilization and utilization of domestic capital resources. 

    MIL OSI Africa –

    May 29, 2025

  • Cabinet approves continuation of Modified Interest Subvention Scheme for FY 2025–26

    Source: Government of India

    Source: Government of India (4)

    The Union Cabinet on Wednesday approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025–26. The scheme will retain the existing 1.5% interest subvention offered to eligible lending institutions, ensuring that short-term agricultural loans remain affordable and accessible to farmers across the country.

    The Modified Interest Subvention Scheme is a Central Sector Scheme aimed at making short-term credit available to farmers at a reduced interest rate through the Kisan Credit Card (KCC) system. Under the scheme, farmers can avail loans of up to ₹3 lakh at a standard interest rate of 7%. A 1.5% interest subvention is provided to lending institutions, effectively reducing the lending burden. Furthermore, farmers who repay their loans promptly receive an additional incentive of up to 3% as a Prompt Repayment Incentive (PRI), bringing down the effective interest rate to just 4%. For loans taken specifically for animal husbandry or fisheries, the interest benefit is available for amounts up to ₹2 lakh.

    No changes have been introduced in the structure or other operational aspects of the scheme for the upcoming financial year.

    As of now, there are more than 7.75 crore active Kisan Credit Card accounts in India. The continued implementation of MISS is expected to play a crucial role in sustaining the flow of institutional credit to the agriculture sector, particularly benefiting small and marginal farmers. This support is vital for enhancing farm productivity and ensuring financial inclusion in rural areas.

    In recent years, India has witnessed significant growth in agricultural credit. Institutional credit disbursed through KCC increased from ₹4.26 lakh crore in 2014 to ₹10.05 lakh crore by December 2024. Overall agricultural credit flow also rose substantially, from ₹7.3 lakh crore in the financial year 2013–14 to ₹25.49 lakh crore in 2023–24.

    In addition to credit expansion, digital reforms have improved efficiency and transparency in the credit system. The launch of the Kisan Rin Portal (KRP) in August 2023 has streamlined the claim processing mechanism under the scheme, reducing delays and promoting accountability in interest subvention disbursements.

    Given the current lending cost environment, including trends in the Marginal Cost of Funds based Lending Rate (MCLR) and repo rate movements, maintaining the 1.5% interest subvention is considered essential. This will help rural and cooperative banks continue providing low-cost loans, enabling farmers to access timely credit without additional financial pressure.

    May 29, 2025

  • MIL-OSI Canada: Statement to mark Menstrual Hygiene Day

    Source: Government of Canada News

    May 28, 2025 – Ottawa, Ontario — Women and Gender Equality Canada

    The Honourable Rechie Valdez, Minister for Women and Gender Equality and Secretary of State (Small Business and Tourism), made the following statement on Menstrual Hygiene Day.

    “Menstrual Hygiene Day is a reminder that we must always tackle the stigma around menstruation – and the very real impact that period poverty has on people’s lives.

    Menstrual equity also has an important impact on the economy, as period poverty can affect workforce participation, contribute to absenteeism, and limit productivity. For instance, 15% of people in Canada who menstruate say their inability to afford menstrual products holds them back from participating in daily activities, such as attending school or work. Through Food Banks Canada we are running the Menstrual Equity Fund pilot to address barriers to accessing menstrual products. This initiative is dedicated to ensuring that menstruation is never a barrier to education or employment.

    This Menstrual Hygiene Day let’s help raise awareness on what menstrual equity really means. Let’s keep pushing to end period poverty in Canada. Join the conversation online by using #MHDay2025 and help challenge taboos and make menstrual health a priority.”

    MIL OSI Canada News –

    May 29, 2025

  • MIL-OSI Global: Want an advanced AI assistant? Prepare for them to be all up in your business

    Source: The Conversation – Canada – By Isabel Pedersen, Professor of Communication and Digital Media Studies, Ontario Tech University

    Sophisticated AI assistants are becoming commonplace in people’s lives. (Shutterstock)

    The growing proliferation of AI-powered chatbots has led to debates around their social roles as friend, companion or work assistant.

    And they’re growing increasingly more sophisticated. The role-playing platform Character AI promises personal and creative engagement through conversations with its bot characters. There have also been some negative outcomes: currently, Character.ai is facing a court case involving its chatbot’s role in a teen’s suicide.

    Others, like ChatGPT and Google Gemini, promise improved work efficiency through genAI. But where is this going next? Amid this frenzy, inventors are now developing advanced AI assistants that will be far more socially intuitive and capable of more complex tasks.

    The applications of generative AI keep growing.
    (Shutterstock)

    Future shock

    The shock instigated by OpenAI’s ChatGPT two years ago was not only due to the soaring rate of adoption and the threat to jobs, but also because of the cultural blow it aimed at creative writing and education.

    My research explores how the hype surrounding AI affects some people’s ability to make professional judgments about it. This is due to anxiety related to the vulnerability of human civilization, feeding the idea of a future “superintelligence” that might outpace human control.

    With US$1.3 trillion in revenue projected for 2032, the financial forecast for genAI drives further hype.

    Mainstream media coverage also sensationalizes AI’s creativity, and frames the tech as a threat to human civilization.

    Raising the alarm

    Scientists all over the world have signalled an urgency around the implementations and applications of AI.

    Geoffrey Hinton, Nobel Prize winner and AI pioneer, left his position at Google over disagreements about the development of AI and regretted his work at Google because of AI’s progress. The future threat, however, is much more personal.

    Recreating users

    The turn in AI underway now is a shift toward self-centric and personalized AI tools that go well beyond current capabilities to recreating what has become a commodity: the self. AI technologies reshape how we perceive ourselves: our personas, thoughts and feelings.

    The next wave of AI assistants, a form of AI agents, will not only know their users intimately, but they will be able to act on a user’s behalf or even impersonate them. This idea is far more compelling than those that only serve as assistants writing text, creating video or coding software.

    These personalized AI agents will be able to determine intentions and carry out work.

    Iason Gabriel, senior research scientist at Google DeepMind, and a large team of researchers wrote about the ethical development of advanced AI assistants. Their research sounds the alarm that AI assistants can “influence user beliefs and behaviour,” including through “deception, coercion and exploitation.”

    There is still a techno-utopian aspect to AI. In a podcast, Gabriel ruminates that “many of us would like to be plugged into a technology that can take care of a lot of life tasks on our behalf,” also calling it a “thought partner.”

    Senior research scientist at Google DeepMind, Iason Gabriel, discusses the implications of AI.

    Cultural disruption

    This more recent turn in AI disruption will interfere with how we understand ourselves, and as such, we need to anticipate the techno-cultural impact.

    Online, people express hyper-real and highly curated versions of themselves across platforms like X, Instagram or Linkedin. And the way users interact with personal digital assistants like Apple’s Siri or Amazon’s Alexa has socialized us to reimagine our personal lives. These “life narrative” practices inform a key role in developing the next wave of advanced assistants.

    The quantified self movement is when users track their lives through various apps, wearable technologies and social media platforms. New developments in AI assistants could leverage these same tools for biohacking and self-improvement, yet these emerging tools also raise concerns about processing personal data. AI tools involve the risk of identity theft, gender and racial discrimination and various digital divides.

    More than assistance

    Human-AI assistant interaction can converge with other fields. Digital twin technologies for health apply user biodata. They involve creating a virtual representation of a person’s physiological state and can help predict future developments. This could also lead to over-reliance on AI Assistants for medical information without human oversight from medical professionals.

    Other advanced AI assistants will “remember” people’s pasts and infer intentions or make suggestions for future life goals. Serious harms have already been identified when remembering is automated, such as for victims of intimate partner violence.



    Read more:
    Features like iPhone’s and Facebook’s ‘Memories’ can retraumatize survivors of abuse

    We need to expand data protections and governance models to address potential privacy harms. This upcoming cultural disruption will require regulating AI. Let’s prepare now for AI’s next cultural turn.

    Isabel Pedersen receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC).

    – ref. Want an advanced AI assistant? Prepare for them to be all up in your business – https://theconversation.com/want-an-advanced-ai-assistant-prepare-for-them-to-be-all-up-in-your-business-253271

    MIL OSI – Global Reports –

    May 29, 2025

  • MIL-OSI Global: Critical minerals don’t belong in landfills – microwave tech offers a cleaner way to reclaim them from e-waste

    Source: The Conversation – USA – By Terence Musho, Associate Professor of Engineering, West Virginia University

    Broken electronics still contain valuable critical minerals. Beeldbewerking/iStock/Getty Images Plus

    When the computer or phone you’re using right now blinks its last blink and you drop it off for recycling, do you know what happens?

    At the recycling center, powerful magnets will pull out steel. Spinning drums will toss aluminum into bins. Copper wires will get neatly bundled up for resale. But as the conveyor belt keeps rolling, tiny specks of valuable, lesser-known materials such as gallium, indium and tantalum will be left behind.

    Those tiny specks are critical materials. They’re essential for building new technology, and they’re in short supply in the U.S. They could be reused, but there’s a problem: Current recycling methods make recovering critical minerals from e-waste too costly or hazardous, so many recyclers simply skip them.

    Sadly, most of these hard-to-recycle materials end up buried in landfills or get mixed into products like cement. But it doesn’t have to be this way. New technology is starting to make a difference.

    A treasure trove of critical materials is often overlooked in e-waste, including gallium in LEDs, indium in LCDs, and tantalum in surface mount capacitors.
    Ansan Pokharel/West Virginia University, CC BY

    As demand for these critical materials keeps growing, discarded electronics can become valuable resources. My colleagues and I at West Virginia University are developing a new technology to change how we recycle. Instead of using toxic chemicals, our approach uses electricity, making it safer, cleaner and more affordable to recover critical materials from electronics.

    How much e-waste are we talking about?

    Americans generated about 2.7 million tons of electronic waste in 2018, according to the latest federal data. Including uncounted electronics, a survey by the United Nations suggests that the U.S. recycles only about 15% of its total e-waste.

    Even worse, nearly half the electronics that people in Northern America sent to recycling centers end up shipped overseas. They often land in scrapyards, where workers may use dangerous methods like burning or leaching using harsh chemicals to pull out valuable metals. These practices can harm both the environment and workers’ health. That’s why the Environmental Protection Agency restricts these methods in the U.S.

    The tiny specks matter

    Critical minerals are in most of the technology around you. Every phone screen has a super-thin layer of a material called indium tin oxide. LEDs glow because of a metal called gallium. Tantalum stores energy in tiny electronic parts called capacitors.

    All of these materials are flagged as “high risk” on the U.S. Department of Energy’s critical materials list. That means the U.S. relies heavily on these materials for important technologies, but their supply could be easily disrupted by conflicts, trade disputes or shortages.

    Right now, just a few countries, including China, control most of the mining, processing and recovery of these materials, making the U.S. vulnerable if those countries decide to limit exports or raise prices.

    These materials aren’t cheap, either. For example, the U.S. Geological Survey reports that gallium was priced between US$220 to $500 per kilogram in 2024. That’s 50 times more expensive than common metals like copper, at $9.48 per kilogram in 2024.

    Revolutionizing recycling with microwaves

    At West Virginia University’s Department of Mechanical, Materials and Aerospace Engineering, I and materials scientist Edward Sabolsky asked a simple question: Could we find a way to heat only specific parts of electronic waste to recover these valuable materials?

    If we could focus the heat on just the tiny specks of critical minerals, we might be able to recycle them easily and efficiently.

    The solution we found: microwaves.

    This equipment isn’t very different from the microwave ovens you use to heat food at home, just bigger and more powerful. The basic science is the same – electromagnetic waves cause electrons to oscillate, creating heat.

    In our approach, though, we’re not heating water molecules like you do when cooking. Instead, we heat carbon, the black residue that collects around a candle flame or car tailpipe. Carbon heats up much faster in a microwave than water does. But don’t try this at home; your kitchen microwave wasn’t designed for such high temperatures.

    West Virginia University researchers are using this experimental microwave reactor to recycle critical materials from end-of-life electronics.
    Ansan Pokharel/West Virginia University, CC BY

    In our recycling method, we first shred the electronic waste, mix it with materials called fluxes that trap impurities, and then heat the mixture with microwaves. The microwaves rapidly heat the carbon that comes from the plastics and adhesives in the e-waste. This causes the carbon to react with the tiny specks of critical materials. The result: a tiny piece of pure, sponge-like metal about the size of a grain of rice.

    This metal can then be easily separated from leftover waste using filters.

    So far, in our laboratory tests, we have successfully recovered about 80% of the gallium, indium and tantalum from e-waste, at purities between 95% and 97%. We have also demonstrated how it can be integrated with existing recycling processes.

    Why the Department of Defense is interested

    Our recycling technology got its start with help from a program funded by the Defense Department’s Advanced Research Projects Agency, or DARPA.

    Many important technologies, from radar systems to nuclear reactors, depend on these special materials. While the Department of Defense uses less of them than the commercial market, they are a national security concern.

    We’re planning to launch larger pilot projects next to test the method on smartphone circuit boards, LED lighting parts and server cards from data centers. These tests will help us fine-tune the design for a bigger system that can recycle tons of e-waste per hour instead of just a few pounds. That could mean producing up to 50 pounds of these critical minerals per hour from every ton of e-waste processed.

    If the technology works as expected, we believe this approach could help meet the nation’s demand for critical materials.

    How to make e-waste recycling common

    One way e-waste recycling could become more common is if Congress held electronics companies responsible for recycling their products and recovering the critical materials inside. Closing loopholes that allow companies to ship e-waste overseas, instead of processing it safely in the U.S., could also help build a reserve of recovered critical minerals.

    But the biggest change may come from simple economics. Once technology becomes available to recover these tiny but valuable specks of critical materials quickly and affordably, the U.S. can transform domestic recycling and take a big step toward solving its shortage of critical materials.

    Terence Musho has received funding from Defense Advanced Research Projects Agency, the National Science Foundation and the Department of Energy.

    – ref. Critical minerals don’t belong in landfills – microwave tech offers a cleaner way to reclaim them from e-waste – https://theconversation.com/critical-minerals-dont-belong-in-landfills-microwave-tech-offers-a-cleaner-way-to-reclaim-them-from-e-waste-254908

    MIL OSI – Global Reports –

    May 29, 2025

  • MIL-OSI Global: Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care

    Source: The Conversation – USA – By Patrick Aguilar, Professor of Practice of Organizational Behavior, Washington University in St. Louis

    Pharmacies are more than just stores – they’re vital links between people and their health care.

    One of us, Patrick, witnessed this firsthand in 2003 while working as a pharmacy technician at Walgreens in a midsize West Texas town. Each day involved handling hundreds of prescriptions as they moved through the system – meticulously counting pills, deciphering doctors’ handwriting and sorting out confusing insurance issues. The experience revealed that how pharmacies are owned and managed is as much a public health issue as it is a financial one.

    Fast-forward to today, and Walgreens – one of the world’s largest pharmacy chains, which filled nearly 800 million U.S. prescriptions in 2024 – is at a turning point. In March, the company announced it would be acquired by private equity firm Sycamore Partners for US$10 billion, just 10% of its peak market value. That deal takes the storied pharmacy chain off the public market for the first time in nearly 100 years.

    We’re professors who study the intersection of medicine and business, and we think this deal offers a window into the future of pharmacy care. It matters not just to pharmacists but also to the tens of millions of Americans who rely on outlets like Walgreens to meet their everyday health needs.

    The rise and struggles of Walgreens

    A lot has changed in the pharmacy industry since 1901, when Charles R. Walgreen Sr. purchased the Chicago drugstore where he served as a pharmacist. The company went public in 1927, expanded rapidly throughout the 20th century and grew to 8,000 stores by 2013. By 2014, a merger with the European pharmacy chain Alliance Boots made Walgreens one of the largest pharmacy chains in the world.

    More recently, however, the picture for the pharmacy industry hasn’t been so rosy. Labor costs have risen. Front-end retail sales – things like snacks, greeting cards and cosmetics – have fallen. And financial pressures from pharmacy benefit managers – those third-party groups that manage the cost of prescription drug benefits on the behalf of insurers – have grown.

    All of these things have significantly constrained revenues across the industry, leading stores to shutter. Some estimates suggest that as many as one-third of U.S. retail pharmacies have closed since 2010.

    Against that backdrop, Sycamore Partners’ March acquisition of Walgreens raises big questions. What does Sycamore see in this investment, and what might their strategies imply about the future of American pharmacy care?

    Framing the private equity bet

    Private equity firms typically buy companies, streamline their operations and seek to sell them for a profit within five to seven years of the acquisition.

    This growing movement of private equity into the global economy is by no means limited to health care. In 2020, private equity firms employed 11.7 million U.S. workers, or about 7% of the country’s total workforce. The total assets under management by such investors have grown by over 11% annually over the past two decades, a trend that’s expected to continue.

    In looking at Walgreens, Sycamore, like many of these businesses, likely sees an opportunity to buy low, cut costs and improve profitability. One survey of private equity investors found that the most common self-reported sources of value creation in these deals for companies of Sycamore’s size were changing the product and marketing it more robustly to drive demand, changing incentives for those within the business, and facilitating a high-value exit.

    While private owners may have more patience than public markets, critics argue that private equity firms tend to have a short-term focus, looking for quick, predictable services of margin improvement – like, for example, cutting jobs.

    There’s some evidence in favor of that claim. One study found that employment often drops in the years following a private equity buyout. And if the focus shifts to repaying debt or prepping for resale, long-term projects, such as investing in future innovation, can get deprioritized.

    The history of privatized public companies offers a mix of successes and failures. Dell Technologies and hotel chain Hilton are two prominent examples of companies that went private, restructured successfully and came back stronger. In those cases, going private helped management focus without the constant pressure of quarterly earnings reports.

    On the other hand, companies such as Toys R Us, which was taken private in 2005 and filed for bankruptcy in 2018, show how high debt and missed innovation can lead to collapse.

    What’s next for Walgreens

    So, where does this leave Walgreens − and the investors involved in the deal?

    If part of the returns will be driven by “buying low” – the easiest indicator of potential future success to measure as of today – Sycamore started well: Its purchase price represents a mere 8% premium over the market trading value on the day of the announcement, significantly less than the 46% seen across industries in 2023. That said, Sycamore financed 83.4% of the purchase with debt, a number on the high end for these kinds of transactions. Health care groups have pointed to this number while raising concerns that innovation-focused investments may take a back seat to debt obligations.

    As the dust settles on the purchase, Sycamore has indicated an interest in splitting Walgreens into three business units: one focused on U.S. pharmacies, one on U.K. pharmacies and one on U.S. primary health care through its VillageMD subsidiary.

    That’s not unusual: Sycamore has used a similar approach before with its investment in the office supply retailer Staples, a strategy that has garnered strong financial returns but been called into question for its long-term sustainability.

    Given the significant financial challenges VillageMD has faced since its acquisition by Walgreens, this represents an opportunity to separately evaluate and optimize its performance. Meanwhile, Sycamore’s historic focus on retail and customer-focused businesses might help it modernize the in-store experience or optimize staffing.

    For more than a century, Walgreens has survived and adapted to sweeping changes in retail. Now, it’s entering a new chapter – one that could reshape not just its own future but the role of pharmacies in American life.

    Will Sycamore help Walgreens thrive, using its resources to strengthen services and deliver more value to customers? Or will pressure to generate quick returns create problems? Either way, the answer matters – not just for investors but for anyone who’s ever relied on their neighborhood pharmacy to stay healthy.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care – https://theconversation.com/public-health-and-private-equity-what-the-walgreens-buyout-could-mean-for-the-future-of-pharmacy-care-253598

    MIL OSI – Global Reports –

    May 29, 2025

  • MIL-OSI Global: Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis

    Source: The Conversation – USA – By Sean Campbell, Investigative Journalist, The Conversation

    The Mexican security forces tracking Nemesio Oseguera Cervantes – the leader of a deadly drug cartel that has been a top driver of violence in Mexico and narcotic addiction in America – thought they finally had him cornered on May 1, 2015.

    Four helicopters carrying an arrest team whirled over the mountains near Mexico’s southwestern coast toward Cervantes’ compound in the town of Villa Purificación, the heart of the infamous Jalisco Nueva Generación cartel.

    As the lead helicopter pulled within range, bullets from a truck-mounted, military-grade machine gun on the ground struck the engine. Before it reached the ground, the massive helicopter was hit by a pair of rocket-powered grenades.

    This .50-caliber cartridge was found stuck in the truck-mounted Browning M2HB machine gun that the Jalisco Nueva Generación cartel used to damage a Mexican Security Forces Super Cougar helicopter.
    ATF

    Four soldiers from Mexico’s Secretariat of National Defense were killed in the crash. Three more soldiers were killed in the firefight that followed, and another 12 were injured.

    The engagement was the first known incident of a cartel shooting down a military aircraft in Mexico. The cartel’s retaliation for the attempted arrest was swift and brutal. It set fire to trucks, buses, banks, gasoline stations and businesses. The distractions worked. Cervantes, also known as “El Mencho,” escaped.

    The Browning machine gun that took down the helicopter was traced to a legal firearm purchase in Oregon made by a U.S. citizen. And a Barrett .50-caliber rifle used in the ambush was traced to a sale in a U.S. gun shop in Texas 4½ years before.

    Many military-grade weapons like these are trafficked into Mexico from the U.S. each year, aided by loose standards for firearm dealers and gun laws that favor illicit sales.

    We – a professor of economic development who has been tracking gun trafficking for more than 10 years, and an investigative journalist – spent a year sifting through documents to find the number, origins and characteristics of weapons flowing from the U.S. to Mexico.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives – the agency known as ATF tasked with regulating the industry – publishes the number of U.S. guns seized in Mexico and traced back to U.S. dealers, but it doesn’t provide an official trafficking estimate. The 2003 Tiahrt Amendments bar the ATF from creating a database of firearm sales and prohibit federal agencies from sharing detailed trace data outside of law enforcement.

    To estimate weapons flow, we gathered trafficking estimates, including leaked data, previous research, firearm manufacturing totals and the ATF trace data.

    The model we generated gave us a conservative middle estimate: About 135,000 firearms were trafficked across the border in 2022. In contrast, Ukraine, engaged in a war with Russia, received 40,000 small arms from the United States between January 2020 and April 2024 – an average of 9,000 per year.

    Our analysis also found:

    • This flow of weapons is connected to the drug trade in the U.S. and enables increased gang violence in Mexico, causing more people to flee across the border.

    • An increase in guns trafficked to Mexico from the U.S. relates to an increase in Mexico’s homicide rate.

    • More of the most destructive weapons come from independent gun dealers versus large chain stores – 16 times as many assault-style weapons and 60 times as many sniper rifles.

    • The trafficking flow drives an arms race between criminals and Mexican law enforcement; the U.S. gun industry profits on sales to both.

    • ATF oversight of dealers reduces the likelihood their guns are resold on the illicit market.

    Following the flow

    Since 2008, the U.S. has spent more than US$3 billion to help stabilize Mexico through the rule of law and stem its surges of extreme violence, much of it committed with U.S. firearms. Many programs are funded through the U.S. State Department, which is facing budget cuts, and the U.S. Agency for International Development, which has sustained deep cuts.

    Meanwhile, the gun industry and its supporters have undercut these efforts by fighting measures to regulate gun sales.

    From 2015-2023, 185,000 guns linked to crimes in Mexico were sent to the ATF to be traced – the process of using a firearm’s serial number and other characteristics to identify the trail of gun ownership. About 125,000 of those weapons have been traced back to the U.S.

    Our analyses show that U.S.-Mexico firearms trafficking has dire implications for ordinary Mexicans – and that U.S. regulatory actions can have an enormous impact. This adds to a growing body of research tying U.S.-sold guns to Mexico-based gangs and cartels, illegal drug trafficking, homicide rates, corruption of Mexican officials, illicit financial transactions and migration trends.

    Oregon guns tied to cartel

    The Jalisco Nueva Generación cartel is poised to be the biggest player in the drug cartel game. El Mencho, still at large, is one of the most powerful people directing the flow of heroin, fentanyl and methamphetamines into the United States, while orchestrating campaigns of fear, intimidation and displacement in Mexico.

    The Browning .50-caliber rifle that aided El Mencho’s evasion in 2015 was manufactured by a company based in Morgan, Utah, and legally sold to Erik Flores Elortegui, a U.S. citizen.

    Elortegui fled the country after he was indicted in Oregon for smuggling guns into Mexico and is now at the top of the ATF’s most wanted list. He wasn’t alone in his gunrunning schemes. According to a grand jury indictment, Elortegui purchased 20 firearms through an accomplice, Robert Allen Cummins, in 2013 and 2014. Cummins was straw purchasing – buying weapons under his name for Elortegui.

    Two of the .50-caliber weapons that Cummins purchased for Elortegui – the long rifles on the right – were among those later recovered from a tractor trailer in Sonora, Mexico. USA v. Robert Allen Cummins.
    USA v. Robert Allen Cummins

    Before she gave Cummins a 40-month prison sentence in 2017, Judge Ann Aiken admonished him for the pain and suffering his weapons were likely going to cause. She told him to read “Dreamland,” which chronicles America’s opioid crisis and its connection to Mexican drug cartels.

    Guns and violence

    In 2021 the ATF teamed up with academics to produce the National Firearms Commerce and Trafficking Assessment. It showed that the share of firearms trafficked to Mexico, already the top market for illegal U.S.-to-foreign gun transfer, increased by 20% from 2017 to 2021.

    Gun sales are strictly regulated within Mexico. But homicides have risen to disturbing heights – three times that of the U.S. – since the lapse of the U.S. assault weapons ban in 2004. Research suggests the two are linked.

    After their mother was killed by organized crime five years ago, Emylce Ines Espinoza-Alarcon’s sister’s family migrated to the States, she said.

    Espinoza-Alarcon, her children and other relatives were more recently driven from their homes by violence. “As a parent, you try to flee to a different place where they might be safe,” Espinoza-Alarcon said. She said she believes American weapons are to blame, but there “is nowhere else for us to go.”

    Emylce Ines Espinoza-Alarcon holds her toddler as she listens while her aunt, Alicia Zomora-Guevara, front, describes the cartel attack on her town that forced their families into exile. Zomora-Guevara’s son, Kevin Jait Alarcon-Zamora, stands to the right, and Espinoza-Alarcon’s son and teenage daughter sit on the Mexico City hotel room bed in front of her.
    Sean Campbell, CC BY-ND

    A 2023 survey found that 88% of the 180,000 Mexican migrants to the U.S. that year were fleeing violence – a flip from 2017 when most were coming for economic opportunity.

    The ATF’s enforcement

    ATF inspections keep illicit guns in check, our analysis shows.

    The agency’s primary enforcement tools are inspections, violations reports, warning letters and meetings, and, when inspectors find violations that are reckless or willfully endanger the public, revocation notices.

    But the bureau’s 2025 congressional budget request points out that it would need 1,509 field investigators to reach its goal of inspecting each dealer at least once every three years.

    The ATF is “focusing on identifying and addressing willful violations,” a spokesperson wrote in a November 2024 email, referring to the zero-tolerance revocation policy the Biden administration put in place in 2021 that dramatically increased the number of revocations.

    Meanwhile, the ATF announced in April 2025 that it was repealing the revocation policy and reviewing recent rules, including one that clarifies when a gun is a rifle. The webpage listing revocations, including detailed reports, was also removed from the ATF site.

    This is a condensed version. To learn more about the connections between U.S. gun sales, U.S. regulations, Mexican drug cartels and migration, read the full investigation

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Guns bought in the US and trafficked to Mexican drug cartels fuel violence in Mexico and the migration crisis – https://theconversation.com/guns-bought-in-the-us-and-trafficked-to-mexican-drug-cartels-fuel-violence-in-mexico-and-the-migration-crisis-256070

    MIL OSI – Global Reports –

    May 29, 2025

  • MIL-OSI Global: High electricity prices zapping your budget? Here are 5 ways to save

    Source: The Conversation – USA – By Hannah Wiseman, Professor of Law, Penn State

    Pennsylvania residents may get sticker shock when they see their electric bills this summer. Aging infrastructure, extreme weather, transmission bottlenecks and increased demand are sending electricity rates soaring.

    Widespread rate hikes across the commonwealth started in December 2024 and are continuing in 2025. Rising prices are related to how the wholesale electricity market in Pennsylvania operates, among other factors. Utilities are paying much more than in previous years to ensure they can meet their customers’ future demand, and these costs are being passed on to consumers.

    For example, Philadelphia residents were among those hit with a 10% rate increase that went into effect in January 2025 for all residential customers of PECO, Pennsylvania’s largest electric and gas utility. Some of PECO’s residential customers will see an additional 12.5% rate increase kick in on June 1, 2025.

    A notice from PECO sent May 21, 2025.

    As Penn State University professors who research energy law and electricity markets, we want to suggest five ways Pennsylvania consumers can lower their electric bills amid price hikes.

    1. Use less

    Much like when gasoline prices rise, the best response for individual consumers when electric rates go up is often to use less electricity.

    The largest efficiency improvements typically involve weatherizing a home – for example, adding insulation or sealing drafty windows and doors. Installing energy-efficient appliances such as heat pumps or changing your thermostat setting a few degrees can also save money.

    Weatherization has an added benefit: improved health. In addition to maintaining a more comfortable indoor temperature, weatherizing paired with ventilation improvements can improve indoor air quality and control indoor moisture and mold.

    Making a home more energy efficient can be tricky for low-income people, who might not be able to afford the costs, and renters, who don’t own the premises. However, Pennsylvania offers several programs to help residents make energy efficiency improvements, and organizations such as the Philadelphia Energy Authority try to reach low-income households.

    Through the state’s low income usage reduction program, eligible tenants can receive help installing energy-saving features with written permission from their landlord. The multifamily weatherization assistance program has also provided grants for weatherization measures such as insulation and “air sealing to reduce infiltration” in buildings with five or more units that meet income criteria for residents.

    In Pennsylvania, residential electricity rates are expected to climb 10% or more in each of the next three years.
    MStudioImages/E+ Collection via Getty Images

    2. Shop around – but buyer beware

    Pennsylvania has what is called “retail electricity choice,” which means residents can pick who generates their electricity. For example, consumers can shop around for different rates charged per kilowatt-hour of electricity they consume or for electricity produced from wind and solar power.

    But electricity customers cannot choose who carries that electricity to their residences. That is done by a regulated electric distribution company, or utility, with a monopoly on service.

    Consumers can sometimes reduce their bills by choosing a cheaper offer for generation. But retail choice can be risky if consumers do not carefully read the conditions of the contract.

    For example, some plans charge a higher rate than the default rate from the distribution company. Others charge different rates depending on whether the electricity is consumed during peak or off-peak hours. And still others lock customers into long contracts at a fixed price. This becomes undesirable if the default electricity rate drops lower than the contracted rate.

    3. Try solar

    For those who own their home, installing rooftop solar panels is another way to avoid higher electric bills.

    The cost of solar panels has fallen steadily for many years, and rising electric rates make the economics of solar better.

    Central Columbia High School in Bloomsburg, Pa., installed solar panels to offset power consumption.
    Paul Weaver/SOPA Images/LightRocket via Getty Images

    Pennsylvania also has fairly advantageous rules for “net metering, which allows solar homeowners to get credits from the utility for excess solar power fed back into the grid.

    For example, say a customer uses 1,000 kilowatt-hours of electricity in a month and their rooftop solar panels generate 1,200 kilowatt-hours. They won’t have to pay for the 1,000 kilowatt-hours they used, and those additional 200 kilowatt-hours will be credited on their next monthly electric bill.

    Additionally, a number of federal and state tax incentives are available for rooftop solar energy in Pennsylvania. These incentives offset some of the up-front costs of installing solar panels.

    Buying solar panels is a high up-front expense, however, even with tax credits. Programs such as Solarize Greater Philadelphia can help reduce the cost. But keep in mind that not all properties have roofs that are large, strong or sunny enough to benefit from solar.

    For homeowners with suitable roofs, third-party solar is another option. This is when a company installs and continues owning the solar panels and charges the customer a fixed rate for the electricity produced by the solar panels. This rate is typically cheaper than the rate offered by the utility. But as with any contract, consumers need to read the fine print carefully and understand the long-term obligation.

    4. Go to a public hearing

    Local electric utilities are regulated by the Pennsylvania Public Utility Commission. Pennsylvania residents can file formal complaints with the PUC about rate hikes, or they can attend one of PUC’s public input hearings.

    At these hearings, consumers can voice their concerns or argue against certain utility expenditures, such as lobbying expenses that utilities sometimes recoup through charges to customers.

    Consumers might want to pay particular attention to the commission’s proceedings as it considers new electric rates and regulation for data centers and other large-load customers. These rates will determine which costs are shouldered by the data center operators and which costs wind up on the electric bills of all Pennsylvanians.

    Consumers can file comments to advocate for a rate-sharing plan they believe will be fair.

    5. Think holistically

    As Americans continue to digitize their lives, electricity demand – and therefore prices – will likely continue to rise.

    Existing electric power grids are strained by increasing demand.
    Joe Raedle via Getty Images

    Given that growing electricity demand contributes to higher future rates, consumers may want to think about the energy-intensive online applications they use, such as data storage and all the AI features that tech companies are integrating into their products.

    Consumers might also want to consider the types of energy they want produced in their neighborhood. Many people understandably oppose constructing new energy facilities in their communities due to the aesthetic impacts, use of land and in some cases pollution. But this opposition can also slow the construction of new energy generation.

    Better processes for community involvement can enable the construction of generation with fewer negative impacts. These processes include, among other things, more detailed developer-community discussions and more comprehensive and thoughtful community benefits agreements. These agreements allow communities to negotiate services and resources that the energy developer will provide them. Such offerings might include vocational training programs, financial or other donations, or commitments to hire local labor.

    Read more of our stories about Philadelphia and Pennsylvania.

    Hannah Wiseman receives or has recently received funding from the Alfred P. Sloan Foundation, Arnold Ventures, U.S. National Science Foundation, U.S. Department of Energy, Center for Rural Pennsylvania, and the Pennsylvania Department of Environmental Protection. She is a member of the Center for Progressive Reform.

    Seth Blumsack receives or has recently received funding from the Alfred P. Sloan Foundation, Heising Simons Foundation, U.S. National Science Foundation, U.S. Department of Energy, NASA, U.S. Federal Aviation Administration, Center for Rural Pennsylvania and the Pennsylvania Department of Environmental Protection.

    – ref. High electricity prices zapping your budget? Here are 5 ways to save – https://theconversation.com/high-electricity-prices-zapping-your-budget-here-are-5-ways-to-save-256049

    MIL OSI – Global Reports –

    May 29, 2025

  • MIL-OSI Russia: Financial News: Russian Economy and Financial System Remain Stable

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The Russian economy has continued to grow over the past six months. The position of banks and other financial institutions remains stable, including due to the fact that the Bank of Russia tightened regulation in a timely manner.

    Most companies have enough profit to service their loans and will be able to comfortably ride out the period of economic slowdown and high rates.

    The measures of the Bank of Russia, as well as the budget rule, will help maintain macroeconomic stability and the sustainability of the financial system.

    Read more in the next Financial Stability Review.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24645

    MIL OSI Russia News –

    May 29, 2025

  • MIL-OSI Russia: Financial News: Cryptocurrency-Linked Financial Instruments to Become Available to Qualified Investors

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    Financial institutions may offer qualified investors derivative financial instruments, securities and digital financial assets, the profitability of which is tied to the value of cryptocurrency. The key condition is that such instruments should not provide for the actual delivery of cryptocurrency.

    For credit institutions recommended conservatively assess the risks of such instruments: provide for their full coverage by capital, and also set a separate limit for them. During the year, the Bank of Russia plans to formalize a conservative approach to regulating the risks of credit institutions associated with changes in the value of cryptocurrencies.

    The Bank of Russia still does not recommend financial institutions and their clients to invest directly in cryptocurrencies. Proposals of the Bank of Russia on the launch of an experimental regime, where only certain categories of investors will be able to make transactions with cryptocurrencies, are being approved by the Government.

    Preview photo: Timofeev Vladimir / Shutterstock / Fotodom

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24647

    MIL OSI Russia News –

    May 29, 2025

  • MIL-OSI United Nations: 28 May 2025 Departmental update Member States endorse World Prematurity Day as official global health campaign

    Source: World Health Organisation

    Preterm births – defined as births that occur before 37 completed weeks of pregnancy – are the leading cause of death amongst children aged under 5 years. Complications such as difficulties breathing, infections and hypothermia are common, while survivors can face significant and long-term disability and ill health.  

    The WHA decision document urges countries to expand access to proven, high-impact interventions, like special newborn care units, support for affected families and kangaroo mother care (KMC), which combines exclusive breastfeeding and skin-to-skin contact. For prevention, the document highlights the need to strengthen antenatal services and more broadly, improve women’ underlying health. 

    “Recognizing this is a crucial issue increasingly shaping child health and survival, WHO welcomes the decision to incorporate World Prematurity Day into its official calendar,” said Dr Anshu Banerjee, Director of Maternal, Newborn, Child and Adolescent Health and Ageing. “It will be an important opportunity to educate, raise awareness and advocate for action to tackle this leading cause of child mortality, while highlighting the need for additional practical, financial and policy support for affected families.” 

    In 2022, WHO released new clinical guidelines for care of preterm and low birthweight infants, with new guidance to help countries expand kangaroo mother care expected later this year. Alongside partners, the Organization also supports countries to deliver comprehensive newborn care packages, including special services for small and sick babies. 

    World Prematurity Day has been observed for over a decade, driven by advocacy from families, civil society, and health professionals. Its formal recognition by WHO is expected to further galvanize global attention and action to this critical issue for maternal and child health. 

    The decision was agreed following discussions on the Global Strategy for Women’s, Children’s and Adolescents’ Health (2016–2030). It aligns with the 2023 WHA Resolution to accelerate progress in maternal, newborn, and child survival, as well as the 2025 World Health Day theme: “Healthy beginnings, hopeful futures.” 

    World Prematurity Day will be officially marked by WHO, Member States, and partners on November 17, starting in 2025. 

    Related document: 

    “,”datePublished”:”2025-05-28T08:00:00.0000000+00:00″,”image”:”https://cdn.who.int/media/images/default-source/mca/maternal-nb/who_20210325_eth_240-min.jpg?sfvrsn=797b47ff_12″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-05-28T08:00:00.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news/item/28-05-2025-member-states-endorse-world-prematurity-day-as-official-global-health-campaign”,”@context”:”http://schema.org”,”@type”:”NewsArticle”};
    ]]>

    MIL OSI United Nations News –

    May 29, 2025

  • MIL-OSI United Nations: 28 May 2025 Departmental update WHO announces the development of recommendations on doxycycline prophylaxis for the prevention of sexually transmitted infections

    Source: World Health Organisation

    WHO is convening a Guideline Development Group (GDG) for the development of evidence-based Clinical guidelines on doxycycline prophylaxis for prevention of sexually transmitted infections (STIs).

    WHO estimates that 374 million new cases of curable STIs occur annually. To reduce the burden of infection and its associated complications, the Global health sector strategy 2022-2030 lists the identification and implementation of novel evidence-based strategies for STI prevention as one of the key action items. Doxycycline post-exposure prophylaxis, i.e. doxycycline taken after unprotected sex, is such a novel intervention that could be considered for STI prevention.

    GDG members will contribute to the review of evidence and will propose recommendations through the GRADE methodology. They will participate in the GDG meeting, which will be held in a series of virtual sessions on 25 and 26 June 2025.

    The general objective of this meeting is to develop recommendations on use of doxycycline post-exposure prophylaxis for the prevention of bacterial STIs (syphilis, chlamydia and gonorrhoea) for men who have sex with men and transgender people. The specific objectives include:

    • to review the evidence and support the evidence-to-decision process through the GRADE methodology including benefits versus harms, values and preferences, feasibility, resource use, equity and cost; and
    • to formulate recommendations based on the evidence review including potential implementation considerations and the research gaps.

    Guideline Development Group composition

    In accordance with WHO guidelines for developing recommendations, the GDG is composed of members from all WHO regions, serving in their individual capacities rather than as representatives of affiliated organizations. GDG members were selected by WHO technical staff based on their technical expertise, their role as end-users (e.g., programme managers and healthcare providers), and their representation of affected communities. Members do not receive financial compensation for their contributions to this process.

    Call for public comments

    To ensure transparency and inclusivity, WHO invites members of the public and interested organizations to review the biographies of the GDG members and provide feedback. Comments can be submitted via email to hiv-aids@who.int by latest 11 June 2025. This feedback helps WHO develop high-quality guidelines that reflect diverse perspectives and respond to the needs of communities worldwide.

    MIL OSI United Nations News –

    May 29, 2025

  • MIL-OSI China: Major investment banks raise 2025 China economic growth forecasts

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

    BEIJING, May 28 — Leading financial institutions, including Goldman Sachs, J.P. Morgan and Morgan Stanley, have recently raised their forecasts concerning China’s GDP growth in 2025, given that China’s pro-growth policies are helping the Chinese economy maintain its growth momentum, while recent China-U.S. trade talks in Geneva have also yielded substantive results.

    Goldman Sachs released a research report on May 13, in which it decided to raise its forecast for China’s GDP growth in 2025 by 0.6 percentage points, elevating it from 4 percent to 4.6 percent.

    “We are raising our forecasts for China’s 2025 export value growth to 0 from -5 percent previously,” said Shan Hui, chief China economist at Goldman Sachs. Accordingly, within the GDP breakdown by the expenditure approach, Goldman Sachs raised the net export contribution to China’s GDP growth prediction from -0.5 percentage points to 0.1 percentage points.

    Nomura, meanwhile, also increased China’s GDP growth forecast in a report released on May 19. According to the report, the easing of trade tensions between China and the U.S. is a material positive for China’s economy, especially for Q2, as exporters might try to front-load their shipments before the 90-day tariff pause ends. In addition, retail sales in China produced a robust performance in Q1 with the support of its expanded trade-in program.

    Notably, China’s National Bureau of Statistics revealed that retail sales of consumer goods, a major indicator of the country’s consumption strength, had expanded 5.1 percent year on year in China in April.

    “As such, we have raised our Q2 GDP growth forecast from 3.7 percent year on year to 4.8 percent, and slightly raised both Q3 and Q4 growth forecasts from 3.6 percent to 4 percent. For the entire year, we have increased our GDP growth forecast to 4.5 percent year on year from 4 percent,” said Lu Ting, chief China economist at Nomura.

    J.P. Morgan revised China’s GDP growth forecast to 4.8 percent year on year from 4.1 percent. Zhu Haibin, chief China economist at J.P. Morgan, cited a slew of pro-growth measures as major contributors to sound economic growth amid trade headwinds.

    “Since the end of September last year, China has witnessed the most profound and extensive policy adjustment in recent years,” Zhu said, adding that China has proposed a raft of more proactive fiscal policy measures this year, including setting the deficit-to-GDP ratio at around 4 percent and issuing more government bonds to shore up the economy.

    Morgan Stanley raised China’s GDP growth forecast by 0.3 percentage points to 4.5 percent, citing improving household and public consumption in China in 2025.

    According to Xing Ziqiang, chief China economist at Morgan Stanley, the key driver of personal consumption growth will likely be the consumption goods trade-in program, with coverage expanded to include less-durable goods. He added that public consumption growth is also expected to rise thanks to the government debt swap program.

    “AI breakthroughs this year have reminded the market about China’s often-overlooked supply chain and innovation strength abundance, supported by a robust ecosystem that integrates infrastructure, data, talent and energy. We believe the AI revolution will give a boost to China’s potential GDP over the medium term by generating more labor equivalent value,” said Xing.

    Financial institutions, including Standard Chartered and UBS, have also published views that the Chinese economy had displayed strong resilience amid uncertainties — with helpful fiscal and monetary policies taking effect.

    “Data showed strong growth in retail sales of goods subsidized as part of the government’s consumer goods trade-in program and solid expansion in infrastructure and manufacturing investment, supported by frontloaded government bond issuance. These factors likely will remain supportive for growth in Q2,” read a Standard Chartered report released on May 21.

    Thomas Fang, head of China global markets at UBS, said this basket of government policies has sent a strong signal to stabilize growth, injecting solid and predictable confidence into the real economy and capital market.

    Moreover, several high-profile bankers have visited China recently, including Chair of Citigroup John Dugan and CEO of Carlyle Group Harvey Schwartz. They have expressed optimism about the prospects of China’s economic development and willingness to commit to long-term cooperation with China.

    MIL OSI China News –

    May 29, 2025

  • MIL-OSI Europe: AFRICA/BENIN – Bishops express solidarity with the families of the victims: Two bloody attacks by jihadists in three months worry the population

    Source: Agenzia Fides – MIL OSI

    Wednesday, 28 May 2025

    Cotonou (Agenzia Fides) – “The Bishops of Benin express their deepest sympathy to the entire nation and to the grieving families of our soldiers who fell in the line of duty,” said the Bishops of Benin on the sidelines of the 75th Plenary Assembly of the Bishops’ Conference, which took place from May 21 to 23. The bishops commemorated the 54 soldiers killed in two attacks by an Islamist terrorist group on April 17 in the north of the country. “Aware of the sacrifices made to preserve peace and security in our country, we pray for the eternal rest of these heroes.”The bishops also remembered the soldiers who continue their mission against terrorism in northern Benin. “We also pray for their brothers and sisters in arms who are still on the front lines, that the Lord may be their shield and their protection.”The attack on April 17, the bloodiest since the beginning of Islamist attacks in 2019, shocked the people of Benin. One hundred fighters belonging to the “Group for the Support for Islam and Muslims” (JNIM) on motorcycles simultaneously attacked two army outposts, one located in the so-called “tri-border area” (where the borders of Benin, Niger, and Burkina Faso converge), while the other is stationed near the Koudou Falls, not far from the town of Banikoara. On January 8, an Islamist attack near Karimama, in the same region, killed about 30 soldiers. The tri-border area has become an unsafe zone due to the presence of Islamist groups, which often collaborate with fuel traders in neighboring Nigeria. On the Beninese side, the area is part of the Pendjari National Park, one of the country’s five nature reserves.Meanwhile, the presence of Islamist groups also jeopardizes the conservation of the area’s biodiversity and threatens tourism, which plays a vital role in the local economy. As part of Operation “Mirador,” the Beninese army has deployed around 3,000 soldiers along the border in the north of the country, where defensive barriers have been erected with the help of drones and satellite images to thwart Islamist attacks, while the country’s defense budget has been increased by 50 percent. However, this is not enough to thwart the actions of Islamist terrorist groups in eastern Burkina Faso, a country with which the Beninese authorities are struggling to coordinate to face the common threat. (L.M.) (Agenzia Fides, 28/5/2025)
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    MIL OSI Europe News –

    May 29, 2025

  • MIL-OSI Europe: ASIA/SRI LANKA – Cardinal Ranjith: “Hope, the word that describes the spirit that prevails in Sri Lanka”

    Source: Agenzia Fides – MIL OSI

    Colombo (Agenzia Fides) – “Sri Lanka is going through a period of profound political and democratic renewal. Since November 2024, we have had a new president and a new parliament, with an absolute majority, changing the old power structure linked to a corrupt political class guilty of abuse of power and human rights violations. In a country that has emerged from a serious social and economic crisis, a new hope is emerging,” said Cardinal Albert Malcolm Ranjith, Archbishop of Colombo, in an interview with Fides. “Hope,” the Cardinal said, is precisely the right word to describe the spirit that prevails in the country today. And we Catholics celebrate the Jubilee of Hope so that our actions, our thoughts, our words, our direction are fully in line with what is happening politically, socially, culturally, and spiritually in the nation.” In the last election, “a change was expected, and it has happened: a socialist-oriented government is now in office, one that appears honest and committed to the welfare of the people and aware of its responsibilities, a government that intends to combat poverty and care for the well-being of the most disadvantaged social classes,” he notes. “The new government,” he says, “has started a new era and set to work to bring justice to those who have suffered injustice in the past, those who are in prison or have suffered violations of fundamental rights. And it is doing so through legality, with full respect for the principles of the rule of law.” “One area to which the government of new President Anura Kumara Dissanayake is devoting resources and attention,” the Cardinal said, “is the country’s economy. It is slowly recovering from the crisis and following the recommendations of the International Monetary Fund, which, in turn, has granted loans. We are in a phase of recovery, and tourism is also in a phase of recovery, and this bodes well, as it is an important sector of our economy that contributes to wealth creation.” “Of course,” Cardinal Ranjith continued, “the recovery process will take at least a few years, but we are on the right track. There is a certain optimism among the population today; we see a responsible political class and a president in whom people place their trust. The majority of the Catholic population has also supported him, and the Church has good relations with the government. There are good prospects for cooperation.”There is still an open wound in the relationship between the Catholic Church and political institutions, the Cardinal told Fides: “It is a question of justice, that is, the search for the perpetrators, executors, and sponsors responsible for the Easter terrorist attacks on churches and hotels in 2019, and their prosecution. President Dissanayake has announced a new investigation to create transparency and find the truth. We are hopeful because a commission has already been set up, which also regularly interviews some of our priests. From the beginning, we have demanded truth and justice against the cover-up of the case. Now we are waiting for a trial and for the real responsibilities or complicity within the state apparatus to come to light. The victims are waiting for justice.” In this context, the Cardinal is grateful that the Holy See has decided to include the 167 Catholic faithful who were murdered in a church in Sri Lanka on Easter Sunday, April 21, 2019, in the catalogue of “Witnesses of the Faith of the 21st Century” compiled by the Dicastery for the Causes of Saints and presented in the Jubilee Year.In the meantime, he says, “the daily life of the Church continues; we walk as the people of God; we continue our social, educational, and charitable activities at the service of humanity. The parishes are celebrating the Holy Year; each diocese has prepared a calendar of celebrations and spiritual initiatives: for us, it is a moment of inner renewal and a new beginning with a new impulse that comes from the Lord. The theme of hope fits the feeling in people’s hearts: in this phase, we are bearers of hope; we have the hope that comes from God. We listen and offer our strength so that the Lord may complete his work and we may do our part humbly and with faith.”Regarding the election of Pope Leo XIV, the Cardinal says: “We see him as a person who, thanks to his missionary experience, is attentive to the reality of all the Churches. I believe that in him we will have a solid point of reference. With his reference to Pope Leo XIII, he told us that the Church today is called to offer Christian responses to modern times. We trust in his humble and wise leadership.” (PA) (Agenzia Fides, 28/5/2025)
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    MIL OSI Europe News –

    May 29, 2025

  • MIL-OSI: FDCTech Engages E.F. Hutton to Lead Capital Raise and Advise on Uplisting to a Senior Exchange

    Source: GlobeNewswire (MIL-OSI)

    E.F. Hutton’s leadership has advised on over $750 million in private credit deals, reinforcing its commitment to strategic financing and diversified investment solutions.

    Irvine, CA, May 28, 2025 (GLOBE NEWSWIRE) — FDCTech, Inc. (“FDC” or the “Company,” PINK: FDCT), a fintech-driven firm specializing in acquiring and scaling small to mid-size legacy financial services companies, today announced that it has engaged E.F. Hutton & Co. LLC (“E.F. Hutton”) as its financial advisor. E.F. Hutton will provide general financial advisory services to FDCTech, including assistance in identifying and evaluating financing opportunities and potential strategic transactions. The engagement letter with E.F. Hutton became effective as of May 23, 2025.

    E.F. Hutton, a brokerage firm under the leadership of Chief Executive Officer Joseph T. Rallo, has advised on over $750 million in private credit transactions across sectors including consumer, defense, industrials, healthcare, real estate, and technology. The firm’s global expertise in complex financial transactions and strategic capital solutions will help FDCTech pursue its growth and capital raise initiatives.

    Since December 2021, FDCTech has been rapidly growing its revenue and balance sheet, reflecting the success of its expansion and integration strategy. In February 2025, the Company engaged Lucosky Brookman LLP, a nationally recognized corporate and securities law firm, to assist in exploring an uplisting to a senior national securities exchange, such as the Nasdaq Capital Market or the New York Stock Exchange. Today’s announcement of E.F. Hutton’s engagement is another crucial step in the Company’s plan to pursue an uplisting and access broader capital markets.

    By leveraging E.F. Hutton’s extensive global network and deep industry relationships, FDCTech aims to accelerate its growth trajectory in 2025 and beyond, in line with its mission to become a leader in diversified financial services driven by its proprietary technology infrastructure. The Company intends to capitalize on E.F. Hutton’s advisory and capital markets expertise to support its multi-jurisdictional growth strategy and maximize long-term shareholder value.

    For more information on the Company’s results and strategic plans, please visit our SEC filings or the Company’s website.

    E.F. Hutton

    E.F. Hutton & Co. is a broker-dealer headquartered in New York, NY that provides advisory and financing solutions to a variety of clients including corporates, sponsors, and public-private partnerships. The Executive Team at E.F. Hutton & Co. has a proven track record of providing unwavering strategic advice to clients across the globe, including the US, Asia, Europe, UAE, and Latin America.

    Lucosky Brookman LLP

    Lucosky Brookman LLP is a full-service corporate and securities law firm providing sophisticated legal representation to public and private companies, institutional investors, and entrepreneurs. The firm specializes in capital markets, mergers and acquisitions, regulatory compliance, and corporate governance. With extensive experience in securities law and exchange listings, Lucosky Brookman assists companies in navigating complex financial transactions and regulatory frameworks.

    FDCTech, Inc.

    FDCTech, Inc. (“FDC”) is a regulatory-grade financial technology infrastructure developer designed to serve the future financial markets. Our clients include regulated and OTC brokerages and prop and algo trading firms of all sizes in forex, stocks, commodities, indices, ETFs, precious metals, and other asset classes. Our growth strategy involves acquiring and integrating small to mid-size legacy financial services companies, leveraging our proprietary trading technology and liquidity solutions to deliver exceptional value to our clients.

    Press Release Disclaimer

    This press release’s statements may be forward-looking statements or future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

    Contact Media Relations

    FDCTech, Inc.
    info@fdctech.com
    www.fdctech.com
    +1 877-445-6047
    200 Spectrum Center Drive, Suite 300,
    Irvine, CA, 92618

    The MIL Network –

    May 29, 2025

  • MIL-OSI: Plymouth Rock Home Assurance Corporation Names Colleen Finn as Chief Marketing Officer

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 28, 2025 (GLOBE NEWSWIRE) — Plymouth Rock Home Assurance Corporation today announced that Colleen Finn has been appointed as Chief Marketing Officer, effective immediately. In this role, Finn will be responsible for the marketing and distribution strategy for Plymouth Rock’s Home company across all six states in which it does business.

    “Colleen has embraced rapid invention and disciplined execution of Plymouth Rock’s innovative approach to home insurance,” said Bill Martin, President and CEO, Plymouth Rock Home Assurance Corporation. “It is a rare and highly sought after honor to be made an officer at Plymouth Rock but rarely is there so obvious a fit for the role as Colleen. We look forward to seeing how she will apply her highly motivated creativity to our marketing team.” 

    As CMO, Finn brings over a decade of property and casualty insurance expertise to lead all aspects of marketing for Plymouth Rock’s Home Insurance Group. She will be responsible for building and executing growth strategies to help Plymouth Rock continue to build on its success as a leading provider of property insurance across the Northeast. Finn’s responsibilities include distribution through direct-to-consumer and strategic partnership channels, as well as through the independent agency channel in partnership with Plymouth Rock’s Independent Agency Group.

    “The insurance industry landscape continues to change and evolve, which presents unique opportunities for growth,” said Finn. “Plymouth Rock has a 40-year history of finding innovative ways to deliver the kinds of products and services that our customers and agency partners are looking for. I’m excited for the opportunity our marketing team has to build on Plymouth Rock’s forward-thinking approach to home insurance.”

    Prior to her appointment as CMO, Finn served as Managing Director of Product Management at Plymouth Rock Home Assurance Corporation, where she led a dedicated team focused on profitable growth for the various home insurance products. Before joining Plymouth Rock, Finn spent nine years at Liberty Mutual where she led distribution analytics and product management teams, and was instrumental in driving strategic initiatives, leveraging analytics, and achieving measurable results.

    Finn did her undergraduate work at Keene State College in New Hampshire. She currently lives in Stratham, New Hampshire with her husband and three children.

    About Plymouth Rock
    Plymouth Rock was established to offer its customers a higher level of service and a more innovative set of products and features than they would expect from an insurance company. Plymouth Rock’s innovative approach puts customers’ convenience and satisfaction first, giving them the choice to do business the way they want—online, with a mobile app, by phone, or by contacting their Plymouth Rock agent. Customers can chat, text, or email to get answers quickly and easily. Plymouth Rock Assurance® and Plymouth Rock® are brand names and service marks used by separate underwriting, managed insurance, and management companies that offer property and casualty insurance in multiple states. Taken together, the companies write and manage more than $2.3 billion in auto and home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York, and Pennsylvania.

    Each underwriting and managed insurance company is a separate legal entity that is financially responsible only for its own insurance products. You can learn more about us by visiting plymouthrock.com.

    Contacts
    Media Relations
    617-428-1949
    mediarelations@plymouthrock.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90ffcbed-eade-4058-8fa8-ffda55cb10ae

    The MIL Network –

    May 29, 2025

  • MIL-OSI: Primech A&P Secures New Contracts and Extensions Worth Over $2.6 Million for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 28, 2025 (GLOBE NEWSWIRE) — Primech A & P, a subsidiary of Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced several newly secured contracts and extensions for the first quarter of 2025, with a total value exceeding $2.59 million.

    The latest contract wins and extensions include:

    • Secured a 2-year contract (January 2025 to December 2026) valued at $774,470 for public area cleaning and housekeeping services at a prominent international hotel chain in Singapore’s prime Orchard Road shopping district.
       
    • Secured a 2-year contract (April 2025 to March 2027) valued at $676,150 for comprehensive cleaning services at a premium residential condominium development.
       
    • Secured a 6-month extension (January through June 2025) valued at $563,620 for specialized cleaning services at a popular themed food destination within a major tourist attraction in Singapore.
       
    • Secured a 1-year contract (May 2025 to April 2026) valued at $257,540 for cleaning services at an upscale residential condominium development in Singapore.
       
    • Secured a 4-month extension (January through April 2025) valued at $168,150 for public area cleaning services at a prestigious international hotel in Singapore’s Central Business District.
       
    • Secured a 1-year contract (January 2025 to January 2026) valued at $148,230 for cleaning services at a mid-sized residential condominium, expanding Primech’s residential service portfolio.

    Mr. Khazid Omar, Chief Operating Officer of Primech A & P, commented, “We are delighted to announce these significant new contract wins and extensions across multiple sectors. These agreements underscore our clients’ confidence in our service quality and reflect our focus on expanding our presence in the premium residential and hospitality markets. As we continue integrating advanced technologies into our operations, we remain committed to delivering exceptional facility services tailored to each client’s unique requirements. These contracts provide a strong foundation for our growth trajectory in 2025 and beyond.”

    About Primech Holdings Limited

    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:

    Email: ir@primech.com.sg

    Investor Relations Contact:        

    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

    May 29, 2025

  • MIL-OSI: Orange Bank Appoints Stephanie Melowsky to Lead Legal Services Division, Overseen by Industry Veteran Joseph Ruhl

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., May 28, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Co., the market-leading financial institution dedicated to serving the legal services industry and an economic engine of New York’s Hudson Valley for more than 133 years, today announced the appointment of Stephanie Melowsky, Esq. as the leader of its Legal Services Industry Specialty.

    Stephanie is an attorney who has worked in the banking industry for more than 20 years. She will work closely with Joseph Ruhl, Esq. who has been with the Bank for more than 10 years and is a highly regarded expert on Interest on Lawyer Account (IOLA) and attorney escrow accounts.

    This strategic move further solidifies Orange Bank’s commitment to providing unparalleled financial expertise and tailored banking solutions to attorneys and law firms throughout Orange, Rockland, Westchester and the Bronx. Stephanie’s leadership, experience, and local network, combined with Joe’s deep understanding of the legal profession and its unique financial requirements, will be crucial in further developing the Bank’s specialized suite of products and services designed specifically for attorneys, including tailored lending options, trust account management, and practice management solutions.

    “Orange Bank has long been recognized as a trusted partner and advisor in the lawyer banking sector, regularly hosting and providing CLE classes on topics such as ethical considerations concerning escrow accounts and protecting lawyers against cyber-based fraud on their bank accounts,” said Michael Gilfeather, President and CEO, Orange Bank & Trust Company. “Stephanie’s appointment represents an exciting new chapter for the Bank’s Legal Services Industry Specialty. With her leadership and Joe’s industry knowledge, we are even better positioned to serve and anticipate the evolving needs of our attorney and law firm clients.”

    Joe, a valued member of the Orange Bank team and a former practicing attorney, brings a unique perspective to lawyer and law firm banking needs. Prior to joining Orange Bank & Trust in 2015, Joe was the head of the legal services division at Hudson Valley Bank. His extensive knowledge of IOLA regulations and attorney escrow accounts has made him a frequent lecturer on attorney banking issues and a thought leader within the legal community. In collaboration with Stephanie, Joe will provide invaluable guidance and ensure Orange Bank’s offerings continue to meet the highest ethical and practical standards of the legal profession.

    Orange Bank’s dedicated focus and unique product offerings have established it as the “go-to” financial partner for attorneys seeking specialized financial guidance. The Bank’s commitment extends beyond traditional banking services, offering valuable insights and resources to support the financial well-being and success of legal professionals.

    Stephanie said, “I am thrilled to join Orange Bank and continue to grow the Legal Services Industry Specialty. The Bank’s stellar reputation and commitment to serving attorneys is truly impressive, and I look forward to working alongside Joe and the team to build upon this strong foundation and deliver even greater value to our clients.”

    “Stephanie’s expertise is a tremendous asset to our Legal Services Industry Specialty, and I am confident that together we will provide the exceptional service and specialized knowledge that our attorney clients have come to expect,” said Joe.

    About Orange Bank & Trust Company
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, payment processing and wealth management services. For more than 133 years, Orange Bank & Trust Company has been an economic engine of the community, with more than $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, creating jobs for generations of residents, spurring region-defining developments, and maximizing investments to neighborhood-serving non-profits. The Bank is regularly recognized as one of New York’s top places to work.

    Contact Info: Candice Varetoni, AVP Marketing Officer,
    Cvaretoni@orangebanktrust.com

    The MIL Network –

    May 29, 2025

  • MIL-OSI: Signing Day Sports Progresses Transaction and Executes Definitive Agreement with BlockchAIn Digital Infrastructure, a Profitable Data Hosting Company

    Source: GlobeNewswire (MIL-OSI)

    Proposed business combination will create a public company engaged in Crypto Mining, Artificial Intelligence (“AI”), and High-Performance Computing (“HPC”) Data Hosting Markets

    BlockchAIn Digital Infrastructure Generated Audited Revenue of $26.8 million and Net Income of $5.7 million in 2024

    Includes an Earnout if BlockchAIn Digital Infrastructure achieves or exceeds EBITDA of $25 million for 2026

    Transaction to be completed at a significant premium to SGN’s current stock price

    SCOTTSDALE, AZ, May 28, 2025 (GLOBE NEWSWIRE) — Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the signing of a definitive business combination agreement (“Business Combination Agreement” or “BCA”) to acquire 100% of the issued and outstanding membership interest of One Blockchain LLC (“One Blockchain”) (the operating affiliate company of BlockchAIn Digital Infrastructure) (One Blockchain and BlockchAIn Digital Infrastructure collectively, “blockchAIn Digital Infrastructure” or “blockchAIn DI”) which will operate a crypto mining, AI and HPC data hosting company with plans for 200MW in total power capacity from facilities in South Carolina and Texas. The proposed transaction was previously announced on April 14, 2025 following the signing of a non-binding letter of intent.

    The transaction will be effected through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of BlockchAIn Digital Infrastructure, Inc. (“PubCo”). The transaction between One Blockchain and Signing Day Sports is expected to result in the combined company being traded on the NYSE American. Signing Day Sports will not be required to make any cash payment to One Blockchain or its securityholders in connection with the transaction. One Blockchain will continue to operate under blockchAIn DI’s management team led by Chairman and CEO Jerry Tang.

    In 2024, blockchAIn Digital Infrastructure generated audited revenue of approximately $26.8 million and net income of approximately $5.7 million.

    The market for digital infrastructure—including crypto mining, HPC, and AI-related computing—is evolving rapidly as demand for energy-efficient processing power continues to grow. Amid increasing sustainability standards and renewed emphasis on domestic infrastructure, blockchAIn Digital Infrastructure is positioned to pursue opportunities across a wide range of compute-intensive applications.

    blockchAIn Digital Infrastructure’s current operations include a 40 MW crypto mining hosting facility in South Carolina with expansion capability to 50 MW for third-party crypto miners in South Carolina, subject to utility approval. blockchAIn Digital Infrastructure anticipates transitioning to internally owning and mining crypto currency at their South Carolina facility in late 2025 or early 2026, to facilitate revenue and earnings growth. blockchAIn Digital Infrastructure is also in the process of commissioning a new 150MW crypto mining, AI and HPC data hosting facility in Texas with favorable economics with 34.5kV of interconnectivity to the grid for activation in late 2026. The Texas facility can be modularly built providing flexibility for crypto mining and/or AI and HPC data hosting activities. It is currently anticipated that the first 100MW will be initially focused on internally owned crypto mining operations and the remaining 50MW of capacity used for AI and HPC data hosting. This capital efficient and flexible modular business model will provide blockchAIn DI with optionality to pursue different revenue mixes as the crypto mining, AI and HPC markets continue to develop.

    Signing Day Sports views the proposed transaction as a compelling opportunity to enhance its platform by combining with a technology-driven business with strong fundamentals and scalable infrastructure.

    Danny Nelson, Chief Executive Officer of Signing Day Sports, stated, “This transaction marks an exciting new chapter for Signing Day Sports, which we are confident has potential to bring substantial value to the stakeholders of both parties. blockchAIn DI’s scalable, cash-flowing bitcoin mining and AI data center platform positions the combined company to capitalize on the fast-growing HPC hosting market. With a 40 MW mining site in South Carolina with 10 MW expansion capacity and the significant upside potential resulting from the planned commissioning of a new facility in Texas, blockchAIn Digital Infrastructure is strategically positioned to meet the growing HPC workload demands, and we could not be more thrilled to deliver this unique growth opportunity to our shareholders.”

    Jerry Tang, Chief Executive Officer of One Blockchain, added, “We are excited about the proposed transaction between blockchAIn Digital Infrastructure and Signing Day Sports, and the significant potential for value creation for both parties. In only a few short years since our inception, blockchAIn Digital Infrastructure has experienced rapid growth scaling to approximately $26.8 million in revenue and approximately $5.7 million in net income in 2024. Supported by our cash flow generation, we are positioned to become a leader in providing and operating sustainable, blockchain computing infrastructure and progress our significant growth goals forward. In the near term, blockchAIn Digital Infrastructure will look to bring bitcoin mining in-house, expand our South Carolina facility to 50MW, and build out our proposed 150MW facility in Texas to support the large demand for hosting services driven by various AI and mining applications. The business combination with Signing Day Sports will enable us to accelerate our robust growth in the public markets, and we look forward to executing on our business plan to drive value for all shareholders.”

    Terms of the Transaction

    The business combination will be effectuated through a holding company structure, whereby Signing Day Sports and One Blockchain will become subsidiaries of PubCo through merger transactions. Under the BCA, the consideration to be paid at closing to the securityholders of One Blockchain will be comprised of PubCo common shares with a value of approximately $215.0 million, subject to an exchange ratio and other certain adjustments, at an implied diluted value per share for PubCo of $5.12 (including adjustment as applicable for exchange listing purposes). Upon the closing of the business combination, the stock held by the stockholders of Signing Day Sports immediately before the closing of the transaction will be converted into the right to receive approximately 8.5% of the outstanding common stock of the combined company, and the equity securities of One Blockchain held by One Blockchain’s equity securityholders immediately before the closing of the transaction will be converted into the right to receive approximately 91.5% of the outstanding common shares of the combined company before fees and commissions to third parties. The board of directors of PubCo post-transaction will be comprised of no less than five (5) and no greater than seven (7) directors. At least one director will be designated by Signing Day Sports, and One Blockchain will designate the remaining directors.

    The BCA also includes an earnout, in which additional PubCo shares equaling 11.628% of the total number of shares of PubCo issued to One Blockchain’s securityholders at closing will be issued to such former One Blockchain securityholders (the “Earnout Shares”). The Earnout Shares will be issued if PubCo achieves or exceeds net income plus interest, taxes, depreciation and amortization (“EBITDA”) of $25 million for the fiscal year ending December 31, 2026.

    The boards of both companies have unanimously approved the signing of the BCA. The proposed transaction is expected to close late in the second half of 2025, subject to satisfying certain customary closing conditions, including the receipt of approvals from Signing Day Sports’ shareholders and the listing of PubCo registered common shares on the NYSE American.

    The Business Combination Agreement contains customary representations, warranties and covenants made by Signing Day Sports and One Blockchain, including covenants that both parties use their commercially reasonably efforts to cause the transactions contemplated by the agreement to be completed, regarding obtaining the requisite approval of Signing Day Sports’ shareholders, regarding indemnification of directors and officers, and regarding Signing Day Sports’ and One Blockchain’s conduct of their respective businesses between the date of signing of the BCA and the closing. The BCA also contains certain termination rights for both Signing Day Sports and One Blockchain.

    The Signing Day Sports board of directors has recommended to Signing Day Sports shareholders that they vote to approve the BCA and the transaction. Signing Day Sports also received a fairness opinion in connection with the transaction.

    A more complete description of the terms of and conditions of the proposed transaction and related matters will be included in a current report on Form 8-K to be filed by Signing Day Sports with the U.S. Securities and Exchange Commission (“SEC”). A copy of the BCA will be attached as an exhibit to Form 8-K. All parties desiring details regarding the terms and conditions of the proposed transaction are urged to review that Form 8-K, and the exhibits attached thereto, which will be available on the SEC’s website found at www.sec.gov.

    Advisors

    Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to blockchAIn Digital Infrastructure. Loeb & Loeb LLP is serving as counsel to blockchAIn Digital Infrastructure. Bevilacqua PLLC is serving as counsel to Signing Day Sports.

    Signing Day Sports

    Signing Day Sports’ mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports’ app allows student-athletes to build their Signing Day Sports’ recruitment profile, which includes information college coaches need to evaluate and verify them through video technology.  For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.

    Additional Information and Where to Find It

    In connection with the proposed business combination, PubCo plans to file or cause to be filed relevant materials with the SEC, including a registration statement on Form S-4 (the “Registration Statement”) that will contain a proxy statement of Signing Day Sports and a prospectus for registration of shares of PubCo. The Registration Statement has not been filed with or declared effective by the SEC. Following and subject to the Registration Statement being declared effective by the SEC, its definitive proxy statement/prospectus would be mailed or otherwise disseminated to Signing Day Sports stockholders. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF SIGNING DAY SPORTS ARE URGED TO READ THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ONE BLOCKCHAIN, SIGNING DAY SPORTS, THE PROPOSED BUSINESS COMBINATION, AND RELATED MATTERS. The proxy statement/prospectus and other relevant materials (when they become available), and any other documents filed by PubCo and Signing Day Sports with the SEC, may be obtained free of charge at the SEC website at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by Signing Day Sports by directing a written request to: Signing Day Sports, Inc., 8355 East Hartford Rd., Suite 100, Scottsdale, AZ 85255. Investors and security holders are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination.

    Participants in the Solicitation

    Signing Day Sports, and its directors, executive officers and certain other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Signing Day Sports with respect to the proposed business combination and related matters. Information about the directors and executive officers of Signing Day Sports, including their ownership of shares of Signing Day Sports common stock, is included in Signing Day Sports’ Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on April 11, 2025, and Signing Day Sports’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, which was filed with the SEC on May 15, 2025. Additional information regarding the persons or entities who may be deemed participants in the solicitation of proxies from Signing Day Sports shareholders, including a description of their interests in the proposed business combination by security holdings or otherwise, will be included in the proxy statement/prospectus and other relevant documents to be filed with the SEC when they become available. The managers and officers of One Blockchain do not currently hold any interests, by security holdings or otherwise, in Signing Day Sports.

    No Offer or Solicitation

    This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities in connection with the proposed business combination shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the parties’ ability to enter into definitive agreements and complete the transaction, the parties’ ability to integrate their respective businesses into a combined publicly listed company post-merger, the ability of the parties to obtain all necessary consents and approvals in connection with the transaction, obtain NYSE American clearance of a listing application in connection with the transaction, the parties’ ability to obtain their respective equity securityholders’ approval, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the parties’ current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, and the parties’ ability to attract and retain key personnel to manage their business effectively. These risks, uncertainties and other factors are expected to be further described in a proxy statement/prospectus to be filed with the Securities and Exchange Commission relating to this transaction. See also the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning Signing Day Sports, One Blockchain, or any of their affiliates, or other matters and attributable to Signing Day Sports, One Blockchain, any of their affiliates, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contacts:
    Crescendo Communications, LLC
    212-671-1020
    SGN@crescendo-ir.com

    The MIL Network –

    May 29, 2025

  • MIL-OSI: Eos Energy Secures Strategic Order for Faraday Microgrid’s Project in California

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., May 28, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced it has secured an order with Faraday Microgrids to deploy a 3 MW / 15 MWh Eos Z3™ system for a commercial microgrid application on tribal land in California.

    Funded partially by the California Energy Commission (CEC), the project will support the development of a renewable energy microgrid featuring a highly flexible long duration energy storage system, designed to bolster resilience for the tribe’s facilities, provide critical backup power, and deliver demand savings and utility ancillary services.

    “This strategic project further demonstrates the performance and reliability of our Z3 systems in real world applications,” said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. “As a repeat order through our established partners at Faraday and the CEC, this deployment serves as a testament to the strength of our commercial relationships and reinforces our mission to deliver resilient, reliable and domestically manufactured energy solutions.”

    The project highlights Eos’ continued momentum in California’s growing energy market and its role in supporting American energy independence. Along with its Z3 systems, Eos will also provide integration services to ensure seamless deployment and operation.

    “It is our great pleasure to once again partner with Eos to deploy their cutting-edge zinc-bromide energy storage technology in one of the largest renewable energy microgrids in the Western United States,” said Faraday Chief Executive Officer, David Bliss. “This will support a Native American community and contribute to bulk grid-edge power stability and availability – demonstrating the ability of distributed energy resources to support the safety and growth of vibrant communities in California and across North America.”

    This is Eos’ eighth project in partnership with the CEC, and second with Faraday Microgrids, highlighting the Company’s growing presence in this critical market and the state’s commitment to advancing Made-in-USA energy storage applications.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    About Faraday Microgrids

    Faraday Microgrids is the trusted guide for hospitals, industrial facilities, and institutions seeking energy independence. We design, build, and operate turnkey microgrid systems that cut energy costs, boost reliability, and support sustainability—without the complexity. From financing to installation and long-term support, Faraday delivers custom energy systems that keep critical operations running, no matter what.

    Contacts        
    Investors: ir@eose.com
    Media: media@eose.com

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network –

    May 29, 2025

  • MIL-OSI Economics: Governor Ulrik Nødgaard: The cyberthreat has changed

    Source: Danmarks Nationalbank

    The financial sector plays a central role in society, and advanced cyberattacks against a financial company or a payment system can potentially threaten financial stability. Companies in the financial sector have therefore worked targeted over the years to increase cyberresilience, both individually and at the sector level.

    The geopolitical tensions continuously affect the cyberthreat, which is not only limited to digital attacks. Recently, there has been an increased focus on attacks using hybrid means. This can include, for example, influence campaigns, harassment, sabotage or destructive cyberattacks. There have been several incidents of undersea cable breaches, highlighting that the threat is real and serious.

    ”Strengthening cyberresilience is not only about making IT systems difficult to penetrate. It is also important to have a broad perspective on our dependencies and vulnerabilities, when it comes to, for example, telecommunication cables or central service providers,” said Ulrik Nødgaard and continued:

    ”Furthermore, a key focus area for strengthening cyberresilience is the financial sector’s work on contingency planning that aim to enhance individual companies’ ability to continue business even in extreme but plausible scenarios, such as a large-scale destructive cyberattack.”

    Contingency planning is also a focus area in Danmarks Nationalbank’s work. This applies both in the oversight of central payment systems and solutions, and in the work with joint initiatives across the financial sector to secure the most critical activities for society. One example is the work to establish a society-wide contingency plan for card payments in Denmark, which aims to secure access to a basic consumption for at least one week.

    In conclusion, Ulrik Nødgaard emphasized that a lot of good work is already being done, and the financial sector is moving in the right direction. At the same time, he mentioned that there is more work ahead.

    MIL OSI Economics –

    May 29, 2025

  • MIL-OSI Video: Chief Economists Outlook May 2025

    Source: World Economic Forum (video statements)

    The World Economic Forum’s Saadia Zahidi sat down with three experts for a briefing on the latest Chief Economists Outlook. ABN Amro Chief Economist Sandra Philippen, Zurich Insurance Chief Market Strategist & Economist Guy Miller, and ICBC Standard Bank Chief China Economist Jinny Yan offered their perspectives on a relatively downbeat outlook, and where we go from here.  

     

    Watch the session here: https://www.weforum.org/stories/2025/05/the-briefing-room-chief-economists-outlook-may-2025/

    Links:

    Chief Economists Outlook May 2025: https://www.weforum.org/publications/chief-economists-outlook-may-2025/

    Related podcasts:

    The global economy ‘at a crossroads’ ahead of Davos: Chief Economists Outlook (https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-ralph-ossa-wto/)

    Slow growth and the cost of debt: the World Bank’s Chief Economist on the global outlook (https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-world-bank-indermit-gill/)

    How leaders can prepare teams for the future of work: ADP’s Chief Economist (https://www.weforum.org/podcasts/meet-the-leader/episodes/jobs-tasks-future-of-work-adp-chief-economist/)

    Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : 

    YouTube: https://www.youtube.com/@wef

    Radio Davos (https://www.weforum.org/podcasts/radio-davos) – subscribe (https://pod.link/1504682164) : https://pod.link/1504682164

    Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) – subscribe (https://pod.link/1534915560) : https://pod.link/1534915560

    Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) – subscribe (https://pod.link/1574956552) : https://pod.link/1574956552

    Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub
     

    https://www.youtube.com/watch?v=KevE63VaSwc

    MIL OSI Video –

    May 29, 2025

  • MIL-OSI Global: Chronic stress contributes to cognitive decline and dementia risk – 2 healthy-aging experts explain what you can do about it

    Source: The Conversation – USA – By Jennifer E. Graham-Engeland, Professor of Biobehavioral Health, Penn State

    Social isolation is often stressful and can affect the aging brain. MixMedia/E+ via Getty Images

    The probability of any American having dementia in their lifetime may be far greater than previously thought. For instance, a 2025 study that tracked a large sample of American adults across more than three decades found that their average likelihood of developing dementia between ages 55 to 95 was 42%, and that figure was even higher among women, Black adults and those with genetic risk.

    Now, a great deal of attention is being paid to how to stave off cognitive decline in the aging American population. But what is often missing from this conversation is the role that chronic stress can play in how well people age from a cognitive standpoint, as well as everybody’s risk for dementia.

    We are professors at Penn State in the Center for Healthy Aging, with expertise in health psychology and neuropsychology. We study the pathways by which chronic psychological stress influences the risk of dementia and how it influences the ability to stay healthy as people age.

    Recent research shows that Americans who are currently middle-aged or older report experiencing more frequent stressful events than previous generations. A key driver behind this increase appears to be rising economic and job insecurity, especially in the wake of the 2007-2009 Great Recession and ongoing shifts in the labor market. Many people stay in the workforce longer due to financial necessity, as Americans are living longer and face greater challenges covering basic expenses in later life.

    Therefore, it may be more important than ever to understand the pathways by which stress influences cognitive aging.

    Social isolation and stress

    Although everyone experiences some stress in daily life, some people experience stress that is more intense, persistent or prolonged. It is this relatively chronic stress that is most consistently linked with poorer health.

    In a recent review paper, our team summarized how chronic stress is a hidden but powerful factor underlying cognitive aging, or the speed at which your cognitive performance slows down with age.

    It is hard to overstate the impact of stress on your cognitive health as you age. This is in part because your psychological, behavioral and biological responses to everyday stressful events are closely intertwined, and each can amplify and interact with the other.

    For instance, living alone can be stressful – particularly for older adults – and being isolated makes it more difficult to live a healthy lifestyle, as well as to detect and get help for signs of cognitive decline.

    Moreover, stressful experiences – and your reactions to them – can make it harder to sleep well and to engage in other healthy behaviors, like getting enough exercise and maintaining a healthy diet. In turn, insufficient sleep and a lack of physical activity can make it harder to cope with stressful experiences.

    Stress is often missing from dementia prevention efforts

    A robust body of research highlights the importance of at least 14 different factors that relate to your risk of Alzheimer’s disease, a common and devastating form of dementia and other forms of dementia. Although some of these factors may be outside of your control, such as diabetes or depression, many of these factors involve things that people do, such as physical activity, healthy eating and social engagement.

    What is less well-recognized is that chronic stress is intimately interwoven with all of these factors that relate to dementia risk. Our work and research by others that we reviewed in our recent paper demonstrate that chronic stress can affect brain function and physiology, influence mood and make it harder to maintain healthy habits. Yet, dementia prevention efforts rarely address stress.

    Avoiding stressful events and difficult life circumstances is typically not an option.

    Where and how you live and work plays a major role in how much stress you experience. For example, people with lower incomes, less education or those living in disadvantaged neighborhoods often face more frequent stress and have fewer forms of support – such as nearby clinics, access to healthy food, reliable transportation or safe places to exercise or socialize – to help them manage the challenges of aging
    As shown in recent work on brain health in rural and underserved communities, these conditions can shape whether people have the chance to stay healthy as they age.

    Over time, the effects of stress tend to build up, wearing down the body’s systems and shaping long-term emotional and social habits.

    Lifestyle changes to manage stress and lessen dementia risk

    The good news is that there are multiple things that can be done to slow or prevent dementia, and our review suggests that these can be enhanced if the role of stress is better understood.

    Whether you are a young, midlife or an older adult, it is not too early or too late to address the implications of stress on brain health and aging. Here are a few ways you can take direct actions to help manage your level of stress:

    • Follow lifestyle behaviors that can improve healthy aging. These include: following a healthy diet, engaging in physical activity and getting enough sleep. Even small changes in these domains can make a big difference.

    • Prioritize your mental health and well-being to the extent you can. Things as simple as talking about your worries, asking for support from friends and family and going outside regularly can be immensely valuable.

    • If your doctor says that you or someone you care about should follow a new health care regimen, or suggests there are signs of cognitive impairment, ask them what support or advice they have for managing related stress.

    • If you or a loved one feel socially isolated, consider how small shifts could make a difference. For instance, research suggests that adding just one extra interaction a day – even if it’s a text message or a brief phone call – can be helpful, and that even interactions with people you don’t know well, such as at a coffee shop or doctor’s office, can have meaningful benefits.

    The same behaviors that keep your heart healthy are also beneficial for your brain.

    Walkable neighborhoods, lifelong learning

    A 2025 study identified stress as one of 17 overlapping factors that affect the odds of developing any brain disease, including stroke, late-life depression and dementia. This work suggests that addressing stress and overlapping issues such as loneliness may have additional health benefits as well.

    However, not all individuals or families are able to make big changes on their own. Research suggests that community-level and workplace interventions can reduce the risk of dementia. For example, safe and walkable neighborhoods and opportunities for social connection and lifelong learning – such as through community classes and events – have the potential to reduce stress and promote brain health.

    Importantly, researchers have estimated that even a modest delay in disease onset of Alzheimer’s would save hundreds of thousands of dollars for every American affected. Thus, providing incentives to companies who offer stress management resources could ultimately save money as well as help people age more healthfully.

    In addition, stress related to the stigma around mental health and aging can discourage people from seeking support that would benefit them. Even just thinking about your risk of dementia can be stressful in itself. Things can be done about this, too. For instance, normalizing the use of hearing aids and integrating reports of perceived memory and mental health issues into routine primary care and workplace wellness programs could encourage people to engage with preventive services earlier.

    Although research on potential biomedical treatments is ongoing and important, there is currently no cure for Alzheimer’s disease. However, if interventions aimed at reducing stress were prioritized in guidelines for dementia prevention, the benefits could be far-reaching, resulting in both delayed disease onset and improved quality of life for millions of people.

    Jennifer E. Graham-Engeland receives funding from the National Institutes of Health.

    Martin J. Sliwinski receives funding from The National Institutes of Health

    – ref. Chronic stress contributes to cognitive decline and dementia risk – 2 healthy-aging experts explain what you can do about it – https://theconversation.com/chronic-stress-contributes-to-cognitive-decline-and-dementia-risk-2-healthy-aging-experts-explain-what-you-can-do-about-it-250583

    MIL OSI – Global Reports –

    May 29, 2025

  • MIL-OSI United Kingdom: ‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss

    Source: United Kingdom – Executive Government & Departments

    Press release

    ‘Highly deceptive’ fraudster secured Covid loan funds under his wife’s name and claimed innocent member of the public was his boss

    Bounce Back Loan fraudster also produced false invoice to liquidator

    • Shohid Ahmed applied for three Bounce Back Loans using his wife’s name, receiving £100,000 his Indian restaurant was not entitled to 

    • An invoice claiming to show £15,000 of the loan was spent on refurbishing the restaurant was revealed to be false during Insolvency Service investigations 

    • Ahmed also filed false documents with Companies House to suggest an innocent member of the public had taken over his business  

    A Bradford fraudster who secured £100,000 in Covid loan funds he was not entitled to and claimed an innocent member of the public was the director of his company has been jailed. 

    Shohid Ahmed used his wife’s name to apply for three maximum-value Bounce Back Loans on behalf of Red Square Restaurants Limited, an Indian restaurant on Huddersfield Road in Mirfield. 

    The 40-year-old received £100,000 of the £150,000 he fraudulently applied for in May and June 2020, with one of the applications refused. 

    Ahmed then used the personal details of a woman who rented a house from his father without her knowledge to create the illusion that she was the director of the company and had taken over the business. 

    He also produced invoices claiming to show the legitimate use of the Bounce Back Loans, one of which Insolvency Service investigators found to be fabricated. 

    Ahmed, of Bardsey Crescent, Bradford, pleaded guilty to offences under the Fraud Act 2006, Companies Act 2006 and Insolvency Act 1986 earlier this year. 

    He was sentenced to two years in prison at Bradford Crown Court on Tuesday 27 May. 

    Ahmed has repaid £5,000 of the Bounce Back Loans he illegally secured. The Insolvency Service is seeking to recover the remaining fraudulently obtained funds under the Proceeds of Crime Act 2002. 

    David Snasdell, Chief Investigator at the Insolvency Service, said: 

    Shohid Ahmed’s actions were highly deceptive and involved a range of serious offending. 

    He not only obtained two Bounce Back Loans for the restaurant he earlier had said was no longer trading, but implicated a totally innocent member of the public by creating the false impression that she was now the director of the company. 

    The Insolvency Service will not hesitate to prosecute Covid fraudsters such as Ahmed who have stolen from the public purse and caused harm to others.

    Red Square Restaurants, which traded as Ruby’s Lounge, was incorporated in May 2018, with Ahmed’s wife as the sole director. 

    Ahmed himself was only officially director of the company for one day, being appointed and then resigning on 10 February 2020. 

    Despite not being the named director of the company, Ahmed made three Bounce Back Loan applications for Red Square Restaurants in the name of his wife as she had a better credit history than him. 

    Ahmed also claimed that the company was trading at the beginning of March 2020, to meet the requirements of the scheme. 

    That claim was contradicted by an application signed by Ahmed to strike the company off the Companies House register in early April 2020. 

    In the strike-off application, Ahmed said that the company had not traded in the previous three months. 

    Money from the Bounce Back Loans was also not used for the economic benefit of the business, as it should have been under the scheme. 

    Ahmed claimed that an invoice of £15,000 showed that money was spent on an interior redesign of his restaurant using a firm based in Stockton-on-Tees. 

    However, investigators found that the address for the design company Ahmed claimed to have used was actually a cafe which had been trading for 37 years. 

    Neither the cafe which occupied the unit or the landlord who manages the building had ever heard of the firm of interior designers. 

    A liquidator was appointed to wind-up Red Square Restaurants in July 2020. 

    Shortly before this, Ahmed filed false documents with Companies House claiming that a new director had been appointed on New Year’s Day in 2020. 

    Insolvency Service investigators spoke to the listed director who confirmed that she had no association whatsoever with Red Square Restaurants and had simply rented a house from Ahmed’s father. 

    However, Ahmed falsely claimed that she was the manager of the business who ran it day-to-day and had the power to recruit and dismiss members of staff. 

    Ahmed also falsely claimed that she had taken out both Bounce Back Loans and had access to the bank accounts where the money was deposited.  

    He added that he was a waiter and drew a salary of only £12,000. 

    Ahmed was disqualified as a company director for 11 years in December 2021 for his misconduct at Red Square Restaurants. 

    A restaurant under a different name now operates from the same address that Red Square Restaurants traded from. Shohid Ahmed is not a director of this company. 

    Further information 

    • Shohid Ahmed is of Bardsey Crescent, Bradford. His date of birth is 23 January 1985 

    • Red Square Restaurants Limited (company number 11370189) 

    • Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct  

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Published 28 May 2025

    MIL OSI United Kingdom –

    May 29, 2025

  • MIL-OSI: Aether Holdings Added to Russell Microcap® Index

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) — Aether Holdings, Inc. (Nasdaq: ATHR) (“Aether” or the “Company”), an emerging financial technology platform company that offers proprietary research analytics, announced that it expects to be added as a member of the Russell Microcap® Index, effective after the U.S. market opens on June 30 as part of the 2025 Russell indexes reconstitution.

    Each index within the Russell U.S. Indexes is reconstituted each year to capture the 4,000 largest U.S. stocks as of Wednesday, April 30, ranking them by total market capitalization and grouping them according to certain criteria. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

    “Being added to the Russell Microcap® Index within just two months of our IPO is a truly exciting and rewarding milestone for Aether Holdings and validates our growth plans since going public,” said Nicolas Lin, CEO of Aether Holdings. “This inclusion enhances our visibility among institutional investors and reflects the market’s recognition of our novel position and strategy in the fintech space. As we continue to scale our proprietary research analytics platform and expand Alpha Edge Media, membership in the Russell Microcap® Index provides us with increased exposure to a broader investor base who can participate in our mission to democratize sophisticated market intelligence and redefine excellence in financial technology.”

    Investment managers and institutional investors widely use Russell indexes for index funds and as benchmarks for active investment strategies. Russell’s U.S. indexes serve as the benchmark for about $10.6 trillion in assets as of the close of June 2024. Russell indexes are part of FTSE Russell, the global index provider.

    Fiona Bassett, CEO of FTSE Russell, an LSEG business, commented, “The Russell indexes have continuously adapted to the evolving dynamic U.S. economy, and it’s crucial to fully recalibrate the suite of Russell U.S. Indexes, ensuring the indexes maintain an accurate representation of the market. The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark.”

    About FTSE Russell, an LSEG Business

    FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

    A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group.

    About Aether Holdings, Inc.

    Aether Holdings, Inc. (Nasdaq: ATHR) is an emerging financial technology holding company focused on transforming the way investors navigate the markets. Leveraging decades of market expertise and cutting-edge technology, Aether delivers proprietary tools, data, and research to empower traders with actionable insights and enhanced decision-making capabilities.

    Aether’s flagship platform, SentimenTrader.com, is designed to serve both retail and institutional investors by offering advanced sentiment analysis through the use of machine learning (ML) and artificial intelligence (AI) capabilities. With over 20 years of sentiment data integrated into its systems, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.

    Aether has also established Alpha Edge Media, Inc., a wholly owned subsidiary dedicated to building and scaling a new generation of digital-first financial newsletter media content and brands.

    Aether is committed to building an ecosystem that supports smarter, data-driven trading strategies, reinforcing its mission to empower the investing community and redefine excellence in fintech. By integrating advanced technologies, including artificial intelligence tools with the critical thinking and analytical abilities of its team of evidence-based trading veterans, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.

    Find out more about Aether Holdings at https://helloaether.com/

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of Aether’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the timing for and anticipated benefits of Aether’s inclusion in the Russell Microcap® Index as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For Aether, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to Aether’s ability to adequately market its products and services, and to develop or acquire additional products and product offerings; (ii) risks related to intense competition in the fintech and financial newsletter sector; (iii) risk related to artificial intelligence and machine learning; (iv) the inability of Aether to maintain and protect its reputation for trustworthiness and independence; (v) the inability of Aether to attract new users and subscribers and convert free users to paying subscribers; (vi) similar risks and uncertainties associated with operating a relatively small business a rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and Aether therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://investor.helloaether.com/#sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Aether Holdings, Inc. Contact
    Nicolas Lin, CEO
    (347) 363-0886
    ir@helloaether.com

    Investor Relations Contact
    Matthew Abenante, IRC
    President, Strategic Investor Relations, LLC
    (347)-947-2093
    Email: matthew@strategic-ir.com

    Media Contact
    Jessica Starman, MBA
    media@helloaether.com

    The MIL Network –

    May 29, 2025

  • MIL-OSI: Tokio Marine Group to launch GX business to support green transformation

    Source: GlobeNewswire (MIL-OSI)

    • New global offering will provide specialist insurance and risk management solutions to businesses looking to decarbonize
    • Tokio Marine GX products and capacity will be available via TMHCC’s GX Team

    LONDON, May 28, 2025 (GLOBE NEWSWIRE) — Tokio Marine Holdings, Inc. today announced the launch of Tokio Marine GX (TMGX), a new underwriting business dedicated to providing specialist insurance and risk management solutions to businesses looking to decarbonize their operations and unlock new green opportunities.

    Founded upon GCube’s decades of experience in renewable energy underwriting, Tokio Marine & Nichido Fire’s market-leading offshore marine offering, and with expertise drawn from across Tokio Marine’s global operations, TMGX will provide products and services for clients committed to more sustainable practices.

    TMGX will offer up to $500 million on any single risk and is committed to becoming a prominent lead underwriter, applying decades of knowledge to ensure profitable and sustainable capacity through the green transition.

    Fraser McLachlan, CEO of GCube, has been appointed to the new role of Chairman at TMGX and Ben Kinder, Chief Underwriting Officer (CUO) for Marine, Energy & Renewables at Tokio Marine HCC International (TMHCCI), will take on the role of CUO at TMGX, in addition to his existing role at TMHCCI.

    Tokio Marine GX, an abbreviation of Green Transformation and an acknowledgment of Japan’s green transformation strategy, is Tokio Marine Group’s response to the growing demand for insurance that is critical to transitioning to a more decarbonized, sustainable society. TMGX will offer advisory and risk transfer for businesses, across multiple sectors, seeking to decarbonize their operations. From renewable energy and conventional power providers, to construction and industry, its teams will work with businesses around the world, at every stage of their transition journey.

    TMGX’s insurance products and risk solution services will equip businesses, innovators, entrepreneurs and investors, private and public, with the support they need to secure funding, and build and operate their sustainable initiatives. The business will offer a range of products and services to address risks linked to green initiatives from financial products, such as credit and surety, to bespoke policies for renewables, nuclear and hydrogen risks.

    Decarbonization and the green transition is an immense undertaking, and one which is poised to spark the greatest capital reallocation in a century, requiring $9.2 trillion1 in annual average spending on physical assets. The lack of cost-effective globally available cover has been a barrier to progress. TMGX will reduce the volatility and embed the certainty which this market needs to flourish.

    Brad Irick, Managing Executive Officer and Co-Head of International – Tokio Marine Holdings, said: “We are delighted to announce the launch of Tokio Marine GX. This is a unique insurance proposition. It offers access to the pioneering underwriting spirit of GCube, combined with expertise drawn from across Tokio Marine’s global operations. TMGX clients will benefit from deep claims experience, holistic support and extensive risk appetite in every facet of renewable energy and the green transition. All of this is backed by the financial resources and capacity of one of the world’s largest insurers and an institutional commitment to accelerating societal progress. TMGX will ensure that Tokio Marine is at the forefront of the green transition.”

    Fraser McLachlan, Chairman of TMGX, said: “TMGX will harness the collective expertise and experience from across the Tokio Marine Group to stand shoulder-to-shoulder with clients at each stage of their decarbonization journey. Together, we will unlock new commercial opportunities, while creating a greener, more resilient world for tomorrow.”

    About Tokio Marine Holdings

    Tokio Marine Group is one of the world’s largest global insurance and risk players with a market capitalization of approx. $74 billion as of March 31, 2025, a network encompassing Japan and 46 countries and regions worldwide, and over 43,000 employees. Tokio Marine Group has the capabilities to drive genuine positive change through a business model grounded in a sense of purpose and social responsibility, built on 145 years of history and an enduring culture that fosters innovation and expertise.

    Composed of a diverse range of insurance and solutions businesses across the world, that bring a depth and breadth of capabilities to address and mitigate the ever-evolving risks we face, we provide our clients and communities with the security they need to move forward, while working to create more resilient societies and a better tomorrow.

    For further information:
    Media
    Brian Norris, MHP Group
    Tokiomarinegroup@mhpgroup.com

    ________________
    1 https://www.mckinsey.com/capabilities/sustainability/our-insights/the-net-zero-transition-what-it-would-cost-what-it-could-bring

    The MIL Network –

    May 29, 2025

  • MIL-OSI: All resolutions approved at the 2025 STMicroelectronics’ Annual General Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    All resolutions approved at the 2025 STMicroelectronics’ Annual General Meeting of Shareholders

    Amsterdam, May 28, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced the results related to the voting items of its 2025 Annual General Meeting of Shareholders (the “2025 AGM”), which was held today in Amsterdam, the Netherlands.

    All the resolutions were approved by the Shareholders:

    • The adoption of the Company’s statutory annual accounts for the year ended December 31, 2024, prepared in accordance with International Financial Reporting Standards (IFRS). The 2024 statutory annual accounts1 were filed with the Netherlands Authority for the Financial Markets (AFM) on March 27, 2025 and are posted on the Company’s website (www.st.com) and the AFM’s website (www.afm.nl);
    • The distribution of a cash dividend of US$ 0.36 per outstanding share of the Company’s common stock, to be distributed in quarterly installments of US$ 0.09 in each of the second, third and fourth quarters of 2025 and first quarter of 2026 to shareholders of record in the month of each quarterly payment as per the table below;
    • The adoption of the remuneration for the members of the Supervisory Board;
    • The appointment of Werner Lieberherr, as member of the Supervisory Board, for a three-year term expiring at the end of the 2028 AGM, in replacement of Ms. Janet Davidson whose mandate has expired at the end of the 2025 AGM;
    • The appointment of Ms. Simonetta Acri, as member of the Supervisory Board, for a three-year term expiring at the end of the 2028 AGM in replacement of Ms. Donatella Sciuto whose mandate has expired at the end of the 2025 AGM;
    • The reappointment of Ms. Anna de Pro Gonzalo, as member of the Supervisory Board, for a three-year term to expire at the end of the 2028 AGM;
    • The reappointment of Ms. Hélène Vletter-van Dort, as member of the Supervisory Board, for a three-year term to expire at the end of the 2028 AGM;
    • The appointment of PricewaterhouseCoopers Accountants N.V. as the Company’s external auditor for the financial years 2026-2029;
    • The appointment of PricewaterhouseCoopers Accountants N.V. to audit the Company’s sustainability reporting for the financial years 2026-2027, to the extent required by law;
    • The approval of the stock-based portion of the compensation of the President and CEO;
    • The approval of the stock-based portion of the compensation of the Chief Financial Officer;
    • The authorization to the Managing Board, until the conclusion of the 2026 AGM, to repurchase shares, subject to the approval of the Supervisory Board;
    • The delegation to the Supervisory Board of the authority to issue new common shares, to grant rights to subscribe for such shares, and to limit and/or exclude existing shareholders’ pre-emptive rights on common shares, until the end of the 2026 AGM;
    • The discharge of the members of the Managing Board; and
    • The discharge of the members of the Supervisory Board.

    The complete agenda and all relevant detailed information concerning the 2025 AGM, as well as all related AGM materials, are available on the Company’s website (www.st.com) and made available to shareholders in compliance with legal requirements.

    The draft minutes of the AGM will be posted on the General Meeting of Shareholders page of the Company’s website (www.st.com) within 30 days following the 2025 AGM.

    As for rule amendments from the Securities and Exchange Commission (SEC) and conforming FINRA rule changes, on US market the standard for settlement is the next business day after a trade or t+1. European settlement rule remains at t+2 for the time being.

    The table below summarizes the full schedule for the quarterly dividends:

                  Transfer between New York and Dutch registered shares restricted:
      In Europe in NYSE      
    Quarter Ex-dividend Date Record Date Payment Date Ex-dividend and Record Date Payment Date: on or after   From End of Business in NY on: Until Open of Business in NY on:
    Q2 2025 23-Jun-25 24-Jun-25 25-Jun-25 24-Jun-25 1-Jul-25   20-Jun-25 25-Jun-25
    Q3 2025 22-Sep-25 23-Sep-25 24-Sep-25 23-Sep-25 30-Sep-25   19-Sep-25 24-Sep-25
    Q4 2025 15-Dec-25 16-Dec-25 17-Dec-25 16-Dec-25 23-Dec-25   12-Dec-25 17-Dec-25
    Q1 2026 23-Mar-26 24-Mar-26 25-Mar-26 24-Mar-26 31-Mar-26   20-Mar-26 25-Mar-26

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

    Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    1    The Annual Report includes the sustainability statement which is prepared based on the general principles of the Corporate Sustainability Reporting Directive (CSRD).

    Attachment

    • C3340C – ST Press Release – All Resolutions adopted – 2025 AGM – FINAL FOR PUBLICATION

    The MIL Network –

    May 29, 2025

  • MIL-OSI: CareCloud Announces Results from Annual Shareholders’ Meeting

    Source: GlobeNewswire (MIL-OSI)

    Shareholders Re-Elect 3 Board Members, Approve the Compensation for the Company’s Named Executives and Approve the Appointment of Public Accounting Firm

    SOMERSET, N.J., May 28, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO), a leader in healthcare technology solutions for medical practices and health systems nationwide, today announced that it held its 2025 Annual Shareholders’ Meeting on May 27, 2025, during which shareholders re-elected Anne Busquet, Bill Korn and Lawrence Sharnak for another two-year term. Shareholders also voted to approve, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Company’s 2025 Proxy Statement’s compensation tables and any related information found in such proxy statement and voted to approved the appointment of Rosenberg Rich Baker Berman, P.A. as the Company’s independent registered public accounting firm for the year ending December 31, 2025.

    CareCloud’s shareholders approved the following three proposals:

    1. Re-elect Anne Busquet, Bill Korn and Lawrence Sharnak to the Board of Directors.
    2. The compensation of the Company’s named executive officers, on an advisory basis, as disclosed in the Company’s Proxy Statement.
    3. The appointment of Rosenberg Rich Baker Berman, P.A. as our independent registered public accounting firm for the year ending December 31, 2025.

    CareCloud is proud to announce the re-appointment of Anne Busquet, Bill Korn and Lawrence Sharnak to the Board. Anne Busquet has over 30 years of executive business experience with American Express and Interactive Corp. Bill Korn served as our Chief Financial Officer for 10 years before retiring in October 2023. Lawrence Sharnak served at American Express for more than 30 years where he held a variety of senior leadership roles.

    “We are pleased to announce the re-election of Anne, Bill and Larry,” said CareCloud’s Co-CEO, Stephen Snyder.

    The final voting tallies from this year’s Annual Meeting were included in a Form 8-K which was previously filed with the Securities and Exchange Commission.

    About CareCloud

    CareCloud brings disciplined innovation to the business of healthcare. Our suite of technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care while reducing administrative burdens and operating costs. Learn more about our products and services including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward- looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE CareCloud

    Company Contact:
    Norman Roth
    Interim Chief Financial Officer and Corporate Controller
    CareCloud, Inc.
    nroth@carecloud.com

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com

    The MIL Network –

    May 29, 2025

  • MIL-OSI: xSuite North America to Host 2025 User Conference in Boston

    Source: GlobeNewswire (MIL-OSI)

    Showcasing Future-Driven SAP Finance and AI Solutions for Digital Transformation Leaders

    Boston, MA – May 28, 2025 – xSuite North America is pleased to announce its annual User Conference, taking place on June 17–18, 2025, at the Battery Wharf Hotel in Boston. Tailored for finance and IT decision-makers, this one-and-a-half-day event will spotlight next-generation technologies shaping the future of finance, including artificial intelligence (AI), e-invoicing, SAP Business Technology Platform (SAP BTP) solutions, intelligent archiving, and customer success enablement.

    Attendees can look forward to expert-led sessions, hands-on insights, and real-world use cases illustrating how xSuite empowers organizations to transform finance operations with intelligent automation and SAP-integrated workflows.

    Exploring Innovation: AI, Cloud, and Digital Finance Solutions

    As cloud computing and AI continue to redefine the finance function, xSuite will use this platform to unveil product innovations and outline its strategic roadmap. The conference will feature insights into emerging technology trends and customer-centric enhancements across its solution portfolio.

    A highlight of the event will be two customer presentations by Altenloh and Century Aluminum, detailing their journey with xSuite for automated invoice processing. The case study will walk attendees through project initiation, key challenges, implemented solutions, and the tangible results achieved.

    Conference Highlights – Day One: Strategy, Solutions, and Insights

    1. AI-Driven Invoice Processing in SAP
    This session will spotlight xSuite’s AI Solutions including Prediction Server, an AI-powered tool that analyzes invoice data to automate decisions across postings and workflows. Leveraging machine learning, it generates smart suggestions for account assignments, cost centers, approval routing, company codes, and more.

    2. E-Invoicing Roadmap and Strategy
    Attendees will gain a comprehensive view of xSuite’s strategic roadmap for e-invoicing, with a focus on upcoming features, performance enhancements, and initiatives designed to optimize digital finance operations.

    3. End-to-End P2P Solutions for SAP and SAP BTP
    xSuite will present a holistic approach to purchase-to-pay processes, order management, a supplier portal, and archiving—demonstrating seamless integration with SAP S/4HANA and SAP BTP environments.

    Networking and Collaboration Opportunities
    The first day will close with dedicated networking sessions, allowing attendees to connect with peers, exchange ideas, and explore xSuite’s role as a strategic partner in digital transformation initiatives.

    Day Two: Hands-On Training for xSuite Administrators

    The second day of the conference will feature technical training sessions tailored for on-site administrators of xSuite solutions. These workshops will equip participants with the practical knowledge needed to manage and optimize their xSuite environments effectively.

    Event Details:
    xSuite User Conference North America
    June 17-18, 2025
    Battery Wharf Hotel, Boston Waterfront
    Three Battery Wharf
    Boston, MA 02109, US

    June17: 10:00 AM – 04:00 PM
    June 18: 10:00 AM – 12:30 PM

    More information and registration:
    https://news.xsuite.com/en/user-conference-2025-north-america#Anmeldung

    About xSuite Group

    xSuite is a software manufacturer of applications for document-based processes and provides standardized, digital solutions worldwide that enable simple, secure, and fast work. We focus mainly on the automation of important work processes in conjunction with end-to-end document management. Our core competence lies in accounts payable (AP) automation in SAP (including
    e-invoicing), for leading companies worldwide, as well as for public clients. This is supplemented by applications for purchasing and order processes as well as archiving – all delivered from a single source, including both software components and services. xSuite solutions operate in the cloud or in hybrid scenarios. We take pride in the high-quality solutions we offer, as evidenced by the regular certifications we receive for our SAP solutions and deployment environments.” With over 300,000 users benefitting from our solutions, xSuite processes more than 80 million documents per year in over 60 countries.

    Founded in 1994 and headquartered in Ahrensburg, Germany, xSuite has around 300 staff across nine locations worldwide – in Europe, Asia, and the United States. Our company has an established information security management system that is certified in accordance with ISO 27001:2022.

    Press Contact Headquarters:
    Barbara Wirtz
    xSuite Group GmbH
    Tel. +49 4102 883836
    barbara.wirtz@xsuite.com
    www.xsuite.com

    Attachment

    • User-Conference-NA-880-450-px

    The MIL Network –

    May 29, 2025
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