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Category: Economy

  • MIL-OSI Europe: Minister Niamh Smyth’s Call to Action on New Charter for Digital Inclusion

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    14th May 2025

    Minister of State for Trade Promotion, Artificial Intelligence and Digital Transformation, Niamh Smyth, today announced a major step forward in Ireland’s journey toward a more inclusive digital society with a call to action on the forthcoming Charter for Digital Inclusion.

    The Charter is a key deliverable under “Digital for Good: Ireland’s Digital Inclusion Roadmap”, published in August 2023, which forms part of the Government’s National Digital Strategy. It aims to ensure that no one is left behind as digital technologies become increasingly central to how we live, work, and connect.

    “Digital technology is transforming every aspect of our lives—but not everyone has equal access to its benefits,” said Minister 

    “This Charter is a call to action for businesses and organisations across Ireland to embed digital inclusion into their everyday operations. By signing the Charter, organisations commit to impactful actions to ensure that digital opportunities are accessible to all.”

    The Charter will outline a set of core commitments focused on accessibility, equity, affordability, and the development of digital skills. It will serve as a framework for collaboration between the public sector, large enterprises, SMEs, community organisations and citizens.

    Minister Smyth emphasised the importance of partnership, particularly the role of larger businesses in supporting SMEs to adopt and benefit from digital technologies:

    “By working together—big and small businesses, public bodies and communities—we can create a supportive ecosystem that benefits everyone. When large companies help SMEs go digital, the entire economy gains.”

    The Minister highlighted successful examples already underway, including:

    • Google’s 500 AI scholarships for local communities in 2024, aimed at boosting digital and AI skills.
    • Enterprise Nation and Vodafone Ireland’s ‘Tech Hub’ initiative, which helps Irish SMEs understand and adopt AI tools.

    Minister Smyth added:

    “These are the kinds of impactful actions we want to encourage through the Charter.” 

    To support the initiative, the Department will launch a dedicated webpage outlining the Charter’s principles and showcasing real-world examples of digital inclusion in action. This platform will serve as a hub for inspiration, collaboration, and progress tracking.

    “This isn’t just a government initiative—today is a call to action. I invite businesses, public bodies, and community leaders to sign the Charter and join us in building a more digitally inclusive Ireland.”

    Notes for Editors

    What is a Charter for Digital Inclusion:

    Digital for Good: Ireland’s Digital Inclusion Roadmap was published in August 2023 and reflects the commitment in Harnessing Digital to ensure the Government better serves people who are not able to engage online and promotes the United Nations principle of “Leave No One Behind”.

    A Charter for Digital Inclusion aims to support public and private organisations to join efforts in ensuring equitable access to the use of digital technologies, services, and associated opportunities for everyone. The Charter is a set of commitments to which business and other organisations can sign up to maximise their efforts in contributing to bridging the digital gap by promoting basic digital skills, building awareness and helping people get online.

    In line with Ireland’s Digital Inclusion Roadmap which identifies access, affordability and ability as key determinants for digital inclusion, digital exclusion encompasses not only the lack of access to technologies and services but also the absence of necessary digital skills and literacy to fully benefit from them. This digital gap can hinder individuals and organisations from fully participating in the digital economy and society.

    Addressing it involves strong commitments in the following areas:

    • Improving Access: Ensuring that everyone has access to affordable and reliable internet and digital equipment. 
    • Enhancing Digital Literacy: Providing education and training to develop essential digital skills.
    • Policy and Advocacy: Encouraging policies that promote digital inclusion.

     We will promote joint action in tackling these areas to work towards a more inclusive digital future where everyone has the opportunity to succeed. The Department of Enterprise, Trade and Employment will invite public bodies, businesses, and community organisations to endorse this Charter, adopt its principles, and join in building a more inclusive digital future for all.

    Charter for Digital Inclusion Principles:

    Our commitments to digital inclusion are guided by the following core principles: 

    • Equity: Ensuring no one is left behind in the digital age. 
    • Accessibility: Designing digital services that are usable by all, including people with disabilities or limited digital skills. 
    • Affordability: Supporting initiatives that make devices and internet access affordable for underserved populations. 
    • Digital Skills for Life: Promoting lifelong learning and digital literacy at all levels. 
    • Trust and Safety: Upholding the highest standards in cybersecurity, privacy, and ethical data use. 
    • Innovation through Collaboration: Encouraging partnership across sectors to drive local and national solutions. 
    • Evidence-Led Action: Using data and research to guide, measure, and improve our efforts.

    Commitments for Digital Inclusion:

    Businesses and organisations can choose the commitments that best align with their goals. 

    The Charter asks businesses and organisations to take action by selecting from the list of commitments below.  

    1. We will integrate the digital inclusion principles into our everyday operations and recognise the value of digital tools in supporting wellbeing, access to services, and economic empowerment.
    2. We commit to providing all staff with the opportunity to develop essential digital skills and actively encourage participation in this learning.
    3. We commit to making our website easy to use, accessible to all, and designed to support everyone—regardless of ability or experience—in getting online, accessing services, building digital confidence, and embracing digital tools.
    4. We will support digital inclusion initiatives, embracing the United Nations principle of “Leave No One Behind”.
    5. We will seek to build local and national partnerships with other organisations, sharing ideas and coordinating efforts to achieve a greater impact collectively.  
    6. We will support sustainability by encouraging the donation of digital equipment to organisations/communities in need. 

    ENDS

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    MIL OSI Europe News –

  • MIL-OSI USA: Putting Money Back in New Yorkers’ Pockets

    Source: US State of New York

    Senate Majority Leader Andrea Stewart-Cousins said, “A budget is a statement of values and priorities. While Washington advocates tax cuts for the ultra-wealthy and mega-corporations at the expense of millions of working Americans, we in New York continue to champion the well-being of the middle class. The Senate Democratic Majority has worked with Governor Hochul and the Assembly to deliver a budget that invests in people and addresses the challenges facing New Yorkers. With this enacted budget that includes inflation rebate checks, we have prioritized our state’s working families and individuals, putting money back into the pockets of millions of New Yorkers.”

    Assembly Speaker Carl Heastie said, “These checks will put money back into the pockets of New Yorkers, allowing them to save or spend in a way that makes sense for them. This announcement is another step forward in the Assembly Majority’s mission to make the everyday lives of hardworking families easier and we will continue fighting for a future where no hardworking family has to worry about putting food on the table or keeping a roof over their heads.”

    Queens Borough President Donovan Richards Jr. said, “For the families here in New York City and across New York State living on the sharp edge of poverty, having a little extra cash to help keep a roof over their heads and food on their tables couldn’t be more critical, especially in an economy thrown into chaos by Donald Trump and his tariffs. Queens appreciates the leadership of Governor Hochul, as well as the state Legislature, in making these inflation refund checks possible, and my office will continue to be a proud partner alongside our state leaders in making our borough a more affordable place to call home.”

    Bronx Borough President Vanessa L. Gibson said, “I want to thank Governor Kathy Hochul for her continued commitment to easing the financial burdens facing New Yorkers. The inflation refund checks will provide much-needed support to millions of households across our state, where many families are struggling to make ends meet amid rising costs. This initiative is a clear example of what responsive, people-centered leadership looks like, and I applaud the Governor for putting money back into the pockets of those who need it most.”

    New York City Council Member Carmen De La Rosa said, “I applaud Governor Hochul and the State Legislature for prioritizing fully funded transit improvements in the FY 2026 budget. For Northern Manhattan, this means more accessible stations, cleaner infrastructure, and good union jobs for our communities. In the face of ongoing attacks from the Trump administration on climate action and public transit, this kind of leadership is more important than ever. These investments are critical to building a more equitable, sustainable, and inclusive transit system for all New Yorkers.”

    New York City Council Member Chris Banks said, “New Yorkers have been suffering at the hands of inflation for far too long. Inflation has driven prices up far beyond livable for many low-income communities. I support Governor Hochul, in making the decision to put money back in tax payers pockets. These checks may be the difference between a family eating or being able to pay rent. It’s time to give hard working New Yorkers their money back, and let them spend it how they choose.”

    New York City Council Member Simcha Felder said, “More money in people’s pockets is always a good thing!”

    Over 8 million New Yorkers will get an inflation refund because it’s simple — this is your money and we’re putting it back in your pockets.”

    Governor Kathy Hochul

    Inflation has driven the costs of everyday necessities higher and as a result, the State’s revenue from the collection of sales tax has also increased. Governor Hochul believes that money belongs to hardworking New York families and should be put back in their pockets as an inflation refund — and that’s why 8.2 million households statewide will receive a check this fall.

    Starting today, New Yorkers can visit ny.gov/inflationrefund for more information on eligibility and other details.

    Who’s Eligible for an Inflation Refund Check?

    You are eligible for an inflation refund check if, for tax year 2023, you:

    • Filed Form IT-201, New York State Resident Income Tax Return;
    • Reported income within the qualifying thresholds below; and
    • Were not claimed as a dependent on another taxpayer’s return.

    Joint tax filers with income up to $150,000 will receive a $400 check.

    Joint tax filers with income over $150,000 but no greater than $300,000 will receive a $300 check.

    Single tax filers with income up to $75,000 will receive a $200 check.

    Single tax filers with incomes over $75,000 but no greater than $150,000 will receive a $150 check.

    There are no age restrictions. Filers do not need to do anything to receive an inflation refund check. If you filed a tax return, are below the income thresholds, and no one else claimed you as a dependent, you will receive a check.

    When Will Checks Be Delivered?

    Checks will be mailed across the state starting in October, and deliveries will continue through November.

    Your check may arrive earlier or later than your neighbors, as mailings will not be based on zip code or region.

    Additional information from the New York State Tax Department can be seen at ny.gov/inflationrefund.

    Embedded Flickr Album

    Regional Breakdown

    Inflation refund checks will be sent this fall to 8.2 million households throughout all corners of New York State. A breakdown of the number of checks going to each region can be seen below.

    Region

    Number of Recipients

    New York City

    3.53 million

    Long Island

    1.25 million

    Mid-Hudson

    924,000

    Western New York

    585,000

    Finger Lakes

    513,000

    Capital Region

    475,000

    Central New York

    321,000

    Southern Tier

    251,000

    Mohawk Valley

    198,000

    North Country

    156,000

    TOTAL

    8.2 million

    MIL OSI USA News –

  • MIL-OSI USA: Justice Department Releases New Resources to Protect Servicemembers’ Rights

    Source: US State of California

    The Justice Department announced today that it has issued two fact sheets on the Servicemembers Civil Relief Act (SCRA). The first explains how servicemembers, recent veterans, and their spouses can exercise their right to the six percent interest rate benefit under the SCRA. The second generally summarizes some of the most common protections and benefits under the SCRA for the military community.

    “Servicemembers make great sacrifices to protect and advance our nation’s safety,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “The Justice Department is committed to ensuring that servicemembers are afforded their rights and benefits under the law.”

    The SCRA was enacted to enable servicemembers to devote their entire energy to the defense needs of the nation. When our servicemembers cannot focus on their mission because they are distracted by financial issues, our national security suffers. These fact sheets seek to help the military community by enabling them to learn more about and affirmatively assert their rights under the SCRA. They cover a wide variety of topics including housing rights, lending rights, property rights, and the portability of professional licenses.

    It is more imperative than ever that military families be able to access benefits that can ease their financial burdens. Today’s fact sheet on the six percent interest rate benefit will help more servicemembers, especially members of the Guard and Reserves, apply to their lenders for a successful reduction of their interest rates on eligible accounts.

    The Servicemember and Veterans Initiative, housed in the Department’s Civil Rights Division, works to ensure that the rights of the brave men and women of our nation’s armed forces, and the veterans who have served in the past, are safeguarded from discrimination and unfair treatment.

    Since 2011, the department has obtained over $481 million in monetary relief for over 147,000 servicemembers through its enforcement of the SCRA. For more information about the Department’s enforcement efforts under the SCRA and other laws that protect the rights of servicemembers and their families, please visit www.servicemembers.gov.

    Servicemembers and their dependents who believe that their rights under the SCRA have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations may be found at legalassistance.law.af.mil.

    MIL OSI USA News –

  • MIL-OSI Canada: Expanding support for inclusive communities

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI Security: Justice Department Releases New Resources to Protect Servicemembers’ Rights

    Source: United States Attorneys General 2

    The Justice Department announced today that it has issued two fact sheets on the Servicemembers Civil Relief Act (SCRA). The first explains how servicemembers, recent veterans, and their spouses can exercise their right to the six percent interest rate benefit under the SCRA. The second generally summarizes some of the most common protections and benefits under the SCRA for the military community.

    “Servicemembers make great sacrifices to protect and advance our nation’s safety,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “The Justice Department is committed to ensuring that servicemembers are afforded their rights and benefits under the law.”

    The SCRA was enacted to enable servicemembers to devote their entire energy to the defense needs of the nation. When our servicemembers cannot focus on their mission because they are distracted by financial issues, our national security suffers. These fact sheets seek to help the military community by enabling them to learn more about and affirmatively assert their rights under the SCRA. They cover a wide variety of topics including housing rights, lending rights, property rights, and the portability of professional licenses.

    It is more imperative than ever that military families be able to access benefits that can ease their financial burdens. Today’s fact sheet on the six percent interest rate benefit will help more servicemembers, especially members of the Guard and Reserves, apply to their lenders for a successful reduction of their interest rates on eligible accounts.

    The Servicemember and Veterans Initiative, housed in the Department’s Civil Rights Division, works to ensure that the rights of the brave men and women of our nation’s armed forces, and the veterans who have served in the past, are safeguarded from discrimination and unfair treatment.

    Since 2011, the department has obtained over $481 million in monetary relief for over 147,000 servicemembers through its enforcement of the SCRA. For more information about the Department’s enforcement efforts under the SCRA and other laws that protect the rights of servicemembers and their families, please visit www.servicemembers.gov.

    Servicemembers and their dependents who believe that their rights under the SCRA have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations may be found at legalassistance.law.af.mil.

    MIL Security OSI –

  • MIL-OSI: Credit Agricole Sa: GENERAL MEETING OF CRÉDIT AGRICOLE S.A.

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Montrouge, 14 May 2025

    GENERAL MEETING OF CRÉDIT AGRICOLE S.A.

    The General Meeting of Shareholders of Crédit Agricole S.A. was held in Paris on Wednesday, 14 May 2025, in the presence of Chairman, Dominique Lefebvre, and Chief Executive Officer, Philippe Brassac.

    Over 1 700 people attended the General Meeting, either physically or remotely.

    With a quorum of 80,37%, the General Meeting approved all the resolutions put forward by the Board of Directors. All resolutions received a score of over 84% except for resolution A, which was rejected by more than 95%.

    Nearly 15 500 shareholders voted prior to the General Meeting, 78% of which voted online.

    Following the approval of the financial statements for the year ended 31 December 2024, the Crédit Agricole S.A. Ordinary General Meeting confirmed a dividend payout of €1.10 per share.

    In addition, the General Meeting appointed Olivier Desportes, Chairman of the Regional Bank of Côtes d’Armor, as a Director to replace Louis Tercinier, who has reached the statutory age limit.

    The General Meeting ratified the co-optation of Gaëlle Regnard, Chief Executive Officer of the Loire Haute-Loire Regional Bank, as Director to replace Hugues Brasseur as of 26 March 2025.
    The General Meeting also renewed the terms of Dominique Lefebvre, Pierre Cambefort, Jean-Pierre Gaillard and Christine Gandon.

    The Board of Directors, which met following the General Meeting, re-appointed Dominique Lefebvre as Chairman. On the proposal of Olivier Gavalda, the new Chief Executive Officer of Crédit Agricole S.A. since may 14, Jérôme Grivet has been appointed as sole Deputy Chief Executive Officer and second executive director.

    The Board of Directors, chaired by Dominique Lefebvre, warmly thanked Philippe Brassac and Xavier Musca for their commitment to the development of the Crédit Agricole Group in recent years.

    Crédit Agricole S.A. press contacts
    Alexandre Barat: 06 19 73 60 28 – alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain: 06 75 90 26 66 – olivier.tassain@credit-agricole-sa.fr
    All our press releases can be found at: https://www.credit-agricole.com/en

            @Credit_Agricole            Groupe Crédit Agricole

    Customer Relations contacts – individual shareholders
    Freephone: +33 (0) 800 000 777 – relation@actionnaires.credit-agricole.com

    Customer Relations contacts – registered shareholders
    +33 1 57 78 34 31 – ct-contactcasa@uptevia.com

    Customer Relations contacts – institutional investors
    +33 1 43 23 04 31 – investor.relations@credit-agricole-sa.fr

    Attachment

    The MIL Network –

  • MIL-OSI: TMD Energy Limited Reports 2024 Full-Year Results

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, May 14, 2025 (GLOBE NEWSWIRE) — TMD Energy Limited (NYSE: TMDE) (the “Company” or “TMDEL”), together with its subsidiaries (the “Group” or “TMDEL Group”) is a Malaysia and Singapore based service provider engaged in integrated bunkering services segment which involves ship-to-ship transfer of marine fuels, ship management services and vessel chartering services, today reported its financial results for the fiscal year ended December 31, 2024.

    Fiscal Year 2024 Financial Results Highlights

    • Group Revenue increased by 8.8% to $688.6 million in FY2024 from $633.1 million in FY2023.  Notably, revenue from our Bunkering Services Segment rose by $55.5 million.
    • Despite revenue grew by 8.8%, gross profit surged 32.7% to $16.0 million, with gross margin improving to 2.3% in FY2024 from 1.9% in FY2023.
    • Income from operations increased substantially by more than 130% to $6.0 million in FY2024 from $2.6 million in FY2023.
    • Net income remained stable at $1.9 million in FY2024, compared to $2.0 million for FY2023.

    Dato’ Sri Kam Choy Ho, Director and Chief Executive Officer of the Company commented, “In FY2024, the Company experienced sustainable revenue growth, primarily driven by the success of our Bunkering Services Segment.  Revenue notably increased by 8.8% in FY2024 to over $688 million, while net income remained stable at about $1.9 million, compared to $2.0 million a year earlier.”

    “The Bunkering Services Segment accounted for most of our revenue and net income, which benefited from improved operational efficiency and an expanding customer base. The redeployment of a vessel from vessel chartering services to the bunkering segment further enhanced our bunkering capacities, allowing us to better meet our client growing needs.”

    “Looking ahead, we recognize the importance of maintaining this momentum. Our focus will remain on optimizing balance sheet by enhancing our operational efficiencies and exploring new customer opportunities in the bunkering sector.  With our existing internal team of ship managers who are qualified professional mariners, we aim to continue growing our ship management revenue by targeting our existing bunkering client and external clients.  We’ll also maintain competitive pricing via our supplier leverage and transparent practices as we stay committed to leveraging our strengths to drive sustainable growth and deliver value to our stakeholders.”

    Financial Performance Overview

    Our Group reported an overall revenue of $688.6 million for FY2024, an increase of 8.8%, or equivalent to $55.5 million from $633.1 million in FY2023 due to rise in contribution from the Bunkering Services Segment.  This segment which contributed more than 99% of the Group’s revenue had enjoyed a 6.0% increase in the volume of oil cargo bunkered as our Group expanded its customer base.  Meanwhile, the Ship Management Segment had contributed the remaining $0.4 million of the Group’s revenue.

    We recorded an overall increase of 32.7% in our gross profit, or equivalent to $3.9 million, to $16.0 million for FY2024 from $12.1 million in FY2023.  As we strategically focus on penetrating new markets and expanding our customer base, we had managed to improve our gross profit margin from 1.91% in FY2023 to 2.33% in FY2024.

    General and administrative expenses had increased by $0.1 million in FY2024 to $5.2 million from $5.1 million as we participated in environmental, social and governance activities as part of our commitment to a sustainable green environment and incurring additional travelling expenses for our business expansion.

    Depreciation had increased by $0.5 million from $4.3 million in FY2023 to $4.8 million in FY2024 as we continued to maintain and dry-dock our vessels periodically to ensure their sea worthiness and condition when carrying out a safe and efficient bunkering operation.

    Interest expense had increased by $2.4 million to $4.6 million in FY2024, up from $2.2 million in FY2023 as higher volume of trade financing facilities were utilized to meet the increase in volume of oil cargo bunkered.

    Overall, net income remained stable at $1.9 million in FY2024, compared to $2.0 million for FY2023.

    About TMD Energy Limited

    TMD Energy Limited and its subsidiaries are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessels chartering. As of today, TMDEL Group operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels. 

    For more information about our Company and its business activities, please visit our website at: www.tmdel.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including but not limited to, the Company’s Offering.  These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, result of operations, business strategy and financial needs.  Investors can identify these forward-looking statements by words or phrases such as “may”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology.  The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.  Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s financial results filings with the SEC.

    For investor and media inquiries, please contact:

    TMD ENERGY LIMITED
    e-Mail : corporate@tmdel.com

    WFS INVESTOR RELATIONS
    e-Mail : services@wealthfsllc.com

    The MIL Network –

  • MIL-OSI: Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (the “Fund”) declared a $0.16 per share cash distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025. The $0.16 quarterly distribution is a 23% increase from $0.13 per share, bringing the annual distribution rate to $0.64 from $0.52 per share. The increase follows on the strength of the Fund’s market total return of 27% in 2024.

    The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market prices or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and with income that exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately 19% from net investment income and 81% from net capital gains on a book basis. This information does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website. The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About Ellsworth Growth and Income Fund
    Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $186 million in total net assets. ECF invests primarily in convertible securities and common stock with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long-term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE American: ECF
    CUSIP – 289074106

    ELLSWORTH GROWTH AND INCOME FUND LTD.
    Investor Relations Contact:
    Bethany Uhlein
    914.921.5546
    buhlein@gabelli.com

    The MIL Network –

  • MIL-OSI: Parsa Launches First Exchange for Range Perpetuals: A New Way to Trade Onchain Volatility

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) — Perpetual futures have been the go-to trading instrument in crypto for years. They’re efficient, familiar, and easy to use. But they only let traders take one kind of position: up or down. Options offer more flexibility, but high costs and complexity have hindered their adoption onchain.

    Parsa is introducing Range Perpetuals, a derivative designed around trading price ranges instead of just price direction. The protocol is now live on mainnet, launching with its first market — SOL Daily.

    Range Perps lets traders choose a specific price band, like $145 to $150, and earn depending on the precision of the price prediction. This structure opens up strategies that aren’t possible with traditional perps; traders can now benefit from sideways markets, build positions around volatility, or take views on how duration the price of the underlying asset will stay within a zone. The mechanics are simple, but the strategies can be as nuanced as traders want them to be.

    Parsa is the first exchange built specifically for this kind of trading. It uses a tick-based system where each range has its own price, and all trades settle through the protocol itself without the need for traditional liquidity providers. The trading interface is straightforward and updates in real time, showing clear yield and PnL for each position. More assets and shorter or longer timeframes will roll out soon.

    “Perps changed the game for DeFi trading, but they don’t capture everything,” said Niteesh Settypalli, cofounder. “Range Perps let you trade how the market behaves, not just up or down.”

    In traditional finance, traders have long used volatility-focused products to express more complex views on the market with U.S. options markets alone clearing over 12 billion contracts in 2024, representing trillions in notional exposure. Range Perps bring that concept onchain in a way that’s simple to use and built for crypto.

    Parsa is now live at parsa.finance, with more updates coming soon.

    About Parsa

    Parsa is the first decentralized exchange for Range Perpetuals, a new class of onchain derivatives that allow traders to earn funding yield within defined price bands. Founded by a team of DeFi-native builders and researchers, Parsa makes it possible to trade volatility, time, and price behavior through a simple, composable product built for the next generation of crypto markets.

    Contact:
    Niteesh Settypalli
    niteesh@parsalabs.com

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    The MIL Network –

  • MIL-OSI USA: Oregon Delegation: Seven Airports In State Earn More Than $22 Million in Federal Grants

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    May 14, 2025
    Airports in Portland, Hillsboro, Bend, Eugene, Corvallis, Burns and Joseph secure infrastructure investments
    Washington, D.C. – Oregon lawmakers today announced that seven airports in the Portland metro area, the Willamette Valley, Central Oregon and Eastern Oregon have secured about $22.7 million combined in federal grants for infrastructure improvements to taxiways, drainage, snow removal equipment and more.
    “These federal investments to modernize and improve airports large and small throughout our state benefit Oregonians relying on these facilities for their communities’ economic health and for everybody’s safety during wildfires and other emergencies,” Wyden said. “I’m gratified these resources are heading to Oregon, and I’ll keep battling to provide similar funds for airports all across our state.”
    “Oregon’s regional airports serve as vital hubs for our communities, including supporting local businesses and providing essential lifelines during natural disasters,” Merkley said. “This federal funding will allow several Oregon regional airports to tackle important projects like expanding taxiways, construction projects, and new equipment. I’ll continue to fight to ensure Oregon has the resources for safe and efficient travels for the folks who rely on Oregon’s airports.” 
    “I’m pleased to see that airports in NW Oregon and across the state are receiving federal investments to improve the reliability of our transportation system,” said Rep. Bonamici. “Because of these modernization projects, Oregonians and anyone traveling to our beautiful state for business or pleasure will be safer. I will continue to advocate for other important transportation and infrastructure projects that will help Oregonians and the Oregon economy thrive.”
    “Airports are vital infrastructure for our communities—supporting local economies, emergency response, and everyday travel for Oregonians,” said Rep. Hoyle. “I’m proud to see federal investments coming to Eugene and Corvallis to improve safety, modernize facilities, and prepare these airports for future growth. These upgrades will make a real difference for our region, and I’ll keep fighting for resources that strengthen our transportation and infrastructure.”
    “I’m glad to see these federal investments coming to airports across Oregon,” said Rep. Salinas. “Modernizing and improving Oregon’s airport infrastructure is critical to the safety and economic growth of communities both large and small. I’ll keep fighting to deliver the resources that Oregonians need and deserve.”
    “It’s important to me that as people come in and out of our beautiful state that we give them the best possible experience,” said Rep. Bynum. “This funding provides the resources to do just that, improving safety and reliability and helping Oregon airports modernize and grow. I was ecstatic to see this announcement, and I’ll always fight for projects that improve Oregonians’ quality of life.”
    “Investing in our airports means investing in the safety, connectivity, and economic strength of our communities,” said Rep. Dexter. “I’m thrilled that more than $15 million is headed to PDX. This funding—fueled by the Biden Administration’s historic infrastructure investments—is a clear example of what it looks like when the federal government shows up for local communities.” 
    The $22.7 million in airport improvement grants from the Federal Aviation Administration will be distributed as follows:
    $15.22 million to the Port of Portland for Portland International Airport to rebuild 2,700 feet of the existing paved taxiway A pavement that’s reached the end of its useful life.
    $3.14 million to the Port of Portland for Hillsboro Airport to build a new 1,300-foot taxiway K to reduce delays and accommodate more aircraft operations.
    $2.14 million to Bend Municipal Airport to rehabilitate 12,000 feet of the existing southwest, northwest, and west taxi lanes pavement to extend their useful lives.
    $1.66 million for Eugene’s Mahlon Sweet Airport to build new airfield drainage for wetland mitigation to bring the airport into conformity with current standards.
    $261,938 for Corvallis Municipal Airport to build a new 1,100-foot taxi lane to provide airfield access to a non-exclusive hangar development area to bring the airport into conformity with current standards.
    $215,000 for Burns Municipal Airport to acquire snow removal equipment.
    $76,000 to Joseph State Airport to reseal 5,210 feet of existing Runway 15/33 pavement and joints to extend its useful life. This project reseals 6,990 feet of the existing Taxiway A pavement and joints to extend its useful life.
    “Reconstructing and adding taxiways at PDX and Hillsboro Airport is vital to maintaining the transportation system that our region relies on,” said Curtis Robinhold, Executive Director of the Port of Portland. “We appreciate the continued support of Senators Wyden and Merkley on projects that help to ensure safe and efficient operations at our airports.”
    “Funding for this important airport capital improvement project will support asphalt patching, crack sealing and repair, surface sealing, and new painted striping on paved surfaces at the Bend Municipal Airport,” said Airport Manager Tracy Williams.
    “On behalf of the City of Burns and the Burns Municipal Airport, we sincerely appreciate the recent grant awarded by the Federal Aviation Administration for the acquisition of essential snow removal equipment,” said City Manager Judy Erwin. “This funding will significantly enhance our operational capabilities during the winter season, ensuring safer and more reliable service for all airport users. The support from the FAA continues to be instrumental in maintaining and improving the safety and efficiency of our airport infrastructure. This equipment will allow us to better serve general aviation, emergency services, and regional operations, especially during severe weather conditions.

    MIL OSI USA News –

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    US Senate News:

    Source: The White House
    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   
    The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    The following represent just a few of the many groundbreaking deals secured in Qatar:
    Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
    McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
    Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
    Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  

    Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
    The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
    Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
    General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
    The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.

    These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.
     CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 
    Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
    In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
    Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.

    This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
    Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
    Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
    Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.

    Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   
     THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.
    Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    Source: The White House

    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   

    • The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    • Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    • The following represent just a few of the many groundbreaking deals secured in Qatar:
      • Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
      • McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
      • Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
      • Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  
    • Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
      • The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
      • Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
      • General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
      • The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.
    • These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.

     
    CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 

    • Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    • The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
      • In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
      • Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.
    • This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
      • Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
      • Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
      • Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.
    • Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    • Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   

     
    THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.

    • Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    • It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    • By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    • Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    • President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    • As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: 24 pacts exchanged in Kuwait

    Source: Hong Kong Information Services

    Chief Executive John Lee continued his visit to Kuwait today by meeting representatives of the Kuwait Direct Investment Promotion Authority, exchanging views with local political and business leaders, and witnessing the reaching of multiple pacts between government departments, enterprises and organisations of Hong Kong, the Mainland and Kuwait.

    In the morning, Mr Lee met Kuwait Direct Investment Promotion Authority Director General Meshaal Jaber Al-Ahmad Al-Sabah to learn about Kuwait’s strategies and achievements in attracting business and investment.

    Noting that Kuwait was Hong Kong’s sixth-largest trading partner in the Middle East last year, Mr Lee said there is significant room for development in trade and business between the two places. He also stressed that Hong Kong will continue to serve as a bridge to assist enterprises in going global and attracting external investment, welcoming Kuwaiti enterprises to leverage the city’s financing support and professional services to explore international markets.

    Afterwards, the Chief Executive attended a business luncheon where he delivered a speech to near 300 local business leaders to promote Hong Kong’s business advantages and development opportunities. Moreover, government departments, enterprises and organisations from Hong Kong, the Mainland and Kuwait exchanged and announced 24 memoranda of understanding and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, and post-secondary education.

    Mr Lee highlighted that merchandise trade between Hong Kong and the Cooperation Council for the Arab States of the Gulf reached nearly US$20 billion last year, an increase of over 53% in the past four years, while Hong Kong’s merchandise trade with Kuwait last year amounted to US$200 million, up more than 20% from the previous year.

    Hong Kong, an international financial centre as well as the world’s largest offshore renminbi business hub, will give full play to its role as a “super connector” and “super value-adder” to deepen international exchanges and co-operation, Mr Lee pointed out, adding that he believes the ties between Hong Kong and Kuwait will continue to flourish.

    In the afternoon, Mr Lee visited Zain Group a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchanged views with company representatives on topics such as drones, artificial intelligence and smart city development. He remarked that Hong Kong is actively developing into an international innovation and technology centre, and he welcomes the company to invest and pursue co-operation opportunities in Hong Kong.

    The Chief Executive also hosted a dinner for members of the business delegation comprising representatives from Hong Kong and Mainland enterprises to thank them for their participation in the programme of the past four days, and for working together to explore co-operation opportunities for Hong Kong and the Mainland in the Middle East.

    He will return to Hong Kong tomorrow.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Dstl’s pivotal role in StormShroud uncrewed aircraft capability

    Source: United Kingdom – Executive Government & Departments

    News story

    Dstl’s pivotal role in StormShroud uncrewed aircraft capability

    New autonomous platform set to boost UK defence capability, economic growth and job creation.

    The Defence Science and Technology Laboratory (Dstl) has played a crucial role in developing StormShroud, a new uncrewed aircraft system recently announced by Prime Minister Sir Keir Starmer during a visit to Leonardo UK’s Luton site.

    StormShroud is the first of a new family of Autonomous Collaborative Platforms (ACP) designed to make RAF combat aircraft more survivable and more lethal in contested battlespaces.

    The system consists of the TEKEVER AR3 uncrewed air platform integrated with Leonardo’s BriteStorm Electronic Warfare payload. It offers increased survivability to RAF jets and crew through disruption and deception of enemy radars.

    Dr Paul Hollinshead, Chief Executive of Dstl, said:

    “This achievement demonstrates how Dstl’s world-class research directly contributes to operational advantage for our Armed Forces.

    “StormShroud represents our commitment to delivering mission-winning science and technology at pace, supporting both mission success and economic growth through close collaboration with industry partners.”

    StormShroud has been a collaborative effort involving the following:

    • Dstl
    • RAF’s Rapid Capabilities Office
    • Defence Equipment & Support (DE&S)
    • UK defence industry partners

    RAF Air Chief Marshal Sir Rich Knighton called the announcement:

    “This is a seminal moment for the RAF to maintain our advantage in Air Combat and national security. Autonomous Collaborative Platforms will revolutionise how we conduct a range of missions, from intelligence gathering to strike and logistical support.”

    Dstl’s contribution

    Dstl has delivered significant impact at all levels of the project through:

    • world-class research, technical expertise and advice on electronic warfare capabilities
    • embedded technical leadership within the RAF Rapid Capabilities Office and Air and Space Warfare Centre
    • operational analysis informing RAF requirements
    • trials event design, participation and analysis

    Creating jobs and boosting the economy

    The StormShroud project is creating significant economic benefits across the UK, which include:

    • supporting over 300 high-skilled jobs in the British defence technology sector
    • creating a supply chain involving more than 45 UK small and medium-sized enterprises
    • generating an estimated £175 million in economic activity over the next 5 years
    • establishing the UK as a global leader in autonomous defence technology, opening export opportunities
    • developing transferable skills and technologies with applications in civilian sectors

    The announcement reinforces defence’s commitment to integrating autonomous systems in future forces, aligning with the Defence Drone Strategy, RAF Autonomous Collaborative Platforms Strategy, and across the Front Line Commands.

    Dstl continues to support StormShroud development and future Air Domain ACP capabilities through various projects that aim to enhance coherence and drive exploitation of technology in this field.

    Find out more about how Dstl delivers mission success through science and technology advantage.

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Completion of £6m public realm scheme marks transformational investment for Banbridge

    Source: Northern Ireland City of Armagh

    The revitalisation of Banbridge town centre has been officially celebrated today – Wednesday 14 May – with the launch of the completed Banbridge public realm scheme.

    The £6 million investment has transformed the heart of the town into a safer, more accessible, and more vibrant destination for residents, businesses and visitors alike.

    Lord Mayor, Councillor Sarah Duffy welcomed the Department for Communities Minister Gordon Lyons to the town to see the improvements which were jointly funded by Armagh City, Banbridge and Craigavon Borough Council, DfC and the UK Government’s Shared Prosperity Fund.

    The scheme represents a significant milestone in the regeneration of the town, enhancing its distinctive heritage while providing a more modern, functional and attractive public space.

    Speaking at the event, Lord Mayor of Armagh City, Banbridge and Craigavon, Councillor Sarah Duffy, said:

    “The completion of this major public realm scheme is a moment of real pride for Banbridge. It not only preserves and enhances our rich built heritage but also reimagines the town centre as a dynamic, accessible and welcoming place for all. With improved walkways, lighting, civic spaces and streetscapes, this investment lays the foundation for continued economic growth, community connection and future cultural events. I want to thank everyone involved in this project, including the contractors, our local businesses and the Department for Communities, for their support and commitment to Banbridge’s future.”

    Delivered by Fox Building and Engineering Limited, the scheme commenced in May 2023 and included a wide range of infrastructure improvements across the town centre. New natural stone paving, granite kerbs, widened and resurfaced footpaths, enhanced wayfinding, increased cycle parking and tree planting have all contributed to a high-quality, better-connected streetscape.

    The event also celebrated the success and continuation of the Empty to Occupied Scheme funded by DfC. This programme is aimed at targeting dereliction across the borough by refurbishing buildings and making them fit for purpose and ready to occupy, thus improving the vitality of our high streets, creating jobs and increasing footfall.

    To date, 10 new units have been refurbished, with seven of these already back into commercial use. By the end of the programme, it is anticipated that funding of £751,277 will have leveraged £1,185,740 of private investment. Within five years, the return on public investment will equate to £2 for every £1 of public money.

    Communities Minister Gordon Lyons welcomed the investment in Banbridge, saying:

    “It is good to see the completion of Banbridge Public Realm, which has genuinely enhanced the centre of Banbridge, adding to its attraction as somewhere to visit, shop, work and invest in. In addition, the Empty to Occupied Scheme is a great example of tackling vacancy and bringing new life into the town. My Department’s funding has enabled both schemes to be delivered and it shows what positive results can be gained through collaborative working with our colleagues in Armagh City Banbridge & Craigavon Borough Council.”

    Chair of Banbridge Chamber of Commerce, Michael Donaghy, commented: 

    “This investment is a vote of confidence in the future of Banbridge. The improvements have already made a positive difference to the way people experience our town, with improved access and an environment that reflects our rich history while supporting modern-day business. The new civic plaza and upgraded infrastructure will attract more visitors and shoppers, helping to stimulate our local economy and support our business community.”

    The Banbridge Public Realm Scheme is part of Council’s wider regeneration programme aimed at supporting sustainable town centres, strengthening local identity and ensuring the long-term vitality of the borough’s urban areas.

    MIL OSI United Kingdom –

  • MIL-OSI: Bitcoin Solaris Launches Phase 3 Presale Ahead of Mobile Mining Rollout via Nova App

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 14, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris, a next-generation blockchain platform engineered for speed, scalability, and accessibility, has entered Phase 3 of its public token presale, with BTC-S tokens now priced at 3 USDT. This milestone comes as the network prepares to launch the Nova App, a mobile-based mining tool that will enable users to mine tokens directly from their smartphones—an approach aimed at democratizing access to blockchain rewards.

    Mobile Mining Set to Onboard Millions

    The upcoming Nova App introduces a new way for individuals to participate in blockchain networks. Designed for ease of use, the app will allow users to contribute storage and idle CPU from their smartphones to passively mine BTC-S tokens. There’s no need for specialized hardware or staking procedures—Nova runs seamlessly in the background, making network participation more inclusive and globally accessible.

    “Our goal is to lower the barriers to blockchain mining,” said a Bitcoin Solaris spokesperson. “With the Nova App, anyone with a smartphone can contribute to the network and earn rewards, without the complexity that typically limits participation.”

    High-Speed Infrastructure with 2-Second Finality

    At the core of Bitcoin Solaris is a dual-layer blockchain architecture that delivers sub-2-second transaction finality. The network is capable of processing over 10,000 transactions per second (TPS), enabling use cases that range from DeFi and NFTs to real-time data processing.

    • The Base Layer ensures security and ledger integrity through a combination of Proof-of-Stake (PoS) and Proof-of-Capacity (PoC). This hybrid consensus reduces energy usage while maintaining decentralization.
    • The Solaris Layer handles smart contract execution and fast block production using Proof-of-History (PoH) and Proof-of-Time (PoT). This allows for deterministic block ordering and rapid propagation.

    This architecture was purpose-built for scalability at the protocol level—not added on as an afterthought—and is designed to handle high-frequency transactions with provable finality.

    Verified by Independent Security Audits

    To reinforce trust and security, Bitcoin Solaris has undergone multiple third-party reviews:

    • Cyberscope Audit reviewed the core protocol, identifying vulnerabilities and validating contract behavior under load.
    • Freshcoins Audit confirmed logic integrity and examined token mechanics.
    • KYC Verification ensures project leadership accountability—critical for investor and ecosystem trust.

    These certifications signal readiness for not only public use, but institutional scrutiny — something speed alone can’t replace.

    Limited Token Supply and Transparent Distribution

    Bitcoin Solaris maintains a hard cap of 21 million BTC-S tokens, with no inflation or dynamic minting. Token emissions follow a halving model, similar to Bitcoin, to promote long-term sustainability and value predictability. During Presale Phase 3, only 4.2 million tokens (20%) are available at the 3 USDT rate. In Phase 4, the price will increase to 4 USDT.

    For a technical dive into how Bitcoin Solaris achieves sub-2-second transaction finality, Crypto Royal walks through the network’s layered design, time-based consensus model, and how it compares to XRP in real-world performance scenarios.

    About Bitcoin Solaris

    Bitcoin Solaris is a high-performance, layer-1 blockchain protocol built to deliver ultra-fast transaction finality, energy-efficient consensus, and mass accessibility through mobile integration. The network is designed to support decentralized applications and everyday users alike, combining enterprise-level infrastructure with tools that enable anyone to participate.

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

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

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

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    The MIL Network –

  • MIL-OSI: COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Paris, 14 May 2025 – 17.45

    The Combined Shareholders’ General Meeting of COFACE SA was held on 14 May 2025 at the Company’s headquarters in Bois-Colombes, and it was chaired by Mr Bernardo Sanchez Incera, Chairman of the Board of Directors.

    All the proposed resolutions were adopted by COFACE SA’s shareholders, including the payment of a dividend of €1.40 per share for the 2024 financial year with the coupon date set at 20 May 2025, and the payment date at 22 May 2025.

    All documents related to this General Meeting are available on COFACE SA institutional website (www.coface.com) and more precisely under “Investors/General Assembly”.

    The resolution voting results are online at:

    https://www.coface.com/investors/regulated-information/documents-relating-to-the-general-assembly

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network –

  • MIL-OSI: Euronext publishes Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Euronext publishes Q1 2025 results

    Strong start of the year with growth of non-volume-related revenue, record FICC trading volumes and exceptional market volatility.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2025 – Euronext, the leading European capital market infrastructure, today publishes its results for the first quarter 2025 using the new, simplified reporting framework1.

    • Q1 2025 revenue and income was up +14.1% at €458.5 million:

    Non-volume-related revenue and income represented 57% of total revenue and income and covered 158% of underlying operating expenses, excluding D&A2:

    • Securities Services revenues grew to €83.4 million (+6.8%), driven by double-digit growth in custody and settlement revenue;
    • Capital Markets and Data Solutions revenue grew to €157.4 million (+6.6%), driven by the continued commercial expansion of Euronext Corporate and Investor Solutions and Technology Services and the strong performance of Advanced Data Solutions, supported by the acquisition of GRSS and by retail participation;
    • Net treasury income was €18.6 million (+58.8%), demonstrating the benefits of the Euronext Clearing expansion and the internalisation of net treasury income following the derivatives clearing migration in Q3 2024.

    Volume-related revenue was driven by high market volatility in Q1 2025:

    • FICC3Markets reported €90.7 million of revenue (+25.1%), driven by record performance in fixed income trading and clearing, commodities trading and clearing and FX trading;
    • Equity Markets revenue grew to €108.4 million (+18.0%), reflecting high volatility.
    • Underlying operating expenses excluding D&A were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, combined with strong costs discipline, in line with the ramp-up of growth investments set out as part of Euronext’s underlying cost guidance of €670 million for the full year 2025.
    • Adjusted EBITDA was €294.1 million (+17.0%) and adjusted EBITDA margin was 64.1% (+1.6pts).
    • Adjusted net income was €183.5 million (+11.8%) and adjusted EPS was €1.80 (+13.9%).
    • Reported net income was €164.8 million (+17.9%) and reported EPS was €1.62 (+20.0%).
    • Net debt to EBITDA4was at 1.4x at the end of March 2025, within Euronext’s target range of the “Innovate for Growth 2027” strategic plan. On 22 April 2025, Euronext had successfully redeemed the €500 million bond issued in connection with the acquisition of Euronext Dublin in April 2018.

    Key figures for the first quarter of 2025:

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var l-f-l3F5
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses excluding D&A2 (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted net income, share of the parent company shareholders 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

    “In the first quarter of 2025, Euronext has delivered a remarkable performance. We achieved record revenue and income of €458.5 million, driven by initial successes of the strategic initiatives, growth of non-volume-related revenue and exceptional volatility across trading and clearing activities, especially in cash equity, fixed income, FX, power and commodities. Our diversified business model has allowed us to invest in growth and reach an adjusted EBITDA of €294.1 million, marking a significant +17.0% increase compared to Q1 2024. In Q1 2025, we reached record adjusted EPS (basic) of €1.80 per share. Our reported EPS (basic) grew by an impressive +20.0% compared to Q1 2024, to €1.62 per share.

    We have launched significant initiatives of our ‘Innovate for Growth 2027’ strategic plan to reinforce Euronext as a leader in the European financial markets. The upcoming consolidation of settlement for Amsterdam, Brussels and Paris equity trades in Euronext Securities represents a significant optimisation of the European post-trade landscape. With this strategic move, we foster the integration and competitiveness of European capital markets at an unprecedented speed.

    The launch late April 2025 of a European Common Prospectus6in English will pursue this ambition. This new initiative facilitates access to European capital markets and addresses the need for a competitive, integrated Savings and Investment Union. In addition, we are proud to launch a comprehensive set of measures to support the financing needs of companies that contribute to Europe’s strategic autonomy7.

    The acquisition in May 2025 of Admincontrol8, leader in the governance SaaS space, accelerates the development of Euronext Corporate Solutions in the Nordics, and reinforces Euronext’s subscription-based revenue.

    With this strong first quarter of 2025, we demonstrate our capacity to innovate ahead of the curve, leading the way to a stronger, more innovative and more competitive European capital market.”

    Q1 2025 business highlights

    • Q1 2025 revenue and income
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue and income (in €m) 458.5 401.9 +14.1% +12.9%
    Securities Services 83.4 78.1 +6.8% +4.8%
    Capital Markets and Data Solutions 157.4 147.6 +6.6% +4.5%
    Net treasury income 18.6 11.7 +58.8% +58.8%
    FICC Markets 90.7 72.5 +25.1% +25.2%
    Equity Markets 108.4 91.9 +18.0% +18.0%
    Other income 0.1 0.2 N/A N/A
    • Non-volume-related revenue
      • Securities Services
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 83.4 78.1 +6.8% +4.8%
    Custody and Settlement 75.8 67.9 +11.6% +9.4%
    Other Post Trade 7.6 10.2 -25.3% -25.3%

    Revenue from Custody and Settlement this quarter was at €75.8 million, +11.6% compared to Q1 2024. This strong performance was driven by growing Assets under Custody, dynamic settlement instructions and continued double-digit growth in services, supported by the acquisition of Acupay. At the end of the quarter, Assets under Custody amounted to €7.1 trillion, up +3.8% compared to end of Q1 2024. Over 39.3 million instructions were settled via Euronext Securities during the first quarter of 2025, up +9.3% compared to the first quarter of 2024.

    Other Post Trade revenue, which includes membership fees and other non-volume-related clearing fees, was €7.6 million in Q1 2025. The -25.3% decrease compared to Q1 2024 stems from the internalisation of the net treasury income related to Euronext derivatives flows in September 2024, which are now integrated in the net treasury income line.

    • Capital Markets and Data Solutions
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 157.4                147.6                  +6.6% +4.5%
    Primary Markets 46.3 45.5 +1.8% +2.1%
    Advanced Data Solutions 65.1 60.2 +8.1% +3.7%
    Corporate and Investor Solutions and Technology Services 45.9 41.8 +9.8% +8.1%

    Primary Markets revenue was €46.3 million in Q1 2025, an increase of +1.8% compared to Q1 2024. The first quarter recorded slower equity listing performance explained by a volatile environment. Euronext sustained its leading position for equity listing with 8 new listings.

    Advanced Data Solutions revenue was €65.1 million in Q1 2025, up +8.1% compared to Q1 2024. This dynamic performance reflects the contribution of GRSS, strong appetite from retail and growing monetisation of diversified datasets.

    Corporate and Investor Solutions and Technology Services revenue grew by +9.8% in Q1 2025 to €45.9 million. This strong performance reflects the continued commercial expansion of the governance SaaS offering, the increased use of colocation and microwave connectivity, and double-digit growth of investor solutions, supported by the acquisition of Substantive Research.

    Following the completion of the acquisition of Admincontrol on 13 May 2025, Admincontrol’s revenue will be integrated with Corporate and Investor Solutions and Technology Services revenue from Q2 2025.

    • Net treasury income

    Net treasury income was at €18.6 million (+58.8%). This reflect the benefit from the Euronext Clearing expansion and the internalisation of treasury income from LCH SA following the completion of the derivatives clearing migration, as well as higher cash collateral posted to the CCP due to the elevated market volatility.

    • Volume-related revenue
      • FICC Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 90.7 72.5 +25.1% +25.2%
    Fixed income trading and clearing 51.8 39.1 +32.4% +32.4%
    Commodities9 trading and clearing 29.6 26.3 +12.8% +13.9%
    FX trading 9.2 7.1 +30.4% +26.5%

    Fixed income trading and clearing revenue reached €51.8 million in Q1 2025, up +32.4% compared to Q1 2024, driven by record fixed income trading activity supported by favourable market conditions.

    Commodities trading and clearing revenue reached €29.6 million in Q1 2025, up +12.8% compared to Q1 2024, reflecting record intraday power trading volumes and dynamic agricultural commodity trading and clearing.

    FX trading revenue was up +30.4%, at €9.2 million in Q1 2025, reflecting record trading volumes, and a positively geared volume mix.

    • Equity Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 108.4 91.9 +18.0% +18.0%
    Cash equity trading and clearing 94.0 76.8 +22.5% +22.5%
    Financial derivatives trading and clearing 14.4 15.1 -4.8% -4.8%

    Cash equity trading and clearing revenue was €94.0 million in Q1 2025, up +22.5% driven by exceptional market volatility. Euronext recorded average daily cash trading volumes of €13.8 billion, up +31.8% compared to Q1 2024. Revenue capture on cash trading averaged 0.50 bps for the first quarter of 2025, impacted by higher volumes, stronger intraday volatility and larger average order size. Euronext market share on cash equity trading averaged 64.1% in Q1 2025.

    Financial derivatives trading and clearing revenue was €14.4 million in Q1 2025, -4.8% compared to Q1 2024. This decrease is mostly linked to the decrease of the average clearing fees, as following the clearing migration certain clearing fees are now reported in the line Other Post Trade revenues, and as such not fully comparable with Q1 2024.

    Q1 2025 financial performance

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses exc. D&A (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Operating expenses exc. D&A (164.3) (159.4) +3.1% +1.2%
    EBITDA 294.2 242.6 +21.3% +20.6%
    Depreciation & Amortisation (48.3) (44.0) +9.8% +10.6%
    Total Expenses (inc. D&A) (212.6) (203.4) +4.6% +2.9%
    Adjusted operating profit 272.6 232.3 +17.4% +16.8%
    Operating Profit 245.9 198.6 +23.8%  
    Net financing income / (expense) (1.5) 4.7 N/A  
    Profit before income tax 244.4 203.3 +20.2%  
    Income tax expense (67.8) (54.7) +24.0%  
    Share of non-controlling interests (11.9) (8.9) +33.6%  
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted Net income, share of the parent company shareholders10 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  
    • Q1 2025 adjusted EBITDA

    Underlying operating expenses excluding D&A1 were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, partially offset by cost discipline. In addition, Q1 2024 expenses were positively impacted by one-off releases.

    Driven by the double digit growth in revenue, adjusted EBITDA for the quarter reached €294.1 million, up +17.0% compared to Q1 2024. This represents an adjusted EBITDA margin of 64.1%, up 1.6pts vs. Q1 2024. On a like-for-like basis at constant currencies, adjusted EBITDA grew by +16.4% compared to Q1 2024.

    Q1 2025 non-underlying expenses profited from a one-off release of accruals. As a consequence, reported EBITDA was at €294.2 million, up +21.3% compared to Q1 2024.

    • Q1 2025 net income, share of the parent company shareholders

    Depreciation and amortisation accounted for €48.3 million in Q1 2025, +9.8% more than Q1 2024. PPA related to acquired businesses accounted for €20.4 million.

    Adjusted operating profit was €272.6 million, up +17.4% compared to Q1 2024.

    Euronext reported a net financing expense of €1.5 million in Q1 2025, compared to €4.7 million net financing income in Q1 2024. The variation reflects short-term FX movements and decreasing interest rates.

    Income tax for Q1 2025 was €67.8 million. This translated into an effective tax rate of 27.7% for the quarter, compared to 26.9% in Q1 2024.

    Share of non-controlling interests amounted to €11.9 million, correlated with the strong performance of MTS and Nord Pool.

    As a result, the reported net income, share of the parent company shareholders, increased by +17.9% for Q1 2025 compared to Q1 2024, to €164.8 million. This represents a reported EPS of €1.62 basic and €1.61 diluted. Adjusted net income, share of the parent company shareholders, was up +11.8% to €183.5 million. Adjusted EPS (basic) was €1.80. This increase reflects higher profit and a lower number of outstanding shares over the first quarter of 2025 compared to Q1 2024.

    The weighted number of shares used over the first quarter of 2025 was 101,695,588 for the basic calculation and 102,166,786 for the diluted calculation, compared to 103,640,164 and 104,040,256 respectively over the first quarter of 2024. The difference is due to the share repurchase programme executed by Euronext.

    In Q1 2025, Euronext reported a net cash flow from operating activities of €190.6 million, compared to €184.6 million in Q1 2024, reflecting higher profit before tax and higher income tax paid in Q1 2025. Excluding the impact on working capital from Euronext Clearing and Nord Pool CCP activities, net cash flow from operating activities accounted for 88.1% of EBITDA in Q1 2025.

    Q1 2025 corporate highlights since publication of the fourth quarter 2024 results on 13 February 2025

    • Euronext consolidates settlement on its markets to improve the competitiveness of European capital markets

    On 12 March 2025, Euronext has announced that from September 2026, Euronext Amsterdam, Brussels, and Paris will designate Euronext Securities as the central securities depository (CSD) for equity trade settlements. This aligns with Euronext’s “Innovate for Growth 2027” strategic plan and aims to enhance the competitiveness of European capital markets by addressing post-trade fragmentation. Currently, equity trade settlement in Europe is fragmented across over 30 CSDs. This initiative allows clients to consolidate settlement and custody activities across multiple markets into a single CSD, streamlining operations and enhancing liquidity. It also aids them adapting to regulatory changes, such as the move to T+1 settlement in October 2027. Additionally, Euronext has moved its own shares to Euronext Securities, showcasing the benefits of this consolidation for equity issuers.

    • Dividend payment schedule for 2025

    The Managing Board, upon the approval of the Supervisory Board, has decided to propose for approval at the Annual General Meeting the payment of a dividend of €2.90 per ordinary share (based on the total number of eligible shares). The dividend would be distributed evenly (pro rata the number of shares held) to holders of ordinary shares on the dividend record date set on 27 May 2025 (ex-dividend date is set on 26 May 2025 and payment date is set on 28 May 2025). This dividend represents a pay-out ratio of 50% of the reported net income, in line with Euronext’s current dividend policy.

    Corporate highlights since 1 April 2025

    • Euronext completes the acquisition of Admincontrol

    On 13 May 2025, Euronext announced the completion of the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. This transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed the WACC within three to five years post-closing11. Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. This acquisition supports Euronext’s strategy to expand its software-as-a-service (SaaS) offering and increases Euronext’s share of subscription-based revenue. Admincontrol has experienced double-digit growth over the past five years, with NOK 452 million in revenue and NOK 200 million in EBITDA in 202412. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services.

    • Launch of European Common Prospectus to accelerate capital market integration and boost IPO activity across the EU

    On 25 April 2025, Euronext has launched the European Common Prospectus, a standardised template for equity issuances, with the aim to integrate European capital markets more deeply. This initiative seeks to reduce regulatory fragmentation, enhance transparency, and promote cross-border investment. The prospectus, developed since November 2024, aligns with existing EU regulations and simplifies the listing process by reducing the required sections from 21 to 11. It uses English as the preferred language, facilitating cross-border access to capital. This new format benefits issuers by streamlining the listing process, and investors by providing consistency and comparability across EU jurisdictions. The full implementation of the Listing Act is expected by June 2026; but this prospectus addresses the immediate need to boost IPO activity in Europe in the meantime.

    • Euronext strengthens its support for European strategic autonomy

    On 6 May 2025, Euronext announced the implementation of a full set of initiatives to support investments in European strategic autonomy. This includes the creation of a new series of thematic indices covering companies that contribute to Europe’s strategic autonomy, tailored solutions to enhance equity financing of European aerospace and defence companies and facilitated issuance of European defence bonds13.

    • Euronext volumes for April 2025

    In April 2025, the average daily transaction value on the Euronext cash order book stood at €16.0 billion, up +44.1% compared to the same period last year. The overall average daily volume on Euronext derivatives stood at 712,389 lots, up +6.4% compared to April 2024, and the open interest was 25,388,147 contracts at the end of April 2025, up +6.4% compared to April 2024. The average daily volume on Euronext FX’s spot foreign exchange market stood at $38.2 billion, up +33.1% compared to the same period last year. Average daily day-ahead power traded was 2.7TWh, down -3.5% compared to the same period last year, and average daily intraday power traded was 0.5TWh, up +37.4% compared to April 2024. MTS Cash average daily volumes were up +55.4% to €55.8 billion in April 2025, MTS Repo term adjusted average daily volume stood at €723.1 billion, up +50.1% compared to the same period last year. Euronext Clearing cleared 32,206,770 shares in April 2025, +58.2% compared to April 2024. €2,752 billion of wholesale bonds were cleared in April 2025 (double counted), up +19.7% compared to the same period in 2024. 1,098,474 bond retail contracts were cleared in April 2025 (double counted), down -18.0% compared to April 2024. The number of derivatives contracts cleared was 14,247,781, up +934.7% compared to April 2024 (single counted). Euronext Securities reported 12,506,259 settlement instructions in April 2025, up +14.0% compared to the same period last year. The total Assets Under Custody reached over €7.0 trillion in April 2025, up +3.0% compared to the same period last year.

    Results Webcast

    A webcast will be held on Thursday, 15 May 2025, at 09:00 CEST (Paris time) / 08:O0 BST (London time):

    Live webcast:

    For the live webcast go to: Webcast

    The webcast will be available for replay after the call at the webcast link and on the Euronext Investor Relations webpage.
    Contacts

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

    Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

    Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

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    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. The figures in this document have not been audited or reviewed by our external auditor. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

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    Appendix

    The figures in this Appendix have not been audited or reviewed by our external auditor.

    Non-IFRS financial measures

    For comparative purposes, the company provides unaudited non-IFRS measures including:

    • Operational expenses excluding depreciation and amortisation, underlying operational expenses excluding depreciation and amortisation;
    • EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin.

    Non-IFRS measures are defined as follows:

    • Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses;
    • Underlying operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses, excluding non-recurring costs;
    • Underlying revenue and income as the total of revenue and income, excluding non-recurring revenue and income;
    • Non-underlying items as items of revenue, income and expense that are material by their size and/or that are infrequent and unusual by their nature or incidence are not considered to be recurring in the normal course of business and are classified as non-underlying items on the face of the income statement within their relevant category in order to provide further understanding of the ongoing sustainable performance of the Group. These items can include:
      • integration or double run costs of significant projects, restructuring costs and costs related to acquisitions that change the perimeter of the Group;
      • one-off finance costs, gains or losses on sale of subsidiaries and impairments of investments:
      • amortisation and impairment of intangible assets which are recognised as a result of acquisitions and mostly comprising customer relationships, brand names and software that were identified during purchase price allocation (PPA);
      • tax related to non-underlying items.
    • Adjusted operating profit as the operating profit adjusted for any non-underlying revenue and income and non-underlying costs, including PPA of acquired businesses;
    • EBITDA as the operating profit before depreciation and amortisation;
    • Adjusted EBITDA as the adjusted operating profit before depreciation and amortisation adjusted for any non-underlying operational expenses excluding depreciation and amortisation;
    • EBITDA margin as EBITDA divided by total revenue and income;
    • Adjusted EBITDA margin as adjusted EBITDA, divided by total revenue and income;
    • Adjusted net income, as the net income, share of the parent company shareholders, adjusted for any non-underlying items and related tax impact.

    Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.

    Consolidated income statement

      Q1 2025 Q1 2024
    in €m, unless stated otherwise Underlying Non-underlying Reported Underlying Non-underlying Reported
    Revenue and income 458.5 – 458.5 401.9 – 401.9
    Securities Services 83.4 – 83.4 78.1 – 78.1
    Custody and Settlement 75.8 – 75.8 67.9 – 67.9
    Other Post Trade 7.6 – 7.6 10.2 – 10.2
    Capital Markets and Data Solutions 157.4 – 157.4 147.6 – 147.6
    Primary Markets 46.3 – 46.3 45.5 – 45.5
    Advanced data solutions 65.1 – 65.1 60.2 – 60.2
    Corporate and Investor Solutions and Technology Services 45.9 – 45.9 41.8 – 41.8
    Net treasury income 18.6 – 18.6 11.7 – 11.7
    FICC Markets 90.7 – 90.7 72.5 – 72.5
    Fixed income trading and clearing 51.8 – 51.8 39.1 – 39.1
    Commodities income trading and clearing 29.6 – 29.6 26.3 – 26.3
    FX trading 9.2 – 9.2 7.1 – 7.1
    Equity Markets 108.4 – 108.4 91.9 – 91.9
    Cash equity trading and clearing 94.0 – 94.0 76.8 – 76.8
    Financial derivatives trading and clearing 14.4 – 14.4 15.1 – 15.1
    Other income 0.1 – 0.1 0.2 – 0.2
    Operating expenses excluding D&A (164.5) 0.1 (164.3) (150.7) (8.7) (159.4)
    Salaries and employee benefits (86.9) (0.5) (87.3) (80.7) (4.4) (85.1)
    Other operational expenses, of which (77.6) 0.6 (77.0) (70.0) (4.3) (74.3)
    System & communication (25.9) (0.1) (26.0) (24.6) (1.4) (26.0)
    Professional services (18.1) 1.0 (17.1) (11.9) (1.9) (13.8)
    Clearing expense (0.2) – (0.2) (9.1) – (9.1)
    Accommodation (4.6) (0.2) (4.8) (3.8) (0.3) (4.1)
    Other operational expenses (28.8) – (28.8) (20.6) (0.7) (21.3)
    EBITDA 294.1 0.1 294.2 251.3 (8.7) 242.6
    EBITDA margin 64.1%   64.2% 62.5%   60.4%
    Depreciation & amortisation (21.5) (26.8) (48.3) (19.0) (25.0) (44.0)
    Total expenses (185.9) (26.7) (212.6) (169.7) (33.7) (203.4)
    Operating profit 272.6 (26.7) 245.9 232.3 (33.7) 198.6
    Net financing income / (expense) (1.5) – (1.5) 4.7 (0.0) 4.7
    Profit before income tax 271.1 (26.7) 244.4 237.0 (33.7) 203.3
    Income tax expense (74.9) 7.1 (67.8) (63.4) 8.7 (54.7)
    Non-controlling interests (12.7) 0.9 (11.9) (9.3) 0.4 (8.9)
    Net income, share of the parent company shareholders 183.5 (18.8) 164.8 164.2 (24.5) 139.7
    EPS (basic, in €) 1.80   1.62 1.58   1.35
    EPS (diluted, in €) 1.80   1.61 1.58   1.34

    Adjusted EPS definition

      Q1 2025 Q1 2024
    Net income reported 164.8 139.7
    EPS reported 1.62 1.35
    Adjustments for non-underlying items included in:    
    Operating expenses exc. D&A                                       0.1 (8.7)
    Depreciation and amortisation                                   (26.8) (25.0)
    Minority interest 0.9 0.4
    Tax related to adjustments 7.1 8.7
    Adjusted net income 183.5 164.2
    Adjusted EPS 1.80 1.58

    Consolidated comprehensive income statement

      Q1 2025 Q1 2024
    Profit for the period 176.6 148.6
         
    Other comprehensive income    
    Items that may be reclassified to profit or loss:    
    – Exchange differences on translation of foreign operations 16.9 (26.3)
    – Income tax impact on exchange differences on translation of foreign operations (1.1) 2.6
    – Gains and losses on cash flow hedges 2.2 –
    – Change in value of debt investments at fair value through other comprehensive income – 0.2
    – Income tax impact on change in value of debt investments at fair value through
    other comprehensive income    		 – (0.1)
         
    Items that will not be reclassified to profit or loss:    
    – Remeasurements of post-employment benefit obligations (2.5) (0.3)
    Other comprehensive income for the period, net of tax 15.5 (23.8)
    Total comprehensive income for the period 192.1 124.8
         
    Comprehensive income attributable to:    
    – Owners of the parent 179.9 116.6
    – Non-controlling interests 12.2 8.2

    Consolidated statement of financial position

    in €m 31 March 2025 31 December 2024
    Non-current assets    
    Property, plant and equipment 107.4 106.2
    Right-of-use assets 88.2 57.5
    Goodwill and other intangible assets                                6,096.5                           6,096.2
    Deferred income tax assets 29.1 30.4
    Investments in associates and joint ventures                                          0.8                                    0.8
    Financial assets at fair value through OCI                                     357.0                               357.0
    Other non-current assets 3.4 3.5
    Total non-current assets 6,682.4 6,651.6
         
    Current assets    
    Trade and other receivables 574.2 412.9
    Income tax receivable 17.5 11.4
    Derivative financial instruments 2.2 –
    CCP clearing business assets 341,647.6 270,288.7
    Other current financial assets 59.5 63.8
    Cash & cash equivalents 1,642.3 1,673.5
    Total current assets 343,943.3                272,450.3
         
    Total assets 350,625.7 279,101.8
         
    Equity    
    Shareholders’ equity 4,224.6 4,245.2
    Non-controlling interests 161.7 156.8
    Total Equity 4,386.3 4,402.0
         
    Non-current liabilities    
    Borrowings 2,537.5 2,537.0
    Lease liabilities 71.7 46.2
    Other non-current financial liabilities 3.5 3.5
    Deferred income tax liabilities 495.1 496.8
    Post-employment benefits 23.0 21.0
    Contract liabilities 54.2 56.4
    Other provisions 7.0 7.2
    Total Non-current liabilities 3,192.1 3,168.2
         
    Current liabilities    
    Borrowings 524.0 516.5
    Lease liabilities 21.9 15.8
    Derivative financial instruments –                                         0.1
    CCP clearing business liabilities 341,695.3 270,357.9
    Income tax payable 99.3 91.1
    Trade and other payables 526.5 464.3
    Contract liabilities 176.2 80.1
    Other provisions 4.1 5.9
    Total Current liabilities 343,047.3 271,531.7
         
    Total equity and liabilities 350,625.7 279,101.8

    *The comparative figures for CCP clearing business assets and liabilities were both adjusted upwards by €69,713.3 million in the Universal Registration Document 2024 as published on 28 March 2025 due to an adjustment in the recognition of clearing business assets and clearing business liabilities, when compared to the positions in the press release dated 13 February 2025.

    Consolidated statement of cash flows

    in €m Q1 2025 Q1 2024
    Profit before tax 244.4 203.3
    Adjustments for:    
    – Depreciation and amortisation 48.3 44.0
               – Share based payments 3.9 3.9
    – Changes in working capital (37.4) (36.6)
    Cash flow from operating activities 259.2 214.7
    Income tax paid (68.6) (30.0)
    Net cash flows from operating activities 190.6 184.6
         
    Cash flow from investing activities    
    Purchase of current financial assets                                     (0.7) (21.7)
    Redemption of current financial assets                                      5.7 18.6
    Purchase of property, plant and equipment                                    (6.8) 0.1
    Purchase of intangible assets (23.0) (16.4)
    Interest received 10.3 10.4
    Proceeds from sale of property, plant, equipment and intangible assets                                         – 0.1
    Net cash flow from investing activities (14.6) (8.9)
         
    Cash flow from financing activities    
    Interest paid (0.8) (0.2)
    Payment of lease liabilities (5.5) (5.5)
    Transactions in own shares (204.5) (2.1)
    Dividends paid to non-controlling interests – (0.3)
    Net cash flow from financing activities (210.8) (8.2)
         
    Total cash flow over the period (34.8) 167.6
    Cash and cash equivalents – Beginning of period 1,673.5 1,448.8
    Non-cash exchange gains/(losses) on cash and cash equivalents 3.6 (6.8)
    Cash and cash equivalents – End of period 1,642.3 1,609.6

    Volumes for the first quarter of 2025

    • Securities Services
    Euronext Securities activity Q1 2025 Q1 2024 % var
    Number of settlement instructions over the period 39,317,842 35,963,785 +9.3%
    Assets under Custody (in €bn), end of period 7,132 6,871 +3.8%
    • Capital Markets
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Listings      
    Number of Issuers on Equities      
    Euronext 1,786 1,860 -4.0%
    SMEs 1,397 1,463 -5.0%
    Number of Listed Securities      
    Funds 2,163 2,392 -10.0%
    ETFs 4,158 3,861 +8.0%
    Bonds 55,645 56,862 -2.0%
    Capital raised on primary and secondary market      
    Total Euronext, (€ million)      
    Number of new equity listings 8 10  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 2,850 8,012 -64.0%
    Money Raised – Bonds 316,716 380,183 -17.0%
    Total Money Raised 319,803 388,352 -18.0%
    of which SMEs      
    Number of new equity listings 8 9  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 1,278 4,957 -74.0%
    Money Raised – Bonds 396 478 -17.0%
    Total Money Raised 1,911 5,591 -66.0%
    • FICC Markets

    Fixed income trading

      Q1 2025 Q1 2024 % var
    Transaction value (€ million, single counted)      
    MTS      
    ADV MTS Cash 56,791 34,658 +64.0%
    TAADV MTS Repo 508,929 491,789 +3.0%
    Other fixed income      
    ADV Fixed income 1,932 1,744 +11.0%

    Fixed income clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Bonds – Wholesale (nominal value in €bn – double counted) 8,160 7,392 +10.0%
    Bonds – Retail (number of contracts – double counted) 4,175,846 3,800,084 +10.0%

    Commodities markets

      Q1 2025 Q1 2024 % var
    Number of trading days              90 91 -1.1%
    Power volume (in TWh)      
    ADV Day-ahead Power Market          3.28 3.32 -1.2%
    ADV Intraday Power Market          0.43 0.29 +47.3%
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Commodity 7,886,335 7,193,909 +9.6%
    Futures 7,570,868 6,756,390 12.1%
    Options 315,467 437,519 -27.9%
    Derivatives ADV (in lots)      
    Commodity 125,180 114,189 9.6%
    Futures 120,173 107,244 12.1%
    Options 5,007 6,945 -27.9%
      31 March 2025 31 March 2024 % var
    Open interest (in lots)      
           
    Commodity 1,043,370 923,004 +13.0%
    Futures 841,449 584,361 +44.0%
    Options 201,921 338,643 -40.4%

    FX Markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    FX volume ($m, single counted)      
    Total Euronext FX 1,856,742 1,583,472 +17.3%
    ADV Euronext FX 29,472 24,742 +19.1%
    • Equity Markets

    Cash trading

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Number of transactions (buy and sell)      
    Total Cash Market 188,721,610 152,340,714 +24.0%
    ADV Cash Market 2,995,581 2,418,107 +24.0%
    Transaction value (€ million, single counted)      
    Total Cash Market 867,015 657,688 +31.8%
    ADV Cash Market 13,762 10,439 +31.8%

    Cash clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Shares (number of contracts – single counted) 76,849,676 58,446,470 +31.0%
    Derivatives (number of contracts – single counted) 42,112,910 5,823,089 +623.0%

    Financial derivatives markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63 –
    Derivatives Volume (in lots)      
    Equity 34,226,575 32,815,066 +4.3%
    Index 11,889,419 12,477,980 -4.7%
    Futures 6,946,746 7,240,666 -4.1%
    Options 4,942,673 5,237,314 -5.6%
    Individual Equity 22,337,156 20,337,086 +9.8%
    Futures 489,757 574,911 -14.8%
    Options 21,847,399 19,762,175 +10.6%
           
    Derivatives ADV (in lots)      
    Equity 543,279 520,874 +4.3%
    Index 188,721 198,063 -4.7%
    Futures 110,266 114,931 -4.1%
    Options 78,455 83,132 -5.6%
    Individual Equity 354,558 322,811 +9.8%
    Futures 7,774 9,126 -14.8%
    Options 346,784 313,685 +10.6%
           
    Open interest (in lots) 31 March 2025 31 March 2024 % var
    Equity 23,589,360 21,831,754 +8.1%
    Index 1,052,853 878,571 +19.8%
    Futures 477,425 638,777 -25.3%
    Options 575,428 239,794 +140.0%
    Individual Equity 22,536,507 20,953,183 +7.6%
    Futures 165,404 564,408 -70.7%
    Options 22,371,103 20,388,775 +9.7%

    1www.euronext.com/en/media/13322/download
    2 Definition in Appendix – adjusted for non-underlying operating expenses excluding D&A and non-underlying revenue and income.
    3   Fixed income, commodities and currencies
    4 Last twelve months reported and adjusted EBITDA
    5 Like-for-like basis at constant currency
    6www.euronext.com/en/about/media/euronext-press-releases/euronext-launches-european-common-prospectus-accelerate-capital
    7www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic
    8www.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-admincontrol
    9 Including revenue from power trading and clearing
    10 For the total adjustments performed please refer to the Appendix of this press release
    11 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    12 Unaudited figures
    13www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic

    Attachment

    The MIL Network –

  • MIL-OSI: Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) Increases Quarterly Distribution 13% to $0.17 From $0.15 Annual Distribution to $0.68 From $0.60 Per Share

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (the “Fund”) approved an increase in the annualized distribution to $0.68 per share, which will be paid $0.17 per share quarterly, commencing with the quarterly distribution payable on June 23, 2025 to common shareholders of record on June 13, 2025.

    The Fund intends to pay a quarterly distribution determined by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.

    Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

    All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject up to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their “net investment income”, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

    If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

    Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately 4% from net investment income, 80% from net capital gains and 16% would be deemed a return of capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Bethany Uhlein
    (914) 921-5546

    About The Gabelli Healthcare & WellnessRxTrust
    The Gabelli Healthcare & WellnessRx Trust is a diversified, closed-end management investment company with $218 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE: GRX
    CUSIP – 36246K103

    THE GABELLI HEALTHCARE & WELLNESSRx TRUST
        Investor Relations Contact:
        Bethany Uhlein
        914.921.5546
        buhlein@gabelli.com

    The MIL Network –

  • MIL-OSI USA: Governor Stein Announces Additional 330 New Jobs Coming to Wayne County Production Facility

    Source: US State of North Carolina

    Headline: Governor Stein Announces Additional 330 New Jobs Coming to Wayne County Production Facility

    Governor Stein Announces Additional 330 New Jobs Coming to Wayne County Production Facility
    lsaito

    Raleigh, NC

    Today Governor Josh Stein joined business leaders and local officials to announce a major expansion for Prolec-GE Waukesha, Inc., one of the nation’s largest manufacturers of power transformers. The company will add 330 new jobs as it invests $140 million to build a second manufacturing facility in Goldsboro.

    “Prolec GE’s expansion in North Carolina further solidifies the state as a manufacturing powerhouse across all sectors,” said Governor Josh Stein. “Our strong economy and world-class workforce continue to give businesses the confidence to keep investing in North Carolina. We’re excited about Prolec GE’s commitment to Wayne County.”

    Prolec GE Waukesha is a subsidiary of GE Prolec Transformers, Inc., a U.S. joint venture between Xignux and GE Vernova, and is headquartered in Waukesha, Wisconsin. Prolec GE Waukesha engineers, manufactures, installs, and services high-quality power transformers for investor-owned utilities, co-ops, municipalities, renewable project developers, data centers and other industrial sites. The company will build a new state-of-the-art manufacturing plant at its existing site to support the growing demand for power grid capacity in the United States. With new, sophisticated equipment, this expansion will double the Goldsboro facility’s current production volume of medium power transformers.

    “It is essential for government, industry, and community leaders to collaborate early and frequently to drive growth in the manufacturing sector,” said Juan Ignacio Garza Herrera, Xignux CEO and Prolec GE Chairman. “This $140M investment reflects our long-term commitment to creating sustainable value for North America’s energy market and our pride in energizing life and society to contribute to a better world. Our collaboration with the state of North Carolina, Wayne County, and our joint venture partner, GE Vernova, will be instrumental in helping us turn this commitment into something tangible that will benefit our customers and all those that rely on the country’s power grid.” 

    “It’s not a coincidence that another energy company is deepening its roots in North Carolina,” said Commerce Secretary Lee Lilley. “Prolec GE’s expansion is a vote of confidence in our workforce training efforts, infrastructure improvements, and recruitment tools that are attracting growing companies to every corner of the state.”

    While salaries for the new positions will vary, the average annual salary is expected to be $71,912, which exceeds the Wayne County average of $46,211. These new jobs could create a potential annual payroll impact of more than $23.7 million to the local economy.

    Prolec GE’s operation in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.05 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,696,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 106 percent, meaning for every dollar of potential cost to the state, the state receives $2.06 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    “On behalf of Wayne County, we welcome Prolec GE’s expansion. The new jobs and the investment into our county will bring economic growth and stability to Eastern NC,” said Senator Buck Newton. “The people of Wayne County will continue to support this company as it grows to its full potential insuring the equipment necessary to provide reliable energy is made in America. I am looking forward to witness the benefits this project will bring.”

    “Announcements like these happen through collaboration,” said Representative John R. Bell, IV. “With the partnership and diligence of our state and local officials, as well as the economic developers, we’re able to inject another surge of energy into our regional economy through Prolec GE’s expansion.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Community College System, Wayne Community College, North Carolina Global TransPark Economic Development Region, Wayne County, Wayne County Development Alliance, North Carolina’s Southeast, and Duke Energy. 

    May 14, 2025

    MIL OSI USA News –

  • MIL-OSI Global: M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable

    Source: The Conversation – UK – By Hossein Abroshan, Senior Lecturer, School of Computing and Information Science, Anglia Ruskin University

    The cyberattack that has targeted Marks & Spencer’s (M&S) is the latest in a growing wave of cases involving something called sim-swap fraud. While the full technical details remain under investigation, a report in the Times suggests that cyber attackers used this method to access M&S internal systems, possibly by taking control of an employee’s mobile number and convincing IT staff to reset critical login credentials.

    Sim-swap fraud is not a new phenomenon, but it is becoming increasingly dangerous
    and more prevalent. According to CIFAS, the UK’s national fraud prevention service, Sim-swap incidents have surged from under 300 in 2022 to almost 3,000 in 2023. What had been mainly a risk to cryptocurrency investors or online influencers is now much more prevalent.

    This form of cyberattack shows how major companies and ordinary people can be compromised through a tactic that exploits human factors, such as trust and how we have built our digital identities around mobile phones.

    Sim-swap fraud begins when a scammer convinces a mobile operator to transfer a victim’s number to a new sim card, or even an esim (one that’s embedded in the device), under the scammer’s control.

    This can be done over the phone, through an online chat, or even with the help of a
    bribed insider. Once the number is transferred, all calls and texts intended for the victim are redirected to the scammer. This includes those crucial verification codes used for logging into email, banking, messaging apps such as WhatsApp, and government services such as HMRC.

    This alone would be dangerous. But what makes sim-swap fraud so influential is
    that the cyber scammer often already has access to a patchwork of personal data
    about their target. That information may have been collected from data breaches,
    phishing attacks, low-reputation websites, or even the victim’s social media.

    People often underestimate the extent to which they reveal themselves online: a birthday posted on Instagram, a phone number included in a job posting, or a home address used in an online giveaway. Scammers combine this data to build a convincing profile, enough to fool a mobile operator’s customer service staff into believing they’re talking to the real account holder.

    How the sim-swap fraud works

    Once the scammer gains control of a number, the consequences are extensive.
    Attackers can access sensitive information, including personal documents and
    request and receive password reset links for the user’s other accounts. They can log in to WhatsApp or Telegram accounts, read private messages, impersonate the user, and even contact friends or family members to conduct further scams.

    The victims might see false messages posted in their names or fraudulent transactions made from their accounts. This can lead to financial loss, reputation damage, as well as emotional and mental health issues on the part of the victims.

    In the case of M&S, attackers apparently used this access to manipulate internal
    processes and gain access to sensitive systems. This highlights a broader risk:
    many companies still rely on phone numbers as a secondary verification method for
    staff, making their systems vulnerable to the same cyberattack used against
    individuals.

    How sim-Swap fraud works.
    Hossein Abroshan

    Reducing the risk

    While real-time detection of mobile number hijacking remains difficult, taking specific steps can significantly reduce the likelihood of being targeted and victimised. People should avoid sharing personal data unnecessarily, especially across multiple platforms and, very importantly, on unknown or untrusted websites.

    Many attackers don’t obtain all the necessary information from a single source. Instead, they collect it incrementally, using public profiles, marketing databases and past leaks to form a comprehensive picture.

    Being mindful of where you share your phone number, birthday or other identifiers can make it harder for others to impersonate you. It is also crucial to learn how phishing works and how to recognise it, so you will not submit your sensitive information to phishing or fake websites.

    Avoiding SMS-based authentication, where possible, is another key step. Many
    services now support authenticator apps, such as Google Authenticator, Microsoft Authenticator, Due or Authy, which are not tied to your mobile number. For mobile
    accounts themselves, setting up a unique pin or password to your account, which
    must be provided to authorise any changes, can add an extra layer of protection. This makes it harder for someone to initiate a sim swap without that code. However, users alone cannot fulfil this duty.

    Mobile network operators must strengthen identity verification practices, moving beyond basic questions about names and addresses that can be easily gathered or guessed. Banks and other financial institutions should reconsider using SMS or, at the very least, SMS-only as the default method for sensitive authentication. And companies, particularly those handling personal data or financial assets, need to train their IT and customer service teams to recognise the signs of identity based attacks.

    Sim-swap fraud is effective not because it’s highly technical, but because it exploits our trust in phone numbers for identity verification. The M&S case and similar examples show how fragile that trust can be – and why securing our mobile identities is no longer optional.

    Hossein Abroshan 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. M&S cyberattacks used a little-known but dangerous technique – and anyone could be vulnerable – https://theconversation.com/mands-cyberattacks-used-a-little-known-but-dangerous-technique-and-anyone-could-be-vulnerable-256739

    MIL OSI – Global Reports –

  • MIL-OSI USA: Rep. Estes Applauds Ways and Means Tax Legislation Vote

    Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

    Rep. Estes Applauds Ways and Means Tax Legislation Vote

    WASHINGTON – After about 18 hours of debate in the Ways and Means Committee, Rep. Ron Estes (R-Kansas) voted to advance the tax provisions as part of the full budget reconciliation bill. The tax legislation included several priorities from Rep. Estes.
     
    “The 2017 Tax Cuts and Jobs Act was a boon for families, small businesses, and our national economy, and allowing key provisions to expire would be devastating for Kansans,” said Rep. Estes. “I was pleased that our bill makes the lower tax rates for all Americans permanent, as well as extending and expanding the critical Child Tax Credit and increased standard deduction that benefits Kansas families and workers. Knowing that Americans are innovators and the need to encourage growth in the United States, the Ways and Means Committee included several of my priorities, including immediate expensing for research and development, tax parity for music creators and biofuel producers, and provisions that promote global competitiveness.”
     
    The tax legislation will be combined with the work from the other committees of jurisdiction, where it will then be marked up by the House Budget Committee, where Rep. Estes also serves.

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Tenney Celebrates the Passage of the One Big Beautiful Bill from the Ways and Means Markup

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today released the following statement on the passage of “The One, Big, Beautiful Bill” from the House Ways and Means Committee Markup.

    “Today, the House Ways and Means Committee voted to advance our portion of the One, Big, Beautiful Bill to deliver on President Trump’s America First agenda. This landmark legislation makes several aspects of the 2017 Trump Tax Cuts permanent, including reduced tax rates for individuals and families, the doubled standard deduction, and the doubled child tax credit. Not only did we extend this tax relief for families and prevent a 25% tax hike on taxpayers in NY-24, but we also made permanent the 199A Small Business Deduction that was set to expire at the end of 2025, protecting 40,720 small businesses in NY-24 from being hit with a 43.4% tax rate. While this legislation did not include all of my initiatives, including the New Markets Tax Credit, Technology for Energy Security, BASIC Act, Susan Muffley Act, the High-Quality Charter Schools Act and various other legislative priorities, I understand that individual priorities do not take precedence over ensuring that American families, workers, and businesses do not face the largest tax hike in the history of our country. House Republicans are moving ahead with President Trump’s One, Big, Beautiful Bill, working to solidify the promises we made to the American people by strengthening our economy and providing direct tax relief to families, farmers, and small businesses in rural America,” said Congresswoman Tenney.

    Highlights of this portion of the One, Big, Beautiful Bill include language to:

    • Make the 2017 Trump Tax Cuts permanent, preventing a 25% tax hike on taxpayers in NY-24.
    • Renew and make permanent the 199A small business deduction critical for the success of Main Street.
    • Save the average American family $1,700, the equivalent of 9 weeks of groceries.
    • Establish Savings Accounts for newborns.
    • Increase the university endowment tax.
    • Repeal the 1099-K gig worker reporting threshold, which would require Venmo, PayPal, and gig transactions over $600 to be reported to the IRS.
    • Enhance the Opportunity Zone program to create over $100 billion in new investments in 10 years.
    • Deliver on President Trump’s no tax on tips priority.
    • Create 6 million jobs for American workers.
    • Extend and expand the doubled Death Tax Exemption for 2 million family-owned farms.
    • Modernize and enhance the Low Income Housing Tax Credit, a critical tool to help address our nation’s ongoing housing shortage.
    • Terminate the tax-exempt status of terrorist-supporting organizations.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Judicial Branch Seeks $9.4 Billion in FY 2026 Budget Request

    Source: United States Courts

    Two federal judges told Congress that the Judiciary has been negatively affected by two straight years of flat funding in most accounts, and they said a 9.3 percent increase in appropriations for the upcoming fiscal year is needed to ensure that the Judiciary can perform its essential constitutional functions.

    “More than half of the branch’s accounts are operating … on funding levels that have not been adjusted since FY 2023,” said Seventh Circuit Judge Amy J. St. Eve, chair of the Budget Committee of the Judicial Conference of the United States. “An effective and efficient Judiciary is foundational to the system of government envisioned by our founders. … Adequate and consistent funding is absolutely critical to the conduct of those responsibilities.” 

    St. Eve testified (pdf) before the House Appropriations Subcommittee on Financial Services and General Government. Also testifying (pdf) was Judge Robert J. Conrad Jr., director of the Administrative Office of the U.S. Courts and secretary of the Judicial Conference. 

    The federal Judiciary is seeking $9.4 billion in discretionary funding from Congress for fiscal year 2026, according to the Judiciary’s budget request, which was made public on April 25. An additional $872 million in mandatory funding covers judicial salaries and retirement costs. 

    In written submissions that accompanied their oral testimony, Judges St. Eve and Conrad said funding is needed to maintain existing services, protect judges and courthouses, and bolster IT security. 

    St. Eve said the funding shortages are especially critical for defender services. Federal defender organizations are under a hiring freeze until at least Oct. 1. And due to insufficient funding this year, voucher payments to court-appointed private lawyers will be suspended in late July, two months before the end of the 2025 fiscal year. That will delay an estimated $93 million in payments until Oct. 1, when the new fiscal year starts. 

    “These disruptions in panel attorney payments negatively affect our panel attorneys,” St. Eve said, “potentially reducing their willingness to accept future appointments and jeopardizing the ability to provide necessary and timely representation.”  

    The Judiciary is requesting $1.8 billion for defender services, an increase of $315 million (22 percent) over the FY 2025 hard-freeze  level. This includes funding to cover the deferred payments to attorneys in the current fiscal year, St. Eve said. The request will also enable federal defender organizations to hire staff to address workload needs.

    “Fewer than 10 percent of federal defendants have the financial means to afford an attorney, and so the Judiciary’s Defender Services program provides representation in the overwhelming majority of cases,” St. Eve said. “In doing so, we not only protect that constitutional and statutory right for the accused, but we also improve the overall operation of the federal court system.”

    The judges noted that security funding has remained flat for two years, creating a growing safety threat to both judges and courthouses. For the Court Security account, the Judiciary is requesting $892 million, an increase of $142 million (19 percent) over the FY 2025 enacted level.

    Conrad cited the growing incidence of physical threats and public attacks on judges for decisions they make in the courtroom. 

    “The independence of the Judicial Branch is jeopardized when judges are threatened with harm or impeachment for their rulings,” Conrad said. “Our constitutional system depends on judges who can make decisions free from threats and intimidation. This is essential not just for the safety of judges and their families, but also to protect our democracy.” 

    The judges noted that courts have deferred significant amounts of critically needed new security systems and equipment spending in order to avoid reducing Court Security Officer staffing or the funds dedicated to protecting judges from threats and attacks.

    “This is one of the Judiciary’s accounts that is now operating at a hard freeze level for the second year in a row despite a dynamic and very active threat environment,” St. Eve said. “At a time when dozens of individuals have been criminally charged in connection with threats against judges and the U.S. Marshals Service (USMS) is taking extraordinary security measures to ensure judges’ safety, these reductions in security capabilities are extremely worrying.”

    Specific requests for security funding include: 

    • $91 million in increases for critical systems and equipment needs. This includes emergency management equipment, vehicle barriers and mobile guard booths, radios, screening equipment, as well as video management systems that enable visual monitoring of all areas of a courthouse and systems that restrict access to non-public areas like judges’ chambers.
    • An additional $4 million for the Judiciary’s Vulnerability Management Program, which serves as a resource to judges to enhance their personal security and that of their court facilities. A key function is helping judges remove personally identifiable information on the internet that can make judges vulnerable to attack. 
    • $ 7 million in new courthouse hardening funds to protect courthouses from external attacks, such as during public disturbances. 
    • An additional $2 million to add a targeted number of Court Security Office (CSO) positions to those circuits and districts that have been identified as short on CSOs relative to the approved staffing standard.

    Conrad said protecting courts from cyber-attacks also requires funding support. 

    “These attacks pose risks to our entire justice system, including civil and criminal court proceedings, law enforcement and national security investigations planned or underway, and trade secrets for businesses involved in bankruptcy proceedings or patent and trademark litigation,” Conrad said. “The Judiciary has been modernizing its cybersecurity operations and is continually strengthening its cybersecurity posture.  Sustaining these efforts and implementing additional security-related initiatives continues to require significant resources.”

    St. Eve closed by stressing the Judiciary’s commitment to containing costs. 

    “The Judiciary takes very seriously its commitment to the responsible stewardship of its funds. We have had a formal and active cost containment program in place for more than twenty years,” St. Eve said. “This cost containment mindset has become thoroughly ingrained into the Judiciary’s governance practices, and we are proud of our successes.”

    She added, “I understand that the FY 2026 budget we have put forward is a large one that requires serious investment. That is because such an investment is necessary to carry out our constitutional and statutory missions, and to support the fair, efficient, and secure administration of justice in this country.” 

    MIL OSI USA News –

  • MIL-OSI: PFMcrypto Introduces 1-Day Earning Plans as User Base Reaches 9.2 Million Across 192 Countries

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) — PFMcrypto, the most trusted cloud mining platform in 2025, has launched new 1-day earning plans to provide users with additional flexibility in generating passive cryptocurrency income. This development follows continued growth for the platform, which now serves over 9.2 million users in 192 countries.

    Founded in 2018, PFMcrypto enables individuals to earn cryptocurrency digital assets through a low-cost structure. The platform operates without requiring users to make deposits or connect external wallets. Its features are designed to accommodate both new and experienced users seeking low-barrier access to short-term earnings.

    Users can learn more and register at https://PFMcrypto.net.

    Platform Highlights

    • $10 Bonus for New Users: Upon registration, users receive a $10 credit in digital assets with no financial commitment.
    • Flexible Plans: Income cycles of 1, 2, or 5 days are available for users to activate.
    • AI-Based Optimization: The platform uses an automated system to switch between cryptocurrencies such as BTC, ETH, and SOL based on market trends.
    • Fast Withdrawals: Earnings are processed within 1 to 5 minutes, and users incur no withdrawal or maintenance fees.
    • Security Framework: Safety measures include cold wallet storage, two-factor authentication (2FA), and blockchain-based smart contracts.
    • Compliance Protocols: PFMcrypto enforces Know Your Customer (KYC) policies in line with international regulations.

    PFMcrypto has been recognized by Global Fintech Insights as the “Most Innovative Digital Asset Platform of 2025.” It supports 11 cryptocurrencies and is accessible in 10 languages. Verified user feedback reflects a satisfaction score of 4.7 out of 5 from over 1.4 million reviews.

    According to data published by Blockchain Analytics Group, digital asset tools with simplified structures and shorter earning cycles are seeing increased adoption globally. Platforms that eliminate traditional financial barriers while maintaining user control are gaining traction among individuals looking for additional income streams.

    An independent case study noted that a user generated $2,400 in digital asset returns over 30 days using the platform’s optimization features. PFMcrypto reports that such outcomes are possible due to its automated real-time switching between supported currencies, designed to reflect prevailing market performance.

    About PFMcrypto

    PFMcrypto is a cloud-based digital asset platform focused on providing access to passive cryptocurrency income without requiring deposits, technical skills, or hardware. Operating across 192 countries, the platform emphasizes transparency, accessibility, and regulatory compliance.

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4196cd29-edcc-429b-bd7c-a7ddf7c0de1f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3801aa5-57f0-47fb-ac58-fe1a2d4c0dba

    The MIL Network –

  • MIL-OSI Banking: APEC Education Ministers Issue Joint Statement Jeju, Republic of Korea | 14 May 2025 Issued by the 7th APEC Education Ministerial Meeting APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Source: APEC – Asia Pacific Economic Cooperation

    APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Gathering in Jeju under the theme “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper,” ministers emphasized the importance of regional cooperation to strengthen digital learning infrastructure, enhance education quality and equip learners with the skills needed to navigate a rapidly evolving technological landscape.

    The joint statement highlights the potential of artificial intelligence and emerging technologies to improve learning outcomes through personalized education. Ministers acknowledged that AI-powered tools—such as adaptive learning platforms—can help students address knowledge gaps and build strong academic foundations. To support this shift, they stressed the need to build teachers’ digital competencies through professional development and peer learning.

    Ministers encouraged greater collaboration across APEC economies to expand access to digital resources, share best practices, and develop policies that promote educational innovation. They reaffirmed support for initiatives under the APEC Education Strategy (2016–2030), the Arequipa Goals and the La Serena Roadmap to advance educational opportunities for all.

    The joint statement also further recognized the role of Technical and Vocational Education and Training (TVET) and lifelong learning in helping learners build future-ready skills and adapt to the changing demands of the digital economy.

    Read the Joint Statement of the 7th APEC Education Ministerial Meeting “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper

    Read the Chair’s Statement on the 7th APEC Human Resources Development Ministerial Meeting APEC Korea 2025

    For more information or media inquiries, please contact:
    [email protected]

    MIL OSI Global Banks –

  • MIL-OSI United Nations: Kazakhstan and Armenia launch SDG roadmaps on affordable and clean energy, with UNECE and ESCAP support

    Source: United Nations Economic Commission for Europe

    To help accelerate their progress towards Sustainable Development Goal (SDG) 7, which aims to ensure access to affordable, reliable, sustainable and modern energy for all, SDG 7 Roadmaps for Kazakhstan and Armenia have been developed under a joint UNDA project implemented by ESCAP and UNECE.  

    Kazakhstan has already achieved universal access to electricity and is very close to achieving universal access to clean cooking, which stood at 97.8 per cent in 2021. It is estimated that universal access to clean cooking will be achieved by 2030 under the current policy settings. Energy efficiency improvement needs to be boosted across different sectors in order to achieve a 3.4 per cent annual improvement, which would reduce energy intensity to 4.0 MJ/USD by 2030. There is significant scope to increase the efficiency of the country’s energy system. Concerted effort is needed to improve energy efficiency across the entire economy. The power sector is heavily reliant on coal leading to substantial GHG emissions. An increase in renewable energy-based power generation is essential to reduce emissions. 

    The Roadmap sets out the following four key policy recommendations to help Kazakhstan achieve the SDG 7 targets:  

    1) Improve energy efficiency across all economic sectors;  

    2) Proceed with electrification of the transport sector, which will reduce emissions and improve energy security;  

    3) Decarbonize the power supply, which is the key to achieving net zero emissions by 2050;  

    4) Decarbonize the heating sector to reduce emissions and improve energy security. 

    With the presence of multiple enabling frameworks, Armenia’s progress towards achieving the SDG 7 and NDC targets is promising. Armenia has achieved universal access to electricity in recent years. The current pace will be enough to close the clean cooking access gap by 2030. In Armenia, electricity is mainly generated by nuclear, hydro and thermal power plants. Armenia depends heavily on natural gas in its energy system, with a low share of renewable energy.  

    However, renewable energy capacity is expected to increase to almost 53 per cent by 2030, meeting the 50 per cent renewable capacity target, since a significant amount of solar and wind generation capacity will come on stream. Armenia’s energy efficiency plans could also improve the energy intensity. Following the SDG 7.3 energy efficiency definition, Armenia’s energy intensity is expected to be 2.8 MJ/US$2017 in 2030 under the current policy scenario. Armenia can even further lower its energy intensity to 2.7 MJ/US$2017 in order to align with the global energy efficiency improvement rate of 4 per cent per year. In addition to a highly efficient energy system, a faster transition towards cleaner energy sources, especially renewables in both electricity and heat generation, will help Armenia to reach Net Zero GHG emissions by 2050. 

    The Roadmap sets out the following four key policy recommendations to help Armenia achieve the SDG 7 targets as well as reduce reliance on imported energy sources:  

    1) Strong policy measures are required to address the gap in clean cooking by 2030;  

    2) Accelerating the efficiency of energy use in all economic sectors should be pursued; 

    3) Fuel switching strategies, including electrification, accelerate SDG 7 progress and provide multiple benefits in the long run;  

    4) Decarbonization of the power and heating supply provides the highest potential in GHG emission reduction as well as improvement of energy security. 

    The Launch events were held in Astana on 29 April 2025 and in Yerevan on 14 May 2025 respectively. The Launch in Yerevan was organized jointly by UNDP, UNECE, and ESCAP. Both documents are a result of ESCAP and UNECE efforts involving data collection, analysis, stakeholder consultations at the national level, and modelling using the National Expert SDG Tool for Energy Planning (NEXSTEP) that started in 2022. 

    UNECE and ESCAP remain committed to assisting Kazakhstan and Armenia in delivering a secure, resilient and sustainable energy future. 

    MIL OSI United Nations News –

  • MIL-OSI Canada: Travelling for Victoria Day or Memorial Day? The CBSA gives tips for a smooth trip

    Source: Government of Canada News (2)

    May 14, 2025
    Ottawa, Ontario

    The Canada Border Services Agency (CBSA) reminds travellers to plan ahead when crossing the border over the upcoming Victoria Day and the U.S. Memorial Day long weekends.

    Every day, the CBSA works hard to protect Canadians, support the economy and ensure the safe and efficient movement of people and goods across the border. In 2024, we welcomed over 93.4 million travellers, stopped over 34,400 kg of illegal drugs from entering our communities and kept more than 17,200 weapons and 930 firearms off our streets.

    The CBSA plans and prepares for long weekends and summer travel. We monitor traveller volumes and prioritize efficient processing of travellers at land ports of entry and at international airports, without compromising safety and security. If you encounter wait times at the border, it is likely because we are working behind the scenes to conduct examinations, seize drugs, firearms or stolen vehicles or prevent high-risk individuals from entering Canada.

    Here are some travel tips to help you plan for your trip:

    • Driving into Canada? Check border wait times to plan your route.
      • Early mornings are the best time to cross the border to avoid wait times.
      • The Monday of holiday long weekends tend to be the busiest.
      • Consider an alternative port of entry with shorter wait times or less traffic.
      • Check the port of entry’s hours of operation on the official CBSA Directory of Offices and Services.
      • If you are using a GPS application (such as Google Maps, Apple Maps or Waze) to direct you to a port of entry, consider checking different navigation options (such as fastest and shortest routes) to determine the preferred route of travel.
    • Have your travel documents handy. This will speed up processing times at the border.
    • Be prepared to declare. Declare everything you have with you upon entry into Canada. If arriving by land, you are responsible for everything inside your vehicle.
      • Goods purchased abroad: If you are a resident of Canada, personal exemptions allow you to bring goods, including alcohol and tobacco (up to a certain value), back to Canada without paying regular duty and taxes. Make sure you know how much you are bringing back in Canadian dollars and have your receipts readily available for the officer.
      • Surtaxes on certain U.S. goods. If you’ve purchased goods in the U.S. and are bringing them into Canada, you may have to pay a 25% surtax in addition to regular duties and taxes. For residents of Canada, this surtax applies only to goods exceeding your personal exemptions limit. Consult the lists of products surtaxed: complete lists of goods subject to the surtax. Visit the CBSA website for more details on how these surtaxes apply at the border. 
    • Flying into Canada? Use Advance Declaration and make your customs and immigration declaration up to 72 hours in advance of your arrival into Canada at participating airports.
    • When travelling with children, who are not your own or for whom you don’t have full legal custody, we recommend you have a consent letter from the parent or legal guardian authorizing you to travel with the child. We are always watching for missing children, and in the absence of the letter, officers may ask additional questions.
    • Know before you go: review the restricted and prohibited goods to avoid the possibility of penalties, including fines, seizure or prosecution. Make sure you have the information you need before attempting to bring items into Canada.
    • Leave behind: firearms, weapons, narcotics, and cannabis.

    We encourage you to read and follow all of our travel tips before arriving at the border.

    Not sure? Ask a CBSA officer. The best way to save time is to be open and honest with the border services officer. If you are not sure about what to declare, don’t hesitate to ask!

    For more information, visit the CBSA website or call us at 1-800-461-9999.

    MIL OSI Canada News –

  • MIL-OSI Asia-Pac: Remarks by CE at media session in Kuwait City (with photo)

    Source: Hong Kong Government special administrative region

    The Chief Executive, Mr John Lee, concluded the visit of the business delegation comprising representatives from Hong Kong and Mainland enterprises to Middle East together with the Chairman of the Hong Kong Trade Development Council, Dr Peter Lam; the Chairman of the Hong Kong General Chamber of Commerce, Ms Agnes Chan; and the Chairman of the Dongchao Information Technology (Shanghai) Company Limited, Mr Wang Chaoyou, in Kuwait City, Kuwait, today (May 14, Kuwait City time). Following are the remarks by Mr Lee:

    Chief Executive: Today marks the final day of our visit to Kuwait. I would like to extend my gratitude to the Kuwaiti Government for its high-level hospitality and meticulous arrangements. I am particularly grateful to the Kuwaiti Government for arranging the government team to stay at Bayan Palace. We are particularly grateful to the Acting Prime Minister for hosting the whole delegation for lunch at the Palace, leaving an unforgettable memory amongst all members of the delegation.

    Yesterday, I met with His Highness the Amir of Kuwait, followed by the meeting with His Highness the Crown Prince. And then I also met the Acting Prime Minister, who hosted a roundtable discussion attended by senior Kuwaiti officials. We share a common commitment to deepening bilateral co-operation in trade, investment and cultural exchanges.

    During our visit to Kuwait, we signed and reached 24 Memoranda of Understanding (MOUs) and co-operation agreements, spanning across trade, investment, financial services, technology, legal co-operation, customs facilitation, aviation, tertiary education, etc.

    Today is the last day of our Middle East visit. I would like to do a sum-up of my four-day visit to Kuwait and Qatar. The delegation comprised Hong Kong and Mainland business leaders. We achieved three key objectives:

    1. To strengthen government-to-government relations;
    2. To find new areas of collaboration;
    3. To make friends, and extend our network.

    The visit is successful, particularly in six areas.

    First, we strengthened relations between the Hong Kong Special Administrative Region (HKSAR) Government and the governments of Qatar and Kuwait, establishing collaborative consensus.

    Second, the visit resulted in a total of 59 MOUs and agreements, 35 in Qatar and 24 in Kuwait, spanning across diverse areas and laying a robust groundwork for multifaceted co-operation.

    Third, we deepened mutual understanding and strengthened commercial and trading networks. Delegation members have expanded their network and connections, promoting the strengths and opportunities of Hong Kong and the Mainland to partners in Qatar and Kuwait.

    Fourth, we showcased Hong Kong’s unique role under “one country, two systems” as a “super connector” and “super value-adder”, bridging global opportunities. I invited, for the first time, over 20 Mainland enterprise representatives to join the delegation, reflecting the synergy between Hong Kong and the Mainland. We together aim to provide end-to-end supply chain solutions for the Middle East and beyond.

    Fifth, we bolstered ties with Gulf Cooperation Council (GCC) member states. We created broader opportunities. Plus the two countries I have visited during my last Middle East visit, we have now visited four of the six GCC member states, representing two-thirds of the bloc and 90 per cent of its population The HKSAR Government is now actively exploring a free trade agreement with the GCC to further access this vital market.

    Sixth, we advanced people-to-people exchanges. Two days ago, I announced Qatar’s new 30-day visa-free arrangement for HKSAR passport holders. I am pleased now to further announce that the UAE (United Arab Emirates) will grant Hong Kong 30-day visa-free access starting May 15, while Oman will on the same date extend its visa-free period from 10 days to 14 days.

    In meetings with leaders and officials, I appreciated their forward-looking vision and understanding of Hong Kong’s unparalleled advantages under “one country, two systems” as a bridge between the Mainland and the world. Middle East countries are seeking diversification of risks and looking for opportunities in China and the HKSAR in order to join the tide of the global economic shift towards the East. In this, Hong Kong has boundless opportunities.

    Reporter: I just have a couple of questions for you, please. Can you talk to us about the relationship between Kuwait and Hong Kong in particular, and Kuwait and China in general? The second question is about the Memoranda of Understanding that you have signed yesterday and today. How can you describe them? And how do they benefit the relations between Kuwait and Hong Kong?

    Chief Executive: We have a very strong foundation of understanding and co-operation with Kuwait. Kuwait is the first country to sign two agreements together with Hong Kong. One is the agreement on investment protection and promotion, and another agreement is about the avoidance of double taxation. That speaks for the strong link, which has been established long ago between Hong Kong and Kuwait. We have been inspired by the Kuwait Vision 2035, which covers many areas in full alignment with what Hong Kong is doing and focusing on. The Kuwait Vision 2035 covers areas to transform Kuwait into financial centre, trading centre, infrastructure-building, human capital development, healthcare, sustainability, and also building Kuwait into a country of influence in this region and globally.

    Hong Kong has a vision very similar to Kuwait in this regard. Hong Kong is a financial centre, and is a shipping and trading centre, and we are developing Hong Kong into an I&T (innovation and technology) hub. We are quite proud of our education, because despite Hong Kong being just a city of 1 100 square kilometres, we have five universities that are within the top 100 globally, and we are quite strong in R&D (research and development), particularly a lot of our universities’ research has been graded outstanding. What we are working hard is raising Hong Kong’s profile in all this regard. Sustainability is also one of our focuses, both in what we do environmentally and also financially. We are doing a lot of green finance, and we emphasise strongly (ESG) compliance. That is where we are going, and we think there are a lot of things, because our visions just align so much together – a lot to do – and that is between Hong Kong and Kuwait. I am very thankful and grateful to His Highness, Amir of Kuwait, to meet me, and I am grateful to the Prime Minister also, to host a lunch in the palace for the whole team. Throughout all the meetings and discussions, we have very common understanding that we should co-operate more in different areas.

    Coming to the relation between China and Kuwait, China is Kuwait’s, I think, largest trade partner, and the diplomatic relations between China and Kuwait started long, long time ago, and the partnership is close and ever-rising. When I honourably saw His Highness, Amir of Kuwait, I felt his friendship, genuineness, and sincerity of building good relations between Kuwait and China. I am honoured to be able to be part of that success story. My whole team feels proud to be in that part of success story.

    Coming to the MOUs we have signed with Kuwait, both the governments and different parties, 24 agreements and MOUs, they cover a wide range of areas. Despite the very good foundation we already have, we are now formally telling people of the two places where are the main directions of co-operation both governments agree on. That helps in aligning direction, energy, focuses and also our time, because time is precious. So all of them now, these are the areas we can co-operate on and work hard on as well. That will bring returns in much shorter time, in much bigger scale. Already, I have heard some delegations forming to come to Hong Kong, so as to further continue the link. I am very positive with the overall results, and I will be seeing a lot of activities, not just between government-and-government exchange, but also business-to-business, individuals-to-individuals. And that is why I am also very thrilled to announce a lot of convenience that we have created for visa, for going through the boundary, both goods and people.

    (Please also refer to the Chinese portion of the remarks.)

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Cardiff set for UK Government jobs boost to drive growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cardiff set for UK Government jobs boost to drive growth

    Cardiff has been named as one of 13 locations where more Civil Service jobs will be moved in a boost for the local economy.

    Tŷ William Morgan House, Cardiff

    Under the shake up, government roles will be shifted outside of London to towns and cities in all four nations of the UK, delivering and developing policy closer to the communities it affects.

    The move is projected to bring £729 million worth of economic benefit to the 13 growth areas by 2030.

    Chancellor of the Duchy of Lancaster Pat McFadden, said:

    To deliver our Plan for Change, we are taking more decision-making out of Whitehall and moving it closer to communities all across the UK.

    By relocating thousands of Civil Service roles we will not only save taxpayers money, we will make this Government one that better reflects the country it serves. We will also be making sure that Government jobs support economic growth throughout the country.

    As we radically reform the state, we are going to make it much easier for talented people everywhere to join the Civil Service and help us rebuild Britain.

    Secretary of State for Wales Jo Stevens said:

    It is great news that Wales will be a major beneficiary of UK Government plans to develop policy closer to the communities it affects.

    This decision builds upon the strong presence that the UK Government already has in Wales while driving growth, boosting jobs and giving opportunity for Welsh talent to thrive.

    Currently, 9,230 civil service roles are based in Cardiff. More than 31,500 full time equivalent roles are based in Wales, with 14 major UK Government departments having a presence in the nation. 

    Thousands more government jobs will be moved to the 13 towns and cities across the UK, which have been named today.

    Government departments now will submit plans for how many roles they plan to move to each of the locations as part of the spending review.

    Changes will be introduced so talented young people from across the UK are able to progress straight from school or university into the Civil Service and rise all the way up to the most senior roles, without ever having worked in Whitehall.

    To ensure those based outside of London have equal professional growth and development opportunities, with full end-to-end careers, the Government will locate 50% of UK-based Senior Civil Servants in regional offices by 2030. 

    This will be supported by a new approach to the Fast Stream programme, which is the Civil Service graduate scheme, with at least 50% of placements offered outside of London. 

    The Prime Minister is keen to further enhance the impact of Government in places across the country, so that the Civil Service has an active presence in communities and contributes to local growth and job creation.

    The plans will see more roles working closer to frontline services, facilitating greater understanding of the real issues facing local services and people, and how central government policy can support them.

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –