Category: Economy

  • MIL-OSI United Kingdom: Osnabruck Square to fully reopen later this summer

    Source: City of Derby

    Following a significant transformation as part of the stunning £35.1 million refurbishment of Derby Market Hall, the full reopening of Osnabruck Square has been set for later this summer.

    The refurbished Grade II-listed Market Hall will reopen on Saturday 24 May with a spectacular week-long celebration packed with music, creative workshops, and family-friendly activities.

    Access to the Market Hall from Osnabruck Square will be maintained throughout the remainder of the works to transform the square. Hoardings around the square will be updated and repositioned, with windows being introduced so the public can see the progress of the square during the final stages of the project.

    The enhanced Osnabruck Square, a vital connecting space within the city centre, will be a flexible area for events and entertainment, with outdoor café seating, and artistic installations, providing a lively hub for local markets and homegrown talent. It will also feature a vibrant green space, featuring carefully selected new raised planting beds, trees, and shrubs designed to be visually appealing.

    The design of the square prioritises accessibility, with enhancements such as free-standing inclusive benches, improved access through re-aligned crossings, and dedicated blue badge parking.

    Featuring a new main entrance to the refurbished Derby Market Hall, Osnabruck Square will enhance city centre accessibility, seamlessly connecting the Market Hall with Exchange Street, Albion Street, and the Derbion shopping centre, drawing people through the area.

    Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said: 

    The transformation of Osnabruck Square, together with the revitalised Market Hall, will breathe new life into this key city centre location. The square will not only look beautiful but will also improve accessibility and help draw more people into the heart of our city.

    This is the culmination of a great deal of hard work and planning, and I look forward to seeing the area become a vibrant destination for shopping, eating, and entertainment.

    The Derby Market Hall redevelopment is a £35.1m project part funded with £9.43m from the Government’s Future High Street Fund (FHSF).

    Located at the heart of the city centre, linking Derbion and St Peter’s Quarter with the Cathedral Quarter and Becketwell, the redeveloped Market Hall will play a key role in widening the diversity of the city centre and is expected to generate £3.64m for the local economy every year.

    Follow Derby Market Hall on Facebook and Instagram to stay up to date with what’s going on. Full details of the programme of events are available on the Derby Market Hall website.

    MIL OSI United Kingdom

  • MIL-OSI Canada: Government Continues to Deliver for Saskatchewan Residents as Spring Sitting Concludes

    Source: Government of Canada regional news

    Released on May 15, 2025

    With the Spring sitting of the Legislature concluding today, Premier Scott Moe highlighted the Government of Saskatchewan’s balanced 2025-26 Budget and how it is delivering for you.

    “Our government continues to prioritize safety in our communities and ensuring services are available to all residents when and where they need them,” Moe said. “Saskatchewan is a growing and vibrant province that continues to benefit from a strong economy even in uncertain times. Record investments were made this year to keep Saskatchewan an affordable place to live, work and raise a family.”

    In this year’s budget, record investments continue to be made in health care, education and community safety, in addition to delivering more affordability measures than ever before. 

    New affordability measures include:

    • The Fertility Treatment Tax Credit, helping individuals or couples cover costs associated with fertility treatments.
    • Doubling the Active Families Benefit tax credit and raising the qualifying income threshold to $120,000 will make accessing children’s sports, arts, cultural and recreational activities more affordable. 
    • Seniors receive an increase in the senior supplement amount by $500 annually for the next four years, starting in 2025 – over and above the impact of indexation.
    • An increase to the Personal Care Home Benefit will help more than 2,000 low-income seniors with the cost of living in a licensed personal care home. 
    • The Graduate Retention Program has also increased, with a maximum benefit of $24,000 for students who live and work in Saskatchewan after graduating from a post-secondary institution.
    • The Saskatchewan Advantage Scholarship provides up to $3,000 for Grade 12 students who will be attending post-secondary institutions in the province. 
    • All education property tax mill rates have been reduced to absorb the increase in property assessment values and ensure this assessment year is revenue neutral for the province. This change will save property owners in the province more than $100 million annually.
    • Reinstating the Home Renovation Tax Credit saves residents up to $420 and seniors $525 annually in provincial income tax.
    • The First-Time Homebuyers’ Tax Credit maximum benefit increased to $1,575, making homeownership more attainable for first-time homebuyers, and the PST Rebate on New Home Construction was made permanent. 
    • The Disability Tax Credit and the Disability Tax Credit supplement for children under 18 both increase by 25 per cent, in addition to indexation.
    • The Caregiver Tax Credit also increases by 25 per cent, in addition to indexation, which provides financial support for families who care for adult children or parents with physical or mental impairments.
    • The Small Business Tax Rate permanently remains at one per cent, which benefits more than 35,000 small businesses and saves them over $50 million annually in corporate income taxes.
    • The Small and Medium Enterprise Investment Tax Credit provides a non-refundable tax credit for individuals or corporations that invest in the equity of eligible Saskatchewan small and medium enterprise, while the Saskatchewan Class 1 Truck Driver Training Rebate Program supports individuals seeking their commercial driving license. 

    Additionally, legislation introduced and passed this year aims to promote community safety. Amendments to The Construction Codes Act allow the development of a pilot framework intended to help eligible municipalities dispose of these structures as well as provide a training opportunity for local volunteer fire departments. Amendments to The Safe Public Spaces (Street Weapons) Act include fentanyl, methamphetamine and hypodermic needles as categories of street weapons recognizing the significant risks these items present to public safety. New regulations under The Trespass to Property Amendment Regulations, 2025, will allow police to immediately enforce the Act against individuals partaking in activities such as public intoxication and drug use as it will be automatically considered trespassing in public spaces or businesses.

    This April, the Government of Saskatchewan was pleased to reach a new agreement between the Government-Trustee Bargaining Committee (GTBC) and the Teachers’ Bargaining Committee. This new agreement recognizes the important role of teachers and provides certainty for teachers, students and their families.

    Health care continues to be a priority for the government with continued investment into new and enhanced services and the Health Human Resources Action Plan to ensure services are staffed. The new Regina Breast Health Centre started welcoming patients this spring offering a co-location of essential services to streamline care, reduce wait times and improve patient experiences in what can often be a challenging time. Success continues to be made with recruitment guided by the Health Human Resources Action Plan to recruit, train, incentivize and retain more staff in the province. To continue that work, Saskatchewan’s Rural and Remote Recruitment

    Incentive (RRRI) program has been expanded to an additional 16 communities for a total of 70. This incentive of up to $50,000 for a three-year return-in-service is offered to new, permanent full-time employees in nine high-priority health occupations in rural and remote communities experiencing or at risk of service disruptions due to staffing challenges. A recruitment campaign also launched recently encouraging physicians from the United States to consider practicing in Saskatchewan.

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    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI USA: Secretary Kennedy to Senator Marshall During HELP Committee Hearing: We’re Going to Make HHS Accountable to the American People

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington – U.S. Senator Roger Marshall, M.D. (R-Kansas) questioned the Secretary of Health and Human Services (HHS), Robert F. Kennedy, Jr., today during a hearing in the Senate Committee on Health, Education, Labor, & Pensions (HELP).
    During the hearing, Senator Marshall asked Secretary Kennedy about the chronic disease epidemic in America, efforts to make HHS more efficient, and vaccines.
    Senator Marshall has been a long-time ally of Secretary Kennedy and was heavily involved in his confirmation process. As an OB-GYN of over 25 years, Senator Marshall is also the Chairman of the Make America Healthy Again (MAHA) Caucus.

    [embedded content]

    Click HERE or on the image above to watch Senator Marshall’s full line of questioning.
    Highlights from the hearing include:
    On Making America Healthy Again:
    Senator Marshall: “This was going to be a question. I’m just going to make a statement. All the research that we do on MAHA, on soil health, on nutrition, in my heart, that’s research on cancer. It’s research on Alzheimer’s, at the end of the day… We should be spending as much money at the front side of this as we are trying to cure the end of it. We’re seeing epidemics of colorectal cancer, young age Alzheimer’s, all these things. And I think the research at the front end is every bit as important at the hind end.” 
    Secretary Kennedy: “…NIH made all these extraordinary breakthroughs, and particularly in treating cancer and, you know, reducing mortalities for colorectal cancer. But my question is, isn’t it as important to find out why kids are getting colorectal cancer?
    “When you and I were kids, there were zero kids with colorectal cancer. It’s an epidemic now, so it’s not really a badge for us when we say, ‘Oh, we can make it less lethal.’ Why don’t we go figure out what’s causing it and eliminate that exposure with all of these with Alzheimer’s, with heart disease? There’s something making Americans very, very sick, and our response should not be just ‘okay, we’ll develop a pharmaceutical fix for it, or medical fix.’ Let’s figure out what it is and get rid of it so we can have healthy kids again.”
    On efforts to make HHS more efficient:
    Senator Marshall: “Isn’t it true that under Joe Biden’s White House, they added 20,000 employees to HHS? When you were nominated, there were 28 divisions with HHS, 100 communication offices, 40 IT departments, and nine HR units as well? Can you answer that question?”
    Secretary Kennedy: “Yes, that’s right. There are dozens of IT departments. There’s eight senior finance officials. There are nine separate offices on women’s health, eight separate offices for minority health, 27 separate offices for HIV, 59 behavioral health programs, [and] 40 opioid programs.”
    “What we’re trying to do is consolidate, streamline, eliminate the redundancies, eliminate all those administrative costs for each one of those little departments, consolidate them and make them make sense, and make them accountable to the American people.
    “… As you point out, there’s 40 procurement departments with four separate computer systems that don’t talk to each other… [HHS] grew like 38% of the last four years. I would say that’s great if Americans got healthier, but they didn’t. They got worse.
    “So what we’re trying to do is go back to the pre-COVID levels and to start making the department function as it would… in a rational universe, and to bring in, you know, modern AI and telemedicine, and all the opportunities we have now, these new efficiencies and for medical delivery to the American people and for patient care.
    “And we’re not able to take advantage of any of them because there’s so much chaos and disorganization in this department, and everybody who’s gone up against it in the past has thrown their hands up and given up. What we’re saying is, let’s organize it in a way that I can quickly adopt and deploy all these opportunities we have to really deliver high-quality health care to the American people.”
    On vaccines:
    Senator Marshall: “Let’s stay on the measles vaccine, just for a second… I’m an obstetrician. If a 25-year-old pregnant woman asked me if she should take the measles vaccine, the MMR… I would give her the answer, ‘No, you shouldn’t.’ But if she was 25 and trying to get pregnant, I would give her different advice.
    “I’ve always valued the sanctity of the physician-patient relationship. I went to medical school for four years. I did four years of residency. I delivered thousands of babies. It’s my job to give that recommendation. What’s the role of the Secretary of HHS as far as recommendations of vaccines?”
    Secretary Kennedy: “Well, the vaccine recommendations, Senator, are normally made through ACIP, the Advisory Committee on Immunization Practices, which is an outside consulting committee at CDC [Centers for Disease Control and Prevention]. There’s another committee called VRBPC [the Vaccines and Related Biological Products Advisory Committee], which is within the FDA [Food and Drug Administration], that actually recommends whether the vaccines get licensed or not, and so that’s where the recommendations come from.
    “… Traditionally, they have not done evidence-based medicine. They only adopted evidence-based medicine about 12 years ago, and what we’ve said during our administration is we want to have safety studies prior to the licensure and recommendation of vaccines.
    “Vaccines are the only medical product that is exempt from pre-licensing safety testing. So the only vaccine that has been tested in a full-blown placebo trial against an inert placebo was the COVID vaccine. Of the other 76 shots that children in this country received between birth and 18 years old, none of them have been safety tested in pre-licensing studies against the placebo, which means we don’t understand the risk profile for those products, and that’s something that I intend to remedy.”

    MIL OSI USA News

  • MIL-OSI USA: AFSCME’s Saunders: Cuts to Medicaid and SNAP will devastate working families and our communities

    Source: American Federation of State, County and Municipal Employees Union

    WASHINGTON – AFSCME President Lee Saunders released the following statement after House committees voted to move forward with a budget that will hurt public services nationwide:

    “Anti-worker extremists in Congress have shamefully voted to strip 13.7 million people of their health insurance and take food off the tables of families all to fund tax breaks for billionaires. These extreme cuts will impact everyone — not just those who receive health insurance through Medicaid or food through SNAP. Hospitals, nursing homes and clinics — particularly in rural areas — will be forced to close. More people going to the doctor without insurance means health care costs will go up for everyone, and emergency departments will be overwhelmed as people only go to the doctor when in crisis.

    “These examples merely scratch the surface of the harm our communities will face. As costs continue to rise, working people will have even less to spend, hurting small businesses, resulting in layoffs and devastating Main Streets across the country. From child and home care providers to sanitation workers and corrections officers, AFSCME members are essential in providing the public services that keep our nation safe and healthy. Without federal funding, our jobs are at risk as states, cities and towns struggle to afford these lifesaving services. Clearly, the intention of those voting for this budget package isn’t to put people to work and stimulate our economy; it’s to give the wealthiest among us a handout at the expense of working people.

    “As this bill heads to the House floor, AFSCME members will continue to speak out to protect our communities. Tens of thousands of us have called, written and even traveled to D.C. from across the country to ensure that elected officials know how cuts will hurt our families, communities and jobs. Now, we’ll be even louder as we fight this cruel, anti-worker budget tooth and nail.”

    MIL OSI USA News

  • MIL-OSI Security: The NATO Internship Programme is now open for applications!

    Source: NATO

    Are you passionate about making a difference? Are you a citizen of a NATO country? Would you like to work for the world’s most successful political and military alliance, which protects the freedom and security of one billion people?

    Apply now for a six-month paid internship at NATO Headquarters in Brussels, starting in March or September 2026.

    Whether your interests lie in political affairs, defence and security, innovation, operations, communications, human resources, finance, science and technology, or infrastructure and facilities, NATO is the place for you to gain invaluable hands-on experience in your chosen field.

    An internship placement at NATO is an opportunity to acquire skills, become part of a community of international professionals, work alongside experts, share ideas and contribute to the goals of the Alliance.

    If you are ready to embark on a journey that will not only shape your career, but also enable you to contribute to NATO’s mission of safeguarding one billion people, we encourage you to apply for an internship.

    The deadline to apply for the NATO Internship Programme is 22 June 2025. 

    For more information about the NATO Internship Programme, including eligibility criteria, compensation and benefits, and the full application process, please visit the NATO Internship Programme page.

    For any questions, please visit our frequently asked questions page.

    MIL Security OSI

  • MIL-OSI: Ninepoint Partners LP Expands Access to Crypto and AI Leaders Strategy With Mutual Fund Series; Announces Risk Rating Change for Global Infrastructure Fund

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint or the Manager) is pleased to announce the expected launch of four new mutual fund series of Ninepoint Crypto and AI Leaders ETF, being Series S, Series SF, Series A and Series F. Subject to regulatory approval, each such new series will be available under both Canadian and US dollar purchase options.

    Offering a mutual fund series of Ninepoint Crypto and AI Leaders ETF provides Canadian financial advisors with additional flexibility and accessibility, enabling such advisors to hold the fund in client accounts that do not support trading in exchange-traded funds. This also allows for easier integration with pre-authorized contribution plans, systematic withdrawal plans, and dollar-cost averaging strategies—tools that many advisors rely on to help clients build wealth over time.

    Each new mutual fund series of Ninepoint Crypto and AI Leaders ETF will be reflected in the fund’s simplified prospectus and fund facts, each of which will be filed with Canadian securities regulators in connection with the fund’s 2025 annual renewal. Subject to regulatory approval, it is anticipated that each new mutual fund series will be available for purchase on or about May 21, 2025 under the following fund codes:

    Fund Code
    (CAD Purchase Option)
    Fund Code
    (USD Purchase Option)
    Mutual Fund Units Management Fee
    NPP5604 NPP 5600 Ninepoint Crypto and AI Leaders ETF – Series A 1.70%
    NPP5605 NPP 5601 Ninepoint Crypto and AI Leaders ETF – Series F 0.70%
    NPP5606 NPP 5602 Ninepoint Crypto and AI Leaders ETF – Series S 1.35%
    NPP5607 NPP 5603 Ninepoint Crypto and AI Leaders ETF – Series SF 0.35%

    Series S and Series SF securities are lower management fee versions of Series A and Series F securities, available to all investors until the aggregate net asset value for the fund’s Series S securities and Series SF securities exceeds $10 million.

    Risk Rating Change – Ninepoint Global Infrastructure Fund

    Ninepoint also announced a risk rating change for Ninepoint Global Infrastructure Fund (the Fund). The Manager determines the risk rating for the Fund in accordance with the methodology required by the Canadian securities regulators. As a result of its annual review of the investment risk level of the Fund, the Manager has determined the risk rating change as follows:

    Fund Previous Risk Rating New Risk Rating
    Ninepoint Global Infrastructure Fund Low to Medium Medium

    This change will be reflected in the Fund’s fund facts, which will be filed with Canadian securities regulators in connection with the Fund’s 2025 annual renewal.

    There are no changes to the investment objectives or strategies of the Fund.

    The investment objective of the Fund is primarily to maximize risk adjusted long-term returns and secondarily to achieve a high level of income. The Fund focuses on achieving growth of capital through securities selection and pursues a long-term investment program with the aim of generating capital gains. The Fund seeks to provide a moderate level of volatility and a low degree of correlation to other asset classes through diversifying across a relatively concentrated group of global infrastructure stocks.

    About Ninepoint Partners LP

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Fund will be able to maintain its NAV per security at a constant amount or that the full amount of your investment in the Fund will be returned to you. Past performance may not be repeated.

    Sales Inquiries:
    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    Media Inquiries:
    Longacre Square Partners
    Kate Sylvester / Liz Shoemaker
    ninepoint@longacresquare.com 

    The MIL Network

  • MIL-OSI: Karolinska Development’s Annual General Meeting 2025

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN – May 15, 2025. Karolinska Development AB (publ) (“Karolinska Development” or the “Company”) held the Annual General Meeting on May 15, 2025. The shareholders have had the right to exercise their voting rights in advance through postal voting pursuant to item 13 in the articles of association. Therefore, shareholders have had the choice to exercise their voting rights at the AGM by attending in person, by postal voting or through a proxy. The following resolutions were passed by the shareholders at the Annual General Meeting:

    Profit and loss statement and the balance sheet: It was resolved to adopt the profit and loss statement and the balance sheet and the consolidated profit and loss statement and the consolidated balance sheet.

    Appropriation of the Company’s result: It was resolved to approve the allocation of the result, proposed by the Board of Directors and the CEO, in total SEK 1,235,972,877 to be carried forward.

    Discharge from liability of the directors and the CEO: It was resolved to grant the directors and the CEO discharge from liability for the financial year 2024.

    Resolution regarding the number of directors and auditors and deputy auditors to be appointed: It was resolved that the number of directors shall be five without deputies and that the number of auditors shall be one. No deputy auditor shall be appointed.

    Resolution in respect of the fees for the Board of Directors and for the auditor: It was resolved that the chairman will be paid a fixed amount of SEK 400,000 to be paid out in proportion to board meetings attended; that all other directors will be paid a fixed amount of SEK 200,000 to be paid out in proportion to board meetings attended; that the auditor will be paid as per invoice.

    Election of Chairman of the Board of Directors, directors and auditors and deputy auditors: It was resolved to re-elect the directors Ben Toogood, Anna Lefevre Skjöldebrand, Philip Duong and Will Zeng, and to elect Anders Härfstrand as director, and it was resolved to re-elect Ben Toogood as Chairman of the Board of Directors. It was resolved to, in accordance with the audit committee’s recommendation, re-elect Ernst & Young Aktiebolag as auditor, currently with Oskar Wall as auditor in charge, for the time until the end of the 2026 Annual General Meeting.

    Principles for appointing members and instruction for the Nomination Committee: It was resolved that the Nomination Committee shall have five members. Every year, the five largest owners (voting power, as set forth in the share register kept by Euroclear Sweden AB as of the last banking day in August) shall appoint one member each. The chairman of the Board of Directors shall convene the first meeting. If a shareholder does not exercise its right to appoint a member, the shareholder next in order of voting power, who has not already appointed a member or has a right to appoint a member, shall have the right to appoint a member to the Nominating Committee. The members of the Nomination Committee shall be made public as soon as the members have been appointed, and in no case later than six months prior to the Annual General Meeting. The members shall among themselves appoint the chairman of the Nomination Committee. If a member resigns or is prevented from pursuing his/her assignment, the shareholder that has appointed such member shall appoint a new member. In the event that the shareholding in the Company is materially changed, before the Nomination Committee has completed its assignment, the Nomination Committee may decide to change the composition of the Nomination Committee, as determined by the Nomination Committee (considering the principles applicable for the appointment of the Nomination Committee). Any change in the composition of the Nomination Committee shall be announced as soon as possible. No fees shall be paid to the members of the Nomination Committee. Out of pocket expenses shall be reimbursed by the Company. The mandate of the committee shall be until the members of the succeeding committee have been announced.

    The Nomination Committee is to make proposals to the Annual General Meeting regarding the election of Chair of the Annual General Meeting, number of directors, Chair of the Board of Directors and other directors and remuneration to the directors. The Nomination Committee is also to make proposals regarding the company’s auditor, remuneration to the company’s auditor and election of members of the Nomination Committee or principles for the selection of a Nomination Committee. The Nomination Committee shall conduct an annual evaluation of this instruction and when necessary propose to amend it to the Annual General Meeting. The Nomination Committee shall otherwise carry out the tasks that, according to the Swedish Corporate Governance Code, are the responsibility of the Nomination Committee.

    Resolution on approval of the Board of Directors’ Remuneration Report 2024: It was resolved to approve the Board of Directors’ remuneration report for 2024 in accordance with Chapter 8, Section 53 a of the Swedish Companies Act.

    The Board of Directors’ proposal regarding authorization for the Board of Directors to resolve on transfer of own shares: It was resolved to authorize the Board of Directors, for the period until the next Annual General Meeting, on one or more occasions, with or without deviation from the shareholders’ preferential rights, to resolve on transfer of all shares of series B held by the Company at any given time. Transfer may take place on Nasdaq Stockholm or otherwise. Transfer on Nasdaq Stockholm shall be made at a price per share within the registered price interval at any given time, being the interval between the highest bid and lowest ask price. Otherwise, transfer shall be made on market terms. Payment for shares shall be made in cash, in kind or by set-off.

    The Board of Directors’ proposal regarding authorization for the Board of Directors to resolve on new issues of shares: It was resolved to authorize the Board of Directors, for the period until the next Annual General Meeting to resolve, on one or more occasions, with or without deviation from the shareholders’ preferential rights, and for payment in cash, by set-off or in kind, to issue new shares of series B up to a number that, at the time of the first resolution under the authorization, corresponds to twenty (20) per cent of the total share capital; provided however that any such issue must not result in the Company’s share capital exceeding the Company’s maximum allowed share capital as set out in the articles of association.

    Complete information regarding each resolution of the Annual General Meeting can be found on www.karolinskadevelopment.com.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    The information was submitted for publication through the agency of the contact persons set out above on May 15, 2025 at 16:45 CEST.

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com

    Attachment

    The MIL Network

  • MIL-OSI: Climb Credit Supports Student Repayment Outcomes and Improves Enrollment Process with Integrated Deposit Feature

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, May 15, 2025 (GLOBE NEWSWIRE) — Climb Credit, a leading student lending platform focused on skills education, today announced the launch of its new deposit collection feature, designed to give career-training schools greater control over enrollment and repayment outcomes—without adding operational overhead.

    The feature enables schools to automatically collect and track student deposit payments through a seamless workflow integrated with the loan process. Once a student is approved for a Climb loan and accepts their offer, they receive an automated prompt to submit their school’s required deposit, with all payment tracking managed in Climb’s School Portal.

    “Deposits are a key signal of student commitment, but schools have traditionally had to manage them separately from the loan process,” said Casey Powers, CEO of Climb Credit. “With this launch, we’ve streamlined deposit collection for schools and simplified the experience for students—reducing friction and accelerating enrollment.

    Initial data from schools collecting deposits shows a 46–48% decrease* in the likelihood of borrower default for lower credit borrowers. This improvement is attributed not only to the upfront financial commitment, but also to a smoother path into auto-pay enrollment. When students submit deposits via bank transfer, those details can be automatically linked to Climb’s loan servicing platform—making it easier to activate auto-pay and receive a 0.25% interest rate reduction.**

    The new feature is fully integrated into Climb’s lending platform, meaning schools no longer need to manually invoice students or track payments across systems. Adjusting individual deposit amounts, verifying funding status, and accessing real-time student-level data can all be done through Climb’s School Portal.

    This launch adds to Climb’s growing suite of products aimed at improving access, outcomes, and operational efficiency for career training providers—particularly in healthcare, skilled trades, and technology.

    *Data calculated through an assessment or repayment performance on loans from 2Q23 to Q12025 with and without a deposit requirement. Assessment included Climb advance loans without a full deferment period and borrower FICO scores below 660. Data was collected across market segments including programs in Computer Sciences, Healthcare, IT, and Trade Schools.

    **The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. This discount only applies to interest-bearing products, not 0%interest financing products.

    Climb encourages students to do thorough research in selecting a training program that meets their unique needs. Details provided by Climb are for information purposes only and are not meant to qualify an institution or be relied upon in determining which institution is right for you.

    About Climb Credit

    ​​Climb (NMLS# 1240013) is an innovative student payment platform that makes career-focused education more accessible and affordable. Driven by a mission to empower individuals to unlock their potential – no matter their credit profile – Climb identifies programs and schools that offer skill-based training programs, then provides learners with payment options that are structured to meet the unique needs of those seeking career training. Recognizing the dynamic and diverse nature of a rapidly-changing economy, Climb partners with schools that teach everything from cybersecurity to healthcare training, heavy machine operation to data science, and culinary arts to AI & Machine Learning. While status quo education pathways are struggling to meet the real-world needs of students and prospective employers, Climb and its partner schools are committed to an inspiring practicality that helps bridge the gap between people looking for career training and companies looking to build a skilled workforce.

    The MIL Network

  • MIL-OSI: EXL named a Leader in 2025 Gartner® Magic Quadrant™ for Finance and Accounting Business Process Outsourcing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, has been named a Leader in the 2025 Gartner Magic Quadrant for Finance and Accounting (F&A) Business Process Outsourcing (BPO).

    The Gartner research report evaluated 16 F&A service providers according to a uniform set of criteria, placing companies into four Quadrants: Leaders, Visionaries, Niche Players and Challengers. Gartner defines Leaders as companies that “execute well against their current vision and are well positioned for tomorrow.”

    The report noted: “Enhanced F&A BPO offerings that meet finance’s need for more automated transactional processing focus on providing process transformation expertise, often combined with proprietary or partnered process automation technologies, including the use of AI and machine learning. Buyers benefit from these types of agreements by maturing their processes, adopting technologies that require minimum human intervention, and driving more competitive processing costs.” This is the fourth consecutive year that EXL has been named a Leader in this report.

    “The demands on the modern finance department are steadily increasing, as new accounting and compliance requirements have created a vital need for faster, more accurate flow of information,” said Vikas Bhalla, president and head of AI services and operations. “Our data and AI-led approach is helping clients rise to meet these challenges, while creating new opportunities for optimization and growth.”

    EXL was recognized as a Customers’ Choice in the 2025 Gartner® Peer Insights™ Voice of the Customer for Finance and Accounting Business Process Outsourcing Services. As of May 13, 2025, EXL has an overall rating of 4.7 out of 5 in the Finance and Accounting Business Process Outsourcing market, based on 68 reviews on Gartner Peer Insights™.

    To learn more about EXL finance and accounting services click here.

    Source: Gartner, Magic Quadrant for Finance and Accounting Business Process Outsourcing,  Jan AmbergenJeffrin FrancisMiles Onafowora, 14 April 2025

    Peer Contributors, Voice of the Customer for Finance and Accounting Business Process Outsourcing Services, February 2025

    Gartner and Peer Insights are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

    Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    About Palantir Technologies Inc.

    Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network

  • MIL-OSI: RegEd Advances Next-Generation AI Capabilities of Its Industry-Leading Advertising Compliance Review Solution

    Source: GlobeNewswire (MIL-OSI)

    Raleigh, NC, May 15, 2025 (GLOBE NEWSWIRE) — RegEd, the leading provider of compliance solutions for the financial services industry, today announced the release of Version 3.0 of the proprietary AI model that powers its Advertising Review solution. This marks a significant milestone in the evolution of RegEd’s Submission Intelligence suite of capabilities and underscores the company’s leadership in enterprise-grade, AI-enabled compliance technology. 

    Less than a year after being the first to deliver enterprise-ready AI for advertising compliance, RegEd has introduced its third-generation model, setting a new benchmark for precision, efficiency, and data security. The AI 3.0 release achieves more than 90% accuracy in identifying problematic content in advertising and marketing materials, with continuous refinement driven by real-world use across dozens of leading financial services firms. 

    “At RegEd, AI is more than a buzzword,” said Ethan Floyd, Chief Product Officer at RegEd. “Many vendors are using ‘AI’ as a marketing tactic, describing capabilities as “agents” that are not built on AI technology. Because of the value it can bring our customers, RegEd invested in building its own AI technology and development discipline that is in production today. Our model continues to improve because of the level of adoption we have across our customer base, and because we’ve implemented a robust methodology to constantly fine-tune it for maximum utility for the industry.”

    Developed within a closed-loop system, RegEd’s AI ensures complete client data privacy. The model is governed, trained, and deployed exclusively within RegEd’s secure infrastructure, avoiding the security and privacy risks associated with third-party models, or those that are externally trained or managed. 

    Key Enhancements in Version 3.0: 

    • Improved Accuracy: Now exceeding 90% accuracy in problematic content detection, with continued reduction in false positives. 
    • Client-Calibrated Tuning: Firms can now adjust sensitivity thresholds to align the model with internal standards and review preferences. 
    • Consistency Across Review Teams: AI delivers repeatable, scalable identification of red flags, helping teams maintain uniformity across reviewers and workflows. 

    In addition to the enhancements in Version 3.0, RegEd will introduce AI-assisted pre-review later this year. This next-phase capability will enable firms to screen materials for compliance issues before human review, further accelerating review cycles and improving speed to market. 

    RegEd’s ongoing commitment to governance, model validation, and robust testing ensures that each evolution of its solution delivers measurable impact without compromising on security, privacy or compliance effectiveness. 

    To learn more or request a demonstration, visit www.reged.com

    About RegEd 

    RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients that represent more than 35 of the top 50 insurance companies. 

    Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk. 

    Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com

    The MIL Network

  • MIL-OSI: The Southern Banc Company, Inc. Announces Third Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    GADSDEN, Ala., May 15, 2025 (GLOBE NEWSWIRE) — The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company (the “Bank”), announced net income of approximately $230,000, or $0.30 per basic and $0.30 per diluted share, for the quarter ended March 31, 2025, as compared to net income of approximately $340,000, or $0.45 per basic and $0.44 per diluted share, for the quarter ended March 31, 2024. The Company announced that for the nine-month period ended March 31, 2025, the Company recorded net income of approximately $775,000, or $1.02 per basic and $1.01 per diluted share, as compared to net income of approximately $1,177,000, or $1.55 per basic and $1.53 per diluted share, for the nine-month period ended March 31, 2024. The Company’s fiscal year ends June 30, 2025.

    Gates Little, President and Chief Executive Officer of the Company stated that the Company’s net interest margins increased approximately $335,000, or 17.92%, during the quarter as compared to the same period in 2024. The increase in the net interest margin before provision for credit losses for the quarter was primarily attributable to an increase in total interest income of approximately $477,000 offset by an increase in total interest expense of approximately $142,000. For the three-month period ending March 31, 2025, the Company recorded a provision for loan and lease losses in the amount of approximately $99,000 as compared to no provision for the three-month period ended March 31, 2024. For the quarter ending March 31, 2025, total non-interest income decreased approximately $53,000, or (27.88%), while total non-interest expense increased approximately $332,000, or 20.70%, as compared to the same three-month period in 2024. The decrease in non-interest income was primarily attributable to a decrease in miscellaneous income of approximately $51,000 and customer services fees of approximately $2,000. The increase in non-interest expense was primarily attributable to increases in salaries and benefits of approximately $289,000, professional service expense of approximately $26,000, and occupancy expense of approximately $8,000 offset in part by a decrease in data processing expenses of approximately $10,000.

    For the nine months ending March 31, 2025, net interest income increased approximately $1,442,000, or 20.17%, as compared to the same period in 2024. For the nine-month period ending March 31, 2025, the Company recorded a provision for loan and lease losses in the amount of approximately $541,000 as compared to no provision for the nine-month period ended March 31, 2024. For the nine-months ended March 31, 2025, total non-interest income decreased approximately $42,000, or (8.53%), while total non-interest expense increased approximately $774,000, or 16.70%, as compared to the same period in 2024. The decrease in non-interest income was primarily attributable to decreases in miscellaneous income of approximately $37,000 and customer service fees of approximately $5,000. The increase in non-interest expense was primarily attributable to increases in salaries and benefits of approximately $630,000, occupancy expense of approximately $21,000, professional fees of approximately $144,000, offset in part by a decrease in data processing expense of approximately $25,000.

    The Company’s total assets on March 31, 2025, were approximately $127.7 million, as compared to $113.1 million at June 30, 2024. Total stockholders’ equity was approximately $16.3 million on March 31, 2025, or 12.73% of total assets as compared to approximately $14.5 million on June 30, 2024, or approximately 12.80% of total assets.

    The Bank has four full-service banking offices located in Gadsden, Albertville, Guntersville, and Centre, AL, and one loan production office in Birmingham, AL that conducts factoring activities. Common stock of The Southern Banc Company, Inc. trades in the over-the-counter market under the symbol “SRNN”.

    Certain statements in this release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “target,” “plan,” “project,” “continue,” or the negatives thereof, or other variations thereon or similar terminology, and are made on the basis of management’s plans and current analyses of the Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. The above factors, in some cases, have affected, and in the future could affect the Company’s financial performance and could cause actual results to differ materially from those expressed or implied in such forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

     
    (Selected financial data attached)
     
     
    THE SOUTHERN BANC COMPANY, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
    (Dollar Amounts in Thousands)
     
        March 31,     June 30,
        2025     2024
        Unaudited     Audited
    ASSETS          
    CASH AND CASH EQUIVALENTS $ 26,537     $ 12,632  
    SECURITIES AVAILABLE FOR SALE, at fair value   38,922       37,912  
    FEDERAL HOME LOAN BANK STOCK   125       120  
    LOANS RECEIVABLE, net of allowance for loan losses of $1,605 and $1,160, respectively   58,408       58,199  
    PREMISES AND EQUIPMENT, net   1,025       1,133  
    ACCRUED INTEREST AND DIVIDENDS RECEIVABLE   955       934  
    PREPAID EXPENSES AND OTHER ASSETS   1,763       2,124  
               
    TOTAL ASSETS $ 127,735     $ 113,054  
               
    LIABILITIES          
    DEPOSITS $ 104,249     $ 92,250  
    FHLB ADVANCES   0       0  
    OTHER LIABILITIES   7,227       6,338  
    TOTAL LIABILITIES   111,476       98,588  
               
    STOCKHOLDERS’ EQUITY:          
    Preferred stock, par value $.01 per share 500,000 shares authorized; no shares issued and outstanding          
    Common stock, par value $.01 per share, 3,500,000 authorized, 1,454,750 shares issued   15       15  
    Additional paid-in capital   13,947       13,943  
    Shares held in trust, 44,081 and 46,454 shares at cost, respectively   (762 )     (772 )
    Retained earnings   14,660       13,884  
    Treasury stock, at cost, 648,664 shares   (8,825 )     (8,825 )
    Accumulated other comprehensive (loss)   (2,776 )     (3,779 )
    TOTAL STOCKHOLDERS’ EQUITY   16,259       14,466  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 127,735     $ 113,054  
     
    THE SOUTHERN BANC COMPANY, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (Dollar Amounts in Thousands, except per share data)
     
                                                                     Three Months Ended     Nine Months Ended
              March 31,     March 31,
                                 
              2025
    (Unaudited)
        2024     2025
    (Unaudited)
        2024
                                 
    INTEREST INCOME:                      
                                 
      Interest and fees on loans $ 2,476   $ 2,108   $ 7,548   $ 6,284
      Interest and dividends on securities   200     182     545     551
      Other interest income   213     122     494     310
                                 
        Total interest income   2,889     2,412     8,587     7,145
                                 
    INTEREST EXPENSE:                      
      Interest on deposits   685     543     2,020     1,392
      Interest on borrowings   0     0     0     0
        Total interest expense   685     543     2,020     1,392
        Net interest income before provision for loan losses   2,204     1,869     6,567     5,753
      Provision for loan losses   99     0     541     0
        Net interest income after provision for loan losses   2,105     1,869     6,026     5,753
                                 
    NON-INTEREST INCOME:                      
      Fees and other non-interest income   30     32     96     101
      Net gain on sale of securities   0     0     0     0
      Miscellaneous income   107     158     344     381
      Total non-interest income   137     190     440     482
                                 
    NON-INTEREST EXPENSE:                      
      Salaries and employee benefits   1,239     950     3,402     2,772
      Office building and equipment expenses   101     93     285     264
      Professional Services Expense   195     169     565     421
      Data Processing Expense   185     195     555     580
      Net loss on sale of securities   0     0     0     0
      Other operating expense   211     192     610     606
          Total non-interest expense   1,931     1,599     5,417     4,643
                                 
      Income before income taxes   311     460     1,049     1,592
                                 
    PROVISION FOR INCOME TAXES   81     120     274     415
                                 
        Net Income $ 230   $ 340   $ 775   $ 1,177
                                 
    EARNINGS PER SHARE:                      
        Basic $ 0.30   $ 0.45   $ 1.02   $ 1.55
        Diluted $ 0.30   $ 0.44   $ 1.01   $ 1.53
                                 
    DIVIDENDS DECLARED PER SHARE $   $   $   $
                                 
    AVERAGE SHARES OUTSTANDING:                      
        Basic   763,918     759,650     761,050     760,729
        Diluted   768,309     766,093     766,710     767,791

    Contact: Gates Little
    (256) 543-3860

    The MIL Network

  • MIL-OSI Economics: Governor Ulrik Nødgaard: The banks may risk losses on loans to export companies

    Source: Danmarks Nationalbank

    Both company and bank earnings increased through 2024, and there has not been a significant increase in the share of non-performing loans. However, export-sensitive industries, such as manufacturing, transportation and agriculture, will be affected by the global uncertainty associated with the ongoing trade conflict. This is especially true for manufacturing companies, where a significant part of exports goes to the United States, the Governor pointed out in his speech.

    ”With continued high core earnings and good cushioning in the form of capitalisation, the banks have a good starting point for dealing with the economic consequences of the trade conflict”, said Ulrik Nødgaard.

    The banks have significant exposures to the export-sensitive industries. Of the three industries mentioned above, it is especially the manufacturing enterprises that have substantial loans from the large banks, while the agricultural enterprises dominate with the medium-sized banks, see the chart below. However, the direct credit risk on bank lending is limited by the fact that a large part of Danish exports of goods to the US are produced in the US. At the same time, Danish agricultural companies export to a greater extent to the European market and are thus less dependent on the American market.

    Ulrik Nødgaard also emphasised that a major shock to Danish exports and a general global slow-down could have an impact on the Danish economy as a whole and give rise to losses on credit institutions’ lending.

    MIL OSI Economics

  • MIL-OSI Economics: Changes in the Financial Markets and Resolution and Financial Stability Departments

    Source: Czech National Bank

    At its meeting on 15 May 2025, the Bank Board of the Czech National Bank (CNB) approved changes in the bank’s organisational structure with effect from 1 June 2025.

    The Resolution Division will be transferred from the Financial Markets and Resolution Department to the Financial Stability Department. This change is aimed at leveraging synergies in fulfilling one of the CNB’s primary objectives, namely maintaining the long-term stability of the financial system. In connection with this change, the departments concerned will be renamed the Financial Markets Department and the Financial Stability and Resolution Department on 1 June.

    At the same time, the Bank Board decided to appoint Petr Frydrych new Executive Director of the Financial Markets Department with effect from 1 June. Ondřej Strádal will become the Department’s Deputy Executive Director. He will remain in charge of the Reserves Management Division. Daniel Krejčí will head up the Interventions Division.

    Petr Frydrych graduated from the Faculty of Mathematics and Physics at Charles University in Prague. He joined the CNB’s Reserves Management Division in 1995, where he held the post of portfolio manager. He was appointed Director of the Reserves Management Division in 2001 and Director of the Interventions Division in 2005, and now serves as Deputy Executive Director of the Financial Markets and Resolution Department. He has long focused on monetary policy implementation in his work.

    Ondřej Strádal graduated from the Institute of Economic Studies of the Faculty of Social Sciences at Charles University and qualified as a Chartered Financial Analyst in 2003. He began his career at the CNB as a money market broker and then worked as a portfolio manager responsible for international reserves management. After that, he worked at the London branch of Goldman Sachs. Between 2016 and 2019, at the decision of the Bank Board, he held the post of Advisor to the Executive Director at the International Monetary Fund in Washington. In 2008–2016 and since 2019, he has served as Director of the CNB’s Reserves Management Division, where he manages a team of portfolio managers.

    Daniel Krejčí graduated from the Faculty of Finance and Accounting at the Prague University of Economics and Business and from the Institute of Economic Studies of the Faculty of Social Sciences at Charles University. In 1995–2007, he worked at ČSOB in various positions, ultimately as director of interest rate and commodity derivatives trading for clients. He joined the CNB in 2007, where he held the post of Deputy Executive Director of the Risk Management and Transactions Support Department responsible for the Risk Management Division until 2019. Since 2019, he has worked as a chief dealer and Deputy Director of the Reserves Management Division at the CNB.

    Jakub Holas
    Director, Communications Division

    MIL OSI Economics

  • MIL-OSI Africa: United Kingdom (UK) Can Help Africa’s Just Energy Transition

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

    United Kingdom (UK) Can Help Africa’s Just Energy Transition As a continent, Africa has contributed least to causing climate change, yet is suffering most from its impact, while 600 million of its 1.4 billion people still have no or only intermittent access to electricity LONDON, United Kingdom, May 15, 2025/APO Group/ — Lord Oates “To achieve a just energy transition in Africa that reduces energy poverty and accelerate development in a climate-friendly way will require the UK, other high-income countries and multilateral institutions to step up, in partnership with African countries.” Download document: https://apo-opa.co/3H8UzwQ Parliament’s All Party Parliamentary Group for Africa (APPG) publishes today a report highlighting the importance of achieving a just and rapid energy transition in Africa, one that responds to the need for cleaner energy while expanding energy access and enabling more rapid development. In this transition, Britain has an important and constructive role to play. This report has been produced by the AAPPG in partnership with the Royal African Society (“the Society”), which acts as the Secretariat for the APPG. As a continent, Africa has contributed least to causing climate change, yet is suffering most from its impact, while 600 million of its 1.4 billion people still have no or only intermittent access to electricity.  With enormous potential for renewable energy, as well as some of the world’s largest carbon sinks and many of the essential minerals for a clean transition, Africa has a crucial role in tackling climate change. But to enable Africans to mitigate and adapt, faster economic development using increased energy supply and access is crucial. The report, link to doc on RAS website (apo-opa.co/44AMX01): Africa’s Just Energy Transition: How Can the UK Support? is the result of an 18-month inquiry consulting a wide range of witnesses from Africa and beyond. It explores the challenges and solutions to Africa’s energy dilemma, from the use of solar mini-grids and stand-alone systems and clean cooking technologies, to hydro, wind, gas and geothermal energy, and the role of Just Energy Partnerships (JETPs) with South Africa and Senegal. In particular it looks at how the transition can be financed, from traditional grants and loans, through blended finance and private sector investments, to better use of carbon markets.

    It makes nine specific recommendations for action by the British government, covering:

    • The need for the UK to deliver on its existing commitments on climate and finance;
    • Helping African governments mobilise more domestic resources and international funding for the energy sector;
    • Helping African countries create appropriate regulation and a conducive environment for investment;
    • Supporting African innovation and industrialisation, including through the work of BII and PIDG.

    The report is being sent to the British government and circulated widely in Africa and the UK as an input to policy-making and debate on climate and energy issues. All-Party Parliamentary Group for Africa Distributed by APO Group on behalf of Royal African Society. For further information, please contact: The Royal African Society ras_communications@soas.ac.uk Lord Jonny Oates jonny.oates@uamh.org Nick Westcott nw28@soas.ac.uk About The All Party Parliamentary Group for Africa: The UK’s All Party Parliamentary Group (APPG) for Africa is a dynamic cross-party group composed of UK parliamentarians from both the House of Commons and the House of Lords. The APPG for Africa is dedicated to fostering mutually beneficial relationships between African nations and the UK while actively working to challenge and dispel negative stereotypes about Africa. Established with the support of the Royal African Society in January 2003, the APPG for Africa has grown to become one of the most active and independent APPGs within the UK Parliament, boasting over 200 members. The group’s events and meetings provide a vital platform for UK parliamentarians to engage in meaningful dialogue on policy issues with African policymakers, diaspora communities, civil society organizations, and the private sector. About the Royal African Society (RAS): The Royal African Society (“The Society”) is the secretariat for the APPG for Africa. The Society was founded in 1901 and is the only UK-based non-governmental organisation with a Royal Charter dedicated to increasing knowledge about Africa, is a membership charity that provides opportunities for people to connect, celebrate, and critically engage with a wide range of topics and ideas about Africa today.  Through our events, publications, and digital channels, we share insight, instigate debate, and facilitate mutual understanding between audiences in the UK and Africa, fostering strong relationships and collaboration. We amplify African voices and interests in academia, business, politics, the arts, and education. Our mission is to inform, inspire, and champion African perspectives. To find out more https://apo-opa.co/4j4Oij9 and to join https://apo-opa.co/3GU12Md

    Text copied to clipboard.

    MIL OSI Africa

  • MIL-OSI Africa: Development Bank of Nigeria visits African Development Bank to benchmark sustainability and resilience into financing

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

    ABIDJAN, Ivory Coast, May 15, 2025/APO Group/ —

    A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth Department and the Financial Sector Development Department, focused on sharing tools and best practices for integrating climate and sustainability considerations into the institution’s financial operations

    Through the African Financial Alliance on Climate Change (AFAC) (https://apo-opa.co/4dCVDFL), the African Development Bank offers technical assistance to African financial institutions to help them manage climate-related risks and unlock opportunities in green investments.

    Africa remains highly vulnerable to the impacts of climate change, with climate-induced losses projected to reach up to $50 billion annually by 2030, equivalent to as much as 15% of the continent’s GDP. Despite this vulnerability, Africa holds immense potential for sustainable investment, leveraging its abundant natural capital, including land, minerals, and renewable energy resources. Mobilizing domestic capital towards long-term sustainable investments is key to realizing this potential.

    Public development banks are instrumental in steering capital toward priority sectors by de-risking innovative and sustainable investments.

    Batchi Baldeh, Director of Power Systems Development and DBN board member, remarked, “Through targeted investments, the African Development Bank is committed to strengthening institutions such as the Development Bank of Nigeria to foster youth employment and drive resilient and sustainable development.”

    Dr. Anthony Nyong, Director of the Climate Change and Green Growth Department, emphasized the importance of peer learning among African institutions. “The Bank’s Ten-Year Strategy serves as a framework to deepen regional and global partnerships and expand access to concessional financing from mechanisms such as the Green Climate Fund. To this end, the Bank provides technical assistance to regional and national financial institutions to create green jobs and build resilience into their operations,” he said.

    Ahmed Attout, Director of Financial Sector Development at the Bank, said: “The Development Bank of Nigeria remains a key strategic partner of the Bank in the implementation of flagship programs that are geared at expanding access to finance for underserved sections of the society, especially Women and Youth in Nigeria. Visits like this reinforce our partnership and strengthen our impact, and we look forward to building on the opportunities identified this week”.

    Jeremiah Dan-Okayi, DBN Head of Strategy and Policy, remarked that this visit was timely for the implementation of its green finance strategy. Beyond technical knowledge, the visit also opened new avenues for collaboration to strengthen our role in building a more resilient and inclusive financial system in Nigeria”, he said.

    The African Development Bank continues to rally partners through the African Financial Alliance on Climate (AFAC) to provide technical assistance to regional financial institutions to increase financing for sustainable investments.

    MIL OSI Africa

  • MIL-OSI Global: How a toxic seaweed choking Caribbean beaches could become a valuable resource

    Source: The Conversation – UK – By Emily Wilkinson, Principal Research Fellow, ODI Global

    Marc Bruxelle/Shutterstock

    Each year, between March and October, large amounts of brown seaweed called sargassum wash up on the shores of Caribbean islands – choking beaches, damaging marine life and threatening tourism and public health. But a number of local entrepreneurs are hoping the seaweed could create an economic opportunity.

    From the coast of west Africa to the Caribbean Sea and the Gulf of Mexico, climate change is warming the temperature of the ocean. Seas are also becoming more acidic as water absorbs carbon dioxide. This all results in more intense growth of sargassum in the tropical Atlantic.

    Small Caribbean nations are among the hardest hit. With 20 million tonnes of this seaweed washing up on the beaches in 2024, sargassum is fuelling an economic and public health crisis.

    The piles of noxious seaweed on the Caribbean islands’ white sandy beaches are putting off visitors to these islands and probably dampening tourism revenues.


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    The fishing sector is also suffering, with blooms of seaweed getting caught up in fishing nets, often ripping them due to the weight of the seaweed. This makes it hard for fishers to catch fish and make a living.

    The sheer volume of sargassum left to decompose on land produces toxic fumes that have forced people on islands like Guadeloupe to leave their homes. These toxic fumes have been linked to serious health issues including respiratory infections, sleep apnoea and even preeclampsia (high blood pressure during pregnancy).

    The sargassum problem is just one of many slow-onset events that are being exacerbated by climate change. But gradual changes get much less attention or resources to address the consequences than, say, alarming wildfires or flash floods.

    Slow-onset events are also much harder to quantify than climate-change-induced extreme weather, such as worsening hurricanes or floods. Our team at ODI Global, a thinktank, recently published a study that estimated the cost of these at US$2,000 (£1,500) per person. Calculating the tourism lost each year due to seaweed inundation is trickier.




    Read more:
    Extreme weather has already cost vulnerable island nations US$141 billion – or about US$2,000 per person


    Despite these challenges, through small-scale, locally developed solutions, as well as government policies that support small businesses including helping them access climate finance, entrepreneurs can find sustainable solutions to help their populations thrive in an era of climate change.

    Legena Henry, a lecturer at the University of the West Indies in Barbados, uses sargassum to produce a biofuel that can power cars. Johanan Dujon, the founder and chief executive of St. Lucia-based Algas Organics sells plant tonics made from sargassum and is trialling methods to convert sargassum into paper.

    Meanwhile, other innovations are helping to minimise the impacts of sargassum in the region.

    Andrés León, founder of SOS Carbon, a spin-off organisation from the mechanical engineering department at the Massachusetts Institute of Technology, has designed a boat-based harvester to collect sargassum at sea to stop it from beaching and causing damage onshore.

    Some islands, such as Jamaica, are using early warning systems, typically used to predict hurricanes, to predict the ocean currents that might bring a bumper arrival of the seaweed to their shores. This could give fishers up to 30 days notice of just how bad the inundation will be.

    Barriers to scale up

    But while small businesses are emerging, turning them into larger enterprises across the region remains difficult. As usual, small island nations struggle to get funding because investors think the projects are too small and won’t make enough money.

    As Legena Henry recently told us on the Small Island Big Picture podcast, spending a few million dollars (as opposed to a few hundred million dollars) can feel administratively cumbersome for funders as they often have limited administrative capacity and large sums of money to manage.

    Another issue is ensuring the benefits from any sargassum solutions flow into the affected Caribbean islands to support local growth and economic development.

    Several opportunities exist for small island nations to generate some income from sargassum. They could, for example, sell licences to permit companies to harvest sargassum within their exclusive economic zones, which can stretch around many islands for hundreds of nautical miles.

    They can also sell licences to businesses trialling or operating new sargassum technologies within their exclusive economic zones — for example, SOS Carbon has a patent pending for technology designed to sink sargassum to the seabed to store carbon.

    Will sargassum continue to be a nuisance, or could it be an important renewable natural resource? It’s not yet clear.

    Ideally, as with other renewable natural resources in developing countries, small island nations that own the sargassum need to find ways to extract a fair share of the value from that ownership, as well as selling to external companies that come in, remove it and profit from it.

    With tax incentives and low-cost finance for domestic innovators, small islands can manage and sell sargassum and then use the proceeds to develop climate resilience measures.


    Don’t have time to read about climate change as much as you’d like?

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    Emma Tompkins received funding for work on sargassum from the Economic and Social Research Council GCRF (Grant number: ES/T002964/1)

    Emily Wilkinson 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. How a toxic seaweed choking Caribbean beaches could become a valuable resource – https://theconversation.com/how-a-toxic-seaweed-choking-caribbean-beaches-could-become-a-valuable-resource-253874

    MIL OSI – Global Reports

  • MIL-OSI Global: Not every US president gets a free private jet, but the Gulf states have boosted US economic dominance for decades

    Source: The Conversation – UK – By Adam Hanieh, Professor of Political Economy and Global Development, Institute of Arab and Islamic Studies, University of Exeter

    After signing a US$142 billion (£107 billion) arms deal with Saudi Arabia, Donald Trump said the US bond with that country was “more powerful than ever”. He was also reportedly quite pleased with the gift of a private jet from Qatar.

    But these arrangements are just the latest developments in a long history of the Gulf monarchies supporting the architecture of American global power. And while the six Gulf states (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman) have recently started redirecting their energy and trade ties eastward, especially towards China, they remain deeply embedded in the US-led financial order.

    As I explore in my recent book, Crude Capitalism, the Gulf states were instrumental in the rise of American global economic dominance.

    With oil emerging as the dominant fossil fuel through the second half of the 20th century, the Gulf’s nationalised petroleum industries generated vast amounts of income. Much of this was invested back into the US financial markets, particularly treasury bonds (essentially a long-term loan to the US government). This gave the US access to cheap foreign capital and reinforced the global dominance of the dollar.

    Put simply, the Gulf states were not peripheral to the US’s growing financial power – they were an essential contributor.


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    This arrangement also involved a political bargain: US military protection for the Gulf monarchies in exchange for investment flows and energy stability. The result was a web of US military bases across the region and a deep alignment between authoritarian Gulf regimes and western strategic interests.

    But much has changed in the past two decades. China’s rise as a global manufacturing hub has driven a huge increase in oil consumption, shifting the direction of the Gulf’s oil exports away from the US and western Europe towards China and east Asia.

    These energy ties have been accompanied by much deeper trade interdependence and a huge increase in Chinese investments in the Gulf. In 2005, China was responsible for just 9% of the Gulf’s imports. Today, that figure is over 20%, while the US and EU’s share has fallen from 45% to 16%. China has also recently overtaken the US as the largest foreign investor in Saudi Arabia.

    From Beijing’s perspective, the Gulf is a critical energy lifeline. From the Gulf’s side, China’s continuing demand for oil, gas and petrochemicals is a vital part of its economic future.

    For the moment, that economic situation looks pretty robust. In 2024, Gulf countries held around US$800 billion in foreign reserves (foreign currencies and other assets), which is more than India or Switzerland. Their sovereign wealth funds (a state owned investment fund) manage another US$4.9 trillion of assets.

    Private wealth, including that held by ruling families, stood at US$2.8 trillion in 2022, and is expected to reach US$3.5 trillion by 2027.

    Much of this money is invested domestically, in sectors including infrastructure, real estate and renewable energy. But an astonishing amount flows directly into US markets.

    Oil be back

    According to US Treasury data, total Gulf holdings of American securities (bonds, stocks and corporate debt) rose from US$611 billion in 2017 to over US$1 trillion in 2024. Outside of Canada and financial hubs like London and Ireland, the Gulf is now the largest foreign investor in the US stock market.

    Another route through which Gulf wealth flows back into the US is via military procurement. According to the Stockholm International Peace Research Institute, the Gulf states accounted for 22% of all global arms imports between 2019 and 2023 – more than any other region in the world.

    Riyadh, money to build.
    Kashif Hameed/Shutterstock

    The US supplies the overwhelming majority of these weapons. In this way, Gulf spending supports the American military industry, and in return, these states become more closely tied to the US military’s umbrella.

    These deep military, financial and strategic ties help explain the real focus of Trump’s visit to the Gulf. Much of the discussion will have centred on massive investment pledges made by Gulf states to the US – including Saudi Arabia’s promise to invest up to US$600 billion, and the UAE’s commitment to a US$1.4 trillion investment over ten years.

    And such pledges reflect a broader agenda which involves expanding deals in artificial intelligence, critical minerals, energy infrastructure and advanced manufacturing.

    So Trump travelling to the region is not just about private jets and spectacle. It is about the continuing relevance of a structural relationship essential to American power, and a deepening financial integration between the Gulf and the US.

    For even as the Gulf reorients its energy flows eastward, it remains deeply tied to US finance, the US military industry and US assets. In an era of weakening US global power – and the possible spectre of a deeper clash with China – this is what will define Trump’s visit.

    Adam Hanieh 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. Not every US president gets a free private jet, but the Gulf states have boosted US economic dominance for decades – https://theconversation.com/not-every-us-president-gets-a-free-private-jet-but-the-gulf-states-have-boosted-us-economic-dominance-for-decades-256655

    MIL OSI – Global Reports

  • MIL-OSI Global: How Tove Jansson used her Moomins comic strip to humorously critique the financial and creative pressures of being an artist

    Source: The Conversation – UK – By Elina Druker, Professor in Department of Culture and Aesthetics, Stockholm University

    In 1954, the Finnish artist Tove Jansson was commissioned by the Evening News in London to draw comic strips about the Moomintrolls. The strip was syndicated by hundreds of newspapers, introducing the Moomins to an international audience and marking a dramatic turning point in her career.

    Between 1954 and 1959, Tove Jansson drew 21 comics, some in collaboration with her brother Lars Jansson, who continued to draw the comic strip until 1975.

    The success of the Moomin in the Evening News brought Tove Jansson economic security and helped her with the mortgage of her studio in Helsinki. However, over time, the assignment also became a burden on her creative work – a time-consuming and demanding obligation.

    Perhaps because of this personal conflict, the comics often explore themes such as the struggle of artistic creation, the role of the artist and the value of art. Jansson had previously created humorous and satirical commentaries on the art world in various artists’ magazines in Finland, but here she places the Moomin at the heart of the creative process.

    Unlike the novels and picture books, the Moomin comic strips were created for adults and can be described as satire. Jansson uses the compact format to comment on society, including the art world. The growing conflict in her own life, between the Moomintrolls and her artwork, is brought into focus in the comic strips.


    This is part of a series of articles celebrating the 80th anniversary of the Moomins. Want to celebrate their birthday with us? Join The Conversation and a group of experts on May 23 in Bradford for a screening of Moomins on the Riviera and a discussion of the refugee experience in Tove Jansson’s work. Click here for more information and tickets.


    The theme of the purpose of art and artistic creation is playfully introduced in one of the first comic strips, Moomin and the Brigands. Here Moomin and his friend Sniff embark on a quest for fortune. They engage in several schemes, including capturing rare creatures and selling them to the zoo, marketing magic rejuvenation potions and creating modern art.

    While visiting a Hemulen (a really uptight counterpart to the Moomintrolls who love rules), Moomin and Sniff accidentally break several precious items in her home. Among the broken objects is a large statue of Rebecca at the Well, which falls from its pedestal and shatters. Rebecca at the Well is a classic biblical motif, which is often portrays a model of feminine virtue, symbolising divine guidance and exemplifying ideals of hospitality and moral character.

    The friends awkwardly attempt to reassemble the statue by gluing it together. The result is a strangely angular and expressive piece of art, referencing fragmented cubist portraits. Cubism, which emerged around 1907 to 1908, aimed to represent reality in a radically new way by bringing together subjects and figures, resulting in objects that appear fragmented and abstracted.

    Sniff immediately sees the potential of the new Rebecca. “She’s more modern now,” he exclaims joyfully. The friends carry the statue to an enthusiastic art dealer who sells it for £500 in his gallery.

    The episode with the deconstructed Rebecca is, of course, a funny caricature of the trend-sensitive art market. But the shattered statue with its intricate shapes was also a commentary on the debates about the “incomprehensible” and “obscure” nature of modernist art in Nordic countries during the time.

    The destruction of the Rebecca can also be seen as an act of iconoclasm – the breaking of icons or monuments – or rather, a parody of it. While usually associated with vandalism, here, the iconoclastic act leads to the creation of something new. This expresses a desire for renewal and a liberation from restrictive conventions. It is, however, worth noting that Rebecca retains her symbol of virtue – the water jug – even after this pivotal encounter.

    Drawing on the work of French philosopher and anthropologist Bruno Latour, iconoclasm can be understood as both destructive and constructive – an ambiguity that also applies to Jansson’s interpretation of the motif.

    Later in the story, the money offered by the modernist Rebecca lures Moomin to the field of the arts. For a brief moment, he assumes the role of a painter and wholeheartedly embodies the romanticised ideal of the poor, misunderstood artist.

    Moomin dons a Rembrandtian black velvet beret, but despite this, appears lost and bewildered in his new role, muttering: “I only want to live in peace and plant potatoes and dream!”

    In a scene of self-parodying metafiction, he is blinded by his oversized beret and ends up tumbling down a cliff, abruptly ending his artistic career.

    Tove Jansson’s Moomin comic strips for the Evening News use satire to explore artistic creation, the role of the artist, and the art world.

    Through Moomintroll’s and Sniff’s pursuit of fame and fortune via the accidental modernist deconstruction of Rebecca, Jansson satirises romantic notions of the artist, the commercialisation of art and the professions surrounding artistic production. These themes are deeply connected to Jansson’s own experiences as an artist and author, constantly balancing between various professional and artistic demands, between children’s books, public obligations and painting.

    Elina Druker is employed as a professor and researcher at Stockholm University, Sweden.

    ref. How Tove Jansson used her Moomins comic strip to humorously critique the financial and creative pressures of being an artist – https://theconversation.com/how-tove-jansson-used-her-moomins-comic-strip-to-humorously-critique-the-financial-and-creative-pressures-of-being-an-artist-256287

    MIL OSI – Global Reports

  • MIL-OSI Global: Why walking may be the key to a long and healthy life

    Source: The Conversation – UK – By Thomas E. Yates, Professor of Physical Activity, Sedentary Behaviour and Health, Diabetes Research Centre, University of Leicester

    PeopleImages.com – Yuri A/Shutterstock

    Throughout history, few things have inspired as much quackery as the pills, potions and promises to slow ageing, boost vitality, or extend life. Yet, amid the hype and hollow claims, a few golden truths remain. As far back as 400 BC, Hippocrates, widely considered the father of modern medicine, famously said, “Walking is man’s best medicine.” More than two millennia later, science is finally catching up with that wisdom.

    People who walk more than 8,000 steps a day reduce their risk of premature death by half, compared to those who walk fewer than 5,000 steps – the threshold for a sedentary lifestyle. But beyond 8,000 steps, the benefits tend to plateau, which challenges the long-held belief in the magic of 10,000 steps a day.

    In fact, that benchmark wasn’t born of science, but of marketing. The 10,000-step goal originated from a 1960s Japanese advertising campaign for the world’s first commercial pedometer called the manpo-kei, which literally translates to “10,000 steps meter”.


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    Lately, researchers have been exploring a simple but important question: does every step count the same, or can walking faster — at a brisk pace of more than 100 steps a minute, or around three to four miles per hour — actually give you more health benefits?

    For ageing and heart health there is mounting evidence that pace really matters. Simply converting a 14-minute daily stroll into a seven-minute brisk walk has been associated with a 14% reduction in heart disease.

    An analysis of more than 450,000 adults in the UK used a genetic marker of biological age to reveal that by middle age, a lifetime of brisk walking reduces biological age by up to 16 years compared to a lifetime of slow walking.

    A follow-up study suggested it is never to late to benefit from brisk walking. An inactive 60-year woman or man was modelled to gain around an additional year of life expectancy through simply introducing a ten minute brisk walk into their daily routine.

    The power of brisk walking can also be seen in its ability to predict future health outcomes. It has been shown to be a stronger predictor of the risk of dying from heart disease than traditional predictors such as blood pressure and cholesterol, while also being a more powerful predictor than many other measures of lifestyle – including diet, obesity levels, and total physical activity.

    In fact, perhaps the single most informative question a doctor could ask their patient is: “How fast is your walking pace in comparison to other people?”

    Halo of benefits

    But brisk walking may not provide additional benefits for all outcomes or in all contexts. For example, the benefit of brisk walking over light-intensity walking in lowering cancer risk is less certain.

    A recent study suggested that although total walking was associated with reduction in 13 different types of cancers, there was no added value from brisk walking. Breaking prolonged sitting with light-intensity pottering around has also been shown to have profound impacts on metabolic effects.

    Importantly, walking has a halo of benefits beyond physical health. It can help with brain activity, doubling creative idea production. Indeed, the systems in the brain that support memory and imagination are also the same as those activated during whole body movement.

    Many of us already harness this very phenomenon, using walking to mull over problems and arrive at solutions or insights that would otherwise remain elusive. Context is also important here, with the mental health and cognitive benefits of walking thought to be enhanced when walking through nature.

    So called “nature prescriptions” for clinical populations have harnessed these principles to increase walking activity and improving both mental and physical health.

    Physical inactivity is a major driver of the modern epidemic of long-term conditions, such as diabetes and heart disease, that are now observed in industrialised and developing economies alike. It has been estimated that 3.9 million premature deaths could be averted annually through targeting physical inactivity.

    However, instead of prevention, medical systems are largely based on management – people get ill and are then prescribed medicines to treat the illness. On average it takes $1 billion to bring a new drug to market which, despite these research and development costs, still go on to generate sizeable profits for shareholders showing the scale of the health economy.

    If just a fraction of these costs were diverted into public health initiatives aimed at increasing walking and physical activity opportunities for all, the need for an ever more sophisticated medical management ecosphere may retreat.

    In short, when searching for the elixir of life, you could do worse than looking down at your feet.

    Prof Yates receives funding from the The National Institute for Health and Care Research (NIHR) Leicester Biomedical Research Centre

    ref. Why walking may be the key to a long and healthy life – https://theconversation.com/why-walking-may-be-the-key-to-a-long-and-healthy-life-255655

    MIL OSI – Global Reports

  • MIL-OSI United Nations: 15 May 2025 News release WHO warns of slowing global health gains in new statistics report

    Source: World Health Organisation

    WHO published its World health statistics report 2025, revealing the deeper health impacts caused by the COVID-19 pandemic on loss of lives, longevity and overall health and well-being. In just two years, between 2019 and 2021, global life expectancy fell by 1.8 years—the largest drop in recent history— reversing a decade of health gains. Increased levels of anxiety and depression linked to COVID-19 reduced global healthy life expectancy by 6 weeks—erasing most of the gains made from lower mortality due to noncommunicable diseases (NCDs) during the same period.

    The report also summarizes global data on progress towards WHO’s triple billion targets, revealing impacts of not just the pandemic shock but also a longer trend of slowing progress starting before the pandemic, followed by a slower recovery since. WHO warns that overall progress is under threat and urgent global action is needed to get back on track.

    “Behind every data point is a person—a child who didn’t reach their fifth birthday, a mother lost in childbirth, a life cut short by a preventable disease,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “These are avoidable tragedies. They point to critical gaps in access, protection, and investment—especially for women and girls. Health progress is slowing. Every government has a responsibility to act, with urgency, commitment, and accountability to the people they serve.”

    Health progress and setbacks

    The World health statistics 2025 report presents mixed progress towards WHO’s Triple Billion targets. An estimated 1.4 billion more people were living healthier by the end of 2024, surpassing the 1 billion target. The progress in healthier lives was driven by reduction in tobacco use, improved air quality and better access to water, hygiene, and sanitation. But progress towards increased coverage of essential health services and protection from emergencies lagged; only 431 million more people gained access to essential health services without financial hardship, and close to 637 million more people were better protected from health emergencies.

    Maternal and child deaths are not falling fast enough to reach global targets. Progress has stalled, putting millions of lives at risk. This slowdown follows two decades of remarkable gains: between 2000 and 2023, maternal deaths dropped by over 40% and child deaths under 5 years of age more than halved. But underinvestment in primary health care, shortages of skilled health workers, and gaps in services like immunization and safe childbirth are now holding countries back.

    Without urgent course correction to meet the 2030 targets, the world risks losing the chance to prevent an additional 700 000 maternal deaths and 8 million under-5 deaths between 2024 and 2030.

    Chronic diseases leading to more loss of lives

    Premature deaths from NCDs—such as heart disease, stroke, diabetes, and cancer—are rising, driven by population growth and aging, and now account for most deaths among people under the age of 70, worldwide. The world is currently off track to reduce NCD premature mortality by one-third by 2030. Progress has been possible where governments and civil society have committed to action: tobacco use is declining, and global alcohol consumption dropped from 5.7 to 5.0 litres per capita between 2010 and 2022. Air pollution remains one of the top causes of preventable death worldwide. The impact of poor mental health continues to hold back progress.

    Recovery in essential health services remains incomplete. A shortfall of 11.1 million health workers is still projected by 2030, with nearly 70% of the gap concentrated in the WHO African and Eastern Mediterranean regions.

    “Strong health systems rely on strong health information. Timely, trusted data drives better decisions and faster results,” said Dr Haidong Wang, WHO Unit Head for Health Data and Analytics. “WHO is supporting countries through the SCORE strategy to strengthen health information systems, and through the World Health Data Hub, which is helping to standardize, improve, and unlock the value of data across countries and systems.”

    Uneven progress on infectious diseases

    HIV and TB incidence rates are falling, and fewer people need treatment for neglected tropical diseases. But malaria has been resurging since 2015, and antimicrobial resistance remains a public health challenge. In 2023, childhood vaccination coverage—including third dose diphtheria-pertussis-tetanus containing vaccine (DTP3)—had not returned to pre-pandemic levels. Many countries are also falling behind in addressing foundational health risks—such as malnutrition, air pollution, and unsafe living conditions.

    Recent disruptions in international aid further threaten to destabilize progress, particularly in countries with the greatest health-care needs. Sustained and predictable financing—from both domestic and international sources—is urgently needed to protect hard-won gains and respond to rising threats.

    “This report shows that the world is failing its health checkup. But countries have shown that rapid progress is possible,” said Dr Samira Asma, WHO Assistant Director-General for Data, Analytics and Delivery for Impact. “Together, we can achieve a world where data is timelier and more accurate, programmes improve continuously, and premature deaths become rare. With speed, scale, and smart investments, every country can deliver measurable gains.”

    Editors’ note: The World health statistics report is WHO’s annual compilation of the most recent available data on health and health-related indicators. For inquiries, contact healthstat@who.int

    MIL OSI United Nations News

  • MIL-OSI USA: Magaziner, Bipartisan Colleagues Take House Floor to Call for Ban on Congressional Stock Trading

    Source: US Representative Seth Magaziner (RI-02)

    WASHINGTON, DC — U.S. Rep. Seth Magaziner (RI-02) and more than a dozen colleagues from both parties took to the House floor Tuesday evening to call for an immediate vote to ban members of Congress from trading individual stocks.

    Magaziner is the lead sponsor of the Transparent Representation Upholding Service and Trust (TRUST) in Congress Act, the most widely supported bipartisan bill in Congress aimed at ending insider trading by lawmakers. He and a coalition of Democrats and Republicans urged Congressional leadership to bring to a vote to confront the issue as soon as possible.

    Their call to action came the same day that Speaker Mike Johnson indicated his support for a stock trading ban. House Democratic Leader Hakeem Jeffries recently  endorsed the idea as well, marking the first time a Congressional leader in either party publicly supported a ban and signaling new momentum for the issue.

    “When people elect us to office, they should be able to trust that their members of Congress are acting in the best interest of the country, not the best interest of their own personal finances. And when members of Congress are able to trade off of our position, it damages the integrity of this institution and of our entire democracy,” said Magaziner during his opening remarks. 

    Magaziner was joined by: Rep. Chip Roy (TX-21), Joe Neguse (CO-02), Mike Levin (CA-49), Tim Burchett (TN-02), Jerrold Nadler (NY-12), Rob Bresnahan (PA-08) Melanie Stansbury (NM-01), Cory Mills (FL-07), Emanuel Cleaver, II (MO-05), Mark Alford (MO-04), Chris Deluzio (PA-17), Young Kim (CA-40), Ilhan Omar (MN-05), Yassamin Ansari (AZ-03).

    A clip of Magaziner’s opening remarks is available here. A full recording of the Special Order Hour is available here.

    BACKGROUND

    Magaziner and Rep. Chip Roy (R-Texas) introduced the TRUST in Congress Act to restore public confidence in government and reduce the potential for insider trading. The bill would require members of Congress, their spouses, and dependent children to either divest from individual stock holdings or place their assets in a qualified blind trust during their time in office.

    Public polling shows overwhelming bipartisan support for the measure. A national survey conducted by Navigator Research found that 89% of Democrats, 92% of Republicans, and 90% of independents support banning congressional stock trading.

    MIL OSI USA News

  • MIL-OSI USA: Luján, Colleagues Introduce Bipartisan Bill to Combat Devastating Screwworm Outbreak

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    Legislation Would Create Facility to Curb New World Screwworm Population Growth

    Washington, D.C. – U.S. Senators Ben Ray Luján (D-N.M.) and John Cornyn (R-Texas) introduced the Bipartisan Strengthening Tactics to Obstruct the Population of Screwworms (STOP Screwworms) Act, which wouldauthorize funds for and direct the U.S. Department of Agriculture (USDA) to begin construction on a new sterile fly production facility to combat the growing New World screwworm (NWS) outbreak that threatens to wreak havoc on the American cattle industry. Additional cosponsors of this legislation include Senators Martin Heinrich (D-N.M.), Ted Cruz (R-Texas), and Cindy Hyde-Smith (R-Miss.). Congressman Tony Gonzales (R-Texas) was the lead sponsor of the House version.  

    “Given the current screwworm outbreak, Congress must take immediate action to help protect New Mexico’s cattle and livestock from this growing threat,” said Senator Luján, a member of the Senate Committee on Agriculture, Nutrition, and Forestry. “This bipartisan legislation will fund a new sterile fly facility to help stop the spread of the destructive New World screwworm and protect New Mexico’s 1.4 million cattle and calves. This is a critical investment that supports over 10,000 cattle farms and ranches in New Mexico, saves the U.S. livestock industry nearly $1 billion each year, and helps prevent an outbreak in the U.S.”

    “Combatting the destructive New World screwworm is vital to protecting our cattle, Texas producers, and the American livestock industry as a whole,” said Senator Cornyn. “I am proud to lead this legislation to create a new facility dedicated to pushing these pests away from our border and will continue to work with Secretary Rollins and agriculture leaders across the state to ensure our farmers, ranchers, and producers have the resources they need.” 

    “The New World Screwworm poses a growing threat to New Mexico livestock, jeopardizing ranchers’ livelihoods, and putting our food supply at risk.  I’m proud to join Senators Cornyn and Luján to introduce bipartisan legislation that will help us tackle this problem now and prevent outbreaks in the future,” said Senator Heinrich, a member of the Senate Appropriations Subcommittee on Agriculture, Rural Development, and the Food and Drug Administration.”  

    “Texas agriculture and livestock are a core part of the Texas economy, and they feed America and the world,” said Senator Cruz. “I’m working daily with Secretary Rollins, Texas authorities, and my colleagues in Congress to safeguard Texas from threats including the New World Screwworm, and pushing Mexico to implement their commitments to eradication. This bill will advance those efforts, and Congress should pass it.”

    “Ag producers across America are sounding the alarm—the New World Screwworm is making a comeback, and our livestock industry is in real danger. We need to fully eradicate this pest before it’s too late,” said Rep. Gonzales. “The STOP Screwworms Act provides dedicated resources to do just that. By authorizing the construction of a new sterile fly facility in the United States, we reduce our dependence on Latin American partners for eradication efforts and take matters into our own hands.”

    “The recent screwworm outbreak is deeply concerning, and without immediate action and adequate preparation, the consequences for New Mexico’s cattle and livestock industries could be devastating,” said Larry Reagan, New Mexico Farm and Livestock Bureau President. “This legislation is a critical step in ensuring the nation is prepared to respond effectively and New Mexico’s farmers and ranchers are protected.”

    Background:

    The New World screwworm (NWS) is a parasitic fly whose larvae feed on livestock, wildlife, and in rare cases, humans, and populations are moving toward the United States at an alarming rate. They can cause serious damage to their host, including death. This week, the USDA announced the suspension of live cattle, horse, and bison imports through the southern border in response to the growing spread of the NWS and recent outbreaks in Mexico.

    This new facility would produce sterile male screwworm flies that would be released into infested areas to help combat the growth of the screwworm population. The sterile fly technique was instrumental in eradicating NWS from the United States in the 1960s and from Mexico in the ‘90s, as sterile male flies can outcompete local populations and effectively wipe out an entire generation of screwworms in a given area.

    This legislation is endorsed by the American Farm Bureau Federation, the New Mexico Farm and Livestock Bureau, the Texas Farm Bureau, the Texas Cattle Feeders Association, the Texas and Southwestern Cattle Raisers Association, and the South Texans’ Property Rights Association. 

    Full bill text is available here.

    MIL OSI USA News

  • MIL-OSI Canada: Competition Bureau’s 2025-2026 Annual Plan outlines vision in face of economic and technological change

    Source: Government of Canada News

    May 15, 2025 – GATINEAU (Québec), Competition Bureau

    The Competition Bureau has published its 2025-2026 Annual Plan ꟷ Strengthening competition in a changing economy. It outlines the Bureau’s plans as the country faces rapid shifts in trade, market dynamics and technology.

    Important changes to the Competition Act have strengthened the Bureau’s ability to protect and promote competition. In the coming year, the Bureau will continue to build on the strong foundation laid by these legislative changes, with a focus on the digital economy and sectors that most directly impact Canadians. 

    In 2025-2026, the Bureau will:

    • Use all available tools to prevent, identify, and address anti-competitive activity, with a focus on sectors of the economy that matter to Canadians.
    • Encourage decision-makers to adopt pro-competitive policies that drive economic growth.
    • Create and deepen its international and domestic relationships.
    • Increase its outreach and promotion efforts to reach a wider audience of consumers and businesses.
    • Ensure it has the tools and expertise needed to keep up with new business practices, enforcement strategies, and technologies.

    These efforts will advance the Bureau’s Strategic Vision to become a world-leading competition agency that is at the forefront of the digital economy and champions a culture of competition for Canada.

    MIL OSI Canada News

  • MIL-OSI: Michael Sandin Appointed Interim CFO of Serstech

    Source: GlobeNewswire (MIL-OSI)

    Serstech’s Chief Financial Officer, Simon Persson, will be on parental leave from June 1 to October 31, 2025. During this period, Michael Sandin will assume the role of interim CFO.

    Michael Sandin brings over 30 years of experience in finance, including roles as an accountant and as CEO of Outbrave Finance, based in Malmö. Michael has a degree in finance from Lund University in Sweden.

    “We are pleased to welcome Michael to the Serstech team during Simon’s temporary leave. His extensive experience will ensure continued financial leadership and stability during this period,” says Stefan Sandor, CEO of Serstech.

    For further information, please contact:
    Stefan Sandor,
    CEO, Serstech AB

    Phone: +46 739 606 067
    Email: ss@serstech.com

    or

    Thomas Pileby,
    Chairman of the Board, Serstech AB

    Phone: +46 702 072 643
    Email: tp@serstech.com
    or visit: www.serstech.com

    Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning AB (SKMG).

    About Serstech

    Serstech delivers solutions for chemical identification and has customers around the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech’s head office is in Sweden and all production is done in Sweden.

    Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com

    The MIL Network

  • MIL-OSI: Baltic Horizon Fund publishes its NAV for April 2025

    Source: GlobeNewswire (MIL-OSI)

    The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) decreased to EUR 0.6740 at the end of April 2025 (0.6769 as of 31 March 2025). The month-end total net asset value of the Fund was EUR 96.8 million (EUR 97.2 million as of 31 March 2025). A minor NAV decline stemmed from the decrease in fair value of the derivative financial instruments and expenses incurred due to the early partial bond redemption. The EPRA NRV as of 30 April 2025 stood at EUR 0.7200 per unit.

    In April 2025, the consolidated net rental income of the Fund remained at the same level, amounting to EUR 1.0 million (EUR 1.0 million in March 2025).

    At the end of April 2025, the Fund’s consolidated cash and cash equivalents amounted to EUR 8.2 million (31 March 2025: EUR 12.8 million). As of 30 April 2025, the total consolidated assets of the Fund were EUR 239.0 million (31 March 2025: EUR 243.2 million). The decrease is mainly related to early partial redemption of the bonds on 10 April 2025 in the amount of EUR 3 million.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, FacebookX and YouTube.

    The MIL Network

  • MIL-OSI: SpyCloud Appoints Brad Rouse as Chief Revenue Officer Amid Growing Demand for Identity Threat Protection

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 15, 2025 (GLOBE NEWSWIRE) — SpyCloud, the leader in identity threat protection, today announced the appointment of Brad Rouse as Chief Revenue Officer (CRO). In this role, he leads SpyCloud’s global sales, partnerships, and customer success teams as the company scales its go-to-market efforts to meet surging demand for proactive threat remediation solutions.

    With more than 30 years of experience in technology sales and executive leadership, Brad brings a track record of building high-performing revenue organizations and delivering customer-centric security solutions. His leadership will play a key role in expanding SpyCloud’s global footprint and strengthening customer relationships as organizations face increasingly complex identity-based threats.

    “Brad’s expertise in scaling revenue teams and navigating the enterprise security landscape is a tremendous asset,” said Ted Ross, CEO and co-founder of SpyCloud. “As cybercriminals shift tactics and target the holistic identity, Brad’s leadership will help us deliver our differentiated approach to a broader audience and empower more businesses to take proactive steps against ransomware, account takeover, and online fraud.”

    Brad joins SpyCloud from Protegrity, where he served as CRO, where he oversaw global sales, customer success, support, and professional services. He has also held senior leadership roles at Entrust, Gemalto, Ping Identity, and IBM, helping to drive transformational growth and deepen enterprise customer engagement.

    In his new role, Brad oversees SpyCloud’s enterprise, mid-market, and Federal sales teams – as well as the channel, tech alliances, and customer success functions, which serve 700+ customers and partners around the globe.

    “SpyCloud’s mission to disrupt cybercrime by turning exposed identity data into a company’s best defense is not only compelling – it’s critical,” explained Brad Rouse, CRO of SpyCloud. “I’m excited to join a team that’s leading identity security innovation, and look forward to helping more organizations prevent devastating cyberattacks.”

    Brad’s appointment follows recent product innovations that reinforce SpyCloud’s leadership in transforming recaptured data – sourced from breaches, malware infections, and phishing attacks – into automated, holistic identity threat protection solutions. SpyCloud’s products enable security, identity, and fraud prevention to prevent, remediate, and investigate identity threats – acting on exposed credentials, session cookies, and financial data before it’s exploited.

    About SpyCloud

    SpyCloud transforms recaptured darknet data to disrupt cybercrime. Its automated identity threat protection solutions leverage advanced analytics to proactively prevent ransomware and account takeover, safeguard employee and consumer accounts, and accelerate cybercrime investigations. SpyCloud’s data from breaches, malware-infected devices, and successful phishes also powers many popular dark web monitoring and identity theft protection offerings. Customers include seven of the Fortune 10, along with hundreds of global enterprises, mid-sized companies, and government agencies worldwide. Headquartered in Austin, TX, SpyCloud is home to more than 200 cybersecurity experts whose mission is to protect businesses and consumers from the stolen identity data criminals are using to target them now.

    To learn more and see insights on your company’s exposed data, visit spycloud.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8c0f0a07-120c-4c44-a6e7-08559687112d

    The MIL Network

  • MIL-OSI: No KYC. 100x Leverage. Double Deposit Bonus. Crypto Futures Trading Made Easy on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) — With the price of Bitcoin fluctuating above $100,000, many analysts are predicting a prolonged period of high volatility in the cryptocurrency market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33a2f92a-19d5-458b-9591-7d22ecb524df

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5b8f4756-81a9-422d-89a0-52bf94338f93

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cef19994-896c-42eb-9e8e-7ff269e9bd2f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ff556d3d-4f48-4d4d-909d-21f25e3f2dfe

    The MIL Network

  • MIL-OSI: Aircela Unveils Machine That Turns Air into Fossil-Free Gasoline

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) — Aircela, a New York-based fuels company, has developed a compact machine designed to turn air, water, and renewable electricity into real, engine-ready gasoline—without fossil inputs. Built for off-grid and distributed use, the machine captures CO₂ directly from the atmosphere and synthesizes it into clean fuel that works in any standard engine, with no modifications required.

    “We didn’t build a prototype. We built a working machine,” said Eric Dahlgren, co-founder and CEO of Aircela. “We want people to walk away knowing this isn’t too good to be true—it actually works.”

    The fully operational machine will be publicly demonstrated for the first time on May 20, producing gasoline on-site and in real time. The fuel is free of sulfur, heavy metals, and ethanol, and fully compatible with today’s engines and infrastructure.

    The technology builds on decades of research by Dr. Klaus Lackner, a physicist who pioneered the concept of direct air capture in the early 2000s. He will join Aircela’s unveiling to walk attendees through the technology—bringing his long-held vision for climate-ready fuels into real-world form.

    With over 90% of vehicles worldwide still running on fossil fuels, Aircela offers a practical path to decarbonize transportation—without requiring new infrastructure, new vehicles, or changes in driver behavior.

    Backed by Chris Larsen (founder of Ripple), Jeff Ubben (activist investor and ExxonMobil board member), and global shipping leader Maersk, Aircela has attracted support from across climate finance and transportation. The company plans to begin scaling production later this summer to support residential, commercial, and industrial deployments.

    About Aircela
    Aircela makes modular machines that produce fossil-free, engine-ready gasoline from air, water, and renewable electricity. Designed for flexible deployment and drop-in compatibility, Aircela’s technology offers a practical alternative to fossil fuels—without requiring new vehicles, new infrastructure, or new habits.

    The company was founded in 2019 by Mia Dahlgren and Eric Dahlgren, and is backed by Chris Larsen (founder of Ripple), Jeff Ubben (investor and activist board member of ExxonMobil), and global shipping leader Maersk.

    Media Contact:
    Nora Abramov
    Head of Communications, Aircela
    nora@aircela.com | www.aircela.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8a4f0ce-4b55-4a3e-b2a2-a9425a5e1f5a

    The MIL Network

  • MIL-OSI United Kingdom: Supporting customers through their application journey

    Source: United Kingdom – Executive Government & Departments

    News story

    Supporting customers through their application journey

    Steven Darling, Customer Experience Director, explains SLC’s approach to supporting customers.

    SLC has more than nine million customers which includes new and returning students as well as customers who are now repaying their loans – and this number grows every year.

    Around 1.5 million applications are submitted annually by students for tuition fees and maintenance loans to support their academic aspirations – (there are also more specific loans and grants available, including Parents’ Learning Allowance and Disabled Students’ Allowance for eligible students) – so it’s easy to see how our business has continued to grow over the last 30+ years.

    With this evolution comes opportunities as well as challenges, especially against a backdrop of changes in consumer behaviour and the monumental shift to digital technologies that has far advanced anything we could have imagined when SLC was in its infancy.

    SLC’s digital services are amongst the most frequently used in the public sector. Between our ‘Apply for Student Finance’ and ‘Manage my balance’ digital services, we handle around 75m interactions every year, which equates to roughly 94% of all our customer interactions. The vast majority of our customers expect their experience with SLC to be entirely digital and just as good as the experiences they have with organisations in the private sector – easy, fast and with minimal effort.

    Meeting these expectations and delivering improvements to our digital services is a significant piece of work and will take time. But I am pleased to say, we are making progress.

    Central to these improvements is enabling our customers to fully self-serve in their online accounts and more services are being added regularly– for example our digital refund service launched last year with customers now being able to request a refund online, if their earnings are below the annual threshold.  

    Our customers also want features within their online account to support them through a self-serve experience. This is why we have created a range of self-help tools including our application tracker and virtual assistant, as well as common question articles to support customers with any questions that they may have.

    Unlike other application processes that students may have encountered through a bank or mobile provider, it can take around six to eight weeks for a student finance application to be processed and approved. This is because most students apply at the same time each year and a range of checks need to be undertaken to verify customer details, as well as ensure the eligibility criteria is met.

    SLC is striving to deliver a fast and seamless experience, but sometimes those processes and checks happening in the background can prolong the length of time it takes for a customer’s application to progress through its journey.

    We also understand this can be an anxious wait for customers and our online application status tracker is designed to keep customers fully informed of progress and any actions they need to complete to progress through their journey.

    Most of the interactions our customers have with us happen online, and more and more customers are getting updates and tracking their progress there, SLC can devote even more effort to processing applications and getting customer accounts ‘ready to pay’ in time for term start.

    But we are always here to support our customers, and we’ve recently aligned our customer contact teams across our business to provide a more streamlined experience and expanded our Live Chat team. Our Live Chat service is available to customers through their online account and is a fast alternative to calling.

    We are heading into our busiest period. Exams will soon be over, and customers will start to look at the university to-do list which is where student finance usually comes to the forefront. This is why we’ve been reminding and encouraging customers to get ahead and apply for student finance asap.

    SLC data showed that 45% of applications were received after the application deadline last year, but applying before the deadline (16 May 2025) is the best way to ensure that funding is in place for the start of the 25/26 academic year. Customers can apply even if they don’t have a confirmed place at university or college (read all of our top tips here) and we’ve already received 630,000 applications since we opened our application window earlier this year, and our Customer Operations team have more in the ‘ready to pay’ status than ever before, which is encouraging.

    So, with the application deadline approaching, I would encourage students to make sure their student finance application is in and sit back and let us handle the rest.

    Updates to this page

    Published 15 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Immigration white paper

    Source: United Kingdom – Executive Government & Departments 3

    Oral statement to Parliament

    Immigration white paper

    The Home Secretary gave an oral statement to the House of Commons on 12 May to introduce the ‘Restoring Control over the Immigration System’ white paper.

    Madam Deputy Speaker, with your permission, I will make a statement on the government’s white paper on Restoring Control over the Immigration System.

    Five months ago, the figures were published that showed net migration had reached a record high of more than 900,000 under the last government – a figure that had quadrupled in the space of just 4 years.

    It was the consequence of specific government choices made from 2020 onwards, including introducing what was effectively a free market experiment on immigration – encouraging employers to recruit from abroad, loosening controls in different areas but without any requirement to tackle skills and labour shortages here at home. Choices which undermined the immigration system and the economy too.

    This government is making very different choices. We made clear at that time, just as we had set out in our manifesto, this government would restore order and control to the immigration system, bringing net migration substantially down but also boosting skills and training here at home.

    The white paper we are publishing today does exactly that and it is built on 5 core principles.

    First, that net migration must come down so the system is properly managed and controlled.

    Second, that the immigration system must be linked to skills and training here in the UK, so that no industry is allowed to rely solely on immigration to fill its skills shortages. 

    Third, that the system must be fair and effective, with clearer rules in areas like respect for family life, to prevent perverse outcomes that undermine public confidence.

    Fourth, that the rules must be respected and enforced – including tackling illegal and irregular migration and deporting foreign criminals.

    And finally, that the system must support integration and community cohesion, including new rules on the ability to speak English and the contribution that people can bring to the UK.

    The United Kingdom is an interconnected and outward-looking nation. Our history and our geography mean that, for generations, British people have travelled overseas to live and work, and people have come to the UK to study, work, invest or seek refuge. And British citizens draw on heritage from all over the world and that has made us the country we are today.

    Through many years our country has been strengthened by those who have come here to contribute – from the doctors in our NHS to the entrepreneurs founding some of our biggest businesses to those who came through generations to work in jobs from coal mining to caring for our loved ones to serving in our armed forces. People often coming to do some of the most difficult jobs of all.

    Our trading nation, global leading universities and strong historic international connections mean that migration will always be part of our country’s future as well as our past.

    But that is exactly why immigration needs to be properly controlled and managed. It hasn’t been.

    Overseas recruitment shot up while training in the UK was cut.

    Lower skilled migration soared while the proportion of UK residents in work plummeted.

    In 2019 10% of skilled work visas went to non-graduate jobs; by 2024 that had risen to 60%.

    Employers were even given a 20% wage discount if they recruited for shortage jobs from abroad – actively discouraging them from paying the going rate or training here at home.

    Education institutions were allowed to substantially expand the number of overseas students without proper compliance checks.

    Social care providers were encouraged to recruit from abroad with no proper regulation.

    So we saw a serious increase in exploitation – deeply damaging for those who came to work here in good faith, and also for other workers and responsible companies who were being undercut.

    The rules and laws that are supposed to the immigration system were too often ignored.

    By 2024, returns of people with no right to be in the UK were down over a third compared to 2010.  

    And, of course, criminal gangs were allowed to build an entire smuggling industry along our borders, undermining security and creating a crisis in the asylum system.

    Madam Deputy Speaker, later this year we will set out further reforms on asylum and border security, and on tackling illegal and irregular migration, building on the new counter-terrorism powers in the Border Security, Asylum and Immigration Bill before the House this evening, because no one should be making these dangerous crossings on small boats.

    But this white paper sets out how we restore that control to the legal migration system so it is sustainable, fair and works for the UK.

    First, we are overhauling the approach to labour market policy so for the first time we properly link the immigration system to skills and training here in the UK.

    So that where there are skills or labour shortages in the UK, immigration should not always be the answer to which employers turn. Because that long-term failure to tackle skills shortages, to bring in proper workforce planning, to get UK residents back into work, or to improve pay, terms and conditions here at home is bad for our economy as well as for the immigration system because it undermines our productivity and growth.

    So we will lift the threshold for skilled worker visas back to graduate level and above, removing up to 180 different jobs from the list, increasing salary thresholds.

    Access to the points-based system for lower-skilled jobs will be limited to areas on a new temporary shortage list, including jobs which are critical to the industrial strategy, but access will be time-limited. There must be a domestic workforce strategy in place, and employers must be acting to increase domestic recruitment.

    We will expect workforce strategies to be drawn up more widely in other higher-skilled areas too where there is overreliance on recruitment from abroad.

    To support that work we will establish the new Labour Market Evidence Group, bringing together skills bodies from England, Scotland, Wales and Northern Ireland, the Department for Work and Pensions, the Industrial Strategy Council and the Migration Advisory Committee to gather and share evidence on shortage occupations in different parts of the country and also to highlight the role that skills, training, pay and conditions and other policies can play in improving domestic recruitment, so that increased migration is never again the only answer to the shortages the economy faces.

    This new approach means we also need to act on social care.

    The introduction of the Social Care Visa led not only to a huge increase in migration but also to a shameful and deeply damaging increase in abuse and exploitation.

    When proper checks were finally brought in, 470 care providers had their licence to sponsor international staff suspended. 39,000 care workers were displaced.

    Overseas recruitment for care jobs has since dropped but it must not surge like that again. And it’s time we addressed domestic issues, including a proper fair pay agreement to show respect to people who do some of the most important jobs in the country.

    We are therefore ending overseas recruitment of care workers. It will continue to be possible to extend existing visas and to recruit displaced care workers and people already in the UK with working rights on other visas.

    Alongside the new visa controls and workforce strategies, we will also increase the immigration skills charge paid by employers who recruit from abroad by 32%. That money will be invested through the Spending Review in supporting skills and training here in the UK.

    We will ensure that Britain continues to attract the brightest and best global talent, by enhancing visa routes for very high skilled individuals, top scientific and design talent, and people with the right experience to support growth in key strategic industries.

    Madam Deputy Speaker, international students bring huge benefits to the UK – supporting our world-leading universities, bringing in top talent and investment.

    But we will strengthen compliance requirements and checks to prevent visa misuse.

    Currently, too many people on the Graduate Visa are not doing graduate jobs. So we will reduce the unrestricted period from 2 years to 18 months. Those who want to stay will need to get a graduate job on a Skilled Worker Visa so that we can ensure they are contributing to the economy.

    Just as our rules on work visas are based on the contribution we expect people to make when they come to our country, we will consult later this year on new earned settlement and citizenship rules that apply the same approach, extending the principles of the points-based system, doubling the standard qualifying period for settlement to 10 years with provisions to qualify more swiftly that take account of the contribution people have made.

    Because the ability to speak English is integral to the ability for everyone to contribute and integrate, we will introduce new, higher language requirements across a range of visa routes, for both main applicants and their dependants. So family, too, can work, integrate and contribute.

    The system for family migration has become overly complex with policies increasingly developed around case law from court decisions rather than a co-ordinated framework set out by Parliament. So we will set out a new clearer framework, to be endorsed by Parliament, including clarifying how Article 8 rules should be interpreted and applied to prevent confusion or perverse conclusions.

    We will review current community sponsorship schemes that support recognised refugees and will continue to take action against trafficking and modern slavery. And we will shortly appoint a new Windrush Commissioner to ensure that Windrush lessons continue to be learnt and the Home Office also makes sure its standards are upheld.

    But the rules must be respected and enforced across the board. So we will also bring in stronger controls where there is evidence of visa misuse. We are also rolling out e-visas and digital ID, including better use of technology to monitor when people are overstaying on their visa, or to support the increase in illegal working raids. Since the election we have increased returns and we will go further.

    Those who come to our country must abide by our laws.

    So we will develop new procedures to ensure the Home Office is informed of all foreign nationals convicted of offences – not just those who go to prison – so we can also revoke visas and remove other offenders in a wide range of crimes who are abusing our system.

    Madam Deputy Speaker, already we are reducing the number of visas being granted this year, and updated figures will be published before the end of the month.

    Already we are increasing returns with over 24,000 people in the first 9 months, the highest 9-month period for 8 years.

    The impact of the changes to skilled worker visas, care worker visas, settlement, students and English language is expected to reduce visas by around 100,000 a year. In addition, the new workforce strategies, immigration skills charge, family and asylum reforms will further bring numbers down on top of that. And as the Prime Minister has said, where we need to go further to restore a sustainable system, we will.

    Conclusion

    In conclusion, Madam Deputy Speaker, throughout our history, Britain has been strengthened by people coming to start new businesses, study at our universities, contribute to our cultural and sporting excellence, and do some of the toughest, most essential jobs in our country.

    But to be successful, effective and fair, our immigration must be properly controlled and managed. This white paper sets out how we will restore control, fairness and order to the system, how we will continue to bring net migration down, and how we will turn the page on the chaos and failure of the past. I commend this statement to the House.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom