NewzIntel.com

Category: Economy

  • MIL-OSI: Advantage Solutions Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Supporting clients through a challenging operating environment

    Continuing to make progress on transformation initiatives that will streamline operations

    Management lowers guidance to reflect heightened market uncertainty

    ST. LOUIS, May 12, 2025 (GLOBE NEWSWIRE) — Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three months ended March 31, 2025.

    Unless otherwise noted, results presented in this release are from continuing operations, and comparisons are on a prior year basis. Revenues for the three months were $822 million compared with $861 million, and net loss was $56 million compared to a net loss of $50 million.

    Q1 2025 Financial Highlights
    ►   Revenues declined 5% to $822 million. Adjusted EBITDA declined 18% to $58 million.
    ►   The majority of the financial impact was due to intentional client exits and anticipated transformation spending. Labor shortages in some regional pockets and a decline in retail inventory, resulting in lower order volumes, were contributing factors.
    ►   The Company remains focused on disciplined capital allocation with voluntary debt repurchases and share buybacks of approximately $20 million and $1 million, respectively.


    “I am proud of the support we delivered to our clients in the first quarter as our teammates demonstrated a relentless focus during a highly uncertain time,” said Advantage CEO Dave Peacock. “Demand remains healthy in our business across Experiential and Retailer Services, and Branded Services continues to take steps towards greater stability. While we must acknowledge near-term risk from macro-uncertainty as reflected in our updated guidance, I am excited by developments in our new business pipeline and our transformation initiatives, which remain on track to drive efficiency while enhancing growth and cash flow in 2026 and beyond.”

    Consolidated Financial Summary from Continuing Operations
    (amounts in thousands) Three Months Ended March 31,   Change (Reported)
      2025     2024   $   %
    Total Revenues $ 821,792     $ 861,412   $ (39,620)     (4.6 %)
    Total Net Loss $ (56,130)     $ (50,133)   $ (5,997)     12.0 %
    Total Adjusted EBITDA $ 58,181     $ 70,639   $ (12,458)     (17.6 %)
    Adjusted EBITDA Margin   7.1%       8.2%          


    The complete earnings release can be found     here.

    Media Contact: press@youradv.com
    Investor Contact: investorrelations@youradv.com

    Conference Call Details
    Date/Time  May 12, 2025, 8:30 am EDT
    Dial-in 
    (10 minutes before the call)     		 800-267-6316 within the United States or +1-203-518-9783 outside the United States
    Dial-in Code: ADVQ1
    Webcast  Available at: ADV 1Q 2025 Earnings Webcast
    Replay  844-512-2921 within the United States or +1-412-317-6671 outside the United States
    Replay ID: 11158789


    About Advantage Solutions

    Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it’s creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit YourADV.com.

    Included with this press release are the Company’s consolidated and condensed financial statements as of and for the three months ended March 31, 2025. These financial statements should be read in conjunction with the information contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 7, 2025.

    Forward-Looking Statements

    Certain statements in this press release may be considered forward-looking statements within the meaning of the federal securities laws, including statements regarding the expected future performance of Advantage’s business and projected financial results. Forward-looking statements generally relate to future events or Advantage’s future financial or operating performance. These forward-looking statements generally are identified by the words “may”, “should”, “expect”, “intend”, “will”, “would”, “could”, “estimate”, “anticipate”, “believe”, “predict”, “confident”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Advantage and its management at the time of such statements, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, market-driven wage changes or changes to labor laws or wage or job classification regulations, including minimum wage; future potential pandemics or health epidemics; Advantage’s ability to continue to generate significant operating cash flow; client procurement strategies and consolidation of Advantage’s clients’ industries creating pressure on the nature and pricing of its services; consumer goods manufacturers and retailers reviewing and changing their sales, retail, marketing and technology programs and relationships; Advantage’s ability to successfully develop and maintain relevant omni-channel services for our clients in an evolving industry and to otherwise adapt to significant technological change; Advantage’s ability to maintain proper and effective internal control over financial reporting in the future; Advantage’s substantial indebtedness and our ability to refinance at favorable rates; and other risks and uncertainties set forth in the section titled “Risk Factors” in the Annual Report on Form 10-K filed by the Company with the SEC on March 7, 2025, and in its other filings made from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Advantage assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Financial Measures and Related Information

    This press release includes certain financial measures not presented in accordance with generally accepted accounting principles (“GAAP”), including Adjusted EBITDA from Continuing Operations, Adjusted EBITDA from Discontinued Operations, Adjusted EBITDA by Segment, Adjusted Unlevered Free Cash Flow and Net Debt. These are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Advantage’s financial results. Therefore, the measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP, and should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that Advantage’s presentation of these measures may not be comparable to similarly titled measures used by other companies. Reconciliations of historical non-GAAP measures to their most directly comparable GAAP counterparts are included below.

    Advantage believes these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to Advantage’s financial condition and results of operations. Advantage believes that the use of Adjusted EBITDA from Continuing Operations, Adjusted EBITDA from Discontinued Operations, Adjusted EBITDA by Segment, Adjusted Unlevered Free Cash Flow, and Net Debt provide an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing Advantage’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Additionally, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore Advantage’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies.

    Adjusted EBITDA from Continuing Operations, Adjusted EBITDA from Discontinued Operations and Adjusted EBITDA by Segment are supplemental non-GAAP financial measures of our operating performance. Adjusted EBITDA from Continuing Operations and Adjusted EBITDA from Discontinued Operations mean net (loss) income before (i) interest expense (net), (ii) provision for (benefit from) income taxes, (iii) depreciation, (iv) amortization of intangible assets, (v) impairment of goodwill, (vi) changes in fair value of warrant liability, (vii) stock based compensation expense, (viii) equity-based compensation of Karman Topco L.P., (ix) fair value adjustments of contingent consideration related to acquisitions, (x) acquisition and divestiture related expenses, (xi) (gain) loss on divestitures, (xii) restructuring expenses, (xiii) reorganization expenses, (xiv) litigation expenses (recovery), (xv) costs associated with the Take 5 Matter, (xvi) EBITDA for economic interests in investments and (xviii) other adjustments that management believes are helpful in evaluating our operating performance.

    Adjusted EBITDA by Segment means, with respect to each segment, operating income (loss) from continuing operations before (i) depreciation, (ii) amortization of intangible assets, (iii) impairment of goodwill, (iv) stock based compensation expense, (v) equity-based compensation of Karman Topco L.P., (vi) fair value adjustments of contingent consideration related to acquisitions, (vii) acquisition and divestiture related expenses, (viii) restructuring expenses, (ix) reorganization expenses, (x) litigation expenses (recovery), (xi) costs associated with the Take 5 Matter, (xii) EBITDA for economic interests in investments and (xiii) other adjustments that management believes are helpful in evaluating our operating performance, in each case, attributable to such segment.

    Adjusted EBITDA Margin means Adjusted EBITDA from Continuing Operations divided by total revenues. 

    Adjusted Unlevered Free Cash Flow represents net cash provided by (used in) operating activities from continuing and discontinued operations less purchase of property and equipment as disclosed in the Statements of Cash Flows further adjusted by (i) cash payments for interest, (ii) cash received from interest rate derivatives, (iii) cash paid for income taxes; (iv) cash paid for acquisition and divestiture related expenses, (v) cash paid for restructuring expenses, (vi) cash paid for reorganization expenses, (vii) cash paid for contingent earnout payments included in operating cash flow, (viii) cash paid for costs associated with the Take 5 Matter, (ix) net effect of foreign currency fluctuations on cash, and (x) other adjustments that management believes are helpful in evaluating our operating performance. Adjusted Unlevered Free Cash Flow as a percentage of Adjusted EBITDA means Adjusted Unlevered Free Cash Flow divided by Adjusted EBITDA from Continuing Operations and Adjusted EBITDA from Discontinued Operations.

    Net Debt represents the sum of current portion of long-term debt and long-term debt, less cash and cash equivalents and debt issuance costs. With respect to Net Debt, cash and cash equivalents are subtracted from the GAAP measure, total debt, because they could be used to reduce the debt obligations. We present Net Debt because we believe this non-GAAP measure provides useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and to evaluate changes to the Company’s capital structure and credit quality assessment.

    Advantage Solutions Inc.
    Reconciliation of Net Income (Loss) to Adjusted EBITDA
    (Unaudited)
     
    Continuing Operations   Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net loss from continuing operations   $ (56,130 )   $ (50,133 )
    Add:            
    Interest expense, net     34,360       35,761  
    Provision for (benefit from) income taxes from continuing operations     7,139       (15,865 )
    Depreciation and amortization     50,361       49,748  
    Changes in fair value of warrant liability     10       287  
    Stock-based compensation expense (a)     6,485       8,554  
    Equity-based compensation of Karman Topco L.P. (b)     (1,524 )     390  
    Fair value adjustments related to contingent consideration related to acquisitions (c)     —       778  
    Acquisition and divestiture related expenses (d)     423       440  
    Restructuring expenses (e)     931       —  
    Reorganization expenses (f)     12,240       35,052  
    Litigation expenses (g)     523       284  
    Costs associated with the Take 5 Matter (h)     308       240  
    EBITDA for economic interests in investments (i)     3,055       5,103  
    Adjusted EBITDA from Continuing Operations   $ 58,181     $ 70,639  
                     
    (a)   Represents non-cash compensation expense related to performance stock units, restricted stock units, and stock options under the 2020 Advantage Solutions Incentive Award Plan and the Advantage Solutions 2020 Employee Stock Purchase Plan.
    (b)   Represents expenses related to equity-based compensation expense associated with grants of Common Series D Units of Karman Topco L.P. made to one of the sponsors of Advantage.
    (c)   Represents adjustments to the estimated fair value of our contingent consideration liabilities related to our acquisitions, for the applicable periods.
    (d)   Represents fees and costs associated with activities related to our acquisitions, divestitures, and related activities, including professional fees, due diligence, and integration activities.
    (e)   Restructuring charges including programs designed to integrate and reduce costs intended to further improve efficiencies in operational activities and align cost structures consistent with revenue levels associated with business changes. Restructuring expenses include costs associated with the Voluntary Early Retirement Program and employee termination benefits associated with a reduction-in-force and other optimization initiatives.
    (f)   Represents fees and costs associated with various internal reorganization activities, including professional fees, lease exit costs, severance, and nonrecurring compensation costs.
    (g)   Represents legal settlements, reserves, and expenses that are unusual or infrequent costs associated with our operating activities.
    (h)   Represents costs associated with collection and remediation activities related to the Take 5 Matter, primarily professional fees and other related costs.
    (i)   Represents additions to reflect our proportional share of Adjusted EBITDA related to our equity method investments and reductions to remove the Adjusted EBITDA related to the minority ownership percentage of the entities that we fully consolidate in our financial statements.

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes OMV AG to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced OMV AG (Vienna Stock Exchange: OMV; OTCQX: OMVKY, OMVJF), an integrated sustainable chemicals, fuels, and energy company, has qualified to trade on the OTCQX® Best Market. OMV AG upgraded to OTCQX from the Pink® market.

    OMV AG begins trading today on OTCQX under the symbols “OMVKY” and “OMVJF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are pleased to announce our upgrade to the OTCQX® Best Market. With a strong foundation of international investors, this move further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors and it provides them with an opportunity to participate in OMV’s growth and financial strength. Based on our strong balance sheet, OMV is a sector leader in shareholder distributions, with a strong track record of consistently delivering value to its investors. We look forward to sharing our equity story and warmly welcoming new investors to join us on this journey,” said Reinhard Florey, Chief Financial Officer.

    About OMV AG
    It is our purpose to re-invent essentials for sustainable living. OMV is transitioning to become an integrated sustainable chemicals, fuels and energy company with a focus on circular economy solutions. By gradually switching over to the low carbon business, OMV is striving to achieve net zero by 2050 at the latest. In 2024, the company generated revenues of 34 billion euros with a diverse and talented workforce of around 23,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US as American Depository Receipts (OMVKY). For more information, please visit www.omv.com. 

    About OTC Markets Group Inc.

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

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

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

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

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Northisle Copper and Gold Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Northisle Copper and Gold Inc. (TSX-V: NCX; OTCQX: NTCPF), a Vancouver-based sustainable mineral resource company, has qualified to trade on the OTCQX® Best Market. Northisle Copper and Gold Inc. upgraded to OTCQX from the Pink® market.

    Northisle Copper and Gold Inc. begins trading today on OTCQX under the symbol “NTCPF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    Sam Lee, President & CEO of Northisle, commented: “We are excited to begin trading on OTCQX, which will provide greater accessibility and visibility for Northisle among U.S. investors as we continue advancing our compelling North Island copper-gold project. With a recently completed PEA outlining a C$2.0 billion after-tax NPV and a 29% IRR, and a 2025 exploration program already underway targeting higher-margin zones and new porphyry centers, Northisle is at an inflection point. Our focus on responsible development, stakeholder engagement, and district-scale opportunity in a tier-one jurisdiction positions us to deliver long-term value. We look forward to welcoming new shareholders to participate in this exciting phase of growth.”

    About Northisle Copper and Gold Inc.
    Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle, through its 100% owned subsidiary North Island Mining Corp., owns the North Island Project, which is one of the most promising copper and gold porphyry projects in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometers northwest from the now closed Island Copper Mine operated by BHP Billiton. Since 2021, the Company has discovered two significant deposits, expanded resources, demonstrated the economic potential of the project, and is now focused on accelerating the advancement of this compelling project while exploring within this highly prospective land package.

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

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

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

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

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

  • MIL-OSI United Kingdom: England’s peatlands mapped for first time in major step towards their recovery

    Source: United Kingdom – Executive Government & Departments

    Press release

    England’s peatlands mapped for first time in major step towards their recovery

    England’s most in-depth peatland map shows the extent, depth and condition of our peatlands

    • Scientific first made possible due to satellite imagery, AI and in-depth data analysis showing the extent, depth and condition of our peatlands
    • Data reveals that around 80% of England’s peatlands are in dry and degraded states, but targeted mapping will now help aid their recovery
    • Restoring 55% of peatland would have a value of around £50 billion in reduced carbon emissions alongside benefits for water storage and purification

    Scientists have mapped England’s peatlands to a level of extraordinary detail never achieved before – revealing their worrying, degraded state and need for recovery.

     The England Peat Map launched today (Saturday 10th May) is the most complete map of England’s peatlands and peaty soils to date and one’s of the world’s most comprehensive peat maps in existence. Our peatlands are a critical natural resource providing essential public goods such as carbon sequestration , water purification and storage – helping protect communities from flooding.

    The map models the extent, depth, and important aspects of the condition of our peat, including vegetation, and even shows gullies and man-made and natural drainage channels and has been produced using cutting edge techniques.

    Researchers used AI, satellite data from the European Space Agency, individual data sets from field surveys and modelled to identify the likelihood of peaty soils, and marks a step change in our ability to make decisions about land use and target conservation activities where they’re most needed.

    The map, published alongside key research, shows:

    • Peaty soil covers roughly 8.5% of England’s surface
    • Around 80% of England’s peatlands are in dry and degraded states, making this an area in need of urgent action
    • Around three quarters of our peat is covered by plants and land use types associated with dryer conditions such as heather, while only 1% is covered by important peat forming plants such as sphagnum moss
    • The most extensive peatland habitat is to be found across the Pennines, North York Moors, parts of the Lake District, and in the uplands of the South West.

    The findings present a worrying picture of widely degraded peat from the blanket bog most associated with our northern uplands to the lowland deep peat found most commonly in the fens of the East England.

    Degraded peat also emits carbon, meaning that our peatlands are releasing carbon into the atmosphere and helping drive global heating. Understanding how much peat we have is the first step to calculating how much carbon it holds and how much it’s releasing – vital information as we work together to combat climate change.

    The open source map available today on gov.uk will empower land managers and key decision makers to better understand and restore the nation’s peatland– for example, blocking drainage channels to re-wet the land and support better informed decisions on how to effectively balance biodiversity and carbon storage with food security in some of England’s most fertile farmland.

    Restoring peatland will bring benefits for nature, communities, and the wider economy. Estimates suggest restoring 55% of peatland to near-natural condition will have a value of around £50 billion in reduced carbon emissions, while their value as a source of drinking water and recreation space is worth many hundreds of millions of pounds.

    Natural England’s Chief Scientist Dr Sallie Bailey said:

    Trying to map something that’s largely underground, changes in volume depending whether it’s rained recently, and tries to swallow you up every time you set foot in it comes with its challenges, which makes this map extraordinary in its accomplishment and something of a global first.

    Mapping peat to this level of detail will help us maximise the benefits of peat and massively advances our understanding the role our peatlands are playing in a changing climate.

    Natural England Chair Tony Juniper said:

    The benefits of healthy peatlands are well documented – they are our biggest natural carbon stores, essential to the water cycle, and refuge to some of our rarest plants and wildlife, such as the carnivorous sundew plant, marsh violet, and charismatic birds like golden plover and curlew.

    The England Peat Map will allow us to make far better and more informed decisions when it comes to managing peatlands – targeting restoration efforts to the most degraded peat and identifying the best opportunities for nature recovery.

    Nature Minister Mary Creagh said:

    Our peatlands are this country’s Amazon Rainforest and in desperate need of restoration and protection, as this mapping and research work starkly demonstrates.

    That is why we have announced up to £400m for nature restoration, including of our peatlands, and are consulting on new plans to extend the ban on burning deep peat. This government, as part of our Plan for Change,  are committed to expanding nature-rich habitats and turning the tide on nature’s decline after years of neglect.

    Notes to editors

    • The full peat map can be found here: England Peat Map
    • The accompanying report can be found here: England Peat Map – NERR149
    • The report and map have been funded through Defra’s Natural Capital and Ecosystem Assessment programme (NCEA) and Nature for Climate Fund.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Community grant fund opens for applications to help people in need

    Source: St Albans City and District

    Publication date:

    Community groups and charities in St Albans District that help people in need can apply for grants of up to £2,000.

    St Albans City and District Council has launched its Community Project Fund for 2025/26.

    The fund supports projects that benefit the community and are in keeping with the Council’s equality, diversity and inclusion strategy.

    Grants from £200 to £2,000 are available and are intended to help finance time-limited projects run by smaller organisations.

    The first round of applications has opened and will close on Monday 30 June. 

    Interested groups are encouraged to attend an information session about how to apply which will be held in-person at the Civic Centre and online on Wednesday 14 May, 5.30pm to 6.30pm.

    Anyone wishing to attend or receive a Teams link, should email: vcsgrants@stalbans.gov.uk 

    Communities 1st will be attending the session and can provide support to applicants.

    Information on how apply, including the application form and detailed criteria is also available on these web pages:  https://www.stalbans.gov.uk/grants.

    Councillor Sarwar Shamsher, the Council’s Lead for Inclusion, said:

    We are pleased that we can continue to offer community grants despite the severe financial pressures on our budget.

    I know this financial support is of immense help to the District’s voluntary and community groups.

    The Community Project Fund can support a wide range of activities to improve people’s wellbeing and form a significant part of our equality, diversity and inclusion strategy.

    The groups that benefit do a great deal of important work, supporting thousands of people across the District.

    Projects helped in 2024-25 by the Community Project fund included:

    • Truefitt Collective Dance Theatre: received £1,700 creative workshops in mindfulness and movement to provide early intervention and support wellbeing children aged 8-11 years old.
    • DS Achieve: received £1,024.60 for a weekly social communication and skills group, enabling children and young people with Down Syndrome to reach their potential.

    There will be a second round for applications opening in September 2025 and possibly a third round in January 2026 depending on funding allocation in the two previous rounds. 

    Contact for the media: John McJannet, Principal Communications Officer, 01727 819533, john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Financial News: The Next Session of Online Financial Literacy Lessons for Schoolchildren Will Be Held in a New Format

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The new session starts after the summer holidays. For the first time, lessons will be held in a game format. The lessons are united by a common plot that unfolds in the city of finance. Schoolchildren and students will help superheroes during the game.

    “Online lessons on financial literacy have been held for 10 years. Of course, there is a need to update them to keep up with the times. We studied the opinions of teachers and students, experimented with different approaches. In one of the pilot lessons, schoolchildren helped residents of a magical city cope with inflation, solving interactive problems along the way. This game-like presentation of educational material increases the interest of schoolchildren and helps them learn complex topics. Therefore, we decided to develop the idea of a game format and expect that this will also lead to an increase in our audience,” said Mikhail Mamuta, Head of the Service for the Protection of Consumer Rights and Ensuring the Availability of Financial Services of the Bank of Russia.

    During the completed spring session, more than 850 live broadcasts were held on 29 topics of financial literacy and career guidance. Almost 55% of Russian schools and more than 60% of colleges and technical schools joined the classes. In the spring, online lessons were viewed more than 3 million times.

    One of the most popular topics of the completed session was financial security: lessons on combating cyber fraud gained more than 380 thousand views. Thus, representatives of the Bank of Russia told schoolchildren and students how to protect themselves from fraudsters and not become a dropper.

    The Bank of Russia has been conducting online lessons on financial literacy since 2015. Follow the project news on the website.

    Preview photo: CrispyPork / Shutterstock / Fotodom

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24591

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Viktor Vladimirovich Gerashchenko Dies

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    On May 11, Viktor Vladimirovich Gerashchenko died at the age of 88.

    A bright, talented person, he headed the State Bank of the USSR and the Bank of Russia during a turning point in the country’s history. In difficult conditions, Viktor Vladimirovich made a significant contribution to the formation and development of the modern banking system after the collapse of the USSR, and to financial stabilization after the 1998 crisis.

    The management of the Bank of Russia expresses its condolences to the family and friends of Viktor Vladimirovich.

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24592

    MIL OSI Russia News –

  • Maldives thanks India for offering $50 million financial support

    Source: Government of India

    Source: Government of India (4)

    Maldives, on Monday, expressed gratitude to India for offering a Government Treasury Bill of $50 million, which has supported the island nation in its fiscal reform efforts towards economic stability.

    Maldivian Foreign Minister Abdulla Khaleel thanked External Affairs Minister (EAM) S. Jaishankar and the Indian government for offering the timely financial assistance.

    “I express my sincere gratitude to EAM S Jaishankar and the Government of India for extending crucial financial support to the Maldives through the rollover of the $50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between the Maldives & India and will support the government’s ongoing efforts to implement fiscal reforms for economic resilience,” Khaleel posted on X.

    On the request of the Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a $50 million Government Treasury Bill issued by the Ministry of Finance of Maldives, said the High Commission of India, Maldives in a press release.

    “Since March 2019, Government of India has been facilitating subscription of several such Treasury Bills by the SBI and rolling them over, annually, interest-free to the Government of Maldives. This has been done under a unique Government-to-Government arrangement, as emergency financial assistance to Maldives,” it stated

    India considers the Maldives as a key maritime neighbour and an important partner in its ‘Neighbourhood First’ policy and Vision ‘MAHASAGAR’ i.e. Mutual and Holistic Advancement for Security and Growth Across Regions.

    “India has assisted Maldives in times of need and the subscription of this Treasury Bill, along with, the Government of India’s decision earlier this year to extend the special quota for export of essential commodities for Maldives, reflect India’s continued support to the Government and the people of the Maldives,” it further added.

    In February, the Ministry of External Affairs (MEA) allocated Rs 5,483 crore for aid to foreign nations, slightly higher than last year’s Rs 4,883 crore, which was announced in the Union Budget 2025-26.

    The Maldives received the maximum increase in assistance, from Rs 470 crore in the revised 2024-25 budget to Rs 600 crore in 2025-26.

    In January, EAM Jaishankar, during his meeting with Abdulla Khaleel, said that the Maldives remains a “concrete expression” of India’s ‘Neighbourhood First’ policy and New Delhi has always stood by the Indian Ocean archipelago, especially when it comes to giving financial support during challenging times.

    “We have increased our engagements in various sectors, and I want to emphasise that India has always stood by the Maldives. You are a concrete expression of our ‘Neighbourhood First’ policy,” said EAM Jaishankar.

    Khaleel, on his part, had appreciated the timely emergency financial assistance extended by India to Maldives in times of need, reflecting India’s role as the “First Responder” of Maldives.

    He reaffirmed the Maldivian government’s firm commitment to work closely with the Government of India in realising the Joint Vision for India-Maldives Comprehensive Economic and Maritime Security Partnership.

    (IANS)

  • MIL-OSI USA: Rep. Craig Introduces Bill to Cut Taxes for Small Business Owners

    Source: United States House of Representatives – Congresswoman Angie Craig (MN-02)

    WASHINGTON, DC – Today, during Small Business Week, U.S. Representative Angie Craig re-introduced her bill to cut taxes for small businesses and put more money back into Minnesotans’ pockets. 

     Rep. Craig’s Small Business Tax Relief Act will cut the corporate tax rate for small businesses to 18%, increase the self-employment tax deduction for small business owners and help reduce the national deficit.

    “Small businesses are the backbone of Minnesota’s economy, and we should be doing everything we can to make it easier for them to start and grow their operations,” said Rep. Craig. “While the Administration remains hell-bent on advancing a tax cut for billionaires and corporations, I’m leading the charge to cut taxes for working Minnesotans and small business owners.” 

     Full text of the Small Business Tax Relief Act can be found here.

    ###

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Government announces confirmed Chair and Board appointments to the S4C Board

    Source: United Kingdom – Executive Government & Departments

    News story

    Government announces confirmed Chair and Board appointments to the S4C Board

    Delyth Evans is confirmed as the new Chair of S4C. Denise Lewis Poulton is reappointed and five new appointments have been made to the Board.

    Delyth Evan

    Delyth Evans’ term as Chair commenced on 1 May 2025 and will last for 4 years. Delyth Evans appeared before the Welsh Affairs Committee on Wednesday 23rd April for pre- appointment scrutiny. The Committee published their report on Friday 25 April, endorsing the appointment. The Government’s response to the Committee’s report was published on 30 April 2025. 

    This process for appointing the Chair of S4C is set out in the Broadcasting Act 1990.    

    Ministers were assisted in their decision-making by an Advisory Assessment Panel which included a departmental official and a senior independent panel member approved by the Commissioner for Public Appointments. The Welsh Government and UK Government Wales office were also represented on the Panel. 

    Delyth has declared she worked as a speechwriter for John Smith MP, Leader of the Labour Party between 1992-94. She worked as a special adviser to Alun Michael, First Minister of the Welsh Assembly between 1999-2000. She became a Member of the Welsh Assembly, representing the Mid and West Wales constituency for the Labour Party, between 2000-2003. She stood as a Labour Parliamentary Candidate for the Carmarthen West and South Pembrokeshire Constituency at the 2015 General Election. She has not undertaken any political activity since 2015.

    Denise Lewis Poulton is reappointed to the Board

    Denise is an experienced non-executive director, trustee and senior advisor to private, public and third sector bodies. She specialises in strategic communications, brand and corporate affairs. She spent her corporate career primarily as a senior director at international telecommunications companies such as Bell Canada plc, Cable & Wireless Communications plc and Orange plc. She went on to set up a consultancy business advising a number of cultural, media and public sector organisations including the Welsh Government, The Senedd S4C and the Millennium Centre in Cardiff.

    Denise is a Trustee of the National Lottery Heritage Fund and National Heritage Memorial Fund and Chair of the Wales Committee. She has also chaired the NLHF’s Grant-in-Aid programme on behalf of Welsh Government. She has served as a Trustee and Non-Executive Director with several charitable and national cultural organisations including The Welsh National Opera, the Hay Literary Festival and The Wallace Collection in London. She is an Honorary Lifetime Fellow of BAFTA.

    Five new Board Members have been appointed to the Board of S4C

    William Dyfrig Davies

    William Dyfrig Davies is an experienced leader in the Welsh media industry with 30 years of experience in radio, television, and digital content creation. Starting as a researcher, he was trained as Director, Producer, Executive Producer, and ultimately Managing Director of Telesgop Independent Media Company before retiring earlier this year. Davies played a key role in TAC (Independent TV Production Association) for many years, serving as Chair for over three years. His extensive expertise in the Welsh production sector equips him to tackle the challenges faced by industry professionals. He is experienced in dealing with broadcasters, politicians and industry leaders. He chaired the Urdd, the youth movement of Wales, where he honed skills in guiding organizations through strategic changes during the covid pandemic. He remains a trustee and believes strongly in promoting opportunities for the youth of Wales. 

    A strong advocate for S4C’s independence, Dyfrig Davies  believes in its vital role in promoting Welsh language, culture, and the economy. His interests lie in Welsh culture and sports. Recently, he returned to his roots to support family businesses in west Wales.

    William Dyfrig Davies declared he has canvassed in the past on behalf of Plaid Cymru for county council/local authority, Senedd and Parliament elections, but not for at least 10 years.

    Dr Gwennllian Lansdown-Davies

    Dr Gwenllian Lansdown Davies is originally from Bangor but now lives with her husband and four children in Llanerfyl, Powys.  After being elected to represent Riverside on Cardiff County Council in 2004, she worked as Office Manager for Leanne Wood MS in the Rhondda before being appointed Plaid Cymru’s Chief Executive in 2007. After working for the Coleg Cymraeg Cenedlaethol at Aberystwyth University, she became Chief Executive of Mudiad Meithrin (a voluntary organisation and main provider and enabler of Welsh- medium early years childcare and education in the voluntary sector with over 1000 settings all over the country) in 2014.

    Gwenllian is on the Board of the Commission for Tertiary Education and Research and the National Lottery Fund in Wales and volunteers at her local Cylch Meithrin on the committee as the RI.

    Dr Gwenllian Lansdown Davies declared she obtained office as a Plaid Cymru Councillor (2004-2011), Stood as a candidate for Plaid Cymru where she stood for the last time in 2008 as Councillor and MEP and has spoken on behalf of the Plaid Cymru CEO until 2011.  She has acted as a political agent for the Plaid Cymru CEO until 2011 and was a branch official. She has also canvassed on behalf of the party until 2011.

    Catryn Ramasut

    Catryn Ramasut is a strategic leader and entrepreneurial media practitioner with over 25 years of experience in the creative industries and arts organisations. A Cardiff-born, Welsh-speaking woman of mixed heritage, she brings a unique perspective to Wales’s cultural landscape. Catryn co-founded and served as Managing Director of award-winning ie ie productions, producing acclaimed films like “American Interior” and “Rockfield: The Studio on the Farm,” alongside critically recognised television content. Recently, she co-produced “Brides,” which premiered at the 2025 Sundance Film Festival.

    She represents Wales on the DCMS Creative Industries Council, was the inaugural Chair of Creative Wales, Welsh Government and a board member of Chapter Arts Centre. Catryn has recently been appointed Director of Arts at Arts Council of Wales, where she provides strategic leadership across the sector. Committed to revitalising Wales’s creative industries, Catryn combines cultural sensitivity with strategic innovation to develop a forward-thinking vision that embraces diversity, nurtures talent, and showcases Welsh creativity on the international stage.

    Catryn has declared she has applied independently but has no other political activity.

    Wyn Innes

    Wyn is a Chartered Accountant, who trained with Grant Thornton and Price Waterhouse with over 30 years experience working in both the Public and Private Sectors. He is currently Chief Financial Officer and Board Director of Ogi, Wales’s largest independent full fibre broadband business.

    Previously Wyn worked in both London and Cardiff in executive, financial and commercial roles. He was Managing Director of S4C’s commercial companies for 7 years. This included being CEO of SDN, a Digital Television Multiplex Company which he oversaw the sale of to ITV. Wyn was born in Cardiff and attended Bryntaf Cardiff’s only Welsh language Primary school at the time, and Ysgol Gyfun Llanhari. He is passionate about extending the role of the Welsh language and sees S4C as having a pivotal role in this endeavour. Married with three grown up children, in his spare time he enjoys playing cricket, golf and running whenever he can.

    Wyn Innes declared he has undertaken no political activity.

    Betsan Powys

    Betsan Powys was, for nearly three decades, a BBC journalist, a news and current affairs reporter and for some years, a member of the ITV Wales Current Affairs team. She won BT and BAFTA Wales journalism awards and became part of the prestigious BBC Panorama reporting team, before returning to Cardiff to cover the impact of devolution as BBC Wales Political Editor. She was responsible for leading BBC Wales’ election and referendum broadcasting for many years, appearing regularly on both network television and radio. Betsan became Editor of Welsh language radio and online services and subsequently, a BBC Wales board member. For some years now she’s been working as a freelance and is proud to have been honoured with fellowships of Aberystwyth University and the Radio Academy.

    Betsan Powys has declared she has undertaken no political activity.

    Notes to Editors

    • S4C (Sianel Pedwar Cymru, meaning “Channel 4 Wales”) is a British Welsh-language free-to-air television channel. 
    • The Chair of S4C is remunerated at £40,000 per annum and the time commitment will be equivalent to an average of two days a week.  
    • The Board members of S4C are remunerated at £9,650 per annum and the time commitment is on average of one day a week.The Broadcasting Act sets out how the Chair will be appointed.  
    • These appointments have been made in accordance with the Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments.
    • DCMS has around 400 regulated Public Appointment roles across 42 Public Bodies including Arts Council England, Theatres Trust, the National Gallery, UK Sport and the Gambling Commission. We encourage applications from talented individuals from all backgrounds and across the whole of the United Kingdom.  To find out more about Public Appointments or to apply visit the HM Government Public Appointments Website.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Change to health board escalation

    Source: Scottish Government

    Additional support for NHS Grampian

    NHS Grampian has been escalated to Stage 4 of NHS Scotland’s National Performance Framework for finance, leadership and governance.

    This follows concerns about the board’s financial position, plans, leadership and governance and the impact these may have on the delivery of local services.

    The Scottish Government will oversee the development and delivery of NHS Grampian’s Improvement Plan to address concerns in spending.

    Health Secretary Neil Gray said:

    “Staff in NHS Grampian continue to work tirelessly to deliver the high quality care we expect. However there are continuing concerns about financial management and associated operational pressures.

    “Escalation to Stage 4 will bring enhanced scrutiny and support from the Scottish Government and we will work with Grampian to ensure sustained improvement. This will include a whole system diagnostic to be carried out by an external consultancy to help inform a tailored package of support.

    “I am confident that, through these actions, we will soon have a clear plan to stabilise the system and set the right conditions for the necessary, longer term transformational work – with the key aim being to ensure the sustainable delivery of high quality healthcare services for the benefit of local people.”

    Background

    Written question and answer: S6W-37586 | Scottish Parliament Website

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Dmitry Chernyshenko and To Lam opened the Russian-Vietnamese business forum

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister of Russia Dmitry Chernyshenko and General Secretary of the Central Committee of the Communist Party of Vietnam To Lam greeted the participants of the Russian-Vietnamese business forum. Also in their presence, the start of work was given to the plant for the production and processing of dairy products of the company “TH True Milk” in the Kaluga region.

    The event took place as part of To Lam’s official visit to Russia. Earlier, on May 10, negotiations between Russian President Vladimir Putin and the Secretary General took place in the Kremlin.

    The forum featured speeches by representatives of VTB Bank, AFK Sistema, and the Cyberus Foundation for the Development of Effective Cybersecurity.

    Dmitry Chernyshenko thanked the Vietnamese delegation for participating in the festive events dedicated to the 80th anniversary of the Great Victory. He quoted President Vladimir Putin as saying that relations between Russia and Vietnam continue to develop steadily in the spirit of equality, mutual respect and consideration of each other’s interests.

    This year our countries celebrate a significant date – 75 years since the establishment of diplomatic relations. As was indicated at the recent meeting of To Lam with the Chairman of the Russian Government Mikhail Mishustin, today special attention is paid to increasing trade and economic cooperation and increasing mutual trade turnover between Russia and Vietnam.

    “We see how much Vietnam has achieved in these areas

    in recent years. By the end of 2024, the GDP growth rate exceeded 7%, and the country’s trade turnover approached the $800 billion mark. The Russian economy is also showing high growth rates: by the end of last year – more than 4.1%. Today, the demand of the state and business for increasing economic ties, including with our friendly Vietnam, is obvious. The key tasks of our bilateral cooperation are mutual investments and the implementation of specific projects. We need to create the most favorable climate for the fruitful work of Russian and Vietnamese companies in the markets of both countries,” said the Russian Deputy Prime Minister.

    The Free Trade Agreement has been in force between Russia and Vietnam for almost 10 years. It provides duty-free access to almost all groups of goods. Especially in such important positions as dairy products, meat, wheat, fertilizers and cars. It is important to come to a joint decision on how to use this agreement even more effectively.

    Dmitry Chernyshenko also noted the Comprehensive Cooperation Plan for the period up to 2030 signed in January: “It was this strategic document that allowed us to agree on joint measures and new mechanisms for cooperation on projects in the scientific sphere, energy and mechanical engineering, which will lead to an almost threefold increase in trade turnover between our countries – up to 15 billion dollars by 2030.”

    Cooperation is developing on the digital track: “Vietnam is the leader in terms of growth rates of the digital economy and e-commerce. Russia offers the best solutions in the field of digital technologies, industrial software and telecommunications. The work of the joint Center for Artificial Intelligence and Digital Technologies in Hanoi has already been launched,” the Russian Deputy Prime Minister said.

    In agriculture, Russia and Vietnam not only successfully carry out mutual deliveries of food products, but are already localizing production.

    Dmitry Chernyshenko also highlighted cooperation in the tourism sector: “According to the Ministry of Economic Development, following the results of the first quarter of 2025, Russia came out on top in terms of growth rates of tourist flow to Vietnam – 110%. We are creating comfortable conditions for your tourists in Russia. An electronic visa for Vietnamese citizens has been launched, and we are increasingly adapting the service sector to their wishes. We will increase the length of stay, for example, with an electronic visa to 30 days. We are expanding the geography of flights of Russian airlines to Vietnamese cities. We sincerely thank the Vietnamese side for the fact that on May 8, with the participation of the Secretary General, the flight program of Vietnam Airlines from Hanoi to Moscow was resumed. I am confident that this will allow us to qualitatively improve the level of our relations in the tourism industry!” he said.

    The Deputy Prime Minister invited Vietnamese partners to take part in the St. Petersburg International Economic Forum and the Eastern Economic Forum in Vladivostok in 2025.

    To Lam stressed the importance of economic cooperation between Vietnam and Russia. According to him, the parties reached an agreement to expand investment volumes to $15 billion. To Lam called on business circles of both countries to actively conclude contracts and agreements within the framework of the business forum in order to maximize the benefits in all areas: investment, trade, and scientific and technical cooperation. He also expressed Vietnam’s interest in deepening partnership relations with Russia in such sectors as agriculture, energy, industry, mechanical engineering, and information technology. He specifically mentioned the great potential for cooperation in energy and agriculture.

    In conclusion, the Secretary General thanked the Russian Government for providing conditions for Vietnamese investors and businessmen aimed at developing tourism in Russia.

    In the presence of Dmitry Chernyshenko and To Lam, a ceremony of exchanging bilateral documents between Russian and Vietnamese companies took place. Among them are the Agreement on Cooperation between the National Research University Higher School of Economics and the Vietnam Academy of Science and Technology, as well as the Memorandum of Understanding, Strategic Cooperation for 2025-2026 for the purpose of jointly promoting Vietnam as a tourist destination and Vinpearl products between Anex Tour LLC and Vinpearl.

    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 Asia-Pac: Swiss delegation begins China visit in Hong Kong to deepen digital innovation ties (with photos)

    Source: Hong Kong Government special administrative region

    Swiss delegation begins China visit in Hong Kong to deepen digital innovation ties  
         The delegation’s first stop in Hong Kong featured a thematic seminar titled “Hong Kong – Gateway to China and Asia” organised by Alliance Digital Security Switzerland ADSS, focusing on digital transformation in the age of AI, cybersecurity, and cross-border investment. The event was officiated by representatives from both Swiss and Hong Kong governments and business communities, including the Consul-General of Switzerland in Hong Kong, the Alliance Digital Security Switzerland ADSS, and the Swiss Chamber of Commerce in Hong Kong.
     
         In his opening address, the Acting Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Arnold Lau, highlighted Hong Kong’s strategic advantages as a launchpad for global tech companies.
     
         “Switzerland is one of Hong Kong’s most promising partners in Europe. Its strengths in life sciences, deep tech, fintech, education, and creative industries align closely with Hong Kong’s innovation priorities,” he remarked. “Hong Kong is embracing new opportunities for international business, driven by robust digital and regulatory advancements. The recent passage of a new cybersecurity law strengthens the protection of critical infrastructure, giving companies greater confidence to operate in a secure environment. Additionally, the launch of the GBA Standard Contract for cross-boundary data flow enables businesses to transfer personal data safely and efficiently within the Greater Bay Area, promoting seamless collaboration and digital service delivery across borders. These developments position Hong Kong as a trusted, future-ready hub for digital innovation, offering tremendous opportunities for Swiss and global companies.”
     
         The President of the Alliance Digital Security Switzerland ADSS and member of the Foreign Affairs Committee of the Swiss Parliament, Mr Franz Grüter, said, “We are in Hong Kong not only to showcase Switzerland’s excellence in digital innovation, cybersecurity, and education, but more importantly, to establish robust and sustainable partnerships. As a bridge between international markets and Mainland China, Hong Kong holds immense strategic value for Swiss businesses. Our collaboration will drive shared growth in the digital economy.”
     
         The Deputy Commissioner (Digital Infrastructure) at the Digital Policy Office (DPO), Mr Daniel Cheung, shared Hong Kong’s digital policies and strategies on digital infrastructure and AI ecosystem development during his keynote address. He said, “In the digital age, governance models must evolve in tandem. As a global digital hub, Hong Kong is making advances not only in technology but also in policy innovation. We are actively promoting data interoperability, process re-engineering, and the adoption of AI and other cutting-edge technologies to deliver more efficient and user-friendly digital services.”
     
         The seminar also featured a panel discussion moderated by the Head of Information and Communications Technology at InvestHK, Miss Wendy Chow. Experts from Thales, Swire Coca-Cola, and the Hong Kong-Shenzhen Innovation and Technology Park explored cybersecurity challenges in the era of artificial intelligence.
         ???
         InvestHK will continue to collaborate closely with the Consulate General of Switzerland in Hong Kong, the Swiss Chamber of Commerce in Hong Kong, and Swiss enterprises to support their business establishment and expansion in the region. It will also strengthen partnerships with the DPO, the Hong Kong-Shenzhen Innovation and Technology Park, and other departments to drive the development of the local innovation and technology ecosystem. Through cross-sector and interdepartmental co-operation and continuously strengthening international exchange and collaboration, InvestHK is committed to enhancing enterprise support, promoting technology adoption, and reinforcing the city’s status as a leading international innovation hub and smart city.
    Issued at HKT 19:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: Hut 8 Subsidiary American Bitcoin Announces Go-Public Transaction

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, May 12, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its majority-owned subsidiary, American Bitcoin, has entered into a definitive merger agreement to go public with Gryphon Digital Mining, Inc. (Nasdaq: GRYP) (“Gryphon”) pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction.

    Upon closing, the combined company will operate under the American Bitcoin brand, led by the American Bitcoin board of directors, including Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, and management team, including Mike Ho, Matt Prusak, and Eric Trump. The combined company is expected to trade on Nasdaq under the ticker symbol “ABTC.” The transaction is expected to close as early as Q3 2025.

    “This transaction marks the next step in scaling American Bitcoin as a purpose-built vehicle for low-cost Bitcoin accumulation at scale,” said Asher Genoot, CEO of Hut 8. “By taking American Bitcoin public, we expect to unlock direct access to dedicated growth capital independent of Hut 8’s balance sheet, while preserving long-term exposure to Bitcoin upside for our shareholders.”

    Existing stockholders of American Bitcoin are expected to own approximately 98% of the combined company. Immediately following the completion of the transaction, the Company will beneficially own a majority of the issued and outstanding capital stock of the combined company.

    Following the transaction, Hut 8 will continue to serve as American Bitcoin’s exclusive infrastructure and operations partner through a series of long-term commercial agreements expected to generate stable, contracted revenue streams in Hut 8’s Power and Digital Infrastructure segments.

    Additional Transaction Information

    American Bitcoin has made available on its website a presentation with additional information concerning the transaction.

    Supplemental Materials and Upcoming Communications

    For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company’s website, https://hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    About American Bitcoin

    American Bitcoin is a Bitcoin accumulation platform focused on building American’s Bitcoin infrastructure backbone. A majority-owned subsidiary of Hut 8, the company combines Hut 8’s proven mining operations, cost-efficient infrastructure development capabilities, and disciplined approach to capital allocation with Eric Trump’s commercial acumen, capital markets expertise, and commitment to the advancement of decentralized financial systems. For more information, visit www.americanbtc.com and follow the company on X at @AmericanBTC.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements, include, but are not limited to, statements relating to the structure, timing, and completion of the proposed transaction between American Bitcoin and Gryphon, the combined company’s listing on Nasdaq after the closing of the proposed transaction, the expected management and board of directors of the combined company, American Bitcoin’s capital markets access, Hut 8’s ability to preserve long-term exposure to Bitcoin upside for its shareholders, Hut 8’s ownership interest in the combined company, Hut 8’s exclusive provision of infrastructure and operations services to American Bitcoin, and the vision, goals, and trajectory of American Bitcoin and the combined company.

    Forward-looking statements are not statements of historical fact, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the occurrence of any event, change, or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement; the possibility that the proposed transaction does not close when expected or at all because the conditions to closing are not satisfied on a timely basis or at all, including the failure to timely obtain stockholder approval for the proposed transaction from Gryphon’s stockholders, if at all; risks related to Gryphon’s continued listing on Nasdaq until closing of the proposed transaction; the outcome of any legal proceedings that may be instituted against American Bitcoin, Gryphon, or the combined company; the possibility that the anticipated benefits of the proposed transaction to the parties or to Hut 8 are not realized when expected or at all; the possibility that the vision, goals, and trajectory of the combined company are not timely achieved or realized or achieved or realized at all; the possibility that the integration of the two companies may be more difficult, time-consuming or costly than expected; the possibility that the proposed transaction may be more expensive or take longer to complete than anticipated, including as a result of unexpected factors or events; the diversion of management’s attention from ongoing business operations and opportunities; changes in Gryphon’s stock price before closing; and other factors that may affect future results of American Bitcoin, Gryphon, or the combined company. Additional factors that could cause results to differ materially from those described above can be found in Gryphon’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2024 and other documents subsequently filed by Gryphon with the Securities Exchange Commission (the “SEC”), and in the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Additional Information About the Proposed Transaction and Where to Find It

    This press release relates to a proposed transaction between American Bitcoin and Gryphon. In connection with the proposed transaction, Gryphon intends to file with the SEC a Registration Statement on Form S-4 (the “Registration Statement) to register the Class A common stock to be issued by Gryphon in connection with the proposed transaction. The Registration Statement will include a proxy statement of Gryphon and a prospectus of Gryphon (the “Proxy Statement/Prospectus”), and each of American Bitcoin and Gryphon may file with the SEC other relevant documents concerning the proposed transaction. After the Registration Statement is declared effective, the definitive Proxy Statement/Prospectus will be sent to the stockholders of Gryphon to seek their approval of the proposed transaction. This press release is not a substitute for the Registration Statement, the Proxy Statement/Prospectus or any other relevant documents that American Bitcoin or Gryphon has filed or will file with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS OF GRYPHON ARE URGED TO CAREFULLY AND ENTIRELY READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AMERICAN BITCOIN, GRYPHON, THE PROPOSED TRANSACTION, AND RELATED MATTERS.

    A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other relevant documents filed by American Bitcoin and Gryphon with the SEC, may be obtained free of charge, when they become available, at the SEC’s website at www.sec.gov. You will also be able to obtain these documents free of charge, when they are available, by directing a request to Gryphon’s Investor Relations department at 646-755-7412 or emailing James@HaydenIR.com. The information on the Company’s, American Bitcoin’s, or Gryphon’s respective websites is not, and shall not be deemed to be, a part of this communication or incorporated into other filings either company makes with the SEC.

    Participants in the Solicitation

    American Bitcoin, Gryphon and certain of their respective directors, executive officers, and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of Gryphon, their ownership of Gryphon common stock, and Gryphon’s transactions with related persons is set forth in its Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on March 31, 2025, the definitive proxy statement for Gryphon’s 2024 annual meeting of stockholders, as filed with the SEC on August 7, 2024, the definitive proxy statement for Gryphon’s 2025 special meeting of stockholders, as filed with the SEC on April 21, 2025, and other documents that may be filed from time to time with the SEC. Additional information about the directors and executive officers of American Bitcoin and Gryphon and other persons who may be deemed to be participants in the solicitation of stockholders of Gryphon in connection with the proposed transaction and a description of their direct and indirect interests will be included in the Proxy Statement/Prospectus related to the proposed transaction or other relevant materials, which will be filed with the SEC. These documents may be obtained free of charge, when they become available, at the SEC’s website at www.sec.gov and from Gryphon using the sources indicated above.

    No Offer or Solicitation

    This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or the solicitation of any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or in a transaction exempt from the registration requirements of the Securities Act.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Turtle Club raises $6.2M to advance onchain liquidity distribution protocol

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, May 12, 2025 (GLOBE NEWSWIRE) — Turtle Club today announced the close of a $6.2 million seed funding round to advance its on-chain liquidity distribution protocol. The funding supports the project’s mission to improve how liquidity is coordinated and deployed across decentralized finance (DeFi) ecosystems.

    The round was led by THEIA, with participation from Susquehanna (SIG), Laser Digital, Consensys, Selini, RE7 Capital, L2IV, Archimed Capital, Trident Digital, Bodhi Ventures, Shorewoods, Triton Liquid, AUROS Global, Chorus One, Frachtis, Moonhill Capital, Tulipa Capital, and others. Notable angel investors include Ethereum co-founder Joseph Lubin, Wintermute co-founder Yoann Turpin, and Ryan Fang of Ankr.

    Turtle Club enables on-chain liquidity distribution by allowing liquidity providers (LPs) to earn rewards across multiple protocols. The protocol also helps projects and distribution partners align incentives, create visibility into liquidity costs across chains, establish risk-adjusted benchmarks for protocol categories, and design more sustainable incentive models. Capital providers benefit from transparent metrics that guide strategic deployment.

    Since its launch in March 2024, Turtle Club reports:

    • 315,000+ registered wallets
    • $2.3 Billion+ in total value bootstrapped
    • 51 integrated protocols
    • $550 million deployed in 45 days via its first chain bootstrapping campaign

    “As liquidity becomes more fragmented across chains and protocols, the need for structured, transparent distribution has never been greater,” said Essi Lagevardi, CEO of Turtle Club. “This round allows us to continue building mechanisms that reward capital providers fairly, help protocols design sustainable incentive programs, and support a more efficient, transparent DeFi liquidity environment. At the end of the day, our mission is simple: deliver the best-quality dealflow and the best possible service to LPs. When you consistently do both, everything else follows.”

    Turtle Club will use the proceeds to expand its engineering team, support new protocol integrations, and grow its distribution network.

    About Turtle Club

    Turtle Club is a protocol for on-chain liquidity distribution, designed to connect LPs, protocols, and partners through sustainable and transparent incentive models. Operated by Phantom Protocol AG and launched in March 2024, Turtle Club has become one of the fastest-growing liquidity coordination layers in Web3.

    Contact:
    Pedro Verdades
    Head of Marketing at Turtle Club
    press@turtle.club

    Disclaimer: This is a paid post and is provided by Turtle Club. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/21643c35-7d37-4ae3-bb75-7effa25f7601

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fbd09214-18c6-44fb-904d-097d78294e36

    The MIL Network –

  • MIL-OSI Asia-Pac: SLW attends Seventh APEC HRDMM in Jeju, Korea

    Source: Hong Kong Government special administrative region

         The Secretary for Labour and Welfare, Mr Chris Sun, attended the Seventh Asia-Pacific Economic Cooperation Human Resources Development Ministerial Meeting (HRDMM) in Jeju, Korea, today (May 12), during which he delivered speeches at two plenaries.
     
         With the theme “Sustainable Labour Markets and Jobs for the Future”, the HRDMM aimed to promote a flexible, inclusive, and resilient labour market to further the collective commitment to labour market reforms that support today’s workforce. It consisted of two plenaries with the morning plenary themed “Flexible and Vibrant Labour Market”. Delivering his keynote speech, Mr Sun said that to address the challenges posed by the emergence of the platform economy, the Hong Kong Special Administrative Region (SAR) Government has long been committed to protecting platform workers, including the exploration of feasible measures for strengthening the protection for platform workers through a liaison group comprising representatives of the Government, platform companies and labour organisations. According to the Thematic Household Survey conducted by the SAR Government, platform workers are most concerned about work injury compensation. The SAR Government will introduce a proposal within this year on ways to further enhance the rights and benefits of platform workers and will initiate relevant legislative exercises when necessary. Furthermore, he also introduced to participants the various initiatives implemented by the SAR Government to unleash the potential of the labour force amid the evolving landscape of employment, including the well-received Re-employment Allowance Pilot Scheme launched last year and the enhanced Employment Programme for the Elderly and Middle-aged.
     
         In the afternoon plenary themed “Responding to Future Jobs and Active Labour Market Policies”, Mr Sun gave a presentation on the manpower policies and talent attraction measures of the SAR Government. He stressed that the main thrust of the SAR Government’s manpower policy is to nurture local talent, complemented by the attraction of outside talent, to enrich the local talent pool for meeting the needs in social and economic developments. Mr Sun introduced the multipronged strategy of training and retraining, including the establishment of two universities of applied sciences, as well as enhancing employees’ professional skills through the Vocational Training Council. Mr Sun also briefed the attendees on the array of measures rolled out by the SAR Government to attract talent proactively and aggressively. He also gave an account of how Hong Kong could leverage its unique advantages of enjoying the strong support of the motherland and being closely connected to the world, in order to better realise its role as an international hub for high-calibre talent.
     
         Upon his arrival in Jeju yesterday (May 11), Mr Sun first called on the Minister of Human Resources of Malaysia, Mr Steven Sim, who was attending the HRDMM. Mr Sun said he is delighted to meet Mr Sim again after his visit to Kuala Lumpur in mid-April. During the meeting, the two sides exchanged views on issues including unleashing local workforce, enhancing 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.
     
         Afterwards, Mr Sun held a bilateral meeting with the Acting Minister of Employment and Labor, Republic of Korea, Mr Kim Min Seok, during which they had an in-depth discussion on matters including foreign domestic helpers and the importation of labour. At the meeting, Mr Sun briefed Mr Kim on the manpower shortage encountered by the SAR Government due to an ageing population, resulting in the need for Hong Kong to continue attracting outside talent and labour as appropriate in the future to fill the manpower and skills gaps.
     
         Mr Sun will conclude his visit tomorrow morning (May 13) and depart for Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States

    Source: The White House

    SECURING ANOTHER HISTORIC DEAL: Today, on the heels of the brand-new deal with the United Kingdom, President Donald J. Trump reached an agreement with China to reduce China’s tariffs and eliminate retaliation, retain a U.S. baseline tariff on China, and set a path for future discussions to open market access for American exports.

    • Today, the United States issued the first joint statement on trade in many years with China after successful negotiations over the weekend in Geneva, Switzerland.
    • Both parties affirmed the importance of the critical bilateral economic and trade relationship between both countries and the global economy.
    • For too long, unfair trade practices and America’s massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector.
    • In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff. Other U.S. measures will remain in place.
    • Both sides will take these actions by May 14, 2025.
    • This trade deal is a win for the United States, demonstrating President Trump’s unparalleled expertise in securing deals that benefit the American people.

    CHINESE ACTIONS: China will remove the retaliatory tariffs it announced since April 4, 2025, and will also suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

    • China will also suspend its initial 34% tariff on the United States it announced on April 4, 2025 for 90 days, but will retain a 10% tariff during the period of the pause.

    AMERICAN ACTIONS: The United States will remove the additional tariffs it imposed on China on April 8 and April 9, 2025, but will retain all duties imposed on China prior to April 2, 2025, including Section 301 tariffs, Section 232 tariffs, tariffs imposed in response to the fentanyl national emergency invoked pursuant to the International Emergency Economic Powers Act, and Most Favored Nation tariffs. 

    • The United States will suspend its 34% reciprocal tariff imposed on April 2, 2025 for 90 days, but retain a 10% tariff during the period of the pause.
    • The 10% tariff continues to set a fair baseline that encourages domestic production, strengthens our supply chains and ensures that American trade policy supports American workers first, instead of undercutting them.
    • By imposing reciprocal tariffs, President Trump is ensuring our trade policy works for the American economy, addresses our national emergency brought on by our growing and persistent trade deficit, and levels the playing field for American workers and producers.
    • Unlike previous administrations, President Trump took a tough, uncompromising stance on China to protect American interests and stop unfair trade practices.

    WORKING TOWARDS A REBALANCING: When these changes come into effect, both nations agreed to establish a mechanism to continue important discussions about trade and economics.

    • The U.S. goods trade deficit with China was $295.4 billion in 2024—the largest with any trading partner.
    • Today’s agreement works toward addressing these imbalances to deliver real, lasting benefits to American workers, famers, and businesses.
    • As our nations continue these discussions, China will be represented by He Lifeng, Vice Premier of the State Council.
    • The United States will be represented by Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative.

    ADDRESSING THE FENTANYL CRISIS: The United States and China will take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America.

    MIL OSI USA News –

  • MIL-OSI: Cake Becomes the First Digital-Only Bank in Southeast Asia to Receive the Highest-Level ISO Certification for Facial Biometrics

    Source: GlobeNewswire (MIL-OSI)

    HO CHI MINH CITY, Vietnam, May 12, 2025 (GLOBE NEWSWIRE) — Cake Digital Bank has become the first digital-only bank in Southeast Asia to achieve ISO/IEC 30107-3 Level 2 certification from iBeta for its facial biometric solution, Cake Face Authen. This certification represents the highest level of facial spoofing protection recognized by iBeta in this technology category.

    A Digital Bank Owning Its Core Technology

    Cake Face Authen, the bank’s facial biometric and anti-spoofing solution, was fully developed in-house by Cake’s team of Vietnamese engineers. Utilizing Passive Liveness Detection technology, the system verifies a user’s identity without requiring interaction such as blinking, head movements, or facial gestures. Instead, it quickly authenticates a live face using a combination of facial features, ensuring a seamless and secure experience during critical activities such as account opening, transaction approvals, and spending limit upgrades.

    According to iBeta’s evaluation, Cake Face Authen demonstrated advanced fraud detection capabilities by successfully identifying sophisticated 3D spoofing attacks—including those using 3D printers, resin masks, and latex masks. The system achieved a 0% Attack Presentation Classification Error Rate (APCER) and 0% Bona Fide Presentation Classification Error Rate (BPCER), ensuring the highest level of accuracy during the eKYC (electronic Know Your Customer) process.

    iBeta’s official announcement confirms that Cake is one of only five BFSI (Banking, Financial Services, and Insurance) organizations in Vietnam to obtain ISO/IEC 30107-3 Level 2 certification for facial biometrics. Notably, it is the first digital-only bank in Southeast Asia to be recognized for meeting this highest international standard in biometric security.

    Beyond meeting international benchmarks, Cake has optimized its facial recognition technology using a large dataset of Vietnamese users to ensure maximum accuracy and relevance. Its robust protective layers help the bank comply with the State Bank of Vietnam’s security regulations for online banking services, while simultaneously enabling fast, user-friendly transactions.

    Thanks to its flexible integration with various data sources and eKYC models, Cake’s facial recognition solution is widely applied across multiple domains—including customer identification, security access control, attendance tracking, and fraud prevention—for partners with large user ecosystems.

    Multiple Technology Solutions to Protect Customers

    In its commitment to user protection, Cake was an early adopter of the FIDO2 passwordless authentication standard and has also implemented advanced encryption for savings accounts. These innovations offer additional high-level security against account takeovers and the theft of personal savings.

    As part of its “Next GenAI Bank” strategy, Cake leverages artificial intelligence across all operational functions. The bank has developed over 80 AI models supporting customer interaction, credit risk analysis, and operational efficiency. In addition, Cake complies with PCI DSS 4.0 Level 1, the highest global standard for payment card data security.

    Nguyễn Hữu Quang, CEO of Cake Digital Bank, stated:

    “Achieving the highest international ISO standard for facial biometrics with a solution developed entirely in-house by our Vietnamese engineering team is a remarkable milestone for Cake. It reflects not only our technological autonomy but also our ability to meet the world’s most stringent security standards. We are proud to lead the way in digital banking innovation and remain committed to protecting our customers and partners through secure, locally developed solutions. At the same time, we aim to contribute to the broader digital transformation of Vietnam’s financial sector.”

    The MIL Network –

  • MIL-OSI: Liquidia Corporation Provides Update on Litigation Filed by United Therapeutics

    Source: GlobeNewswire (MIL-OSI)

    • New litigation filed against Liquidia in U.S. District Court for the Middle District of North Carolina alleges infringement of UTHR’s ‘782 patent and seeks to enjoin Liquidia from commercializing YUTREPIA
    • ‘782 patent claims same general subject matter as UTHR’s invalidated ‘793 patent
    • Does not impact FDA’s ability to take final action on NDA for YUTREPIA on PDUFA goal date of May 24, 2025

    MORRISVILLE, N.C., May 12, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that United Therapeutics Corporation (UTHR) filed a complaint on May 9, 2025, in the U.S. District Court for the Middle District of North Carolina (Case No. 1:25-cv-00368) against Liquidia alleging infringement of U.S. Patent No. 11,357,782 (the ‘782 patent). Additionally, the complaint seeks to enjoin Liquidia from commercializing YUTREPIA™ (treprostinil) inhalation powder if approved by the U.S. Food and Drug Administration (FDA) to treat pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).

    Dr. Roger Jeffs, CEO, Liquidia said: “We are not surprised by UTHR’s repeated, last-minute attempts to deny PAH and PH-ILD patients access to an alternative therapy. We have invalidated similar claims covering the treatment of pulmonary hypertension patients with inhaled treprostinil in the past and will continue to defend the rights of patients suffering with these critical illnesses to choose the therapy that works best for them.”

    The ‘782 patent, which issued on June 14, 2022, arises out of the same patent family as U.S. Patent No. 10,716,793 (the ‘793 patent) and claims the same general method of administering inhaled treprostinil to pulmonary hypertension patients. As disclosed in July 2022, the ‘793 patent was held to be invalid in a proceeding before the Patent Trial and Appeal Board (PTAB). The PTAB’s decision was affirmed by the U.S. Court of Appeals for the Federal Circuit in December 2023. The United States Supreme Court rejected UTHR’s petition for a writ of certiorari, thereby upholding PTAB’s decision which found that all claims of the ‘793 patent are unpatentable due to prior art as final and not subject to further appeal.

    UTHR is currently not seeking any injunction against the FDA to prevent final approval of the New Drug Application (NDA) for YUTREPIA. As previously announced, the FDA set a Prescription Drug User Fee Act (PDUFA) goal date of May 24, 2025.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Cautionary Statements Regarding Forward-Looking Statements 
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, the timeline or outcome related to patent litigation in the U.S. District Court for the District of Delaware or the U.S. District Court for the Middle District of North Carolina, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein.   The invalidity of one patent is not necessarily determinative as to the validity of a second patent, even if the patents arise out of the same patent family or claim similar subject matter. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

  • MIL-OSI: Enwave Announces Expansion of Energy from Waste District Heating Facility in Prince Edward Island, Avoiding Landfill for Nearly 90% of the Black Cart Residential Waste in Province

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 12, 2025 (GLOBE NEWSWIRE) — Enwave Energy Corporation (Enwave) has announced today the commitment to build a new waste processing facility in Prince Edward Island, beginning this fall. The facility will be in operation by 2028 and will replace the existing end-of-life system. Enwave, in partnership with the Province of Prince Edward Island, has proudly undertaken this expansion to address the growing need to identify sustainable waste solutions in the province.

    The existing district energy plant converts municipal solid waste and biomass — scrap wood from forest harvesting operations — to energy and provides that energy to its customers through the interconnected district energy network. After nearly thirty years of operation, the plant is approaching end-of-life and will be replaced with the new, expanded facility. Since 2017, the Province of Prince Edward Island and Enwave have collaborated on this project with a united goal to reduce waste and Greenhouse Gas (GHG) emissions at a time when sustainable waste solutions are needed more than ever.

    This new, state-of-the-art facility is capable of processing 90% of the province’s total black cart residential waste, significantly reducing landfill waste. The expansion of this critical facility will significantly replace the use of fuel oil for heating while providing further reliability and redundancy to more than 145 connected buildings in Charlottetown, the province’s capital city, including the Queen Elizabeth Hospital, the University of Prince Edward Island, schools and residences. Enwave’s district energy system has a proven track record as a reliable and critical source of energy in the province, having maintained uninterrupted operations to critical customers during recent natural phenomena such as hurricanes Juan, Dorian and Fiona, as well as during the hurricane-strength blizzard, White Juan, in 2004.

    Rendering of Enwave’s new waste processing facility in Prince Edward Island, anticipated to be in operation by 2028 to replace the existing end-of-life system.

    Enwave brings more than thirty years of experience in advanced Waste-to-Energy systems to the project, a proven path to avoiding landfill waste and reducing GHG emissions. Through this expansion, the annual impact of avoiding landfill by using up to 49,000 tonnes of municipal solid waste for heating will amount to GHG savings of up to 908,000 tonnes of CO2e by 2052, equivalent to taking 278,000 cars off the road.

    Leveraging Waste-to-Energy technology provides a real solution and tangible option for communities around the country to reduce the need for additional landfills and help to meet carbon emission reduction targets. With global waste forecasted to increase 70% by 2050, this project is a testament to scalable and sustainable pathways that directly address concerns of rising waste.

    “We are very grateful for the support and confidence of the government of PEI and the people of this province, enabling us to make this long-term commitment as a critical energy partner,” says Carlyle Coutinho, CEO of Enwave Energy Corporation. “The eight-year journey to get to this point has seen many hurdles, however both Enwave and the province have remained committed to making this expansion a reality. This project is an example of how governments and private companies can work together to achieve long-term, sustainable solutions at scale through a shared purpose, creating a better world for today and generations to come.”

    “Waste to Energy technology is a great example of a sustainable, innovative solution to meeting PEI’s energy needs,” says PEI Environment, Energy and Climate Action Minister Gilles Arsenault. “This expansion helps us continue to minimize energy costs for important provincial buildings and reduce greenhouse gas emissions. As an added benefit, using this waste for energy helps us extend the life of our existing landfill.”

    Enwave’s expansion of the waste processing facility and operations will nearly double existing waste processing capacity while directly aligning with Charlottetown’s Vision for a Sustainable Energy Future by transitioning to renewable clean energy and incorporating sustainable innovation and technology.

    “The CIB is proud to be a part of this project given the important role it will play in modernizing the city’s district energy system, ensuring affordable and clean energy supply to more than 145 connected buildings in the Charlottetown core,” says Ehren Cory, CEO, Canada Infrastructure Bank.

    The new waste processing facility expansion is supported financially by the Canadian Infrastructure Bank through an aggregate facility of $600M supporting innovative energy projects across Enwave’s portfolio, including Lakeview Village in Mississauga, Ontario (Wastewater Heat Recovery technology), Etobicoke Civic Centre in Toronto (Geo-exchange technology), and this project in PEI (Waste-to-Energy technology).

    Enwave has worked closely alongside key partners that are critical to the success of the PEI expansion project, including Maple Reindeers Constructors Ltd., Marco Group, Ramboll Group A/S, Coles Associates Ltd., Stantec, Martin GmbH, ANDRITZ TEP, LAB SA and Kone Cranes Canada Inc.

    A ceremony announcing the official groundbreaking of the new waste processing facility will take place in the fall of 2025.

    About Enwave

    Enwave is one of the largest commercial owner and operators of community-based district energy systems in North America. They develop reliable, commercial and sustainable energy solutions at scale, tailored to the unique needs of municipalities, commercial developments, universities, hospitals, data centres and residential communities. Enwave provides thermal energy services to over 100 million square feet of mixed-use space across Canada using a variety of technologies including Deep Lake Water Cooling, thermal storage, geoexchange, biomass and energy-from-waste. Enwave was acquired by Ontario Teachers’ Pension Plan & IFM Investors in 2021. Since its founding over 20 years ago, Enwave has invested over $1 billion in Canadian infrastructure.

    https://www.enwave.com

    For more information, interview requests or high-res images please contact:

    Katie Good, GoodPR
    katie@goodpr.ca
    (416) 540-2195

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09037f6e-0b81-4106-acf2-051e5ef0ebc3

    The MIL Network –

  • MIL-OSI: Real Money Online Casinos: 7Bit Casino Chosen as the Best Real Money Casino of 2025

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., May 12, 2025 (GLOBE NEWSWIRE) — Are you looking for the best real money online casino in 2025? Then, you should check out 7Bit Casino. You might have heard of the name before, especially due to its immense popularity in the entertainment industry. With its interactive website and straightforward payment mechanism, 7Bit Casino stands out from other gambling dens and has made a name for itself.

    This review will help you get to know this real money online casino better and provide you with insights into its key features and why it is considered one of the best online casinos in the world. So, let’s get into it without any further ado, shall we?

    ✅ Play Now at 7Bit Casino and Claim Your Free Spins and BTC Bonuses

    Overview of 7Bit Casino, the Best Real Money Online Casino
    7Bit Casino was founded in 2014 by Dama N.V., a well-known and reputable firm. Shortly after its release, 7Bit rose in popularity due to its intuitive and easy-to-navigate UI and the cutting-edge security measures it implemented to protect its players’ data. Millions of players are still coming to 7Bit every year for the thrill and safe enjoyment it provides.

    The casino’s fast and straightforward transactions are also something that makes it stand out from others in the industry. These seamless payment processes, combined with various loyalty programs and exclusive games, help solidify 7Bit’s reputation as one of the best real money online casino platforms. For further information on the gambling giants, refer to the following sections.

    Key Factors Considered While Choosing 7Bit As The Best Real Money Online Casino

    7Bit Casino was selected as the No.1 real money casino in the world by considering several factors like bonuses, promotions, payment methods, licenses, reputation, user experience, and more. Here is a more detailed breakdown of these factors and why they stand out.

    Bonuses & Promotions
    You will find one of the best bonuses and promotions in the entertainment industry at 7Bit Casino. Some of the tournaments in the casino even offer a reward pool of €100,000. Now, we shall look into these bonuses and tournaments hosted by 7Bit.

    Bonus / Promotion Reward
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    New Game Offer 45 free spins
    Weekend Offer 50% match
    Telegram Offer 50 free spins
    Telegram Friday Offer 111 free spins
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    Wednesday Up to 100 free spins
    Legends League $8,000 (Prize Pool)
    Platipus Rush €2000 (Prize Pool)
    Lucky Spin $1500 + 1500 free spins
    VIP Program Varying Rewards


    ✅Get 325% Bonus Up to 5.25 BTC + 250 Free Spins!

    With its extravagant bonuses and tournaments with amazing reward pools, 7Bit successfully caters to the needs of different types of gamblers, no matter whether they are looking for a little fun or to win a jackpot.

    License & Security Measures
    7Bit Casino is licensed by the Curacao iGaming Agency, a widely known government license provider. The issued license number is OGL/2023/174/0082, which you can check to verify the platform’s authenticity. The casino also implements state-of-the-art security measures like SSL encryption, 2-factor authentication, and advanced fraud-detection tools to protect users and their data from unauthorized access. Here is a breakdown of these security programs.

    • SSL Encryption: 7Bit Casino employs an SSL encryption method that enables players to have a secure connection with the gaming platform.
    • Data Protection: 7Bit implements advanced security programs to safeguard player data, preventing all unauthorized access.
    • Emergency Protocols: There are predefined measures and other emergency measures in 7Bit Casino, which will be executed in cases of unpredictable or unprecedented emergencies.
    • Secure Login: 7Bit employs several password policies and other aspects, like 2-factor authentication, to prevent situations that compromise the security and integrity of their platform.
    • Anti-Fraud Mechanism: 7Bit casino employs state-of-the-art security systems and other algorithmic features to monitor player behavior and prevent any fraudulent activities within their platform.

    Reputation
    7Bit Casino has a positive reputation in the best real money online casino industry, especially due to its straightforward system and its commitment to fair play and responsible gaming. Another important and well-known aspect of the 7Bit Casino is its support of several cryptocurrencies, making it an ideal choice for many crypto enthusiasts as well.

    7Bit Game Selection
    In the 7Bit Casino, there are over 7000 games, of which a majority are from leading software developers like BGaming, Microgaming, and more. The major gaming categories offered by 7Bit include:

    • Slot games
    • Live dealer games
    • Table games
    • Hot RTP games
    • High-risk games
    • 7Bit Exclusive games
    • Scratch cards
    • Jackpots

    Each game in these categories has high-quality graphics and sound effects, providing the players with a seamless experience, no matter where they are accessing it. Furthermore, the wide catalog of games also helps cater to the needs of all types of gamblers worldwide.

    Banking Details of 7Bit Real Money Online Casino

    7Bit Casino offers players a seamless and straightforward payment mechanism, unlike other establishments, which makes you go through several hoops before allowing you to withdraw your money. The casino supports over 14 payment methods, including crypto and fiat ones. They are:

    Crypto Payments Fiat Payments
    Bitcoin VISA
    Ethereum MasterCard
    USDT Online Banking
    Ripple Neosurf
    Binance Coin  
    Cardano  
    Tron  
    Litecoin  
    Bitcoin Cash  
    Dogecoin  

    It might take some time for the establishment to process your transaction in the fiat payment method. Normally, this takes around 2-3 business days. As for crypto payments, it only takes about a couple of minutes. All that being said, mind that the casino puts a limit on how much you can transfer at a time. This limit varies with each payment method. Thus, be sure to examine it first.

    ✅Deposit & Win Big – Your Jackpot Awaits!

    Customer Support

    7Bit Casino provides 24/7 customer service to its users. Not only that, the services are also provided within minutes after the query is raised. In fact, the maximum time taken for them to get in touch with the players is estimated to be an average of 7–8 minutes.

    For VIP customers, this response time is significantly lower. This high level of support is one of the reasons 7Bit is often considered among the best real money online casino options. The team also provides refined and clear answers to each question and addresses the root causes in case of problems, ensuring transparency to its players.

    Mobile Experience & UI
    A lot of people have praised 7Bit’s for its easy-to-navigate and intuitive interface that allows players to find and explore different platform features easily. The main reason for this is that the online casino was built with the intention of providing an immense experience on both desktop and mobile devices, to ensure seamless gameplay regardless of the platform.

    To top it off, the visually appealing nature of the platform further enhances the overall user experience. Additionally, the platform’s UI helps players deposit and withdraw funds easily, making it one of the top choices for players worldwide.

    Pros & Cons: 7Bit Casino
    7Bit Casino is widely regarded as one of the most trustworthy and reputable gambling havens in the industry. Often mentioned among contenders for the best real money online casino, it stands out for its commitment to fairness and user experience. However, the truth is that it is just like any other casino out there, meaning it also has its own set of advantages and disadvantages. Here, we will be looking into these, so you know exactly what you will get with 7Bit Casino.

    Pros:

    • Lucrative VIP programs
    • High-speed transactions
    • High-security mechanism
    • Tournaments with huge reward pools
    • 100 Free Spins on the first deposit in addition to a 100% bonus of the deposit amount
    • 7000+ online casino games
    • Weekly 500 Free Spins from various promotional events
    • Cashbacks range from 5% to 20% every week.

    Cons:

    • Restricted in some of the major countries due to legal restrictions.
    • Some major games like Craps are not featured in 7Bit Casino.
    • Spending too much time in 7Bit could lead to addiction.
    • Some bonuses have high wagering requirements.

    How To Begin Your Gambling Career In 7Bit Casino: A Step-by-Step Guide
    Wondering how to start gambling in 7Bit Casino? We got you covered. Refer to the following steps, and you will be all set to build your gambling career with the best real money online casino in the world.

    Step 1: The Official Website
    Visit the 7Bit Casino’s official website here. You can access it from any platform, meaning it is available on both desktop and mobile. So visit the site and commence creating your account. Also, make sure you’re visiting the correct site by checking its license details in the footer section.

    Step 2: Creating a 7Bit Account
    Click the ‘Sign Up’ button on the platform’s homepage and submit the following details.

    • A valid email address
    • Password (Make sure it is strong)
    • Preferred payment method

    Now go through the ‘Terms & Conditions, agree to them, and submit the details by clicking the ‘Sign Up’ button on the pop-up page.

    Step 3: Making the First Deposit
    Now that you have created your account, it’s time to start gambling. For this, you need money. So, go to the “Deposit” section and choose your preferred currency. Next, click on the “Continue” button and enter the necessary details. For instance, if you have chosen MasterCard or VISA, enter the card number and other details, and in the case of other payment methods like AstroPay or eZeeWallet, enter your wallet address and other necessary information.

    After this, complete the KYC verification and initiate payment. In case of successful payment, the amount will be automatically deposited into your account in a matter of minutes. As for cryptocurrency deposits, you need to choose the preferred currency and send it to a wallet address provided on the deposit page. Just keep in mind the transaction fee in both cases.

    Step 4: Start Gambling
    After the fund gets credited to your account, hit up any game, place your bet, and start gambling. If you want a specific type of game, you can always choose from their ‘Collections’.

    Responsible Gambling Measures & 7Bit Casino

    7Bit Casino is licensed by the Curacao iGaming Agency, and to maintain this license, the casino must implement several responsibilities and features to ensure the safety and well-being of its players. These regulatory standards are part of what helps position 7Bit as a contender for the best real money online casino. Here, we will look into these aspects so you can use them if the need arises.

    • Deposit Limits: It is important to set a budget when it comes to gambling. If you don’t, you might end up overspending and exhausting your money supply chasing after losses and revenge gambling. To prevent this, 7Bit enables its players to set a limit on the deposit amount. After you hit this limit, you won’t be able to deposit more money into your account for a specific time frame.
    • Session Time Remainders: You can easily lose track of time when playing games, especially ones that give you thrills. In such a case, the session time remainder tool helps players by keeping track of their logging time and urging them to take breaks in case of prolonged gambling.
    • Cool-Off Periods: Cool-off periods are used when one wants to take a short break from gambling. They help in preventing people from getting addicted to gambling and making impulsive decisions that could result in the loss of money.
    • Self-Exclusion Programs: Self-exclusion programs are used when a player succumbs to gambling addiction. The program enables them to take long breaks from the platform, generally ranging from 6 months to 5 years. During this time, their account will remain deactivated.
    • Reality Checks: The tool is much like session time remainders, and is mainly used by players to track the time and money spent on the gambling platform. It prompts the players to reflect on this data and take adequate action if required.

    Top Games Of 7Bit Casino
    There are over 7000+ games in 7Bit Casino, spanning over 6 categories, and that too from top providers in the market like BGaming and MicroGaming. In this session, we will introduce you to these categories and the fan favorites in each category.

    Slot Games
    Slot games, or slot machines, are games of luck where players spin a wheel to try to win a jackpot. The outcome of this game is entirely dependent on the Random Number Generator, making it a top choice among players who want to test their luck. The top slot games in 7Bit Casino include:

    • Mega Moolah
    • Lightning Roulette
    • Divine Fortune
    • Immortal Resonance
    • Dead or Alive II

    Table Games
    Table Games are casino games that are normally played on a tabletop under certain house rules. The top table games provided by 7Bit include:

    • Poker
    • Roulette
    • Blackjack

    Live Dealer Games
    Live dealer games are online casino games that replicate the atmosphere of a real casino by using a video streamer, instead of a Random Number Generator. In these games, a dealer deals the cards, while the players try to outsmart him and win the pot. The top live dealer games featured in 7Bit Casino include:

    • Live Blackjack
    • Live Roulette
    • Live Baccarat

    ✅Get in the Game – Sign Up & Grab Your Bonus Now!!

    Hot RTP Games
    Hot RTP games are casino games that have an excellent win-to-lose ratio. The top high RTP games featured in 7Bit Casino include:

    • XXXTREME Lightning Roulette
    • Lady Wolf Moon Megaways
    • Throne of Camelot
    • Wild Spin Deluxe
    • Lightning Storm

    7Bit Exclusive Games
    7Bit Exclusive games are those games that are only available at 7Bit Casino. They are either developed by the casino itself or in collaboration with other providers. The top exclusive games in 7Bit include:

    • Wolf of 7Bit Street
    • 7Bit Wilds of Fortune
    • 7Bit & Hot Fruits
    • 7Bit Mega Sevens
    • 7Bit Bonanza

    High-Risk Games
    High-risk games are games with low winning probabilities but amazing victory rewards. The top high-risk games featured in 7Bit Casino include:

    • Dr Rock & The Riff Reactor
    • Jokrz Wild Ultranudge Gigablox
    • Pearls of Aphrodite
    • Prince of Persia: The Gems of Persepolis
    • Book of Amaterasu

    Final Remarks: Why Is 7Bit The Best Real Money Online Casino?

    7Bit was chosen as the best real money casino in the world when taking into account several aspects like bonuses, promotions, payment systems, security measures, and more. 7Bit’s diverse and straightforward payment mechanism makes it an all-time favorite among players.

    Apart from all this, the casino’s diverse catalog of games also helps cater to the needs of almost all types of gamblers in the industry. So, you should check it out, and who knows, maybe it’s the one you’re looking for. Just keep in mind not to overindulge when gambling.

    FAQs
    1. Are online casinos considered legal in the USA?
    Yes, online casinos and other gambling-related activities are banned in the USA. However, there are no regulations in place for remotely-licensed online casinos, like the ones that hold a Curacao iGaming license, like 7Bit. You can easily gamble in them without any fear of repercussions.

    2. What is the best offer in 7Bit Casino?
    Ans: The “best” offer in 7Bit Casino varies with individual preferences and how you intend to play on the platform. However, they offer major bonuses like a 100% welcome bonus, weekly cashback, telegram offers worth over 126 free spins, and a VIP program.

    3. How to claim your deposit bonus from 7Bit Casino?
    Ans: Log in to your account, browse to the “promotions” page, click the “Get Bonus” button, make a deposit, and enter the promo code. After completing this, the bonus will be automatically credited to your account.

    4. What are the top banking options available at 7Bit Casino?
    Ans: 7Bit offers several banking options, but the top ones include credit cards, Paysafecards, e-wallets, crypto wallets, and online banking.

    5. How long does it take to withdraw your money from 7Bit Casino?
    Ans: In 7Bit Casino, you can instantly withdraw crypto, while fiat transactions take up to 1-3 business days.

    Email: support@7bitcasino.com

    Disclaimer and Affiliate Disclosure

    Legal Disclaimer: Participation in online gambling must comply with local laws. 7Bit Casino encourages responsible play—only gamble with funds you can afford to lose.

    General Disclaimer

    This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of writing. No warranties are made, and users must verify information before acting.

    Casino and Gambling Disclaimer

    Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

    Affiliate Disclosure

    This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/57f74aef-fa80-41ac-8401-752616e8e2f0

    The MIL Network –

  • MIL-OSI: MEXC Launches DEX+ Super Fest with Multiple Rewards and Fee Rebates

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 12, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, is thrilled to announce the launch of its highly anticipated DEX+ Super Fest. The event kicks off on May 10, 2025, at 05:00 (UTC) and runs through June 10, 2025, at 05:00 (UTC). This global celebration brings users a unique trading experience packed with exciting benefits, generous incentives, and the chance to earn up to 550 USDT in rewards.

    MEXC DEX+ seamlessly integrates the security and convenience of centralized trading with the asset diversity and early price discovery advantages of decentralized platforms. Designed to make on-chain trading simpler and safer, DEX+ empowers users to engage confidently in the Web3 space.

    To support the growth of the DEX+ ecosystem and reward its global user base, MEXC is launching this event with a three-tiered reward structure, encouraging users to explore decentralized trading while benefiting from early market participation.

    Three Reward Tiers—Earn Up to 550 USDT

    1. Exclusive New User Reward

    During the event, new users who register on MEXC for the first time and complete at least 100 USDT in total trading volume on DEX+ will receive 20 USDT worth of SOL tokens, helping them kickstart their journey into trading on DEXs.

    2. Trading Streak Rewards

    Existing users can unlock rewards based on their trading activity:

    • Trade a minimum of 50 USDT over three consecutive days to earn 10 USDT in bonus rewards.
    • Reach a total of 200 USDT in trading volume over seven consecutive days to receive an additional 20 USDT, for a total reward of up to 30 USDT per person.

    3. Referral Rewards

    Invite friends through your unique referral link and earn 20 USDT per valid referral. Each participant can earn up to 500 USDT in referral rewards. Additionally, all referrers will enjoy a 40% trading fee rebate based on their referees’ DEX+ trading activity.

    The DEX+ Super Fest is a rare opportunity for crypto users worldwide to explore decentralized exchanges, enjoy innovative features, and unlock meaningful rewards. Whether you’re just beginning your crypto journey or already an experienced trader, this campaign delivers real value.

    Don’t miss your chance to trade smarter, earn more, and explore the future of DeFi. Visit the DEX+ Super Fest page on MEXC and join today.

    About MEXC

    Founded in 2018, MEXC is dedicated to being “Your Easiest Way to Crypto”. Known for its extensive selection of trending tokens, airdrop opportunities, and low fees, MEXC serves over 40 million users across 170+ countries. With a focus on accessibility and efficiency, our advanced trading platform appeals to both new traders and seasoned investors alike. MEXC provides a seamless, secure, and rewarding gateway to the world of digital assets.

    For more information, please visit: MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu at lucia.hu@mexc.com

    Source

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/02e69a99-234c-4ea2-aa76-5eeb23f86acc

    The MIL Network –

  • MIL-OSI: 21Shares Spotlights Solana’s Breakout Year in New “State of Crypto” Report

    Source: GlobeNewswire (MIL-OSI)

    New report explores Solana’s rise as the infrastructure layer of next-gen finance

    Zurich, 12 May 2025 – 21Shares, one of the world’s largest issuers of cryptocurrency exchange-traded products (ETPs), today announced the release of the 14th edition of its flagship research series, State of Crypto, featuring an in-depth spotlight on Solana.

    With ultra-high speed, near-zero fees, and a rapidly expanding ecosystem, Solana has emerged as a leading blockchain powering everything from cross-border payments to AI and decentralised physical infrastructure. The new report explores Solana’s evolution into a real-world financial layer, and why it is fast becoming the blockchain of choice for both developers and institutions.

    “Solana is redefining what’s possible with blockchain technology,” said Adrian Fritz, Head of Research at 21Shares. “It combines performance, usability, and scale in a way few networks can match. In this report, we unpack the numbers, the tech, and the trends behind Solana’s rise, and what that means for investors.”

    The report includes:

    • A detailed comparison between Solana and leading competitors such as Ethereum, Sui, and TON.
    • In-depth sector analyses of Solana’s growing ecosystem, including DePIN, AI agents, DeFi innovation, and the memecoin phenomenon.
    • A comprehensive valuation framework to evaluate whether Solana is currently undervalued relative to its peers.
    • Insights into Solana’s role within a diversified crypto portfolio and how it can enhance broader asset allocation strategies.

    Solana now processes over 3,000 transactions per second with transaction fees consistently below $0.01. During peak activity in January, it surpassed $364 billion in on-chain volume, matching the throughput of Nasdaq over the same period. With major integrations from Visa, Shopify, and PayPal, along with emerging innovations like Solana Blinks and the Saga smartphone, Solana is rapidly positioning itself as the foundational infrastructure layer for the next generation of the internet.

    21Shares offers the 21Shares Solana Core Staking ETP (ticker: CSOL), an exchange-traded product that allows investors to gain exposure to Solana without directly holding the asset. CSOL has a management fee of 0.35%, is 100% physically backed, and also benefits from staking rewards, which are seamlessly generated by adding the yield to the investor’s coin entitlement. 

    For more details about the 21Shares Solana Core Staking ETP, including the factsheet, please click here. 

    The report is available for download here.

    About 21Shares

    21Shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralised finance. For more information, please visit www.21Shares.com

    Contact: matteo.valli@21shares.com

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

    ###

    Attachment

    The MIL Network –

  • MIL-OSI: MEXC Lists 160 Tokens in April, Delivers Over 800% Returns Across Top Gainers

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 12, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released its April 2025 trading highlights, showcasing impressive results in token performance, early listing advantages, and community-driven events like airdrops.

    Key Takeaways:

    • MEXC listed 160 new tokens in April, led by trends in Meme, GameFi, AI, and DePIN sectors.
    • Top 10 new listings delivered an average of 832.33% ATH return, with HOUSE soaring +3,830%.
    • Tokens with high spot trading volume saw daily returns averaging 403.49%.
    • By pioneering listings for five key tokens—most notably HOUSE, which surged 11,580% between listings—MEXC gave users early access prior to their inclusion in IDO and alpha programs on other tier1 exchanges .
    • Airdrop+ campaigns reached 40,000+ participants, distributing about $1.5M in token rewards with a 40 USDT average return per user.

    According to the report, MEXC listed 160 new tokens in April, a 16.79% increase compared to March. This increase was driven by surging user interest in sectors such as Meme coins, GameFi, AI, and DePIN. This expansion of early-access opportunities reflects MEXC’s agile listing strategy and commitment to supporting new niches and communities.

    Top New Listings Deliver 832% Average Peak Returns

    MEXC’s strategic approach to listings paid off, with the top 10 tokens achieving an average all-time high return of 832.33%. HOUSE led the pack, posting a remarkable +3830.90% gain, followed by SEED (+952.63%) and TROLLSOL (+831.31%). These high performers span ecosystems including Solana, Sui, BSC, Ethereum, and Babylon.

    Strong Daily Performance Tied to Trading Volume

    April’s top 10 tokens by spot trading volume also posted robust short-term returns, with an average 24-hour return of 403.49%. Among them were the following assets:

    • WCT (+849.40%)
    • BANK (+937.10%)
    • BABY (+738.00%)

    The early token growth metrics highlight that activity on the platform is an important signal for early traders.

    MEXC Empowers Traders with Early Price Discovery Capabilities

    Notably, five tokens later featured in leading IDO and alpha programs were listed on MEXC prior to their program debuts, posting price gains of several hundred to several thousand percent between the two events:

    • HOUSE: +11,580%
    • PUMP: +281.54%

    The report findings reinforced MEXC’s reputation as a platform where market momentum is often detected first.

    Airdrop+ Events Attract 40,000 Participants, Drive New Token Buzz

    MEXC ran 23 Airdrop+ campaigns during the month, attracting over 40,000 participants and distributing almost $1.5 million in tokens. The average return per participant was 40 USDT, with top-performing tokens like SEED, PUMP, and BABY included in the prize pools.

    Airdrop+ has proven itself as a tool not only for attracting but also activating users, especially in Asian and emerging markets. A recent MEXC report based on the analysis of more than 100 campaigns in recent months revealed that up to 35% of new users register through participation in airdrop activities. Users involved in the campaign were more likely to continue active trading and participate in subsequent IDO/IEO offerings on the platform.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afe828f5-67e6-4019-9b94-0ad0634dcb6f

    The MIL Network –

  • MIL-OSI United Kingdom: Regeneration expert appointed to kickstart Oxford growth drive

    Source: United Kingdom – Executive Government & Departments

    Press release

    Regeneration expert appointed to kickstart Oxford growth drive

    Regeneration expert Neale Coleman CBE has been appointed as Chair of the Oxford Growth Commission.

    Neale Coleman CBE, Chair of the Oxford Growth Commission.

    • Neale Coleman CBE appointed as Chair of the Oxford Growth Commission to accelerate plans for new housing, jobs and infrastructure across the city
    • New group to play vital role in delivering Oxford-Cambridge Growth Corridor, improving transport links alongside boosting energy and water security 
    • Supporting the government’s Plan for Change to secure Britain’s future and unleash growth in every region across the country

    A leading regeneration expert has been appointed today as the Chair of a major government programme to grow the UK economy with new homes, infrastructure, transport links and jobs in the heart of the country’s oldest university city.  

    Neale Coleman will chair the Oxford Growth Commission that will identify how best to unlock new development and accelerate growth across Oxford and the surrounding areas. Neale already has a proven track record in delivering growth and regeneration, including his work for the 2012 Olympic and Paralympic Games in London and the 2022 Commonwealth Games in Birmingham.

    Working in lockstep with local partners and industry, the Commission forms part of wider government plans to deliver the Oxford-Cambridge Growth Corridor that will inject up to £78 billion into the UK economy by 2035, including new investment for the Abingdon Reservoir and funding for East-West Rail to deliver new services between Oxford and Milton Keynes.  

    The Commission’s pro-growth mission includes helping to unblock sites already identified for development, assessing areas of potential investment, and bringing councils and developers to the table so they can assemble land faster for major infrastructure projects. 

    Their work will support the government’s Plan for Change to build 1.5 million homes and new critical infrastructure, which will in turn create jobs, boost living standards, and put more money into working people’s pockets.

    Housing and Planning Minister, Matthew Pennycook said:

    “Unlocking Oxford’s full potential would make a significant contribution to kickstarting economic growth and so the appointment of Neale Coleman as the Chair of the Oxford Growth Commission marks an important step forward in the government’s Plan for Change”.

    “I know Neale will use his invaluable expertise to help remove barriers holding up the delivery of essential housing and critical infrastructure in the city, and that he will ensure the Commission is effectively supporting the government’s wider plans for the Oxford-Cambridge Growth Corridor to raise living standards, create new jobs and bolster the country’s connectivity and energy security.”

    Chair of the Oxford Growth Commission, Neale Coleman CBE said:

    “I’m delighted to take on this role of chairing the Growth Commission. The Commission brings together national government with partners from business, higher education and local government.  

    “Together we can provide new and united leadership in accelerating growth and opportunity and improving the quality of life for everyone who lives in Oxford and the surrounding areas. Oxford starts with amazing resources in the world-leading quality of its universities, the talents of its people and its innovative businesses.   

    “We can use all this as a springboard to accelerate and unblock barriers to sustainable growth delivering new job opportunities and more affordable housing as well as investing in sustainable travel and energy and nature recovery.”

    The new group will deliver growth objectives through five initial workstreams and their focus in Oxford and the surrounding areas include:  

    • Facilitating the delivery of priority transport infrastructure, such as buses and rail, and ensuring investment in new projects is aligned to areas under development.  
    • Addressing utilities constraints, including the capacity of sewage treatment facilities, water and energy to dismantle barriers holding up new homes and jobs.  
    • Identifying a pipeline of priority housing projects that includes more affordable homes, amenities and green spaces.  
    • Working in partnership with the universities to encourage more private investment in skills and talent to boost local employment.  
    • Piloting new investment models to unlock the financing and funding needed to accelerate infrastructure projects.  

    To drive growth across the region, the Commission will work closely with Lord Vallance as Oxford-Cambridge Growth Corridor Champion as well as Peter Freeman as Chair of the Cambridge Growth Company.

    Science Minister and Oxford Cambridge Growth Corridor Champion, Lord Vallance said:

    “Oxford is a byword, the world over, for invention, innovation, and aspiration. This city helps drive the economy of the entire country, and its deep skills base and world-class institutions are key to attracting the vital investment that will help us deliver on our Plan for Change. 

    “I welcome Neale’s appointment, and I hope that his leadership will help the Oxford Growth Commission unlock further investment, pinpointing the best places for development and testing new ways of funding innovative projects, as the next step in our mission to champion the Oxford-Cambridge Corridor.”

    Yesterday marked the first 100 days since the new Growth Corridor was announced by the Chancellor, and significant progress is already underway.  

    This includes confirmed funding to upgrade the A428 and reduce journey times between Cambridge and Milton Keynes, a new Health Data Research Service to accelerate the discovery of life-saving drugs, significant investment for nine new reservoirs to tackle water scarcity, and support for the East Coast Mainline station to expand the region’s economy.  

    Building on the Growth Corridor’s progress so far, the Commission will go even further to unleash the economic power of Oxford and Oxfordshire which will not only benefit the wider region but also help drive growth in every corner of the country.

    Professor Irene Tracey, Vice Chancellor at the University of Oxford said:

    “The University of Oxford attracts millions in investment through its thriving spin-out ecosystem as a world-class hub for research and innovation. It is proud to create new companies and jobs every year across the region, and as part of the Oxford-Cambridge supercluster it is committed to furthering its economic contribution to the region and UK. This ambition and growth will be realised more quickly through the Oxford Growth Commission under Neale’s outstanding leadership, and I look forward to working with him and his team on this exciting and crucial endeavour.”

    Councillor Susan Brown, Leader of Oxford City Council said:

    “Oxford has the ideas, skills and track record to drive inclusive local and national economic growth, but we have always known we need the right conditions to go further, faster. We have big ambitions for the future of Oxford. I welcome today’s appointment of Neale Coleman as the chair of the Oxford Growth Commission. The City Council and universities lobbied government to create this Commission to help us collectively address local infrastructure needs and barriers to growth. Neale’s track record in delivering large-scale projects, such as the Olympic Games, securing growth and propelling regeneration aligns with our own.

    “I look forward to working with him, and the wider Growth Commission, to unlock new opportunities that benefit the people here in Oxford – such as reopening the Cowley Branch Line, bringing forward Oxford West End and a new Oxford station – as well as supporting the Oxford-Cambridge Growth Corridor and driving economic growth across the UK. This is a chance to work together to deliver the infrastructure, housing and employment opportunities we need to secure a sustainable future for our children and grandchildren.”

    Sarah Haywood, Managing Director at Advanced Oxford said:

    “The Oxford region is already an important contributor to the UK economy, with the potential to contribute even greater sustainable growth as part of the Oxford to Cambridge Growth Corridor. To realise this potential, we need to unlock the barriers that are holding us back. Oxfordshire is home to world-leading science and technology companies, working to address global problems, but we need to see these companies scale. That means expanding and developing innovation-focused hubs, improving transport links, aligning our labour markets, and providing the housing needed to attract and retain talent to ensure inclusive growth. These developments will benefit the region, the Growth Corridor, and the UK as a whole. I welcome Neale Coleman’s appointment, and the establishment of the Oxford Growth Commission. Advanced Oxford is committed to supporting its work.”

    Further information:

    • The Oxford Growth Commission is a joint endeavour with membership consisting of government, Oxford City Council, Oxfordshire County Council, the University of Oxford, and Oxford Brookes, as well as a representative from the local Business Community, Advanced Oxford. 
    • Membership of the Commission will be made up of 9 representatives including the Ministry of Housing and Homes England, engaging with a range of local partners across the academic, innovation and infrastructure sectors to support delivery of its objectives.  
    • Neale Coleman’s appointment letter can be read in full here.
    • The Commission was previously announced by the Chancellor as part of her growth speech on 29 January.

    Neale Coleman CBE biography:  

    • Neale led the work on the bid, delivery and legacy of the 2012 Olympic and Paralympic Games at the Greater London Authority from 2000, co-chairing the Olympic Delivery Group and supporting former Mayors of London. He was a Board Member of the Olympic Delivery Authority throughout its life. 
    • He then took a leading role in embedding the regeneration and growth legacy of the Olympics in East London as Deputy Chair and Chair of the London Legacy Development Corporation.  
    • Neale chaired the Capital Programme Delivery Board for the successful Commonwealth Games in Birmingham 2022. 
    • He was a National Infrastructure Commissioner between 2021 and April 2025 and was then appointed as a member of the Advisory Council to the National Infrastructure and Service Transformation Authority (NISTA), the Government’s new centre of expertise for infrastructure and major project strategy and delivery.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New fund to prevent homelessness

    Source: Scottish Government

    Cash-first approach to keeping tenants in their homes.

    A partnership programme to help prevent people from becoming homeless has been launched by the Social Justice Secretary Shirley-Anne Somerville. This is in addition to the £4 million investment in homelessness prevention pilots in 2025-26 highlighted by the First Minister in the Programme for Government.

    The £1 million Upstream Homelessness Prevention Fund will bring together Registered Social Landlords (RSLs), third sector organisations, community groups and other local partners to expand on existing successful approaches to preventing homelessness and explore innovative ways to sustain tenancies.

    Partnerships funded by the programme will receive a cash fund for individual payments of up to £1,300 to help prevent people becoming homeless. The year long programme will also help to inform how RSLs will carry out the new Ask and Act prevention duties outlined in the Housing Bill currently progressing through Parliament.

    The Scottish Federation of Housing Associations and Homeless Network Scotland will administer the Scottish Government funded scheme which is open for applications.

    Ms Somerville said:

    “The aim of the fund is to break the cycle of repeat homelessness by providing targeted joined-up support for people struggling to pay their rent while also having to navigate housing, health and social care services.

    “This early intervention approach will help to minimise evictions by upstream prevention activity and identifying opportunities to build up support systems where they are needed. This will help people to keep their tenancies and prevent them from becoming homeless.

    “The scheme will also provide valuable feedback for the wider RSL network and provide examples of service design and delivery that can be replicated in other places and contexts.”

    Scottish Federation of Housing Associations Chief Executive Sally Thomas said:

    “We are delighted to administer this important funding, which will complement the significant efforts housing associations make to help people remain in their homes.  This could include providing direct cash interventions to those facing financial difficulties, or forming local partnerships to make use of shared spaces and staff to create joined-up approaches to homelessness prevention.

    “Beyond the funding, this programme will also provide vital insights on the support needed to help people at risk of homelessness and inform future approaches to partnership working to deliver the Ask and Act duty.”

    Homeless Network Scotland Chief Executive Maggie Brunjes said:

    “Housing associations and third sector organisations are ideally positioned to prevent homelessness by delivering early, community-focused interventions. This Scottish Government funding will support local partnerships, enabling tailored solutions that tackle material hardship and leverage community resources to help people remain in their homes.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Support delivered to thousands amid cost of living crisis

    Source: City of Derby

    As part of a city wide partnership response to the ongoing cost of living crisis, Derby City Council and its partners have provided vital support to thousands of residents through a range of welfare, food, clothing, and financial assistance programmes. Over the past year, targeted initiatives have delivered essential services, demonstrating Derby’s commitment to protecting its most vulnerable residents.

    Key achievements of the past year have included:

    • Food & Essentials Support: Between April and November 2024, over 18,447 food parcels were distributed which adds up to more than 21,624 meals. In December 2024 alone, 2,642 food parcels helped feed 7,435 people.
    • Warm Welcome Hubs: Nearly 50,000 visits have been recorded across Derby’s Warm Hubs since June 2024, providing warmth, social connection, and safety for pensioners, people with disabilities, and others in need.
    • Benefits and Welfare Assistance: More than 6,000 applications have been processed for Council Tax Support, Housing Payments, and hardship funds since April 2024. Derby’s Welfare Reform Team has secured over £2.1 million for residents since 2018 and supported 1,809 vulnerable households.
    • Household Support Fund (HSF): Over 1 million free school meals were funded during school holidays, and nearly £785,500 in food vouchers and £239,000 in energy support have been distributed since April 2024.
    • Pension Credit Awareness: A targeted campaign, including a pop up pensioner event, helped older residents claim Pension Credit entitlements and receive cost of living support.

    Councillor Sarah Chambers, Cabinet Member for Cost of Living, Equalities and Communities, said:

    Behind every number in this report is a real person. These services exist to offer not just practical support, but dignity, hope, and the reassurance that no one in Derby has to face hardship alone.

    We know that times are tough, and it’s okay to ask for help. Whether you need help with clothing, help with bills, or just someone to talk to, there is support available. I strongly encourage anyone who’s struggling, or knows someone who is, to visit the cost of living support webpage or speak to your local neighbourhood team. The support is there to guide you to the right help at the right time.”

    Going forward into 2025, there will be continued support for a range of issues relating to cost of living. Household Support Fund 7 will also be launching. You can read more about the new Household Support Fund on our Newsroom.

    For more information on accessing support services, please visit the Community Action Derby cost of living webpage. You can also learn more about your neighbourhood team online. If you are struggling to find work at this time, The Derby Adult Learning Service and the Employment Hub may be able to help you upskill and find the next step in your career.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Immigration white paper to reduce migration and strengthen border

    Source: United Kingdom – Executive Government & Departments

    News story

    Immigration white paper to reduce migration and strengthen border

    Radical reforms to Britain’s immigration system, restoring control to our borders and reducing record-high levels of net migration have been set out.

    Measures unveiled in the immigration white paper published today (Monday 12 May) will reshape our immigration system towards those who contribute most to economic growth, with higher skills standards for graduates and workers. 

    New requirements on employers to boost domestic training will end the reliance on international recruitment, restoring order to a failed system that saw net migration quadruple between 2019 and 2023. 

    Key policies in the 82 page blueprint, titled Restoring Control over the Immigration System, include the following: 

    • reversing the long-term trend of increasing international recruitment at the expense of skills and training

    • the labour market evidence group will be established, drawing on the best data available in order to make informed decisions about the state of the labour market and the role that different policies should play, rather than always relying on migration

    • departments across government will engage sector bodies as part of this approach

    Raising Skilled Worker threshold – skilled must mean skilled 

    Lifting the level for skilled workers back to RQF 6 (Graduate level) and above. Salary thresholds will rise.

    The immigration salary list, which gives people discounts from salary thresholds, will be abolished. 

    Access to the points-based immigration system will be limited to occupations where there have been long term shortages, on a time limited basis, where the Migration Advisory Committee (MAC) has advised it is justified, where there is a workforce strategy in place, and where employers seeking to recruit from abroad are committed to playing their part in increasing recruitment from the domestic workforce.

    Adult social care 

    End overseas recruitment for social care visas. In line with our wider reforms to skills thresholds, we will close social care visas to new applications from abroad.  

    For a transition period until 2028, while the workforce strategy is being developed and rolled out, we will permit visa extensions and in-country switching for those already here. This will be kept under review. 

    Study 

    We will strengthen the requirements that all sponsoring institutions must meet in order to recruit international students.

    We will introduce new interventions for sponsors who are close to failing their sponsor duties, including placing them on an action plan designed to improve their compliance, and imposing limits on the number of new international students they can recruit while they are subject to those plans. 

    We will reduce the ability for graduates to remain in the UK after their studies to a period of 18 months.

    Family 

    We will tackle the over complex family and private life immigration arrangements, where too many cases are treated as ‘exceptional’ rather than having a clear framework. 

    Legislation will be brought forward to make clear it is the government and Parliament that decides who should have the right to remain in the UK. This will address cases where Article 8 right to family life legal arguments are being used to frustrate deportation where removal is clearly in the public interest. 

    Growth  

    We will go further in ensuring that the very highly skilled have opportunities to come to the UK and access our targeted routes for the brightest and best global talent.

    This includes increasing the number of people arriving on our very high talent routes, alongside faster routes for bringing people to the UK who have the right skills and experience to supercharge UK growth in strategic industries.

    This includes increasing places to our scheme for research interns, making it easier for top scientific and design talent to use our Global Talent visa, and reviewing our Innovator Founder visa and High Potential Individual route to maximise their benefit to the UK economy. 

    Tackling abuse 

    New policies will apply to individuals who claim asylum where conditions in their home country have not materially changed, particularly where they have claimed asylum after arrival. 

    Tighter visa controls, restrictions, requirements or scrutiny will be applied where we have evidence of abuse, based on a clear assessment of the risks. 

    Measures to ensure that other governments play their part in supporting the integrity of the UK immigration system – particularly where there are currently barriers in the way of us returning their nationals. 

    Innovative financial measures, penalties or sanctions, including for sponsors of migrant workers or students where there is evidence of abuse. These will incentivise them to act responsibly, with new measures to support compliance with visa conditions by migrants.

    Foreign national offenders (FNOs) 

    Reform the deportation system to ensure the Home Office is informed of all foreign nationals convicted of offences – not just those who go to prison.  

    Review deportation thresholds to take into account a wider range of factors than just the length of sentence, and start by revising the statutory exceptions criteria to ensure that the deportation test reflects the seriousness of violence against women and girls.  

    English language 

    Introduce new English language requirements across a broader range of immigration routes, for both main applicants and their dependants, to ensure a better knowledge of English, including an assessment of improvements over time.  

    Earned settlement and citizenship 

    Double the standard qualifying period for settlement to 10 years. 

    Expand the points-based system to both our settlement and citizenship rules, so they are based on contribution to the UK, with further details to be set out to Parliament by the end of the year. 

    The policies outlined, part of the government’s Plan for Change, will be delivered over the course of this Parliament to strengthen the UK’s immigration system, with the first changes set to be introduced in the coming weeks. 

    The government will publish further reforms to the asylum system and border security later this summer, building on measures in the Border Security, Asylum and Immigration Bill currently progressing through Parliament.

    Updates to this page

    Published 12 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Economics: [Toyota Times] The Year’s Two Key Themes – President Sato on Toyota’s Transformation

    Source: Toyota

    Headline: [Toyota Times] The Year’s Two Key Themes – President Sato on Toyota’s Transformation

    At Toyota’s financial results briefing for the year to March 2025, President Koji Sato spoke about the company’s progress in strengthening its foundations, and its efforts to change the future of cars. We share his speech in full.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Speech by SLW at plenary session of Seventh APEC Human Resources Development Ministerial Meeting (2) (English only) (with photo)

    Source: Hong Kong Government special administrative region

    Speech by SLW at plenary session of Seventh APEC Human Resources Development Ministerial Meeting (2) (English only) (with photo) 
    Good afternoon, chair and distinguished fellow ministers,
     
    It is a privilege to speak before this distinguished assembly on a topic of paramount importance to the continued success of every economy. That is talent and manpower. In our fast-paced and ever-changing world, an economy’s ability to adapt and succeed hinges on the dynamism and resilience of its workforce and how well it responds to the demands of future jobs.
     
    Based on our forecast, Hong Kong, China would face an overall manpower shortage of 180 000 in 2028, with over one-third being skilled technical workers. Broader trends such as economic restructuring, technology advancement, business automation and digitalisation across industries would alter demand for job roles and skills in the market. According to a study by the IMF (International Monetary Fund), nearly 40 per cent of jobs globally are likely to be impacted by AI, in particular in high-skill sectors.
     
    It is necessary for our workforce to continuously equip themselves with new and relevant skills to stay competitive in the evolving job market. This includes acquiring AI-related competencies, digital skills and other technical expertise that are increasingly in demand. At the same time, workers must also strengthen their adaptability, embrace lifelong learning and be open to change.
     
    Hong Kong, China makes significant investment in education to provide our young people with diversified and quality education and promote whole-person development. The huge investment we make in education allows the young to choose their own articulation pathways and join different industries according to their interests and abilities.
     
    To further elevate the status of vocational and professional education and training, we are pressing ahead with the establishment of universities of applied sciences (UAS), providing a pathway to success for young people who aspire to pursue a career in professional skilled sectors. The Hong Kong Metropolitan University and Saint Francis University were qualified as the first two UAS in Hong Kong, China.
     
    We have also supported the Vocational Training Council to provide a comprehensive system of vocational education and training services. The council offers more than 1 000 in-service training short courses annually to upgrade skills and knowledge with over a hundred thousand of student enrolments every year. Furthermore, the Employees Retraining Board provides eligible trainees with market-driven and employment-oriented courses to assist them in joining or rejoining the labour market. The Board currently offers more than 700 training courses straddling 28 industry areas.
     
    To address the challenges of the ageing population and shortage of manpower supply, Hong Kong, China has implemented various well-received talent attraction measures since end-2022. The statistics of admission applications prove that Hong Kong, China is the preferred destination for outside talent. As at end-March 2025, we received over 460 000 new applications and approved over 300 000 cases. 
     
    To build a quality talent pool for future development, we are reforming various aspects of our talent admission regime. We will shortly invite top and leading talent to come to Hong Kong, China for development so as to better realise our role as an international hub for high calibre talent. We will also allow young non-degree talent with professional and technical qualifications and experience to come to Hong Kong, China to join trades facing manpower shortage.
     
    Looking ahead, Hong Kong, China will closely monitor the employment market, continuously review manpower policies, strengthen training and employment support and encourage employers to provide a favourable work environment with a view to facilitating greater participation in the labour market and fostering sustainable economic development.
     
    Thank you.
    Issued at HKT 15:40

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    MIL OSI Asia Pacific News –