NewzIntel.com

Category: Economy

  • MIL-OSI: OTC Markets Group Welcomes Consensus Mining & Seigniorage Corporation to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Consensus Mining & Seigniorage Corporation (OTCQX: CMSG), a cryptocurrency mining company, has qualified to trade on the OTCQX® Best Market.

    Consensus Mining & Seigniorage Corporation begins trading today on OTCQX under the symbol “CMSG.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

    “Consensus Mining & Seigniorage Corporation is excited to partner with OTC Markets Group to begin trading on the OTCQX Market,” said President Alun Williams. “This is an important step forward in our differentiated strategy of growing a cryptocurrency mining company with a gradualist approach to capital deployment that can use positive cash flows to grow its bitcoin held on a per-share basis.”

    About Consensus Mining & Seigniorage Corporation
    Consensus Mining & Seigniorage Corporation (“CMSG”) is a cryptocurrency mining company created with strategic partnerships in hosting, repair and management that enable it to operate with minimal overhead and enhanced profitability, and with a conservative capital structure that allows for flexible and patient capital allocation.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Bread Financial Provides Performance Update for April 2025

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, May 13, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated:

      For the
    month ended
    April 30, 2025    		   For the
    month ended
    April 30, 2024
      (dollars in millions)
    End-of-period credit card and other loans $ 17,721     $ 17,891  
    Average credit card and other loans $ 17,712     $ 18,006  
    Year-over-year change in average credit card and other loans   (2 %)     2 %
    Net principal losses (1) $ 114     $ 127  
    Net loss rate (1)   7.8 %     8.6 %
      As of
    April 30, 2025    		   As of
    April 30, 2024
      (dollars in millions)
    30 days + delinquencies – principal $ 933     $ 993  
    Period ended credit card and other loans – principal $ 16,264     $ 16,492  
    Delinquency rate   5.7 %     6.0 %
                   

    (1) As a result of hurricanes Helene and Milton we froze delinquency progression for cardholders in Federal Emergency Management Agency identified impact zones for one billing cycle, which resulted in modestly lower Net principal losses and Net loss rate in the fourth quarter of 2024, and consequently these actions will negatively impact Net principal losses and Net loss rate in the second quarter of 2025.

    About Bread Financial®
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Forward-Looking Statements
    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, future dividend declarations, and future economic conditions.

    We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including market conditions, inflation, interest rates, labor market conditions, recessionary pressures or concerns over a prolonged economic slowdown, and the related impact on consumer spending behavior, payments, debt levels, savings rates and other behaviors; global political and public health events and conditions, including significant shifts in trade policy, such as changes to, or the imposition of, tariffs and/or trade barriers and any economic impacts, volatility, uncertainty and geopolitical instability resulting therefrom, as well as ongoing wars and military conflicts and natural disasters; future credit performance, including the level of future delinquency and write-off rates; the loss of, or reduction in demand from, significant brand partners or customers in the highly competitive markets in which we compete; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including the amount of our Allowance for credit losses and our credit risk management models; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives; our level of indebtedness and ability to access financial or capital markets; pending and future federal and state legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions with respect to late fees, interchange fees or other charges; impacts arising from or relating to the transition of our credit card processing services to third party service providers that we completed in 2022; failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise; and any tax or other liability or adverse impacts arising out of or related to the spinoff of our former LoyaltyOne segment or the bankruptcy filings of Loyalty Ventures Inc. (LVI) and certain of its subsidiaries and subsequent litigation or other disputes. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

    Contacts
    Brian Vereb — Investor Relations
    Brian.Vereb@breadfinancial.com

    Susan Haugen — Investor Relations
    Susan.Haugen@breadfinancial.com

    Rachel Stultz — Media
    Rachel.Stultz@breadfinancial.com

    The MIL Network –

  • MIL-OSI: Cielo Announces Private Placement of Units

    Source: GlobeNewswire (MIL-OSI)

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES
    OR FOR DISSEMINATION IN THE UNITED STATES.

    CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) is pleased to announce a non-brokered private placement finding for gross proceeds of up to C $3,000,000 through the issuance of up to 60,000,000 units (each a “Unit, collectively the “Units”) at a price of $0.05 per Unit (the “Offering”).

    Each Unit is comprised of one common share of the Company (each, a “Common Share“) and one whole Common Share purchase warrant (each, a “Warrant“) of the Company, each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.07 per Common Share for a period of two (2) years from the date of issuance.

    Net proceeds of the Offering are anticipated to be used for the development and early-stage engineering of the Company’s proposed waste-to-hydrogen facility in British Columbia (the “BC Facility”), including regulatory and incentive application work, as well as general working capital purposes, including the payment of approximately $750,000 under the terms of the Settlement Agreement (as defined in and further described in the Company’s news release dated April 30, 2025).  

    Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange (the “Exchange”). While the Offering is non-brokered, the Company may pay finder’s fees in cash or securities to certain arm’s length finders engaged in connection with the Offering, subject to the approval of the Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus one day from the date of issuance and applicable securities legislation.

    Ryan C. Jackson, Chief Executive Officer of Cielo, commented: “While the Offering will result in some dilution, the expected cancellation of at least approximately 40,000,000 shares through an unrelated transaction, as announced in our April 30 press release, will help mitigate the impact on Cielo’s capital structure and support shareholder value.”

    Proposed Project – Cielo Aligns with Hydrogen Market Poised for Significant Growth

    Cielo’s remains committed to its core mission of generating enduring environmental and economic value from waste. As the global demand for alternative fuels and sustainable energy solutions continues to accelerate, the Company intends to strategically position itself for growth by applying its expertise to a scalable, forward-facing model designed to attract structured support and enhance shareholder value.

    The Company’s decision to pursue this path is grounded in economic pragmatism and aligns with a sector Cielo believes is poised for substantial growth worldwide. This initiative is not a speculative shift but a deliberate and strategic entry into a global market driven by an increasing need for alternative fuels, energy security, and environmentally regenerative models.

    The BC Facility, the Company’s priority project, aims to tackle a significant environmental challenge by offering a sustainable disposal solution for scrap railway ties while generating hydrogen as part of the process. Designed to adhere to tightening regulatory requirements, the facility is also expected to enable Cielo to participate in targeted clean energy funding programs, including British Columbia’s Low Carbon Fuel Standard and federal initiatives.

    Mr. Jackson continued: “Through each stage of Cielo’s evolution, we have gained valuable perspective that has sharpened our approach and focus on discipline, transparency, and measurable results.”

    This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    ABOUT CIELO

    Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value products. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling environmental change with a mission to be a leader in the wood waste to usable products industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society by providing environmental waste solutions, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan C. Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: the terms of the Offering and the anticipated closing thereof; the anticipated cancellation of at least approximately 40 million shares and impact thereof; the BC Facility and related matters, including but not limited to the characteristics of the market as well as funding opportunities.

    Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although the Company has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

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

    The MIL Network –

  • MIL-OSI: Regula Named a Pioneer in Online Biometric Age Assurance

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., May 13, 2025 (GLOBE NEWSWIRE) — Regula, a global developer of forensic devices and identity verification (IDV) solutions, has been recognized as a Pioneer in the newly released 2025 UK Online Biometric Age Assurance Market Report and Buyers Guide. The report, which evaluates leading biometric age assurance providers, highlights Regula for its innovative and accurate biometric verification technology, effective fraud prevention, ease of integration, and compatibility with various standards and regulations.

    Image: Age verification as part of the document verification procedure combined with a biometric check.

    With global concern rising over how to prevent minors from accessing age-restricted content online, the demand for reliable age assurance solutions is surging. The UK’s Online Safety Act (OSA) has set new standards, requiring social networks, adult-content platforms, and other online services to move beyond outdated self-certification models and adopt robust, biometric age verification mechanisms.

    According to the report, the market for biometric age assurance solutions in the UK alone is forecasted to exceed £202 million annually by 2027, reaching an annual growth of almost 75%.

    Regula’s approach to age assurance

    Regula earned its Pioneer designation thanks to its comprehensive approach, combining advanced document verification with biometric authentication to deliver a reliable, user-friendly age verification process.

    Regula Document Reader SDK, supported by the world’s largest ID template database, scrutinizes every possible document to detect inconsistencies or alterations that may indicate fraud. Meanwhile, the company’s solution for biometric verification—Regula Face SDK—performs biometric checks, such as face matching and liveness detection, to verify that the person presenting the ID is its real legitimate owner.

    Working together, these technologies align with key OSA compliance factors, including following international cybersecurity and IDV standards and ensuring biometric liveness, a crucial step in online identity proofing and age verification.

    What also sets Regula apart is the support for flexible age assurance workflows. Through its solutions, the company offers both age verification and age estimation functionality, such as analysis of facial features, document data check and cross validation, portrait and selfie comparison, etc., which is adaptable to varying risk profiles and user experiences. This versatility makes Regula’s solutions suitable for sectors ranging from finance and telecom to retail and online content providers.

    “The world undoubtedly is transitioning to stricter age verification requirements. In our online reality, accurately verifying age is about more than just ticking a box. It’s about protecting minors, preventing fraud, and creating safer digital spaces for everyone. With this shift, businesses need solutions that balance regulatory compliance, accuracy, and seamless user experience. At Regula, we never stop innovating to make identity verification in general and age assurance in particular more effective, reliable, and adaptable to the real-world challenges of our customers. That is why we are honored to be recognized as a Pioneer in this latest report. Because it’s indeed what we do—pioneer the IDV industry,” says Henry Patishman, Executive Vice President of Identity Verification Solutions at Regula.

    Regula’s recognition as a Pioneer follows recent acknowledgments in other influential market analyses. For example, recently the company was named a Representative Vendor in the 2024 Gartner® Market Guide for KYC Platforms for Banking.

    To learn more about how Regula approaches age verification, visit the website.

    Read more on the topic in the Regula blog:

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regulaforensics.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f97cbdbc-5bd9-4cbe-a237-0f5e895b18ce

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos Canada: Find Out The Top Canadian Crypto Casino Of 2025! – By Jackbit Casinos

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 13, 2025 (GLOBE NEWSWIRE) — After evaluating several options using strict criteria, our expert team identified the best crypto casinos in Canada. By analyzing game variety, bonuses, security features, and overall user experience, we’ve carefully selected the top crypto casino Canada platforms that truly stand out. Our research, combined with feedback from local players, highlights these casinos as providing the most remarkable and secure online gambling experiences.

    VISIT JACKBIT CRYPTO CASINO NOW & GET YOUR WELCOME BONUSES!

    Among the options, JACKBIT emerges as a leading platform for 2025, receiving a 4.9/5 rating. Launched in 2022, this Bitcoin casino Canada offers a no KYC policy, fast crypto transactions, and a vast selection of over 6,600 games, positioning it as a prime choice for the best online crypto casino play. In this detailed review, we’ll discuss why JACKBIT is one of the best crypto casinos in Canada with a focus on its features, bonuses, game offerings, and more.

    JACKBIT: A Leading Crypto Casino in Canada

    JACKBIT checks all the boxes for the best crypto casino Canada, making it our top recommendation for 2025. Operating under a Curacao eGaming license, JACKBIT ensures compliance with international standards for fair play and security. With its no KYC policy, Canadian players can register and play without providing personal information, a crucial benefit for those seeking privacy in crypto gambling in Canada. Its rapid crypto withdrawals, processed in just seconds, fulfill the needs of players who prefer a high-payout Canadian crypto casino, ensuring fast access to their winnings.

    The platform’s attractive welcome bonus includes a 30% rakeback, no KYC, and 100 free spins with no wagering requirements, giving players immediate value to explore the extensive game library. Regular promotions, including VIP rakeback and tournaments, further enhance the Bitcoin casino bonus offerings. With a catalog of over 6,600 games from 91 top providers, along with a comprehensive sportsbook, JACKBIT stands out as a premier Bitcoin casino in Canada.

    VISIT JACKBIT CASINO AND CLAIM YOUR WELCOME BONUS!

    JACKBIT – Best Crypto Casino Canada for Fast Payouts & Instant Withdrawals

    Since its debut in 2022, JACKBIT has set new standards for the best crypto casino Canada experience, offering innovative features and a player-focused platform. The no KYC policy enables Canadian players to sign up and start playing immediately, without submitting personal details, ensuring maximum privacy.

    As a crypto casino in Canada, JACKBIT processes cryptocurrency transactions instantly, allowing players to deposit, play, and withdraw winnings in just a few minutes—a hallmark of new-generation crypto casinos.

    New players can take advantage of an attractive 30% rakeback, no KYC, and 100 free spins with no wagering requirements on select promotions, making it one of the most appealing Bitcoin casino bonuses available. Regular promotions include a VIP Rakeback Club offering up to 30% rakeback, weekly giveaways with $10,000 prize pools, and Pragmatic Play’s Drops & Wins tournaments with a €2,000,000 prize pool, adding significant value for crypto gambling Canada enthusiasts.

    With a game library powered by top providers like Pragmatic Play, Evolution Gaming, and Play’n GO, JACKBIT offers over 6,600 titles, ranging from high-RTP slots to live dealer games and a sportsbook covering over 140 sports.

    The platform’s sleek, user-friendly interface is available in 10 languages, including English, ensuring it’s accessible to Canadian players. Enhanced by SSL encryption for data protection and 24/7 customer support through live chat and email, JACKBIT is a top contender among Canadian crypto casinos.

    Pros and Cons of JACKBIT Casino

    To offer a comprehensive view, here are the key advantages and potential disadvantages of JACKBIT as a crypto casino Canada:

    Pros:

    • Operates as a no-KYC crypto casino, ensuring complete privacy for Canadian players.
    • Offers instant crypto deposits and withdrawals, perfect for crypto gambling in Canada.
    • Features over 6,600 games, including slots, live dealer games, and sports betting options.
    • Provides a 30% Rakeback + No KYC + 100 free spins with no wagering requirements.
    • Supports 16+ cryptocurrencies, ensuring secure and seamless transactions.
    • Offers 24/7 multilingual customer support through live chat and email.
    • Optimized for mobile play, making it one of the best crypto casinos Canada for gaming on the go.
    • Includes high-payout games with competitive RTPs, perfect for online casino real money play.

    Cons:

    • Being a newer platform (launched in 2022), it doesn’t have the long-standing reputation of older Bitcoin casinos Canada.
    • Some bonuses may come with specific terms or wagering requirements that need review.
    • Traditional payment withdrawals may take 1-3 days, slower than crypto transactions.
    • Availability could be restricted in certain regions due to licensing limitations.

    How to Join JACKBIT – The Best Crypto Casino Canada

    Getting started at JACKBIT, widely considered one of the best crypto casinos Canada, is a quick and straightforward process designed to get Canadian players playing in minutes:

    1. Visit JACKBIT Casino: Click here to head to JACKBIT Casino and access the registration page.
    2. Create Your Account: Click on “Sign Up” and provide an email address and password. Thanks to the no KYC crypto casino policy, you won’t need to submit personal details, ensuring a fast registration.
    3. Make Your First Deposit: Head to the cashier, choose your payment method (such as Bitcoin, Ethereum, Visa, or MasterCard), and deposit at least $10 or its equivalent to qualify for the welcome bonus. For crypto deposits, you can scan the QR code or copy the wallet address.
    4. Claim Your Bonus: Enjoy 100 free spins, credited instantly, which you can use on top slots like Gates of Olympus.
    5. Start Playing: Dive into over 6,600 games or place bets on sports, making use of your Bitcoin casino bonus for your online gambling adventures.

    Pro Tip: Confirm your email and check the promotions page for the latest bonus codes to ensure smooth activation. Save your wallet address for quicker future deposits to enhance your crypto casino Canada experience.

    How We Selected JACKBIT as the Best Crypto Casino Canada

    Our decision to recommend JACKBIT as the best crypto casino Canada involved a thorough evaluation process tailored to the needs of Canadian players looking for crypto gambling Canada. Here’s a breakdown of the essential criteria we considered, each carefully assessed to confirm JACKBIT’s excellence:

    • Licensing and Regulation

    JACKBIT holds a Curacao eGaming license, ensuring compliance with international standards for fair play and security. We verified its licensing details to confirm its legitimacy as a trusted online casino.

    • Security Measures

    Advanced SSL encryption and provably fair games ensure player data is protected, and outcomes remain transparent. Regular third-party audits by independent agencies further verify game fairness, building player trust.

    • Game Variety and Quality

    A diverse and high-quality game library is essential. With over 6,600 games from 91 providers, including slots, table games, live dealer options, and a comprehensive sportsbook, JACKBIT offers variety for every preference, cementing its place among the best online crypto casinos.

    Bonuses and Promotions

    Generous Bonuses and Promotions

    JACKBIT offers some of the most generous and fair bonuses, adding great value to the player experience. Its welcome offer—30% rakeback + 100 free spins with no wagering requirements on select promotions—outshines many competitors. Ongoing promotions like VIP rakeback, weekly giveaways, and Drops & Wins tournaments provide extra incentives for players.

    Other Promotions Include:

    • 3+1 FreeBet
    • Bet Insurance
    • Social Media Bonuses
    • NBA Playoffs Cashback

    CLAIM YOUR 30% RAKEBACK + 100 FREE SPINS AT JACKBIT

    Tournaments and Prize Pools

    JACKBIT thrives on competition, providing exciting opportunities for players to join casino and sports tournaments with prize pools often reaching six figures. Key tournaments include:

    • Daily Tournament – 1,000 Free Spins
    • Weekly Tournament – Prize pool up to $10,000
    • Pragmatic Play’s Drops & Wins Campaign – Reward pool up to €2,000,000

    Payment Methods

    JACKBIT supports over 16 cryptocurrencies, including Bitcoin, Ethereum, and Solana, offering instant, fee-free transactions. It also provides traditional options like Visa, MasterCard, and bank transfers for added flexibility. We thoroughly reviewed transaction speeds, fees, and limits to ensure they align with the standards of instant withdrawal casinos.

    Customer Support

    Reliable, accessible support is essential. JACKBIT provides 24/7 live chat and email support in multiple languages, ensuring quick resolution for any queries. Our team tested response times and support quality to verify their reliability.

    User Experience

    The platform boasts a mobile-optimized, intuitive interface, perfect for online crypto casino play. With a responsive design available in 10 languages, JACKBIT ensures seamless navigation across devices. We assessed site performance, mobile compatibility, and overall user feedback to ensure an excellent experience.

    Player Feedback and Reputation

    Player reviews from platforms like Trustpilot (4.4/5) emphasize JACKBIT’s strengths in payout speed and game variety, although some mention complexity in bonus terms. We cross-referenced this feedback to ensure it matches the reputation of the best Bitcoin casino Canada.

    Responsible Gambling Measures

    JACKBIT offers essential tools like deposit limits, session reminders, and self-exclusion to maintain a safe and responsible environment for crypto gambling Canada. We evaluated these measures to ensure they align with ethical gambling practices.

    Market Position and Innovation

    As a newer platform, JACKBIT stands out for adopting emerging cryptocurrencies like Solana and offering provably fair games, positioning itself as a forward-thinking crypto casino Canada. We assessed its technological innovations to ensure it meets the demands of modern online crypto casinos.

    JACKBIT’s impressive performance across these areas, particularly its no KYC crypto casino policy and instant withdrawals, solidifies its status as the best crypto casino Canada for 2025, providing a secure and rewarding experience for Canadian players.

    Best Crypto Casino Canada Games at JACKBIT

    JACKBIT offers an impressive collection of over 6,600 games from 91 providers, establishing itself as a best crypto casino Canada choice. Below is a breakdown of its offerings, designed to cater to every gaming preference and ideal for online casino real money play:

    Online Slots:

    • Gates of Olympus (Pragmatic Play, 96.50% RTP): A 6×5 slot featuring a mythological theme, tumbling reels, multipliers up to 500x, and a maximum win of 5,000x, perfect for Bitcoin casino Canada players seeking high payouts.
    • Sweet Bonanza (Pragmatic Play, 96.49% RTP): A candy-themed 6×5 slot with a pay-anywhere system, tumbling feature, and a 21,175x max win, great for online casino real money enthusiasts.
    • Book of Dead (Play’n GO, 96.21% RTP): A 5-reel, 10-payline adventure slot with expanding symbols during Free Spins, offering a 5,000x max win, a favorite for crypto gambling Canada players.
    • Mega Moolah (Microgaming, 88.12% RTP): A progressive jackpot slot with multi-million-dollar payouts, ideal for online casino real money players chasing life-changing wins.
    • Wolf Gold (Pragmatic Play, 96.01% RTP): A 5-reel, 25-payline slot with stacked wilds, Money Respin feature, and a 5,000x max win, a popular choice for Bitcoin casinos Canada players.
    • Starburst (NetEnt, 96.09% RTP): A 5-reel, 10-payline slot with expanding wilds and a 500x max win, renowned for its vibrant visuals and frequent payouts.

    Table Games:

    • Blackjack: Variants like Classic, Multi-Hand, and European Blackjack provide low house edges (0.5% with optimal strategy), perfect for online casino real money play.
    • Roulette: Options like European (2.7% house edge), American, and French Roulette offer diverse betting opportunities, appealing to crypto gambling Canada players.
    • Poker: Games such as Caribbean Stud, Three Card Poker, and Texas Hold’em offer skill-based gameplay and high payout potential, enhancing the best online crypto casino experience.
    • Baccarat: Classic and Punto Banco variants offer simple rules and competitive payouts, favored by high rollers.

    Live Dealer Games:

    Over 250 live tables powered by Evolution Gaming, including:

    • Lightning Roulette: This game features multipliers up to 500x, ideal for Canadian crypto casino players who enjoy instant crypto payouts.
    • Infinite Blackjack: Unlimited player participation with side bets for greater win potential, offering an immersive Bitcoin casino Canada experience.
    • Crazy Time: A vibrant, interactive game show with bonus rounds, perfect for online gambling for real money entertainment.
    • Baccarat Squeeze: Real-time dealer interaction with suspenseful card reveals, catering to online casino real money enthusiasts.

    Sportsbook:

    JACKBIT’s sportsbook covers 140+ sports, with more than 82,000 live events monthly and 75,000+ pre-match events, including popular leagues like NHL, NBA, Premier League, niche sports such as table tennis, darts, and esports (CS:GO, Dota 2). The platform also offers live betting, cash-out options, and over 4,500 betting types (e.g., over/under, parlays, player props), providing diverse online gambling for real money opportunities. NHL betting is especially appealing for Canadian players.

    Specialty Games:

    • Scratch Cards: Quick-win games like Scratch Dice offer instant payouts, ideal for casual online casino real money play.
    • Keno: Lottery-style games with customizable bets, offering a fun, easy experience for crypto gambling Canada players.
    • Virtual Sports: Simulated events like virtual football and horse racing provide fast-paced betting options, perfect for Canadian crypto casino users.

    START WINNING NOW WITH A HUGE SELECTION OF GAMES AT JACKBIT!

    This broad and high-quality game selection, consistently updated with fresh titles, solidifies JACKBIT as a top crypto casino Canada, offering endless entertainment and opportunities to win for online casino real money players.

    Best Crypto Casino Canada Payment Methods at JACKBIT

    JACKBIT’s payment system is built for speed, security, and flexibility, making it an ideal choice as a no KYC crypto casino for online casino real money play in Canada. Below is a comprehensive look at its payment options, highlighting their advantages for crypto gambling Canada players:

    Payment Method Type Processing Time Minimum Deposit Notes
    Bitcoin (BTC) Cryptocurrency Instant $10 Fee-free, anonymous
    Ethereum (ETH) Cryptocurrency Instant $10 High security, smart contracts
    Tether (USDT) Cryptocurrency Instant $10 Stablecoin, low volatility
    Solana (SOL) Cryptocurrency Instant $10 Low fees, fast transactions
    Binance Coin (BNB) Cryptocurrency Instant $10 Versatile, ecosystem support
    Visa/MasterCard Traditional Instant (deposits), 1-3 days (withdrawals) $10 Familiar, widely accepted
    Bank Transfer Traditional 1-5 days $50 Suitable for high rollers
    Skrill/Neteller E-Wallet Instant (deposits), 1-2 days (withdrawals) $10 Secure, private transactions
             

    Cryptocurrencies:

    JACKBIT supports over 16 cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, Binance Coin, and others, offering several advantages for crypto gambling Canada players:

    • Instant Transactions: Deposits and withdrawals are completed within seconds, meeting the standards of instant withdrawal casinos.
    • Privacy: The no KYC crypto casino policy guarantees player anonymity, a key feature for those prioritizing privacy.
    • Security: Blockchain technology ensures secure, transparent, and tamper-proof transactions, reducing the risk of fraud.
    • Low Fees: Minimal or no transaction fees compared to traditional methods, providing better returns for Bitcoin casino Canada users.

    For instance, depositing Bitcoin is simple—choose BTC in the cashier, scan a QR code or copy the wallet address, confirm the transaction, and the funds are available instantly.

    Traditional Methods:

    • Visa/MasterCard: Instant deposits with a $10 minimum, widely accepted for online casino real money players. Withdrawals take 1-3 days, which is typical for traditional payment options, making it accessible for those who don’t use crypto.
    • Bank Transfers: Suitable for larger deposits, though withdrawals can take 1-5 days and may incur fees. These methods are less ideal for instant withdrawal needs but are still a reliable option for high rollers seeking online gambling for real money.

    E-Wallets:

    • Skrill and Neteller: These secure e-wallets allow private transactions without sharing bank details, with instant deposits and withdrawals typically completed within 1-2 days, enhancing the online casino real money experience. They are ideal for players who prefer alternatives to cryptocurrencies or credit cards.

    JACKBIT’s focus on cryptocurrencies, combined with its support for traditional payment options and e-wallets, ensures flexibility and quick transactions, making it one of the best crypto casinos Canada for seamless online casino real money play. The no KYC policy streamlines the entire process, allowing Canadian players to focus on the gaming experience without unnecessary paperwork.

    ENJOY FAST, SECURE TRANSACTIONS AND BIG WINS AT JACKBIT!

    Why Choose Crypto Casinos in Canada?

    Crypto casinos provide significant advantages over traditional online casinos, making them a popular choice for crypto gambling Canada:

    • Privacy and Anonymity: No KYC crypto casinos, like JACKBIT, offer anonymous play, protecting player identities—a major benefit for Canadian crypto casino enthusiasts.
    • Speed and Efficiency: Cryptocurrency transactions are nearly instantaneous, with deposits and withdrawals completed within seconds, far quicker than traditional banking methods, aligning with the expectations of instant withdrawal casinos.
    • Enhanced Security: Blockchain technology ensures secure and transparent transactions, lowering fraud risks and increasing trust in Bitcoin casinos Canada.
    • Lower Transaction Costs: Cryptocurrency transactions typically come with minimal or no fees, boosting player returns when compared to credit card or bank transfer fees, making it ideal for crypto casinos Canada.
    • Innovative Features: Many crypto casinos feature provably fair games, allowing players to verify the outcomes, increasing trust in the best online crypto casino platforms.
    • Global Accessibility: Cryptocurrencies bypass regional banking restrictions, making online crypto casinos accessible to Canadian players, subject to local regulations.

    These benefits, combined with JACKBIT’s robust offerings, position it as a leading new crypto casino for 2025, meeting the evolving demands of Canadian gamblers.

    The Rise of Crypto Gambling in Canada: Why JACKBIT Leads

    The crypto gambling market in Canada is seeing rapid growth, fueled by increased adoption of cryptocurrencies and the demand for privacy-focused gaming options. Global industry reports predict the crypto gambling market could reach $65 billion by 2027, with Canada playing a significant role due to its progressive stance on digital currencies and gambling.

    Canadian players are attracted to crypto gambling sites because they offer fast, secure, and anonymous transactions, bypassing some of the restrictions of traditional banking methods.

    JACKBIT is leading this trend by blending cutting-edge technology with player-focused features. Its no KYC policy addresses privacy concerns, while support for emerging cryptocurrencies like Solana positions it as a forward-thinking Bitcoin casino Canada.

    The platform’s 30% rakeback welcome bonus and extensive game library offer unbeatable value. As cryptocurrency adoption continues to grow in Canada, JACKBIT’s innovative approach makes it the go-to Canadian crypto casino for players seeking a secure and rewarding experience.

    Tips for Winning Big at JACKBIT

    To maximize your success at JACKBIT, considered by many as the best crypto casino Canada, here are expert strategies tailored to Canadian players:

    • Choose High-RTP Games: Select slots like Gates of Olympus (96.50% RTP) or Book of Dead (96.21% RTP), available at JACKBIT. These games offer better odds for consistent returns, improving your Bitcoin casino Canada winnings.
    • Leverage Bonuses Wisely: Take full advantage of JACKBIT’s 30% rakeback and 100 free spins welcome bonus with no wagering requirements. Use free spins on high-RTP slots to grow your crypto casino Canada bankroll without risking your own funds. Regularly check the promotions page for exclusive Bitcoin casino bonus offers.
    • Manage Your Bankroll: Set a budget for each session and stick to it. For instance, allocate $50 per session to prolong your playtime, increasing your chances of hitting a win at this Canadian crypto casino.
    • Learn Game Strategies: For skill-based games like blackjack or poker, study basic strategies to reduce the house edge. Canadian players can find resources online to improve their skills, leading to better returns in online casino real money play at JACKBIT.
    • Participate in Tournaments: Join events like Pragmatic Play’s Drops & Wins, offering a €2,000,000 prize pool. These tournaments add excitement and potential rewards to your crypto gambling Canada experience, with random cash drops and weekly competitions.
    • Bet Smart on Sports: JACKBIT’s sportsbook covers 140+ sports, including hockey and esports. Research teams and take advantage of live betting options like over/under or parlays for higher payouts. With over 4,500 betting types available, JACKBIT offers extensive opportunities for online gambling for real money.
    • Use Responsible Gambling Tools: Utilize JACKBIT’s deposit, loss, and session time limits to maintain control, ensuring a sustainable online gambling for real money experience.
    • Stay Informed: Follow JACKBIT on social media or subscribe to their newsletters for exclusive Bitcoin casino bonus offers, such as additional free spins or cash rewards, enhancing your crypto casinos Canada play.

    By applying these strategies, Canadian players can optimize their crypto casino Canada experience at JACKBIT, increasing their chances of winning while enjoying a safe and responsible gaming environment.

    JACKBIT Conclusion: The Best Crypto Casino Canada for 2025

    After a comprehensive review of various crypto casinos Canada, JACKBIT stands out as the best crypto casino Canada for 2025. Its no KYC policy ensures the highest level of privacy, allowing Canadian players to enjoy anonymous gaming without sacrificing security. With instant crypto transactions processed in seconds, it provides unparalleled convenience for depositing and withdrawing funds, a signature feature of top Bitcoin casinos Canada.

    With an impressive library of over 6,600 games from 91 leading providers, JACKBIT offers something for everyone. From high-RTP slots like Sweet Bonanza to live dealer games and a comprehensive sportsbook covering 140+ sports, including NHL hockey and esports like CS:GO, Canadian players are guaranteed a rich gaming experience.

    The generous welcome bonus, offering 30% rakeback and 100 free spins with no wagering requirements, delivers immediate value. Ongoing promotions like VIP rakeback, weekly giveaways, and Drops & Wins tournaments further enhance the crypto gambling Canada experience.

    JACKBIT supports over 16 cryptocurrencies, along with traditional methods like Visa and MasterCard, offering flexibility for Canadian players. Advanced SSL encryption and provably fair games ensure a secure and transparent environment. Additionally, 24/7 customer support in English provides prompt assistance. The platform is mobile-optimized, offering seamless gaming on smartphones and tablets, making it accessible from anywhere, at any time.

    Furthermore, JACKBIT prioritizes responsible gambling by providing tools such as deposit limits, loss limits, and self-exclusion, promoting a safe and enjoyable environment for all Canadian players. If you’re looking for the ultimate Canadian crypto casino experience, JACKBIT is the clear choice. Join JACKBIT Casino today to start your online casino real money journey at the best crypto casino Canada!

    DON’T WAIT! VISIT JACKBIT NOW AND START WINNING BIG!

    Frequently Asked Questions

    • What makes JACKBIT the best crypto casino in Canada?

    JACKBIT excels with its no KYC privacy, instant crypto withdrawals, over 6,600 games, and a 30% rakeback bonus, making it the top choice for Canadian players seeking crypto gambling Canada.

    • Is JACKBIT legal for Canadian players?

    Licensed by Curacao eGaming, JACKBIT is available to Canadian players, but users should verify compliance with local gambling laws for crypto casinos Canada.

    • What cryptocurrencies does JACKBIT accept?

    JACKBIT supports 16+ cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, and Binance Coin, providing flexibility for Bitcoin casino Canada transactions.

    • How fast are withdrawals at JACKBIT?

    Crypto withdrawals are processed instantly, while traditional payment methods like Visa or bank transfers take 1-3 days, ensuring quick access for Canadian crypto casino players.

    • Does JACKBIT offer a welcome bonus?

    Yes, new players receive a 30% rakeback and 100 free spins with no wagering requirements, enhancing the Bitcoin casino bonus experience.

    • What games are available at JACKBIT?

    JACKBIT offers a wide variety of games, including slots, table games, live dealer games, and a sportsbook featuring 140+ sports, catering to diverse crypto gambling Canada preferences.

    • Is there customer support at JACKBIT?

    Yes, JACKBIT provides 24/7 live chat and email support in multiple languages, ensuring timely assistance for crypto casino Canada players.

    • How does the no KYC policy work at JACKBIT?

    Crypto users can register and play without identity verification, which is a key benefit of no KYC crypto casinos.

    • Are there fees for transactions at JACKBIT?

    Crypto transactions are fee-free, while traditional methods may incur standard banking fees, which is typical for Bitcoin casinos Canada.

    • What responsible gambling tools does JACKBIT provide?

    JACKBIT offers deposit limits, loss limits, session time limits, and self-exclusion options to encourage safe and responsible crypto gambling Canada practices.

    Email: support@jackbit.com

    Legal Disclaimer

    This content is for informational and entertainment purposes only and does not offer legal, financial, or gambling advice. Information is provided “as is” without any guarantee of accuracy. It’s your responsibility to verify details and follow local gambling laws. Gambling carries financial risks and the potential for addiction—bet only what you can afford to lose. If needed, seek help from organizations like GamCare or BeGambleAware. Some links may be affiliate links, earning a commission at no extra cost to you. JACKBIT is licensed outside the UK and may not be available in all regions.

    Photos accompanying this announcement are available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/eb828174-f73e-41dd-afb1-afe2cae2cbe2
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c8393df2-2213-4d13-9e71-05729912997a

    The MIL Network –

  • MIL-OSI: Kingsoft Cloud to Report First Quarter 2025 Financial Results on May 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 13, 2025 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) (“Kingsoft Cloud” or the “Company”), a leading cloud service provider in China, today announced that it will release its unaudited financial results for the first quarter 2025 ended March 31, 2025 before the open of U.S. markets on Wednesday, May 28, 2025.

    Kingsoft Cloud’s management will host an earnings conference call on Wednesday May 28, 2025 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day).

    Preregistration Information
    Participants can register for the conference call by navigating to https://register-conf.media-server.com/register/BI5f4e481f10a54bdc8e351f2645183b41. Once preregistration has been completed, participants will receive dial-in numbers, direct event passcode, and a unique access PIN.

    To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the passcode followed by your PIN, and you will join the conference instantly.

    Additionally, a live and archived webcast of the conference call will also be available on the Company’s investor relations website at http://ir.ksyun.com.

    About Kingsoft Cloud Holdings Limited

    Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX: 3896) is a leading cloud service provider in China. Kingsoft Cloud has built a comprehensive and reliable cloud platform consisting of extensive cloud infrastructure, cutting-edge cloud products and well-architected industry-specific solutions across public cloud and enterprise cloud.

    For more information, please visit: http://ir.ksyun.com.

    For investor and media inquiries, please contact:

    Kingsoft Cloud Holdings Limited
    Nicole Shan
    Tel: +86 (10) 6292-7777 Ext. 6300
    Email: ksc-ir@kingsoft.com

    The MIL Network –

  • Ukraine’s Zelenskiy insists on face-to-face talks with Putin in Istanbul

    Source: Government of India

    Source: Government of India (4)

    President Volodymyr Zelenskiy will only attend talks on Ukraine if Russia’s Vladimir Putin is also there, the Ukrainian leader’s top aide said on Tuesday, challenging the Kremlin to show it is genuine about seeking peace.
     
    U.S. President Donald Trump has offered to attend Thursday’s proposed meeting in Istanbul, which has become the focus of his attempts to end the deadliest conflict in Europe since World War Two. Putin has yet to say if he will take part.
     
    Both Russia and Ukraine have sought to show they are working towards peace after Trump prioritised ending the war, but they have yet to agree any clear path.
     
    Putin on Sunday proposed direct talks with Ukraine after ignoring a Ukrainian proposal for an unconditional 30-day ceasefire. Trump then publicly told Zelenskiy to accept.
     
    “President Zelenskiy will not meet with any other Russian representative in Istanbul, except Putin,” Ukrainian presidential adviser Mykhailo Podolyak told Reuters.
     
    His chief of staff, Andriy Yermak, said Zelenskiy’s trip to Turkey showed Kyiv was ready for talks but repeated Ukraine’s stance that any negotiations must come after a ceasefire.
     
    “Our position is very principled and very strong,” Yermak said during a visit to Copenhagen.
     
    Moscow has not said if Putin will travel to Turkey.
     
    “We are committed to a serious search for ways of a long-term peaceful settlement,” Kremlin spokesman Dmitry Peskov told reporters on Monday but would not comment further on the talks.
     
    Putin launched a full-scale invasion of Ukraine in February 2022, unleashing a war that has killed hundreds of thousands of soldiers on both sides. Most of Europe has rallied around Kyiv providing arms and financial aid, while Russia has turned to Iran and North Korea for support.
     
    Trump has demanded the two nations end the war, threatening to walk away from efforts to broker a peace deal unless there are clear signs of progress soon.
     
    TRUMP GOES TO TURKEY?
     
    If Zelenskiy and Putin, who make no secret of their mutual contempt, were to meet on Thursday it would be their first face-to-face meeting since December 2019.
     
    Trump, who is due to visit Saudi Arabia, the United Arab Emirates and Qatar this week, unexpectedlyoffered on Mondayto travel to Istanbul, which straddles the divide between Europe and Asia.
     
    “I was thinking about actually flying over there. There’s a possibility of it, I guess, if I think things can happen, but we’ve got to get it done,” Trump said before leaving for his second foreign trip since returning to the White House in January.
     
    “Don’t underestimate Thursday in Turkey,” he added.
     
    Following the offer, U.S. Secretary of State Marco Rubio discussed the “way forward for a ceasefire” in Ukraine with his Ukrainian, British, French, Polish, German and EU counterparts.
     
    Russian Foreign Minister Sergei Lavrov, meanwhile,held talks with his Turkish counterpart Hakan Fidan.
     
    FAR APART
     
    Reuters reported last year that Putin was open to discussing a ceasefire with Trump, but that Moscow ruled out making any major territorial concessions and insists Kyiv abandon ambitions to join NATO.
     
    Ukraine has said it is ready for talks but a ceasefire is needed first, a position supported by its European allies.
     
    Kyiv wants robust security guarantees as part of any peace deal and rejects a Russian proposal for restrictions on the size of its military. Territorial issues could be discussed once a ceasefire is in place, it says.
     
    Putin has repeatedly referred to a 2022 deal which Russia and Ukraine negotiated shortly after the Russian invasion but never finalised.
     
    Under the draft agreement, a copy of which Reuters has reviewed, Ukraine should agree to permanent neutrality in return for international security guarantees from the five permanent U.N. Security Council members: Britain, China, France, Russia and the United States.
     
    Ukraine and its European allies have told Russia that it would have to accept an unconditional 30-day ceasefire from Monday or face new sanctions. The Kremlin replied, saying it would not respond to ultimatums.
     
    France said on Monday European leaders, who met in Ukraine over the weekend, had asked the European Commission to put together new “massive” sanctions targeting Russia’s oil and financial sector if Russia failed to agree a ceasefire.
     
    Russia’s forces control just under a fifth of Ukraine, including all of Crimea, almost all of Luhansk, and more than 70% of Donetsk, Zaporizhzhia and Kherson regions, according to Russian estimates. It also controls a sliver of Kharkiv region.
     
    Konstantin Kosachev, chairman of the international affairs committee of the Federation Council, the upper house of Russia’s parliament, told the Izvestia media outlet in remarks published on Tuesday that the talks between Moscow and Kyiv can move further than the 2022 negotiations.
     
    “If the Ukrainian delegation shows up at these talks with a mandate to abandon any ultimatums and look for common ground, I am sure that we could move forward,” he said.
     
    (Reuters)

  • MIL-OSI United Nations: 6 May 2025 Strengthening alcohol control and road safety policies

    Source: World Health Organisation

    The African Region has one of the highest burdens of alcohol-related deaths globally – averaging 70 deaths per 100,000 people – second only to Europe. In some countries, this rises to 84 deaths per 100,000. With rapid population growth, even more people are expected to be affected unless stronger policies are implemented. Yet across much of the continent, comprehensive alcohol policies remain scarce, outdated or poorly enforced, leaving countries ill-equipped to tackle the rising harm from alcohol consumption.

    In April, 60 representatives from 15 countries across the World Health Organization’s (WHO) African Region gathered in Accra, Ghana for a landmark SAFER inter-country learning workshop aimed at strengthening collaboration and accelerating implementation of alcohol control and road safety policies. The workshop was jointly hosted and supported by WHO, the WHO-led SAFER Initiative, and the Bloomberg Philanthropies Initiative for Global Road Safety (BIGRS), with financial support from Bloomberg Philanthropies and the Government of Norway.

    The synergy between the SAFER Initiative and Bloomberg Initiative for Global Road Safety (BIGRS) is critical, as both initiatives share a common goal of reducing alcohol-related harm and improving road safety. Let us seize this opportunity to work together for a safer, healthier Ghana and Africa.

    Hon. Kwabena Mintah Akandoh, Minister for Health, Ghana

    The 15 country teams included representatives from the ministries of health, transport, finance, and justice, as well as from the offices of the attorneys general, to accelerate the implementation of high-impact alcohol control and road safety policies.

    Multisectoral collaboration is essential – not optional – for achieving lasting public health outcomes. Today’s complex health challenges demand coordinated action across government sectors, civil society, and the private sector, all working together with communities. Only through shared responsibility and joint efforts can we ensure sustainable improvements in population health and wellbeing.

    Dr Adelheid Onyango, Director of Healthier Populations Cluster, WHO Regional Office for Africa (AFRO).

     

    Participants came from Angola, Burkina Faso, Congo, Gabon, Ghana, Equatorial Guinea, Ethiopia, Kenya, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, Seychelles, and Uganda.

    This event built on two WHO-led workshops in 2023:

    • The SAFER inter-country learning workshop held in October 2023 in Addis Ababa, which focused on alcohol policy development in seven countries.
    • The BIGRS workshop held in May 2023 in Kampala, which addressed alcohol-related road safety and legislative change in four countries.

    The Accra workshop brought together countries continuing SAFER and BIGRS implementation with 8 newly engaged countries, creating a regional platform for peer learning and collaboration.

    “We have acquired more knowledge on the SAFER package and learned from other countries which started earlier.”  Participant feedback.

    A strategic and evidence-informed approach

    The workshop was grounded in key WHO global and regional strategies, including the Global Alcohol Action Plan 2022–2030, which sets out a roadmap for reducing harmful alcohol use through national leadership, cross-sectoral coordination, and evidence-based interventions.Regionally, it built on the WHO African Region’s Multisectoral Strategy to Promote Health and Wellbeing (2023–2030) and the Regional Framework for Alcohol Control, both of which call for  integrated approaches and policy coherence for alcohol control within public health systems.

    “This workshop helped us break down our national action plan into implementable strategies.” Participant feedback.

    In line with these frameworks, the workshop followed a structured and evidence-informed approach to support policy progress:

    • Pre-work included virtual orientation sessions and bilateral meetings to review country status and update plans
    • During the in-person sessions in Accra, teams engaged in landscape assessments, delivery plan development, and peer-to-peer support
    • Expert panels with remote participation from Vital Strategies, Movendi International and University of Sterling, explored issues like alcohol industry interference and monitoring and evaluation
    • Countries used the WHO Global Survey on Alcohol and Health to guide planning

    “Policy integrity must be protected from alcohol industry interference,”  Dr. Frank John Lule, WHO Ghana Representative

    Multilingual participation

    The workshop was conducted in four working languages English, French, Portuguese, and Spanish – to accommodate the diversity of countries involved. While this presented logistical challenges, it also created a dynamic, inclusive atmosphere where participants engaged across language and regional boundaries. The investment in multilingual participation paid off, encouraging deeper exchange and regional solidarity.

    “It helped us understand how our strategies are faring compared to our neighbours, even when we speak different languages.” Participant feedback.

    Opportunities for strategic exchange

    One of the most engaging moments of the workshop was the gallery walk – a participatory session where country teams set up “stations” to present their group work and delivery plans. Other delegations walked from station to station, discussing strategies, offering feedback, and exchanging ideas with their peers.

    “The gallery walk was a huge opportunity for knowledge exchange and helped us sharpen our thinking.” Participant feedback.

    This format sparked spontaneous discussions on barriers, solutions, and opportunities. It fostered a sense of ownership and reflection and was widely seen as a powerful tool for strategic thinking and applied learning.

    Workshop outcomes and commitments

    This workshop marks a pivotal moment in shifting from planning to coordinated action. With renewed commitment, shared purpose, and regional momentum, countries are better equipped than ever to reduce alcohol-related harm and improve public health.

    As a result of the workshop:

    • 15 countries finalized or revised SAFER delivery plans
    • 8 new countries presented landscape assessments and implementation strategies
    • Country teams shared commitment statements
    • WHO and partners identified case studies for future dissemination
    • Clear next steps were agreed on for monitoring, technical support, and cross-country exchange

    Country teams identified 2 to 3 priority measures from among the high-impact SAFER interventions to accelerate national action and reduce the substantial harm caused by alcohol consumption. These priority actions reflect growing momentum for evidence-based policy change and examples include: raising excise taxes on alcoholic beverages to reduce affordability and curb consumption; establishing a national minimum legal age for purchasing and consuming alcohol; regulating the density and location of alcohol retail outlets; tightening drink-driving laws by lowering legal blood alcohol concentration (BAC) limits to ≤ 0.5 g/dl in line with international best practice; and integrating alcohol screening, brief interventions, and treatment for alcohol use disorders into mental health and primary care through the WHO Mental Health Gap Action Programme (mhGAP).

    Looking ahead, WHO will continue to support countries in implementing their delivery plans, provide tailored technical assistance, foster cross-country learning and regional collaboration and track progress through global surveys and country follow-up.

    Evaluation

    Post-workshop feedback indicated high levels of satisfaction and provided valuable suggestions for improving future events. All respondents reported being satisfied with the workshop, with over half “very satisfied” and one in five “extremely satisfied.”  Participants valued the interactive format – combining group work, peer learning, and facilitator-led sessions – and praised the facilitators’ expertise and responsiveness. Many noted that the workshop strengthened cross-sector collaboration and provided a clearer sense of direction, renewed motivation, and practical next steps to advance national SAFER alcohol control plans. Comments such as “we are not alone in this struggle” and it “enhanced my knowledge and triggered my commitment” reflected both solidarity and strengthened resolve among participants.

    About SAFER and BIGRS:

    The SAFER Initiative supports countries with five key interventions:

    • Restricting availability of alcohol
    • Enforcing drink-driving countermeasures
    • Expanding access to brief interventions and treatment
    • Banning alcohol marketing and sponsorship
    • Raising alcohol prices through fiscal measures

    The BIGRS Initiative complements SAFER by strengthening road safety legislation, especially for drink-driving and other key risk factors. The Accra workshop demonstrated the value of integrating these initiatives into a shared platform for action.

    The workshop was also the result of collaboration across all three levels of the WHO – headquarters, regional offices, and country offices – demonstrating the multidisciplinary and coordinated approach needed to address the harms of alcohol consumption.

    MIL OSI United Nations News –

  • MIL-OSI: Caisse Française de Financement Local: Report on asset quality as of March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    Paris, May 13, 2025

    REPORT ON ASSET QUALITY AS OF MARCH 31, 2025

    In accordance with the regulatory requirements in force, Caisse Française de Financement Local announces that the French version of the report on asset quality as of March 31, 2025 was filed with the Autorité de contrôle prudentiel et de résolution (ACPR) and that it can be obtained from its webpage: https://sfil.fr/librairie-des-documents-financiers/. The English version of the report on asset quality as of March 31, 2025 can be obtained from its webpage: https://sfil.fr/en/financial-documents-library/.

    Attachment

    The MIL Network –

  • MIL-OSI Europe: Press release – MEPs push for more coordination and resilience in European electricity grids

    Source: European Parliament 3

    MEPs adopted proposals for enhancing grid resilience, integrating renewable energy sources, and simplifying processes to meet the EU’s energy goals.

    In proposals adopted on Tuesday, MEPs from the Industry, Research and Energy Committee put forward ways to modernise Europe’s electricity grid infrastructure to accommodate the growing demand for renewable energy, ensure a resilient decarbonised electricity system, and support the EU’s energy goals.

    The adopted text calls for the implementation of an EU grid action plan and highlights the need for significant investment and infrastructure upgrades to modernise and increase cross-border transmission capacity.

    Better integration of national energy infrastructures

    MEPs highlight that significant investment and upgrades are required to increase cross-border and national-level transmission capacity and to modernise infrastructure. This includes the need for closer supervision by authorities to ensure a decarbonised, flexible, and resilient electricity system.

    The report calls for clearer and more effective rules and procedures to attract private investment in addition to public funding mechanisms, and ensure that network tariffs reflect real costs. It emphasises the need for investment to address grid bottlenecks and prevent the curtailment – the deliberate reduction of production due to grid capacity limits – of renewable energy.

    MEPs stress the importance of a more coordinated and fully pan-European electricity system planning to connect borders, sectors, and regions. They say that renewable energy sources need to be better integrated into electricity grids and that there should be more cross-border interconnections. Ensuring public acceptance and effective communication with citizens are crucial for the successful implementation of new grid projects, MEPs say.

    Quote

    “The Iberian blackout was a painful demonstration of how vulnerable our grids remain. It was a reminder that Europe’s energy transition will fail unless we invest just as strategically in infrastructure as in renewables. The blackout did not prove the failure of the Energy Union – quite the opposite. Thanks to cross-border interconnectors, France was able to step in immediately. Now the Commission must act decisively to prioritise planning and coordination on grids and storage – or we will keep lurching from one crisis to the next,” lead MEP Anna Sturgkh (Renew, Austria) said.

    “We are sending a clear and strong signal to the Commission to keep a well-financed Connecting Europe Facility for Energy (CEF-E) within the upcoming multi-annual budget proposal. EU funds managed by member states must also be more available for grid updates,” she added.

    Next Steps

    The report was adopted with 52 votes to nine, with two abstentions. It will be put to a vote by the full House during the 16-19 June 2025 plenary session in Strasbourg.

    Background

    The electricity system blackout that occurred in the Iberian Peninsula and parts of France on 28 April 2025 underscored the critical importance of enhancing EU grid resilience. The modernisation of Europe’s electricity grids is essential for achieving the EU’s clean energy transition and delivering renewable energy while supporting economic growth and prosperity. According to the European Commission, €584 billion is necessary for electricity grids this decade. This includes cross-border interconnectors and the adaptation of distribution grids to the energy transition.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Almost half of new students in England missed the student finance deadline last year

    Source: United Kingdom – Executive Government & Departments

    News story

    Almost half of new students in England missed the student finance deadline last year

    SLC reminds new students to get their applications in now for 25/26 academic year.

    The Student Loans Company (SLC) is reminding new full-time undergraduate students in England to apply now for students finance, ahead of the application deadline on 16 May 2025.

    Applying before the deadline is the best way to ensure that funding is in place for the start of the 25/26 academic year.

    Last year, almost half (45%*) of new applications were received after the deadline and SLC has released statistics that highlight the difference between the regions.  

    Students in London had the highest proportion of late applications at 57%, while the West Midlands came in second place at 48%, followed by the East of England and Yorkshire and the Humber at 41%. The South West had the least number of late applications, with a third (33%) being submitted after the deadline.

    Throughout the 24/25 academic year SLC paid over £23billion in student funding.  £5billion of which was paid out in first term maintenance and tuition fee payments after confirmation from universities and colleges that students had registered and were attending their courses. For the upcoming 25/26 academic year, SLC has already received over 630,000 submitted applications with more than 450, 000 in the ‘ready to pay’ status.

    But as it can take six to eight weeks to process an application, in line with the student finance regulations, Steven Darling, Director of Customer Experience at SLC, is encouraging new students to apply now. He said:

    “We know that preparing for university is an exciting and busy time for all students, especially those starting their course for the first time and getting your student finance application sorted early is one less thing to worry about.

    “We received almost half of applications after the deadline last year, and with around 1.5million applications every year, applying early means your funding is much more likely to be ready for the start of term and gives you peace of mind over the summer months.”

    Students can apply without a confirmed place at university, as course details can be updated later and their application can be completed entirely online with no need to contact SLC. They should only send or upload evidence through their online account if they are specifically asked to, which also helps to avoid any delays to their application being processed.

    At this busy time of year, SLC’s customer service teams are focused on processing applications to ensure customers have their funding at the start of term. Customers who have recently applied for student finance are advised that there is no need to get in touch with SLC unless asked to do so.  Applications can take around six to eight weeks to be processed and during that time, customers can track their application online and monitor their account for any updates and SLC will let them know if there’s anything further they need to do.

    If students do have queries about their application, they will find help and support available within their online account that will provide answers to their application. SLC’s Live Chat service is also available through the online account, for quick and easy support.

     SLC top tips for Student’s to get their funding is in place on time.

    • Apply now even if you don’t have a confirmed course or university place
    • Applications can be completed and tracked online without any need to contact SLC
    • Send evidence or supporting information only if you are asked to
    • Use ‘Common Questions’ and SLC’s Virtual Assistant for answers to your questions. If you require further help, you can Live Chat through your online account
    • Have your National Insurance Number, passport details, and bank account information ready when making your application
    • Students can apply for a Tuition Fee Loan to cover fees and a Maintenance Loan to help with other costs. Students applying for a higher maintenance loan will also need their parents or partner to support their application online before the deadline. You should make sure you have your parents or partner’s correct e-mail addresses when you apply so that they receive the invite to support your application.
    • Full information can and guidance can be found is available: https://studentfinance.campaign.gov.uk

    Returning students are also reminded to reapply for students finance before the deadline of 20th June 2025.

    Updates to this page

    Published 13 May 2025

    MIL OSI United Kingdom –

  • Balanced growth possible when women lead, says Vice-President Dhankhar

    Source: Government of India

    Source: Government of India (4)

    Vice-President Jagdeep Dhankhar on Tuesday emphasized that true empowerment lies not in distributing freebies or doles, but in equipping individuals to become self-reliant. Addressing members of Self Help Groups (SHGs) from Meghalaya in New Delhi, he said,

    “True empowerment is when people are hand-held and enabled to stand on their own. That brings inner strength, joy, satisfaction, and pride for families.”

    Highlighting the progress of the ‘Look East, Act East’ policy, the Vice-President called the Northeast “a jewel of India,” and described Meghalaya as a “heaven for tourists” blessed with rich natural beauty and cultural wealth. He added that the state has vast potential in tourism, mining, IT, and the services sector.

    Praising the leadership at the Centre and in Meghalaya, Dhankhar attributed the state’s achievements in economic growth and women’s empowerment to visionary governance.

    “The state has registered a commendable 13% rise in Gross State Domestic Product (GSDP) and is projected to cross Rs. 66,000 crore,” he noted, adding that Meghalaya is targeting a $10 billion economy by 2028.

    Referring to the decade-long governance reforms under Prime Minister Narendra Modi, he remarked,

    “In the past decade, India has seen transformative growth in economy, infrastructure, technology, and women empowerment. Our tribal culture is our pride and strength.”

    Underscoring the role of women in inclusive development, the Vice-President stated,

    “Balanced economic development and societal growth happen when women come forward. I am delighted to note a tenfold increase both in the revolving fund and the number of SHG beneficiaries in Meghalaya.”

    Dhankhar’s address was attended by SHG members from the Garo Hills, Khasi Hills, and Jaintia Hills regions, marking a recognition of grassroots participation in Meghalaya’s development journey.

  • MIL-OSI: Bitcoin Solaris Launches Helios Consensus to Power 10,000+ TPS and Smartphone Mining via Nova App

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 13, 2025 (GLOBE NEWSWIRE) — A new era in blockchain performance and accessibility is being ushered in by Bitcoin Solaris. At its core is Helios Consensus, a next-generation protocol architecture that delivers 10,000+ transactions per second, instant finality, and seamless smart contract functionality — all while enabling smartphone-based mining with the soon-to-launch Nova App.

    Engineered for Modern Blockchain Demands

    Helios Consensus is a hybrid, dual-layer design combining several innovative consensus mechanisms:

    • Base Layer: Built with Proof-of-Stake (PoS) and Proof-of-Capacity (PoC) to provide secure, energy-efficient validation.
    • Solaris Layer: Uses Proof-of-History (PoH) and Proof-of-Time (PoT) to drive ultra-fast execution of decentralized applications and token interactions.

    This architecture provides sub-2-second finality and the throughput needed for real-time applications — while preserving decentralization and minimizing energy consumption.

    Key Features of Bitcoin Solaris:

    • 10,000+ TPS performance
    • Smart contract support via a high-speed, Solana-like virtual machine
    • 2-second block finality
    • Dual-layer infrastructure for scalability and security
    • Low energy requirements with smartphone mining support

    Mining with Just a Phone: Nova App Launch Incoming

    Bitcoin Solaris is not just for developers and enterprises — it’s for everyone. The upcoming Nova App enables mobile mining that rewards users with BTC-S tokens daily for participation and uptime.

    With the Nova App:

    • No specialized hardware is needed
    • No staking or token lockups
    • Daily rewards based on activity and uptime
    • Designed for global mobile-first users

    The Nova App democratizes mining, turning any smartphone into a tool for earning crypto.

    Tokenomics: Fixed Supply, Built-In Scarcity

    Bitcoin Solaris mirrors proven deflationary token models with:

    • A hard cap of 21 million BTC-S
    • Halving-based emission schedule
    • Zero inflation or centralized supply manipulation

    Currently in Presale Phase 3, BTC-S tokens are available at 3 USDT. Only 4.2 million tokens (20%) are allocated to presale participants. Phase 4 will increase the token price to 4 USDT, ahead of the public mobile mining launch.

    Independently Audited and Verified

    To build trust with early adopters and institutional partners, Bitcoin Solaris has undergone:

    • Cyberscope Audit
    • Freshcoins Audit
    • Full KYC Verification

    These steps ensure transparency, technical soundness, and operational integrity.

    The Road Ahead

    Bitcoin Solaris is built for real-world scale — supporting smart contracts, enabling mobile mining, and delivering the transaction speeds needed for decentralized applications to thrive. With Helios Consensus and the Nova App, it offers a blockchain that’s fast, fair, and open to all.

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

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

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

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

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b093644a-d11a-4f89-bf2b-3b225ab00e04
    https://www.globenewswire.com/NewsRoom/AttachmentNg/25a6df8e-4f34-4b53-a442-16fe293ed0ab
    https://www.globenewswire.com/NewsRoom/AttachmentNg/089570b6-dc97-4d36-be16-dca2e03818d5

    The MIL Network –

  • MIL-OSI Russia: A Center for Training Personnel for the IT Industry will be Created at the HSE

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The Russian Ministry of Digital Development, Communications and Mass Media, together with the Analytical Center under the Government of the Russian Federation, have summed up the results of the competitive selection of universities to receive grants for the launch of advanced IT education. 50 universities submitted applications for the competition, and 26 winners from 13 regions have been determined, including the Higher School of Economics.

    With grant funds, universities will launch flagship higher education programs that will provide the labor market with highly qualified IT specialists. By 2029, within the framework of the national project “Data Economy and Digital Transformation of the State”, it is planned to train at least 3.5 thousand advanced IT developers.

    The project will be implemented on the basis of Faculty of Computer Science HSE University together with industrial partners from among leading IT companies. The University will create a Center for training personnel for the IT industry, which will be headed by the academic director of the EP “Software engineering» Nikolay Pavlochev. The center is designed to become a flagship in the field of modern engineering education, combining the best academic practices, active participation of the industry and the use of advanced technologies. It will focus on updating existing educational programs and launching new training areas focused on the current challenges of the digital economy.

    Key areas include systems programming, data analysis, game development, cybersecurity, scientific software, and product management. The curriculum will be strengthened both from the fundamental side (mathematics, algorithms, software architecture) and from the applied side – through modules developed jointly with industrial partners.

    Particular attention is planned to be paid to the integration of AI technologies into the educational process – from intelligent assistants for students to systems for analyzing educational trajectories. The project will also include active development of project activities, expansion of the internship network, support for teaching staff, and development of international mobility.

    The main condition for participation of universities in the competition of the Ministry of Digital Development of the Russian Federation was cooperation with companies for training students and attracting co-financing in the amount of at least 30% of the grant amount, and the application of the National Research University Higher School of Economics to create the center fully met this requirement.

    “Our center will work in close cooperation with leading technology companies, research institutes and industry experts. Our partners are 1C and Yandex, which will contribute not only in the form of financial support. They will participate in the development of training modules, teaching, organizing practical training for students, developing digital infrastructure, and this format of interaction is familiar to our faculty,” said Ivan Arzhantsev, Dean of the HSE Faculty of Computer Science.

    “The creation of the IT Training Center at the Higher School of Economics is not just the launch of a new structure, but also a systemic step towards updating approaches to IT education. The initiative of the Russian Ministry of Digital Development is important not only for our university, but also for the industry and the country as a whole. Specialists will be trained who can immediately join real projects, form a culture of engineering thinking and lay the foundation for technological leadership,” said HSE Vice-Rector Elena Odoevskaya.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Europe: EU Fact Sheets – Multiannual financial framework – 12-05-2025

    Source: European Parliament 2

    There have been six multiannual financial frameworks (MFFs) to date, including 2021-2027. The Treaty of Lisbon transformed the MFF from an interinstitutional agreement into a regulation. Established for a period of at least five years, an MFF is there to ensure that the EU’s expenditure develops in an orderly manner and within the limits of its own resources. It sets out provisions with which the annual budget of the EU must comply. The MFF Regulation sets expenditure ceilings for broad categories of spending called headings. After its initial proposals of 2 May 2018 and in the wake of the COVID-19 outbreak, on 27 May 2020 the Commission proposed a recovery plan (NextGenerationEU) that included revised proposals for the MFF 2021-2027 and own resources, and the setting up of a recovery instrument worth EUR 750 billion (in 2018 prices). The package was adopted on 16 December 2020 following interinstitutional negotiations. In the light of new developments, the MFF was revised in December 2022 and then again more substantially in February 2024.

    MIL OSI Europe News –

  • MIL-OSI Europe: Last Month in the Field – April 2025

    Source: Frontex

    In April 2025, Frontex, the European Border and Coast Guard Agency, demonstrated its broad commitment to keeping Europe’s borders secure through a range of impactful operations and collaborations. From cracking down on smugglers in Eastern Europe to saving lives at sea in the Mediterranean, and from embracing new border technologies to strengthening partnerships across the continent, the month showcased Frontex’s dedication to a safer and more cooperative Europe. The following highlights recap how Frontex and national authorities worked hand-in-hand over the past month, underscoring a professional and proactive approach to European border management. 

    Bulgarian authorities and Frontex scored a victory against cross-border crime this month by stopping a haul of counterfeit goods at the Lesovo border crossing with Turkey. In a joint operation, the Bulgarian Border Police and Customs officers, supported by Frontex Standing Corps officers, intercepted two vehicles loaded with fake designer clothing and footwear. More than 1,400 garments and 900 pairs of shoes bearing logos of famous brands were seized – items that would have been worth an estimated €70,000 on the black market had they slipped through. Some illicit products even carried price tags up to €600 for a single T-shirt, a sign of how convincing the fakes appeared. 

    This success at the EU’s external border was a direct result of vigilant cooperation. As one Frontex officer put it, “It is not easy to tell a fake from an original when it comes to counterfeit goods. But working together with professionals every day, we have become a serious obstacle for smugglers.” The operation highlighted the excellent partnership between Frontex and the Bulgarian authorities in protecting EU consumers and legitimate businesses. The Frontex officer’s praise for his Bulgarian colleagues underscores the fruitful cooperation on the ground. The confiscated counterfeit items will now be used as evidence, preventing them from entering EU markets, while the perpetrators face legal consequences. This case sends a clear message: through close collaboration, border agencies are effectively shutting down smuggling routes for fake goods. 

    Another major enforcement success in April took place on the Romania–Ukraine border, where a joint team from the Romanian Border Police, Romanian Customs, and Frontex thwarted a large-scale cigarette smuggling attempt. In under an hour, officers apprehended two individuals attempting to illegally bring over 2.6 million cigarettes into the EU. The smugglers had gone to great lengths to hide their contraband, using some truly creative compartments to try to evade detection. The team’s discovery was all the more impressive given the inventive hiding places employed, including: 

    Thanks to the sharp eyes and expertise of the border guards, these concealments were uncovered before the illicit cargo could move further into Europe. The Frontex officer supporting the operation – known among colleagues as a veteran in fighting smuggling – played a key role in detecting the contraband. Romanian officials and Frontex supervisors alike praised the operation’s success. One colleague lauded the involved officer as “a true professional with a special and inexhaustible flair for detecting cross-border crime.” This compliment underscores the high level of skill present in such joint teams. The “hats off” accolades went to all Romanian and Frontex personnel involved, highlighting how teamwork and shared intelligence can foil even the most elaborate smuggling schemes. The seizure of 2.6 million cigarettes not only represents a financial blow to organised crime but also protects EU markets and taxpayers from the illegal tobacco trade. It stands as yet another example of effective Frontex support at EU borders, keeping illicit goods out of circulation. 

    As warmer spring weather set in, April saw a surge in irregular migration across the Central Mediterranean, testing the readiness and solidarity of EU border forces. Within just a few days, over 1,100 migrants had arrived on Italian shores, many taking to the sea in flimsy boats launched from North Africa. This sudden influx – more than one thousand people in a 72-hour span – put considerable strain on Italy’s reception facilities and underscored the ongoing challenges in this maritime corridor. In response, Frontex and several EU Member States mobilised swiftly to ensure lives were protected and borders monitored. 

    European solidarity was on full display during these rescues. Danish and Lithuanian patrol boats deployed under Frontex’s coordination helped the Italian authorities save nearly 400 people from five small, unseaworthy vessels in the central Mediterranean. Operating under Italy’s lead, the crews from Denmark and Lithuania worked tirelessly to transfer men, women, and children from overcrowded, unsafe boats to the relative safety of EU vessels. At the same time, Frontex aerial surveillance teams intensified patrol flights over the sea. Frontex aircraft spotted multiple migrant boats in distress from the air, relaying precise coordinates to rescue units. This early detection enabled timely life-saving interventions by the Italian Coast Guard and other assets, preventing potential tragedies at sea. 

    Over the course of three days, dozens of rescue operations were carried out by a combination of national and Frontex-deployed resources. Such joint efforts demonstrate the value of a truly integrated European approach: Member States lending support to one another via Frontex when migratory pressure spikes in a particular region. The Executive Director of Frontex noted that every person saved is a testament to the collective commitment of the EU to protect lives. While the Central Mediterranean route remains difficult and dangerous, April’s experience showed how coordinated action can meet these challenges. By pooling vessels, aircraft, and expertise from across Europe, Frontex and its partners helped ensure that a surge in crossings did not turn into a humanitarian disaster. The Agency continues to work closely with Italy and other front-line states, not only to manage irregular migration flows but also to go after the criminal networks exploiting vulnerable migrants. Saving lives at sea remains at the core of Frontex’s mission, alongside securing the EU’s external borders. 

    In April, Frontex achieved a significant milestone in enhancing border security technology and cooperation. Thanks to a new agreement with Cyprus, Frontex officers now have direct access to Cyprus’s national border database at crossing points. This development means that Frontex personnel deployed in support of Cypriot authorities can instantly check traveler information and other border data just as national officers do. The immediate benefits of this integration are clear, leading to: 

    • Faster, more secure screening at airports and other entry points, reducing wait times for travelers while enhancing security through better information sharing. 

    By plugging into Cyprus’s databases, Frontex can help close information gaps and streamline operations on the ground. This is one of the first practical outcomes of a broader initiative to improve data-driven border management. Importantly, preparations are underway for the full rollout of Frontex’s access to the Schengen Information System (SIS) – Europe’s largest security database – which will take cooperation to the next level in the near future. Gaining SIS access will enable Frontex officers to spot persons or objects of interest (such as stolen documents or wanted individuals) across all of Europe’s borders in real time, greatly amplifying their effectiveness. 

    This deepening tech integration with Member States exemplifies Frontex’s push for “smart borders.” It shows how investing in modern IT solutions can make border control both faster and more secure, without compromising on thoroughness. Cypriot authorities have welcomed Frontex’s connectivity to their systems, noting that it serves as a force multiplier for national border guards. Together, Frontex and Cyprus are building a border management approach that is fast, fair, and future-ready – one that leverages the best of technology and teamwork to protect the EU’s external frontiers. 

    This month marked two years since the launch of the joint operation between Frontex and North Macedonia, a partnership that has significantly bolstered border security in the Western Balkans. In April 2023, North Macedonia became the first Western Balkan country to host Frontex border teams under a special status agreement, and two years on, the results of this cooperation are evident and worth celebrating. Frontex Standing Corps officers have been working side by side with North Macedonian Border Police along the country’s borders, sharing expertise and helping to manage migratory movements and security threats in the region. Together, over the past 24 months, they have achieved several important milestones in border management, including: 

    • Joint patrols conducted along North Macedonia’s borders with neighbouring countries, enhancing surveillance and the ability to intercept irregular crossings or illicit activities. These mixed teams have increased the visibility and reach of border control, acting as a deterrent to smugglers and traffickers. 

    • Delivery of modern equipment and technical assets to North Macedonia’s authorities. Frontex has provided patrol vehicles, document inspection devices, and other specialist tools to strengthen the country’s border infrastructure. This upgraded equipment means local border guards are better equipped to spot fake documents, hidden contraband, or unauthorised entries. 

    • Stronger overall border protection for North Macedonia and Europe. By reinforcing a key section of the Balkan migration route, the cooperation has contributed to greater security for the entire EU external border. It has helped manage migration flows more effectively and cracked down on cross-border crime, from migrant smuggling to contraband trafficking, benefitting all Europeans. 

    Frontex and North Macedonia’s officials commemorated the two-year anniversary by reflecting on these successes and looking ahead to continued collaboration. The presence of European border guards in North Macedonia underscores the EU’s commitment to working with its neighbours to tackle shared challenges. It also provides invaluable experience to all the officers involved, creating a spirit of camaraderie and mutual understanding. According to Frontex’s leadership, this partnership is a model of EU–Western Balkans cooperation, showing how aligning procedures and sharing resources can lead to concrete improvements in security and border management. As the operation enters its third year, Frontex plans to maintain its support, including further training for North Macedonia’s officers and ongoing joint patrols, thereby maintaining the positive momentum. The past two years have laid a solid foundation for even closer ties and a more secure region in the future. 

    Frontex’s activities in April were not limited to field operations – they also extended to strategic dialogue at the highest levels. A noteworthy event took place at the Frontex Operational Headquarters in Piraeus, Greece, where Commander Georgios Pyliaros (the Frontex Field Commander in Greece) hosted a high-level meeting with Admiral José António Vizinha Mirones, the Commander of the Portuguese Maritime Police. Admiral Mirones visited the Piraeus headquarters as part of a Joint Coordination Board discussion, focusing on the current operational situation and challenges in the Eastern Mediterranean, particularly regarding migration flows affecting Greece and Cyprus. 

    During this visit, both leaders exchanged insights on maritime border security and reinforced their commitment to close cooperation. Commander Pyliaros expressed, on behalf of Frontex’s chain of command, sincere appreciation for Portugal’s continued contribution to Frontex-led operations. He highlighted the professionalism and dedication displayed by the Portuguese crews operating coastal patrol vessels in Greek waters. These Portuguese Maritime Police teams, deployed under Frontex, have been instrumental in joint patrols and search-and-rescue missions in the Aegean Sea, and their exemplary performance and seamless integration with Frontex units have not gone unnoticed. Admiral Mirones, for his part, conveyed gratitude for the opportunity to visit and engage with Frontex’s Greece office. He commended the collective effort being made to safeguard Europe’s maritime borders and stressed the importance of ongoing collaboration. Both officials agreed that maintaining strong partnerships – such as the one between Frontex and Portugal – is crucial in addressing migration and security challenges at sea. 

    The meeting concluded on a highly positive note, symbolising the unity of purpose among European border and coast guard services. In a ceremonial gesture, commemorative coins were exchanged between Frontex and the Portuguese Maritime Police, underscoring mutual respect and teamwork. This high-level maritime dialogue not only strengthened bilateral ties but also provided strategic guidance for field operations. With Portugal’s vessels and crews continuing to serve in Frontex missions, such coordination ensures that everyone is rowing in the same direction. The result is a more effective response to irregular migration by sea and a safer maritime environment for all. These talks in April set the stage for even more synchronised efforts in the months to come, reaffirming that European partners stand stronger together in protecting the EU’s external borders. 

    Frontex also invested in long-term security capacity this month by focusing on the fight against illicit firearms. Firearms trafficking is a growing threat to EU internal security, especially in times of war and instability when weapons can more easily find their way onto the black market. In April, within the framework of the EU’s EMPACT initiative (European Multidisciplinary Platform Against Criminal Threats), Frontex led a specialised training programme in Poland aimed at sharpening the skills of border guards in intercepting illegal arms. The training was hosted at the Polish Border Guard Academy in Kętrzyn – a centre known for advanced law enforcement training – and brought together officers from 10 EU Member States. These participants, all of them frontline border or customs officers, underwent intensive instruction on how to better detect and stop the smuggling of firearms at EU borders. 

    Over the course of the training, the multinational group of officers learned about concealment methods and detection techniques for firearms. Experts shared real-case examples of smugglers attempting to hide weapons and ammunition in vehicles, cargo, or personal luggage, highlighting red flags to watch for. The trainees practiced using x-ray scanners, metal detectors, and other tools to identify weapons hidden in creative ways. They also exchanged intelligence on smuggling routes and the latest trends in gun trafficking, recognising that traffickers are constantly adapting their methods. By simulating realistic scenarios, the course enabled officers to hone their decision-making under pressure – for instance, when discovering a hidden handgun during a routine vehicle inspection at a border crossing. The overarching goal was to equip frontline officers with the knowledge, tools, and confidence to intercept firearms before those weapons can reach our streets and communities. 

    This EMPACT-supported training in Poland is part of a broader EU effort to cut off the supply of illegal firearms that can fuel organised crime or even terrorism. By investing in people and skills, Frontex and its partners are strengthening a critical line of defence against gun trafficking. The officers who completed the course in Kętrzyn will take their enhanced expertise back to their home countries – from Scandinavia to Southern Europe – multiplying the impact. They form a network of trained specialists who can also share best practices with colleagues, thus raising overall capacity across the EU. Frontex officials highlighted that such cooperative training not only improves technical know-how but also builds trust and communication channels among European border agencies. Ultimately, this means better coordinated operations and information-sharing when it comes to stopping dangerous weapons from crossing into the EU. The training concluded with participants and instructors affirming their commitment to stay one step ahead of firearms traffickers. As new security challenges emerge, continuous professional development like this ensures that Europe’s border guards remain vigilant and prepared. 

    April 2025 showcased the full spectrum of Frontex’s mission – from frontline enforcement and lifesaving rescues to technological advancement and international partnership. As Europe’s external border challenges continue to evolve with the changing seasons and geopolitical context, Frontex is moving ahead with resolve. The Agency is leveraging the momentum from April’s successes to further strengthen cooperation, whether by expanding joint operations in partner countries or by welcoming more contributions from Member States. It is accelerating the adoption of modern technology and information systems to give border guards an edge in both speed and accuracy. Equally, Frontex remains committed to investing in its people – through training, leadership development, and a culture of shared expertise – recognising that a well-prepared human element is key to any high-tech solution. In the coming months, Frontex will continue to stand shoulder-to-shoulder with EU countries at their borders, upholding European values of security and solidarity. By building on the foundations laid in April, the European Border and Coast Guard will be even better equipped to tackle whatever challenges the future holds – protecting the EU’s borders and the people who depend on them, with professionalism, compassion, and unity. 

    MIL OSI Europe News –

  • MIL-OSI: High Arctic Announces 2025 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

    CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its first quarter 2025 financial and operating results. The unaudited condensed interim consolidated financial statements, and the management discussion & analysis (“MD&A”), for the quarter ended March 31, 2025 will be available on SEDAR+ at www.sedarplus.ca, and on High Arctic’s website at www.haes.ca. All amounts are denominated in thousands of Canadian dollars (“CAD”), unless otherwise indicated.

    Mike Maguire, Interim Chief Executive Officer commented:

    “Our business has had a solid start to 2025, despite some pull back in well completion rates in Canada resulting from market uncertainty and customer consolidation events.

    Our investment in and amalgamation of Delta Rental Services continues to deliver financial performance in line with our pre-transaction expectations and we anticipate consistent results through the coming months with significant upside potential as gas well completion rates increase in anticipation of first gas through the Coastal GasLink pipeline.

    Decisive action by the management of Team Snubbing in Alaska has set a platform for improved value creation from our 42% holding of Team Snubbing. 

    High Arctic is well positioned to benefit from upstream energy service activity levels in the western Canadian oil and gas industry.”

    In the following discussion, the three months ended March 31, 2025 may be referred to as the “quarter” or “Q1 2025” and the comparative three months ended March 31, 2024 may be referred to as “Q1 2024”. References to other quarters may be presented as “QX 20XX” with X/XX being the quarter/year to which the commentary relates.

    2025 FIRST QUARTER HIGHLIGHTS

    • Revenue from continuing operations of $2,335, a decrease of 22% compared to Q1 2024.
    • Achieved an increase in oilfield services operating margin percentage for Q1 2025 of 53.1% compared to 49.4% in Q1 2024.
    • Realized adjusted EBITDA from continuing operations of $504 in the quarter, 22% of revenue.
    • Maintained operational excellence and safety, as evidenced by the continuation of recordable incident-free work.
    • Achieved expected reductions in general and administrative expenses, a reduction of 59% compared to Q1 2024.
    • Equity investment in Team Snubbing is essentially unchanged at $7.4 million as at March 31, 2025. Unaudited Team Snubbing financial results delivered a modest positive net income inclusion for the quarter, with key highlights being a sequential improvement in Alaskan results, and reduced debt.
    • Exited Q1 with positive working capital of $3,199, including cash of $3,183.

    2025 Strategic Objectives
    With the corporate restructuring and spinoff of the PNG business complete, the Corporation’s 2025 strategic objectives include:

    • Relentless focus on safety excellence and quality service delivery;
    • Grow the core businesses through selective and opportunistic investments;
    • Actively manage direct operating costs and general and administrative costs;
    • Steward capital to preserve balance sheet strength and financial flexibility; and
    • Execute on accretive acquisitions in Canada to drive shareholder value and optimize available tax loss carry-forwards.

    RESULTS OVERVIEW

    The following is a summary of select financial information of the Corporation:

        Three months ended March 31,  
    (thousands of Canadian Dollars, except per share amounts)     2025   2024  
    Operating results from continuing operations:        
    Revenue – continuing operations     2,335   2,988  
    Net income (loss) – continuing operations     (120 ) 182  
    Per share (basic & diluted) (1)     (0.01 ) 0.01  
    Oilfield services operating margin – continuing operations (2)     1,187   1,431  
    Oilfield services operating margin as a % of revenue (2)     53.1 % 49.4 %
    EBITDA – continuing operations (2)     459   232  
    Per share (basic & diluted) (1) (4)     0.04   0.02  
    Adjusted EBITDA – continuing operations (2)     504   92  
    Per share (basic & diluted) (1) (4)     0.04   0.01  
    Operating loss – continuing operations (2)     (128 ) (1,070 )
    Per share (basic & diluted) (1) (4)     (0.01 ) (0.09 )
    Cash flow from continuing operations:        
    Cash flow from continuing operating activities     31   271  
    Per share (basic & diluted) (1) (4)     0.00   0.02  
    Funds flow from continuing operating activities (2)     495   197  
    Per share (basic & diluted) (1) (4)     0.04   0.02  
    Capital expenditures – continuing operations     382   308  
              As at  
    (thousands of Canadian Dollars, except per share amounts and
    common shares outstanding)    		     Mar 31, 2025   Dec 31, 2024  
    Financial position:        
    Working capital (2)     3,199   2,692  
    Cash and cash equivalents     3,183   3,123  
    Total assets     29,989   30,867  
    Long-term debt (non-current)     3,134   3,178  
    Shareholders’ equity     21,315   21,105  
    Per share (5)     1.68   1.70  
    Common shares outstanding (3)     12,696,959   12,448,166  

    (1)  The weighted average number of common shares used in calculating both basic and diluted net income (loss) per share, EBITDA (Earnings before interest, tax, depreciation and amortization) per share, Adjusted EBITDA per share, operating income (loss) per share, cash flow from operating activities per share, funds flow from operating activities per share, and shareholders’ equity per share is detailed in Note 13 of the Financial Statements.
    (2)  Readers are cautioned that oilfield services operating margin, EBITDA (earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, operating income (loss), funds flow from operating activities and working capital do not have standardized meanings prescribed by IFRS. See “Non-IFRS Measures” for additional details on the calculations of these measures.
    (3)  Pursuant to the de facto four-to-one consolidation of the Corporation’s outstanding common shares effective August 12, 2024, the number of common shares outstanding and all per-share amounts have been retroactively adjusted to effect the stock consolidation.
    (4)  The number of weighted average common shares used in per share basic calculations for the three months ended March 31, 2025, was 12,522,804 (13,023,166 diluted per share) and for the three months ended March 31, 2024, was 12,280,576 (12,624,412 diluted per share).
    (5)   Shareholders’ equity per share calculated based on common shares outstanding as at the relevant date.


    First Quarter 2025 Summary

    • Revenue from continuing operations for Q1 2025 was $2,335 compared to $2,988 in Q1 2024.
      • Revenue was negatively impacted by softening demand driven primarily by deferral of some completions activity as customers have taken a cautious approach to the timing of the deployment of their 2025 capital budgets given the recent general economic uncertainty due to ongoing geopolitical events.
    • Oilfield services operating margin from continuing operations was $1,187 in the current year quarter compared to $1,431 in the prior year quarter.
      • Operating margin percentage improved to 53.1% for Q1 2025 compared to 49.4% for Q1 2024 benefiting from a reduction in lower margin third-party rentals in the current year quarter which offset in part, the reduction in revenue.
    • Adjusted EBITDA from continuing operations was $504 in the current year quarter compared to $92 in the prior year quarter. EBITDA from continuing operations benefitted from the improvement in gross margin percentage combined with a significant reduction in general and administrative expenses.
    • Operating loss from continuing operations of $128 for Q1 2025 compared to $1,070 in Q1 2024. The decrease in operating loss is attributable to significantly reduced general and administrative expense. Prior year quarter general and administrative expenses were impacted by elevated corporate and professional fees related to the Arrangement and integration costs related to the acquisition of Delta.
    • Net loss from continuing operations was $120 in Q1 2025 compared to net income from continuing operations of $182 in Q1 2024. Net loss from continuing operations was also impacted by the same items impacting operating loss, as above, combined with reduced interest income, net higher non-cash accretion expense and reduced income from equity accounted investments.

    Operating Results

    Rental services segment

        Three months ended March 31,  
    (thousands of Canadian Dollars, unless otherwise noted)     2025   2024  
    Revenue     2,237   2,894  
    Expenses     (1,050 ) (1,463 )
    Oilfield services operating margin (1)     1,187   1,431  
    Oilfield services operating margin (%) (1)     53.1 % 49.4 %

    (1)   See “Non-IFRS Measures”


    Liquidity and Capital Resources

        Three months ended Mar 31,  
    (thousands of Canadian Dollars)     2025   2024  
    Cash provided by (used in) continuing operations:        
    Operating activities     31   271  
    Investing activities     164   (308 )
    Financing activities     (135 ) (131 )
    Effect of exchange rate changes on cash     –   665  
    Increase in cash from continuing operations     60   497  
    (thousands of Canadian Dollars, unless otherwise noted)     As at
    Mar 31, 2025    		   As at
    Dec 31, 2024    		  
    Current assets     6,717   7,221  
    Working capital (1)     3,199   2,692  
    Working capital ratio (1)     1.9:1   1.6:1  
    Cash and cash equivalents     3,183   3,123  

    (1)   See “Non-IFRS Measures”


    Operating activities

    In Q1 2025, cash from operating activities from continuing operations was $31 compared to $271 for Q1 2024. Funds flow from operating activities from continuing operations totaled $495 in the quarter compared to $197 in the prior year comparative quarter (see “Non-IFRS Measures”). In Q1 2025, changes in non-cash operating working capital from continuing operations totaled an outflow of $464 compared to an inflow of $74 in Q1 2024.

    Changes in cash from operating activities from continuing operations and funds from operating activities from continuing operations for Q1 2025 compared to Q1 2024, were largely the result of reduced general and administrative expenses combined with the impact of changes in non-cash working capital (as noted above).

    Investing activities

    During the first quarter, the Corporation’s net cash from investing activities from continuing operations totaled $164 compared to a usage of $308 in the prior year comparative quarter. The change in cash flows from investing activities from continuing operations is due to payments received related to notes receivable and the settlement of a portion of the contingent consideration payable utilizing common shares of the Corporation, resulting in a positive non-cash working capital change, both of which more than offset Q1 2025 property and equipment expenditures of $382. Investing cash outflows of $308 in the prior year quarter consisted solely of the purchase of property and equipment.

    Financing activities

    During the first quarter, the Corporation’s net cash used in financing activities from continuing operations of $135 was comparable to $131 in the prior year comparative quarter. Financing related cash flows relate to the normal course payments on the Corporation’s lease liabilities and long-term debt.

    Working capital

    As at March 31, 2025, the Corporation’s working capital balance was $3,199 compared to $2,692 as at December 31, 2024. The increase in working capital is largely due to positive EBITDA generated during Q1 2025 combined with a portion of the year one contingent consideration associated with the acquisition of Delta being settled in common shares during the first quarter.

    Long-term debt

    (thousands of Canadian Dollars)     As at
    Mar 31, 2025    		   As at
    Dec 31, 2024    		  
    Current     175   175  
    Non-current     3,134   3,178  
    Total     3,309   3,353  

    The Corporation has mortgage financing secured by lands and buildings owned by High Arctic located within Alberta, Canada. The mortgage has a remaining initial term of under two years with a fixed interest rate of 4.30%; payments occur monthly. The mortgage financing contains certain non-financial covenants requiring the lender’s consent, including changes to the underlying business. As at March 31, 2025, the Corporation was compliant with all covenants associated with the mortgage financing.

    Outlook

    The first quarter of 2025 has provided High Arctic with a solid start to the year. General and administrative expenses have taken a step change downward resulting in a reduced run rate. The significant and strategic importance of the equity investment in Team Snubbing has been reinforced through enhanced Board of Director and management oversight. The late 2023 acquisition of Delta Rental Services Ltd. (“Delta”) is fully integrated into High Arctic’s rental services business, positively contributing to improved profit margins. Rental services revenue, while at the lower end of expectations, led to capital preservation through modest growth in new equipment additions and insight as to the outlook for the remainder of 2025.

    High Arctic’s business is driven by the underlying economics associated with its customers’ cash flows. These cash flows are driven by their oil and natural gas commodity price hedging and expectations. As customers embark on drilling new oil and natural gas wells, High Arctic’s business outlook is reliant on decisions on the subsequent activity to complete these wells for production. Therefore, High Arctic’s rental assets and investment in the snubbing industry are highly dependent on fundamentals associated with both drilling and hydraulic fracturing completion trends in the WCSB.

    To this point, 2024/25 winter drilling rig activity in the WCSB has been resilient despite softening commodity price trends. As the industry enters the seasonal second quarter spring breakup period, activity remains comparable to 2024 levels. However, customer capital allocation decisions to complete wells are showing signs of deferral. Recent OPEC moves to increase oil supply, changes in global trade tariffs, and geopolitical risk have increased investment uncertainty.

    This uncertainty is offset by positive developments specific to Canada. The completion of the Trans Mountain pipeline system expansion in 2024, and expectations for west coast LNG exports commencing in the second half of 2025, are positive infrastructure developments supporting improved long-term fundamentals for the upstream energy service business.

    Based on these near-term headwinds and favourable long-term fundamentals, High Arctic will continue to prudently preserve capital while working with our customers to deliver service efficiency and productivity.

    The outlook for 2025 is dependent on the financial performance of High Arctic’s investment in Team Snubbing. High Arctic is carrying total assets of $9.8 million related to its investment in Team Snubbing, comprised of a $7.4 million equity investment and a $2.4 million note receivable. Success will be defined by Team Snubbing’s ability to establish profitability in their international operations.

    In summary, for 2025 the Corporation expects to continue to execute on the initial phases of its strategic objectives, with progress to date being evidenced by safety performance, balance sheet preservation, general and administrative expense reductions, selective capital expenditure investments, and oversight of equity investments.

    Non-IFRS Measures
    This Press Release contains references to certain financial measures that do not have a standardized meaning prescribed by IFRS and may not be comparable to the same or similar measures used by other companies. High Arctic uses these financial measures to assess performance and believes these measures provide useful supplemental information to shareholders and investors. These financial measures are computed on a consistent basis for each reporting period and include EBITDA (Earnings before interest, tax, depreciation and amortization), Adjusted EBITDA, oilfield services operating margin, operating income (loss), Funds flow from operating activities and working capital. These do not have standardized meanings.

    These financial measures should not be considered as an alternative to, or more meaningful than, net income (loss), cash from operating activities, current assets or current liabilities, cash and/or other measures of financial performance as determined in accordance with IFRS.

    For additional information regarding non-IFRS measures, including their use to management and investors and reconciliations to measures recognized by IFRS, please refer to the Corporation’s MD&A, which is available online at www.sedar.com and through High Arctic’s website at www.haes.ca.   

    Forward-Looking Statements
    This Press Release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation’s actual results, performance, or achievements to vary from those described in this Press Release.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this Press Release include, among others, statements pertaining to the following: general economic and business conditions, which will include, among other things, the outlook for the energy industry inclusive of commodity prices, producer activity levels (inclusive of drilling and completions activity) and general energy supply and demand fundamentals that may impact the energy industry as a whole and more specifically as it relates to the Corporation’s customers in western Canada and Alaska, United States; expectations related to current and future LNG export projects; the impact (if any) of geo-political events, changes in government, changes to tariffs or related trade policies and the potential impact on the Corporation’s ability to execute its 2025 strategic objectives; fluctuations in commodity prices; and the performance of the Corporation’s investment in Team Snubbing.

    With respect to forward-looking statements contained in this Press Release, the Corporation has made assumptions regarding, among other things, its ability to: maintain its ongoing relationship with major customers; successfully market its services to current and new customers; devise methods for, and achieve its primary objectives; source and obtain equipment from suppliers; successfully manage, operate, and thrive in an environment which is facing uncertainty; remain competitive in all its operations; attract and retain skilled employees; obtain equity and debt financing on satisfactory terms and manage its liquidity risk; raise capital and manage its debt finance agreements; manage general and administrative costs; maintain a strong balance sheet and related financial flexibility; scale the Canadian business; and seek and execute accretive acquisitions in a timely manner and achieve operational and financial benefits therefrom.

    Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: economic and financial conditions, including volatility in commodity prices; volatility in interest and exchange rates and capital markets; the level of demand and financial performance of the energy industry; changes in customer demand; and developments and changes in laws and regulations, including in the energy industry.

    The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this Press Release, along with the risk factors set out in the most recent AIF filed on SEDAR+ at www.sedarplus.ca.

    The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.

    About High Arctic Energy Services
    High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment ‎on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta‎.

    For further information contact:

    Lonn Bate
    Chief Financial Officer 
    P: 587-318-2218
    P: +1 (800) 688 7143 

    High Arctic Energy Services Inc.
    Suite 2350, 330 – 5th Ave SW
    Calgary, Alberta, Canada T2P 0L4
    website: www.haes.ca
    Email: info@haes.ca

    The MIL Network –

  • MIL-OSI: Qifu Technology to Hold Annual General Meeting on June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, May 13, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced that it will hold an annual general meeting of shareholders (the “AGM”) at 10:00 a.m. on June 30, 2025 (Beijing time) at the address of 13/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, People’s Republic of China for the purposes of considering and, if thought fit, (i) changing the Company’s English name from “Qifu Technology, Inc.” to “Qfin Holdings, Inc.”; (ii) adopting an amended and restated memorandum and articles of association of the Company; (iii) re-appointing Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix their remuneration for the year ending December 31, 2025; and (iv) re-electing Mr. Xiangge Liu as a director of the Company at this annual general meeting and retain office until his retirement pursuant to the Company’s memorandum and articles of association.

    The board of Directors of the Company has fixed the close of business on May 27, 2025, Hong Kong time, as the record date (the “Shares Record Date”) of the Company’s Class A ordinary shares with a par value of US$0.00001 each (the “Class A Ordinary Shares”). Holders of record of the Class A Ordinary Shares as of the Shares Record Date are entitled to attend and vote at the AGM and any adjourned meeting thereof.

    Holders of record of the Company’s American Depositary Shares (the “ADSs”) as of the close of business on May 27, 2025, New York time, who wish to exercise their voting rights for the underlying Class A Ordinary Shares represented by their ADSs must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, if the ADSs are held by holders on the books and records of the Depositary or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders.

    The notice of the AGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting, is available on the Company’s website at: https://ir.qifu.tech.  

    About Qifu Technology

    Qifu Technology is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: https://ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology
    E-mail: ir@360shuke.com

    The MIL Network –

  • MIL-OSI United Kingdom: UK Government Overseas Network to Sell Scotland Around the World

    Source: United Kingdom – Government Statements

    News story

    UK Government Overseas Network to Sell Scotland Around the World

    Scottish Secretary drives forward Brand Scotland with new campaign fund.

    The UK Government’s drive to sell Brand Scotland around the world will get a boost with the launch of a new fund for overseas campaigns. 

    The Scottish Secretary, Ian Murray, is offering the UK’s international network grants of up to £20,000 for innovative and creative activities to market Scotland overseas. 

    One of Ian Murray’s priorities at the Scotland Office is Brand Scotland – promoting Scottish goods and services overseas and encouraging inward investment in Scotland. This is a key part of the UK Government’s Plan for Change.

    The US and India free trade agreements signed last week show just how popular Scottish products are overseas. The India deal slashed tariffs for Scotch – great news for our whisky producers who want to expand their overseas markets.

    This new fund will complement an extensive programme of overseas visits planned for Scotland Office ministers over the year, following on from Ian Murray’s recent successful trips to Norway, Malaysia, Singapore, Washington and New York.

    Scottish Secretary Ian Murray said:

    “Brand Scotland is a fantastic opportunity to promote all that is great about Scotland around the world, and show investors the opportunities of Scotland. Through the Foreign, Development and Commonwealth Office, the UK has an extensive overseas network, which works day in day out to promote our country. This exciting new fund will boost the overseas network’s ability to promote Scotland and all it has to offer in many key markets. Brand Scotland is a key part of the UK Government’s Plan for Change, to boost growth and put more money in people’s pockets.”

    Foreign Secretary David Lammy said:

    “The UK-India free trade deal slashing whisky export tariffs is a prime example of how the UK Government is unlocking growth opportunities to deliver for people in every corner of the country, as part of our Plan for Change.

    “The Foreign, Commonwealth & Development Office is looking forward to showcasing Brand Scotland around the world as part of our mission to turbo charge the economy and put more money back in people’s pockets.

    “Kickstarting economic growth is in this government’s DNA so my diplomats will be working tirelessly to shout about everything Scotland has to offer, not least its world-beating food and drink.”

    Brand Scotland leverages Scotland’s unique cultural assets and the UK’s soft power. The UK Government’s overseas network will have the opportunity to bid for funds. Projects will support Scotland-focused trade missions and trade events. We expect bids to be creative and go beyond ‘business as usual’.

    Bids will be assessed on their ability to deliver measurable outcomes and foster long-term relationships with stakeholders in host countries. Bids will be reviewed by officials from the Scotland Office, FCDO, and the Department for Business and Trade – with the Scotland Office giving final sign-off.

    Updates to this page

    Published 13 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Market Way car park taken over by council

    Source: City of Portsmouth

    Portsmouth City Council is taking over the management of Market Way car park in the city centre from 16 May 2025, bringing it more in line with other council car parks in the area and offering new payment options for people parking and visiting shops.

    This change helps achieve policies set out in the council’s Parking Strategy, and aims to support businesses in the area and strengthen the city’s economy as part of Portsmouth’s integrated transport strategy.

    While the council encourages people to visit the shops on Commercial Road by walking, cycling, taking the bus, or using park and ride, Market Way car park remains a convenient option for those who need to drive.

    Previously managed by National Car Parks (NCP), the car park will now offer cheaper hourly prices for people who need to drive and park in the city centre for short stays (less than four hours). For the first few weeks of the council operating the car park, customers will be able to pay for parking with coins or via the RingGo app, with contactless card facilities being added later in June.

    The car park will now operate on a pay-when-you-park basis, rather than the previous pay-on-exit system. As with other council-owned car parks in Portsmouth, no QR codes will be used on parking machines and disabled people with Blue Badges can park for free.

    Any previous season tickets offered by NCP will no longer be offered at this car park, but other NCP car parks in the city will remain available, and season tickets will also be available from the council. Any queries about NCP season tickets should be addressed to NCP directly at www.ncp.co.uk or by calling 0345 050 7080.

    To make sure the car park is safe and accessible, some improvements need to take place in May, including resurfacing works. The car park will remain open throughout these works, though with a reduced capacity.

    In a first for the city, new solar-powered parking machines will be installed, saving on energy costs and ensuring sustainability where possible. In the future, other sustainable transport options may be offered in the car park as travel within the city evolves, including electric vehicle charging points, rental e-scooter and e-bike docks, and parking for bicycles.

    Cllr Peter Candlish, Cabinet Member for Transport at Portsmouth City Council, said:

    “We’re pleased to take over and improve the Marketway car park, making it more like other council car parks and boosting the Portsmouth city centre economy. We’d still encourage most people to take the bus including Park & Ride, or walk or cycle whenever possible, but for those that need to drive and park, this will help get people to get to shops, businesses and attractions.”

    More information can be found at https://www.portsmouth.gov.uk/services/parking-roads-and-travel/parking/car-parks/ or by emailing parking.permits@portsmouthcc.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Call out to community groups to manage Portobello Community Centre

    Source: City of Wolverhampton

    The council owned centre on Hill Road, Willenhall, has been vacant since the previous community association left in December 2023.

    The council remains committed to exploring all options to ensure the building is retained for community use.

    Expressions of interest are being invited to either take on the centre through a community asset transfer of the building or to lease it as a community association.

    Interested parties are advised it is a big commitment to take on a community building and requires time, energy, people resources and finance. The council will therefore thoroughly assess the viability and sustainability of any proposal to ensure an organisation is able to deliver valuable services to the community.

    The centre contains a large activities hall with a 75 person capacity, large lounge, playroom, meeting room, kitchen, storage, office space, and male/female/accessible WCs.

    The deadline for expressions of interest is Saturday 31 May, 2025.

    Councillor Paula Brookfield, Cabinet Member for Governance and Equalities, said: “The council recognises and supports the contribution that the voluntary and community sector brings to the vitality and wellbeing of the city.

    “We are now able to offer Portobello Community Centre to a new community organisation, and I would urge people to come forward with their proposals or simply have a conversation with us about what is possible.

    “We have numerous examples of community asset transfers in recent times that have had a positive impact on communities, and we are supportive of the work community associations do – both routes enable new and innovative means of local service delivery that bring benefits to our communities and contribute towards the council’s aims and objectives.”

    Anyone interested in taking on the centre or finding out more information should email asset.management@wolverhampton.gov.uk

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Find out about your university options at Higher Education Fair

    Source: City of Wolverhampton

    Visitors will be able to learn more about different university courses and their entrance requirements, how to apply for courses and get information on costs, and get details of grants, bursaries and financial support available for travel and childcare.

    There will also be information about Adult Education Wolverhampton’s Level 3 Access to Higher Education courses to help people prepare for university, and specific schemes, programmes and tester events to ease the transition from Level 3 to degree studies and give prospective students the chance to experience university life first hand.

    The Higher Education Fair will take place at Adult Education Wolverhampton’s Foyer Building, Old Hall Street, on Wednesday 21 May from 10am to 1pm with representatives of universities from across the West Midlands, Staffordshire and Worcestershire on hand to speak to visitors.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Education, Skills and Work, said: “If you’ve ever wanted to go to university, but aren’t sure how you could make it happen or fear you may not have the right qualifications, please come along to Adult Education Wolverhampton’s Higher Education Fair and find out about what the region’s universities could offer you.”

    For more information, please email enquiries@aes.wolverhampton.gov.uk or call 01902 558180. 
     

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Exclusive: Brazil to Work with China to Strengthen Voice of Global South – President

    Translation. Region: Russian Federal

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

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

    RIO DE JANEIRO, May 13 (Xinhua) — Brazil is seeking to work with China to strengthen the voice of the Global South in defense of multilateralism and free trade, President Luiz Inacio Lula da Silva said in an interview with Chinese media ahead of his visit to China.

    The two countries can use platforms such as the China-CELAC Forum, BRICS and the upcoming UN climate conference COP30 to move forward together, he said.

    “Brazil sees China as a political partner, an economic partner and a very strong strategic partner in this turbulent world of the 21st century,” the president stressed.

    The visit to China is a continuation of the good bilateral relations established in recent years, said L.I. Lula da Silva, adding that they continue to improve and are increasingly gaining strategic importance.

    “We do not want one country to be superior to others. We do not want one currency to be superior to others. We want trade to be fair and balanced, and for everyone to be able to sell and buy fairly,” the president said.

    According to him, Brazil is committed to defending peace, multilateralism and a fair trading system. There is no doubt that together with China and other countries of the Global South, it can have a greater impact on the world, L.I. Lula da Silva added.

    “I believe that the Global South is a political novelty of the 21st century. I am very proud that we have arrived where we are. And even greater growth is possible because there are many people who want to join the Global South,” the head of state said.

    On trade, he noted that Brazil, the largest economy in Latin America, has significant trade with China. However, the rapid growth of trade relations between the two points to even greater potential for trade exchanges and investment, the president added.

    L.I. Lula da Silva said that a group of Brazilian business leaders will travel to China with him to establish new partnerships with Chinese entrepreneurs, especially in areas such as infrastructure, mining and energy.

    He would also like to expand scientific and technical cooperation, particularly in the field of space. The President hopes to improve the existing joint program on satellites for studying the earth’s resources.

    Brazil wants to discuss AI issues with China “to ensure that artificial intelligence serves all of humanity and not just a few countries,” the head of state said.

    Brazil is preparing to host COP30 this year and hopes to establish a strong partnership with China, L. I. Lula da Silva noted. China has made significant progress in combating climate change and can share its experience in transforming energy needs at the conference, he added. –0–

    MIL OSI Russia News –

  • True Empowerment Is Made Possible By Hand-Holding Individuals: Vice-President

    Source: Government of India

    Source: Government of India (2)

    Balanced Economic Development and Societal Growth Happen When Women Come Forward: Vice-President
    North East Is Our Jewel, States the Vice-President
    Our Tribal Culture Is Resplendent; Our Tribal Culture Is Our Wealth, Says the VP
    Visionary Leadership Catalyzes Officials to Act in the Right Direction, Stresses the VP
    Vice-President Interacts With Self Help Group Members of Meghalaya in New Delhi

    The Vice-President of India, Shri Jagdeep Dhankhar today said, “To empower the pocket of a person by freebies, by doles, is not true empowerment. True empowerment is that you hand-hold the person so that the person gets himself or herself empowered. That brings joy, that brings satisfaction, that gives you inner strength, and also makes you pride of your families.”

    https://twitter.com/VPIndia/status/1922201261748756553

    Addressing members of Self Help Groups (SHGs) of Meghalaya representing Garo Hills, Khasi Hills and Jaintia Hills regions in New Delhi today, Shri Dhankhar said, “North East part of our country is our jewel. In 90s, that is about three decades ago, the Government of India had a policy and that policy was ‘Look East’. Prime Minister Narendra Modi gave an additional dimension to this policy – ‘Look East’ to ‘Act East’. And that action has taken place very effectively. Meghalaya let me tell you, is heaven for tourists. Bountiful gift of nature.”

    https://twitter.com/VPIndia/status/1922191927857836539

    Highlighting the progress made under the ‘Look East, Act East’ policy, the Vice-President emphasized that Meghalaya holds immense potential in tourism, mining, IT, and services. He lauded the state’s achievements in economic growth and women’s empowerment, crediting visionary leadership at both the Centre and the state level.

    https://twitter.com/VPIndia/status/1922193027499446304

    The Vice-President praised the decade-long governance reforms and development achieved under Prime Minister Narendra Modi’s leadership, stating, “It is the visionary leadership that catalyzes the officials to act in the right direction. Fortunately in our country this is happening for last decade and it is happening in your state also. Under the visionary leadership of Prime Minister Modi, the country in last decade has achieved milestones that are envy of the world in economy, infrastructure, technology, and women development, women empowerment. Our Tribal Culture Is Resplendent; Our Tribal Culture Is Our Wealth”

    Commending the state’s economic progress, the Vice-President noted, “Economy of a state is determined by gross state domestic product, GSDP. And for that the state of Meghalaya has seen a rise of 13%. 13% rise year to year is very greatly commendable. Congratulations to the Chief Minister for his deep commitment to improve the economy of the state. And right now, it is projected to be more than 66,000 crores. Meghalaya is a large state when it comes to heart, but otherwise geographically not that large. But size of your economy is good. You’ve set a great target. And your target is the state is aiming for $10 billion economy by 2028.”

    Reflecting on the importance of inclusive growth, the Vice-President expressed, “The state has enormous talent, enormous potential in tourism, in mining, in IT, in service sector. But what is more important is, human resource must be nurtured. Human resource must be independent. And in that category also, societal growth, economic development is balanced when women come forward. I am so happy and delighted that both with respect to the revolving fund and the number, is a tenfold increase.”

    https://twitter.com/VPIndia/status/1922193732461592885

    Shri Conrad Sangma, Chief Minister of Meghalaya, and other dignitaries were also present during the interaction.

  • MIL-OSI Economics: NOIA Urges Certainty on Offshore Energy Tax Credits

    Source: National Ocean Industries Association – NOIA

    Headline: NOIA Urges Certainty on Offshore Energy Tax Credits

    For Immediate Release: Monday, May 12, 2025NOIA .org
    NOIA Urges Certainty on Offshore Energy Tax Credits
    Washington, D.C. – National Ocean Industries Association President Erik Milito issued the following statement in regards to the House Ways & Means Committee reconciliation package:
    “NOIA continues to support efforts by Congress and the Administration to promote U.S. energy dominance. However, we caution against the premature repeal or phase-out of current tax credits, as such changes risk disrupting vital investments in American manufacturing, infrastructure, ports, shipbuilding, and offshore energy projects nationwide.
    “Through a long-term lens—spanning a decade or more—American companies have made substantial investments in offshore energy based on the stability of the current tax framework. Sudden changes to the tax code could inject significant uncertainty, jeopardizing capital allocation, project planning, and job creation across the energy sector and the broader economy.
    “As budget reconciliation discussions move forward, we urge a collaborative approach that maintains certainty for businesses that have made meaningful U.S. investments under the existing credit structure. These tax credits provide a meaningful boost to the U.S. in the global competition to meet surging AI-driven energy demand, secure critical mineral supply chains, and revitalize domestic shipbuilding—all while supporting affordability and reliability for American consumers.”
    ##
    About NOIAThe National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.

    MIL OSI Economics –

  • MIL-OSI China: ‘Made in China’ attracts global shoppers as favorable policies boost travel rush

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

    Tourists exchange currency at Tianjin International Cruise Home Port in north China’s Tianjin Municipality, May 1, 2025. [Photo/Xinhua]

    As Dean Dubois, a tourist from France, explored the ancient, enchanting shops of Guanqian Street in Suzhou, east China’s Jiangsu Province, he couldn’t resist a shopping spree.

    “This is my second time shopping in China, and every time I feel like I can’t buy enough,” he said, after stuffing his already brimming suitcase with traditional Chinese attire, embroidered scarves, handcrafted teacups, and a brand-new smartphone.

    With the rise of “China tours” on social media in recent years, shopping sprees in China are fast becoming a global consumer trend. An increasing number of international tourists are now visiting the country with shopping as a key motivation.

    A growing attraction 

    According to data from the National Immigration Administration (NIA), during this year’s May Day holiday, the number of foreign nationals entering and exiting China reached around 1.12 million, marking a 43.1 percent year-on-year increase.

    “Make sure to bring an empty suitcase to China!” This tongue-in-cheek travel tip has recently gone viral on overseas social media platforms. A growing number of foreign tourists are embracing the “tourism plus shopping” model.

    Some overseas consumers have even formed “shopping groups” that fly to China specifically to stock up on popular items. On social media, one blogger posted a “mutual assistance shopping” invitation, saying: “If you’re going to China this week, could you help me buy something? Next time I go, I’ll return the favor!”

    In Shanghai alone, foreign spending reached 455 million yuan (about 63.2 million U.S. dollars) between April 30 and May 4, marking a staggering year-on-year increase of 211.6 percent.

    “Look at this wallet. Every thread is hand-stitched!” South African blogger Sarah excitedly shared with her followers on a video platform, showing off the treasures she picked up during her recent trip to China. She went on to share: “And this is a thermos cup that can automatically brew tea — such an amazing design!”

    Foreign tourists’ shopping preferences are evolving. Data from China’s payment platforms showed that foreign tourists are increasingly drawn to local supermarkets, trendy cultural products and specialty foods.

    “Before, I would buy little souvenirs and cheaper T-shirts, but now I want to take home items with cultural significance,” said Dubois, noting that his shopping list includes silk products, ceramics, traditional Chinese clothing, and smart products.

    The continued relaxation of visa policies has made it easier for “China tours” to turn into shopping tours. Data released by the NIA last month showed that since the implementation of the 240-hour visa-free transit program, the number of foreign arrivals in China had increased by 40.2 percent, with the proportion of visa-free visitors reaching 71.3 percent.

    “I can stay longer in China, so of course, shopping is a must-do. And I can explore nearby cities as well,” said Italian tourist Giancarlo Marino.

    More tax refunds 

    China has introduced a series of measures to stimulate shopping, including lowering the threshold for tax refunds from 500 yuan to 200 yuan, raising the cash refund limit to 20,000 yuan, adding more tax refund stores at tourist hubs, and expanding the “buy-and-refund” service nationwide.

    Chen Youping, financial director at a shopping mall in Wuxi City, Jiangsu, explained that with a tax refund rate of 11 percent, a foreign tourist purchasing goods of 10,000 yuan could save 900 yuan after deducting a 2 percent handling fee. “This is particularly attractive for consumers purchasing luxuries or high-end electronic products, which could also encourage them to spend more.”

    “It’s like a discount right on the spot,” said Marino, who received nearly 1,000 yuan in tax refunds through the “buy-and-refund” service at Nanjing Deji Plaza. “You can do it all on your phone, and it’s super convenient! It prompts me to buy more unique products.”

    Statistics showed that in 2024, the tax refund scale in 10 pilot areas increased by 22 times compared to the previous year.

    Meanwhile, the increased coverage of foreign card POS systems and the continued upgrades in mobile payment services have made transactions smoother. Some regions have offered “tap-and-go” payment options for foreign tourists.

    The items in shopping carts also reflect the global appeal of “Made in China.” Folding screen phones, drones and smart home devices are consistently capturing attention. “The quality, design, and iteration speed of Chinese products are truly impressive,” Dubois said.

    Zhang Chunlong, director of the Institute of Social Policy, Jiangsu Provincial Academy of Social Sciences, found that Chinese products are growing more attractive in the global market.

    “High quality and cost-effectiveness have led foreign tourists to continue visiting China to buy good products,” Zhang said. 

    MIL OSI China News –

  • MIL-OSI China: Chinese firms still look for US growth

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

    A pedestrian crosses an intersection around the World Trade Center, New York City, the United States, on Jan 3, 2025. [Photo/Xinhua]

    Chinese companies in the United States plan to expand business operations despite geopolitical and profitability challenges, according to a survey released by the China General Chamber of Commerce – USA on Monday.

    The Annual Business Survey Report on Chinese Enterprises in the US tracks key performance trends and sentiment among Chinese companies with US operations, based on data collected from nearly 100 Chinese firms in March to early April.

    While some firms grow in size and revenue (37 percent now generate more than $100 million annually, up by 2 percentage points from 2023), the data reveals that profitability lags.

    In general, the survey shows a slight margin recovery in 2024, with 43 percent of respondents reported earnings before interest and taxes (EBIT) margins between 0 and 15 percent — up from 38 percent the previous year.

    The share of companies experiencing severe declines also dropped sharply, with only 10 percent seeing margins fall by more than five points, compared with 27 percent in 2023.

    “The reduction in severe declines reflects better cost/revenue management,” noted the report.

    Still, while extreme losses have declined, most enterprises are operating with thin margins and limited capacity for reinvestment.

    While 23 percent of firms reported operating margin improvements between 0 and 5 percentage points, up from 15 percent in 2023, only 7 percent achieved high margins of 15 percent or more, a significant drop from 11 percent in 2023.

    Meanwhile, nearly 1 in 4 companies reported losses, with 17 percent reporting losses up to 15 percent.

    A further 17 percent of companies reported breaking even, while 10 percent did not disclose or were unsure about their margins.

    “High-margin performers became scarcer, while loss-makers persisted,” the report said, underscoring the pressure on business fundamentals.

    The survey found that 60 percent of respondents plan to maintain their current level of investment in the US through 2025, suggesting a preference for stability in light of ongoing economic and policy uncertainties.

    While 1 in 5 companies plan to increase investment, the same number plan reductions, indicating a split in business confidence.

    Concerns about a deteriorating geopolitical environment reinforce a cautious outlook. A striking 90 percent of companies identified US-China political and cultural tensions as the most pressing challenge for operations in 2025 and 2026.

    “Inflation and the unstable US economy,” and “frictions in US-China economic and trade relations” were cited by 80 percent and 73 percent of companies, respectively.

    Additionally, 60 percent flagged “uncertainty in US foreign investment policies” and “unstable US policies toward foreign investments” as top challenges, reflecting increased difficulty and risk in investment decisions.

    Asked about their key business objectives for US investment in 2025 and 2026, 83 percent of companies surveyed said they aimed to improve profitability, and 70 percent reported that they planned to recover and grow their existing business, showing a strong intention to strengthen and expand current operations.

    As of July 2024, CGCC’s Chinese member companies have invested at least $140 billion, employed more than 230,000 people, and indirectly supported over a million jobs in the US, the CGCC reported.

    The CGCC warned that recent tariff changes, which occurred after the survey concluded, may have deepened business pessimism even further. On Monday, China and the US announced a series of tariff reductions to de-escalate trade tensions.

    The US agreed to remove 91 percentage points in the additional tariffs it had imposed on China, while China reciprocated by removing 91 percentage points in its additional tariffs on the US.

    The US will pause 24 percentage points of additional ad valorem duties — tariffs levied in proportion to the value of goods — on Chinese imports for 90 days, and China will do the same for 24 percentage points of its modified additional ad valorem rates of duty for imports from the US.

    Still, a 90-day suspension, while welcome, creates significant uncertainty for both Chinese and US companies’ business planning and costs, analysts said.

    The USCBC’s 2024 Member Survey, released in September, noted that US companies’ financial performance in China remained healthy in 2023, with 80 percent being profitable, and a larger share (42 percent) of companies seeing revenues grow by 20 percent or less compared with the 2023 survey results (28 percent).

    Looking ahead, 72 percent of respondents expected that the profit margins of their China operations will be equal to or greater than their global average in 2024, matching companies’ expections in 2023, according to the USCBC survey.

    At an embassy event last week, China’s top envoy in the US Xie Feng said that in 2022 alone, the revenue of the US-owned enterprises in China significantly exceeded those of Chinese-owned enterprises in the US by more than $400 billion.

    MIL OSI China News –

  • MIL-OSI: JD.com Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 13, 2025 (GLOBE NEWSWIRE) — JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months ended March 31, 2025.

    First Quarter 2025 Highlights

    • Net revenues were RMB301.1 billion (US$141.5 billion) for the first quarter of 2025, an increase of 15.8% from the first quarter of 2024.
    • Income from operations was RMB10.5 billion (US$1.5 billion) for the first quarter of 2025, compared to RMB7.7 billion for the first quarter of 2024. Operating margin was 3.5% for the first quarter of 2025, compared to 3.0% for the first quarter of 2024. Non-GAAP2income from operations was RMB11.7 billion (US$1.6 billion) for the first quarter of 2025, compared to RMB8.9 billion for the first quarter of 2024. Non-GAAP operating margin was 3.9% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024. Operating margin of JD Retail before unallocated items was 4.9% for the first quarter of 2025, compared to 4.1% for the first quarter of 2024.
    • Net income attributable to the Company’s ordinary shareholders was RMB10.9 billion (US$1.5 billion) for the first quarter of 2025, compared to RMB7.1 billion for the first quarter of 2024. Net margin attributable to the Company’s ordinary shareholders was 3.6% for the first quarter of 2025, compared to 2.7% for the first quarter of 2024. Non-GAAP net income attributable to the Company’s ordinary shareholders was RMB12.8 billion (US$1.8 billion) for the first quarter of 2025, compared to RMB8.9 billion for the first quarter of 2024. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 4.2% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024.
    • Diluted net income per ADS was RMB7.19 (US$0.99) for the first quarter of 2025, compared to RMB4.53 for the first quarter of 2024. Non-GAAP diluted net income per ADS was RMB8.41 (US$1.16) for the first quarter of 2025, compared to RMB5.65 for the first quarter of 2024.

    “We saw a strong start to the year, with solid results on both the top and bottom lines in Q1,” said Sandy Xu, Chief Executive Officer of JD.com. “Our performance was supported by improving consumer sentiment and continued enhancements to JD’s supply chain capabilities and user experience. User growth was particularly strong during the quarter, reflecting the increasing trust and mindshare JD has earned from consumers and further strengthening our ecosystem. We are also seeing encouraging signs from new initiatives, and we believe these emerging opportunities will further position us for long-term, high-quality growth.”

    “In the first quarter, both our product and service revenues achieved double-digit growth year-on-year, further accelerating on a sequential basis, while bottom line also continued to expand steadily,” said Ian Su Shan, Chief Financial Officer of JD.com. “In particular, we maintained and further enhanced robust momentum of our core JD Retail business, while exploring exciting new opportunities for our long-term success. We also remained very committed to shareholder returns. We completed our annual dividend payout in April, and further executed upon our share repurchase program during the first quarter.”

    Updates of Share Repurchase Program

    Pursuant to the Company’s share repurchase program of up to US$5.0 billion adopted in August 2024 and effective through August 2027, the Company repurchased a total of approximately 80.7 million Class A ordinary shares (equivalent to 40.4 million ADSs) for a total of approximately US$1.5 billion from January 1, 2025 to the date of this announcement. The remaining amount under the share repurchase program was US$3.5 billion as of the date of this announcement.

    The total number of shares repurchased by the Company from January 1, 2025 to the date of this announcement amounted to approximately 2.8% of its ordinary shares outstanding as of December 31, 20243. All of these ordinary shares were repurchased from both Nasdaq and the Hong Kong Stock Exchange pursuant to the share repurchase program.

    Business Highlights

    • JD Retail:In the first quarter, JD.com deepened its strategic partnerships with leading digital product manufacturers such as Xiaomi. The collaborations focus on product innovation, marketing initiatives, and other key areas, aiming to capture the emerging market opportunities driven by consumption support policies and the rise of AI large language models. Together with its partners, JD.com is committed to providing its users with more intelligent and diverse product offerings, along with enhanced purchasing and service experience.

      In the first quarter, JD.com debuted a range of new products online from renowned fashion brands, such as La Prairie, Crocs, and Massimo Dutti. Leveraging its platform advantages and integrated supply chain capabilities, JD.com is dedicated to offering an enriched selection of fashionable products and superior shopping experience for a wide range of consumers.

      In April, JD.com announced the launch of an export-to-domestic sales program. JD.com aims to procure no less than RMB200 billion worth of export-oriented goods for domestic sales. Through this initiative, JD.com will work with Chinese manufactures to strengthen their presence in the domestic market and provide consumers with more better and cheaper products.

    • New Business:In February 2025, JD.com officially launched its food delivery business. Starting from core retail, JD is expanding into on-demand retail and food delivery, meeting users’ demands in various scenarios. Rooted in the Company’s ecosystem, JD Food Delivery is not a stand-alone business. It operates in a market with big opportunities and demands, such as users’ demand for quality meals, merchants’ need for reasonable commissions, and riders’ desire for better protections. JD has the right strength, culture and advantage to address such opportunities and demands, particularly with its “better and cheaper” user mindshare, the “thirty-five cents” principle that insists on only reasonable profit margins, and its strong logistics operation and management capabilities. JD Food Delivery is set to generate synergetic effects with the Company’s existing businesses, including enriching location-based product supplies, upgrading last mile fulfillment network, and contributing to user growth and engagement. JD Food Delivery has achieved substantial progress in a very brief time, a proof of the great potentials of the food delivery industry and JD’s precise grasp of the industry demands and strong execution capabilities.
    • JD Health:In the first quarter, JD Health further strengthened its position as the first online marketplace for new and specialty medicine launches. It debuted several innovative medicines online during the quarter from pharmaceutical companies including Pfizer, Esteve, Innogen, and others, broadening treatment options for patients. In addition, JD Health also deepened its collaborations with leading healthcare product companies, including By-Health, Yan Palace, and LifeStyles, driving synergies in product innovation, digitalization of supply chain, and precision marketing.

      In the first quarter, JD Health made significant progress in medical AI, continuously promoting the application of AI in healthcare services, specialized diagnosis and treatment, and health management. JD Health Online Hospital has seen over 80% of its medical consultation orders aided with AI services. Its AI nutritionist has also achieved a user satisfaction rate of 91%.

    • JD Logistics:In the first quarter, JD Logistics (“JDL”) continued to expand its global footprint. In January, JDL officially launched an international air cargo route between Shenzhen, China, and Bangkok, Thailand, enabling more efficient cross-border flow of goods. In March, JDL’s second warehouse in Warsaw, Poland commenced operations, offering integrated supply chain and logistics services to support both Chinese enterprises and local European businesses with streamlined and efficient logistics solutions.

      On March 24, 2025, JDL officially launched its operations center in Hong Kong, marking a significant step-up in expanding the coverage of its express delivery network and boosting service efficiency in the region. Since upgrading its services in Hong Kong in October 2023, JDL has been persistently deepening its footprint in the market. It has been providing premium express delivery services to consumers, and at the same time, cultivating a mutually beneficial ecosystem in collaboration with local businesses.

    Environment, Social and Governance

    • Starting from March 1, 2025, JD.com has begun to contribute the social insurances and the housing fund for its full-time food delivery riders, including both portions that are to be contributed by employers and individuals. In addition, JD.com will also provide accident and health insurances for its part-time food delivery riders. JD.com has become the first platform in China to provide such extensive social benefit coverage for full-time food delivery riders.
    • As a testament to JD.com’s unwavering commitment to creating more jobs and making contribution to the society, the total personnel under the JD Ecosystem4 was approximately 700,000 as of March 31, 2025, including the Company’s employees, part-time staff and interns, as well as the personnel of the Company’s affiliates in the JD Ecosystem. The total expenditure for such human resources, together with the expenditure for external personnel who work for the JD Ecosystem, amounted to RMB128.8 billion for the twelve months ended March 31, 2025.

    First Quarter 2025 Financial Results

    Net Revenues. Net revenues increased to RMB301.1 billion (US$41.5 billion) by 15.8% for the first quarter of 2025 from RMB260.0 billion for the first quarter of 2024. Net product revenues increased by 16.2%, while net service revenues increased by 14.0% for the first quarter of 2025, compared to the first quarter of 2024.

    Cost of Revenues. Cost of revenues increased to RMB253.2 billion (US$34.9 billion) by 15.0% for the first quarter of 2025 from RMB220.3 billion for the first quarter of 2024.

    Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased to RMB19.7 billion (US$2.7 billion) by 17.4% for the first quarter of 2025 from RMB16.8 billion for the first quarter of 2024. Fulfillment expenses as a percentage of net revenues was 6.6% for the first quarter of 2025, compared to 6.5% for the first quarter of 2024.

    Marketing Expenses. Marketing expenses increased to RMB10.5 billion (US$1.5 billion) by 13.9% for the first quarter of 2025 from RMB9.3 billion for the first quarter of 2024. Marketing expenses as a percentage of net revenues was 3.5% for the first quarter of 2025, compared to 3.6% for the first quarter of 2024.

    Research and Development Expenses. Research and development expenses increased to RMB4.6 billion (US$0.6 billion) by 14.6% for the first quarter of 2025 from RMB4.0 billion for the first quarter of 2024. Research and development expenses as a percentage of net revenues was 1.5% for the first quarter of 2025, compared to 1.6% for the first quarter of 2024.

    General and Administrative Expenses. General and administrative expenses increased to RMB2.4 billion (US$0.3 billion) by 22.2% for the first quarter of 2025 from RMB2.0 billion for the first quarter of 2024. General and administrative expenses as a percentage of net revenues remained stable at 0.8% for the first quarter of 2025 and 2024.

    Income from Operations and Non-GAAP Income from Operations. Income from operations increased to RMB10.5 billion (US$1.5 billion) by 36.8% for the first quarter of 2025 from RMB7.7 billion for the first quarter of 2024. Operating margin was 3.5% for the first quarter of 2025, compared to 3.0% for the first quarter of 2024. Non-GAAP income from operations increased to RMB11.7 billion (US$1.6 billion) by 31.4% for the first quarter of 2025 from RMB8.9 billion for the first quarter of 2024. Non-GAAP operating margin was 3.9% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024. Operating margin of JD Retail before unallocated items for the first quarter of 2025 was 4.9%, compared to 4.1% for the first quarter of 2024.

    Non-GAAP EBITDA. Non-GAAP EBITDA increased to RMB13.7 billion (US$1.9 billion) by 27.0% for the first quarter of 2025 from RMB10.8 billion for the first quarter of 2024. Non-GAAP EBITDA margin was 4.6% for the first quarter of 2025, compared to 4.1% for the first quarter of 2024.

    Net Income Attributable to the Company’s Ordinary Shareholders and Non-GAAP Net Income Attributable to the Company’s Ordinary Shareholders. Net income attributable to the Company’s ordinary shareholders increased to RMB10.9 billion (US$1.5 billion) by 52.7% for the first quarter of 2025 from RMB7.1 billion for the first quarter of 2024. Net margin attributable to the Company’s ordinary shareholders was 3.6% for the first quarter of 2025, compared to 2.7% for the first quarter of 2024. Non-GAAP net income attributable to the Company’s ordinary shareholders increased to RMB12.8 billion (US$1.8 billion) by 43.4% for the first quarter of 2025 from RMB8.9 billion for the first quarter of 2024. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 4.2% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024.

    Diluted EPS and Non-GAAP Diluted EPS. Diluted net income per ADS increased to RMB7.19 (US$0.99) by 58.7% for the first quarter of 2025 from RMB4.53 for the first quarter of 2024. Non-GAAP diluted net income per ADS increased to RMB8.41 (US$1.16) by 48.8% for the first quarter of 2025 from RMB5.65 for the first quarter of 2024.

    Cash Flow and Working Capital

    As of March 31, 2025, the Company’s cash and cash equivalents, restricted cash and short-term investments totaled RMB203.4 billion (US$28.0 billion), compared to RMB241.4 billion as of December 31, 2024. For the first quarter of 2025, free cash flow of the Company was as follows:

        For the three months ended
        March 31,
    2024    		     March 31,
    2025    		     March 31,
    2025
        RMB RMB US$
        (In millions)
         
    Net cash used in operating activities   (11,315 )   (18,262 )   (2,517 )
    Less: Impact from consumer financing receivables included in the operating cash flow   (1,281 )   (1,018 )   (140 )
    Less: Capital expenditures, net of related sales proceeds   (2,880 )   (2,323 )   (320 )
    Capital expenditures for development properties   (1,360 )   (915 )   (126 )
    Other capital expenditures*   (1,520 )   (1,408 )   (194 )
    Free cash flow   (15,476 )   (21,603 )   (2,977 )
                       

    * Including capital expenditures related to the Company’s headquarters in Beijing and all other CAPEX.

    Net cash provided by investing activities was RMB16.2 billion (US$2.2 billion) for the first quarter of 2025, consisting primarily of net cash received from maturity of time deposits and wealth management products and cash received from disposal of equity investments and investment securities, partially offset by cash paid for capital expenditures.

    Net cash used in financing activities was RMB7.3 billion (US$1.0 billion) for the first quarter of 2025, consisting primarily of net cash paid for repayment of borrowings and cash paid for repurchase of ordinary shares.

    For the twelve months ended March 31, 2025, free cash flow of the Company was as follows:

        For the twelve months ended
        March 31,
    2024    		     March 31,
    2025    		     March 31,
    2025
        RMB RMB US$
        (In millions)
         
    Net cash provided by operating activities   69,813     51,148     7,048  
    (Less)/Add: Impact from consumer financing receivables included in the operating cash flow   (1,191 )   131     18  
    Less: Capital expenditures, net of related sales proceeds   (18,045 )   (13,666 )   (1,883 )
    Capital expenditures for development properties   (11,332 )   (6,841 )   (943 )
    Other capital expenditures   (6,713 )   (6,825 )   (940 )
    Free cash flow   50,577     37,613     5,183  
                       

    Supplemental Information

    The Company reports three reportable segments, JD Retail, JD Logistics, and New businesses. JD Retail, including JD Health and JD Industrials, among other operating segments, mainly engages in online retail, online marketplace and marketing services in China. JD Logistics includes both internal and external logistics businesses. New Businesses mainly include Dada, JD Property, Jingxi and overseas businesses.

      For the three months ended  
      March 31,
    2024     		   March 31,
    2025     		   March 31,
    2025    		  
      RMB RMB US$  
      (In millions, except percentage data)  
    Net revenues:        
    JD Retail 226,835     263,845     36,359    
    JD Logistics 42,137     46,967     6,472    
    New Businesses 4,870     5,753     793    
    Inter-segment eliminations* (13,793 )   (15,483 )   (2,134 )  
    Total consolidated net revenues 260,049     301,082     41,490    
    Less: cost of revenues:        
    JD Retail (190,062 )   (219,395 )   (30,234 )  
    JD Logistics (39,052 )   (43,785 )   (6,034 )  
    New Businesses (4,031 )   (4,586 )   (632 )  
    Inter-segment eliminations* 12,892     14,539     2,004    
    Less: operating expenses:        
    JD Retail (27,448 )   (31,604 )   (4,355 )  
    JD Logistics (2,861 )   (3,037 )   (418 )  
    New Businesses (1,509 )   (2,494 )   (344 )  
    Inter-segment eliminations* 901     944     130    
    Income/(loss) from operations:        
    JD Retail 9,325     12,846     1,770    
    JD Logistics 224     145     20    
    New Businesses (670 )   (1,327 )   (183 )  
    Total segment income from operations 8,879     11,664     1,607    
    Unallocated items** (1,179 )   (1,131 )   (156 )  
    Total consolidated income from operations 7,700     10,533     1,451    
    Share of results of equity investees (730 )   1,330     183    
    Interest expense (601 )   (600 )   (82 )  
    Others, net 2,696     2,079     287    
    Total consolidated income before tax 9,065     13,342     1,839    
             
    YoY% change of net revenues:        
    JD Retail 6.8 %   16.3 %      
    JD Logistics 14.7 %   11.5 %      
    New Businesses (19.2 )%   18.1 %      
             
    Operating margin:        
    JD Retail 4.1 %   4.9 %      
    JD Logistics 0.5 %   0.3 %      
    New Businesses (13.8 )%   (23.1 )%      
                     

    * The inter-segment eliminations mainly consist of revenues from supply chain solutions and logistics services provided by JD Logistics to JD Retail, on-demand delivery and retail services provided by Dada to JD Retail and JD Logistics, and property leasing services provided by JD Property to JD Logistics.

    ** Unallocated items include share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, and impairment of goodwill and intangible assets, which are not allocated to segments.

    The table below sets forth the revenue information:

      For the three months ended  
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025    		 YoY%
    Change
      RMB   RMB   US$  
      (In millions, except percentage data)
    Electronics and home appliances revenues 123,212   144,295   19,884 17.1 %
    General merchandise revenues 85,296   98,014   13,507 14.9 %
    Net product revenues 208,508   242,309   33,391 16.2 %
    Marketplace and marketing revenues 19,289   22,320   3,076 15.7 %
    Logistics and other service revenues 32,252   36,453   5,023 13.0 %
    Net service revenues 51,541   58,773   8,099 14.0 %
    Total net revenues 260,049   301,082   41,490 15.8 %
                   


    Conference Call

    JD.com’s management will hold a conference call at 8:00 am, Eastern Time on May 13, 2025, (8:00 pm, Beijing/Hong Kong Time on May 13, 2025) to discuss the first quarter 2025 financial results.

    Please register in advance of the conference using the link provided below and dial in 15 minutes prior to the call, using participant dial-in numbers, the Passcode and unique access PIN which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.

    PRE-REGISTER LINK: https://s1.c-conf.com/diamondpass/10046856-37hfgr.html

    CONFERENCE ID: 10046856

    A telephone replay will be available for one week until May 20, 2025. The dial-in details are as follows:

    US: +1-855-883-1031
    International: +61-7-3107-6325
    Hong Kong: 800-930-639
    Chinese Mainland: 400-120-9216
    Passcode: 10046856
       

    Additionally, a live and archived webcast of the conference call will also be available on the JD.com’s investor relations website at http://ir.jd.com.

    About JD.com

    JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

    Non-GAAP Measures

    In evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP income/(loss) from operations, non-GAAP operating margin, non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders, non-GAAP net margin attributable to the Company’s ordinary shareholders, free cash flow, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP net income/(loss) per share and non-GAAP net income/(loss) per ADS, as supplemental measures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines non-GAAP income/(loss) from operations as income/(loss) from operations excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, gain on sale of development properties and impairment of goodwill and long-lived assets. The Company defines non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders as net income/(loss) attributable to the Company’s ordinary shareholders excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements and non-compete agreements, gain/(loss) on disposals/deemed disposals of investments and others, reconciling items on the share of equity method investments, loss/(gain) from fair value change of long-term investments, impairment of goodwill, long-lived assets and investments, gain on sale of development properties and tax effects on non-GAAP adjustments. The Company defines free cash flow as operating cash flow adjusting the impact from consumer financing receivables included in the operating cash flow and capital expenditures, net of related sales proceeds. Capital expenditures include purchase of property, equipment and software, cash paid for construction in progress, purchase of intangible assets, land use rights and asset acquisitions. The Company defines non-GAAP EBITDA as non-GAAP income/(loss) from operations plus depreciation and amortization excluding amortization of intangible assets resulting from assets and business acquisitions. Non-GAAP basic net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods. Non-GAAP diluted net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods, including the dilutive effects of share-based awards as determined under the treasury stock method and convertible senior notes. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per share multiplied by two.

    The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. Non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders and non-GAAP EBITDA reflect the Company’s ongoing business operations in a manner that allows more meaningful period-to-period comparisons. Free cash flow enables management to assess liquidity and cash flow while taking into account the impact from consumer financing receivables included in the operating cash flow and the demands that the expansion of fulfillment infrastructure and technology platform has placed on financial resources. The Company believes that the use of the non-GAAP financial measures facilitates investors to understand and evaluate the Company’s current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.

    The non-GAAP financial measures have limitations as analytical tools. The Company’s non-GAAP financial measures do not reflect all items of income and expense that affect the Company’s operations or not represent the residual cash flow available for discretionary expenditures. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.

    CONTACTS:

    Investor Relations
    Sean Zhang
    +86 (10) 8912-6804
    IR@JD.com

    Media Relations
    +86 (10) 8911-6155
    Press@JD.com

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under 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 “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as JD.com’s strategic and operational plans, contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.

    JD.com, Inc.
    Unaudited Interim Condensed Consolidated Balance Sheets
    (In millions, except otherwise noted)
         
        As of
        December 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
        RMB   RMB   US$
    ASSETS            
    Current assets            
    Cash and cash equivalents   108,350   96,778   13,336
    Restricted cash   7,366   9,279   1,279
    Short-term investments   125,645   97,385   13,420
    Accounts receivable, net (including consumer financing receivables of RMB2.0 billion and RMB1.3 billion as of December 31, 2024 and March 31, 2025, respectively)(1)   25,596   31,380   4,324
    Advance to suppliers   7,619   6,140   846
    Inventories, net   89,326   95,434   13,151
    Prepayments and other current assets   15,951   15,712   2,165
    Amount due from related parties   4,805   3,344   461
    Assets held for sale   2,040   1,778   245
    Total current assets   386,698   357,230   49,227
    Non-current assets            
    Property, equipment and software, net   82,737   83,054   11,445
    Construction in progress   6,164   7,039   970
    Intangible assets, net   7,793   7,510   1,035
    Land use rights, net   36,833   36,820   5,074
    Operating lease right-of-use assets   24,532   25,621   3,531
    Goodwill   25,709   25,709   3,543
    Investment in equity investees   56,850   52,138   7,185
    Marketable securities and other investments   59,370   71,755   9,888
    Deferred tax assets   2,459   2,430   335
    Other non-current assets   9,089   8,556   1,179
    Total non-current assets   311,536   320,632   44,185
    Total assets   698,234   677,862   93,412
                 
    JD.com, Inc.
    Unaudited Interim Condensed Consolidated Balance Sheets
    (In millions, except otherwise noted)
         
        As of
        December 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
        RMB   RMB   US$
    LIABILITIES            
    Current liabilities            
    Short-term debts   7,581   4,230   583
    Accounts payable   192,860   176,736   24,355
    Advance from customers   32,437   34,055   4,693
    Deferred revenues   2,097   2,166   299
    Taxes payable   9,487   5,496   757
    Amount due to related parties   1,367   2,954   407
    Accrued expenses and other current liabilities   45,985   50,626   6,976
    Operating lease liabilities   7,606   7,801   1,075
    Liabilities held for sale   101   65   9
    Total current liabilities   299,521   284,129   39,154
    Non-current liabilities            
    Deferred revenues   502   424   58
    Unsecured senior notes   24,770   24,758   3,412
    Deferred tax liabilities   9,498   8,440   1,163
    Long-term borrowings   31,705   31,492   4,340
    Operating lease liabilities   18,106   19,151   2,639
    Other non-current liabilities   835   797   110
    Total non-current liabilities   85,416   85,062   11,722
    Total liabilities   384,937   369,191   50,876
                 
    MEZZANINE EQUITY   484   263   36
                 
    SHAREHOLDERS’ EQUITY            
    Total JD.com, Inc. shareholders’ equity (US$0.00002 par value, 100,000 million shares authorized, 2,981 million shares issued and 2,883 million shares outstanding as of March 31, 2025)   239,347   234,322   32,291
    Non-controlling interests   73,466   74,086   10,209
    Total shareholders’ equity   312,813   308,408   42,500
                 
    Total liabilities, mezzanine equity and shareholders’ equity   698,234   677,862   93,412
                 
    (1)   JD Technology performs credit risk assessment services for consumer financing receivables business and absorbs the credit risk of the underlying consumer financing receivables. Facilitated by JD Technology, the Company periodically securitizes consumer financing receivables through the transfer of those assets to securitization plans and derecognizes the related consumer financing receivables through sales type arrangements.
     
    JD.com, Inc.  
    Unaudited Interim Condensed Consolidated Statements of Operations  
    (In millions, except per share data)  
       
      For the three months ended  
      March 31,
    2024    		     March 31,
    2025    		     March 31,
    2025    		  
      RMB RMB US$  
    Net revenues        
    Net product revenues 208,508     242,309     33,391    
    Net service revenues 51,541     58,773     8,099    
    Total net revenues 260,049     301,082     41,490    
    Cost of revenues (220,279 )   (253,234 )   (34,897 )  
    Fulfillment (16,806 )   (19,737 )   (2,720 )  
    Marketing (9,254 )   (10,543 )   (1,453 )  
    Research and development (4,034 )   (4,621 )   (637 )  
    General and administrative (1,976 )   (2,414 )   (332 )  
    Income from operations(2)(3) 7,700     10,533     1,451    
    Other income/(expenses)        
    Share of results of equity investees (730 )   1,330     183    
    Interest expense (601 )   (600 )   (82 )  
    Others, net(4) 2,696     2,079     287    
    Income before tax 9,065     13,342     1,839    
    Income tax expenses (1,700 )   (2,063 )   (285 )  
    Net income 7,365     11,279     1,554    
    Net income attributable to non-controlling interests shareholders 235     389     53    
    Net income attributable to the Company’s ordinary shareholders 7,130     10,890     1,501    
             
    Net income per share:        
    Basic 2.28     3.76     0.52    
    Diluted 2.27     3.59     0.50    
    Net income per ADS:        
    Basic 4.56     7.51     1.04    
    Diluted 4.53     7.19     0.99    
                       
    JD.com, Inc.
    Unaudited Interim Condensed Consolidated Statements of Operations
    (In millions, except per share data)
     
        For the three months ended
        March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025
        RMB   RMB   US$
                 
    (2) Includes share-based compensation as follows:
    Cost of revenues     (26 )     (7 )     (1 )
    Fulfillment     (110 )     (71 )     (10 )
    Marketing     (83 )     (62 )     (9 )
    Research and development     (175 )     (217 )     (30 )
    General and administrative     (365 )     (410 )     (56 )
    Total     (759 )     (767 )     (106 )
                             
    (3) Includes amortization of business cooperation arrangement and intangible assets resulting from assets and business acquisitions as follows:  
    Fulfillment     (103 )     (49 )     (7 )
    Marketing     (219 )     (279 )     (38 )
    Research and development     (66 )     (36 )     (5 )
    General and administrative     (32 )     —       —  
    Total     (420 )     (364 )     (50 )
                             
    (4) “Others, net” consists of interest income; gains/(losses) related to long-term investments without significant influence, including fair value changes, acquisitions or disposals gains/(losses), and impairments; government incentives; foreign exchange gains/(losses); and other non-operating income/(losses).  
    JD.com, Inc.  
    Unaudited Non-GAAP Net Income Per Share and Per ADS  
    (In millions, except per share data)  
       
      For the three months ended  
      March 31,
    2024    		   March 31,
    2025    		   March 31,
    2025    		  
      RMB   RMB   US$  
                 
    Non-GAAP net income attributable to the Company’s ordinary shareholders 8,899   12,758   1,758  
                 
    Non-GAAP net income per share:  
    Basic 2.85   4.40   0.61  
    Diluted 2.83   4.21   0.58  
                 
    Non-GAAP net income per ADS:  
    Basic 5.69   8.80   1.21  
    Diluted 5.65   8.41   1.16  
                 
    Weighted average number of shares:            
    Basic 3,126   2,898      
    Diluted 3,144   3,035      
                 
    JD.com, Inc.    
    Unaudited Interim Condensed Consolidated Statements of Cash Flows and Free Cash Flow    
    (In millions)    
         
      For the three months ended  
      March 31,
    2024    		     March 31,
    2025    		     March 31,
    2025    		  
      RMB RMB US$  
             
    Net cash used in operating activities (11,315 )   (18,262 )   (2,517 )  
    Net cash provided by investing activities 28,414     16,236     2,237    
    Net cash used in financing activities (7,445 )   (7,288 )   (1,004 )  
    Effect of exchange rate changes on cash, cash equivalents and restricted cash (130 )   (345 )   (47 )  
    Net increase/(decrease) in cash, cash equivalents and restricted cash 9,524     (9,659 )   (1,331 )  
    Cash, cash equivalents, and restricted cash at beginning of period, including cash and cash equivalents classified within assets held for sale 79,451     115,716     15,946    
    Less: Cash, cash equivalents, and restricted cash classified within assets held for sale at beginning of period (53 )   —*     —*    
    Cash, cash equivalents, and restricted cash at beginning of period 79,398     115,716     15,946    
    Cash, cash equivalents, and restricted cash at end of period, including cash and cash equivalents classified within assets held for sale 88,922     106,057     14,615    
    Less: Cash, cash equivalents, and restricted cash classified within assets held for sale at end of period (3 )   —*     —*    
    Cash, cash equivalents and restricted cash at end of period 88,919     106,057     14,615    
             
             
    Net cash used in operating activities (11,315 )   (18,262 )   (2,517 )  
    Less: Impact from consumer financing receivables included in the operating cash flow (1,281 )   (1,018 )   (140 )  
    Less: Capital expenditures, net of related sales proceeds (2,880 )   (2,323 )   (320 )  
    Capital expenditures for development properties (1,360 )   (915 )   (126 )  
    Other capital expenditures (1,520 )   (1,408 )   (194 )  
    Free cash flow (15,476 )   (21,603 )   (2,977 )  
                       

    *Absolute value is less than RMB1 million or US$1 million.

    JD.com, Inc.  
    Supplemental Financial Information and Business Metrics
    (In RMB billions, except turnover days data)    		  
     
        Q1 2024   Q2 2024   Q3 2024   Q4 2024   Q1 2025
    Cash flow and turnover days                    
    Operating cash flow – trailing twelve months (“TTM”)   69.8   74.0   52.8   58.1   51.1
    Free cash flow – TTM   50.6   55.6   33.6   43.7   37.6
    Inventory turnover days(5) – TTM   29.0   29.8   30.4   31.5   32.8
    Accounts payable turnover days(6) – TTM   51.8   57.0   57.5   58.6   57.6
    Accounts receivable turnover days(7) – TTM   5.4   5.7   5.8   5.9   6.4
    (5) TTM inventory turnover days are the quotient of average inventory over the immediately preceding five quarters, up to and including the last quarter of the period, to cost of revenues of retail business for the last twelve months, and then multiplied by 360 days.

    (6) TTM accounts payable turnover days are the quotient of average accounts payable for retail business over the immediately preceding five quarters, up to and including the last quarter of the period, to cost of revenues of retail business for the last twelve months, and then multiplied by 360 days.

    (7) TTM accounts receivable turnover days are the quotient of average accounts receivable over the immediately preceding five quarters, up to and including the last quarter of the period, to total net revenues for the last twelve months and then multiplied by 360 days. Presented are the accounts receivable turnover days excluding the impact from consumer financing receivables.
     
    JD.com, Inc.  
    Unaudited Reconciliation of GAAP and Non-GAAP Results    
    (In millions, except percentage data)  
       
      For the three months ended
      March 31,
    2024    		     March 31,
    2025    		     March 31,
    2025
      RMB RMB US$
           
    Income from operations 7,700     10,533     1,451
    Add: Share-based compensation 759     767     106
    Add: Amortization of intangible assets resulting from assets and business acquisitions 309     252     35
    Add: Effects of business cooperation arrangements 111     112     15
    Non-GAAP income from operations 8,879     11,664     1,607
    Add: Depreciation and other amortization 1,908     2,038     281
    Non-GAAP EBITDA 10,787     13,702     1,888
           
    Total net revenues 260,049     301,082     41,490
           
    Non-GAAP operating margin 3.4 %   3.9 %    
           
    Non-GAAP EBITDA margin 4.1 %   4.6 %    
           
    JD.com, Inc.
    Unaudited Reconciliation of GAAP and Non-GAAP Results
    (In millions, except percentage data)
     
      For the three months ended
      March 31,
    2024    		     March 31,
    2025    		     March 31,
    2025
      RMB RMB US$
           
    Net income attributable to the Company’s ordinary shareholders 7,130     10,890     1,501  
    Add: Share-based compensation 592     650     90  
    Add: Amortization of intangible assets resulting from assets and business acquisitions 143     186     26  
    Add: Reconciling items on the share of equity method investments(8) 370     964     133  
    Add: Impairment of goodwill, long-lived assets, and investments 558     437     60  
    (Reversal of)/Add: (Gain)/Loss from fair value change of long-term investments (8 )   874     120  
    Reversal of: Gain on disposals/deemed disposals of investments and others (22 )   (1,172 )   (162 )
    Add: Effects of business cooperation arrangements 111     112     15  
    Add/(Reversal of): Tax effects on non-GAAP adjustments 25     (183 )   (25 )
    Non-GAAP net income attributable to the Company’s ordinary shareholders 8,899     12,758     1,758  
           
    Total net revenues 260,049     301,082     41,490  
           
    Non-GAAP net margin attributable to the Company’s ordinary shareholders 3.4 %   4.2 %    
           
    (8) To exclude the GAAP to non-GAAP reconciling items on the share of equity method investments and share of amortization of intangibles not on their books.
     

    __________________

    1   The U.S. dollar (US$) amounts disclosed in this announcement, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this announcement is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2025, which was RMB7.2567 to US$1.00. The percentages stated in this announcement are calculated based on the RMB amounts.
    2   See the sections entitled “Non-GAAP Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results” for more information about the non-GAAP measures referred to in this announcement.
    3   The number of ordinary shares outstanding as of December 31, 2024 was approximately 2,903 million shares.
    4   JD Ecosystem is a closely integrated business network providing comprehensive service for customers and comprises the Company and certain affiliates who share the “JD” brand name, currently including Jingdong Technology Holding Co., Ltd. and Allianz Jingdong General Insurance Company Ltd..

    The MIL Network –

  • MIL-OSI Russia: The Church of the Holy Apostles Peter and Paul at the Yauza Gates was equipped with architectural and artistic lighting

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Specialists from the city services complex equipped the building of the Church of the Holy Apostles Peter and Paul at the Yauzskiye Vorota in the Tagansky District of the capital with architectural and artistic lighting. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “We developed a special concept for organizing the lighting of the Church of the Holy Apostles Peter and Paul at the Yauza Gate, built in 1700-1702. The main task was to emphasize the beauty and architectural features of the building, which is a cultural heritage site of federal significance and an important part of the compositional and planning structure of the block,” said Pyotr Biryukov.

    When creating the light image of the temple, the emphasis was placed on the details and elements of the structure. Power engineers of JSC “OEK” installed 100 modern lighting fixtures on the smooth surfaces of the facade of the building, built in the Moscow Baroque style. They used LED lamps emitting cold and warm white light. This combination highlights the architectural form of the temple at night. In addition, the lighting on the lower part of the facade makes pedestrian areas near the building brighter and safer.

    The head of the city economy complex recalled that over the past 13 years, the level of illumination in the capital has doubled, and the number of buildings with architectural and artistic lighting has quadrupled.

    Today, Moscow is illuminated by more than a million lamps. At the same time, energy consumption is reduced thanks to the use of LEDs.

    Get the latest news quickly the city’s official telegram channel Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/153754073/

    MIL OSI Russia News –

  • MIL-OSI Russia: A new technology park will appear in Nekrasovka as part of a large-scale investment project

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    As part of the implementation of a large-scale investment project (MaIP), a modern industrial and technology park will appear in Nekrasovka. The corresponding agreement will be concluded based on the results of the tender, said the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “The key task for further industrial development set by Sergei Sobyanin is the creation and scaling of high-tech production in the city. Thus, in the south-east of the capital, as part of a large-scale investment project, a modern industrial technology park with an area of more than 5.3 thousand square meters will appear. Here it will be possible to place enterprises of high-tech industries that ensure a high level of energy efficiency and environmental friendliness of production,” said Maxim Liksutov.

    Since 2024, land plots for the construction of new enterprises can be obtained under simplified conditions based on the results of tenders. In this case, an urban development plan for the site is prepared, the maximum area of the future enterprise is determined, and the necessary types of permitted land use are established.

    “This is already the second land plot intended for the construction of an industrial facility within the framework of the MAIP, which was sold through a bidding mechanism. The first agreement concluded as a result of the bidding provides for the construction of an industrial technology park with an area of about 14 thousand square meters in the Novokosino district,” noted the Minister of the Moscow Government, head of the capital’s Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    The investor will be able to build an industrial facility at the intersection of Projected Drives No. 83 and 4296.

    According to Ekaterina Solovieva, Minister of the Moscow Government, Head of the Department of City Property, the agreement on the implementation of a large-scale investment project in the Nekrasovka district, which the city will conclude following the results of the auction, provides for the subsequent lease of 0.7 hectares of land at a preferential rate of one ruble per year. Such a support measure will allow the investor to reduce the costs of creating jobs, as well as to quickly establish the production of products important for the life and economy of the city.

    The site intended for the implementation of a large-scale investment project has a convenient location, which will allow the entrepreneur to build optimal routes for the delivery of materials during construction. The Kazan direction of the Moscow Railway is in close proximity, and the North-Eastern Chord and Novorizhanskoye Highway are also nearby.

    The implementation of such projects allows for the development of urban infrastructure, the creation of jobs and thus the maintenance of high dynamics of business activity. This is especially important in areas of promising development, such as Nekrasovka.

    Today, about 100 MAIPs have been approved or are being implemented in the capital, within the framework of which industrial enterprises will appear in different areas of the city and about 60 thousand jobs will be created.

    Investors received 53 plots from the city at a preferential rate of one ruble per year

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/153750073/

    MIL OSI Russia News –