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Category: Economy

  • MIL-OSI USA: House Democrats’ Litigation Task Force Challenges Trump’s Unlawful, Chaotic Imposition of IEEPA Tariffs

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Washington, D.C. —  Late Monday, House Democrats’ Litigation and Rapid Response Task Force led 148 Members of Congress in filing an amicus brief challenging President Donald Trump’s sweeping and chaotic tariffs unlawfully imposed under the International Emergency Economic Powers Act (IEEPA). The lawmakers’ brief stands up for Congress’s Article I exclusive legislative power to impose tariffs and regulate commerce, and argues that IEEPA does not give the President the power to impose reckless, on-again-off-again tariffs, which have wreaked havoc on the U.S. economy.

    The amicus brief was led by Task Force Co-Chairs Joe Neguse and Ranking Member Jamie Raskin; House Democratic Leader Hakeem Jeffries; and Ranking Members Gregory Meeks of the Committee on Foreign Affairs, and Richard E. Neal of the Committee on Ways and Means. It was filed in the matter of Oregon, et al., v. Trump, et al. which was brought forth by 12 States’ Attorneys General. 

    “Donald Trump promised to lower the cost of living on day one, but instead is raising prices, crashing our economy and driving us toward a recession. He has now imposed and backed away from his reckless tariffs and tax increases on multiple occasions, each time without authorization from Congress. This is unlawful, and it is unleashing harm on hardworking American taxpayers. I am thankful to Rep. Raskin, Rep. Meeks, Rep. Neal, Assistant Leader Neguse and the Litigation Working Group and Rapid Response Task Force for their efforts in leading House Democrats in our strong opposition to this illegal assault on everyday Americans,” said House Democratic Leader Hakeem Jeffries. 

    “What the Trump White House called ‘Liberation Day,’ most households across America remember as the day economic chaos was unleashed by this administration’s reckless tariff policies,” said Assistant Democratic Leader Joe Neguse. “Today, House Democrats are taking action, pushing back against the continued harm being inflicted on everyday Americans and reinforcing the constitutional authority of Congress.”

    “The Constitution gives Congress—not the President—the power to regulate commerce with other nations and to impose tariffs. Donald Trump is abusing emergency powers under IEEPA, which doesn’t mention tariffs, to impose sweeping and chaotic tariffs without any authorization from Congress. Trump’s wayward, on-again, off-again approach to tariffs imposed under IEEPA is terrible for the U.S. economy and damaging to American businesses and consumers. We’re going to court to defend Congress’ powers under Article I against executive usurpation and abuse,” said Ranking Member Jamie Raskin.

    “President Trump has abused IEEPA to impose sweeping tariffs that have hurt American families and businesses. IEEPA has never been used this way — and the so-called national emergencies behind these tariffs are baseless. It’s time for the courts to recognize this as flagrant abuse of executive power and end Trump’s chaotic trade war,” said Ranking Member Gregory Meeks. 

    “The Constitution is clear: Congress—not the president—holds the power to regulate trade,” said Ranking Member Richard E. Neal. “Congress never intended for IEEPA to be a blank check for chaos or a tool for economic retaliation against our allies. House Democrats are making clear: no president can hijack trade policy for political theatrics at the expense of American workers and families.”

    The Constitution gives Congress, not the President, the authority to impose tariffs, and the President can only raise tariffs if Congress has clearly delegated its authority to him. Although IEEPA (enacted in 1977) grants the president authority to impose sanctions, block foreign assets, and regulate economic transactions in response to “unusual and extraordinary threats” originating abroad, it is not a tariff statute and has never been used that way. Congress knows how to delegate tariff authority and has clearly done so on a number of occasions. When Congress does delegate such authority, it imposes substantive, procedural, and temporal limits on the president’s power in order to avoid economic chaos and protect the American people. 

    The full brief is available HERE. 

    For more information on House Democrats efforts to protect Americans against the unlawful actions of the Trump Administration, visit litigationandresponse.house.gov. 

    ###

    MIL OSI USA News –

    May 14, 2025
  • MIL-OSI Banking: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on VARTA AKTIENGESELLSCHAFT

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). VARTA AKTIENGESELLSCHAFT failed to submit its consolidated accounting documents for the financial year 2023 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form. The legal basis for the sanction is section 335 of the HGB.

    The company lodged an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Global Banks –

    May 14, 2025
  • MIL-OSI Security: Harbour Grace — Man arrested by RCMP East District General Investigation Section following internal fraud investigation

    Source: Royal Canadian Mounted Police

    Following an investigation that began in April 2023, charges have been laid by RCMP NL’s East District General Investigation Section (GIS) against 53-year-old Craig Williams.

    In April 2023, Independent Fish Harvesters Ltd. contacted the RCMP about possible internal fraud. Williams, who was the company’s office manager and accountant, was suspected as being involved.

    As part of the investigation, RCMP GIS engaged the Forensic Accounting Management Group (FMAG) and a forensic financial audit was completed. The investigation discovered internal fraud in excess of $125,000.00.

    Williams was arrested on March 12, 2025, and is charged with the following criminal offences:

    • Fraud over $5,000.00 – four counts
    • Theft over $5,000.00

    Williams is set to attend court in Harbour Grace on July 2, 2025.

    RCMP East District GIS thanks Independent Fish Harvesters Ltd. and FAMG for their cooperation and assistance provided during the police investigation.

    MIL Security OSI –

    May 14, 2025
  • MIL-OSI: Euronext completes the acquisition of Admincontrol

    Source: GlobeNewswire (MIL-OSI)

    Euronext completes the acquisition of Admincontrol

    The integration of Admincontrol accelerates Euronext Corporate Solutions development in the Nordics and scales up Euronext’s SaaS offering.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 13 May 2025 – Euronext, the leading European capital market infrastructure, today announces that it has completed the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. The transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed WACC between years three to five after closing1.

    Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. The acquisition accelerates Euronext’s strategic ambition to scale up its SaaS offering and increases Euronext’s share of subscription-based revenue. It more than doubles the size of the Euronext governance offering and broadens capabilities with state-of-the-art solutions addressing mission-critical workflows.

    Admincontrol has seen double-digit annual growth over the last five years and recorded NOK 452 million of revenues and NOK 200 million of EBITDA and 44% EBITDA margin in 20242. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services, which represented €170.8 million in 20243.

    Stéphane Boujnah, CEO of Euronext, said: “The acquisition of Admincontrol positions Euronext Corporate Solutions as a leader in the governance SaaS space and expands our access to new clients in the Nordics where we have already expanded our presence over the years with promising growth prospects. Admincontrol will benefit from Euronext Corporate Solutions’ unique network and expertise across Europe to boost the growth of its state-of-the-art governance solutions. We look forward to welcoming Admincontrol’s talented teams to further accelerate the deployment of its strategy in Europe.”

    Møyfrid Øygard, CEO of Admincontrol, said: “Joining Euronext is a significant milestone in Admincontrol’s growth journey. Excellent governance is critical for the Euronext network of issuers and customers, and we are excited to bring our complementary product offering to market, supporting Euronext Corporate Solutions’ business and its position in the Nordics.”

    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.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    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. 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.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.


    1 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    2 Based on unaudited figures
    3 Based on Euronext’s new reporting framework: http://www.euronext.com/en/media/13322/download

    Attachment

    • 20250513_Euronext PR_Admincontrol closing

    The MIL Network –

    May 14, 2025
  • MIL-OSI: Foodie Squirrel ($FDS) Sells Out on NovaMeme; IEO Launching on Toobit Speed Zone

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, May 13, 2025 (GLOBE NEWSWIRE) — Foodie Squirrel ($FDS), a meme token created to bring food lovers into the Web3 ecosystem, has successfully completed its Initial DEX Offering (IDO) on NovaMeme, selling out in just five minutes. The strong market response underscores growing interest in community-powered tokens with cultural relevance.

    Following this milestone, Foodie Squirrel will launch its Initial Exchange Offering (IEO) on Toobit Speed Zone, offering broader access to the token ahead of its official listing on Toobit. This exclusive token launch feature gives users early access to emerging tokens ahead of their official listing, giving new projects greater visibility while providing users with a valuable first-mover advantage.

    “Foodie Squirrel’s IDO generated some of the fastest engagement we’ve seen on NovaMeme,” said Perry, founder of NovaMeme. “It’s a great example of how storytelling, culture, and utility can combine to capture real user interest. We’re excited to support the project as it grows its presence across the Web3 space.”

    Foodie Squirrel is designed to engage users at the intersection of food culture and decentralized finance. With an emphasis on community participation, digital ownership, and social engagement, Foodie Squirrel aims to foster an inclusive ecosystem centered around shared passion and online expression.

    The token’s IDO was hosted on NovaMeme, a decentralized launchpad that supports early-stage projects through transparent, community-first fundraising models. Backed by Mantle EcoFund, Bybit, Bybit Web3, HashKey, and OKX, NovaMeme continues to attract high-interest projects within the meme and culture-driven crypto space.

    For more information on Foodie Squirrel, visit: https://www.foodiesquirrel.com/

    About NovaMeme

    NovaMeme is a leading decentralized finance (DeFi) launchpad that empowers creators and traders. Dedicated to offering fair and innovative asset launch solutions, the fundraising platform bridges the gap between early-stage projects and the DeFi community. NovaMeme is community-first, and is supported by Mantle Ecofund, Bybit, Bybit Web3, Hashkey, and OKX.

    For more information about NovaMeme, visit: Website | X | Telegram | Discord

    Contact: Davin C.
    Email: pr@nova.meme
    Toobit
    market@toobit.com
    Website: www.toobit.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/734073db-e268-43f1-9bd2-c64d0a9a17ca

    The MIL Network –

    May 14, 2025
  • MIL-OSI: Fluxys Belgium: Regulated information – Payment of dividend

    Source: GlobeNewswire (MIL-OSI)

    The Ordinary General Meeting of Shareholders of 13 May 2025 decided to distribute a dividend for the financial year 2024 and set the gross amount at EUR 1.40 per share.

    The net dividend, after deduction of the 30% withholding tax, amounts to EUR 0.98 per share and is payable as from 21 May 2025.

    Holders of dematerialised and registered shares on 20 May 2025 will receive the dividend as from 21 May 2025 as follows:

    • The dividend of dematerialised shares will be paid automatically by the financial intermediary holding the shares on behalf of the shareholder.
    • The dividend of registered shares will be paid directly to the shareholders entered in the register.

    According to Euronext procedure: Ex date: 19.05.2025 / Record date: 20.05.2025 / Payment date: 21.05.2025

    The MIL Network –

    May 14, 2025
  • MIL-OSI: FAVO Capital Announces Participation in the D. Boral Capital Inaugural Global Conference

    Source: GlobeNewswire (MIL-OSI)

    FORT LAUDERDALE, Fla., May 13, 2025 (GLOBE NEWSWIRE) — via IBN — FAVO Capital, Inc. (OTC: FAVO) (“FAVO Capital” or the “Company”), a leading provider of revenue-based funding solutions for small and medium-sized businesses (SMBs), today announced that it will participate in the D. Boral Capital Inaugural Global Conference, where Shaun Quin, President of FAVO Capital, will engage with potential investors and highlight the Company’s growth strategy and market opportunities.

    Conference Details:

    • Date: Wednesday, May 14, 2025
    • Location: New York City
    • Venue: The Plaza Hotel

    “We are looking forward to engaging with potential investors and learning what exactly the industry is looking for in a company about to IPO”. Said Vincent Napolitano, CEO of FAVO Capital, he added, “We believe this platform will showcase the company to new and potential investors.”

    The D. Boral Capital Inaugural Global Conference is a premier event bringing together emerging growth issuers and institutional investors. With approximately seventy-five companies presenting and hundreds of institutional investors in attendance, the conference provides FAVO Capital with a platform to showcase its innovative funding solutions and engage directly with the investment community.

    “We are excited to participate in the D. Boral Capital Inaugural Global Conference,” said Shaun Quin, President of FAVO Capital. “This event is an excellent opportunity for us to connect with investors, share our strategy, and highlight our growth story as we embark towards an uplisting.”

    Investors attending the conference are encouraged to reach out to FAVO Capital to arrange one-on-one meetings with the Company’s management team.

    About FAVO Capital, Inc.

    FAVO Capital, Inc. (OTC: FAVO) is a private credit firm specializing in alternative financing solutions for small and medium-sized businesses (SMBs) across the United States. Since its inception, FAVO Capital has supported more than 10,000 businesses. FAVO Capital is committed to financial transparency, sustainable growth, and empowering SMBs with flexible funding solutions. Headquartered in Fort Lauderdale, FL, the company also has operations in New York and the Dominican Republic.

    For more information, visit www.favocapital.com and follow us on LinkedIn and X.

    Investor Alerts

    Interested investors and shareholders are encouraged to sign up for press releases and industry updates by registering for Email Alerts at FAVO News Alerts.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, projections, estimates, and expectations regarding future trends, financial performance, and operational strategies. Forward-looking statements are often identified by words such as “expects,” “anticipates,” “intends,” “believes,” “plans,” “seeks,” “estimates,” “may,” “will,” “should,” or similar expressions.

    These statements are based on the company’s current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those expressed or implied. Factors that may cause such differences include, but are not limited to, market conditions, regulatory developments, competition, economic conditions, and the company’s ability to execute its business strategy.

    Actual results may differ materially from those anticipated, and investors are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release, except as required by law.

    Company Contact:

    FAVO Capital, Inc.
    4300 N University Drive
    D-105
    Lauderhill, FL 33351

    Investor Relations:
    Scott McGowan
    InvestorBrandNetwork (IBN)
    Phone: 310.299.1717
    ir@favocapital.com

    The MIL Network –

    May 14, 2025
  • MIL-OSI: Santech Holdings Limited Files Its Fiscal Year 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 13, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (“Santech” or the “Company”) (NASDAQ: STEC) today announced that it has filed its annual report containing its audited combined financial statements for the fiscal year ended June 30, 2024 on Form 20-F with the Securities and Exchange Commission (the “SEC”) on May 13, 2025 Eastern Time. The annual report can be accessed on Santech’s investor relations website at https://ir.santechholdings.com and on the SEC’s website at http://www.sec.gov. The Company will provide hard copies of the annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be sent to ir@santechholdings.com.

    About Santech Holdings Limited

    Santech Holdings Limited (NASDAQ: STEC) is a technology-focused company. The Company historically served a large number of high net-worth clients in China and Hong Kong in wealth management, asset management and health management, and accumulated a large customer base. The Company has since exited or disposed of its historical businesses in financial services, and is actively exploring innovative new opportunities in technology verticals, including and not limited to consumer technologies and enterprise technologies. For more information, please visit https://ir.santechholdings.com.

    Safe Harbor Statement

    This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Investor Contact:

    Santech Holdings Limited
    Email: ir@santechholdings.com

    The MIL Network –

    May 14, 2025
  • MIL-OSI Africa: Unemployment rate increases by 1%

    Source: South Africa News Agency

    Tuesday, May 13, 2025

    The official unemployment rate has crept up by 1% to reach 32.9% in the first quarter of 2025.

    This according to Statistics South Africa’s (Stats SA) Quarterly Labour Force Survey released on Tuesday morning.

    “There was a decrease of 291 000 in the number of employed persons to 16.8 million from 17.1 million in Q4: 2024, while there was an increase of 237 000 in the number of unemployed persons to 8.2 million. This resulted in a decrease of 54 000 [down by 0,2%] in the labour force during the same period.

    “Discouraged work-seekers increased by 7000 [up by 0.2%], and the number of persons who were not economically active for reasons other than discouragement increased by 177 000 [up by 1.4%] between the fourth quarter of 2024 and the first quarter of 2025. This led to an increase of 184 000 in the number of the not economically active population, to 16.7 million,” Stats SA said.

    The expanded unemployment rate increased by 1.2 percentage points to 43.1%.

    “The number of persons employed in the formal sector decreased by 245 000 in Q1: 2025, and the informal sector employment increased by 17 000 over the same period. The largest industry increases in employment were recorded in transport [67 000] finance [60 000] and utilities [35 000].

    “Decreases in employment were recorded in trade [194 000], construction [119 000], private households [68 000], community and social services [45 000], and mining [35 000],” the institution said.

    The provincial breakdown of increases and decreases in employment is as follows:

    • Western Cape: 49 000 increase
    • Gauteng: 9000 increase
    • Free State: 4000 increase
    • KwaZulu-Natal: 104 000 decrease
    • Eastern Cape: 83 000
    • North West: 57 000 decrease
    • Limpopo: 55 000 decrease
    • Mpumalanga: 43 000 decrease
    • Northern Cape: 12 000 decrease

    The institution highlighted that South African youth remain “vulnerable in the labour market”.

    “The results for the first quarter of 2025 show that the total number of unemployed youth increased by 151 000 to 4.8 million, while employed youth recorded a decrease of 153 000 to 5.7 million. 

    “As a result, the youth unemployment rate increased from 44.6% in the fourth quarter of 2024 to 46.1% in the first quarter of 2025,” Stats SA said. – SAnews.gov.za

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    MIL OSI Africa –

    May 14, 2025
  • MIL-OSI Africa: Stage 2 load shedding to be implemented during evening peak

    Source: South Africa News Agency

    Eskom has announced that it will implement Stage 2 load shedding during evening peak from 4pm today until 10pm on Thursday evening.

    The power utility explained that the move is aimed at managing “limited generation capacity and to ensure continued supply during the working days”.

    “This decision follows the delayed return of generation units, amounting to 3 120MW, as well as an additional loss of 1 385MW in the past 24 hours due to unplanned breakdowns.

    “The primary reason for this setback is the delay in returning several units from planned maintenance. These delays, coupled with an unplanned capacity loss that has now temporarily exceeded 13 000MW, align with the risk scenarios shared in our Winter 2025 Outlook,” Eskom said.

    The electricity provider added that essential intense maintenance at power stations “temporarily reduces system flexibility and resilience”.

    “As a result, the grid is more sensitive to unexpected disruptions. We sincerely apologise for the inconvenience this causes. Eskom remains firmly committed to supplying electricity reliably. 

    “Our teams continue to work with determination and professionalism to stabilise and strengthen the system as a result of the structural improvements across the generation fleet. Load shedding incidents have significantly decreased when compared to previous years.

    “The recent setbacks impacted our operational performance and have been acknowledged in our Winter Outlook, along with a clear recovery plan,” Eskom said.

    Furthermore, the system remains in a stronger position than in past winters, with 96% of our generating capacity available over the past financial year, compared to just 9% in previous year.

    “We also continue to expand capacity. Three major Eskom projects are on track to bring an additional 2 500MW onto the grid — a crucial milestone toward full recovery, with commitment from our private sector partners to deliver on their commitments,” the power utility said.

    Eskom Group Chief Executive, Dan Marokane, assured that the setbacks at the power utility are being addressed.

    “Our new Operational Excellence Programme is key to restoring performance. We are reinforcing oversight, strengthening accountability, and aligning service providers with stricter performance standards. This forms part of our broader drive for consistent improvement through Systems, People, and Processes.

    “We are determined to build on the progress already achieved. The delays in returning units are being addressed with urgency by senior leadership,” Marokane said. – SAnews.gov.za

    MIL OSI Africa –

    May 14, 2025
  • MIL-OSI Africa: Tourism a powerful economic driver in SA and Africa

    Source: South Africa News Agency

    Tourism remains a powerful economic driver in South Africa and across the continent, says Tourism Minister Patricia de Lille.

    “In 2024, South Africa alone welcomed 8.9 million tourists, and their direct spending contribution was R91.6 billion, supporting an estimated 1.6 million jobs,” the Minister said on Tuesday.

    She was speaking at Africa’s Travel Indaba 2025 – a showcase of Southern African tourism products and services for the international travel trade – which is currently underway in Durban.

    Tourism in South Africa makes a significant contribution to the economy, creating jobs and independent livelihoods.

    “In the first quarter of 2025, South Africa welcomed close to 2.6 million tourists, reflecting a 5.7% growth compared to the same period in 2024,” de Lille said.

    According to UN Tourism, in 2024, tourism in Africa saw a sharp rebound, with a 96% recovery compared to 2019, positioning the continent among the world’s fastest-growing regional tourism destinations.

    “I am proud to announce that this year’s Indaba welcomes over 1300 exhibitors, delegates from 27 African countries and over 1200 vetted international buyers from 55 source markets.

    “The tourism economy of tomorrow is African. It is diverse, youthful, digital, and green. But we know that we cannot rest. We need to break through to a much higher rate of growth. We need a plan we can implement immediately,” de Lille said.

    The Minister said 75% of South Africa’s international arrivals come from the rest of Africa.

    “Our collective presence here signifies more than market access – it signals Africa’s readiness to lead, innovate, and inspire the global tourism landscape.

    “We are especially honoured to welcome new participants from Chad, St Helena, and Burkina Faso, whose presence affirms Indaba’s growing role as a truly continental platform,” the Minister said.

    The Minister said it was fitting that the G20 2nd Tourism Working Group meeting was taking place on the sidelines of Africa’s Travel Indaba. She said this placed African tourism at the centre of global dialogue.

    The department is working on finalising a Tourism Growth Partnership Plan for the next 5 years. With the plan, the department aim to grow total employment from approximately 1 840 000 in 2024 to 2 500 000 jobs; grow domestic spend by 25%; grow GDP contribution from approximately 8.8% in 2024 to 10% as well as welcome an extra one million international air arrivals annually. – SAnews.gov.za

    MIL OSI Africa –

    May 14, 2025
  • MIL-OSI Asia-Pac: CE leads delegation to begin visit to Kuwait (with photos/ videos)

    Source: Hong Kong Government special administrative region

    CE leads delegation to begin visit to Kuwait (with photos/ videos) 
    In the morning, Mr Lee met with the Amir of Kuwait, Mr Meshal Al-Ahmad Al-Jaber Al-Sabah, who is the head of state of Kuwait; the Crown Prince of Kuwait, Mr Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah; and the Acting Prime Minister, Mr Fahad Yousuf Saud Al-Sabah, to exchange views on strengthening co-operation between Hong Kong and Kuwait. Mr Lee then attended a roundtable meeting chaired by the Acting Prime Minister, engaging in in-depth discussions with senior officials of the Kuwait Government on areas such as finance, trade, and innovation and technology (I&T). Mr Lee and the Acting Prime Minister witnessed the signing of Memoranda of Understanding by Invest Hong Kong and the Hong Kong Trade Development Council with the Kuwait Direct Investment Promotion Authority respectively. He and the delegation also participated in a luncheon hosted by the Acting Prime Minister.
     
    Mr Lee noted that Kuwait is the first member of the Cooperation Council for the Arab States of the Gulf (GCC) to sign both an Investment Promotion and Protection Agreement and a Comprehensive Avoidance of Double Taxation Agreement with Hong Kong, establishing a robust framework and foundation for economic and trade co-operation between the two places.
     
    He said that Kuwait has been actively developing a diversified economy in recent years, proposing Kuwait Vision 2035 to promote digital transformation and develop the country into a regional and international financial and trade centre. Hong Kong, as an international financial, shipping and trade centre with world-class professional services, has vast opportunities for co-operation with Kuwait in areas such as finance, investment, digital economy, and I&T, and can assist Kuwait in advancing its Vision 2035. Noting that Kuwait is the rotating President of the GCC currently, Mr Lee expressed his anticipation to strengthen co-operation between Hong Kong and Kuwait, adding that he looks forward to establishing closer economic, trade and cultural exchanges with more GCC member states.
     
    Mr Lee highlighted that Hong Kong enjoys the advantage of connecting the country with the world under the “one country, two systems” principle. Hong Kong will fully leverage its role as a bridge to serve enterprises in going global and attracting external investment, complementing the strengths of Mainland enterprises while deepening international exchanges and co-operation. He welcomed the Kuwaiti Government and enterprises to utilise Hong Kong’s role as a “super connector” and “super value-adder” to explore new opportunities under the Belt and Road Initiative for mutual benefit.
     
    Later, Mr Lee and the delegation met with representatives of a local corporation, Bukhamseen Group Holding Company, to learn about the latest developments in the company’s businesses in construction, real estate, financial services, and culture and tourism. Mr Lee introduced Hong Kong’s development opportunities and its highly internationalised and market-oriented business environment with its pool of professional services talent. He welcomed the company to use Hong Kong as a springboard to develop diversified businesses and tap into the Mainland market, better grasping the immense opportunities brought by the Belt and Road Initiative and the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
     
    Mr Lee then visited the Sheikh Abdullah Al Salem Cultural Centre to learn about Kuwait’s arts and culture projects and developments. The Sheikh Abdullah Al Salem Cultural Centre, which opened in 2018, comprises eight buildings, six of which are museums with different themes, housing a total of 22 display halls.
     
    Mr Lee said that the Hong Kong Special Administrative Region (HKSAR) Government is committed to developing Hong Kong into an East-meets-West centre for international cultural exchanges, with the West Kowloon Cultural District as one of the world’s largest arts and culture projects. Both Hong Kong and Kuwait place importance on arts and culture development, and he said he looks forward to further deepening connections and co-operation in cultural exchanges between the two places.
     
    The delegation led by Mr Lee attended a dinner hosted by the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the State of Kuwait, Mr Zhang Jianwei. Mr Lee expressed gratitude to the Embassy for making meticulous arrangements for this visit and for its continued support to the HKSAR Government and the Hong Kong Economic and Trade Office in Dubai. The HKSAR Government will continue to promote economic, trade, and cultural exchanges between Hong Kong and Kuwait.
     
    Mr Lee will lead the delegation to continue its visit to Kuwait tomorrow (May 14), meeting with local political and business leaders, and visiting enterprises.
    Issued at HKT 23:47

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    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 14, 2025
  • MIL-OSI: Chino Commercial Bank Receives Super Premier Performing Recognition

    Source: GlobeNewswire (MIL-OSI)

    CHINO, Calif., May 13, 2025 (GLOBE NEWSWIRE) — Chino Commercial Bank, the wholly owned subsidiary of Chino Commercial Bancorp (OTC: “CCBC”), was recently recognized by The Findley Reports on Financial Institutions by receiving Findley’s highest rating of “Super Premier Performing Bank.” The Bank, which has branches in Chino, Ontario, Rancho Cucamonga, Upland, and a new branch planned for Corona, received the recognition from Findley for its financial and operational performance during the 2024 year. The recognition by Findley was based upon multiple factors, including Profitability, Return on beginning Equity and Loan performance.

    Dann H. Bowman, President and CEO, stated, “We are very pleased to receive Findley Reports’ highest rating of Super Premier Performing Bank. 2024 was a very good year for the Bank, with increased revenue, earnings and earnings per share, in addition to strong credit performance. With the Bank’s strong capital position and low loan losses, we are in a good position to expand lending to the consumers and businesses in our area.”

    Contact: Dann H. Bowman, President and CEO or Melinda Milincu, Vice President and CFO, Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, Ca. 91710, (909) 393-8880.

    The MIL Network –

    May 14, 2025
  • MIL-OSI: U.S. Ski & Snowboard, Stifel Extend Groundbreaking Title Partnership Through 2034

    Source: GlobeNewswire (MIL-OSI)

    PARK CITY, Utah and ST. LOUIS, May 13, 2025 (GLOBE NEWSWIRE) — U.S. Ski & Snowboard and Stifel Financial Corp. (NYSE: SF) are proud to announce a landmark renewal of their partnership from May 2026 through April 2034. This unprecedented 8-year agreement marks the most expansive partnership in U.S. Ski & Snowboard’s history and reflects a bold, shared vision through the next three Olympic and Paralympic Winter Games.

    Under the renewed agreement, Stifel will be the title partner of the Stifel U.S. Ski Team, supporting the alpine, cross country, freeski, moguls, aerials, ski jumping, nordic combined and Para alpine teams, as well as the exclusive financial services partner of U.S. Ski & Snowboard.

    “As we look ahead to three Olympic and Paralympic Games, including a home Salt Lake City-Utah 2034 Games, this extended partnership with Stifel represents a generational investment in our teams and our athletes,” said Sophie Goldschmidt, President and CEO of U.S. Ski & Snowboard. “Stifel’s support has also enabled us to implement innovative new initiatives that are having a direct impact on the organization. From World Cup podiums to grassroots development, Stifel’s belief in the power of sport and our athletes has been a game-changer.”

    Since launching the partnership in 2022, Stifel’s support of U.S. Ski & Snowboard has driven record-breaking performances, increased the visibility of U.S. athletes and fueled the growth of competitive skiing in the U.S. Over the initial three years of partnership, the Stifel U.S. Ski Team has achieved historic success both athletically and as an organization.

    Organizationally, U.S. Ski & Snowboard has expanded its World Cup footprint in North America with the support of Stifel, bringing the total amount of World Cups from four to a record 11 in 2024-25. In the same season, the organization’s streaming and broadcast audience has doubled, earned media surpassed 30 billion impressions and social media impressions increased 70%.

    2024 was also a record-breaking year for Stifel, highlighting the strength and balance of a diversified business model, achieving net revenues of $4.97 billion, the highest in the firm’s history, and delivering a 23% return on average tangible equity, with non-GAAP net earnings of $756 million, or $6.81 per share – a 46% increase from the prior year. And finally, over the year, Stifel’s share price increased 56.4%.

    “The news of Stifel’s renewal as title sponsor of the Stifel U.S. Ski Team is so incredible,” said two-time Olympic champion Mikaela Shiffrin. “Ron (Kruszewski, Chairman and CEO of Stifel) and Stifel have shown amazing support for snow sports and are truly invested in the stories of our athletes and the growth of our sports, which has translated into more success on the mountain.”

    “Stifel has opened up so many opportunities for us as athletes and humans looking to reach our full potential, and I am so grateful for their support and proud to be part of their team,” said Olympic champion cross country skier Jessie Diggins. “Their commitment to helping us reach the top level is incredible and makes all the difference!”

    “The Stifel U.S. Ski Team partnership continuation is monumental for both parties,” said two-time Olympic medalist freeskier Alex Ferreira. “It is where success meets success. I am humbled and grateful to benefit from all sides.”

    Stifel also launched innovative programs around the increased domestic World Cup events, including the Stifel HERoic Cup, designed around U.S. Ski & Snowboard’s HERoic initiative celebrating women’s sport. Stifel also invested in the Stifel Bibbo Award for the athlete who moves up the most in ranks in alpine World Cup races, and continues to support the Stifel Success Tour, development-level NorAm races in the U.S. that feed the Stifel U.S. Ski Team pipeline. Additionally, Stifel supported the Stifel Snow Show, a weekly series on CNBC, Peacock and YouTube that highlighted the achievements and stories of U.S. Ski & Snowboard athletes each week throughout the season.

    The Stifel brand will remain prominently displayed on team uniforms and event signage at US events, along with a continuation of the Stifel U.S. Ski Team branding across digital and broadcast platforms. Stifel will also support a new performance bonus program for athletes and coaches based on key results during the season.

    “This partnership is about helping athletes reach their full potential,” said Ron Kruszewski, Chairman and CEO of Stifel. “As the firm Where Success Meets Success, we believe in backing those who strive for excellence—and that’s exactly what these athletes do, every day. We’re proud to support them not only as champions on the podium, but as role models, teammates and leaders who inspire us all.”

    QUOTES
    Mikaela Shiffrin, Stifel U.S. Alpine Ski Team
    The news of Stifel’s renewal as title sponsor of the Stifel U.S. Ski Team is so incredible. Ron and Stifel have shown amazing support for snow sports and truly are invested in the stories of our athletes and the growth of our sports which has translated into more success on the mountain.

    Jessie Diggins, Stifel U.S. Cross Country Ski Team
    Stifel has opened up so many opportunities for us as athletes and humans looking to reach our full potential, and I am so grateful for their support and proud to be part of their team. Their commitment to helping us reach the top level is incredible and makes all the difference!

    Alex Ferreira, Stifel U.S. Freeski Team
    The Stifel U.S. Ski Team partnership continuation is monumental for both parties. It is where success meets success. I am humbled and grateful to benefit from all sides.

    Nick Page, Stifel U.S. Freestyle Ski Team
    Thank you Stifel for all of your support – it means the world to have you in our corner and on our team. I’m looking forward to the future and our continued success in 2026.

    Niklas Malacinski, Stifel U.S. Nordic Combined Team
    Having Stifel step up as the title sponsor of the Stifel U.S. Nordic Combined Team means the world to us. It’s not just an investment in our sport but it’s a belief in our potential. Their support gives us the opportunity to focus on training and competition so we can be at our best. We’re proud to wear their name and represent the U.S. with everything we’ve got.

    Andrew Kurka, Stifel U.S. Para Alpine Ski Team
    Stifel has been huge supporter of the Para alpine team. Helping fund our development, pipeline and giving us the support we need to pursue our careers as athletes. Most Para sports aren’t seen as equal opportunity athletic endeavors. But the fact that Stifel stands behind us, helping to fund our team. Shows they see the big picture and treat athletes on the US Ski team as more than just philanthropic endeavors.

    Tate Frantz, Stifel U.S. Ski Jumping Team
    Having Stifel come on as a title sponsor is a huge boost for our team. Their support means we can keep pushing the limits and representing our country at the highest level. It’s exciting to have a partner that believes in our journey and wants to be part of the ride.

    ABOUT STIFEL
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com.

    ABOUT U.S. SKI & SNOWBOARD
    U.S. Ski & Snowboard is the Olympic and Paralympic National Governing Body of ski and snowboard sports in the USA, based in Park City, Utah. Started in 1905, the organization now represents nearly 240 elite skiers and snowboarders competing on 10 teams: alpine, cross country, freestyle moguls, freestyle aerials, snowboard, freeski, nordic combined, ski jumping, Para alpine and Para snowboard. In addition to the elite teams, U.S. Ski & Snowboard also provides leadership and direction for tens of thousands of young skiers and snowboarders across the USA, encouraging and supporting them in achieving excellence. By empowering national teams, clubs, coaches, parents, officials, volunteers and fans, U.S. Ski & Snowboard is committed to the progression of its sports, athlete success and the value of team. For more information, visit www.usskiandsnowboard.org

    FOR MORE INFORMATION
    Courtney Harkins
    U.S. Ski & Snowboard, Director of Marketing & Communications
    courtney.harkins@usskiandsnowboard.org

    Rhett Geraghty
    Stifel, Director, Advisor Recruiting & Brand Marketing
    geraghtyr@stifel.com

    The MIL Network –

    May 14, 2025
  • MIL-OSI Russia: Xi Jinping, Brazilian President Attend Cooperation Document Signing Ceremony /more details/

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 13 (Xinhua) — Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva attended a signing ceremony of cooperation documents in Beijing on Tuesday.

    L.I. Lula da Silva is in China on a state visit.

    At the Great Hall of the People in Beijing, the two heads of state attended the signing of 20 cooperation documents in areas such as synergy of development strategies, science and technology, agriculture, digital economy, finance, customs and quarantine supervision, and media. –0–

    MIL OSI Russia News –

    May 14, 2025
  • MIL-OSI USA: Amata Commends Entrepreneurs for Small Business Week

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amata is commending entrepreneurship for Small Business Week, and thanking small businesses for their important role in the community. 

    “Small businesses are the heartbeat of our economy. You mean so much to our community. May your diligent planning lead to well-earned thriving for your small business! (Proverbs 21:5)

    “Thank you to the small businesses all over our islands. We depend on you for what we need, just as you depend on your customers, and in that exchange of goods and services we uplift one another. 

    “Most of our businesses qualify as small businesses including our shopping, restaurants, and other services. Thank you for investing and building right here. Building a small business always involves risk and hard work, but that entrepreneurial vision can build something special over time.

    “Finally, thank you to the many influencing or involved in our business community, including American Samoa Small Business Development Center, ASCC, the American Samoa Chamber of Commerce, and other local leadership efforts, clubs, groups or associations that support small business growth, and educators who teach the skills needed for employers.

    “I support a helpful limited government role that encourages growth by keeping taxes down and regulations sensible, while putting the focus on improving the infrastructure priorities we need and share.”

    ###

    MIL OSI USA News –

    May 14, 2025
  • MIL-OSI USA: Adding More Affordable Mixed-Use Housing in Brooklyn

    Source: US State of New York

    overnor Kathy Hochul and New York City Mayor Eric Adams today announced the completion of Logan Fountain, a new affordable housing development in the Cypress Hills neighborhood of Brooklyn. The $214 million project transformed a vacant parcel into affordable apartments, transitional housing for homeless families, and new retail space. With 343 total units, the new building includes 173 affordable apartments and 169 units of transitional housing, as well as one unit reserved for a superintendent. The development is a city-state project with investments from New York State Homes and Community Renewal (HCR), New York City Department of Social Services (DSS), and New York City Housing Preservation and Development (HPD). Since the Governor has taken office, HCR has financed over 7,600 affordable homes in Brooklyn. Logan Fountain continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “It’s simple: the only way to address the housing crisis is to build more housing,” Governor Hochul said. “New Yorkers deserve a safe, stable and affordable home. By working together with Mayor Adams and our partners in New York City, we can address the needs of New Yorkers and create the types of modern and sustainable homes that uplift communities and allow families to grow.”

    New York City Mayor Eric Adams said, “Every day, we are working to make New York City more affordable, and our whole-of-government approach is allowing us to partner with Governor Hochul and the state today to deliver over 340 units of affordable and transitional housing. This project will provide exactly the type of long-term stability our families need to help them thrive — providing them access to on-site services, resources, and housing. We are thrilled to open this world-class building with crucial supports and energy efficient designs that will make a lasting impact on hundreds of families, and which will serve as a model for how we can smartly address our decades-long housing crisis.”

    Apartments are available to households earning up to 70 percent of the Area Median Income. Of the 173 affordable apartments, there are 105 supportive apartments with onsite social services including case management, career counseling, mental health support, and referrals to healthcare. Logan Fountain was designed to appeal to families of different sizes and has a mix of studios, one-, two-, and three-bedroom apartments. Additionally, the building includes ground-floor retail, play areas, fitness space, and a courtyard.

    Logan Fountain will also host 169 units of transitional housing for families. Designed with trauma-informed principles, HELP New Leaf will offer critical support for families including clinical care, employment counseling, and housing placement support.

    Logan Fountain’s sustainability measures include rooftop solar panels for on-site energy generation, a Variant Refrigerant Flow heating and cooling system that captures and repurposes heat already in the environment, as well as ENERGY STAR (r) appliances.

    The project to redevelop the vacant site into a mixed-use hub for families was identified in the New York City Department of City Planning’s East New York Neighborhood Plan. The project’s developer is Hudson Companies, Jericho Project is providing the onsite support services, and HELP USA is operating the transitional housing within the building.

    The 173 affordable and supportive apartments at Logan Fountain are supported by HCR’s Federal Low-Income Housing Tax Credit Program which generated nearly $50 million in equity and $18 million of long-term bond financing from its Housing Finance Agency.

    The site is also participating in the New York State Department of Environmental Conservation’s successful Brownfield Cleanup Program and will be eligible for approximately $9 million in tax credits to be issued by the New York State Department of Taxation and Finance. Operational funding for the 105 supportive apartments is being provided by the New York City 15/15 Supportive Housing Program. DSS’s 30-year contract facilitates financing for the development and not-for-profit ownership of the 169 units of transitional housing.

    Additional support included $24 million from HPD’s Supportive Housing Loan Program, $1 million in discretionary capital funding from the New York City Council, and over $150,000 in incentives from the New York State Energy Research and Development Authority.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “HCR’s investment in affordable housing will bring benefits to Brooklyn’s Cypress Hills community for generations to come. With affordable apartments, family-friendly amenities, and energy-efficient features, Logan Fountain demonstrates the potential housing can have on the lives of New Yorkers and the future of our neighborhoods. We thank Governor Hochul for her dedication to addressing the housing crisis in Brooklyn, and we appreciate the continued collaboration and support from City Hall and our partner agencies.”

    NYSERDA President and CEO Doreen Harris said, “Reimagining vacant infrastructure by incorporating the latest sustainable building technologies moves New York State forward in its just and equitable transition to a clean energy economy. The transformation of Logan Fountain will help to meet the diverse, local needs of the Brooklyn community, while creating comfortable, and affordable spaces for future generations.”

    New York State Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “Cleaning up environmental pollution in communities like Brooklyn unlocks investments in critical needs like affordable housing, transitional housing services, and commercial development. New York State’s Brownfield Cleanup Program is a vital tool that supports community revitalization across the state and the Logan Fountain project in Cypress Hills is a prime example of how this successful cleanup program is helping advance Governor Hochul’s continued efforts to increase affordable, sustainable housing statewide while also protecting public health and the environment.”

    New York City Housing Preservation and Development Acting Commissioner Ahmed Tigani said, “Turning a former gas station into the largest project of its kind in New York City with affordable homes, supportive services, and transitional shelter all under one roof shows what real public-private partnership can deliver. Logan Fountain is a powerful example of what’s possible when we rethink how underused land can serve our communities. These 105 supportive homes, along with critical onsite care, reflect a new model for housing that prioritizes stability, dignity, and opportunity.”

    New York City Department of Homeless Services Administrator Joslyn Carter said, “The Logan Fountain is an exemplary project that transforms underutilized city space into much-needed supportive and transitional housing for vulnerable families. At DHS, we are committed to reimagining the shelter system through innovative high-quality models and strong provider partnerships that enhance our delivery of services and strengthen pathways to long-term housing stability for New Yorkers experiencing homelessness. We are grateful to our partners at HELP USA, The Hudson Companies, and others as we continue to raise the bar on the physical infrastructure of our shelter system.”

    U.S. Senator Charles Schumer said, “I’m proud that the federal Low-Income Housing Tax Credit that I worked hard to protect and expand has generated $68 million to help build Logan Fountain in Cypress Hills, Brooklyn — a new development with 174 affordable apartments and a 169-unit family shelter with on-site support services. I applaud Governor Hochul’s efforts to create and preserve affordable homes across the state, especially for vulnerable New Yorkers, and I will continue working to deliver the federal resources needed for more affordable housing options.”

    State Senator Roxanne J. Persaud said, “This is an incredible addition to the Cypress Hills neighborhood. By providing affordable housing alongside comprehensive wraparound services, Logan Fountain sets a standard for how we should address community needs — strengthening families, supporting vulnerable New Yorkers, and building more resilient neighborhoods.”

    Brooklyn Borough President Antonio Reynoso said, “I am thrilled to see what was once a vacant gas station transformed into a vibrant mixed-use facility with more than 300 units of housing, including transitional housing for our most vulnerable neighbors. Logan Fountain’s unique financing embodies the innovative thinking we need more of to make a dent in our housing crisis. I am so thankful to Governor Hochul and NYS Homes and Community Renewal for supporting Logan Fountain and their long-term commitment to building desperately needed housing in Brooklyn.”

    New York City Council Member Sandy Nurse said, “Logan Fountain will bring hundreds of much-needed affordable, supportive, and transitional housing units to Brooklyn. I am particularly grateful that forty-one percent of the units will be family sized units, which will help stem the exodus of primarily Black families from the city. This project will help stabilize those most in need of permanent housing and allow families to put down roots in East New York.”

    Hudson Companies President David Kramer said, “Logan Fountain stands as the largest project of its kind in New York City — a truly groundbreaking achievement that brings much-needed housing and social services to East New York. Today’s ribbon-cutting marks the transformation of a long-vacant site into a vibrant, mixed-use development designed to support and uplift our most vulnerable residents and tackle the city’s housing crisis. We’re deeply grateful to Governor Hochul for her support in bringing this development to life and to The Jericho Project and Help USA for their vital role in delivering these essential social services.

    Jericho Project CEO Tori Lyon said, “Jericho Project is honored to provide support to the 105 families residing in Logan Fountain’s supportive housing complex — a critical initiative made possible through strong public and private partnership. Through our integrated service model – which includes mental health care, employment support, family counseling, and housing stabilization – our experienced staff will help ensure these families have the tools and support necessary to thrive.”

    HELP USA President and CEO Dan Lehman said, “HELP New Leaf Family Shelter at Logan Fountain is a powerful example of what’s possible when the City and State work in true partnership with nonprofits and private developers. This shelter stands on the site of HELP 1 — our very first family shelter — which opened in the 1980s and set a national standard for transitional housing. As we celebrate HELP USA’s 40th anniversary and our work serving more than 30,000 people each year, New Leaf reflects all we’ve learned since then — a new model of care, services, and design built to meet the complex needs of today’s families. Logan Fountain is more than a building — it’s a commitment to dignity, stability, and opportunity for families rebuilding their lives.”

    Governor Hochul’s Housing Agenda
    Governor Hochul is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the Fiscal Year FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives for Upstate communities, new incentives and relief from certain state-imposed restrictions to create more housing in New York City, a $500 million capital fund to build up to 15,000 new homes on state-owned property, an additional $600 million in funding to support a variety of housing developments statewide and new protections for renters and homeowners. In addition, as part of the FY23 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. Nearly 60,000 homes have been created or preserved to date.

    The FY25 Enacted Budget also strengthened the Pro-Housing Community Program which the Governor launched in 2023. Pro-Housing certification is now a requirement for localities to access up to $650 million in discretionary funding. Over 300 communities have currently been certified, including the City of New York.

    MIL OSI USA News –

    May 14, 2025
  • MIL-OSI Africa: Angola at 50: Angola Oil & Gas (AOG) 2025 Affirms Oil and Gas as a Development Driver

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

    LUANDA, Angola, May 13, 2025/APO Group/ —

    As sub-Saharan Africa’s second largest oil producer and an emerging global gas player, Angola is revitalizing its oil and gas sector through policy reform, upcoming projects and aligned industry goals. The country has secured over $60 billion in commitments over the next five years, reflecting the growing interest by international financiers and operators in advancing Angolan projects. As the country continues to promote investment, the upcoming Angola Oil & Gas (AOG) conference affirms the role oil and gas plays as a fuel for development in Angola.  

    This year’s edition of AOG – taking place September 3-4 in Luanda – is hosted under the theme Angola 50 Years: Oil and Gas as a Development Driver, highlighting the fundamental role the industry has played in the country’s economic growth. Taking place on the eve of Angola’s 50 years of independence celebration and with a focus on policy improvements, upcoming investment prospects, major developments and cross-sector opportunities, the event underscores how investing in Angola will unlock long-term growth and high returns.  

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    Angola’s oil and gas industry is at a critical juncture, striving to address production decline while accelerating sustainable growth. An upcoming licensing round – planned for this year – in tandem with the country’s 2025-2028 project pipeline is set to bolster production and unlock greater value from the industry. Major developments include the New Gas Consortium’s Quiluma and Maboqueiro fields (2026); the Azule Energy-led Agogo Integrated West Hub Development (late-2025); the TotalEnergies-operated Kaminho Deepwater Development (2028); and the Cabinda Oil Refinery (2025). Beyond existing projects, Angola has committed to unlocking its frontier basins, with the Namibe-Benguela, Etosha-Okavango and Kassanje basins at the fore. ExxonMobil is leading exploration in Namibe while Vietnam’s XTG signed a deal to explore the Etosha-Okavango basin in 2025. Future discoveries will augment the industry’s contribution to the economy while creating new opportunities for joint ventures, increased output and value addition.  

    By sustaining production above one million barrels per day, Angola is positioning the oil and gas industry as a fuel for cross-sector development. The industry already supports activities across key sectors, including mining, agriculture and industry. With goals to become a globally-leading critical mineral producer, produce 17.5 million carats of diamonds by 2027 while enhancing fertilizer production for agri-operations, strengthened synergies between the hydrocarbon, mining and agricultural industries would stand to drive future growth. As such, the government has been implementing policies to support multi-sector development.

    Regulatory reform and aligned policies are expected to support future projects while diversifying the industry through natural gas monetization. To offset production decline, the country implemented an Incremental Production Decree, comprising attractive firms for companies re-investing in producing assets. The country is also expected to introduce its Gas Master Plan in 2025, designed to attract investment across the gas value chain. These policies have already begun to entice spending, and the government is promoting a flexible approach to investing in Angola.

    The AOG 2025 conference steps into this picture to provide a platform where the industry can connect, engage and sign deals. In celebration of 50 years of independence and energy leadership in Angola, the event unites stakeholders from across the economy. Major sponsors have already come on board, underscoring the value AOG plays in supporting portfolio expansion and brand exposure by major oil and gas players. Sonangol Integrated Logistics Services, Cabship and Azule Energy have joined as Gold Sponsors; FAMAR and Petrotec have joined as Silver Sponsors; while Algoa Cabinda Services and Enagol have joined as Bronze Sponsors. There are still a range of sponsorship opportunities available. Visit www.AngolaOilAndGas.com for more information.

    MIL OSI Africa –

    May 14, 2025
  • MIL-OSI Security: Disrupting criminal finances in Africa: INTERPOL’s Silver Notice

    Source: Interpol (news and events)

    NAIROBI, Kenya – Law enforcement and financial crime experts from across Africa have gathered for a workshop dedicated to promoting and implementing the INTERPOL Silver Notice and Diffusion.

    Organized crime in Africa, as in other regions, thrives on illicit financial flows and the laundered proceeds of crimes such as scams, illegal logging, terrorism and corruption. These crimes are increasingly supported by complex financial structures that span borders.

    Launched in January 2025, the INTERPOL Silver Notice allows participating countries to request information related to criminal assets — such as real estate, vehicles, financial accounts, or businesses — with links to individuals suspected or charged of various offences including fraud, drug trafficking and migrant smuggling. The mechanism supports cross-border intelligence exchange and can lay the groundwork for subsequent requests for asset seizure or confiscation under national legal frameworks.

    The Silver Notice, currently in pilot across 51 countries, is one of several tools—alongside the I-GRIP stop-payment mechanism—empowering agencies to move swiftly against illicit finances and fraud.

    The four-day event (13-16 May) brings together 85 participants from 12 pilot African countries including representatives from INTERPOL National Central Bureaus, financial intelligence units, prosecutors’ offices, judicial authorities and asset recovery focal points. This regional session follows similar workshops held in the Americas and Europe earlier this year.

    Mohamed I. Amin, Director of Kenya’s Directorate of Criminal Investigations, said:

    “The Silver Notice is more than a tool, it is a symbol of global solidarity against crime. By targeting illicit wealth, we strike at the heart of criminal enterprises and uphold justice. Let us commit to leveraging this mechanism, ensuring that crime never pays, anywhere, at any time.”

    Theos Badege, Director pro tempore of INTERPOL’s Financial Crime and Corruption Centre said:

    “Money is the thread that runs through almost every form of organized crime. For some, it’s the motive; for others, the means. To dismantle criminal networks, we must follow the money—identify it, trace it, and disrupt the financial systems that enable these operations to survive and expand.”

    INTERPOL Silver Notice/ Diffusion Pilot: Regional Workshop for Africa

    IFCACC Director: Theos Badege, Director pro tempore of INTERPOL’s Financial Crime and Corruption Centre

    Alena Kern, Head of Development Cooperation of the German Embassy

    DCI Director: Mohamed I. Amin, Director of Kenya’s Directorate of Criminal Investigations

    Building capacity for maximum impact

    Throughout the workshop, participants will explore how to leverage INTERPOL’s full range of capabilities—including its Notices, databases, expert networks, and operational support tools—to conduct financial investigations and disrupt criminal economies. Sessions also focus on emerging technologies, such as the use of cryptocurrencies and blockchain in laundering illicit funds.

    Interactive table-top exercises and case-based discussions are designed to encourage regional exchange, identify common challenges and stimulate the practical use of Silver Notices in ongoing cases.

    The workshop was supported by German Development Cooperation through the GIZ Global Program Combatting Illicit Financial Flows and the GIZ Program on Strengthening Good Governance in Kenya, as well as the EU-joint action SecFin Africa.

    MIL Security OSI –

    May 14, 2025
  • MIL-OSI Security: Lebanese National Sentenced to 14 Years in Prison for Running a Ponzi Scheme

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

    Note: See the factual proffer here.

    MIAMI – On May 8, 2025, Henry Abdo, 48, of Lebanon, was sentenced to 168 months in prison and ordered to pay a $300,000 fine and $375,479 in restitution by United States District Court Judge William P. Dimitrouleas.

    Abdo pled guilty in federal court to orchestrating a fraudulent scheme that solicited over $6 million from investors under false pretenses. According to court records, Abdo’s company, Titanium Capital LLC, purported to operate a foreign exchange platform that guaranteed fixed returns for investors. In reality, Titanium Capital had no such platform, and Abdo used investor funds to pay off earlier investors and finance his personal lifestyle.

    Beginning in July 2014, Abdo falsely claimed that Titanium Capital was a “zero-risk” investment fund that generated profits from fees on foreign currency transactions. Abdo further deceived investors by claiming Titanium Capital was part of a multibillion-dollar holding company, had developed proprietary software, and was registered with the Securities and Exchange Commission. None of these claims were true.

    Court documents indicate that Abdo solicited investments through in-person meetings, emails, video conferences, and phone calls. Abdo directed potential investors to websites and promotional materials that falsely depicted Titanium Capital as a legitimate enterprise. In truth, Titanium operated as a classic Ponzi scheme, using funds from new investors to pay earlier investors while diverting large sums of money for Abdo’s personal use, including international travel and other expenses.

    In addition to fraudulent investment claims, court records reveal that Abdo attempted to bolster his credibility by falsely associating himself with various charitable and educational organizations. Abdo also falsely claimed that Titanium Capital’s profits were donated to assist the blind and handicapped.

    After soliciting millions from over 200 investors, Abdo’s scheme unraveled. Many victims were financially devastated. Several victims reported losing retirement accounts and personal savings that they had relied on for basic living expenses, such as food and medication.

    U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and acting Special Agent in Charge Brett Skiles of the FBI, Miami Field Office, made the announcement. 

    FBI Miami’s Palm Beach Resident Agency investigated the case. 

    Assistant U.S. Attorney Jonathan Bailyn and Justin Chapman in West Palm Beach, Florida, prosecuted it.  

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 23-cr-80209.

    ###

    MIL Security OSI –

    May 14, 2025
  • MIL-OSI United Kingdom: New ‘engine for growth’ package announced as Defence Secretary closes London Stock Exchange

    Source: United Kingdom – Executive Government & Departments

    Press release

    New ‘engine for growth’ package announced as Defence Secretary closes London Stock Exchange

    Industry, innovators and investors will benefit from a new partnership with UK Defence, making it easier and more attractive to do business than ever before.

    • New partnership with business launched in the heart of City of London to unlock innovation, create skilled jobs and boost investment, as part of the Government’s Plan for Change.
    • John Healey MP becomes first Defence Secretary to close the day’s market at London Stock Exchange, announcing new Defence ‘Tech Scaler’ initiative to drive innovations from idea to frontline.
    • New report shows small and medium enterprises funded by the Ministry of Defence have attracted nearly £600 million private equity investment, supporting over 1,000 new jobs across the UK.  

    Launching this new partnership with a package of measures including a new ‘Tech Scaler’ pilot, John Healey MP will today become the first Defence Secretary to close the day’s market at the London Stock Exchange, underlining the government’s backing for the defence industry as an engine for national renewal and economic growth.

    Speaking to business leaders, military personnel and private financiers, he called for an end to prejudice against defence investment and outlined how defence is driving economic growth, boosting British jobs and national security, underpinning the Government’s Plan for Change.

    Defence Secretary John Healey MP said:

    The war in Ukraine confronts us with the truth that a military is only as strong as the industry which stands behind it.

    I’m here today – at this most crucial time – to help forge a new partnership between industry, innovators and investors.

    UK Defence is open for business and together we can make Britain secure at home and strong abroad.

    National security is at the heart of our Plan for Change, and is essential for economic security, investor confidence and social stability.

    The Defence Secretary set out a package of measures to foster easier access to the defence market, including:

    • Defence Tech Scaler: A new Ministry of Defence Marketplace to drive innovations from idea to front line, with Enterprise Agreements for software, data and AI suppliers, to make it easier for innovative businesses, of all sizes, to do business with defence. As part of this, the Ministry of Defence has signed four Enterprise Agreements with firms including Adarga, Haedean, Oxford Dynamics and WhiteSpace – to a total value of up to £50 million.

    • Procurement Reform: A new segmented approach and radically faster targets for procurement in three areas: 1) major equipment – planes, tanks, ships – will go from an average of six to two years to get on contract; 2) upgrades to communications and weapons systems will go from an average of three to one year to get on contract, and 3) purchases of off-the-shelf kit – such as drones and software – will run in three-month cycles. For Armed Forces, this will mean they will get what they need when they need it, and for investors, it will mean a timelier return on investment.

    • Defence Innovation: A new innovation organisation, UK Defence Innovation, will help deliver cutting-edge technology to the Armed Forces and will be up and running by July this year, with a ring-fenced budget of £400 million this financial year.

    • Defence Industrial Joint Council, led by the Defence Secretary, will host its first meeting next month, and help co-ordinate public-private investment strategies – boosting investment into UK defence and delivering new jobs across Britain.

    These measures come as a new report shows the value of the defence industry to the wider UK economy. The report, published today, found that funding from the MoD’s Defence and Security Accelerator (DASA) to 461 small and medium enterprises (SMEs) resulted in nearly £600m in private investment and created 1,842 new jobs across the UK. £174 million was raised in 2024 alone, demonstrating defence as an engine for UK economic growth and delivering on the government’s Plan for Change. DASA continues to fund and support SMEs developing defence technology innovations, particularly dual-use technologies serving both civilian and military needs.

    Daniel Maguire, Group Head, London Stock Exchange Group said: 

    The defence industry plays a vital role in the wider UK economy, supporting jobs and creating long-term value alongside ensuring our national security. We welcome the Government’s new measures and hope that LSEG can support in initiatives designed to help unlock capital for companies, boost growth, and promote innovation.

    Last month, the Government welcomed the launch of a new UK Defence and Economic Growth Task Force – led by the Confederation of British Industry (CBI) CEO and consulting firm Oliver Wyman, and jointly chaired by the Chancellor and Secretary of State for Defence. The Task Force will meet for the first time this month to unlock the potential of the UK’s defence sector to drive long-term national growth, innovation, and economic resilience.

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    Updates to this page

    Published 13 May 2025

    MIL OSI United Kingdom –

    May 14, 2025
  • MIL-OSI: Reliance Global Group Schedules First Quarter 2025 Financial Results and Business Update Conference Call

    Source: GlobeNewswire (MIL-OSI)

    Lakewood, NJ, May 13, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Wednesday, May 14, 2025, at 4:30 PM Eastern Time to discuss financial results for the first quarter 2025 and provide a business update.

    The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 848176. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/52473 or on the investor relations section of the Company’s website, https://relianceglobalgroup.com/events-and-presentations/.

    A webcast replay will be available on the investor relations section of the Company’s website at https://relianceglobalgroup.com/events-and-presentations/ through May 13, 2026. A telephone replay of the call will be available approximately one hour following the call, through May 27, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52473.

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com 

    The MIL Network –

    May 14, 2025
  • MIL-OSI: Blockchain-based HUMO token backed by government bonds to be piloted in Uzbekistan

    Source: GlobeNewswire (MIL-OSI)

    TASHKENT, Uzbekistan, May 13, 2025 (GLOBE NEWSWIRE) — Uzbekistan is set to pilot a new asset-backed token, HUMO, tied to government bonds. The project aims to create innovative methods of attracting foreign investment, increase transparency of financial transactions, and establish an even more attractive investment environment.

    The HUMO token will be backed by government bonds. This structure is intended to provide price stability while minimizing speculative volatility – often a key concern for tokenized instruments.

    It should be noted that the project fully complies with the legislative requirements of the Republic of Uzbekistan regarding the circulation of crypto assets.

    Institutional anchors and technical foundations

    The project is being developed with support from several domestic and international partners. HUMO, the payment system serving over 35 million cardholders and widely integrated into the country’s banking and retail sectors, will serve as the foundation of the project. HUMO’s vast integration with banks and merchants naturally sets the token for mass adoption.

    Technical development is spreadheaded by Asterium, a local crypto service provider, and Broxus, blockchain infrastructure vendor. The project is planned to be launched based on two technologies – EVM and TVM. The technological foundation chosen for TVM is Tycho, a protocol that will ensure support for high loads, scalability, and cost-effective transactions. Tycho is built to support high throughput and low transaction costs, which is critical for potential government-scale use cases.

    Token benefits: Transparency, cost reduction, and integration

    The HUMO token aims to facilitate instant payments, reduce transaction fees, and improve transparency by recording operations on a public blockchain. According to project headliners, it may also help limit informal financial flows and improve the efficiency of cashless payments.

    Alexey Maksimov, Chairman of HUMO, noted that the launch of the HUMO-backed token is an important step towards building an innovative and modern financial system in Uzbekistan: “The creation of this token, fully backed by real assets, will help increase public trust, simplify transactions, and accelerate the development of the country’s digital economy. One of our key objectives is to enhance transparency and reduce the risk of fraud, which is especially important in the current environment.“

    Komilkhuzha Sultonov, Director of Asterium, described the initiative as a step towards integrating blockchain into everyday financial processes: “The HUMO token project lays the groundwork for a new financial system. We are creating a solid infrastructure that integrates modern technology into daily financial transactions, making interactions with crypto assets as simple and routine as it would be with traditional assets.”

    Broxus founder Sergey Shashev emphasized the importance of scalable and secure infrastructure: “We’re delighted to see Broxus technologies contributing to a project of such significance for the government.
    Our mission is to deliver solutions that make digital transactions safe, accessible and transparent, and the Tycho blockchain can achieve that while maintaining high transaction speeds, low fees and reliability required by projects at this level.”

    Looking ahead

    With linkage to real-world assets, the HUMO token may serve as a ground for broader blockchain integration into Uzbekistan’s financial system. In the future, the blockchain platform created within this project could serve as a basis for the development of new digital services in Uzbekistan.

    About HUMO

    National Interbank Processing Center of Uzbekistan (national payment system HUMO) is one of the leading financial infrastructures of Uzbekistan. Its main goal is to become a key financial hub not only in Central Asia but also beyond its borders.

    Since its inception, HUMO has demonstrated steady growth, actively expanding its payment services ecosystem and strengthening partnerships both domestically and internationally.

    Contact:
    Aleksey Maksimov
    Chairman of the Board of the National Interbank Processing Center (NMPC)
    info@humocard.uz

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6bae3662-1d63-4133-bced-52c87d1a4de8

    The MIL Network –

    May 14, 2025
  • MIL-OSI: HYCU R-Cloud for iManage Cloud Now Available via Early Access Program

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 13, 2025 (GLOBE NEWSWIRE) — iManage, the company dedicated to Making Knowledge Work™, today announced the early access availability of HYCU® R-Cloud™ for iManage Cloud —an enterprise-grade backup and recovery solution purpose-built for iManage Cloud customers and powered by HYCU, the award-winning and #1 SaaS data protection platform in the industry.

    Today’s announcement builds on the strategic partnership formed in 2024, which underscored a shared commitment to ensuring the iManage Cloud remains the safest and most trusted place to work with knowledge.

    The iManage Cloud platform is a highly resilient, cloud-native solution trusted by knowledge-centric organizations around the world. With industry-leading security, built-in redundancy, and rigorous operational safeguards, iManage Cloud is engineered to protect customer data and ensure business continuity.

    HYCU R-Cloud for iManage Cloud offers an additional layer of data control and customization for organizations with specific compliance, governance, or operational needs. The solution allows customers to maintain secure, off-site backups of their iManage Cloud data in customer-owned and managed storage — supporting internal policies and regional requirements for data handling and disaster recovery.

    “iManage Cloud already delivers enterprise-grade resiliency and security by design,” said Neil Araujo, CEO, iManage. “HYCU builds on that foundation to give customers who need more tailored control over their backup architecture the ability to meet specific governance or compliance goals — all without compromising the seamless protection our platform already provides.”

    Available on the HYCU Marketplace, HYCU R-Cloud for iManage Cloud allows administrators to automate backup policies, customize retention schedules, and recover data down to the file level, including metadata and security settings. Customers can integrate HYCU into a broader, multi-SaaS backup strategy, all managed from a single, no-code interface.

    “We’re thrilled to partner with iManage to fill a critical data protection gap in the legal community,” said Simon Taylor, CEO of HYCU. “HYCU R-Cloud for iManage Cloud provides users with a powerful way to recover mission-critical data, whether lost through simple human error or malicious activity, quickly and securely. Collaborating with iManage, we are giving legal firms and departments peace of mind with a dedicated, proprietary backup of their iManage data.”

    Key benefits of HYCU for iManage Cloud include:

    • Customer-controlled storage for off-site backups
    • Policy-driven automation with “set and forget” flexibility for backup scheduling
    • Granular recovery of libraries, folders, documents, metadata, and permissions
    • Ransomware-proof backups with WORM-enabled immutable copies

    Early access customers are already seeing the benefits of HYCU for iManage Cloud in action.

    “HYCU R-Cloud for iManage Cloud gives us the assurance of having a copy of our documents under our own control, providing peace of mind that we can restore anything from a single file to an entire library if needed,” said Ian Miller, Chief Information Officer, Weil, Gotshal & Manges LLP. “It gives us the control we need without adding additional complexity.”

    HYCU R-Cloud for iManage Cloud is now available to a limited number of customers through the Early Access Program. Interested organizations should contact their iManage representative to learn more or apply for participation in the Early Access Program.

    About iManage

    iManage is dedicated to Making Knowledge Work™. Our cloud-native platform is at the center of the knowledge economy, enabling every organization to work more productively, collaboratively, and securely. Built on more than 20 years of industry experience, iManage helps leading organizations manage documents and emails more efficiently, protect vital information assets, and leverage knowledge to drive better business outcomes. As your strategic business partner, we employ our award-winning AI-enabled technology, an extensive partner ecosystem, and a customer-centric approach to provide support and guidance you can trust to make knowledge work for you. iManage is relied on by more than one million professionals at 4,000 organizations around the world. Visit www.imanage.com to learn more.

    Follow iManage via:
    LinkedIn: https://www.linkedin.com/company/imanage
    X: https://x.com/imanageinc
    YouTube: https://www.youtube.com/imanage

    Press contact:
    Alicia Saragosa, iManage
    press@imanage.com

    The MIL Network –

    May 14, 2025
  • MIL-OSI: Bitcoin Breaks Out Again — BexBack Empowers Traders to Ride the Momentum with 100x Leverage, No KYC, and Double Deposit Bonuses

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 13, 2025 (GLOBE NEWSWIRE) — With Bitcoin now holding strong above the $100,000 mark and flashing renewed bullish momentum on the daily chart, the market is once again sending a clear message: the bull run isn’t over. MACD crossover signals, strong price support at $96,000, and aggressive follow-through candles suggest that the next leg higher may already be underway.

    As traders across the globe rush to capitalize on breakout opportunities, BexBack, a fast-growing cryptocurrency derivatives platform, is offering the tools, flexibility, and rewards that modern traders demand — including 100x leverage, no KYC, and over 50 tradable crypto contracts.

    “This chart tells the story — the bulls are back, and momentum is accelerating,” said David, Operations Director at BexBack. “We want to give traders the ability to take full advantage of market conditions, with high leverage, instant access, and powerful trading incentives.”

    Key Features of BexBack:

    • 100x Leverage on 50+ Crypto Contracts
      Maximize capital efficiency by trading BTC, ETH, ADA, SOL, XRP, and more with up to 100x leverage.
    • No KYC Required
      Register instantly with just an email. Trade anonymously without any identity verification process.
    • $100 Trading Bonus
      Make a deposit of at least 0.01 BTC or 1000 USDT and complete your first trade within one week to receive a $100 bonus — usable as margin.
    • 100% Deposit Bonus
      Double your first deposit with BexBack’s 100% bonus offer. For example, deposit 1 BTC and get 1 BTC in bonus margin (non-withdrawable, but usable for trading).
    • Zero Spread Execution
      All trades execute at the displayed price — no spread, no slippage, no surprises.
    • Demo Account with Virtual Funds
      New to futures trading? Start risk-free with 10 BTC or 1M USDT in demo funds and test your strategy before going live.
    • Global Coverage + 24/7 Support
      BexBack operates in 200+ countries and regions, with multilingual customer support available around the clock.

    The Market Is Moving — Are You?

    Bitcoin’s chart is clear: upward momentum is building, and technical indicators are aligning with market sentiment. While many traders are stuck watching from the sidelines, BexBack gives you the edge to enter positions with confidence and scale.

    About BexBack

    BexBack is a leading cryptocurrency derivatives exchange headquartered in Singapore, offering perpetual contracts with up to 100x leverage on more than 50 digital assets. With its KYC-free registration, professional-grade infrastructure, and powerful bonus system, BexBack is trusted by over 500,000 traders worldwide. The platform is fully MSB-registered under U.S. FinCEN and is accessible across the U.S., Canada, Europe, and beyond.

    Start trading now at www.bexback.com Claim your 100% deposit bonus + $100 Trading bonus and join the next wave of crypto opportunity.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ed2149c-d1b2-492e-a516-215b8143e422

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bbfcc703-a321-4444-9cc2-daaf313fde90

    https://www.globenewswire.com/NewsRoom/AttachmentNg/52c6f6ee-aa9a-441c-ae63-1c2ea0df002b

    The MIL Network –

    May 14, 2025
  • MIL-OSI United Nations: The Secretary-General – Remarks to the Ministerial Meeting on the Future of Peacekeeping

    Source: United Nations – Peacekeeping

    [Bilingual, as delivered]

    Dear Ministers of Foreign Affairs and Defence Affairs of the Federal Republic of Germany, our generous hosts.

    Excellencies, ladies and gentlemen,

    My thanks to Germany for bringing us together at this consequential moment.

    This year marks the 80th anniversary of the United Nations.

    Our organization was founded on the conviction that peace is possible if we work as one united human family.

    That is what our peace operations are about. 

    From preventive diplomacy to peacekeeping…

    From negotiating ceasefires to helping to implement them…

    From electoral support and observer missions to de-mining operations and protection of civilians…

    To the focus of today’s Ministerial meeting — peacekeeping.

    Excellencies,

    UN Blue Helmets are the most globally recognized symbol of the world’s ability to come together to help countries move from conflict to peace.

    Peacekeepers hail from every corner of the world.

    But they are united in their commitment to peace.

    As we meet today, UN peacekeepers are hard at work helping to ensure that ceasefires are respected…

    Protecting civilians caught in the line of fire…

    Helping provide the conditions for lifesaving aid to flow to those in need…

    And laying the foundations for long-term recovery.

    In trouble spots around the world, Blue Helmets can mean the difference between life and death.

    And they are also a clear demonstration of the power of multilateral action to maintain, achieve and sustain peace.

    There is a long list of countries that have achieved durable peace with the support of UN Peacekeeping — including Cambodia, Cote d’Ivoire, El Salvador, Liberia, Namibia, Mozambique, Sierra Leone and Timor Leste.  

    Many of these countries now themselves contribute troops. 

    At the same time, we recognize that peace comes at a price.

    Through the decades, 4,400 peacekeepers have fallen in the line of duty.

    Their service and sacrifice will never be forgotten.  

    Please join me in a moment of silence to honour all those who lost their lives in the pursuit of peace.

    [MOMENT OF SILENCE]

    Thank you.

    Excellencies,

    We owe it to peacekeepers — and the populations they protect — to continue strengthening their ability to answer this call to peace.

    And to do so in the face of daunting challenges.

    Complex, intertwined and frequently borderless conflicts…

    Growing polarization and division around the globe…

    Targeting of peacekeepers through deadly misinformation spreading through social media…

    Terrorism and transnational crime, which find fertile ground in instability…

    The ongoing climate crisis that is exacerbating conflict while leaving more of the planet uninhabitable…

    All the continued trampling of international law and international humanitarian law.

    As a result, we are now facing the highest number of conflicts since the foundation of the United Nations, and record numbers of people fleeing across borders in search of safety and refuge.

    We must recognize that peacekeeping operations are only as effective as the mandates directing them, and can struggle in contexts where political support and clearly defined outcomes and solutions are absent or elusive.

    Meanwhile, we see increasing differences of views around how peacekeeping operations should work, under what circumstances, with what mandates they should be deployed, and for how long.

    And we face dramatic financial constraints across the board.

    We’ve worked to adapt in the face of these challenges.

    But we need to do more.

    Today, I want to highlight three areas of focus.

    First — help us shape peacekeeping operations that are fit for the future.     

    The Pact for the Future called for a Review of Peace Operations — including peacekeeping.

    The review will examine how we can make peacekeeping operations more adaptable, flexible and resilient — while recognizing the limitations in situations where there is little or no peace to keep.

    It will also aim to critically examine the tools we have today and propose concrete recommendations to make them fit for the future.  

    Through this review, we must ensure that the United Nations is prepared to deploy peace operations tailored to each individual conflict, while preparing for the challenges of tomorrow.

    We can draw inspiration from our UNIFIL operation, which recently developed an adaptation plan to keep peace along the Blue Line, and ensure lifesaving aid can flow to civilians in southern Lebanon.

    In the Central African Republic, we see MINUSCA protecting civilians and assisting the government to extend its reach beyond the capital where people are in desperate need. 

    In the Democratic Republic of the Congo, despite ongoing fighting, UN Peacekeepers remain in the field, protecting vulnerable populations. 

    We’re also seeking efficiencies through partnerships — from Member States to regional and sub-regional organizations, to local communities.

    Most important among them is our strong partnership with the African Union.

    Security Council resolution 2719 has lifted this partnership to a new level as we work to establish peace enforcement missions under the AU’s responsibility, supported by the United Nations through assessed contributions.

    Today, the Review of Peace Operations will need to be informed — and inspired — by your views.

    Member States make peacekeeping possible.

    They must lead the way as we strengthen it for the future.

    Second — as we make our operations more adaptable and flexible, we need to do the same in the use of our resources.

    Peace operations can only succeed when backed by robust mandates and clear, predictable and sustained contributions, both financial and logistical. 

    But these are tough times for the financing of our work across the board.

    Peacekeeping is no exception.

    It is crucial that we are able to use the increasingly limited resources we have — and use them well.

    That requires more flexible rules and processes.

    This means updating our approach to abolishing or establishing positions, and working with troop-contributing countries to ensure we can deliver.

    It means working with Member States and the UN Security Council to ensure that any new mandates are prioritized and achievable with the resources available and with a clear exit strategy.

    And it means driving efficiencies and improvements across our work in light of the continued funding challenges we face.

    Our Review of Peace Operations will work hand-in-hand with our UN80 initiative, to ensure we maximize efficiencies wherever possible, supported at every step by Member States.

    We look forward to your governments’ support and ideas as we tackle these challenges together.

    Troisièmement, nous avons besoin de votre soutien politique – qui passe notamment par les engagements que vous prendrez demain.

    Sans solution politique, les opérations de paix sont vouées à l’échec.

    Ensemble, nous devons rallier un soutien accru en faveur des solutions politiques pour toutes les missions de maintien de la paix.

    Faire avancer ces solutions politiques nécessite d’avoir les moyens nécessaires pour mener à bien nos opérations – notamment un soutien politique unifié de la part des États Membres, un leadership fort, des troupes bien préparées, du matériel et des technologies.

    Ces éléments peuvent renforcer nos opérations et améliorer sensiblement la vie des gens.

    Cela nécessite aussi un soutien de tous les États membres pour assurer la sécurité des Casques bleus sur le terrain, ainsi que le plein respect des privilèges et immunités pertinentes de notre Organisation et de son personnel.

    Nous sommes profondément reconnaissants de votre soutien et des contributions concrètes que nombre d’entre vous annonceront demain.

    Excellences,

    Le budget des opérations de la paix des Nations Unies, réparti entre les 193 États Membres, ne représente qu’une infime partie des dépenses militaires mondiales – environ 0,5 %. Ces opérations demeurent donc l’un des moyens les plus efficaces et les plus économiques de consolider la paix et la sécurité internationales.

    Toutefois, leur force est tributaire de l’engagement des États Membres à leur égard.

    Malheureusement, les opérations de maintien de la paix sont soumises a un sérieux problème de liquidité. Il est absolument essentiel que tous les Etats Membres respectent leurs obligations financières en payant les contributions intégralement et dans les temps.

    Aujourd’hui plus que jamais, le monde a besoin de l’ONU.

    Et l’ONU a besoin que les opérations de maintien de la paix disposent de tous les moyens nécessaires pour faire face aux réalités d’aujourd’hui et relever les défis de demain.

    Ensemble, faisons en sorte que les opérations de maintien de la paix de l’ONU répondent aux défis du moment, aux attentes des États Membres, et aux besoins légitimes de nos soldates et soldats de la paix – et des personnes à qui ils viennent en aide.

    Je vous remercie.

    Full translation in English.

    Full translation in French.

    MIL OSI United Nations News –

    May 14, 2025
  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures Historic $600 Billion Investment Commitment in Saudi Arabia

    Source: The White House

    STRENGTHENING STRATEGIC PARTNERSHIPS FOR ECONOMIC PROSPERITY:
    Today in Saudi Arabia, President Donald J. Trump announced Saudi Arabia’s $600-billion commitment to invest in the United States, building economic ties that will endure for generations to come. The first deals under the announcement strengthen our energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals. 

    • The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership between the United States and Saudi Arabia.
    • From day one, President Trump’s America First Trade and Investment Policy has put the American economy, the American worker, and our national security first.
    • The following represent just a few of the many transformative deals secured in Saudi Arabia:
      • Saudi Arabian DataVolt is moving forward with plans to invest $20 billion in AI data centers and energy infrastructure in the United States.
      • Google, DataVolt, Oracle, Salesforce, AMD, and Uber are committing to invest $80 billion in cutting-edge transformative technologies in both countries.
      • Iconic American companies including Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects like King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and much more totaling $2 billion in U.S. services exports.
      • Additional major exports include GE Vernova’s gas turbines and energy solutions totaling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totaling $4.8 billion.
      • In the healthcare sector, Shamekh IV Solutions, LLC will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.
      • Investment partnerships include several sector-specific funds with a strong emphasis on U.S. deployment—such as the $5 billion Energy Investment Fund, the $5 billion New Era Aerospace and Defense Technology Fund, and the $4 billion Enfield Sports Global Sports Fund—each channeling substantial capital into American industries, driving innovation, and creating high-quality jobs across the United States.
    • Underscoring our commitment to strengthening our defense and security partnership, the United States and Saudi Arabia signed the largest defense sales agreement in history—nearly $142 billion, providing Saudi Arabia with state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms.
      • The sales that we intend to complete fall into five broad categories: (1) air force advancement and space capabilities, (2) air and missile defense, (3) maritime and coastal security, (4) border security and land forces modernization, and (5) information and communication systems upgrades. 
      • The package also includes extensive training and support to build the capacity of the Saudi armed forces, including enhancement of Saudi service academies and military medical services.
      • This deal represents a significant investment in Saudi Arabia’s defense and regional security, built on American systems and training.
    • The United States and Saudi Arabia celebrate these and many other deals today as a result of the growing momentum of the last four months. The total package has quickly built to more than $600 billion–the largest set of commercial agreements on record between the two countries.

    UNLOCKING NEW OPPORTUNITIES THROUGH DEEPER ALLIANCES: The strategic partnership between the United States and Saudi Arabia has grown increasingly robust over the past eight decades since the meeting between King Abdulaziz Al Saud and President Franklin D. Roosevelt on board the USS Quincy, the 80th anniversary of which was celebrated earlier this year.

    • Saudi Arabia is one of the United States’ largest trading partners in the Middle East.
      • Saudi direct investment in the United States totaled $9.5 billion in 2023, focused on the transportation, real estate, and automotive sectors.
      • In 2024, U.S.-Saudi Arabia goods trade totaled $25.9 billion, with U.S. exports at $13.2 billion, imports at $12.7 billion, and a trade surplus in goods of $443 million. 
    • The United States and Saudi Arabia share a commitment to deeper economic integration, underscoring the Kingdom’s pledge of expanding cooperation in critical sectors such as health, energy, and science.
      • The U.S. Department of Energy and the Ministry of Energy of the Kingdom of Saudi Arabia have concluded an agreement for cooperation in the field of energy.  This agreement builds upon their strong existing relationship; it will focus collaboration on examining the potential for innovation, development, financing, and deployment of energy infrastructure.
      • The Ministry of Industry and Mineral Resources in the Kingdom of Saudi Arabia and the Department of Energy of the United States of America have signed a Memorandum of Cooperation to collaborate on mining and mineral resources.  The agreement contributes to economic development and the diversification and resilience of critical mineral supply chains.
      • NASA and the Saudi Space Agency have signed an agreement for a CubeSat to fly on NASA’s Artemis II test flight. Saudi Arabia’s CubeSat will measure aspects of space weather at a range of distances from Earth and deploy in high Earth orbit from a spacecraft adapter on the Space Launch System rocket after the Orion spacecraft is safely flying on its own with its crew of four astronauts.
      • The United States and Saudi Arabia recently agreed to modernize the Air Transport Agreement to allow U.S. airlines to carry cargo between Saudi Arabia and third countries without needing to stop in the United States, an important right for cargo hub operations. Saudi carriers will have the same rights to serve the United States.
    • The United States and Saudi Arabia further underscored their commitment to deeper cultural, educational, and scientific partnerships through the signing of agreements between the Smithsonian Institution’s National Museum of Asian Art and the Royal Commission for AlUla on collaborative research and an exhibition focused on artifacts from ancient Dadan in AlUla, and between the Smithsonian’s National Zoo and the Royal Commission for AlUla to support the conservation of the endangered Arabian leopard through creation of a dedicated exhibit in Washington, D.C.
    • Saudi Arabia remains our largest Foreign Military Sales partner with active cases valued at more than $129 billion.
      • Our defense relationship with the Kingdom of Saudi Arabia is stronger than ever under President Trump’s leadership, and the package signed today, the largest defense cooperation deal in U.S. history, is a clear demonstration of our commitment to strengthening our partnership.
      • The agreement opens the door for expanded U.S. defense industry participation and long-term sustainment partnerships with Saudi entities.
    • The deepening United States-Saudi Arabia partnership reflects a joint vision for long-term prosperity and employment opportunities in both nations.

    BUILDING ON A RECORD OF WINNING AT HOME AND ABROAD: President Trump is delivering on his promise to Make America Great Again by catalyzing investment and negotiating fair trade deals to accelerate American employment and prosperity.

    • President Trump is the dealmaker in chief, and he has once again secured a historic deal that strengthens America’s economic dominance and global influence. 
    • This comes just one week after President Trump announced a U.S.-UK trade agreement that levels the playing field, creates jobs, and opens market access with the United Kingdom.
    • Leading up to this historic deal, President Trump had already secured trillions in U.S.-based investments, setting the stage for a new era of American prosperity.
    • The $600 billion in Saudi investment in the United States builds on President Trump’s record in 2017 of securing billions in commercial deals and agreements with Saudi Arabia for the defense, energy, technology, and infrastructure sectors.

    MIL OSI USA News –

    May 14, 2025
  • MIL-OSI USA: Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs

    Source: US State of North Carolina

    Headline: Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs

    Governor Stein Announces Genentech Will Build New Manufacturing Plant in Wake County Creating 400 Jobs
    lsaito
    Tue, 05/13/2025 – 09:37

    Raleigh, NC

    Governor Josh Stein announced today that Genentech, one of the world’s premiere biotechnology companies, will invest $700 million to build a new manufacturing plant in Holly Springs, creating 400 jobs.

    “World-class companies like Genentech recognize that North Carolina is a leading state for biotechnology,” said Governor Josh Stein. “These companies know that our life science workforce is ready to help them deliver their cutting-edge medicines to the world. We are proud to welcome Genetech to North Carolina.”

    Genentech, with headquarters in South San Francisco, California, is a member of Switzerland’s Roche Group (SIX: RO, ROG; OTCQX: RHHBY) and is considered the original biotechnology pioneer. For more than 40 years the company has pursued groundbreaking science to discover and develop medicines for people with serious or life-threatening diseases. Genentech’s project in Holly Springs will establish a new 700,000 sq. ft. high-volume fill-finish operation to support its existing product portfolio as well as its future pipeline, allowing the company to meet growing demand for its medicines.

    “Genentech would like to thank Governor Stein and Commerce Secretary Lilley for their support and for welcoming us to North Carolina. We are thrilled to establish this relationship with the city of Holly Springs, where we will create new manufacturing and construction jobs while making a broader positive impact on the local economy and community for many years to come,” said Genentech CEO Ashley Magargee. “Our new facility will serve as an important new setting within our manufacturing network to help deliver on the promise of our company’s life-changing science and industry-leading pipeline.”

    “Genentech siting its first East Coast production facility in North Carolina is a gamechanger for our already strong biotechnology sector,” said North Carolina Commerce Secretary Lee Lilley. “Thanks to amazing state leadership from the North Carolina Biotechnology Center and continued investments in workforce and infrastructure, these kinds of successes breed great jobs and great therapies that make the world a healthier place.”

    Although wages will vary depending on the position, the average salary for the new positions will be $119,833, compared with an average wage in Wake County of $76,643. The new positions will bring an annual payroll impact to the community of more than $50 million per year.

    The company’s project 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 more than $3 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $9,846,750, spread over 12 years and based on the creation of 420 jobs. 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 230 per cent, meaning for every dollar of potential cost, the state receives $3.30 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. 

    Because Genentech chose to expand in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $3,282,250 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “Our momentum in biotech is off the charts as these new jobs and new investment come to Holly Springs,” said N.C. Senator Lisa Grafstein. “Genentech is a renowned brand in the industry, and we welcome the company to our growing family of life science partners.”

    “Economic development success takes teamwork, and I’m proud of the many local, regional, and state organizations that worked hard to bring Genentech to our community,” said N.C. Representative Ya Liu. “We look forward to seeing this innovative company put down roots and grow in Holly Springs, Wake County, and North Carolina.”

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of N.C. on this project were the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, the North Carolina Biotechnology Center, N.C. State University, Duke Energy, Enbridge Gas North Carolina, Capital Area Workforce Development, Wake Tech, the Town of Holly Springs, Wake County, and Wake County Economic Development, a program of the Greater Raleigh Chamber.  

    May 12, 2025

    MIL OSI USA News –

    May 14, 2025
  • MIL-OSI Canada: Province Lifts Moratorium on Seafood Buying, Processing Licences

    Source: Government of Canada regional news

    Nova Scotians can apply for seafood buyer and processor licences starting August 1, as the Province ends the moratorium that started in 2018.

    “Now, more than ever, we have the opportunity to reimagine the economic potential of our traditional and natural resources,” said Kent Smith, Minister of Fisheries and Aquaculture. “Accepting applications from new entrants, or established businesses that want to diversify or expand their products, will help drive the economy and grow our seafood sector.”

    Over the last seven years, the Province has consulted with industry representatives during a policy and regulation review, which is now complete. The moratorium was a temporary measure to maintain fair competition and to reduce speculation during the review period.

    Seafood is Nova Scotia’s primary export and generates significant economic return to the province, supporting about 20,000 jobs. Buyers purchase seafood after it has been caught, and processors produce seafood products such as fish fillets and frozen snow crab sections.

    About 50 per cent of the industry is in southwest Nova Scotia. Nova Scotia fish and seafood exports totalled $2.4 billion in 2024.

    The Province is also lifting the long-standing moratorium on issuing groundfish buying and processing licences, which has been in place since the 1994 collapse of the groundfish fisheries.

    The moratoriums will be lifted in two stages. The government will begin accepting applications for buyer and processor licences for most species on August 1. Following continued consultation with industry partners, the government will begin accepting applications for lobster buyer licences and snow crab buyer and processor licences on January 2, 2026.


    Quotes:

    “Today’s announcement demonstrates that the government has been listening to industry, and we look forward to continuing those conversations. Lifting the moratorium and ensuring new entrants are qualified will support continued diversification of the shore sector and provide strong measures to ensure that the multi-generational family enterprises that are the basis of this industry will continue to contribute to strengthen the provincial economy while also welcoming new entrants.”
    — Kris Vascotto, Executive Director, Nova Scotia Seafood Alliance

    “As a market and customer-focused seafood company, Sea Star needs a flexible and responsive licensing system that allows me access to the licences that I need when I need them so that I can grow my business. The moratorium has been an artificial barrier to maximizing the value of Nova Scotia’s seafood sector. I fully support the Minister’s intention to lift the licensing moratorium, and I want to thank him and his team for bringing the long-standing policy review to a close so that we can all refocus on selling our fish to the world.”
    — Kerry Cunningham, sales/procurement, Sea Star Seafoods

    “We are pleased with the Minister’s decision to lift the licensing moratorium. We strongly believe in a free market approach to fish buyer and fish processor licensing that is responsive to market conditions while also encouraging growth and innovation in the sector. We look forward to continuing our collaboration with the Minister and his Department as they set the regulatory conditions for our seafood sector to compete and thrive in the global seafood marketplace.”
    — Ian McIsaac, President, Seafood Producers Association of Nova Scotia


    Quick Facts:

    • fish and seafood products were Nova Scotia’s largest export commodity in 2024, accounting for 36 per cent of the province’s export goods
    • 329 companies in Nova Scotia have buying and/or processing licences
    • there are 4,000 registered fishing vessels and more than 5,700 commercial fishing licence holders in Nova Scotia
    • harvest quotas are regulated by the federal government; lifting the moratorium on buyer and processor licences does not impact the volume of seafood harvested

    Additional Resources:

    Fish processors and fish buyer licence policy: https://novascotia.ca/fish/commercial-fisheries/licensing-leasing/

    Nova Scotia Seafood Export Directory: https://nsseafood.com/directory#&market_id=


    Other than cropping, Province of Nova Scotia photos are not to be altered in any way.

    MIL OSI Canada News –

    May 14, 2025
  • MIL-OSI Africa: Secretary-General’s remarks to the Ministerial Meeting on the Future of Peacekeeping [bilingual, as delivered; scroll down for all-English and all-French]

    Source: United Nations – English

    ear Ministers of Foreign Affairs and Defence Affairs of the Federal Republic of Germany, our generous hosts.

     
    Excellencies, ladies and gentlemen,
     
    My thanks to Germany for bringing us together at this consequential moment.
     
    This year marks the 80th anniversary of the United Nations.
     
    Our organization was founded on the conviction that peace is possible if we work as one united human family.
     
    That is what our peace operations are about. 
     
    From preventive diplomacy to peacekeeping…
     
    From negotiating ceasefires to helping to implement them…
     
    From electoral support and observer missions to de-mining operations and protection of civilians…
     
    To the focus of today’s Ministerial meeting — peacekeeping.
     
    Excellencies,
     
    UN Blue Helmets are the most globally recognized symbol of the world’s ability to come together to help countries move from conflict to peace.
     
    Peacekeepers hail from every corner of the world.
     
    But they are united in their commitment to peace.
     
    As we meet today, UN peacekeepers are hard at work helping to ensure that ceasefires are respected…
     
    Protecting civilians caught in the line of fire…
     
    Helping provide the conditions for lifesaving aid to flow to those in need…
     
    And laying the foundations for long-term recovery.
     
    In trouble spots around the world, Blue Helmets can mean the difference between life and death.
     
    And they are also a clear demonstration of the power of multilateral action to maintain, achieve and sustain peace.
     
    There is a long list of countries that have achieved durable peace with the support of UN Peacekeeping — including Cambodia, Cote d’Ivoire, El Salvador, Liberia, Namibia, Mozambique, Sierra Leone and Timor Leste.  
     
    Many of these countries now themselves contribute troops. 
     
    At the same time, we recognize that peace comes at a price.
     
    Through the decades, 4,400 peacekeepers have fallen in the line of duty.
     
    Their service and sacrifice will never be forgotten.  
     
    Please join me in a moment of silence to honour all those who lost their lives in the pursuit of peace.
     
    [MOMENT OF SILENCE]
     
    Thank you.
     
    Excellencies,
     
    We owe it to peacekeepers — and the populations they protect — to continue strengthening their ability to answer this call to peace.
     
    And to do so in the face of daunting challenges.
     
    Complex, intertwined and frequently borderless conflicts…
     
    Growing polarization and division around the globe…
     
    Targeting of peacekeepers through deadly misinformation spreading through social media…
     
    Terrorism and transnational crime, which find fertile ground in instability…
     
    The ongoing climate crisis that is exacerbating conflict while leaving more of the planet uninhabitable…
     
    All the continued trampling of international law and international humanitarian law.
     
    As a result, we are now facing the highest number of conflicts since the foundation of the United Nations, and record numbers of people fleeing across borders in search of safety and refuge.
     
    We must recognize that peacekeeping operations are only as effective as the mandates directing them, and can struggle in contexts where political support and clearly defined outcomes and solutions are absent or elusive.
     
    Meanwhile, we see increasing differences of views around how peacekeeping operations should work, under what circumstances, with what mandates they should be deployed, and for how long.
     
    And we face dramatic financial constraints across the board.
     
    We’ve worked to adapt in the face of these challenges.
     
    But we need to do more.
     
    Today, I want to highlight three areas of focus.
     
    First — help us shape peacekeeping operations that are fit for the future.     
     
    The Pact for the Future called for a Review of Peace Operations — including peacekeeping.
     
    The review will examine how we can make peacekeeping operations more adaptable, flexible and resilient — while recognizing the limitations in situations where there is little or no peace to keep.
     
    It will also aim to critically examine the tools we have today and propose concrete recommendations to make them fit for the future.  
     
    Through this review, we must ensure that the United Nations is prepared to deploy peace operations tailored to each individual conflict, while preparing for the challenges of tomorrow.
     
    We can draw inspiration from our UNIFIL operation, which recently developed an adaptation plan to keep peace along the Blue Line, and ensure lifesaving aid can flow to civilians in southern Lebanon.
     
    In the Central African Republic, we see MINUSCA protecting civilians and assisting the government to extend its reach beyond the capital where people are in desperate need. 
     
    In the Democratic Republic of the Congo, despite ongoing fighting, UN Peacekeepers remain in the field, protecting vulnerable populations. 
     
    We’re also seeking efficiencies through partnerships — from Member States to regional and sub-regional organizations, to local communities.
     
    Most important among them is our strong partnership with the African Union.
     
    Security Council resolution 2719 has lifted this partnership to a new level as we work to establish peace enforcement missions under the AU’s responsibility, supported by the United Nations through assessed contributions.
     
    Today, the Review of Peace Operations will need to be informed — and inspired — by your views.
     
    Member States make peacekeeping possible.
     
    They must lead the way as we strengthen it for the future.
     
    Second — as we make our operations more adaptable and flexible, we need to do the same in the use of our resources.

    Peace operations can only succeed when backed by robust mandates and clear, predictable and sustained contributions, both financial and logistical. 
     
    But these are tough times for the financing of our work across the board.
     
    Peacekeeping is no exception.
     
    It is crucial that we are able to use the increasingly limited resources we have — and use them well.
     
    That requires more flexible rules and processes.
     
    This means updating our approach to abolishing or establishing positions, and working with troop-contributing countries to ensure we can deliver.
     
    It means working with Member States and the UN Security Council to ensure that any new mandates are prioritized and achievable with the resources available and with a clear exit strategy.
     
    And it means driving efficiencies and improvements across our work in light of the continued funding challenges we face.
     
    Our Review of Peace Operations will work hand-in-hand with our UN80 initiative, to ensure we maximize efficiencies wherever possible, supported at every step by Member States.
     
    We look forward to your governments’ support and ideas as we tackle these challenges together.

    Third — we need your political support, including through the pledges you will make tomorrow.

    Peace operations cannot succeed in the absence of a political solution.

    Together we need to mobilize greater support for political solutions across our peacekeeping missions. 

    Pursuing these political solutions requires adequate means of delivering our operations — including unified political support from Member States, strong leadership, well-trained troops, equipment and technology.

    These can strengthen our operations, and make a real difference in people’s lives.

    And it requires the support of all Member States to ensure the safety and security of United Nations peacekeepers in the field, and the full implementation of the relevant privileges and immunities of the Organization and its personnel.

    We are deeply grateful for the support and for the concrete pledges so many of you will announce here tomorrow.

    Excellencies,

    With a budget shared by all 193 Member States and representing a tiny fraction of global military spending — around one half of one per cent — UN Peacekeeping remains one of the most effective and cost-effective tools to build international peace and security.

    But it’s only as strong as Member States’ commitment to it.

    Unfortunately, peacekeeping operations have been facing serious liquidity problems. 
      
    It is absolutely essential that all Member States respect their financial obligations, paying their contributions in full and on time. 

    Now more than ever, the world needs the United Nations.

    And the United Nations needs peacekeeping that is fully equipped for today’s realities and tomorrow’s challenges. 

    Together, let’s shape the UN peacekeeping operations that the challenges require, that Member States demand, and that our peacekeepers and the people they support need and deserve.
    Thank you.
     

    MIL OSI Africa –

    May 14, 2025
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