NewzIntel.com

Category: Economy

  • MIL-OSI Asia-Pac: Port community system launched

    Source: Hong Kong Information Services

    The Port Community System (PCS) project has been launched to drive smart port development, the Transport & Logistics Bureau announced today.

    The system aims to promote digitalisation within Hong Kong’s port community, enhance cross-sector information interconnectivity, and advance smart port development, in order to consolidate and enhance the Hong Kong Port’s competitiveness and the city’s status as an international maritime centre, the bureau explained.

    The PCS’ pilot data sharing platform began phased testing of specific cargo clearance processes in early 2023. After rigorous testing and optimisation, the Logistics & Supply Chain MultiTech R&D Centre (LSCM) will assist the bureau in the full development of the system, with installation to be completed by the end of 2025, and implementation for industry use starting in early 2026.

    The system will provide round-the-clock, real-time cargo tracking, integrate sea, land and air transport data, and offer value-added electronic services such as the One-Data-Multiple-Declarations function.

    Officiating at the PCS project’s launch ceremony, Secretary for Transport & Logistics Mable Chan said the PCS is a critical infrastructure for the future development of Hong Kong’s port and maritime sectors.

    “Led by the Hong Kong Special Administrative Region Government and widely supported by the industry, the PCS digitally connects Hong Kong, the Mainland and the international maritime community.

    “It will also help facilitate trade and capital flows, enhance Hong Kong’s resilience and influence as an international maritime centre to meet the challenges of an increasingly complex international environment, and serve our country’s strategic goal of becoming a maritime powerhouse.”

    The bureau supplemented that it will also initiate a new phase of trial in collaboration with the Hong Kong Monetary Authority to explore leveraging cargo status data within the PCS to facilitate trade finance processes, with a view to helping financial institutions and small and medium enterprises reduce credit costs and processing time. To ensure that the system aligns with industry needs, the bureau has established a Strategic Advisory Panel and an Industry Expert Liaison Group, bringing together industry leaders to provide insights on the PCS’ development.

    Additionally, during today’s launch ceremony, the Transport & Logistics Bureau signed a tripartite memorandum of understanding with the LSCM and Guangdong e-Port Management Company. Areas of collaboration include exploring the use of the PCS to provide a pre-filling and pre-submission function for ocean manifests for vessels entering the Mainland, so as to provide further convenience for system users.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Champion Safe Company Supports Inaugural Buckeye Blast Benefiting The Light Foundation

    Source: GlobeNewswire (MIL-OSI)

    Delaware, OH, May 16, 2025 (GLOBE NEWSWIRE) — Champion Safe Company, a leading manufacturer of premium safes and wholly-owned subsidiary of American Rebel Holdings, Inc. (NASDAQ: AREB), America’s Patriotic Brand (americanrebel.com), proudly participated in the inaugural Buckeye Blast sporting clay fundraiser, held at Black Wing Shooting Center in Delaware, Ohio. The event benefited The Light Foundation, a nonprofit founded by former New England Patriots offensive tackle and Ohio native Matt Light.

    As a sponsor of the event, Champion Safe donated one of its top-tier safes as the grand prize for the raffle drawing, helping raise funds to support the Foundation’s mission of empowering young people to reach their highest potential.

    “We’re proud to support the Light Foundation and its mission to build stronger young leaders,” said Tom Mihalek, CEO of Champion Safe Company. “It was a privilege to contribute to such a meaningful event, and we’re thrilled that one of our safes could help generate excitement and support for a great cause.”

    The Buckeye Blast brought together outdoor enthusiasts, community leaders, and supporters of youth development for a day of camaraderie and competition. The funds raised will help The Light Foundation continue its impactful leadership programs, outdoor camps, and mentorship initiatives.

    Matt Light, who grew up in Greenville, Ohio, expressed his gratitude: “Having Champion Safe on board as a sponsor was a huge win for us. Their donation of a safe for the grand prize raffle added excitement to the event and helped us raise critical funds. It’s always great to see Ohio-based events supported by companies that share our values.”

    The event was hosted at Black Wing Shooting Center, a premier firearms and training facility and a proud American Rebel safe dealer.

    For more information about Champion Safe Company, visit championsafe.com. To learn more about The Light Foundation, visit mattlight72.com.

    Contact: ir@americanrebel.com

    About Champion Safe Company

    Champion Safe Company has been at the forefront of safe manufacturing for over 25 years, offering a range of high-quality safes designed for ultimate security and fire protection. With a commitment to craftsmanship and innovation, Champion Safes are trusted by homeowners, gun owners, and businesses across the nation. To learn more, visit: championsafe.com

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of participating in the event, actual revenues for fiscal 2025, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    The MIL Network –

  • MIL-OSI: Svitlana Buriak wins the 11th IBFD Frans Vanistendael Award

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, May 16, 2025 (GLOBE NEWSWIRE) — At a ceremony this afternoon, Svitlana Buriak was announced as the winner of the award for her publication titled “International Taxation of Global Value Networks“, published by IBFD Doctoral Series.

    The ongoing discussions regarding the allocation of taxing rights between countries in the digital age have primarily centered around concepts such as permanent establishments (PE) and substantive economic presence. In her book, Svitlana Buriak addresses a crucial yet often overlooked aspect: the increasing trend of ‘servicification’ in the global economy. Adopting a multi-disciplinary approach, the author brings into focus the role of intangibles and non-equity modes of internationalization, shedding light on the challenges associated with the division of economic rent that arises from these developments. Overall, an eminently readable and thought-provoking work.

    For these reasons, the jury concluded that the publication deserved to win the award, which was personally conferred by Rosa Vanistendael, the widow of Frans Vanistendael.

    About the author

    Dr. Svitlana Buriak is a tax advisor specializing in transfer pricing at Loyens & Loeff (Amsterdam), assistant professor at the University of Amsterdam (UvA), and director of the UvA Centre for Transfer Pricing and Income Allocation. With around 10 years of experience combining practice and policy-oriented academic work, Dr. Buriak focuses on addressing complex international tax and transfer pricing challenges through innovative and practical solutions. Her approach is grounded in legal research, economics, and policy considerations, taking into account evolving economic and business realities, as well as international relations, aiming to deliver legal analyses that are both legally sound and relevant in today’s global landscape.

    Applications and Nominations are welcome for the 12th IBFD Frans Vanistendael Award 2026

    Submissions are accepted until 31 December 2025 at ibfd.award@ibfd.org. Competition rules for 2026 will be available on the website as of next week. The 12th Frans Vanistendael Award will be conferred at IBFD’s headquarters in Amsterdam in May 2026. 

    About IBFD
    IBFD is a leading international provider of cross-border tax expertise, with a long-standing history of supporting and contributing to tax research and academic activities. As an independent foundation, IBFD utilizes its global network of tax experts and its Knowledge Centre to serve Fortune 500 companies, governments, international consultancy firms and tax advisers.

    Attachment

    The MIL Network –

  • MIL-OSI: Eightco Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Quarter Driven by Focus on Deploying Capital into the Refurbished Apple Products Business and Prioritizing Financial Stability for Long-Term Growth

    • First quarter 2025 revenue growth of 25% to $9.9mn compared to $8.0mn for the prior year quarter, due to focus on refurbished apple products sales
    • First quarter 2025 operating loss of $1.4mn, a reduction of 55% compared to an operating loss of $3.2mn for the prior year quarter, due to lower SG&A and absence of restructuring and severance expenses in the first quarter of 2025

    Easton, PA, May 16, 2025 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced financial results for the three months ended March 31, 2025.

    Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC, the Company’s primary operating subsidiary (“Forever 8”), stated “In order to improve our cost structure to deliver long-term value to shareholders, we continue to reduce operating costs and address selling and administrative expenses. Our goal is to remain on this path to further support the Company’s growth as it continues to explore funding options.”

    Mr. Vassilakos continued, “Our current operations provide the infrastructure to significantly scale revenues with a relatively modest increase in expenses. I continue to witness substantial progress within Eightco and believe our accomplishments provide a strong foundation to scale revenues rapidly. The demand for our inventory capital, especially in the refurbished apple products business, continues to underscore the value we believe we can bring to clients. We have now emerged from a transformative period, where I am confident in our ability to accelerate growth and drive sustained success for Eightco and our stakeholders.”

    Financial Highlights and Commentary

    Reallocation of capital back into the refurbished apple products business resulted in revenue growth. This also resulted in a reduction in gross margins from 8.2% for the first quarter of 2025, compared to 17.5% in the first quarter of 2024. The Company also saw a 28% decrease in selling, general and administrative expenses this quarter compared to the prior year quarter, which helped in improving operating losses of $1.4mn compared to a $3.2mn loss in the first quarter of 2024.

    • First quarter 2025 revenues of $9.9mn representing a 25% improvement on the first quarter 2024 revenue of $8.0mn
    • First quarter 2025 gross profit of $0.8mn compared to a gross profit $1.4mn in the first quarter of 2024
    • First quarter 2025 gross profit margin of 8.2%, compared to 17.5% in the first quarter of 2024, due to shift in product mix back into cell phones
    • A 55% improvement in operating losses, down to a $1.4mn loss in the first quarter of 2025, compared to a $3.2mn loss in the first quarter of 2024
    • First quarter 2025 SG&A of $2.2mn, down 29% from $3.1mn in the first quarter of 2024, as a result of continued streamlining and operating costs reduction across all areas of the business
    • First quarter 2025 net loss of $2.5mn compared to a net income of $1.9mn in the first quarter of 2024
    • First quarter 2025 Adjusted EBITDA loss from continuing operations of $0.8mn, compared to Adjusted EBITDA loss from continuing operations of $1.2mn for the first quarter of 2024
        For the Three Months Ended
        March 31,
        2025     2024  
    Revenues, net   9,913,987     7,958,697  
    Cost of revenues   9,100,728     6,569,687  
    Gross profit   813,259     1,389,010  
             
    Operating expenses:        
    Selling, general and administrative expenses   2,229,425     3,127,943  
    Restructuring and severance   –     1,414,838  
    Total operating expenses   2,229,425     4,542,781  
    Operating loss   -1,416,166     -3,153,771  
             
    Non-operating income (expense):        
    Interest income (expense), net   -1,288,804     -1,198,771  
    Gain on forgiveness of earnout   –     6,100,000  
    Other income   21,898     26,677  
    Total non-operating income (expense)   -1,266,906     4,927,906  
             
    Net income (loss) before income tax expense   -2,683,072     1,774,135  
             
    Income tax expense (benefit)   -28,793     –  
             
    Net income (loss) from continuing operations   -2,654,279     1,774,135  
    Net income from discontinued operations, net of tax   105,553     166,828  
    Net income (loss)   -2,548,725     1,940,963  
    Net loss attributable to non-controlling interest   –     -12  
    Net income (loss) attributable to Eightco Holdings Inc.   -2,548,725     1,940,975  
             
             
        For the Three Months Ended
        March 31,
        2025     2024  
    Net income (loss)   (2,654,279 )   1,774,135  
    Interest (income) expense, net   1,288,804     1,198,771  
    Gain on forgiveness of interest   –     –  
    Income tax expense   -28,793     –  
    Depreciation and amortization   574,642     556,299  
    EBITDA   (819,626 )   3,529,205  
    Stock-based compensation   0     0  
    Loss on issuance of warrants   –     –  
    Restructuring       1,414,838  
    Gain on extinguishment of liabilities   –     -6,100,000  
    Adjusted EBITDA   (819,626 )   (1,155,957 )


    Reconciliation of EBITDA and Adjusted EBITDA

    EBITDA and Adjusted EBITDA are non-GAAP performance measures. Management believes EBITDA and Adjusted EBITDA, in addition to operating profit, net (loss) income and other GAAP measures, are useful to investors to evaluate the Company’s results because they exclude certain items that are not directly related to the Company’s core operating performance. Investors should recognize that EBITDA and Adjusted EBITDA might not be comparable to similarly-titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP.

    Reconciliations of the non-GAAP measures used in this press release are included in the table below. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. Items excluded to arrive at forward-looking non-GAAP measures may have a significant, and potentially unpredictable, impact on our future GAAP results.

    A reconciliation of EBITDA and Adjusted EBITDA to the most directly comparable GAAP measure in accordance with SEC Regulation G as above.

    About Eightco

    Eightco (NASDAQ: OCTO) is committed to growth of its subsidiaries, made up of Forever 8, an inventory capital and management platform for e-commerce sellers, and Ferguson Containers, Inc., a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its portfolio companies and stockholders.

    For additional information, please visit www.8co.holdings

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; Eightco’s inability to innovate and attract users for Eightco’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the Securities and Exchange Commission (the “SEC”), including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

    For further information, please contact:
    Investor Relations
    investors@8co.holdings

    The MIL Network –

  • MIL-OSI: Mercurity Fintech’s Subsidiary Grows Cross-Border Business Advisory Services with New Asia-Pacific Healthcare Client Engagement

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, May 16, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (NASDAQ: MFH), a digital fintech group, today announced that its wholly-owned subsidiary, Chaince Securities, Inc. (“Chaince Securities”), has secured a new engagement to serve as corporate advisor for a prominent Asia-Pacific healthcare company seeking strategic access to U.S. capital markets.

    Growing Cross-Border Advisory Practice

    Chaince Securities leverages its expertise in executing complex cross-border transactions for international companies seeking to access the U.S. capital market. This corporate advisory engagement reflects Chaince Securities’ commitment to cross-border advisory mandates.

    Cross-Border Business Advisory Service Capabilities

    Chaince Securities offers comprehensive cross-border business advisory services, such as:

    • Strategic planning and execution support for the listing process
    • U.S. regulatory and exchange compliance coordination
    • Capital market positioning and investor outreach
    • Coordination with legal, auditing, and underwriting teams to support a seamless listing process

    “We are honored to serve as a trusted cross-border advisor in this important transaction,” said Shi Qiu, CEO of Mercurity Fintech Holding. “This mandate demonstrates the strength of our advisory platform and validates our commitment to supporting innovative companies as they expand their footprint into U.S. capital markets. Our growing track record establishes Chaince Securities as the go-to partner for Asian companies seeking strategic access to U.S. investors and capital.”

    About Mercurity Fintech Holding Inc.

    Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries including Chaince Securities, LLC, MFH aims to bridge traditional finance and digital innovation, offering services spanning digital assets, financial advisory, and capital markets solutions.

    Forward-Looking Statements

    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    Contacts:

    International Elite Capital Inc.
    Vicky Chueng
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com

    The MIL Network –

  • MIL-OSI Global: Assisted dying: five questions that need answering before it can work in pratice

    Source: The Conversation – UK – By Suzanne Ost, Professor of Law, Lancaster University

    Collagery/Shutterstock

    An attempt to make assisted dying legal in England in Wales continues to make its way through parliament, with MPs currently scheduled to have a final vote on the bill in June.

    The bill has sparked both passionate support and strong opposition, raising vital questions: how would such a law work in practice? Who would deliver it? And what would it cost?

    While much attention has focused mostly on the ethics of assisted dying, the government’s recently published impact assessment looks at the practical side and it deserves closer attention.

    Of course, we shouldn’t base a decision about life and death solely on financial or logistical grounds. But if assisted dying is to become part of the law in England and Wales, we need to understand how it would work in reality. The report highlights a number of key challenges:

    1. The medication question

    The assessment draws mainly on data from 11 other jurisdictions, especially Oregon, where assisted dying has been legal for years. It found that the drugs used can lead to prolonged and unpredictable deaths, in part due to inconsistent drug availability.

    However, the report doesn’t compare this to Switzerland, where assisted dying must be self-administered and is tightly regulated. There, a single barbiturate is typically used, leading to death within two to ten minutes depending on whether it’s taken orally or via injection. This raises questions about what kind of medications would be used in the UK and how reliably they would work.

    2. Opt-outs: who will deliver the service?

    Experience from countries like Canada shows that most doctors opt out of providing assisted dying. In Canada, over 5,000 assisted deaths were carried out by just 80 people. Similarly, in the US and New Zealand, entire institutions – especially palliative care services – have opted out.

    Kim Leadbeater, the MP sponsoring the bill, has confirmed that it would not oblige hospices to participate. While this protects individual conscience, it may leave patients struggling to find willing clinicians or being discharged home to die.

    3. Can the NHS cope with a new service?

    The bill assumes the NHS would be responsible for delivering assisted dying. But is the system ready?

    Switzerland uses volunteer doctors outside the healthcare system, which may be more sustainable. In the UK, oversight is expected to come from a panel including a senior judge or lawyer, a psychiatrist and a social worker.

    However, the Royal College of Psychiatrists (RCP) has raised serious concerns, both about the role psychiatrists would play and whether there are enough professionals to fulfil that role. The RCP currently opposes the bill.

    4. Funding: a two-tier system?

    The impact assessment suggests assisted dying would be free at the point of delivery. Yet palliative care – the alternative end-of-life support – often receives less than 40% government funding, relying heavily on charity.

    Could this create a two-tier system, where assisted dying is fully funded while palliative care remains under resourced?

    5. Legal costs and challenges

    If passed, the bill could trigger human rights challenges, particularly around mental capacity and access. Legal experts suggest several grounds on which it might be contested and these cases would need to be defended, incurring additional costs.

    Families might also seek judicial review of a panel’s decision to permit a request for assisted dying. And public protests outside clinics or hospitals offering the service could require increased policing and security – all of which have financial and social implications.

    This bill tackles one of the most morally sensitive issues in society. But if it is to succeed, and be implemented safely, it must be built on more than good intentions.

    The government’s impact assessment lays out the many practical hurdles: medication protocols, workforce readiness, conscientious objection, legal protections, and funding disparities. These aren’t technicalities. They’re the framework that would determine whether assisted dying is accessible, safe and ethically delivered.

    As the bill progresses, the debate must move beyond principle alone. The future of this legislation – and its real world impact – will depend on how well we address these deeply human, and deeply complex, practicalities.

    Suzanne Ost has previously received funding from the Arts and Humanities Research Council and the British Academy for research that she has conducted.

    Nancy Preston receives funding from Horizon Europe but not for her work on assisted dying. She is affiliated with European Association of Palliative Care where she Co-Chairs the Task Force on the role of palliative care professionals in supporting patients and families considering assisted dying.

    – ref. Assisted dying: five questions that need answering before it can work in pratice – https://theconversation.com/assisted-dying-five-questions-that-need-answering-before-it-can-work-in-pratice-256270

    MIL OSI – Global Reports –

  • MIL-OSI Global: Governments continue losing efforts to gain backdoor access to secure communications

    Source: The Conversation – USA – By Richard Forno, Teaching Professor of Computer Science and Electrical Engineering, and Assistant Director, UMBC Cybersecurity Institute, University of Maryland, Baltimore County

    Signal is the poster child for strong encryption apps. AP Photo/Kiichiro Sato

    Reports that prominent American national security officials used a freely available encrypted messaging app, coupled with the rise of authoritarian policies around the world, have led to a surge in interest in encrypted apps like Signal and WhatsApp. These apps prevent anyone, including the government and the app companies themselves, from reading messages they intercept.

    The spotlight on encrypted apps is also a reminder of the complex debate pitting government interests against individual liberties. Governments desire to monitor everyday communications for law enforcement, national security and sometimes darker purposes. On the other hand, citizens and businesses claim the right to enjoy private digital discussions in today’s online world.

    The positions governments take often are framed as a “war on encryption” by technology policy experts and civil liberties advocates. As a cybersecurity researcher, I’ve followed the debate for nearly 30 years and remain convinced that this is not a fight that governments can easily win.

    Understanding the ‘golden key’

    Traditionally, strong encryption capabilities were considered military technologies crucial to national security and not available to the public. However, in 1991, computer scientist Phil Zimmermann released a new type of encryption software called Pretty Good Privacy (PGP). It was free, open-source software available on the internet that anyone could download. PGP allowed people to exchange email and files securely, accessible only to those with the shared decryption key, in ways similar to highly secured government systems.

    Following an investigation into Zimmermann, the U.S. government came to realize that technology develops faster than law and began to explore remedies. It also began to understand that once something is placed on the internet, neither laws nor policy can control its global availability.

    Fearing that terrorists or criminals might use such technology to plan attacks, arrange financing or recruit members, the Clinton administration advocated a system called the Clipper Chip, based on a concept of key escrow. The idea was to give a trusted third party access to the encryption system and the government could use that access when it demonstrated a law enforcement or national security need.

    End-to-end encryption and backdoor access explained.

    Clipper was based on the idea of a “golden key,” namely, a way for those with good intentions – intelligence services, police – to access encrypted data, while keeping people with bad intentions – criminals, terrorists – out.

    Clipper Chip devices never gained traction outside the U.S. government, in part because its encryption algorithm was classified and couldn’t be publicly peer-reviewed. However, in the years since, governments around the world have continued to embrace the golden key concept as they grapple with the constant stream of technology developments reshaping how people access and share information.

    Following Edward Snowden’s disclosures about global surveillance of digital communications in 2013, Google and Apple took steps to make it virtually impossible for anyone but an authorized user to access data on a smartphone. Even a court order was ineffective, much to the chagrin of law enforcement. In Apple’s case, the company’s approach to privacy and security was tested in 2016 when the company refused to build a mechanism to help the FBI break into an encrypted iPhone owned by a suspect in the San Bernardino terrorist attack.

    At its core, encryption is, fundamentally, very complicated math. And while the golden key concept continues to hold allure for governments, it is mathematically difficult to achieve with an acceptable degree of trust. And even if it was viable, implementing it in practice makes the internet less safe. Security experts agree that any backdoor access, even if hidden or controlled by a trusted entity, is vulnerable to hacking.

    Competing justifications and tech realities

    Governments around the world continue to wrestle with the proliferation of strong encryption in messaging tools, social media and virtual private networks.

    For example, rather than embrace a technical golden key, a recent proposal in France would have provided the government the ability to add a hidden “ghost” participant to any encrypted chat for surveillance purposes. However, legislators removed this from the final proposal after civil liberties and cybersecurity experts warned that such an approach would undermine basic cybersecurity practices and trust in secure systems.

    In 2025, the U.K. government secretly ordered Apple to add a backdoor to its encryption services worldwide. Rather than comply, Apple removed the ability for its iPhone and iCloud customers in the U.K. to use its Advanced Data Protection encryption features. In this case, Apple chose to defend its users’ security in the face of government mandates, which ironically now means that users in the U.K. may be less secure.

    Apple pulled its advanced encryption service from the U.K. market rather than grant the U.K. government backdoor access.

    In the United States, provisions removed from the 2020 EARN IT bill would have forced companies to scan online messages and photos to guard against child exploitation by creating a golden-key-type hidden backdoor. Opponents viewed this as a stealth way of bypassing end-to-end encryption. The bill did not advance to a full vote when it was last reintroduced in the 2023-2024 legislative session.

    Opposing scanning for child sexual abuse material is a controversial concern when encryption is involved: Although Apple received significant public backlash over its plans to scan user devices for such material in ways that users claimed violated Apple’s privacy stance, victims of child abuse have sued the company for not better protecting children.

    Even privacy-centric Switzerland and the European Union are exploring ways of dealing with digital surveillance and privacy in an encrypted world.

    The laws of math and physics, not politics

    Governments usually claim that weakening encryption is necessary to fight crime and protect the nation – and there is a valid concern there. However, when that argument fails to win the day, they often turn to claiming to need backdoors to protect children from exploitation.

    From a cybersecurity perspective, it is nearly impossible to create a backdoor to a communications product that is only accessible for certain purposes or under certain conditions. If a passageway exists, it’s only a matter of time before it is exploited for nefarious purposes. In other words, creating what is essentially a software vulnerability to help the good guys will inevitably end up helping the bad guys, too.

    Often overlooked in this debate is that if encryption is weakened to improve surveillance for governmental purposes, it will drive criminals and terrorists further underground. Using different or homegrown technologies, they will still be able to exchange information in ways that governments can’t readily access. But everyone else’s digital security will be needlessly diminished.

    This lack of online privacy and security is especially dangerous for journalists, activists, domestic violence survivors and other at-risk communities around the world.

    Encryption obeys the laws of math and physics, not politics. Once invented, it can’t be un-invented, even if it frustrates governments. Along those lines, if governments are struggling with strong encryption now, how will they contend with a world when everyone is using significantly more complex techniques like quantum cryptography?

    Governments remain in an unenviable position regarding strong encryption. Ironically, one of the countermeasures the government recommended in response to China’s hacking of global telephone systems in the Salt Typhoon attacks was to use strong encryption in messaging apps such as Signal or iMessage.

    Reconciling that with their ongoing quest to weaken or restrict strong encryption for their own surveillance interests will be a difficult challenge to overcome.

    Richard Forno has received research funding related to cybersecurity from the National Science Foundation (NSF), the Department of Defense (DOD), and the US Army during his academic career since 2010.

    – ref. Governments continue losing efforts to gain backdoor access to secure communications – https://theconversation.com/governments-continue-losing-efforts-to-gain-backdoor-access-to-secure-communications-253016

    MIL OSI – Global Reports –

  • MIL-OSI United Nations: 16 May 2025 Departmental update Neglected tropical diseases centre-stage at the Seventy-eighth World Health Assembly

    Source: World Health Organisation

    Sunday 18 May 2025 10:30−13:30
     
    Restaurant Vieux-Bois, Avenue de la Paix 12    		 Snakebite envenoming : reaching our 2030 targets
     
    Host: Ministry of Health, Kenya    		 The objective of this meeting is to build visibility for snakebite on the global health agenda
     
    Sunday 18 May 2025
    17:30−19:30
     
    Restaurant Vieux-Bois, Avenue de la Paix 12
     
         		 Shared progress: how collaborative philanthropy can accelerate country-led health goals
     
    Host: Mohammed bin Zayed Foundation for Humanity    		 Under the theme Shared Progress: How Collaborative Philanthropy Can Accelerate Country-led Health Goals, the reception will convene country representatives; global health leaders; philanthropic organizations; and multilaterals to discuss how countries and donors can work collaboratively to forge new pathways for global health progress. 
    Monday 19 May 2025
    13:00−14:30
     
    Centre d’Accueil de la Genève Internationale (CAGI), La Pastorale, Route de Ferney 106    		 Protecting Progress: Integration for Infectious Disease Elimination in a Shifting Geopolitical Landscape
     
    Host: Global Institute for Disease Elimination (GLIDE)    		 The global health landscape is undergoing tectonic shifts, driven largely by the recent significant changes in traditional donor priorities. This, compounded by ongoing challenges of climate change and humanitarian crises threatens to erode decades of progress in eliminating preventable infectious diseases such as malaria, polio, and neglected tropical diseases (NTDs). Given this new reality, integration—both across disease programs and within broader health and development efforts—has never been more urgent.
    Tuesday 20 May 2025
    08:00−10:00
     
    Hôtel Royal, Rue de Lausanne 41    		 Health financing : what now ? What next? Insights from malaria, dengue & NTDs
     
    Hosts: Health Finance Coalition (HFC); Malaria No More; and the International Society for Neglected Tropical Diseases (ISNTD)    		 The world is witnessing major shifts in the global health landscape. Among these, the decrease in donor funding for climate-sensitive infectious and tropical diseases on the one hand, and the explosive growth of health threats such as arboviruses including dengue, as well as the persistent threat of malaria and Neglected Tropical Diseases (NTDs) on communities worldwide are likely to be among the most defining factors of future health policy.
    Tuesday 20 May 2025 17:00−19:00
     
    Pavillon Gallatin, Domaine de Penthes, Route de Pregny 26    		 5 Billion Mectizan Treatments Donated and Counting
     
    Hosts: Mectizan Donation Program, Task Force for Global Health    		 The event will celebrate the tremendous progress made towards the elimination of onchocerciasis and lymphatic filariasis, notably the 5 billion ivermectin (Mectizan) treatments that have been donated. Since 1987 MSD and the Mectizan Donation Program have provided Mectizan to eliminate onchocerciasis and lymphatic filariasis worldwide.
    Tuesday 20 May 2025 18:00−20:00
     
    Hôtel Président Wilson, Quai Wilson 47    		 Skin diseases as a global public health priority
     
    Hosts: International Alliance of Dermatology Patient Organizations (GlobalSkin), International League of Dermatology Societies (ILDS), Anesvad Foundation, Health Diplomacy Alliance    		 The event will discuss the importance of addressing skin diseases as a public health problem, and will provide critical discussions on the groundbreaking WHA resolution, “Skin Diseases as a Global Health Priority”.
    Wednesday 21 May 2025
    08:00−09:30
     
    Restaurant Vieux-Bois, Avenue de la Paix 12
         		 Strengthening Strategic Partnerships to fight VBDs, NTDs, and Emerging Infectious Diseases
     
    Hosts: Japan Pharmaceutical Manufacturers Assoc. (JPMA), Permanent Mission of Japan, IFPMA    		 As the field of global health undergoes significant transformation, we aim to raise global awareness of the challenges and solutions related to infectious diseases such as VBDs, NTDs, and emerging infectious diseases that have long affected LMICs. As part of this effort, we would like to overview the progress made and the challenges we face, as well as showcase strategic initiatives/contributions in this field by governments, private sector and international organizations
    Wednesday 21 May 2025
    09:00−13:30
     
    Campus Biotech Innovation Park, Avenue de Sécheron 15    		 Economics of elimination and NTDs
     
    Host: Global Institute for Disease Elimination (GLIDE)    		 The event will initiate an International Economics Working Group (IEWG) dialogue, share current work, and explore collaboration on the economics of elimination and neglected tropical diseases.
    Wednesday 21 May 2025
    12:00−15:00
     
    Geneva Press Club,
    Domaine de Penthes,
    Chemin de l’Impératrice 18    		 Accelerating NTD elimination through country-driven efforts and cross-border collaboration
     
    Hosts: Global Onchocerciasis Network for Elimination (GONE), African Union, END Fund, DNDi
     
    Member State Leadership: Cameroon, Chad, Djibouti, Eritrea, Ethiopia, Kenya, Niger, Nigeria, Senegal, Somalia, South Sudan, Sudan, Tanzania, Uganda    		 The purpose of the meeting is to share progress and celebrate successes of NTD elimination milestones, share cross-border collaboration examples, celebrate the endorsement of cross-border agreements and a Call for Action which will inspire and further enhance cross-border and multi-disease collaboration to accelerate progress towards global disease elimination targets. Ministers of Health of Chad, Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda will sign a MoU to End VL in Africa. The event will stress the importance of country ownership and strategies to reach NTD public health target and to mitigate the risk of losing the gains made over the past decades, highlighting the opportunity of the implementation of the proposed resolution on skin diseases at WHA78. A signature of an MoU for Visceral Leishmaniasis in East African countries will take place during the ceremony.
    Wednesday 21 May 2025 18:00−20:00
     
    Hõtel Royal, Rue de Lausanne 41    		 Roundtable dinner: The Future of Funding for NTDs
     
    Hosts: The END Fund, DEVEX    		 The event will be hosted by Kate Warren EVP and Executive Editor, Devex and Dr Solomon Zewdu, CEO, The END Fund. The roundtable dinner will bring together a select group of 10–12 senior stakeholders from the private sector, philanthropy, global health, policy and international financing organizations to engage in meaningful dialogue , enabling key decision-makers to share insights, align priorities and identify actions to accelerate progress in combating NTDs. Roundtable dinner: The Future of Funding for NTDS
    Wednesday 21 May 2025 18:30−19:30
     
    Colladon Parc Restaurant,
    Chemin Colladon 5,
    Petit-Saconnex    		 Reception for countries endemic for dracunculiasis (Guinea-worm disease) and in pre-certification Guinea
     
    Hosts: Ministry of Health, Chad and The Carter Center    		 The reception will be an occasion to celebrate the tremendous progress toward eradication, rally behind the WHA Resolution being voted on, reflect on commitments made in the Abu Dhabi Declaration and N’Djamena Commitment, and look ahead to what remains to achieve Guinea worm eradication by the year 2030.
    Wednesday 21 May 2025 18:30−20:30
     
    The International Red Cross & Red Crescent Museum, Geneva, Avenue de la Paix 17    		 “A seat at the table” – art installation
     
    Hosts: Gilead Sciences, Harvard Medical School Center for Primary Care Program in Global Primary Health Care, International Alliance of Patient Organizations (IAPO) and UNAIDS    		 Frontline AIDS in collaboration with the Female Genital Schistosomiasis Integration Group (FIG), Education as a Vaccine, Alliance for Public Health, and LVCT Health will contribute artwork to this important event. It will feature stories and an art installation that bring the importance of people-centered care into focus— addressing the imbalance of power in which people with lived experience of disease are too often left out of health system decision-making.
    Wednesday 21 May 2025 18:30−21:00
     
    Hôtel Mandarin Oriental,
    Quai Turrettini 1    		 Ministerial summit: REACH network
     
    Hosts: Nigeria, REACH Network (Chairs: Minister Muhammad Ali Pate [Nigeria] and Professor Samba Sow [former Minister of Health, Mali])    		 The event is convened to reinforce ministerial commitment from existing REACH countries and expand the network’s impact by engaging potential new member countries. It will emphasize integrated, equitable and evidence-driven child survival strategies, particularly mass drug administration of azithromycin
    Thursday 22 May 2025
    08:00−10:00
     
    Hôtel Président Wilson,
    Quai Wilson 47    		 Surveillance and innovation for dengue & arboviruses: international unity to avert future health emergencies
     
    Host: the International Society for Neglected Tropical Diseases    		 The event will focus on updates on the progression of the arboviral threat worldwide (dengue, chikungunya, yellow fever, Oropouche fever), will provide a platform for Member States to make statements on arboviruses experiences and collaborative surveillance strategies, will enable discussions among participants, will serve as a forum for exchange of best practices and networking among participants
    Thursday 22 May 2025
    12:00−14:00
     
    Hôtel Intercontinental,
    Chemin du Petit-Saconnex 7−9    		 Innovation Meets Unity: Advancing Global Health Solutions for Africa
     
    Host: Merck KGaA, Circle Diplomatique Genève    		 Global health leadership discussion to discuss diminished engagement with multilateral institutions which has resulted in weakened health systems in Africa and diminished international support

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Secretary-General’s video message to the launch of the 2025 Global Report on Food Crises

    Source: United Nations secretary general

    Download the video:
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+29+Apr+25/3365764_MSG+SG+FOOD+CRISES+29+APR+25.mp4

    This Global Report on Food Crises reflects a world dangerously off-course.

    Hunger is not a crisis bound to one place or time: it’s a chronic catastrophe.

    Fueled by conflict, geopolitical tensions, climate chaos, and economic upheaval – food and nutrition crises are rampant and rising.  

    Over 295 million people faced hunger in 2024, the sixth year in a row of rising need.

    From Gaza and Sudan, to Yemen and Mali, conflict-driven hunger is shattering records.

    And climate change is accelerating the crisis, wiping out harvests, livelihoods, and hope.

    Weather extremes are pushing nearly 100 million people to the brink of hunger.

    Just as food insecurity and malnutrition are gaining pace, our ability to respond is hitting the brakes.  

    The dramatic reduction in lifesaving humanitarian funding is compounding the hunger crisis.  

    And the prospect of a trade war will only make things worse.

    Ensuring a food-secure future means rallying financial resources and driving innovation.

    It calls for fair, transparent trade systems that ensure food can move where it’s needed, especially during crises.

    And it requires global solidarity to build resilient, inclusive and sustainable food systems for all.

    The UN Pact for the Future, adopted in September 2024, reignites momentum for this vital mission.

    My message is clear: we must heed the dire warnings in this report.

    This July, the Second United Nations Food Systems Summit Stocktake – taking place in Addis Ababa – will be an opportunity for all of us to unite and boost our efforts.

    The time to act is now. Let’s end hunger, together.

    ***
     

    MIL OSI United Nations News –

  • MIL-OSI: Medallion Bank Announces Pricing of Series G Preferred Stock Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBKNP), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has priced a public offering of 3,000,000 shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”) and an aggregate liquidation amount of $75 million.

    Dividends will accrue on the liquidation amount of $25 per share of the Series G Preferred Stock at a fixed rate per annum equal to (i) 9.00% from the original issue date of the Series G Preferred Stock to, but excluding, July 1, 2030, and (ii) from and including July 1, 2030, at a rate equal to the five-year U.S. Treasury rate plus 4.94% per annum. Dividends will be payable in arrears on January 1, April 1, July 1 and October 1 of each year, commencing October 1, 2025. In each case, dividends will be paid only when, as and if declared by the board of directors of Medallion Bank (or a duly authorized committee of the board) and to the extent Medallion Bank has legally available funds to pay dividends.

    Medallion Bank’s Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “MBNKO.” The underwriters have also been granted a 30-day option to purchase up to an additional 450,000 shares of the Series G Preferred Stock solely to cover over-allotments, if any. Medallion Bank will remain a wholly owned subsidiary of Medallion Financial upon completion of the offering.

    Medallion Bank intends to use the net proceeds from this offering for general corporate purposes, which may include, among other things, increasing Medallion Bank’s capital levels, growing its consumer loan portfolios or redeeming some or all of its outstanding Series F Non-Cumulative Perpetual Preferred Stock (the “Series F Preferred Stock”), subject to the prior approval of the Federal Deposit Insurance Corporation. The offering is expected to close on May 22, 2025, subject to customary closing conditions.

    Piper Sandler & Co. and Lucid Capital Markets, LLC are acting as joint book-running managers. A.G.P./Alliance Global Partners, B. Riley Securities, Inc., InspereX LLC, Ladenburg Thalmann & Co. Inc., Muriel Siebert & Co., LLC, Wedbush Securities Inc., and William Blair & Company, L.L.C. are acting as lead managers.

    The offering of the Medallion Bank’s Series G Preferred Stock is exempt from the registration requirements of the Securities Act of 1933 pursuant to Section 3(a)(2) of that Act and will be made only by means of an offering circular. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The securities are neither insured nor approved by the Federal Deposit Insurance Corporation or any other Federal or state regulatory body.

    The preliminary offering circular relating to the offering is available at medallionbankoffering.com. In addition, copies of the preliminary offering circular may also be obtained from: Piper Sandler & Co.; Attn: Debt Capital Markets, 1 Greenwich Plaza, 1st Floor, Suite 111, Greenwich, CT 06830, or by email at fsg-dcm@psc.com.

    About Medallion Bank

    Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp.

    This press release contains “forward-looking statements”, which reflect Medallion Bank’s current views with respect to future events and which address matters that are, by their nature, inherently uncertain and beyond Medallion Bank’s control. These statements are often, but not always, made through the use of words or phrases such as “expect” and “intend” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These statements relate to the offering of shares of the Series G Preferred Stock, the anticipated use of the net proceeds by Medallion Bank and the grant to the underwriters of an option to purchase additional shares of the Series G Preferred Stock. No assurance can be given that the transaction discussed above will be completed on the terms described, or at all, or that Medallion Bank will decide to redeem its Series F Preferred Stock or, if it does, the amount to be redeemed and the timing of redemption and required regulatory approval. Completion of the offering on the terms described, including the grant of the option to the underwriters, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of Medallion Bank. Medallion Bank undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a description of certain risks to which Medallion Bank is or may be subject, please refer to the factors discussed under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” in Medallion Bank’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.

    This press release does not constitute a notice of redemption with respect to the Series F Preferred Stock. If Medallion Bank decides to redeem the Series F Preferred Stock, it intends to announce its decision by press release and an appropriate notice of redemption during the applicable notice window.

    Company Contact:
    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com

    The MIL Network –

  • MIL-OSI: insightsoftware Launches Spreadsheet Server Integration with Infor M3 Cloud, Accelerating Self-Service Reporting in Excel

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., May 16, 2025 (GLOBE NEWSWIRE) — insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced Spreadsheet Server from insightsoftware now integrates with the Infor M3 Cloud ERP platform. This integration empowers finance teams in manufacturing and distribution to build and refresh reports directly in Excel – eliminating manual work, streamlining reporting cycles, and enabling faster, more confident decision making.

    With over 2,000 customers in manufacturing and distribution, Spreadsheet Server is designed to streamline financial reporting. Now with Lineos, AI powered by insightsoftware, Spreadsheet Server enhances productivity by surfacing trends and identifying data anomalies. It provides finance professionals with accurate, actionable insights on operations including inventory, sales, orders, invoices, and vendor performance.

    “Finance teams live in Excel, and getting real-time data from other systems has always been a challenge that slows down reporting, analysis, and decision making,” said John Miller, VP, Product Management, ERP Reporting & BI at insightsoftware. “By embedding AI into a tool finance relies on and integrating with a commonly used cloud-based ERP, insightsoftware is removing friction and giving teams immediate access to deeper, more actionable insights. We make it easier for finance professionals to get the information they need, right in the tools they love and use every day.”

    With Spreadsheet Server, finance teams can seamlessly access Infor data in Excel and build reports using the skills they already have—without relying on IT, manually configuring data in a browser, or second-guessing outdated numbers. This translates to faster cash flow visibility, more accurate insights into operations, and less time spent cleaning data. Instead of chasing numbers, finance professionals can focus on driving performance and strategic value.

    Discover practical solutions for overcoming common reporting challenges for Infor ERP users by watching Five Effective Strategies for Infor ERP Reporting Challenges.

    About insightsoftware
    insightsoftware is a global provider of comprehensive solutions for finance, accounting, and operations teams. We believe an actionable business strategy begins and ends with accessible data. With solutions across business intelligence, embedded analytics, data integration, and data management, we transform how enterprises operate with data; be that of application, data, IT and product teams, as well as independent software vendors (ISVs) for their customers. We bring data and insights anywhere, with an emphasis on seamless integration, customization, and composability. With data at the heart of everything we do, we enable product teams to drive decision intelligence, improve customer retention and engagement, and monetize data through self-service analytics. Learn more at insightsoftware.com.

    Media Contacts
    Inkhouse for insightsoftware
    insightsoftware@inkhouse.com

    Daniel Tummeley
    Corporate Communications Manager
    PR@insightsoftware.com

    The MIL Network –

  • MIL-OSI: Nutanix Announces Updates to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    New Board Member Eric K. Brandt Brings Extensive Leadership and Finance Experience to Nutanix Board

    David Humphrey Resigns from Nutanix Board

    SAN JOSE, Calif., May 16, 2025 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced today that it has added Eric K. Brandt to its board of directors, effective May 15, 2025.

    “Eric brings deep expertise in both CEO and CFO roles across a variety of industries. His long-term service on boards of public companies also gives him a richness of experience from which Nutanix is sure to benefit,” said Virginia Gambale, Chair of the Board at Nutanix. “I look forward to serving with him together on the Nutanix board as the company continues to focus on driving sustainable, profitable growth while providing customers with a single platform for running applications and managing data, anywhere.”

    Brandt is a seasoned executive and board director with more than 30 years of global experience spanning finance, operations, and corporate governance. He served as Chief Financial Officer of Broadcom Corporation from 2007 until it was acquired by Avago Technologies Limited in 2016, where he played a pivotal role in the company’s growth into one of the world’s largest semiconductor firms. Prior to that, he held senior executive positions, including President and CEO of Avanir Pharmaceuticals, Inc. and Chief Financial Officer of Allergan, Inc. Brandt currently serves on the boards of Gen Digital Inc., Lam Research Corporation, The Macerich Company, and Option Care Health, Inc. He previously served on the boards of Altaba Inc. and DENTSPLY SIRONA Inc., among others. He holds a B.S. in Chemical Engineering from the Massachusetts Institute of Technology and an M.B.A. from Harvard Business School.

    Additionally, David Humphrey resigned from Nutanix’s board of directors, effective May 15, 2025. Humphrey, a Partner at Bain Capital, joined the Nutanix Board as part of Bain Capital’s $750 million investment in September 2020. Following Humphrey’s resignation, Max de Groen, another Partner at Bain Capital, will continue to serve as a member of Nutanix’s board of directors.

    “We thank David for the constructive engagement, guidance and expertise that he brought to the board during a period of significant transformation and growth for Nutanix,” said Gambale. “We are grateful for his valuable contributions and the investment of service he has made over the past four years.”

    “Since Bain Capital’s investment in September 2020, Nutanix has grown substantially, evolved into a hybrid multicloud leader, and scaled its profits and cash flows significantly. We are impressed by the company’s performance and believe it has significant opportunity ahead as well,” said Humphrey. “Bain Capital remains a significant stockholder of Nutanix and continues to value its partnership with Nutanix,” added de Groen. “I look forward to my continued service on the Nutanix Board.”

    About Nutanix

    Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.

    © 2025 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. All other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. This release contains express and implied forward-looking statements. Such statements are not historical facts and are instead based on Nutanix’s current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond Nutanix’s control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, Nutanix assumes no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.

    Investor Contact:

    Richard Valera
    ir@nutanix.com

    Media Contact: Jennifer Massaro
    pr@nutanix.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6fcb69a5-92eb-43fd-b900-5322ebf501cc

    The MIL Network –

  • MIL-OSI: Rate Welcomes Mike Buffler to Expand Mortgage Access for Entertainment Clients

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 16, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, today announced the addition of Mike Buffler to its team of expert loan originators. With more than 13 years of experience in the entertainment banking industry, Buffler brings specialized knowledge in serving high-net-worth clients, including athletes and musicians.

    Buffler joins Rate to offer his clients broader access to home financing options. “Unlike traditional banks that often offer a limited range of products, my goal is to provide access to a wide variety of mortgage solutions tailored to each client’s unique circumstances,” said Buffler. “I believe that every borrower, regardless of their wealth status, requires expert advice and guidance when financing a home.”

    “Through my work with athletes and entertainers, I have had the privilege of advising borrowers and their management teams on how to incorporate leverage into their wealth strategies effectively,” continued Buffler. “It is fulfilling to see an athlete retire or a musician return from touring, knowing they are returning to a home financed not out of necessity, but as part of a well-considered, strategic plan—one that ensures their financial future is built on a solid foundation.”

    Buffler joins Rate to leverage the company’s broad loan product offerings and deliver flexible, strategic mortgage solutions to his uniquely qualified clients nationwide.

    “We are thrilled to welcome Mike Buffler to the Rate family,” said Jeff Nelson, Chief Production Officer-East. “With over a decade of mortgage lending expertise specializing in the sports and entertainment industry, Mike brings unparalleled knowledge and passion to our team.”

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

    Media Contact:
    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75758699-67d1-494a-a17c-fda2d452ee2e

    The MIL Network –

  • MIL-OSI: Onfolio Holdings Inc. Announces First Quarter 2025 Financial Results and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., May 16, 2025 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) (OTC: ONFOP) (“Onfolio” or the “Company”), a company that primarily acquires and manages a portfolio of digital marketing and online education businesses, announces financial results for the first quarter ended March 31st 2025.

    Financial Highlights

    • First quarter revenue increased 77% to $2.81M vs. $1.58M in the prior year period and increased 12.8% from $2.49M in Q4 of 2024
    • First quarter gross profit increased 70% to $1.7M vs. $1M in the prior year period and increased 28% from $1.32M in Q4 of 2024
    • First quarter total operating expenses increased 71% to $2.49M vs. $1.45M in the prior year period and increased 23% from $2.01M in Q4 of 2024
    • First quarter net loss increased 72% to $0.80M vs. $0.47M in the prior year period and vs. a $0.14M gain in Q4 of 2024
    • Cash at 3/31/25 was $0.67M vs. $0.48M at 12/31/24

    “We substantially increased our revenue and gross profit during the first quarter of 2025. Our cash used in operations decreased to $0.14M, reflecting improvements in both operational discipline and revenue contribution,” said Onfolio Holdings CEO Dominic Wells.

    “While our net loss increased from $0.47M in Q1 2024, to $0.80M in Q1 2025, $0.27M of this was stock-based-compensation, most of which was a one-time expense, as well as $0.17M in higher amortization expense compared to the prior year. Taking these non-cash increases into account, our net loss improved year-on-year. During the first quarter of 2025, we continued our effort to improve operations within our portfolio companies, which has resulted in reduced cost, better efficiency, a renewed focus on organic growth and the development of new services.

    “During the first quarter of 2025, we also raised non-dilutive capital through the sale of our Series A Preferred Shares, which have consistently paid a 12% annual dividend for over four years. The additional capital was primarily used to strengthen our balance sheet and prepare for our next acquisition.

    “We remain highly focused on continued organic growth within our core digital marketing and online education business units and are pursuing strategic acquisitions to strengthen those businesses.

    “If we continue to execute well on our organic and strategic growth initiatives, we could achieve profitability during the second half of 2025,” concluded Dominic Wells.

    About Onfolio Holdings

    Onfolio Holdings acquires controlling interests in and actively manage small online businesses that we believe (i) operate in sectors with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) face minimal threats of technological or competitive obsolescence and (iv) can be managed by our existing team or have strong management teams largely in place. Through the acquisition and growth of a diversified group of online businesses with these characteristics, we believe we offer investors in our shares an opportunity to diversify their own portfolio risk. Visit www.onfolio.com for more information.

    Forward-Looking Statements

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results.

    Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1A “Risk Factors” in our most recent Form 10-K and 10Q; other risks to which our Company is subject; other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Onfolio Holdings, Inc.
    Consolidated Balance Sheets
     
          March 31       December 31  
          2025       2024  
                     
    Assets                
    Current Assets:                
    Cash   $ 666,115     $ 476,874  
    Accounts receivable, net     688,763       755,804  
    Inventory     47,027       65,876  
    Prepaids and other current assets     200,763       138,007  
    Total Current Assets     1,602,668       1,436,561  
                     
    Intangible assets     3,022,099       3,323,211  
    Goodwill     4,203,145       4,210,557  
    Fixed Assets     4,707       5,135  
    Due from related party     128,385       126,530  
    Investment in unconsolidated joint ventures, cost method     213,007       213,007  
    Investment in unconsolidated joint ventures, equity method     269,140       268,231  
    Other assets     3,495       9,465  
                     
    Total Assets   $ 9,446,646     $ 9,592,697  
    Liabilities and Stockholders Equity                
                     
    Current Liabilities:                
    Accounts payable and other current liabilities   $ 1,018,752     $ 969,068  
    Dividends payable     105,468       100,797  
    Notes payable, current     526,010       702,634  
    Notes Payable – Related Party, current     –       400,000  
    Contingent consideration     308,943       981,591  
    Deferred revenue     654,971       589,913  
    Total Current Liabilities     2,614,144       3,744,003  
                     
    Notes payable     790,000       450,000  
    Notes payable – related parties     1,049,000       1,049,000  
    Due to joint ventures – long term     –       –  
    Total Liabilities     4,453,144       5,243,003  
                     
    Commitments and Contingencies                
                     
    Stockholders’ Equity:                
    Preferred stock, $0.001 per value, 5,000,000 shares authorized                
    Series A Preferred stock, $0.001 par value, 1,000,000 shares authorized, 165,260 and 134,460 issued and outstanding at March 31, 2025 and December 31, 2024     165       134  
    Common stock, $0.001 par value, 50,000,000 shares authorized, 5,127,395 issued and outstanding at March 31, 2025 December 31, 2024     5,128       5,128  
    Additional paid-in capital     23,459,650       22,316,751  
    Accumulated other comprehensive income     97,152       68,105  
    Accumulated deficit     (19,976,595 )     (19,078,287 )
    Total Onfolio Inc. stockholders equity     3,585,500       3,311,831  
    Non-Controlling Interests     1,408,002       1,037,863  
    Total Stockholders’ Equity     4,993,502       4,349,694  
                     
    Total Liabilities and Stockholders’ Equity   $ 9,446,646     $ 9,592,697  
                     
    The accompanying notes are an integral part of these consolidated financial statements  
       
    Onfolio Holdings, Inc.
    Consolidated Statements of Operations
     
             
        For the Three Months Ended March 31,
        2025   2024
             
             
    Revenue, services   $ 1,796,595     $ 723,551  
    Revenue, product sales     1,015,348       863,351  
    Total Revenue     2,811,943       1,586,902  
                     
    Cost of revenue, services     1,016,860       366,706  
    Cost of revenue, product sales     87,963       215,860  
    Total cost of revenue     1,104,823       582,566  
                     
    Gross profit     1,707,120       1,004,336  
                     
    Operating expenses                
    Selling, general and administrative     2,221,346       1,185,184  
    Professional fees     237,905       180,190  
    Acquisition costs     33,410       94,341  
    Impairment of goodwill and intangible assets     –       –  
    Total operating expenses     2,492,661       1,459,715  
                     
    Loss from operations     (785,541 )     (455,379 )
                     
    Other income (expense)                
    Equity method income (loss)     909       (5,154 )
    Dividend income     2,250       –  
    Interest income (expense), net     (100,720 )     (17,720 )
    Other income     4,983       427  
    Gain on change in fair value of contingent consideration     54,173       –  
    Impairment of investments     –       –  
    Gain on sale of business     –       –  
    Total other income     (38,405 )     (22,447 )
                     
    Loss before income taxes     (823,946 )     (477,826 )
                     
    Income tax (provision) benefit     17,518       –  
                     
    Net loss     (806,428 )     (477,826 )
                     
    Net loss attributable to noncontrolling interest     12,041       664  
    Net loss attributable to Onfolio Holdings Inc.     (794,387 )     (477,162 )
                     
    Preferred Dividends     (103,921 )     (81,645 )
    Net loss to common shareholders   $ (898,308 )   $ (558,807 )
                     
    Net loss per common shareholder                
    Basic and diluted   $ (0.18 )   $ (0.11 )
                     
    Weighted average shares outstanding                
    Basic and diluted     5,127,395       5,107,395  
                     
    The accompanying notes are an integral part of these consolidated financial statements  
       
    Onfolio Holdings, Inc.
    Consolidated Statements of Stockholders’ Equity
    For the Three Months Ended March 31, 2025 and 2024
     
        Preferred Stock,
    $0.001 Par value    		   Common Stock,
    $0.001 Par Value    		    Additional    Accumulated   Accumulated
    Other    		    Non    Stockholders’ 
        Shares   Amount   Shares   Amount   Paid-In Capital   Deficit   Comprehensive
    Income    		   Controlling
    Interest    		   Equity
                                         
    Balance, December 31, 2024     134,460     $ 134       5,127,395     $ 5,128     $ 22,316,751     $ (19,078,287 )   $ 68,105     $ 1,037,863     $ 4,349,694  
                          –       –               –       –       –       –  
    Sale of preferred stock for cash     28,000       28       –       –       699,972       –       –       –       700,000  
    Preferred stock and common stock options issued for payment of contingent consideration     2,800       3       –       –       169,997       –       –       –       170,000  
    Stock-based compensation     –       –       –       –       272,930       –       –       –       272,930  
    Payment of note payble by NCI                                                             400,000       400,000  
    Preferred dividends     –       –       –       –       –       (103,921 )     –       –       (103,921 )
    Foreign currency translation     –       –       –       –       –       –       29,047       –       29,047  
    Distribution to non-controlling interest                                                             (17,820 )     (17,820 )
    Net loss     –       –       –       –       –       (794,387 )     –       (12,041 )     (806,428 )
                                                                             
    Balance, March 31, 2025     165,260       165       5,127,395       5,128       23,459,650       (19,976,595 )     97,152       1,408,002       4,993,502  
                                                                             
    Balance, December 31, 2023     92,260       93       5,107,395       5,108       21,107,311       (16,957,854 )     182,465       –       4,337,123  
                                                                             
    Acquisition of Business     17,000       17       –       –       484,983       –       –       126,000       611,000  
    Sale of preferred stock for cash     400       –       –       –       10,000       –       –       –       10,000  
    Stock-based compensation     –       –       –       –       17,887       –       –       –       17,887  
    Preferred dividends     –       –       –       –       –       (81,645 )     –       –       (81,645 )
    Foreign currency translation     –       –       –       –       –       –       (39,134 )             (39,134 )
    Distribution to non-controlling interest     –       –       –       –       –       –       –       –       –  
    Net loss     –       –       –       –       –       (477,826 )     –       (664 )     (478,490 )
                                                                             
    Balance, March 31, 2024     109,660     $ 110       5,107,395     $ 5,108     $ 21,620,181     $ (17,517,325 )   $ 143,331     $ 125,336     $ 4,376,741  
                                                                             
    The accompanying notes are an integral part of these consolidated financial statements
     
    Onfolio Holdings, Inc.
    Consolidated Statements of Cash Flows
    For the Three Months Ended March 31, 2025 and 2024
     
             
          2025       2024  
                     
    Cash Flows from Operating Activities                
    Net loss   $ (806,428 )   $ (477,826 )
    Adjustments to reconcile net loss to net cash provided by operating activities:                
    Stock-based compensation expense     272,930       17,887  
    Equity method loss (income)     (909 )     5,154  
    Dividends received from equity method investment     –       –  
    Amortization of intangible assets     301,112       125,219  
    Depreciation expense     428          
    Impairment of intangible assets     –       –  
    Change in FV of contingent consideration     (54,173 )     –  
    Net change in:                
    Accounts receivable     67,041       (33,681 )
    Inventory     18,849       117  
    Prepaids and other current assets     (56,786 )     (81,328 )
    Accounts payable and other current liabilities     49,684       (33,390 )
    Due to joint ventures     (1,855 )     3,557  
    Deferred revenue     65,058       34,284  
    Due to related parties     –       9,000  
                     
    Net cash used in operating activities     (145,049 )     (431,007 )
                     
    Cash Flows from Investing Activities                
    Cash paid to acquire businesses     –       (240,000 )
    Investments in unconsolidated entities     –       (10,000 )
    Investment in cryptocurrency     –       –  
    Net cash used in investing activities     –       (250,000 )
                     
    Cash Flows from Financing Activities                
    Proceeds from sale of Series A preferred stock     700,000       10,000  
    Proceeds from exercise of stock options     –       –  
    Payments of preferred dividends     (99,250 )     (70,122 )
    Distributions to non-controlling interest holders     (17,820 )     –  
    Proceeds from notes payable     –       350,000  
    Payments on note payables     (176,624 )     (25,743 )
    Payments on acquisition note payables     –       –  
    Proceeds from notes payable – related parties     –       –  
    Payments on note payables – related parties     –       –  
    Payments on contingent consideration     (108,475 )     –  
                     
    Net cash provided by financing activities     297,831       264,135  
                     
    Effect of foreign currency translation     36,459       (35,612 )
                     
    Net Change in Cash     189,241       (452,484 )
    Cash, Beginning of  Period     476,874       982,261  
                     
    Cash, End of Period     666,115     $ 529,777  
                     
    Cash Paid For:                
    Income Taxes   $ –     $ –  
    Interest   $ 100,720     $ 18,360  
                     
    Non-cash transactions:                
    Preferred dividends accrued   $ 103,921     $ 81,645  
    Notes payable issued for asset acquisitions   $ –     $ 440,000  
    Preferred stock issued for acquisitions   $ –     $ 425,000  
    Settlement of contingent consideration   $ 510,000     $ –  
    Non-controlling interest issued for settlement of note payable   $ 400,000     $ –  
                     
    The accompanying notes are an integral part of these consolidated financial statements         

    The MIL Network –

  • MIL-OSI: Security National Financial Corporation Reports Financial Results for the Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, May 16, 2025 (GLOBE NEWSWIRE) — Security National Financial Corporation (SNFC) (NASDAQ symbol “SNFCA”) announced financial results for the quarter ended March 31, 2025.

    For the three months ending March 31, 2025, SNFC’s after tax earnings decreased approximately 42%, or $3.1MM, from $7,475,000 in 2024 to $4,338,000 in 2025. Pre Tax earnings decreased approximately 42%, or $4.05MM, to $5.571MM (please see the table below).

    Scott Quist, Chairman of the Board, President, and Chief Executive Officer of SNFC, said, “A decrease in quarterly income is never our goal and falls below our self-set standards. Despite the decrease in net income, I believe that as a Company we performed operationally pretty well. Our Insurance Segment had its second best Q1 out of the last 5 years and our Death Care Segment had its 3rd best Q1 out of the last 5 years, which time period, it is important to note, includes the pandemic. Speaking now of our decrease in net income, of the approximate $4.05MM decrease in pretax quarterly income (see the table below), about 75%, or roughly $3MM, is attributable to decreases in both our realized and unrealized investment income. Our investment income can be, and is, “lumpy” between quarters and years, primarily due to its close relationship to real estate activities (home closings/lot sales) and secondarily to public equity markets.

    Speaking to our $3MM decline in investment income, and referring to that portion directly related to real estate activities, roughly 56%, or $1.7MM, is related to decreased construction profits and decreased gains on the sale of residential lots from our builder relationships. We simply participated in fewer home closings in Q1 2025 than in Q1 2024. I believe it is fair to say that in Q1 2025 the builders with whom we have profit-sharing relationships had more homes in the process of being built, but fewer closings. Margins appear to be consistent with 2024’s experience, but margins are always in issue until a home sale closes. Lastly, as a general real estate market comment, housing inventories and “days on market” appear to have increased, but not to a degree that causes alarm.

    Roughly 42%, or $1.25MM of our $3MM investment income decline, is due to stock market declines in Q1. Generally speaking, we have chosen to not liquidate our positions, so the aforementioned loss is simply a recognized, but unrealized, stock market loss as of March 31, 2025.

    Roughly $900K, or 22%, of the $4.05MM decrease in pretax income is related to an increase in our bad debt expense as prescribed by the adoption of CECL (Current Expected Credit Losses) in Q1 2024. Arguments can be credibly made that this accounting rule is simply another element of our investment income. In my view, CECL is a very formulaic and forward-looking calculation that places a heavier weight on outside factors at the time an asset is acquired and less weight on the company’s experience over the course of time. Time will tell if the Company’s allowances are appropriate, but in my view CECL did change, and does have the potential to further change in the future, the Company’s bad debt allowances based on factors that are outside of its control.

    After accounting for the investment income and related decreases, the remaining elements causing the decrease in income are smaller in net impact and are much more numerous and nuanced. One element that probably merits comment is Personnel Costs. Personnel Costs rose 11.7%, or roughly $2.2MM, over 2024. Roughly speaking 5 percentage points of that increase relates to general annual compensation increases for both staff and management. We find it important to remain marketplace competitive in our compensation or our experienced staff are recruited away from us. The remaining increase relates to increased staffing, pretty much across all levels. We are constantly reviewing operational costs to ensure that we remain operationally efficient, but the majority of this increase represents very deliberate strategic hirings of high-quality, high-performing individuals to augment our sales and fulfillment staffs where we determined that we needed greater capability to reach our growth goals. Growth is expensive but is nevertheless our constant goal. We believe these increased Personnel Costs to be necessary investments which will yield returns in the years to come.

    Despite the decrease in income, many accomplishments were made in the first quarter. In our Death Care Segment we increased families served by 4%, in what we believe to be a flat to declining mortality climate. In our Insurance Segment we have improved our premium margin by several percentage points, reflecting the increased premium rates we have been implementing over the last several years. The full effect of those margin increases will not be apparent for several years hence. In our Mortgage Segment we increased volume by 11% in Q1 2025 over Q1 2024, with an improved mix of products. Importantly, our Mortgage Segment was both profitable and cash flow positive in March.”

    SNFC has three business segments. The following table shows the revenues and earnings before taxes for the three months ended March 31, 2025, as compared to 2024, for each business segment:

      Revenues   Earnings before Taxes
       2025    2024         2025       2024      
    Life Insurance $ 49,287,000   $ 49,971,000   (1.4%)   $ 5,327,000     $ 8,530,000     (37.5%)
                           
    Cemeteries/Mortuaries $ 8,119,000   $ 8,787,000   (7.6%)   $ 2,238,000     $ 3,053,000     (26.7%)
                           
    Mortgages $ 25,334,000   $ 22,430,000   12.9%   $ (1,994,000 )   $ (1,964,000 )   (1.5%)
                           
    Total $ 82,740,000   $ 81,188,000   1.9%   $ 5,571,000     $ 9,619,000     (42.1%)
                           

    Net earnings per common share was $.18 for the three months ended March 31, 2025, compared to net earnings of $.31 per share for the prior year, as adjusted for the effect of annual stock dividends. Book value per common share was $14.68 as of March 31, 2025, compared to $14.45 as of December 31, 2024.

    The Company has two classes of common stock outstanding, Class A and Class C. There were 23,601,718 Class A equivalent shares outstanding as of March 31, 2025.

    This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in the statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

    If there are any questions, please contact Mr. Garrett S. Sill or Mr. Scott M. Quist at:

    Security National Financial Corporation
    P.O. Box 57250
    Salt Lake City, Utah 84157
    Phone (801) 264-1060
    Fax (801) 265-9882

    The MIL Network –

  • MIL-OSI: No Credit Check Loans Guaranteed Approval Direct Lender: Instant Small Payday Loans Online – No Denial, Direct Lenders Only! – 

    Source: GlobeNewswire (MIL-OSI)

    Brisbane, May 16, 2025 (GLOBE NEWSWIRE) —

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    Viva Payday Loans platform is unique in providing online payday loans that are fast, safe, and available 24/7. By emphasizing speed and confidentiality, Viva Payday Loans has emerged as the first choice for online credit check loans.

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    How Viva Payday Loans’s Direct Lender Network Ensures No Denial Loans

    Viva Payday Loans’s network consists of direct lenders specializing in guaranteed approval loans. The lenders do not solely depend on conventional credit checks but rather on your present financial standing. By considering factors like income and employment, Viva Payday Loans provides no denial of payday loans, even for individuals with a bad credit history.

    This large network provides Viva Payday Loans a competitive advantage when it comes to providing guaranteed approval loans and direct lender access, better ensuring you secure the loan that you need.

    Why Viva Payday Loans Provides Guaranteed Approval for Bad Credit Borrowers

    Viva Payday Loans has established its name by offering access to approval for individuals typically not accepted by mainstream lending avenues. Their emphasis on guaranteed approval for bad credit borrowers is based on their knowledge that credit scores don’t always paint the full picture of a person’s financial situation.

    Most individuals with poor credit histories are financially stable but have encountered temporary financial setbacks such as:

    • Medical crises
    • Loss of employment
    • Divorce
    • Natural disasters
    • Other situations beyond their control

    Viva Payday Loans understands that such individuals are entitled to financial products even with bad credit and operates only with lenders having this value system.

    The “guaranteed approval” feature is derived from Viva Payday Loans’s belief in their large pool of lenders and matching process. Although no financial product can guarantee 100% approval for all applicants, Viva Payday Loans’s method maximizes the chances of identifying a matching lender for each borrower’s case.

    The Viva Payday Loans Advantage for Credit-Challenged Borrowers

    Poor credit or credit-invisible borrowers frequently find themselves with no good lender to turn to. Viva Payday Loans offers a reputable site that welcomes a wide variety of credit profiles and matches users with lenders that provide payday loans and no credit online.

    Viva Payday Loans also streamlines the process of obtaining a loan through a simple online application and a high approval rate, making it well-suited for people in an emergency situation that requires immediate money.

     <<<< Need Fast Funds? Viva Payday Loans Approves You in Minutes! >>>>

    Viva Payday Loans’s Application and Funding Process – Instant Payday Loans Online Guaranteed Approval

    Viva Payday Loans has developed one of the most streamlined application and funding processes in the industry, allowing them to make good on the guarantee of instant payday loans online with guaranteed approval.

    Their simplified application process includes the following:

    Simple Online Application

    • Only takes around 5-10 minutes to fill out
    • Can be completed on any device with an internet connection
    • Gathers basic information regarding identity, income, employment, and banking information

    Immediate Matching System

    • Links applications with suitable lenders in real-time
    • Offers real-time processing of data

    Rapid Approval Decisions

    • The majority of borrowers have decisions within minutes
    • Permits instant examination of loan terms and offers

    Quick Funding Capabilities

    • Several borrowers receive money through direct deposit within the next business day
    • Some lenders provide same-day funding opportunities
    • Ideal for urgent financial requirements

     <<<< Your Emergency Cash Solution: Viva Payday Loans – Click to Qualify! >>>>

    Viva Payday Loans’s Small Payday Loan Options

    Viva Payday Loans’s rapid funding ability makes it a valuable asset for emergency financial circumstances. Whether you’re looking for a $100 emergency payday loan or a $500 cash advance no credit check, Viva Payday Loans has you covered. These small payday loans online are tailored for short-term expenses and are available even for individuals with poor credit.

    Benefits of small payday loans through Viva Payday Loans include:

    • Loan amounts start from as little as $100
    • Simplified approval processes
    • Faster funding times compared to larger loans
    • More manageable repayment terms
    • Shorter repayment periods
    • Potentially lower total costs

    Viva Payday Loans also offers flexibility in repayment, enabling borrowers to align their loan terms with their pay cycle, minimizing the likelihood of default.

    Viva Payday Loans’s No Credit Check Options vs. Traditional Loans

    Traditional bank loans usually involve high credit scores, extensive paperwork, and days (or even weeks) of waiting for approval. Viva Payday Loans, by contrast, offers online no credit check loans with quick approval and quick funding.

    This makes Viva Payday Loans’s services suitable for urgent requirements and easier for borrowers with bad credit who would otherwise be turned down because of previous credit records.

     <<<< Viva Payday Loans – Instant Payday Relief Is One Click Away! >>>>>

    Features and Benefits of No Credit Check Loans

    No credit check loans have a number of advantages:

    • Fast Approval: The majority of applicants are instantly approved.
    • Bad Credit Friendly: For people with bad credit or poor credit.
    • Direct Lender Access: No intermediaries—Viva Payday Loans links you directly to lenders with guaranteed approval loans.
    • Flexible Terms: Choice of payday loans, installment loans, and personal loans based on your requirements.

    Eligibility Criteria for Loans Without Credit Check

    Most direct lenders ask for:

    • Age 18+ (or age of majority in your state)
    • Valid government-issued ID
    • Active checking account for direct deposit
    • Regular income from employment or other source that is verifiable
    • Citizenship in the U.S. or permanent resident status

    Credit score is not a high consideration, so loans without credit are available to nearly anyone who qualifies based on the minimal requirements.

    Documents Usually Required:

    • Identification (driver’s license or state ID)
    • Income verification (recent paycheck stubs or bank statements)
    • Active bank account information (account number and routing number)
    • Contact information
    • Social Security Number

    Various Types of Emergency Loans | Instant Payday Loans Online Guaranteed Approval for Borrowers Looking for No Credit Check Payday Loans

    • Personal Loans

    Personal loans are utilized for multiple purposes and tend to have longer repayment periods. Traditional personal loans look into your credit score, but no credit check personal loans for bad credit individuals are provided by certain direct lenders.

    • Credit Card Cash Advances

    This provides you with the ability to withdraw cash against your credit limit. Yet, excessive interest charges and fees may turn this into an expensive proposition.

    • Payday Loans

    Short-term payday loans are ideal for emergencies. Viva Payday Loans offers online payday loans with guaranteed approval direct from lenders who don’t require a credit check.

    •  Title Loans

    These require a car title as collateral. While easy to obtain, the risk of losing your vehicle makes them a last resort.

    • Paycheck Advances

    Usually provided by an employer or a third-party software program, they enable access to earned wages before receiving a payday. They could act as payday loan alternatives.

      <<<< Viva Payday Loans – Get Cash Now, No Credit Check! >>>

    How Long Does It Take to Get Approved?

    With sites such as Viva Payday Loans, the majority of borrowers get immediate approval once they finish filling out the online application. The assessment is determined by income and employment status, not credit score.

    Payday Loans Online No Credit Check Instant Approval

    • Disbursement Schedule for Quick Loans No Credit Check

    Direct deposit of payday loans online guaranteed approval funds are typically made within 24 hours. 1-hour payday loans can be issued in some instances.

    • 1 Hour Payday Loans Online No Credit Check Instant Approval

    These are best in emergencies that necessitate same-day funding. Viva Payday Loans gives you access to direct lenders with 1-hour payday loans online with no credit check and instant approval.

    • $255 Payday Loans Online Same Day

    A fast way to borrow among Californians and residents in other states, the $255 payday loan has no credit check and is simple to obtain. Access to this loan can be obtained through the network of direct Viva Payday Loans lenders.

    Pros and Cons of No Credit Check Loans

    Pros:

    • Accessibility: Available to subprime borrowers with bad credit
    • Speed: Easy, rapid process to apply for and get money
    • Convenience: Easy online application with few documents required
    • No credit hit: Application doesn’t harm credit score
    • Flexibility: Money can be spent on many things
    • No collateral needed: Most are unsecured

    Cons:

    • High expense: Much higher interest rates and fees than regular loans
    • Short payment terms: Creates pressure to repay
    • Risk of debt cycles: Can cause renewal or rollover cycles
    • Limited credit building: Most don’t report a good payment history
    • Size restrictions: Usually, smaller loan sizes
    • Regulatory differences: Availability and terms differ by state

    For borrowers considering these loans, the most important point is grasping whether the short-term advantage is worth the long-term expense. These products should ideally be considered emergency measures and not part of general money management.

      <<<< Apply with Viva Payday Loans Today – Even If Credit Isn’t Perfect! >>>>

    No Credit Check Loan Scenario in the USA

    The demand for payday loans and no credit checks is growing as many Americans face falling credit scores. Sites such as Viva Payday Loans offer an essential solution to cope with this demand by providing loans with guaranteed approval and direct lender access.

    Small Payday Loans Online With No Credit Check

    1. Options to Small Payday Loans Online No Credit Check and Urgent Loans No Credit Check

    Other alternatives are credit unions, peer-to-peer loans, or a secured loan. These can have more favorable terms and lower interest.

    2. $500 Cash Advance No Credit Check Loans

    Viva Payday Loans’s network provides cash advances of up to $500 for borrowers who need money urgently. These loans are available with rapid approval and guaranteed approval even for bad credit borrowers.

    3. Emergency Loans No Credit Check

    These loans are only for medical bills, car repairs, or emergencies. Viva Payday Loans facilitates your timely access to these emergency loans with no credit check.

    How to Apply for No Denial Payday Loans Direct Lenders Only With No Credit Check?

    • Go to Viva Payday Loans’s website.
    • Complete the loan application.
    • Matched with a direct lender.
    • Accept the loan offer.
    • Fund via direct deposit.

    Types of Alternatives to No Credit Check Loans Guaranteed Approval: Direct Lenders for Instant Cash

    1. Payday Loans Online No Credit Check Instant Approval Alternatives up to $5000

    Sites such as Upstart or LendingClub provide greater loan amounts to those with better financial health, although they do involve a soft credit check.

     2. $255 Payday Loans Online Same Day No Credit Check Alternatives

    Apps such as Earnin or Dave provide paycheck advances with low fees and no conventional credit checks.

    3. 1 Hour Payday Loans Online No Credit Check Instant Approval

    These are ideal for emergencies, as provided by Viva Payday Loans and some select guaranteed approval direct lenders.

      <<<< Your Emergency Cash Solution: Viva Payday Loans – Click to Qualify! >>>>

    Alternatives to Loans for Bad Credit No Credit Check

    Consider alternatives such as secured loans, installment loans, or financial aid programs through community organizations.

    Some Risk-Free Alternatives to No Credit Check Loans – Alternatives to Unsecured Installment Loans

    1. Secured Loans

    Employ collateral such as a vehicle or savings account to secure lower rates and improved terms.

    2. Credit Unions

    Credit unions tend to provide improved rates and lenient approval for bad credit members.

    3. Peer-to-Peer Lending

    Sites such as Prosper or LendingClub provide personal loans with less stringent credit check requirements.

    4. Tribal Loans No Credit Check

    These are provided by Native American tribes and are not subject to state regulations, but costs can be high.

    What Are the Risks of No Credit Check Loans?

    Although no credit check loans offer useful access to capital for many borrowers, they involve serious risks that must be carefully weighed:

    • High APRs
    • Short time to repay
    • Risk of debt trap if not used responsibly
    • No Credit Building Benefits
    • Limited Regulation in Some States
    • Aggressive Collection Practices

    Why Go For No Credit Check Loans?

    These loans open the door to funds when conventional banks close them because of bad credit or no credit history. These loans offer instant approval, are simple to apply for, and are ideal for emergencies.

    Loan Services and Borrowing Options – How to Find a Reputable No Credit Check Loan Direct Lender?

    Always choose licensed and transparent websites like Viva Payday Loans. Search for lenders who provide:

    • Simple loan terms
    • No concealed charges
    • Direct access to the lender
    • Reasonable repayment solutions

    Where to Get The Best No Denial Payday Loans From Direct Lenders Only With No Credit Check?

    Viva Payday Loans is the best lender platform for bridging borrowers and direct lenders of good standing, providing no-denial payday loans. They have a comprehensive network, fast application process, educational tools, and transparency guarantees that make them the best alternative for credit-hard-pressed borrowers looking for guaranteed funding solutions with approval possibilities.

      <<<< Need Fast Funds? Viva Payday Loans Approves You in Minutes! >>>>

    Final Thoughts

    No credit check loans with guaranteed approval direct lenders such as Viva Payday Loans provide a convenient solution for individuals facing bad credit or financial crises. From personal loans to payday loans, Viva Payday Loans provides quick approval, flexible terms, and peace of mind. Whether you require a small cash advance or an emergency loan, the correct platform can be the difference-maker.

    Secure your financial future—begin your online loan process with Viva Payday Loans today.

    Frequently Asked Questions

    What is the easiest loan to get with no credit?

    Payday and installment loans are generally simplest to obtain with no credit.

    Who is the easiest lender to get a loan from?

    Online lending platforms such as Viva Payday Loans, which have big networks of lenders, usually have the easiest requirements.

    Can I get a loan with a 450 credit score in USA?

    Yes, you can get a short-term loan with 450 credit score from Viva Payday Loans.

    Can I get a loan with a 500 credit score?

    You can get a small personal loan or payday loan with your 500 credit score from direct lenders like Viva Payday Loans.

    Which loan company is best for bad credit?

    Viva Payday Loans is one of the best companies to locate lenders who accept bad credit.

    What is the best legit payday loan app?

    Viva Payday Loans is a legitimate and secure method to locate payday loan offers.

    Can I get a loan without a credit check?

    Yes, there are lenders like Viva Payday Loans that will lend you money without doing a hard credit check.

    Which loan company is easiest to get?

    Viva Payday Loans is undoubtedly one of the easiest sites to have a quick loan approved.

    Disclaimer: This announcement contains general information about Get Payday Loan loan services and should not be considered financial advice. Loans are available to US residents only.

    Media Details:

    Website – https://vivapaydayloans.com/

    Company name – Viva Payday Loans

    Email – support@vivapaydayloans.com

    Address – 4/134 Constance St, Fortitude Valley QLD 4006, Australia

    Phone – +61 455 466 131

    Attachment

    The MIL Network –

  • MIL-OSI Global: New chancellor, old constraints: Germany’s Friedrich Merz will have a hard time freeing the country from its self-imposed shackles

    Source: The Conversation – Global Perspectives – By Mark I. Vail, Worrell Chair of Politics and International Affairs, Wake Forest University

    German Chancellor Friedrich Merz has had an uncertain start to his tenure. John MacDougall/AFP via Getty Images

    Friedrich Merz received a rude shock on the morning of May 6, 2025, as he prepared to lose the “in-waiting” qualifier from his title as German chancellor.

    After weeks of negotiations following February’s federal election, Merz’s Christian Democrats (CDU) had struck a coalitional bargain with the center-left Social Democrats (SPD), giving the bloc a thin majority of 13 seats in the 630-member Bundestag, the lower house of Germany’s parliament. Yet, Merz still struggled to ratify his chancellorship.

    He fell short of the majority he needed on the first vote, with 18 members of his coalition voting against him.

    Though he was elected on a second ballot, the initial “no” vote was unprecedented for an incoming chancellor in the postwar federal republic, with insiders claiming that some of those voting “no” were conservatives opposed to Merz’s push to loosen German fiscal rules. Aside from the immediate political embarrassment, the vote was symptomatic of something else: a more deep-seated weakness in both the new chancellor and his government. As a scholar of German politics and history and the author of a forthcoming book on German state traditions and economic governance, I see Merz’s problems, and those of his country, as having deep historical roots.

    Taking the brakes off?

    For Germany and Europe, the stakes in the run-up to the vote to ratify Merz as chancellor could not have been higher – a cascade of crises confronts both. As SPD’s parliamentary leader Jens Spahn noted in the run-up to the May 6 vote: “All of Europe, perhaps the whole world, is watching this ballot.”

    The German chancellor is looking to strengthen both Europe and Germany through firm leadership and heavier spending. He has promised a massive increase in defense outlays in order to create the “strongest conventional army in Europe,” to counter the threat from a bellicose Russia and the United States’ wavering over traditional security commitments to the continent.

    This broad vision, however, is confronted by a number of obstacles, most importantly the so-called “debt brake.” Adopted after the 2008 financial crisis, this “brake” limited annual deficits to a paltry 0.35% of gross domestic product and proscribed any debts at all for the German “Länder,” or regions.

    In March, soon after the February election but before the seating of the new Bundestag, then-presumptive Chancellor Merz called for an exemption to the debt brake for defense spending above 1% of annual gross domestic product, with a promise to do “whatever it takes” to bolster Germany’s military and verbally committing to spend up to US$1.12 trillion (1 trillion euros) over 10 years. The outgoing parliament agreed and also created a $560 billion (500 billion euros) fund dedicated to rehabilitating Germany’s crumbling infrastructure.

    But Merz’s plans to revitalize Germany’s military and infrastructure could be seriously undermined by domestic forces – both within and outside of his coalition. It runs up against long-standing German norms and ideologies that threaten to hamper the state’s capacity and the government’s ability to act decisively.

    Ambivalence about state power

    This wobbly start to the new government hearkens back to old and deeply rooted divisions about the character of the post-World War II German state.

    In the late 1960s, West German Chancellor-to-be Willy Brandt quipped that the federal republic had become an “economic giant but a political dwarf.”

    Though the phrase would become a cliché, it captured both the fraught legacies of World War II and older German ambivalence about state power, which had long been associated with authoritarian politics under both the Nazis and the Wilhelmine Reich following German unification under Bismarck in 1871.

    U.S. President John F. Kennedy, left, rides through the streets of Berlin with West Berlin Mayor Willy Brandt, center, and Chancellor Konrad Adenauer.
    Bettmann/Contributor

    Until the 1980s, such constraints posed relatively few problems. The country’s postwar “economic miracle” legitimized the fledgling democratic state, while empowering capital and labor within the export sectors that fueled the boom. This effectively devolved political power to economically strategic actors.

    These institutional features also reflected a distinctive postwar model of German politics that weakened centralized power. Achieved in the late 1940s by Chancellor Konrad Adenauer, West German sovereignty was fragmented: domestically by federalism and decentralized political institutions, and internationally through integration into NATO and the European Economic Community.

    This “semi-sovereign state,” in political scientist Peter Katzenstein’s famous formulation, helped reclaim German moral credibility from the ashes of fascism and genocide. A decentralized state with robust checks and balances was viewed as both a bulwark against authoritarianism and a recipe for export-led growth and political stability.

    Even after the restoration of full sovereignty with German reunification in 1990, German officials still trod lightly. Their concern was that a more assertive Germany would reawaken old fears about German militarism. Moreover, they were content to privilege economic rather than military power as the coin of their peculiar realm.

    A nation of Swabian housewives?

    The historical ambivalence about the German state’s role and related dilemmas about German power will not be easy for Merz to resolve.

    With respect to Germany’s capacity for decisive leadership, the past three years suggest that much work remains to be done. Confronted with a series of unprecedented shocks − from Russian military aggression in Ukraine, to the attendant energy crisis that exposed German dependence on imported Russian gas, to the rise of the far-right Alternative für Deutschland (AfD) − Merz’s predecessor, Social Democrat Olaf Scholz, called in 2022 for a “Zeitenwende,” or “epochal change,” in defense and energy policy.

    But instead, Scholz’s “traffic light coalition” of (yellow) Liberals, Greens, and (red) Social Democrats dithered and bickered, eventually succumbing to a rare – in German politics – public interparty squabble that ultimately brought down the government in late 2024.

    Reluctant to send its most advanced weapons – notably long-range Taurus cruise missiles – to Ukraine, and unable to overcome the Liberals’ hostility to badly needed fiscal expansion, Scholz was criticized for leading from behind, wary of backlash from pacifist currents in the German electorate and captive to long-held German concerns over expanding the national debt.

    Merz is looking not to repeat the same mistakes. But to accomplish his vision of a revitalized and more secure Germany, he has to overcome both the debt brake and, even more important, the deep ideological currents that gave rise to it.

    These factors intensified long-standing constraints on defense spending, which had failed to keep up with inflation for much of the 2000s and remained far below the NATO norm of 2% of annual gross domestic product.

    The “brake” was subsequently embraced by governments of both left and right, from SPD Chancellor Gerhard Schröder’s “Red-Green” coalition of 1998 to 2005 to the governments of Christian Democrat Angela Merkel from 2005 to 2021. As is abundantly clear in the pages of Merkel’s recent memoir, the proverbial character of the frugal “Swabian housewife” was one that she relished rather than resisted.

    But to many observers, this fetishization of austerity has contributed to decades of underinvestment in domestic infrastructure − from roads, to schools, to public buildings, to broader public services − failures which the AfD has been eager to exploit. And as promising as it seems, Merz’s commitment of $560 billion (500 billion euros) is approximately equivalent to the country’s existing needs, without accounting for future depreciation.

    Far-right activists gather near the Ostkreuz railway station in Berlin, Germany, on March 22, 2025 .
    Omer Messinger/Getty Images

    Even Germany’s traditionally punctual train service has become a laughingstock, with jokes about late or canceled trains now standard fare for German comics.

    Going beyond rhetoric

    It remains unclear whether Merz’s rhetorical shift and a constitutional change that permits but does not in itself create more robust defense spending augur a new direction in German politics, or whether Europe’s largest economy will continue to be hobbled by self-imposed constraints and parliamentary squabbling. If the latter happens, Germany risks both continued economic decline and bolstering the AfD, whose support comes disproportionately from economically stagnant former Eastern regions, and which last month surpassed Merz’s CDU in public opinion polls.

    And despite Merz’s commitments, not a single euro of the promised military and infrastructure funds has yet been budgeted. And even if it were, that would not address the country’s yawning needs in other areas, such as state-funded research and development and education.

    Europe, too, needs Merz’s words to turn into action − and soon. The threat of Russia to the east and the turning tide of relations with Trump’s America to the west has put the EU in a bind and in need of strong leadership.

    Mark I. Vail does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. New chancellor, old constraints: Germany’s Friedrich Merz will have a hard time freeing the country from its self-imposed shackles – https://theconversation.com/new-chancellor-old-constraints-germanys-friedrich-merz-will-have-a-hard-time-freeing-the-country-from-its-self-imposed-shackles-256048

    MIL OSI – Global Reports –

  • MIL-OSI: MicroAlgo Inc. Announces a Quantum Entanglement-Based Novel Training Algorithm — Entanglement-Assisted Training Algorithm for Supervised Quantum Classifiers

    Source: GlobeNewswire (MIL-OSI)

    shenzhen, May 16, 2025 (GLOBE NEWSWIRE) — Shenzhen, May. 16, 2025––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced the development of a novel quantum entanglement-based training algorithm — the Entanglement-Assisted Training Algorithm for Supervised Quantum Classifiers. They also introduced a cost function based on Bell inequalities, enabling the simultaneous encoding of errors from multiple training samples. This breakthrough surpasses the capability limits of traditional algorithms, offering an efficient and widely applicable solution for supervised quantum classifiers.
    The core of MicroAlgo’s entanglement-assisted training algorithm for supervised quantum classifiers lies in leveraging quantum entanglement to construct a model capable of simultaneously operating on multiple training samples and their corresponding labels. Unlike traditional machine learning methods, quantum classifiers can not only process information from individual samples but also perform parallel processing of multiple samples in quantum states, thereby significantly enhancing training efficiency.
    The algorithm represents multiple training samples as qubit vectors using quantum superposition, and encodes their label information into quantum states through quantum gate operations. Due to the entangled relationships between qubits, the classifier can simultaneously operate on multiple samples at once. This characteristic breaks away from the conventional sample-by-sample processing paradigm, greatly improving both training speed and classification performance.
    Furthermore, the algorithm introduces a cost function based on Bell inequalities—an important theorem in quantum mechanics that highlights the distinction between quantum entanglement and classical information processing. By encoding classification errors of multiple samples simultaneously into the cost function, the optimization process is no longer limited to individual sample errors but instead considers the collective performance of multiple samples. This approach overcomes the local optimization issues common in traditional algorithms and significantly enhances classification accuracy.
    The implementation of MicroAlgo’s entanglement-assisted training algorithm for supervised quantum classifiers relies on several core components of current quantum computing technology: qubits, quantum gate operations, and quantum measurement. With these fundamental building blocks, the algorithm can efficiently process input data on a quantum computer.
    Representation and Initialization of Qubits: at the initial stage of the algorithm, the input training samples are transformed into qubits. Each training sample corresponds to one or more qubits, which are initialized into specific quantum states. To enable entanglement, entangling operations are performed between multiple qubits so that they can collaboratively process sample data in the subsequent steps.
    Construction of Quantum Entanglement: quantum entanglement is one of the core features of quantum computing. In this algorithm, training samples are arranged into an entangled state, meaning that information between samples is shared and processed through entanglement. This not only improves data processing efficiency but also accelerates convergence during the training process.
    Application of Bell Inequalities and Cost Function Optimization: a key application of quantum entanglement is in the use of Bell inequalities. In the algorithm, Bell inequalities are employed to construct the cost function, with the objective of minimizing classification errors. Unlike traditional methods, this cost function simultaneously accounts for errors from multiple samples, allowing the optimization process to focus on the collective performance of all samples rather than optimizing on a per-sample basis. Through rapid quantum algorithmic computation, the cost function can be efficiently minimized to achieve optimal classification results.
    Interpretation and Output of Classification Results: finally, the algorithm outputs the classification results through quantum measurement. In binary classification tasks, the input training samples are divided into two categories, while in multi-class tasks, they are assigned to multiple classes. The advantage of quantum computing lies in its parallel processing capability, enabling the system to complete complex classification tasks in a significantly shorter amount of time.
    The greatest advantage of this technology lies in its ability to leverage the unique properties of quantum entanglement to parallelize the training process across multiple training samples. This not only accelerates the training speed but also effectively enhances classification accuracy. Especially in problems involving large datasets, traditional methods often face computational bottlenecks, whereas quantum computing can easily overcome these limitations.
    In addition, the cost function based on Bell’s inequality is theoretically more robust than traditional error minimization methods. It can simultaneously handle the errors of multiple training samples, thereby avoiding the local optimum problems that may occur in conventional approaches. This makes the supervised quantum classifier particularly effective in complex classification tasks.
    However, quantum computing still faces many challenges. For instance, the stability and computational scale of quantum computers remain limiting factors. The number of qubits and their error rates can both impact the practical performance of the algorithms. Therefore, how to implement efficient algorithms on existing quantum computing platforms remains a technical hurdle that needs further breakthroughs.
    With the continuous advancement of quantum computing technology, quantum machine learning is bound to become a key direction for future technological innovation. The entanglement-assisted training algorithm of the MicroAlgo supervised quantum classifier opens up new possibilities in this field. By integrating quantum entanglement with traditional classification algorithms, this technology demonstrates great potential in improving training efficiency and enhancing classification accuracy. Although quantum computing still faces numerous challenges, with ongoing progress in hardware and deepening theoretical research, we have every reason to believe that quantum computing will bring about a revolution in the field of machine learning. In the future, quantum classifiers may not be limited to traditional binary classification tasks—they could potentially exhibit unparalleled advantages in even more complex domains.

    About MicroAlgo Inc.

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

    Forward-Looking Statements

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

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

    Contact

    MicroAlgo Inc.

    Investor Relations

    Email: ir@microalgor.com

    The MIL Network –

  • MIL-OSI: NowVertical Group Announces First Quarter 2025 Earnings Release Date and Financial Update Webinar

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 16, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, will announce its 2025 first quarter results after the market close on Wednesday, May 21, 2025. This will be followed by a webinar at on Thursday May 22, 2025, at 10:00 AM EST (7:00 AM PST), to discuss the Company’s financial results and provide a business outlook.

    Q1 2025 Financial Results Investor Webinar:

    NOW invites shareholders, analysts, investors, media representatives, and other stakeholders to attend our upcoming earnings webinar to discuss Q1 2025 results. Participants will include Sandeep Mendiratta, Chief Executive Officer; Christine Nelson, Interim Chief Financial Officer; and Andre Garber, Chief Development Officer. A live question-and-answer session will follow.

    Investor Webinar Registration:

    Time: Thursday, May 22, 2025, 10:00 AM in Eastern Time (US and Canada)

    Registration Link: https://us02web.zoom.us/webinar/register/WN_81iVl2rzQrS7E0lJ7xjlPA

    A recording of the webinar and supporting materials will be made available in the investor’s section of the company’s website at https://ir.nowvertical.com/news-and-media.

    About NowVertical Group Inc.
    The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.

    For further details about NowVertical, please visit www.nowvertical.com.

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

    For further information, please contact:

    Andre Garber, CDO 
     IR@nowvertical.com 
    +1(647)947-0223 

    Investor Relations:

    Bristol Capital Ltd.
    Stefan Eftychiou
     stefan@bristolir.com
    +1(905)326-1888 x60 

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (together “forward-looking statements”). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: NextNRG Reports Preliminary April 2025 Revenues up 154% Year-over-Year

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, May 16, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced preliminary unaudited financial results for April 2025.

    April 2025 Highlights:

    • Revenue: $5.82 million, up 154% year-over-year
    • Gallons Delivered: 1.78 million, up 207% year-over-year

    April marks another strong month of growth, supported by sustained volume increases and recent expansion into Oklahoma, alongside rising demand from national fleet clients using NextNRG’s on-demand fueling platform.

    “Our April performance further validates the strength of our business model and execution strategy,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG. “With year-over-year revenues more than doubling, we are seeing growing demand from national fleet operators who value the reliability, efficiency and sustainability of our smart fueling solutions. We’re not just delivering fuel, we’re laying the groundwork for a cleaner energy future. As we prepare to scale our Next Utility Operating System, our AI-powered microgrid systems, and wireless EV charging products, April’s results reflect our ability to grow rapidly while staying focused on operational efficiency and long-term value creation.”

    Note on Preliminary Results
    The financial results for April 2025 are preliminary and unaudited. Final results may differ and will be confirmed upon the completion of standard month-end and quarter-end closing procedures.

    About NextNRG, Inc.
    NextNRG, Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more, visit: www.nextnrg.com.

    Forward-Looking Statements
    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact
    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network –

  • MIL-OSI: CUSIP Request Volumes for New Municipal Securities Increase in April

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., May 16, 2025 (GLOBE NEWSWIRE) — CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2025. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new municipal identifiers, while monthly request volume for new corporate debt and equity identifiers slowed.

    North American corporate CUSIP requests totaled 7,676 in April, which is down 9.1% on a monthly basis. On an annualized basis, North American corporate requests were up 2.4% over April 2024 totals. The monthly decrease was driven by a 13.3% decline in request volume for U.S. corporate equity identifiers and a 29.8% decrease in request volume for U.S. corporate debt identifiers.

    The aggregate total of identifier requests for new municipal securities – including municipal bonds, long-term and short-term notes, and commercial paper – rose 24.0% versus March totals. On a year-over-year basis, overall municipal volumes were up 21.5% through the end of April. California led state-level municipal request volume with a total of 133 new CUSIP requests in April, followed by Texas (132) and New York (83).

    “While corporate debt and equity requests were down sharply in April due to tariff-induced market volatility, strong derivatives volume drove higher overall municipal issuance despite many municipal bond offerings being postponed during the month,” said Gerard Faulkner, Director of Operations for CGS. “We’ll be watching issuance volume in the coming months to see whether there may be pent up demand for new corporate issuance waiting on the sidelines.”

    Requests for international equity CUSIPs fell 18.9% in April and international debt CUSIP requests fell 28.5%. On an annualized basis, international equity CUSIP requests were up 12.8% and international debt CUSIP requests were up 21.0%.

    To view the full CUSIP Issuance Trends report for April, please click here.

    Following is a breakdown of new CUSIP Identifier requests by asset class year-to-date through April 2025:

    Asset Class 2025 YTD 2024 YTD YOY Change
    Long-Term Municipal Notes 148 104 42.3%
    U.S. Corporate Debt 10,972 8,234 33.3%
    Private Placement Securities 1,546 1,188 30.1%
    Municipal Bonds 3,306 2,690 22.9%
    Canada Corporate Debt & Equity 2,283 1,861 22.7%
    International Debt 2,234 1,846 21.0%
    International Equity 563 499 12.8%
    U.S. Corporate Equity 3,985 3,762 5.9%
    Syndicated Loans 909 892 1.9%
    CDs < 1-year Maturity 3,023 3,336 -9.4%
    Short-Term Municipal Notes 261 292 -10.6%
    CDs > 1-year Maturity 2,507 2,929 -14.4%


    About CUSIP Global Services

    CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA’s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.

    About The American Bankers Association

    The American Bankers Association is the voice of the nation’s $24.2 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.1 trillion in deposits and extend $12.6 trillion in loans.

    For More Information:

    John Roderick
    john@jroderick.com
    +1 (631) 584.2200

    The MIL Network –

  • MIL-OSI: Apollo to Present at the Bernstein 41st Annual Strategic Decisions Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Jim Zelter, President of Apollo Global Management, will participate in a fireside chat at the Bernstein 41st Annual Strategic Decisions Conference on Thursday, May 29, 2025 at 8:00 am EDT.

    A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: Richtech Robotics Expands ADAM Robot Capabilities with AI Powered Artisanal Espresso System

    Source: GlobeNewswire (MIL-OSI)

    New system utilizes advancements in physical AI to provide customers efficient and precise artisanal coffee products

    Las Vegas, NV, May 16, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, is expanding the capabilities of its AI-powered barista robot, ADAM, with a new artisanal espresso system debuting at the National Restaurant Association Show at McCormick Place Convention Center in Chicago from May 17 to May 20, 2025.

    “Richtech Robotics remains committed to delivering practical, revenue-generating AI solutions that solve high-need challenges in hospitality today,” said Matt Casella, President of Richtech Robotics. “As automation continues to reshape the service industry, our ADAM robot has already demonstrated its ability to craft high-quality lattes, boba teas, and more—earning praise from both business owners and consumers. With expanded coffee-based offerings, ADAM now bridges the gap between automation and artisanal craft, offering operators new ways to curate their unique customer experience.”

    The new artisanal coffee system features equipment commonly found in cafés worldwide, including a precision grinder, distribution and tamping equipment, and a hand-pressed espresso machine. This upgrade introduces a new layer of intelligence by applying ADAM’s physical AI capabilities to monitor and control the espresso-making process in real time. Using NVIDIA-powered AI vision, ADAM observes the water pressure during extraction and makes precise adjustments to optimize each shot. This interaction between perception and control moves beyond basic automation, demonstrating how AI can bring precision, adaptability, and consistency to traditionally manual tasks.

    With this upgrade, the company believes automation doesn’t have to mean compromise. ADAM’s advanced physical AI capabilities offer a way for businesses to serve high-quality, handcrafted beverages while maintaining workflow efficiency and stable staffing.

    In addition to crafting artisanal coffee, ADAM uses AI-enabled vision to detect when a customer approaches, prompting him to begin explaining each step of the process in real time.

    Attendees at the National Restaurant Association Show will be able to meet ADAM and see the new artisanal coffee system in action at booth #4084 in the south building on the exhibition floor.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the performance of Richtech Robotics’ products and the success of the Richtech Accelerator Program, including the likelihood of improving research efficiency and success rates.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the results of the Richtech Accelerator Program and the ability of AI-powered robotic solutions to improve efficiency. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: JOYY to Announce First Quarter 2025 Financial Results on May 26, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 16, 2025 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global technology company, today announced that it plans to release its first quarter 2025 financial results after the U.S. market closes on May 26, 2025.

    The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Monday, May 26, 2025 (9:00 AM Singapore/Hong Kong Time on Tuesday, May 27, 2025). Details for the conference call are as follows:

    Event Title: JOYY Inc. First Quarter 2025 Earnings Conference Call
    Conference ID: #10047454
       

    All participants may use the link provided below to complete the online registration process in advance of the conference call. Upon registration, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique PIN by email.

    PRE-REGISTER LINK: https://s1.c-conf.com/diamondpass/10047454-su0roj.html

    A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.joyy.com.

    The replay will be accessible through June 3, 2025, by dialing the following numbers:

    United States:   1-855-883-1031
    Singapore:
    Hong Kong:       		 800-101-3223
    800-930-639
    Conference ID:  #10047454
       

    About JOYY Inc.
    JOYY is a leading global technology company with a mission to enrich lives through technology. With a diversified product portfolio spanning live streaming, short-form videos, casual games, instant messaging, and emerging initiatives like advertising, JOYY has evolved beyond social entertainment into a multifaceted ecosystem powered by AI and data-driven technologies. Headquartered in Singapore and operating across the globe, JOYY has fostered a vibrant user community through its localized strategies. JOYY’s ADSs have been listed on the NASDAQ since November 2012.

    Investor Relations Contact
    JOYY Inc.
    Investor Relations
    Email: joyy-ir@joyy.com 

    The MIL Network –

  • MIL-OSI Economics: RBI imposes monetary penalty on Deutsche Bank AG, India

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated May 13, 2025, imposed a monetary penalty of ₹50 lakh (Rupees Fifty Lakh only) on Deutsche Bank AG, India (the bank) for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures-Across Banks’ read with ‘Central Repository of lnformation on Large Credits (CRlLC) – Revision in Reporting’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

    The Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank did not report credit information of certain borrowers to Central Repository of Information on Large Credits (CRILC).

    The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/356

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on Yes Bank Limited

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated May 16, 2025, imposed a monetary penalty of ₹29,60,000 (Rupees Twenty-Nine Lakh Sixty Thousand only) on Yes Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Financial Statements Presentation and Disclosures’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

    The Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

    After considering the bank’s reply to the notice, additional submissions made by it and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank did not disclose correct and complete information about customer complaints in its Annual Financial Statements for the financial year 2023-24.

    The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/355

    MIL OSI Economics –

  • MIL-OSI Global: Trump’s battle with elite universities overlooks where most students actually go to college

    Source: The Conversation – USA – By Amy Li, Associate Professor of Higher Education, Florida International University

    There are nearly 20 million undergraduate college students in the United States. Anadolu/Getty Images

    Headlines often mention the ongoing power struggle between President Donald Trump’s administration and private colleges such as Columbia University and Harvard University.

    But such elite universities educate only a small portion of America’s total undergraduate population, which stood at 20 million in fall 2024.

    As an associate professor of higher education, I have published research on policies that affect college access, retention and graduation. My work has examined data across different types of higher education institutions.

    The Ivies and other elites

    Less than 1% of American college students attend elite private colleges.

    A small group of colleges, consisting of Ivy League schools and other highly selective universities known as “Ivy-Plus,” fit in this category.

    The Ivy League consists of eight private schools that formed an athletic conference in the 1950s. The member universities are known for their academic excellence.

    The Ivy-Plus are highly prestigious colleges located across the country with similar reputations for outstanding academics such as Stanford University, Duke University and the Massachusetts Institute of Technology.

    These colleges have extremely competitive admissions, often accepting less than 10% of applicants.

    They enroll students from high-income backgrounds more than any other type of institution. Students from upper-income families represent 60% to 70% of attendees at elite privates.

    Elite private universities confer undergraduate and graduate degrees and focus on research.

    Elite public colleges

    Elite public colleges, such as the University of California, Berkeley, and the University of Virginia, are near the top of the U.S. News & World Report’s rankings. They also are often the flagship university in their state, such as the University of Michigan.

    These colleges have highly selective admissions processes as well and often accept about 10% to 20% of applicants.

    The largest portion of revenue at public universities, roughly 40%, comes from government sources that include federal, state and local government grants, contracts and appropriations, according to the National Center for Education Statistics.

    Students from upper-income families constitute 50% to 55% of attendees at elite public colleges.

    Like elite private colleges, elite public colleges confer undergraduate and graduate degrees and focus on research.

    Community colleges

    There are 1,024 community colleges in the U.S., serving 39% of undergraduate students.

    These public, two-year colleges grant associate degrees and occasionally bachelor’s degrees. They also offer certificates, workforce training and noncredit courses to prepare students for college-level courses.

    Community colleges have a strong teaching focus and a mission to serve their communities. They tend to guarantee admission to anyone who wants to enroll and offer lower tuition and fees.

    Community colleges are also critical entry points for students from lower-income households and those who identify as racial or ethnic minorities or who are the first in their family to attend college.

    Like other public institutions, community colleges depend heavily on state funding, as well as local property taxes.

    Regional universities

    Roughly 70% of undergraduate students who attend public, four-year institutions enroll at regional public universities.
    Newsday RM via Getty Images

    Of all undergraduates who attend public, four-year institutions, roughly 70% enroll in regional institutions.

    They include colleges in state-run systems such as the State University of New York and California State University.

    There is wide variation in acceptance rates among regional public universities, but they tend to be moderately selective, accepting between half and 70% of applicants.

    Regional public universities offer a wide range of academic programs mostly at the bachelor’s and master’s levels. They also depend heavily on state funding.

    Small private colleges

    Small, less selective private colleges often have acceptance rates of 60% or higher and enroll 3,000 or fewer students.

    Their budgets depend primarily on tuition and fees.

    Some of these types of colleges have suffered from enrollment declines since the early 2000s, exacerbated by the COVID-19 pandemic.

    Many of these institutions lacked the large endowments that allowed elite privates to weather the financial challenges brought on by the pandemic.

    A number of small private colleges, such as Eastern Nazarene College in Massachusetts, have closed or merged with other universities due to financial difficulties.

    These small private colleges often offer academic programs at the bachelor’s and master’s levels.

    Private for-profit

    About 5% of students attend private for-profit colleges.

    These colleges offer courses in convenient formats that may be attractive to older adult students, including those with full-time jobs.

    For-profit college students disproportionately identify as older, Black and female. Students who attend these colleges are also more likely to be single parents.

    In recent years, the federal government has cracked down on false promises some for-profit institutions made about their graduates’ job and earnings prospects and other outcomes.

    The enforcement led to the closure of some colleges, such as ITT Technical Institute and Corinthian Colleges.

    Minority-serving institutions

    Minority-serving institutions, including historically Black colleges and universities, have a mission to serve certain populations.
    Andrew Caballero-Reynolds/AFP via Getty Images

    Minority-serving institutions have a mission to serve certain student populations.

    Minority-serving institutions include historically Black colleges and universities, or HBCUs, such as Morehouse College; Hispanic-serving institutions, or HSIs, such as Florida International University; Asian American, Native American and Pacific Islander-serving institutions, or AANAPISIs, such as North Seattle College; and tribal colleges and universities, or TCUs, such as Blackfeet Community College, which serve Native American students.

    The federal government determines which colleges fit the criteria.

    These are primarily two- and four-year colleges, but some grant graduate degrees.

    Amy Li does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump’s battle with elite universities overlooks where most students actually go to college – https://theconversation.com/trumps-battle-with-elite-universities-overlooks-where-most-students-actually-go-to-college-254680

    MIL OSI – Global Reports –

  • India’s GDP growth in Q4 of 2024–25 expected at 6.8–7%: report

    Source: Government of India

    Source: Government of India (4)

    The Indian economy is projected to grow at a rate of 6.8–7 per cent in the fourth quarter of the financial year 2024–25, largely driven by the agriculture sector, according to a report released by Bank of Baroda on Friday.

    For the full financial year, GDP growth is estimated at 6.2–6.4 per cent, with the report highlighting that India continues to outperform many of its global counterparts due to strong macroeconomic fundamentals.

    Looking ahead to FY26, the economy is expected to grow at a similar pace of 6.4–6.6 per cent. This outlook is supported by factors such as anticipated monetary easing, lower inflation, robust domestic demand, a budgetary push, and sustained capital expenditure. However, the report cautions that geopolitical conflicts or the imposition of global tariffs could dampen this optimism.

    In Q4 FY25, agriculture is expected to grow by a robust 7.7 per cent—significantly higher than the 0.9 per cent growth recorded in the same period last year. This surge is attributed to record foodgrain production, as reflected in the second advance estimates covering both kharif and rabi crops.

    While overall Q4 growth is expected to exceed that of Q3, the performance is likely to be uneven across sectors.

    In the industrial sector, mining is projected to grow by 1.5 per cent in Q4 FY25, compared to 0.8 per cent in the corresponding quarter of FY24. However, growth in manufacturing is likely to moderate sharply to 1.8 per cent from 11.3 per cent a year earlier, partly due to a high base and weaker corporate earnings. Industries such as iron and steel, capital goods, and textiles witnessed lower profit margins, despite softening commodity prices. The electricity sector is also expected to grow at a slower pace of 5.5 per cent, down from 8.8 per cent in Q4 FY24.

    On a more positive note, the construction sector is projected to maintain strong growth, supported by increased output in steel and cement, along with continued government capital expenditure.

    The services sector shows a mixed trend. The marriage season and events like the Mahakumbh are expected to boost hospitality, transport, logistics, and food and beverage services. The trade, hotels, and transport sector is projected to grow by 6.4 per cent in Q4, up slightly from 6.2 per cent in the same quarter last year. GST collections have also continued their steady growth. However, financial services are likely to slow, with projected growth of 6.6 per cent compared to 9 per cent last year, amid a decline in credit growth.

    Public administration and defence spending are expected to rise, driven by an increase in net revenue expenditure.

    Looking forward, the report notes that rural demand is likely to remain strong in FY26, bolstered by expectations of a favourable monsoon. According to NOAA, neutral ENSO conditions are expected to prevail in the coming months, supporting agricultural output. Consumption is also set to rise, aided by higher disposable incomes and new tax incentives. Additionally, an ongoing easing of monetary policy due to lower inflation is expected to support growth, along with relief from subdued commodity prices.

    “Based on the above factors, we expect the Indian economy to grow by 6.4–6.6 per cent in FY26. However, downside risks remain, particularly for the external sector, due to evolving global tariff challenges,” the report stated. “Any adverse geopolitical conflict or extreme weather event could also pose a risk to growth, although potential bilateral trade deals—particularly with the US—could offer some positives.”

    (Reuter)

  • MIL-OSI Russia: Victory Anniversary at the Center of Legal Discussion: Conference Opening at the Polytechnic

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The plenary session of the XXVI annual All-Russian scientific and practical conference with international participation “Problems of Law in Modern Russia” was held in the conference hall of the Academic Council of Peter the Great Polytechnic University. The event is traditionally held by the Higher School of Jurisprudence and Forensic Science of the Humanitarian Institute of SPbPU. This year’s conference acquired special significance in connection with the celebration of the 80th anniversary of Victory in the Great Patriotic War.

    The plenary session was opened by the Vice-Rector for Security of SPbPU Alexander Airapetyan. He congratulated everyone on the 80th anniversary of the Victory in the Great Patriotic War, noting the importance of the scientific and practical events of the Polytechnic University, which play a fundamental role in consolidating security and maintaining unity. The Director of the Higher School of Law and STE Dmitry Mokhorov welcomed the conference participants, congratulated them on the Great Victory Day, reflecting the fateful milestones of polytechnic thought in Russian and Soviet reality.

    Traditionally, the event brought together leading scientists and representatives of the professional community from the system of state and municipal administration, the judicial system, law enforcement agencies, the legal profession, notaries, forensic examination and representatives of the real sector of the economy.

    The guests of the event delivered welcoming remarks. Deputy Head of the Secretariat of the Council of the Interparliamentary Assembly of the CIS Member Nations, Director of the International Institute for Monitoring the Development of Democracy, Parliamentarism and Observance of Electoral Rights of Citizens of the CIS Member States Ivan Mushket read out a greeting from the Secretary General – Head of the Secretariat of the Council of the IPA CIS Dmitry Kobitsky. In his address, Dmitry Kobitsky emphasized the importance of the unity and courage of the Soviet people, noting that the Victory in the Great Patriotic War is a common heritage, and also called for confronting racism and xenophobia, recalling the criminal actions of Nazism, recognized by the International Military Tribunal in Nuremberg.

    Law should serve as a tool for maintaining justice, protecting human rights and freedoms, and we must work on its development together, noted Dmitry Kobitsky.

    The President of the Leningrad Region Bar Association, Denis Laktionov, greeted his colleagues on behalf of the legal community and emphasized the practical importance of the traditional conference “Problems of Law in Modern Russia” for the industry.

    Olga Safronova, Director of the Legal Department of the North-West Bank of Sberbank PJSC, noted the demand for significant events aimed at legal education and educating young people in the spirit of respect for the law and historical justice, emphasizing that the modern realities of the development of scientific and technological progress require us to take adequate professional measures to protect state interests and the rights of citizens, especially in the field of cybersecurity.

    Representatives of legislative and executive bodies of federal and regional authorities, courts, the prosecutor’s office, the Investigative Committee, and law enforcement agencies sent welcoming words to the organizing committee and participants.

    The scientific part of the plenary session included reports on the issues of historical justice of the Nuremberg Trials in the context of modern understanding, the role of the prosecutor’s office during the war and the problems of cybersecurity in the modern social and legal reality. The participants were addressed by Vladimir Mikhailov, Senior Justice Advisor, Senior Prosecutor of the Criminal and Judicial Department of the Leningrad Region Prosecutor’s Office, Artem Klinitsky, Associate Professor of the Higher School of Law and European Economics, and representatives of the North-West Bank of Sberbank Olga Safronova, Natalia Eroshenko and Kirill Yakovlev.

    At the end of the meeting, a video trailer for the historical film “Blockade Justice” was shown, containing rare archival footage of the activities of the courts, prosecutors and lawyers during the Great Patriotic War.

    On the first day of the conference, work was carried out in the sections “Theoretical-historical and public-law sciences”, “Private law (civil) sciences”, “Criminal-law sciences”. More than 250 people took part in the conference in person and over 70 section reports were presented, and an online broadcast with the possibility of open connection was also conducted. Abstracts of the reports will be published in a collection based on the results of the conference, and the best articles will be sent to the journals of the Higher Attestation Commission and the Russian Science Citation Index.

    The conference will include a round table (International teleconference St. Petersburg – Baku) “Modern Methods of Engineering and Technical Expertise”; a discussion platform “Application of Special Expert Knowledge in Legal Practice”; a round table “Counteracting Terrorism and Cybercrime”; master classes on forensic examination; a round table “Economic and Legal Regulation of Environmental Safety”; a discussion platform “East – West: Paths of Cultural Dialogue”; an International Theoretical and Practical Dialogue – Prospects for Development and Integration (Russia – Uzbekistan); a discussion platform (International teleconference St. Petersburg – Andijan) “Modern Trends in Legal Education and Enlightenment”; an exhibition of scientific, educational and educational-methodical works on jurisprudence and forensic examination.

    The detailed program can be found aton the website of the Higher School of YuISTE.

    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 United Nations: Acute food insecurity and malnutrition rose for sixth consecutive year in world’s most fragile regions

    Source: World Food Programme

    In 2024, over 295 million people across 53 countries and territories faced acute hunger—an increase of almost 14 million people compared to 2023— while the number of people facing catastrophic levels of hunger reached a record high

    Geneva/New York/Rome/Washington – Acute food insecurity and child malnutrition rose for the sixth consecutive year in 2024, pushing millions of people to the brink, in some of the world’s most vulnerable regions, according to the Global Report on Food Crises (GRFC), released today. 

    The report shows conflict, economic shocks, climate extremes, and forced displacement continued to drive food insecurity and malnutrition around the world, with catastrophic impacts on many already fragile regions.

    In 2024, more than 295 million people across 53 countries and territories experienced acute levels of hunger– an increase of 13.7 million from 2023. Of great concern is the worsening prevalence of acute food insecurity, which now stands at 22.6 percent of the population assessed. This marks the fifth consecutive year in which this figure has remained above 20 percent. 

    The number of people facing catastrophic hunger (IPC/CH Phase 5) more than doubled over the same period to reach 1.9 million – the highest on record since the GRFC began tracking in 2016. 

    Malnutrition, particularly among children, reached extremely high levels, including in the Gaza Strip, Mali, Sudan, and Yemen. Nearly 38 million children under five were acutely malnourished across 26 nutrition crises.

    The report also highlights a sharp increase in hunger driven by forced displacement, with nearly 95 million forcibly displaced people—including internally displaced persons (IDPs), asylum seekers and refugees—living in countries facing food crises such as the Democratic Republic of Congo, Colombia, Sudan, and Syria, out of a global total of 128 million forcibly displaced people.

    “This Global Report on Food Crises is another unflinching indictment of a world dangerously off course,”said United Nations Secretary-General António Guterres. “Long-standing crises are now being compounded by another, more recent one: the dramatic reduction in lifesaving humanitarian funding to respond to these needs. This is more than a failure of systems – it is a failure of humanity. Hunger in the 21st century is indefensible. We cannot respond to empty stomachs with empty hands and turned backs.”   

    Key drivers of acute food insecurity and malnutrition: 

    • Conflict remained the top driver of acute food insecurity, affecting around 140 million people in 20 countries and territories. Famine has been confirmed in Sudan, while other hotspots with people experiencing Catastrophic levels of acute food insecurity include the Gaza Strip, South Sudan, Haiti, and Mali.
    • Economic shocks including inflation and currency devaluation, drove hunger in 15 countries affecting 59.4 million people – still nearly double pre-COVID 19 levels despite a modest decline from 2023. Some of the largest and most protracted food crises were primarily driven by economic shocks, including in Afghanistan, South Sudan, Syrian Arab Republic, and Yemen.
    • Weather extremes particularly El Niño-induced droughts and floods, pushed 18 countries into food crises affecting over 96 million people, with significant impacts in Southern Africa, Southern Asia and the Horn of Africa.

    According to the GRFC outlook, hunger shocks will likely persist into 2025, as the Global Network anticipates the most significant reduction in humanitarian funding for food and nutrition crises in the report’s history. 

    Call for bold reset to break cycle of food crises  

    Acute food insecurity and malnutrition have increased to record levels, yet global funding is experiencing its fastest decline in years, and political momentum is weakening. 

    Breaking the cycle of rising hunger and malnutrition requires a bold reset – one that prioritizes evidence-driven and impact-focused action. This means pooling resources, scaling what works, and putting the needs and voices of affected communities at the heart of every response.

    Beyond emergency aid, the Global Network Against Food Crises recommends investing in local food systems and integrated nutrition services to address long-term vulnerabilities and build resilience to shocks – especially in crisis-prone regions where 70 percent of rural households rely on agriculture for sustenance and livelihood.

    # # #

    Leadership quotes: 

    Hadja Lahbib, EU Commissioner for Equality, Preparedness and Crisis Management:

    “This year’s Global Report on Food Crises paints yet another stark and unacceptable picture of rising hunger. This is not merely a call to action — it is a moral imperative. At a time when funding cuts are straining the humanitarian system, we reaffirm our commitment to fight global hunger. We will not abandon the most vulnerable, especially in fragile and conflict-affected countries. We will continue to champion and defend International Humanitarian Law. Today’s challenges are greater than ever — but so is our solidarity. Now is the time to act with unity and resolve, and to prove that even in the hardest times, humanity can and will rise to the challenge.”

    QU Dongyu, Director-General, FAO: “As we launch the 2025 Global Report on Food Crises, we are cognizant that acute food insecurity is not just a crisis – it is a constant reality for millions of people, most of whom live in rural areas. The path forward is clear: investment in emergency agriculture is critical, not just as a response, but as the most cost-effective solution to deliver significant long-lasting impact.”

    Alvaro Lario, President, IFAD: “The report makes clear that humanitarian responses must go hand-in hand with investments in rural development and resilience building to create long-term stability that lasts beyond emergency interventions. Rural communities – especially smallholder farmers – are central to food security, resilience, and growth. This is even more true in fragile settings.”

    Raouf Mazou, Assistant High Commissioner for Operations, UNHCR: “People who have been displaced show remarkable strength, but resilience alone can’t end hunger. As food insecurity worsens and humanitarian crises become more prolonged, we need to shift from emergency aid to sustainable responses. That means creating real opportunities—access to land, livelihoods, markets and services—so people can feed themselves and their families, not just today, but well into the future.”

    Catherine Russell, Executive Director, UNICEF:  “In a world of plenty, there is no excuse for children to go hungry or die of malnutrition. Hunger gnaws at the stomach of a child. It gnaws, too, at their dignity, their sense of safety, and their future. How can we continue to stand by when there is more than enough food to feed every hungry child in the world? How can we ignore what is happening in front of our eyes?  Millions of children’s lives hang in the balance as funding is slashed to critical nutrition services.”

    Axel van Trotsenburg, Senior Managing Director for Development Policy and Partnerships, World Bank: “The global hunger crisis threatens not just lives, but the stability and potential of entire societies. What is needed now is collective action so we can build a future free of hunger.” 

    Cindy McCain, Executive Director, WFP: “Like every other humanitarian organization, WFP is facing deep budget shortfalls which have forced drastic cuts to our food assistance programs. Millions of hungry people have lost, or will soon lose, the critical lifeline we provide. We have tried and tested solutions to hunger and food insecurity. But we need the support of our donors and partners to implement them.”

    Note to Editor

    Download the GFRC here  

    Broadcast quality B-Roll here 

    The Global Report on Food Crises (GRFC) is published  annually by the Global Network Against Food Crises (GNAFC) with analysis from the Food Security Information Network (FSIN).

    About the GNAFC

    The Global Network Against Food Crises (GNAFC) is an international alliance of the United Nations, the European Union, governmental and non-governmental agencies working together to address food crises. a unique platform of key operational agencies, international financial institutions, member states and organisations jointly seeking to reduce and end hunger with evidence-based actions proven to deliver impact. 

    For more information please contact: 

    European Union  

    Eva Hrncirova 

    Civil Protection and Humanitarian Aid Operations 

    eva.hrncirova@ec.europa.eu

    FAO 

    Irina Utkina 

    News and Media 

    irina.utkina@fao.org

     

    IFAD

    Caroline Chaumont

    c.chaumont@ifad.org 

    UNHCR

    William Spindler 

    Senior Communications Officer 

    spindler@unhcr.org 

     

    UNICEF

    Nadia Samie-Jacobs

    Communication Specialist (Media) 

    nsamie@unicef.org

    Tel: +1 845 760 2615

     

    World Bank

    Nicolas Douillet

    Communications Lead, Food & Agriculture 

    ndouillet@worldbankgroup.org 

    Tel: +1 202 378 7468 

    WFP

    Machrine Birungi

    Media Relations Specialist 

    machrine.birungi@wfp.org

    MIL OSI United Nations News –