Category: Economy

  • MIL-OSI USA: EIA counts U.S. electricity generation in different ways

    Source: US Energy Information Administration

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    In-brief analysis

    May 27, 2025

    Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor


    At EIA, we publish U.S. electricity net generation from two different perspectives:

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    In-brief analysis

    May 22, 2025

    Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics
    Note: Real prices are adjusted to May 2025 dollars.

    The retail price for regular-grade gasoline in the United States on May 19, the Monday before Memorial Day weekend, averaged $3.17 per gallon (gal), 11% (or 41 cents/gal) lower than the price a year ago. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, largely because crude oil prices have fallen.

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    In-brief analysis

    May 21, 2025

    Data source: United Nations Statistics Division, UN Comtrade
    Note: Excludes trade within regions.

    China has a major role at each stage of the global battery supply chain and dominates interregional trade of minerals. China imported almost 12 million short tons of raw and processed battery minerals, accounting for 44% of interregional trade, and exported almost 11 million short tons of battery materials, packs, and components, or 58% of interregional trade in 2023, according to regional UN Comtrade data.

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    In-depth analysis

    May 20, 2025


    Colorado State University’s hurricane forecast estimates the 2025 hurricane season will exceed the 1991–2020 average, with an estimate of 17 named storms, compared with a historical average of 14 storms. Meteorologists expect 13–18 named storms, including 3–6 storms with direct impacts on the United States, during this year’s Atlantic hurricane season, according to reports from AccuWeather in April.

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    In-brief analysis

    May 19, 2025


    We expect U.S. hydropower generation will increase by 7.5% in 2025 but will remain 2.4% below the 10-year average in our May Short-Term Energy Outlook (STEO). Hydropower generation in 2024 fell to 241 billion kilowatthours (BkWh), the lowest since at least 2010; in 2025, we expect generation will be 259.1 BkWh. This amount of generation would represent 6% of the electricity generation in the country.

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    In-brief analysis

    May 15, 2025

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2025, and Oxford Economics
    Note: Excludes 2020 and 2021 as outlier years because of the COVID-19 pandemic.

    We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in our May Short-Term Energy Outlook (STEO).

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    In-depth analysis

    May 14, 2025


    Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.

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    In-brief analysis

    May 13, 2025


    In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.

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    In-brief analysis

    May 12, 2025


    The average electric monthly bill for U.S. residential customers was $144 in 2024, but average costs for customers in some states were much higher or lower. Customers in states such as Hawaii and Connecticut, where retail electricity prices are relatively high, paid more than $200 per month for electricity, or more than twice as much as customers in states such as New Mexico and Utah.

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    In-brief analysis

    May 7, 2025

    Data source: FracFocus
    Note: To calculate the number of wells completed per location, we grouped wells within a 50-foot radius into single locations. We then identified wells completed by their completion start and end dates, counting concurrent completions when their completion periods overlapped.

    We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing multiple wells at once rather than sequentially, operators can accelerate their production timeline and reduce their cost per well. The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies.

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    In-brief analysis

    May 6, 2025

    Data source: U.S. Energy Information Administration, Petroleum Supply Monthly; company announcements and trade press
    Note: Other Biofuels includes sustainable aviation fuel (SAF), renewable heating oil, renewable naphtha, renewable propane, renewable gasoline, and other emerging biofuels that are in various stages of development and commercialization. SAF production capacity is an estimate based on company announcements and trade press and only includes hydroprocessed esters and fatty acids (HEFA) SAF. We do not publish SAF production capacity data.

    Sustainable aviation fuel (SAF) production is growing in the United States as new capacity comes online. U.S. production of Other Biofuels, the category we use to capture SAF in our Petroleum Supply Monthly, approximately doubled from December 2024 to February 2025.

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    In-brief analysis

    May 5, 2025

    Data source: AAA

    Retail prices for regular grade gasoline in California are consistently higher than in any other state in the continental United States, often exceeding the national average by more than a dollar per gallon. Several factors contribute to this high price, including state taxes and fees, environmental requirements, special fuel requirements, and isolated petroleum markets.

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    In-brief analysis

    May 1, 2025

    Data source: CME Group, Bloomberg L.P.
    Note: Refinery margin is calculated as the 3-2-1 crack spread on the U.S. Atlantic Coast, which represents two barrels of gasoline and one barrel of distillate fuel oil minus three barrels of Brent crude oil. 1Q25=first quarter of 2025


    During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering crude oil prices, refinery margins, biofuel compliance credit prices, and natural gas plant liquids prices.

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    In-brief analysis

    Apr 30, 2025

    Data source: Evaluate Energy
    Note: Production expenses include costs of goods sold, operating expenses, and production taxes from company income statements. Interest expenses are in 2024 dollars and deflated using the Consumer Price Index.


    Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly traded U.S. oil companies over the past decade, despite the level of interest rates across the economy being relatively high.

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    In-brief analysis

    Apr 29, 2025


    U.S. imports of petroleum products decreased by 210,000 barrels per day (b/d) in 2024 to average 1.8 million b/d. Imports of all major transportation fuels, such as motor gasoline, diesel, and jet fuel, as well as other products, such as unfinished oils, decreased.

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    MIL OSI USA News

  • MIL-OSI: Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., May 27, 2025 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the signing of a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. The partnership’s transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025.

    “This Hybrid Tax Equity partnership is the first of its kind for our Energy Storage portfolio and highlights the innovative efforts we are taking to optimize the projects’ economics and the Company’s profitability to ensure that we have the funding we need to support our long-term growth, while simultaneously helping advance our explicit goal of monetizing $160 million of tax benefits this year,” said Doron Blachar, Chief Executive Officer of Ormat Technologies. “By continuing to effectively monetize the benefits of ITCs for our growing Energy Storage project portfolio through 2026, we are strengthening our ability to further invest in our development pipeline and ensure that we remain well-positioned to support the growing demand for energy storage projects.”

    Ormat was represented in the transaction by Sheppard Mullin Richter & Hampton, LLP and Morgan Stanley Renewables Inc. was represented in the transaction by Willkie Farr & Gallagher LLP.

    ABOUT ORMAT TECHNOLOGIES

    With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com
    Investor Relations Agency Contact:
    Joseph Caminiti or Josh Carroll
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network

  • MIL-OSI: HashFly Implements Advanced AI For Cloud Mining Operations

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, May 27, 2025 (GLOBE NEWSWIRE) —

    HashFly, one of the leading cloud mining platform, is heading into the future with the integration of advanced artificial intelligence (AI) technology into its mining processes. With the use of AI, HashFly seeks to revolutionize cloud mining through enhanced operational efficiency, profitability maximization, and providing users with stable returns amid an ever-changing world of cryptocurrencies.

    A New Era of Smarter Mining

    In the year 2025, HashFly committed to innovating beyond the limits of what is possible with cloud mining. The integrated advanced AI systems of HashFly platform enable users to make more informed decisions, help them respond rapidly to new conditions, and optimise performance in all mining activities. The AI system receives enormous amounts of data from hash rates, power usage, and market conditions to allow rapid changes to improve mining performance in real time. 

    The AI technologies today enable HashFly to maximize its mining facilities by predicting the market correctly, modifying operations from real-time information, and utilising all available resources to ensure maximum profit for its users.

    David Chen, the CEO of HashFly, stated, “With an Advanced AI model now embedded into our mining operation process, we’re not just improving our ability to mine cryptos but we’re bringing a higher level of intelligence into the process. The integrated AI technology helps us optimize server resources, predict the basic market movements, and ensure that our cloud mining stack are as efficient as possible, leading to better outcomes for our users.”

    How AI Enhances HashFly’s Cloud Mining Performance

    The incorporation of AI into HashFly’s cloud mining system brings several distinct advantages. By processing its real-time data from mining operations, the platform can automatically adjust mining processes to make sure they are as efficient as possible, even during highly fluctuating market conditions.

    Some of the ways AI improves cloud mining at HashFly include:

    • Predictive Adjustments: AI can forecast market shifts and adjust mining strategies accordingly, ensuring the platform stays profitable even as conditions change.
    • Real-Time Data Analysis: The mining operations data helps the system to make instant adjustments for continuous optimisation of the mining process to increase yield.
    • Efficient Resource Management: The integrated AI model ensures that the mining resources are properly distributed and used in the most efficient way to increase productivity.
    • Cost Efficiency: The AI system improves energy consumption and reduces waste by analyzing network difficulty and adjusting mining power accordingly.

    “AI helps us achieve a level of adaptability that was once unattainable,” Chen added. “We no longer rely solely on manual oversight. The AI calculates the learning from each data point and adjusts automatically, making our mining operations responsive to the market than they were before.”

    Transparency and Control for Users

    One of the main Advantages for HashFly users is the added transparency that comes with AI integration. The user interface of the platform offers real-time monitoring of mining performance, allowing users to monitor their income, keep track of the effectiveness of their operations, and make informed decisions regarding their investments.

    With the help of AI, HashFly ensures that users can make informed choices based on real-time data rather than relying on outdated mining metrics. This level of transparency strengthens trust between the platform and its users, providing them with more control over their investments.

    A Commitment to Sustainability

    When it comes to the performance and profitability of the platform, HashFly is also leveraging AI to improve the sustainability of its mining operations. The data centres of HashFly are running on renewable energy, which is integrated with the advanced AI, will help to further optimise energy consumption by adjusting mining activity based on real-time network conditions. This commitment to reducing energy consumption makes HashFly’s operations more environmentally friendly and efficient.

    “We are committed to running our mining operations as sustainably as possible,” said Chen. “AI plays a critical role in helping us achieve that by ensuring we minimise energy waste and maximise the return on every resource we use.”

    A Future Built on Innovation

    A Future Built on Innovation With this step into artificial intelligence, HashFly is to set the stage for a new standard in the cryptocurrency mining industry by integrating an advanced AI model. HashFly improves the way it operates but also helps its users take advantage of smarter mining strategies that enhance profitability.

    As the crypto market continues to evolve, the HashFly team’s approach will ensure that it maintains a trusted platform for cloud mining investors from all around the world. By combining an advanced AI model with the power of cloud mining, HashFly is going to shape the future of digital asset mining, which offers users an efficient yet profitable way to engage in the industry.

    About HashFly

    Hashfly was founded in the year 2013, a leading cloud mining provider that enables users to mine popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin without the need for costly hardware or technical expertise. This user-friendly platform, HashFly, is backed by cutting-edge technology, including advanced AI optimisation, and continues to lead the way in transforming the cloud mining experience.

    For more information, visit www.hashfly.com.

    MEDIA CONTACT
    Name: Scott Joseph
    Email: info@hashfly.com
    Job Title: Director
    City/Country: New York, USA

    Disclaimer: This press release is for informational purposes only and does not constitute financial advice, legal advice, or investment recommendations. Cryptocurrency involves risk and market volatility. Please research or consult a licensed financial advisor before making investment decisions. H.com and associated parties are not liable for any financial loss incurred.

    Attachment

    The MIL Network

  • MIL-OSI: TRESU Investment Holding A/S – Announcement of Q1 2025 Interim Report

    Source: GlobeNewswire (MIL-OSI)

    TRESU INVESTMENT HOLDING A/S
    ANNOUNCEMENT NO. 07.2025
    27.05.2025

    TRESU Investment Holding A/S – Announcement of Q1 2025 Interim Report

    Tresu Investment Holding A/S today publishes the Q1 2025 Interim Report and presentation of the financial results.

    We are pleased to invite you to the financial results call, which is being held

                                                 Wednesday, 11. June 2025, at 1pm CET.

    The Interim Report will be presented by Stephan Plenz, CEO and Torben Børsting, CFO. After the presentations there will be an opportunity for Q+A.

    A recording of the results call will be made available for four hours on the TRESU IR website.

    To register for the investor call, please send an e-mail to fho@tresu.com directed to Financial Manager at TRESU A/S, Finn Holm, no later than 10. June 2025 9am CET.

    Stephan plenz
    CEO, TRESU

    For further details, please contact:
    CEO, Stephan Plenz, phone: +45 2194 5480
    CFO, Torben Børsting, phone: +45 5130 2780

    Attachments:

    TRESU Investment Holding AS interim report 2025 Q1

    Quarterly reporting – 2025 Q1

    Attachments

    The MIL Network

  • MIL-OSI USA: UConn Has Record-Breaking Cohort for Gilman Scholars

    Source: US State of Connecticut

    A record-breaking 31 UConn students have been awarded a Gilman Scholarship in the latest cohort of the prestigious academic award. The award is congressionally funded through the Bureau of Education and Cultural Affairs at the State Department.

    The funding supports expanding student participation in study abroad programs and encourages travel to diverse locations around the globe, along with intensive language study and internship experiences.

    The 31 UConn students, who will study in 14 different countries, will receive a total of nearly $94,000 in scholarship funds through the Gilman program. A total of 40 UConn students have earned Gilman awards in the last two cohorts, this one and October 2024, for a total of more than $121,500 in scholarship funding.

    Students applying for Gilman Scholarships work with advisors in UConn’s Office of National Scholarships & Fellowships (ONSF) and Experiential Global Learning (EGL). Rachel Gleicher, an advisor in EGL, and Michael Cunningham, assistant director of ONSF and UConn’s Fulbright program advisor, are UConn’s two Gilman certifying advisors.

    “We are very excited that the Gilman program has selected so many UConn students this cycle,” says Cunningham. “It’s a testament to the quality of our students and to the hard work that they put into their applications.”

    Upon their return from studying abroad, each Gilman Scholar is required to complete a service project in their campus or home community with the goal of sharing the value of participation in study abroad and promoting the scholarship to prospective students. Applications are reviewed with consideration for the proposed follow-up service project.

    “We are so proud of these students for staying determined and focused on their study abroad goals,” says Gleicher. “Amid uncertain times, with federal funding freezes and broader uncertainty, they remained committed to their aspirations. Now more than ever, it is crucial to ensure students are aware of the funding opportunities available to them.”

    Eligibility for the Gilman Scholarship requires undergraduate students to be Pell Grant-eligible United States citizens who plan to study abroad for academic credit through a program approved by their home institution. Supporting students with high financial need provides access to students who are historically underrepresented in study abroad, including first-generation college students, STEM majors, ethnic and racial minority students, students with disabilities, LGBTQ+ students, and others who experience barriers to participation.

    Students from underrepresented areas of the U.S. are also considered during the application process and this year there are recipients from all 50 states.

    The following UConn students were selected as Gilman Scholars in this cycle, and they are listed with the location of where they will study as part of the program:

    Carina Adams-Szabo ’27 (CLAS), a psychology and political science major from Greenwich, who will be studying neuroscience this summer in Salamanca, Spain.

    Ashley Barragan ’27 (NUR), a nursing major who will be studying at the University of Dublin Summer Applied Research for Nursing Practice in Dublin, Ireland.

    Rhys Brauer ’27 (CLAS), a psychological sciences major, who will be studying neuroscience this summer in Salamanca.

    Brooke Catellier ’26 (CAHNR), an allied health major, who will be studying the Mediterranean diet and Tuscan cuisine in Florence, Italy, this summer.

    Kylene Chino ’26 (CLAS), a human rights and political science major, who will be studying in the fall at the Pusan National University in Shanghai, China.

    Jaiyliah Cochran ’25 (CLAS), a microbiology major, who will be studying field ecology this summer in Limpopo Province, South Africa.

    Mia Dansby ’26 (BUS), a management major, who will be studying this summer at ISI in Florence.

    Andrea D’Oleo ’27 (NUR), a nursing major from East Hartford, who will be studying in the Dublin Summer Applied Research Program for Nursing Practice in Ireland.

    Danyelix Echevarria Figueroa ’28 (ACES), a pre-teaching major from New Britain, who will study next spring at the University of Grenda in Grenda, Spain.

    Dahiana Fernandez-Ramirez ’26 (CLAS), a psychological sciences major, who will be studying this fall at ISI Florence.

    Adiriana Garcia Vazquez ’25 (CLAS), a cognitive science major from Bridgeport, who will be studying this fall at the Interdisciplinary Ethnography Field School in Mauritius.

    Hannah Ginste ’26 (CLAS), a communications major, who will be doing a summer internship in London.

    Jessica Glowacki ’25 (CLAS), a biological sciences major who will be studying field ecology this summer in Limpopo Province, South Africa.

    Emma Hazard ’27 (CAHNR), a diagnostic genetic sciences major, who will be studying the Mediterranean diet and Tuscan cuisine in Florence this summer.

    Danecia Henry ’28 (BUS), a management major from New Haven, will be studying in the summer at Camino de Santiago in Spain.

    Ty’Laisha Huff ’27 (NUR), a nursing major from Hartford, will be studying at the Dublin Summer Applied Research Program for Nursing Practice in Ireland.

    Layan Jahaf ’28 (CLAS), a political science and Arabic and Islam civics major, who will be studying this fall in London.

    Dee Jerome ’26 (CAHNR), an allied health sciences major from Bridgeport, who will be studying this summer in Accra, Ghana.

    Evelyn Pazan ’27 (CLAS), a finance and German major, who will be studying during the 2025-26 academic year at the University of Mannheim in Germany.

    Danielle Phillips ’27 (CLAS), an individualized major in industrial and labor relations from Bridgeport, who will be studying this summer at the Intercultural Leadership Program in Strasbourg, France.

    Jocelyn Ramirez ’26 (BUS), a management major from New Haven, who will be studying this summer at ISI.

    Jamie Ross ’27 (CLAS), a physiology and neurobiology major, who will be studying next winter in Barcelona, Spain.

    Ellie Sanders ’27 (CAHNR), a nutritional sciences major from West Cornwall, who will be studying the Mediterranean diet and Tuscan cuisine in Florence this summer.

    Fabio Silveira ’26 (CLAS), a pathobiology major, who will be studying neuroscience this summer in Salamanca, Spain.

    Amber Szymanski ’26 (CLAS), a political science and human rights major, who will be studying this fall at the Pusan National University in Busan, South Korea.

    Angel Uchupailla ’26 (CAHNR), an allied health major from Stamford, who will be studying this winter in Rome.

    Lyric Vargas ’27 (CLAS), a political science and psychological science major, who will be studying this fall at the University of Lisbon in Portugal.

    Erica Wong ’26 (CLAS), a political science and urban and community studies major, who will be studying this fall at Fudan University in Shanghai, China.

    Morgan Xu ’26 (ENG), a materials science and engineering major from Chesire, who will be studying this fall at the National University of Singapore.

    Ada Yeung ’27 (CLAS), an individualized major, who will be studying next spring at Fudan University.

    Maggie Zheng ’27 (BUS), an accounting major, who will be studying next spring at Fudan University.

    MIL OSI USA News

  • MIL-OSI: BIO-key and Runlevel Secure First Major IAM Deployment with a National Bank in Mozambique; Extends Growing List of Banking Customers

    Source: GlobeNewswire (MIL-OSI)

    LISBON, Portugal and HOLMDEL, N.J., May 27, 2025 (GLOBE NEWSWIRE) — BIO-key International, Inc. (NASDAQ: BKYI), a global leader in Identity and Access Management (IAM) solutions featuring Identity-Bound Biometrics (IBB), today announced a strategic partnership with Runlevel, a specialized cybersecurity solutions provider, as well as the partnership’s first customer deployment. Runlevel focuses on Portuguese-speaking African countries (“Países Africanos de Língua Oficial Portuguesa or “PALOP”) and Timor-Leste in Asia.

    Runlevel joins BIO-key’s Channel Alliance Partner (CAP) program as a Value-Added Reseller (VAR) for businesses and government institutions in PALOP countries and Timor-Leste, which face increasing cybersecurity challenges. The Runlevel partnerships marks the beginning of a broader effort to expand adoption of BIO-key solutions across the region, ensuring financial institutions, government agencies and enterprises can benefit from secure, scalable and compliant digital identity solutions. In support of BIO-key’s solutions, Runlevel will provide pre-sales consulting, deployment support and technical training tailored to regulatory requirements in PALOP and Timor-Leste.

    Partnership’s First Major Deployment
    BIO-key and Runlevel have already secured their first customer in the region — a National Bank in Mozambique — which is deploying a comprehensive suite of BIO-key’s biometric-based IAM solutions.

    This deployment highlights the growing need for robust IAM solutions in the partnership’s territories and reinforces BIO-key’s position as a trusted cybersecurity partner within the global financial sector.

    The deployment includes the following BIO-key solutions:

    • PortalGuard On-Prem
    • Highly secure IAM platform with Multi-factor Authentication (MFA)
    • Single Sign-On (SSO) capabilities.

    Miguel Guerreiro, Managing Partner at Runlevel, commented, “Runlevel is committed to delivering cutting-edge security solutions that address the unique challenges faced by customers in PALOP and Timor-Leste. Partnering with BIO-key enables us to provide advanced IAM technologies that enhance cybersecurity, streamline authentication, and ensure compliance. Securing our first major deal together is a strong validation of this partnership and demonstrates the critical need for robust identity security solutions in the financial sector.”

    Alex Rocha, International Managing Director at BIO-key, added, “Runlevel is an ideal partner to expand BIO-key’s reach into Portuguese speaking markets. Their deep knowledge of the local cybersecurity landscape and strong relationships with key enterprises and public institutions make them a perfect fit for delivering BIO-key’s IAM solutions. Securing our first project together with a National Bank in Mozambique confirms the demand we believe exists for advanced IAM solutions in these regions and adds to BIO-key’s growing presence in the financial sector. Together, we are committed to supporting customers with secure, scalable, and regulation-compliant authentication technologies.”

    About Runlevel (www.runlevel.pt)
    Runlevel is a specialized cybersecurity solutions provider focusing on Portuguese-speaking African countries (PALOP) and Timor-Leste. The company delivers advanced IT security, infrastructure, and compliance solutions, helping organizations navigate the evolving cybersecurity landscape with best-in-class technology and expert consulting services.

    About BIO-key International, Inc. (www.BIO-key.com)
    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Investor Contacts
    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

    The MIL Network

  • MIL-OSI: LIS Technologies Inc. Appoints Leading Regulatory Expert Julie Olivier as its Regulatory Affairs and Licensing Director

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, May 27, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has appointed Julie Olivier as its Regulatory Affairs and Licensing Director.

    Julie Olivier brings more than twenty‑five years of experience across the commercial energy sector, with primary focus on the nuclear fuel cycle and ash management at coal sites. Her expertise covers environmental protection, facility siting, decommissioning, waste management, risk assessment, security, material control and accountability, quality assurance, performance improvement, emergency preparedness, and chemical safety.

    “This is a really exciting time for the nuclear industry and the US government’s commitment to build back nuclear, including a robust domestic fuel supply chain, suggests that it is only the beginning,” said Julie Olivier, Director of Regulatory Affairs and Licensing of LIS Technologies Inc. “I am delighted to join LIST at this pivotal moment for the Company amidst the nation’s nuclear renaissance. The future of this technology is bright, and I am very excited to help steer it through the licensing process and toward commercialization.”

    Figure 1 – LIS Technologies Inc. Appoints Julie Olivier as its Director of Regulatory Affairs and Licensing.

    Ms. Olivier began her career as a Safety Analyst at the DOE’s West Valley Demonstration Project before spending nine years at the Nuclear Regulatory Commission in Fuel Cycle Safety and Safeguards, New Nuclear Licensing, and the Chairman’s Office. She later became the Regulatory Affairs Manager for Global Laser Enrichment, then Nuclear Fleet Licensing Manager at Duke Energy, where she was promoted to Director within the Coal Combustion Products team. Most recently, she consulted on advanced‑nuclear facility siting and licensing for the Tennessee Valley Authority.

    As Regulatory Affairs Manager, Ms. Olivier secured the NRC’s first license for a uranium laser‑enrichment technology. She holds a Six Sigma Lean Green Belt, a B.S. in Chemistry from the University of New Orleans, and an M.S. in Environmental Engineering from Virginia Tech.

    “We are very pleased to welcome Julie to this critical role in the future of LIST,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “Her depth of experience will be essential as we strengthen our engagement with government, regulatory stakeholders and to help move our CRISLA technology to the next stage of development, while also preparing for commercial deployment. I look forward to working with her as we advance our leadership in U.S. domestic uranium enrichment.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of radioisotopes isotopes for medical and scientific research, and the production of stable isotopes with applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “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”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., 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 which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. 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. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network

  • MIL-OSI: authID Announces its 2025 Board of Directors Nominees Ahead of Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    Highly Qualified New Board Nominees Will Strengthen authID’s mission to Drive Growth and Value Creation for Shareholders

    2025 Annual Meeting to be Held on June 26, 2025

    DENVER, May 27, 2025 (GLOBE NEWSWIRE) — authID® (Nasdaq: AUID)(“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, is nominating four highly qualified executives to the Board of Directors (the “Board”), in addition to the nomination of existing directors, included within the 2025 Proxy Statement filed on May 16, 2025. The 2025 Annual Meeting will be held virtually on June 26, 2025, at 10.00 a.m. EDT. 

    The following new Board nominees will be up for election at the Company’s 2025 Annual Meeting:

    Further information about each nominee is included at the end of this release.

    “authID is fortunate to nominate these talented business leaders to our Board,” said Rhon Daguro, authID’s Chief Executive Officer. “Their willingness to serve demonstrates their belief in our mission to deliver market-leading biometric identity authentication solutions in an increasingly AI-driven world. We look forward to benefitting from their leadership as we continue to focus on driving growth and creating value for shareholders.”

    “With AI evolving rapidly and cybersecurity more critical than ever, biometrics will play a foundational role in shaping our digital future,” said Krish Venkataraman, former President of Dataiku, Co-President/Board member of KnowBe4 (prior ticker: KNBE), and CFO of Socure. “authID has taken a truly differentiated approach to biometrics—one that is well-suited for rapid adoption by large enterprises. I’m deeply impressed by what this talented team of identity and fraud prevention experts has achieved in such a short time, and I’m excited to support their continued growth by joining the Board.”

    “I’ve been fortunate to partner with forward-looking tech companies over the years, and I believe that authID can surpass my expectations for innovation and vision,” said Ram Menghani, Past President of NEC Enterprise Communication Technologies. “They can not only compete but transcend other players in bringing biometric assurance to public and private sector organizations and be a truly great global partner for companies like mine who need the confidence of knowing who is behind each and every device. I look forward to helping authID grow and flourish in its next stage of development by joining the Board.”

    “Like the leadership team at authID, I have worked for decades in cybersecurity, so we share the same vision for safeguarding the enterprise, while protecting user privacy,” said Nick Shevelyov, Founder of vCSO.ai. “I am excited to join the Board as I feel they are the right organization at the right time to provide the best of biometric identity security to a market that absolutely requires security and compliance as the cloud continues to expand not only enterprise opportunities but also enterprise risks.”

    “I have placed my confidence in authID’s technology for many years and now we see that authID is expanding its global presence,” said Stephen J. Garchik, President of SJM Partners. “authID’s biometric identity platform is helping an increasing number of organizations securely manage identities across borders and verticals, while maintaining compliance with international laws. I am delighted for the opportunity to join the Board and help the Company in the next phase of its journey.”

    At the meeting, proposals will be submitted to elect directors, ratify the appointment of auditors and ratify an increase in the shares allocated to the 2024 Equity Incentive Plan.

    In addition to recommending the new Board nominees, authID is proposing the election of six of the current directors. Thomas Szoke, Founder and Chief Technology Officer (CTO), will step down as a director at the meeting, in order to focus on his role as CTO to continue enhancing the Company’s technology.

    “On behalf of the Board, I want to thank Tom for his significant contributions to authID as a board director,” added Daguro. “Fortunately, authID will continue to benefit from Tom’s visionary direction and strategic contributions in his continuing critical role as authID’s CTO.”

    Annual Meeting

    The Company has filed its Proxy Statement with the SEC, which explains all the proposals and provides other information about the Company, and is mailing the Notice of Meeting, the Proxy Statement and additional materials related to the Annual Meeting to stockholders. Stockholders who hold their shares through brokerage accounts will receive the materials via their brokers, either through the mail, or electronically depending on their communication preferences.

    The meeting will be held via a webcast. To join the webcast, investors must register in advance here: authID 2025 Annual Meeting Registration. Participants are advised to pre-register with a validated email address. Registrants will receive a confirmation email and calendar notice to add the meeting to your calendar. During the call, attendees will be invited to ask questions through the Q&A option in the Meeting webcast portal.

    Stockholders will be able to view the materials electronically at the Company’s Investor Relations site at 2024 Annual Reports or at www.investorvote.com/AUID.

    Stockholders will also be able to vote electronically, in accordance with the instructions provided in the materials each will receive. Stockholders are encouraged to vote by proxy ahead of the meeting, whether or not they plan to attend the meeting, to ensure their votes are counted.

    Director Nominee Biographies

    Stephen J. Garchik

    Mr. Garchik has been associated with authID for approximately 10 years as a major investor and supporter and now holder of 10% of the outstanding common stock. Since 1997, Mr. Garchik has been President of SJM Partners, a real estate development, design and construction, leasing and management company. SJM Partners owns over 40 retail, commercial and residential properties. Mr. Garchik has over 40 years of management and business experience and serves on the board of several non-profit institutions. He holds a Bachelor of Science and M.B.A. degree from the Wharton School at the University of Pennsylvania. Mr. Garchik’s extensive experience provides authID’s Board with a valuable perspective regarding business management, operations and strategy, in addition to a broad range of business connections.

    Ram Menghani

    Mr. Menghani has been Past President of NEC Enterprise Communications from 2020 to 2025 and is executive advisor to NEC, having joined NEC Corporation of America in 2001, serving in various roles in product management and development. He has over 30 years of global leadership experience in unified communications, product innovation, and digital transformation. Mr. Menghani’s track record includes forging partnerships with major tech players like Microsoft and Oracle, modernizing legacy systems into cloud-based models, and guiding startups to successful exits. Mr. Menghani has deep expertise in product strategy, global markets, and digital innovation and brings his global high tech business partnerships and scaling expertise to the Board.

    Nicholas “Nick” Shevelyov

    Mr. Shevelyov is a cybersecurity executive with 30 years of experience who served as Chief Security and Privacy Officer and later as Chief Information Officer at Silicon Valley Bank from 2007 to 2021. He led key initiatives in cybersecurity strategy, cloud transformation, and modern software delivery there. Mr. Shevelyov was an early design partner to industry leaders like Palo Alto Networks, Zscaler, and FireEye. In 2021, he published “Cyber War…and Peace” and founded and serves as CEO of vCSO.ai, a cybersecurity advisory firm supporting organizations such as Group 42, the Audubon Society, and multiple cybersecurity product companies. He also serves on the Bay Area CSO Council and Cofense boards. Mr. Shevelyov has a bachelor’s degree in Economics from San Francisco State University and an MBA from University of San Francisco School of Management. Mr. Shevelyov’s CSO experience and expertise will provide authID with invaluable insight and experience in relation to its core activities as well as connections in the cybersecurity industry.

    Shrikrishna “Krish” Venkataraman

    Mr. Venkataraman is a seasoned technology and Wall Street executive with a strong track record of leading IPOs, strategic sales, and large-scale corporate transformations. He represents a new generation of multi-disciplinary executives, having served in roles including President, CFO, COO, CAO, and public/private board member. Beyond traditional finance responsibilities — treasury, controllership, M&A, and investor relations — he has led sales, HR, IT, legal, and operations teams with a strong focus on IT and cybersecurity governance. Mr. Venkataraman served as President of Daitaku a leading AI firm, from 2023 to April 2025. Prior to that from 2022 to 2023 he was the Chief Financial Officer of Socure Inc. Mr. Venkataraman served as Co-President and Chief Financial Officer of KnowBe4 Inc. (Formerly Nasdaq: KNBE) a global security platform offering human risk management, from 2018 to 2022 and for a subsequent year as a Board member. Earlier in his career, he held leadership roles at Dealogic Lehman Brothers, NYSE Euronext, American Express, and Deloitte Consulting. Krish holds a B.S. from Carnegie Mellon University and an MBA from Cornell University’s Johnson Graduate School of Management. He brings his high-tech finance expertise to help authID with strategic deals, strategic capital, and generally in matters of corporate finance. 

    About authID Inc.

    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey™ solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.

    For further information please visit authid.ai

    Investor Relations Contacts
    authID Investor Relations
    investor-relations@authID.ai

    Media Contacts
    Walter Fowler
    1-631-334-3864
    wfowler@nexttechcomms.com

    The MIL Network

  • MIL-OSI: New Study Reveals Agriculture as Largest, Most Resource-Intensive Industry on Earth

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, May 27, 2025 (GLOBE NEWSWIRE) — RA Capital Management’s Planetary Health Team and The Nature Conservancy have released a groundbreaking analysis that exposes agriculture as the most resource-intensive industry on Earth: it’s the leading contributor to methane emissions, a key driver of water pollution, and it uses roughly half of viable land on Earth. As agriculture is often viewed in silos, its $15T scale and opportunity are often overlooked. The just-released Agriculture Map by RA Capital Management’s Planetary Health team and The Nature Conservancy calls for a systems-level approach to address the urgent risks and transformative opportunities within agriculture through innovation, incentives to change, and direct investment.

    A Media Snippet accompanying this announcement is available in this link.

    The Agricultural Map highlights:

    • Agriculture’s massive footprint means high ROI for broader adoption of best practices: optimizing global yields of staple grains, fruits, and vegetables would allow the world to produce the same amount of food with much less land – freeing up a land area the size of Mexico (~3x the size of Texas).
    • Agriculture produces more methane (a potent greenhouse gas) than any other human activity: Cattle alone produce as much methane as oil, coal, and bioenergy; rice paddies produce more methane than the natural gas industry.
    • Agriculture consumes more water than any other human activity and also causes the most water pollution. Investment in on-field and edge-of-field systems can significantly improve water quality and use. 
    • Fertilizer is important for optimizing crop yields, but fertilizer runoff causes hundreds of billions of dollars worth of losses each year, mostly due to impacts on commercial fishing, tourism, and property values, and creates aquatic dead zones the size of the United Kingdom.

    “Agriculture is the backbone of our global economy, but it’s also the most resource-intensive and environmentally demanding industry on Earth. If we are serious about tackling climate change, water pollution, and food security, we must rethink how we grow, produce, and manage our resources. Sustainable solutions are not just an option – they are a necessity to transform agriculture into a cleaner, more efficient, and resilient industry that can feed the world for generations to come,” noted Kyle Teamey, managing partner, RA Capital Planetary Health.

    Details within the Agriculture Map provide decision-makers with the knowledge they need to navigate the future of agriculture, from sustainable investment strategies to policy reform and innovation in farming technologies. The findings challenge conventional wisdom and call for urgent and coordinated attention from businesses, investors, governments, and philanthropic organizations. The map is a culmination of extensive research led by RA Capital and The Nature Conservancy. It combines proprietary data analysis with a systems-level approach to visualize and communicate the scale and interconnectedness of global agriculture’s planetary impacts while highlighting a range of potential solutions for select problems.

    “The environmental and human health challenges posed by the food system are well-understood in some circles but making this information material and actionable to stakeholders can be a real challenge,” said Stephen Wood, Senior Scientist of Agriculture and Food Systems at The Nature Conservancy. “This map makes it possible for non-experts to quickly understand the scope and scale of the problem, as well as the solutions.”

    The full map is available for download at Agriculture: Hiding in Plain Sight

    About RA Capital Management 

    Founded in 2004, RA Capital Management is a multi-stage investment manager dedicated to evidence-based investing in public and private healthcare, life sciences, and planetary health companies. RA Capital creates and funds innovative companies, from private seed rounds to public follow-on financings, allowing management teams to drive value creation from inception through commercialization and beyond. RA Capital’s knowledge engine is guided by its TechAtlas internal research division, and Raven, RA Capital’s healthcare incubator, offers entrepreneurs and innovators a collaborative and comprehensive platform to explore the novel and the re-imagined. RA Capital has more than 150 employees and over $10 billion in assets under management. 

    RA Capital’s Planetary Health team focuses on creating and funding companies that commercialize scalable, profitable solutions to reduce emissions, increase resource availability, and restore environmental quality, because solutions that heal the planet will yield both healthy people and healthy profits. 

    About The Nature Conservancy

    The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. The Nature Conservancy is working to make a lasting difference around the world in 81 countries and territories (40 by direct conservation impact and 41 through partners) through a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit nature.org or follow @nature_press on X.

    Media Contact:

    Alex Banat for RA Capital

    racapital@v2comms.com

    The MIL Network

  • MIL-OSI: MicroAlgo Inc. Explores Optimization of Quantum Error Correction Algorithms to Enhance Quantum Algorithm Accuracy

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, May 27, 2025 (GLOBE NEWSWIRE) — MicroAlgo Inc. Explores Optimization of Quantum Error Correction Algorithms to Enhance Quantum Algorithm Accuracy

    Shenzhen, May. 27, 2025––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced efforts to improve the accuracy and reliability of quantum algorithms by exploring and optimizing quantum error correction algorithms. Quantum error correction algorithms are designed to detect and correct errors in qubits. Due to the fragility of qubits during quantum computation, quantum states are easily affected by various noise and interference. Challenges such as ensuring efficient error correction in large-scale qubit systems and better adapting to the continuously changing error patterns in complex environments lead to errors occurring in qubits.
    MicroAlgo optimizes quantum error correction algorithms by introducing redundant qubits (i.e., auxiliary qubits) and specific measurement operations to detect errors in qubits. It then uses a series of complex operations to correct these errors and restore the correct quantum state. The core of quantum error correction algorithms lies in constructing stable quantum information encoding and efficient mechanisms for error detection and correction, ensuring the accuracy and reliability of quantum computation.
    Quantum Information Encoding: the first step of a quantum error correction algorithm is encoding quantum information. This is typically achieved by introducing redundant qubits—distributing the original quantum information across multiple qubits to form what is known as a quantum codeword. This encoding method allows quantum information to retain enough data, even in the presence of noise and interference, to detect and correct errors. An efficient quantum encoding scheme can enhance the resilience of quantum information to disturbances while maintaining high encoding efficiency.
    Error Detection: after the quantum information has been encoded, the next step is error detection. This is accomplished through specific measurement operations, typically by measuring auxiliary qubits to determine whether errors exist in the quantum codeword. A well-designed, high-sensitivity measurement scheme can accurately detect even subtle errors in qubits. At the same time, the scheme should have strong robustness, allowing it to withstand various types of noise and interference and ensure accurate error detection.
    Error Correction: once an error is detected in a quantum codeword, error correction must be performed. This typically involves a series of complex quantum operations to restore the erroneous qubits to their correct states. Developing an efficient error correction algorithm enables rapid and accurate localization and correction of faulty qubits based on the detected error information. The algorithm should also be highly scalable, allowing it to be applied to quantum computing systems of various sizes.
    Iterative Optimization: after completing one round of error detection and correction, the quantum error correction algorithm undergoes iterative optimization. This step involves continuously repeating the processes of encoding, detection, and correction to progressively reduce the error rate in qubits and improve the accuracy of quantum algorithms. Additionally, the algorithm can dynamically adjust the encoding scheme, measurement protocol, and correction algorithm based on feedback gathered during the iterations, further enhancing the performance of quantum error correction.
    MicroAlgo’s quantum error correction algorithm adopts an efficient quantum encoding scheme that enhances the resistance of quantum information to interference while maintaining high encoding efficiency. This quantum error correction algorithm is highly sensitive, capable of accurately detecting even minor errors in qubits. It also exhibits strong robustness, enabling it to quickly and precisely locate and correct erroneous qubits, and it offers excellent scalability.
    MicroAlgo’s quantum error correction algorithm holds broad application prospects across multiple fields. In the field of quantum communication, the algorithm enhances the anti-interference capability and security of quantum communications, providing strong support for quantum key distribution and quantum-secure communication. In the realm of quantum computing, the algorithm reduces error rates in qubits, thereby improving the accuracy and reliability of quantum algorithms, which strongly supports the promotion and adoption of quantum computing in practical applications. Additionally, the algorithm can be applied in areas such as quantum simulation and quantum optimization, offering new technological tools and solutions for research and development in these domains.

    About MicroAlgo Inc.
    MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

    Forward-Looking Statements
    This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

    MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

    Contact
    MicroAlgo Inc.
    Investor Relations
    Email: ir@microalgor.com

    The MIL Network

  • MIL-OSI: Check Point to Acquire Veriti to Transform Threat Exposure Management and Reduce Organizations’ Cyber Attack Surface

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., May 27, 2025 (GLOBE NEWSWIRE) — AI-fueled attacks and hyperconnected IT environments have made threat exposure one of the most urgent cybersecurity challenges facing enterprises today. In response, Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced a definitive agreement to acquire Veriti Cybersecurity, the first fully automated, multi-vendor pre-emptive threat exposure and mitigation platform.

    “The acquisition of Veriti marks a significant step toward realizing our hybrid mesh security vision,” said Nadav Zafrir, CEO at Check Point Software Technologies. “It strengthens the Infinity Platform’s open-garden approach, enabling seamless, multi-vendor remediation across the entire security stack. With Veriti, we’re advancing preemptive, prevention-first security – an imperative in today’s AI-driven threat landscape.”

    AI has brought cyber security to a tipping point, enabling the launch of attacks at scale. At the same time, enterprises are hyperconnected, with assets spread across clouds, datacenters, and endpoints, vastly expanding their attack surface. Traditional reactive security is too slow. Veriti continuously identifies, prioritizes, and remediates risk across your multi-vendor environment through automated patching and collaborative threat intelligence, all without disrupting business.

    Founded in 2021, Veriti pioneered the Preemptive Exposure Management (PEM) category—actively discovering and mitigating risks across siloed tools. Veriti continuously monitors logs, threat indicators, and vulnerabilities identified across the environment and propagates protections in real time. With integrations into over 70 vendors, it empowers security teams to detect, understand, and prevent attacks without delay.

    Core capabilities Veriti brings to the Check Point Infinity Platform:

    • Automated, cross-vendor virtual patching: Veriti instantly applies risk-free, non-disruptive protections across dozens of third-party tools, based on vulnerabilities identified by platforms like CrowdStrike, Tenable, and Rapid7, dramatically reducing patching time from weeks to minutes.
    • Real-time threat intelligence enforcement: Veriti verifies threat indicators from any connected tool and automatically orchestrates protection across firewalls, endpoints, WAFs, and cloud platform, enabling fast, coordinated, multi-vendor threat response.
    • Seamless integration with 70+ security vendors: Built with a fully API-based architecture, Veriti integrates into existing environments without agents or disruption, supporting the broadest security ecosystem in the market.
    • Stronger synergy with Wiz: Veriti ingests Wiz’s cloud exposure insights, such as vulnerable, unpatched cloud servers or applications, and enables automatic, safe virtual patching of those assets through Check Point gateways (and other vendors’ as well), enhancing Check Point’s ability to execute on its strategic partnership with Wiz.
    • Safe, context-aware remediation: Veriti analyzes each customer’s environment, including exposures, configurations, and existing protections, to apply the right controls safely, and without operational impact.

    “Security teams today suffer from a lack of action: exposures aren’t just detected, they’re compounding, hiding in the gaps between tools, teams, and timelines,” said Adi Ikan, CEO and co-founder of Veriti. “We founded Veriti to help organizations not just see risk, but remediate it safely, at scale, and most importantly – without disruption. By joining Check Point, we’re accelerating that mission. Together, we’ll help organizations reduce their exposure faster through the security tools they already trust.”

    Following the closure of the transaction, Veriti’s capabilities will be integrated into the Check Point Infinity Platform as part of the Threat Exposure and Risk Management offering. Combined with the recently added External Risk Management (ERM) solution, Veriti enhances Check Point’s ability to deliver complete risk lifecycle coverage—proactively managing both internal and external exposures across the entire attack surface.

    The closing of the transaction is subject to the customary closing conditions and is expected to occur by the end of Q2 2025.

    Follow Check Point via:
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies  
    X: https://www.twitter.com/checkpointsw  
    Facebook: https://www.facebook.com/checkpointsoftware  
    Blog: https://blog.checkpoint.com   
    YouTube: https://www.youtube.com/user/CPGlobal  

    About Check Point Software Technologies Ltd.

    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point’s prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers.

    Legal Notice Regarding Forward-Looking Statements

    This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point’s industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking state

    About Veriti
    Veriti is an AI-driven exposure assessment and remediation platform that continuously identifies vulnerabilities, misconfigurations, and exploitability across the entire security stack, on-prem and in the cloud. By leveraging compensating controls and layered defense strategies, Veriti ensures that potential and active threats are proactively managed and safely remediated without disrupting business continuity. Founded in 2021 by Adi Ikan and Oren Koren, Veriti is trusted by enterprises worldwide to instantly reduce risk and streamline exposure assessment and remediation for today’s hyper-connected organizations.

    The MIL Network

  • India committed to peace and progress, says PM Modi in Gandhinagar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday reiterated India’s commitment to peace, progress, and the welfare of all citizens, while addressing a large public gathering at Mahatma Mandir in Gandhinagar. The Prime Minister inaugurated development projects worth ₹5,536 crore as part of the 20-year celebration of Gujarat’s Urban Growth Story.

    The Prime Minister said that India has always extended a hand of friendship and support in times of crisis, yet often faced violent responses in return. Addressing the youth, he urged them to understand how the country has been systematically undermined over the decades.

    Referring to the Indus Waters Treaty, which has recently been put in abeyance, the Prime Minister highlighted concerns regarding water management in Jammu and Kashmir. He said that although dams were constructed, proper maintenance, including desilting and gate operations, was neglected for six decades. As a result, storage capacity dropped drastically, with reservoirs functioning at only 2 to 3 percent of their full potential. He asserted that every Indian has a rightful claim to access water and that while no drastic step has been taken, initial corrective measures have now begun.

    Reaffirming India’s peaceful approach, the Prime Minister said, “We seek no hostility with anyone. India desires peace and prosperity, not only for itself but for the entire world.” He underlined the government’s firm determination to ensure national progress and improve the quality of life for every citizen.

    The Prime Minister noted that May 26 marks the anniversary of his first swearing-in ceremony as Prime Minister in 2014. At that time, India ranked 11th in the global economy. He spoke of the numerous challenges the country has faced since then, including the COVID-19 pandemic, border tensions, and natural disasters. Despite these hurdles, he said India had moved up to become the world’s fourth-largest economy, showcasing the country’s resilience and developmental strides.

    The Prime Minister also recalled his roots in Gujarat, acknowledging the values and lessons he imbibed from his upbringing. He expressed gratitude to citizens for their continued faith in him and reaffirmed his commitment to working tirelessly for their welfare.

    Congratulating the Gujarat government for its sustained focus on urban development, Prime Minister Modi praised the state’s initiative -Gujarat Urban Growth Story- launched in 2005, which now completes two decades. He said that the Gujarat Government had not only celebrated its achievements but also used the learnings of the past to prepare a roadmap for the future. The newly unveiled strategy, he said, reflects a clear and structured vision to ensure sustainable urban progress for the next generation.

  • India’s rise in global economy a moment of national pride: PM Modi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday said India’s steady rise in the global economy is a matter of immense national pride. Addressing a public gathering in Gandhinagar, the Prime Minister recalled the sense of excitement across the country when India moved from being the sixth to the fifth-largest economy in the world. He noted that this enthusiasm was especially visible among the youth.

    PM Modi described the moment India surpassed the United Kingdom—its former colonial ruler—as historic. “India is now the fourth-largest economy in the world,” he said, “and there is growing pressure to reach the third position soon.”

    He reiterated the nation’s goal of becoming a fully developed country by 2047, when India completes 100 years of independence. The Prime Minister said that global recognition of India as a prosperous and strong nation must be the collective aim.

    Drawing a parallel to the freedom struggle, PM Modi paid tribute to national icons such as Bhagat Singh, Rajguru, Netaji Subhas Chandra Bose, Veer Savarkar, Shyamji Krishna Varma, Mahatma Gandhi, and Sardar Vallabhbhai Patel. He remarked that if the 25 to 30 crore population at the time could rally for independence and succeed in driving out colonial rulers in just a few decades, the current population of 140 crore can certainly achieve the vision of a developed India within the next 25 years.

    Looking ahead to Gujarat’s 75th year in 2035, the Prime Minister emphasized the need to begin long-term planning now. He said preparations must cover key sectors such as industry, agriculture, education, and sports to shape the state’s future in line with national progress.

    PM Modi also highlighted India’s aspiration to host the Olympics in 2036, reflecting the country’s growing global stature and readiness for leadership on the world stage.

  • MIL-OSI Security: Met urges Londoners to protect their phones from financial fraudsters

    Source: United Kingdom London Metropolitan Police

    A phone theft victim who had thousands of pounds stolen is backing a Met Police campaign to encourage people to take simple steps to protect their devices and finances.

    Officers have dealt with a number of cases of organised gangs taking control of a victim’s finances after getting access to their mobile banking and other financial apps – clearing accounts, taking out loans and using payment apps.

    The Met continues to focus on tackling phone theft across London with increased patrols in hotspot areas and better use of technology to identify perpetrators. A recent two-week focus on prolific offenders resulted in 292 arrests across London.

    Kush Chaudary’s phone was stolen by a group of men outside a bar in Soho in the early hours of 9 September 2023. The group struck up conversation with the victim and waited for him to unlock his phone before taking it.

    Within minutes they changed his passcode, transferred £5,000 from his crypto wallet, and stole several thousands more from his bank accounts. They also took out fraudulent loans of £22,000 and later used Apple Pay to spend around £8,000 on designer clothes and electrical products.

    He’s spoken about his experience in a video released by the Met to raise awareness of the issue and encouraged others to check their device security to limit the impact of phone theft. Kush said:

    “With my phone unlocked, they targeted anything they could gain immediate access to including my bank and crypto accounts. They were even able to take a loan out in a matter of seconds, ready to spend as soon as the shops opened up.

    “Seeing that unfold in front of my eyes was difficult. This was hard-earned savings I had that was being spent by strangers and I felt very exposed and vulnerable as I didn’t know when it would stop.”

    The Met Police are sharing three simple steps people can take to protect their phone:

    • Turn on ‘Stolen Device’ or ‘Anti-Theft’ protection features on your device

    • Use strong separate passwords for high-value applications

    • Watch out for people looking over you when you’re on your phone

    Detective Sergeant Isabella Grotto, from the Met’s economic crime team, said:

    “The Met has stepped up its work to prevent and tackle phone theft in London – with targeted patrols and plain-clothed operations in hotspot areas and improved use of phone-tracking data and intelligence.

    “By intensifying our efforts we are catching more perpetrators, but we know it’s still a serious problem and I encourage everyone to take these simple steps which could help prevent significant financial loss and fraud.”

    The gang involved in Kush’s theft were convicted and jailed following an investigation the Met. They were responsible for up to 60 other thefts and robberies in central London between December 2022 and November 2023 – and stole a total of £225,000:

    Jacob Raki, 23 (04.09.01), of Quayside Drive, Colchester, pleaded guilty to six counts of handling stolen goods, two counts of attempted fraud and one count of robbery. He and was jailed for 33 months.

    Joseph Serry-Kamal, 19 (04.05.06), of Jago Walk, SE5, pleaded guilty to one count of robbery. He was jailed for 24 months.

    Herman Solomon, 33 (08.09.91), of Dundas Road, SW9, pleaded guilty to handling stolen goods and fraud. He was jailed for 31 weeks.

    Smon Tecle, 27 (30.10.97), of Lett Road, SW9, pleaded guilty to one count of theft and two counts of fraud. He received a 10-month suspended prison sentence.

    Further information on how to protect your phone is available on theMet Police website.

    MIL Security OSI

  • MIL-OSI: Purpose Investments Inc. Announces Final May 2025 Distribution Rate for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final May 2025 distribution rates for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund.

    The following table reflects the final distribution amounts for the month of May. Ex-distribution date is May 28, 2025.

    Open-End Fund Ticker Symbol Final distribution per unit Record Date Payable Date Distribution Frequency
    Purpose USD Cash Management Fund – ETF Units MNU.U US $0.3531 05/28/2025 06/03/2025 Monthly
    Purpose Cash Management Fund – ETF Units MNY $0.2373 05/28/2025 06/03/2025 Monthly
    Purpose High Interest Savings Fund – ETF Units PSA $0.1070 05/28/2025 06/03/2025 Monthly
    Purpose US Cash Fund – ETF Units PSU.U US $0.3495 05/28/2025 06/03/2025 Monthly
               

    About Purpose Investments Inc.

    Purpose Investments Inc. is an asset management company with more than $23 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network

  • MIL-OSI: Urgently Promotes Michael Port to Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., May 27, 2025 (GLOBE NEWSWIRE) — Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the appointment of Michael Port as Chief Financial Officer, effective June 6, 2025. Mr. Port assumes the role from Timothy C. Huffmyer, who is stepping down as Chief Financial Officer to pursue other opportunities.

    Mr. Port previously served as Senior Vice President of Finance of Urgently. Prior to joining Urgently, Mr. Port served as Vice President of Finance and Controller of Lordstown Motors Corp. (“Lordstown”), an electric vehicle original equipment manufacturer and innovator, from September 2021 until June 2023, then Mr. Port consulted with Lordstown’s successor company, Nu Ride, Inc. (“Nu Ride”), providing transition services to Nu Ride’s management team. Mr. Port previously served as Chief Financial Officer of Energy Focus Inc., a manufacturer of LED lighting products and as an operational and strategic advisor to various manufacturing and service companies through MHPort Consulting LLC.

    “We are delighted to have Mike join Urgently at this very exciting time in our Company’s growth,” said Matt Booth, CEO of Urgently. “Mike’s wealth of experience in various senior level financial positions across the automotive industry and other high growth industries make him a great match for Urgently. We appreciate Tim’s many contributions to Urgently, are grateful for his extended help in transition and wish him all the best in his future endeavors.”

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

    For media and investment inquiries, please contact:

    Press: media@geturgently.com

    Investor Relations: investorrelations@geturgently.com

    The MIL Network

  • MIL-OSI Africa: APO Group Reveals its Role as Architect Behind Catholic Church in Africa’s Groundbreaking Communications Volunteer Programme

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

    APO Group Reveals its Role as Architect Behind Catholic Church in Africa’s Groundbreaking Communications Volunteer Programme The volunteer task force includes African PR Professionals currently working in major corporations and international NGOs ACCRA, Ghana, May 27, 2025/APO Group/ — APO Group (www.APO-opa.com), a leading award-winning pan-African public relations and communications consultancy, has strategically unveiled a volunteer communications programme comprising experienced communication professionals to support the Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) (www.SECAM.org), the governing body of the Roman Catholic Church in Africa. This groundbreaking initiative, developed and launched by APO Group aims to enhance the Roman Catholic Churches ability to communicate effectively and engage with communities across the African continent. The Catholic Church operates 82,235 Catholic Schools in Africa, educating 30,629,476 pupils. Its extensive network of care includes 13,880 facilities such as hospitals, clinics, dispensaries, leprosy centres, homes for the elderly and chronically ill, centres for disabled people, orphanages, kindergartens, and marriage counselling centres. APO Group and SECAM, the governing body of the Roman Catholic Church in Africa, first entered into their partnership in May 2022 with the shared goal of enhancing media and public relations support for the Catholic Church in Africa. Not only did APO Group conceive the volunteer programme but it also assembled a team of elite, well-experienced African communications professionals. The professionalization of SECAM’s communications capabilities extends beyond standard capacity-building. This initiative includes the development and delivery of a strategic communications framework that aligns with SECAM’s core mission and long-term objectives. The effort also builds upon APO Group’s previous collaborations with the Church, which include the creation and roll-out of a comprehensive communications curriculum and tailored training programme for Catholic institutions across Africa. The volunteer communications team will focus on key priorities, such as:

    • Crafting and executing a long-term communications strategy for SECAM to strengthen the voice of the Roman Catholic Church and increase awareness of its work across Africa.
    • Enhancing media relations to amplify the Church’s presence.
    • Designing effective visibility tools to connect with diverse stakeholders across Africa and beyond.

    Several talented professionals have already joined the SECAM Communications Volunteer Programme, bringing a wealth of expertise and a shared commitment to advancing the Church’s mission across Africa. Among them are Catherine Njoroge (https://apo-opa.co/3HapeKg), Head of Marketing and Strategy, who plays a role in shaping long-term plans to strengthen the Church’s visibility; Nyarai Chapingidza (https://apo-opa.co/4myd1PT), Digital MarComm Manager, who drives efforts to boost SECAM’s online presence; Lucy Kimani (https://apo-opa.co/4mxTKhp), Director of Communications and Advocacy, who steers impactful storytelling and advocacy campaigns; and Eunice Chege (https://apo-opa.co/4dw97mi), Communications Advisor, who contributes her extensive experience in developing and implementing communication strategies. Additionally, professionals joining in the business support functions include Majina Mwasezi (https://apo-opa.co/45pvSq3), Project Coordinator; Pauline Lugalia (https://apo-opa.co/4mAchd2), Executive Assistant to the Head of the Catholic Church in Africa; and Anne Nasumba (https://apo-opa.co/3ZBRqMp), Marketing and Communications Coordinator. Rose Thuo (https://apo-opa.co/4dDCMu0), who joined the programme as Chief of Marketing and Communications, said: “We are witnessing a remarkable convergence of talent and purpose. Each volunteer brings something unique to the table, and together, we are building a communications foundation that will serve the African Catholic Church for years to come.” There is an urgent and immediate need for candidates with HR and recruitment, as well as Graphic Design and website management experience to join the Roman Catholic Church in Africa’s volunteer programme. Individuals with this expertise are encouraged to apply and support the Church’s mission by strengthening its operational capacity across the continent. Interested volunteers are encouraged to apply through the official link: https://apo-opa.co/4dTxLxL. “This pro bono initiative reflects APO Group’s commitment to supporting impactful organisations across Africa. Many high-impact organisations (including NGOs) in Africa face financial barriers to establishing strong communication systems. This should never impede their ability to be seen and heard,” said Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), Founder and Chairman of APO Group. “Through initiatives like this volunteer programme, we strive to bridge that gap—delivering professional support to elevate their messaging and outreach at the highest possible level.” “Africa is now the future of the Roman Catholic Church,” said Cardinal Fridolin Ambongo, the President of SECAM. “As our communities continue to grow, it becomes ever more important to amplify our voice and share our mission with the world. “We are grateful to APO Group for their support and expertise in making this vision a reality. Their role in designing and implementing this initiative has been invaluable. APO Group’s dedication to empowering impactful organisations aligns perfectly with our mission, and their contribution will undoubtedly leave a legacy in the Church’s journey toward greater visibility and engagement worldwide.” As part of its ongoing partnership with the Roman Catholic Church in Africa, APO Group has delivered a comprehensive range of support initiatives, including complimentary pan-African press release distribution and media monitoring, extensive online and in-person media training for over 22 communication professionals across the continent, and the provision of Zoom licences to Episcopal and Regional Episcopal Conferences. APO Group Founder and Chairman has personally led training sessions and held strategic meetings with Church dignitaries in several African countries to assess further areas of support. Furthermore, a volunteer programme launched in 2024 is now active, enhancing operational assistance for the Church throughout Africa. According to recent data from the Vatican, there are 1.39 billion Catholics worldwide, representing around 18% of the world’s population. Africa’s 236 million Catholics already make up about 20% of the global Catholic population, but they are also the fastest-growing region in the world. By 2050, the World Christian Database estimates that African Catholics will make up 32% of the global Catholic population. According to the United Nations’ 2022 State of the World’s Volunteerism Report, there are an estimated 862.4 million volunteers globally. Engaging in volunteerism offers individuals a unique opportunity to gain practical, hands-on experience, enhance their professional profiles, and develop valuable skills through impactful service. This is a joint press release from APO Group and the Symposium of Episcopal Conferences of Africa and Madagascar (SECAM). Distributed by APO Group on behalf of APO Group. Media contact: marie@apo-opa.com About APO Group: Founded in 2007, APO Group (www.APO-opa.com) is the leading award-winning pan-African communications consultancy and press release distribution service. Renowned for our deep-rooted African expertise and expansive global perspective, we specialise in elevating the reputation and brand equity of private and public organisations across Africa. As a trusted partner, our mission is to harness the power of media, crafting bespoke strategies that drive tangible, measurable impact both on the continent and globally. Our commitment to excellence and innovation has been recognised with multiple prestigious awards, including a Provoke Media Global SABRE Award and multiple Provoke Media Africa SABRE Awards. In 2023, we were named the Leading Public Relations Firm Africa and the Leading Pan-African Communications Consultancy Africa in the World Business Outlook Awards, and the Best Public Relations and Media Consultancy of the Year South Africa in 2024 in the same awards. In 2025, Brands Review Magazine acknowledged us as the Leading Communications Consultancy in Africa for the second consecutive year. They also named us the Best PR Agency and the Leading Press Release Distribution Platform in Africa in 2024. Additionally, in 2025, the Davos Communications Awards 2025 awarded us the Gold Award for Best PR Campaign and the Bronze Award for Special Event. APO Group’s esteemed clientele, which includes global giants such as Canon, Nestlé, Western Union, the UNDP, Network International, African Energy Chamber, Mercy Ships, Marriott, Africa’s Business Heroes, and Liquid Intelligent Technologies, reflects our unparalleled ability to navigate the complex African media landscape. With a multicultural team across Africa, we offer unmatched, truly pan-African insights, expertise, and reach across the continent. APO Group is dedicated to reshaping narratives about Africa, challenging stereotypes, and bringing inspiring African stories to global audiences, with our expertise in developing and supporting public relations campaigns worldwide uniquely positioning us to amplify brand messaging, enhance reputations, and connect effectively with target audiences. About the Symposium of Episcopal Conferences of Africa and Madagascar (SECAM): The Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) (www.SECAM.org) was born out of the decision of the African Bishops during the Second Vatican Council (1962-1965) to establish a forum in which they could speak with one voice on matters pertaining to the Church in Africa. The establishment of SECAM is therefore the result of the Bishops’ resolve to build a continental structure in order to bring forth the African vision to the whole Church. Seeing the importance of such an Association for Africa, the Congregation for the Evangelisation of the Peoples invited the Presidents of the Regional Episcopal Conferences for consultations in 1968. Consequently, the first visit of a Pope to Africa, in modern times, was seen as a very opportune occasion for the launch of the Symposium of Episcopal Conferences of Africa and Madagascar. This was therefore done during the visit of His Holiness Pope Paul VI in Kampala (Uganda) in July, 1969. Thereafter, it was agreed to establish the Headquarters / Secretariat of SECAM in Accra, Ghana. There are three official languages of SECAM, namely, English, French and Portuguese. SECAM functions through eight regional conferences, each made up of a cluster of national episcopal conferences.

    Text copied to clipboard.

    MIL OSI Africa

  • Indian stock market ends lower over profit booking

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets closed lower on Tuesday, as investors booked profits amid concerns over high valuations and weakness in global cues. The benchmark indices ended the session in the red, snapping recent gains.

    The BSE Sensex declined by 624.82 points, or 0.76 per cent, to settle at 81,551.63, while the NSE Nifty dropped 174.95 points, or 0.70 per cent, to close at 24,826.20.

    Selling pressure was visible across several key sectors, with FMCG, IT, auto, and metals leading the decline. The Nifty FMCG index fell by 0.88 per cent, Nifty IT by 0.75 per cent, Nifty Auto by 0.70 per cent, and Nifty Financial Services by 0.64 per cent.

    In contrast, midcap and smallcap stocks showed relative strength. The Nifty Midcap 100 rose 87.25 points (0.15%) to end at 57,154.50, while the Nifty Smallcap 100 gained 17.35 points (0.10%) to close at 17,725.15.

    Rupak De, Senior Technical Analyst at LKP Securities, said that Nifty has been in a consolidation phase for the past 10–11 days, reflecting investor indecision. “The overall trend remains positive as long as the index stays above its short-term moving average,” he said, adding that Nifty could move towards the 25,000–25,150 range, with support at 24,700.

    The trading session was marked by volatility, with sharp intraday swings on both sides. Sectoral performance remained mixed. While PSU banks and realty stocks showed strength, consumer goods, IT, auto, and financial services sectors witnessed weakness.

    Sundar Kewat of Ashika Institutional Equity noted that the day reflected a tug-of-war between bulls and bears. “It was a classic session of market indecision,” he said.

    Vinod Nair, Head of Research at Geojit Financial Services, observed that midcap and smallcap stocks were buoyed by strong Q4 earnings and a moderation in valuation premiums.

    On the currency front, the rupee traded with a slightly negative bias. Dilip Parmar, Research Analyst at HDFC Securities, said the USD-INR pair is expected to see upward movement in the near term due to month-end adjustments and demand from oil importers. Resistance is seen at 85.90, with support at 84.80.

    -IANS

  • MIL-OSI United Kingdom: Household Support Fund us available to support residents in Preston

    Source: City of Preston

    Preston City Council has secured additional funding through the Household Support Fund to continue supporting local residents, following its conclusion of the sixth round of funding in March 2025. This vital fund has been in place for several years to assist those most affected by the ongoing rise in living costs.

    Applications for the latest round will open Monday 27 May, and close on 31 March 2026 or until the funds have been exhausted.

    Councillor Peter Kelly, cabinet member of communities, social justice and night-time economy, said:

    “We’re delighted that we can continue this scheme and help those who need help and support to Preston residents. I would urge all eligible residents in need of help and assistance with energy and water bills, food and essential items to apply.”

    The Household Support Fund is designed to help the households in greatest need, particularly families with children, older residents and anyone facing hardship with essential living costs such as food, energy and water bills. Special consideration will be given to supporting low-income households with energy costs during this period.

    The Household Support Fund has helped keep the Food Banks/Hubs in Preston operating and has helped through each round of the scheme.

    The scheme can provide short-term assistance with essential living expenses, including food, utility bills, essential household appliances and more. Where larger items like fridges or washing machines are needed, these will be purchased through the fund and delivered directly to the applicant.

    In addition to direct support, as part of our preventative support, the scheme offers guidance and referrals to other local services, ensuring residents receive the assistance they may need including help with finances, debt, and welfare benefits to improve longer-term financial security.

    To apply, applicants must live within the Preston City Council area with only one application per household will be considered. The fund is open to anyone vulnerable or struggling to cover essential costs.

    It’s important to note you do not need to be receiving benefits to qualify for help through this fund — and any payments received will not affect existing benefits.

    For full details on how to apply and eligibility, see Household Support Fund.

    MIL OSI United Kingdom

  • MIL-OSI Europe: Irish Customs seize over 4000 illegally imported e-bikes in OLAF-led crackdown

    Source: European Anti-Fraud Offfice

    Press release no 14/2025
    PDF version

    On 20 May 2025 and over the following days, Irish customs authorities seized over 4000 electric bikes and a number of e-scooters worth €4,5 million illegally imported into the European Union during targeted searches at two warehouses. The operation followed coordinated efforts by the European Anti-Fraud Office (OLAF) to identify and disrupt fraudulent import schemes involving e-commerce warehouses across the EU. 

    The seizures form part of a wider action led by OLAF and supported by multiple EU Member States, targeting the unlawful import and sale of electric bikes and scooters. OLAF provided national authorities with evidence of fraud techniques used to avoid import duties, anti-dumping and countervailing duties, and VAT. Countervailing duties are a specific form of duty that the governments impose in order to protect domestic producers by countering the negative impact of import subsidies. 

    Methods observed by OLAF include false declarations of goods, unauthorised removal from customs transit procedures, and fabricated claims that goods had left the EU. Once inside the EU, the products were delivered to e-commerce warehouses and sold to consumers without proper VAT payments, giving the perpetrators an unfair competitive advantage. 

    OLAF plays a key role in disrupting these complex fraud networks. Thanks to the coordinated approach, Irish customs authorities were able to carry out their successful action. In this case, the estimated loss in unpaid import duties alone is €2.3 million. 

    OLAF Director-General Ville Itälä said: “This case highlights the value of close cooperation between OLAF and Member State authorities in protecting the EU’s financial interests, ensuring fair competition, and safeguarding the integrity of the single market. By working closely with Member States, OLAF helps ensure that those who try to exploit EU rules are identified and stopped. Together, we are making it clear that such abuse will not go unchecked.” 

    For more details, see the press release of the Irish Customs Authorities.

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    https://anti-fraud.ec.europa.eu
    LinkedIn: European Anti-Fraud Office (OLAF)
    Bluesky: euantifraud.bsky.social

    If you’re a journalist and you wish to receive our press releases in your inbox, please leave us your contact data.

    MIL OSI Europe News

  • Bharat, the Sutradhar

    Source: Government of India

    Source: Government of India (4)

    At the WAVES Summit earlier this month, the icons of an industry that once framed itself as the voice of India stood still for a moment, not on a set, not in a scene, but in real time. Khans and Kapoors, studio heads and screenwriters, streaming moguls and old-guard directors — all of them under one roof, hosted not by a production house, but by a government they had, not long ago, considered creatively toxic. The man whose rise to power had been declared the death of free speech in India was now sharing the stage with them, gently inviting creators to tell the story of Bharat to the world — and in doing so, nudging them to first listen to Bharat themselves.

    But WAVES is not the story. It is only the stage.

    The real story lies in what led up to this moment: a quiet, sometimes uncomfortable, but wholly inevitable civilisational shift. A rewriting of the grammar of Indian storytelling. For decades, a small coterie dictated what stories would be told about India — often from the vantage point of metro privilege, Western awards circuits, or elite anxieties. The India that reached our screens was often broken, mocked, exoticised, or aestheticised. The India of slums, scams, and spiritual contradictions. Tradition was treated as burden, faith as fanaticism, and the village as either comic relief or backwardness. For years, audiences were fed a single narrative: that they had no choice but to accept what was being offered — that they were too unsophisticated to expect more.

    But Bharat — patient, poetic Bharat — was listening. Watching. And then it chose.

    It began, as all awakenings do, not with fireworks, but with quiet exits. Audiences stopped showing up. The Friday buzz started fading. And then, the economy of choice — powered by the democratisation of platform thanks to social media — transformed the whole content consumption experience. Viewers discovered that they were no longer bound to whatever landed in the multiplex. They had access to stories that hadn’t passed through the old gatekeepers. Stories that didn’t need to beg for distribution or approval. Stories that simply spoke — in dialects they understood, with values they recognised, and emotions they had lived.

    Narrative Reimagining: From India to Bharat, there has been a change in the stories we tell, the heroes we celebrate, and the India we portray.

    The Stories We Tell. The Heroes We Celebrate. The India We Portray. In the last decade, something subtle yet seismic has shifted in Indian cinema. We are no longer merely telling stories about India. We are beginning to speak as Bharat.

    For too long, the global gaze shaped our storytelling — a cinematic self-consciousness that chased validation from Western film festivals or mimicked Western narrative forms. The India that appeared on screens abroad was either exotic and spiritual or broken and begging for sympathy — poverty porn, partition pain, or palace love stories.

    But today, there’s a slow, confident move from India-as-imagined-by-others to Bharat-as-felt-by-itself. We are witnessing a shift from victimhood to valour — where the once-forgotten warriors of our soil, from Rani Durgavati to Veer Savarkar, are being reclaimed as cinematic protagonists.

    There is a visible shift –
    From metro gaze to mandir towns, where stories now unfold in Ayodhya, Kashi, Bastar, and Bhuj, without apology.
    From mimicry to myth-making, where homegrown philosophies, epics, and aesthetics are stepping forward as source material, not backdrop.

    Cinema is slowly catching up — from mytho-scientific films to historical epics, from women-led entrepreneurship stories to narratives anchored in Kashi, Kedarnath, and Kanyakumari. This is not nostalgia. It is civilisational reclaim. And through cinema — our most powerful export — we are reimagining ourselves and inviting the world to see a new Bharat: rooted, radiant, and ready.

    We stopped exporting sympathy. We started inviting the world to witness a civilisation coming into consciousness — not as a wounded past, but as a living, luminous future. Shrinking the colonial-leftist gaze that showcased India as land of suffering, spiritual detachment, and economic decay, we have slowly and steadily decided to chose civilisational pride over postcolonial pity, and replace cinematic self-pity with cinematic self-respect.

    We have now begun to see ourselves not as a country waiting to be explained, but as a civilisation finally choosing how to be shown.

    And that is how and why the old guard began to flounder. The industry that had once dictated taste — with its boy-meets-girl montages and designer depression — has found itself gasping. Friday releases have dried up. Cinemas play reruns. Star-studded films have crashed at the box office. Bollywood, as we knew it, is experiencing an identity crisis. And which is why the presence of erstwhile ‘Lords’ of the industry at the recently concluded WAVES summit in Mumbai is a story in itself.

    In 2015, Aamir Khan remarked that his wife no longer felt safe in India — a moment that revealed not just his personal fears, but a deeper cultural disconnect. It wasn’t just about intolerance. It was about entitlement. The idea that cultural authority could be claimed, not earned.

    Fast forward to WAVES 2025, and Aamir is back on stage — praising government support, urging for theatres in every corner of India. Not because he changed. But because Bharat did. And he knows it.

    The stars are no longer in the sky. They are on the ground. Because their castles have crashed. They now stand at the shore, waiting — not just for a comeback, but for newer waves. Pun very much intended.

    WAVES 2025, in that sense, wasn’t just a summit. It was a reckoning. The very actors, studios, and production houses that once scoffed at tradition were now attending a government-backed cultural platform with folded hands. And the irony was not lost on anyone. But this wasn’t revenge. It was realignment.

    Prime Minister Modi’s address didn’t speak of censorship or surveillance. He spoke of story. He invoked the Natyashastra. He reminded us that even our gods sing and dance. He urged creators to dream big, to tell the one billion untold stories of Bharat to the world.

    No diktats. Just direction. A gentle, civilisational nudge. Because Bharat, long silenced, is now narrating. It is no longer the subject of someone else’s script. It is the sutradhar — the narrator, the conscience, the cultural compass. It is not waiting to be validated. It is speaking in its own rhythm, its own language, its own light.

    The world doesn’t need a rebranded India. It needs to meet Bharat — as it has always been, and as it is now willing to show itself. The script is being rewritten, many many frames at a time.

     

    (Harsha Bhat is a versatile writer, journalist, and content strategist with over a decade of experience in storytelling, editing, and campaign curation. Currently working as a freelance writer and content strategist, Harsha has a proven track record of delivering impactful content for diverse platforms, including political campaigns, cultural heritage initiatives, and reputed publications like Swarajya Magazine and South First. Her editorial expertise spans conceptualizing special editions, managing newsroom operations, and mentoring aspiring writers. Notable accomplishments include spearheading acclaimed editorial campaigns like the Kashi and Ayodhya urban rejuvenation stories and publishing the transformative biography From Manjunath to Manjamma (HarperCollins, 2023).

    She holds M.A. in Linguistics from University of Mumbai and a graduate in Journalism (BMM) from St. Xavier’s College, Harsha blends creativity with analytical depth to craft compelling narratives. Beyond writing, Harsha is a sought-after speaker and panelist at literary events and a passionate advocate for linguistic and cultural diversity. As a skilled journalist and cultural chronicler, Harsha’s work delves into heritage, politics, and community-driven stories. Harsha Bhat continues to inspire through stories that bridge tradition and modernity, championing meaningful narratives that leave a lasting impact.)

  • MIL-OSI China: China ready to expand economic, trade cooperation with Cambodia

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

    Chinese Premier Li Qiang said Tuesday that China is ready to work with Cambodia to promote trade and investment liberalization and facilitation, so as to further expand economic and trade cooperation.

    Li made the remarks in his meeting with Cambodian Prime Minister Hun Manet on the sidelines of the ASEAN (the Association of Southeast Asian Nations)-China-GCC (the Gulf Cooperation Council) Summit.

    Li said that Chinese President Xi Jinping has lately paid a historic visit to Cambodia, during which both sides jointly announced the building of an all-weather China-Cambodia community with a shared future in the new era.

    China-Cambodia relations have once again taken the lead in building a community with a shared future for mankind, and the ironclad friendship between the two countries has been further deepened, he added.

    China stands ready to work with Cambodia to follow through on the outcomes of Xi’s visit, strengthen high-level exchanges, deepen political mutual trust, make good use of the China-Cambodia Intergovernmental Coordination Committee, and steadily advance practical cooperation across various fields, Li said.

    The Chinese premier called on China and Cambodia to respond to external uncertainties with the certainty of building a China-Cambodia community with a shared future, jointly promote their economic development and safeguard their common interests.

    China is willing to work with Cambodia to accelerate the synergy between high-quality Belt and Road cooperation and Cambodia’s Pentagonal Strategy, speed up the implementation of the cooperation plans for the Industrial Development Corridor and the Fish and Rice Corridor, and create more new highlights of cooperation and foster new areas for growth, Li noted.

    Encouraging more Chinese enterprises to invest in Cambodia, China is willing to strengthen cooperation with Cambodia in such areas as infrastructure, digital economy, advanced manufacturing and clean energy, he said.

    China and Cambodia have achieved positive results in recent joint efforts to combat cross-border crimes, Li said, calling for stronger and more effective measures to safeguard the safety and security of the two peoples.

    At present, the international situation is becoming more turbulent and chaotic, Li noted.

    China is willing to work with Cambodia and other countries in the region to strengthen solidarity and cooperation, jointly oppose unilateralism and power politics, safeguard international fairness and justice, uphold the multilateral trading system and maintain the stable and smooth flow of industrial and supply chains, so as to inject more positive energy into world peace, stability, prosperity and development, he said. 

    MIL OSI China News

  • MIL-OSI: Toobit Climbs New Heights in Partnership with Elite Climber Chris Sharma

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 27, 2025 (GLOBE NEWSWIRE) — Award-winning digital asset trading platform Toobit today announces its collaboration with world-renowned climber and sport climbing pioneer Chris Sharma, who joins as the company’s official brand ambassador. The collaboration brings together one of the most respected figures in climbing with a platform known for its precision, innovation, and ambition.

    From scaling near-impossible limestone cliffs to charting new climbing routes around the world, Sharma is known for relentlessly pushing the limits of what’s possible—an ethos Toobit sees reflected in high-performance trading. His journey, built on discipline, sharp decision-making, and a deep passion for his craft, mirrors the core principles of strategic crypto trading: calculated risk, timing, and mastery built through consistency.

    “When you’re 60 feet off the ground with nothing but your decisions and your preparation holding you there, there’s no room for hesitation,” Sharma said. “Climbing is about trust: trusting your gear, your team, yourself. Crypto isn’t so different. You need a solid foundation, and Toobit gets that. ”

    The partnership highlights the shared mindset between elite climbing and strategic trading, where success hinges on careful preparation, bold vision, and trust in your tools. Sharma will soon feature in Toobit’s global campaigns and community initiatives, including the cryptoasset exchange’s flagship trading competition and upcoming product launches.

    “We are thrilled to welcome Chris Sharma to Toobit,” said Mike Williams, Chief Communication Officer at Toobit. “His career reflects the same passion, precision, and calculated drive that we build into our platform. Whether on the rock or in the market, successful performance comes from preparation, instinct, and risk with purpose.”

    This announcement follows Toobit’s continued global expansion and rollout of new features including Earn, Convert, and Gift, as well as a collaboration with NovaMeme offering decentralized finance options. Each initiative is designed to support traders of every level with the tools they need to succeed.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68af9f04-7d38-442d-8e34-5a9bd2c930f4

    The MIL Network

  • MIL-OSI Economics: Financial regulation and growth: what should be the European policy priorities?

    Source: Bank for International Settlements

    There is no compelling evidence that tighter prudential regulations after the Great Financial Crisis have had a disproportionate impact on banks’ lending capacity or the macroeconomy. However, there is scope to improve certain aspects of the current framework. In particular, authorities could consider simplifying some requirements and rebalancing the combination of across-the-board regulations and tailored supervisory actions in favour of the latter. There is also a clear public policy case to strengthen the regulation of non-bank providers of financial services by introducing adequate entity-specific requirements.

    In Europe, it would be worthwhile to explore the extent to which the complexity of the institutional framework for banking regulation could impose excessive compliance costs on European banks. However, the main policy priority for fostering the efficiency and profitability of the industry remains promoting an integrated banking system. This requires removing political obstacles for cross-border consolidation and taking more decisive steps to complete the banking union.

    MIL OSI Economics

  • MIL-OSI: OwlTing Group Unveils AI-Powered OwlPay® Harbor™ for Stablecoin On/Off-Ramping

    Source: GlobeNewswire (MIL-OSI)

    ARLINGTON, Va., May 27, 2025 (GLOBE NEWSWIRE) — OwlTing Group (the “Company”), a global blockchain fintech company, today announced an integration of AI features into its payment API infrastructure, OwlPay® Harbor™ (the “Platform”). This AI-driven technical support feature helps developers accelerate onboarding the Company’s API, which aims to provide secure on/off-ramping services to send, receive, and hold funds in U.S. dollars and USDC1 stablecoin for global payouts across over 100 countries2. With competitive fees and robust regulatory compliance coverage across over 30 U.S. states3, OwlPay® Harbor™ offers a trusted and scalable solution for businesses worldwide.

    The newly adapted Model Context Protocol (MCP)4 tool, similar to a “USB-C port for AI models,” provides a unified approach for AI to get the real-time context with smarter responses, interacting with a human developer. This AI feature simplifies the process to integrate the Company’s API, lowers the onboarding time and maintenance efforts, and more importantly, allows developers to leverage their existing AI models without sharing sensitive data with external systems.

    Global businesses such as banks, digital wallets, DeFi companies, or fintech providers that are seeking embedded crypto-to-fiat conversions will be able to offer their customers a seamless payment experience with their own products or platforms behind the scenes.

    “We’re excited to bring AI to our flagship payment platform,” said Darren Wang, Founder and CEO at OwlTing Group. “With our wide compliance footprint, AI-driven support, and flexible service models, OwlPay® Harbor™ offers global companies the legitimacy and efficiency of payments in the U.S. and beyond borders.”

    OwlPay® Harbor™ provides enterprise-ready APIs for USD–USDC conversions via Wire and ACH transfers, with cross-chain compatibility for supported transactions across Stellar, Ethereum, Polygon, Arbitrum, Optimism, and Avalanche blockchains. It will also support Solana in the future. As a Stellar Anchor, it brings businesses an easier integration using SEP-24 (deposit/ withdrawal)5 and SEP-10 (authentication)6 protocols to the Stellar network.

    The platform offers extensive global reach and budget-friendly pricing tailored for all kinds of businesses. Holding over 30 Money Transmitter Licenses (MTLs) or their equivalent, adhering to strict KYC/AML standards, and securing ISO 27001 certification for its payment solution, OwlPay® Harbor™ stands ready to deliver with trust and reliability for global operations.

    Photo Caption: OwlPay® has obtained the ISO 27001 certification, underscoring its commitment to minimizing cyber risks and safeguarding users’ data.

    OwlPay® Harbor™ now offers two flexible service models:

    Partnership Model:

    • Designed for platforms like marketplaces or payment processors that collect funds from users for global payouts. Approved platforms manage funds and pay OwlPay® directly.
    • Supports USD payouts in supported regions globally. It also supports local payouts in 10 currencies: EUR (via SEPA), CAD, GBP, JPY, SGD, HKD, ZAR, AED, MXN, and BRL.
    • Use Case: An e-commerce platform collects USD from customers, converts it to USDC via OwlPay®, and pays retailers or freelancers in the Americas, hedging the currency fluctuations.

    End User Model:

    • Designed for other platforms wishing to avoid handling funds directly, with end users paying OwlPay® directly for implementing USD-USDC conversions.
    • Supports USD payouts in supported regions globally.
    • Use Case: An U.S. app allows users to buy USDC with USD via OwlPay® behind their own user interface, while its customers would enjoy an integrated customer journey.

    The stablecoin market has soared to a record $240 billion7 and is projected to reach $2 trillion by 20288. As demands for efficient digital payments surge, businesses integrating with the platform that combines seamless AI-driven APIs, regulatory compliance, and cross-chain compatibility for supported blockchains are positioned to be at the forefront of this thriving economy.

    OwlTing continues expanding its regulatory coverage and aims to obtain MTLs in all U.S. states as applicable, along with ongoing license applications in global markets such as Japan and the EU. The company will deploy AI tools across its OwlPay® product suites to enhance efficiency and user experience, strengthening its global leadership in stablecoin payments.

    About OwlTing Group
    Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has subsidiaries in the U.S., Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as “the Leading 3 Emerging Giants in Taiwan.” With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit https://www.owlting.com/portal/?lang=en.

    Media Contact
    PR Office at OwlTing Group
    pr_office@owlting.com

    1 USDC is an internet-native, fully-reserved, regulated digital dollar that leverages blockchain networks to enable businesses, developers, and individuals to conduct near-real-time, low-cost global transactions. It is a leading, fully-reserved global stablecoin issued through Circle’s regulated affiliates. To learn more about using or accessing USDC, visit USDC.com. To learn more about Circle’s regulatory authorizations, visit Circle’s Licenses page https://www.circle.com/legal/licenses
    2 Availability may vary by jurisdiction and is subject to change. Please refer to the most current service documentation or contact support for the latest coverage.
    3 Availability may vary by jurisdiction and is subject to change. As of May 2025, OwlTing Group has obtained MTL licenses or their equivalent in over 30 U.S. states and is in the process of applying for relevant legal trading licenses in other U.S. states. For a list of U.S. licenses obtained, please see https://www.owlting.com/owlpay/licenses?lang=en. Please refer to the most current service documentation or contact support for the latest coverage.
    4 Model Context Protocol (MCP) is the open standard released by Anthropic, it’s a communication protocol that enables AI agents to interpret, respond to, and take action based on structured context within API workflows. By minimizing data exposure, MCP supports personalized interactions while preserving user privacy, and reduces hallucinations by grounding AI responses in verifiable external data. For more information, please see https://modelcontextprotocol.io/introduction
    5 SEP-24 is the standardized protocol for hosted deposits and withdrawals on Stellar’s ecosystem. With OwlPay® HarborTM, businesses can make their on/off-ramping services available as an in-app experience through Stellar-based applications such as wallets and exchanges, extending their reach and connecting with users through the applications they already use.
    6 SEP-10 is the authentication protocol of Stellar. This is used to verify the user’s KYC information.
    7 According to DeFiLlalma, the data aggregator for DeFi, the total stablecoin market cap is $242 billions as of May 2025.
    8 According to a Standard Chartered Bank report, titled “Stablecoins, USD Hegemony, and UST Bills” published in April 2025.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c6bcf23b-ff93-4137-a40e-74e21baebe22

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7d98cda1-6f72-4048-9a0c-1738bc76a2bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/426a725d-5e74-4993-9f96-c4a1f8e4454d

    The MIL Network

  • MIL-OSI: Live Coin Watch Exclusive: Bitcoin Solaris Announces Phase 5 Presale Ahead of Nova App Mining Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 27, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris, the next-generation decentralized blockchain built for mobile-first mining, has officially entered Presale Phase 5, pricing BTC-S tokens at 5 USDT. This announcement comes just ahead of the beginning of a selected group testing of Nova App Beta, a breakthrough mobile mining platform designed to allow users to earn tokens directly from their smartphones.

    Bitcoin Solaris is offering a fixed supply of 21 million tokens, with only 20% (4.2 million tokens) allocated to the entire presale. With no inflationary mechanics, the tokenomics are designed to reward early participation through a capped supply and verifiable, transparent distribution.

    Nova App: Mobile Mining for Everyone

    Scheduled to launch soon, the Nova App enables users to earn BTC-S by contributing idle storage and processing power on their smartphones. With no technical knowledge or staking required, the app automatically rewards users based on uptime and minimal hardware contribution—democratizing access to on-chain earnings and transforming smartphones into passive income nodes.

    High-Speed Infrastructure Designed for Scale

    Built on a dual-layer blockchain, Bitcoin Solaris supports 10,000+ TPS and delivers 2-second finality through its combination of Proof-of-Stake (PoS), Proof-of-Capacity (PoC), Proof-of-History (PoH), and Proof-of-Time (PoT). This scalable architecture ensures that mobile miners worldwide can participate without congestion, latency, or centralization risks.

    Fully Audited and Verified

    Bitcoin Solaris has completed multiple independent security audits. Cyberscope verified its smart contract code and emission logic, while Freshcoins audited its mobile mining performance. Full KYC verification adds a layer of governance transparency uncommon in early-stage blockchain projects.

    Strategic Entry Point Remains Open — But Not for Long

    Bitcoin Solaris is currently in Presale Phase 5, with BTC-S priced at 5 USDT. The token is projected to launch at 20 USDT, offering early buyers a potential 4X return. Of the total 21 million BTC-S supply, 4.2 million (20%) are allocated to the entire presale. There is no inflationary mechanism — once distributed, no additional tokens will be created.

    Presale participants not only secure tokens at a fixed price but gain early access to Nova App mining before user growth increases difficulty and dilutes returns. It’s a defined moment — structurally similar to Bitcoin under $100 — where participation is low, supply is accessible, and upside is still untapped.

    In a recent feature, Crypto Volt outlined how Bitcoin Solaris’s presale structure, mobile mining model, and supply cap recreate the early mechanics of Bitcoin itself. His breakdown shows why BTC-S is one of the few projects positioned to deliver protocol-scale wealth to individual users — not just funds and insiders.

    Presale Access:
    https://bitcoinsolaris.com

    Follow Bitcoin Solaris:

    X (Twitter): https://x.com/BitcoinSolaris
    Telegram: https://t.me/Bitcoinsolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com
    Email: press@bitcoinsolaris.com

    Press Kit: [Available Upon Request]

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f3d92a04-bda3-46a5-8dc5-1da8a7560224

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d41349a6-2964-4db3-9bd2-fb6db1cf878f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7c9590f8-f573-427d-99c5-d7e355c0453c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e550c186-89f4-4f88-8c03-ec213e09e3c1

    The MIL Network

  • MIL-OSI Africa: South Africa’s Independent Power Producers (IPP) Office backs Youth Energy Summit

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

    CAPE TOWN, South Africa, May 27, 2025/APO Group/ —

    We are proud to welcome the Independent Power Producers Office (IPP) as the overall Summit Sponsor of the 2025 Youth Energy Summit (YES!). The event, happening from 18-20 June in Cape Town, will unite more than 3,000 graduates, emerging professionals, and young entrepreneurs in tackling Africa’s most pressing 21st-century energy challenges.

    For a full programme and to join the debate, visit: https://apo-opa.co/4jkJTZq

    With more than 50% of Africa still lacking access to electricity, and a vast untapped potential in renewable energy, the continent has the opportunity to create up to 100 million green jobs by 2050. But how can we meet this demand? How do we bridge the skills gap? And how can youth voices be integrated into energy decision-making at the highest levels? These are just a few of the critical questions that will be explored at YES!, the world’s largest gathering of youth in the energy sector.

    Enabling South Africa’s energy sector through youth and community development has always been at the heart of the IPP office’s activities. This investment into Africa’s youth is testament to the importance the IPP Office places on youth and community engagement throughout the deals and work they are tasked to do by the government.

    Joining the IPP Office to open the Youth Energy Summit on Wednesday 18th June will be Andry Rajoelina, the President of Madagascar, African Development Bank nominee for President, Amadou Hott, and African Union Commissioner for Energy and Infrastructure, His Excellency Lerato D. Mataboge.

    Dzunani Makgopa, IPP’s chief financial officer, says: “Renewable energy is the way to go, not just nationally, but globally. YES! is a great platform to introduce young professionals to the sector. This is the place to be, and we need to empower a lot of youth to the opportunities that exist within the energy sector.’

    Simon Gosling, EnergyNet Managing Director, adds: “It’s an exciting time for young people looking to take a more productive role in energy. The IPP Office puts community engagement and job creation at the heart of its mission. This commitment to sponsor the Youth Energy Summit is an extension of its policies and aims to expose thousands of young people to the many vast and varied opportunities within the South African IPP and energy universe.”

    Established in 2023, YES! is dedicated to empowering African youth and institutions by providing resources, training, and networking opportunities within the energy sector. The summit brings together thousands of entrepreneurs, early-career professionals, educators, and students from across the continent. With the goal of building a network of 100 million young energy leaders by 2035, YES! is accelerating the transition to a sustainable energy future.

    This year’s summit will feature dynamic sessions on energy careers, skill development, and opportunities within the sector, as well as insights from recruiters, energy entrepreneurs, and industry experts. YES! also partners with top academic institutions, including the University of Cape Town, the University of the Western Cape, Eduvos, Kenyatta University, and Harambee.

    QUOTES

    “DBSA’s mission is to build Africa’s prosperity, and we’re delighted to be working with YES! to help ensure the Youth take part in and benefit from the Energy Transition. Empowering the next generation is one of the most valuable actions anyone can take.”

    Foundation sponsor Development Bank of Southern Africa (DBSA)

    “The Youth Energy Summit is more than a gathering – it’s a movement. Africa has the youngest population in the world, and the youth is our greatest asset in the drive towards a more sustainable, inclusive energy future.”

    Anél Bosman, Group Managing Executive, Nedbank CIB

    “Siemens Energy is at the YES Summit because we believe the bold dreams of the next generation of energy leaders can ignite a global energy revolution with real-world impact.”

    Neveen Hussein, Sustainability Leader, Middle East & Africa | Siemens Energy

    “At Pele Energy Group, we believe the true power behind the energy transition isn’t just in technology or infrastructure – it’s in people. That’s why partnering with YES! felt like more than a decision; it felt like a calling.

    Melissa Wilkinson, Chief People Person, Pele Energy Group

    “I said yes to the YES! Summit, not because of panels or speeches, but because it calls for ownership. The future of this country will not be built by someone else. It’s us, the youth, who must roll up our sleeves, lean into the discomfort, and change South Africa ourselves.”

    Layton Nenzinane, Chief Financial Officer, Seriti Green

    “EWSETA says YES to YES! because the Summit aligns with our strategic mandate to empower youth, graduates, and entrepreneurs with future-focused skills for the energy and water sectors. It offers a powerful platform to amplify our training programmes, bursaries, and impact on over 4,000 young professionals across Africa.”

    The Energy and Water Sector Education Training Authority (EWSETA)

    MIL OSI Africa

  • INDIA’S SANITATION REVOLUTION

    Source: Government of India

    Source: Government of India (4)

    Sitting beneath a neem tree, right outside his house in Dhamnar village of Madhya Pradesh, Lakhan Singh (age – 35) told me about one of his happiest memories – the birth of his son Sachin in September of 2014. However, a little further into this conversation, Lakhan’s smile quickly gave way to a tense expression. This change in mood was triggered by his memories of his son experiencing frequent cases of diarrhoea since he started walking in early 2016. He recounted days when both he and his wife used to make rounds to the local hospital. The first few instances of illness were handled by the family without any major distress. However, when they realised that these cases were repeating frequently, that was when they started to get worried. According to Lakhan, during the monsoon season of 2016, his son suffered five episodes of diarrhoea within a span of two and a half months. This prompted Lakhan to go to a doctor, begging for answers. The answer that the doctor gave Lakhan is still crystal clear in his mind even after several years. The doctor, from the conversation with the family, suspected that Sachin’s frequent episodes of diarrhoea might have primarily been caused by his coming into contact with faecal matter during their visits to a local field for defecation. However, the solution to this problem, according to the doctor, was simple – construction of a toilet in his house. However, being a daily wage earner and the sole breadwinner of his family, Lakhan did not possess the financial means to construct a toilet all by himself. He was, however, advised by his neighbour to reach out to his gram Pradhan to recommend his name for financial incentives for the construction of a toilet in his house. Once his application was filed, within 2 weeks Lakhan received a sum of ₹12,000 in his bank account.  With joy once again in his voice, Lakhan said that he vividly remembers 17th November 2016, the day when the construction of the toilet in his house was finally completed. The biggest beneficiary in this case has been Sachin, who has never experienced such frequent cases of diarrhoea since.

    The story of Sachin is one of hope. However, lakhs of children were not as fortunate as him. Until recently, millions of Indian children were at daily risk from diseases caused by poor sanitation. Until recently majority of the households in our villages did not have personal toilets. This meant people engaged in open defecation which resulted in outbreaks of diarrhoea due to a direct exposure of faecal matter or indirect exposure from contamination of soil and water. Frequent cases of diarrhoea also led to chronic malnutrition in many cases, a fact highlighted in the data from NFHS – 4 (2015-16) which suggested that roughly 38% of children under-fives were stunted in part due to poor sanitation and infections[1]. A grimmer reality according to UNICEF was that nearly 1,00,000 children under five died each year in India from diarrhoea caused by unsafe water and improper sanitation[2]. Sachin was fortunate to be born at a time where India was making major progress towards becoming open-defecation-free, sparing him from these hazards. In fact, studies show that India’s sanitation revolution has already saved countless young lives.

    Swachh Bharat Mission – Origins and Nationwide Rollout 

    The inception of this revolution can be linked to 2nd October 2014, when Prime Minister Narendra Modi initiated the Swachh Bharat Mission (SBM) aiming for an open-defecation-free (ODF) India by 2019. He not only encouraged the public to view sanitation as a national responsibility but also demonstrated this by using a broom in public and calling on citizens in speeches to participate in a “Jan Andolan” for hygiene. The SBM adopted a two-pronged strategy for improving the state of sanitation. On the demand front, it launched extensive awareness initiatives – ranging from school events to television commercials – to encourage changes in behaviour. Officials and volunteers (called as Swachhagrahis) visited homes, raising awareness among villagers about toilet usage, cleanliness, and the health dangers associated with open defecation. From the supply side, the government provided financial aid of ₹12,000 to ensure that even the most impoverished families could construct a toilet. This blend of community-based learning and financial motivation demonstrated significant strength. Residents who previously accepted open defecation as normal started requesting toilets. Further, an innovative use of technology in the provision to track applications by an individual on an online portal or mobile app, transfer of funds for toilet construction using DBTs and verifying the status of toilet construction using geo-tagged images, ensured that the mission remained effective and efficient hence, avoiding the failure of the previous sanitation programs.   

    During the duration of Phase I of SBM (2014-2019), India underwent an unparalleled transformation. Over 100 million toilets for rural households were constructed nationwide, with women and children frequently, taking the lead in the inauguration events for their new latrines. Rural sanitation access surged from about 40% of households in 2014 to near universal coverage by 2019. The Swachh Bharat Mission’s success owed much to political will – with Prime Minister Modi’s constant encouragement – and its blending of patriotism, community pride, and practical support with sanitation.

    Broader Benefits: From Health Gains to Women’s Safety 

    The impact of the Swachh Bharat Mission extends far beyond the convenience of having a toilet. First and foremost, by eliminating open defecation has meant far fewer harmful germs in the environment leading to a sharp decline in occurrences of diseases like cholera, typhoid, and diarrhoea. By 2019, the World Health Organization estimated that improved sanitation under SBM had averted over 300,000 deaths (especially from diarrheal illness and malnutrition) compared to the baseline scenario[3]. Community health workers report seeing far fewer cases of children wracked by dehydration from diarrhoea, and hospitals note declines in water-borne disease outbreaks during monsoon season. Childhood nutrition has improved as well – with kids falling sick less often, they can absorb nutrients better. India’s child stunting rates, while still high, have been dropping faster in areas that eliminated open defecation. In economic terms, sanitation is paying dividends for rural families and the nation. When illnesses decrease, households save on medical bills and parents miss fewer work days. A UNICEF analysis found that a typical family in an ODF (open defecation free) village saved about ₹50,000 per year in health costs and productivity, thanks to better sanitation[4]. This is a huge relief for poor families – money that might otherwise be spent treating recurrent diarrhoea or lost due to sick days can now go towards food, education, and improving livelihoods. Further, the study also highlights that every rupee invested in building toilets is yielding over four rupees in social and economic benefits – a remarkable 430% return on investment according to one independent cost-benefit study.

    Perhaps the most profound change has been brought in the lives of our women and girls. For decades, the lack of a household toilet meant that women had to wait until darkness (either before sunrise or after sunset) to relieve themselves in fields or behind bushes. This was not only uncomfortable and unhealthy, but also dangerous. Countless women often faced embarrassment, harassment and even threats of sexual assault when they went out to defecate in the open. The Swachh Bharat Mission has brought a massive improvement in this aspect of daily life. With nearly every home now equipped with a latrine, women can use a toilet with privacy and security. A survey by the government found that 93% of women reported feeling safer after getting a toilet at home[5]. No longer must they trek to isolated areas late at night, or fear for their safety and dignity while attending to a basic bodily need. Privacy has improved as well – teenage girls, for instance, no longer dread the lack of sanitation during menstruation, and older women speak of a newfound sense of self-respect. Apart from safety, having a toilet has indirect benefits for women’s empowerment: it reduces school absenteeism among girls (who previously might avoid school if no toilets were available). All these changes translate into greater dignity and quality of life.

    The Swachh Bharat Mission – Grameen has been much more than a construction spree; it has been a transformative public health campaign and a social revolution. It has saved lives by the lakhs, cut medical expenses, and improved children’s growth and development. It has given rural women a sense of security and pride that was long denied to them. By coupling data-driven strategy with a people-powered movement, SBM managed to achieve what many once thought impossible – eliminate open defecation across most of rural India – and in doing so, unlocked a cascade of benefits for health, economic development, and human dignity. What began as one leader’s vision quickly became a nationwide celebration of cleanliness. India’s villages are cleaner, safer, and healthier today, and future generations like young Sachin are reaping the rewards of this cleanliness revolution.

     

    (Ishan Singh is a dedicated public policy professional with hands-on experience in urban governance, policy analysis, and stakeholder mapping. He has worked as a research associate at Tata Institute of Social Sciences (TISS), Hyderabad, and led the “Making of a Cyberabad” project, examining urban growth dynamics by mapping stakeholder linkages, analyzing land-use changes through satellite imagery, and studying institutional frameworks driving urban development.

    Ishan Singh holds an M.A. in Public Policy and Governance from TISS. He completed his undergraduate studies in Economics, Political Science, and Sociology at St. Joseph’s College, Bangalore. With his robust academic background, Ishan contributed to analyzing Delhi’s budget, designing surveys, and leading comprehensive data collection across households while working at the National Institute of Urban Affairs. During his internship at the Public Policy and Good Governance Lab in Jalandhar, he developed actionable reports on MGNREGA policy reforms, optimizing District Mineral Funds, and improving vaccination coverage for persons with disabilities. Ishan has co-authored research on NFHS-5 health indicators and digital democracy during COVID-19. Proficient in policy research qualitative and quantitative analysis. He is passionate about inclusive cities, social equity, regulatory frameworks, and climate change.)

  • MIL-OSI Russia: Exclusive: ASEAN, GCC, China cooperation to benefit global trade and investment: Malaysian expert

    Translation. Region: Russian Federal

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

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

    KUALA LUMPUR, May 27 (Xinhua) — Amid the rise of protectionism and unilateralism, closer cooperation between China and the Association of Southeast Asian Nations (ASEAN) and Gulf Cooperation Council (GCC) countries will boost global trade and investment, Bunn Nagara, director and senior fellow at the Belt and Road Initiative Conference for Asia-Pacific, an independent think tank based in the Malaysian capital, told Xinhua on Saturday.

    “China, as well as ASEAN and GCC countries, share common development aspirations and face the same global challenges. So it makes sense for us to work more closely than before in many sectors,” the expert noted.

    Energy, food security and supply chain resilience offer the greatest potential for trilateral cooperation, according to Nagara, who said the GCC is a leader in oil and gas, China in renewable energy and electric vehicles, and ASEAN is a key consumer market and manufacturing hub.

    “Strengthening resilience can be achieved by starting to work together more closely and then addressing any challenges along the way,” the source said. “An open approach is important, receptive to new areas and ways of working together, while remaining sensitive to the needs of other partners,” the expert noted.

    B. Nagara views the Belt and Road Initiative as a key mechanism for developing trilateral cooperation. “The Belt and Road is a large-scale project covering many related areas, including the digital economy and green transition,” he said.

    The Belt and Road Initiative is closely linked to the three parties’ shared interests in sustainable growth, providing fertile ground for interaction among ASEAN, the GCC and China.

    Against the backdrop of strong barriers to global trade from protectionism and unilateralism, ASEAN-GCC-China cooperation serves as a model for the Global South, says B. Nagara. “China and the ASEAN and GCC states are also countries of the Global South, not just Asia,” he noted. The interaction between them can stimulate similar initiatives among African and Latin American countries that share common aspirations, the expert is sure.

    “What we do is to protect our legitimate development interests, not to threaten other countries or regions. We prefer non-confrontation because it is the best way to ensure mutual benefit,” the agency’s source said.

    “Part of our interest is to protect global trade, on which our national development programs depend. This will also benefit other countries and regions around the world,” Nagara said. “We should now look forward to several more decades of development, underpinned by complementarity,” he concluded. –0–

    MIL OSI Russia News

  • MIL-OSI Economics: Identity fraud: BaFin warns consumers about the website goldingdigital.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website goldingdigital.com. BaFin suspects the unknown operators of the website of offering consumers financial and investment services without the required authorisation. Contrary to the claims on the website, the services offered do not originate from Golding Capital Partners GmbH, which has its registered office in Munich. This is a case of identity fraud.

    BaFin is issuing this information on the basis of section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Economics