Category: Economy

  • MIL-OSI New Zealand: Consumer NZ – This Mother’s Day, give the gift of scam protection and digital confidence

    Source: Consumer NZ

    Now is a great time to brush up on digital hygiene or share advice with someone you care about – in your family, workplace or social circle.

    “When it comes to showing someone you care for them, a bunch of flowers is nice – but helping protect them from scams and digital threats might be the most powerful gift you could give,” says Sahar Lone, Consumer NZ’s communications and campaigns manager.

    “Many of us act as unofficial tech support for the mother figures in our lives. Mother’s Day is a great time to sit down together and set up some simple protections or share some tips to the family group chat. It’s a free, practical and genuinely caring gesture.”

    Consumer’s latest Sentiment Tracker results show that 56% of New Zealand households have been targeted by scams in the last year. Notably, high-value losses are growing – 34% of scam victims lost over $1,000, up from 26% last year.

    With scams becoming more sophisticated – from fake parcel tracking texts to the rise of ‘Hi Mum’ impersonation scams – it’s important to have these conversations, says Lone.

    “These chats can feel awkward, but they don’t have to be. One way that works for a lot of people is to tell a story – whether it’s yours or someone else’s – to share, not shame.”
     
    The Financial Crime Prevention Network found people aged 50 years and older are a bit more common in scam victim data, but all age groups are affected.

    “Scams affect New Zealanders of all ages and backgrounds – not just older individuals or those who aren’t tech-savvy. While women are slightly more likely to fall victim, no one is immune” says Lone.

    So, yes, helping your mum with scam protections is a gift to her – but also a way to protect your whole whānau from messy financial fallout.

    Seven tips to share this Mother’s Day.

    Set up two-factor authentication for accounts like banking, email and social media. This extra layer of protection sends a code to your phone or email to log in. Make sure the phone number you give is a mobile – not a landline.

    Use a password manager. These tools store and generate strong passwords, so you don’t have to remember them.

    “You only need to remember one password, the ‘vault’ password,” says Lone. “And if you write it down, don’t label it. Just stash it away somewhere safe.”

    Don’t reuse passwords. A password manager makes it easy to create unique passwords for every site, limiting the amount of thinking you have to do.

    Avoid clicking links in emails or texts. “Even if it looks legit, go to the website directly instead of clicking a link that someone has sent you,” says Lone.

    Check that account names and numbers match. Major banks offer confirmation of payee, a service that can help make sure your money goes to the right person. If there’s a partial match, no match, or other issue, check the details and only pay if you’re sure they’re correct. If you proceed without a full match, you risk sending the money to the wrong account and may never get it back.

    Only buy from trusted sites and check the URL. Scammers often use social media marketplaces and create fake websites. According to the State of Scams in New Zealand 2024 report by New Zealand’s online safety organisation Netsafe and the Global Anti-Scam Alliance, scammers use Gmail, Facebook and WhatsApp as their go-to platforms.

    Make a family scam plan. “My mum and I agreed I’ll never contact her about money in writing, only in person. That gives us both peace of mind,” says Lone.

    And while you’re on the topic, take the opportunity to talk with the whole whānau about how they’d respond to a scam, including the following steps.

    If something feels off, act quickly. Contact your bank, report the incident to the National Cyber Security Centre’s response team, CERT NZ, and if needed, reach out to the police, a lawyer or the Banking Ombudsman Scheme.

    Go to Netsafe or CERT NZ for free scam information and support.

    Sign our Stamp out scams petition and help apply pressure to government to introduce a national scam framework in New Zealand that will hold businesses to account: https://consumernz.cmail19.com/t/i-l-fhildll-ijjdkdttjk-j/

    About Consumer

    Consumer NZ is an independent, non-profit organisation dedicated to championing and empowering consumers in Aotearoa. Consumer NZ has a reputation for being fair, impartial and providing comprehensive consumer information and advice.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Employment – Workers pledge hybrid work is best to be productive – Survey

    Source: Robert Half

    • 70% of Kiwi workers believe hybrid work has a positive impact on their productivity levels 
    • 32% of workers believe working in the office full-time has a negative impact on their productivity 
    • 94% say the work environment has an impact on their productivity.

    Auckland, 7 May 2025 – Employees believe a hybrid work arrangement has the most positive impact on enhancing their productivity, new independent research by specialised recruiter Robert Half finds.  

    When asked to outline the impacts on productivity of different work environments, only 6% of employees stated it does not matter where or when they work, as they do not believe it would impact their productivity.

    Workers believe working at home has the greatest positive impact on their productivity levels, whether that is for some (70%) or all (63%) of their working week. Similarly, with 32%, working from the office full time was reported as having the highest negative impact on productivity of all ways of working.

     

    Working from home full time

    Working from the office full time

    Hybrid work

    Working outside of traditional hours

    Positive impact

    63%

    42%

    70%

    57%

    Negative impact

    16%

    32%

    8%

    16%

    No impact

    22%

    26%

    23%

    27%

    Independent survey commissioned by Robert Half among 500 full-time office workers in New Zealand

     

    “Workers find that the blend of in-office and at-home work optimises their productivity by leveraging the unique advantages of each environment,” says Megan Alexander, Managing Director at Robert Half. “But most New Zealand employers now require full-time office attendance as business leaders recognise that the absence of in-person work hinders the collaborative culture that leads to increased productivity.

    “In saying this, many organisations are providing flexible work hours, giving employees the option to adjust their day when needed as an alternative, which is shown to have positive effects on worker productivity, motivation, and engagement. The most successful organisations will be those that find the right balance between flexibility and accountability.”  

    About the research

    The study was developed by Robert Half and was conducted online in November 2024 by an independent research company among 500 full-time office workers in finance, accounting, and IT and technology. Respondents are drawn from a sample of SMEs as well as large private, publicly-listed and public sector organisations across New Zealand. This survey is part of the international workplace survey, a questionnaire about job trends, talent management, and trends in the workplace.    

    About Robert Half

    Robert Half is the global, specialised talent solutions provider that helps employers find their next great hire and jobseekers uncover their next opportunity. Robert Half offers both contract and permanent placement services, and is the parent company of Protiviti, a global consulting firm.  Robert Half New Zealand has an office in Auckland. More information on roberthalf.com/nz.  

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Unemployment data shows real weakness behind the headline rate

    Source:

    Unemployment data released today by Statistics New Zealand shows ongoing weakness in the labour market, with falling employment, falling hours of work, and nearly half of all workers getting a pay rise less than inflation, said NZCTU Te Kauae Kaimahi Economist Craig Renney.

    “While the unemployment rate number stayed at 5.1%, the number of people working full-time fell by 45,000 while the number working part-time increased by 25,000. People can’t find all the work they need to get by,” said Renney.

    “This data demonstrates that there are now 37,000 more unemployed people than at the last election. Māori unemployment is now at 10.5% and Pacific unemployment is at 10.8%. Employment fell in manufacturing, construction, retail, education, and health care. There are now nearly 3 million fewer hours being worked in the economy.

    “The weakness of current economic growth is also being reflected in the wage data. Total weekly gross earnings rose by less than inflation at 2.4% annually. 41% of workers saw no pay rise at all. It’s clear that workers are struggling to get the wage increases they need to keep up with the cost of living.

    “Youth unemployment continues to rise. There are now 70,700 15–24-year-olds unemployed and 96,600 are not in employment, education or training. There is no plan to help these younger workers, and they are bearing the brunt of employment change.

    “Without changes to the Government’s economic approach, things will likely get worse. In 2022 New Zealand was sixth in the OECD rankings for unemployment. We are now 18th.

    “The Budget this month will likely see forecasts of unemployment rising in the future. It’s time to change course and deliver policies that ensure good work and fair pay for all,” said Renney.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Govt for the rich is failing the unemployed

    Source: It’s time to fix the secondary teacher shortage

    The latest job market statistics show that unemployed people are being failed by a Government more focused on punishing the poor than creating jobs.

    “This Government for the rich is failing unemployed people and fuelling poverty,” says the Green Party’s spokesperson for Social Development and Employment, Ricardo Menéndez March.

    “The economy belongs to us, we can build it for us. We can ensure people have stable employment and incomes instead of slashing jobs and cutting back on support for those trying to find work. 

    “The Ministry of Social Development has recently admitted their frontline capacity is oversubscribed and unable to properly support people due to the punitive sanctions regime the Government has brought in. 

    “There’s no evidence that sanctions work in helping people into jobs, and it’s clear the Government has no plan for supporting those who are struggling the most. 

    “As the unemployment rate remains high, the Government is preparing an austerity Budget and rushing through legislation to stop pay equity claims, while also passing new laws to create more arbitrary sanctions on beneficiaries.

    “All of this is part of the plan to fund tax cuts for the rich and profit from the poverty growing in our communities. 

    “The Green Party will repeal all benefit sanctions and lift income support to ensure unemployed people are supported to find work. We will build an economy that works for all of us, not just a wealthy few. We look forward to sharing this vision with Aotearoa soon with our Green Budget,” says Ricardo Menéndez March.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Members appointed to the PM’s Science, Innovation and Technology Advisory Council

    Source: Ministry of Business Innovation and Employment MBIE (2)

    The members are:

    • Merryn Tawhai
    • Sir Peter Gluckman
    • Craig Piggott
    • Komal Mistry-Mehta
    • Malcolm Johns
    • Dr John Roche, who was also announced as the new Prime Minister’s Chief Science Advisor.

    The chair of the council is the Science, Innovation and Technology Minister Dr Shane Reti. Dr John Roche will be Deputy Chair. Biographies of the members will be published soon.

    Collectively, the members bring a whole-of-economy perspective to the investment decisions made in our Science, Innovation and Technology system. Members are nominated for 3 years and can hold a maximum of 2 terms.

    This council, announced as part of the science reforms earlier this year, will be focussed on ensuring our science system is driving economic growth and improving the quality of life for New Zealanders now and into the future. This will involve:

    • identifying focused priorities
    • identifying areas that could be deprioritised
    • identifying opportunities for commercialisation
    • ensuring that the science, innovation and technology system is aligned with New Zealand’s economic strategy.

    MBIE will be secretariat and will soon arrange an initial meeting.

    MIL OSI New Zealand News

  • MIL-OSI: Mizuho Names 2023 Mizuho Americas Open Junior Winner Yana Wilson as Brand Ambassador

    Source: GlobeNewswire (MIL-OSI)

    The Epson Tour’s newest champion joins Legend Michelle Wie West and LPGA stars Rose Zhang and Ayaka Furue to form Team Mizuho

    Wilson to compete in 2025 Mizuho Americas Open as sponsor exemption

    NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) — Mizuho Americas, the Americas arm of Mizuho Financial Group (NYSE: MFG), one of the largest financial institutions in the world and title sponsor of the Mizuho Americas Open, today announced Yana Wilson, 2023 American Junior Golf Association (AJGA) Player of the Year and current rookie on the Epson Tour, as an official brand ambassador. Wilson – who earned her first professional victory on the Epson Tour this past Sunday in her hometown of Las Vegas – joins Michelle Wie West, Rose Zhang and Ayaka Furue in representing “Team Mizuho.”

    After advancing to Qualifying in the LPGA Q-Series, Wilson secured guaranteed Epson Tour status for 2025 and ultimately decided to bet on herself and go pro. Prior to joining the Epson Tour, Wilson secured four AJGA victories, including winning the amateur tournament at the inaugural 2023 Mizuho Americas Open at Liberty National Golf Club.

    “Watching Yana transition from a top-ranked amateur to a dedicated pro, has been an inspiring journey,” said Cheryl Gilberg, Chief Marketing Officer, Mizuho Americas. “Her win at the inaugural Mizuho Americas Open in 2023 and her impressive second-place finish in 2024 showcased not just her incredible talent, but also her unwavering determination and grace. We are thrilled to have her as part of Team Mizuho and look forward to supporting her every step of the way.”

    As previously announced at the Mizuho Americas Open media day in April, Mizuho has extended a sponsor exemption for Wilson to compete in the 2025 Mizuho Americas Open May 8 – 11, at the iconic Liberty National Golf Club in Jersey City. She will make history as the first player to win the tournament as a junior and return to compete as a professional.

    “It’s an honor to join Team Mizuho alongside such inspiring women and accomplished golfers,” said Wilson. “Mizuho’s commitment to providing a championship experience for amateur and professional players alike is something I have been fortunate enough to experience through the Mizuho Americas Open. I am proud to represent Mizuho as they continue to help advance the next generation of talent and level the playing field for women.”

    Mizuho recently renewed its title sponsor agreement for the Mizuho Americas Open through 2030 and will raise the purse to $3.25 million in 2026, one of the largest outside of the Major championships. The tournament will maintain its successful format where the AJGA’s future stars compete alongside the best women golfers in the world. The new five-year agreement will allow the marquee tournament to remain in the New York City Metro area, providing unmatched benefits to the LPGA players, AJGA junior golfers, and the local community.

    The expanded ambassador program is a key component of Mizuho’s support of the LPGA. As the title sponsor of the Mizuho Americas Open, Mizuho is committed to enhancing the player experience while providing opportunity and mentorship through a new standard of competition with its pro/junior format, world-class golf course, player accommodations, and longstanding partnership with Girls Inc.

    About Mizuho
    Mizuho Financial Group, Inc. is one of the largest financial institutions in the world as measured by total assets of ~$2 trillion, according to S&P Global 2024. Mizuho’s 65,000 employees worldwide offer comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.

    Mizuho Americas is a leading Corporate and Investment Bank (CIB) that provides a full spectrum of client-driven solutions across strategic advisory, capital markets, corporate banking, and fixed income and equities sales & trading to corporate, government, and institutional clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho enhanced its M&A, restructuring, and private capital advisory capabilities across the Americas, Europe, and Asia. Mizuho Americas employs approximately 4,000 professionals. For more information, visit www.mizuhoamericas.com.

    About the Mizuho Americas Open
    The Mizuho Americas Open is a purpose-driven tournament on the LPGA Tour. As title sponsor, Mizuho Americas created and drove the vision for a distinctive and premium event that celebrates women and advances the next generation, with a charitable focus on providing leadership and life skills to young girls from underserved communities. Played at the prestigious Liberty National Golf Club, with LPGA icon Michelle Wie West as celebrity host, the tournament features an elevated purse and a unique junior component where the AJGA’s stars of tomorrow compete alongside the best women golfers in the world. The tournament is also home to the Mizuho Americas DrivHER Summit, an inspirational day of learning and activities for Girls Inc., the official charitable partner of the Mizuho Americas Open. The Summit leverages the game of golf and the LPGA to inspire the members of Girls Inc. to discover the confidence they need to become leaders in their communities.

    Media Contacts

    For Mizuho:
    Laura London
    Director, Media Relations, Mizuho
    (917) 446-5226
    laura.london@mizuhogroup.com

    Jon Schwartz
    Head of Sports, Prosek Partners
    (347) 794-9633
    jschwartz@prosek.com

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4b7ec21-1e15-4b10-9012-601c7b5dec5a
    https://www.globenewswire.com/NewsRoom/AttachmentNg/0a3bc026-d816-486f-9906-ade8df91f1f0
    https://www.globenewswire.com/NewsRoom/AttachmentNg/58b485e7-cef7-4f36-8957-b30ce9423d54
    https://www.globenewswire.com/NewsRoom/AttachmentNg/1345499e-6536-41eb-887e-043748d4ca82

    The MIL Network

  • MIL-OSI: Foreign Investors in Steamboat Springs Marriott Hotels (JF40) Project Obtain Conditional Green Card Approval

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, May 06, 2025 (GLOBE NEWSWIRE) — EB5 Capital is pleased to announce the first individual I-526E petition approval for an investor in its Steamboat Springs Marriott Hotels (JF40) project. An I-526E approval is a significant step in the EB-5 immigration process as it qualifies the investor and their eligible immediate family members for conditional permanent residency in the United States. The approved petition was filed in September 2024 and was pending for approximately 7.5 months.

    Steamboat Springs Marriott Hotels (JF40) is the development of a dual-branded Marriott hotel nestled atop Steamboat Mountain in Steamboat Springs, Colorado. The Project consists of a 103-room upscale SpringHill Suites, and a 77-room extended-stay TownePlace Suites. EB5 Capital raised capital from 37 investors, representing a variety of nationalities, to finance a portion of the capital stack. The project is one of 14 hotel developments in EB5 Capital’s portfolio.

    “We are pleased to have received the first I-526E approval for this project so quickly,” said Molly FitzGerald, Vice President of Investor Communications and Engagement at EB5 Capital. “This milestone underscores our commitment to providing exceptional EB-5 qualifying investment opportunities to investors.”

    To date, EB5 Capital has raised investor funds across over 40 EB-5 projects throughout the United States. JF40 is EB5 Capital’s 33rd project which has reached the conditional green card stage for foreign investors going through the EB-5 immigration process. Now that the first petition has been approved, additional I-526E petition adjudications for this project are expected in the coming months.

    About EB5 Capital

    EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, D.C., EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1.3 billion of foreign capital across approximately 45 EB-5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.

    Contact:
    Katherine Willis
    Director, Marketing & Communications
    media@eb5capital.com

    The MIL Network

  • MIL-OSI United Kingdom: Edinburgh Partnership launches review of longer-term support for the city’s third sector

    Source: Scotland – City of Edinburgh

    The Edinburgh Partnership is conducting a review of how it supports and works with third sector organisations in Edinburgh.

    The review into the relationship between the public sector and third sector in Edinburgh seeks to improve funding certainty in future years. This includes how grant funding and commissioning is delivered, how third sector organisations monitor and report on their work, and what in-kind support is provided.

    Third sector organisations of all types – voluntary, social enterprises and charities – are being asked to share their views through the City of Edinburgh Council’s Consultation Hub survey or by attending a workshop.

    The results will be reported to the Policy and Sustainability Committee in August.

    Council Leader and Chair of the Edinburgh Partnership, Jane Meagher, said:

    The third sector provides vital support to local communities, with many giving direct support to the most vulnerable in our city.  We know that they, like the Council, are under significant financial pressure and that there needs to be longer-term change in how they are supported by us and our partners.

    We want to hear about how we can make it simpler, provide more stability, and work better together to help vulnerable people. You can share your views through the council’s consultation hub webpage, or by attending one of the workshops.

    Workshops run from Monday 19 May until Thursday 5 June. Details are available on the Consultation Hub and booking is required.

    As part of the city’s commitment to help the sector, the council has dedicated £3.5m this year to help organisations impacted by unexpected loss of grant funding or reduced commissioning. Visit the Council’s website for more information about the Third Sector Resilience Fund.

    Published: May 6th 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Extra care housing scheme is laying the foundations for independent living

    Source: City of Leeds

    Construction work is under way on an extra care housing scheme that will open up new independent living opportunities for older people in Leeds.

    Leeds City Council’s Middlecross development in Armley will provide a total of 65 high-quality and energy efficient apartments for affordable rent by people aged over 55 with care and support needs.

    The homes – which are being built for the council by Morgan Sindall Construction – will complement wider efforts to address a serious shortage of extra care housing in the city.

    Part of Leeds’s Council Housing Growth Programme (CHGP), the scheme will also benefit the Armley community by breathing new life into a two-acre brownfield site that has lain empty for several years.

    And, to mark the start of construction, the council’s executive member for housing, Councillor Jess Lennox, paid a visit to the site to meet some of the project team and see the early progress that has been made there.

    Councillor Lennox was joined by representatives from the West Yorkshire Combined Authority, which has contributed £1.3m from its Brownfield Housing Fund towards the cost of the scheme.

    A further £1.3m has been drawn from Leeds’s commuted sums funding stream, which supports affordable housing delivery using pooled financial contributions paid by developers as part of planning agreements.

    The rest of the funding for the project – due for completion in 2027 – has come from the council’s housing service via Right to Buy receipts and borrowing.

    The scheme’s three-storey apartment building has been designed to encourage everyday social interaction as well as independent living, with a restaurant, a hair salon and an open-plan lounge and coffee bar among the communal spaces that will be available to residents.

    Sustainability and energy efficiency were also key design considerations and, as a result, the building will have high levels of ventilation and insulation while benefiting from features such as ground source heat pumps and roof-mounted solar panels.

    The site for the scheme – which sits between Armley Grove Place and Simpson Grove – was occupied by Middlecross Day Centre until its demolition in 2018.

    Councillor Jess Lennox, Leeds City Council’s executive member for housing, said:

    “It’s great news that construction work is now under way on this important scheme, which will help address the well-documented shortage of affordable extra care housing in Leeds.

    “The Middlecross development highlights the impact of our Council Housing Growth Programme and, by extension, our commitment to ensuring that everyone in Leeds can enjoy the stability and security that comes with a safe, warm and good-quality home.

    “I was really pleased to have the opportunity to visit the site in Armley with partners and see first-hand the progress being achieved by the construction team. All those involved should feel proud of the part they are playing in delivering a scheme that will make a positive difference to people’s lives and the community as a whole.”

    Tracy Brabin, Mayor of West Yorkshire, said:

    “Because of devolution, we’ve been able to invest almost £90m to help unlock over 5,000 new homes, including dozens of affordable and sustainable homes in Armley.

    “Working with Leeds City Council, we’re taking decisive action to tackle the housing crisis and deliver the warm, high-quality homes that local families need, with lower rents and energy bills.

    “Everyone is entitled to a safe and secure roof over their head, so we will work with central government to get the whole of West Yorkshire building, with new freedoms and funding to deliver thousands more homes and create a greener, more vibrant region.”

    Ben Hall, Yorkshire area director for Morgan Sindall, said:

    “We are proud to be playing our part in creating high-quality extra care housing, enabling older people to enjoy later life.

    “It was a pleasure to welcome Councillor Lennox and other stakeholders to our work at Middlecross. We’re looking forward to delivering this much-needed new scheme, which was procured via the SCAPE Construction framework. It will bring significant benefits for the Armley community, both through the completed building and our contribution to the local economy during the build programme.”

    The start of work on the Middlecross scheme follows the opening in 2023 of Gascoigne House, a much-praised extra care development in Middleton that also forms part of the CHGP.

    Other locations where CHGP schemes are currently under construction include Hough Top near Pudsey, Brooklands Avenue in Seacroft and the Ambertons area of Gipton.

    More than 350 new homes have been built via the CHGP since 2018. More than 420 homes have also been acquired as part of the programme, with these properties and the new-builds both playing a crucial role in efforts to ease local affordable housing pressures.

    Furthermore, they have – by increasing the number of appropriate properties available to tenants looking to downsize – helped free up some homes that are best suited to larger families.

    ENDS

    MIL OSI United Kingdom

  • MIL-OSI USA: House Republicans are Codifying President Trump’s America First Agenda into Law

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — This morning, at the weekly House Republican Leadership press conference, Speaker Johnson addressed House Republicans’ efforts to codify President Trump’s America First agenda into law, Congressional Democrats refusal to work in any meaningful way for their constituents, and Republicans common sense priorities for budget reconciliation.

    Watch the Speaker’s full remarks here.

    On codifying the Trump agenda:

    We’ve been working around the clock to codify so much of what President Trump has been doing. I think there’s 143 executive orders that have been issued thus far, and we’re working around the clock to make sure that we put these into statutory law so that it can’t be reversed and erased by an upcoming administration. For some reason, the media acts like this effort is somehow a negative thing. It’s not at all. Anybody who says that just fundamentally misunderstands the relationship between Congressional Republicans and President Trump and his administration. We all ran on the same America first agenda: secure the border, cut taxes for working families, revive American energy production, strengthen our standing on the world stage and bring back common sense.

    We already have the formula for prosperity and security, and that’s the thing about President Trump: he’s not an unknown entity, as we’ve all recounted many times. He’s done it once; he’ll do it again. We plan to work together to enshrine the agenda in the law and make sure we have a roaring American economy and stability and security, prosperity, and strength again,. From day one, President Trump has used his executive authority to reverse the devastating policies of the last administration. There was a lot of that to be done, but as the previous administration made it painfully clear, executive orders can be undone and overwritten, and that’s why we have to move it through the legislative process. And we are.

    On Congressional Democrats refusal to work with Republicans:

    House and Senate Republicans are utilizing the budget reconciliation process primarily because leader Schumer in the Senate, Leader Jeffries in the House and their Democrat colleagues, refused to engage in anything, no matter how meritorious, even to improve the lives of their constituents if it means that President Trump will somehow be credited with a win. I mean, it’s really sad, but that’s the fact. They’d rather put on performative stunts and host these activist town halls, and all this other nonsense then just work with us to bring costs down and make communities safer for their constituents. Just think about how the American people feel about these issues.

    When Democrats had a trifecta in 2021, they used the budget reconciliation process, but you know what they did? They used it to “stimulate” the economy. What did that mean? Well, trillions in new spending and tax hikes and the green New Deal giveaways. We can’t do that. It’s not sustainable, so we’re going to reverse it. And guess what happened when they did that? We had runaway inflation, making the cost of living for everyday Americans unbearable. Contrast that with what we’re doing, what Republicans are working on right now, what we are delivering through the committees and soon through the whole house: lower taxes, decreased regulation, safer streets, keeping more of your money that you earn in your own pocket. We’ll take that to the people every single day, and they’ll be for us. And as the house works to finish budget reconciliation over the next few weeks, we’ll continue to shine a light on the Do- Nothing Democrats who would rather oppose President Trump’s popular agenda than work for the needs of their own constituents.

    On the commonsense provisions included in budget reconciliation:

    Consider this, secure the border, right? Securing the border is an 80/20 issue in America. Deporting illegal aliens? More than 50% of American people believe that every single illegal alien should be deported… But despite those numbers, the Democrats are taking trips to Central America to bring back violent illegal aliens back to the country. It’s madness. Strengthening Medicaid for Americans who need it by eliminating things like fraud, waste and abuse, which is a huge problem in the program, including removing illegal aliens. If you add all that together, 66% of the American people think that that’s a very important idea. We need to improve, shore up and strengthen the program so that it can be there for the people who desperately need and deserve it. And Democrats, what do they do? Lying about what we’re doing with Medicaid, so much so that we’ve gotten them to pull down their advertising because they were literally breaking the law. We sent cease and desist letters and they had to take it down.

    Cutting taxes for working families and small businesses, what American doesn’t want to pay fewer taxes to the government? There may be a few, but I haven’t found them, especially on matters like the overtime, tipped wages and Social Security. Big promises for the President, and we’re going to deliver that. But it turns out congressional Democrats apparently want Americans to pay more. They’re adamantly against all those things I just named. They’re against keeping taxes low. And when they oppose the reconciliation bill, when they oppose the solution to this, to extend the tax cuts, they are actually advocating for the largest tax increase in US history, end of sentence.

    ###

    MIL OSI USA News

  • MIL-OSI: LoCorr Investment Models Now Available on Private Advisor Group’s WealthSuite Platform

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, May 06, 2025 (GLOBE NEWSWIRE) — LoCorr Funds, a leader in low-correlating alternative investments, is pleased to announce the development of three alternative investment models for Private Advisor Group’s WealthSuite platform. The models, which went live on May 1, 2025, blend active and passive mutual funds and ETFs from LoCorr and other third-party asset managers to create alternative investment portfolios tailored to three investment objectives—growth, income, and capital preservation.

    LoCorr was selected to build models for the WealthSuite platform because of the firm’s singular and long-term focus on low-correlating alternative investments, which move independently of traditional investments. In addition, LoCorr has deep expertise in blending strategies with low correlation to each other to improve a portfolio’s overall risk/return profile.

    “We are excited to join Private Advisor Group to offer their advisors access to carefully constructed models that have historically low beta to traditional assets, providing a diversified return stream to portfolios,” said Kevin Kinzie, CEO of LoCorr Funds. “The launch of these models comes at a time of heightened volatility and uncertainty in the markets, where many advisors are seeking differentiated sources of alpha.”

    The three models include Alternatives Growth, which seeks to provide risk mitigation with potential upside; Alternatives Income, which aims to provide risk mitigation with income; and Alternatives Preservation, which strives to provide risk mitigation with a focus on capital preservation.

    “The goal of these models is to help diversify portfolios by improving risk-adjusted returns, mitigating drawdowns, and smoothing performance for investors, thus providing a complement to existing stock and bond portfolios,” said Sean Katof, CFA, Chief Investment Officer of LoCorr Funds. “These models add resilience to portfolios, making them better equipped to navigate a wider range of market conditions.”

    The alternative investment models are intended to be strategic positions in the asset allocation process.

    About LoCorr Funds
    LoCorr Funds is a leading provider of low-correlating investment strategies, founded on the belief that non-traditional investment strategies with low correlation to stocks and bonds can reduce risk and help increase portfolio returns. LoCorr offers investment solutions that not only provide the potential for positive returns in rising or falling markets but also help to achieve diversification in investment portfolios. LoCorr Funds is headquartered in Excelsior, MN. For more information, please visit www.LoCorrFunds.com or call 1.888.628.2887.

    WealthSuite Model Portfolios are made available to Private Advisor Group (“PAG”) on a non-discretionary basis by LoCorr Funds. Information about the Models may be provided by representatives of LoCorr.

    LoCorr WealthSuite Model Portfolios are designed to achieve the agreed upon PAG objective(s). The LoCorr WealthSuite Model Portfolios use a systematic approach in conjunction with a quantitative and qualitative methodology for selecting mutual funds or ETFs based on the parameters PAG places on the composition of such custom models. The methodology considers the research provided by LoCorr’s research team. LoCorr uses a systematic approach to combine a set of investment options whose overall risk characteristics, when viewed as a portfolio, are designed to meet PAG’s objectives, which can be subject to change. PAG is responsible for providing review and approval of the WealthSuite Model Portfolios constructed by LoCorr.

    LoCorr is not acting as a fiduciary or in any advisory capacity in providing this information. The information is designed to be utilized by you solely as a resource, along with other potential sources, in providing advisory services to your clients. You are solely responsible for determining whether the Models, the investment products included in the Models, and the share class of those products, are appropriate and suitable for you to base a recommendation or provide advice to any retail investor about the potential use of the Models.

    Information and other marketing materials concerning the Models may not be indicative of any client’s actual experience from investing in one or more of the investment products included in the Models. The Models’ allocations and data are subject to change.

    As applicable, inclusion of the mutual funds and ETFs in the WealthSuite Model Portfolios will result in the payment of fees to the mutual funds and ETFs in the Models, as provided for in the relevant prospectus to each such investment product, including to LoCorr for LoCorr managed funds. As a result, there are certain conflicts of interest that are inherent in the design and operation of the model portfolios because, to the extent consistent with the investment objective of any particular model, LoCorr will allocate assets among Underlying Funds. The fees received from investment in the included LoCorr mutual funds will be retained by LoCorr.

    The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1.855.LCFUNDS, or visiting www.LoCorrFunds.com. Read it carefully before investing.

    Mutual fund investing involves risk. Principal loss is possible. The Funds invest in foreign investments which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investing in commodities may subject the Funds to greater risks and volatility as commodity prices may be influenced by a variety of factors including unfavorable weather, environmental factors, and changes in government regulations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed, Mortgage-Backed, and Collateralized Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Funds may access derivatives via a swap agreement. A risk of a swap agreement is the risk that the counterparty to the agreement will default on its obligation to pay the Funds. The Funds will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Funds. The Fund’s portfolio will be significantly impacted by the performance of the real estate market generally, and the Fund may be exposed to greater risk and experience higher volatility than would a more economically diversified portfolio. Small and mid-sized companies may have limited product lines, markets or financial resources, and they may be dependent on a limited management group. There is no assurance that any hedging strategies utilized by the Fund will successfully provide a hedge to the portfolio’s holdings which could negatively impact Fund performance.

    Diversification does not assure a profit nor protect against loss in a declining market. Correlation measures how much the returns of two investments move together over time. Past performance is not necessarily indicative of future results.

    The LoCorr Funds are distributed by Quasar Distributors, LLC. © 2025 LoCorr Funds

    The MIL Network

  • MIL-OSI: CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF ¥105,500,000,000 Japanese Yen Callable Senior Non-Preferred Bonds issued on June 4, 2020 (ISIN: JP525022AL60)

    Source: GlobeNewswire (MIL-OSI)

                                                     Montrouge, May 6, 2025

    CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF

    ¥105,500,000,000 Japanese Yen Callable Senior Non-Preferred Bonds

    issued on June 4, 2020 (ISIN: JP525022AL60)*

    Crédit Agricole S.A. (the “Issuer”) announces today the redemption (the “Redemption”) with effect on June 4, 2025 (the “Redemption Date”) of all of its outstanding ¥105,500,000,000 Japanese Yen Callable Senior Non-Preferred Bonds – issued on June 4, 2020 (ISIN: JP525022AL60) (the “Bonds”) pursuant to Condition 7 (4) (Redemption at the option of the Issuer) of the Conditions of the Bonds (the “Conditions of the Bonds”), at a price equal to 100% of the principal amount together with interest accrued to and including the date fixed for redemption (the “Redemption Amount”).

    On the Redemption Date, the Redemption Amount shall become due and payable and, in accordance with Condition 6 (3) of the Conditions of the Bonds, unless the Redemption Amount is improperly withheld or refused, each Bond shall cease to bear interest on the Redemption Date.

    The holders of the Bonds will receive formal notice of the Redemption in accordance with the Conditions of the Bonds.

    For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance.

    DISCLAIMER

    This press release does not constitute an offer to buy or the solicitation of an offer to sell the Bonds in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions

    No communication or information relating to the redemption of the Bonds may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Bonds may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole S.A. accepts no liability in connection with a breach by any person of such restrictions.

    This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Bonds in connection with the redemption of the Bonds is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Bonds for the purposes of the Prospectus Regulation.

    This press release does not, and shall not, in any circumstances, constitute an offer to the public of Bonds by Crédit Agricole S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.

    * The ISIN number is included solely for the convenience of the holders of the Bonds. No representation is being made as to the correctness or accuracy of the ISIN number either as printed on the Bonds or as contained herein and the holder may rely only on the identification numbers printed on its Bond.

    モンルージュ、2025年5月6日

    クレディ・アグリコル・エス・エー

    7回期限前償還条項付非上位円貨社債(2020

    202064日発行、1,055億円(ISIN: JP525022AL60*)の

    期限前償還を公表

    クレディ・アグリコル・エス・エー(「発行会社」)は、2020年6月4日に発行したクレディ・アグリコル・エス・エー第7回期限前償還条項付非上位円貨社債(2020)(ISIN: JP525022AL60)(「本社債」)の1,055億円全額について、本社債の要項(「社債要項」)第7項(4)(発行会社による任意償還)に基づき、2025年6月4日付(「償還期日」)で、本社債の金額の100%に償還期日(その日を含む。)までの経過利息を付して(「償還金額」)期限前償還(「本償還」)することを本日公表いたしました。

    償還期日に償還金額の支払期限が到来し、社債要項第6項(3)に基づき、償還金額の不当な留保又は拒絶がなされない限り、償還期日をもって各本社債にかかる利息の付与が停止されます。

    本社債の所持人は、社債要項に従い、本償還に関する正式な通知を受ける予定です。

    クレディ・アグリコル・エス・エーの詳細については、クレディ・アグリコル・エス・エーのWebサイト(https://www.credit-agricole.com/en/finance)をご参照ください。

    免責事項

    本プレスリリースは、米国、カナダ、オーストラリア、日本またはその他の法域において、本社債の購入の申込みまたは売却の申込みの勧誘を構成するものではありません。一定の法域においては、本プレスリリースの配布が法律によって制約される場合があります。本プレスリリースを入手した者には、かかる制約について自ら調査し、遵守することが要求されます。

    登録義務または承認が要求される国においては、本社債の償還に関するコミュニケーションまたは情報を公に配布してはなりません。かかる措置が要求される国において、いかなる措置も講じられておらず、または講じられる予定もありません。本社債の償還は、一定の法域において、特定の法律および規制上の制約を受ける可能性があります。クレディ・アグリコル・エス・エーは、かかる制約に対するいかなる者の違反についても、一切責任を負いません。

    本プレスリリースは広告にすぎず、本プレスリリース、または本社債の償還に関連し本社債の債権者に対し公表および/もしくは交付された、または公表および/もしくは交付される通知その他の文書または資料は、2017614日付欧州議会および理事会の規則(EU)第2017/1129号(その後の改正を含み、以下「目論見書規則」)上の目論見書ではなく、かかる目論見書を意図したものでもありません。目論見書規則の適用上、本社債の償還に関して目論見書は発行されません。

    本プレスリリースは、いかなる場合においても、クレディ・アグリコル・エス・エーによる本社債の公募を構成するものではなく、またフランスを含むいかなる法域における申込みに関連しても、勧誘を構成するものではありません。

    * ISIN番号は、本社債の債権者の便宜のためにのみ付されたものです。本社債に印刷されたまたは本プレスリリースに記載されたISIN番号の正しさまたは正確性を表明するものではなく、債権者は、本社債に印刷された識別番号にのみ依拠することができます。

    CRÉDIT AGRICOLE S.A. PRESS CONTACT

    Alexandre Barat                             + 33 1 57 72 12 19                                      alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain                               + 33 1 43 23 25 41                                      olivier.tassain@credit-agricole-sa.fr

    Find our press release on: www.credit-agricole.comwww.creditagricole.info

      Crédit_Agricole   Groupe Crédit Agricole   créditagricole_sa

    Attachment

    The MIL Network

  • MIL-OSI: CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF ¥5,800,000,000 Japanese Yen Callable Subordinated Bonds issued on June 4, 2020 (ISIN: JP525022CL68)

    Source: GlobeNewswire (MIL-OSI)

                                                     Montrouge, May 6, 2025

    CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF

    ¥5,800,000,000 Japanese Yen Callable Subordinated Bonds

    issued on June 4, 2020 (ISIN: JP525022CL68)*

    Crédit Agricole S.A. (the “Issuer”) announces today the redemption (the “Redemption”) with effect on June 4, 2025 (the “Redemption Date”) of all of its outstanding ¥5,800,000,000 Japanese Yen Callable Subordinated  Bonds – issued on June 4, 2020 (ISIN: JP525022CL68) (the “Bonds”) pursuant to Condition 7 (5) (Redemption at the option of the Issuer) of the Conditions of the Bonds (the “Conditions of the Bonds”), at a price equal to 100% of the principal amount together with interest accrued to and including the date fixed for redemption (the “Redemption Amount”).

    On the Redemption Date, the Redemption Amount shall become due and payable and, in accordance with Condition 6 (3) of the Conditions of the Bonds, unless the Redemption Amount is improperly withheld or refused, each Bond shall cease to bear interest on the Redemption Date.

    The holders of the Bonds will receive formal notice of the Redemption in accordance with the Conditions of the Bonds.

    For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance.

    DISCLAIMER

    This press release does not constitute an offer to buy or the solicitation of an offer to sell the Bonds in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions

    No communication or information relating to the redemption of the Bonds may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Bonds may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole S.A. accepts no liability in connection with a breach by any person of such restrictions.

    This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Bonds in connection with the redemption of the Bonds is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Bonds for the purposes of the Prospectus Regulation.

    This press release does not, and shall not, in any circumstances, constitute an offer to the public of Bonds by Crédit Agricole S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.

    * The ISIN number is included solely for the convenience of the holders of the Bonds. No representation is being made as to the correctness or accuracy of the ISIN number either as printed on the Bonds or as contained herein and the holder may rely only on the identification numbers printed on its Bond.

    モンルージュ、2025年5月6日

    クレディ・アグリコル・エス・エー

    7回期限前償還条項付円貨社債(劣後特約付)(2020

    202064日発行、58億円(ISIN: JP525022CL68*)の

    期限前償還を公表

    クレディ・アグリコル・エス・エー(「発行会社」)は、2020年6月4日に発行したクレディ・アグリコル・エス・エー第7回期限前償還条項付円貨社債(劣後特約付)(2020)(ISIN: JP525022CL68)(「本社債」)の58億円全額について、本社債の要項(「社債要項」)第7項(5)(発行会社による任意償還)に基づき、2025年6月4日付(「償還期日」)で、本社債の金額の100%に償還期日(その日を含む。)までの経過利息を付して(「償還金額」)期限前償還(「本償還」)することを本日公表いたしました。

    償還期日に償還金額の支払期限が到来し、社債要項第6項(3)に基づき、償還金額の不当な留保又は拒絶がなされない限り、償還期日をもって各本社債にかかる利息の付与が停止されます。

    本社債の所持人は、社債要項に従い、本償還に関する正式な通知を受ける予定です。

    クレディ・アグリコル・エス・エーの詳細については、クレディ・アグリコル・エス・エーのWebサイト(https://www.credit-agricole.com/en/finance)をご参照ください。

    免責事項

    本プレスリリースは、米国、カナダ、オーストラリア、日本またはその他の法域において、本社債の購入の申込みまたは売却の申込みの勧誘を構成するものではありません。一定の法域においては、本プレスリリースの配布が法律によって制約される場合があります。本プレスリリースを入手した者には、かかる制約について自ら調査し、遵守することが要求されます。

    登録義務または承認が要求される国においては、本社債の償還に関するコミュニケーションまたは情報を公に配布してはなりません。かかる措置が要求される国において、いかなる措置も講じられておらず、または講じられる予定もありません。本社債の償還は、一定の法域において、特定の法律および規制上の制約を受ける可能性があります。クレディ・アグリコル・エス・エーは、かかる制約に対するいかなる者の違反についても、一切責任を負いません。

    本プレスリリースは広告にすぎず、本プレスリリース、または本社債の償還に関連し本社債の債権者に対し公表および/もしくは交付された、または公表および/もしくは交付される通知その他の文書または資料は、2017614日付欧州議会および理事会の規則(EU)第2017/1129号(その後の改正を含み、以下「目論見書規則」)上の目論見書ではなく、かかる目論見書を意図したものでもありません。目論見書規則の適用上、本社債の償還に関して目論見書は発行されません。

    本プレスリリースは、いかなる場合においても、クレディ・アグリコル・エス・エーによる本社債の公募を構成するものではなく、またフランスを含むいかなる法域における申込みに関連しても、勧誘を構成するものではありません。

    * ISIN番号は、本社債の債権者の便宜のためにのみ付されたものです。本社債に印刷されたまたは本プレスリリースに記載されたISIN番号の正しさまたは正確性を表明するものではなく、債権者は、本社債に印刷された識別番号にのみ依拠することができます。

    CRÉDIT AGRICOLE S.A. PRESS CONTACT

    Alexandre Barat                             + 33 1 57 72 12 19                                      alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain                               + 33 1 43 23 25 41                                      olivier.tassain@credit-agricole-sa.fr

    Find our press release on: www.credit-agricole.comwww.creditagricole.info

      Crédit_Agricole   Groupe Crédit Agricole   créditagricole_sa

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: John Swinney’s Programme for Government speech

    Source: Scottish National Party

    Presiding Officer,

    Tomorrow will mark one year since I was honoured to be elected as the First Minister of this country that I love.

    I spoke then of my ambition to create a vibrant economy in every part of our country, my determination to tackle the challenges faced by our beloved National Health Service, and my hope that we can come together as a Parliament, and as a country, to focus on solutions rather than allowing our disagreements to dominate.

    Over the past year, amidst real challenges, amidst deep uncertainty on the global stage, progress has been made. In ways big and small, a corner is being turned. This is a government that is working hard and determined to get Scotland on track for success.

    That progress has been evident in the way we do our business here in our Parliament. The fact that four parties were able to come together, to negotiate in good faith, and pass a budget that delivers record funding for our National Health Service, is testament to what is possible.

    Today’s Programme for Government is presented in that same spirit. It contains many of the fruits of our budget process – with elements within it that are there only because of the co-operation of other parties.

    But this is also a programme by an SNP government, a government that cares deeply about Scotland, a government that has total confidence in Scotland’s ability to rise to any challenge and to weather any storm.

    Presiding Officer, before I turn to those elements that are in the Programme for Government, I want to talk about some measures that are not included.

    With a year to go until the end of this parliament, there are clearly, limits on the amount of legislation we can present. This government – and I personally – remain entirely committed to tackling misogynistic abuse against women. Regrettably I do not believe there is sufficient parliamentary time to make progress through a standalone Bill which I would plan to bring forward at the start of the next Parliament. We will however take the action we can in this Parliament by adding sex as a protected characteristic to existing hate crimes legislation to protect women and girls and by taking further steps in our policy, to tackle unacceptable abuse of women and girls in our society.

    Conversion Practices that seek to change or suppress a person’s sexual orientation or gender identity are harmful and abusive. Over this coming year, we will seek to work with the United Kingdom government to deliver a legislative ban across England, Wales and Scotland. But if agreement is not possible, we will publish legislation in the first year of the next parliamentary term. Members of the LGBTQI+ community should have no doubt that we will work with them to protect and to defend their rights.

    Times are tough, presiding oofficer and times are changing, in ways that I know bring real anxiety to our citizens, real fear to many in our business community. But my promise to the people of Scotland is that amidst the uncertainty there is one thing they can be sure of: this is a government that will always seek to do what is best for Scotland. As First Minister, I will always put the needs and interests, the hopes and dreams of the people of Scotland first.

    When I became First Minister a year ago, I heard loud and clear people’s concerns about the health of Scotland’s NHS.

    They would tell me about their many positive experiences of high-quality care from the dedicated staff in the NHS, experiences of treatment and care that are, invariably, world class. But they also spoke of difficulties accessing that care. Waiting times that were unacceptable, adding to anxiety. Systems that they felt did not put patients first.

    Presiding officer, there are many issues that compete on a daily basis for the attention of a First Minister, but what could be more important than our National Health Service?

    So I am proud that the £30 million that we committed has not just delivered the 64,000 additional NHS appointments and procedures between April 2024 and the end of January 2025 that we promised, but over 40,000 more than planned. An extra 105,000 vital, additional appointments and procedures that are helping to reduce waiting lists and waiting times. We have met the children and adolescents’ mental health waiting time standards, with over 90 per cent now seen within 18 weeks of their referral.

    More cancer patients are now treated faster. Compared with a decade ago, 16 per cent more patients receive care within the 31-day standard and 11 per cent more within the 62-day standard.

    Statistics, yes, but behind each one a person who has received the sort of reliable and effective care from the National Health Service that they deserve.

    Progress, yes, but with a very clear understanding that there is more, much more to do.

    And that is why a renewed and stronger NHS is at the very heart of this Programme for Government.

    Getting our NHS on track is about reform that is fundamentally patient-centred, it is about investment, and it’s about increasing productivity and capacity.

    This approach makes it possible for us to deliver more than 150,000 extra appointments and procedures in 2025-26.  

    The additional investment secured through the Scottish budget will enable us to expand specialist regional centres; technology will mean more efficient use of operating theatres. The result, a 50 per cent increase in the number of surgical procedures we can deliver compared with last year. 

    There will be a renewed focus on cancer diagnosis and treatment, targeted investment so that health boards can clear backlogs and substantially improve waiting times.

    Presiding officer, I could spend the whole statement just talking about the steps we are taking to access the National Health Service, but before moving on, I will highlight one other area that I know is of particular concern for many people.  

    While many people’s experience of their GP is excellent, for many others there is deep frustration over the difficulty making appointments and what has been described as the 8am lottery.

    This is of central importance to me. That is why we are acting to reduce pressure and increase capacity in the system, so that it is easier for people to get the care that they need, when they need it.

    That includes in the year ahead a further expansion of Pharmacy First services – with pharmacies being the right first port of call for many ailments.  

    But it also means the delivery of an extra 100,000 appointments in GP surgeries focused on key risk factors such as high blood pressure, high cholesterol, obesity and smoking.  

    This year, primary care, including GPs, is receiving a bigger share of new NHS funding, and we are committed to not only increasing GP numbers but protecting Scotland’s advantage which means substantially more GPs per head in Scotland compared to elsewhere in the United Kingdom.

    Presiding officer, members across the chamber will know that, alongside the NHS, our constituents are also deeply exercised by the ongoing cost-of-living crisis. We have experienced a decade and more of financial insecurity, higher prices and squeezed real incomes. Life feels substantially tougher for very many of those that we serve.

    The economy means jobs, growth and investment, and I will talk about all of these elements.  

    But above all, the economy is about people’s quality of life, it is about their own household budget, their ability to pay the bills.  

    This Scottish government will always do what it can to deliver the best deal for the people of Scotland. In concrete terms that means a commitment to keep Council Tax bills – already over 30 per cent lower on average in Scotland than in England – substantially lower than elsewhere in the UK.

    Water bills – already 20 per cent lower than in England – will remain lower, as will income tax for the majority of workers in Scotland.  

    Prescriptions will continue to be free here in Scotland.

    Eye appointments, free. 

    Bus travel for young, disabled and older people in Scotland – free.  

    Scotland will continue to pay no tuition fees.   

    Parents will continue to benefit from a package of early learning and childcare worth more than £6000 for every eligible child.  

    Free school meals, which save the average family £400 per child per year, will be expanded, and more breakfast clubs introduced.  

    Together, this is my cost-of-living guarantee. A package that year on year delivers savings for the people of Scotland, a package that exists nowhere else in the United Kingdom.  

    And, Presiding Officer, it is a package of cost-of-living support that we are always looking to enhance where we can.  

    That is why we took the decision in the budget to restore a winter fuel payment for Scottish pensioners, with the poorest receiving the most. Those payments will be made this year.   

    And it is why we are committed to doing even more.

    Last year, in the face of severe budget pressures, we took the difficult decision to end the peak fares pilot on our railways.

    But now, given the work that we have done to get Scotland’s finances in a stronger position, and hearing also the calls from commuters, from climate activists and from the business community, I can confirm that, from the 1st of September this year, peak rail fares in Scotland will be scrapped for good.  

    A decision that will put more money in people’s pockets and mean less CO2 is pumped into our skies.   

    Once again, tens of thousands of Scots saving money.  

    Once again, a better deal for people because they live in Scotland.  

    Better for Scots because there is a government that always strives for what is best for Scotland.  

    Alongside the cost-of-living pressures – the consequence of a series of body blows from austerity and Brexit to the spike in inflation and energy costs that followed Russia’s 2022 invasion of Ukraine – new threats are emerging that have the potential to cause extensive damage to the Scottish economy.  

    Tariffs will impact directly on many Scottish exporters to the United States, while a US recession and a global trade war, will have effects direct and indirect on almost every sector of our economy. 

    Presiding officer, this Programme for Government has been published earlier than usual, in part because it allows a clear year of delivery on the NHS and other public services, delivery in those areas that matter in the day-to-day lives of our citizens. But it is also being published now because of the scale of the looming economic challenge that we face.   

    For the sake of Scottish jobs, for the sake of protecting people’s quality of life, we are taking new steps, accelerating action, to ensure Scotland’s economy is better placed to ride the economic storms.  

    Members will see the detailed and extensive section on the economy in the Programme for Government document, with action on planning reform, skills, housing investment, support for our rural economy including our vital food and drink sector, promotion of Scotland the brand and more. But I want to highlight three particular initiatives designed to respond directly and specifically to the challenges we now face.  

    First, working with Scottish Development International across their 34 international offices, we will deliver a new 6-point Export Plan, to enable Scottish exporters to diversify and to grow markets. This includes:  

    • more support for SME’s to participate in trade missions in both established and emerging markets; 
    • additional grant funding to help companies unlock specific, targeted international growth; and, 
    • bespoke support in key sectors – technology, life sciences, renewables and hydrogen – to maximise international opportunities.

    Second, to enable emerging Scottish companies to grow, we will create a new Proof of Concept fund, with a focus on supporting the commercialisation of research projects with significant economic potential. We will deliver an improved Ecosystem fund to further enhance Scotland’s already effective start-up environment, including action to transform the number of women who start and scale up businesses.

    We must not forget, even amidst the gathering clouds, that Scotland is an innovative nation, and that opportunities exist which can deliver real and significant benefits now and in the future. This government will prepare for the challenges but we also seek to position Scotland to make the most of the many and significant economic opportunities that still exist.   

    Third, we will deepen our commitment to a just transition and an industrial future for Scotland. As members will be aware, the Deputy First Minister is actively engaging with potential investors to ensure a green industrial future for the Grangemouth site. A key element in the success of this work is the development of carbon capture in Scotland, which is why it is now vital that the UK government provides support not only to carbon capture projects in England, but also to the Acorn project in Scotland’s northeast.

    The Scottish Government has previously committed up to £80 million to make this happen if the UK Government, in turn, made the commitments necessary for the project to progress. Given the importance of this project for the Scottish economy, given its place at the very heart of the green reindustrialisation that is my ambition, and I trust the ambition of all parties in this chamber, my government is now willing, as part of a wider package of investment in industrial transformation, to remove that cap and increase the amount of Scottish funding that is available to make Acorn a reality should the project be given the go ahead by the United Kingdom Government. 

    I know that many in this chamber share my concern that Scotland is little more than an afterthought to a UK government that is willing to invest in a supercomputer in the southeast of England, weeks after cancelling the supercomputer for Edinburgh. A UK government that moved heaven and earth to save Scunthorpe but will not do the same for Grangemouth. Perhaps with swift action from the UK Government to support Acorn, which in turn will help us deliver the future that Grangemouth deserves, the Prime Minister will do the right thing by Grangemouth.

    Presiding officer, working to deliver a stronger NHS, giving the people of Scotland the best cost-of-living support of any part of the UK, and action to protect Scotland’s economy and maximise our economic potential in the face of global challenges, this is a government with what is best for Scotland at its heart.  

    Since becoming First Minister last year, I have sought to focus government efforts on four central priorities.   

    We seek a wealthier Scotland, higher standards of living for the people of Scotland, with action to grow Scotland’s economy.

    A fairer Scotland, with Scotland’s growing wealth shared more fairly so that we can remove the scourge of child poverty in our land.  

    A greener Scotland, with action to maximize the benefits felt by the people of Scotland from our renewable energy wealth, benefits in terms of lower bills and well-paid jobs, and action to reduce emissions and protect and restore our stunning natural environment.  

    And we seek public services that meet, and indeed exceed, the expectations of the people of Scotland. Have no doubt, many already do. But where action is needed to reform and renew, this government will take it.   

    Progress for Scotland underpins each of our priorities and is at the heart of everything we will do.   

    I want a Scotland that we can be proud of, a Scotland that is the best it can possibly be. 

    That ambition is what gets me up every single morning.  

    And, at the very heart of that, is the eradication of child poverty. 

    Last year, when I presented my Programme for Government, I referred to the eradication of child poverty as the moral compass of my government.  It remains so. It will until there is no single child left in poverty in Scotland.   

    It is also, I said, the greatest investment in our country’s future that we can possibly make. 

    And in these times of cost-of-living pressures, that investment becomes ever more important, for these things disproportionately hurt our society’s poorest.   

    That is why, over the course of this Parliament, we increased the Scottish Child Payment from the original proposal that was put to us of a £5 payment to £27.15 and created a broader package of family payments which can be worth roughly £25,000 by age 16.  

    Our policies are making a difference. On average, the lowest income households with children are estimated to be £2,600 a year better off this year as result of Scottish Government policies. By 2029-30 it is expected to grow to an average of £3,700.

    The proportion of children living in relative poverty has reached its lowest level since 2014-15, and Scotland is making deeper, quicker progress here than in the rest of the UK.

    And while the Joseph Rowntree Foundation predicts child poverty will rise in other parts of the UK by 2029, policies such as our Scottish Child Payment, and our commitment to end the cruel two-child limit, “are behind Scotland bucking the trend”.

    But if we want to truly eradicate child poverty in Scotland, we must go further, and I recognise that. We are taking the steps to lift the two-child limit and remain on track to deliver this measure to lift more children out of poverty next April.

    It is also about making sure that public services are more joined up in their response, more family- and person-centred, so that vulnerable families receive the focused help they need rather than simply the help that is available.  

    And, in the coming year, we will consult on, develop, and publish a Tackling Child Poverty Delivery Plan for 2026-31 – outlining the actions we will take with our partners for low-income families across Scotland to keep us on the journey to meet our poverty reduction targets for 2030. I can assure members that this will focus on reducing household costs, boosting incomes through social security, and helping more people into fair and sustainable jobs. All of which play a central part in tackling not only the symptoms but the root causes of poverty in our society.  

    Presiding officer,  

    There is always much more that we are doing than can be mentioned in a short parliamentary statement. 

    I would encourage members, and their constituents, to read the Programme for Government with care.  

    They will see our ongoing commitment to achieving net zero by 2045. Action to maximize the environmental and economic benefits from our vast renewable energy wealth. Steps to decarbonise heating and further decarbonise our transport network.  

    To give just one example, I am proud that we have achieved our target of installing 6,000 public charge points for electric vehicles – 2 years ahead of schedule. But more is needed, which is why, in the year ahead, we will introduce a new rural and island EV infrastructure grant, supporting our commitment to approximately 24,000 additional public electric vehicle charge points by 2030.  

    They will notice the priority we are giving to the ABCs of education, with action in partnership with local government, parents, carers, pupils and schools, to raise attainment and address problems of attendance, to tackle head on behavioural challenges in our classrooms and reform the curriculum so that young Scots are fully equipped to meet the challenges and seize the opportunities of this new age.  

    There is action to help regenerate our town centres.  

    Investment in thousands of new homes.  

    Record funding for the culture sector.  

    New protections for renters.  

    Expansion of dental provision.  

    A focus on additional support needs in our schools and much, much more.  

    Presiding officer, it is a Programme for Government, but also a programme for a better Scotland.   

    A programme for a stronger NHS, for a more resilient Scotland, for a wealthier Scotland.  

    Centred on delivery, providing hope, it is a programme that seeks what is best for Scotland, a Programme for Government that gets our nation on track for success. 

    MIL OSI United Kingdom

  • MIL-OSI Canada: New water-monitoring program could save 1.5 billion litres a year

    Source: Government of Canada regional news

    Homeowners and businesses in rural British Columbia will soon benefit from new water meters that will help small communities save water and increase resiliency during droughts, while lowering costs for people who use less water.

    “Drinking water is an incredibly precious resource,” said Brittny Anderson, Minister of State for Local Governments and Rural Communities. “Small and rural communities in B.C. face higher financial and management capacity challenges, and water metering helps communities identify leaks, conserve drinking water, and keep costs down for businesses and residents.”

    Nineteen small, rural and First Nations communities will benefit from nearly 15,000 new automated water meters that will be installed. Provincial funding will cover up to 100% of eligible costs. By helping communities have a better understanding of the amount of water that is used, this $50-million provincial investment could help save up to 1.5 billion litres of water each year. This is the equivalent of a day’s worth of drinking water for 750 million people, 37.5 million showers or washing 30 million loads of laundry.

    The meters are part of a pilot program to help small communities and local water suppliers track and manage water use and mitigate the impact of drought, while giving people confidence that they are only paying for what they use. Once installed, the meters can help reduce water use by up to 30%. That means more water stays in rivers and lakes to support fish and ecosystems, with less money spent on building new water systems.

    “People in small and rural communities deserve reliable, affordable water services,” said Randene Neill, Minister of Water, Land and Resource Stewardship. “By installing these new water meters, we’re helping communities track their water use, save money and prepare for dry seasons. This is about building stronger, more resilient communities in British Columbia.”

    Water meters help keep more water in the system by providing people with an incentive to use less and identifying where leaks happen. This means lower water bills, fewer costly upgrades to water systems, and more water available during emergencies, such as wildfires. It also reduces pressure on wastewater systems and saves energy used for treating and moving water.

    “This investment will give families and businesses peace of mind knowing they are only paying for the water that they use,” said Ravi Kahlon, Minister of Housing and Municipal Affairs. “It will also help communities and First Nations save clean drinking water and cut down on unnecessary maintenance. A win-win for people and the planet.”

    The program also includes research that will study the benefits and investigate challenges and opportunities associated with water metering in small communities. The Province will ensure that lessons learned from this program will be made available to all water suppliers in B.C. to help them make decisions to use water more efficiently.

    Quotes:

    Steve Morrisette, parliamentary secretary for rural development –

    “This project is a big win for families and local businesses. It helps ensure British Columbians only pay for the water they actually use, while also protecting our water sources for future generations. With all levels of government working together, it’s making a real difference where it’s needed most.”

    Regional Chief Terry Teegee, BC Assembly of First Nations, on behalf of the First Nations Leadership Council –

    “This is a much-needed and welcomed initiative for First Nations in rural and remote communities who continue to grapple disproportionately with the rippling effects of the climate crisis, and who also face water scarcity in their territories. With increasingly frequent droughts occurring throughout B.C., continued and sustained investments from the Province is vital to support First Nations with watershed security through data collection, monitoring and management.”

    Mark Pendergraft, chair, Regional District of Okanagan-Similkameen (RDOS) –

    “The Regional District of Okanagan-Similkameen is pleased to participate in this important universal metering pilot program. This project will give the RDOS the opportunity to improve watershed management and improve the sustainability of local water systems going forward.”

    Zoe Grams, executive director, Climate Caucus –

    “Water metering is a proven tool to protect such an essential resource, but such infrastructure is often significantly challenging for local governments to implement. We celebrate the Province’s efforts to ensure more municipalities can conserve the water they need — especially as we face increasing drought.”

    Coree Tull, chair, BC Watershed Security Coalition –

    “This program is a crucial step in helping B.C. communities address the growing challenge of water insecurity and catch up with regions that already have water metering in place. As demand surges for housing, food, and economic growth, water metering is no longer optional — it’s essential infrastructure that enables conservation and supports smart, data-driven community water management.”

    Tim Morris, director, BC Water Legacy –

    “As B.C. grapples with increasing water scarcity and drought, water metering for residential and business users has become a necessity for good water management and to ensure the water security of local communities and economies. The Province’s new water-metering program is an important step that will improve watershed management for communities across B.C., help conserve precious drinking water supplies, and strengthen local drought planning and decision-making.”

    Learn More:

    For more information on communites that will receive funding for water meters, visit: https://news.gov.bc.ca/files/BG_WaterMeterPilot.pdf

    MIL OSI Canada News

  • MIL-OSI USA: 53 Affordable and Supportive Homes in Rochester Completed

    Source: US State of New York

    overnor Kathy  Hochul  today announced the completion of 53 new homes throughout Rochester’s Beechwood neighborhood as part of a $27 million scattered Site redevelopment along Federal Street that transformed obsolete Rochester Housing Authority properties into affordable, supportive homes for families and individuals struggling with homelessness. In the past five years, New York State Homes and Community Renewal has financed more than 6,800 affordable homes in Monroe County. The Federal Street redevelopment project continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “Creating and preserving public housing opportunities in Rochester is vitally important for families today and in the future,” Governor Hochul said. “The work completed in the Beechwood neighborhood demonstrates my dedication to New Yorkers and ensuring communities across the state have access to affordable, energy-efficient homes in safe neighborhoods.”

    The Federal Street Scattered Site initiative furthers the community revitalization goals articulated in Rochester’s 2034 Comprehensive Plan and was developed in collaboration with the Beechwood Neighborhood Association.

    Construction included the demolition of eight blighted structures located at the Rochester Housing Authority’s Federal Street property that were replaced by two multi-family buildings and a single-family home, creating a total of 18 homes. Additional construction work included the replacement or substantial rehabilitation of 35 existing homes throughout the Beechwood neighborhood. Fifty-one of the units are affordable to households earning up to 60 percent of the Area Median Income.    

    The development includes nine apartments with supportive services for individuals experiencing homelessness. Rental subsidies and services are funded through the Empire State Supportive Housing Initiative and administered by the New York State Office of Temporary and Disability Assistance. The supportive service provider is Spiritus Christi. 

    Designed to meet the Environmental Protection Agency’s ENERGY STAR® Multifamily New Construction – Energy Rating Index compliance path, with support from the New York State Energy Research and Development Authority’s (NYSERDA) New Construction – Housing Program, the development utilizes ENERGY STAR® appliances, low-flow water fixtures, high-performance building envelope measures, all-electric domestic hot water heating, highly-efficient air source heat pumps to provide heating and cooling, and LED lighting. Solar panels have also been installed on one of the buildings at the Federal Street site. Improvements to the rehabilitated homes also include, improved ventilation, enhanced insulation, and window replacements. The Federal Street site provides community spaces and a thoughtfully designed playground. Electric vehicle charging receptacle(s) will be provided on sites where feasible.

    The project was developed by the Rochester Housing Authority with consultant Edgemere Development. State financing includes State and Federal Low Income Housing Tax Credits, generating $13 million in equity and $7 million in subsidy from New York State Homes and Community Renewal (HCR). The project also received $2 million through the Office of Temporary and Disability Assistance’s (OTDA) Homeless Housing and Assistance Program. NYSERDA provided $77,000 in funding. The Community Preservation Corporation provided a SONYMA-insured $2 million permanent loan through its partnership with the New York State Common Retirement Fund. The city of Rochester and Rochester Housing Authority provided $400,000 in subsidy.   

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Through a combination of replacing blighted properties with new, energy-efficient modern buildings, and preserving essential public housing stock, this $27 million project will bring 53 affordable homes to Rochester’s Beechwood neighborhood and benefit families and individuals in need of support. Thank you to all our public and private partners for bringing this innovative project to fruition and for guiding our efforts to revitalize neighborhoods and increase housing supply in the city and across Monroe County.”

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “The nine permanent supportive housing units included in this development will provide a safe and affordable place to live for formerly incarcerated individuals and their families, while connecting them with essential support services they need to live stable, independent lives in the community. We are grateful for Governor Hochul’s strong support of the Empire State Supportive Housing Initiative and for her unwavering commitment to expanding the supply of permanent supportive housing across New York State.”

    New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “I am thrilled to see these out-of-use, neglected buildings transformed into modern, clean housing for the Rochester community. By implementing the latest sustainable building solutions, such as air-source heat pumps and all-electric hot water, projects like this continue to demonstrate how sustainable affordable housing can be achieved in communities throughout the state.”

    U.S. Senate Minority Leader Chuck Schumer said, “Every family in Rochester deserves a safe and affordable place to call home. I’m proud that the federal Low-Income Housing Tax Credit, which I worked hard to protect and expand, has delivered millions to build over 50 new homes across Rochester’s Beechwood neighborhood. Many working families in New York are struggling with high housing costs, and building more housing for working people will help to bring down those high prices. I applaud Governor Hochul’s efforts to increase access to affordable housing in Rochester and across Upstate New York, and I will continue working to deliver federal resources to ensure that every New Yorker has a roof over their heads.”

    Representative Joe Morelle said, “Access to a safe and affordable home is a basic necessity, but sadly, this reality is still out of reach for far too many in our community. These 53 new homes in the Beechwood Neighborhood will help provide the safety and security people deserve and help set them up to thrive. I’m grateful to Governor Hochul for continuing to invest in Rochester and our families, and I look forward to our continued work together.”

    New York State Comptroller Thomas P. DiNapoli said, “Our longstanding partnership with the Community Preservation Corporation has allowed the state’s pension fund to invest in New York’s communities. This project is a win-win that helps grow much-needed affordable and supportive housing to Beechwood, while providing the pension fund with the kind of steady return on investment that provides retirement security for its members, retirees and beneficiaries.”

    Assemblymember Demond Meeks said, “I am proud to support the Rochester Housing Authority’s Federal Street and Scattered Sites development, a vital step toward ensuring equitable and affordable housing for families in our community. This project will provide safe, stable homes for working families, seniors, and individuals in need, while also breathing new life into our neighborhoods through the rehabilitation of existing properties and the construction of new ones. By investing in quality housing and community infrastructure, we are creating stronger, healthier, and more resilient communities for generations to come.”

    Assemblymember Harry B. Bronson said, “The Federal Street and Scattered Sites Housing initiative is bringing much-needed affordable, safe, equitable housing opportunities to the Beechwood neighborhood, which I am proud to represent. This effort is the result of thoughtful collaboration between Rochester Housing Authority working with partners in all levels of government and the community to ensure these homes meet the needs of existing residents and families in the neighborhood and the fabric of the vibrant Beechwood community.”

    Monroe County Executive Adam Bello said, “In the face of a continued affordable housing shortage, the Rochester Housing Authority is taking action. These new units will revitalize the Beechwood Neighborhood and provide families with a safe and stable environment. Additionally, RCH’s emphasis on constructing environmentally friendly units expands the reach of this project and ensures its long-term sustainability.”

    Rochester Mayor Malik D. Evans said, “These homes are more than wood and stone; they are the visible proof that Rochester is moving forward with a new momentum. When we lift up our neighborhoods and invest in the dignity of every street, every family, and every block, we move Rochester forward together, building a city where hope and opportunity walk hand in hand.”

    The Community Preservation Corporation Vice President Miriam Zinter said, “This milestone marks more than the completion of new housing – it is a celebration of what can be achieved when we make meaningful investments in the future of our communities. This project is helping to revitalize the Beechwood neighborhood while providing high-quality, affordable and supportive housing that will serve the diverse needs of our city’s residents for decades to come. I thank Governor Hochul, HCR, the city of Rochester and the Rochester Housing Authority, and our lending partners at the State’s Common Retirement Fund for their partnership.”

    Rochester Housing Authority Executive Director Shawn Burr said, “These homes are more than just buildings—they represent our renewed commitment to preserving public housing, revitalizing neighborhoods, and strengthening our community. We’re proud to kick off our summer of progress right here on Federal Street.”

    Governor Hochul’s Housing Agenda

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

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

    Accelerating Finger Lakes Forward     

    Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive strategy to generate robust economic growth and community development. The regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. More information is available here. 

    MIL OSI USA News

  • MIL-OSI Global: The UK is falling behind in tackling microplastic pollution – here are three ways the government can catch up

    Source: The Conversation – UK – By Antaya March, Director – Global Plastics Policy Centre, University of Portsmouth

    SIVStockStudio/Shutterstock

    Microplastics – fragments of plastic smaller than 5mm – are accumulating in the environment. They’re found in soil, water, food, even in human lungs, placentas and blood. These plastic particles shed from items we use daily, such as synthetic clothes, tyres, plastic packaging and paint.

    Scientists, medical professionals and environmental bodies have raised growing concern about the potential impacts of microplastics on environments and human health. Studies suggest that microplastics could affect soil health, reduce food productivity and compromise ecosystem functioning. As a result, economic growth may be hindered.

    Some nations are acting. French regulations require that filters are put on new washing machines to capture microfibres. The EU has recently targeted microplastic inputs from artificial turf and paint and has passed rules to limit microplastic discharges in wastewater treatment.

    US states are beginning to regulate microplastic contamination in drinking water. In fact, California has set some of the world’s first safe water testing requirements for microplastic contamination.

    Yet, the UK hasn’t kept pace. There is still no national plan to reduce emissions. There are no legal targets for reducing microplastic pollution, no limits and no timeline for action. The only regulation to date (a 2017 ban on microbeads in rinse-off cosmetics) addresses just a fraction of the problem. Microbeads only account for less than 5% of the microplastics ending up in the environment.

    With evidence building and risks mounting, the UK urgently needs a more coordinated response. Drawing on insights from leading UK scientists and policy experts, here are three ways the UK can begin to close the gap.

    1. A national roadmap

    The UK has no coordinated plan to reduce microplastic pollution. Microplastics are mentioned in several UK government strategies – such as the Plan for Water and Environmental Improvement Plan – but these don’t have clear targets, timelines or regulatory action.

    A national roadmap can tackle the problem more effectively by expanding the narrow scope of the microbeads ban to cover major sources of both primary (intentionally manufactured) and secondary microplastics (produced from the breakdown of larger plastics).

    To make this feasible, design standards for plastic products need to focus on reducing microplastics shedding upstream, rather than relying on clean-up alone.

    As with any effective regulation, measurable targets to reduce microplastics entering the environment can be paired with a programme for monitoring – so human exposure and microplastic levels in air, water and soil can be tracked to assess whether policies are working.

    2. Regulate the biggest sources

    The ban on microbeads in rinse-off cosmetics was an important early step, but it only scratches the surface. Most microplastic pollution comes from larger, less visible sources: car tyres, synthetic textiles, paint and fertilisers made from sewage sludge. These everyday sources account for most microplastic emissions, yet remain largely unregulated in the UK.




    Read more:
    Car tyres shed a quarter of all microplastics in the environment – urgent action is needed


    By making manufacturers responsible for the highest levels of microplastic pollution, a widespread industry shift can be achieved. That includes setting standards to reduce fibres shedding from textiles and requiring filters in washing machines, addressing tyre wear and road runoff in the transport sector and phasing out the use of contaminated sludge and plastic mulch films in agriculture. These are not distant or unrealistic goals. Many could be achieved by updating existing waste, water and environmental regulations.

    Paint is a big source of microplastics.
    r.classen/Shutterstock

    To date, the government has eschewed precaution and tended to shelve action where evidence of harm is still emerging. While research continues to evolve, existing scientific evidence provides a strong basis for meaningful policy actions today. What’s missing is a shift in focus – from marginal sources to the main drivers – and the political will to prioritise real reductions over symbolic moves.

    3. Tackle plastic production

    Most microplastics begin as larger plastic products that slowly break down over time. We need to reduce how much plastic is produced and used in the first place.

    The UK government’s stated aims for creating an economy in which less resources are used overall there is greater reuse of existing resources (otherwise known as a circular economy) focus on reducing waste and improving material use, but they don’t yet address how overproduction of plastics contributes to microplastic pollution.

    Setting targets to cut the volume of single-use plastic on the market would help prevent microplastics polluting the environment. Simplifying how products are designed and labelled can also enable safer disposal, reuse or recycling and reduce how much plastic breaks up.

    At the same time, alternatives (including biodegradable or bio-based plastics) must be carefully assessed. Without proper oversight, these substitutes risk repeating many of the same problems. Reducing plastic demand remains one of the most effective ways to tackle the microplastics crisis at its root. Consumers can also help by supporting policies that reduce plastic use and choosing to buy products that don’t produce as many microplastics.

    With microplastics now pervasive across ecosystems, waiting for more evidence risks further accumulation. Setting clear targets and strengthening regulation in the sectors that contribute most to emissions is essential.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


    Antaya March receives funding from the Flotilla Foundation.

    Stephanie Northen receives funding from the Flotilla Foundation.

    ref. The UK is falling behind in tackling microplastic pollution – here are three ways the government can catch up – https://theconversation.com/the-uk-is-falling-behind-in-tackling-microplastic-pollution-here-are-three-ways-the-government-can-catch-up-255465

    MIL OSI – Global Reports

  • MIL-OSI Global: Are kids resilient? Societies and families need to offer supports and relationships to nurture resilience

    Source: The Conversation – Canada – By Elena Merenda, Assistant Program Head of Early Childhood Studies, University of Guelph-Humber

    “Kids are resilient.” You have heard this before, right? You might have even said it, with the best of intentions.

    Resilience sometimes seems like a buzzword and is used in ill-defined ways. If adults praise children’s resilience without addressing their needs, this leaves children vulnerable to harm.

    Resilience doesn’t mean being unaffected by adversity — it means having the tools, relationships and supports to cope with it.

    Part of my role as a child development specialist with expertise in therapeutic play, as well childhood loss and grief, is consulting work with families and educators. I see children acting out in classrooms, withdrawing at home or having difficulties processing and regulating emotions and behaviours. Finding the right supports for a child often means many things.

    Offering children the environments and relationships that build resilience includes:

    In the everyday, children need adults who are well enough to care for them and present enough to notice their struggles.

    Many families with deep needs

    The 2024 National Report Card on Child and Family Poverty from Campaign 2000, a network of organizations committed to ending child and family poverty in Canada, reveals that in 2022, nearly one in five children were growing up in poverty.

    The child poverty rate rose by two and a half percentage points from the previous year, representing the largest annual increase in child poverty on record. Lone-parent households, most of them led by women, are disproportionately affected, with one in five relying on social assistance.




    Read more:
    Child poverty is on the rise in Canada, putting over 1 million kids at risk of life-long negative effects


    As financial insecurity deepens and government supports like the Canada Child Benefit lose their effectiveness due to high costs of living, parents are under formidable financial pressure that impacts their parenting capacity and personal wellness.

    Mental health gaps

    Mental Health Research Canada’s 2023 report, Exploring the Mental Health Landscape of Canadian Parents, reveals that younger parents, especially those under 30, are facing self-reported elevated levels of anxiety and depression since the end of the COVID-19 pandemic.

    The data also suggests that parents of children under two years of age are more likely to receive a new mental health diagnosis, likely due to decreased contact with health-care providers during the pandemic.

    What happens when parents are overwhelmed? Children feel it, and they need support to bounce back from it.

    The pressures parents face are not isolated. In a 2025 study on the perceptions of kindergarten, Grade 1 and Grade 2 educators in Ontario regarding their students’ developmental and academic skills and their own mental health during the 2021 to 2022 school year, teachers reported increased anxiety and slower developmental progress in children.




    Read more:
    From full-day learning to 30 minutes daily: The effects of school closures on kindergarteners


    Healthy development can’t be taken for granted

    If we only skim headlines that children displayed resilient capacities during the pandemic without looking deeper at how the pandemic also impeded healthy development, we are missing the full picture.

    It is only through longitudinal study — examining how kids are doing across time — that we’ll be able to fully understand impacts. For example, data from the Canadian Health Survey on Children and Youth shows about one in five youth who felt their mental health was good in 2019 no longer felt that way four years later.




    Read more:
    Pandemic babies’ developmental milestones: Not as bad as we feared, but not as good as before


    The 2023 Raising Canada Report, based on research conducted by researchers at the University of Calgary and McGill University and published by the non-profit organization Children First Canada, reports on violence, poverty, mental health struggles and online sexual exploitation affecting Canadian children.

    The report reveals there were 40 child homicides in 2022, and rates of hospital visits for self-harm and suicide attempts among youth have doubled over the past decade.

    These alarming reports suggest many families and children are struggling, lacking the resources they need to process their experiences and heal.

    Building your child’s and your own resilience

    Parental burnout is real — and compassion for oneself is the first step in supporting children.

    A few minutes of undistracted time with your child matters.
    (Shutterstock)

    Here are a few strategies parents can try to use, even when worn down:

    Focus on connection. A few minutes of undistracted time with your child — reading a book, going for a walk or simply talking without a phone nearby — builds connection and safety. When children feel a sense of safety and connection with their parent, they are more likely to share their thoughts and emotions. When children feel safe enough to verbalize their emotions, they are more inclined to process challenging times.

    Name and normalize emotions. Help your child build emotional vocabulary by labelling feelings for them in your day-to-day interactions. Saying things like “I noticed you looked frustrated when your Lego broke. That’s OK. It’s hard when things don’t go as planned” helps children to learn how to identify and name their emotions which is the first step in taming emotions.

    Model self-regulation, and when you feel overwhelmed, label your feelings. Try saying, “I’m feeling really worried right now, so I’m going to take a few deep breaths.” This teaches children that big feelings are a normal human experience. It also models for children healthy coping strategies.

    Ask for help and accept support. Parenting shouldn’t be done alone. Ask for help. Find a community of like-minded parents who can talk through big and small moments with you. Let your child see that it’s OK to ask for help — this is how you build resilience.

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

    ref. Are kids resilient? Societies and families need to offer supports and relationships to nurture resilience – https://theconversation.com/are-kids-resilient-societies-and-families-need-to-offer-supports-and-relationships-to-nurture-resilience-253789

    MIL OSI – Global Reports

  • MIL-OSI USA: SBA Relief Still Available to California Small Businesses and Private Nonprofits Affected by the Lake Fire

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA)is reminding eligible small businesses and private nonprofit (PNP) organizations in California of the June 6 deadline to apply for low interest federal disaster loans to offset economic losses caused by the Lake Fire which occurred July 5‑Aug. 4, 2024.

    The disaster declaration covers the California counties of Kern, San Luis Obispo, Santa Barbara and Ventura.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and PNP organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. They may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than June 6.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI: Capgemini confirms its ESG commitment with an updated policy and enhanced objectives

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Sereydana Oum
    Tel.: +33 6 61 42 03 59
    E-mail: sereydana.oum@capgemini.com

    Capgemini confirms its ESG commitment with an updated policy
    and enhanced objectives

    As a responsible organization, Capgemini remains committed to the ESG priorities set out in 2021 while unveiling new ambitious targets

    Paris, May 6, 2025– Capgemini has updated its ESG policy and objectives set in 2021, reinforcing its commitment to sustainable growth, responsible business practices, and corporate accountability. The updated policy builds on the 8 priorities defined in 2021, adding a 9thfocused on ethics, and outlines 14 objectives. It further demonstrates the Group’s dedication to addressing global challenges while respecting local regulations and creating long-term value for stakeholders.

    Capgemini intends to drive progress and lead in the transition to a more sustainable economy. As part of its ESG policy set in 2021, the Group has already reached many objectives and will continue to build on this momentum through its updated ESG Policy. Some notable achievements include, as of end 2024:

    • Reducing its absolute Scope 1 & 2 emissions by 93% and Business Travel emissions (Scope 3) by 62% per employee compared to 2019, already achieving its objectives for 2030 (-80% for absolute scope 1 and 2 emissions and -55% per employee for Business Travel emissions);
    • Achieving a 98% share of renewable energy in the Group’s electricity consumption, in line with its objective to reach 100% in 2025;
    • Increasing women’s representation in the global workforce to 39.7%, for an objective of 40% in 2025, reflecting an increase of almost 7 points since 2019. Furthermore, women now account for 29% of the Group executive leadership positions, up from 17% in 2019, in line with its objective of 30% in 2025;
    • Reaching an average of 77 learning hours per employee, significantly above the objective set of an increase of 5% each year since 2019;
    • Demonstrating its leadership in data protection and cybersecurity with the recognition of external rating agencies (Bitsight, RiskRecon and Cybervadis).

    The updated ESG Policy forms the basis for the Group’s sustainability priorities and will continue to be embedded in its activities and offerings by leveraging technology, human capital, and alliances with key partners:

    • The Group has added an investment commitment in high-quality carbon credits, in addition to its objective to reduce its emissions across Scopes 1, 2 and 3 by 90% to become net zero by 2040, as validated by the SBTi Corporate Net-Zero Standard, reflecting its commitment to address excessive carbon in the atmosphere today.
    • In addition, the Group pledges to maintain at least 40% of women in its global workforce and raises its objective for women in global executive positions to 35% by 2030.
    • On digital inclusion, Capgemini extends its target to 10 million beneficiaries, and starting in 2025, will be aligning its reporting method to industry leading B4SI1 impact framework, which focuses on the depth of impact on individuals, rather than the number of people reached through community programs only.
    • Capgemini also aims at strengthening the ethical use of AI by its employees, as this technology will deeply reshape the economies.
    • The Group aims at helping its clients achieve their sustainability commitments by enlarging its portfolio of offerings.

    “ESG is fundamental to our corporate strategy and long-term value creation. This enhanced ESG policy reflects our commitment to innovation, ethical leadership and meaningful impact in order to create a future where our teams, our clients and our partners can thrive, in a responsible and resilient economy,” said Aiman Ezzat, Chief Executive Officer at Capgemini.

    ESG policy

    Priorities Objectives
    Environment: Protecting the planet
    1. Act on climate change and become a net zero business, by 2040
    1. Reduce our Scope 1, 2 and 3 emissions by 90%, by 2040
    2. Scale up our investment in climate and nature solutions at a level commensurate with our total GHG emissions
    1. Lead to a sustainable economy, by helping our clients achieve their sustainability commitments
    1. Increase bookings (value) delivering sustainability benefits to our clients
    Social: Shaping a future with protection & respect for all
    1. Invest in our talents through an empowering experience
    1. Reach and maintain 70 learning hours on average per employee per year
    2. Upskill our talents on one yearly defined strategic topic
    3. Maintain our employees’ belonging index above 80
    1. Maintain high ethical standards at all times
    1. Keep over 80% of the employees with a positive perception of our values, culture, and ethical behaviors in the Group
    2. Enhance awareness and foster the adoption of Ethical AI practices
    1. Enhance inclusion in our activities
    1. Maintain at least 40% of women in our global teams and reach 35% of women in group executive leadership positions, by 2030*
    1. Support digital inclusion in our communities
    1. Support 10M beneficiaries in underserved communities through our digital inclusion programs, by 2030
    Governance: Embedding trust & transparency at every level
    1. Foster a diverse and accountable governance
    1. Maintain best-in-class corporate governance
    1. Value responsible business practices across the value chain
    1. By 2030, suppliers covering 80% of the purchase amount of the previous year will have committed to our ESG standards
    1. Protect and secure data, infrastructure, and identity
    1. Embed data protection into our culture, operations and clients’ delivery
    2. Be recognized as a front leader on cybersecurity

    * We recognize that countries must operate within their local regulatory/legal framework. The Objectives for 2030 are set at a Group level and will accelerate our Inclusion efforts.

    Find more details on the updated ESG policy: https://investors.capgemini.com/en/esg-policy/

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
    Get the future you want | www.capgemini.com


    1 The Business for Societal Impact (B4SI) framework is aiming to create lasting change, it is globally recognized and leading in the field of social impact reporting.

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    The MIL Network

  • MIL-OSI Russia: There will be a softening – experts have given a forecast for the key rate for the summer of 2025

    Translation. Region: Russian Federal

    Source: Mainfin Bank –

    Why does the regulator keep the key rate at 21%?

    The tight monetary policy in Russia is due to high inflationary expectations, which, in turn, are provoked by a number of negative factors:

    rising prices for goods – food prices are rising faster; a shortage of personnel in the labor market, which leads to an increase in wages at an accelerated pace; an acceleration in lending – the industry has now been stabilized; geopolitical instability with a cooling of the global economy; indexation of housing and communal services tariffs by 12% in July of this year.

    Price growth in the Russian Federation is slowing down, but inflation remains high (above 7%). The population also maintains elevated inflation expectations – there is too much uncertainty in the national economy and on the international track.

    What will happen to monetary policy in the Russian Federation in the summer of 2025?

    The key rate has remained at 21% for more than six months, but in April the regulator revised the signals for the market – the Central Bank of the Russian Federation did not mention the possibility of increasing the indicator at future meetings, as was the case earlier. Let us recall that a new meeting on the key rate will be held on June 6, and on July 25 the Board of Directors of the Bank of Russia will not only revise the indicator, but also publish a medium-term forecast. Decisions will be made taking into account inflation risks, but experts allow for a gradual reduction in the key rate.

    “The monetary policy easing cycle will begin in 2025, but it is difficult to predict the exact timing – the rate revision could take place in June or July,” experts note.

    In general, analysts believe that the regulator will reduce the key rate by 100-200 bp in the summer, and by the end of the year the indicator may fall to 14% per annum. The signals from the Central Bank of the Russian Federation are neutral for now – the regulator does not clearly indicate the possible vector of actions: at the next meetings the rate may be reduced or maintained. However, pessimistic experts also allow for a new round of tightening if there are upheavals in the market and the economic situation significantly worsens.

    15:00 06.05.2025

    Source:

    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: //Mainfin.ru/novosti/ Samyagi-being-experts-dali-prognosis-pole-steam-on-ya-summer-2025 year

    MIL OSI Russia News

  • MIL-OSI Global: Currency controls and debt in Argentina: the stakes are high if Milei’s latest economic gamble doesn’t pay off

    Source: The Conversation – UK – By Matt Barlow, Lecturer International Political Economy, University of Glasgow

    Matias Lynch/Shutterstock

    In April, Argentina’s president Javier Milei partially lifted the capital and currency controls that had been in place since 2011. The move was possible with the support of a US$20 billion (£15 billion) IMF bailout and means Argentinians may now buy unlimited dollars again.

    Announcing the move in the capital Buenos Aires, Milei was flanked by American treasury secretary Scott Bessent. Milei took the opportunity to liken it to US president Donald Trump’s “liberation day”.

    While he is often associated with Trump for his abrasive rhetoric and right-wing populist support base, Milei’s liberation day was intended to reduce the role of the state in the economy – unlike the US’s approach of deepening it.

    The latest iteration of currency controls was implemented by then-president Cristina Fernández de Kirchner to try to shore up the deteriorating value of the Argentinian peso.

    The controls, known locally as el cepo (the clamp), meant that citizens and businesses were limited in the amount of foreign currency they could purchase. At the same time, they were constrained in moving money out of Argentina. This was designed as a safeguard against capital flight, but in effect it stifled inward investment.

    These measures, coupled with a centrally controlled foreign exchange rate, created a lucrative black market for US dollars. Citizens were eager to exchange cash pesos for the traditionally safer US dollar.

    The currency controls were previously lifted by another advocate for market-friendly policies, president Mauricio Macri in 2015. But they were reimposed in 2019 at the end of his term to address a fall in value of the peso.

    Unlike Macri’s broad-brush removal, Milei is phasing out the controls. He is doing so in the context of less economic volatility and a more stable national budget.

    The measures announced this time mean that rather than being fixed, the peso will be able to float between a value of 1,000–1,400 pesos (64p-87p) per US dollar. Milei’s previous policy was a crawling peg, which meant that the peso was pegged to the dollar, but it was prevented from depreciating by more than 1% each month.

    However, this was costly. The central bank had to provide the liquidity and has spent US$2.5 billion since mid-March propping up the official rate of the peso.

    Floating it means its value is determined by the currency markets. This exposes it to volatility, but the currency band provides some security and the central bank can go back to focusing on building its reserves.

    For international companies, future capital can be repatriated out of Argentina (which had been a major barrier to investment). Under the previous restrictions, any profits made by international firms could not be moved out of the country.

    And while Argentinians can now buy unlimited dollars through banks, there is still a US$100 restriction on exchanging physical cash.

    Milei’s gamble

    Analysts have called Milei’s move bold and brave, but also described it as a high-stakes gamble. Recent attempts to do the same thing ended in capital flight, near bankruptcy and ultimately the re-imposition of controls.

    But it was also a step that he promised on the campaign trail in 2023. Back then, Milei argued that economic stability and deregulation were essential to attract investment into Argentina.

    So while the Trump administration looks inwards, Milei is opening Argentina to the private sector – especially in relation to its vast natural resources including shale oil and gas, and lithium.

    Extraction of Argentina’s shale oil and gas has slowed in recent years, but attracting foreign investment in infrastructure has been high on Milei’s priority list. Business, including US energy giant Chevron, seems cautiously optimistic.

    And increased foreign investment in Argentina’s lithium mining sector has raised hopes that the country could be a linchpin in the global energy transition. But at the same time it is deepening Argentina’s dependency on finite commodities.

    But what does all this mean for Argentinians right now? For many old enough to remember, it might seem like deja vu. Opening Argentina up to the forces of the market, reducing the regulatory role of the state and privatising major state assets while borrowing more from the IMF has precedent.

    It was the same approach followed by president Carlos Menem in the 1990s. This had initial success but over the course of the decade resulted in economic disaster, unsustainable debt (leading to the 2001 IMF debt default) and pushed nearly 60% of the population into poverty.

    The US$20 billion IMF loan package (alongside other borrowing) provides Argentina’s central bank with capital to lift the currency restrictions. Adding to the IMF debt burden (which already stood at more than US$40 billion in March 2025) has so far been well received by the markets.

    But market-friendly policies being well received by the markets is surely to be expected. What might the social costs be, however?

    Milei’s programme of deep austerity included cuts to salaries and welfare payments. These initially pushed poverty levels up to 53%, their highest point in two decades. Recent figures show that, while still frighteningly high, falling inflation has helped bring this down to 38%.

    But these figures mask the desperate reality of many. Reductions in state spending and the removal of subsidies mean that income levels for workers and pensioners are below 2023 levels. Many are taking on additional and more precarious work, and soup kitchens are proving essential.

    So for many citizens, the news about the partial lifting of currency controls is a moot point. For these people, buying dollars is not remotely feasible.

    One thing Argentinians are broadly united in is their disdain for the IMF. Borrowing from it has pushed Argentina to the brink previously – Milei will be hoping that by jettisoning one anvil, his deal with the IMF won’t chain him to a heavier one.

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

    ref. Currency controls and debt in Argentina: the stakes are high if Milei’s latest economic gamble doesn’t pay off – https://theconversation.com/currency-controls-and-debt-in-argentina-the-stakes-are-high-if-mileis-latest-economic-gamble-doesnt-pay-off-255733

    MIL OSI – Global Reports

  • MIL-OSI Africa: One Week to Go: Invest in African Energy (IAE) 2025 to Drive Africa’s Licensing and Gas Growth

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

    PARIS, France, May 6, 2025/APO Group/ —

    With just one week to go, the Invest in African Energy (IAE) 2025 Forum is set to ignite a transformative week of upstream deal-making, policy dialogue and strategic engagement. Taking place on May 13-14 in Paris, the forum will place Africa’s active licensing landscape and gas-driven development ambitions firmly at the center of global energy investment discussions.

    With over 150 oil and gas blocks being made available across more than ten African countries, 2025 is emerging as a pivotal year for upstream investment. A wave of new licensing activity is gaining momentum, with governments launching bid rounds and inviting direct negotiations to unlock exploration potential in both established and frontier basins. Countries like Angola, Libya, Liberia, Sierra Leone, Algeria and the Republic of Congo are leading the charge, supported by enhanced seismic data, digitized application systems and updated fiscal regimes designed to lower entry barriers. These licensing initiatives will be a key focus at IAE 2025, offering a dynamic venue for stakeholders to engage on concrete investment opportunities and forge new partnerships.

    IAE 2025 (https://apo-opa.co/44r2RKfis an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    IAE 2025 will showcase a powerhouse lineup of keynote speakers from both government and industry, including Bruno Jean-Ricachard Itoua, Minister of Hydrocarbons of the Republic of Congo; Eperikpe Ekpo, Minister of State for Petroleum Resources (Gas) of Nigeria and Maggy Shino, Petroleum Commissioner, Minister of Mines & Energy, Namibia. From the private sector, featured speakers include Wale Tinubu CON, CEO of Oando Plc; Marco Villa, Chief Business Officer of Technip Energies and Mike Sangster, Senior Vice President at TotalEnergies. These keynote addresses will provide critical insight into evolving policies, corporate strategies and investment frameworks shaping Africa’s energy landscape. A fireside chat with Mauritania’s Minister of Petroleum and Energy, Mohamed Ould Khaled, will further explore the landmark progress of the Greater Tortue Ahmeyim project and its catalytic role in driving regional gas monetization and industrial development in the region.

    During a high-level ministerial panel, African policymakers will converge to discuss “Africa on the Global Energy Stage: Financing the Next Generation of Energy Projects,” exploring how African states are positioning themselves within global energy markets and unlocking partnerships for infrastructure, technology and private sector capital. An IOC-led panel on “Advancing Africa’s LNG Potential: Overcoming Infrastructure and Investment Challenges” – featuring UTM Offshore, Golar LNG, TechnipEnergies, Perenco and Neuman & Esser – will address practical strategies for accelerating LNG projects, from modular design and FSRU deployment to cross-border value chains.

    Additional highlights include the “Monetizing Congo’s Gas Opportunities” session – featuring participation from Société nationale des pétroles du Congo and private sector players – which offers insight into emerging gas strategies and projects currently under development. A special session led by the African Union, “Financing the Transition: Unlocking Private Capital for Sustainable Development,” will address how to mobilize private investment in support of energy access, transition finance and regional integration.

    With governments, NOCs, IOCs and financial institutions from across Africa and beyond confirmed, IAE 2025 is not just a forum – it is the definitive platform for executing upstream and gas-sector strategies. As global energy stakeholders seek new frontiers for growth, Africa is putting forward its strongest case yet.

    MIL OSI Africa

  • MIL-OSI: Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    KH Group Plc
    Stock exchange release 6 May 2025 at 6:15 pm EEST

    Decisions of KH Group’s Annual General Meeting and the constitutive meeting of the Board of Directors

    KH Group Plc’s Annual General Meeting was held on 6 May 2025 at Sanomatalo, Flik Event Studio Eliel, at the address Töölönlahdenkatu 2, 00100 Helsinki, Finland. The Annual General Meeting supported all the proposals included in the notice of the Annual General Meeting. The General Meeting adopted the financial statements for the financial period 2024, discharged the members of the Board of Directors and the persons who had acted as CEO from liability for the financial period 2024, and adopted, through an advisory decision, the company’s Governing Bodies’ Remuneration Report for the year 2024.

    Use of profit shown on the balance sheet

    As proposed by the Board of Directors, the General Meeting decided that no dividend be distributed for the financial period ended on 31 December 2024.

    Remuneration of the members of the Board of Directors

    The General Meeting decided that the remuneration of the Board of Directors remain unchanged, so that the Chairman of the Board of Directors be paid as remuneration EUR 3,550 per month and each member of the Board of Directors EUR 2,300 per month. The travel expenses of the members of the Board of Directors are compensated in accordance with the company’s travel policy. Earnings-related pension insurance contributions are paid voluntarily for the paid remuneration.

    Composition of the Board of Directors

    The General Meeting confirmed the number of members of the Board of Directors at six (6). Juha Karttunen, Taru Narvanmaa, Jon Unnérus, Christoffer Landtman, Jari Rautjärvi and Carl Haglund were elected to the Board of Directors until the closing of the Annual General Meeting of 2026.

    Election of the auditor and the sustainability reporting assurance provider

    The General Meeting elected Ernst & Young Oy, Authorised Public Accountant firm, as the company’s auditor. Ernst & Young Oy has notified that Timo Eerola, APA, acts as the principally responsible auditor for the company.

    The General Meeting elected Ernst & Young Oy, Authorised Sustainability Audit Firm, as the company’s sustainability reporting assurance provider. Ernst & Young Oy has notified that Timo Eerola, ASA (Authorised Sustainability Auditor), acts as the principally responsible sustainability auditor for the company.

    The General Meeting decided that the remuneration of the auditor shall be paid according to the auditor’s reasonable invoice approved by the company, and that the remuneration of the sustainability reporting assurance provider shall be paid according to the sustainability reporting assurance provider’s reasonable invoice approved by the company.

    Authorising the Board of Directors to decide on the issuance of shares and special rights entitling to shares

    As proposed by the Board of Directors, the General Meeting authorised the Board of Directors to decide on the issuance of shares and/or the granting of special rights entitling to shares as referred to in Chapter 10, Section 1 of the Finnish Limited Liability Companies Act, in one or several instalments. The total number of shares to be issued under the authorisation may be at the most 11,400,000 shares, and the authorisation concerns both the issuance of new shares as well as the conveyance of shares held by the company. The authorisation may be used to finance or carry out possible acquisitions or other arrangements or investments related to the company’s business, to implement the company’s incentive program, or for other purposes decided by the Board of Directors. The Board of Directors decides on all terms and conditions of a share issue and the issuance of special rights referred to in Chapter 10, Section 1 of the Finnish Limited Liability Companies Act, and the authorisation therefore includes the right of the Board of Directors to deviate from the shareholders’ pre-emptive subscription right (directed issue), the right to issue shares against consideration or without payment, and the right to decide on a free issuance of shares to the company itself.

    The authorisation is effective until 30 June 2026, and it cancels the corresponding authorisation given to the Board of Directors by the Annual General Meeting on 7 May 2024.

    Authorising the Board of Directors to decide on the repurchase of the company’s own shares

    As proposed by the Board of Directors, the General Meeting authorised the Board of Directors to decide to repurchase a maximum of 5,700,000 shares in the company in one or several instalments by using funds in the company’s unrestricted equity, however, taking into account the provisions of the Finnish Limited Liability Companies Act concerning the maximum number of own shares held by the company. The company’s own shares may be repurchased to be used as consideration in possible acquisitions or in other arrangements related to the company’s business, to finance investments, as a part of the company’s incentive program, to develop the company’s capital structure as well as to be conveyed for other purposes, to be held by the company or to be cancelled. The authorisation also includes the right to pledge the company’s own shares. The company’s own shares may be repurchased in public trading organised by Nasdaq Helsinki Ltd otherwise than in proportion to the shareholdings of the shareholders, at the market price at the time of repurchase. The shares will be repurchased and paid in accordance with the rules of Nasdaq Helsinki Ltd and Euroclear Finland Oy. The Board of Directors decides in all other respects on the terms and conditions of the repurchase of own shares.

    The authorisation is effective until 30 June 2026, and it cancels the corresponding authorisation given to the Board of Directors by the Annual General Meeting on 7 May 2024.

    Minutes of the General Meeting

    The minutes of the General Meeting will be available on the company’s website on 20 May 2025, at the latest.

    Decisions of the constitutive meeting of the Board of Directors

    In its constitutive meeting held after the Annual General Meeting, the Board of Directors elected Juha Karttunen as its Chairman.

    Additionally, the Board of Directors resolved to establish an Audit Committee and elected Taru Narvanmaa as Chair and Juha Karttunen and Jari Rautjärvi as members of the Audit Committee.

    The Board of Directors considered all members of the Board of Directors to be independent of the company and of the significant shareholders of the company.

    KH GROUP PLC

    Ville Nikulainen
    CEO

    FURTHER INFORMATION:
    CEO Ville Nikulainen, tel. +358 40 045 9343

    DISTRIBUTION:
    Nasdaq Helsinki Ltd
    Major media
    www.khgroup.com

    KH Group Plc is a Nordic conglomerate operating in the business areas of KH-Koneet, Nordic Rescue Group and Indoor Group. We are a leading supplier of construction and earth-moving equipment, rescue vehicle manufacturer as well as furniture and interior decoration retailer. The objective of our strategy is to create an industrial group around the business of KH-Koneet. KH Group’s share is listed on Nasdaq Helsinki.

    The MIL Network

  • MIL-OSI: BexBack Launches No-KYC Crypto Trading Platform with 100x Leverage and $100 Bonus

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 06, 2025 (GLOBE NEWSWIRE) —

    As the global demand for high-performance crypto trading platforms surges, BexBack, a fast-growing cryptocurrency derivatives exchange, is redefining access and opportunity for traders worldwide. With a commitment to no-KYC onboarding, up to 100x leverage, and generous promotions including a 100% deposit bonus and $100 trading bonus, BexBack is quickly emerging as a trusted platform for both seasoned investors and new entrants in the crypto space.

    Founded in Singapore and operating globally with offices in Hong Kong, Japan, the U.S., and the U.K., BexBack is a FinCEN-registered MSB (Money Services Business), ensuring compliance with U.S. regulations while offering users privacy, speed, and freedom.

    “At BexBack, we believe crypto trading should be fast, secure, and accessible to everyone—regardless of where they live or what ID they have,” said Amanda, Business Manager at BexBack. “That’s why we offer no-KYC registration and tools that empower users to trade freely in today’s volatile markets.”


    Key Features That Set BexBack Apart:

    • 100x Leverage: Trade BTC, ETH, ADA, XRP, SOL, and over 50 other crypto futures with maximum capital efficiency.
    • No KYC Required: Users can register and start trading with just an email—no personal data needed.
    • Zero Spread: Transparent pricing with no hidden costs between buy/sell.
    • $100 Trading Bonus: Available to new users who deposit ≥ 0.01 BTC or 1000 USDT and complete their first trade.
    • 100% Deposit Bonus: Double your capital—bonus can be used as margin to expand trading power.
    • Demo Account: Practice risk-free with 10 BTC or 1M USDT in virtual funds.
    • 24/7 Global Support: Multi-language assistance and live chat available around the clock.
    • Robust Security: Multi-signature cold wallets, SSL encryption, 2FA, and DDoS protection safeguard user assets.
    • Fair Price Index: BexBack’s pricing is based on real-time data from Binance, Bybit, OKX, Bitget, and Kraken.

    A Platform Designed for Every Trader

    Whether you’re just beginning your crypto journey or you’re an experienced trader seeking greater privacy and performance, BexBack delivers a complete ecosystem tailored to your needs. Its intuitive interface, mobile compatibility, and educational resources make it accessible, while its high-leverage infrastructure attracts professionals aiming to capitalize on short-term market movements.


    Start Trading Today

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. 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/e3067e8f-9b47-40a1-9ef2-f678f5f0d9d3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/79202373-df68-4789-a5aa-092b370b1356

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4209e972-4590-4201-84d0-104e90226b42

    The MIL Network

  • MIL-OSI United Kingdom: Sunshine brings out the crowds for the City of Derry Jazz Festival

    Source: Northern Ireland – City of Derry

    Sunshine brings out the crowds for the City of Derry Jazz Festival

    6 May 2025

    The ‘City of Song’ certainly lived up to its name at the weekend as tens of thousands soaked up the sunshine and the sounds at the City of Derry Jazz and Big Band Festival.

    It was the 24th year of the renowned festival and it did not disappoint, with early indicators that numbers this year are expected to exceed the 100,000 mark.

    The festival ended on a high note on Bank Holiday Monday, with the sunshine keeping the al fresco party going all weekend. On Saturday and Sunday night headliner Billy Ocean brought some A-list magic to the Millennium Forum and had the crowds on their feet for an extravaganza of iconic hits. Waterloo Street was bouncing to the sound of the Mr Wilson’s Second Liners on Sunday evening, while the Craft Village and Guildhall Square were filled all weekend with fair weather jazz fans.

    Looking back on the events, Mayor of Derry and Strabane Councillor Lilian Seenoi Barr, said it had been a fabulous celebration from start to finish. “What a weekend – the city was absolutely swinging from when the first note sounded on Thursday until the curtain closed this evening. We welcomed music lovers from all over the world and it was wonderful to see everyone coming together out on the streets.

    “I want to take this opportunity to thank the Council team for all their work on the festival which really excelled all expectations this year. And I want to thank everyone in the business community for getting on board and making it such a success from start to finish. Next year is the 25th anniversary of the jazz festival and I’m really looking forward to marking the milestone of this fabulous event in style.”

    This year the festival saw over 400 performances delivered by over 190 acts in pubs, hotels, outdoor stages, jazz hubs, cafes and even street corners. The atmosphere was electric and the good weather brought people of all ages out in the sunshine to enjoy outdoor performances, and soak up the festival vibes.

    With over 100,000 attending over the weekend, the jazz festival always provides a significant boost to the local economy and heralds the start of the summer tourist season. The additional footfall and trade generated and high hotel occupancy rates, highlight the festival’s crucial role in showcasing the city’s renowned hospitality.

    Head of Culture with Derry City and Strabane District Council, Aeidin McCarter, praised the collective effort behind the hugely successful event. “I am absolutely delighted with the overwhelming success of this year’s City of Derry Jazz and Big Band Festival. To see tens of thousands of people out enjoying themselves in our city was truly wonderful and the great weather was an added bonus. It’s a testament to the exceptional local talent we have here in the city, and each year our international artists return again and again because of the unbelievable atmosphere and the hospitality that sets this place apart. I want to extend a huge thank you to everyone involved in organising, from our festivals team to the streetscape crew who were out on the ground keeping the city clean for visitors all weekend. My sincere gratitude goes out to all the local businesses – the venues, hotels, restaurants, retailers and of course our sponsors – whose partnership and support are absolutely vital. Their enthusiasm and commitment to the event brings visitors back year after year.”

    As the dust now settles after a wonderful weekend, planning will soon begin for next year’s 25th anniversary edition, building on the success of 2025 and 24 years of jazz.

    The City of Derry Jazz and Big Band Festival is delivered by Derry City and Strabane District Council with support from Diageo and EY.

    For more information on all the events at this year’s festival, go to cityofderryjazzfestival.com

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Coventry City Council launches ground-breaking on-road test of Novel Modular Light Rail Track System

    Source: City of Coventry

    The Coventry Very Light Rail (CVLR) project has achieved a significant technical milestone with the construction of a 220-metre single-track demonstrator in the city’s heart.

    Installed along Greyfriars Road and Queen Victoria Road, this trial represents the first time CVLR’s innovative modular track form has been embedded within a live urban corridor.

    The 50 %+ completion milestone follows the appointment of the Principal Contractor in mid-February 2025. Delivery has progressed swiftly to the completion of laying and aligning all Ultra-High-Performance Concrete (UHPC) slabs and the alignment, welding, and fastening of the grooved rails. With full slab bedding now also complete, the result is a structurally sound and installation-complete track form, ready to accept the CVLR vehicle.

    Over the coming weeks, the team will finalise the installation of the structural health monitoring system, rail drainage, and rail-to-pavement interface components before embedding rails in asphalt pavement. The team targets completion of the construction phase by early May 2025.

    Dr Christopher Micallef, CVLR track programme lead at Coventry City Council, said: “This milestone represents a step-change in the technology readiness level of the novel CVLR track system. Having progressed through concept design, laboratory testing, and a series of increasingly complex pilot installations in controlled environments, we are now proving the system in a dense, operational urban corridor for the first time.”

    Councillor Jim O’Boyle, Cabinet Member for Jobs, Regeneration, and Climate Change at Coventry City Council, said: “This is a significant step forward for the CVLR project and how cities like Coventry can rethink public transport infrastructure. We are not just piloting technology, we are building confidence in a scalable model that puts climate, community, and cost-effectiveness at the heart of urban mobility. And I’m pleased to say that this innovation has been born out of our manufacturing skills in this city and the wider region. The green economy is growing, and CVLR is at the heart of that here.”

    A Technically Complex Urban Demonstrator

    The track alignment was chosen to test real-world challenges typical of dense city centres. It traverses a longitudinal gradient between 1.5% and 3.5%, incorporates a 30-metre radius curve, and applies a continuous cant to facilitate compatibility with existing road geometry.

    Construction was undertaken within a strictly constrained corridor, maintaining continuous access across an active junction. Crucially, no full road closures or traffic diversions were required — a key goal in demonstrating CVLR’s ‘LITE footprint’ on the public realm.

    The route also interfaces with all primary below-ground services, including water (clean and foul), gas, electricity, and telecommunications. The track form’s shallow 300mm excavation depth and integrated utility access chambers enabled installation without major service relocation — a fundamental advantage over traditional tram systems.

    Iain Anderson, Managing Director, Colas Rail UK, said: “This trial installation demonstrates how innovative rail infrastructure can be delivered in real city environments with minimal disruption. Our teams worked closely with Coventry City Council to adapt to complex site conditions in real time, showing what’s possible when engineering meets digital responsiveness.”

    Enabling a Step Change in Light Rail Construction

    CVLR’s approach is underpinned by enabling technologies to overcome the traditional barriers to light rail deployment in the UK. These include:

    • The use of UHPC slabs as the core structural element — offering exceptional strength at approximately 100 mm thickness. This enables the construction of the track superstructure without requiring the typical concrete foundation.
    • A digitally integrated construction platform that ensures rapid design adaptation and data capture.
    • A live structural health monitoring system, embedded into the infrastructure, to validate long-term performance in real-world conditions.

    Together, these technologies enable a radically simplified, utility-friendly track form that is scalable and repeatable across various urban contexts.

    Real-Time Monitoring for Long-Term Insights

    The track section has a state-of-the-art, high-frequency structural health monitoring system. This includes strain gauges embedded within the UHPC slabs, asphalt strain gauges, accelerometers, pressure sensors, relative movement sensors, and AI-enabled camera systems.

    This system enables engineers to study the infrastructure’s behaviour under ambient conditions, CVLR vehicle loads, and general road traffic over the short and long term. The data will feed into a digital twin of the track form, allowing predictive modelling, lifecycle assessment, and future specification refinement.

    Digital Construction: Adaptable and Transparent

    Another innovation showcased in this phase is using a digital construction management platform, which enables real-time communication of on-site as-built survey data directly to the design team. This capability has proven essential during milling operations, where conditions such as out-of-spec shallow utilities and historic cobblestone layers require fast redesign and decision-making.

    The platform also generates a high-resolution, fully traceable record of the as-built infrastructure, which can be accessed using augmented reality technologies. This significantly enhances transparency, quality assurance, and long-term asset management.

    Looking Ahead

    Following the completion of construction on the test track, the CVLR vehicle will be brought into Coventry city centre to commence a period of public engagement and trial running on the newly installed infrastructure. These demonstrations will allow stakeholders and the public to experience the system first-hand and provide valuable feedback to inform future development.

    Once the trial runs conclude, the site will be returned to regular highway use, but it will continue to serve as a long-term testbed. Regular road traffic will contribute live loading to the track form, providing essential data to validate the system’s performance over time. This ongoing monitoring is critical to demonstrating the durability and lifecycle behaviour of the CVLR track form under mixed-use conditions.

    The programme will then progress towards delivering the first integrated transport system utilising the CVLR infrastructure, which will be part of the following primary phase. This work is being delivered as part of a dedicated research and development programme fully funded by the Department for Transport (DfT) through the West Midlands Combined Authority (WMCA) to create a scalable and sustainable urban mobility solution for the future.

    MIL OSI United Kingdom

  • MIL-OSI USA: Dingell Statement on Trump FY26 Budget Request

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Dingell Statement on Trump FY26 Budget Request

    Washington, May 2, 2025

    WASHINGTON – Congresswoman Debbie Dingell (MI-06) released the following statement on the Trump Administration’s budget request for fiscal year 2026. 
     
    “Donald Trump promised to lower costs for American families on day one. Not only has he failed to keep that promise, but his proposed budget would weaken our economy, hurt working people, and make Americans less safe, all in exchange for tax cuts for billionaires. His plan would evict hundreds of thousands of seniors, veterans, and people with disabilities from their homes, slash funding for cancer and Alzheimer’s research, gut funding for job training and Small Business Administration programs, and leave communities vulnerable by reducing weather forecasting capabilities, among other outrageous proposals. This budget doesn’t eliminate waste or meet the needs of the American people, it furthers this Administration’s extreme, self-serving agenda.”

    MIL OSI USA News

  • MIL-OSI USA: Dingell Remarks on H.J.Res.88

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    WASHINGTON – Congresswoman Debbie Dingell (MI-06) spoke on the House Floor on H.J.Res.88. Dingell’s remarks, as prepared for delivery, are below.

    See a video of her remarks here.
     
    Thank you, M. Speaker. 
     
    I rise today in opposition to H.J.Res.88.
     
    As a staunch defender of Michigan’s auto industry — the backbone of the American economy — and someone who cares deeply about the environment, I do not take this vote lightly. I have spoken to all the stakeholders involved multiple times.
     
    I believe in preserving consumer choice, maintaining American leadership in innovation, defending the future of domestic manufacturing, and protecting the environment. These are not mutually exclusive.
     
    Michigan, and the United States, put the world on wheels, and now, we are leading the transition to the next generation of vehicles.
     
    We cannot afford to cede that leadership to our adversaries. I will remind my colleagues that it wasn’t that long ago when gasoline prices went up and American consumers wanted smaller cars, Japanese carmakers flooded our market with smaller vehicles, caught our domestic industry flat-footed, and U.S. manufacturers paid the price for a decade. 
     
    We must innovate, adapt, and build vehicles competitively here at home. The global marketplace wants EVs, hybrids, and internal combustion engines.
     
    To lead globally, we must accelerate the manufacturing of cleaner vehicles in a practical, affordable, and inclusive way. That means building out EV charging infrastructure, keeping hybrids and plug-in hybrids available, and ensuring affordability, which is becoming one of the biggest issues in this country. Especially when competing with at least one country where the government subsidizes manufacturing, uses forced labor, and manipulates currency.
     
    We cannot cede our leadership to China or any other country. This also means investing in advanced manufacturing, securing domestic battery supply chains, and protecting the Inflation Reduction Act’s historic EV investments.
     
    California’s Advanced Clean Cars 2 program would impose EV sales mandates across nearly 30 percent of the U.S. market. While that may work for California, it isn’t working in some other states.
     
    Let me be clear: this is not the time to ban gas-powered vehicles. CARB and Governors must be able to adjust these programs if market conditions change. Maryland Governor Wes Moore recently did just that, easing compliance enforcement. 
     
    I share concerns about consumer choice, but this Congressional Review Act resolution has serious legal flaws. The Government Accountability Office and the Senate Parliamentarian both ruled that these waivers are not subject to the CRA. Proceeding sets a dangerous precedent. 
     
    Misusing the CRA today could open the door to striking down a wide range of federal programs tomorrow, including Medicaid waivers, which worries me greatly. I don’t sleep at night on that one. 
     
    We are here today because some states have adopted stricter rules that could ban new gas-powered vehicles by this summer. I support the EV transition, but we are simply not there yet.

    For model year 2026, ACC 2 states would require 35 percent of new car sales to be a mix of electric or hybrid, yet the national average is still around 10 percent. That jumps to 68 percent by 2030 and 100 percent by 2035. For most states, this is not realistic today.
     
    We need all stakeholders at the table — labor, manufacturers, suppliers, dealers, environmental groups, and consumers — to work together for the American people, and figure it out so we stay competitive in a global marketplace, meet consumer demand, take care of the environment, sell affordable cars, and keep manufacturing in this country.
     
    This resolution would be unprecedented federal overreach. While I disagree with California’s timeline, I also disagree with misusing the CRA to address it.
     
    If we’re serious about American leadership, EVs must be in our portfolio. I remain committed to protecting American jobs, expanding consumer choice, and ensuring U.S. leadership in global automotive innovation.
     
    The American people sent us here to solve problems. Let’s stop wasting time on illegitimate messaging CRAs and work together to support innovation, build out the infrastructure, and ensure access to affordable, American-made vehicles — whether gas-powered, hybrid, or electric.
     
    Let’s work together for our country. With that, I will be voting ‘no’.
     
    Thank you, M. Speaker, and I yield back.

    MIL OSI USA News

  • MIL-OSI: Silver Tiger Metals Inc. to Present at the Metals & Mining Virtual Investor Conference May 7th

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, May 06, 2025 (GLOBE NEWSWIRE) — Silver Tiger Metals Inc. (TSXV: SLVR, OTCQX: SLVTF), based in Halifax, Nova Scotia, focused on Developing Production at the El Tigre Silver Mining District in Sonora Mexico, today announced that Glenn Jessome, President & CEO will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 7th.

    DATE: May 7th
    TIME: 1:00 – 1:30 pm ET
    LINK: REGISTER HERE
    Available for 1×1 meetings: May 7th, 8th, and 12th

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    About Silver Tiger and the El Tigre Historic Mine District

    Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. 

    Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023. 

    The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz. 

    Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Silver Tiger Metals Inc.
    Devin Devarennes
    VP Corporate Development & Investor Relations
    902-233-3656
    Devin@silvertigermetals.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network