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Category: Economy

  • MIL-OSI USA: Transformational Projects Move Ahead in North Country

    Source: US State of New York

    overnor Kathy Hochul today announced awards for a total of 22 transformational projects in the North Country as part of two economic development programs: the Downtown Revitalization Initiative and NY Forward. Ten projects were announced for Lowville, the Round 7 winner of a $10 million DRI award; five projects were announced for Canton, a Round 2 winner of a $4.5 million NY Forward award; and seven projects were announced for Alexandria Bay, also a Round 2 winner of a $4.5 million NY Forward award.

    “Our North Country communities embody strength, resilience and a spirit of determination — that’s why I’m investing in 22 transformation projects that give every resident and business the opportunity to reach their full potential,” Governor Hochul said. “Our towns and villages are the foundation of what makes New York special, and we’re giving them the tools they need to better their communities as a whole.”

    New York Secretary of State Walter T. Mosley said, “When we invest in our downtowns, we’re investing in the heart of our communities. Through the Downtown Revitalization Initiative and NY Forward program, we’re not just funding projects – we’re fostering vibrant, walkable neighborhoods that spur economic growth, enhance quality of life for residents and preserve the unique character of each municipality and region. These signature programs exemplify our commitment to ensuring that every New Yorker, in every corner of our State, has the opportunity to succeed and thrive.”

    Village of Lowville

    As the “urban heart” of Lewis County, the Village of Lowville seeks to preserve and enhance its small-town, rural charm, while diversifying and expanding its economic base in ways consistent with its unique character. The Village’s DRI projects are focused on transforming its downtown into a more vibrant neighborhood through private and public sector project opportunities that will achieve its vision for the downtown. Lowville’s investments will build on its past and ongoing efforts to make the downtown a regional center for business and culture, drawing on its position as the “intersection corridor of the Thousand Islands, the Tug Hill Plateau and the Adirondack Mountains.”

    The 10 Lowville DRI projects, totaling $9.7 million, include:

    • Improve Access and Parking at Veteran’s Memorial Park Creating a Safe and Inviting Space ($2,848,000): Reconfigure the parking lot at Veteran’s Memorial Park to create a welcoming gateway, improving access and increasing pedestrian safety. Key features include an improved entrance from State Street, curb bump-outs, upgraded sidewalks, green infrastructure for stormwater management, and new street trees. A formal monument sign will mark the park entrance, while parking improvements on Parkway Drive will optimize access and aesthetics.
    • Revitalize State Street to Enhance Safety, Accessibility, and Aesthetics in Downtown Lowville ($1,711,000): Enhance safety, accessibility and aesthetics through the installation of high-visibility crosswalks, curb bump-outs, Rectangular Rapid Flash Beacons, street tree plantings and green infrastructure to manage stormwater runoff and beautify the area.
    • Renovate the Stevens Block to Create Market Rate Apartments at 7623 N State Street ($1,558,000): Renovate an abandoned space at 7623 N State Street, creating market-rate residential units on the upper floors, with comprehensive upgrades including a new vestibule, stairwell, energy-efficient systems and exterior improvements.
    • Restore the Historic Keller Red Building to Create a Mixed-Use Commercial and Residential Space ($1,193,000): Preserve a historic downtown building by renovating its second and third stories into commercial and residential spaces, establishing a professional office space, enhancing meeting capabilities for Naturally Lewis, and upgrading the building’s structural, mechanical, and safety systems.
    • Rehabilitate the Historic Masonic Temple into an Efficient Community Hub ($776,000): Rehabilitate the historic National Register-listed Masonic Temple building in downtown Lowville, enhancing its role as a center for historical preservation, education, and cultural activities while modernizing its facilities for energy efficiency to serve the community and promote heritage tourism.
    • Establish a Small Project Fund to Enhance Downtown Lowville ($400,000): The Small Project Fund will support smaller projects in downtown Lowville with improvements such as facade restoration and improvement, interior renovation, signage, public art, and business assistance.
    • Develop a Downtown Branding and Wayfinding Strategy to Enhance Lowville’s Identity ($358,000): Revitalize its downtown area through a comprehensive initiative that includes a branding and marketing strategy, a wayfinding signage system, and interpretive elements that highlight local history.
    • Reimagine Veteran’s Park to create Community Space with Modern Amenities and Enhanced Accessibility ($320,000): Upgrade Veteran’s Park with improvements that aim to create a vibrant and accessible community space.
    • Restore the Historic Town Hall Theater into a Community Asset ($294,000): Restore a historic building to its original state while modernizing its functionality, including facade restoration, window replacement, interior renovations, stage construction, and technological upgrades to create a versatile cultural center for the community.
    • Reopen 5423 Shady Avenue to Create a Mixed-Use Building ($242,000): Renovate the second floor into a functional law office, restoring the building’s integrity, while transforming the long-vacant third floor into safe, and affordable mid to long-term housing.

    Village of Canton

    The Village of Canton’s historic downtown area is the crossroads connecting the St. Lawrence River Valley. The NY Forward projects will help generate a regional destination centered around diverse housing options; art and cultural attractions; variety of local businesses; and recreational offerings.

    The 5 Canton NY Forward Projects, totaling $4.5 Million, include:

    • Revitalize the Former Midtown Plaza to Create a Mixed-Use Space ($2,000,000): Redevelop the former Midtown Plaza into a mixed-use space that provides housing, an entrepreneurship center, and community amenities.
    • Upgrade Park Amenities in the Village Green to Enhance Community Space ($1,096,000): Upgrade Village Green with improved pathways, lighting, seating, and diverse plantings to create an inviting year-round space while maintaining the park’s historic character.
    • Transform 11 – 11 ½ Riverside Drive into a Commercial Fitness Hub ($807,000): Transform the partially vacant building at 11 and 11 ½ Riverside Drive into a commercial fitness center and studio space to provide health and wellness opportunities to the community and boost downtown business activity.
    • Expand Nature’s Storehouse into a Holistic Health Hub on Main Street ($497,000): Expand Nature’s Storehouse at 19 and 21 Main Street into a community health hub with improved food offerings, health products, and seating areas for customers, while renovating upper-story residential units.
    • Upgrade the TAUNY Center to Offer Improved Art and Cultural Experiences ($100,000): Upgrade the TAUNY Center with renovations to the building’s façade and interior to improve accessibility and functionality.

    Alexandria Bay

    Alexandria Bay’s downtown area, which encompasses the Village’s vibrant and burgeoning waterfront and abundant natural and recreational assets, has witnessed a recent surge of private investment. NY Forward projects will build and expand upon this effort and will allow the community to accelerate its economic regrowth by attracting visitors, residents and investors to the downtown.

    The 7 Alexandria Bay NY Forward Projects, totaling $4.5 Million, include:

    • Transform the James Street Streetscape into a Welcoming Corridor ($3,003,000): Transform James Street to improve pedestrian safety and foster a welcoming environment with the addition of a pedestrian plaza, new sidewalks, lighting and decorative plantings as well as upgraded restrooms by the public dock.
    • Renovate 27 James Street into a Mixed-Use Building ($510,000): Renovate 27 James Street to include a café, bookstore, art studio and apartment units. Landscaping improvements will create outdoor space for tenants with access to Rotary Park and the Riverwalk.
    • Create a Small Project Fund to Support Growth in Downtown Alexandria Bay ($285,000): Establish a matching grant fund in the NYF boundary to undertake a range of small downtown projects including façade enhancements, building renovations to commercial or mixed-use spaces, business assistance, and public art.
    • Renovate 34 James Street into a Mixed-Use Building ($270,000): Transform the first floor of 34 James Street into a potential eatery and renovate the upstairs into new apartments.
    • Create a Branding & Wayfinding Signage Initiative for Downtown Alexandria Bay to Strengthen Community Identity ($250,000): Create a coordinated branding and wayfinding signage initiative to strengthen the Village’s identity as a desirable tourist destination and welcoming community.
    • Rehabilitate the Exterior of the Cornwall Brothers Store and Museum, to Preserve the Historic Landmark ($92,000): Rehabilitate the museum and its retail space with a focus on stabilizing and preserving the historic exterior masonry.
    • Restore 20 Walton Street for Commercial Use ($90,000): Restore 20 Walton Street by revitalizing its façade and enhancing energy efficiency, creating an inviting and functional space for commercial use on the first floor.

    Empire State Development President, CEO, and Commissioner Hope Knight said,
    “The Downtown Revitalization Initiative and NY Forward programs are transforming communities across New York State by turning local visions into bold investments to generate place-based economic development. These projects will create new opportunities for businesses, support vibrant public spaces, and attract residents and visitors alike – laying the foundation for sustainable growth and stronger regional economies.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “All across this State, the Downtown Revitalization Initiative and NY Forward programs are strategically prioritizing communities, growing economies with targeted awards, creating more housing opportunities that improve affordability for New Yorkers where it is most needed, and building on the diverse character of our neighborhoods. By working with local and municipal partners, these awards continue Governor Hochul’s commitment to developing the full potential of our downtowns as economic drivers and attractive places to live.”

    North Country Regional Economic Development Council Co-Chairs James McKenna and Dr. Kathryn Morris said, “The DRI and NY Forward funding for Lowville, Canton and Alexandria Bay will further establish these communities as vibrant year-round destinations with growth opportunities for regional residents and visitors alike. This strategic support for our businesses, culture, history – and spectacular natural landscapes – will help to ensure that people can live, work and put down roots for the future right here in the North Country.”

    Assemblymember Scott Gray said, “These targeted investments in the Village of Canton and Alexandria Bay are a vital step toward strengthening our downtowns, preserving our heritage, and enhancing economic opportunity throughout the 116th Assembly District. These NY Forward projects reflect the unique character of each community, Canton’s vibrant academic and cultural setting and Alexandria Bay’s iconic waterfront. This will help expand housing, support small businesses, and boost tourism. By investing in infrastructure, recreation, and commercial revitalization, the state is helping these communities build a sustainable future rooted in local pride and economic growth.”

    Village of Lowville Mayor Dan Salmon said, “First, on behalf of the Village of Lowville Board of Trustees, its residents, and the DRI committee, I would like to thank Governor Hochul and staff for this gift. We are excited to receive the announcement of the DRI project awards that will enhance our community.”

    Village of Alexandria Bay Mayor Mike Putnam said, “The Village of Alexandria Bay is excited to receive this announcement. Thank you to Governor Hochul for the investment in our community. These NY Forward projects will make a great and lasting impact on our historic village.”

    Village of Canton Mayor Michael E. Dalton said, “I want to express my sincere gratitude for today’s announcement of the NY Forward Projects. These selected projects are investments, which leverage public and private commitment in our community. The draft recommendations developed by the hard work of a small committee of local residents are now coming to fruition, and we are incredibly excited to witness the positive changes these projects will bring. I also thank Governor Hochul and her commitment to Economic Development in New York State and especially the North Country.”

    DRI and NY Forward communities developed Strategic Implementation Plans (SIPs), which create a vision for the future of their downtown and identify and recommend a slate of complementary, transformative and implementable projects that support that vision. The SIPs are guided by a Local Planning Committee (LPC) comprised of local and regional leaders, stakeholders and community representatives, with the assistance of an assigned consultant and DOS staff, all of whom conduct extensive community outreach and engagement when determining projects. The projects selected for funding from the SIP were identified as having the greatest potential to jumpstart revitalization and generate new opportunities for long-term growth.

    About the Downtown Revitalization Initiative
    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State strengthen its economy, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through nine rounds, the DRI has awarded a total of $900 million to 91 communities across every region of the State.

    About the NY Forward Program
    First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program has awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI Global: After an autocratic leader was toppled in Bangladesh, democratic renewal remains a work in progress

    Source: The Conversation – Global Perspectives – By Intifar Chowdhury, Lecturer in Government, Flinders University

    Last July, a powerful student-led uprising in Bangladesh toppled the authoritarian, corrupt government led for 15 years by Prime Minister Sheikh Hasina.

    Bangladesh now shows modest signs of democratic recovery. Months into its tenure, a transitional government has reopened political and civic space, especially at universities, and begun reforming key state bodies.

    Yet, violence and political retribution persist. This week, the interim government banned Hasina’s former party, the Awami League, under the country’s Anti-Terrorism Act while a tribunal investigates its role in the deaths of hundreds of protesters last year.

    Elections have also been delayed and may not happen until 2026.

    Amid this fragile transition, interim leader Muhammad Yunus, the 84-year-old Nobel-prize winning economist, has emerged as a rare figure of trust and calm. His popularity is so high, in fact, many are calling for him to remain at the helm for another five years.

    Given the uncertainty, Bangladesh faces some uncomfortable questions: can it afford electoral democracy right now? Or must stability come first, with democracy postponed until institutions can catch up?

    And what happens if emergency governance becomes the new normal?

    Fraught road to democratic renewal

    According to a global democracy report, Bangladesh is still classified as an “electoral autocracy” — one of the few in the category that actually got worse in 2024.

    The opposition, chiefly the Bangladesh National Party (BNP), has mounted a fierce challenge to the interim government’s legitimacy, arguing it lacks a democratic mandate to implement meaningful reforms.

    While the BNP and its former ally, the Islamist party Jamaat-e-Islami, may appeal to segments of Bangladesh’s Muslim majority, their support is undermined by reputational baggage and limited resonance with younger voters.

    At the same time, radical, right-wing, Islamist forces are exploiting the vacuum to reassert themselves, exacerbating tensions between Muslims and the Hindu minority.

    Economically, the country is also still reeling from the damage done under Hasina’s regime.

    Corruption hollowed out the banking system, leaving key institutions almost bankrupt. Although Yunus has taken steps to stabilise the economy by bringing in competent officials, uncertainty continues to dampen investor confidence.

    Inflation remains high. And unless job creation accelerates, especially for the youth, the seeds of further unrest are already planted.

    In addition, law and order has deteriorated sharply. The country’s police force has been tainted by its association with the Alami League, and the former police chief is facing charges of crimes against humanity.

    Street crime is rising and minorities are experiencing growing harassment. Women feel deeply unsafe — both online and on the streets. Some parties are also seen as a threat to countering violence against women.

    Despite strong laws on paper, weak law enforcement and victim-blaming are allowing violence to flourish. It’s very difficult to hold perpetrators of crimes to account.

    Bangladesh is also increasingly isolated on the global stage.

    India, long allied to Hasina’s government, has turned its back on the interim government. The United States is disengaging, as well. USAID had committed nearly US$1 billion (A$1.6 billion) from 2021–26 to help improve the lives of Bangladeshis, but this funding has now been suspended.

    Some gains on civil liberties

    This year, Bangladesh improved slightly in Freedom House’s index on political freedoms and civil liberties, from a score of 40 points out of 100 last year to 45. This is a step in the right direction.

    Among the improvements in the past year, the government has:

    • removed restrictions on some political parties
    • released political detainees
    • and committed to major judicial reforms to increase accountability.

    The appointment of new election commissioners and the creation of advisory commissions for judicial and anti-corruption reform also signal an institutional reset in motion.

    But gains remain fragile. While politically motivated cases against opposition figures have been dropped, new ones have emerged against former ruling elites. The military’s policing role has expanded and harassment of Awami League supporters by protesters persists.

    In addition, media freedom remains heavily constrained, with a human rights group reporting the interim government had targeted hundreds of journalists in the past eight months.

    In this fractured environment, urgent reforms are needed. But these need to be sustainable, as well. Whether the interim government has the time, authority or support to deliver them remains in doubt. The government also needs to deliver on its promise to hold free and fair elections.

    A new party on the rise

    The country’s politically engaged youth have not been dissuaded by these issues. Rather, they are trying to reshape the political landscape.

    The new National Citizen Party (NCP) was formed in early 2025 by leaders of last year’s student uprising. It has positioned itself as the party to bring a “second republic” to Bangladesh. Drawing from historical models from France and the US, the party envisions a new elected, constituent assembly and constitution.

    With organisational support and tacit backing from the interim government, the NCP has rapidly grown into a viable political force.

    Still, the party faces a steep, uphill climb. Its broad, ideological umbrella risks diluting its message, blurring its distinctions with the BNP.

    For the NCP to turn protests into policy, it must sharpen its identity, consolidate its base, and avoid being co-opted or outflanked.

    Whether this moment of political flux leads to real transformation or yet another cycle of disillusionment will depend on how boldly — and how sustainably— the interim government and new actors like the NCP act. And they must not draw out the process of transition for too long.

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

    – ref. After an autocratic leader was toppled in Bangladesh, democratic renewal remains a work in progress – https://theconversation.com/after-an-autocratic-leader-was-toppled-in-bangladesh-democratic-renewal-remains-a-work-in-progress-253846

    MIL OSI – Global Reports –

    May 16, 2025

  • MIL-OSI USA: Rep. Sherrill Introduces Legislation To Protect Americans’ Health and Retirement Benefits From DOGE Cuts

    Source: United States House of Representatives – Congresswoman Mikie Sherrill (NJ-11)

    Today, Congresswoman Mikie Sherrill (NJ-11) introduced the Protecting Retirement and Health Benefits for Working Families Act to safeguard Social Security, Medicaid, Medicare, Veterans Affairs, and other critical federal benefits and services from Elon Musk’s “Department of Government Efficiency”. 

    “New Jerseyans up and down the state have worked hard throughout their careers to earn the retirement and health benefits they deserve. Yet right now, Elon Musk and Donald Trump are attempting to dismantle the very agencies that ensure these programs run smoothly. My legislation makes sure that before any cuts or office closures are enacted, the Trump Administration must prove to Congress that these actions won’t harm the benefits Americans rely on. And if they do cause harm, this bill will force the Administration to undo the damage and reinstate employees. I refuse to sit by as an unelected billionaire lines his own pockets with the money that hardworking families, seniors, and veterans have rightfully earned,” said Rep. Sherrill.

    The Protecting Retirement and Health Benefits for Families Act would require several federal agencies (the Social Security Administration, Centers for Medicare and Medicaid Services, Department of Veterans Affairs, Internal Revenue Service, and Department of Housing and Urban Development) to certify to Congress that any planned staffing cuts or regional office closures will not impact the provision of benefits or financial assistance to Americans. 

    The bill also requires the Inspector General at each of those agencies to conduct a study, within one year, of any of these enacted certifications to ensure that layoffs/closures haven’t harmed benefit receipt, and if benefit receipt has been negatively impacted the agency will be required to reverse those layoffs/closures. 

    Without any Congressional authorization, the Trump Administration has attempted to gut critical federal agencies to pay for a tax cut for the ultra-wealthy:

    • The Social Security Administration has enacted, or attempted to enact, mass staffing layoffs, phone service cuts, and local and regional office closures. Since January, DOGE has cut about 7,000 Social Security Administration jobs, or 12% of its entire workforce.
    • The Department of Veterans Affairs attempted to cut billions of dollars in contracts, but was stopped after Democrats and veterans service organizations warned that it would hurt critical veterans’ health services. It also instituted a hiring freeze for more than 300,000 VA health jobs. 
    • The Centers for Medicare and Medicaid Services granted DOGE access to agency systems and technologies after Musk claimed “this is where the big money fraud is happening.” Washington Republicans are currently looking to cut $880 billion from Medicaid to fund trillions in tax breaks for billionaires. HHS Secretary Kennedy has also announced plans to cut 10,000 employees at the Department of Health and Human Services, including 300 at the Centers for Medicare and Medicaid Services.
    • DOGE is reportedly considering cutting the Department of Housing and Urban Development’s staff by as much as 50% and cutting half of the department’s regional offices.

    In addition to protecting vital retirement and health care benefits for American families, Rep. Sherrill last month introduced legislation aimed at holding Elon Musk and DOGE accountable for their actions and access to sensitive government information. The Drug Testing For Special Government Employees Act would require Musk and his DOGE employees to pass drug tests and undergo random drug screenings to retain their Special Government Employee status. Given Musk’s well-documented history of drug use, this measure would ensure that those handling the nation’s most sensitive data cannot be compromised or manipulated due to illegal drug use.

    ###

    MIL OSI USA News –

    May 16, 2025

  • Shivraj Singh Chouhan inaugurates Veterinary College building in Nagaland

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Agriculture & Farmers’ Welfare and Rural Development, Shivraj Singh Chouhan, on Thursday inaugurated the newly constructed Administrative-cum-Academic Block of the College of Veterinary Sciences and Animal Husbandry, Central Agricultural University (Imphal), located at Jalukie in Nagaland.
     
    Addressing the gathering at the inaugural function, the Union Minister lauded the progress made in the agriculture and livestock sectors in Nagaland. He acknowledged the region’s unique agri-products and potential, and announced a financial assistance of ₹338.83 crore for the overall growth and development of the agriculture sector in the state.
     
    Chouhan urged the Nagaland government to formulate a comprehensive action plan for agriculture and rural development. He assured the state of the Centre’s full cooperation and support in this endeavour.
     
    To strengthen grassroots agricultural development, the Minister suggested the formation of a core scientific team in each district. This team would include scientists, officials from Krishi Vigyan Kendras (KVKs), university professionals, and farmers. He said the team should engage directly with farmers in villages at least twice a month to understand their challenges, which would facilitate evidence-based policy making and appropriate technological interventions.
     
    Highlighting the scope for natural farming in Nagaland, the Union Minister said the Central Government is committed to supporting such sustainable practices. He also appreciated the initiatives of the College of Veterinary Sciences and Animal Husbandry and invited its students to Delhi to share their innovative ideas with him.
     
    Chouhan assured full cooperation and financial assistance for entrepreneurship and start-up development among students, and expressed his desire to visit Nagaland again for further interaction with farmers and students.
     
    Nagaland Governor La. Ganesan, who presided over the function, commended the role played by Central Agricultural University, Imphal and its constituent college in advancing animal healthcare and agricultural development in the region. He stressed the importance of scientific methods and collaboration among stakeholders to realise the vision of a developed India by 2047.
     
    Deputy Chief Minister of Nagaland, T. R. Zeliang, also spoke at the event, underlining the need for technical interventions and research-driven farming to achieve agricultural and economic progress in the state.
     
    The event witnessed participation from 639 farmers and 84 officials from both the State and Central Governments. 
    May 16, 2025

  • Back to the Grey List? Renewed Scrutiny for Pakistan’s Consistent Failure to Meet Terror Finance Standards

    Source: Government of India

    Source: Government of India (4)

    Pakistan’s record with the Financial Action Task Force (FATF) reads like a trilogy of broken promises. From 2008 to 2022, the country slipped onto – and briefly wriggled off – the Grey List three times. The first listing, on 28 February 2008, lasted 848 days; the second, from 16 February 2012, ran for 1,106 days; and the third, beginning 28 June 2018, dragged on for 1,576 days. With each removal, Islamabad issued florid assurances, yet the underlying machinery of terror finance remained intact.

    Terror groups targeting India – such as Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM) and Hizbul Mujahideen (HM) – together with organisations like al-Qaeda, Tehreek-e-Taliban Pakistan (TTP) and Islamic State, including its Khorasan offshoot (ISKP), continue to raise money under the watchful – and largely indulgent – eye of Pakistan’s security establishment, weak governance structures and corrupt networks.

    The pattern has become wearily familiar. In 2008, FATF’s notice was almost courteous, asking Islamabad to plug ‘loopholes’. By 2012, the language had hardened, demanding the freezing of terrorist assets and alignment with United Nations Security Council Resolution 1267. A reprieve granted in 2015 was hedged with instructions to continue working ‘closely’ with the Asia/Pacific Group on Money Laundering (APG), part of the FATF’s global network, of which Pakistan is a member.

    When the watchdog returned with grey-listing in 2018, it tabled a withering ten-point agenda, later expanded to 34 specific actions. Pakistan was tasked to identify, analyse, control and end terror financing, and to involve its law-enforcement agencies actively in the process. A clutch of compliance Bills was hurried through Parliament in an effort to meet FATF norms.

    The FATF Plenary removed Pakistan from the Grey List in October 2022, but with the reminder: ‘Pakistan will continue to work with the APG to further improve its AML/CFT system.’ Though forced to meet every FATF benchmark, history suggests the country cannot be trusted.

    That fragile façade shattered anew on 22 April 2025. In Pahalgam, Jammu & Kashmir, terrorists – two of them Pakistani nationals – slaughtered 26 civilians. The Resistance Front, an offshoot of Lashkar-e-Taiba, claimed responsibility. Far from being a rogue cell, the TRF operates within the same terror ecosystem that Pakistan’s deep state has nurtured for decades.

    The atrocity has forced an awkward question back onto the FATF Plenary convening in June 2025: can a country that remains a safe haven for terrorist groups be allowed to stay off the Grey List?

    New Delhi’s answer was swift and calibrated. On 7 May, India launched Operation Sindoor, a series of surgical strikes designed to neutralise the infrastructure that spawned the Pahalgam massacre. The headquarters of LeT in Muridke and of JeM in Bahawalpur were reduced to rubble, along with seven other terror camps in Pakistan and Pakistan-occupied Kashmir. The raids were deliberately narrow – no civilian structures were touched – underscoring India’s resolve to respond to terror with precision, not escalation.

    The very existence of these compounds, after Islamabad had sworn to uphold FATF norms on terror financing, lays bare the cosmetic nature of Pakistan’s past compliance. Three listings in fourteen years reveal a state that treats FATF deadlines as inconveniences to be gamed until diplomatic pressure subsides.

    May 16, 2025

  • MIL-OSI NGOs: Greenpeace organizations challenge perverse damages in Energy Transfer lawsuit

    Source: Greenpeace Statement –

    Deepa Padmanabha, Greenpeace USA Sr. Legal Advisor, center, surrounded by Greenpeace legal team, staff and supporters talks to the media outside the Morton County Memorial Courthouse in Mandan, North Dakota shortly after the jury in the case rendered their verdict. © Stephanie Keith / Greenpeace

    MANDAN, ND (May 15, 2025) — In the first hearing since the trial concluded in Energy Transfer’s bullying lawsuit against Greenpeace Inc., Greenpeace Fund, and Greenpeace International, the defendants argued to reduce the more than $660 million damages awarded to Energy Transfer. Arguments included the fact that damages awarded exceed what is allowed by the law and bear no reasonable relationship to Energy Transfer’s alleged damages.

    Deepa Padmanabha, Senior Legal Advisor, Greenpeace USA, said: “Our fight is far from over. Today’s hearing was another step in this important legal battle to protect the rights to protest and free speech, especially as we are witnessing unprecedented attacks on these rights. As we await the Court’s decision on our motion to reduce the damages award, we will continue to fight back against all attempts to silence and intimidate those speaking truth to power.” 

    Kristin Casper, General Counsel, Greenpeace International, said: “While the Court reserved its ruling on today’s motions and did not enter a final judgment, we presented compelling arguments to reduce the perverse damages the jury awarded. Regardless of the outcome, Greenpeace International is committed to exhausting all legal avenues to challenge and overturn any outcome that violates our rights.”

    The next hearing on May 27, 2025 will address renewed requests by Greenpeace defendants for the Court to rule in their favor — despite the jury reaching a different conclusion — because the evidence presented at trial was legally insufficient to rule in Energy Transfer’s favor. Other post-trial matters could also be raised and argued at the upcoming hearing.

    Contact: Madison Carter, Greenpeace USA Senior Communications Specialist, [email protected]

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO –

    May 16, 2025

  • MIL-OSI Africa: African Development Bank funds second Tech Park in Mindelo

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

    MINDELO, Cabo Verde, May 15, 2025/APO Group/ —

    Cabo Verde has inaugurated the Mindelo Technology Park, completing the second campus of the TechPark CV project funded by the African Development Bank (www.AfDB.org). The facility aims to establish the country as a digital hub connecting Africa with global markets. 

    The ceremony took place on May 6 with representatives from the government, industry, and development partners in attendance. The EUR 51.85 million TechPark CV project received EUR 45.5 million in financing from the African Development Bank Group, supporting both the Praia and Mindelo campuses. 

    In an address, Prime Minister José Ulisses Correia e Silva highlighted the transformative impact of the technology park: “Today we inaugurate this technological park hub with the conviction that we are already celebrating a special moment here. Yesterday was on the beach in Sao Vicente, a modern infrastructure important for the development of the digital economy. We want to position the digital economy as one of the key sectors for the diversification of Cabo Verde’s / Cavian economy, and increase the share of the digital economy in the GDP from around 7% to 25%.” 

    He further explained the goals of the project:“It is one of the sectors that create jobs and create quality jobs, simulates entrepreneurship and makes the capacity and talent of young people happen. We want to attract leading companies. We want to develop young digital entrepreneurship, startups and create well paid jobs.” 

    Dr. Akinwumi A. Adesina, President of the African Development Bank Group, emphasized the significance of this milestone: “These two events mark a turning point for the broader diversification of the economy of Cabo Verde and a landmark in its quest to become the digital gateway for Africa. These two technology park campuses will spark the spirit of digital innovation and spur the emergence of technology-enabled businesses that will propel the digital economy of Cabo Verde.” 

    Reflecting on the financial projections and potential impact, Dr. Adesina added, “The Technology Park will allow Cabo Verde to position itself to take advantage of the digital economy in Africa, which is estimated to add $180 billion to the GDP of Africa by 2025 and $712 billion by 2050. It will also allow Cabo Verde to benefit from the $16.5 trillion global digital economy by 2028.” 

    Carlos Monteiro, President of TechPark CV, shared his outlook on the project’s cultural and economic significance: “TechPark CV is the realisation of our ambition to transform Cape Verde into a technology hub for West Africa. Our unique mid-Atlantic location creates a gateway for investments and business opportunities linking Africa, Europe and the Americas.” 

    He added: “The spirit of morabeza lies at the heart of what we’re building – a welcoming environment where innovators from different backgrounds and cultures can collaborate and thrive together. Through this project, we’re not just building a digital hub; we’re fostering a community where technology drives economic growth and sustainable development for Cape Verde and our international partners.” 

    Project architect Fernando Mauricio Dos Santos, whose design balances technological needs with environmental considerations, noted: “The campus features a secure, basement-level data centre that ensures national security while harmonizing with the surrounding residential area. The U-shaped building’s orientation provides protection against northeast winds while maximizing southern light exposure, creating a comfortable and energy-efficient environment. A specialized technical box discreetly houses heavy refrigeration equipment, allowing the facility to blend advanced technology capabilities with Mindelo’s existing urban landscape.”  

    The Mindelo facility includes a data centre, a business incubation hub, and a training centre. The campus currently hosts ten companies from four countries and employs 125 young professionals, with 80% of its 25 office spaces occupied. The facility operates as a special digital economic zone, offering tax incentives to businesses specializing in artificial intelligence, cybersecurity, fintech, and digital health solutions. 

    In closing remarks, Dr. Adesina offered words of encouragement to the entrepreneurs and businesses establishing themselves at the technology park: “You will make it! You will grow! You will thrive!! Just like out of Mindelo the young voice of Cesaria Evora grew until it took the world by storm, so will the Mindelo Technology Park rise to become a gateway for innovation that will resound across Africa and the world. So, keep moving on and moving up!” 

    Both campuses of TechPark CV are now operational.  

    MIL OSI Africa –

    May 16, 2025

  • MIL-OSI USA: Baldwin, Moody, Welch Introduce Bipartisan Bill to Give Tax Relief to Victims of Fraud, Scams, Theft, and Disasters

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI), Ashley Moody (R-FL), and Peter Welch (D-VT) introduced legislation to give relief to those who have been victims of fraud, scams, thefts, accidents, and other personal casualty losses. The Tax Relief for Victims of Crimes, Scams, and Disasters Act reinstates the tax deduction for personal casualty and theft losses and ensures victims of scams, robberies, storms, and fires do not have to pay taxes on stolen assets and further wipe out their hard-earned savings and financial security. 
    “When Wisconsinites fall victim to a fraud or scam, the last thing they should have to worry about is being slapped with an unexpected tax bill once tax season rolls around,” said Senator Baldwin. “I am proud to work with my Republican and Democratic colleagues to introduce this commonsense bill to help make sure if someone is down and out, they have one less thing to worry about than being hit with a tax bill.”
    “As hurricane season is around the corner, I will continue supporting policies that protect Floridians from scammers and fraudsters,” said Senator Moody. “My Tax Relief for Victims of Crimes, Scams and Disasters Act will provide commonsense tax relief for victims, often seniors, who have been financially devastated by scams, crimes or destruction from disasters. This legislation will help folks get back on their feet when they experience hardship. When I was Attorney General of Florida, I made sure to fight for Floridians who fell victim to scams, and I will continue bringing this fight to D.C. so that folks have the protections they need.”
    “It’s outrageous that folks scammed out of their life’s savings are hit with large tax bills. I’m proud to introduce this bill to reinstate this important tax deduction to provide crucial financial relief to those victimized by scams and theft,” said Senator Welch. “Vermont experienced catastrophic floods in July of 2023 and 2024. We know firsthand that victims of floods, storms, and fires go through so much—the last thing they should worry about is being penalized for a natural disaster.”
    Companion legislation will be introduced in the U.S. House by Representatives Jamie Raskin (D-MA-08) and Greg Steube (R-FL-17).
    “Americans who fall prey to scams and rip-offs deserve relief, not massive tax bills from the IRS,” said Rep. Raskin. “Our bipartisan legislation will help millions of Americans, including one of my constituents who was defrauded out of her entire retirement savings and then hit with an enormous tax penalty. I am proud to work with my colleagues on both sides of the aisle in the House and the Senate to bring a measure of justice to victims of scams, thefts and disasters.”
    Until 2018, the federal government allowed victims of crimes and unexpected, uninsurable disasters to deduct these losses from their taxes with a provision called the Casualty and Theft Loss Deduction. Today, scam victims and homeowners are on the hook for tens or hundreds of thousands of dollars in federal taxes unless their misfortunes meet a narrow set of criteria.
    The growing sophistication of cybercriminal networks has led to a rapid proliferation in fraud for the past five years. In 2024 alone, American taxpayers reported $16.6 billion in cyber fraud to the FBI. The average victim of elder fraud lost $83,000. Natural disasters are also on the rise during a period of increasing insurance premiums and unexpected claim denials.
    Senator Baldwin introduced this legislation last year after hearing the story of one Wisconsin woman who was scammed out of her entire savings, investments, and 401(k), more than $200,000 in total, and was forced to pay more than $15,000 in taxes.
    Without a reinstatement of the casualty and theft loss deduction, Americans who are victims of theft and non-federally declared disasters will continue to face hefty federal tax bills that the IRS is obligated to enforce.
    The Tax Relief for Victims of Crimes, Scams, and Disasters Act:
    Reinstates the tax deduction for personal casualty loss and provides retroactive coverage to taxpayers who suffered losses in the years that followed.
    Ensures that victims who suffered losses since 2017 are able to file an amended tax return accounting for their personal casualty loss.
    “The Elder Justice Coalition commends Senators Baldwin, Moody and Welch for introducing the Tax Relief for Victims of Crimes, Scams, and Disasters Act,” said Bob Blancato, National Coordinator of the Elder Justice Coalition. “It is unconscionable that older scam victims who lose hundreds of thousands of dollars face the compounded misery of having to pay taxes on the money lost.  Scams are rampant in this nation and serve to exploit the most vulnerable older adults.  We hope Senator Baldwin’s bill can be made part of a future tax package. Tax relief for scam victims is tax fairness.”
    “The Financial Services Institute (FSI) is proud to support the Tax Relief for Victims of Crimes, Scams and Disasters Act,” said Dale Brown, President & CEO of Financial Services Institute. “Owing taxes on stolen retirement funds makes an already painful situation worse. Main Street Americans cannot afford to lose their life savings, which they rely upon for a financially secure retirement. This bill will provide some relief to victims and mitigate damages as they work with their trusted financial advisor to recover losses and regain their financial footing.”
    “With widespread financial fraud and scams impacting many Americans’ retirement security and financial livelihoods, CFP Board enthusiastically supports this critical piece of legislation that would lessen the impact of financial loss. We look forward to seeing this bill get to the finish line,” said Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board.
    “Victims of disasters and theft are taken advantage of far too often,” said Shannon McGahn, EVP & Chief Advocacy Officer for the National Association of REALTORS®. The National Association of REALTORS® is grateful to Representatives Steube and Raskin, along with Senators Moody and Baldwin, for reintroducing the Tax Relief for Victims of Crimes, Scams, and Disasters Act, bipartisan legislation to restore the Casualty and Theft Loss Deduction. This deduction, if reinstated, would ensure that homeowners—especially seniors—who fall victim to uninsurable and unexpected disasters or theft can deduct their losses from their federal taxes. The legislation would protect homeowners from becoming victims again after a disaster, and NAR applauds Congress for putting this legislation forward again.
    “For many years, the AICPA has urged Congress to enact timely, uniform and permanent tax legislation, rather than providing delayed tax relief through separate individual bills following each disaster,” said Melanie Lauridsen, Vice President of Tax Policy and Advocacy, American Institute of CPAs. “Disasters regularly affect taxpayers at all times of the year. However, our current system does not provide fair and reliable tax relief for victims of casualties and thefts. We commend Representatives Steube and Raskin and Senators Moody and Baldwin on introducing legislation that will finally right this wrong, and we look forward to working with them to bring this long overdue relief to American taxpayers.”
    The legislation is endorsed by the AARP, The Elder Justice Coalition, the National Association of Consumer Advocates, AICPA-CIMA, National Association of Enrolled Agents, National Association of Realtors, American Land Title Association, CFP Board, Investment Adviser Association, Financial Services Institute, Aspen Institute Financial Security Program, Association of Mature American Citizens, National Association of Government Defined Contribution Administrators, Operation Shamrock, SPARK Institute.
    A one-pager on this legislation is available here. Full text of the bill is available here.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI: XenDex Prepares to Unveil Platform as $XDX Presale Enters Final Countdown

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 15, 2025 (GLOBE NEWSWIRE) — Following the successful completion of its soft cap and an influx of thousands of early adopters, XenDex is excited to confirm that Version 1 of its all-in-one decentralized exchange (DEX) is actively in development. A first-look mockup of the platform’s user interface will be revealed in the coming days, offering the community an exclusive preview of what’s to come.

    XenDex V1 is being built as a sleek, intuitive, and beginner-friendly platform that integrates the most in-demand decentralized finance features, all designed specifically for the XRP Ledger. Key functionalities include AI-powered copy trading, non-custodial lending and borrowing, staking and yield farming, cross-chain trading, and DAO governance all seamlessly accessible from a single dashboard.

    Join XenDex Presale Now

    And here’s the game-changer: Early access to XenDex V1 will be exclusively available to $XDX presale participants.

    Why $XDX Is Gaining Massive Traction

    XRP is currently experiencing renewed institutional interest following major milestones such as; SEC’s withdrawal of the Ripple lawsuit, Approval of ProShares’ XRP Futures ETF, Launch of Brazil’s first XRP Spot ETF etc.

    With bullish sentiment returning to the market, analysts and speculators alike are projecting long-term targets as high as $1,000 per XRP. In this surging landscape, XenDex is emerging as the foundational DeFi layer for the XRP ecosystem, with $XDX fueling every key operation on the platform.

    Final Stage of Presale — Limited Supply Remaining

    • Soft Cap: Filled
    • Current Price: 1.25 XRP = 10 XDX
    • Minimum Purchase: 150 XRP
    • Availability: Final allocation currently selling quickly

    Secure Your Tokens Now: https://xendex.net/presale

    $XDX Exchange Listings Confirmed

    Upon conclusion of the presale, $XDX will launch on major exchanges, including:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Buy XDX on XenDex

    These listings are expected to boost liquidity, increase exposure, and drive global adoption.

    XenDex Feature Highlights

    • AI-Powered Copy Trading
    • Non-Custodial Lending & Borrowing
    • Cross-Chain Trading
    • Staking & Yield Farming
    • DAO Governance

    Don’t Miss the Launch Phase

    Buy $XDX On Presale

    With the mockup reveal imminent, the full DEX release on the horizon, and final $XDX presale tokens disappearing fast, now is the time to join us.

    Be among the first to use the platform. Join the DeFi revolution on XRP.

    Official XenDex Links

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/528bccfe-9d9d-442d-8aa5-48ac5566bc0a

    The MIL Network –

    May 16, 2025

  • MIL-OSI USA: Investing in Central New York’s Downtowns

    Source: US State of New York

    overnor Kathy Hochul today announced awards for a total of 20 transformational projects in Central New York as part of two economic development programs: the Downtown Revitalization Initiative and NY Forward. Nine projects were announced for Aurora, Cayuga and Union Springs, the joint Round 7 winner of a $10 million DRI award; seven projects were announced for Canastota, a Round 2 winner of a $4.5 million NY Forward award; and four projects were announced for Brewerton, also a Round 2 winner of a $4.5 million NY Forward award.

    “Central New York is at the forefront of the economic resurgence sweeping across our state, and I’m investing in 20 projects that will transform our towns and villages, and strengthen the communities around them,” Governor Hochul said. “When we invest in our communities, we make it easier for families and businesses to do what they do best with the freedom to do it better — that’s why I’m fighting to make our neighborhoods better for generations to come.”

    New York Secretary of State Walter T. Mosley said, “When we invest in our downtowns, we’re investing in the heart of our communities. Through the Downtown Revitalization Initiative and NY Forward program, we’re not just funding projects – we’re fostering vibrant, walkable neighborhoods that spur economic growth, enhance quality of life for residents and preserve the unique character of each municipality and region. These signature programs exemplify our commitment to ensuring that every New Yorker, in every corner of our State, has the opportunity to succeed and thrive.”

    The 9 Aurora, Cayuga and Union Springs DRI projects, totaling $9.7 million, include:

    • Redevelopment of Beacon Bay Marina ($2,500,000): Redevelop the existing building into new lodging units, a property manager’s apartment and a small open-air gathering space primarily for lodging guests. The project also includes the installation of new docks to accommodate additional boating activity.
    • Improvements to Frontenac Park ($1,338,000): Develop new pathways for pedestrian circulation, new pay station and accommodations for parking. The project also includes repurposing of the house at the end of Factory Street into a recreation office and community gathering space, creation of a new patio for outdoor recreation programming and classes, addition of a new picnic shelter and restoration of lawn areas.
    • Transformation of McIntosh Park ($2,083,000): Transform McIntosh Park through renovations that include drainage improvements, paved entrance road and parking, basketball and pickleball courts, relocation of the existing tee-ball field, new benches, construction of an inclusive playground and a new pavilion.
    • Development of Mixed-Use Building at 143 Cayuga Street ($1,428,000): Construct a new multi-story, mixed-use building that will include apartments on the upper floors and retail space on the ground floor.
    • Construction of a Southern Gateway: Aurora Waterfront Park ($773,000): Construct a Southern Gateway Park by repurposing the old railway bed into a durable, shared use, ADA compliant trail. Additional park features include new signage, a new parking area, picnic tables with grills and shade trees. The project will also include an accessible canoe/kayak launch, kayak storage rack and Blueway launch site signage, Blueway Trail kiosk, benches along the trail and a concrete sidewall.
    • Development of Marina Gateway and Storefront Entrance, Waterfront Café and Additional Boat Service Facilities ($589,000): Develop a marina gateway via removal of structures at 107 Cayuga Street, new storefront entrance for the Marina show room and construction of triple bay service and parts facility. The project also includes the construction of a waterfront café to be open for year-round use.
    • Development of Apartments at 6200 Center Street ($446,000): Adaptive reuse of an existing building at 6200 Center Street into two-bedroom loft style apartments and associated storage spaces for residents.
    • Restoration of the Historic Patrick Tavern Building and Development of Tavern Green at 302 Main Street ($363,000): Restore Patrick Tavern including the addition of an historically accurate covered porch along the Village’s Main Street façade. The project also includes the replacement of the roof, windows and doors as well as new interpretive signage, sidewalk connection, bike racks, storage room, new exterior lighting, a stone patio and stone wall and ADA accessible ramps. Behind the building, a new green space will be developed to allow for markets and events.
    • Upgrades to Community Center and New Accessible Entrance at 337 Main Street ($180,000): Install a new ADA accessible entryway with improved lighting, signage and a sidewalk connection to existing public walk. The project provides updates to the existing meeting space including the replacement of flooring, new lighting, reconstruction of the kitchen and HVAC installation.

    Village of Canastota

    The Village of Canastota has demonstrated that it is ready for transformative growth with its historic village, past investments and abundant recreational opportunities. The NY Forward projects identified will capitalize on these assets and redevelop vacant sites, while also restoring and enhancing the Village’s rural charm and Erie Canal heritage.

    The 7 Canastota NY Forward Projects, totaling $4.5 Million, include:

    • Develop a Mixed-Use Pocket Neighborhood with Cafe Retail Space & Community Amenities on the Erie Canal ($500,000): Construct a retail space within a new “Canalside Pocket Neighborhood,” a multi-building mixed-use housing project. The total pocket neighborhood project will redevelop a vacant site one block from downtown and feature approximately 51 new housing units for diverse income groups that consist of 7–12 new buildings, including single-family homes, townhomes, senior housing, an apartment complex, retail and community amenities.
    • Expand ZEMS/Penny’s to Create New Community Gathering Space South of the Canal ($239,000): Create a two-acre public space in front of ZEMS/Penny’s, renovate the local businesses’ interior and add 600 feet of new sidewalk, a gazebo, music stage and pavilion. The interior expansion will create more retail space and a multipurpose community space. The sidewalk improvements will facilitate greater connectivity between local trails and downtown.
    • Convert Vacant Canal Street Building into NYS Farm Craft Brewing Facility ($575,000): Convert a vacant historic Erie Canal building into a NYS farm brewery and tourist destination. The renovation will involve converting the interior into a brew facility, tasting room, educational venue and packaging facility for off-premises sales. The exterior renovations will include Erie Canal themed exteriors and ample visitor parking.
    • Transform Vacant Historic Farr Building into Erie Canal Brewing Company Taproom & Village Welcome Center ($450,000): Restore an unoccupied historic building to a productive facility, promoting local economic growth, creating jobs, providing affordable apartments, attracting tourism and providing event space. The taproom will feature NY craft beer, wine and locally sourced food.
    • Renovate Historic Building at 138 Canal Street for Commercial Use ($172,000): Revive one of the oldest original structures along the Erie Canal through a complete building renovation that will include a new facade, front porch, walkways and interior finishes. The first floor of the completed project will be marketed for lease to local retail or food and beverage establishments at below-market rents, attracting entrepreneurs to the location.
    • Enhance North Canal Street to Improve Public Space, Walkability and Recreational Opportunities ($1,706,000): Revitalize space adjacent to the historic Erie Canal into a new Village park, incorporating streetscape improvements, Rotary Park enhancements, a canal overlook, a canal-front pavilion, water circulation features and boat launch.
    • Renovate Canastota Fire House for Improved Community Use & Greater Accessibility ($858,000): The project will modernize the Canastota Fire House’s public meeting space for ADA accessibility and enhanced energy efficiency. It includes an elevator installation and restroom renovation for ADA compliance, window replacement, interior improvements and exterior rehabilitation.

    Hamlet of Brewerton

    With its proximity to the Micron semi-conductor site, the Hamlet of Brewerton’s NY Forward projects are being viewed as the first step towards intentional, strategic and collaborative planning. The development of these projects will welcome new residents, visitors, and businesses in the years to come. The combination of public and private improvements will lay the foundation for future private sector investments that will attract more businesses and events to the downtown.

    The 4 Brewerton NY Forward Projects, totaling $4.5 Million, include:

    • Construct 9693 Brewerton Road Mixed Use Development ($1,600,000): Create new retail and residential space in the heart of the NYF area. The development will include a mixed-use building and energy-efficient townhomes.
    • Enhance Lighthouse Park ($1,500,000): Enhance waterfront recreation by adding a two-slip public boat launch, ADA-compliant fishing platform and kayak launch, nature play facility and a new restroom at Lighthouse Park.
    • Construct Apartment Buildings at 9602 Brewerton Road ($1,000,000): Construct two eight-unit buildings in phase 1 and twenty tiny homes in phase 2 within walking access to Oneida Lake and local businesses.
    • Renovate Brewerton Library ($400,000): Expand the library’s role as a community hub by adding a small café space, public meeting room, additional restrooms, a visitor information center and an outdoor seating area.

    Empire State Development President, CEO, and Commissioner Hope Knight said, “The Downtown Revitalization Initiative and NY Forward programs are transforming communities across New York State by turning local visions into bold investments to generate place-based economic development. These projects will create new opportunities for businesses, support vibrant public spaces, and attract residents and visitors alike – laying the foundation for sustainable growth and stronger regional economies.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “All across this State, the Downtown Revitalization Initiative and NY Forward programs are strategically prioritizing communities, growing economies with targeted awards, creating more housing opportunities that improve affordability for New Yorkers where it is most needed, and building on the diverse character of our neighborhoods. By working with local and municipal partners, these awards continue Governor Hochul’s commitment to developing the full potential of our downtowns as economic drivers and attractive places to live.”

    Central New York Regional Economic Development Council Co-Chairs Randy Wolken and Linda M. LeMura said, “The CNYREDC is incredibly proud to continue our support for the communities of Aurora, Cayuga, Union Springs, Canastota and Brewerton and their exciting futures thanks to the Governor’s Downtown Revitalization and New York Forward Initiatives. These 20 selected, community-driven projects will benefit both residents and visitors alike, promoting economic growth and creating a more vibrant downtown-a place where people will want to live, work, and play for generations to come.”

    State Senator Christopher Ryan said, “These investments in Canastota and Brewerton represent more than bricks and mortar. They’re about building community, honoring heritage, and preparing for the future. In Canastota, we’re breathing new life into our Erie Canal legacy, creating new housing and business opportunities while strengthening our identity as a historic and welcoming village. In Brewerton, we’re laying the groundwork for smart, strategic growth that aligns with the region’s evolving potential, especially as Micron transforms our economic landscape. I’m proud to support these forward-looking projects that will bring lasting benefits to residents and businesses alike and thank Governor Hochul for her commitment to our region.”

    State Senator Rachel May said, “Central New York is full of vibrant downtowns where friends can gather to enjoy great dining, theater, art, and outdoor activities. With nearly $10 million allocated through the Downtown Revitalization Initiative, buildings, parks, and waterfronts in Cayuga County will be enhanced, making these spaces more enjoyable and accessible. Thank you to our local leaders for ensuring that these public areas continue to enrich the lives of residents, and to Governor Hochul and my colleagues for continuing to support the DRI program that serves so many Upstate communities.”

    Assemblymember Al Stirpe said, “The implementation of these projects sets the stage for Central New York to shine, bringing out the best aspects of our communities for years to come. I am proud to support NY Forward’s initiatives in Brewerton, as they revitalize this area’s unique waterfront community with enhanced residential spaces and recreational opportunities for all. As our region’s economic capacity continues to expand, Central New York is committed to be a vibrant and affordable place to work, raise a family, and live a good life.”

    Village of Cayuga Mayor Don Wilson Jr. said, “It is with great honor and gratitude that the Village of Cayuga receive this investment from the taxpayers of New York. I congratulate our neighbors, Union Springs and Aurora, and look forward to continuing this momentum into the future.”

    Village of Aurora Mayor Jim Orman said, “One year ago Wells College closed. The Village of Aurora lost over half of its population. This DRI award will provide the first tangible step to begin the renaissance of Aurora. We have already attracted the interest of an investor to build homes and small businesses across from this new park. This transformational award will provide the initial boost in our long term economic development growth.”

    Village of Union Springs Mayor Robert C. Thurston Jr. said, “The Village of Union Springs ecstatic following the announcement of the projects selected for the Downtown Revitalization Initiative (DRI). These transformative projects are destined to generate a significant and lasting impact not only on the village itself but also on the wider region. The selection of these DRI projects marks a pivotal moment for Union Springs. These initiatives are exceptionally important to our community, and we are confident that upon their completion, their positive effects will be felt for generations to come. This investment will be truly transformative. The Village of Union Springs eagerly anticipates the commencement of these projects and the vibrant future they will help create for residents and visitors alike.”

    Village of Canastota Mayor Rosanne Warner said, “The Village of Canastota is very excited about the economic and social benefits these NY Forward projects will bring to our community, and we are confident that this investment into our village will spur additional revitalization efforts. On behalf of the residents of Canastota I would like to sincerely thank Governor Hochul, the Department of State, and Empire State Development, for their faith in our projects which hold great promise to be truly transformative. We thank all of the businesses who submitted projects for this highly competitive grant and look forward to starting the next phase of this process which will bring positive changes to our 215-year-old historic downtown.”

    Town of Hastings Supervisor Tony Bush said, “I and the Town of Hastings are so thankful for this Grant in regards to the Lighthouse Park. I want to thank the Governor and all that were involved in making this happen. This money will help enhance our park and usage, with boats, kayaks and family get together. Our Town can not thank you enough.”

    DRI and NY Forward communities developed Strategic Implementation Plans (SIPs), which create a vision for the future of their downtown and identify and recommend a slate of complementary, transformative and implementable projects that support that vision. The SIPs are guided by a Local Planning Committee (LPC) comprised of local and regional leaders, stakeholders and community representatives, with the assistance of an assigned consultant and DOS staff, all of whom conduct extensive community outreach and engagement when determining projects. The projects selected for funding from the SIP were identified as having the greatest potential to jumpstart revitalization and generate new opportunities for long-term growth.

    About the Downtown Revitalization Initiative
    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State strengthen its economy, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through nine rounds, the DRI has awarded a total of $900 million to 91 communities across every region of the State.

    About the NY Forward Program
    First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program has awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI United Kingdom: Sunderland beaches named amongst the best in the country

    Source: City of Sunderland

    Sunderland’s ever popular Roker and Seaburn beaches have been named among the best in the country in the 2025 Seaside Awards.

    The awards from leading environmental charity Keep Britain Tidy are presented to the best beaches in England and celebrate the quality and diversity of its coastline.

    Councillor Lindsey Leonard, Cabinet Member for Environment, Transport and Net Zero at Sunderland City Council, said: “We’re delighted that both Roker and Seaburn beaches will be proudly flying the national Seaside Awards flag again this year after being recognised as being among the best in England for their quality, cleanliness, and management. We’re also delighted that Roker Beach has once again been awarded a prestigious blue flag – a symbol of the highest standards in water quality, cleanliness, and visitor facilities.

    “And the award of a Seaside Award for Seaburn Beach – alongside a ‘Good’ rating for water quality – reflects the high standards maintained across the seafront. It continues to be a fantastic place for residents and visitors to enjoy the seaside and one of the city’s most popular destinations for residents and visitors. Our teams work tirelessly to keep our coastline clean, welcoming, and safe all year round, and this continued recognition through national awards is a testament to that hard work.”

    Councillor Beth Jones, Cabinet Member for Communities, Culture and Tourism at Sunderland City Council, added: “We’re fortunate in having a stunning coastline, with much loved award-winning beaches and panoramic views and its own growing food and drink scene, as well as fantastic facilities for families and we’re looking forward to welcoming the many people who enjoy them all year round.

    “We’ve also just recently confirmed the expansion of Sunderland BID to our seafront – an exciting development that will unlock even more potential across Roker and Seaburn – helping us strengthen our coast-to-city visitor journey and support businesses in one of our most-loved locations so we’re really excited about the future of Roker and Seaburn and making the most of the many attractions they have to offer.”

    Millions of pounds worth of investment in the regeneration of the city’s seafront have seen it going from strength to strength in recent years, with new developments including the Seaburn Inn hotel, Stack and a host of new restaurants and cafes, including Blacks Corner Tram Shelter, North and the Tin of Sardines making it a magnet for residents and visitors alike.

    While a new play area at Seaburn with digital play, sand and sensory zones which was designed with the help of local school children has significantly increased the family offer.

    The recent launch of a new Seafront Business Improvement District (BID) is set to bring further significant benefits to the seafront by creating a vibrant, welcoming and safe environment and improving links with the city centre and Sheepfolds to attract more visitors and boost the local economy.

    Sunderland City Council has also recently launched a city wide app to help residents, businesses and visitors to get the best out of the city by getting all the latest updates on local events and attractions.

    Downloading The Sunderland App allows users to discover hidden gems from cosy cafes to gourmet restaurants, navigate their way around the city using interactive maps and unlock exclusive deals and discounts: The Sunderland App – MySunderland 

    People can also take advantage of free Superfast WiFI covering the city centre, right along to the seafront too to download the app and use it without using up their data: Free Sunderland Wi-Fi – MySunderland

    While www.mysunderland.co.uk is the place to go to keep up with everything you need to know about the city’s offer.

    MIL OSI United Kingdom –

    May 16, 2025

  • MIL-OSI USA: Rep. Sherrill Criticizes Lack of Urgency, Demands DOT & FAA Address Transportation Nightmare at Newark Airport

    Source: United States House of Representatives – Congresswoman Mikie Sherrill (NJ-11)

    WASHINGTON, DC — Today, Representative Mikie Sherrill sent a letter to Transportation Secretary Sean Duffy and Acting FAA Administrator Chris Rocheleau demanding immediate federal action to resolve the air traffic control staffing and systems crisis affecting Newark Liberty International Airport. In the past two weeks alone, over 5,000 flights have been delayed and dozens of round-trip routes canceled, leaving thousands of New Jerseyans stranded or forced to miss critical life events like their child’s graduation.

    Rep. Sherrill cited repeated radar and communications outages at the Philadelphia Terminal Radar Approach Control (TRACON) facility—responsible for managing Newark’s airspace—as well as severe staffing shortages, as unacceptable threats to public safety.

    “I have flown in heavily congested airspaces as a helicopter pilot in the U.S. Navy, so I know how dangerous a 90 second radar and communications outage can be for passengers and crew in the air and on the ground,” wrote Rep. Sherrill. “While I welcomed the Administration and FAA’s comments about increasing air traffic controller staffing and technology upgrades, I am disappointed with the lack of urgency and action. Radar and communications blackouts and unprecedented staffing shortages have continued in the week since, prompting concerns about when federal assistance will actually be available for the Philadelphia TRACON and when my constituents can expect relief from this transportation disaster. On behalf of my New Jersey constituents, I demand answers and action as soon as possible in response to the following questions regarding DOT and FAA’s strategy to return the Philadelphia TRACON and Newark Airport airspace to full operations and safety.”

    Read the full letter here or below:

    Dear Secretary Duffy and Acting Administrator Rocheleau:

    Over the past two weeks, thousands of my constituents in New Jersey have faced a transportation nightmare – including more than 5,000 flight delays and the cancellation of dozens of round-trip routes – in the central hub for air transit in our region. Not only are families unable to reach loved ones in the hospital or attend their child’s graduation, but they are increasingly worried about whether it is safe to fly in and out of Newark Liberty International Airport at all.

    Since the public was made aware of the April 28th radar and communications blackout at the Philadelphia Terminal Radar Approach Control (TRACON) – which manages Newark’s airspace – the situation at Newark Airport has only worsened. On May 9th, radar screens at the Philadelphia TRACON went dark again for another 90-second period. On May 11th, communications and radar displays went down for a third time in less than 14 days, causing the Federal Aviation Administration (FAA) to order a 45-minute ground stop at Newark Airport. On May 12th, meanwhile, staffing shortages at the Philadelphia TRACON were so severe that several hours during the evening had only three air traffic controllers on duty, dramatically lower than the target of 14 controllers for managing the Newark airspace in evening hours.

    Needless to say, this situation is unacceptable. I have flown in heavily congested airspaces as a helicopter pilot in the U.S. Navy, so I know how dangerous a 90 second radar and communications outage can be for passengers and crew in the air and on the ground. Last week, I called on the Department of Transportation and the FAA to boost staffing and resource capacity immediately for the Philadelphia TRACON that controls Newark’s airspace. Additional personnel are critically needed to make up for the air traffic controllers who were forced to take trauma leave after their experiences on April 28th, and more financial resources and equipment are required to deploy backup communications connections between the Philadelphia TRACON and the Long Island-based equipment still used for Newark air traffic control.

    While I welcomed the Administration and FAA’s comments about increasing air traffic controller staffing and technology upgrades, I am disappointed with the lack of urgency and action. Radar and communications blackouts and unprecedented staffing shortages have continued in the week since, prompting concerns about when federal assistance will actually be available for the Philadelphia TRACON and when my constituents can expect relief from this transportation disaster.

    On behalf of my New Jersey constituents, I demand answers and action as soon as possible in response to the following questions regarding DOT and FAA’s strategy to return the Philadelphia TRACON and Newark Airport airspace to full operations and safety:

    1. What are DOT and FAA’s immediate plans to increase the number of air traffic controllers at the Philadelphia TRACON, particularly given the current 20% reduction in staffing capacity as a result of controllers taking trauma leave based on the events of April 28th? What is your deadline for when additional controllers will be able to start work at the Philadelphia TRACON? Is the FAA planning to shift additional air traffic controllers to Philly, and if so, where will these air traffic controllers be moved from? What Newark airspace-specific training will these air traffic controllers need and what is your timeframe for providing it?
       
    2. What are DOT and FAA’s immediate plans to add three new, high-bandwidth telecommunications connections between Philadelphia TRACON and the Long Island TRACON, as well as to install a temporary backup STARS radar hub at Philadelphia TRACON? When will this new equipment be operational and ready to manage the Newark airspace?
       
    3. Regarding DOT and FAA’s longer-term strategy for Newark’s airspace, when will a permanent STARS hub be operational at Philadelphia TRACON so that it doesn’t need to rely on the Long Island radar feed? Have DOT and FAA evaluated moving Newark airspace control back to the Long Island TRACON?
       
    4. What are DOT and FAA’s long-term plans to expand the air traffic controller workforce, including increased funding for workforce development programs, an expansion of the FAA Air Traffic Controller Academy, increased wages and benefits for controllers, and a streamlined hiring process for applicants?
       
    5. As DOT and FAA increase air traffic controller hiring and training, how will you ensure that new controllers are available to work at the Philadelphia TRACON and air traffic control for New Jersey’s airspace? New Jersey currently does not have any participating colleges or universities in the Air Traffic Collegiate Training Initiative, which could help develop a New Jersey air traffic controller workforce. Will DOT and FAA commit to expanding the Collegiate Training Initiative to New Jersey?
       
    6. Last year’s bipartisan FAA Reauthorization legislation provided $70 billion for FAA safety programs (including hiring additional air traffic controllers) and $20 billion for technology modernization. It also expanded the Aviation Workforce Development Grant Program to boost the number of training positions for air traffic controllers. How are DOT and FAA using these funds to boost the air traffic controller workforce?

    It is critical that DOT and FAA act urgently to address this unprecedented situation. Without an immediate boost in air traffic controller staffing levels at the Philadelphia TRACON that manages Newark’s airspace, and the creation of multiple redundancies in the Philadelphia TRACON’s radar and communications systems, equipment blackouts will undoubtedly continue – putting lives at risk and degrading trust in America’s air infrastructure. 

    Congress stands ready to act in whatever way is needed, along bipartisan lines. It’s time to put an end to this crisis.

    ###

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI: Spiritual Business Guide ‘Zen and Stilettos’ Sells 100,000 Copies, Enters Publisher’s Top-10

    Source: GlobeNewswire (MIL-OSI)

    BALI, INDONESIA, May 15, 2025 (GLOBE NEWSWIRE) — Elizaveta Babanova’s debut book, “Zen and Stilettos,” has sold approximately 100,000 copies since its release, securing a spot in her publisher’s top-10 bestsellers list in its first year.

    Market analysts report that the book, which combines spiritual practices with practical business advice, has resonated with readers seeking to balance material success with personal development, particularly among professional women aged 30-45.

    “When I achieved what once felt impossible—discovering my purpose—I forged a path forward,” Babanova said in a recent interview. “At its core is my mission: to help others rediscover their soul’s intention, reconnect deeply with their essence, and live a multifaceted, fulfilling life.”

    Industry experts attribute the book’s commercial success to its practical approach to spirituality in an increasingly complex business environment. Nielsen BookScan data indicates a 23% growth in the personal development category over the past year, with spiritual business guides showing particular strength.

    “I spent years searching for meaning,” said Babanova, who holds a background in finance before transitioning to writing and entrepreneurship. “It’s striking how much of the external world seems designed to disconnect us from our true selves.”

    According to published reports, Babanova’s second book, “The Best Year of My Life,” has also achieved bestseller status. Both titles have maintained strong sales momentum through traditional retail and e-commerce platforms.

    The author has leveraged her literary success to develop additional creative ventures, including the “Path of the Soul” music series, featuring music composed by Elizaveta and performed by Tchaikovsky and Gnesin Conservatories graduates. The concerts have been staged in Bali and the United Arab Emirates. This spring, “Path of the Soul” concerts will be performed in Damanhur, Italy and Moscow, Russia.

    “Through books, music, broadcasts, and writing, I share my inner state,” Babanova explained. “Those who resonate with it form a natural, deep connection. There’s no greater joy than helping others unlock their divine potential—it fulfils my own purpose.”

    Market analysts note that Babanova’s success represents a growing trend of merging traditional business principles with holistic approaches to personal development. Her ability to translate spiritual concepts into commercially viable products has positioned her as a notable figure.

    In addition to her writing and music, Babanova operates Mystic Travel, which organises retreats to locations she describes as sacred “places of power.” “For most of my adult life I have been called to places on Earth that hold sacred codes,” Babanova said of the travel venture. “They’re like haute cuisine: you can follow a Michelin-starred chef’s recipe, but it’s never the same as tasting their dish in their kitchen. Similarly, documentaries and books can’t rival the visceral transformation of being in these spaces. Their energy expands and reshapes you,” said the world traveler, who has spent time in over 45 countries.

    The diversified business model has proven effective, with revenue streams from book sales, concert tickets, retreat packages, and merchandise contributing to overall growth. Industry analysts project continued expansion as Babanova’s brand gains international recognition.

    According to publisher announcements, her forthcoming book, “Dance in Abundance,” will be released in 2025 and will deeply explore universal codes of abundance, including ancient initiation traditions and their modern applications. An English-language edition is being prepared for international distribution.

    “I have deeply immersed myself in the study of the ancient practice of initiation,” Babanova said regarding her upcoming work. “During one of my own, I received an insight about crafting a line of sacred artefacts. In ancient times, every significant initiation was marked by a special object—a symbol of transformation that amplified a person’s desired qualities.”

    That insight led to developing a pearl jewellery brand that combines natural elements with spiritual symbolism, adding another dimension to her business portfolio.

    According to social media analytics firm Socialblade, the author maintains active social media channels with over 500,000 combined followers across platforms, where she shares content related to personal growth and business development.

    “Creative expression became my way of sharing profound inner states,” Babanova said. “Books, albums, and concerts flowed naturally from what I felt. Words alone couldn’t capture the depth of those emotions, so I turned to music and performance to convey unconditional love and the joy of existence.”

    Market research firm BookScan reports that the success of “Zen and Stilettos” has helped drive a 15% increase in the spiritual business advice subcategory over the past fiscal year. The book has been particularly successful in Moscow, St. Petersburg, and Yekaterinburg, with growing interest in international markets.

    Literary critics have noted the book’s accessibility despite addressing complex philosophical concepts. The Russian Publishers Association recognised the work in its annual report as an example of effectively bridging practical business advice with personal development principles.

    “Every project starts as a personal need—to experience and express life as something magnificent and eternal. Then it finds its audience, resonating with those meant to connect with it,” Babanova explained her creative process.

    According to development partners, the author plans to launch a mobile application called “World of Abundance” later this year. The application will feature daily practices and support resources for her tribe.

    Babanova’s rise in the publishing industry follows a broader trend of increasing consumer interest in integrated approaches to business success and personal fulfilment. Global market research firm Ipsos reports that 67% of professionals consider spiritual well-being important to their career development.

    Media contact

    Brand: Eliza Babanova

    Contact: Eliza Babanova

    E-mail: info@elizavetababanova.com

    Website: https://elizavetababanova.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI: Marksmen Energy Inc. Provides Update on the Filing of its 2024 Annual Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, ALBERTA, May 15, 2025 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company“) announces that, further to its news release dated May 1, 2025, the Alberta Securities Commission, as principal regulator of the Company, has issued a management cease trade order (“MCTO“) to Marksmen pursuant to its application under National Policy 12-203 Management Cease Trade Orders (“NP 12-203“) in respect of the default regarding the delay of the filing of its annual financial statements, accompanying management’s discussion and analysis and related chief executive officer (“CEO“) and chief financial officer (“CFO“) certifications for the financial year ended December 31, 2024 (collectively, the “Annual Filings“).

    Marksmen continues to work closely with its auditor MNP LLP and is making every effort to submit the Annual Filings in a timely fashion and expects to file no later than June 15, 2025. The Company confirms that since its news release dated May 1, 2025, there is no other material information concerning the affairs of the Company that has not been generally disclosed.

    The MCTO prohibits the CEO and the CFO from trading in securities of Marksmen for two full business days after the Annual Filings have been filed. The issuance of the MCTO does not affect the ability of persons other than the CEO and the CFO of the Company to trade in the Company’s securities.

    Until the Annual Filings have been filed, the Company confirms that it intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 for so long as it remains in default as a result of the late filing of the Annual Filings by issuing biweekly default status reports in the form of further news releases.

    For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

    Forward Looking Information and Risk Factors

    This news release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities legislation, including statements identified by the use of words such as “will”, “expects”, “positions”, “believe”, “potential” and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.

    Such forward-looking information is not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein may include, but is not limited to, information concerning the estimated filing date of the Annual Filings.

    By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Some of these risks include, but are not limited to, the risk that the Annual Filings are filed later than anticipated, the risk that the Company’s MCTO is revoked for any reason, in which case there is a risk that trading in the Company’s securities may halted by the TSX Venture Exchange and/or cease traded temporarily by the Canadian securities commissions until such time as the Annual Filings are filed on SEDAR+.

    Additional information regarding risks and uncertainties of the Company’s business are contained under the headings “Financial Risk Management” and “Going Concern” in the Company’s Management’s Discussion & Analysis for the condensed interim consolidated financial statements for the nine months ended September 30, 2024 and the Company’s other public filings which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

    In connection with the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information contained in this news release are made as of the date of this news release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

    The MIL Network –

    May 16, 2025

  • MIL-OSI Russia: The leading engineering school of SPbPU summed up the results of two and a half years of work

    Translation. Region: Russian Federal

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

    The Advanced Engineering School “Digital Engineering” of Peter the Great St. Petersburg Polytechnic University (PISH SPbPU) presented the results of its work for 2024 and long-term development plans at the Council for the consideration of issues and coordination of the activities of the PISH chaired by the Minister of Science and Higher Education of the Russian Federation Valery Falkov.

    The flagship project of the Ministry of Education and Science “Advanced Engineering Schools” has been implemented since 2022. Currently, 50 such schools have been created within its framework, and by 2030, on the instructions of Russian President Vladimir Putin, their number should be increased to 100. Starting this year, the first 30 schools from 15 regions, including PISh SPbPU, according to the terms of the project, are moving to a new stage of financing – after three years of budget financing, they will switch to off-budget and will work at the expense of funds attracted from industrial partners.

    The first 30 advanced engineering schools are moving to a new qualitative level of development. The results presented by the university teams show that together we have managed to create an effective model for integrating education, science and production. The next stage for the first wave of schools will be scaling up their activities. Everything necessary for this is available: modern equipment, competencies, established contacts with industrial partners. It is important that regional authorities pay great attention to the development of advanced engineering schools in their cities, understanding their value for strengthening relations between higher education and the real sector of the economy, emphasized the head of the Russian Ministry of Education and Science Valery Falkov.

    Today, 12 master’s programs are implemented at PIS SPbPU. From 2022 to 2024, the enrollment of students in the master’s programs of PIS SPbPU increased by 2.5 times, and the enrollment in the Applied Mechanics program became the largest in Russia – 68 people. In 2024, the first graduation of master’s students took place, and all graduates were employed at industrial partner enterprises, in partner universities, structural divisions of SPbPU and PIS SPbPU, as well as in companies in the high-tech sector of the economy.

    Also, PISh SPbPU has developed and is implementing 53 programs of additional professional education (APE) for managers and engineering personnel of such companies as T Plus, Inter RAO, Power Machines, Severstal, companies of the United Aircraft Corporation (PJSC United Aircraft Corporation, Ilyushin Aviation Complex, Yakovlev, JSC AeroKomposit), UEC, UEC-Aviadvigatel, UEC-Klimov, etc.

    The program of the Advanced Engineering School of SPbPU “Digital Engineering” allowed us to open many new modern laboratories and scientific and educational spaces at our university, develop and launch new master’s and additional professional education programs in relevant engineering areas. I would like to note that the Advanced Engineering School of SPbPU also expanded its effective and systematic interaction with industrial partners – high-tech companies and corporations. In addition, it was at the Advanced Engineering School “Digital Engineering” that the qualified partnership model was successfully tested, which formed the basis of the SPbPU Development Program until 2030 and in the long term until 2036. Formed teams with competencies and experience in solving breakthrough scientific and technological problems, the created scientific and scientific-technological reserve and the established effective qualified partnership with industry will help us make a breakthrough in the scientific and technological sphere, aimed at ensuring the technological leadership of our country, – commented the rector of Peter the Great St. Petersburg Polytechnic University, chairman of the St. Petersburg branch of the Russian Academy of Sciences Andrey Rudskoy.

    Over the past 2.5 years, the SPbPU Advanced Engineering School has made a significant contribution to the development of the university’s infrastructure. From 2022 to 2025, 11 research and educational spaces were opened in the SPbPU Advanced Engineering School, and six more are planned to be opened by 2030.

    The Advanced Engineering School “Digital Engineering” of the St. Petersburg Polytechnic University is one of the most successful engineering schools, which is confirmed by the growth in the number of master’s programs and continuing education programs, the number of R & D projects implemented in the interests of high-tech companies and the successful employment of graduates. All this together has a positive effect on the overall qualification growth of the professional workshop of design engineers and developers. In fact, the SPbPU PISh makes a significant contribution to building up the intellectual potential of the Northern capital. It is important to note that the scientific and technological groundwork of the Advanced Engineering School “Digital Engineering” formed the basis of the Strategy and Development Program of the Polytechnic University until 2030, in particular one of the key scientific and technological areas “Systemic Digital Engineering”, – noted the Vice-Governor of St. Petersburg Vladimir Knyaginin.

    The delegation of the Advanced Engineering School of SPbPU “Digital Engineering” included: the head of the SPbPU Office of Technological Leadership Oleg Rozhdestvensky, the vice-governor of St. Petersburg Vladimir Knyaginin, the director of the department of scientific and technical activities of JSC TVEL Alexey Shishkin, the first vice-rector of SPbPU Vitaly Sergeev, the director of the center for additional professional education of the SPbPU PISh Sergey Salkutsan.

    As for developments, from 2022 to 2025, PISh SPbPU implemented more than 70 projects and attracted more than 1.8 billion rubles under commercial contracts for R&D and the provision of scientific and technological services commissioned by the high-tech industry.

    Several large-scale projects were completed by specialists of the SPbPU PISh at the orders of various companies that are part of the Rosatom State Corporation. In the field of digital modeling, the school’s specialists were the first to create the architecture and digital models for a digital twin of a vitrification furnace for high-level radioactive waste. In 2024, at the order of the Composite Division of the Rosatom State Corporation, engineers developed a pilot industrial technology for the production of filaments from continuous carbon fiber based on thermoplastics and delivered ultra-high-performance installations to the Rosatom State Corporation – 12 km of filament/hour.

    By order of JSC TVEL (Fuel Division of the State Corporation Rosatom), specialists from the Engineering Center (CompMechLab®) of the SPbPU PISh developed digital twins of fuel assemblies of water-cooled nuclear reactors of the TVS-K PWR and TVS VVER types. Over three years of work, engineers from the St. Petersburg Polytechnic University developed virtual test benches and ranges (VIS and VIP) for tetrahedral (TVS-K PWR) and hexagonal (TVS VVER) fuel assemblies: VIS “Gidrodinamika”, VIS “Prochnost”, VIP “Bezopasnost – TUK” and VIP “Bezopasnost – OR SUZ”.

    Using digital systems engineering technologies, the school’s specialists performed comprehensive strength calculations of the ice-resistant fixed platform LSP “A” structures for the Kamennomysskoye-Sea gas field, guaranteeing the reliability of the structure for a period of 100 years of operation.

    Also among the significant achievements is the development of improved sports sleds with improved aerodynamic characteristics for the Russian athlete, three-time world champion and two-time winner of the World Cup in luge Roman Repilov; the development and production of an optimal composite fairing for a modernized two-seater motor paraglider for the famous traveler Fyodor Konyukhov.

    In 2024, the Advanced Engineering School of SPbPU achieved significant success in the field of unmanned aircraft systems, winning the competition of the ANO “FC BAS” as part of the implementation of the state Strategy for the Development of Unmanned Aviation of the Russian Federation and signed a contract for “Development of a system for constructing virtual test stands and virtual test sites, conducting digital tests of unmanned aerial vehicle elements based on a single digital platform for the development and use of UAS digital twins.”

    We would also like to note the development of the Digital Platform for the development and application of digital twins CML-Bench® as a whole as one of the key tools for the implementation of knowledge-intensive multidisciplinary projects. In full accordance with the strategic state objectives of ensuring technological leadership of domestic high-tech products, the development of the Digital Platform CML-Bench® is aimed at active integration with the engineering software of Russian vendors, and in 2024 the platform was certified according to the sixth level of trust of the FSTEC and compliance with the requirements for state information systems of the third class, which provide the ability to process information constituting a commercial secret and information “For official use only”.

    The implementation of the socio-economic development initiative “Advanced Engineering Schools” in the period from 2022 to 2024 was carried out within the framework of the federal project “Advanced Engineering Schools” of the state program “Scientific and Technological Development of the Russian Federation”. Since 2025, the continuity of the activities of the project “Advanced Engineering Schools” was ensured by including them in the federal project “Universities for the Generation of Leaders” of the national project “Youth and Children”.

    In accordance with the Order of the Government of the Russian Federation dated May 26, 2022 No. 1315-r, Vice-Rector for Digital Transformation of SPbPU Alexey Borovkov joined the Council for Grants for Providing State Support for the Creation and Development of Advanced Engineering Schools. In order to avoid a conflict of interest, Alexey Ivanovich did not take part in the presentation and evaluation of the development results of the Advanced Engineering School “Digital Engineering” of SPbPU, of which he is the head.

    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 –

    May 16, 2025

  • MIL-OSI United Kingdom: Secretary of State visit highlights NI company’s major growth under Windsor Framework

    Source: United Kingdom – Executive Government & Departments

    News story

    Secretary of State visit highlights NI company’s major growth under Windsor Framework

    Secretary of State for Northern Ireland visits food distribution company, PRM, as figures from the Northern Ireland Statistics and Research Agency show the Northern Ireland economy grew faster than the UK as a whole in the final quarter of 2024.

    Secretary of State Hilary Benn with CEO and Founder of PRM Group Philip Morrow and Company Director Lynne Morrow.

    The Secretary of State for Northern Ireland today [Wednesday 14 May] visited PRM, a leading food distribution company based in Lisburn. While there, he learned more about the significant growth the company has seen from having the benefit of dual market access provided under the Windsor Framework. This status, unique only to Northern Ireland, allows the free movement of goods between Northern Ireland and Great Britain and the EU.

    PRM has said that dual market access to both the UK and EU is a major factor behind its growth strategy, which over the past year has enabled it to commit to a £15m investment in its Lisburn headquarters paired with the creation of 40 additional jobs. 

    The NI Composite Economic Index (NICEI) from the Northern Ireland Statistics and Research Agency (NISRA) shows that in each of the five sectors it tracks, Northern Ireland grew in output between October and December 2024. Output rose by 0.9% in Q4, contributing to a yearly growth in output of 3.6% across NI. Whilst for the UK overall, Q4 growth was 0.1% and yearly growth was 1.4%.

    Today’s visit follows the Prime Minister’s recent announcement of two new trade deals with the US and India. Both deals will open up new export opportunities for businesses across Northern Ireland, providing them with full market access to two of the world’s largest economies and enabling them to grow further and thrive. Sectors said to benefit the most from these trade deals include agricultural food products, biotechnology manufacturing and whiskey.

    Speaking after his visit, the Secretary of State, Hilary Benn, said: 

    “PRM’s expansion is a great example of how dual market access is helping Northern Ireland’s businesses to expand and create more jobs.

    “With full access to both the UK and EU markets, and now new trade opportunities with the US and India, Northern Ireland  is uniquely placed for success. 

    “These are tangible  benefits that are strengthening Northern Ireland’s economy and creating prosperity.” 

    Philip Morrow, CEO and Founder of PRM Group, said:

    “While Brexit brought with it understandable apprehension, there’s no doubt that the Windsor Framework has unlocked unique advantages for businesses and individuals in Northern Ireland. 

    “We have found ourselves in a very favourable position perfectly positioned between the UK and EU with full access to both markets. That’s an enviable place to be, and it’s been instrumental in shaping our investment decisions and future growth. 

    “At PRM, it’s allowed us to commit £15 million to expanding our Lisburn headquarters and create over 40 new jobs. Businesses here have been handed the key to the best of both worlds and that’s something we should champion, celebrate and capitalise on.”

    Our Plan for Change sets out a bold vision for Northern Ireland’s economic future – to go further and faster in driving growth, attracting investment, and putting more money in the pockets of working people. Expanding international trade, cutting red tape and supporting innovation are key pillars to this plan. 

    The government continues to operate the Duty Reimbursement Scheme, allowing companies to claim back any additional duties paid on goods deemed “at risk” of entering the EU, ensuring fairness and competitiveness.

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    Published 15 May 2025

    MIL OSI United Kingdom –

    May 16, 2025

  • MIL-OSI: Solutions30 announces the appointment of three new CEOs for France, Germany and Belgium

    Source: GlobeNewswire (MIL-OSI)

    Solutions30, the European leader in multi-technical field services for the telecommunications, energy, and IT sectors, announces the appointment of Antoine Mirabel as CEO of its operations in France. He succeeds Amaury Boilot, who had been serving in this role on an interim basis since June 2023, in addition to his group-level responsibilities. The Group also announces the appointment of Oliver Fidorra as Co-CEO of its operations in Germany, alongside Luc Brusselaers, who also serves as the Group’s Chief Revenue Officer. Finally, in Belgium, Axel Vandevenne has been appointed Co-CEO, tasked with leading and developing local operations alongside Raf Winnelinckx.

    Antoine Mirabel was previously an Associate Partner at Bain & Company. With nearly 15 years of experience in strategy and management consulting, particularly focused on the energy sector, he brings deep expertise in performance improvement, operational excellence, integration, and extensive experience in digital transformation projects. Antoine Mirabel is a graduate of Télécom Paris and HEC. Following a transition period with Antoine Mirabel, Amaury Boilot will retain his role as Group Secretary General, which includes oversight of the Group’s administrative and financial management.

    Oliver Fidorra brings nearly 20 years of experience in the construction sector, with particular expertise in fiber optic deployment, energy infrastructure, building technical equipment, and civil engineering. Prior to joining Solutions30, he served as Regional Director North and was a member of the management team at Vitronet.

    Axel Vandevenne, with Solutions30 since 2018, has held several managerial positions within the Group, demonstrating strong operational leadership. Prior to joining the Group, he gained solid experience in the telecommunications sector, having worked for the two largest Belgian operators, Proximus and Telenet, where he served as Director of Operations. He holds both a Master of Engineering and a Master of Business. His appointment as Co-Managing Director for Belgium is part of an ongoing effort to strengthen the organization in this strategic market. In this context, Jonathan Crauwels will refocus on his role as Chief Financial Officer of Solutions30 Belgium.

    Gianbeppi Fortis, Chairman of the Management Board of Solutions30, stated: “We welcome Antoine and Oliver, whose expertise and leadership will be invaluable assets in supporting the Group’s development. Antoine will lead the transformation of our French operations, successfully initiated by Amaury, with the objective of tripling revenue in energy services by 2026. Meanwhile, Oliver, alongside Luc, will drive the continued growth of our operations in Germany, where we are also targeting a threefold increase in revenue by 2026. In Belgium, Axel and Raf will work closely together to build a sustainable organizational structure and support our growth.”

    About Solutions30 SE

    Solutions30’s mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike, especially with regard to the digital transformation and the energy transition. With its network of more than 16,000 technicians, Solutions30 has completed over 65 million call-outs since its inception and led over 500 renewable energy projects with a combined maximum output surpassing 1800 MWp. Every day, Solutions30 is doing its part to build a more connected and sustainable world. Solutions30 has become an industry leader in Europe with operations in 10 countries: France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Spain, Portugal, the United Kingdom, and Poland. The capital of Solutions30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised. Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indices : CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.

    Visit our website to learn more: www.solutions30.com

    Contact

    Individual Shareholders:

    actionnaires@solutions30.com – Tel: +33 1 86 86 00 63

    Analysts/Investors:
         investor.relations@solutions30.com

    Press – Image 7:
     Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    • PR_Nominations150525

    The MIL Network –

    May 16, 2025

  • MIL-OSI: XRP News: XenDex V1 Launching Soon, Early Access Exclusive for $XDX Presale Buyers

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 15, 2025 (GLOBE NEWSWIRE) — After surpassing its soft cap and attracting thousands of early adopters, XenDex is proud to announce that Version 1 of its all-in-one decentralized exchange platform is actively in development and a first-look mockup design is set to be unveiled in the coming days.

    The XenDex platform will feature a seamless, beginner-friendly interface integrating all key DeFi functions missing from the XRP Ledger: AI-powered copy trading, non-custodial lending & borrowing, staking & yield farming, cross-chain trading, and DAO governance, all in one sleek dashboard.

    Buy XDX Before Listing On Exchange

    And here’s the best part: Only $XDX presale holders will receive early access to XenDex V1.

    Why Is Everyone Buying $XDX?

    The timing couldn’t be better. XRP is surging on the back of ProShares’ XRP Futures ETF approval, Brazil’s first XRP Spot ETF, and the SEC’s full withdrawal of its lawsuit against Ripple. These landmark events have reignited bullish sentiment, and speculators are predicting $1000 XRP long-term as institutional adoption intensifies.

    In this growing wave, XenDex is rising as the DeFi core of the XRPL, and $XDX is the fuel.

    Buy $XDX Now & Earn Rewards

    Presale Final Stage – Time Is Running Out

    • Soft Cap: Filled
    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy Now Before It’s Gone: https://xendex.net/presale

    Exchange Listings Confirmed

    Following the presale, $XDX will be listed on major exchanges:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Don’t Wait, Be Among the First to Use XenDex By Joining Our Presale.

    Purchase $XDX At A low Price

    XenDex Platform Key Features

    • AI-Powered Copy Trading – Mirror professional traders to maximize gains
    • Lending & Borrowing – Borrow and lend XRP and $XDX with smart contract security
    • Cross-Chain Trading – Swap XRP with tokens across BNB Chain, Solana, and more
    • Staking & Yield Farming – Earn while supporting platform liquidity
    • DAO Governance – $XDX holders vote on upgrades, proposals, and token listings

    With the mockup reveal coming soon, a full DEX launch on the horizon, and $XDX token utility growing fast, this is your last chance to join early before the price goes higher and access closes.

    Join the XenDex Community To Learn More:

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d9e201d1-1a66-421e-a22b-90bf981f0672

    The MIL Network –

    May 16, 2025

  • MIL-OSI USA: Luján: Trump Administration Illegally Blocking Nearly $316 Billion Owed to Native Communities

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján
    WATCH Senator Luján’s Remarks in Senate Indian Affairs Committee
    Washington, D.C.— A new tracker revealed that the Trump administration is blocking or freezing more than $430 billion in federal funding owed to communities across the country — including nearly $316 billion for national programs that support Indian Country and Native communities. The data reflects just how widespread the damage is — with funding for public safety, housing, disaster recovery, child care, transportation, infrastructure, and education either delayed or terminated, and whole agencies and offices closed down, cutting off vital services.
    “The Trump administration is illegally withholding hundreds of billions of dollars owed to communities across the country – including nearly $316 billion owed to Native communities – just to hand out more tax breaks to the wealthiest Americans and corporate interests,” said Senator Luján, a member of the Senate Indian Affairs Committee. “This is a profound betrayal of Native communities and a shameful failure to uphold the federal government’s trust responsibility to Tribes. Blocking these funds has real consequences – stripping away vital resources from the health care, education, and child care services families depend on. This reckless decision puts the well-being and safety of New Mexicans and Tribal Nations at risk.”
    As these cuts take effect, the Trump administration has imposed “Defend the Spend,” a sweeping new policy that requires grantees to justify spending line by line, even for items that have already been awarded. Grantees have received inconsistent guidance on how to navigate the new mandate, and many have faced significant delays in accessing funding they were already awarded — including funding for essential Tribal services.
    At the same time, the Trump administration is proposing to slash $911 million — a 24% cut — from core Tribal programs in its Fiscal Year 2026 proposed budget. These cuts would gut basic services like public safety and justice, education and workforce training, Native American Housing Assistance and Self Determination Act (NAHASDA) housing grants, Native Community Development Financial Institutions Fund (CDFIs), forestry management, and programs for Native children and families. They would also nearly eliminate funding to construct or repair Tribal schools, which are already chronically underfunded, and reduce support for Tribal law enforcement by 20 percent. As the economy slows and prices rise due to President Trump’s policies, these devastating cuts and burdensome new processes would make life harder in Native communities.
    If you or your community has been impacted by withheld or terminated federal funding, you are encouraged to share your story by emailing oversight@indian.senate.gov. Your name and contact information will be kept confidential. Please include the federal agency and program involved in your submission.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI USA: SBA Relief Still Available to Montana Small Businesses and Private Nonprofits Affected by Wildfires

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Montana of the June 16 deadline to apply for low interest federal disaster loans to offset economic losses caused by wildfires beginning July 12, 2024.

    The disaster declaration covers the Montana counties of Big Horn, Carbon, Carter, Custer, Garfield, Musselshell, Petroleum, Powder River, Rosebud, Treasure and Yellowstone as well as the Wyoming counties of Big Horn, Campbell, Crook and Sheridan.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than June 16.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI USA: SBA Relief Still Available to Arkansas Small Businesses and Private Nonprofits Affected by Adverse Weather

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Arkansas of the June 16 deadline to apply for low interest federal disaster loans to offset economic losses caused by adverse weather conditions occurring in July and August 2024.

    The disaster declarations cover the counties listed below:

    Declaration
    Number

    Primary
    Counties

    Neighboring
    Counties

    Incident Type

    Incident Date

    Deadline
    AR 20782 Jefferson Arkansas, Cleveland, Grant, Lincoln, Lonoke and Pulaski Excessive Rain and High Winds July 8–9, 2024 6/16/25
    AR 20783 Pope Conway, Johnson, Logan, Newton, Searcy, Van Buren and Yell High Winds and Lightning Aug. 16–18, 2024 6/16/25

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online and receive additional disaster assistance information visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than June 16.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI USA: SBA Relief Still Available to Louisiana Small Businesses and Private Nonprofits Affected by Hurricane Francine

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Louisiana of the June 16 deadline to apply for low interest federal disaster loans to offset economic losses caused by Hurricane Francine occurring Sept. 9-12, 2024.

    The disaster declaration covers the Louisiana parishes of Ascension, Assumption, East Baton Rouge, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, St. Charles, St. James, St. John the Baptist, St. Martin, St. Mary, St. Tammany, Tangipahoa and Terrebonne.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than June 16.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI USA: Second Annual Outside Festival to Showcase Vital Role of Outdoor Recreation Industry in Colorado

    Source: US State of Colorado

    New Events to Feature Colorado Small Businesses

    DENVER – Today, Gov. Polis and the Colorado Outdoor Recreation Industry Office (OREC), a division of the Colorado Office of Economic Development and International Trade (OEDIT), joined Outside Interactive Inc., Denver Mayor Mike Johnston and Visit Denver to preview the second annual Outside Festival and Summit taking place in Denver May 29 – June 1, 2025. This growing flagship event promotes access to Colorado’s incredible outdoors while highlighting the contributions of the outdoor recreation industry to the state’s thriving economy, including new opportunities to showcase Colorado’s small businesses.

    “Colorado’s great outdoors industry is one of our state’s critical economic drivers, as well as a path for so many Coloradans and visitors to enjoy our wild, open spaces. This festival celebrates all things outdoors in Colorado and we are excited for another great year. I hope to see my fellow Coloradans coming out to enjoy the festival,” said Governor Jared Polis.

    “In 2023, the outdoor recreation industry contributed $17.2 billion to our state’s economy, compared to $13.9 billion just the year before. This growth underscores the vital role the sector plays in generating job growth and stimulating local economies. The Outside Festival is a powerful way to expand this momentum, while ensuring more people have equitable access to the outdoors,” said Eve Lieberman, Executive Director of OEDIT.

    Last year, the inaugural Outside Festival drew 18,000 attendees, 40% of whom came from outside of Denver and 20% from outside the state. Thirty-one percent of ticket buyers identified as BIPOC, and the Festival generated an estimated $16 million in economic impact. The Outside Summit, which convened outdoor leaders, government officials, prominent influencers and tech innovators to discuss the future of the outdoor recreation industry, drew 500 participants, 47% of whom came from out of state.

    “The inaugural Outside Festival exceeded our expectations, drawing people from across the state and beyond to celebrate Colorado’s incredible outdoors,” said OREC Director Conor Hall. “Like the outdoor recreation industry as a whole, this growing event is an important economic driver. We are thrilled to support its development while promoting Colorado’s small businesses and increasing equitable and safe access to the outdoors.”

    This year, the Festival will include two new opportunities to showcase the small businesses so essential to Colorado’s outdoor recreation industry:

    • Camp Colorado – A new exhibit space within the Outside Festival will feature outdoor recreation industry businesses, nonprofits and destinations from across the state, giving attendees the opportunity to explore Colorado products and services designed to get more people outdoors.
    • Outside Ignite – As part of the Outside Summit, outdoor industry and active lifestyle startups will have the opportunity to hone their business pitches, gain valuable exposure and compete for a prize worth $100,000.

    A Community Engagement Council established last year and chaired by OREC will continue to support outreach to youth and communities that have historically encountered barriers to participation in outdoor recreation, including partnerships with organizations like Adaptive Adventures, Great Outdoors Colorado, Next 100 and many more.

    “Last year’s Outside Festival and Summit created an inspiring space for outdoor enthusiasts, seasoned adventurers, and visionary leaders to connect and celebrate Colorado’s incredible outdoors and the strength of our national industry,” said Robin Thurston, CEO of Outside Interactive. “We’re thrilled to host an even bigger event this year, continuing to build this vital community, expand outdoor access, and drive economic growth within our category.”

    This Outside Festival is driven by a partnership between OREC, Outside Interactive Inc., and VISIT DENVER, sponsored by Capital One and REI Co-Op. To support the festival’s continued development, the Colorado Economic Development Commission approved $350,000 to help implement the 2025 event. Outside and the State of Colorado invite the entire outdoor community to join this celebration of the spirit of adventure, music, and togetherness at the Outside Festival this summer in Denver. For more information, including tickets, please visit www.theoutsidefestival.com.

    About Outside Interactive Inc.

    Outside Interactive Inc. is the premier destination for outdoor inspiration, activation, and reward. Each month, Outside reaches 80 million of the most active consumers in the world across its network of 25 media, digital, and technology platforms, creating an experience for both longtime adventurers and those just getting started. Outside’s mission is to get everyone outside. Outside’s subscription offering, Outside+, bundles best-in-class storytelling, videos, gear reviews, mapping apps, online courses, discounted event access, and more to help people experience healthy, connected, and fulfilling lives. Learn more at outsideinc.com.

    About VISIT DENVER, The Convention & Visitors Bureau

    Celebrating 115 years of promoting The Mile High City, VISIT DENVER is a nonprofit trade association that contracts with the City of Denver to market Denver as a convention and leisure destination, increasing economic development in the city, creating jobs and generating taxes. Denver welcomed more than 36.3 million visitors in 2022, generating $9.4 billion in spending, while supporting tens of thousands of jobs and making Tourism one of the city’s largest industries. Learn more about Denver on the VISIT DENVER website or at Tourism Pays Denver.

    About the Colorado Office of Economic Development and International Trade (OEDIT)

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT.

    ###

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI Russia: Iraq: Concluding Statement of the 2025 IMF Article IV Mission

    Source: IMF – News in Russian

    May 15, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    An International Monetary Fund (IMF) mission, led by Mr. Jean-Guillaume Poulain, met with the Iraqi authorities in Amman and Baghdad during May 4–13 to conduct the 2025 Article IV consultation. The following statement was issued at the end of the mission:

    A highly uncertain global environment, falling oil prices, and acute financing pressures, are taking a toll on economic activity and exacerbating Iraq’s existing vulnerabilities, calling for urgent measures to preserve fiscal and external stability. These include containing the fiscal deficit by mobilizing non-oil tax revenues and reining in the public wage bill, completing the restructuring of state-owned banks, and promoting private sector growth, by reforming the labor market, improving the business environment, enhancing governance and fighting corruption. Building on recent progress, the Central Bank of Iraq (CBI) should continue modernizing the banking system and supporting private banks in expanding their corresponding banking relationships.

    Recent Economic Developments, Outlook and Risks

    The non-oil sector grew at a slower pace last year and inflation remained subdued. Following a very strong growth of 13.8 percent in 2023, Iraq’s non-oil GDP is expected to have considerably moderated to 2.5 percent in 2024, driven by a slowdown in public investment and in the services sector, as well as a weaker trade balance. The agriculture, manufacturing, and construction sectors remained resilient, benefiting from post-drought recovery, expanded refining capacity, and strong growth in credit to households. The decline in oil production weighed on overall growth, which contracted by 2.3 percent for the year. Inflation dropped to 2.7 percent by end-2024, amid lower food price inflation and liquidity absorption from the CBI.

    The fiscal position has deteriorated, along with external balances. The 2024 fiscal deficit is estimated at 4.2 percent of GDP, compared to 1.1 percent in 2023, reflecting rising spending on wages and salaries and energy purchases. Financing constraints have led to reemergence of arrears notably in energy and capital expenditure. On the external front, the current account surplus narrowed sharply from 7.5 percent to 2 percent of GDP, due to a surge in goods imports. Nonetheless, external buffers remain strong, with reserves at US$100.3 billion at end-2024—covering over 12 months of imports.

    Non-oil growth is projected to remain subdued in 2025 amid a challenging global environment and financing constraints. Non-oil GDP is projected to slow down to 1 percent this year as the impact of falling oil prices and financing constraints weigh on government spending and consumer sentiment. The current account is expected to weaken considerably in 2025 primarily due to declining oil export revenues. The deterioration in the external position is projected to weigh on foreign reserves.

    Policy Priorities

    Iraq’s vulnerabilities have increased in recent years due to a large fiscal expansion. Beside weighing on prospects of private sector-led growth, current public employment policies and resulting wage costs are unsustainable given Iraq’s low non-oil tax base. Accordingly, dependence on oil revenues has worsened, and the oil price required to balance the budget increased to around $84 in 2024, up from $54 in 2020.

    These challenges have been exacerbated by the sharp decline in oil prices in 2025, requiring an urgent policy response. In the very short-term, the authorities should review current and capital spending plans for 2025 and limit or postpone all non-essential expenditure. At the same time, there may be scope to increase non-oil revenues by revising customs duties as well as introducing or raising excise taxes. The authorities should also explore options to diversify the creditors base for increasing financing availability. Monetary financing of the deficit should be avoided as it could fuel inflation, drain FX reserves, and weaken the CBI’s balance sheet.

    More broadly, a sizable fiscal consolidation is needed to mitigate macro-fiscal risks, ensure debt sustainability, and rebuild fiscal buffers. On the revenue side, besides customs duties and excise taxes, there is scope to gradually reform personal income tax by limiting exemptions and increasing rates. Strengthening tax administration—through digitalization, improved enforcement, and better collection—is essential. A more effective tax administration should allow for eventually introducing a general sales tax. On the spending side, curbing current expenditures, particularly via comprehensive wage bill reforms, limiting mandatory hiring, and adopting attrition rule, would yield significant savings. Recent efforts to better target the public distribution system are welcome, but there is scope to further improve targeting and eventually shift to cash-based social safety nets. Finally, it is urgent to reform the public pension system through raising the retirement age and reducing both the accrual and replacement rates is needed to enhance its sustainability.

    Implementing these reforms would also create fiscal space to increase capital spending. Expanding non-oil investment, especially in trade and transportation infrastructure should help economic diversification. Substantial investments are also required to modernize the electricity sector and develop natural gas resources, both of which are essential for improving energy security and reducing dependence on gas imports. Improved procurement, public financial management, and corruption control would enhance the effectiveness of any additional public investment.

    Further efforts are needed to mop up excess liquidity in order to improve monetary policy transmission. While the CBI has made progress in absorbing excess liquidity, additional adjustments could enhance the effectiveness of the framework. Key measures include increasing the issuance of CB-bills, focusing on the short maturity (14-day) at the policy rate, revising size limits on individual banks’ bids, and improving liquidity forecasting tools and practices. To safeguard its balance sheet and preserve credibility, the CBI should continue to avoid financing the government deficit.

    The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates. Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.

    While initial steps to reform state-owned banks are encouraging, broader efforts are needed to strengthen the financial sector. The restructuring plan for state-owned banks should be finalized without delay, encompassing treatment of non-performing loans, and recapitalization needs. In parallel, the mission welcomed progress in digitalization and the authorities’ intention to undertake a comprehensive banking sector overhaul. Reforms should include enhancing corporate governance, digital infrastructure, and cybersecurity, while promoting a stronger role for private banks. Efforts to enhance AML/CFT measures by tackling the deficiencies identified in the MENAFATF Mutual Evaluation report should continue.

    Chronic power shortages, electricity losses and excessive tariff subsidization continue to weigh on the economy. Addressing inefficiencies in the electricity sector is important for fiscal sustainability and improving productivity. In 2024, distribution losses reached 55 percent, driven by theft and illegal connections, leading to significant financial losses. The authorities are deploying smart meters and have introduced other measures to enhance billing and collection. However, progress should be accelerated. Once collection substantially improves, achieving cost recovery will also require electricity tariff increases, with carefully calibrated subsidies targeted to low-income users. Recent disruptions in electricity imports from Iran further underscore the need for diversified supply and the development of gas projects.

    Combating corruption and governance weaknesses is imperative to support economic development. Steps taken in the implementation and upgrade of the national anticorruption strategy and the improvements in corruption perception indices are positive developments. However, corruption remains a significant hurdle for growth. Strengthening accountability frameworks for the operation of state-owned and private enterprises in the oil, electricity and construction sectors is critical, and thorough compliance with Extractives Industries Transparency Initiative standards and the enactment of the law on Transparency and Access to Information should be prioritized. Additionally, aligning anticorruption legal frameworks with international covenants and best practice, and strengthening the independence of the judiciary are essential for effective enforcement and for the protection of economic rights.

    A comprehensive structural reform agenda is essential to unlock growth potential. The mission estimates that a comprehensive set of reforms covering the labor market, business regulation, the financial sector and governance could double non-oil potential GDP growth over the medium term. On labor market, priorities include increasing labor force participation, particularly among women, by improving female education and further reducing barriers to their work and mobility, and reforming public sector hiring, which distort labor markets and reduce productivity. Efforts to better align skills with labor market needs should intensify. More generally, simplifying regulations and reducing bureaucratic impediments in e.g. business registration or tax administration should increase participation in the formal economy and help private sector development.

    The mission would like to thank the Iraqi authorities and various stakeholders for their excellent hospitality and cooperation and candid discussions during the mission.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/15/mcs-iraq-concluding-statement-of-the-2025-imf-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    May 16, 2025

  • MIL-OSI USA: OPIM Professor Fasheng Xu, a ‘Forward-Thinking’ Scholar, Wins Early Career Award

    Source: US State of Connecticut

    Fasheng Xu, a professor of Operations and Information Management (OPIM), has been awarded the 2025 Chelliah Sriskandarajah Early Career Research Accomplishments Award, a global honor bestowed on just one scholar annually.

    The award, presented at the Production & Operations Management Society’s (POMS) annual conference in Atlanta last weekend, recognizes exceptional research contributions by a scholar who completed his or her doctorate in the last six years.

    “Since joining UConn two years ago, Fasheng has made outstanding contributions to our research and teaching,’’ said professor Cuihong Li, head of the OPIM department. “He has enhanced our expertise in supply chain finance, risk management, and the integration of emerging technologies, particularly blockchain and Generative AI, into supply-chain management.”

    “He exemplifies the qualities of a forward-thinking scholar, constantly exploring the evolving landscape of business and technology, analyzing their impact on supply chains and their intersections with other business functions, and bringing the latest insights into the classroom,’’ she said.

    The Sriskandarajah award was created to recognize and reward exceptional faculty who have made significant accomplishments to the field and broadened, extended or altered the way production and operations management is conceptualized, practiced, and viewed.

    Most recently, Xu’s research has focused on Generative AI, addressing questions about AI governance, market dynamics, and organizational transformation, including how companies can optimally integrate human and GenAI capabilities to enhance decision-making and drive innovation.

    Xu said GenAI intrigues him. “I think GenAI will be more disruptive than other recent emerging technologies I’ve studied, and it’s a fascinating area that opens up new frontiers for both research and teaching,’’ he said.

    Regardless of topic, Xu focuses his research to join theoretical rigor with actionable insights for the business community. One example is a series of articles he co-authored recently exploring the impact of blockchain technology adoption in various supply chain settings, identifying both the benefits and challenges. He typically has about 10 research projects underway at all times.

    Xu also recently applied his knowledge to create a new UConn MBA course on supply chain finance, equipping students with analytical tools and practical knowledge to address real-world challenges. Creating a course from scratch was demanding, but something he enjoyed. Recently, he also led two faculty development workshops on the use of Generative AI for enhancing productivity in teaching and research.

    His work has appeared in leading journals, including three papers each in Management Science and Manufacturing & Service Operations Management. Xu has also reviewed more than 130 manuscripts for leading journals.

    Xu, who is based at the Stamford campus, said he was drawn to UConn because of the faculty’s research productivity, and that he has been able to collaborate with many of his colleagues here on new projects. He joined the faculty after working as an assistant professor of supply chain management at Syracuse University, where he was an award-winning faculty member. Xu earned his Ph.D. in Operations Management at Olin Business School at Washington University in St. Louis.

    Xu credited Li’s encouragement and unwavering support as a factor in his receipt of the award.

    “I likely wouldn’t have applied if it weren’t for Professor Li, who strongly believed in the quality and impact of my work,” he said. “I’m truly grateful for her mentorship and advocacy. Having my research recognized in this way has been a meaningful and motivating boost.”

    MIL OSI USA News –

    May 16, 2025

  • MIL-OSI Security: Chicago Woman Pleaded Guilty in Conspiracy to Commit Wire Fraud Targeting U.S. Service Men and Women

    Source: Federal Bureau of Investigation FBI Crime News (b)

    SPRINGFIELD, Mo. – A Chicago, Il., woman pleaded guilty in federal court today for her role in a wire fraud conspiracy that targeted United States Service men and women who had recently joined the military.

    Jetauwn T. Griffin, 31, waived her right to a grand jury and pleaded guilty before U.S. Chief Magistrate Judge Willie Epps, Jr., to a federal information charging her with one count of conspiracy to commit wire fraud.

    Griffin conspired with others that sought to defraud United States military service men and women through the use of social media.

    According to the plea agreement, Griffin conspired with others that employed a scheme to defraud United States military service men and women. Service members who had recently joined the United States military were contacted through various social media platforms.  Upon communicating with each military member, a person within the conspiracy would use the information obtained from the social media platform and then contact the service member claiming to be a senior military official.  As a senior military member, they would tell each service member that they were receiving the wrong salary, and they were owed more money than they were being paid.  The perpetrators of the scheme who advise the service member that they needed to return their prior pay using a cash application and then they would receive the higher pay once the other money was returned.  If a service member followed these instructions, the members of this scheme would take the monies transferred and would never return any monies to the victim.  Griffin conspired with others in this scheme by taking the cash application transfers and conducted financial transactions that transferred the victim’s money to accounts that were accessed by all members of the scheme.

    Under federal statutes, Griffin is subject to a sentence of up to 20 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorney Patrick Carney. It was investigated by the Department of the Army Criminal Investigation Division and the Federal Bureau of Investigation.

    MIL Security OSI –

    May 16, 2025

  • MIL-OSI: Westhaven Completes Brokered Private Placement for Gross Proceeds of $4.6 Million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce the closing of its previously announced brokered private placement (the “Offering“) for aggregate gross proceeds of $4,600,000, which includes the full exercise of the agent’s option for proceeds of $600,000. Under the Offering, the Company sold (i) 19,022,708 units of the Company (each, a “Unit”) at a price of $0.12 per Unit for gross proceeds of $2,282,725 from the sale of Units, and (ii) 17,165,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “FT Share”, and collectively with the Units, the “Offered Securities”) at a price of $0.135 per FT Share for gross proceeds of $2,317,275 from the sale of FT Shares.

    Each Unit consists of one common share of the Company (each, a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of $0.18 at any time on or before May 15, 2027.

    Red Cloud Securities Inc. (the “Agent”) acted as sole agent and bookrunner in connection with the Offering. In consideration for their services, the Agent received a cash commission of $276,000 and 2,171,262 non-transferable broker warrants (the “Broker Warrants”). Each Broker Warrant is exercisable for one common share of the Company (each, a “Broker Share”) at a price of $0.12 per Broker Share at any time on or before May 15, 2027.

    The Offered Securities were sold to purchasers by way of the “accredited investor” exemption under National Instrument 45-106 – Prospectus Exemptions in the provinces of Alberta, British Columbia, Quebec, Ontario and Saskatchewan and to purchasers in certain offshore jurisdictions. The Unit Shares, Warrants, FT Shares and Warrant Shares issued and issuable from the sale of Offered Securities, and the Broker Shares, are subject to a hold period under Canadian securities laws ending on September 16, 2025.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the sale and issuance of the FT Shares will be used to incur “Canadian exploration expenses” on the Company’s projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (collectively, the “Qualifying Expenditures”), which will be incurred on or before December 31, 2026 and renounced to the subscribers under the Offering with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to British Columbia resident subscribers or those who are eligible individuals under the Income Tax Act (British Columbia), the Qualifying Expenditures will be eligible for the 20% BC mining flow-through share tax credit.

    Although the Company announced the possible sale of flow through units of the Company to be sold to charitable purchasers (“Charity FT Units”), the Agent and the Company determined not to proceed with the sale of any Charity FT Units.

    Related Party Transaction

    Members of the Company’s management, board of directors and certain other insiders participated in the Offering acquiring an aggregate of 2,459,000 Units for aggregate proceeds of $295,080. The issuance of Units to insiders pursuant to the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the Offering by insiders will not exceed 25% of the fair market value of the Company’s market capitalization.

    The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

    On behalf of the Board of Directors

    WESTHAVEN GOLD CORP.

    “Ken Armstrong”

    Ken Armstrong, President & CEO

    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.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company targeting low sulphidation, high-grade, epithermal style gold mineralization within Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~61,512 hectares (~615 square kilometres) within four gold properties spread along this underexplored belt. The Shovelnose Gold Project is the most advanced property, with an updated 2025 Preliminary Economic Assessment that validates the Project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine gold production of 56,000 ounces and having a Cdn$454 million after-tax NPV6% and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of $0.72). Initial capital costs are projected to be Cdn$184 million with a payback period of 2.1 years. Please see Westhaven’s news release dated March 3rd, 2025 (Link: March 3, 2025 News Release) for details of the updated PEA. The technical report supporting this disclosure can be found under the Company’s profile on Sedar+ (www.sedarplus.ca) and on the Company’s website. The Shovelnose Gold Project is situated off a major highway, near power, rail, large producing mines, pipelines and within commuting distance from the city of Merritt, which translates into low-cost exploration and development. Qualified Person: The technical and scientific information in this news release has been reviewed and approved by Peter Fischl, P.Geo, who is a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at www.westhavengold.com.

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering; and the use of proceeds of the Offering. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation, tariffs and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

    The MIL Network –

    May 16, 2025

  • MIL-OSI: ConnectM Completes Acquisition of Cambridge Energy Resources, Strengthening Foothold in India

    Source: GlobeNewswire (MIL-OSI)

    MARLBOROUGH, Mass., May 15, 2025 (GLOBE NEWSWIRE) — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the energy economy, today announced it has secured regulatory approval and completed the acquisition of Cambridge Energy Resources Ltd. (CER), an India-based Energy-Management-as-a-Service (EMaaS) provider.

    The acquisition provides ConnectM with a strategic beachhead in India’s booming distributed energy and telecommunications sectors, solidifying the Company’s expansion into one of the world’s fastest-growing clean energy and digital infrastructure markets. ConnectM beat out four other bidders in a competitive process to acquire CER in 2021 for INR 120 million ($1.4M) which has fair value assessment at INR 240 million ($2.8M). Since winning the bid in 2021, it took an additional three years to obtain the necessary regulatory approvals.

    CER’s offerings span rooftop solar installations and energy management solutions for telecommunications infrastructure, supporting India’s 5G network deployment through clean energy initiatives. With this acquisition, ConnectM gains an established operating presence in India and the ability to immediately participate in two sectors central to India’s sustainability and digital growth. The Company will leverage CER’s local expertise to deploy its proprietary Home and Building Electrification (HBE) platform and Energy Intelligence Network (EIN) across new projects in the region. ConnectM’s full-stack, digital-first approach—proven in its U.S. operations—combined with CER’s on-ground capabilities is expected to drive growth in both distributed energy and telecom energy management solutions.

    “This is a pivotal step in our international Home and Building Electrification (HBE) expansion,” said Bhaskar Panigrahi, Chairman and CEO of ConnectM. “By adding Cambridge Energy Resources to the ConnectM family, we secure a foothold in one of the world’s largest and highest-growth energy and telecommunications markets. We are now positioned to accelerate the deployment of our integrated electrification platform across India, furthering our mission to drive sustainable energy transformation on a global scale.”

    The transaction carries significant strategic value for ConnectM and its stockholders. Our India business is growing organically at more than 100% per year. With this CER acquisition, we expect our business from India to grow to 15% of our global revenue in next twelve months ($10M annualized) from 5% it is currently now. CER not only provides an operational base in India but also broadens ConnectM’s service offerings into two high-growth domains that align with India’s ambitious development goals. India has set a target of reaching 500 GW of non-fossil fuel power capacity by 2030, supported by an estimated $384.5 billion in power sector investments, alongside a nationwide 5G rollout. These initiatives are driving robust demand for distributed renewable energy solutions and energy-efficient telecom infrastructure—areas where ConnectM, through CER, is now well positioned to deliver innovative solutions.

    This acquisition follows ConnectM’s March 26, 2025, announcement of its first HBE project in India and is a key part of the Company’s broader strategic expansion into India and international markets. ConnectM plans to continue pursuing opportunities that strengthen its presence in high-growth regions as it scales its HBE platform globally.

    About ConnectM Technology Solutions, Inc.:

    ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.

    For more information, please visit: https://www.connectm.com/

    About Cambridge Energy Resources Ltd.:

    Cambridge Energy Resources Ltd. (CER) is a privately held Energy-Management-as-a-Service provider based in India. Headquartered in New Delhi, CER delivers integrated clean energy solutions for enterprises and telecom operators, including the development and management of distributed solar projects and the deployment of energy-efficient power systems for 5G telecommunications infrastructure. By offering these services on an outcome-based model, CER helps clients reduce energy costs and carbon footprint while enhancing power reliability across their operations.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:

    Investor Relations
    Dave Gentry, CEO
    RedChip Companies, Inc.
    1-407-644-4256
    CNTM@redchip.com

    The MIL Network –

    May 16, 2025

  • MIL-OSI Russia: Tariff baiting will not be able to stop China’s intensive development – Consul General of the PRC in Khabarovsk Jiang Xiaoyang

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Vladivostok, May 15 (Xinhua) — Tariff baiting will not be able to stop China’s intensive development, and the US attempts to change fundamental trends in the Chinese economy and undermine China’s development through extreme pressure and tariff blackmail are doomed to failure, said Jiang Xiaoyang, China’s Consul General in Khabarovsk.

    “Recently, the US government, ignoring widespread opposition both at home and abroad, has been increasingly wielding the tariff baton on the world stage, primarily targeting China. China has clearly demonstrated its determination to resist and its willingness to stand firm. As the world’s second-largest economy and second-largest consumer market, China has a solid economic foundation, obvious advantages, and huge development potential,” Jiang Xiaoyang wrote in an article published in the Pacific Star on May 13.

    The Chinese diplomat is convinced that the stability of the political course serves as a reliable support for China in countering the trade war imposed by the United States. By adhering to the principles of “protecting international norms and steadily promoting openness,” China demonstrates the strategic determination and responsibility of a great power. “We have long predicted a new round of pressure from the United States. A series of emergency measures have already demonstrated their effectiveness, and we still have enough room to adjust political instruments,” Jiang Xiaoyang points out.

    China’s robust foreign trade has a strong ability to withstand risks, he continued. In 2024, China’s total import and export volume reached 43.85 trillion yuan (about 6.16 trillion US dollars), setting another historical record. In terms of trade turnover, China has ranked first in the world for the seventh consecutive year. China has more than 230 countries and regions as trading partners, with China becoming the main trading partner for more than 150 of them. Having signed 23 free trade agreements with 30 countries and regions, China is actively building a global network of high-standard free trade zones. In addition, in recent years, China has consistently implemented the strategy of diversifying import and export markets. Last year, the share of trade with countries that joined the Belt and Road Initiative in China’s total foreign trade exceeded 50 percent.

    A large domestic market provides a reliable backbone for the Chinese economy in withstanding external shocks. Chinese President Xi Jinping noted: “The Chinese economy is an ocean, not a small pond.” The super-large market with a population of over 1.4 billion people has tremendous development stability, powerful potential, and ample room for strategic maneuver. In recent years, China has accelerated the formation of a new “dual circulation” model, which has contributed to the steady strengthening of the domestic demand base. In 2024, the total retail sales of consumer goods in the country reached 48.8 trillion yuan (about 6.85 trillion US dollars), an increase of 3.5 percent year on year. The consumer market shows a tendency to expand in scale, optimize the structure, and actively develop new forms of consumption.

    Jiang Xiaoyang emphasizes that the complete industrial system is a powerful pillar of China’s economic development. China has the most comprehensive and large-scale industrial system in the world, covering all UN industrial categories and almost all major industrial products. The country is able to ensure a stable supply of various types of industrial products with high efficiency and low cost. China ranks first in the world in terms of production volumes of more than 40 percent of the 500 major industrial products of global significance. China has already formed complete production and supply chains in sectors such as new energy vehicles and electronic information.

    The diplomat points out that scientific and technological innovation is a key driving force behind the high-quality development of the Chinese economy. In recent years, China has been consistently building industrial industries of the future and making breakthroughs in key technologies. New achievements are constantly being reported in the field of scientific and technological innovation, and new industries of strategic importance are rapidly developing. Last year, Chinese enterprises made new breakthroughs in many fields, including artificial intelligence, aerospace, integrated circuits, big data, and 5G. The added value of large and medium-sized high-tech manufacturing increased by 8.9 percent, and the added value share of key industries of the digital economy in GDP reached 10 percent.

    China has consistently followed the path of peaceful development and adhered to the strategy of opening up based on mutual benefit and win-win. Today’s China has both a strong will to safeguard its core interests and a broad outlook on deepening reform and opening up.

    According to Jiang Xiaoyang, China and Russia are good neighbors, sincere friends and reliable partners. Mature, solid and stable Sino-Russian relations are not affected by temporary factors, and remain an unchangeable element in a changing and turbulent world. The development of cooperation between China and Russia relies on such advantages as strong political trust, perfect interaction mechanisms, deep popular support and broad development prospects.

    “We are willing to further deepen all-round cooperation with the Russian side, expand mutual openness, share innovative achievements, and promote the security, stability, and smoothness of global industrial and supply chains through high-level Chinese-Russian cooperation, so as to jointly advance the building of a more beautiful world,” Jiang Xiaoyang concludes the article. –0–

    MIL OSI Russia News –

    May 16, 2025

  • MIL-OSI Russia: Trade de-escalation between China and the US is positive news for global trade — Russian Foreign Ministry

    Translation. Region: Russian Federal

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

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

    Moscow, May 15 /Xinhua/ — Trade de-escalation between China and the United States is positive news for global trade, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.

    Recently, China and the United States held high-level trade and economic talks in Geneva, Switzerland, and issued a joint statement. The talks reached an important consensus on significantly reducing bilateral tariff levels. Both sides reached a number of agreements, which were reflected in the joint statement.

    “The trade de-escalation between China and the US is positive news for global trade,” said M. Zakharova, answering questions at a briefing. “This step largely reduces the fears that have grown in recent months about a global economic recession due to the reduction in the volume of international trade in goods, including due to the sharp increase in mutual tariffs.”

    According to M. Zakharova, a positive effect is already noticeable in the form of stabilization of global financial markets and restoration of supply chains of products that were hit hardest by the “tariff tornado.”

    The official representative of the Russian Foreign Ministry added that the agreements reached by China and the United States on the creation of a mechanism for economic and trade consultations could in the future serve as a basis for developing balanced decisions in the trade and economic sphere that would take into account the interests of the two countries.

    “Such a dialogue, built on the principles of pragmatism and, of course, mutual respect, is capable of setting constructive parameters for the further development of bilateral relations in this area,” concluded M. Zakharova. –0–

    MIL OSI Russia News –

    May 16, 2025
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