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Category: Economy

  • MIL-OSI: REMINDER: Boralex will release its 2025 first quarter financial results on May 14, at 9 a.m.

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, May 12, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Wednesday, May 14, 2025, at 9 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2 

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at www.boralex.com. A full replay will also be available on Boralex’s website until May 14, 2026.

    The financial information will be released through a press release and on Boralex’s website on May 14, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 78GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.  

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com

    Source: Boralex inc.        

    The MIL Network –

  • MIL-OSI Global: If you really want to close the US trade deficit, try boosting innovation in rural manufacturing

    Source: The Conversation – USA – By Amitrajeet A. Batabyal, Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology

    President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and what it buys from it. He recently declared the issue a national emergency and used trade deficit data to calculate so-called “reciprocal tariffs” targeting nearly 100 countries. Although those specific tariffs are now on pause, Trump’s concern with the trade deficit persists.

    As an economist, I know there are two basic ways for a country to reduce a trade deficit: import less or export more. While Trump has focused on the former strategy, a more productive path may lie in the latter – especially by looking at untapped opportunities in rural America.

    Economists have long studied the differences between rural and urban regions. But while research shows that urban areas tend to be more technologically advanced, fast-growing and economically dynamic, economists have historically paid less attention to how regional differences affect export performance.

    New research is starting to fill that gap. Economists recently found that urban businesses export significantly more than rural ones – a difference with significant implications for national trade.

    The urban-rural export gap

    Looking at data from the Census Bureau’s Annual Business Survey as well as trade statistics from 2017 to 2020, researchers used econometric techniques to measure the urban-rural export gap. They also examined two categories of potential causes – “explained” and “unexplained.”

    The first is due to differences in what economists call “endowments” – for example, a region’s digital infrastructure, its access to renewable energy and its opportunities for high-tech employment. These endowments can be observed and therefore explained.

    The second is due to what economists call “structural advantage.” This refers to attributes of a region that matter for export performance but can’t be observed and, as a result, remain unexplained.

    They found that most of the urban-rural export gap is due to explained differences. That means rural businesses could close the export gap if they were provided with similar endowments – meaning comparable access to renewable energy, similar digital infrastructure and analogous opportunities for high-tech employment – to their urban counterparts.

    Even more strikingly, the unexplained component was negative – which means rural businesses outperform expectations given their characteristics. That suggests rural regions have significant untapped export potential.

    Several factors collectively account for the urban export advantage. First, urban regions have a greater concentration of highly educated science and technology workers. Urban businesses also tend to be larger and more tech-savvy, and because they have better access to broadband, they use cloud technology more frequently. Urban areas also have more foreign-born business owners who may leverage their international networks.

    However, many of these differences suggest possible policy solutions. For instance, since cloud adoption depends on broadband availability, it follows that investing in digital infrastructure could boost rural exports. Also, rural manufacturers, especially in sectors like metals manufacturing, show comparable or higher export intensity per worker than their urban counterparts. So encouraging rural manufacturing would be one way to reduce the urban-rural export gap.

    Rethinking trade and rural development

    I think this research has important policy implications.

    First, it shifts some of the focus away from other countries as the root cause of the trade deficit. And second, it bolsters the case for what economists call “place-based policies” targeting specific geographic areas – as opposed to “people-based policies,” which provide support directly to individuals.

    Even though many economists dislike place-based policies, they are increasingly attracting both academic and governmental attention.

    The 2022 CHIPS and Science Act had special significance to rural areas.

    During the Biden administration, three major laws – the Inflation Reduction Act, the CHIPS and Science Act and the Infrastructure Investment and Jobs Act – directed significant federal funds to rural areas. About 43% of funds from those laws – or US$440 billion – was designated as either “rural relevant” or as “rural stipulated,” meaning the funds were either geographically targeted or designed to address disproportionately rural challenges.

    Such massive investments in rural regions have led researchers and policymakers to question whether rural export underperformance stems from differences in observable endowments – in other words, things like access to broadband – or from inherent disadvantages that are much harder to deal with.

    In my view, this research provides compelling evidence that much of the urban-rural export gap is due to unequal distribution of productive assets, rather than inherent rural disadvantages. With appropriate investments in digital infrastructure, human capital and support for export-capable industries, America’s rural regions could play a much larger role in global trade. These findings also suggest the value of continued federal support for rural development efforts.

    In other words, if the U.S. wants to shrink its trade deficit, one answer could be more innovation in rural manufacturing.

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

    – ref. If you really want to close the US trade deficit, try boosting innovation in rural manufacturing – https://theconversation.com/if-you-really-want-to-close-the-us-trade-deficit-try-boosting-innovation-in-rural-manufacturing-255851

    MIL OSI – Global Reports –

  • MIL-OSI Global: Population explosions and declines are related to the stability of the economy and the environment

    Source: The Conversation – Canada – By Ken G. Drouillard, Professor, Great Lakes Institute for Environmental Research and Director of the School of the Environment, University of Windsor

    A country’s population is affected by, and in turn affects, environmental and economic issues. (Shutterstock)

    For 200 years, we’ve been warned of unchecked population growth and how it leads to environmental instability. On the other hand, today some countries face decreasing populations, alongside increasing proportions of elderly people, causing economic instability.

    These two facets of population crises — explosions and declines — are occurring in different parts of the world, and have a global impact on the environment and on economies. Discussions about achieving economic and environmental sustainability must consider population changes, technology and the environment, given these concepts are closely interwoven.

    Population explosions and declines are related to both environmental and economic instability; some countries make reactionary choices that trade off short-term domestic economic progress over the environment.

    The crisis of population explosions

    In 1798, English economist Thomas Malthus warned of a population explosion, inferring that population growth will outstrip agricultural production. Malthus’s ideas became re-popularized by American scientist Paul R. Ehrlich in his book published at the height of population growth in the 1960s. Both predicted that a population explosion would cause shortages in resources and escalating environmental damage.

    Like Malthus, Ehrlich was criticized for a crisis “that never happened” because human ingenuity, a byproduct of population, overcomes the worst fears of environmentalists. This counter-argument relies on technological advances making more efficient use of resources while lowering the environmental impacts.

    This is best exemplified by efficiency gains of agriculture that have continued to feed a growing world. Ehrlich’s predictions of cumulative environmental damage are best illustrated by the growing intensity of climate change and species loss as the global population continues to grow even though the current growth rate is slower than it was in the 1960s.

    A graph reflecting how population growth, species diversity and global temperature correlate over time.
    (K. Drouillard), CC BY

    Unified growth theory describes how economies change over the long term. It starts with a period of slow technological progress, low income growth and high population growth. Over time, these conditions give way to a modern growth phase, where technology improves quickly, income rises steadily and population growth slows as societies go through a demographic transition towards stable population sizes.

    Technological progress positively contributes to national economies over the long term. However, early adoption of green technology often relies on finance and government incentives that may imply short-term economic burdens. Yet when green technology is implemented and coupled to slowing population growth, it leads to decreasing national environmental footprints that pave a way towards joint environmental and economic sustainability.

    The crisis of population declines

    Declining populations cause inverted age pyramids with larger numbers of elderly people. These shifting demographics cause economic instability. They also constrain technological progress and social security.

    Population declines work against the gains described by unified growth theory. Presently, 63 countries have reached their peak population and 48 more are expected to peak within 30 years. Fears of population decline are also being forecast at the global scale.

    The global population is predicted to peak between the mid-2060s to 2100, stabilizing at 10.2 billion from its present 8.2 billion.

    In their book, Empty Planet, political scientist Darrell Bricker and political commentator John Ibbitson warn that zero population growth will happen even faster. They argue once a country decreases its fertility to below replacement (2.1 children per woman), the social reinforcements of increasing urbanization, costs of raising children and increased empowerment over family planning make it almost impossible to increase the birth rate.

    For highly affluent countries, the per capita GDP is decreasing as the proportion of elderly in the population increases. Although this pattern doesn’t hold when less affluent countries are added, the figure demonstrates tangible economic impacts for countries grappling with aging populations.

    A graph showing the percentage of elderly people in a country’s population, correlated with GDP and adjusted for inflation.
    (K. Drouillard), CC BY

    Simultaneous explosions and declines

    Affluent nations facing decline can react to economic instability in ways that counter global economic and environmental sustainability.

    In the past, affluent nations were the drivers of green technology. However, economic instability from population declines can cause reluctance to invest, adopt and share green technology crucial for mitigating environmental damage at the global scale.

    The issue is compounded by the fact that many countries overlook how their own decline in population growth contributes to economic instability. They instead focus on short-term solutions to their economic situation that may include unsustainable resource use.

    Left unaddressed, the real issue of population decline becomes unresolved, allowing social anxieties against immigration and global trade to grow. This can exacerbate the issue halting technology sharing, slowing economic growth and increasing economic inequality and environmental damage.

    The above is exemplified by policies now being implemented by the United States. Where immigration was previously used as a backstop against low fertility, growing cultural backlash to immigration pressures rooted in anxiety about economic uncertainties have generated new policies causing the deportation of millions of immigrants and closing borders. This will most likely accelerate a population decline in the U.S., as highlighted by a Congressional Budget Office report.

    At the same time, the U.S. is shifting its energy policy away from increased shares of renewable, green energy sources back to a focus on fossil fuels that will worsen climate damage.

    Climate damage costs are currently two per cent of global GDP, and may increase to between two to 21 per cent of some countries’ incomes by the end of the century. The growing applications of artificial intelligence (AI) and its high energy use will add to climate damage. AI may also contribute to the economic challenges related to population decline if it replaces, rather than supports, labour.

    Finally, tariff wars add new barriers against green technology sharing.

    Canada’s lowered immigration

    Canada, which already has a low fertility rate and is reacting to the U.S. trade war, has its own challenges. This year, immigration targets were decreased by 19 per cent. The lack of support for and subsequent removal of the carbon tax and possible extension of pipeline infrastructure could generate similar delays in the transition away from fossil fuels.



    Read more:
    Who really killed Canada’s carbon tax? Friends and foes alike

    In the most recent federal election, discussions about environmental policy were largely side-tracked by economic issues.

    Our research indicates that Canada and other affluent nations need to establish longer-term solutions to economic instabilities that mitigate environmental damage while promoting sustainable national and global economies.

    The United Nations Sustainable Development Goals offer pathways for economic, social and environmental sustainability. However, realizing these goals requires society to fully acknowledge the intertwined relationships between population growth, economy, environment and international technology-sharing in ways that transcend short-term national interests and reactionary policies.

    The past decade has seen strong momentum from social and natural sciences as well as international organizations, business and civil society. Unfortunately, the current climate of economic uncertainty is halting this progress — unless the public can force broader discussions about sustainable approaches back into the political sphere.

    Ken G. Drouillard receives funding from Natural Science and Engineering Research Council of Canada (NSERC), Canadian Water Agency, Environment and Climate Change Canada, St. Clair River Conservation Authority and North Shore of Lake Superior Remedial Action Plans.

    Claudio N. Verani receives/has received funding from the U.S. National Science Foundation (NSF), U.S. Department of Energy (DoE), Petroleum Research Fund (ACS-PRF), and the Natural Science and Engineering Research Council of Canada (NSERC).

    Marcelo Arbex has received funding from University of Windsor UW-SSHRC Explore.

    – ref. Population explosions and declines are related to the stability of the economy and the environment – https://theconversation.com/population-explosions-and-declines-are-related-to-the-stability-of-the-economy-and-the-environment-253302

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Stop Farage, vote for a better future

    Source: Scottish National Party

    This election in Hamilton, Larkhall and Stonehouse is an opportunity to stop Farage in Scotland.

    His Reform party is gaining support down south, but we can take the wind out of his sails with a victory here.

    The SNP is stepping in where Labour have let you down and, crucially, offering hope for a better future.

    The SNP is committed to ensuring that people receive the support they need by saving you money:

    • Free Prescriptions:We continue to make sure that no one in Scotland has to pay for essential medications.
    • Free Bus Travel:Including under-22s, those aged 60 and over, to travel for free, reducing the cost of getting out and about.
    • Universal Free School Meals for primary school children:A vital step to ease the pressure on family budgets and ensure all children in primary 1 to 5, regardless of their financial circumstances, are getting the nutrition they need.
    • Free Childcare: Offering 1,140 hours of free early learning and childcare to families for children aged 3- to 5-year-old, helping working parents save money.

    In Katy Loudon, you have an SNP candidate that will always be on Scotland’s side, putting your community first.

    MIL OSI United Kingdom –

  • MIL-OSI China: Nurturing overall cooperation between China, Latin America

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

    An aerial drone photo taken on March 12, 2024 shows the BYD battery factory in Manaus, capital of Amazonas state, Brazil. [Xinhua]

    Invoked by the 18th-century English writer Samuel Johnson, the phrase “From China to Peru” once conjured images of distant lands bound only by imagination. Today, it sketches a far more concrete arc — marked by shipping lanes, megaports and logistics corridors — linking China and Latin America across the Pacific.

    This transformation has gathered pace over the past decade, thanks in large part to the China-CELAC (Community of Latin American and Caribbean States) Forum, a cooperative mechanism launched under the aegis of Chinese President Xi Jinping. What Xi once described as “a young seedling” has since taken firm root.

    Ten years on, this mechanism has matured into a key platform for South-South collaboration that has drawn China and Latin America and the Caribbean (LAC) into a closer partnership across political, economic, cultural and other domains.

    The forum’s fourth ministerial meeting is set to take place on Tuesday in Beijing. Xi will address its opening ceremony and unveil new initiatives and measures to promote closer ties.

    Qiu Xiaoqi, the Chinese government’s special representative for Latin American affairs, said the upcoming meeting is expected to deliver a message of peace, development and cooperation amid global turbulence, charting a new chapter in China-LAC relations.

    TOP-LEVEL DESIGN

    China and countries in Latin America and the Caribbean are fellow developing nations that hold common political aspirations, face similar development tasks, and can benefit from complementary economic strengths.

    Spanning one-fifth of the world’s land area and accounting for a quarter of the global population and economy, China and the LAC combined represent one of the most dynamic and promising regions on the planet.

    “Our shared aspiration for independence, development and rejuvenation has brought us closer together,” Xi said.

    Since the turn of the century, ties between the two sides have grown rapidly. Both sides realized they needed something more than the traditional one-on-one tango — a broader framework for cooperation.

    During the CELAC summit in Cuba in early 2014, Latin American and Caribbean leaders expressed support for such a framework. Xi welcomed the move, saying that “the time is ripe.”

    In July 2014, Xi flew half the globe for his second visit to the region as head of state. He was heading for a BRICS summit in Brazil, state visits to some countries in the region, and a historic moment — the first meeting between leaders of China and Latin America and the Caribbean.

    In the Brazilian capital Brasilia, the leaders announced the establishment of the China-CELAC Forum, an institutional framework to advance the vision of building a China-LAC community with a shared future.

    At the meeting, Xi laid out the guiding principles for this comprehensive cooperative partnership — equality, mutual benefit and common development. Backing his proposal was a roadmap driven by trade, investment and finance.

    Six months later, the inaugural ministerial meeting of the forum was held in Beijing, turning the vision of an overall cooperation platform covering China and all 33 countries in Latin America and the Caribbean into reality.

    Observers said this marked a new phase of China-LAC ties, where China’s cooperation with the region as a whole complements and strengthens its bilateral relations with individual regional countries.

    Xi proposed principles for the forum’s growth — equal partnership, shared wins, flexibility and pragmatism, and openness and inclusivity.

    Comparing it to a seedling just breaking through the soil, he said that “the forum needs the dedication and cultivation of both sides for it to grow bigger and stronger.”

    In the decade that has followed, Xi has provided consistent support to nurture this forum. At each of the three previous ministerial meetings, he offered clear guidance that helped shape the forum’s development at key moments in its evolution.

    Under the guidance of Xi and his Latin American and Caribbean counterparts, the forum now hosts a constellation of institutional interactions such as ministerial meetings, dialogues among foreign ministers, coordinators’ meetings, and a growing number of specialized sub-forums ranging from digital technology to poverty reduction.

    Chai Yu, director of the Institute of Latin American Studies at the Chinese Academy of Social Sciences, said Xi has led by example in advancing the forum’s development, which is key to deepening political trust and building consensus on cooperation.

    COMMON DEVELOPMENT

    Chancay, a modest city on the Peruvian coast, has been transformed into a megaport equipped with towering cranes and unmanned trucks.

    Last November, Xi and his Peruvian counterpart Dina Boluarte inaugurated the port via video link from the capital Lima, marking the launch of South America’s first smart port.

    Built in just three years through Chinese-Peruvian collaboration, the port shortens the shipping time across the Pacific by nearly one-third, reduces logistics costs by 20 percent, and is expected to create over 8,000 direct jobs.

    Boluarte lauded the project as a bold stride toward “deeper integration and shared prosperity with China” and “a gateway opening Latin America to the vibrant promise of the Asia-Pacific.”

    Chancay’s story is the latest episode in the booming cooperation under the China-CELAC Forum. Across the region, more than 200 Chinese infrastructure projects have been launched — generating over 1 million jobs.

    In Brazil, an ultra-high-voltage transmission project has overcome challenges in delivering clean hydropower over vast distances from the Amazon. In Jamaica, a Chinese-built highway has cut cross-island travel time by more than half, while in Bolivia, satellite collaboration has enabled free television access for half a million households.

    Visitors learn about coffee beans at the booth of Honduras at the 6th China International Import Expo (CIIE) in east China’s Shanghai, Nov. 6, 2023. [Xinhua]

    Numbers tell a compelling story. Trade between China and the region reached 518.4 billion U.S. dollars in 2024, doubling the figure recorded a decade ago. By 2023, Chinese investment in the region had exceeded 600 billion dollars. These figures have exceeded the goals announced by Xi when he and Latin American and Caribbean leaders met in 2014 to plan for closer cooperation.

    As the second-largest trading partner of Latin America and the Caribbean, China now has more free trade agreements in the region than anywhere outside Asia.

    One such deal with Chile has turned premium cherries into a symbol of thriving cross-Pacific commerce. In 2024, Chile’s cherry exports surged 51.4 percent to 3.57 billion dollars — with over 90 percent going to China.

    “The Chinese market has created a positive ripple effect in Chile, generating jobs across the supply chain, from harvesting to packaging,” said Hernan Garces Gazmuri, a Chilean cherry producer who moved his family to Shanghai for greater business opportunities.

    As Pavel Aleman, a Cuban scholar from the University of Havana, pointed out, China-LAC cooperation is mutually beneficial in essence, with China’s economic vitality fueling Latin America’s development, while the region plays a vital role in supporting China’s continued growth.

    “Deeper cooperation between the two sides can help offset the impact of tariff barriers and effectively counter global risks,” he said.

    Xi’s signature Belt and Road Initiative (BRI) has brought China into closer partnership with countries across the vast Pacific. To date, more than 20 countries in the region have joined the Belt and Road cooperation framework, and 10 countries have signed cooperation plans with China under the initiative.

    Xi once described Latin America as a natural extension of the 21st Century Maritime Silk Road — an essential pillar of the BRI. He emphasized China’s commitment to strengthening cooperation with the region, aligning development strategies and promoting shared growth.

    “As we roll out the blueprint for the BRI, we strive to forge a route of cooperation across the Pacific, in order to draw closer the two lands of abundance of China and Latin America and the Caribbean,” Xi said in his congratulatory message to the second ministerial meeting of the China-CELAC Forum.

    Beyond trade and investment, collaboration between China and this region has also deepened in the fields of science, technology and environmental protection. China has supported joint Earth-resource satellite programs with Brazil, contributing to efforts aimed at curbing deforestation and preserving biodiversity in the Amazon.

    Xi said China and Latin America and the Caribbean should promote joint development to contribute to strong, sustainable, balanced and inclusive growth of the global economy.

    HEART-TO-HEART CONNECTIONS

    Xi has long believed that strong state-to-state relations are built on people-to-people connections. Over his six trips to the region as head of state, he made a point of engaging with everyday people despite tight schedules.

    In Costa Rica, Xi visited the home of a coffee grower who showed him around his house and plantation. Over a cup of coffee, Xi chatted with the family and shared that he, too, had rural beginnings — having spent years working the land in his youth.

    A girl learns Chinese calligraphy at the 4th edition of the Chinese New Year cultural festival at the National Arts Center in Mexico City, capital of Mexico, Jan. 25, 2025. [Xinhua]

    His engagement has ignited vibrant people-to-people exchanges, with cultural festivals, youth projects and journalist initiatives flourishing under the China-CELAC Forum.

    To date, China has provided the region with 17,000 government scholarships and 13,000 training opportunities. It has signed 26 educational cooperation agreements or memoranda of understanding with 19 countries and established 68 Confucius Institutes or Confucius Classrooms in the region.

    Connections between China and the region have also been strengthened through practical measures — such as the launch of new direct air routes and the inclusion of more Latin American countries in China’s 240-hour visa-free transit program.

    As many countries in the region now officially celebrate the Chinese New Year, a growing number of Chinese travelers have headed to Latin America in recent years — some for business, others as tourists drawn by the region’s stunning landscapes and rich cultural diversity.

    These efforts have brought China and the region closer than ever, said Qiu, the Chinese government’s special representative for Latin American affairs.

    Both China and Latin America are home to ancient histories and flourishing civilizations. For Xi, civilizations grow richer and more colorful through exchanges and mutual learning.

    In 2013, at Mexico’s Chichen Itza, Xi explored ancient Maya ruins with archaeologist Jose Huchim Herrera. Amid stepped pyramids and temples, he inquired about the features of the ruins, such as the meaning of carved reliefs.

    His questions revealed a deep curiosity about the host civilization, said Huchim Herrera.

    In a signed article published last November ahead of his visit to Peru, Xi highlighted a cultural connection by pointing out the resemblance between the Incan gold masks unearthed in Peru and those discovered at the Sanxingdui archaeological site in southwest China’s Sichuan Province.

    That same month, a joint exhibition in the ancient city of Cusco showcased dazzling gold artifacts, bronze statues, jade treasures and wooden relics from Sichuan’s Sanxingdui and Jinsha sites, captivating nearly 10,000 Peruvian visitors.

    Daniel Grimaldi, executive director of the think tank Chile 21, praised exchanges between Chinese and Latin American civilizations for opening new channels of communication. Such interactions, he said, strengthen ties through mutual respect and open dialogue, while supporting both sides on their shared journey toward modernization.

    As Xi has said, in a globalization and information age, the Pacific is no barrier but rather a bond and a bridge. 

    MIL OSI China News –

  • MIL-OSI: Orbit International Corp. Reports 2025 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    First Quarter 2025 Net Loss of $2,152,000 ($0.65 loss per share) v. Net Loss of $751,000 ($0.22 loss per share) in Prior Year Comparable Period

    First Quarter 2025 EBITDA, as adjusted, was a loss of $1,949,000 ($0.59 loss per share) v. loss of $551,000 ($0.16 loss per share) in Prior Year Comparable Period

    Backlog at March 31, 2025 was $13.3 million compared to $12.0 million at December 31, 2024

    HAUPPAUGE, N.Y., May 12, 2025 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) today announced results for the first quarter ended March 31, 2025.

    First Quarter 2025 vs. First Quarter 2024

    • Net sales were $4,726,000, as compared to $6,175,000.
    • Gross margin was 12.4%, as compared to 30.8%.
    • Net loss was $2,152,000 ($0.65 loss per share), as compared to a net loss of $751,000 ($0.22 loss per share).
    • Earnings before interest, taxes, depreciation and amortization, fair value adjustment on contingent liabilities and other non-current liability, and stock-based compensation (EBITDA, as adjusted) was a loss of $1,949,000 ($0.59 loss per share), as compared to a loss of $551,000 ($0.16 loss per share).
    • Backlog at March 31, 2025 was $13.3 million compared to $12.0 million at December 31, 2024.

    Mitchell Binder, President and CEO of Orbit International commented, “The first quarter for 2025 was a very challenging quarter for our Company. Our net loss for the three months ended March 31, 2025, was $2,152,000 ($0.65 loss per share) compared to a net loss of $751,000 ($0.22 loss per share) for the prior comparable period. EBITDA, as adjusted, for the three months ended March 31, 2025, was a loss of $1,949,000 ($0.59 loss per share) compared to a loss of $551,000 ($0.16 loss per share) in the prior comparable period. Our current first quarter operating results were negatively affected by significantly lower sales incurred by our Orbit Electronics Group (“OEG”) inclusive of our Simulator Product Solutions LLC (“SPS”) subsidiary. In particular, we incurred an operating loss at our Orbit Instrument division due to a gap in our delivery schedules. Our Orbit Instrument division has historically been our best performing operating unit with strong operating leverage. However, it was adversely affected by contract delays in the second half of 2024 and a temporary pause in certain production contracts as our engineering team worked with our customers for next generation enhancements. The Orbit Power Group (“OPG”), which makes up the remainder of our legacy business, recorded operating income that was relatively flat for the first quarter.

    Binder added, “Operating results for SPS were adversely impacted by lower sales during the quarter as a consequence of reduced bookings in the second half of 2024 due to contract delays that were eventually awarded in 2025. Bookings were also negatively affected by ongoing opportunities that have not yet finalized in 2025 and certain lost opportunities, primarily due to lack of funding or our customer losing awards to competitors. Bookings for SPS in 2025 have since improved from the second half of 2024. In addition, aside from certain costs mentioned above, general and administrative costs at SPS, in general, have stabilized. We had incurred significant infrastructure costs in 2023 and 2024 in order to support SPS’ sales increase since the Company’s acquisition of the SPS business in 2022. At the time of the SPS acquisition, we anticipated the need to invest in infrastructure and internal controls in order to bring SPS up to the standards of a public company. We believe that our cost structure at SPS is now aligned to support our growth.”

    Binder noted, “Operating results for SPS were also burdened by more than $200,000 ($0.06 loss per share) of expenses incurred by SPS for fees paid to an outside engineering firm in order to modify legacy drawings, along with bill of material part identification, that was developed prior to the acquisition, as well as legal fees incurred in connection with the litigation associated with the termination of the former President of SPS.”

    Mr. Binder added, “Our sales for the three months ended March 31, 2025, decreased significantly to $4,726,000 compared to $6,175,000 from the prior comparable period. This decrease in sales was primarily attributable to lower sales at our OEG and despite higher sales at our OPG. As previously mentioned, the lower sales at our OEG were attributable to lower bookings in the second half of 2024 due primarily to contract delays which is an inherent risk in contracting with the U.S. government and its prime contractors.”

    Mr. Binder further added, “Our gross margin for the three months ended March 31, 2025, decreased to 12.4% compared to 30.8% in the prior year comparable period. The decrease in gross margin during the three months ended March 31, 2025, was attributable to a significantly lower gross margin at our OEG due to decreased sales resulting in a higher percentage attributable to overhead and other fixed costs; and a slightly lower OPG gross margin due to product mix and despite slightly higher sales.”

    Mr. Binder added, “For the three months ended March 31, 2025, selling, general and administrative expenses were $2,717,000, compared to $2,643,000, an increase of $74,000, primarily due to higher expenses from SPS and slightly higher corporate expenses. The increase in selling, general and administrative expenses at SPS increased principally due to more than $200,000 of expenses incurred for (i) an outside engineering firm engaged to modify legacy drawings as well as bill of material part identification that was developed prior to the acquisition and (ii) legal fees incurred in connection with the litigation associated with the termination of the former President of SPS. The engineering firm was needed in order to conform drawing documentation to the actual manufacturing procedures to build the product as well as to comply with inventory internal controls. This was in addition to over $200,000 in engineering fees that were incurred in the fourth quarter of 2024. The increase in corporate expenses was primarily due to (i) all audit fees for our 2024 audit being billed in the first quarter of 2025 whereas prior years audit fees were distributed during all the quarters and (2) slightly increased payroll costs. Selling, general and administrative expenses at our OEG (exclusive of SPS), and our OPG did not materially change. We expect that the outside engineering fees at SPS will decrease significantly, beginning the second quarter of 2025 and corporate expenses should also decrease beginning the second quarter due to the absence of any audit fees for the remainder of the year.”

    Mr. Binder continued, “Backlog at March 31, 2025, was approximately $13,300,000 compared to approximately $12,000,000 at December 31, 2024, an increase of approximately 10.8%. This increase in backlog is reflective of a general increase in bookings from our OEG, inclusive of SPS and despite a decrease in bookings from our OPG during the quarter. In 2024, for our OPG, bookings for our VPX power supplies increased by 91.5% over the prior comparable period and represented the highest amount of VPX bookings in any previous calendar year. We are hopeful that the momentum of continued bookings for our VPX power supplies will continue in 2025. Bookings for our OEG, inclusive of SPS, improved in the first quarter of 2025 and are expected to continue to improve, as many anticipated follow-on awards expected in the second half of 2024 were delayed, resulting in a poor second half of bookings for the segment. Some of these orders were received in the first quarter of 2025 and are now expected to continue to be received in the first half of 2025. Contract delays are an inherent part of doing business with the U.S. Government.”

    David Goldman, Chief Financial Officer, noted, “At March 31, 2025, our cash and cash equivalents aggregated approximately $0.7 million and our financial condition continued to remain solid as evidenced by our 2.5 to 1 current ratio. We have access to a $4,000,000 line of credit (“LOC”) with our bank and have borrowed $900,000 under the LOC as of March 31, 2025. Our book value per share at March 31, 2025 was $4.69, which compares to $5.34 at December 31, 2024 and $5.54 at December 31, 2023. (Note: book value per share does not include any additional value for our partially reserved deferred tax asset.) To offset future federal and state taxes resulting from profits, we have approximately $2.4 million and $0.4 million in available federal and New York State net operating loss carryforwards, respectively.”

    Mr. Binder added, “Because our revenues are tied to delivery schedules specified in our contracts, it is often difficult to judge our performance on a quarterly basis. Our operating results for the three months ended March 31, 2025 resulted from weak bookings in the second half of 2024 that emanated from contract delays that led to a significant gap in first quarter delivery schedules. Some of these contracts were awarded in the first quarter and some represent ongoing opportunities that we have not yet finalized with our customer. We reported at year end that these contract delays would adversely affect our operating performance in the first half of 2025. Although, we expect an improvement in the second quarter operating results, we expect the results to still be somewhat affected by the 2024 contract delays. Because of the improved bookings in the first quarter and our expectation of improved bookings throughout our operating units and barring unforeseen delays, we expect these awards to fill in our delivery schedules and lead to an improvement to operating results in the second half of 2025.”

    Mr. Binder concluded, “We continue to evaluate the impact of tariff announcements and are evaluating their impact on the cost of our products and, in particular, our VPX power supplies, which recorded significant sales growth in 2024 and is expected to be the driver of the growth of our OPG in the future. We are addressing the tariffs in a number of ways, including a pass through to our customers, adjusting our pricing, negotiating with our vendors or seeking out alternative sources. We’ve been proactive in moving certain of our foreign vendors to countries that are not expected to be materially affected by tariffs.”

    Orbit International Corp., through its Electronics Group, is involved in the development and manufacture of custom electronic device and subsystem solutions for military, industrial and commercial applications through its production facilities in Hauppauge, New York and Carson, CA. Orbit’s Power Group, also located in Hauppauge, NY, designs and manufactures a wide array of power products including AC power supplies, frequency converters, inverters, VME/VPX power supplies as well as various COTS power sources.

    Certain matters discussed in this news release and oral statements made from time to time by representatives of the Company including, statements regarding our expectations of Orbit’s operating plans, deliveries under contracts and strategies generally; statements regarding our expectations of the performance of our business; expectations regarding costs and revenues, future operating results, additional orders, future business opportunities and continued growth, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although Orbit believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

    Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond Orbit International’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact Orbit International and the statements contained in this news release can be found in Orbit’s reports posted with the OTC Disclosure and News service. For forward-looking statements in this news release, Orbit claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

    CONTACT   
    David Goldman 
    Chief Financial Officer 
    631-435-8300 

    (See Accompanying Tables)

     
    Orbit International Corp.
    Consolidated Statements of Operations
    (in thousands, except per share data)
    (unaudited)
     
        Three Months Ended
    March 31,
    (unaudited)
          2025       2024  
             
    Net sales   $ 4,726     $ 6,175  
             
    Cost of sales     4,138       4,275  
             
    Gross profit     588       1,900  
             
    Selling general and administrative expenses     2,717       2,643  
             
    Interest expense     19       5  
             
    Other (income) expense, net     (7 )     (14 )
             
    Loss before income taxes     (2,141 )     (734 )
             
    Income tax provision     11       17  
             
    Net loss   $ (2,152 )   $ ( 751 )
             
             
    Basic loss per share   $ (0.65 )   $ (0.22 )
             
    Diluted loss per share   $ (0.65 )   $ (0.22 )
             
    Weighted average number of shares outstanding:        
    Basic     3,327       3,343  
    Diluted     3,327       3,343  
             
     
    Orbit International Corp.
    Consolidated Statements of Operations
    (in thousands, except per share data)
    (unaudited)
     
     
        Three Months Ended
    March 31,
          2025       2024  
             
    EBITDA (as adjusted) Reconciliation        
    Net loss   $ (2,152 )   $ (751 )
    Income tax expense     11       17  
    Depreciation and amortization     170       165  
    Interest expense     19       5  
    Fair value adj-contingent liabilities & other non-current liability    

    –

    		      

    10

    		  
    Stock-based compensation     3       3  
    EBITDA (as adjusted) (1)   $ (1,949 )   $ (551 )
             
    EBITDA (as adjusted) Per Diluted Share Reconciliation        
    Net loss   $ ( 0.65 )   $ (0.22 )
    Income tax expense     0.00       0.01  
    Depreciation and amortization     0.05       0.05  
    Interest expense     0.01       0.00  
    Fair value adj-contingent liabilities & other non-current liability    

    0.00

    		      

    0.00

    		  
    Stock-based compensation     0.00       0.00  
    EBITDA (as adjusted) per diluted share (1)   $ (0.59 )   $ (0.16 )

    (1) The EBITDA (as adjusted) tables presented are not determined in accordance with accounting principles generally accepted in the United States of America. Management uses EBITDA (as adjusted) to evaluate the operating performance of its business. It is also used, at times, by some investors, securities analysts and others to evaluate companies and make informed business decisions. EBITDA (as adjusted) is also a useful indicator of the income generated to service debt. EBITDA (as adjusted) is not a complete measure of an entity’s profitability because it does not include costs and expenses for interest, depreciation and amortization, income taxes, fair value adj.-contingent liabilities and other non-current liability and stock-based compensation. EBITDA (as adjusted) as presented herein may not be comparable to similarly named measures reported by other companies.

        Three Months Ended
    March 31,
    Reconciliation of EBITDA, as adjusted,
    to cash flows provided by (used in) operating activities (1)    		    

                  2025

    		      

    2024

    		  
                     
    EBITDA (as adjusted)   $ (1,949 )   $ (551 )
    Income tax expense     (11 )     (17 )
    Interest expense     (19 )     (5 )
    Fair value adj-contingent liabilities and other non-current liability     –       (10 )
    Stock-based compensation     7       7  
    Net change in operating assets and liabilities     1,353       1,230  
    Cash flows (used in) provided by operating activities   $ ( 619 )   $ 654  
     
    Orbit International Corp.
    Consolidated Balance Sheets
     
      March 31, 2025
    (unaudited)    		   December 31, 2024
    ASSETS      
    Current assets:      
    Cash and cash equivalents $ 696,000     $ 1,355,000  
    Accounts receivable, less allowance for credit losses   2,152,000       3,935,000  
    Inventories   9,068,000       8,884,000  
    Contract assets   1,029,000       643,000  
    Other current assets   376,000       428,000  
           
    Total current assets   13,321,000       15,245,000  
           
    Property and equipment, net   1,147,000       1,192,000  
    Right of use assets, operating leases   2,122,000       2,297,000  
    Right of use assets, financing leases   67,000       77,000  
    Goodwill   3,515,000       3,515,000  
    Intangible assets, net
    Deferred tax asset    		   2,262,000
    100,000    		       2,322,000
    100,000    		  
    Other assets   52,000       53,000  
           
    Total assets $ 22,586,000     $ 24,801,000  
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities:      
    Accounts payable $ 1,000,000     $ 878,000  
    Accrued expenses   975,000       990,000  
    Notes payable   86,000       99,000  
    Lease liabilities, operating leases   716,000       717,000  
    Lease liabilities, financing leases   39,000       38,000  
    Contingent liability   1,362,000       1,362,000  
    Line of credit   900,000       850,000  
    Customer advances   282,000       296,000  
           
    Total current liabilities   5,360,000       5,230,000  
           
    Notes payable, net of current portion   69,000       83,000  
    Lease liabilities, operating leases   1,498,000       1,678,000  
    Lease liabilities, financing leases   31,000       41,000  
           
    Total liabilities   6,958,000       7,032,000  
           
    Stockholders’ Equity      
    Common stock   352,000       351,000  
    Additional paid-in capital   17,181,000       17,171,000  
    Treasury stock   (1,224,000 )     (1,224,000  
    Retained earnings (accumulated deficit)   (681,000 )     1,471,000  
           
    Stockholders’ equity   15,628,000       17,769,000  
           
    Total liabilities and stockholders’ equity $ 22,586,000     $ 24,801,000  

    The MIL Network –

  • MIL-OSI: Healthcare Diagnostics Sector Witnessing Significant Growth in Artificial Intelligence Based Technologies

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 12, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial Intelligence (AI) is becoming more essential in the medical markets every day, it seems. AI algorithms have demonstrated the capability to analyze vast amounts of medical data, including patient records and genetic information. This efficiency allows healthcare professionals to diagnose conditions more quickly and accurately, leading to better patient outcomes. AI-powered diagnostic tools can detect subtle patterns and indicators of diseases; this offers early detection and further works on early prevention of diseases. AI systems also help in assisting healthcare professionals with valuable tools, all these factors that offer improved diagnosis process act as a driver for the market’s growth. A report from MarketsAndMarkets projected that the global AI in medical diagnostics market is forecasted to grow at a robust CAGR of 22.5%, reaching US$1.71 billion in 2024 and an impressive US$4.72 billion by 2029. The report said: “Government initiatives towards increasing Al-based technologies, access to finance for Al-based startups, big data influx, and growing cross-industry alliances and collaborations are key drivers of this market’s growth. Growth in the AI in medical diagnostics market is primarily driven by the growing demand for AI tools, increasing focus on reducing the workload of radiologists, influx of large & complex datasets, funding for AI based startups, and growing cross-industry partnerships & collaborations.” Active healthcare/tech companies active in the markets include: Avant Technologies Inc. (OTCQB: AVAI), Tempus AI, Inc. (NASDAQ: TEM), Predictive Oncology Inc. (NASDAQ: POAI), Teladoc Health, Inc. (NYSE: TDOC), GE HealthCare (NASDAQ: GEHC).

    MarketsAndMarkets continued: “Emerging countries and the increasing focus on developing human-aware AI systems are expected to offer growth opportunities in the coming years. The European AI in medical diagnostics market is projected to reach USD 4,719.3 Million by 2029 growing at a CAGR of 22.5% during the forecast period. The diagnostics sector has seen a significant growth in demand for Al-based technologies over time due to their enormous potential in medical image diagnosis. Among the benefits are enhanced imaging triage and clinical decision assistance, quicker diagnostic image analysis, and effective interpretation of the smallest data that radiologists frequently overlook. With the help of these tools, radiologists may concentrate on improving patient care rather than image interpretation. In recent years, North America held the most market share in this industry. The lack of radiologists, the rise in chronic illnesses, improved research on the ethical application of AI in diagnostic tools, and study financing are some of the factors propelling the regional market’s expansion.”

    Avant Technologies, Inc. (OTCQB: AVAI) and Ainnova Tech Begin Acquisition Talks Ahead of FDA Pre-Submission Meeting – Avant Technologies, Inc. (“Avant” or the “Company”), and its JV partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced the companies and their advisors have entered into negotiations for an acquisition to better compete in the rapidly changing global AI-driven healthcare industry.

    Six months ago, the two companies formed Ai-nova Acquisition Corp. (AAC) to advance and commercialize Ainnova’s technology portfolio, including its Vision AI platform and its versatile retinal cameras. During that time, the two companies completed further due diligence and focused on an opportunity to work together as one company. The Board of Directors and management team of Avant remain fully committed to executing the Company’s strategic plan, which is focused on enhancing long-term value. Leadership at Avant expects the negotiations to move forward with an acquisition of Ainnova.

    Both Avant and Ainnova agree that the time is now to solidify the relationship and move forward as one entity prior to the Company’s pre-submission meeting with the U.S. Food and Drug Administration in July for the planned clinical trial of its Vision AI platform in the early detection of diabetic retinopathy.

    Vinicio Vargas, Chief Executive Officer at Ainnova and a member of the Board of Directors of Ai-nova Acquisition Corp., said of the negotiations, “We believe bringing the two companies together will offer tremendous value for shareholders, it will simplify the process of advancing our technology to market, and it will deliver value to our customers and partners as we promote our technology portfolio globally.

    We feel the joint venture has been a success and both companies have worked well together toward a common goal, so we believe that we can be even more successful and use our resources more effectively as one company to further AI in healthcare.”

    Currently, AAC has the worldwide licensing rights for Ainnova’s technology portfolio. The licensing rights include the U.S., where the FDA regulates drug and medical device development, so both companies expect that an acquisition will unlock growth opportunities and drive sustained performance as both entities plan to interact with the FDA in July for an upcoming clinical trial working even more closely together under one banner.

    Vargas continued, “The success of our interactions with the FDA are crucial to our success in the clinic and eventually the success of marketing our technology portfolio in the United States and around the world. Entering the U.S. market will unlock significant commercial potential, and this early engagement with the FDA ensures that we can do so with speed, credibility, and a validated product.” CONTINUED… Read this and more news for Avant Technologies at: https://www.financialnewsmedia.com/news-avai/

    In other developments and happenings in the tech markets recently include:

    Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, has recently announced the launch of Notetaker, an AI-powered clinical assistant to aid psychiatrists in generating progress notes. Notetaker, which is available in Tempus Hub, ambiently records patient sessions to generate transcripts and clinical notes that can be seamlessly stored in patients’ electronic health records.

    Notetaker complements Tempus’ existing mental health platform designed to support clinicians in delivering personalized care. It joins other precision medicine solutions, including the Tempus nP pharmacogenomic test and PRO™, the company’s patient reported outcome solution.

    “We are excited to enhance our mental health platform with Notetaker, a tool built by clinicians, for clinicians, and thoughtfully designed to meet the unique demands of psychiatric care,” said Dr. Muneer Ali, Senior Director of Medical Affairs, Neurology and Psychiatry, at Tempus. “Notetaker eases the burden of clinical documentation, helping providers reclaim their time and streamline their workflow so they can focus on what matters most: their patients.”

    Teladoc Health, Inc. (NYSE: TDOC), the global leader in virtual care, recently announced it has acquired UpLift, an innovative and tech-enabled provider of virtual mental health therapy, psychiatry and medication management services.

    The acquisition supports the company’s strategy to further enhance its leadership position in virtual mental health, including the ability for consumers served by its BetterHelp segment to access benefits coverage for mental health services. UpLift serves the health plan market and has arrangements covering over 100 million lives, a network of over 1,500 mental health professionals, important capabilities and a talented team.

    GE HealthCare (NASDAQ: GEHC) recently announced an intended expansion of its radiation oncology portfolio as well as the introduction of the new AI-enabled MR Contour DL™ at the European Society for Therapeutic Radiology and Oncology (ESTRO) 2025 Congress in Vienna, Austria. The company will also showcase its updated Intelligent Radiation Therapy (iRT), a software solution that standardizes complex workflows, helping to enable a shorter timeline from diagnosis to treatment and more precise radiation therapy.

    According to the World Health Organization (WHO), cancer continues to be a leading cause of death worldwide, accounting for nearly ten million deaths per year. However, it is estimated that approximately one-third of these lives could be saved if cancer is detected and treated early. GE HealthCare’s solutions featured at ESTRO aim to empower healthcare professionals with advanced tools and technologies to deliver more precise care, improve timeliness and efficiency, and enhance patient outcomes.

    Renovaro Biosciences Inc., a TechBio leader focused on next-generation diagnostics, drug discovery, and genetically enhanced cancer therapies, recently provided an update regarding its Definitive Agreement with Predictive Oncology Predictive Oncology, Inc. (NASDAQ: POAI) to initiate the previously announced integration of AI/ML platform technologies, core laboratory capabilities and business development efforts in Europe and the United States.

    Renovaro entered into a binding merger agreement with Predictive Oncology, Inc. (“POI”) dated January 1, 2025, and supplemented with the Extension Agreement dated February 28, 2025 (collectively, the “Binding Agreements”). On April 3, 2025, Renovaro received an email from POI terminating the merger transaction. Renovaro’s position is that POI must comply with the binding obligations thereunder and enter into an exclusive License Agreement as required in each of the Binding Agreements. Renovaro notes that POI is in breach of the Binding Agreements and has caused substantial damage to Renovaro for which it will seek redress. Failure to enter into an exclusive License Agreement on the terms set forth in the Binding Agreement on or before April 10, 2025, will cause Renovaro to seek all its legal remedies to recover all its damages and/or seek additional remedies to fully redress the breaches.

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    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI Russia: Joint Statement on the High-Level China-US Trade and Economic Talks in Geneva

    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

    GENEVA, May 12 (Xinhua) — China and the United States on Monday issued a joint statement following high-level China-U.S. talks on economic and trade issues in Geneva.

    The full text of the joint statement follows:

    Joint Statement on the High-Level China-US Trade and Economic Talks in Geneva

    The Government of the People’s Republic of China (hereinafter referred to as China) and the Government of the United States of America (hereinafter referred to as the United States), recognizing the importance of their bilateral economic and trade relations to both countries and the global economy, recognizing the importance of sustainable, long-term, and mutually beneficial economic and trade relations, reviewing their recent discussions and believing that continued discussions have the potential to resolve each side’s concerns in their economic and trade relations, moving forward in the spirit of mutual openness, continuous communication, cooperation, and mutual respect, commit to take the following actions by May 14, 2025:

    The United States shall modify the application of the additional ad valorem rate of duty on goods from China (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) imposed by Executive Order 14257 on April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while maintaining the remainder of the ad valorem rate of 10 percent on those goods in accordance with the terms of that Executive Order. The United States shall terminate the modified additional ad valorem rates of duty on those goods imposed by Executive Order 14259 on April 8, 2025, and by Executive Order 14266 on April 9, 2025.

    China shall accordingly modify the application of the additional ad valorem duty rate on United States goods set out in the No. 4 Notice of the Customs Tariff Committee of the State Council in 2025 by suspending the application of 24 percentage points of that duty rate for an initial period of 90 days, while maintaining the remaining additional ad valorem duty rate of 10 percent on those goods. China shall abolish the modified additional ad valorem duty rates on those goods imposed by the No. 5 Notice of the Customs Tariff Committee of the State Council and the No. 6 Notice of the Customs Tariff Committee of the State Council in 2025, and shall take all necessary administrative measures to suspend or cancel the non-tariff countermeasures taken against the United States on or after April 2, 2025.

    Following the above actions, the Parties shall establish a mechanism to continue discussions on economic and trade relations. The Chinese side will be represented at these talks by He Lifeng, Vice Premier of the State Council of the People’s Republic of China, and the American side will be represented by Scott Bessent, U.S. Secretary of the Treasury, and Jamieson Greer, U.S. Trade Representative. Such discussions may be held alternately in China and the United States, or in a third country with the consent of the Parties. If necessary, the Parties may hold working-level consultations on relevant economic and trade issues. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China, US announce measures to ease tariff tensions

    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

    GENEVA, May 12 (Xinhua) — China and the United States on Monday announced a series of tariff adjustment measures aimed at easing trade tensions between the world’s two largest economies.

    The decision followed a two-day high-level economic and trade meeting between China and the United States. A joint statement released following the meeting said both sides recognized the importance of bilateral economic and trade relations for themselves and for the global economy. They also stressed the importance of sustainable, long-term, and mutually beneficial economic and trade relations.

    The statement said the United States will modify the application of the additional ad valorem duty rate on goods from China (including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) imposed by the order on April 2, 2025, by suspending the application of 24 percentage points of that rate for an initial period of 90 days, while maintaining the remainder of the ad valorem rate of 10 percent on those goods. The United States will also eliminate the modified additional ad valorem duty rates on those goods imposed on April 8 and 9, respectively.

    Under Executive Order 14259, issued by the White House on April 8, the United States raised the “equivalent” tariff rate on China to 84 percent. A day later, the White House raised the rate to 125 percent in another executive order.

    According to the statement, China will accordingly change the application of the additional ad valorem rate of duty on goods from the United States set out in the No. 4 Notice of the Customs Tariff Committee of the State Council in 2025, suspending the application of 24 percentage points of this rate for an initial period of 90 days, while maintaining the remaining additional ad valorem rate of 10 percent on these goods.

    China shall also eliminate the modified additional ad valorem duties on these products imposed by the 5th Notice of the Customs Tariff Committee of the State Council in 2025 and the 6th Notice of the Customs Tariff Committee of the State Council in 2025, and shall take all necessary administrative measures to suspend or eliminate the non-tariff countermeasures taken against the United States on or after April 2, 2025.

    Both parties undertake to take these actions by May 14, 2025.

    After the above actions are completed, the two sides will establish a mechanism to continue discussions on economic and trade relations. Such discussions may be held alternately in China and the United States or in a third country by mutual agreement, the statement said. –0–

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Chris Sun attends APEC meeting

    Source: Hong Kong Information Services

    Secretary for Labour & Welfare Chris Sun today attended the Seventh Asia-Pacific Economic Cooperation (APEC) Human Resources Development Ministerial Meeting (HRDMM) in Jeju, South Korea, delivering speeches at two plenaries.

     

    Adopting the theme “Sustainable Labour Markets and Jobs for the Future”, the HRDMM is aimed at promoting reforms to facilitate a flexible, inclusive, and resilient labour market.

     

    In a keynote speech at this morning’s plenary, themed “Flexible & Vibrant Labour Market”, Mr Sun said that to address the challenges posed by the emergence of the so-called platform economy, the Hong Kong Special Administrative Region Government has long been committed to protecting platform workers. He elaborated that this includes exploring measures for strengthen protections through a liaison group comprising representatives of the Government, platform companies and labour organisations.

     

    According to a Thematic Household Survey conducted by the Hong Kong SAR Government, he added, platform workers are most concerned about work injury compensation. The Hong Kong SAR Government will introduce a proposal this year on ways to further enhance the rights and benefits of platform workers.

     

    Mr Sun also briefed his audience on various initiatives implemented by the Hong Kong SAR Government to unleash the full potential of the labour force. These include the Re-employment Allowance Pilot Scheme, which launched last year, and the enhanced Employment Programme for the Elderly & Middle-aged.

     

    During the afternoon plenary, themed “Responding to Future Jobs & Active Labour Market Policies”, Mr Sun gave a presentation on the Hong Kong SAR Government’s manpower policies and talent attraction measures.

     

    He stressed that the main aim of these policies and measures is to nurture local talent while also attracting complementary outside talent, in order to enrich the local talent pool in ways that meet local social and economic development needs.

     

    Mr Sun outlined Hong Kong’s multi-pronged strategy of training and retraining, including the establishment of two universities of applied sciences, as well as efforts to enhance employees’ professional skills through the Vocational Training Council.

     

    He also spoke of the array of measures rolled out by the Hong Kong SAR Government to attract talent proactively and aggressively, and gave an account of how Hong Kong can leverage its unique advantages of enjoying the strong support at a national level while being closely connected to the world, in order to fulfill its role as an international hub for high-calibre talent.

     

    Upon his arrival in Jeju yesterday, Mr Sun met Malaysian Minister of Human Resources Steven Sim, who is also attending the HRDMM. He said he was delighted to meet Mr Sim again following a visit to Kuala Lumpur in mid-April.

     

    During the meeting, the two sides exchanged views on matters including how to strengthen the local workforce, occupational safety and health, improving the rights of platform workers, and ways to enhance vocational training and employee retraining with a view to alleviating manpower shortages.

     

    Later, Mr Sun held a bilateral meeting with the Republic of Korea’s Acting Minister of Employment & Labor Kim Min Seok, during which they discussed various topics including foreign domestic helpers and the importation of labour.

     

    Mr Sun briefed Mr Kim on the manpower shortages encountered by Hong Kong due to its ageing population, which he explained has resulted in a need for the city to continue attracting outside talent and labour as appropriate.

     

    Mr Sun will conclude his engagements tomorrow morning, before returning to Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Council balances its budget while protecting services and investing in Plymouth

    Source: City of Plymouth

    Plymouth City Council balanced its 2024/25 budget while protecting local services and investing in ambitious regeneration plans for the city despite facing significant cost and demand pressures, a report to Cabinet says.

    The provisional 2024/25 revenue and capital outturn report says that like other authorities the Council has faced significant challenges beyond its control, including inflationary increases in all services areas and growing cost and demand pressures in as children’s and adult social care, SEND provision and homelessness services, necessitating departments to deliver savings plans and maintain tight management of staffing costs.

    The £241.6 million revenue budget supported the delivery of more than 300 Council services, while a £109.3 million capital programme – a £17.9 million increase on the previous year – has helped draw in millions of pounds of investment into the city’s infrastructure and regeneration by levering in Government grants, developer contributions and borrowing.

    This invested in infrastructure schemes such as:

    • The Woolwell to the George improvement scheme, which will help ease congestion in the north of the city
    • The Derriford District Centre scheme, which has delivered a new retail centre providing popular stores and leisure facilities, while supporting local jobs.
    • The new Foulston Park, which is seeing the former Brickfields site being transformed into a centre for sporting excellence and community wellbeing
    • The city centre regeneration, including Old Town Street and New George Street improvements, Armada Way regeneration scheme and the Civic Square improvement scheme, helping inspire investor confidence in the city
    • Plymouth South National Marine Park, which is seeing the transformation of waterfront landmarks such as Tinside Lido with the support of lottery funding.

    Councillor Mark Lowry, Cabinet member for Finance, said: “It’s no mean feat to balance the books at year end when you face the scale of challenges that we have over the last year. The amount of hard work behind these figures shouldn’t be underestimated.

    “Despite these challenges we have remained committed to avoiding reductions to services and continuing to deliver the priorities and ambitions for Plymouth, with multiple schemes that result in tangible improvements for city residents.

    “While we did use our ‘usable reserves’ to offset some of the pressures that arose during the financial year, this was a considered and sensible approach that helped avoid cuts to valued services and to protect the elderly and vulnerable in the city. We have already made a commitment in our medium-term financial plan to rebuild the level of reserves in future budgets.

    “While this financial year promises to be no less challenging than the last, given the systemic issues with demand and cost pressures we are facing in social care services, I am confident that this Government understands the problems that councils are facing and will start to provide more support for addressing them than we have been used to in previous years.”

    MIL OSI United Kingdom –

  • MIL-OSI Security: Florida Couple Sentenced for Conspiracy to Commit Wire Fraud

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    Acting United States Attorney Matthew R. Molsen announced that Jaiveer Tyee, 53, and Xanthe Tabbs, 56, both of Coral Gables, Florida, were sentenced on May 2, 2025 in federal court in for conspiracy to commit wire fraud. Chief United States District Judge Robert F. Rossiter, Jr. sentenced Tyee to 9 months’ imprisonment and Tabbs to 3 years’ probation. Tyee and Tabbs were also ordered to pay $138,926.71 in restitution. There is no parole in the federal system. After Tyee’s release from prison, he will begin a 3-year term of supervised release.

    From April 25, 2018, to July 19, 2018, Tyee and Tabbs conspired to participate in a scheme to defraud a company located in the District of Nebraska. The victim company specialized in subscription-based services for the analysis and delivery of real-time weather, agricultural, energy, and commodity market information.

    Using a spoofed email account, an unknown person posed as a vendor of the victim company and requested a change payment related to an invoice the victim company was in the process of paying.  The fraudulent email purporting to be from the vendor contained wiring instructions and third-party bank account information, that in fact was not associated with the vendor. The victim company’s employee, thinking the wire transfer request was legitimate, complied with the wire transfer request.

    On May 23, 2018, the victim company was induced into making an unauthorized wire transfer totaling $280,646 from its financial institution to a third-party bank account that was jointly accessed and controlled by Tyee and Tabbs.  After the unauthorized wire transfer was deposited, Tyee and Tabbs immediately conducted numerous financial transactions, which included obtaining cashier’s checks and making wire transfers to other bank accounts controlled and accessed by Tyee and Tabbs.  After detection of the fraudulently induced transfer, the victim company was able to recover a portion of the proceeds resulting a loss of $138,926.71.

    This case was investigated by the Federal Bureau of Investigation.

    MIL Security OSI –

  • MIL-OSI: Best Crypto Casinos: JACKBIT Rated #1 As Top Crypto Casino With Instant Payouts, No KYC, & Provably Fair Games

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, May 12, 2025 (GLOBE NEWSWIRE) — We tried plenty of online casinos—limited games, tiny bonuses, clunky layouts. Then we found JACKBIT, one of the best crypto casinos around. It greets you with a generous welcome bonus, pays out instantly in crypto, and offers hundreds of games. Voted the best crypto casino of 2025 by iGaming experts, JACKBIT delivers a smooth, secure experience for players.

    ✅GRAB YOUR WELCOME BONUS AND START WINNING AT JACKBIT

    “Our mission is to help players find a safe and rewarding platform,” said a panel expert. “JACKBIT stands out as the best crypto casino due to its seamless user experience, extensive game variety, and commitment to player privacy.”

    A Deep Dive into JACKBIT’s Excellence

    The selection of JACKBIT as the best crypto casinos was based on a thorough review of key player-focused criteria:

    • Licensing and Regulation
    • Game Variety and Quality
    • Bonuses and Promotions
    • Payment Flexibility and Speed
    • Security and Fair Play
    • Mobile Gaming Experience
    • Customer Support Quality
    • Sportsbook Features
    • Responsible Gambling Tools
    • No-KYC Benefits

    This comprehensive evaluation confirmed JACKBIT as a trusted online casino that excels in every aspect, making it a top choice for crypto gamblers worldwide.

    Why JACKBIT is the Best Crypto Casino

    Licensing and Regulation

    JACKBIT operates under a Curacao Gaming License, a respected credential in the crypto gambling industry. This license ensures adherence to fair play and security standards, with regular audits to maintain transparency. While some players may prefer stricter licenses like those from Malta or the UKGC, the Curacao framework allows JACKBIT to serve a global audience, solidifying its status as a safe online casino.

    Game Variety and Quality

    JACKBIT’s game library is a major reason it’s hailed as the best crypto casino. With over 7,000 titles from 85 top providers, including NetEnt, Microgaming, Evolution Gaming, and Pragmatic Play, the platform caters to all preferences. The offerings include:

    • Slots: Over 5,000 slots, from classics to modern video slots like Gold Party, Chilli Heat, and Wolf Gold. Players can also enjoy 180+ Megaways titles and progressive jackpots with life-changing payouts.
    • Table Games: A wide range of options, including blackjack (Power Blackjack, Infinite Blackjack), roulette (European, Lightning), poker (Texas Hold’em, Caribbean Stud), baccarat, and craps.
    • Live Dealer Games: Powered by Evolution Gaming, the live section features Live Blackjack, Live Roulette, Live Baccarat, and interactive game shows like Dream Catcher and Crazy Time.
    • Sportsbook: A comprehensive sportsbook covering 140+ sports, with 82,000+ live monthly events and 4,500+ betting types, including football, basketball, tennis, and e-sports.
    • Specialty Games: Casual options like bingo (Shamrock Bingo), scratch cards, and crypto-friendly mini-games such as Aviator and Plinko.
    • Virtual Sports: 24/7 betting on simulated events like virtual football, horse racing, and greyhound racing.

    This extensive selection ensures JACKBIT remains the best bitcoin casino for players seeking variety and quality.

    Bonuses and Promotions

    JACKBIT’s promotional offers are a key factor in its ranking as the best instant withdrawal casino. New players are greeted with a 30% Rakeback and 100 free spins wager-free on their first deposit. Ongoing promotions include:

    • Weekly giveaways with $10,000 and 10,000 free spins.
    • VIP Rakeback up to 30%, scaling with loyalty tiers.
    • Pragmatic Drops & Wins with a €2,000,000 prize pool.
    • Social media bonuses for engaging on platforms like Twitter.
    • Regular slot and table game tournaments with cash prizes.

    These bonuses are designed with fair terms, ensuring players get maximum value. JACKBIT’s creative promotions make it a standout in the crypto casino space.

    ✅SIGN UP AT JACKBIT NOW AND CLAIM 30% RAKEBACK + 100 FREE SPINS

    How to Get Started with JACKBIT

    Joining JACKBIT is simple and takes less than five minutes:

    1. Visit the official JACKBIT website.
    2. Click “Sign Up” or “Register” in the top-right corner.
    3. Provide minimal details (email, password, preferred currency).
    4. Select a payment method (crypto or fiat) and make a deposit.
    5. Claim your 30% Rakeback + 100 free spins welcome bonus.
    6. Dive into 7,000+ games or explore the sportsbook.

    Ensure you meet your jurisdiction’s legal gambling age (typically 18 or 19) before registering. JACKBIT’s streamlined process makes it the best crypto casino for accessibility.

    Payment Flexibility and Speed

    As an instant payout casino, JACKBIT supports over 17 cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, Ripple, and Dogecoin. Crypto transactions are instant and fee-free, providing unmatched convenience. Traditional banking options include:

    • Visa and MasterCard (instant deposits, 1-3 day withdrawals).
    • Google Pay and Apple Pay (instant mobile deposits).
    • Bank transfers (3-5 day withdrawals).

    With high withdrawal limits (up to $10,000 weekly) and robust SSL encryption, JACKBIT ensures secure and flexible banking, reinforcing its position as the best crypto casino.

    Security and Fair Play

    Security is a top priority at JACKBIT, a trusted online casino. The platform employs SSL encryption and blockchain technology to safeguard player data and transactions. Provably fair games and Random Number Generators (RNGs) ensure unbiased outcomes, making JACKBIT one of the safest online casinos. The no-KYC policy enhances privacy, offering instant withdrawal and no verification while maintaining trust.

    Mobile Gaming Experience

    JACKBIT’s mobile-optimized platform delivers a seamless experience on iOS and Android without requiring a dedicated app. Players can access the full game library, make instant deposits, and claim bonuses on the go. The responsive design ensures smooth navigation, making JACKBIT the new crypto casino a top choice for mobile gamblers seeking the best crypto casinos.

    Customer Support Quality

    JACKBIT, the new crypto casino, offers 24/7 live chat support in multiple languages, including English, German, French, and Spanish. The team is highly responsive, resolving queries within minutes. Email support and a comprehensive FAQ section provide additional resources. Player feedback highlights the support team’s professionalism, cementing JACKBIT’s reputation as a trusted online casino.

    Sportsbook Features

    JACKBIT’s sportsbook is a standout, offering 140+ sports, including football, basketball, tennis, cricket, and e-sports like Counter-Strike. With 82,000+ live monthly events, 75,000+ pre-match events, and 4,500+ betting types, it caters to sports betting enthusiasts. Live streaming and competitive odds make JACKBIT the best bitcoin casino for sports fans.

    Responsible Gambling Tools

    JACKBIT prioritizes player well-being with tools like deposit limits, self-exclusion, reality checks, and links to organizations like GamCare and Gambling Therapy. These features ensure a safe and enjoyable experience, aligning with the standards of safe online casinos.

    No-KYC Benefits

    The no-KYC policy is a game-changer, allowing players to enjoy instant withdrawal and no verification while maintaining anonymity. This feature, combined with fast crypto payouts, makes JACKBIT the best instant withdrawal casino for privacy-conscious players.

    What Sets JACKBIT Apart

    JACKBIT distinguishes itself as the best crypto casino through several unique advantages:

    • Privacy First: The no-KYC policy ensures complete anonymity, which is ideal for discreet gambling.
    • Unrivaled Game Library: Over 7,000 games provide more variety than most competitors.
    • Lightning-Fast Payouts: Instant crypto withdrawals outpace other platforms.
    • Creative Promotions: From Rakeback to social media bonuses, JACKBIT offers unique value.
    • Global Reach: Multilingual support and mobile optimization make it accessible worldwide.

    These strengths make JACKBIT a leader in the crypto gambling industry, delivering a player-focused experience that’s hard to match.

    ✅UNLOCK INSTANT PAYOUTS AND TOTAL PRIVACY AT JACKBIT NOW!

    JACKBIT’s VIP and Loyalty Program

    JACKBIT’s VIP program rewards dedicated players with tailored benefits:

    • Up to 30% Rakeback based on loyalty tier.
    • Exclusive bonuses, including free spins, deposit matches, and tournament entries.
    • Priority support with dedicated account managers.
    • Higher withdrawal limits for high rollers.

    Players earn points through wagers, progressing through tiers for better perks. This program enhances the value of playing at the best crypto casinos, ensuring loyal players are well-rewarded.

    Community Engagement and Social Features

    JACKBIT fosters a vibrant community through:

    • Social Media Bonuses: Free spins and cash rewards for engaging on platforms like Twitter and Telegram.
    • Tournaments: Competitive slot and table game events with leaderboards and prize pools.
    • Player Feedback: Positive reviews on sites like AskGamblers and Trustpilot highlight community trust.

    This engagement creates a dynamic and interactive experience, making JACKBIT a top choice for players seeking the best bitcoin casino.

    Exploring JACKBIT’s Game Categories in Depth

    • Slots: A World of Spins

    JACKBIT’s slot collection is a highlight, with over 5,000 titles ranging from classic fruit machines to modern video slots. Popular games like Gold Party offer high volatility for big wins, while Chilli Heat provides medium-variance fun with free spins. Progressive jackpots like Mega Moolah and Divine Fortune offer life-changing payouts. Regular tournaments and free spins promotions make slots a core part of the best crypto casino experience.

    • Table Games: Strategy and Skill

    For players who enjoy strategy, JACKBIT offers a robust selection of table games. Blackjack variants like Power Blackjack and Infinite Blackjack provide low house edges, while roulette options like Lightning Roulette add excitement with multipliers. Poker fans can play Texas Hold’em or Caribbean Stud, and craps brings fast-paced dice action. These games cater to both casual and seasoned players, reinforcing JACKBIT’s status as a trusted online casino.

    • Live Dealer Games: Real Casino Vibes

    JACKBIT’s live dealer section, powered by Evolution Gaming and Pragmatic Play, delivers an authentic casino atmosphere. Live Blackjack and Live Roulette offer multiple tables for all budgets, while game shows like Dream Catcher and Mega Wheel add interactive fun. High-definition streaming and real-time chat create an immersive experience, making JACKBIT a leader among safe online casinos.

    • Sportsbook: Betting Beyond the Casino

    JACKBIT’s sportsbook is a major draw, covering traditional sports like football and basketball, as well as niche options like cricket and e-sports. With 82,000+ live events and 4,500+ betting types, players can wager on everything from moneylines to prop bets. Live streaming for select events enhances the experience, making JACKBIT the best crypto casino for sports betting enthusiasts.

    • Specialty Games: Casual Fun

    JACKBIT’s specialty games cater to players seeking low-stakes entertainment. Bingo titles like Shamrock Bingo and Burning Pearl Bingo offer quick play, while scratch cards provide instant-win thrills. Crypto-friendly mini-games like Aviator and Plinko are popular for their simplicity and high RTPs, adding diversity to the best instant withdrawal casino.

    • Virtual Sports: 24/7 Action

    Virtual sports at JACKBIT include simulated events like virtual football and horse racing, powered by advanced algorithms for realistic graphics and quick results. Available 24/7, these games offer constant betting opportunities, making JACKBIT a versatile platform for all types of gamblers.

    ✅EXPERIENCE 7,000+ GAMES AT JACKBIT NOW

    The Future of Crypto Gambling with JACKBIT

    Since its launch in 2022, JACKBIT has rapidly become a frontrunner in the crypto gambling industry. Its focus on innovation, such as integrating 17+ cryptocurrencies and offering provably fair games, positions it as a trailblazer. The no-KYC policy and instant payouts cater to the growing demand for privacy and speed, ensuring JACKBIT remains the best crypto casino for years to come.

    As the crypto gambling market evolves, JACKBIT is poised to stay ahead by expanding its game library, introducing new promotions, and enhancing its platform. The casino’s commitment to player satisfaction and responsible gambling makes it a reliable choice for both new and experienced players.

    Comparing JACKBIT to Competitors

    To understand why JACKBIT is the best crypto casino, it’s worth comparing it to other leading platforms:

    • Game Library: While competitors like BitStarz and Stake offer large game selections, JACKBIT’s 7,000+ titles and 85 providers provide unmatched variety.
    • No-KYC Policy: Unlike many casinos requiring identity verification, JACKBIT’s no-KYC approach ensures instant withdrawal and no verification, a rare feature.
    • Payout Speed: JACKBIT’s instant crypto payouts surpass platforms with slower processing times, making it the best instant withdrawal casino.
    • Bonuses: JACKBIT’s 30% Rakeback and weekly giveaways offer more value than standard deposit matches found elsewhere.

    These advantages highlight why JACKBIT leads the pack as the best bitcoin casino.

    Tips for Maximizing Your JACKBIT Experience

    To get the most out of JACKBIT, consider these tips:

    • Claim All Bonuses: Start with the welcome offer and stay active to unlock weekly giveaways and VIP rewards.
    • Explore the Game Library: Try different categories, from slots to live dealer games, to find your favorites.
    • Use Cryptocurrencies: Crypto deposits and withdrawals are faster and fee-free, enhancing your experience at this instant payout casino.
    • Engage on Social Media: Follow JACKBIT on Twitter and Telegram for exclusive bonuses.
    • Set Limits: Use responsible gambling tools to manage your spending and play safely.

    These strategies will help you enjoy the full potential of the best crypto casino.

    How JACKBIT Stands Out From Other Crypto Casinos

    JACKBIT’s blend of no-KYC gaming, instant crypto payouts, and a vast game library makes it unmatched. Its player-centric features, from generous bonuses to robust security, ensure a rewarding and safe experience. The Curacao license, while not the strictest, is backed by transparency and responsible gambling tools, building trust among players.

    As a relatively new platform, JACKBIT has quickly set the standard for innovation, offering a seamless experience for casual players and high rollers alike. Its global accessibility and vibrant community make it the best crypto casino for 2025 and beyond.

    ✅CLAIM YOUR WINS AT JACKBIT TODAY

    Frequently Asked Questions

    Can I play at JACKBIT without verifying my identity?

    Yes, JACKBIT supports anonymous crypto gaming with no mandatory KYC for most withdrawals, letting you enjoy full privacy while playing and cashing out securely.

    I want fast access to my winnings. Are JACKBIT’s crypto payouts quick?

    JACKBIT is known for its rapid crypto transactions. BTC, ETH, and other coins are typically processed within minutes, especially for verified or frequent users.

    Can I use Bitcoin bonuses right after signing up at JACKBIT?

    Absolutely. New players at JACKBIT can instantly claim crypto welcome bonuses upon their first deposit—no delays or complicated conditions.

    I play on mobile- does JACKBIT work smoothly on phones?

    Yes, JACKBIT offers a seamless mobile experience. Whether you’re using Android or iOS, the site runs fast and securely, with full access to games and crypto payments.

    Can I earn rewards or cashback the more I play at JACKBIT?

    Definitely, JACKBIT features a rewarding VIP program where consistent play unlocks cashback, free spins, exclusive bonuses, and faster payout privileges.

    Email: support@JACKBIT.com

    Disclaimer and Affiliate Disclosure

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, with no warranties made as to its accuracy or completeness. Users must verify information before acting.

    Online gambling involves risks and is not suitable for everyone. Confirm you meet the legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We do not promote gambling; participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for losses or disputes.

    This article may contain affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content, but our reviews remain unbiased. Always conduct your own research before signing up.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/31263d1d-2af2-4fc3-b3a0-0f9631b86b98

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b80e34ef-a073-4410-a4e6-5b9e57a5bf9d

    The MIL Network –

  • MIL-OSI: LM Funding America Announces April 2025 Production and Operational Update

    Source: GlobeNewswire (MIL-OSI)

    – Bitcoin HODL 148.7 BTC as of April 30, 2025 valued at $14.1 million or $2.75 per share1

    TAMPA, Fla., May 12, 2025 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin mining and technology-based specialty finance company, today announced its preliminary, unaudited Bitcoin mining and operational update for the month ended April 30, 2025.

    Metric Feb 2025 Mar 2025 Apr 2025
    – Bitcoin2      
    – Mined, net 7.6 8.7 6.6
    – Sold – (14.2) (18.0)
    – Purchased – – –
    – Service Fee (0.0) (0.1) (0.1)
    – Bitcoin HODL 165.8 160.2 148.7
    – Machines2      
    – Operational 5,121 5,121 5,121
    – Storage 719 496 496
    – Total Machines 5,840 5,617 5,617
    – Hashrate (EH/s2)      
    – Oklahoma 0.43 0.43 0.43
    – Hosted 0.13 0.13 0.13
    – Energized 0.56 0.56 0.56
    – Storage 0.07 0.05 0.05
    – Total 0.63 0.61 0.61

    ________________________
    1 Calculated using 5,133,412 shares outstanding as of 12/31/24 from SEC Form 10-K filed March 31, 2025
    2 Unaudited

    “Transitioning to a vertically integrated model has proved valuable to our bottom line,” said Bruce Rodgers, Chairman and CEO of LM Funding. “In April, we mined 6.6 Bitcoin due to curtailments and disruptions at our hosting site as we began relocating 800 machines to our wholly owned Oklahoma facility. Our Oklahoma site enabled us to generate approximately $120,000 in power sales during the month — an offset to our mining costs that improved our margins and overall efficiency. We also made several strategic decisions, including ordering two 1 MW immersion containers to start our 2 MW expansion at our Oklahoma site. After careful diligence, we believe immersion offers faster deployment timelines, better margins, and improved equipment longevity.”

    Richard Russell, CFO of LM Funding added, “In parallel with our Oklahoma expansion, we made the decision to sell our recently acquired S21+ miners from Bitmain. This transaction is expected to recover our investment and preserve capital for higher-return opportunities. Regarding our 2 MW expansion, we anticipate completing construction and energization by the end of the third quarter, subject to international shipping timelines. We believe these strategic moves will strengthen our operational foundation, protect capital, and position us for long-term success in an evolving market landscape.”

    The Company estimates that the value of its 148.7 Bitcoin holdings on April 30, 2025, was approximately $14.1 million or $2.751 per share, based on a Bitcoin price of approximately $94,900 as of April 30, 2025, compared to a stock share price of $1.49 as of April 30, 2025.

    Upcoming Conferences and Events

    • May 15, 2025: LM Funding’s First Quarter 2025 Earnings Call
      • Time: 8 AM EST
      • Participant Call Links:
        • Live Webcast: Link
        • Participant Call Registration: Link
    • May 20, 2025: Benchmark Virtual Digital Asset Seminar
    • May 28, 2025: Orange Group & Blockware Sell-side and Buy-side Conference in Las Vegas, Nevada

    About LM Funding America
    LM Funding America, Inc. (Nasdaq: LMFA), operates as a Bitcoin mining and specialty finance company. The company was founded in 2008 and is based in Tampa, Florida. For more information, please visit https://www.lmfunding.com.

    Forward-Looking Statements
    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    For investor and media inquiries, please contact: 

    Investor Relations 
    Orange Group 
    Yujia Zhai 
    LMFundingIR@orangegroupadvisors.com 

    The MIL Network –

  • MIL-OSI Global: As US doubles down on fossil fuels, communities will have to adapt to the consequences − yet climate adaptation funding is on the chopping block

    Source: The Conversation – USA – By Bethany Bradley, Professor of Biogeography and Spatial Ecology, UMass Amherst

    Salt marshes protect shorelines, but they’re already struggling to survive sea-level rise. John Greim/LightRocket via Getty Images

    It’s no secret that warming temperatures, wildfires and flash floods are increasingly affecting lives across the United States. With the U.S. government now planning to ramp up fossil fuel use, the risks of these events are likely to become even more pronounced.

    That leaves a big question: Is the nation prepared to adapt to the consequences?

    For many years, federally funded scientists have been developing solutions to help reduce the harm climate change is causing in people’s lives and livelihoods. Yet, as with many other science programs, the White House is proposing to eliminate funding for climate adaptation science in the next federal budget, and reports suggest that the firing of federal climate adaptation scientists may be imminent.

    As researchers and directors of regional Climate Adaptation Science Centers, funded by the U.S. Geological Survey since 2011, we have seen firsthand the work these programs do to protect the nation’s natural resources and their successes in helping states and tribes build resilience to climate risks.

    Here are a few examples of the ways federally funded climate adaptation science conducted by university and federal researchers helps the nation weather the effects of climate change.

    Protecting communities against wildfire risk

    Wildfires have increasingly threatened communities and ecosystems across the U.S., exacerbated by worsening heat waves and drought.

    In the Southwest, researchers with the Climate Adaptation Science Centers are developing forecasting models to identify locations at greatest risk of wildfire at different times of year.

    Knowing where and when fire risks are highest allows communities to take steps to protect themselves, whether by carrying out controlled burns to remove dry vegetation, creating fire breaks to protect homes, managing invasive species that can leave forests more prone to devastating fires, or other measures.

    The solutions are created with forest and wildland managers to ensure projects are viable, effective and tailored to each area. The research is then integrated into best practices for managing wildfires. The researchers also help city planners find the most effective methods to reduce fire risks in wildlands near homes.

    Wildland firefighters and communities have limited resources. They need to know where the greatest risks exist to take preventive measures.
    Ethan Swope/Getty Images

    In Hawaii and the other Pacific islands, adaptation researchers have similarly worked to identify how drought, invasive species and land-use changes contribute to fire risk there. They use these results to create maps of high-risk fire zones to help communities take steps to reduce dry and dead undergrowth that could fuel fires and also plan for recovery after fires.

    Protecting shorelines and fisheries

    In the Northeast, salt marshes line large parts of the coast, providing natural buffers against storms by damping powerful ocean waves that would otherwise erode the shoreline. Their shallow, grassy waters also serve as important breeding grounds for valuable fish.

    However, these marshes are at risk of drowning as sea level rises faster than the sediment can build up.

    As greenhouse gases from burning fossil fuels and from other human activities accumulate in the atmosphere, they trap extra heat near Earth’s surface and in the oceans, raising temperatures. The rising temperatures melt glaciers and also cause thermal expansion of the oceans. Together, those processes are raising global sea level by about 1.3 inches per decade.

    Adaptation researchers with the Climate Adaptation Science Centers have been developing local flood projections for the regions’ unique oceanographic and geophysical conditions to help protect them. Those projections are essential to help natural resource managers and municipalities plan effectively for the future.

    Researchers are also collaborating with local and regional organizations on salt marsh restoration, including assessing how sediment builds up each marsh and creating procedures for restoring and monitoring the marshes.

    Saving salmon in Alaska and the Northwest

    In the Northwest and Alaska, salmon are struggling as temperatures rise in the streams they return to for spawning each year. Warm water can make them sluggish, putting them at greater risk from predators. When temperatures get too high, they can’t survive. Even in large rivers such as the Columbia, salmon are becoming heat stressed more often.

    Adaptation researchers in both regions have been evaluating the effectiveness of fish rescues – temporarily moving salmon into captivity as seasonal streams overheat or dry up due to drought.

    In Alaska, adaptation scientists have built broad partnerships with tribes, nonprofit organizations and government agencies to improve temperature measurements of remote streams, creating an early warning system for fisheries so managers can take steps to help salmon survive.

    Managing invasive species

    Rising temperatures can also expand the range of invasive species, which cost the U.S. economy billions of dollars each year in crop and forest losses and threaten native plants and animals.

    Researchers in the Northeast and Southeast Climate Adaptation Science Centers have been working to identify and prioritize the risks from invasive species that are expanding their ranges. That helps state managers eradicate these emerging threats before they become a problem. These regional invasive species networks have become the go-to source of climate-related scientific information for thousands of invasive species managers.

    The rise in the number of invasive species projected by 2050 is substantial in the Northeast and upper Midwest. Federally funded scientists develop these risk maps and work with local communities to head off invasive species damage.
    Regional Invasive Species and Climate Change Network

    The Northeast is a hot spot for invasive species, particularly for plants that can outcompete native wetland and grassland species and host pathogens that can harm native species.

    Without proactive assessments, invasive species management becomes more difficult. Once the damage has begun, managing invasive species becomes more expensive and less effective.

    Losing the nation’s ability to adapt wisely

    A key part of these projects is the strong working relationships built between scientists and the natural resource managers in state, community, tribal and government agencies who can put this knowledge into practice.

    With climate extremes likely to increase in the coming years, losing adaptation science will leave the United States even more vulnerable to future climate hazards.

    Bethany Bradley receives funding from the US Geological Survey as the University Director of the Northeast Climate Adaptation Science Center.

    Jia Hu has receives funding from the US Geological Survey as the University Director of the Southwest Climate Adaptation Science Center.

    Meade Krosby receives funding from the US Geological Survey as the University Director of the Northwest Climate Adaptation Science Center.

    – ref. As US doubles down on fossil fuels, communities will have to adapt to the consequences − yet climate adaptation funding is on the chopping block – https://theconversation.com/as-us-doubles-down-on-fossil-fuels-communities-will-have-to-adapt-to-the-consequences-yet-climate-adaptation-funding-is-on-the-chopping-block-256307

    MIL OSI – Global Reports –

  • MIL-OSI: Bitget Delivers Critical Aid to Earthquake-Affected Families in Myanmar

    Source: GlobeNewswire (MIL-OSI)

    BANGKOK, May 12, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has mobilized relief efforts for vulnerable communities in Myanmar following the devastating 7.7 magnitude earthquake that struck the Sagaing region on March 28. The disaster, which sent tremors as far as Bangkok, compounded existing hardships in an area already grappling with civil unrest and economic instability.

    In coordination with local partners, Bitget delivered 150 Emergency Resilience Kits to high-risk families, including those who lost homes, were caring for infants or elderly relatives, or had received minimal aid. Each kit provided comprehensive support: hygiene essentials to prevent disease, sleeping mats and blankets for displaced families, cooking tools to restore daily routines, water filters for safe drinking water, and basic medicines to address urgent health needs.

    The operation was not without its challenges. Navigating security risks, logistical hurdles, and the potential for aid diversion in a conflict zone required meticulous planning and deep community trust. Bitget’s partners on the ground leveraged their local expertise to ensure equitable distribution, reaching families whose needs might otherwise have been invisible in the chaos of crisis response.

    “True humanitarian action isn’t just about meeting urgent needs—it’s about seeing the unseen,” said Bitget CEO Gracy Chen. “As the second-largest crypto exchange ecosystem, we believe that real growth in our industry must be matched by real responsibility. Crypto was built on the ideals of empowerment and global connection. In times of crisis, these ideals must be translated into action. Our support for Myanmar’s affected communities is a reminder that innovation must go hand-in-hand with human impact. As we help build the future of finance, we are equally committed to building a future where no one is left behind,” she added.

    The impact extended beyond material relief. For displaced families living in overcrowded temporary shelters, the kits alleviated pressure on shared resources. For others, they represented the first semblance of stability since the disaster struck, a signal that they had not been forgotten.

    As recovery efforts continue in Sagaing, Bitget’s initiative serves as a small reminder that effective crisis response begins with listening and learning. By combining swift action with deep local understanding, we were able to offer support where it was needed most—one family, one community at a time.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2e78ebbf-6ded-4cce-b3d3-8a04e4476fc3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/903331f2-0e74-497a-be44-64186ea543cb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e4296f30-257b-43fd-9c40-b19e38a3f3b7

    The MIL Network –

  • MIL-OSI: LIS Technologies Inc. Appoints Ryan Norton as its Senior Mechanical Design Engineer

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, May 12, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that Ryan Norton has joined the Company as its Senior Mechanical Design Engineer.

    Ryan Norton is an engineer with a background in mechanical and optomechanical design and analysis for both R&D and commercial products. His experience spans research, design and analysis of downhole drilling and laser tools, surface equipment and electronics packaging for space.

    Figure 1 – LIS Technologies Inc. Appoints Ryan Norton as its Senior Mechanical Design Engineer.

    During his time at Foro Energy, Ryan played a pivotal role in developing high-power laser tools for the energy sector. He led the design and testing of various groundbreaking optomechanical systems like the world’s first high power optical slip ring and novel hard rock laser drilling systems using both gases and fluids. He also worked on various other technologies such as high-performance nozzles, fiber optic connectors and high-pressure laser windows. His work has resulted in multiple patents related to high-power laser energy transfer and drilling technologies.

    Ryan holds a B.S. in Engineering with a Mechanical concentration and a minor in Mathematics from LeTourneau University.

    “It is a pleasure to welcome Ryan to LIS Technologies at this key junction,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “His expertise will be instrumental as we move into the next phases of CRISLA development, and he will play a key part in facilitating the demonstration activities essential to CRISLA’s growth and expansion.”

    In his role, Ryan will support the development of mechanical solutions that drive advancement in the Company’s proprietary CRISLA-3G laser isotope separation technology, which was recently evaluated and determined to meet all elements required for a Technology Readiness Level (TRL) of 4.

    “LIS Technologies is broadening its capabilities and assembling a team equipped with the knowledge and expertise to be a leading innovator in the space,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “Engaging key professionals like Ryan is vital to sustaining our growth trajectory and I welcome him to the team.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:

    Email: info@laseristech.com

    Telephone: 800-388-5492

    Follow us on X Platform

    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Vital support for victims in £20 million funding boost

    Source: United Kingdom – Executive Government & Departments

    News story

    Vital support for victims in £20 million funding boost

    Thousands more victims to access life-saving support through a £19.9 million investment in specialist services.

    Minister Jess Phillips on a visit to Refuge, a charity supporting victims of domestic abuse

    Thousands more victims of domestic abuse, sexual violence, ‘honour’-based abuse and stalking will have access to specialist support services thanks to a boost of nearly £20 million announced by the Safeguarding Minister today.

    Part of this funding will go towards backing helplines which can offer potentially life-saving support for survivors of abuse. Victims can find these experiences incredibly hard to talk about and contacting helplines for advice is often the first critical step in their journey to escape abuse, access vital support and eventually seek justice.

    To help more victims access support at the most vulnerable moments in their lives, a range of helplines supporting victims of domestic abuse, sexual violence, ‘honour’-based abuse and stalking will benefit from £6 million in investment this year – an increase of around a fifth compared to the previous year.

    This investment is designed to reach as many different communities as possible and will bolster a range of vital specialist services in England and Wales supporting victims and survivors who face unique and challenging circumstances.

    Nine helplines across 8 charities, including: Refuge who run the National Domestic Abuse helpline; Hourglass, a charity supporting older victims; SignHealth who support victims who are Deaf; Galop; The Suzy Lamplugh Trust; Karma Nirvana; and Respect will receive funding to continue providing vital helpline services to victims, recruit more staff and support more victims escaping abuse.

    Minister for Safeguarding and Violence against Women and Girls, Jess Phillips said:

    No victim should ever feel abandoned when trying to escape abuse. But the harsh reality is that too many do – especially those from marginalised communities who face significant additional hurdles.

    Last week, I met survivors who felt the system wasn’t built for people like them. I hope this funding will change that. It’s about smashing down barriers and making sure every single person facing abuse has somewhere to turn when they make the brave decision to seek help.

    The funding package announced today also includes £5.3 million for services supporting children affected by domestic abuse, who are often the hidden victims of this devastating crime, to support them through one-to-one and group counselling, classroom-based assistance and help for their non-abusive parents across 8 specialist services nationwide.

    Charity Southall Black Sisters will receive £2.4 million to support migrant victims of abuse who are not able to access public funds.

    And to give victims direct access to financial support to escape abusive relationships, a wide range of specialist domestic abuse services will receive around £2 million through the Women’s Aid Flexible Fund. Through the fund, organisations across England and Wales, including Welsh Women’s Aid, will give payments of up to £500 to help victims secure safety and one-off payments of up to £2,500 for deposits for rental accommodation to help secure sustainable and independent futures.

    This is underscored by £2.5 million for projects to help prevent and improve the response to violence and abuse against women and girls, raise awareness of these issues and protect victims who are at risk.

    The government was elected on a mission to make our streets safer for everyone as part of the Prime Minister’s Plan for Change.

    Today’s announcement marks a vital step in our pledge to halve violence against women and girls in a decade, ensuring victims of these appalling crimes have somewhere to turn and the support they need to recover from abuse.  

    Domestic Abuse Commissioner, Dame Nicole Jacobs, said:

    Whether fearing for their lives or growing up in a home filled with stress and anxiety, victims should feel confident that support will be there to help them recover, but sadly too often this isn’t the case. 

    This funding for struggling specialist domestic abuse services, especially those supporting children, will bring much needed relief to survivors and services, who have been doing all they can to ensure help is there for people during one of their most vulnerable moments in life.

    Tackling domestic abuse requires drive, ambition and political will. I look forward to seeing how the government’s forthcoming violence against women and girls’ strategy builds on this investment by ensuring every victim and survivor gets what they need – exactly when they need it – so they can recover from abuse.

    Last week, the Minister for Safeguarding visited Refuge’s headquarters to meet with charity leaders and victims and discuss the unique challenges facing vulnerable individuals and harder to reach communities when they seek help. She also saw the National Domestic Abuse helpline in action and spoke to call handlers about the vital work they do.

    CEO of Refuge, Gemma Sherrington said:  

    The National Domestic Abuse Helpline, operated by Refuge, offers a lifeline for thousands of survivors every year. Open 7 days a week and 365 days a year, the support given by the helpline often represents the first step towards a life free from abuse and fear.  

    We are incredibly grateful for this much-needed funding boost, which will sustain this vital service for the coming year. Rather than covering the running costs of the helpline, our fundraised resources can now be directed towards supporting survivors, while bringing us one step closer to a world where domestic abuse is not tolerated.  

    The funding will also allow us to extend our live chat hours and make accessibility improvements to the helpline website, meaning we can reach more survivors than ever before.

    Esther*, a survivor of domestic abuse supported by Refuge, said:

    Funding for domestic abuse services is not only vital but absolutely necessary. Domestic abuse, in all its shapes, is still very much a problem and I’m hearing more and more tragic stories than ever before. Funding is needed for not only the aftercare for victims/survivors but also for the services that provide advice and support for people that are fleeing abuse.

    The transition from deciding to leave and actually leaving is one of the scariest experiences and it’s important that support and guidance is on hand. I know for certain that without help from these services, my story would have ended very differently, and I would not be here to talk at all. They gave me the courage and opportunity to live and smile again. I will always be forever grateful.

    Alongside Raneem’s Law, with domestic abuse specialists embedded in the first 999 control rooms across the country, this £19.9 million investment will help ensure that wherever victims of these crimes reach out for help – whether to police or charities – they will receive a specialist response tailored to their needs.

    This announcement follows a £13.1 million investment in a new policing centre to tackle violence against women and girls and enable police to better target these crimes, an uplift of nearly £2 million.

    Nikita Kanda, broadcaster and Refuge ambassador, said:

    I welcome today’s announcement of almost £20 million in funding for a range of vital and specialist services including Refuge’s National Domestic Abuse helpline. With this investment we will be able to strengthen our commitment to support all communities and empower those enduring domestic violence.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Minister condemns ‘devastating’ UK migration proposals

    Source: Scottish Government

    UK Government urged to work with Scottish Government on plans.

    The Equalities Minister Kaukab Stewart has urged the UK Government to rethink its immigration white paper to take account of Scotland’s distinct population needs.

    Following publication of new proposals from the Home Office on immigration, the Scottish Government has called on the UK Government to take account of its own proposals on immigration.

    The Minister said the UK Government must engage the Scottish Government on its immigration policy, reflecting that migration enriches Scotland’s communities, supports economic growth and addresses population challenges.

    Equalities Minister Kaukab Stewart said:

    “The UK Government’s plans on migration stand in stark contrast to our values and they do not reflect Scotland’s distinct population needs. The Scottish Government is proud to welcome and support people from around the world to live, work and build their lives in Scotland. Not only does migration enrich our communities and culture, it is vital for economic growth, public services like the NHS and addressing our population challenges.  

    “Scotland needs talented and committed people from across the world to live, work and study here without excessive barriers. A one-size fits all approach to immigration fails to meet the needs of Scotland and much of the UK. In particular, any plans to end international recruitment of care workers will be devastating for the care sector in Scotland and across the UK.

    “We are deeply disappointed that the UK Government’s white paper on immigration fails to take on board our proposals to help meet Scotland’s distinct demographic and economic requirements. I call on the Home Secretary to urgently work with us to deliver an immigration system which is reflective of Scotland’s needs, and avoids the harm to our economy, communities, and public services which the policy decisions in the white paper will lead to.

    “If it does not, then it becomes ever clearer that Scotland needs full powers over immigration. Independence would give Scotland control over migration policy and provide an opportunity to introduce a new, welcoming immigration system that supports our economy and public services.”

    Background

    In March, the Scottish Government provided a set of policy proposals to the Home Office during development of its white paper on immigration. The Scottish Government will shortly publish these proposals online and will write to the UK Government this week to call for meaningful discussions.

    To date, there has been no substantive engagement from the Home Office on any of the policy proposals contributed by the Scottish Government during the development of the White Paper.

    Migration – Meeting Scotland’s Needs – gov.scot

    MIL OSI United Kingdom –

  • MIL-OSI Global: When does a kid become an adult?

    Source: The Conversation – USA – By Jonathan B. Santo, Professor of Psychology, University of Nebraska Omaha

    They might not be grown-ups yet. Klaus Vedfelt/DigitalVision via Getty Images

    Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to CuriousKidsUS@theconversation.com.

    When does a kid become an adult? – Avery, age 8, Los Angeles

    Not everyone grows up at the same pace, even though U.S. law holds that you reach adulthood when you turn 18. This is the age where you are treated like an adult in terms of criminal responsibility. However, states differ on the “civil age of majority,” which means that you don’t necessarily get all the rights and privileges reserved for grown-ups at that point.

    For example, U.S. citizens may vote or get a tattoo without their parents’ consent when they’re 18, but they can’t legally buy or consume alcohol until their 21st birthday. Young Americans are subject to extra restrictions and fees if they want to rent a car before they’re 25 – even if they got a driver’s license when they turned 16 and have been earning a living for years.

    Even physical signs of maturity don’t provide an easy answer to this question. Puberty brings about physical changes associated with adulthood like facial hair or breast development. It also marks the onset of sexual maturity – being able to have children.

    Those changes don’t happen at the same time for everyone.

    For example, girls typically start going through puberty and beginning to look like adults at an earlier age than boys. Some people don’t look like grown-ups until they’re well into their 20s.

    In my view, as a professor of developmental psychology, what really matters in terms of becoming an adult is how people feel and behave, and the responsibilities they handle.

    Even if you’ve developed a sophisticated palate by the time you turn 18, you still aren’t necessarily a full-fledged adult.
    nedomacki/Getty Images

    Age at milestones may vary

    Because everybody is unique, there’s no standard timeline for growing up. Some people learn how to control their emotions, develop the judgment to make good decisions and manage to earn enough to support themselves by the age of 18.

    Others take longer.

    Coming of age also varies due to cultural differences. In some families, it’s expected that you’ll remain financially dependent on your parents until your mid-20s as you get a college education or job training.

    Even within one family, your personality, experiences, career path and specific circumstances can influence how soon you’d be expected to shoulder adult responsibilities.

    Drew Barrymore attends a movie premiere at the age of 15 – one year after a judge declared her to be an adult in the eyes of the law through emancipation.
    Ron Galella, Ltd. via GettyImages

    Some young people technically enter adulthood before they turn 18 through a process called “emancipation” – a legal status indicating that a young person is responsible for their own financial affairs and medical obligations.

    Economic independence is hard to attain for young teens, however, because child labor is restricted and regulated in the U.S. by federal law, with states setting some of these rules. States also determine how old you have to be to get married. In most states, that’s 18 years old. But some states allow marriage at any age.

    Differentiating between kids and adults

    Understanding the differences between how children and adults think can help explain when a kid becomes an adult.

    For example, children tend to think concretely and may struggle more than adults with abstract concepts like justice or hypothetical scenarios.

    Kids and teens also have shorter attention spans than adults and are more easily distracted, whereas adults are generally better at filtering out distractions.

    What’s more, children, especially little ones, tend to have more trouble controlling their emotions. They’re more prone to crying or screaming when they are frustrated or upset than adults.

    One reason why being fully grown up by the time you turn 18 or even 21 might not be possible is because of our brains. The prefrontal cortex, which is a part of the brain that plays a crucial role in planning and weighing risks, doesn’t fully develop in most people before their 25th birthday.

    Making choices that have lifelong consequences

    The delay in the brain’s maturity can make it hard for young adults to fully consider the real-world consequences of their actions and choices. This mismatch may explain why adolescents and people in their early 20s often engage in risky or even reckless behavior – such as driving too fast, not wearing a seatbelt, using dangerous drugs, binge drinking or stealing things.

    Despite the medical evidence about the late maturation of the brain, the law doesn’t provide any leeway for whether someone has truly matured if they’re accused of a breaking the law. Once they’re 18 years old, Americans can be tried legally as adults for serious crimes, including murder.

    These still-developing parts of the brain also help explain why children are more susceptible to peer pressure. For instance, adolescents are more prone to confess to crimes they didn’t commit under police interrogation, partly because they can’t properly weigh the long-term consequences of their decisions.

    However, there are benefits to adolescents’ having a higher tolerance to risks and risk-taking. This can help explain why many young people are motivated to engage in protests regarding climate change and other causes.

    Feeling like a real adult

    In North America, some young people who by many standards are adults – in that they are over 20 years old, own a car and have a job – may not feel like they’re grown-ups regardless of what the law has to say about it. The psychologist Jeffrey Arnett coined the term “emerging adults” to describe Americans who are 21-25 years old but don’t yet feel like they’re grown-ups.

    When someone becomes an adult, regardless of what the law says, really depends on the person.

    There are 25-year-olds with full-time jobs and their own children who may still not feel like adults and still rely on their parents for a lot of things grown-ups typically handle. There are 17-year-olds who make all of their own doctor’s appointments, take care of their younger siblings or grandparents, and do all the grocery shopping, meal planning and laundry for their household. They probably see themselves as adults.

    Growing up is about gaining experiences, making mistakes and learning from them, while also taking responsibility for your own actions. As there’s no single definition of adulthood, everyone has to decide for themselves whether or not they’ve turned into a grown-up yet.

    Hello, curious kids! Do you have a question you’d like an expert to answer? Ask an adult to send your question to CuriousKidsUS@theconversation.com. Please tell us your name, age and the city where you live.

    And since curiosity has no age limit – adults, let us know what you’re wondering, too. We won’t be able to answer every question, but we will do our best.

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

    – ref. When does a kid become an adult? – https://theconversation.com/when-does-a-kid-become-an-adult-246287

    MIL OSI – Global Reports –

  • MIL-OSI Russia: The second stream of the HSE School of Economics corporate program “CFO Academy” has been completed

    Translation. Region: Russian Federal

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

    The Higher School of Business of the National Research University Higher School of Economics and the Gazprom Neft Corporate University have completed training for students of the second stream of the corporate program “CFO Academy”.

    “CFO Academy” is a large-scale two-year educational program for managers and leading specialists of financial and economic services – a personnel reserve for management positions in the financial and economic function in the Gazprom Neft group of companies. The new stream of the program was successfully completed by 41 students, most of whom were promoted during the training, including to the positions of financial directors and heads of departments of the financial and economic block.

    The content of the CFO Academy was based on international certification programs for professionals in the field of management finance, such as ACCA, CIMA and CMA, and included the development of expertise in the field of corporate finance, preparation and analysis of financial statements, investment planning and risk management. An important component of the program were modules dedicated to the formation of strategic thinking, development of management competencies, as well as strengthening internal communications and cross-functional interaction in the group of companies. Particular attention in this stream was paid to the study of current trends in the field of artificial intelligence and its application in business management, including the financial and economic function.

    Alexander Gabrielov

    Deputy Director of the Higher School of Business, National Research University Higher School of Economics

    The CFO Academy is a unique symbiosis of global financial education standards with deep industry expertise and real-life tasks of Gazprom Neft. More than 50% of the program consists of working with real cases, and the projects developed within the program are already assessed by the company as promising for implementation, which demonstrates the effectiveness of the “training through practice” model – participants do not just master the theory, but immediately create value for the business

    The program used various training formats, including interactive face-to-face classes and project work. A special feature of the CFO Academy was the use of the “leaders teach leaders” and “peer-to-peer” approaches – in each module, presentations by leading teachers of the Higher School of Business of the National Research University Higher School of Business were combined with master classes and expert sessions from the company’s top management and functional leaders of the economics and finance block.

    Natalia Shumkova

    Deputy Director for Corporate Training at the Higher School of Business, National Research University Higher School of Economics

    We see how the role of a financial manager is changing – today it is not just an expert in numbers, but a strategic partner of business. The CFO Academy program helps to form exactly such leaders – capable of thinking big, managing complex processes and introducing innovations, including AI technologies, into everyday management practice. I am confident that graduates of the program will make a significant contribution to the development of the financial function and the entire group of companies. We congratulate the graduates on completing the program and wish them success in their future professional activities!

    Alexey Urusov

    Head of the Department of Economics and Corporate Planning, Gazprom Neft

    It was important for us that the training not only provided knowledge to the participants, but also practical value for business. As part of the Academy, the participants worked on applied projects – solutions that are already considered promising in the company and can be implemented in various areas: from operational efficiency to digital transformation.

    The program became an opportunity not only to broaden horizons, improve professional competencies and develop digital skills, but also to establish many new connections with colleagues from other departments, managers and experts who conducted practical classes. Thanks to this, the participants immersed themselves deeper into the context of the company, became part of a single professional community and better understand how the modern financial function works in an advanced digital company.

    Moreover, it was this experience that became the basis for a new large-scale project – the creation of a Russian professional qualification for specialists and managers in the field of economics and finance – the professional qualification NAFD, which in the near future will become a full-fledged replacement for the international qualifications ACCA, CIMA and CMA.

    More than half of the program content was devoted to practical work, including consideration of real Gazprom Neft cases, which made the training as practice-oriented as possible and close to the tasks facing the business.

    As part of the project track of the program, participants worked on real initiatives to create new businesses, develop innovative technologies and materials, improve operational efficiency, and develop a portfolio of IT projects. Most of the initiatives were considered within the company, recognized as promising, and can be implemented.

    The final certification included the defense of team projects, during which the participants demonstrated their ability to apply the acquired knowledge in solving current business problems. All students successfully passed the final certification and received HSE diplomas for professional retraining in finance and economics.

    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-Evening Report: If you really want to close the US trade deficit, try boosting innovation in rural manufacturing

    Source: The Conversation (Au and NZ) – By Amitrajeet A. Batabyal, Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology

    President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and what it buys from it. He recently declared the issue a national emergency and used trade deficit data to calculate so-called “reciprocal tariffs” targeting nearly 100 countries. Although those specific tariffs are now on pause, Trump’s concern with the trade deficit persists.

    As an economist, I know there are two basic ways for a country to reduce a trade deficit: import less or export more. While Trump has focused on the former strategy, a more productive path may lie in the latter – especially by looking at untapped opportunities in rural America.

    Economists have long studied the differences between rural and urban regions. But while research shows that urban areas tend to be more technologically advanced, fast-growing and economically dynamic, economists have historically paid less attention to how regional differences affect export performance.

    New research is starting to fill that gap. Economists recently found that urban businesses export significantly more than rural ones – a difference with significant implications for national trade.

    The urban-rural export gap

    Looking at data from the Census Bureau’s Annual Business Survey as well as trade statistics from 2017 to 2020, researchers used econometric techniques to measure the urban-rural export gap. They also examined two categories of potential causes – “explained” and “unexplained.”

    The first is due to differences in what economists call “endowments” – for example, a region’s digital infrastructure, its access to renewable energy and its opportunities for high-tech employment. These endowments can be observed and therefore explained.

    The second is due to what economists call “structural advantage.” This refers to attributes of a region that matter for export performance but can’t be observed and, as a result, remain unexplained.

    They found that most of the urban-rural export gap is due to explained differences. That means rural businesses could close the export gap if they were provided with similar endowments – meaning comparable access to renewable energy, similar digital infrastructure and analogous opportunities for high-tech employment – to their urban counterparts.

    Even more strikingly, the unexplained component was negative – which means rural businesses outperform expectations given their characteristics. That suggests rural regions have significant untapped export potential.

    Several factors collectively account for the urban export advantage. First, urban regions have a greater concentration of highly educated science and technology workers. Urban businesses also tend to be larger and more tech-savvy, and because they have better access to broadband, they use cloud technology more frequently. Urban areas also have more foreign-born business owners who may leverage their international networks.

    However, many of these differences suggest possible policy solutions. For instance, since cloud adoption depends on broadband availability, it follows that investing in digital infrastructure could boost rural exports. Also, rural manufacturers, especially in sectors like metals manufacturing, show comparable or higher export intensity per worker than their urban counterparts. So encouraging rural manufacturing would be one way to reduce the urban-rural export gap.

    Rethinking trade and rural development

    I think this research has important policy implications.

    First, it shifts some of the focus away from other countries as the root cause of the trade deficit. And second, it bolsters the case for what economists call “place-based policies” targeting specific geographic areas – as opposed to “people-based policies,” which provide support directly to individuals.

    Even though many economists dislike place-based policies, they are increasingly attracting both academic and governmental attention.

    The 2022 CHIPS and Science Act had special significance to rural areas.

    During the Biden administration, three major laws – the Inflation Reduction Act, the CHIPS and Science Act and the Infrastructure Investment and Jobs Act – directed significant federal funds to rural areas. About 43% of funds from those laws – or US$440 billion – was designated as either “rural relevant” or as “rural stipulated,” meaning the funds were either geographically targeted or designed to address disproportionately rural challenges.

    Such massive investments in rural regions have led researchers and policymakers to question whether rural export underperformance stems from differences in observable endowments – in other words, things like access to broadband – or from inherent disadvantages that are much harder to deal with.

    In my view, this research provides compelling evidence that much of the urban-rural export gap is due to unequal distribution of productive assets, rather than inherent rural disadvantages. With appropriate investments in digital infrastructure, human capital and support for export-capable industries, America’s rural regions could play a much larger role in global trade. These findings also suggest the value of continued federal support for rural development efforts.

    In other words, if the U.S. wants to shrink its trade deficit, one answer could be more innovation in rural manufacturing.

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

    – ref. If you really want to close the US trade deficit, try boosting innovation in rural manufacturing – https://theconversation.com/if-you-really-want-to-close-the-us-trade-deficit-try-boosting-innovation-in-rural-manufacturing-255851

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: LNG Energy Group Announces Cease Trade Order

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 12, 2025 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) announces that, further to the news release dated May 7, 2025, the Ontario Securities Commission (the “OSC”), has notified the Company that it has issued a failure-to-file cease trade order (“FFCTO”), under Multilateral Instrument 11-103 – Failure-to-File Cease Trade Orders in Multiple Jurisdictions against the Company (“MI 11-103”). The FFCTO was issued as a result of the delay in the filing of the Company’s annual audited financial statements for the fiscal year ended December 31, 2024, the related management’s discussion and analysis, and the CEO and CFO certificates relating to the audited annual financial statements as required by National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings (collectively, the “Required Documents”) for the fiscal year ended December 31, 2024.

    As stated in the Company’s news release dated May 7, 2025, the Company was unable to file the Required Documents prior to the April 30, 2025 filing deadline. LNG Energy Group continues to work diligently with its auditors and expects to file the Required Documents within two months of the filing deadline. The Company anticipates that the FFCTO will remain in place until such time as the Required Documents are filed.

    The FFTCO prohibits any trading, whether direct or indirect, in respect of any security of the Company in which MI 11-103 applies, except in accordance with the FFCTO, until such time as the Company is able to file the Required Documents and successfully apply for a revocation of the FFCTO. If the Required Documents are filed within 90 days of the date of the FFCTO, such filings will constitute the Company’s application to have the FFCTO revoked. There can be no assurance that the FFCTO will be revoked on the timeline contemplated by the Company.

    About LNG Energy Group

    The Company is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information, please visit www.lngenergygroup.com.

    For more information please contact:

    Angel Roa, Chief Financial Officer LNG Energy Group Corp.
    Website: www.lngenergygroup.com
    Email: investor.relations@lngenergygroup.com

    Find us on social media:
    LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/
    Instagram: @lngenergygroup
    X: @LNGEnergyCorp

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

    This news release contains certain forward-looking information that reflect the current views and/or expectations of management of LNG Energy Group with respect to performance, business and future events. Forward-looking information can often be identified by words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the negative of those words or other similar or comparable words. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which LNG Energy Group operates. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking information, readers should not place undue reliance on such information. The risks and uncertainties include, but are not limited to, the anticipating timing of filing the Required Documents. Forward-looking information is current as of the date it is made and is based on reasonable estimates and assumptions made by us at the relevant time in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances. LNG Energy Group does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

    The MIL Network –

  • MIL-OSI Global: Netanyahu’s occupation plan for Gaza means more suffering for Palestinians and less security for Israel

    Source: The Conversation – UK – By Julie M. Norman, Senior Associate Fellow on the Middle East at RUSI; Associate Professor in Politics & International Relations, UCL

    Israel’s prime minister, Benjamin Netanyahu, declared on May 5 that his government intends to intensify military operations and indefinitely reoccupy Gaza. The announcement has dashed hopes for a permanent ceasefire and the release of the remaining hostages held by Hamas.

    The plan, which was unanimously approved by Israel’s security cabinet, includes displacing Gaza’s 2.1 million inhabitants to a single “humanitarian area” on less than a quarter of Gaza’s territory. This will result in Palestinians leaving “in great numbers to third countries”, said Israel’s far-right finance minister, Bezalel Smotrich.

    It is tempting to view the plan as another move by Netanyahu to placate the hard-right members of his coalition. It can also be viewed as a pressure tactic on Hamas – a threat to force the militant group to agree to a short-term ceasefire ahead of the visit of the US president, Donald Trump, to the Middle East from May 13.

    However, Netanyahu’s announcement is much more than rhetorical sabre-rattling. Israel’s recent operations in Gaza indicate that the plan should be taken literally and seriously. Since March, when the war in Gaza resumed following a temporary ceasefire, Israel has declared about 70% of the enclave either a military “red zone” or under evacuation.

    The new plan affirms what many have long feared: that expanding territorial control is not merely a short-term military tactic but a long-term occupation. In my view, this will only bring more suffering for Palestinians, less security for Israel, and more instability to the region.

    The humanitarian crisis in Gaza cannot be overstated. Many observers have described the current situation as the worst of any time during the past 18 months.

    The flow of humanitarian aid to Gaza has been politicised and widely criticised throughout the war, often slowing to a trickle. However, at least some aid trucks were allowed to pass into the Strip from late October 2023, shortly after the war began. This was followed by a surge of aid during the ceasefire in January and February 2025.

    But no food, fuel or medicines have entered Gaza since early March. This has led to near-famine conditions and the breakdown of the few remaining healthcare services.

    Israel’s proposed plan would forcibly move Gazans, nearly all of whom have already been displaced multiple times, into militarised “sterile zones” in the south. Humanitarian aid would be managed there by the Israel Defense Forces (IDF) and private US companies.

    UN agencies and international NGOs operating in Gaza have rejected this plan as contravening humanitarian principles. They have likened it to “de facto internment conditions”.

    Complicating Israeli security

    Deteriorating humanitarian conditions, combined with further displacement, will only create more security challenges for Israel. Entrenched occupation fuels armed resistance and further mobilises insurgency.

    The US saw this following its 2003 invasion of Iraq, which resulted in over 8,000 US military personnel and contractors being killed. Israel has repeatedly faced the rise of armed militant groups in response to prolonged military occupations in Lebanon, Gaza and the West Bank.

    Hamas has already dismissed further ceasefire talks in the wake of the new plan, and the group is seemingly having no trouble recruiting new members to its military wing. This has ensured a costly deployment for IDF ground troops.

    It goes without saying that Hamas should release all of the remaining hostages – and should have done so long ago. But Hamas now sees little incentive to do so when Israeli ministers are calling for what appears to be the complete destruction of Gaza, with or without a hostage release.

    A renewed occupation of Gaza will also further complicate regional dynamics. Arab states that have promised billions of dollars for Gaza’s reconstruction, alongside a credible plan for a two-state solution, will balk at subsidising Israeli military control.

    The stalled US-backed normalisation deal between Israel and Saudi Arabia, which has long been sought both by the Trump and Biden administrations, will probably be pushed even further back. It may even be abandoned entirely if Israel retrenches in Gaza.

    And any US involvement in Israel’s new Gaza plan could complicate negotiations between the US and Iran over Tehran’s nuclear programme. The Iranian foreign minister, Abbas Araghchi, has already accused Netanyahu of dragging the US into a “disaster” in the Middle East by “attempting to brazenly dictate” what Trump can and cannot do in his diplomacy with Iran.

    But perhaps most importantly, the reoccupation of Gaza – coupled with incursions, annexations and settlement expansion in the West Bank – communicates in no uncertain terms that the Israeli government is torpedoing any pathway to a two-state solution.

    This has long been clear to Palestinians and many onlookers. Most realists accepted that any moves towards Palestinian self-determination would be non-starters in the aftermath of the October 7 attacks on southern Israel.

    However, Israel’s friends in the international community, especially in Europe, have been holding on to the hope that Israel would eventually come back to the two-state framework. This latest plan calls their bluff.

    France and the UK are already in discussion about possibly recognising Palestine as a state at a conference in June. The UK has long preferred recognition as part of a peace process towards two states, rather than a symbolic gesture.

    But a retrenched “capture” of Gaza, combined with another massive civilian displacement, may speed up serious consideration of this recognition – while there is still Palestinian territory left to recognise.

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

    – ref. Netanyahu’s occupation plan for Gaza means more suffering for Palestinians and less security for Israel – https://theconversation.com/netanyahus-occupation-plan-for-gaza-means-more-suffering-for-palestinians-and-less-security-for-israel-256254

    MIL OSI – Global Reports –

  • MIL-OSI Global: Governments shouldn’t chase growth at all costs. The harms of over tourism show why

    Source: The Conversation – UK – By Ilaria Pappalepore, Reader in Tourism and Events, University of Westminster

    Amsterdam hit its self-imposed limit of 20 million overnight stays in 2023. 4kclips/Shutterstock

    In the controversial case of expansion at Heathrow airport, the UK government insists that the benefits of economic growth outweigh the environmental and wellbeing costs. But what if focusing on prosperity is a shortsighted approach? The debate about a third runway, placed in the context of exponential growth in travel and tourism, makes the impact on people and the environment clear to see.

    Tourism accounts for an estimated 8% of global CO2 emissions, and emissions related to tourism will continue to grow despite technological advances. The Heathrow expansion, for example, has been shown to be incompatible with net-zero requirements.

    Meanwhile, many tourism destinations are struggling to cope with growing numbers of visitors. Residents have protested at the impact of overtourism on their quality of life, with harms including overcrowding, loss of amenities for residents and a skewed property market.

    London’s airport development plans (expansion is also mooted at Gatwick and Luton) aim to inject investment into a range of sectors beyond tourism. However, our research suggests that aligning tourism with other sectors and better cooperation of decision-making at different levels of government could lead to increased wellbeing, a healthier environment and greater benefits to the local economy.

    This provides options to rethink what tourism could look like when the focus is not just economic growth.

    It should be possible to look at new models that take a holistic approach to tourism development. This means putting the wellbeing of the community and the environment first. Falling under the umbrella term of “post-growth”, there are various approaches that all rethink the role of economic growth. They advocate prioritising human wellbeing within planetary boundaries.

    “Degrowth” argues that limiting growth is essential for a sustainable future. On the other hand, “doughnut economics” and regenerative approaches are more agnostic about economic growth. They argue that human prosperity and wellbeing should be prioritised regardless of whether GDP is going up or down.

    In the context of tourism and travel, these approaches provide a different perspective on the role of the sector and what it can bring to a place, beyond economic growth.

    They also go further than most strategies being implemented in popular tourist cities to prioritise residents’ wellbeing, quality of life, and lower-carbon travel.

    Taking the heat off tourist hotspots

    As part of a net-zero emission pledge, and in an attempt to curb overtourism and the frustration of locals, some cities across Europe are enforcing restrictions on cruise ships. And Greece is applying a climate resilience tax on top of the tourism tax on all overnight stays.

    One of the cities that has done the most to curb tourism is Amsterdam. After the start of the COVID pandemic, it adopted a citizen initiative to cap tourism at 20 million overnight stays per year.

    This number was reached in 2023, and the city has put forward a wide range of measures since then. These include a tourist tax rate of 12.5%, strict rules on short-term rentals, limits on visitor numbers at large attractions and reducing the number of cruises. The city has also strengthened its environmental regulations.

    Copenhagen, on the other hand, chooses not to restrict tourism. Rather, it now rewards visitors who engage in climate-friendly actions, with the “CopenPay” pilot project. Visitors who choose to cycle, use public transport or participate in volunteering are eligible for discounts or free access to 24 attractions.

    Visitors to Greece pay a climate charge as well as a tourist tax.
    ecstk22/Shutterstock

    While these initiatives are laudable, there are two reasons why they don’t go far enough.

    The first is that the majority of the measures are based on financial disincentives, such as charging entrance fees to destinations and taxing the most polluting transport. They rest on the assumption that we do not need to address the underlying pursuit of growth that led to this unsustainability.

    Likewise, arguments in favour of green growth are based on technological advances, such as sustainable aviation fuel (SAF). This underpins claims that air travel can continue to grow. However, both within and beyond the travel sector, it has been argued that green growth is a myth.



    Read more:
    There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years

    In the long run, these measures do not cut the ever-growing number of travellers. Nor do they effectively address climate issues.

    Second, cities need support from higher levels of government if they want to encourage travel that is more environmentally friendly and contributes to the wellbeing of residents. In the case of Amsterdam, the ongoing expansion of Schiphol airport can be linked to overtourism, as well as noise and air pollution.

    City leaders want to cut the maximum number of flights. But they cannot do much as long as economic growth is the focus of the Dutch government’s plans.

    This highlights the deep complexities of controlling visitor numbers. And it also suggests that the economic benefits that come with the growth of London’s airports may come with societal and environmental costs. These will be felt by London and its residents, and cannot be solved with local policies.

    Rather than going further and faster with growth, when it comes to travel and tourism we may need to go “closer by and slower”.

    That might mean placing greater emphasis on promoting destinations to nearby markets, investment in low-carbon travel options and regenerative tourism activities. A post-growth approach should ensure that the economic benefits do not outweigh long-term ecological and societal growth. After all, these are the things we all need for a resilient society.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Governments shouldn’t chase growth at all costs. The harms of over tourism show why – https://theconversation.com/governments-shouldnt-chase-growth-at-all-costs-the-harms-of-over-tourism-show-why-255038

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Renewable energy company which failed to deliver customer orders is shut down

    Source: United Kingdom – Executive Government & Departments

    Press release

    Renewable energy company which failed to deliver customer orders is shut down

    Renugen Limited, based in Kent, was subject to a winding up order following an investigation by the Insolvency Service

    • Renugen Limited sold renewable energy products including solar panels and wind turbines 

    • An Insolvency Service investigation found orders had not been delivered and some customers had yet to receive refunds

    • The company was subject to a winding up order at the High Court in London on 8 May 2025

    A renewable energy company, based in Kent, has been shut down after an Insolvency Service investigation found it had failed to deliver orders and not refunded some customers for undelivered products.  

    Renugen Limited, last registered in Canterbury, sold renewable energy products online – from £50 batteries to £350,000 wind turbines.  

    The Insolvency Service identified 34 customers who had paid £74,570 for products that were not delivered. Investigators found only £15,265 has been refunded to the customers. 

    Some customers were unable to contact the company and had taken legal action through the county courts to claim refunds.   

    The company was subject to a winding up order, following a trial from 7 to 8 May 2025 in the High Court, London.  

    Mark George, Chief Investigator at the Insolvency Service, said:  

    There was clear evidence in this case that Renugen Limited was not acting as a reputable business. 

    We saw a pattern of undelivered products and a lack of refunds to customers, as well as little or no communication with online buyers and evidence of recent trading.  

    As such, we believe it was in the best interest of the public to shut down this company and ensure any future potential customers don’t suffer the same outcome.

    Renugen Limited filed accounts suggesting that there had been no trading between 2021 and 2023. 

    However, the company had continued trading during this time including having an active website. Recent complaints from customers about their orders on Trustpilot were also discovered by investigators. 

    Additionally, investigators found that the company had six business accounts, and at least two had been closed due to what the banks stated were complaints of scams relating to undelivered products.  

    The Insolvency Service also found that the company made 38 crypto asset transactions – unrelated to renewable energy products – from their business accounts, totalling more than £48,000 for which no explanation was provided during the investigation. 

    Renugen Limited had registered a number of addresses for the company since its incorporation in 2010. The last registered address was in Canterbury. The investigation found they had previously been registered in Herne Bay, Kent but had failed to inform Companies House of any change of registered office after the facility was closed. The registered office address was only updated at Companies House after the issue of the Secretary of State’s petition. 

    The Official Receiver has been appointed as liquidator of Renugen Limited.  

    All enquiries concerning the affairs of the company should be made to the Official Receiver of Public Interest Unit: PO Box 16664, Birmingham, B2 2JQ. piu.or@insolvency.gov.uk.

    Further information

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Bread Financial’s 2024 Sustainability Report showcases focus, investment in sustainable business practices

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, May 12, 2025 (GLOBE NEWSWIRE) — Bread Financial® (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today released its 2024 Sustainability Report, highlighting its continued progress and organization-wide commitment to environmental stewardship, social progress and strong governance.

    “Our 2024 report is more than an annual milestone, it is a reflection of Bread Financial’s deep and ongoing commitment to advancing our reputation, mitigating risk, improving efficiency and driving sustainable, profitable growth,” said Ralph Andretta, president and chief executive officer, Bread Financial. “With a focus on transparency and accountability, we are proud to share our progress and highlight the ways we are delivering value for our stakeholders.”

    The 12th annual report details the company’s performance related to its five key sustainability tenets, such as:

    • Managing the business responsibly — In 2024, Bread Financial made significant progress on operational excellence efforts aimed at improving processes and driving efficiency and value-creation across the enterprise. The company also began to mature its Enterprise Risk Management Framework and established an AI Council.
    • Empowering customers — For the 19th consecutive year, Bread Financial was certified as a Center of Excellence by BenchmarkPortal for its customer service. It continued to drive a customer-oriented culture to create best-in-class experiences and award-winning products, including the expansion of its mobile app.
    • Engaging associates — Bread Financial demonstrated its commitment to delivering a competitive, personalized and fulfilling associate experience through improved career development tools, expanded options for virtual health care and an annual “free money” deposit into each associate’s 401(k), regardless of their individual contribution. For its culture, the company was recognized with a Great Place to Work Certification in both the U.S. and India.
    • Protecting the planet — In an effort to reduce its carbon footprint, the company established greenhouse gas (GHG) emissions reduction targets that it plans to meet by 2030. Additionally, it developed a new sustainable IT framework, issued nearly 1.5 million cards made from sustainable plastic and prioritized digitalization to enhance efficiency and reduce paper.
    • Creating possibilities for our communities — Bread Financial increased associate donations and participation in its annual Giving Campaign, with donations totaling $3 million after the company’s match. Associates also recorded more than 10,000 volunteer hours, and the company improved its measurement process to more accurately capture the impact of its charitable donations, which exceeded $9 million in 2024.

    “At the core of this year’s Sustainability Report is our notable and measurable progress, reflecting decades of continuous improvement and reporting on critical components of our business,” said Dana Beckman, vice president and chief sustainability officer, Bread Financial. “The successes highlighted are the result of enterprise-wide collaboration and an intentional approach to embed sustainability throughout all aspects of our operations.”

    For more information on Bread Financial’s 2024 Sustainability report, visit here.

    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.

    Contacts
    Rachel Stultz – Media
    Rachel.Stultz@BreadFinancial.com

    The MIL Network –

  • MIL-OSI: Inter&Co Inc. Reports Year-Over-Year Net Income Growth of 57%

    Source: GlobeNewswire (MIL-OSI)

    BELO HORIZONTE, Brazil, May 12, 2025 (GLOBE NEWSWIRE) — Inter&Co Inc. (NASDAQ: INTR | B3: INBR32), the leading financial super app providing financial and digital commerce services to 37.7 million customers, today reported financial results for the first quarter of 2025.

    1Q25 Highlights:

    • Total clients grew to 37.7 million, with 21.6 million active clients and an activation rate of 57.2%.
    • Net Income of R$287 million, excluding minority interests, up 57% YoY.
    • Return on Equity of 12.9%, up from 9.2% in 1Q24.
    • Efficiency Ratio continued improving and reached 48.8%, 1.3 p.p. better than 4Q24.
    • NPLs over 90 days improved to 4.1%, 0.8 p.p. lower than 1Q24.

    João Vitor Menin, Global CEO of Inter&Co, commented:

    “Inter, by design, embodies the transformation of the banking industry. From our focus on innovation and efficient digital distribution of financial products and services, to expanding benefits and lowering costs for all our clients, we are building trust and long-term relationships that will be mutually rewarding for years to come.”

    Alexandre Riccio, Brazil CEO of Inter&Co, highlighted the opportunities that lie ahead:

    “We are particularly excited about the engagement with peer-to-peer payments (Pix) in Brazil, the significant uptake of our loyalty program Loop, and the record number of clients using our credit products. The new Private Payroll offering represents a key opportunity for Inter. It aligns perfectly with our business model: digital, low-cost distribution, scalable, and collateralized, with minimal overlap with our other consumer credit products.”

    About the 1Q25 results, he commented that, “Our commitment to cost control has allowed us to further widen the gap between net revenue growth and expenses, achieving an efficiency level of 48.8%. In addition, Inter continues to benefit from a diversified credit model, with improving underwriting resulting in another decrease in NPL ratio to 4.1%.

    “As we enter the third year of the 60/30/30 plan, we are proud that our results reflect the dedication, focus, and effectiveness of our team in implementing our strategy, delivering consistent, resilient growth and profitability.”

    Conference Call
    Inter&Co will discuss its 1Q2025 financial results on May 12th, 2025, at 11 a.m. ET (12 p.m. BRT). The webcast details, along with the earnings materials can be accessed on the company’s Investor Relations website at https://investors.inter.co/en/.

    About Inter
    Inter&Co (NASDAQ: INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneering financial super app serving over 37.7 million customers across the Americas. Inter’s ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border payments. The financial super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. Focused on innovation and captivating member experiences, Inter delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.

    Investor Relations:
    Rafaela de Oliveira Vitória – ir@inter.co

    Media Relations: 
    Kaio Philipe – kaio.philipe@inter.co 
    Chemistry Agency – interco@chemistryagency.com 

    Disclaimer
    This report may contain forward-looking statements regarding Inter, anticipated synergies, growth plans, projected results and future strategies. While these forward-looking statements reflect our Management’s good faith beliefs, they involve known and unknown risks and uncertainties that could cause the company’s results or accrued results to differ materially from those anticipated and discussed herein. These statements are not guarantees of future performance. These risks and uncertainties include, but are not limited to, our ability to realize the number of projected synergies and the projected schedule, in addition to economic, competitive, governmental and technological factors affecting Inter, the markets, products and prices and other factors. In addition, this presentation contains managerial figures that may differ from those presented in our financial statements. The calculation methodology for these managerial numbers is presented in Inter’s quarterly earnings release. Statements contained in this report that are not facts or historical information may be forward looking statements under the terms of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may, among other things, beliefs related to the creation of value and any other statements regarding Inter. In some cases, terms such as “estimate”, “project”, “predict”, “plan”, “believe”, “can”, “expectation”, “anticipate”, “intend”, “aimed”, “potential”, “may”, “will/shall” and similar terms, or the negative of these expressions, may identify forward looking statements.

    These forward-looking statements are based on Inter’s expectations and beliefs about future events and involve risks and uncertainties that could cause actual results to differ materially from current ones. Any forward-looking statement made by us in this document is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise. The definition of each such operational metric is included in the earnings release available on our Investor Relations website.

    For additional information that about factors that may lead to results that are different from our estimates, please refer to sections “Cautionary Statement Concerning Forward Looking Statements” and “Risk Factors” of Inter&Co Annual Report on Form 20-F. The numbers for our key metrics (Unit Economics), which include, among other, active clients and average revenue per active client (ARPAC), are calculated using Inter’s internal data. Although we believe these metrics are based on reasonable estimates, there are challenges inherent in measuring the use of our business. In addition, we continually seek to improve our estimates, which may change due to improvements or changes in methodology, in processes for calculating these metrics and, from time to time, we may discover inaccuracies and adjust to improve accuracy, including adjustments that may result in recalculating our historical metrics.

    About Non-IFRS Financial Measures
    To supplement the financial measures presented in this press release and related conference call, presentation, or webcast in accordance with IFRS, Inter&Co also presents non-IFRS measures of financial performance, as highlighted throughout the documents. The non-IFRS Financial Measures include, among others: Adjusted Net Income, Cost of Funding, Efficiency Ratio, Cost of Risk, Cards+PIX TPV, Gross ARPAC, Global Clients, Total Gross Revenues, and Return on average equity (ROE).

    A “non-IFRS financial measure” refers to a numerical measure of Inter&Co’s historical or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS in Inter&Co’s financial statements. Inter&Co provides certain non-IFRS measures as additional information relating to its operating results as a complement to results provided in accordance with IFRS. The non-IFRS financial information presented herein should be considered together with, and not as a substitute for or superior to, the financial information presented in accordance with IFRS. There are significant limitations associated with the use of non-IFRS financial measures. Further, these measures may differ from the non-IFRS information, even where similarly titled, used by other companies and therefore should not be used to compare Inter&Co’s performance to that of other companies.

    The MIL Network –

  • MIL-OSI Russia: The festive program “We need one Victory” was held at NSU on the eve of May 9

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    On May 7, a traditional celebration dedicated to the 80th anniversary of the end of the Great Patriotic War was held on the square in front of the main building of NSU. The event brought together not only NSU students and staff, but also residents of Akademgorodok.

    Many were united by the concert of front-line songs by student creative groups of NSU, who performed famous compositions from the back of a military vehicle.

    During the concert, several interactive platforms were operating in parallel: “Search Movement”, “Frontline Letters”, “Scientists to the Front”, “Military Hospital” and, of course, a field kitchen!

    — Colleagues, friends, I congratulate you on this wonderful, sacred holiday for our country — the 80th anniversary of the Great Victory. This is, of course, a holiday that has gone down in history forever. Our people, our army crushed the greatest evil of the 20th century — fascism. On the other hand, this day for us is a day of sorrow, because we paid an immeasurably high price for this Great Victory. The Soviet Union lost 27 million of its fellow citizens. We should more often remember those people who gave their lives for the freedom and independence of our Motherland, the countries of Europe and the world. Our main task is to preserve in the memory of the people, in the memory of the younger generation this heroic feat of the Soviet people and the soldiers-liberators. I congratulate you on this wonderful holiday and wish you well, a peaceful sky above your heads! — the rector of NSU, academician of the Russian Academy of Sciences Mikhail Fedoruk addressed the participants and guests of the festive program.

    A special part of the event was a retro fashion show in costumes from the pre-war and war years, a dance program and master classes. The concert “At the Soldier’s Campfire” in the park behind the NSU laboratory building added intimacy to the event.

    — I decided to take part in the retro fashion show because I wanted to be a part of this great holiday, to serve as a link in the transfer of memory between generations, and I am very grateful to the organizers for this opportunity. This year’s holiday left unforgettable impressions, and for me this day was the best of the entire academic year — it brought me the brightest emotions and a feeling of complete happiness! I was very happy to perform in public, and the master class on 1940s dances made me truly happy! I was also very impressed by the songs with a guitar in the courtyard of the old building of NSU — it was nice to listen to a wonderful performance of beautiful, eternal songs — songs with great meaning and memories of those distant days for us, — Polina Ryabova, a second-year master’s student, shared her emotions and impressions. Faculty of Economics, NSU.

    The creative groups that took part in the festive program were the NSU vocal studio “Million Voices”, the NSU Music Club, the historical dance studio “Medival”, the student association “Evening of Songs with a Guitar” and the NSU Academic Choir.

    The event partner was the Academburo (ANO KIC “Integral 2.0”).

    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: Beamr Issues Q1-2025 CEO Letter to Shareholders: Experiencing Rising Demand for Our Technology Across Key Verticals

    Source: GlobeNewswire (MIL-OSI)

    In Q1 2025, Beamr expanded sales pipelines amid growing traction from large-scale prospects, engaged in major industry events, and continued innovation in cloud and product offerings

    Herzliya, Israel, May 12, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer.

    Dear Shareholders:

    I am pleased to share with you our Q1-2025 activities, progress, and other recent updates, including the expansion of our sales initiatives, supported by growing traction from large-scale prospective customers, participation in leading industry events where we engaged with hundreds of attendees, and continued advancement of our strategic partnerships.

    Q1 2025 Highlights  – Capitalizing on Market Validation:

    Scaling Our Sales Pipelines

    Beamr’s value proposition continues to gain traction across verticals where video is central to business activity and its usage is growing rapidly. Our technology addresses critical challenges associated with large-scale video workflows, including storage, networking, and operational efficiency. These challenges are particularly acute in markets such as media and entertainment, user-generated content, and machine learning sectors, including internet-of-things and autonomous vehicles.

    During Q1 2025 and into early Q2 2025, Beamr expanded its sales team by adding two U.S.-based sales managers to strengthen outreach and responsiveness in our key geographic market. The company’s executives and sales directors conducted more than 130 face-to-face meetings with existing and prospective customers, as well as strategic partners. A significant portion of these meetings took place at three premier industry events: ACM Mile-High-Video 2025, NVIDIA GTC 2025, and the NAB Show 2025. During these engagements, Beamr showcased its high-quality, high-performance, GPU-accelerated video solutions, enabling efficient AI-powered video enhancements. 

    In the coming months, we aim to build on the expanding sales pipeline and growing industry recognition. We anticipate significant revenue growth in 2025, driven by the momentum established in customer and prospect engagements and continued implementation of our go-to-market strategy.

    Amazon Web Services – ISV Accelerate

    In Q1 2025, Beamr joined the AWS ISV Accelerate program, a global co-sell initiative for Amazon Web Services (AWS) partners, offering key benefits to drive visibility and co-selling opportunities. As an Independent Software Vendor (ISV) in the program, Beamr demonstrates strong alignment with AWS’s go-to-market strategies and initiatives. Beamr had progressed from listing on AWS Marketplace to becoming an ISV Accelerate Member in just three months.

    AI Video Webinar

    In January 2025, Beamr hosted a webinar titled: “The Future of AI Video – From Infrastructure to Experience”. The webinar featured Richard Kerris, VP of Media and Entertainment at NVIDIA, Jeffrey Schick, VP Strategic Client Engagement Media and Entertainment at Oracle and myself. 

    Participating in Premier Industry Events

    ACM Mile-High-Video 2025

    In February 2025, I delivered a keynote speech at the ACM Mile-High-Video 2025 conference, held in Denver, Colorado, titled “Is the future of video processing destined for GPU.” The conference is a flagship video formats and streaming event that is geared towards practicing engineers in areas related to media compression and streaming. 

    NVIDIA GTC 2025

    In March 2025, I presented a session showcasing how AI algorithms reshape video quality and usability and improve the efficiency of video workflows, at NVIDIA GTC in San Jose, California. The session attracted more than 430 attendees.

    Beamr CEO Sharon Carmel presenting at NVIDIA GTC 

    NAB Show 2025

    In April, 2025, Beamr participated in the NAB Show 2025 in Las Vegas, Nevada where we presented our solution for scalable, high-quality video content upgrade to the advanced AV1 codec. Our offering, paired with a simple, competitive pricing plan, addresses key adoption barriers to AV1, and received the NAB Show Product of the Year award. As part of the event, I delivered a presentation at the AWS theater and participated in a panel at the Oracle streaming summit. 

    Beamr’s AV1 solution wins the NAB Show Product of the Year award

    In February 2025, Beamr presented at the A.G.P.’s Virtual Technology Conference, and in March 2025 participated in the Loop Capital Markets 2025 Investor Conference. This month, we will participate in the Ladenburg Thalmann Technology Innovation Expo in New York and participate virtually in the Needham Technology, Media & Consumer 1×1 Conference.

    In January 2025, I was interviewed for the Wall Street Resource Podcast (Listen to the full interview here), after an interview at Nasdaq as part of their Amplify Spotlight interview series in December 2024 (Watch the full interview here).

                                  
    Developing the Beamr Cloud and Product Offering

    In recent months, we enhanced our SaaS, Beamr Cloud, with new capabilities addressing evolving needs of customers and prospects, including:

    • Increasing subjective and objective video quality.
    • A competitive, flexible pricing model with tiered, minutes-based plans that support video business growth, offered alongside storage-based pricing tailored to companies with heavy video usage.
    • A “Playground” designed to provide new users with an engaging and intuitive experience for evaluating Beamr’s services.

    Beamr GPU-accelerated, high-quality, and scalable video solutions extend beyond Beamr Cloud to include offerings on our partner cloud platforms, AWS and Oracle Cloud Infrastructure (OCI), private cloud and enterprise-tailored deployments with improved security and privacy, and on-premises deployments.

    Strengthening the Beamr Team

    To support our expanding research and development, sales and marketing initiatives, we hired six new team members across our offices in Herzliya, Serbia and the US, during Q1 2025 and early Q2 2025. New hires include engineers, a product growth lead, and directors of sales.
        
    Financial highlights*

    During the three month period ended March 31, 2025, we generated approximately $0.63M in revenue, compared with $0.41M in the three months ended March 31, 2024, representing a 55% year over year increase, which was primarily attributable to the earlier recognition of a significant legacy license renewal in Q1-2025 that was previously renewed in Q2-2024. Our balance sheet remains strong with $15.2M of cash and cash equivalents, as of March 31, 2025.
        
    The first quarter of 2025 marked a strong start to the year, with multiple opportunities to present our vision and showcase our technology and solutions to hundreds of professionals and executives in the video industry across multiple verticals. We continue to see growing interest in our offerings, highlighting both rising demand and expanding market validation. Notably, we believe that increased engagement from larger industry players signals a promising outlook for the company’s business development in the months ahead. We remain focused on implementing our vision and believe that Beamr will continue to capitalize on the significant validation that we have been creating as we convert prospects in the sales funnel into significant revenue growth in the coming quarters.

    Respectfully,

    Sharon Carmel
    Chief Executive Officer, Beamr Imaging Ltd.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization, trusted by top media companies, including Netflix and Paramount. Beamr’s perceptual optimization technology (CABR) is backed by 53 patents and an Emmy® Award for Technology and Engineering winner. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-accelerated video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables high-performance, cost-effective video modernization to advanced formats, such as AV1, and efficient AI-powered enhancements.

    For more details, please visit www.beamr.com or the investors’ website www.investors.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition, including its expectations for significant revenue growth in 2025. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:
    investorrelations@beamr.com

    * This unaudited preliminary financial information regarding our revenues for the three months and quarter ended March 31, 2025, is based upon our estimates and subject to completion of our quarter-end financial results. Moreover, this financial information has been prepared solely on the basis of currently available information by, and is the responsibility of, management. Our independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to such preliminary estimates or the accounting treatment thereof and does not express an opinion or any other form of assurance with respect thereto. This preliminary financial information is not a comprehensive statement of our financial results for this period.

    The MIL Network –