NewzIntel.com

Category: Economy

  • MIL-OSI: Report on the unaudited financial performance of the bank during the first quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

    Urbo bankas UAB, company code 112027077, address: Konstitucijos pr.18B, Vilnius.

    Urbo Bankas earned a net profit of EUR 1.2 million in the first quarter of 2025.

    At the end of the first quarter of this year, the loan portfolio of Urbo Bankas reached EUR 438.9 million, an increase of 34.7% compared to a year ago. The bank’s net interest income increased by 7.3% to EUR 5.8 million. Deposit volumes grew by 17.9% over the same period to EUR 576.4 million.

    “The favourable economic situation – low inflation, a steadily declining Euribor interest rate and still positive business and consumer expectations – has also led to an increase in borrowing volumes. The growth trends in consumer and mortgage lending in the retail segment continue to be stable, while the number of investment projects carried out by farmers and small and medium-sized enterprises is also growing consistently,” says Marius Arlauskas, Head of Administration of Urbo Bankas.

    According to him, the lower profit was due to the varying dynamics of interest income and expenses, increased investments in the development of electronic payment systems and new premises in some of the bank’s branches, as well as a decline in the volume of non-core activities.

    In the first quarter of 2025, the bank’s net fee and commission income decreased by 22.2% to EUR 0.7 million compared to the same period last year. Net profit on foreign currency transactions decreased by EUR 100 thousand to EUR 0.4 million in the comparable period due to the contraction of the foreign exchange market in Lithuania.

    “The performance indicators for the first quarter clearly point to both the overall financial trends and the bank’s priority areas of activity. For example, the declining number of foreign currency transactions indicates that the need to conduct foreign exchange transactions in cash is declining in the market, the shrinking of premium collection revenues signals that these activities are moving to the electronic space, and the growth of loan and deposit portfolios shows the potential of businesses and individuals to both borrow and accumulate funds,” says Mr. Arlauskas.

    The total assets of Urbo Bankas at the end of Q1 2025 amounted to EUR 668.5 million, or 15.9% more than a year ago (EUR 576.5 million). The bank’s shareholders’ equity increased by 9.2% year-on-year to EUR 63.8 million.

    At the end of March this year, Urbo Bankas had 279 employees, and its customer service network consisted of 25 territorial branches.  

    For more information please contact: Julius Ivaška, Head of Business Division, tel. +370 601 04 453, e-mail media@urbo.lt

    Attachment

    The MIL Network –

  • MIL-OSI: Exodus Launches XO Pay: Direct Crypto Purchasing Service for U.S. Mobile Customers

    Source: GlobeNewswire (MIL-OSI)

    OMAHA, Neb., May 26, 2025 (GLOBE NEWSWIRE) — Exodus announces the launch of XO Pay, a new service that allows customers to buy and sell cryptocurrency directly within the Exodus Mobile wallet.

    Developed by Exodus and powered by Coinme’s Crypto-as-a-Service API platform, XO Pay is the first self-custody wallet with native on-ramping. XO Pay eliminates the need for third-party exchanges, providing a seamless crypto buying experience for customers with all the benefits of self-custody.

    XO Pay currently supports popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Polygon (POL), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), and USD Coin (USDC). Customers can make purchases using Visa or Mastercard debit cards, Apple Pay, or Google Pay.

    XO Pay is now available to customers across the United States, with the exception of New York and Vermont.

    “XO Pay represents our commitment to making cryptocurrency more accessible to everyday customers,” said JP Richardson, Co-Founder and CEO of Exodus. “By integrating the purchasing process directly into our mobile wallet, we’re removing barriers and simplifying the journey from fiat to crypto, and back.”

    Key Features of XO Pay:

    • Complete purchases in under 60 seconds with quick and easy onboarding
    • Maximize buys with industry-leading competitive rates
    • Access world-class support from Exodus’ elite customer service team

    The user experience has been designed with simplicity in mind. Customers can initiate a purchase by tapping the Buy & Sell icon in the Exodus Mobile app, selecting their desired cryptocurrency and purchase amount, and choosing XO Pay as their provider. The platform will then guide customers through a straightforward verification process.

    “By creating a Web2 checkout experience into a Web3 self-custody wallet, Exodus has set a new bar for crypto user experience,” said Neil Bergquist, CEO and co-founder of Coinme. “Exodus’ innovative integration of Coinme’s APIs delivers the seamless in-app purchase flow users expect while keeping them in full control of their assets.”

    Dedicated support is available at support@xopay.com, with representatives ready to help with any transaction issues or questions, or by visiting www.xopay.com.

    About Exodus
    Exodus empowers individuals to take control of their lives in a digital world with secure, user-friendly crypto software. Since 2015, Exodus has made digital assets accessible through self-custodial wallets that put customers in full control of their funds, enabling seamless swaps, buys, and sells. For businesses, Exodus offers Passkeys Wallet and XO Swap, leading solutions for embedded crypto wallets and swap aggregation. Committed to accessible and secure finance, Exodus is shaping the future of digital ownership. Learn more at exodus.com or follow us on X at x.com/exodus.

    About Coinme Crypto-as-a-Service
    Founded in 2014, Coinme is a leading licensed and regulated provider of Crypto-as-a-Service (CaaS), its B2B2C crypto and stablecoin enablement platform. Coinme’s CaaS enables a fully native and seamless crypto exchange and payment experience within our partners’ web or mobile apps. By integrating with Coinme’s simple API suite, partners can quickly deploy crypto and stablecoin products and services natively on their front-end while leveraging Coinme’s robust exchange and compliance infrastructure. For more information, please visit https://coinme.com/enterprise.

    Investor Contact
    investors@exodus.com

    The MIL Network –

  • MIL-OSI: Enhans Joins Palantir’s Startup Fellowship as Korea’s Sole AI-Native Startup

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, KOREA, May 26, 2025 (GLOBE NEWSWIRE) — Enhans, a South Korean startup specializing in vertical commerce AI agents, has been selected for the Startup Fellowship organized by Palantir Technologies. Among 25 companies chosen worldwide, Enhans is the only participant from Korea. This selection recognizes the company’s technical leadership, strong execution capabilities, and potential to lead the next generation of AI-native companies.

    Palantir, a software company headquartered in Denver, Colorado, is known for solving some of the world’s most complex data challenges in collaboration with government agencies and Fortune 500 companies across sectors such as manufacturing and finance. Through its platforms, Foundry and the Artificial Intelligence Platform (AIP), Palantir enables real-time data integration, analysis, and operational decision-making at scale. The company describes its mission as launching a new wave of “AI-native unicorns.”

    This ‘Startup Fellowship 000’ includes 25 promising startups selected worldwide, with Enhans standing as the sole participant from South Korea. Palantir introduced the program with the statement, “The future is here. Launching a wave of AI-native unicorns,” and shared the following message with Enhans: “Being selected into the Startup Fellowship is an incredible accomplishment and a pivotal moment in the startup journey.”

    Through this batch, Enhans will collaborate closely with Palantir engineers to enhance its vertical AI agents built on the Large Action Model (LAM), by integrating them with Palantir’s platforms, Foundry and the Artificial Intelligence Platform (AIP). At the end of the program in late June, Enhans will present its AIP-powered product in a showcase event attended by Palantir leadership, Fortune 50 executives, and global investors. Beyond technical integration, the collaboration is expected to help Enhans validate its global scalability and lay the groundwork for future strategic partnerships.

    Seunghyun Lee, CEO of Enhans, emphasized the strategic significance of the collaboration. “This fellowship is not only a validation of our technology, but a global recognition of our capacity to drive disruptive innovation in enterprise AI,” he said.

    He continued, “Through this collaboration with Palantir, we intend to present real-world AI use cases that redefine how commerce operates and establish a new global standard for execution-focused agent technologies.”

    Enhans’s participation highlights the growing demand for AI systems that not only interpret data, but also act on it. As digital commerce continues to increase in speed and complexity, autonomous agents capable of adaptive decision-making are becoming essential infrastructure across global markets.

    Media Contact

    Company: Enhans

    Contact: SukYeon Jung

    Email: sukyeon@enhans.ai

    Website: https://www.enhans.ai/

    SOURCE: Enhans

    The MIL Network –

  • MIL-OSI United Nations: Secretary-General’s message on the occasion of Africa Day [scroll down for French version]

    Source: United Nations secretary general

    On Africa Day, we celebrate a continent rich in heritage, vibrant in diversity and remarkable in its contributions to our global community.

    Africa is home to the world’s youngest population and fast becoming a powerhouse in renewable energy and technological innovation.

    Yet, Africa bears the scars of historic injustices.  The legacies of slavery, colonialism, apartheid, and systemic racism still cast long shadows, and entrenched inequalities affect Africans and people of African descent to this day.

    This year’s theme calls for confronting these shameful legacies. I renew my call for reparatory justice that is grounded in accountability, reconciliation and equity. 

    The Pact for the Future, adopted in September, urges greater African representation – particularly at the Security Council – and reforms to the international financial system to support African countries with financing and debt relief. The Pact, through the Global Digital Compact, also seeks to close the digital divide and promote the responsible use of AI technologies.

    At a time when barriers are being erected, Africa leads by example. The African Continental Free Trade Area promises to usher in a new era of economic integration, opening the door to jobs, growth and prosperity.

    At the same time, we must support Africa’s efforts to expand its clean-energy sector, and ensure that the minerals that are critical to the renewables revolution benefit Africans first and most.

    Throughout, we will continue standing with Africa to silence the guns, tackle terrorism, and safeguard human rights for all.

    On this Africa Day, let us recommit to not only addressing past wrongs, but also to building a sustainable future for the people of Africa grounded in peace, dignity, and opportunity for all.

    ***
    En cette Journée de l’Afrique, nous célébrons un continent qui se distingue par son riche patrimoine, son éclatante diversité et ses formidables apports à la communauté internationale.

    L’Afrique abrite la population la plus jeune du monde et s’impose peu à peu comme un poids lourd des énergies renouvelables et de l’innovation technologique.

    Pourtant, l’Afrique porte encore les stigmates des injustices passées. Le spectre de l’esclavage, du colonialisme, de l’apartheid et du racisme systémique hante toujours le continent, et les Africains et les personnes d’ascendance africaine restent en proie à des inégalités profondément ancrées.

    Le thème de cette année nous exhorte à regarder en face cet héritage honteux et je demande une nouvelle fois que soit mise en place une justice réparatrice fondée sur la responsabilité, la réconciliation et l’équité.

    Le Pacte pour l’avenir, adopté en septembre, invite instamment à accroître la représentation de l’Afrique, notamment au sein du Conseil de sécurité, et à réformer le système financier international pour qu’il puisse mieux répondre aux besoins des pays africains en matière de financements et d’allègement de la dette. Ce Pacte, par l’intermédiaire du Pacte numérique mondial, vise également à réduire la fracture numérique et à promouvoir l’utilisation responsable des technologies d’intelligence artificielle.

    À l’heure où sont érigées de nouvelles barrières, l’Afrique montre l’exemple. Ainsi, la Zone de libre-échange continentale africaine promet de faire entrer le continent dans une nouvelle ère d’intégration économique, en ouvrant la voie à l’emploi, à la croissance et à la prospérité.

    Parallèlement, nous devons soutenir l’action menée par l’Afrique pour développer le secteur des énergies propres et veiller à ce que les Africains soient les premiers à bénéficier des minéraux qui sont au cœur de la révolution des énergies renouvelables.

    Jusqu’au bout, nous resterons mobilisés aux côtés de l’Afrique pour faire taire les armes, lutter contre le terrorisme et protéger les droits humains de toutes et tous.

    En cette Journée de l’Afrique, réaffirmons notre engagement non seulement à réparer les torts du passé, mais aussi à construire pour les peuples d’Afrique un avenir durable, fondé sur la paix, la dignité et l’égalité des chances pour tous.

    ***
     

    MIL OSI United Nations News –

  • MIL-OSI Australia: $5 million for projects turning trash into treasure

    Source: Tasmania Police

    Issued: 26 May 2025

    Eight projects are turning old materials into innovative new products with support from the $5 million Circular Economy Investment Program.

    From a robotic pallet dismantler to a food rescue mission, the successful projects pave the way towards a less-wasteful society – where waste is never wasted.

    With grants of between $250,000 and $750,000 from the Queensland Government, recipients will revolutionise a range of key industries, rethinking how we handle waste and what it can be repurposed for.

    By prioritising keeping materials in circulation, not only will we be reducing landfill and boosting recycling rates; we will be reducing the reliance on brand-new materials.

    Acting Deputy Director-General at the Department of the Environment, Tourism, Science and Innovation Kahil Lloyd said these projects showcase the potential to unleash economic opportunities by reducing, reusing and recycling valuable materials.

    “These projects will not only help to reduce the roughly 10 million tonnes of waste produced in Queensland each year but also innovate a range of industries and support up to 72 local jobs.

    “From a robotic pallet dismantler to innovative recycling approaches for mattresses, medical plastics and truck tarpaulins; these projects go beyond a one-size fits all approach to tackling waste.

    “Queensland is working towards becoming a zero-waste society with ambitious targets to reduce, reuse and recycle wherever possible.

    “For every three jobs in landfill, there are nine jobs in recycling.

    “The Queensland Government is developing a new Queensland Waste Strategy to help boost recycling and unlock economic opportunities.

    “These projects are a great example of how we can support Queensland businesses and capitalise on the opportunities that come from reducing, reusing and recycling.

    Learn more about the Circular Economy Investment Program successful projects.

    MIL OSI News –

  • MIL-OSI NGOs: Greenpeace Calls for Global Recognition and Urgent Actions at the First Global Congress of Indigenous Peoples and Local Communities from the 3 Forest Basins

    Source: Greenpeace Statement –

    Brazzaville, Republic of Congo — May 26, 2025 — Greenpeace is delighted to support and endorse the first World Congress of Indigenous Peoples and Local Communities of Forest Basins, scheduled for May 26-30, 2025 in Brazzaville, Republic of Congo. This historic gathering brings together indigenous leaders, community representatives, conservationists and international allies determined to defend the planet’s most critical forest ecosystems.

    Villagers of Lokolama welcome the international Expedition Team on their arrival. A team from Greenpeace Africa are working with local partners to conduct scientific research in the village of Lokolama, 45 km from Mbandaka. The team aim to identify the presence of tropical peatlands in the region, and to measure its depth. © Kevin McElvaney / Greenpeace

    Forests across the Amazon, Congo and Borneo-Mekong–Papua-Southeast Asia are cradles of biodiversity and cultural heritage. These critical ecosystems hold the key to the planet’s climate stability—yet they are under relentless threat from deforestation, illegal logging, land grabbing, and extractive industries. Indigenous Peoples and Local Communities have been the true custodians of these lands for generations, harnessing ancient knowledge and sustainable practices that are vital in the fight against climate change and biodiversity loss.

    Bonaventure Bondo, Forest Campaigner for the Congo Basin at Greenpeace Africa, declared:

    “Indigenous peoples and Local Communities are the guardians of the world’s remaining forest. In the Congo Basin, they implement local solution-based initiatives to protect forests and preserve biodiversity using their traditional knowledge. This Congress is a call to the World: Recognize and co-power Indigenous Peoples and Local Communities to lead the way in sustainably protecting our forests—for their well-being and the future of the entire planet.”

    Romulo Batista, Senior Campaigner at Greenpeace Brazil, emphasized:

    “In the Amazon, Indigenous Peoples protect millions of hectares of forest in their demarcated and undemarcated territories. Global leaders and international financiers should respect their territories and invest in their solutions, not in agribusiness and mining activities that threaten and invade their lands, forests and rivers.”

    Amos Sumbung, Forest Campaigner at Greenpeace Southeast Asia (Indonesia), insisted:

    “In Southeast Asia, our forests are being ripped apart faster than ever. The largest remaining forest  in this region is Papua – Indonesia, which should not be destroyed and should be defended at all costs.  Indigenous leadership is the only way to stop this destruction. This gathering must be a turning point—where Indigenous Peoples and Local Communities voices are heard, and their rights are prioritized in global climate policies.”

    As a staunch supporter of environmental justice and the rights of Indigenous Peoples, Greenpeace urges the global community and calls on governments, international organizations, and civil society to:

    • Recognize and uphold the tenure rights of Indigenous Peoples and Local Communities.
    • Ensure direct access to finance for  Indigenous Peoples and Local Communities to lead and scale up their own forest solutions initiatives.
    • Incorporate Indigenous knowledge into climate and biodiversity science and policies at all levels.
    • Commit to concrete actions that protect both forests and the cultures that depend on them.

    Together, we can build a future where forests thrive, biodiversity flourishes, and Indigenous Peoples are co-powered as stewards of the planet.The future of the planet depends on the guardianship of its Indigenous peoples and Local Communities. Greenpeace stands with them in demanding urgent actions.

    Contacts:

    Raphael Mavambu, Media and Communications, [email protected], Greenpeace Africa

    Tracy Makheti, Global Digital & Engagement Lead, [email protected], Greenpeace Africa

    MIL OSI NGO –

  • MIL-OSI Africa: What’s on the cybersecurity horizon: Kaspersky shares cybersecurity trends for the Middle East, Turkiye and Africa

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

    JOHANNESBURG, South Africa, May 26, 2025/APO Group/ —

    At its annual Cyber Security Weekend for the Middle East, Turkiye and Africa (META) region, Kaspersky (www.Kaspersky.co.za) Global Research and Analysis Team presented cybersecurity trends, including ransomware, advanced persistent threats (APTs), supply chain attacks, mobile threats, AI and IoT developments.

    Kaspersky experts constantly track highly sophisticated attacks. Specifically, they are monitoring 25 APT groups currently active in the META region, including well-known ones such as SideWinder, Origami Elephant, and MuddyWater. The rise of creative exploits for mobile and further development of techniques aimed at evading detection are among the trends Kaspersky is seeing in these targeted attacks.

    On a broader level, the first quarter of 2025 showed that Turkiye and Kenya had the highest number of users affected by web incidents (online threats) – 26.1% and 20.1% respectively. They were followed by Qatar (17.8%), Nigeria (17.5%) and South Africa (17.5%).

    Ramsomware remains one of the most destructive cyberthreats. According to Kaspersky data, the share of users affected by ransomware attacks increased by 0.02 p.p to 0.44% from 2023 to 2024 globally. In the Middle East the growth is 0.07 p.p. to 0.72%, in Africa: 0.01 p.p. growth to 0.41%, in Turkiye 0,06 p.p. growth to 0.46%. Attackers often don’t distribute this type of malware on a mass scale, but prioritise high-value targets, which reduces the overall number of incidents. While ransomware is not increasing largely, that doesn’t mean that it becomes less dangerous.

    In the Middle East ransomware affected a higher share of users due to rapid digital transformation, expanding attack surfaces and varying levels of cybersecurity maturity. Ransomware is less prevalent in Africa due to lower levels of digitisation and economic constraints, which reduce the number of high-value targets. However, as countries like South Africa and Nigeria expand their digital economies, ransomware attacks are on the rise, particularly in the manufacturing, financial and government sectors. Limited cybersecurity awareness and resources leave many organisations vulnerable, though the smaller attack surface means the region remains behind global hotspots.

    Ransomware trends

    • AI tools are increasingly being used in ransomware development, as demonstrated by FunkSec, a ransomware group that emerged in late 2024 and quickly gained notoriety by surpassing established groups like Cl0p and RansomHub with multiple victims claimed in December alone. Operating under a Ransomware-as-a-Service (RaaS) model, FunkSec employs double extortion tactics — combining data encryption with exfiltration — targeting sectors such as government, technology, finance, and education in Europe and Asia. The group’s heavy reliance on AI-assisted tools sets it apart, with its ransomware featuring AI-generated code, complete with flawless comments, likely produced by Large Language Models (LLMs) to enhance development and evade detection. Unlike typical ransomware groups demanding millions, FunkSec adopts a high-volume, low-cost approach with unusually low ransom demands, further highlighting its innovative use of AI to streamline operations.
    • In 2025, ransomware is expected to evolve by exploiting unconventional vulnerabilities, as demonstrated by the Akira gang’s use of a webcam (http://apo-opa.co/4kgMYLu) to bypass endpoint detection and response systems and infiltrate internal networks. Attackers are likely to increasingly target overlooked entry points like IoT devices, smart appliances or misconfigured hardware in the workplace, capitalising on the expanding attack surface created by interconnected systems. As organisations strengthen traditional defenses, cybercriminals will refine their tactics, focusing on stealthy reconnaissance and lateral movement within networks to deploy ransomware with greater precision, making it harder for defenders to detect and respond in time.
    • The proliferation of LLMs tailored for cybercrime will further amplify ransomware’s reach and impact. LLMs marketed on the dark web lower the technical barrier to creating malicious code, phishing campaigns and social engineering attacks, allowing even less skilled actors to craft highly convincing lures or automate ransomware deployment. As more innovative concepts such as RPA (Robotic Process Automation) (http://apo-opa.co/3YXevJq) and LowCode (http://apo-opa.co/3YZwrmB), which provide an intuitive, visual, AI-assisted drag-and-drop interface for rapid software development, are quickly adopted by software developers, we can expect ransomware developers to use these tools to automate their attacks as well as new code development, making the threat of ransomware even more prevalent.

    “Ransomware is one of the most pressing cybersecurity threats facing organisations today, with attackers targeting businesses of all sizes and across every region, including META. Ransomware groups continue to evolve by adopting techniques, such as developing cross-platform ransomware, embedding self-propagation capabilities and even using zero-day vulnerabilities that were previously affordable only for APT actors. There is also a shift toward exploiting overlooked entry points — including IoT devices, smart appliances, and misconfigured or outdated workplace hardware. These weak spots often go unmonitored, making them prime targets for cybercriminals,” said Sergey Lozhkin, Head of META and APAC regions in Global Research and Analysis Team at Kaspersky. “To stay secure, organisations need a layered defense: up-to-date systems, network segmentation, real-time monitoring, robust backups, and continuous user education”.

    Kaspersky encourages organisations to follow these best practices to safeguard their assets:

    • Always keep software updated on all the devices you use to prevent attackers from exploiting vulnerabilities and infiltrating your network.
    • Focus your defense strategy on detecting lateral movements and data exfiltration to the Internet. Pay special attention to outgoing traffic to detect cybercriminals’ connections to your network. Set up offline backups that intruders cannot tamper with. Make sure you can access them quickly when needed or in an emergency.
    • Provide your SOC team with access to the latest threat intelligence and regularly upskill them with professional training. Use the latest Threat Intelligence (http://apo-opa.co/4mxFxRu) information to stay aware of the actual Tactics, Techniques, and Procedures (TTPs) used by threat actors.
    • Enable ransomware protection for all endpoints. There is a free Kaspersky Anti-Ransomware Tool for Business (http://apo-opa.co/4kbrz6f) that shields computers and servers from ransomware and other types of malware, prevents exploits and is compatible with already installed security solutions.

    To protect the company against a wide range of threats, use solutions from the Kaspersky Next (http://apo-opa.co/4mPmnqL) product line that provide real-time protection, threat visibility, investigation and response capabilities of EDR and XDR for organisations of any size and industry. Depending on your current needs and available resources, you can choose the most relevant product tier and easily migrate to another one if your cybersecurity requirements are changing.

    MIL OSI Africa –

  • MIL-OSI Africa: Secretary-General’s message on the occasion of Africa Day [scroll down for French version]

    Source: United Nations – English

    n Africa Day, we celebrate a continent rich in heritage, vibrant in diversity and remarkable in its contributions to our global community.

    Africa is home to the world’s youngest population and fast becoming a powerhouse in renewable energy and technological innovation.

    Yet, Africa bears the scars of historic injustices.  The legacies of slavery, colonialism, apartheid, and systemic racism still cast long shadows, and entrenched inequalities affect Africans and people of African descent to this day.

    This year’s theme calls for confronting these shameful legacies. I renew my call for reparatory justice that is grounded in accountability, reconciliation and equity. 

    The Pact for the Future, adopted in September, urges greater African representation – particularly at the Security Council – and reforms to the international financial system to support African countries with financing and debt relief. The Pact, through the Global Digital Compact, also seeks to close the digital divide and promote the responsible use of AI technologies.

    At a time when barriers are being erected, Africa leads by example. The African Continental Free Trade Area promises to usher in a new era of economic integration, opening the door to jobs, growth and prosperity.

    At the same time, we must support Africa’s efforts to expand its clean-energy sector, and ensure that the minerals that are critical to the renewables revolution benefit Africans first and most.

    Throughout, we will continue standing with Africa to silence the guns, tackle terrorism, and safeguard human rights for all.

    On this Africa Day, let us recommit to not only addressing past wrongs, but also to building a sustainable future for the people of Africa grounded in peace, dignity, and opportunity for all.

    ***
    En cette Journée de l’Afrique, nous célébrons un continent qui se distingue par son riche patrimoine, son éclatante diversité et ses formidables apports à la communauté internationale.

    L’Afrique abrite la population la plus jeune du monde et s’impose peu à peu comme un poids lourd des énergies renouvelables et de l’innovation technologique.

    Pourtant, l’Afrique porte encore les stigmates des injustices passées. Le spectre de l’esclavage, du colonialisme, de l’apartheid et du racisme systémique hante toujours le continent, et les Africains et les personnes d’ascendance africaine restent en proie à des inégalités profondément ancrées.

    Le thème de cette année nous exhorte à regarder en face cet héritage honteux et je demande une nouvelle fois que soit mise en place une justice réparatrice fondée sur la responsabilité, la réconciliation et l’équité.

    Le Pacte pour l’avenir, adopté en septembre, invite instamment à accroître la représentation de l’Afrique, notamment au sein du Conseil de sécurité, et à réformer le système financier international pour qu’il puisse mieux répondre aux besoins des pays africains en matière de financements et d’allègement de la dette. Ce Pacte, par l’intermédiaire du Pacte numérique mondial, vise également à réduire la fracture numérique et à promouvoir l’utilisation responsable des technologies d’intelligence artificielle.

    À l’heure où sont érigées de nouvelles barrières, l’Afrique montre l’exemple. Ainsi, la Zone de libre-échange continentale africaine promet de faire entrer le continent dans une nouvelle ère d’intégration économique, en ouvrant la voie à l’emploi, à la croissance et à la prospérité.

    Parallèlement, nous devons soutenir l’action menée par l’Afrique pour développer le secteur des énergies propres et veiller à ce que les Africains soient les premiers à bénéficier des minéraux qui sont au cœur de la révolution des énergies renouvelables.

    Jusqu’au bout, nous resterons mobilisés aux côtés de l’Afrique pour faire taire les armes, lutter contre le terrorisme et protéger les droits humains de toutes et tous.

    En cette Journée de l’Afrique, réaffirmons notre engagement non seulement à réparer les torts du passé, mais aussi à construire pour les peuples d’Afrique un avenir durable, fondé sur la paix, la dignité et l’égalité des chances pour tous.

    ***
     

    MIL OSI Africa –

  • MIL-OSI Europe: Christine Lagarde: Earning influence: lessons from the history of international currencies

    Source: European Central Bank

    Speech by Christine Lagarde, President of the ECB, at an event on Europe’s role in a fragmented world organised by Jacques Delors Centre at Hertie School in Berlin, Germany

    Berlin, 26 May 2025

    Over the past 80 years, the global economy thrived on a foundation of openness and multilateralism – underpinned by US leadership. By championing a rules-based international system and anchoring the dollar as the world’s reserve currency, the United States set the stage for trade to flourish and finance to expand.

    This global order proved immensely beneficial to the European Union, whose founding liberal principles aligned seamlessly with it. But today it is fracturing.

    Multilateral cooperation is being replaced by zero-sum thinking and bilateral power plays. Openness is giving way to protectionism. There is even uncertainty about the cornerstone of the system: the dominant role of the US dollar.

    All else equal, this fracturing can pose risks for Europe. Our economy is deeply integrated into the global trading system, with exports accounting for close to one-fifth of our value added and supporting 30 million jobs.

    Any change in the international order that leads to lower world trade or fragmentation into economic blocs will be detrimental to our economy.

    But – with the right policy responses – there could also be opportunities. The changing landscape could open the door for the euro to play a greater international role.

    Today, the euro is the second global currency, accounting for around 20% of foreign exchange reserves, compared with 58% in the case of the US dollar. Increasing the international role of the euro can have positive implications for the euro area.

    It would allow EU governments and businesses to borrow at a lower cost, helping boost our internal demand at a time when external demand is becoming less certain.

    It would insulate us from exchange rate fluctuations, as more trade would be denominated in euro, protecting Europe from more volatile capital flows.

    It would protect Europe from sanctions or other coercive measures.

    In short, it would allow Europe to better control its own destiny – giving us some of what Valéry Giscard d’Estaing called the “exorbitant privilege” 60 years ago.

    So, how likely is this change to happen? History suggests that it is far from guaranteed. The euro will not gain influence by default – it will have to earn it.

    For the euro to increase its global status, history tells us that we need to build on three foundations – each of them critical for success.

    First, Europe must ensure it has a solid and credible geopolitical foundation by maintaining a steadfast commitment to open trade and underpinning it with security capabilities.

    Second, we must reinforce our economic foundation to make Europe a top destination for global capital, enabled by deeper and more liquid capital markets.

    Third, we must bolster our legal foundation by defending the rule of law – and by uniting politically so that we can resist external pressures.

    Before we explore each of these three foundational components, let us observe what recent history can teach us.

    Shifts in the global currency landscape

    Shifts in the global currency landscape are not unprecedented in monetary history. There have been previous episodes where the world’s leading reserve currency issuer has taken steps that have called that leadership into question, without ultimately jeopardising it.

    For example, the US dollar took over from the pound sterling as the world’s leading reserve currency in the mid-1920s, with its share in foreign exchange reserves rising to 64% by 1931. But this leading position did not stop the United States taking measures to unilaterally change the international monetary order.

    For instance, in 1933 President Roosevelt suspended gold convertibility to fight the deflationary forces of the Great Depression. He dismissed European demands for fixed exchange rates with the argument that “the sound internal economic system of a nation is a greater factor in its well-being than the price of its currency”.[1]

    Then again in the 1970s President Nixon ended the Bretton Woods system by unilaterally suspending dollar convertibility to gold and imposing a 10% import tariff.

    Faced with growing imbalances between US current account deficits and the surpluses of western Europe and Japan, Treasury Secretary John Connally declared that “no longer can considerations of friendship, or need, or capacity justify the United States carrying so heavy a share of the common burdens.”[2]

    On both occasions, there was a decline in the standing of the US dollar as a foreign reserve currency. In the 1930s, it fell from over 60% to around 20% of global foreign exchange reserves. In the 1970s, it fell from about 70% to 50% two decades later.

    But on neither occasion was there a robust alternative currency that could take over at short notice. In the 1930s, the pound sterling was already declining, while in the 1970s the Deutsche Mark and the Yen were backed by markets that were too small.

    So, instead, investors flocked to gold. The share of gold in foreign reserves increased by about 20 percentage points in the 1930s to 97% and almost doubled to 60% in the 1970s.[3]

    Today, there is a key difference compared with previous eras. With the euro as the world’s second-largest currency, there is another international currency alongside the dollar. But this has not yet convinced investors.

    Over recent years, the dollar’s share in global foreign exchange reserves has fallen, with its current level of 58% being the lowest since 1994. In parallel, central banks have been accumulating gold at a record pace – almost matching the levels seen during the Bretton Woods era.[4] The share of gold in global foreign reserves[5] has reached around 20%, surpassing that of the euro.[6]

    As previously mentioned, we can identify three essential foundations for international currency usage, without which a currency cannot succeed on the global stage. And in each case, we can see that Europe has many of the key ingredients for success, but we need to bring them together to reinforce the foundations. Action is in order.

    The geopolitical foundation

    The starting point is a credible geopolitical foundation – which rests on both a country’s role in global trade and the strength of its military alliances.

    A currency’s exposure to trade is especially important, as it provides the initial pathway to wider international use. In the mid-1920s, for example, the dollar overtook the pound sterling as the leading form of trade credit before it became the leading reserve currency.[7]

    Once a currency captures a larger share of trade invoicing, its role in international banking and finance, and ultimately as a reserve asset, becomes self-reinforcing. Higher demand for the currency enhances its role as a store of value and further encourages investors to hold it.[8]

    As a major actor in global trade, Europe already has a key ingredient of a strong geopolitical foundation, creating the potential for a virtuous circle of euro internationalisation to unfold.

    The EU has the largest network of trade agreements in the world. Europe is the number one trading partner for 72 countries, which together represent almost 40% of world GDP.[9] And this status is reflected in the share of the euro as an invoicing currency, which stands at around 40%, more than double its share as a reserve currency.

    Europe can press home this advantage by continuing to forge new trade agreements. And we should make clear that we support a win-win approach to trade, ensuring that we are the most attractive partner to make deals with.

    The ECB can also help make the euro more attractive for euro-denominated trade. We are working on a potential digital euro and pursuing initiatives to enhance cross-border payments in euro, which could potentially facilitate international cross-border transactions in the future.

    And by extending swap and repo lines to key partners, we safeguard against euro liquidity shortages abroad disrupting the smooth transmission of our monetary policy – which in turn encourages those partners to transact more in euro.

    But there is a limit to how much a currency can grow simply by virtue of being open to trade. In fact, the euro’s share of global export invoicing is already as large as that of the US dollar, but we are not closing the gap in reserve currency status.

    This is because investors – and especially official investors – also seek geopolitical assurance in another form: they invest in the assets of regions that are reliable security partners and can honour alliances with hard power. So a credible geopolitical foundation must also rest on robust military partnerships.

    This dual strength is essentially what we can learn from the US dollar’s dominance. It is not just a product of economic fundamentals but it is also powerfully reinforced by US security guarantees. These guarantees not only deepen trade ties[10], but have been shown to boost a currency’s share in foreign reserves by up to 30 percentage points.[11]

    We are now seeing a major shift in Europe towards rebuilding our hard power, with important initiatives underway at the national and EU levels. And we should be clear that following through with this effort is a precondition for the euro to become more widely used.

    The economic foundation

    Trade and military power are important for establishing demand for an international currency. But to satisfy this demand, investors need appropriate assets to invest in.

    This is why a strong economic foundation – one that provides opportunities for growth and opportunities to invest in growth – is equally essential.

    There is a virtuous circle between growth, capital markets and international currency usage. Growth generates robust rates of return, which make investors want to hold assets in a particular currency. And capital markets provide investment opportunities and channel funds back into growth.

    At the same time, if capital markets provide a sufficient supply of “safe assets”, investors can hedge their exposures efficiently. When a shock hits and riskier investments lose value, safer assets rise in value. That provides a complete ecosystem for investments in the currency.

    The US dollar’s rise to dominance in the interwar period was certainly driven by this virtuous circle. The development of US capital markets boosted growth – with each 1 percentage point increase in market capitalisation yielding 0.5 percentage points more growth[12] – while simultaneously establishing the foundation for dollar dominance. The depth and liquidity of the US Treasury market in turn provided an efficient hedge for investors.

    Europe has all the elements it needs to produce a similar cycle. But so far, we have not been able to put all the pieces together.

    Despite our large single market, we have fallen behind the US in terms of growth performance and market returns. Since 2000, US labour productivity per hour has grown twice as much as in the euro area, mainly driven by the tech sector, and US markets have delivered returns that are around five times as high as those of European markets.[13]

    Despite our large savings, we have made little progress in integrating our capital markets to channel more of our funds into growth. 60% of household equity investment goes into home country markets even though there may be greater opportunities abroad.

    And despite our strong aggregate fiscal position – our debt-to-GDP ratio is 89%, compared with 124% in the United States – we provide relatively few safe assets. Recent estimates suggest that outstanding sovereign bonds rated at least AA are just below 50% of GDP in the EU and above 100% in the US.[14]

    The conclusion for Europe is clear: if we truly want to see the global status of the euro grow, we must first reform our domestic economy.

    That means moving forwards with the priorities identified in recent reports: completing the Single Market, enabling start-ups, reducing regulation and building the savings and investment union. And it means avoiding a piecemeal approach, where we make progress where it is easy and dither where it is hard, else we will never kick-start the positive cycle.

    Moreover, in this new geopolitical landscape, the case for acting in a European way has never been stronger.

    Each individual country of course needs to make sure that its national policies support growth. But we also need to be mindful of self-defeating fragmentation. For example, we all agree that Europe needs to build up its strategic industries to avoid excessive dependencies – as Mario Draghi and Enrico Letta emphasised in their recent reports. But we will not succeed if we have 27 different policies for these industries.

    Nowadays there are also more policy goals that qualify as European public goods, notably strengthening European defence. But due to the free-rider problem, defence is a good that is likely to be undersupplied. Moreover, joining forces to procure equipment and develop new technologies – leading to economies of scale and more interoperability – will result in greater operational effectiveness than if all 27 Member States go it alone.

    Economic logic tells us that public goods need to be jointly financed. And this joint financing could provide the basis for Europe to gradually increase its supply of safe assets.

    The legal foundation

    Geopolitical strength and faster growth can go a long way towards strengthening the euro’s international role. But maintaining demand for the currency will also depend on our ability to uphold a robust legal and institutional foundation.

    Ultimately, currencies achieve and maintain their reserve status if the institutions and policies backing them consistently safeguard investor confidence in their long-term value.[15]

    For example, historically, the US dollar’s pre-eminence has rested on the strength and stability of US fiscal and monetary institutions. The Federal Reserve System’s credible commitment to controlling inflation, combined with the unparalleled liquidity of the US Treasury market, created a perception of minimal sovereign risk. This made the dollar a safe haven during global economic turbulence and recessions.[16]

    Since 1970, there have been 34 instances of simultaneous sovereign debt and financial crises globally, but the US has remained immune to such “twin crises”.[17]

    However, when doubts emerge about the stability of the legal and institutional framework, the impact on currency use is undeniable.

    These doubts have materialised in the form of highly unusual cross-asset correlations since 2 April this year, with the US dollar and US Treasuries experiencing sell-offs even as equities fell. The same doubts are also cited by investors who are turning to gold: two-fifths say they are doing so as a hedge against rising geopolitical risk.[18]

    Given this context, the EU has a legitimate reason to turn its commitment to predictable policymaking and the rule of law into a comparative advantage.

    This commitment is baked into how the EU works. The positive side of our often slow and complicated decision-making processes is that checks and balances are always respected. We have also enshrined into law the independence of our key institutions, like the ECB, in ways that are hard for politicians to threaten.

    But relying on the fact that our bureaucratic systems are hard to change is not enough. In the current geopolitical environment, we are facing increasing external pressures to take actions that jeopardise the rule of law. And we will only be able to resist these pressures if we are more politically united and able to speak with a single voice.

    As we potentially enter a renewed era of great power rivalry, with countries being asked to take sides, we are likely to find ourselves under pressure to make decisions that are not necessarily in our own interest.

    But if we take this opportunity to unite and, preferably, to reform our institutional structure by enabling more qualified majority voting in areas where a single veto has often held back the collective interests of the 26 other countries, that would enable us to act decisively as a united Europe. We would then be in a much stronger position to defend and uphold our values and, as a result, to defend and uphold global confidence in our currency.

    Conclusion

    Let me conclude.

    In the history of the international monetary system, there are moments when the foundations that once seemed unshakeable begin to shift.

    The Belgian-American economist Robert Triffin described this with great clarity. He observed that nations’ confidence in the international monetary system depends on the reliability of the reserve currency, which, in his words, is “highly dependent on individual countries’ decisions”.

    But moments of change can also be moments of opportunity. The ongoing changes create the opening for a “global euro moment”.

    This is a prime opportunity for Europe to take greater control of its own destiny. But this is not a privilege that will simply be given to us. We have to earn it.

    MIL OSI Europe News –

  • MIL-OSI China: Moody’s affirming ratings offers positive reflection of Chinese economic prospects: ministry

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

    Moody’s affirming ratings offers positive reflection of Chinese economic prospects: ministry

    BEIJING, May 26 — Moody’s decision to affirm China’s A1 ratings on Monday is a positive reflection of the improving prospects for the country’s economy, the Chinese Ministry of Finance said.

    Since the fourth quarter of last year, the Chinese government has implemented a series of macroeconomic policies, economic indicators have improved, market expectations and confidence have stabilized, and the medium and long-term sustainability of debt has improved, the ministry said.

    The global economy is facing multiple risks and challenges, including insufficient momentum, escalating geopolitical conflicts, and a volatile international economic and trade order, leading to increased uncertainty in regard to economic performance, it noted.

    Against this backdrop, China’s economy has secured a strong start, with high-quality development trending positively. Production and consumption demand are steadily rising, and the stability and coordination of economic operations are improving, demonstrating strong resilience and vibrant dynamism, it said.

    Moving forward, a series of incremental and existing policies will work in concert to provide solid support for high-quality economic development, the ministry said.

    Regardless of changes in the external environment, China will remain confident and focused, concentrating on managing its own affairs well, it noted.

    MIL OSI China News –

  • MIL-OSI United Kingdom: New Tourism Strategy Set to Drive Sustainable Growth in Perth and Kinross

    Source: Scotland – City of Perth

    The Perth and Kinross Tourism Strategy and Action Plan 2025-2030, developed by the Perthshire Tourism Partnership, sets out a bold vision for the future of tourism in the region.

    The strategy focuses on four key areas: area promotion and destination marketing, investment and infrastructure, market development and internationalisation, and industry growth and resilience. Together, these priorities aim to increase visitor numbers, attract inward investment, develop new tourism products and experiences, and support local businesses to grow and thrive.

    With a strong emphasis on recovery following the COVID-19 pandemic, the plan outlines a clear path towards sustainable growth in the tourism sector, ensuring it continues to play a vital role in the economic and cultural life of Perth and Kinross.

    Tourism monitoring data for 2023 revealed that the region welcomed 2.3 million visitors, generating £703 million in direct and indirect economic activity. The total economic impact for local businesses and communities was £641 million, supporting approximately 8,200 full-time equivalent jobs. Compared to 2022, this represents an 8.8% increase in economic impact, a 15.4% rise in visitor numbers, and a 1.5% increase in total visitor days and nights.

    The strategy also explores other funding opportunities to support future investment in tourism infrastructure and services.

    Councillor Eric Drysdale, Convener of Perth and Kinross Council’s Economy and Infrastructure Committee, said: “The Perth and Kinross Tourism Strategy and Action Plan 2025-2030 is an important blueprint for our region’s economic prosperity.

    “By focusing on sustainable growth, we are not only enhancing our local economy but also ensuring that Perth and Kinross remains a vibrant and attractive destination for visitors.

    “This strategy will help everyone involved in tourism in Perth and Kinross navigate the challenges ahead and seize new opportunities, ultimately benefiting our communities and businesses alike.”

    The Perthshire Tourism Partnership, established in 2005, brings together tourism businesses, local associations, collaborative groups, and public sector agencies, including Perth and Kinross Council. The partnership plays a key role in shaping strategic direction and fostering collaboration across the tourism sector.

    David Smythe, Chairman of the Perthshire Tourism Partnership, said: “I thank Perthshire Tourism Partnership members and the tourism industry leaders who all contributed to shaping the new Tourism Strategy, which sets a clear path forward for this economically vital sector in Perth and Kinross.

    “Getting the tourism balance right through sustainable growth and focusing on the key themes is important to help keep our communities vibrant as they embrace the opportunities visitors bring to our lovely part of Scotland.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: International tournament Inter Football Cup: sport, friendship, Vyshka!

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Higher School of Economics

    On May 18, the Higher School of Economics hosted the international football tournament Inter Football Cup, in which HSE students and staff from all over the world took part for the third year in a row. This event became a real holiday not only for football fans, but also for everyone who wants to make new acquaintances and immerse themselves in an atmosphere of friendship and unity.

    The football tournament is held with the support of Directorates of Internationalization And Department of Physical Education HSE University. Opening the event, department lecturer Artem Yemelyanov congratulated everyone on the sports festival and wished them to demonstrate their best sports skills and team spirit. Director Center for Support and Career of International Students and Graduates Zhanna Sorokina noted that for the first time, not only student teams are participating in the tournament, but also a team formed from international specialists – foreign teachers and research staff of the university.

    This time, 12 teams met on the field, bringing together representatives of more than 50 countries – from Australia to Ethiopia, from Italy to India. Each match was a real battle, full of emotions and excitement. The participants not only demonstrated their football skills, but also shared the cultural traditions of their countries, which added a special flavor to the tournament. “This is not just football, it is a great chance to take a break from studying, warm up and relax, and also meet our friends and students from other faculties,” shared Ikenna Mbatha (Nigeria) from Institute for Statistical Research and Economics of Knowledge HSE. His team, despite losing in the semi-finals, had unforgettable impressions and made many new acquaintances.

    “This is not my first time participating in the tournament, and it is one of the best events that the university organizes for international students,” says Bernard Baako (Ghana) Faculty of Economic Sciences“Such drive, such emotions – it’s an amazing release!”

    As the tournament organizers note, the number of participants increases every year, which indicates a growing interest in the sporting event. “We are glad to see how students from different countries unite through sport. This is important not only for their socialization, but also for creating a friendly atmosphere at the university,” noted Zhanna Sorokina.

    Marco Mellina (Italy), Research Fellow Schools of Historical Sciences, said that he was a big football fan and, having just learned about the tournament, persuaded his colleagues to participate. The team of international specialists was extremely happy to spend the day at the stadium and impose a fight on their opponents. Even the rain that began during the final games did not spoil the mood of those gathered. The players’ passion in the fight for prize places was uncontrollable, once again confirming the truth of the classic formula of big-time sports: “The match will take place in any weather.”

    The tournament ended with a spectacular finale in which the team Faculty of Social Sciences defeated the team Institute of Cognitive Neurosciences — another debutant of the tournament. But, as many participants noted, the main thing is not the victory, but participation and the opportunity to meet new people.

    Benjamin Sarpong (Ghana), captain of the winning team, boasted that he has won the cup for the second year in a row: at the Inter Football Cup 2024, he was a prize winner as part of the team of the preparatory department for foreign citizens. “Today I personally scored two goals, and they determined the outcome of the final game! I am absolutely happy!” admitted Ben.

    The HSE Inter Football Cup has once again proven its importance as a platform for cultural exchange and friendship, and the participants are looking forward to the next tournament.

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

    MIL OSI Russia News –

  • MIL-OSI: AI Meets XRPL: Nimanode’s $NMA Presale Gains Momentum as AI Agents Set to Transform Web3 Automation

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 26, 2025 (GLOBE NEWSWIRE) — Nimanode, the trailblazing AI-powered platform built on the XRP Ledger, has officially launched its $NMA token presale, which started on May 22, 2025 and will remain live for a 30-day window.

    As XRP continues to gain momentum, boosted by renewed institutional inflows and its recent recognition as a cornerstone asset in the U.S. Strategic Crypto Reserve — projects like Nimanode are emerging at the forefront of XRPL’s next evolution, combining zero-code AI automation with real on-chain utility.

    JOIN $NMA PRESALE

    Nimanode is positioning itself at the intersection of artificial intelligence and decentralized technology. While much of the Web3 space remains focused on static smart contracts, Nimanode introduces something radically different: autonomous AI agents that users can build, deploy, and monetize — with zero coding required.

    What’s so Special about Nimanode?

    They boast of a suite of AI agents that can be deployed all from a no-code interface

    Web3 Customer Support Agents – Deployment AI agents 24/7 Web3-based customer support

    DeFi Autopilot Agent – AI Agents that not only trade but research, analyse and present optimal APY for its users

    Risk Assessment Agent – Designed to safeguard users by analyzing every dApp or token address a user interacts with.

    Why Whale’s are Scooping $NMA

    With a deliberately limited supply of just 200 million tokens, $NMA’s tokenomics are designed to reward early adopters and its ecosystem participants. Positioned at the core of Nimanode’s decentralized infrastructure, the token offers holders access to staking rewards, governance participation, and revenue-sharing opportunities.

    Holding the $NMA Token unlocks the full potential of the ecosystem, including:

    Agent Deployment – Reduced fees for launching agents when holding a minimum $NMA balance

    Agent Marketplace – Use $NMA to access premium agents or receive exclusive discounts

    Staking Benefits – Stake $NMA to earn passive income through the platform’s reward pool

    Governance Access – Participate in protocol decisions and vote on proposals that shape Nimanode’s future

    Buy $NMA Token

    How To Join The Nimanode Presale

    Here’s how you can participate:

    1. Buy XRP from reputable exchanges like Binance, Coinbase, or Bybit
    2. Send them to an XRP Compatible Wallet (Xaman recommended) to hold your purchased XRP.
    3. Go to Nimanode’s presale page, copy the deposit address, and send your XRP to it.
    4. Receive your tokens via airdrop 24 hours after the presale concludes.

    Act Now, Don’t Miss Out

    The market is heating up. BTC is hitting new highs. But the smartest investors aren’t just riding waves, they’re positioning for what powers the next one.

    AI isn’t coming — it’s already here, and Nimanode gives you the keys to deploy it.

    Get your $NMA while it’s still early.

    WEBSITE | TWITTER | TELEGRAM | WHITEPAPER

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. 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/2837a177-584e-4fbb-a555-a2b391b80284

    The MIL Network –

  • MIL-OSI Economics: Klaas Knot: A true treasure – why we need diversity and inclusion in the financial industry

    Source: Bank for International Settlements

    Welcome dear colleagues! Welcome to the conference and welcome to our renovated building.

    After several years of construction, De Nederlandsche Bank returned a few months ago to this updated version of our historic home. It is not only energy-efficient and sustainable, but also – quite unusual for a central bank – partially open to the public: on the ground floor, visitors can walk in to have a coffee, work, study, or simply look around.

    Look at our extensive art collection – as you can do later today – or visit the vault where we used to store our gold bars and our money. Now we call it the New Treasury and use it as an exhibition space where visitors can learn more about our role and responsibilities and explore our collection of historic banknotes, with a lot of European pre-euro examples. I hope you take the opportunity to visit the exhibition. 

    Of course I am convinced that the introduction of the euro was a positive change – I am the president of the Dutch Central Bank, after all – but despite everything we gained in this monetary union, we also lost something.

    In our banknotes we lost colour, individuality, diversity. Because the pre-euro banknotes all tell their own story. Of national identity, cultural heritage, time and place. They differ in colour, imagery, size; even in the feel of the paper.

    The Italian lira, with historic painters and sculptors: ornate and expressive.
    The German mark, with scientists and writers: inventive and efficient.
    The Dutch guilder, with colourful birds and sunflowers: bold and modernist.

    To name only a few.

    These banknotes remind us that diversity is not disorder.

    It is depth.
    It is opportunity.
    It is strength.

    The banknotes remind us that it is never one person, one idea that makes us strong.

    Our strength as nations, as the European Community, as financial institutions, is always the product of a flock of ideas, a blend of people, a collection of perspectives. 

    At De Nederlandsche Bank, our vision is ‘connected and diverse’. We believe that to safeguard financial stability and promote sustainable prosperity, we must reflect the society we serve – one that is increasingly complex, international, and indeed, diverse. That is why we aim for a workforce that mirrors the richness of our society.

    Diversity for us is sometimes broad and visible: diversity in gender, age and cultural heritage. But it can also be less visible: diversity in physical and mental ability, sexual orientation, faith, background, education. We don’t pursue diversity for appearances sake. We pursue it because it sharpens our thinking, deepens our dialogue, and improves our decision-making. Complex challenges – like climate risk, digital transformation, and geopolitical uncertainty – demand diverse perspectives. 

    That is not an abstract mission, but a commitment to tangible goals. We are aiming for full gender balance in our workforce and leadership by 2028.

    We are not there yet, we hope to hit our target if we can continue improving by 2% per year. Currently, women make up 43% of DNB’s management, and we are still working on this. We are using the updated definitions from the Dutch Statistical Office to improve cultural representation, with the aim of having 26% of our employees and managers come from a migrant background.

    We have achieved this on the work floor, but not yet in management, where the figure is currently just over 13%; so this is also a work in progress.

    We are making all this happen by translating our ambition for diversity and inclusion into our policies and daily work processes.

    And by keeping track of our progress. We believe – obviously – that data drives progress. What gets measured, gets managed.

    So we have established a Diversity Board to guide and accelerate our progress, and we measure our progress with a Diversity Dashboard. Recently, we published our Out & Proud Statement, in which we explicitly express our support for LGTBIQ+ inclusion and speak out against intolerance. Because there is a world to be gained, and in some cases, regained when it comes to LGTBIQ+ inclusion.

    I am saddened to see that LGTBIQ+ inclusion has declined in recent years in European countries and across the world. Statistics show decreasing support for LGTBIQ+ inclusion – also among younger people.

    We are seeing more frequent physical, verbal and online violence, and politicians are rolling back previously attained rights for LGBTIQ+ couples.This declining support and safety affects LGTBIQ+ people throughout society, including those working at central banks and other financial institutions.

    For our employees to reach their full potential, for them to make the best contribution to our work and mission and – not least – for us to fulfil our potential as an employer, our employees must feel safe, must be able to express themselves. That’s why we have to work together to become – and stay – diverse and inclusive organisations. And that requires the involvement of all of us.

    At DNB, we encourage this by empowering our internal networks, like Young DNB, DNB Pride, DNB International, Blended and Female Capital, but we also try hard to involve every employee outside those networks. Because only by involving everyone can we ensure that every colleague – regardless of who they are – feels seen, heard and valued.

    This is my call to action to you today:

    let’s talk, let’s exchange experiences, let’s exchange ideas to make this happen. For instance by ensuring that – where that is not already happening – we create space for internal networks, for LGBTIQ+ employee resource groups. And, even better, let’s create an international network for these groups, so they can strengthen each other, and by doing so, strengthen our organisations.

    Do you know what this is?

    After the introduction of the euro, we shredded all those beautiful old banknotes. We packed the shreds in small bags, which we handed out as souvenirs to visitors of DNB. One of our doormen used to say, with a big wink and a smile: “It’s a jigsaw puzzle.”

    But of course there is a lesson here: creating a diverse and inclusive workplace is a human-made jigsaw puzzle that we can only put together through human-made solutions.

    We have to look for and connect the diversity of our people. We have to ensure that human uniqueness is not just tolerated, but treasured in our financial institutions.

    Because only then can we truly claim to be resilient. Only then can we speak credibly in the public debate. Only then we can see the full picture: a financial sector that not only serves society – but represents it. 

    And our banknotes?

    There is good news on that front: the European Central Bank is preparing to introduce a new generation of euro banknotes. The ECB is consciously seeking to reflect more of the identities, histories and cultures of the people who use them.

    So once more – I hope – the designs will be colourful, representative and diverse. Because diversity does not weaken unity, it strengthens it. Not only in the European Union, not only in the financial sector, but for all of us.

    MIL OSI Economics –

  • MIL-OSI Economics: Sabine Mauderer: Price stability and climate change

    Source: Bank for International Settlements

    Check against delivery 

    1 Introduction 

    Ladies and gentlemen. 

    I am delighted to have the opportunity to open this conference today.

    I am sure, we all agree: climate change alters the environment in which central banks operate. 

    According to the NGFS long-term scenarios, unmitigated climate change leads to losses in global GDP of almost 15 % by 2050 – relative to a scenario without climate change. This is a conservative estimate, as it does not yet account for key risks, such as sea level rise and climate tipping points.

    Given the context of this conference, there is no need to give you any further examples about the relevance of climate change. Instead, allow me to briefly recap why and how we as central bankers need to deal with climate change: In doing so, I will focus on some of the most important aspects. 

    2 Physical impacts and climate policies

    Let me turn to the two dimensions of what we call “climate change” for short: the impacts of climate change itself, and the effects of our attempts to mitigate it. 

    Central banks monitor both dimensions because of their relevance for output and prices. This is why I highly appreciate that the impacts of physical risk and transition risk on inflation are at the core of today’s conference. 

    Let’s start with physical risks. 

    In addition to the consequences of gradual shifts in temperature patterns or sea level rise, acute physical risks such as hurricanes, droughts or floods can damage the economy, with impacts lasting beyond the short-term. As the timing, location and magnitude of such shocks are largely unpredictable, central banks are on high alert. 

    In theory, the direction of price developments depends on the balance between supply and demand. Severe weather events could affect either side. Supply-side disruptions tend to cause higher prices whereas a reduction in demand tends to entail lower prices. 

    Without pre-empting the work presented at this conference: As outlined in a recent technical paper by the NGFS1, the emerging empirical work on the linkage between weather shocks and inflation suggests that the upward pressure from the supply side dominates, for instance, for agricultural production.

    One key finding is that food prices tend to rise in the aftermath of a weather shock – associated with negative supply impacts – with some spillovers into overall inflation.2 Moreover, the specific nature of the shock matters, with nonlinear inflationary effects being documented in the case of heatwaves.

    The type of damages can differ as well: while heatwaves tend to impact labour and agricultural productivity, leaving the capital stock unaffected, severe storms tend to impair infrastructure, housing, and the capital stock of an economy.3

    There is also the second dimension – transition risk. Many jurisdictions have committed to decarbonise their economies. This goes hand in hand with substantial structural changes that can also pose risks for price stability. 

    But the picture emerging here is more mixed: the impact of a green transition on inflation depends on its drivers and how it unfolds in the economy. 

    Moreover, short and long-run effects can differ.

    What are these drivers? Let me briefly elaborate. 

    Depending on the policy mix, the pace of technological progress, changes in preferences and the role of international trade relations4 – to mention just a few main aspects – the transition will affect the supply and demand side of the economy in multiple ways. 

    Hence there is no straightforward answer to the question whether inflationary or disinflationary effects will dominate. A higher carbon price, for example, makes carbon intensive products and businesses more expensive. As a result, consumer price inflation may rise in the short-term. 

    Over the medium to long run, however, higher costs of brown products will make it more attractive to shift to greener production processes – and invest in innovative green technologies. 

    Green innovations, efficiency gains and maturing technologies, together with an increasing usage of clean energy, can drive energy costs and prices down over time.5 Therefore, inflationary pressures are likely to remain contained in the medium to long run, especially in the event of an orderly transition with predictable carbon prices.

    Along the way, central banks will have to make sure that inflation expectations remain well-anchored, as maintaining price stability is their core mandate.

    Accelerating the green transition is up to our governments, but price stability and a sound financial system are important facilitators of this process.

    3 Conclusion

    Ladies and gentlemen. 

    Our economies are facing multidimensional, unprecedented structural changes. The green transition is just one aspect. 

    At the current juncture, the approaching threats of climate change are overshadowed by other topics. We are all witnessing the shift in attention to artificial intelligence, tariffs and trade wars, and the rising geopolitical uncertainties.

    The many unknowns associated to these topics make strategic long-term decisions particularly challenging for policymakers, firms and households alike. 

    Yet, climate change is and remains an urgent issue that involves answering complicated questions. The physical principles of climate change have not changed. Climate change will not simply disappear if we try to ignore it.

    But we will get closer to a solution every day – if we tackle these questions courageously and analytically. 

    Events like this conference are important to keep the attention on the problem and to improve our understanding of climate risks.

    In this spirit, I wish you a successful and productive discussion.

    MIL OSI Economics –

  • MIL-OSI Russia: Hong Kong SAR IPOs this year total 76 billion Hong Kong dollars

    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

    HONG KONG, May 26 (Xinhua) — Chen Mao-bo, head of the Hong Kong Special Administrative Region’s Finance Department, said that since the beginning of this year to date, the Hong Kong Special Administrative Region has raised over 76 billion Hong Kong dollars through initial public offerings (IPOs) on the local stock exchange, an eight-fold increase compared to the same period last year and reaching about 90 percent of last year’s total.

    In an online report posted by the official on Sunday, he said that despite the uncertainties in the external environment, the Hong Kong SAR is making every effort to seize opportunities to play the role of a “super-connector” between China’s interior and the rest of the world.

    Last week, Hong Kong SAR hosted two major financial forums, with many foreign investors pledging to use Hong Kong to increase their asset allocation to the Chinese interior and the rest of Asia. The Hong Kong Stock Exchange also saw its largest IPO of the year last week.

    In addition, the Hong Kong Investment Management Company organized the first international forum on “patient capital”. Speaking at the forum, representatives of science and technology enterprises noted that the event allowed them to get acquainted with many potential investors and long-term funds, which will help accelerate the connection between capital and innovative science and technology enterprises.

    On May 23, the Hong Kong SAR’s relocation regulations came into effect. On the same day, a major international insurance company announced its intention to relocate to Hong Kong and make Hong Kong its place of registration.

    Chen Maobo noted that due to the excellent performance of the stock exchange, more and more companies are choosing to set up their headquarters, research centers and regional offices in the Hong Kong SAR, which in turn demonstrates the confidence of investors and enterprises in the Hong Kong SAR. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with New Zealand

    Source: IMF – News in Russian

    May 26, 2025

    Washington, DC – May 26, 2025: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with New Zealand on May 19, 2025.

    Tight monetary policy has helped bring inflation back to target, but at the expense of growth. Real GDP contracted by 0.5 percent y/y in 2024, as investment fell by 4.1 percent y/y, household consumption stagnated. The slowdown has been particularly pronounced in interest-rate-sensitive sectors including retail trade, construction, and manufacturing. The financial sector remains resilient despite rising non-performing loans. A recovery in external demand and improved terms of trade have helped narrow the current account deficit to 6.2 percent of GDP, though it remains above long-term trends. Despite a challenging economic backdrop, the government delivered modest fiscal consolidation in FY2023/24, with the primary deficit narrowing to 2.4 percent of GDP. Tight monetary policy helped bring inflation within the Reserve Bank of New Zealand (RBNZ)’s 1–3 percent target band in 2024Q3, after 13 consecutive quarters, with headline inflation reaching 2.5 percent y/y in 2025Q1. The RBNZ has thus eased the Official Cash Rate (OCR) several times since August 2024, bringing it closer to the neutral rate.

    The return of inflation to target is enabling monetary policy easing and a return to growth. Inflation is forecast to remain within the target band, allowing monetary policy to gradually move to a neutral stance. Real GDP is projected to expand by 1.4 percent y/y in 2025, with monetary policy easing providing a boost to consumption and investment. Growth is expected to accelerate to 2.7 percent y/y in 2026, as the lagged impact of lower interest rates is fully realized. Fiscal policy is expected to continue to balance needed medium-term consolidation with growth considerations. The government’s broad-based structural reform agenda is aimed at boosting medium-term productivity growth, including via reforms to attract foreign investment, enhance competition, reduce regulatory burdens, accelerate housing supply growth, and progress toward closing of the infrastructure gap.

    Risks to the outlook are tilted to the downside. Downside risks stem from a softer-than-expected recovery due to elevated global uncertainty and a weak labor market or the occurrence of a natural disaster. Upside risks include a stronger rebound in growth due to faster-than-expected monetary policy transmission. As a small open economy, New Zealand is vulnerable to trade disruptions, geoeconomic fragmentation, or a global economic slowdown.


    Executive Board Assessment[2]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed that the economy is showing signs of a nascent recovery and that inflation has returned to the Reserve Bank of New Zealand’s target, after a prolonged period of significant price pressures. Noting the country’s exposure to trade and investment shocks, Directors underscored the importance of maintaining prudent policies to safeguard macroeconomic stability and implementing ambitious structural reforms to address medium‑ and long‑term economic challenges.

    Directors commended the role of monetary policy in helping bring inflation back to target. They agreed that the current monetary policy easing is appropriate and should continue until reaching a neutral level, while remaining data‑dependent and responsive to economic conditions. Directors welcomed the expanded macroprudential toolbox and concurred that macroprudential tools should continue to be used to address financial risks that may emerge as policy rates are reduced.

    Directors agreed that fiscal policy should focus on growth‑friendly, medium‑term consolidation, while supporting the most vulnerable. They called for comprehensive revenue reforms that enhance efficiency and incentivize long‑term investment. Directors also encouraged the authorities to pursue expenditure reforms, including to the pension system, that are grounded in a cost‑benefit analysis.

    Directors agreed that financial stability risks are contained and recommended that household and financial balance sheets continue to be monitored closely. They welcomed progress in key reforms, notably the Depositor Compensation Scheme and the Deposit Takers Act. Directors noted the authorities’ efforts to increase banking competition and emphasized that prudential settings should remain adequately calibrated to guard against financial stability risks. Given housing shortages, they called for improving affordability and expanding housing supply and welcomed the reform efforts around resource management in these areas.

    Directors commended ongoing structural reforms to overcome slow productivity growth and boost long‑term growth. They welcomed the authorities’ plans to boost competition and innovation, reduce barriers to overseas financing, and deepen capital markets. Investing in infrastructure and enhancing resilience to natural disasters will also be needed.

    It is expected that the next Article IV Consultation with New Zealand will be held on the standard 12‑month cycle.



    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm .

    Table 1. New Zealand: Main Economic Indicators, 2021-30

    (Annual percent change, unless otherwise indicated)

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    Est.

    Projections

    NATIONAL ACCOUNTS

    Real GDP (production)

    5.7

    2.9

    1.8

    -0.5

    1.4

    2.7

    2.7

    2.2

    2.2

    2.2

    Domestic demand

    10.0

    4.5

    -0.8

    -0.8

    1.8

    2.6

    2.4

    2.1

    2.1

    2.0

    Private consumption

    7.9

    4.1

    1.0

    0.2

    1.0

    3.1

    3.0

    2.4

    2.4

    2.3

    Public consumption

    7.9

    5.2

    0.8

    0.0

    0.5

    0.5

    0.5

    0.7

    0.8

    0.8

    Investment

    17.2

    4.1

    -5.4

    -4.1

    2.4

    3.2

    2.7

    2.3

    2.1

    2.1

    Public

    6.2

    3.6

    10.2

    0.5

    0.3

    2.3

    2.5

    2.8

    2.8

    2.8

    Private

    12.6

    4.3

    -3.2

    -6.5

    1.9

    3.5

    2.7

    2.1

    1.7

    1.8

    Private business

    14.5

    7.3

    -2.2

    -5.0

    2.6

    3.5

    2.8

    2.1

    1.6

    1.6

    Dwelling

    8.6

    -2.3

    -5.6

    -10.1

    0.0

    3.6

    2.3

    2.4

    2.1

    2.4

    Inventories (contribution to growth, percent)

    1.4

    0.0

    -1.4

    0.2

    0.2

    0.0

    0.0

    0.0

    0.0

    0.0

    Net exports (contribution to growth, percent)

    -4.8

    -1.6

    2.6

    0.3

    0.3

    -0.1

    0.0

    0.0

    0.0

    0.0

    Real gross domestic income

    5.0

    2.3

    1.1

    0.3

    2.9

    3.1

    2.8

    2.4

    2.3

    2.3

    Investment (percent of GDP)

    25.0

    26.3

    24.2

    23.1

    23.4

    23.4

    23.3

    23.2

    23.1

    23.1

    Public

    5.7

    5.9

    6.5

    6.4

    6.3

    6.2

    6.2

    6.2

    6.2

    6.2

    Private

    19.4

    20.4

    17.8

    16.7

    17.1

    17.2

    17.1

    17.0

    16.9

    16.8

    Savings (gross, percent of GDP)

    19.0

    17.1

    17.3

    16.9

    18.3

    18.8

    19.0

    19.2

    19.4

    19.6

    Public

    -3.5

    -4.2

    -3.5

    -4.4

    -5.1

    -3.9

    -2.5

    -1.4

    -0.4

    0.0

    Private

    22.5

    21.3

    20.9

    21.3

    23.4

    22.7

    21.5

    20.6

    19.9

    19.6

    Potential output

    1.5

    1.9

    2.2

    2.2

    2.2

    2.2

    2.2

    2.2

    2.2

    2.2

    Output gap (percent of potential)

    1.8

    2.7

    2.4

    -0.3

    -1.1

    -0.6

    -0.1

    0.0

    0.0

    0.0

    LABOR MARKET

    Employment

    2.2

    1.7

    3.3

    -0.1

    0.7

    1.5

    2.0

    1.7

    1.3

    1.5

    Unemployment (percent of labor force, ann. average)

    3.8

    3.3

    3.7

    4.7

    5.3

    5.2

    4.7

    4.3

    4.5

    4.4

    Wages (nominal percent change)

    3.8

    6.5

    7.0

    4.6

    4.3

    3.9

    3.3

    3.3

    3.0

    3.0

    PRICES

    Terms of trade index (goods and services, % change)

    -1.0

    -3.1

    -3.4

    2.9

    1.9

    1.3

    0.5

    0.4

    0.2

    0.1

    Consumer prices (avg, % change)

    3.9

    7.2

    5.7

    2.9

    2.4

    2.3

    2.2

    2.0

    2.0

    2.0

    GDP deflator (avg, % change)

    3.0

    5.8

    5.1

    3.6

    3.2

    2.8

    2.2

    2.2

    2.2

    2.1

    MACRO-FINANCIAL

    Official cash rate (policy rate, percent, avg)

    0.3

    2.2

    5.2

    4.7

    3.6

    3.3

    3.3

    3.3

    3.3

    3.3

    Credit to the private sector (percent change)

    6.1

    4.3

    0.1

    1.6

    3.2

    5.6

    4.5

    4.0

    3.9

    4.0

    Interest payments (percent of disposable income)

    5.3

    6.3

    8.5

    8.1

    7.3

    7.2

    7.0

    6.9

    6.9

    6.9

    Household savings (percent of disposable income)

    3.6

    3.3

    2.7

    2.5

    2.4

    2.3

    2.9

    3.6

    4.4

    5.1

    Household debt (percent of disposable income)

    174

    173

    168

    166

    160

    160

    159

    158

    157

    157

    GENERAL GOVERNMENT (percent of GDP) 1/

    Revenue

    37.6

    38.8

    37.0

    38.7

    37.6

    37.5

    37.5

    37.7

    37.9

    38.0

    Expenditure

    40.0

    43.3

    40.9

    41.9

    43.1

    42.3

    40.5

    39.7

    38.8

    38.0

    Net lending/borrowing

    -2.5

    -4.4

    -3.9

    -3.2

    -5.5

    -4.8

    -3.1

    -2.0

    -0.9

    0.0

    Operating balance

    -0.3

    -2.2

    -1.7

    -0.7

    -3.0

    -2.5

    -0.8

    0.1

    1.1

    1.9

    Cyclically adjusted primary balance 2/

    -2.8

    -4.2

    -3.7

    -3.4

    -3.6

    -2.9

    -1.4

    -0.2

    1.1

    2.0

    Gross debt

    46.0

    48.6

    45.8

    48.4

    53.2

    56.4

    59.0

    58.8

    57.5

    55.1

    Net debt

    10.6

    17.0

    19.0

    19.8

    23.5

    26.4

    28.0

    28.6

    28.0

    26.4

    Net worth

    94.6

    102.0

    96.3

    94.4

    87.1

    81.3

    77.3

    74.8

    73.5

    73.0

    BALANCE OF PAYMENTS

    Current account (percent of GDP)

    -6.0

    -9.2

    -6.9

    -6.2

    -5.1

    -4.6

    -4.3

    -3.9

    -3.7

    -3.5

    Export volume

    -2.3

    -0.5

    11.0

    4.1

    3.9

    3.9

    4.1

    4.0

    4.2

    4.2

    Import volume

    14.5

    4.7

    -0.4

    2.4

    2.0

    3.5

    3.2

    3.3

    3.4

    3.4

    Net international investment position (percent of GDP)

    -47.9

    -52.5

    -51.3

    -49.4

    -52.1

    -54.0

    -55.8

    -57.3

    -58.6

    -59.6

    Gross official reserves (bn US$)

    16.4

    13.7

    14.8

    23.2

    …

    …

    …

    …

    …

    …

    MEMORANDUM ITEMS

    Nominal GDP (bn NZ$)

    353

    385

    413

    427

    448

    472

    496

    518

    540

    564

    Percent change

    9.0

    9.2

    7.1

    3.4

    4.9

    5.5

    4.9

    4.4

    4.4

    4.3

    Nominal GDP per capita (US$)

    48,845

    47,819

    48,360

    48,448

    47,158

    49,022

    50,472

    51,643

    53,044

    54,378

    Real gross national disposable income per capita (NZ$)

    54,586

    55,293

    54,662

    53,632

    54,724

    55,635

    56,458

    57,044

    57,611

    58,081

    Percent change

    3.7

    1.3

    -1.1

    -1.9

    2.0

    1.7

    1.5

    1.0

    1.0

    0.8

    Population (million)

    5.1

    5.1

    5.2

    5.3

    5.4

    5.5

    5.5

    5.6

    5.7

    5.8

    US$/NZ$ (average level)

    0.708

    0.636

    0.614

    0.605

    …

    …

    …

    …

    …

    …

    Nominal effective exchange rate

    109.9

    106.5

    105.0

    104.9

    …

    …

    …

    …

    …

    …

    Real effective exchange rate

    107.6

    105.5

    105.7

    106.1

    …

    …

    …

    …

    …

    …

    Sources: Authorities’ data and IMF staff estimates and projections.

    1/ Fiscal year.

    2/ In percent of potential GDP.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

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

    https://www.imf.org/en/News/Articles/2025/05/23/pr25159-imf-executive-board-concludes-2025-article-iv-consultation-with-new-zealand

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Global: Promoting social inclusion through pet companionship

    Source: The Conversation – Canada – By Renata Roma, Postdoctoral Fellow, Center of Behavioural Sciences and Justice Studies/Pawsitive Connections Lab, University of Saskatchewan

    The benefits of pet companionship have been widely researched and celebrated.

    Pets can improve our mood and immune system. They can also encourage staying active and fit, offer emotional comfort and companionship, and foster social connections. Pets can even increase life expectancy.

    Unfortunately, pet companionship is not always easily accessible to everyone. Several groups face hurdles when it comes to sharing time or living with a pet. Some of the hurdles that people can face when accessing pets include the lack of pet-friendly housing and financial resources to afford pet food and veterinary care.

    There can also be more concrete barriers to pet companionship, such as no-pet clauses in rental agreements or no-pet policies in retirement homes.

    As we strive for social equality, it is essential to address hurdles that prevent some people from experiencing the known benefits of spending time or living with a pet.

    Challenges and misconceptions

    Several factors can make pet companionship less accessible. Some of these factors include lack of appropriate housing and lack of financial resources for pet food and pet-related veterinary services. A Canadian survey found that new immigrants and young people aged 18 to 34 years are the groups most affected by these factors and, often, elderly people experience housing-related and financial challenges.

    For pet guardians, the inability to pay for grooming services, food or health-care services can create feelings of distress and, for their pets, this can lead to a reduced quality of life. In this case, we see that the well-being of both pet guardians and their beloved pets can be compromised.

    Moreover, some studies link higher income to an increased likelihood of living with companion animals. When it comes to economic factors, it is concerning that some believe certain groups of people should not be pet guardians. The Michelson Found Animals Foundation highlights several misconceptions about living with companion animals, which are often associated with financial hardships.

    For example, some people believe that people who live in apartments, rather than homes with backyards and green space, should only have small dogs as pets. However, this belief ignores a dog’s energy level as some small dogs are highly energetic while some big dogs are less energetic. This belief also does not consider the guardian’s ability to provide mental and physical stimulation for their dog.

    Still other people believe that if someone cannot afford the costs associated with caring for a pet, they should not have a one. This belief only reinforces social inequalities and reflects a deeper form of discrimination.

    Financial problems and housing restrictions may force people to give up their pets, and this is an emotionally difficult decision. Research by Christine Yvette Tardif-Williams, one of the authors of this story, with childhood and youth researcher Rebecca Raby and graduate students at Brock University shows how homeless children often navigate feelings of emotional intimacy towards their pets alongside feelings of loss and grief. In this research, homeless children shared stories about missing or losing companion animals either through separation or death.

    Research also shows that most people experiencing homelessness are responsible pet guardians, and that their pets are often very healthy and that they too benefit from human companionship — it’s a mutually beneficial, two-way emotional connection.

    A more equitable future in pet companionship

    Pet companionship and systemic inequalities are interconnected. For instance, many socioeconomically disadvantaged and marginalized families and communities — including, but not limited to, racialized, Indigenous, homeless, immigrant and refugee families and their children — face barriers to pet companionship.

    We need targeted strategies and policies to reduce the barriers faced by these families and communities. It is important to create more opportunities for people and pets to live together. This can help us to address social inequality in pet companionship among diverse groups.

    Some studies highlight the need for increasing access to free or low-cost veterinary care. Making shelters and housing more pet-friendly is also essential. Promoting campaigns to reduce misconceptions about pet companionship among diverse groups of people is another key strategy.

    One example of a program that helps make pet companionship more accessible is Community Veterinary Outreach (CVO).This is a registered charity located across different provinces in Canada. They provide health care for people and preventive care for pets. They also run education programs covering topics such as animal behaviour, nutrition, and dental care. Together, these services help to support vulnerable populations living with pets.

    Another example is the PetCard program, a Canadian financing program that offers flexible options for people to split the payment of veterinary-related services.



    Read more:
    How ‘One Health’ clinics support unhoused people and their pets

    However, we need more consistent collaborative work that begins by raising awareness about the importance of pet companionship for diverse groups of people. Expanding this discussion can help us design fairer policies about pet companionship, foster social justice and bring communities together.

    Overlooking the relevance of this discussion can reinforce discriminatory views around pet companionship.

    Supporting pet companionship

    It is problematic when access to pet companionship is restricted due to a family’s economic status or housing opportunities, since it means they’re less likely to experience the well-being benefits of pet companionship. In this way, pet-related benefits are limited to a select and privileged group.

    We can help people and animals build meaningful bonds by promoting equitable access to companionship. The needs of pets must also be prioritized in any effort to increase access to pet companionship. This means making sure pets’ physical and emotional needs are met and that they also benefit from the human-pet bond. Pets’ well-being and rights should always come first when making pet companionship more accessible.

    To create a fair approach to supporting pet companionship among diverse populations, we need to balance human and pet needs and ensure the well-being of both humans and their pets.

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

    – ref. Promoting social inclusion through pet companionship – https://theconversation.com/promoting-social-inclusion-through-pet-companionship-255089

    MIL OSI – Global Reports –

  • MIL-OSI: Best Senior Dating Sites & Mature Dating Apps: Senior Match Review for 50+ Singles

    Source: GlobeNewswire (MIL-OSI)

    Vaughan, Ontario, May 26, 2025 (GLOBE NEWSWIRE) — Introduction: Why Senior Dating Is Thriving in 2025

    As people live longer, healthier lives, the desire for meaningful companionship well into our 50s, 60s, and beyond has become more common. Online platforms tailored for mature adults have grown rapidly, offering new ways to connect and form lasting bonds. Among these options, Senior Match has built a reputation as one of the most trusted platforms for older singles.

    ⇒ Join the Best Senior Match Website for Free!

    In this review, we’ll explore how Senior Match works, what makes it stand out in the senior dating space, and whether it’s the right platform for you. Whether you’re newly single, divorced, or just ready to meet someone who understands your life stage, this guide covers everything you need to know.

    What Is Senior Match? Overview & Background

    Senior Match is an online dating service specifically designed for individuals aged 50 and above. Launched in 2001, the platform has maintained a clear mission: to create a safe and welcoming environment where mature singles can find love, friendship, and travel companions.

    With over one million registered members and thousands of active users weekly, Senior Match stands out for its age-focused community and straightforward approach. Unlike multi-age platforms, it doesn’t admit members under 45, which keeps interactions relevant and aligned with the interests of older adults.

    The platform is accessible via both desktop and mobile apps, offering flexibility for users regardless of their tech preferences.

    Mature Dating Made Simple – Discover Matches Near You on Senior Match

    Who Should Join Senior Match? Target Audience

    Senior Match is built for adults over 50 who are looking for a relationship, casual companionship, or new friendships. The community includes retirees, professionals, widowers, and individuals who want to re-engage with the dating world at their own pace.

    It’s also suitable for those who value personal connections, maturity, and thoughtful conversations over swiping-based interactions. However, while it accommodates a wide range of relationship goals, it’s more geared toward meaningful engagement than short-term flings.

    For LGBTQ+ seniors, the site does offer some functionality but remains predominantly focused on heterosexual dating, which may limit experience diversity in that area.

    Platform Features: How Senior Match Works

    Senior Match offers a clean, intuitive interface that’s easy to navigate. Registration is quick, requiring basic details such as age, location, interests, and a profile picture. Once set up, users can access various features:

    • Search Filters: You can filter potential matches by age, region, lifestyle habits, and personal values. Free users access basic filters, while premium members enjoy advanced sorting options.
    • Match Suggestions: Unlike algorithm-driven matches, Senior Match allows users to browse profiles at their own pace. This manual process encourages more thoughtful engagement.
    • Communication Tools: Members can send winks, add favorites, and reply to messages. Direct messaging is reserved for upgraded accounts.
    • Community Features: The platform includes blog posts, senior dating advice, safety tips, and even first date ideas — contributing to a more holistic dating experience.
    • Mobile App: The app mirrors the website’s functionality and is available for Android and iOS. While not as flashy as modern dating apps, it performs reliably for messaging and profile browsing.

    Finally, a Senior Dating Site That Gets You — Try Senior Match Today!

    Free vs Paid Membership: What Do You Get?

    The free version of Senior Match allows users to create a profile, browse other members, send limited winks, and participate in blog discussions. However, direct communication with other users — including replying to messages — is locked behind the paid tier.

    Upgrading to a premium plan unlocks full messaging capabilities, access to who viewed your profile, and advanced search options. It also boosts visibility, placing your profile higher in search results and giving you a greater chance of being seen.

    While the free version is a good starting point, most users eventually move to premium for a fuller experience.

    Senior Match Pricing & Plans (Updated 2025)

    Senior Match offers three premium subscription options as of 2025:

    • 1 Month Plan: $29.95
    • 3 Month Plan: $59.95 ($19.98/month)
    • 6 Month Plan: $95.95 ($15.99/month)

    These plans are competitively priced within the senior dating market. The six-month plan offers the best value, especially for users committed to finding a match over time.

    Subscriptions auto-renew by default, so it’s important to manage your billing settings if you prefer not to continue. Refunds are not guaranteed, so consider starting with a short-term plan if you’re trying it for the first time.

    Ready for Real Connection? Join the Best Senior Dating Site Now!

    User Safety, Privacy & Verification

    Senior Match emphasizes user safety, especially for an audience that may be more vulnerable to online scams. All new profiles undergo manual review before being published, and uploaded photos must meet content guidelines.

    The platform has tools to block users, report suspicious activity, and protect personal data. Email verification is required to complete signup, and user information is never publicly displayed beyond profile basics.

    Unlike some mainstream apps, Senior Match is relatively free of bots or fake accounts — a point highlighted in many external reviews.

    Real Senior Match Reviews & Testimonials

    Below are experiences shared by users on platforms like RetirementLiving and the official Senior Match site:

    Marsha D., 62 – Austin, TX
    “I joined out of curiosity and ended up meeting someone special within a few weeks. The site feels safe, and I appreciated how simple everything was.”

    Robert F., 68 – St. Petersburg, FL
    “The profile setup was quick, and I like how it’s tailored for people like me. Conversations feel more mature and respectful than what I experienced on other platforms.”

    Helen M., 59 – Sacramento, CA
    “I wish the free plan had more features, but the upgrade was worth it. I’ve had meaningful chats and even gone on a few dates.”

    Douglas S., 73 – Boston, MA
    “It’s nice to have a dating app where you don’t feel out of place. No one here is playing games, and that’s what I wanted.”

    Patricia K., 65 – Chicago, IL
    “Customer support was responsive when I had trouble logging in. That gives me confidence in the site’s credibility.”

    Disclaimer: This review includes general information and user feedback. Results may vary. This is not a paid endorsement, but we may earn a commission if you register through links on this page.

    The Mature Dating Site Everyone’s Talking About in 2025 – Don’t Miss Out!

    Pros and Cons of Senior Match

    Pros:

    • Exclusively for adults over 50
    • Clean, easy-to-use interface
    • Manual profile approval for added safety
    • Helpful community blog and dating tips

    Cons:

    • Messaging limited to premium users
    • No video call features
    • Not ideal for LGBTQ+ matchmaking

    Senior Match vs Other Senior Dating Sites

    Here’s how Senior Match stacks up against its main competitors:

    Senior Match vs OurTime

    • OurTime has a broader audience but includes users under 50
    • Senior Match offers a more age-focused environment
    • OurTime has more ads and upsells

    Senior Match vs SilverSingles

    • SilverSingles uses a personality test for matching
    • Senior Match offers more browsing freedom
    • SilverSingles is better for long-term matchmaking, but Senior Match feels less rigid

    Senior Match vs eHarmony 50+

    • eHarmony has a higher subscription fee and a longer sign-up process
    • Senior Match gets users into conversations faster
    • Both are serious about relationship-focused dating

    Bottom Line: If you’re over 50 and want a platform exclusively tailored to your age group with less clutter, Senior Match delivers that niche experience better than its competitors.

    Thousands over 50 are finding love on Senior Match – what are you waiting for?

    Senior Match Mobile App Review (iOS & Android)

    The Senior Match mobile app retains all major website features in a compact format. While the design isn’t flashy, users praise its simplicity — which benefits those who may not be tech-savvy.

    Features include:

    • Profile browsing
    • Messaging (for premium users)
    • Daily match suggestions
    • Account management

    Both the iOS and Android versions receive favorable reviews, with most complaints relating to occasional bugs rather than core functionality.

    Tips for Getting the Most Out of Senior Match

    Here are practical ways to make your experience more successful:

    • Craft a strong profile: Use clear photos and honest, warm descriptions.
    • Be proactive: Don’t wait for others to message — send winks or thoughtful messages.
    • Stay safe: Avoid sharing personal details too early and use in-app communication only.
    • Engage in community blogs: Sharing thoughts on relationships and senior life can attract attention.
    • Be patient: Finding the right person takes time, especially when your standards are higher.

    Why Settle? The Best Senior Dating Site Is Waiting – Explore Now

    Frequently Asked Questions (Senior Match FAQs)

    Q1: Is Senior Match completely free?
    You can browse and create a profile for free, but messaging and advanced features require a paid subscription.

    Q2: How do I cancel auto-renewal?
    Go to Account Settings → Subscription → Turn off auto-renewal.

    Q3: Is Senior Match available on mobile?
    Yes, you can download it from the App Store or Google Play.

    Q4: What’s the average user age?
    Most users are between 55 and 70 years old.

    Q5: Can I block or report someone?
    Yes, the platform allows blocking and reporting directly from the user’s profile.

    Q6: Are there fake profiles?
    Manual review helps keep the site clear of bots, though vigilance is still advised.

    Q7: Can I use it internationally?
    Yes, although the majority of users are based in the U.S., there are global members.

    Q8: Is the platform LGBTQ+ friendly?
    Support is limited; it caters more to heterosexual matchmaking.

    Q9: Can I upload multiple photos?
    Yes, profiles support several images for better visibility.

    Senior Match Success Stories: Real-Life Connections That Lasted

    Nothing showcases the platform’s value better than real success stories. Senior Match features numerous testimonials from couples who met through the platform and went on to build lasting relationships.

    Barbara & Greg – Atlanta, GA
    After joining the platform in early 2023, Barbara connected with Greg within the first month. They began chatting daily, bonding over books and weekend gardening. After six weeks, they decided to meet for coffee — now they’re planning a cross-country road trip together.

    Deborah & Alan – Scottsdale, AZ
    Deborah, a 64-year-old retired teacher, was hesitant to try online dating. But Senior Match’s user-friendly design helped her ease into the process. She met Alan, 67, and the two now enjoy art shows and salsa classes every week.

    James & Carol – Naples, FL
    Both divorced in their 60s, James and Carol had almost given up on dating. Their connection started with a shared interest in photography. Today, they’re both exploring Europe — with travel photos featured on their joint blog.

    These stories aren’t rare. They represent a growing trend of successful long-term connections initiated online — especially when platforms are designed with mature adults in mind.

    Swipe Less, Connect More – The Mature Dating App Seniors Trust

    2025 Trends in Senior Dating & What They Mean for You 

    The senior dating world has evolved dramatically in recent years. In 2025, new trends are shaping how people over 50 approach relationships online:

    1. Increased Mobile Use Among Seniors

    More users over 60 are using mobile dating apps. Senior Match’s mobile compatibility keeps pace with this shift, offering a smooth user experience on smartphones and tablets.

    2. Video Introductions (Still Lacking on Senior Match)

    Many modern dating apps now feature short video intros — something Senior Match doesn’t currently offer. Users seeking that feature may find it missing here, though the blog and profile space allow for a deeper self-description.

    3. AI-Powered Match Suggestions

    Platforms are beginning to adopt AI to suggest compatible matches. While Senior Match doesn’t use AI algorithms, this may be an area for future improvement.

    4. Offline Meetups & Events

    Many seniors now expect platforms to host virtual or in-person social events. Senior Match currently doesn’t organize community meetups, but the messaging tools do support arranging them independently.

    5. Voice and Phone-Based Connections

    Some services now allow users to talk directly via app-based calls. This is not yet offered by Senior Match, which relies entirely on text-based chat.

    While not the most tech-advanced, Senior Match remains a reliable and trusted platform for those who value simplicity, safety, and connection.

    Meet Local Singles on the Senior Dating Site Built for Real Relationships

    Senior Match for Divorced & Widowed Singles

    Many members on Senior Match are navigating the dating scene after a significant life change, such as divorce or the loss of a spouse. This platform provides a space where emotional maturity, patience, and shared life experiences are deeply appreciated.

    For Divorced Singles:
    The transition from a long-term relationship to single life again can be overwhelming. Senior Match allows individuals to re-enter the dating world at their own pace. The ability to take things slowly, read detailed profiles, and communicate before meeting in person makes it easier to rebuild trust and confidence.

    For Widowed Members:
    Grief can make starting over daunting. What stands out about Senior Match is its respectful community, where users understand the value of second chances. Many profiles openly state if someone is widowed, helping to foster understanding and empathy.

    Tips for Success:

    • Be honest about your relationship history in your profile
    • Focus on shared values rather than rushing into romance
    • Use the blog and advice sections for inspiration on reentering dating

    Whether you’re looking for companionship, friendship, or romance, Senior Match gives divorced and widowed users a soft landing and new beginning.

    Fall in Love Again with the #1 Senior Dating Site Online

    Senior Match Photo Guidelines & Profile Tips

    Your profile is your first impression, and on a platform like Senior Match, a thoughtful presentation can make all the difference. Here’s how to stand out:

    Profile Photo Tips

    • Use a recent photo: It builds trust and avoids awkward surprises.
    • Smile naturally: A warm expression invites conversation.
    • Avoid filters: Authenticity resonates with this audience.
    • Dress neatly: Casual yet polished photos perform best.

    About Me Section

    • Write in first person: “I enjoy morning walks…”
    • Mention lifestyle habits: travel, hobbies, favorite books or activities
    • Keep it concise but personal — avoid clichés

    What You’re Looking For

    • Be clear if you’re seeking a serious relationship or companionship
    • Mention non-negotiables kindly (e.g., non-smoker, pet lover)

    This section is your personal space to shine. It’s not about being perfect — it’s about being real. A profile that reflects who you are today (not who you were 10 years ago) will connect better.

    How to Stay Safe When Meeting Matches Offline

    Meeting someone from an online platform in real life can be exciting — and nerve-wracking. Senior Match encourages users to stay cautious and informed.

    Key Safety Tips:

    • Always meet in a public place: Coffee shops, parks, or restaurants are great choices.
    • Tell a friend or family member your plans: Share the location and expected time of return.
    • Use your own transportation: Maintain independence and flexibility.
    • Avoid alcohol on the first meeting: Stay alert and in control.
    • Keep personal items secure: Don’t leave phones, bags, or medication unattended.

    Red Flags to Watch For:

    • Pressuring to meet privately or too soon
    • Evasive answers to simple questions
    • Financial requests or emotional manipulation

    Senior Match itself doesn’t arrange in-person events, so all meetups are independently planned. Use good judgment, take your time, and trust your instincts.

    Your Next Chapter Starts Here – Find Companionship on a Leading Senior Dating Site

    How Senior Match Supports Travel Companionship Connections

    Senior Match isn’t just about finding romantic partners — it’s also a hub for seniors looking for travel buddies and companions to explore the world with.

    Many users specify in their profile whether they enjoy traveling or are looking for someone to accompany them on trips. Whether it’s a domestic road trip, a cruise, or international adventure, finding someone with similar travel interests can be easier than you think.

    How to Highlight Travel Interests:

    • Add destinations you’ve visited or dream of exploring
    • Mention whether you prefer solo-style exploration or guided tours
    • Include photos from past travels in your gallery

    By using travel-related keywords and filtering profiles with shared travel goals, Senior Match users can connect with others who are equally adventurous. It’s a great way to turn wanderlust into connection — even if romance isn’t the primary goal.

    Senior Match Customer Support & Community Engagement

    While many platforms rely on automated support, Senior Match offers responsive assistance for both technical and account-related queries.

    Support Features Include:

    • Email support for billing or login issues
    • FAQ section covering subscriptions, safety, and account settings
    • Manual profile/photo review with guidelines available on-site

    The platform’s blog and dating advice section also act as informal community spaces. Users can read posts on confidence, senior lifestyle, or dating etiquette — all geared toward a mature audience.

    Though it doesn’t have a public forum or direct peer-to-peer threads, Senior Match’s clean layout makes support resources easy to locate. The ability to reach out directly when something goes wrong (or simply ask for help) contributes to overall user satisfaction.

    Experience Real Conversations – Try the Senior Dating Site That Works

    How to Identify a Genuine Profile on Senior Match

    With thousands of members active each week, it’s important to know how to distinguish between genuine and questionable profiles. Senior Match makes efforts to verify new accounts, but here’s how you can spot sincerity from the start.

    ✅ Traits of a Genuine Profile:

    • Multiple, recent photos: Real members usually share at least two or three clear images.
    • Complete bios: A real profile will include hobbies, background, and what the person is looking for.
    • Message depth: Responses that reflect your profile or ask personal questions are a good sign.
    • Consistent tone: Watch for people who answer clearly and consistently without copy-paste replies.

    Red Flags:

    • No profile photo or only one overly polished image
    • Vague responses like “I like you” or “You’re special” without context
    • Fast attempts to move the conversation off-platform
    • Profiles that seem too perfect or too broad

    Always trust your instincts. Senior Match gives you tools like “Favorites” and “Viewed Me” to gauge interest and interaction patterns over time.

    Finally, a Senior Dating Site That Gets You — Try Senior Match Today!

    How to Spot Romance Scams and Stay Protected

    While Senior Match works to keep scammers out, no platform is completely immune. Older users, especially those new to online dating, can be vulnerable to deception.

    Common Romance Scam Tactics:

    • Claims of love too soon, within a few messages
    • Excuses to avoid video calls or in-person meetings
    • Financial stories: sudden emergencies, medical bills, or travel issues
    • Long, emotionally charged messages early on

    How to Stay Safe:

    • Never send money or gift cards to someone you haven’t met
    • Don’t share financial or personal information (e.g., social security number, address)
    • Use Senior Match’s messaging tools until you’re fully comfortable
    • Report any suspicious activity immediately

    Senior Match provides a “Report” button on all profiles. It’s your right to use it when something doesn’t feel right. Staying cautious doesn’t mean being fearful — it means protecting your time and peace of mind.

    Long-Distance Dating on Senior Match: Does It Work?

    Many seniors are open to connecting with people outside their hometown. Whether it’s due to relocation plans, retirement travel, or simply wanting a larger pool of matches, long-distance dating is increasingly common.

    Tips for Long-Distance Connections:

    • Use the search filters to widen your location radius
    • Clarify upfront whether travel is possible — for you and your match
    • Stay consistent with messaging, video calls, and occasional surprises
    • Plan realistic in-person meetings after trust has been built

    Some users even relocate after finding a strong connection. Others agree to meet halfway or take turns visiting. The key is managing expectations and ensuring both people are equally invested.

    Senior Match doesn’t provide location match alerts, so it’s up to you to use filters and keywords (like “willing to relocate”) to find those with shared flexibility.

    Meet Real People, Not Games – Join the Best Mature Dating Site Online

    How to Break the Ice on Senior Match

    Starting a conversation on a dating site can feel awkward, but Senior Match users tend to appreciate kindness, clarity, and directness.

    Here’s how to open with impact:

    • Reference something in their profile: “I noticed you enjoy hiking. Have you visited any trails recently?”
    • Compliment with context: “You have a great smile — and your dog looks adorable too!”
    • Use humor, gently: A light joke can disarm tension but keep it respectful
    • Ask thoughtful questions: “What’s one place you’ve always wanted to visit?”

    What to Avoid:

    • “Hi” or “How are you?” with no follow-up
    • Overly flirty or romantic lines too soon
    • Asking for phone numbers in the first message

    A great icebreaker shows that you’ve read the person’s profile and are genuinely interested in them as a person, not just their photo.

    How Senior Match Protects Against Fake Bots

    Unlike many free or younger-focused apps, Senior Match maintains a strict policy against fake accounts and spam bots. Here’s how the platform keeps things authentic:

    Key Safety Measures:

    • Manual Review: All profiles and photos go through a human approval process
    • No Instant Messaging: Members must mutually engage before deeper messaging occurs, reducing bot intrusion
    • Email Verification: New users must confirm their email to activate the account
    • Report and Block Tools: Easily remove unwanted messages or suspicious profiles from your view

    While no platform is entirely bot-free, Senior Match maintains a clean user base through consistent moderation. Users frequently note that they feel safer and more respected here than on mainstream dating sites where automation is more prevalent.

    If you do come across a suspicious profile, use the “Report” feature — the team usually responds quickly.

    You’re not too late. The best Senior Dating Site is still growing fast

    What Happens After You Find a Match?

    Finding someone you genuinely connect with is a rewarding moment — but what happens next? Senior Match doesn’t pressure users to delete their profiles once they pair up, so you can take the next step at your own pace.

    Steps After a Successful Match:

    • Start planning offline meetups: Choose neutral, public locations for first meetings
    • Exchange contact info safely: After a few conversations, you may decide to move communication off the platform
    • Decide if you want to pause your account: Senior Match allows account suspension without deletion
    • Update your profile: If you’re seeing someone exclusively, note it in your profile or set your visibility to “off”

    Many users keep their account active as a backup or simply to stay connected with friends. Whether your journey ends with one match or multiple experiences, Senior Match supports your choices without pressure.

    Senior Match as a Platform for Friendship, Not Just Romance

    Not every user on Senior Match is looking for romantic love. A large segment of the community joins to find companionship, friendship, or activity partners in their area.

    Some are widowed and not ready to date again, while others are relocating and looking to expand their social circle. The platform allows users to clearly indicate their goals in their profile, whether that’s:

    • Coffee meetups
    • Shared travel adventures
    • Fitness partners
    • Conversation buddies

    Don’t miss your chance to join the most trusted Mature Dating App in 2025

    How to Attract Friendship-Based Matches:

    • Select “Friendship” in your relationship goals
    • Mention social hobbies like gardening, hiking, or cooking classes
    • Include warm, approachable language in your profile description

    This makes Senior Match feel more like a community than a typical dating app — perfect for seniors who value meaningful human connections in all forms.

    How to Get Noticed More on Senior Match

    Getting more profile views — and more messages — often comes down to a few simple tweaks. Here’s how to stand out without feeling like you’re advertising yourself.

    Actionable Tips:

    • Update your profile regularly: Fresh edits bring your profile back to the top of search results
    • Upload 3–5 quality photos: Include a mix of smiling headshots and activity-based shots
    • Be active in the blog section: Commenting or posting shows engagement, which others notice
    • Reply promptly: Timely responses keep momentum going and improve visibility
    • Use “winks” daily: They’re free and show casual interest without pressure

    Also, experiment with messaging during off-peak hours (early morning or late evening). This helps your messages stand out in a smaller batch of incoming notes. Users who take 10–15 minutes each day to engage meaningfully often see the best results.

    Your Next Chapter Starts Here – Find Companionship on a Leading Senior Dating Site

    Senior Match Premium: Is It Worth It Long-Term?

    While the free version of Senior Match is a great way to explore the platform, most users find the full experience opens up only with a paid membership.

    What You Gain with Premium:

    • Unlimited messaging: Essential for building relationships
    • Who viewed your profile: Helps prioritize outreach
    • Advanced search filters: Narrow matches by interests, lifestyle, or location
    • Boosted visibility: Appear more frequently in search results

    Users who subscribe for 3 or 6 months report a higher success rate than those on shorter plans. If you’re serious about finding a connection — whether romantic or platonic — the cost pays off in time saved and improved engagement.

    Long-Term Value:

    • You can always pause your subscription if needed
    • Great for those who plan to actively date, not just browse
    • Less costly than traditional dating methods (travel, event-based matchmaking)

    For seniors ready to invest in quality connections, premium access on Senior Match proves itself within the first few weeks of consistent use.
    50+ and Single? Senior Match Is the Senior Dating Site Built Just for You
    Final Verdict — Who Will Benefit Most from Senior Match? 

    If you’re aged 50 or above and want a mature, focused space to meet new people, Senior Match remains a top-tier option in 2025. It may lack some flashy features like video chat or AI matching, but it delivers where it matters most — genuine users, intuitive design, and a respectful environment.

    Whether you’re seeking a committed relationship, companionship, or simply someone to share coffee and conversation, the platform makes it easy to connect. It’s particularly ideal for:

    • Widows and widowers looking to ease back into dating
    • Retirees who want to find love in their next chapter
    • People tired of youth-centric dating apps

    With pricing that’s fair and a strong support team, Senior Match continues to offer excellent value for senior singles ready to take that next step.

    Project name: Senior Match
    10 – 8707 Dufferin St, Suite 160
    Vaughan, Ontario L4J 0A6
    Canada
    Company website: https://www.seniormatch.com/
     TEL: 1-416-628-1072 OR 1-888-702-1274 (Toll-Free)

    Content Accuracy Disclaimer
    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.
    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.
    Affiliate Disclosure
    This article may contain affiliate links. If you purchase a product or service through these links, the publisher may earn a commission at no additional cost to you. These commissions help support the creation of in-depth reviews and educational wellness content.
    The publisher only promotes products that have been independently evaluated and deemed potentially beneficial to readers. However, this compensation may influence the content, topics, or products discussed in this article. The views and opinions expressed are those of the author and do not necessarily reflect the official policy or position of any affiliate partner or product provider.
    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.
    No warranties, either expressed or implied, are made about the completeness, accuracy, reliability, or suitability of the content provided. The publisher and all affiliated parties expressly disclaim any and all liability arising directly or indirectly from the use of any information contained herein.
    Product and Trademark Rights
    All product names, logos, and brands mentioned are the property of their respective owners. Use of these names does not imply endorsement unless explicitly stated. SM® , Seniormatch® SuccessfulMatch® are the trademarks of its respective brand owner.

    Attachment

    The MIL Network –

  • MIL-OSI Banking: Digital wallet market in Australia to surpass $130 billion in 2025 amid cashless shift, forecasts GlobalData

    Source: GlobalData

    Digital wallet market in Australia to surpass $130 billion in 2025 amid cashless shift, forecasts GlobalData

    Posted in Banking

    Digital wallet adoption is accelerating rapidly in Australia, with transaction values projected to grow by 20.8% in 2025 to reach AUD201.3 billion ($132.9 billion). This surge is fueled by the shift towards cashless payments, rising smartphone usage, and broader acceptance of NFC and QR-based solutions—highlighting the growing role of digital wallets in Australia’s evolving financial ecosystem, forecasts GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Payment Instrument Analytics reveals that the digital wallet payment value in Australia registered a growth of 32.2% from AUD126 billion ($83.2 billion) in 2023 to reach AUD166.6 billion ($110 billion) in 2024.

    Shivani Gupta, Lead Banking and Payments Analyst at GlobalData, comments: “Like many markets in Asia-Pacific, digital wallet adoption is on the rise in Australia, supported by rising consumer preference for mobile payments, and proliferation of digital wallet brands such as Google Pay, Apple Pay, and Samsung Pay.

    “Furthermore, increasing usage of QR code-based payment solutions in addition to NFC payments is also expected to support this growth. Although Australia lags its peers such as China and India in terms of digital wallet payments market size, it is still ahead of some of the other developed countries, including Singapore and Hong Kong in the region.”

    According to the Reserve Bank of Australia (RBA), digital wallets are gaining traction, with 39% of debit card and 33% of credit card transactions conducted using digital wallets as of October 2024. In addition, almost 46% of debit cards and 40% of credit and charge cards were enrolled in digital wallets during the same period.

    With the use of digital wallets increasing rapidly in the country, RBA is in the process of amending its Payment Systems Regulation Act 1998 to encompass digital payment services such as Apple Pay and Google Pay and provide the necessary customer protections.

    The availability of international brands such as Apple Pay and Google Pay in Australia has raised consumer awareness of mobile payment technologies and encouraged their uptake.

    According to GlobalData’s 2024 Financial Services Consumer Survey* Apple Pay is the most preferred mobile payment brand followed by Google Pay, PayPal and Samsung Pay.

    To further promote the use of digital wallets in the country and enhance the cost-effectiveness of digital wallet acceptance for merchants, Google Wallet began supporting dual network debit cards in March 2025. The cards allow payments to be processed via either Australia’s domestic debit network “eftpos” or international networks, enabling merchants to save on transaction fees. This feature will empower consumers to select between different networks such as eftpos, Visa, and Mastercard, providing them and merchants with more options and control over their payments.

    In addition to NFC-based mobile brands such as Apple Pay and Google Pay, QR code-based payments are also expected to gain prominence in Australia, the adoption of which is high in its many Asian counterparts such as India and China. To drive this, in May 2022, eftpos  launched a QR code payment system “eQR.” This solution enables consumers to complete transactions by scanning QR codes at participating merchant stores using the eftpos-owned Beem wallet. Even international player like PayPal enables QR code payments in Australia.

    Gupta concludes: “With the widespread adoption of smartphones in everyday life, and the increasing consumer acceptance of mobile payments, GlobalData forecasts continued growth in this space. Subsequently, digital wallet transaction value is expected to register a compound annual growth rate (CAGR) of 13.7% between 2025 to 2029 to reach AUD336.1 billion ($221.9 billion) in 2029.”

    *GlobalData’s 2024 Financial Services Consumer Survey was carried out in Q2 2024. Approximately 67,292 respondents aged 18+ were surveyed across 41 countries.

    MIL OSI Global Banks –

  • MIL-OSI: eSports Betting Sites: Thunderpick Named the Best eSports Bookie in the US

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, May 26, 2025 (GLOBE NEWSWIRE) —

    The world of competitive gaming has exploded in popularity, and with it, eSports betting has become a top choice for US bettors.

    Among the many platforms vying for attention, Thunderpick stands out for its robust offerings and user-friendly interface. With a strong focus on eSports markets and competitive odds, it caters directly to fans of games like CS:GO, League of Legends, and Dota 2.

    JOIN THE TOP-RANKED ESPORT BETTING SITE: THUNDERPICK

    Whether you’re a casual viewer or a seasoned bettor, Thunderpick delivers an experience designed to match your level of involvement. 

    Backed by a secure platform and exciting promotions, it’s quickly becoming a favorite across the US.

    Why Thunderpick Stands Out for US eSports Bettors

    Thunderpick is purpose-built for the modern eSports enthusiast, making it a top choice for players in the United States. The platform supports a wide variety of eSports titles, from globally dominant games like Counter-Strike and Dota 2 to emerging favorites such as Valorant and Overwatch 2. This diversity ensures bettors can always find the matchups they care about.

    One of Thunderpick’s core strengths lies in its intuitive betting interface, which makes it simple to place single bets, accumulators, and even live wagers with just a few clicks. Real-time match updates and dynamic odds make in-play betting especially engaging, adding a strategic layer to the excitement of watching your favorite teams compete.

    US players will appreciate the sleek, mobile-optimized design that works flawlessly on both iOS and Android devices. Whether you’re at home or on the move, Thunderpick makes it easy to keep up with the action. The site’s speed and responsiveness ensure you never miss a betting opportunity, even in fast-paced games.

    Beyond its technical features, Thunderpick also excels in offering promotions tailored to eSports fans. Its generous welcome bonus, reload offers, and seasonal competitions help players get more value from every wager. These rewards can be especially enticing during major tournaments like The International or the League of Legends World Championship.

    Thunderpick also maintains a strong commitment to responsible gaming, offering tools like deposit limits and self-exclusion for users who want more control over their betting habits. Combined with SSL encryption and a well-regarded reputation, this creates a trustworthy and secure environment.

    GET 100% MATCH WELCOME BONUS UP TO $600 AT THUNDERPICK

    Getting Started at the Top eSports Betting Sites in the US

    Signing up with Thunderpick is fast, simple, and optimized for US users. The process starts by visiting the Thunderpick website or downloading the mobile app, available for both iOS and Android. From there, you’ll be prompted to create an account using your email address and a secure password.

    1. Register Your Account: Visit the Thunderpick website and click the “Sign Up” and enter your email, username, and password.
    2. Verify Your Email: Check your inbox for a verification link and confirm your identity.
    3. Deposit Funds: Head to the cashier section and choose from a range of US-friendly payment methods like credit cards, Skrill, or other eWallets.
    4. Claim Your Bonus: Make your first deposit to activate the 100% match welcome bonus up to $600.
    5. Place Your First Bet: Browse the eSports section, select your game and odds, and confirm your wager.

    From registration to first bet, the entire process takes just minutes. Thunderpick’s user dashboard is clean and well-organized, helping new users feel right at home. It also offers betting guides and FAQs to support less experienced players.

    Once your account is active, you can explore a vast array of betting markets across different eSports titles.

    Best Games to Bet on at US eSports Sites

    eSports betting thrives on the popularity and competitive nature of the games themselves. In the US, bettors gravitate toward certain titles that consistently offer engaging action and well-established professional leagues.

    At the top of the list is Counter-Strike: Global Offensive (CS:GO), known for its balanced gameplay and international tournaments like ESL and BLAST Premier. Thunderpick offers a rich menu of betting markets for CS:GO, including match winner, map handicap, and total rounds.

    League of Legends (LoL) is another standout title. With major events like the LCS and the World Championship, it provides numerous betting opportunities and high viewer engagement. Thunderpick supports various markets, including first blood, total kills, and tower takedowns.

    Dota 2, backed by Valve and home to the massive prize pool of The International, is a mainstay in US eSports betting. Thunderpick offers comprehensive coverage, with options for outright winners, individual maps, and series length.

    Valorant, a relatively new entry from Riot Games, has quickly built a competitive scene. Events like VCT Masters attract thousands of bettors, and Thunderpick covers them in detail with markets like spike defusals and headshot percentages.

    For those who enjoy tactical gameplay, Rainbow Six Siege and StarCraft II provide unique mechanics and deep strategies. Thunderpick includes these games, ensuring niche fans are not left behind.

    Thunderpick Mobile eSports Betting Experience

    Mobile betting has become a critical feature for US users, and Thunderpick excels in delivering a smooth, reliable experience across devices. The mobile-optimized version of the site doesn’t require a separate app, offering instant access through any browser on iOS or Android. This web-based approach ensures users can start betting without lengthy downloads or installations.

    The mobile interface mirrors the desktop site in both design and functionality, preserving intuitive navigation and lightning-fast performance. Thunderpick’s responsive layout adjusts seamlessly to different screen sizes, so every feature, from game selection to account settings, is always within easy reach.

    One standout mobile feature is live betting. Real-time odds updates and in-play options remain fully accessible, even on smaller screens. This is ideal for users who want to place strategic bets while watching matches on Twitch or YouTube on the same device.

    Bonuses and Rewards at Top eSports Sites in the United States

    In the competitive eSports betting market, bonuses and ongoing promotions play a pivotal role in attracting and retaining US users. Thunderpick sets itself apart by offering a comprehensive suite of rewards tailored specifically to eSports fans.

    At sign-up, users are welcomed with a 100% match bonus up to $600. This generous welcome offer allows new bettors to double their initial deposit, providing a strong starting bankroll for exploring the site’s wide range of eSports markets.

    But Thunderpick doesn’t stop at the initial bonus. The platform regularly runs reload promotions, offering extra value for repeat deposits. These reloads often align with major eSports events, giving users extra motivation to stay engaged.

    Loyalty is rewarded through Thunderpick’s tiered VIP program. This system offers cashback, exclusive promotions, and early access to new features or events. US players who bet frequently on games like CS:GO or Dota 2 can unlock high-tier benefits faster than on most competitor sites.

    Thunderpick also hosts seasonal tournaments and leaderboard contests, where users compete for cash prizes and bonus credits. These events encourage ongoing participation and create a community-driven betting atmosphere.

    Ready to Join the Best US eSports Betting Sites?

    Thunderpick has earned its reputation as one of the best eSports betting sites for US players, thanks to its focus on game variety, mobile performance, and player rewards. Whether you’re betting on CS:GO or exploring new titles like Valorant, the platform delivers seamless access and top-tier functionality.

    Its mobile site makes on-the-go betting easy, while robust bonuses ensure players get real value from their activity. Security is baked into every feature, with advanced protections that keep user data and funds safe.

    Thunderpick doesn’t just serve eSports fans, it elevates the entire experience. From intuitive design to real-time odds and community engagement tools, it’s clear why this brand leads the US market.

    If you’re ready to dive into the world of eSports betting, Thunderpick offers a secure, rewarding, and exciting platform to get started.

    Editorial Note

    This article is provided solely for informational and entertainment purposes. Nothing within should be interpreted as legal, financial, or professional advice. Readers should carry out their own research before participating in any gambling activities or signing up with any online casinos mentioned. 

    Gambling Caution

    Online gambling comes with financial risks and may lead to addictive behavior or monetary loss. We urge all readers to gamble responsibly. If you or someone you know is struggling with gambling, professional help is available. The National Council on Problem Gambling (NCPG) can be contacted at 1-800-522-4700 or visited online at www.ncpgambling.org.

    21+ only. It is up to each individual to verify whether online gambling is permitted under their local, state, or federal laws. Neither the publisher, the authors, nor any syndication partners condone or support unlawful gambling. Participation in online gambling is done at the reader’s own discretion and risk.

    Affiliate Transparency

    This article may include affiliate links. If you click on a link and make a purchase or register, a commission may be earned, at no extra cost to you.

    Syndication and Liability Disclaimer

    Any third-party publishers, media platforms, or syndication partners that republish this content do so understanding that it is meant for informational purposes only. These entities are not responsible for the legality, accuracy, or interpretation of the material.

    Contact Data

    Thunderpick

    https://thunderpick.io

    support@thunderpick.io

    #1517, Hamchako, Nzwani, Comoros COM1010

    Attachment

    The MIL Network –

  • MIL-OSI China: Chinese premier urges China, Malaysia to expand trade, investment cooperation

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

    KUALA LUMPUR, May 26 — China and Malaysia should continue expanding trade and investment cooperation with a focus on cutting-edge areas, including the digital economy, the green economy and artificial intelligence, Chinese Premier Li Qiang said on Monday.

    Li made the remarks when meeting with Malaysian Prime Minister Anwar Ibrahim.

    MIL OSI China News –

  • PM Modi inaugurates development projects worth over Rs 53,400 crore in Bhuj

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday laid the foundation stone, inaugurated, and dedicated multiple development projects worth over Rs 53,400 crore to the nation in Bhuj, Gujarat. Addressing the gathering, he extended greetings to the people of Kutch and paid respects to revolutionaries and martyrs, especially freedom fighter Shyamji Krishna Varma, while acknowledging the resilience and contributions of Kutch’s sons and daughters.

    PM Modi also paid homage to Ashapura Mata, recognizing her divine presence and blessings on Kutch. Reflecting on his strong bond with the region, he recalled his frequent visits and how Kutch shaped his life, including the transformative moment when Narmada River waters reached the area. The PM praised the unwavering determination of farmers and highlighted that his experience in the region helped drive its development.

    Recalling the devastating earthquake that once cast doubts on Kutch’s future, PM Modi expressed faith in its revival, which the people achieved. “Today, Kutch is a major hub for trade, commerce, and tourism,” he said, announcing projects worth over ₹50,000 crore aimed at infrastructure and economic growth, contributing to India’s emergence as a global blue economy and green energy leader.

    Highlighting Kutch as the world’s largest green energy hub, the prime minister stressed the future role of green hydrogen as a fuel powering vehicles and streetlights. He announced a new green hydrogen plant at Kandla—one of India’s three designated green hydrogen hubs—using entirely “Made in India” technology. PM Modi also pointed to Kutch’s solar revolution, with one of the world’s largest solar projects underway at the Khavda complex.

    Reaffirming the government’s commitment to affordable electricity, PM Modi cited the PM Surya Ghar Muft Bijli Yojana, benefiting lakhs in Gujarat. He emphasized coastal economic significance, citing Dhola Vira and Lothal’s heritage, and detailed the government’s port-led development vision. Ports in Kutch handle nearly one-third of India’s maritime trade, with Kandla and Mundra ports expanding capacity and connectivity. PM Modi inaugurated shipping facilities and announced a special maritime development fund, stressing shipbuilding’s role in employment generation.

    The prime minister praised Kutch’s heritage as a growth driver, noting industries like textiles, food processing, ceramics, and salt production. He celebrated traditional crafts such as Kutch embroidery and Ajrakh printing, which now has a Geographical Indication (GI) tag, supporting tribal artisans. He also mentioned Union Budget provisions supporting leather and textile sectors.

    Paying tribute to farmers, the PM recalled past groundwater crises and how the canal from Kevadiya to Modkuba transformed agriculture. Produce like mangoes, dates, pomegranates, cumin, and dragon fruit now reach global markets. Once a region of forced migration, Kutch today offers local youth employment, reflecting growing prosperity.
    PM Modi emphasized youth employment and tourism’s potential, citing the growing popularity of Rann Utsav, the UNESCO-recognized Smriti Van memorial, and Dhordo village’s international tourism recognition. He encouraged a Beach Festival in Mandvi during Rann Utsav and mentioned the upcoming Namo Bharat Rapid Rail between Ahmedabad and Bhuj to boost tourism.

    Marking May 26 as the anniversary of his oath in 2014, the PM noted India’s rise from the 11th to the 4th largest economy. Contrasting India’s tourism-driven outlook with Pakistan’s support for terrorism, he reiterated a zero-tolerance policy against terrorism. PM Modi highlighted Operation Sindoor, describing it as a mission to eradicate terrorism and protect humanity, and recounted the Indian Armed Forces’ precise strikes on terrorist hideouts after the Pahalgam attacks, stunning the world.

    The prime minister also praised the bravery of Bhuj women who rebuilt the airbase within 72 hours during the 1971 war under Pakistani attack. He emphasized India’s fight against terrorism sponsors, not people, and urged Pakistan’s citizens to reconsider their government’s support of terrorism, warning of the dangerous consequences.

    Reaffirming India’s path toward development, peace, and prosperity, PM Modi expressed confidence that Kutch’s spirit will inspire India’s progress as a developed nation. He extended wishes for Ashadhi Beej, the Kutchi New Year, and congratulated Kutch for its remarkable growth.

    Chief Minister Bhupendrabhai Patel and Union Minister Manohar Lal were among the dignitaries present.

  • MIL-OSI: Apollo Capital Comments on MediPharm Labs’ Failure to Respond to Reasonable Offer to Ensure Fair, Lawful and Transparent 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    MediPharm Labs Board Continues to Obstruct the Appointment and Oversight of an Independent Chair

    Failure to Appoint an Independent Chair to Oversee the Election of Directors at the Annual Meeting Prevents Shareholders from Exercising their Legal Right to Hold the Current Board Accountable for their Epic Failures

    Board Made No Attempt to Engage with Apollo Capital; Instead Resorted to Continued Campaign of Misdirection and Character Assassination Aimed to Undermine Shareholders Demanding Change

    Shareholders Deserve the Opportunity to Elect New Leaders in a Lawful and Fair Election

    Apollo Capital Reiterates Commitment to Transparent Election Process for the Benefit of All Shareholders

    URGES SHAREHOLDERS TO DISREGARD MEDIPHARM LABS’ GREEN PROXY CARD AND VOTE THE GOLD PROXY CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES

    TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital”) which together with its affiliates and associates collectively is one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm Labs”, or the “Company”), owning approximately 3% of the Company’s common stock, today announced that MediPharm Labs’ Board of Directors (the “Board”) did not respond to Apollo Capital’s “With Prejudice” offer to the Board to ensure the rights of shareholders are protected in connection with the Company’s upcoming 2025 Annual and Special Meeting of Shareholder to be held on June 16, 2025 (the “Annual Meeting”).

    Apollo Capital distributed the offer to MediPharm Labs counsel on May 21, 2025 – seeking to ensure a lawful and fair election overseen by an independent Chair in order to protect the rights of shareholders at the Annual Meeting. The offer, which Apollo Capital shared publicly, was unilaterally ignored by MediPharm Labs’ Board, who made no attempts whatsoever to engage with representatives of Apollo Capital.

    Apollo Capital Chairman and CEO Regan McGee commented, “MediPharm Labs and its Board continue to demonstrate their utter disregard for the rights of shareholders, preferring to further entrench themselves rather than honour their fiduciary duty to act in shareholders’ best interests. Apollo Capital’s offer was made in good faith to take the necessary steps to do right by MediPharm Labs shareholders, and it is damning that the Board would put its own personal interests ahead of the law and the interests of Company shareholders.

    “The record needs to be set straight after all the misleading, defamatory and demonstrably untrue statements from the MediPharm Labs Board. Outside of MediPharm Labs, all litigation that I am involved in is related to each other. It is effectively one litigation and was initiated by me in order to protect shareholders from a small group of rogue board members who I sued for breaching their fiduciary duties. Tellingly, but not surprisingly, the MediPharm Labs Board wants to suggest that this is somehow a bad thing!

    “The Company’s attempts to villainize me are merely a feeble attempt to misdirect shareholders away from legitimate concerns regarding their staggering mismanagement of MediPharm Labs, which they have yet to answer for.”

    To be clear, MediPharm Labs’ Board is obviously trying to confuse the shareholders into thinking that it is a bad thing that board members who breach their fiduciary duties should be sued and held accountable.

    Now, let’s shine the spotlight back on what matters – your investment.

    Apollo Capital’s nominees know how to build successful businesses, know how to get deals done, and know how to raise money.

    In response to the Company’s allegations against one of Apollo Capital’s nominees for election to the Company’s Board, Regan McGee, Apollo Capital encourages shareholder to understand the facts regarding Mr. McGee and one of his businesses, Nobul Technologies Inc. (“Nobul”):

    • Nobul was named to the prestigious 2023 Deloitte Technology Fast 500™, which ranks the 500 fastest-growing technology companies across North America. The recognition further validates Nobul’s impact at a continental scale, placing it among the elite group of companies that are shaping the future of tech through extraordinary financial performance, sustained growth, and breakthrough innovation.
    • Nobul topped the 2022 Deloitte Technology Fast 50™, earning the #1 spot with an astounding four-year revenue growth rate of 72,944%—the highest of any Canadian company on the list. The Fast 50 recognizes the country’s most transformative and innovative technology companies based solely on audited financial performance. Nobul’s top placement highlights its unmatched ability to deploy capital efficiently, scale rapidly, and deliver exceptional returns.
    • Nobul has been recognized on CNBC’s Upstart 100, a list of the world’s most promising venture-backed startups. Selected from global nominees, Nobul stood out as a high-growth disruptor.
    • Regan McGee invented the Real Estate Marketplace Method and System (Patent # 12,260465) issued by the US Patent Office on March 25, 2025.   The patent incorporates Artificial Intelligence/Machine Learning Matching Algorithms for Consumers, Real Estate Agents and Properties, as well as Blockchain to facilitate secure, traceable Real Estate processes.
    • Regan McGee founded Nobul when he was in a hospital rehabilitation centre recovering from a severe spinal cord injury and learning how to walk again; Refusing to be slowed down by being disabled, he is tenacious, willing to put in the hard work, and he never gives up.

    The Board’s attempts to malign the business acumen and character of Regan McGee and Apollo Capital’s nominees are a pathetic distraction from the fact that the MediPharm Labs Board has presided over the catastrophic destruction of 99% of shareholder value.

    Apollo Capital is focused on what matters – protecting MediPharm Labs shareholders’ investment.

    Apollo Capital asks shareholders to consider the dire state of MediPharm Labs:

    • MediPharm Labs is on track to run out of money by November 2025 – a mere six months from now.
    • No one on MediPharm Labs’ slate of Board Members has ever built anything of note.

    Apollo Capital’s highly experienced director nominees – John Fowler, Alan D. Lewis, David Lontini, Demetrios Mallios, Regan McGee, and Scott Walters – will implement much-needed business and governance reforms in their first 100 days, including:

    • Slashing executive and Board compensation and suspending all equity/cash awards until a new performance-aligned structure is in place.
    • Eradicating the eye-watering $1,200,000 per year blown on travel and “other expenses”.
    • Implementing an immediate spending lockdown by freezing all non-essential, discretionary expenditures.
    • Beginning a revenue quality and margin analysis by assessing the sustainability, growth, and profitability of each business line.
    • Launching zero-based budgeting by rebuilding the company’s cost structure from the ground up based on necessity and ROI.
    • Restoring transparent shareholder communication, including:
      • Regular interactive earnings calls
      • A comprehensive Investor Day within the first 100 days
      • Open channels for shareholder feedback and dialogue
    • Implementing a new executive compensation plan directly tied to performance against key operational and financial targets.

    Shareholders can visit www.CureMediPharm.com, to sign up for important campaign updates.

    To access Apollo Capital’s Circular and related proxy materials, including a proxy or voting instruction form, visit SEDAR+ at www.sedarplus.ca.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    CureMediPharm@gasthalter.com

    Legal Disclosures

    Information in Support of Public Broadcast Exemption under Canadian Law

    In connection with the Annual Meeting, Apollo Capital has filed an amended and restated dissident information circular (the “Circular”) in compliance with applicable corporate and securities laws. Apollo Capital has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of Apollo Capital’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.

    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Circular and other relevant documents by contacting Apollo Capital’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com.

    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.

    The costs incurred in the preparation and mailing of any circular or proxy solicitation by Apollo Capital and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.

    This press release and any solicitation made by Apollo Capital is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of Apollo Capital who will not be specifically remunerated therefor. In addition, Apollo Capital may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

    Apollo Capital has entered into an agreement with Carson Proxy Advisors (“Carson Proxy”) for solicitation and advisory services in connection with the solicitation of proxies for the Meeting, for which Carson Proxy will receive a fee not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide Apollo Capital with certain communications, public relations and related services, for which G&Co will receive a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that Apollo Capital’s nominees make up a majority of the Board following the Annual Meeting, plus excess fees, related costs and expenses.

    No member of Apollo Capital nor any of their associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of Apollo Capital nor any of their associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors, the election of directors, the appointment of auditors and the approval of the ordinary resolution approving, among other things, the Company’s amended and restated equity incentive plan dated May 8, 2025 and the unallocated awards available thereunder.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of Apollo Capital and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and Apollo Capital disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Apollo Capital hereafter becomes aware, except as required by applicable law.

    The MIL Network –

  • MIL-OSI: Urbana Corporation Congratulates Tetra Trust Company on Being Selected by Wealthsimple to Provide Digital Asset Custody Services

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

    TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Urbana Corporation (“Urbana” or the “Corporation”) (TSX and CSE: URB, URB.A) congratulates Tetra Trust Company (“Tetra”) on being selected by Wealthsimple to provide digital asset custody services.

    Under this partnership, Tetra will act as one of Wealthsimple’s custodians for digital assets, marking the first time Wealthsimple has added a Canadian custodian to its roster. Wealthsimple will utilize Tetra Unity, Tetra’s institutional-grade platform, to streamline digital asset custody, execution, settlement, compliance, and risk management.   This partnership is subject to approval by the Canadian Investment Regulatory Organization.

    “Wealthsimple has consistently led innovation in Canadian financial services, and this partnership represents a significant milestone for both companies,” said Didier Lavallée, CEO of Tetra. “By combining Wealthsimple’s trusted consumer platform with our institutional-grade custody solutions, we’re creating a more secure and accessible digital asset ecosystem for Canadians.”

    This strategic collaboration marks an exciting chapter in Canada’s digital asset landscape — secure, compliant and homegrown solutions built by Canadian companies, for Canadian investors.

    Urbana currently owns 24,510,434 common shares, representing 55.6% of the Tetra common shares outstanding.

    About Urbana

    Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies.   The long-term goal of Urbana is to seek and acquire investments for income and capital appreciation through a combination of public and private investments. The portfolio mix of actively managed publicly traded securities with private equity investments has generated significant long-term investment results.  For more information, visit www.urbanacorp.com.

    About Tetra

    Founded in 2019, Tetra is Canada’s first trust company licensed to custody digital assets. Backed by major players in the industry such as Urbana Corporation, the Canadian Securities Exchange, Icebook and Coinbase Ventures, Tetra delivers the most advanced digital asset storage technology, setting the standard for digital asset custody in the country. For more information, visit www.tetratrust.com.

    For further information contact:

    Elizabeth Naumovski
    Investor Relations
    (416) 595-9106  enaumovski@urbanacorp.com

    Certain statements in this news release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

    The MIL Network –

  • MIL-OSI Africa: More farm murder victims are African, Police Minister

    Source: South Africa News Agency

    Police Minister Senzo Mchunu has moved to correct what he describes as a longstanding misrepresentation in the reporting of farm murders in South Africa, stating that Black victims have historically included the majority of the affected.

    “The history of farm murders in the country has always been distorted and reported in an unbalanced way; the truth is that farm murders have always included African people in more numbers,” Mchunu said.

    Mchunu made the remarks, when he was presenting the fourth quarter crime statistics of the previous financial year (1 January 2025 – 31 March 2025) in Pretoria, on Friday.

    The report showed a notable decrease in farm attacks, with six incidents recorded in the fourth quarter, compared to 12 in the previous quarter.

    The victims included two farm owners, two farm employees, one farm manager, and one farm dweller.

    While the South African Police Service (SAPS) does not categorise crime statistics by race, Mchunu addressed the racial aspect in response to recent claims of a “White genocide” in the country.

    “The two farm owners that were murdered during the fourth quarter were African and not White. Further to that, the two farm employees and one farm manager were also African – it is the one farm dweller that was White.

    “Last quarter, we reported that a total of 12 farm murders had been reported, with one farm owner having been murdered. Notable progress has been made in respect of investigations into these cases, and a number of arrests have been made,” Mchunu said.

    Mchunu reiterated the SAPS’s commitment to prioritising all types of crimes with urgency; as well as to conduct thorough investigations to ensure that justice is ultimately served.

    He further highlighted the government’s commitment to the National Rural Safety Strategy, which aims to create a safe and secure environment in rural areas.

    “We have appeared before the Parliamentary Portfolio Committee multiple times to account for our efforts. The National Rural Safety Strategy is designed to create a safe and secure environment in rural areas, and we are committed to fully implementing it.

    “As from this year, when we release the first quarter results, we will include a number of other categories of crime in the country, to show a fuller picture. For an example, killings in rural and urban areas, instead of just on commercial farms, but for now, our statistics are based on commercial farms,” the Minister said.

    No land grabbing in the country

    Mchunu also sought to dispel misconceptions about so-called “land grabbing” in South Africa.

    While confirming that land invasions do occur, he rejected the notion that they reflect government policy.

    “Land invasions are not government policy but are by and large acts of desperation for land by African people who find themselves landless and in need to settle. It is sporadic and it remains unlawful, hence the cases and investigations thereof,” he explained.

    Mchunu stressed that the policy of expropriation without compensation is a lawful and systematic effort to resolve the issue of landlessness.

    “My colleague in the Department of Land Reform and Rural Development, [Minister Mzwanele Nyhontso], has expressed concern about the misuse of the term ‘land grab’ and will provide further clarification next week,” Mchunu said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: SA National Petroleum Company officially open for business

    Source: South Africa News Agency

    Minister of Mineral and Petroleum Resources, Gwede Mantashe, has declared the South African National Petroleum Company (SANPC) as open for business and ready for investors.

    The Minister was delivering remarks at the official launch of SANPC in Johannesburg, on Friday.

    The new state-owned enterprise (SOE) is an amalgamation of PetroSA, the South African Gas Development Company (iGas) and the Strategic Fuel Fund Association.

    It is aimed at enhancing South Africa’s energy security, reducing dependence on imported petroleum products and ensuring more effective management of the country’s petroleum assets.

    “The real issue is ensuring energy security in the country. In the wake of evolving global trends, including the push to shift away from fossil fuel usage, the SANPC is expected to operate in an increasingly volatile, unpredictable and polarised world. 

    “The local refining capacity is also quite critical. Reviving PetroSA is important, SAPREF is important and therefore, if there are people who want to partner with us…we are open for business, we are open for partnerships and we are open for people who want to invest,” he said.

    The Minister highlighted that the demand for fossil fuels is expected to grow, despite the “shift in demand towards cleaner sources of energy production”.

    “To this end, the SANPC is expected to oversee strategic planning, coordination, and governance of the country’s petroleum resources, and thereby contribute to the country’s sustainable development and inclusive economic growth.

    “For the entity to generate revenue for self-sustainability and sufficiency, it must take advantage of the strategic partnerships and national capabilities in the energy industry to champion energy supply and investment in associated infrastructure,” he said.

    The Minister emphasised the need for good governance and leadership at the SOE.

    “To enable the entity to deliver on its mandate, we had to ensure good governance, and in so doing, reduce both the operational and financial risks; hence, we swiftly appointed the board of directors, an interim CEO, as well as the non-executive directors in April last year. 

    “Since then, tremendous work has been done in winding down the outstanding matters and getting governance arrangements going.

    “For the entity to succeed, it must have a strong leadership with vision, common objectives, and the ability to develop managerial capacity. It is equally important for all employees to foster a new culture and a sense of community that encourages collaboration and teamwork, as well as transparent and honest communication. 

    “A task at hand for all of us is to ensure that the entity remains financially sustainable and independent in order to fulfil its developmental mandate,” Mantashe concluded. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: SIU secures preservation order against jazz maestro

    Source: South Africa News Agency

    Friday, May 23, 2025

    The Special Investigating Unit (SIU) has secured a preservation order from the Special Tribunal against renowned jazz musician Selaelo Selota – barring him from selling a luxury vehicle allegedly purchased with misappropriated money.

    According to the SIU, the Mercedes Benz vehicle was purchased with National Lotteries Commission (NLC) funds which were meant for “building an old-age home and for providing elderly care in different provinces”.

    “The SIU’s investigation uncovered that Selota’s luxury vehicle was purchased using funds diverted from three NPOs [non-profit organisations] that received NLC grants under suspicious circumstances,” the corruption busting unit said.

    The three NPOs are:
    •    Matieni Community Centre had applied for R20 million in September 2017 and was granted R23 million – R3m more than requested – on 16 Oct 2017. They received R20 million from NLC in November and transferred R5.975 million to Mbidzo Development Programme
    •    Lethabong Old Age Home received R20 million from NLC in November 2017 and transferred R15 million to Mbidzo Development Programme
    •    War Against Rape and Abuse received R20 million from the NLC during December 2017 and transferred R5 million to Mbidzo Development Programme

    “On 18 January 2018, Mbidzo Development Programme deposited R104,600.01 to a car dealership to purchase a Mercedes-Benz. Subsequently, on 23 January 2018, Mbidzo Development Programme paid the remaining R300,000 to finalise the transaction. The vehicle was registered to Selota shortly after.

    “The order of the Special Tribunal is part of implementing SIU investigation outcomes and consequence management to recover financial losses suffered by State institutions because of corruption or negligence. The order forms part of a broader investigation into corruption involving NLC grants intended for community development projects.

    “The SIU is empowered to institute a civil action in the High Court or a Special Tribunal to correct any wrongdoing uncovered during investigations caused by corruption, fraud, or maladministration. In line with the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU refers any evidence pointing to criminal conduct it uncovers to the National Prosecuting Authority (NPA) for further action,” the SIU said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Sexual offences and commercial crime remain a concern

    Source: South Africa News Agency

    While the latest statistics has shown a significant progress in crime fighting, with a decrease in most major crime categories recorded in the fourth quarter of the previous financial year, sexual offences and commercial crime remain a concern.

    Police Minister Senzo Mchunu presented the quarterly crime statistics, covering the period from 1 January to 31 March 2025, which reflect both encouraging improvements and areas requiring intensified efforts.

    The report showed reductions across multiple crime categories. However, sexual offences, including rape and contact sexual offences, as well as commercial crimes, recorded increases during the quarter.

    The country’s four most crime-affected provinces, Gauteng, KwaZulu-Natal, Western Cape, and Eastern Cape, contributed the majority of murder cases nationwide.

    Among the 30 police stations with the highest murder rates, include 13 registered lower incidents, while two stations recorded no change.

    The report also saw the murder of 22 police officers, including six killed while on duty and 16 off duty. Of these, Gauteng alone recorded 10 of these cases.

    “This is not just a loss to the SAPS but to the entire nation. An attack on a police officer is an attack on the state, and those responsible will face the full might of the law,” Mchunu warned.

    90-day GBVF blitz launched

    In a bid to combat ongoing increase in sexual offences, Mchunu reported that the Justice, Crime Prevention and Security Cluster (JCPS), has launched a 90-day Gender – Based Violence and Femicide blitz (GBV+F blitz), which commended on 1 May 2025.

    Mchunu said the initiative includes the revival of the Inter-Ministerial Committee on GBVF, which is tasked with coordinating government interventions, resolving systemic bottlenecks, and ensuring measurable progress.

    He said the National Joint Operational and Intelligence Structure (Nat Joints) is leading frontline safety and protection efforts.

    The statistics showed an increase in reported rape cases, with Gauteng and KwaZulu-Natal contributing 19.1% and 19.9% respectively to the national total. However, five provinces, including Eastern Cape, Gauteng, Limpopo, North West, and Western Cape, recorded declines in rape cases.

    “While GBVF affects all genders, women remain disproportionately affected by rape, assault with intent to do grievous bodily harm (assault GBH), and murder,” Mchunu noted.

    Over 4 000 illegal firearms registered

    According to the report, firearms remain the most frequently used instruments in the commission of murder, followed by knives.

    A total of 4 023 cases involving illegal possession of firearms and ammunition, were recorded during the quarter under review, a 2.7% increase compared to the same period last year.

    Mchunu commended Operation Shanela for its ongoing success in delivering the results, which led to the seizure of 128 illegal firearms, and 82 arrest in just the past week.

    “One of our stated priorities, is the eradication of illegal firearms and the tightening of control over legally owned firearms,” Mchunu said.

    Increase in commercial crimes

    The country has also recorded 4.7% increases in commercial crimes, with 1,581 counts recorded in the fourth quarter.

    Gauteng and Western Cape recorded the seven highest numbers, with 12,074 cases reported in Gauteng, while 7,244 reported in Western Cape.

    Mchunu commended the Directorate for Priority Crime Investigation (DPCI) for their continued efforts, which led to 656 suspects appeared in court, including 364 linked to from serious organised crime, 220 from serious commercial crime, and 72 from serious corruption.

    ‘We urge the DPCI to remain steadfast in executing their constitutional mandate,” Mchunu said.

    Nine percent decrease in stock-theft crimes

    The report revealed an 8,9% decrease in stock-theft crime, which the Minister described as a serious threat to the agricultural sector and rural livelihoods.

    “Stock-theft is one of the priority crimes for the police, as it not only threatens the financial stability of the country’s agricultural sector but undermines the livelihoods of countless families who depend on livestock for their sustenance and economic well-being.

    “Back in March, we convened a stakeholder engagement in the Free State – this was well attended by various stakeholders from the Free State, KZN, Limpopo and Eastern Cape. The focus of the engagement was to engage those largely affected by stock-theft on the measures employed by the SAPS and to engage on what can be done in strengthening those measures,” the Minister said.

    He said the engagement was successful, and the department has full confidence in the various Stock Theft Units throughout the country.

    Mchunu also highlighted that the police recently recovered stolen livestock in Qumbu, Matatiele, Maclear and Tsolo, during their operations.

    The recovered livestock included 231 cattle to the value of R 2,7 million, 81 sheep worth over R 160 000, and 78 goats worth over R 150 000.

    “We commend the various teams for this, and we urge them to remain vigilant and to continue in their efforts to fight stock theft,” Mchunu said.– SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI Australia: Appoint your SMSF trustees

    Source: New places to play in Gungahlin

    Eligibility of trustees and directors

    All members of your self-managed super fund (SMSF) must be individual trustees or directors of the corporate trustee. When selecting fund trustees, you need to make sure they’re eligible.

    Who can be a trustee

    Members are eligible to be a trustee if they’re:

    It is an offence to knowingly act as a trustee while being a disqualified person. A legal personal representative (LPR) cannot act as trustee on behalf of a disqualified person either.

    You may have to appoint an LPR to be the trustee or director where a member:

    • is over the age of 18 with a legal disability
    • is under the age of 18
    • requires a person to hold enduring power of attorney to act on their behalf (see SMSF Ruling SMSFR 2010/2)
    • is deceased, until the death benefit becomes payable.

    Members under the age of 18 can also have their parent appointed as a trustee or director on their behalf.

    If prospective trustees have any outstanding tax or superannuation affairs, such as any unlodged tax returns or unpaid tax debts, this could prevent their SMSF registration from proceeding.

    Determine if you’re a disqualified person

    You are a disqualified person if you answer ‘yes’ to any of the following questions:

    Applying to waive disqualified status

    You can apply for a waiver of disqualified status if the offence leading to the disqualification was not an offence involving serious dishonest conduct. This means that the penalty imposed for the offence was not either a:

    • term of imprisonment for more than 2 years
    • fine of more than 120 penalty units.

    The application must be in writing and include:

    • details of the offence
    • court documents about the offence
    • consent for us to inquire about the offence to any law enforcement agencies or courts that we think are relevant.

    The application should be made within 14 days of the conviction. We may accept applications after this time if you explain the circumstances of your late application.

    You cannot become a trustee until we notify you of our acceptance to waive the disqualified status.

    Send your signed application and supporting documents to:

    AUSTRALIAN TAXATION OFFICE
    PO BOX 3100
    PENRITH  NSW  2740

    Check the company can act as a corporate trustee

    A company cannot act as a corporate trustee of an SMSF if:

    • the company is aware or has reason to suspect that a director of the company is a disqualified person
    • an administrator has been appointed in respect of the company
    • a receiver has been appointed in respect of property beneficially owned by the company
    • a provisional liquidator or restructuring practitioner has been appointed in respect of the company
    • action has started to wind up the company
    • the company has been deregistered by ASIC.

    Trustee and director consent

    Whether you’re an individual trustee or director of a corporate trustee, you are responsible for running the fund and making decisions that affect the retirement interests of each fund member.

    Before you consent to being a trustee ensure you understand your obligations as an SMSF trustee under the law. You need to have the knowledge, time and skills to manage your fund successfully. We recommend you complete a free online trustee training course.

    All trustees or directors must formally consent in writing to being appointed. This can be recorded in meeting minutes and must be kept on file for the life of the SMSF and for 10 years after the SMSF winds up.

    Trustee declaration

    The Trustee declaration must be signed:

    • by trustees and directors of a corporate trustee or a legal personal representative of an SMSF, to declare they understand their obligations and responsibilities
    • within 21 days of appointment.

    You must keep your completed declaration while you remain a trustee of the fund, or for 10 years (whichever is longer). You don’t need to send it to us unless we ask for it.

    MIL OSI News –