NewzIntel.com

Category: Economy

  • MIL-OSI Europe: Answer to a written question – Overcoming challenges to Cyprus’s accession to the Schengen area – E-000502/2025(ASW)

    Source: European Parliament

    Already since its accession to the EU, Cyprus has been bound by the Schengen rules. Its gradual integration into the Schengen area without internal frontiers, culminating in a Council decision on lifting checks at the internal borders, is subject to a positive Schengen evaluation[1] and a unanimous decision of the Council .

    Cyprus’ first-time evaluation is ongoing, and the Commission is closely monitoring the progress made by Cyprus in fulfilling the technical Schengen requirements.

    The Commission is aware that Cyprus’ integration into the Schengen area requires due respect to its special situation and the framework applicable in line with Protocol 10[2]. The Commission stands ready to engage in a dialogue with Cyprus on how this can be achieved, including with regard to the Green Line.

    The Commission already provides substantial financial support to Cyprus for border and migration management as well as police cooperation. During the 2021-2027 programming period, more than EUR 292 million[3] have been allocated to Cyprus under the Home Affairs Funds[4].

    This includes measures sustaining the implementation of the Schengen requirements, such as EUR 9.9 million to support digital systems (e.g. the Schengen Information System), EUR 67.7 million for the construction of the new reception and pre-departure centres in Limnes, and EUR 30 million to enhance Cyprus’ surveillance systems at the external sea border.

    • [1] In accordance with Regulation (EU) 2022/922 on the establishment and operation of an evaluation and monitoring mechanism to verify the application of the Schengen acquis, OJ L 160, 15.6.2022, p. 1-27.
    • [2] Act concerning the conditions of accession of the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic and the adjustments to the Treaties on which the European Union is founded — Protocol No 10 on Cyprus; OJ L 236, 23.9.2003, p. 955-955.
    • [3] Under the 2021-2027 programming period, so far more than EUR 90 million have been allocated under the Asylum Migration and Integration Fund programme of Cyprus, EUR 80 million under the Border Management and Visa Policy Instrument programme and EUR 25.6 under the Internal Security Fund. On top of this support EUR 96.4 million have been provided under the Asylum, Migration and Integration Fund directly from the Commission (emergency assistance, union actions for Member States under pressure).
    • [4] This includes the Border Management and Visa Instrument, the Asylum, Migration and Integration Fund and the Internal Security Fund.
    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Financial ties between the European Partnership for Democracy and the controversial, globalist Open Society Foundations of George Soros – E-001442/2025

    Source: European Parliament

    Question for written answer  E-001442/2025
    to the Commission
    Rule 144
    Petr Bystron (ESN)

    The European Partnership for Democracy (EPD), an organisation founded in 2008 and heavily co-financed by the Commission, is a network of multiple organisations which, according to its website, ‘advocates and acts for democratic values around the world’.

    According to the information available in the ‘Our sources of funding’ section, the EPD also receives funds from the controversial Open Society Foundations (OSF), the organisation founded and financed by George Soros, which is known for manipulating public opinion and democratic institutions, undermining national sovereignty and promoting a globalist liberal agenda in the Member States of the EU.

    This connection raises concerns over external influence on domestic politics.

    Given this information, we would like to ask:

    • 1.What is the Commission’s position on the involvement of the OSF in funding organisations such as the EPD?
    • 2.What steps is the Commission taking to ensure that the activities of organisations such as the EPD do not interfere with the democratic processes of sovereign nations?
    • 3.Given the controversial nature of the OSF, how does the Commission justify its support for organisations receiving funding from them, and what safeguards are in place?

    Submitted: 9.4.2025

    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – EU Trust Fund for Africa – 2023 discharge – E-001426/2025

    Source: European Parliament

    Question for written answer  E-001426/2025
    to the Commission
    Rule 144
    Auke Zijlstra (PfE), Marieke Ehlers (PfE)

    In the framework of the 2023 discharge procedure, the Commission recently published its ‘Communication to the European Parliament, the Council and the Court of Auditors; annual accounts of the European Development Fund for the financial year 2023’[1]. We should like to pose the following questions in this connection:

    • 1.According to the Commission, the objectives of the mission are to: ‘contribute to better migration management’ as well as ‘addressing the root causes of… irregular migration’ (p. 62). At the same time, the Commission states that ‘irregular border crossings’ from Tunisia and Libya increased by 50 % in 2023 compared to 2022 and that ‘pressure on the Western Mediterranean and Atlantic routes substantially increased… + 95 % compared to 2022’ (p. 65). Can the Commission please explain how this fits in with ‘better migration management’?
    • 2.According to the Commission ‘420 voluntary returns’ and the ‘reintegration of 509 returning migrants’ took place in 2023 (p. 64). Does the Commission not consider this a meagre result, given that a total of 157 951 ‘irregular migrants’ reached Italy and Malta (page 65)?
    • 3.The Commission states that the EU Trust Fund for Africa has created 11 087 new jobs (p. 64). Can it explain – in broad terms – what type of jobs are concerned and whether they are in the public or private sector?

    Submitted: 8.4.2025

    • [1] COM(2024) 273 final
    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI USA: Chairmen Babin and Cruz Lead Texas Delegation in Support of Relocating NASA Headquarters to Houston

    Source: United States House of Representatives – Representative Brian Babin (R-TX)

    WASHINGTON, D.C. – Today,  U.S. House Science, Space, and Technology Committee Chairman Brian Babin (TX-36) and Chairman Ted Cruz (R-TX) led a bicameral coalition of federal lawmakers representing Texas communities in sending a letter to President Trump urging his administration to move the headquarters for the National Aeronautics and Space Administration (NASA) from Washington, D.C. to the Lyndon B. Johnson Space Center (JSC) in Houston, Texas. The lease for NASA’s current D.C. office expires in 2028.

    In the letter, the lawmakers argue that NASA is disconnected from the day-to-day work of its centers and hindered by bureaucratic micromanagement in Washington, D.C. Houston is well suited for NASA’s headquarters because of JSC’s substantial involvement in nearly everything that makes America a leader in space exploration. JSC maintains the largest NASA workforce, accommodates extensive research and development partnerships, and houses Mission Control, the NASA astronaut corps, and the Lunar Sample Laboratory Facility.

    Additionally, Texas boasts a strong business environment, low government regulation, a robust commercial space sector, and a cost of living that is less than half of the Washington, D.C. area. Moving the NASA headquarters to Texas will create more jobs, save taxpayer dollars, and reinvigorate America’s space agency.

    Joining Sen. Cruz and Rep. Babin in sending the letter are Sen. John Cornyn and Reps. Jodey Arrington, John Carter, Michael Cloud, Dan Crenshaw, Monica De La Cruz, Jake Ellzey, Pat Fallon, Brandon Gill, Craig Goldman, Tony Gonzales, Lance Gooden, Wesley Hunt, Ronny Jackson, Morgan Luttrell, Michael McCaul, Nathaniel Moran, Troy E. Nehls, August Pfluger, Chip Roy, Keith Self, Pete Sessions, Beth Van Duyne, Randy Weber, and Roger Williams.

    As the lawmakers wrote:

    “From its founding in 1958, the National Aeronautics and Space Administration (NASA) has a storied history of exploring new frontiers, making transformational discoveries, and reaching far into the great beyond. However, as NASA’s leadership has languished in our nation’s capital, the core missions of this critical agency are more divided than ever before. This seismic disconnect between NASA’s headquarters and its missions has opened the door to bureaucratic micromanagement and an erosion of centers’ interdependence. For NASA to return to its core mission of excellence in exploration, its headquarters should be located at a place where NASA’s most critical missions are and where transformational leadership from the ground up can be provided. In 2028 the lease for NASA’s current headquarters building in Washington, D.C. expires. We write to urge you to use this opportunity to reinvigorate our national space agency and move NASA’s headquarters from Washington, D.C. to the Lyndon B. Johnson Space Center (JSC) in Houston, Texas.

    “Perhaps no city is more closely linked to America’s space program than ‘Space City.’ Some of the first words spoken on the surface of the moon called out to Houston which is home to numerous aerospace businesses. JSC in particular is the largest home of the NASA workforce, with more than 12,000 employees across its 1,620-acre facility and supporting more than 52,000 public and private jobs. As the pinnacle of human spaceflight development, Houston is home to Mission Control, the NASA astronaut corps, the Lunar Sample Laboratory Facility, commercial space agreements, and extensive research and development partnerships. JSC plays a role in nearly everything that makes America a leader in space exploration.

    “Houston is particularly well suited for NASA’s headquarters due in part to the unique strengths of the city and the state. Texas is the eighth largest economy in the world, with low government regulation and a strong business environment. Houston boasts a cost of living that is less than half that of the Washington, D.C. area ; three ‘R1: Doctoral Universities’ producing the high caliber professionals necessary for human spaceflight; and two major commercial service airports for easy connectivity around the country. In contrast, NASA’s current headquarters in Washington, D.C. is disconnected from the NASA centers across the country and thus much of the day-to-day work. Consolidating greater and greater levels of work and authority in Washington, D.C. has been a decades-long trend, resulting in decision making funneled up to bureaucrats at headquarters rather than empowering scientists and astronauts across the centers. This strategy has separated decision makers from the actual workforce and stands antithetical to NASA’s core function.

    “Relatedly, for the United States to reach the surface of Mars, NASA must rely on a robust commercial space sector. Towards that end, no state offers greater economic and geographic benefits than Texas. The Lone Star State is home to more than 2,000 aerospace, aviation, and defense-related companies, with 18 of the 20 largest aerospace companies based in Texas. Notably, SpaceX relocated their entire company to Texas, establishing the town of Starbase, Texas, to develop, test, and launch SpaceX vehicles. Similarly, Blue Origin develops engines and rockets in West Texas, leading a new generation of spaceflight, and conducts its commercial sub-orbital flights there. Firefly Aerospace, in Cedar Park, recently sent photos of Earth from its Blue Ghost lunar lander on its voyage to explore the surface of the moon. Axiom Space, based in Houston, is building the next generation spacesuit for NASA and a commercial space station to succeed the International Space Station. In addition, the State of Texas recently stood up the Texas Space Commission to promote innovation in space operations and commercial aerospace and to attract commercial space ventures to the state. These are just a few of the ways Texas aerospace companies, projects, and institutions are transforming our nation’s leadership in the space economy.

    “A central location among NASA’s centers and the geographical center of the United States, Houston offers the ideal location for NASA to return to its core mission of space exploration and to do so at a substantially lower operating cost than in Washington, D.C. Therefore, we strongly encourage you to stand shoulder-to-shoulder with the great servants of NASA — who are focused on recommitting America’s space agency to its roots and exploring the final frontier — by relocating NASA’s headquarters from Washington, D.C. to the Johnson Space Center.”

    Read the full text of the letter HERE.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: India poised to become a trusted bridge of global connectivity through India-Middle East-Europe Economic Corridor (IMEC): Shri Piyush Goyal

    Source: Government of India

     India poised to become a trusted bridge of global connectivity through India-Middle East-Europe Economic Corridor (IMEC): Shri Piyush Goyal

    IMEC to reduce logistics costs by up to 30% and transportation time by 40%, boosting global trade: Shri Goyal

    Union Minister of Commerce and Industry Piyush Goyal addresses High-Level Roundtable on IMEC

    Posted On: 16 APR 2025 10:52PM by PIB Delhi

    Union Minister of Commerce and Industry, Shri Piyush Goyal addressed the India-Middle East-Europe Economic Corridor (IMEC) High-Level Roundtable on Connectivity and Economic Growth in New Delhi today.

    Shri Goyal said that the IMEC is a powerful endorsement of the leadership and partnership of India and Middle East and East Europe a very forward and visionary concept that has caught the fancy of the world, he noted.

    The Minister stated that IMEC is not merely a trade route, but a modern-day Silk Route — a partnership of equals — that fosters synergy, connectivity, and inclusive prosperity. “It will bring down logistics costs by up to 30%, reduce transportation time by 40%, and create seamless trade linkages across continents,” he said. “We will not only be linking trade; we will be linking civilizations and cultures — from Southeast Asia to the Gulf, from the Middle East to Central Europe.”

    Highlighting its potential reach, Shri Goyal added that IMEC could even enhance connectivity to Africa through the Middle East. The corridor would include railways, roadways, energy pipelines, and clean energy infrastructure, including undersea cables. “India is already in discussions with Singapore on clean energy transmission. We are also engaged in dialogue with Saudi Arabia and the UAE,” he shared.

    Shri Goyal underscored the corridor’s emphasis on sustainability and digital connectivity. “This initiative respects sovereignty and territorial integrity. It is not about dominance or creating economic unions. It is a partnership built on mutual trust, inclusivity and sustainability,” he said.

    He further outlined five key suggestions as a way forward for the IMEC initiative. First, Shri Goyal stressed the importance of viewing IMEC through the lens of a Public-Private Partnership (PPP). He emphasized that leaving the initiative solely to the government would limit its efficiency and financial viability. Instead, he called for a collaborative model where the private sector leads, bringing to the table its real-world expertise, needs, and innovative capabilities. This approach, he noted, would ensure smarter and more cost-effective planning, as the private sector can propose solutions that reflect practical utility. It would also allow policymakers to think systematically while the private sector introduces flexibility and innovation, ensuring the corridor remains viable, efficient, and sustainable in its execution.

    Second, he highlighted the need to focus on Regulatory Connectivity, going beyond just physical infrastructure. Shri Goyal advocated for greater alignment in trade processes, customs procedures, and paperwork among participating nations. He cited India’s ongoing regulatory collaboration with the UAE as an example and pointed out that successful implementation of the corridor would require seamless cross-border movement without excessive checkpoints. Interoperable systems, digitization, electric vehicle charging ecosystems, and synchronized regulations would be key to unlocking economies of scale. He suggested that common digital payment systems, such as India’s Unified Payments Interface (UPI), could serve as a model for enabling seamless financial transactions. With periodic settlement in globally accepted reserve currencies, such mechanisms could reduce transactional friction and banking costs. He proposed that such innovations, combined with virtual trade corridor frameworks like the India-UAE initiative, could be extended through IMEC. These would support broader agreements such as FTAs with GCC and EU countries and bolster joint work in green hydrogen, renewable energy, and supply chain resilience.

    Third, Shri Goyal underlined the need for Innovative Financing Models to support both the development of the corridor and the trade it will generate. He called for active involvement of multilateral financial agencies and suggested exploring instruments like green bonds and the creation of long-term “IMEC Bonds”, to fund this transcontinental infrastructure in a sustainable and future-proof manner.

    Fourth, he recommended active engagement with industry bodies and trade associations, asserting that their insights are essential for designing a corridor that aligns with the real needs of businesses. Such collaboration would help identify existing bottlenecks, promote best practices, and better integrate economies by removing trade frictions.

    Lastly, Shri Goyal proposed bringing in Think Tanks and Academia to the visioning and design process. These institutions, he noted, bring creativity, research strength, and long-term thinking. Their involvement would support policy advocacy, contribute to out-of-the-box solutions, and assist in capacity-building efforts along the corridor. He called this a well-rounded package of five initiatives that could help IMEC evolve into a robust, viable, and inclusive project. Reiterating India’s clear and committed vision, he said the country is ready to act as a trusted, reliable bridge connecting regions and catalyzing global cooperation, under the guiding spirit of Vasudhaiva Kutumbakam — the world is one family.

    ***

    Abhishek Dayal/ Nihi Sharma/ Ishita Biswas

    (Release ID: 2122299) Visitor Counter : 52

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LOK SABHA SPEAKER OUTLINES ROADMAP FOR VIKSHIT BHARAT 2027, CALLS FOR SUSTAINABLE AND INCLUSIVE MODEL OF DEVELOPMENT

    Source: Government of India

    LOK SABHA SPEAKER OUTLINES ROADMAP FOR VIKSHIT BHARAT 2027, CALLS FOR SUSTAINABLE AND INCLUSIVE MODEL OF DEVELOPMENT

    PRESENT ERA IN INDIA IS AN ERA OF ECONOMIC EMPOWERMENT AND INNOVATION: LOK SABHA SPEAKER

    INDIA’S ‘DEVELOPMENT-ORIENTED POLICIES’ ARE PROVIDING NEW ENERGY TO OUR INDUSTRIES TODAY: LOK SABHA SPEAKER

    PHDCCI IS ACTING AS A STRONG BRIDGE BETWEEN INDUSTRIES AND POLICY MAKERS: LOK SABHA SPEAKER

    LOK SABHA SPEAKER ADDRESSES MEMBERS OF PHD CHAMBER OF COMMERCE AND INDUSTRY IN NEW DELHI

    Posted On: 16 APR 2025 9:56PM by PIB Delhi

    New Delhi; 16 April, 2025: Shri Birla today emphasises that the pillars of industry and commerce occupy a pivotal place in the Indian leadership’s resolute commitment to transforming India into a fully developed nation by the year 2047. To realize this national aspiration, Shri Birla called upon all stakeholders to embrace a model of development that is not only sustainable and enduring, but also inclusive, anchored firmly in the spirit of research, innovation, and forward-thinking enterprise. Addressing at an event to mark at the 120th anniversary of the PHD Chamber of Commerce and Industry in New Delhi today, Shri Birla observed that ‘development-oriented policies’ of the Government of India are providing new energy to our industries today, adding that present era in India is an era of economic empowerment and innovation.

    Outlining the roadmap for ‘Vikshit Bharat 2047’, Lok Sabha Speaker Shri Om Birla said that nation’s trade policy today is deeply rooted in the grand vision of a self-reliant India (Atmanirbhar Bharat) and reflects India’s growing stature on the global stage.

    Shri Birla underlined that contemporary India has emerged as a beacon for global investors—a land where the ease of doing business is not merely an aspiration, but a reality. He noted with pride that India’s remarkable economic resurgence following the global pandemic serves as a source of hope and inspiration for the developing world, showcasing the nation’s resilience and its unwavering march toward inclusive growth and prosperity.

    He observed that flagship programmes such as Make in India, Digital India, Gati Shakti, Bharatmala Pariyojana, Udaan Yojana, and the development of electronic manufacturing clusters are weaving a robust tapestry of industrial and commercial infrastructure across the nation. He further remarked that the simplification of industrial policies, the establishment of a transparent and investor-friendly tax regime, and the adoption of a single-window clearance system have significantly nurtured and emboldened the spirit of entrepreneurship in the country.

    Shri Birla remarked that the nation is swiftly transcending its traditional role as a consumer-driven economy to emerge as a vibrant cradle of innovation and ingenuity. He lauded the transformative contributions of Indian enterprises—especially the dynamic ecosystem of Start-Ups—which, with their fresh perspectives and groundbreaking ideas, are paving the way for sustainable development and propelling India toward becoming a global superpower.

    Shri Birla further highlighted the dawn of a new economic era in India—an era defined by the confluence of cutting-edge technologies such as Artificial Intelligence, Data Analytics, and a surge in innovation-led productivity. This synergy, he noted, is not only driving robust economic growth but also fostering a culture of transparency and efficiency. Turning to the digital revolution sweeping through the nation, Shri Birla drew attention to the phenomenal rise in digital transactions across the commercial landscape. He observed that this digital momentum is ushering in an unprecedented era of economic inclusion—one that is bridging the gap between remote regions and the heart of India’s mainstream economy, thereby illuminating even the most distant corners of the country with the promise of progress and prosperity.

    Shri Birla lauded PHDCCI for acting as a strong bridge between industries and policy makers, bringing forth informed insights and thoughtful recommendations that can guide the Government in crafting forward-looking, responsive policies. Shri Birla appreciated the commendable efforts of PHDCCI in nurturing and empowering the dynamic spirit of Indian women through visionary initiatives such as the Women Entrepreneurship Development Programmes and Networking and Mentoring platforms. These initiatives, he noted, have played a pivotal role in unlocking the vast potential of Nari Shakti, enabling women to emerge as powerful and influential participants in the realms of commerce and industry. He further observed that today, the presence and leadership of women in the economic landscape are no longer exceptions but a growing force that is shaping the future of Indian enterprise. Shri Birla emphasized that institutions like PHDCCI possess an intrinsic understanding of the aspirations, strengths, and challenges of the industrial ecosystem.

    ***

    AM

    (Release ID: 2122281) Visitor Counter : 69

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Conclave on PM Vishwakarma–National SC-ST Hub organised in Baripada, Mayurbhanj, Odisha

    Source: Government of India

    Conclave on PM Vishwakarma–National SC-ST Hub organised in Baripada, Mayurbhanj, Odisha

    Co-chaired by Shri Jitan Ram Manjhi, Union Minister of MSME, and Shri Mohan Charan Majhi, Chief Minister of Odisha.

    An endeavour to promote and empower MSMEs in the State and create synergys

    Posted On: 16 APR 2025 5:53PM by PIB Delhi

    The Ministry of Micro, Small & Medium Enterprises (MSME), Government of India, organised the ‘PM Vishwakarma – National SC-ST Hub Conclave’ on 16 April, 2025, at the Convention Hall, Maharaja Sriram Chandra Bhanja Deo University, Baripada, Mayurbhanj, Odisha.

    The event commenced with the inauguration of an exhibition and brought together stakeholders, beneficiaries, and government officials to highlight key initiatives such as the PM Vishwakarma Scheme and the National SC-ST Hub.

    The Conclave was co-chaired by Shri Jitan Ram Manjhi, Hon’ble Union Minister of MSME, and Shri Mohan Charan Majhi, Hon’ble Chief Minister of Odisha. The dignitaries inaugurated the Conclave with a ribbon-cutting and lamp-lighting ceremony.

     The gathering was also graced by Shri Gokulananda Mallick, Minister of State (Independent Charge), MSME, Fisheries & Animal Resources Development, Govt. of Odisha; Shri Hemant Sharma, Additional Chief Secretary, Industries & MSME Department, Govt. of Odisha; Shri Prakash Soren, Hon’ble MLA, Baripada, Govt. of Odisha; Ms. Mamata Mohanta, Hon’ble MP, Rajya Sabha, Mayurbhanj, Odisha;
    Shri Ganesh Ram Singh Khuntia, Minister of State (IC)Forest, Environment & Climate Change, Labour, Labour & Employees State Insurance, Govt.of Odisha; Dr. Krushna Chandra Mahapatra, Hon’ble Minister, Housing and Urban Development, Public Enterprises, Govt. of Odisha; Shri Naba Charan Majhi, Hon’ble MP, Lok Sabha, Mayurbhanj, Odisha, and other senior officials of the Ministry.

    The conclave began with the welcome address by Dr. Ishita Ganguli Tripathy, ADC, DC(MSME), followed by a welcome address and a presentation on role of Ministry’s Schemes and MSMEs growth in Odisha State by Dr. Rajneesh, AS & DC, DC(MSME). The event featured experience-sharing by beneficiaries of the PM Vishwakarma, PMEGP, and SC-ST Hub initiatives. To empower entrepreneurs, e-certificates were distributed to PM Vishwakarma beneficiaries, along with the distribution of credit cheques. Certificates were also awarded to National SC-ST Hub beneficiaries and PMEGP beneficiaries.
    Shri Jitan Ram Manjhi, Hon’ble Minister for MSME, Government of India, spoke about the significant role the MSME sector playing in job creation and improving livelihoods. He highlighted the importance and role of the PM Vishwakarma and National SC-ST Hub schemes, along with the contributions of the Coir Board and Khadi, in empowering individuals and improving livelihoods.

    “I express my sincere thanks and gratitude to Hon’ble President Smt. Droupadi Murmu, whose guidance has brought me here to Odisha, her region, with the purpose of promoting MSMEs. Our Hon’ble Prime Minister Shri Narendra Modi envisions India becoming a developed nation, and by the year 2027-28, it will become the world’s third-largest economy,” the Hon’ble Minister said.

    Shri Manjhi said, “Prime Minister Narendra Modi gave us a Ministry of a vision — and the Ministry of MSME is truly a ministry of vision. I am 200% sure of this. I feel extremely grateful to be working for the MSME sector. This Ministry is the greatest department, and every entrepreneur aspires to grow through it.”
    “Odisha is doing very well and the MSME sector in the state is progressing impressively. Because of MSME initiatives, today every enterprise is registered on the Udyam Registration Portal. The MSME sector in Odisha will continue to grow through our Ministry’s efforts, contributing to Prime Minister Modi’s vision of a developed India,” he further added.
    Shri Mohan Charan Majhi, Hon’ble Chief Minister of Odisha, highlighted the achievements of the PM Vishwakarma and National SC-ST Hub schemes, and how the people of the state has benefited from the support of the Ministry and its initiatives.

    “PM Vishwakarma is playing a key role in the life of middle class. The Ministry of MSME has given a special focus to Odisha and organised the PM Vishwakarma- National SC-ST Hub Conclave here,” the Hon’ble Chief Minister said.
    Launched on September 17, 2023, the PM Vishwakarma Scheme supports traditional artisans and craftspeople with skill development, financial aid, and toolkits. Meanwhile, the National SC-ST Hub, launched in October 2016, empowers SC/ST entrepreneurs through capacity building, market linkages, and access to technology and credit.

    The MSME sector, comprising over 6.25 crore enterprises and employing 26.7 crore individuals, plays a crucial role in India’s economic development, contributing nearly 30% to GDP and over 45% to exports.

    ***

    SK

    (Release ID: 2122168) Visitor Counter : 74

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Department of Pension and Pensioners’ Welfare conducts review meeting on NPS Oversight Mechanism

    Source: Government of India

    Department of Pension and Pensioners’ Welfare conducts review meeting on NPS Oversight Mechanism

    Ministries/Departments to ensure welfare of NPS employees through National Pension System Oversight Mechanism

    Posted On: 16 APR 2025 6:31PM by PIB Delhi

    Department of Pension and Pensioners’ Welfare (DoPPW) is committed towards the welfare of Central Government pensioners including those covered under National Pension System (NPS). In this regard, third review meeting on the status of setting up of NPS Oversight Mechanism was held under the Chairmanship of Shri V. Srinivas, Secretary (Pension) on 16.04.2025 with the Financial Advisor and the Nodal officers of 11 Ministries/Departments. Representative of M/s Protean have also attended the meeting.

    In the meeting, Secretary (Pension) reviewed and emphasized  upon timely credit of deduction made from the salary of Central Government employees towards their contribution to NPS, as also the applicable contribution of the Central Government, to the NPS financial architecture and redressal of grievances of Central Government employees. Further, Ministries/Departments were requested to constitute NPS oversight Mechanism and hold periodic meetings of the Committee and submit their six monthly report along with timely generation of PRAN and remittance of monthly contribution.

    To ensure better monitoring, DoPPW has developed an online portal with URL https://pensionersportal.gov.in/NPS  for submission of six monthly report.          

    The constant review of the implementation of NPS would enhance timely remittance of fund into NPS architecture and also reduce grievance of employees covered under NPS.

    ***

    NKR/PSM

    (Release ID: 2122189) Visitor Counter : 15

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Police and HKMA remind public to remain vigilant against phishing messages

    Source: Hong Kong Government special administrative region

         Police and the Hong Kong Monetary Authority (HKMA) today (April 16) remind members of the public to remain vigilant against phishing SMS messages purporting to be from Anti-Deception Coordination Centre (ADCC) and the HKMA.

         These messages claim to assist recipients in recovering their frozen assets or payments made to scammers, instructing them to contact bogus law firms, and provide their bank account information or transfer money to specific bank accounts.

         Police and the HKMA reiterate that officers will not contact the members of the public on personal financial matters, nor will they authorise any law firm to assist in recovering fraud losses.

         Police and the HKMA urge the public not to trust any messages, social media pages or advertisements claiming to assist in recovering fraud losses. Before seeking assistance from professionals, it is advised to verify their background and professional qualifications. Information on solicitors can be found on the website of The Law Society of Hong Kong (www.hklawsoc.org.hk).

         The “Registered SMS Sender ID” of the ADCC is “#ADCC18222”. The official SMS messages do not contain any hyperlinks and only provide the “Anti-Scam Helpline 18222”. For enquiries, members of the public may call the 24-hour hotline “Anti-Scam Helpline 18222”. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Video: Last week, we reopened our VOICE Office to help victims of crimes linked to immigration

    Source: United States of America – Federal Government Departments (video statements)

    Last week, we reopened our VOICE Office to help victims of crimes linked to immigration. One of the services will help victims write impact statements.

    Victim impact statements:
    Are submitted to the court for sentencing consideration
    Describe the physical, emotional or financial impact the victim suffered as a result of the crime

    Visit https://www.ICE.gov/voice to learn more.

    https://www.youtube.com/watch?v=A1STWVqfr9c

    MIL OSI Video –

  • MIL-OSI USA: Wicker, Colleagues Send Letter Calling for Reform to Biden AI Diffusion Rule

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker
    WASHINGTON – Last week, U.S. Senator Roger Wicker (R-MS) joined Senator Pete Ricketts (R-NE) in sending a letter to Commerce Secretary Howard Lutnick regarding the Biden administration’s AI Diffusion Rule (AIDR). The letter highlights the need to withdraw Biden’s overly obstructive rule and propose an alternative before the May 15th compliance deadline. Implementing a new standard would help prevent the Chinese Communist Party from taking the lead in this emerging technology by focusing efforts on encouraging American companies to continue being pioneers in artificial intelligence innovation. The letter states:
    “We applaud President Trump’s commitment to ensuring American dominance in the tech sector. Today, we are in an enviable position: American companies dominate in crucial areas that will define tomorrow’s economy including semiconductor design, compute infrastructure, and artificial intelligence (AI). This leadership position has been hard fought. Maintaining and growing our tech lead requires diligently advancing an American-led, global ecosystem around the world.”
    “With the compliance deadline of May 15, 2025, rapidly approaching, immediate action is necessary to prevent irreversible damage to American innovation and competitiveness,” the letter continues. “Every day this rule remains in place, American companies face mounting uncertainty, stalled investments, and the risk of losing critical global partnerships that cannot be easily regained. Therefore, we urge you to withdraw this rule and propose an alternative that is effective in preventing Communist China from capturing the world market in a leading technology without compromising American advantages.”
    The letter was also signed by Senators Thom Tillis (R-NC), Markwayne Mullin (R-OK), Ted Budd (R-NC), Eric Schmitt (R-MO), and Tommy Tuberville (R-AL).
    Read the full letter here or below:  
    Dear Secretary Lutnick:
    We applaud President Trump’s commitment to ensuring American dominance in the tech sector. Today, we are in an enviable position: American companies dominate in crucial areas that will define tomorrow’s economy including semiconductor design, compute infrastructure, and artificial intelligence (AI). This leadership position has been hard fought. Maintaining and growing our tech lead requires diligently advancing an American-led, global ecosystem around the world.
    Concerningly, President Biden’s recently issued Artificial Intelligence Diffusion Rule (AIDR) threatens to undermine this leadership and advancement. Among other things, the rule categorizes countries into three tiers, imposing complex restrictions on the purchase of U.S. technology. Only Tier 1 countries—limited to just 18 nations—would have access to American technology. Even these 18 would only have access if they comply with a burdensome and ever-evolving set of federal regulations. The vast majority of nations fall into Tier 2. These countries face arbitrary purchase limits and a cumbersome licensing process to acquire U.S. computing technologies. Strikingly, key allies and partners like Israel have been inexplicably excluded from the top tier and placed into Tier 2. Tier 3 countries, including Communist China, are already rightly restricted.
    While the AIDR claims to provide secure ecosystems for the responsible diffusion of AI, this rushed midnight rule’s impact and overly broad scope will result in consequences that divorce it from its intent. Fundamentally, the rule places burdensome constraints on U.S. companies that would be difficult to comply with and even harder for the Federal government to enforce. Buyers, particularly in Tier 2 countries that are constrained from purchasing U.S. technology, would be incentivized to turn to Communist China’s unregulated, cheap substitutes. Additionally, technology companies in Tier 2 countries could be motivated to create their own AI technology stack that is outside our export control regime. Neither outcome furthers our nation’s long-term economic and national security goals.
    With the compliance deadline of May 15, 2025, rapidly approaching, immediate action is necessary to prevent irreversible damage to American innovation and competitiveness. Every day this rule remains in place, American companies face mounting uncertainty, stalled investments, and the risk of losing critical global partnerships that cannot be easily regained. Therefore, we urge you to withdraw this rule and propose an alternative that is effective in preventing Communist China from capturing the world market in a leading technology without compromising American advantages.
     

    MIL OSI USA News –

  • MIL-OSI Canada: Lights, camera, Alberta! Boosting cultural industries | Lumières, caméra, Alberta! Stimuler les industries culturelles

    [. This investment will continue the momentum of Alberta’s growing cultural industries by creating jobs and developing skilled local talent.

    Behind the scenes, the Film and Television Tax Credit is revitalizing communities across the province, including communities in rural Alberta. These productions are expected to spend about $1.5 billion in Alberta across a range of industries, generating an estimated gross domestic product of $852 million and supporting more than 14,400 Albertan jobs.

    “Our government’s investment into our cultural industries is putting Alberta on centre stage. By further supporting film, television, music and publishing, we are driving economic growth while sharing our culture and stories – provincially, nationally and internationally.”

    Tanya Fir, Minister of Arts, Culture and Status of Women

    On National Canadian Film Day, our government recognizes how the cultural industries play a starring role in Alberta’s economy. Since 2020, film and television projects supported through the Alberta Media Fund have generated more than $35 million in spending in the province and created more than 450 jobs. From catering to construction supplies, accommodations, local rentals, transportation and more, film and television production strengthens the economy and creates jobs for Albertans in every corner of the province.

    “Our film and television industry is not only a creative force but also a major contributor to Alberta’s economy. Through programs like the Film and Television Tax Credit, we are continually working to respond to industry needs, making sure Alberta remains a top destination for film and television productions.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Budget 2025 also commits $235 million to the Film and Television Tax Credit program over the next three years. The Film and Television Tax Credit program offers tax incentives and makes Alberta an attractive destination for medium- and large-scale productions. Since its inception in 2020, more than 200 productions have leveraged the Film and Television Tax Credit program, with many more on the way.

    “The continuing support of Alberta’s government for the creative economy enables us to attract world-renowned projects, share Alberta’s unique stories with global audiences and drive growth in the province’s economy and job market.”

    Luke Azevedo, CEO, Edmonton Screen

    “I’m proud to see Alberta continuing to build momentum in the film and television industry. There’s a renewed energy and programs here in the province geared to developing new talent and crew. With initiatives and ongoing discussions, I hope for Alberta to stay well-positioned to remain competitive on the global stage while simultaneously developing our own local Canadian talent.”

    Martin Cochingco, professional stunt performer, co-owner of the Stunt Gym

    Alberta’s film and television industry is vital to the province’s economy. The government’s continued investment in the Alberta Media Fund and Film and Television Tax Credit program will support economic growth, create jobs, ensure competitiveness and attract investment.

    Alberta is primed for the limelight, and the government will continue to position the province as a premier destination for the film and television industry.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on strengthening our economy.

    Quick facts

    • More than 60 per cent of all Alberta-made projects filmed or are planning to film in small cities, towns and rural locations across the province, boosting the economy in all corners of Alberta.
    • The Alberta Media Fund supports locally produced books, magazines, music, film and television.
    • The fund allocates $2.6 million for publishing and music, and $5.4 million for film and television.
    • In 2022, cultural industries contributed $2.5 billion to Alberta’s economy and sustained 19,233 jobs in the province (Statistics Canada).
    • The Film and Television Tax Credit program supports medium- and large-scale productions with total production costs of at least $499,999.
    • To date, almost one-third of all productions participating in the Film and Television Tax Credit program did their filming in rural Alberta.

    Related information

    • Alberta Media Production Industries Association
    • Alberta Magazine Publishers Association
    • Book Publishers Association of Alberta
    • Alberta Music

    Related news

    • Movie star treatment for Alberta screen producers | Traitement de vedette pour les producteurs de l’Alberta (Sep 18, 2024)
    • Lights, camera, action for film and television (Jun 7, 2024)
    • Investing in more chapters of Alberta’s stories | Investir dans d’autres chapitres des histoires albertaines (Apr 23, 2024)

    Multimedia

    • Watch the news conference

    Le gouvernement de l’Alberta stimule l’économie en investissant dans les industries culturelles, en braquant les projecteurs sur la province dans les domaines du cinéma, de la télévision, de la musique et de l’édition.

    Le budget de 2025 prévoit un investissement de 8 millions de dollars pour le Fonds des médias de l’Alberta afin de soutenir les secteurs créatifs de la province. Cet investissement permettra de maintenir l’élan des industries culturelles de l’Alberta en créant des emplois et en encourageant les talents locaux qualifiés.

    En coulisses, le crédit d’impôt pour le cinéma et la télévision revitalise les communautés de toute la province, y compris les collectivités rurales de l’Alberta. Ces productions devraient dépenser environ 1,5 milliard de dollars en Alberta dans tout un éventail de secteurs, générant un produit intérieur brut estimé à 852 millions de dollars et soutenant plus de 14 400 emplois albertains.

    « Les investissements de notre gouvernement dans nos industries culturelles permettent à l’Alberta de voler la vedette. En soutenant davantage le cinéma, la télévision, la musique et l’édition, nous stimulons la croissance économique tout en partageant notre culture et nos histoires – à l’échelle provinciale, nationale et internationale. »

    Tanya Fir, ministre des Arts, de la Culture et de la Condition féminine

    À l’occasion de la Journée du cinéma canadien, notre gouvernement reconnaît que les industries culturelles jouent un rôle de premier plan dans l’économie de l’Alberta. Depuis 2020, les projets cinématographiques et télévisuels soutenus par le Fonds des médias de l’Alberta ont généré plus de 35 millions de dollars de dépenses dans la province et ont créé plus de 450 emplois. De la restauration au matériel de construction, en passant par l’hébergement, la location de locaux, le transport et bien d’autres secteurs, la production cinématographique et télévisuelle renforce l’économie et crée des emplois pour les Albertains et les Albertaines partout dans la province.

    « Notre industrie cinématographique et télévisuelle n’est pas seulement une force créatrice, mais aussi un contributeur majeur à l’économie de l’Alberta. Grâce à des programmes tels que le crédit d’impôt pour le cinéma et la télévision, nous nous efforçons constamment de répondre aux besoins de l’industrie et de faire en sorte que l’Alberta reste une destination de choix pour les productions cinématographiques et télévisuelles. »

    Matt Jones, ministre de l’Emploi, de l’Économie et du Commerce

    Le budget de 2025 prévoit également 235 millions de dollars pour le programme de crédit d’impôt pour le cinéma et la télévision au cours des trois prochaines années. Ce programme offre des incitatifs fiscaux et fait de l’Alberta une destination attrayante pour les productions de moyenne et grande envergure. Depuis sa création en 2020, plus de 200 productions ont bénéficié du programme de crédit d’impôt pour le cinéma et la télévision, et de nombreuses autres prévoient leur emboîter le pas.

    « Le soutien continu du gouvernement de l’Alberta aux secteurs créatifs nous permet d’attirer des projets de renommée mondiale, de présenter les histoires uniques de l’Alberta à des publics internationaux et de stimuler la croissance de l’économie et du marché de l’emploi de la province. »

    Luke Azevedo, PDG, Edmonton Screen

    « Je suis fier de voir que l’Alberta continue à se tailler une place dans l’industrie du cinéma et de la télévision. Il y a un regain d’énergie et des programmes ici dans la province qui visent à soutenir de nouveaux talents et de nouvelles équipes. Grâce aux initiatives et aux discussions en cours, j’espère que l’Alberta restera bien positionnée pour rester compétitive sur la scène mondiale tout en développant nos propres talents canadiens. »

    Martin Cochingco, cascadeur professionnel, copropriétaire du Stunt Gym

    L’industrie cinématographique et télévisuelle de l’Alberta est vitale pour l’économie de la province. L’investissement continu du gouvernement dans le Fonds des médias de l’Alberta et le programme de crédit d’impôt pour le cinéma et la télévision soutiendra la croissance économique, créera des emplois, garantira la compétitivité et attirera des investissements.

    L’Alberta est prête pour les feux de la rampe, et le gouvernement continuera à travailler pour que la province demeure une destination de choix pour l’industrie du film et de la télévision.

    Le budget de 2025 s’attaque aux défis auxquels l’Alberta est confrontée en continuant à investir dans l’éducation et la santé, en réduisant les impôts pour les familles et en mettant l’accent sur le renforcement de notre économie.

    En bref

    • Plus de 60 % de tous les projets réalisés en Alberta ont été ou seront tournés dans des petites villes, des villages et des zones rurales de la province, ce qui stimule l’économie dans tous les coins de l’Alberta.
    • Le Fonds des médias de l’Alberta soutient les livres, les magazines, la musique, le cinéma et la télévision produits localement.
    • Le fonds alloue 2,6 millions de dollars à l’édition et à la musique, et 5,4 millions de dollars au cinéma et à la télévision.
    • En 2022, les industries culturelles ont contribué à hauteur de 2,5 milliards de dollars à l’économie de l’Alberta et ont soutenu 19 233 emplois dans la province (Statistique Canada).
    • Le programme de crédit d’impôt pour le cinéma et la télévision soutient les productions de moyenne et grande envergure dont le coût total de production est d’au moins 499 999 $.
    • À ce jour, près d’un tiers des productions participant au programme de crédit d’impôt pour le cinéma et la télévision ont été tournées dans les régions rurales de l’Alberta.

    Informations connexes (en anglais seulement)

    • Alberta Media Production Industries Association
    • Alberta Magazine Publishers Association
    • Book Publishers Association of Alberta
    • Alberta Music

    Actualités connexes

    • Movie star treatment for Alberta screen producers | Traitement de vedette pour les producteurs de l’Alberta (18 septembre 2024)
    • Lights, camera, action for film and television (7 juin 2024)
    • Investing in more chapters of Alberta’s stories | Investir dans d’autres chapitres des histoires albertaines (23 avril 2024)

    Multimédia (en anglais seulement)

    • Regarder la conférence de presse

    MIL OSI Canada News –

  • MIL-OSI: Logansport Financial Corp. Reports Net Earnings for the Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    LOGANSPORT, Ind., April 16, 2025 (GLOBE NEWSWIRE) — Logansport Financial Corp., (OTCBB, LOGN), parent company of Logansport Savings Bank, reported net earnings for the quarter ended March 31, 2025 of $377,000 or $0.61 per diluted share, compared to earnings in 2024 of $268,000 or $0.44 per diluted share. The Dividends paid to shareholders were $0.45 per share in the first quarter of 2025.

    Total loans were $172.3 million on March 31, 2025 compared to loans in 2024 of $168.5 million. Deposits were $229.5 million on March 31, 2025 compared to deposits in 2024 of $194.6 million. Total assets on March 31, 2025 were $266.2 million compared to assets in 2024 of $243.5 million.

    The statements contained in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involves a number of risks and uncertainties. A number of factors could cause results to differ materially from the objectives and estimates expressed in such forward-looking statements. These factors include, but are not limited to, changes in the financial condition of issuers of the Company’s investments and borrowers, changes in economic conditions in the Company’s market area, changes in policies of regulatory agencies, fluctuations in interest rates, demand for loans in the Company’s market area, changes in the position of banking regulators on the adequacy of our allowance for loan losses, and competition, all or some of which could cause actual results to differ materially from historical earnings and those presently anticipated or projected. These factors should be considered in evaluation of any forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements to reflect occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    Logansport Financial Corp.
    Selected Financial Data
    (Dollars in thousands except for share data)
           
         
        3/31/2025 3/31/2024
    		  
           
    Total Assets   $ 266,202 $ 243,484  
           
    Loans receivable, net     172,300   168,491  
    Allowance for loan losses     1,947   2,934  
    Cash and cash equivalents     21,367   2,588  
    Interest Bearing Time Deposits in banks     –   –  
    Securities available for sale     53,820   57,318  
    Federal Home Loan Bank stock     3,150   3,150  
    Deposits     229,461   194,598  
    FHLB borrowings and note payable     15,000   26,136  
    Shareholders’ equity     20,843   20,801  
    Shares Issued and Outstanding     613,153   612,822  
    Nonperforming loans     3,106   545  
    Real Estate Owned     –   –  
           
           
        Three months ended 3/31
          2025   2024  
           
    Interest income   $ 3,442 $ 3,088  
    Interest expense     1,520   1,474  
    Net interest income     1,922   1,614  
    Provision for loan losses     –   –  
    Net interest income after provision     1,922   1,614  
    Gain on sale of loans     53   51  
    Other income     190   240  
    General, admin. & other expense     1,756   1,653  
    Earnings before income taxes     409   252  
    Income tax expense     32   (16 )
    Net earnings   $ 377 $ 268  
    Earnings per share   $0.61 $0.44  
    Weighted avg. shares o/s-diluted     613,153   612,822  

    Contact: Kristie Richey
    Chief Financial Officer
    Phone-574-722-3855
    Fax-574-722-3857

    The MIL Network –

  • MIL-OSI USA: Statement by Acting Chairman Pham on the CFTC’s 50th Anniversary

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. – Commodity Futures Trading Commission Acting Chairman Caroline D. Pham made the following statement on the CFTC’s 50th anniversary:
    “This week marks the Commodity Futures Trading Commission’s golden anniversary. On April 15, 1975, the agency’s first Chairman and Commissioners were sworn in, launching the current iteration of our agency while continuing our proud tradition of a principles-based approach to oversee markets that are critical to empowering American growers, producers, merchants, and other commercial end-users to mitigate risk and drive U.S. economic growth.
    “For the past half-century, the CFTC has stood on the cutting edge of innovation in both new products and new markets, flexibly adapting to evolving opportunities, challenges, and technologies impacting the derivatives markets that underpin the real economy and global trade.
    “Throughout our history, the CFTC has both proudly led the way and set the standard for global derivatives markets. That’s a testament to our talented and expert staff. Their continued dedication to our mission to promote market integrity, responsible innovation, and fair competition in our markets is essential to the success of American ingenuity and our leadership in the global economy. I’m confident that the CFTC will continue to deliver for the American people and this great Nation with excellence.
    “I’m optimistic about what we can accomplish together and what the next 50 years has in store.”

    MIL OSI USA News –

  • MIL-OSI USA: Protecting the World’s 5th Largest Economy: Attorney General Bonta, Governor Newsom Sue Trump Administration Over Unlawful Imposition of Tariffs

    Source: US State of California Department of Justice

    Tariffs threaten California’s economy, people, small businesses 

    STANISLAUS COUNTY — California Attorney General Rob Bonta and Governor Gavin Newsom today filed a lawsuit challenging President Trump’s unlawful use of power to impose tariffs and direct the Department of Homeland Security (DHS) and Customs and Border Patrol (CPB) to implement and enforce those tariffs without the consent of Congress. Since early February, the Trump Administration has issued over a dozen executive orders under the International Emergency Economic Powers Act of 1977 (IEEPA) to impose tariffs that have sent shockwaves through financial markets, businesses, and consumers in every corner of the globe. In the lawsuit today, Attorney General Bonta and Governor Newsom challenge the President’s use of the IEEPA to levy those tariffs, arguing that the IEEPA does not authorize the President to impose these tariffs. The emergency tariffs challenged under the lawsuit are projected to, at a minimum, shrink the U.S. economy by $100 billion annually, increase inflation by 1.3%, and cost the average American family $2,100. The economic impact of the President’s unlawful tariffs could have resounding impacts on California’s economy, budget, and consumers. California is a significant and frequent purchaser of goods impacted by the tariffs and the projected increase in cost to the state is significant. 

    “The President’s chaotic and haphazard implementation of tariffs is not only deeply troubling, it’s illegal. As the fifth largest economy in the world, California understands global trade policy is not just a game,” said Attorney General Rob Bonta. “Californians are bracing for fallout from the impact of the President’s choices — from farmers in the Central Valley, to small businesses in Sacramento, and worried families at the kitchen table — this game the President is playing has very real consequences for Californians across our state. I am proud to go to bat alongside Governor Newsom to fight for California’s vibrant economy, businesses, and residents.” 

    “President Trump’s unlawful tariffs are wreaking chaos on California families, businesses, and our economy — driving up prices and threatening jobs,” said Governor Gavin Newsom.“We’re standing up for American families who can’t afford to let the chaos continue.”

    California is the nation’s largest importer and second-largest exporter. The President’s tariffs will impact California’s businesses, including its ports and small businesses that rely on trade. California’s agricultural sector, which exports goods around the world, will also face particularized challenges as other countries impose retaliatory tariffs and decrease trade in response to President Trump’s tariffs. Furthermore, the tariffs directly harm California’s ability to contract, purchase, and sell goods. These effects are already too real: vendors who contract with California have indicated that they will pass their increased costs from President Trump’s tariffs on to the state directly.  

    Claiming authority under the IEEPA, President Trump has issued multiple executive orders to impose, pause, re-start, and modify 25% tariffs on Mexico and Canada and a universal 10% tariff on every other U.S. trading partner. Separately and in addition, the President’s actions have goaded China into a full-blown trade war, with tariffs reaching 145% on Chinese goods, and China imposing reciprocal 125% tariffs on U.S. goods. Additionally, President Trump has imposed individualized reciprocal tariffs of up to 50% on nearly 90 specific countries; they are currently paused for 90 days before going into effect. Once the 90-day “pause” expires, the harms will only compound further. And new tariffs are being contemplated or announced nearly every day. 

    To justify his tariffs, the President has declared national emergencies and extended prior declared emergencies beyond the bounds of reason. But with or without emergencies, the President does not have the power to levy tariffs under the IEEPA.   

    The impacts of President Trump’s dizzying array of tariff plans have already wreaked havoc on our financial systems: the U.S. stock market suffered the largest two-day loss in its history in the two days following the announcement of President Trump’s most sweeping tariffs. These actions and the near-daily threats to impose new tariffs have already inflicted and continue to inflict serious financial harms on California. 

    The complaint filed today alleges that the Constitution expressly gives the authority to impose tariffs to Congress, not the President, and the IEEPA does not provide the required congressional authorization for President Trump to impose tariffs — Congress enacted the IEEPA to limit Presidential authority and to prevent Presidential abuse of power — not to give the President these powers. The complaint asks the court to declare that tariff orders made under the purported authority of the IEEPA are unlawful and void and to halt DHS and CPB from implementing and enforcing these orders.  

    A copy of the complaint is available here. 

    MIL OSI USA News –

  • MIL-OSI: SECU Foundation Grants $500,000 to Raleigh Rescue Mission for New Campus to Help Address Homelessness

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., April 16, 2025 (GLOBE NEWSWIRE) — SECU Foundation has awarded a $500,000 challenge grant to Raleigh Rescue Mission (RRM) to support the non-profit’s construction of a new campus in Knightdale for women and children experiencing homelessness. The future 100-room facility will provide long-term transitional housing for up to 350 women and children as well as a child development center.

    RRM provides comprehensive services to help homeless individuals gain stability and self-sufficiency. They report that 84% of their clients find employment at the conclusion of their program. Currently, RRM is able to assist 120 individuals in its Raleigh location and serve 18 families in transitional apartments. Their capacity to help Wake and surrounding counties will expand significantly with two campuses, allowing them to serve an additional 600 women and 200 men annually.

    “We are pleased to support Raleigh Rescue Mission’s new campus,” said SECU Foundation Board Chair Chris Ayers. “Homelessness in Wake County continues to increase each year, making the need for services and housing that much more important. We look forward to seeing the positive impacts this facility will have on individuals and families as RRM expands their work to help even more people rebuild their lives and make our collective communities stronger.”

    “More than 1,600 people call Raleigh Rescue Mission each year, seeking shelter, stability, and hope,” said RRM CEO John Luckett. “The original downtown facility can only provide 100 beds per night, forcing RRM to turn away more than 90% of those who reach out. Thanks to generous donors like SECU Foundation, RRM’s second campus, The Garden, will change lives on an unprecedented scale. This new, purpose-designed campus for women and children will triple the nightly capacity, empower 600-900 women and children annually regain independence, and preserve and expand the downtown location for men, increasing capacity and enabling 300-360 men per year to rebuild their lives. This is more than a building—it’s a transformational leap forward in how RRM serves those in need.”

    About SECU and SECU Foundation
    A not-for-profit financial cooperative owned by its members, and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 87 years. SECU is the second largest credit union in the United States with $53 billion in assets. It serves more than 2.8 million members through 275 branch offices, 1,100 ATMs, Member Services Support via phone, www.ncsecu.org, and the SECU Mobile App. The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, healthcare, and human services. Since 2004, SECU Foundation has made a collective financial commitment of over $300 million for initiatives to benefit North Carolinians statewide.

    Contact: Jama Campbell, Executive Director, secufoundation@ncsecu.org

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d06a77a-17bc-44ea-b84d-08ec8a17e403

    The MIL Network –

  • MIL-OSI USA: Higgins, Carter Introduce Legislation to Combat Contaminated Seafood

    Source: United States House of Representatives – Congressman Clay Higgins (R-LA)

    WASHINGTON, D.C. – Congressman Clay Higgins (R-LA) and Congressman Troy A. Carter, Sr. (D-LA) introduced H.R. 2715, the Destruction of Hazardous Imports Act, which grants the Food and Drug Administration (FDA) authority to destroy imported products that pose a significant public health concern.

    This legislation would ensure that contaminated seafood imports don’t reach American consumers and cause harm. The bill grants the FDA additional authority to destroy food products that don’t pass initial inspection, which prevents importers from port shopping their products.

    The FDA protects public health by ensuring the safety, efficacy, and security of food, medicine, and medical devices. Under current rules, the FDA has the jurisdiction to destroy any imported medical devices and medications that pose a health risk to the public. However, this authority does not extend to imported food products that fail to meet U.S. health and safety standards. Foreign entities routinely violate FDA standards by contaminating seafood imports with harmful chemicals that pose a significant health risk.

    “Billions of pounds of uninspected seafood continue to enter our country, causing major health concerns,” said Congressman Higgins. “We must prioritize the health and safety of the American people by holding foreign shipments to the same high standards that our U.S. producers face. In my opinion, foreign products don’t even come close to the quality of Louisiana seafood. This legislation provides the FDA with the authority to destroy illegal seafood imports and ensures that contaminated products don’t reach American markets.”

    “This legislation will protect Louisiana’s health and support our seafood economy. By granting the FDA the necessary authority to destroy food products that fail to meet our strict health and safety standards, we are closing a dangerous loophole that has allowed contaminated seafood to enter our markets. This bill protects consumers from potential health risks and upholds the integrity of our food supply chain, while supporting Louisiana fishermen and seafood processors,” said Congressman Troy A. Carter, Sr. (LA-02).

    “Imported shrimp and seafood products that are potentially dangerous for consumers need to be destroyed,” said John Williams, executive director of the Southern Shrimp Alliance. “Giving these products back to the foreign shipper does little to incentivize them to address safety problems before shipping products to this country. We thank Representatives Higgins and Carter for leading a bipartisan effort to eliminate a ridiculous limitation on the FDA’s authority and improve the safety of this country’s food supply.”

    Read the legislation here.

     

    MIL OSI USA News –

  • MIL-OSI USA: Governor Polis and Northern Colorado Manufacturers Discuss Devastating Impacts of Trump Tariff Tax

    Source: US State of Colorado

    LOVELAND – Today, Governor Polis met with manufacturers in Northern Colorado at a roundtable hosted by the Northern Colorado Manufacturing Sector Partnership, to discuss the devastating impacts of Trump’s tariff taxes on the industry and economy. The Governor was joined by more than 35 manufacturers and 30 industry partners. 

    “Today, I heard from Colorado manufacturers who were crystal clear: Trump’s tariff tax increase is bad for our economy, could shutter businesses, and will destroy good-paying jobs, all while raising costs on hardworking Coloradans. The ongoing uncertainty of tariffs being flipped on and off at the whim of the President will continue to worsen the recession and stifle investment. If the President truly cares about American manufacturing, he must ditch these failed tariffs that have already done damage to our economy that could last years,” said Colorado Governor Jared Polis. 

    “The uncertainty of the tariff implementation is making it challenging as we are hearing mixed signals and anxiety from our clients in the electronics industry. We are seeing an uptick in activity to onshore projects from China as our clients are searching for certainty in managing their product costs. We are also watching for early signals of recession due to inflation and economic slowdown, but we are not observing this so far as our production backlog of orders remains strong,” said John Sage, President of Vergent Products. 

    “America’s workforce is among the most educated and capable in the world—we shouldn’t be using that talent to make low-margin consumer goods like toasters. Instead, we should focus on manufacturing the high-value industrial technologies the world needs to modernize its energy systems. That’s how we build resilient supply chains, strong wages, and durable American leadership in the global economy,” said Addison Stark, AtmosZero CEO. 

    Last week, after President Trump nearly started a global trade war and then went back on his threats to enact further tariffs that would raise costs on Americans, Governor Polis urged President Trump to let his failed tariff tax policy go away for good. 

    ###

    MIL OSI USA News –

  • MIL-OSI Global: The gap between wages and housing prices is widening, fuelling the affordability crisis

    Source: The Conversation – Canada – By Patrick Michael Condon, Professor and UBC James Taylor Chair in Landscape and Livable Environments., University of British Columbia

    Racial disparities played a significant role in shaping unequal COVID-19 mortality rates. What is less widely understood is how overcrowded housing conditions were an even deadlier variable.

    In California’s Bay Area, for instance, residents of overcrowded apartments — many of them recent immigrants — were found to be significantly more likely to die from COVID-19 than residents of demographically similar, but less crowded, apartments.

    ‘Broken City: Land Speculation, Inequality, and Urban Crisis’ by Patrick M. Condon.
    (UBC Press)

    Even less examined is the root cause of this overcrowding. Overcrowding is not just a matter of zoning or population growth, but something more systemic and difficult to confront: the speculative financial forces acting on the land beneath our feet.

    Urban land is now assessed by people not for its consumption value for a home but for its ability to hold and increase in cash value — in other words, its “speculative value.”

    My recent book, Broken City, paints a picture of how the same market logics that defined the Gilded Age of the late 19th century have quietly returned in our own century, with similarly corrosive consequences for urban life.

    Echoes of the Gilded Age

    A growing share of average workers’ incomes is being swallowed up by housing costs, often for homes that fail to meet their basic needs. This is not the result of natural scarcity, but mechanical economic processes that inform the price of urban land.

    We now find ourselves in circumstances uncomfortably close to those of Victorian England or Gilded Age America, when mass migrations to urban centres were driven by the need for jobs.



    Read more:
    What’s behind Canada’s housing crisis? Experts break down the different factors at play

    Back then, as now, a small number of urban landowners were able to extract enormous wealth — what political economist Henry George called the unearned increment — from the labour of others by virtue of owning the right patch of ground.

    A portrait photograph of Henry George, taken after 1885.
    (Wikimedia Commons)

    The demands for the unearned increment, George explained, was only limited by how much a region’s wage-earners and entrepreneurs collectively produced. Almost all of that value eventually went into land price.

    Today, we appear to be experiencing the same phenomenon. The social and epidemiological pressures produced by inflated land prices are no longer confined to historically marginalized racial or ethnic groups.

    As my book explains, millennials and Gen Xers, who are increasingly working service-sector jobs that dominate today’s economy, especially in countries like Canada and the U.S., are facing housing pressures once reserved only for the poor.

    In short, housing precarity has gone mainstream.

    Skyrocketing land prices

    At the heart of the housing crisis lies a deeper problem: runaway urban land prices are not just a crisis of housing affordability, but a problem of equitable urban design. They are eroding our political capacity to solve many urban problems.

    The same inflated land values that burden tenants and aspiring homeowners also restrict what cities can do to address housing and transportation needs, whether through planning, taxation or direct provision.

    Urban land prices are spiralling due to the collision of two long-term trends. First, the global economy has shifted from being primarily driven by wages earned through labour to one dominated by returns on assets. Urban land is now the single largest category of fixed capital asset in the world.

    Second, this asset-driven economy has widened the gap between wages and home prices, and helped drive the explosion in inequality. Housing has become the primary site where that inequality is expressed.

    Public frustration over this yawning gap between stagnant incomes and sky-high housing costs has erupted into political conflict. Many now blame local governments and planning regulations for blocking the supply of new homes. If only we could build more, they argue, prices would fall.

    But the evidence tells a different story. Take Vancouver, a city that has tripled its housing stock since the 1960s, largely through infill development. If the supply theory held true, Vancouver should be the most affordable city in North America. Instead, it is the least affordable.

    A landmark study published in March by the National Bureau of Economic Research found that supply constraints didn’t explain rising housing prices or housing growth across American cities. In other words, building more housing isn’t enough to bring down prices.

    A path out of the housing crisis

    My book offers several solutions and examples for how cities can reclaim land wealth for the common good.

    One promising approach lies in tying new housing approvals to affordability requirements. This policy framework — known as inclusionary zoning — requires developers to include a certain number of permanently affordable units as a condition for increased density.

    Without such requirements, upzoning — meaning increasing the maximum building size the city authorizes for a parcel — can inflate the value of land, rewarding speculation and driving prices further out of reach.

    Examples of effective inclusionary zoning abound. In Cambridge, Mass., an affordable housing overlay mandates 100 per cent affordability in exchange for permission to double density across the city. In Vancouver, new legislation related to inclusive zoning was introduced in 2024 and a development tax on new high-density projects has helped finance non-market housing directly.

    The path forward is not mysterious. But it does require confronting the truth that the housing crisis is not the result of broken systems — but of a speculative financial systems working exactly as designed.

    Patrick Michael Condon 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. The gap between wages and housing prices is widening, fuelling the affordability crisis – https://theconversation.com/the-gap-between-wages-and-housing-prices-is-widening-fuelling-the-affordability-crisis-252157

    MIL OSI – Global Reports –

  • MIL-OSI Economics: Preview upcoming Dynamics 365 features at Microsoft Business Applications Launch Event

    Source: Microsoft

    Headline: Preview upcoming Dynamics 365 features at Microsoft Business Applications Launch Event

    Adaptation and change are the only constants in business—and the pace is accelerating. To thrive, your business needs the right tools, from AI-powered insights to low-code solutions, designed to help you adapt faster, enhance customer experiences, and boost efficiency.

    Register for the Microsoft Business Applications Launch Event.

    Join us on Wednesday, April 30, 2025, for the Microsoft Business Applications Launch Event, an exclusive first look at groundbreaking innovations coming to Microsoft Dynamics 365, Microsoft Power Platform, and Microsoft Copilot Studio. See firsthand how these new technologies empower your organization to proactively navigate changes and seize new opportunities.

    Event highlights include:

    • Live demonstrations of the latest updates in Dynamics 365, Microsoft Power Platform, and Copilot Studio.
    • Insights from Microsoft leaders on transforming CRM and ERP systems with agents to drive customer experiences and operational agility.
    • Real-world success stories from organizations using Dynamics 365 and Microsoft Power Platform.
    • Interactive Q&A session with product experts.

    During the event you will gain in-depth insights into how customers are adopting what’s new in Dynamics 365 and Microsoft Power Platform.

    Microsoft Dynamics 365 Sales:

    • AI-powered Microsoft Copilot and agents to boost seller productivity
    • Automated research, proactive follow-ups, and prioritized actions
    • Streamlined, intuitive user experiences designed to help sellers close deals faster

    See Dynamics 365 Sales 2025 release wave 1 in action for more.

    Microsoft Dynamics 365 Customer Service:

    • AI-enhanced case and knowledge management with intelligent routing
    • Extended Copilot capabilities for improved productivity
    • Microsoft Dynamics 365 Contact Center enhancements for effortless self-service and faster issue resolution

    See Dynamics 365 Contact Center 2025 release wave 1 in action for more.

    Microsoft Dynamics 365 Finance:

    • Copilot-first experiences streamlining complex tax and compliance management
    • Automated account and bank reconciliations using intelligent agents
    • Advanced analytics and planning tools to drive smarter financial decisions

    See Dynamics 365 Finance 2025 release wave 1 in action for more.

    Microsoft Dynamics 365 Supply Chain Management:

    • Integrated AI, analytics, and automation for improved operational efficiency
    • Enhanced supplier communication and demand planning accuracy
    • Intelligent manufacturing features aligning production data to real-world processes

    See Dynamics 365 Supply Chain Management release wave 1 2025 in action for more.

    Copilot Studio:

    • Create custom autonomous agents tailored to your specific business needs
    • Extend Microsoft 365 Copilot with new embedded capabilities
    • Connect with new conversational channels, including WhatsApp and SharePoint

    See Power Automate 2025 release wave 1 in action for more.

    Catch the wave—Register today

    The Microsoft Business Applications Launch Event streams live on Wednesday, April 30, 2025, starting at 9 AM PST and will also be available on-demand. Register now to stay updated and get helpful resources ahead of the event.

    Microsoft Business Applications Launch Event

    Join us on Wednesday, April 30, 2025.

    MIL OSI Economics –

  • MIL-OSI: NOTICE OF ANNUAL GENERAL MEETING IN TERRANET AB

    Source: GlobeNewswire (MIL-OSI)

    N.B. THIS ENGLISH TEXT IS AN UNOFFICIAL TRANSLATION OF THE SWEDISH ORIGINAL OF THE NOTICE TO ATTEND THE EXTRAORDINARY GENERAL MEETING IN TERRANET AB, AND IN CASE OF ANY DISCREPANCIES BETWEEN THE SWEDISH AND THE ENGLISH TRANSLATION, THE SWEDISH TEXT SHALL PREVAIL.

    The shareholders of Terranet AB, reg. no. 556707-2128, (the “Company“) are hereby invited to the Annual General Meeting on 23 May 2025 at 14.00 at Mobilvägen 12, Bricks building, room “Oktagonen”, Lund. Registration will commence at 13.45 p.m.

    ELIGIBILITY AND REGISTRATION

    Shareholders who wish to attend the General Meeting shall

    • be entered in the share register maintained by Euroclear Sweden AB on 15 May 2025,
    • notify the Company no later than 19 May 2025 of their intention to attend the meeting by e-mail to pal.eriksson@terranet.se or by mail to the Company at Mobilvägen 10, SE-223 62 Lund, Sweden, and mark the envelope with “Annual General Meeting 2025”. When giving notice of attendance, shareholders must state their name, personal or corporate identity number, address, and telephone number and, where applicable, information about assistants (maximum 2).

    NOMINEE-REGISTERED SHARES

    Shareholders whose shares are registered in the name of a nominee must have their shares registered in their own name in order to be entitled to attend the AGM. Such registration may be temporary (so-called voting rights registration) and is requested from the nominee according to the nominee’s procedures. Voting rights registrations that have been completed (registered with Euroclear Sweden AB) no later than 19 May 2025 are taken into account in the preparation of the share register.

    PROXY

    Shareholders represented by proxy shall issue a written power of attorney for the proxy, signed and dated by the shareholder. The period of validity of the power of attorney may not exceed five years if specifically stated. If no period of validity is specified, the power of attorney shall be valid for a maximum of one year. If the power of attorney is issued by a legal entity, a copy of the certificate of registration or equivalent for the legal entity must be attached. A copy of the power of attorney and any registration certificate should be sent by letter or e-mail to the Company at the above addresses in good time before the meeting. Furthermore, the original power of attorney must be brought to the meeting. A proxy form is available on the Company’s website (www.terranet.se) no later than three weeks before the meeting.

    PROPOSED AGENDA

    1.   Opening of the meeting
    2.   Election of Chairman
    3.   Establishing and approval of the voting list
    4.   Election of one or more persons to verify the minutes
    5.   Examination of whether the meeting has been duly convened
    6.   Approval of the agenda
    7.   Presentation of the annual accounts and the auditors’ report as well as the consolidated accounts and the consolidated auditors’ report
    8.   Decision on
    a)  Adoption of the income statement and balance sheet and the consolidated income statement and consolidated balance sheet
    b)  Allocation of the Company’s profit or loss according to the adopted balance sheet and the adopted consolidated balance sheet
    c)  Discharge from liability of the members of the Board of Directors and the Managing Director
    9.   Resolution on the determination of the number of members of the Board of Directors and
    10.   Resolution on the determination of the remuneration of the Board of Directors and auditors
    11.   Election of the Board of Directors, auditors and any deputies
    12.   Resolution to amend the articles of association
    13.   Resolution on approval of the Board of Directors’ decision of 16 April 2025 on a directed issue of units
    14.   Resolution to approve the Board of Directors’ decision of 16 April 2025 on a rights issue of units
    15.   Resolution on authorisation for the Board of Directors to resolve on new issues of shares, warrants and/or convertibles
    16.   Resolution authorising the Board of Directors to make minor adjustments to the resolutions adopted by the General Meeting
    17.   Closure of the meeting

    PROPOSAL FOR A DECISION BY THE NOMINATION COMMITTEE

    Prior to the Annual General Meeting of the Company, the Nomination Committee was established by the Chairman of the Board of Directors contacting the shareholders who, as of August 31, 2024, were the three largest shareholders in the Company, who each appointed one member to the Nomination Committee.

    Prior to the 2025 AGM, the Nomination Committee consisted of Julian Aleksov, Chairman of the Nomination Committee, appointed by Maida Vale Capital AB and Oliver Aleksov, Michael Knutsson, appointed by Knutsson Holdings AB, and Torgny Hellström, Chairman of the Board of Terranet AB. The members are appointed by shareholders who, as of March 31, 2025, together represented approximately 13.09 percent of the voting rights for all shares in the Company. The Nomination Committee proposes the following.

    Item 2 – Election of the Chairman

    The Nomination Committee proposes that attorney Mark Falkner of Eversheds Sutherland Advokatbyrå AB be elected Chairman and keeper of the minutes of the Annual General Meeting or, if he is prevented from attending, the person he designates.

    Item 9 – Determination of the number of Board members and auditors

    The Nomination Committee proposes that the Board of Directors shall consist of five (5) members without deputies.

    The Nomination Committee further proposes that the Company shall have a registered accounting firm as auditor.

    Item 10 – Determination of fees for the Board of Directors and auditors

    The Nomination Committee proposes that a fee of SEK 185,000 shall be paid to each of the Board members elected by the AGM who are not employed by the Company or the Group and SEK 495,000 to the Chairman of the Board.

    The Nomination Committee proposes that a fee of SEK 27,500 shall be paid to each of the members of the Remuneration Committee (maximum three members). The Nomination Committee further proposes that a fee of SEK 65,000 shall be paid to each of the members of the Audit Committee (maximum two members) and that a fee of SEK 110,000 shall be paid to the Chairman of the Audit Committee.

    The auditor’s fees shall be paid according to approved invoices.

    Item 11 – Election of the Board of Directors, auditors and any deputies
    The Nomination Committee proposes that Torgny Hellström, Anders Blom, Magnus Edman and Mats Fägerhag be re-elected as ordinary Board members. Furthermore, it is proposed that Uwe Brandenburg be elected as an ordinary Board member. Nils Wollny and Tarek Shoeb have declined re-election. Torgny Hellström is proposed to be re-elected as Chairman of the Board.

    Uwe Brandenburg, born 1966        
    Uwe Brandenburg, a German citizen, holds a bachelor’s degree in telecommunications technology and is Chief Technology Officer for Automotive and Manufacturing at DXC Luxoft.        

    Uwe has worked 30 years in senior positions in the automotive, telecommunications and semiconductor industries. He has been ADAS CTO and Global Engineering Head at Valeo, Global Head for Camera and Radar Development at Continental and ADAS Engineering Director Europe at Autoliv. Autoliv, Continental and Valeo are all three major suppliers to the automotive industry.

    The Nomination Committee further proposes re-election of the registered accounting firm Ernst & Young Aktiebolag (“E&Y”) as the Company’s auditor for the period until the end of the Annual General Meeting 2026. E&Y has notified that the authorised public accountant Martin Henriksson will continue to be the auditor in charge.

    THE BOARD’S PROPOSAL FOR A DECISION

    Item 8b – Resolution regarding allocation of the Company’s profit or loss according to the adopted balance sheet and the adopted consolidated balance sheet

    The Board of Directors proposes that all funds available to the Annual General Meeting be carried forward.
    Item 12 – Resolution on amendment of the Articles of Association

    The Board of Directors proposes that the Annual General Meeting resolves to amend the Articles of Association as set out below.        

    Current wording Proposed wording
    § 4 Share capital

    The share capital shall be not less than SEK 3 300 000 and not more than SEK 13 200 000.

    		 § 4 Share capital

    The share capital shall be not less than SEK 14,500,000 and not more than SEK 58,000,000.
    § 5 Number of shares

    The number of shares shall be not less than 330 000 000 and not more than 1 320 000 000.

    		 § 5 Number of shares

    The number of shares shall be not less than 1,450,000,000 and not more than 5,800,000,000.

    The CEO, or the person appointed by the Board of Directors, shall be entitled to make any minor adjustments that may be required in connection with the registration of the resolution with the Swedish Companies Registration Office. In the event that the share capital or the number of shares after registration of the directed issue and/or the rights issue under items 13 and 14, respectively, on the agenda falls below the proposed limits in the articles of association, the limits shall be adjusted to the extent necessary to enable registration.        
    The resolution under this paragraph shall be valid only if supported by shareholders holding not less than two-thirds (2/3) of both the votes cast and the shares represented at the meeting.

    Item 13 – Resolution on approval of the Board of Directors’ resolution of 16 April 2025 on a directed share issue

    The board of directors proposes that the general meeting resolves to approve the board of directors’ resolution of 16 April 2025 on a new issue of up to 5,461,210 units (the “Directed Issue“). The resolution shall otherwise be subject to the following conditions.

    1.        The new shares of Series B and warrants shall be issued in units. Each unit shall contain 33 shares of Series B and five (5) warrants of series TO9 B.

    2.        The Company’s share capital may be increased by a maximum of SEK 1,802,199.30 through the issue of a maximum of 180,219,930 shares of series B. A maximum of 27,306,050 warrants of series TO9 B shall be issued, entailing an increase in the share capital upon full exercise by a maximum of SEK 273,060.50.

    3.        The right to subscribe for shares in the Directed Issue shall, with deviation from the shareholders’ preferential rights, be granted to a number of pre-announced investors, existing shareholders and members of the Company’s management and board of directors. Prior to the decision on the Directed Issue, the Board of Directors has carefully investigated and considered alternative financing options, including raising capital solely through a rights issue. However, after an overall assessment and taking into account that a directed share issue allows the Company to raise capital earlier, the Board of Directors considers that new share issues carried out with deviation from the shareholders’ preferential rights in combination with a rights issue is a more favourable option for the Company and the Company’s shareholders than a rights issue alone. The Company is in an important phase and has a need for financing to ensure the Company’s long-term operations. It is therefore the Board of Directors’ assessment that a directed issue is the most appropriate financing solution given the current market conditions and the Company’s capital needs and that it is in the interest of all shareholders to carry out the Second Directed Issue.        

    4.        The subscription price per unit amounts to SEK 2.97, corresponding to a subscription price per B-share of SEK 0.09. The subscription price in the Directed Issue has been determined after negotiations with the subscribers and corresponds to a premium of approximately four percent in relation to the volume-weighted average price of the Company’s share on Nasdaq First North Premier Growth Market during the period 7 April 2025 up to and including 11 April 2025 and is considered by the Board of Directors to be on market terms. The subscription price also corresponds to the subscription price in the Rights Issue, which the Board of Directors decided on 16 April 2025. The share premium shall be added to the unrestricted share premium reserve.

    5.        Subscription can only be made in units and thus not of shares and warrants separately. Allotment may only take place in units. However, after the completion of the issue, the shares and warrants will be separated.

    6.        Subscription shall be made on a separate subscription list on the day of the unit issue. However, the board of directors is entitled to postpone the last day for subscription.        

    7.        Payment shall be made within three (3) banking days of the date on which the General Meeting approves the decision of the Board of Directors. However, the Board of Directors is entitled to postpone the final date for payment.        

    8.        Each warrant of series TO9 B entitles the holder to subscribe for one (1) Class B share at a subscription price corresponding to SEK 0.18. The subscription price may not be less than the share’s quota value applicable at any given time. Subscription for new shares by exercising the warrants of series TO9 B may take place during the period from 1 December 2025 up to and including 15 December 2025. Any surplus price upon subscription for new Class shares of Series B by exercising the warrants shall be added to the unrestricted share premium reserve. The warrants are subject to additional conditions including customary conversion conditions.

    9.        The new shares entitle their holders to dividends from the date of their entry in the share register.

    10.        The Board of Directors or the person appointed by the Board of Directors is authorized to make the minor adjustments necessary for the registration of the resolution with the Swedish Companies Registration Office.        

    The resolution under this item is valid only if supported by shareholders representing at least nine-tenths (9/10) of both the votes cast and the shares represented at the meeting. The resolution is conditional upon the Meeting approving the proposal to amend the Articles of Association in accordance with item 12 above and that the resolution is registered with the Swedish Companies Registration Office.

    Item 14 – Resolution to approve the Board of Directors’ decision of 16 April 2025 on a rights issue of units        
    The board of directors proposes that the general meeting approves the board of directors’ resolution of 11 April 2025 on a new issue of a maximum of 13,880,714 units with preferential rights for existing shareholders (the “Rights Issue“). The resolution shall otherwise be subject to the following conditions.

    1. The new shares of Series B and warrants shall be issued in units. Each unit shall contain 12 (twelve) shares of Series B and three (3) warrants of series TO9 B.
    2. The Company’s share capital may be increased by a maximum of SEK 1,665,685.68 through the issue of a maximum of 166,568,568 shares of Series B. A maximum of 41,642,142 warrants of series TO9 B shall be issued, entailing an increase in the share capital upon full exercise by a maximum of 416,421.42
    3. The right to subscribe for units shall, with preferential rights, be granted to those who are registered as shareholders in the Company on the record date for the Rights Issue, whereby the holding of one (1) share of series B entitles to one (1) unit right. 86 unit rights entitle to subscription of one (1) share of series B.
    4. Shareholders registered in the Company’s share register maintained by Euroclear Sweden AB on the record date of 29 April 2025 will receive unit rights for participation in the Rights Issue.        
    5. In the event that not all units are subscribed for with unit rights, the Board of Directors shall, within the framework of the maximum amount of the rights issue, decide on allocation in accordance with the allocation principles below:

    (i)   In the first instance, allotment shall be made to those who have also subscribed for shares by virtue of subscription rights, regardless of whether the subscriber was a shareholder on the record date or not, and in the event of oversubscription in relation to the number of subscription rights that each person has exercised for subscription of shares and, to the extent that this cannot be done, by drawing lots.

    (ii)   Secondly, allotment shall be made to others who have subscribed for shares without subscription rights and, in the event that they cannot receive full allotment, in proportion to the number of shares that each has applied for subscription and, to the extent that this cannot be done, by drawing lots.

    (iii)   Ultimately, any remaining shares shall be allocated to the underwriters who have entered into underwriting commitments in proportion to the size of the respective underwriting commitment and, to the extent that this cannot be done, by drawing lots.

    1. Subscription can only be made in units and thus not of shares and warrants separately. Allotment may only take place in units. However, after the completion of the issue, the shares and warrants will be separated.
    2. Subscription of units shall take place during the period from 27 May 2025 up to and including 11 June 2025. The Board of Directors is entitled to extend the subscription period.
    3. The subscription price shall be SEK 1.08 per unit, corresponding to a subscription price of SEK 0.09 per B share. The warrants are issued without consideration. The share premium shall be added to the unrestricted share premium reserve.
    4. Payment of units shall be made in cash. Payment of units subscribed for with preferential rights shall be made at the same time as subscription takes place during the period from 26 May 2025 up to and including 9 June 2025. Payment of units subscribed for without preferential rights shall be made no later than three (3) banking days after the allotment notice has been sent to the subscriber. The Board of Directors has the right to extend the payment period.
    5. Each warrant of series TO9 B entitles the holder to subscribe for one (1) Class B share at a subscription price corresponding to SEK 0.18. The subscription price may not be less than the share’s quota value applicable at any given time. Subscription for new shares by exercising the warrants of series TO9 B may take place during the period from 1 December 2025 up to and including 15 December 2025. Any surplus price upon subscription for new Class shares of Series B by exercising the warrants shall be added to the unrestricted share premium reserve. The warrants are subject to additional conditions including customary conversion conditions.
    6. The new shares entitle their holders to dividends from the date of their entry in the share register.

    The resolution is conditional upon the AGM approving the proposal to amend the Articles of Association in accordance with item 12 above and that the resolution is registered with the Swedish Companies Registration Office.

    Item 15 – Resolution on authorisation for the Board of Directors to resolve on new issues of shares, warrants and/or convertibles

    The Board of Directors of the Company proposes that the Annual General Meeting resolves to authorise the Board of Directors, until the next Annual General Meeting, on one or more occasions, to issue shares of series B, warrants and/or convertibles with the right to subscribe for or convert shares of series B, with or without deviation from the shareholders’ preferential rights, within the limits of the Articles of Association applicable from time to time, to be paid in cash, in kind and/or by way of set-off.

    The main reason for the Board of Directors to be able to decide on a new share issue without preferential rights for shareholders as described above is to be able to raise new capital to increase the Company’s flexibility for financing.

    For the resolution to be valid, the proposal must be supported by shareholders representing at least two thirds (2/3) of both the votes cast and the shares represented at the Annual General Meeting.

    Item 16 – Resolution authorising the Board of Directors to make minor adjustments to the resolutions adopted by the Meeting

    The Board of Directors proposes that the Meeting authorises the Board of Directors, the Managing Director or the person otherwise appointed by the Board of Directors to make such minor adjustments and clarifications to the resolutions adopted at the Meeting to the extent required for registration of the resolutions.

    OTHER

    Documents and information

    The notice, accounting documents, auditor’s report and proxy form will be made available to shareholders at the Company no later than three weeks before the meeting and will be sent free of charge to shareholders who so request and state their postal address. The documents will also be published on the Company’s website, www.terranet.se, no later than the same day.

    According to Chapter 7, Section 32 of the Swedish Companies Act, shareholders have the right to request information from the Board of Directors and the CEO regarding circumstances that may affect the assessment of an item on the agenda or the assessment of the Company’s financial situation. The board of directors and the managing director shall disclose such information if the board of directors considers that it can be done without material harm to the Company.

    Processing of personal data

    The personal data collected from the share register maintained by Euroclear Sweden AB, notifications received and information about proxies and assistants will be used for registration, preparation of the voting list for the general meeting and, where applicable, minutes of the general meeting. For further information on how your personal data is processed, see www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf

    Number of shares and votes

    At the time of publication of this notice, the total number of shares in the Company amounts to 1,193,741,451, divided into 1,083,063 shares of series A and 1,192,658,388 shares of series B. After registration of the directed share issue resolved by the Board of Directors on 16 April 2025, pursuant to the authorization granted by the Annual General Meeting 2024, the total number of shares in the Company will amount to 1,291,299,252, divided into 1,083,063 shares of series A and 1,290,216,189 shares of series B. Each Class A share entitles to two (2) votes and each Class B share entitles to one (1) vote

    _____________________________

    Lund in April 2025
    Terranet AB
    The Board of Directors

    About Terranet
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: www.terranet.se

    Attachment

    The MIL Network –

  • MIL-OSI Canada: Giving Alberta industry a competitive edge

    [. Adopting new technologies and upgrades can help, but these often come with expensive up-front costs, long payback periods, or better technologies needed are not yet commercially available.

    Alberta’s government is giving industry a competitive edge by investing up to $72 million to help companies upgrade technologies, lower costs and operate more efficiently. This includes $65 million for a new funding challenge that will help forestry, energy, agriculture, heavy manufacturing and other major industries make technology upgrades. It also includes more than $7 million for new technologies to help oil and gas operators lower costs by reducing methane emissions.

    “Alberta is a global leader in responsible energy development. By supporting made-in-Alberta technology, we’re strengthening our economy, protecting our environment, and keeping our job creators competitive. This funding helps secure Alberta’s energy leadership now and for decades to come.”

    Rebecca Schulz, Minister of Environment and Protected Areas

    Industrial Transformation Challenge

    The $65-million Industrial Transformation Challenge, delivered through Emissions Reduction Alberta using the industry-led TIER fund, will accelerate the development and commercialization of some of the most promising technologies needed in Alberta and around the world. This will fund exciting projects that ultimately help companies reduce costs, improve efficiency, lower environmental impacts and gain a competitive edge in the global market.

    “With investments like these, Alberta is advancing its reputation for excellence in developing and deploying technology solutions that have global export potential – technologies that keep our industries competitive in international markets. Through this funding, the province is once again cementing its leadership with critical technologies needed around the world, from methane management and mitigation to water conservation, soil and groundwater protection, and waste reduction.”

    Justin Riemer, chief executive officer, Emissions Reduction Alberta

    “Funding provided by the Government of Alberta and Emissions Reduction Alberta in such programs as the Industrial Transformation Challenge are critical to supporting Alberta industry on its path towards innovation and sustainability. Previous funding from the province has supported Baymag and ZS2 Technologies in the development of an innovative, low-carbon, made-in-Alberta cement product to support high-performance building solutions.”

    Franz X. Spachtholz, president and CEO, Baymag Inc.

    Reducing methane emissions in the energy sector

    More than $7 million is also being invested through Emissions Reduction Alberta into two new projects that will help Alberta’s energy sector monitor, manage and reduce methane emissions – saving money and keeping them competitive.

    SensorUp Inc. will use $3 million to develop the world’s first open-standard software platform that uses artificial intelligence to produce faster methane reporting, quicker repairs and more effective methane mitigation. Ambyint Inc. will receive $4.1 million to upgrade its existing artificial intelligence platform with advanced machine learning and algorithms. Ambyint Inc.’s project could potentially reduce methane venting by up to 90 per cent.

    “Financial support from the Government of Alberta through Emissions Reduction Alberta enables us to collaborate with some of the world’s largest and most forward-thinking energy producers to build the first multi-sensor, AI-assisted measurement, monitoring, reporting, and verification software platform for methane emissions reduction. This initiative will create high-value jobs in Alberta and equip producers to meet reporting and mitigation standards with greater accuracy and efficiency, unlocking access to new premium markets.”

    Steve Liang, founder and chief technology officer, SensorUp

    “Securing Government of Alberta funding through Emissions Reduction Alberta enables Ambyint to accelerate and scale our Alberta-developed AI optimization and emissions-reduction technology. Customers are seeking solutions that impact both their economic and environmental performance. This pivotal support cements Alberta’s leadership in technology innovation, highlighting our province’s role in driving sustainable energy solutions globally.” 

    Benjamin Kemp, chief executive officer, Ambyint Inc.

    Quick facts

    • Applications for the Industrial Transformation Challenge are now open and will be accepted until June 5, at 5 p.m. MT. More information is available on Emissions Reduction Alberta’s website.
    • Eligible technologies include improved water and land management, soil remediation, reducing land use or disturbance and reducing air pollutants, plus new ways of producing fuels, breakthrough industrial process improvements, industrial facility efficiency upgrades, agricultural and forestry innovation, improved processes for bitumen extraction, oil and gas processing and refinement, and industrial fuel switching and electrification.
    • Successful Industrial Transformation Challenge applicants are eligible for up to $10 million per project, while projects deemed exceptionally strong through the competitive review process may be eligible for up to $15 million.
    • While Industrial Transformation Challenge technology solutions can originate from anywhere in the world, they must be piloted, demonstrated, or deployed in Alberta, or show direct economic benefit to the province.
    • Alberta has reduced methane emissions from the conventional oil and gas sector by 52 per cent since 2014, and emissions continue to decline.

    Related information

    • Reducing methane emissions
    • Emissions Reduction Alberta
    • SensorUp
    • Ambyint Inc.

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI USA: Pelosi on Save Social Security Day of Action: “Republicans in Congress want to end Social Security as we know it.”

    Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

    San Francisco – Today, Speaker Emerita Nancy Pelosi hosted a Save Social Security Day of Action roundtable, bringing together San Francisco community leaders, advocates, seniors and people with disabilities to discuss the critical importance of protecting Social Security for the over 109,000 recipients in San Francisco.

    The roundtable featured key speakers, including Anni Chung, President and CEO of Self-Help for the Elderly; Kelly Dearman, Executive Director of the San Francisco Department of Disability and Aging Services; and American Federation of Government Employees, Social Security beneficiaries and storytellers.

    The event highlighted the struggles that seniors and individuals with disabilities face under current conditions, with many reporting service delays and system failures at the Social Security Administration. The discussion also focused on the Trump Administration’s decision decision to gut SSA staffing, close SSA field offices and restrict access to essential services, which disproportionately affect seniors, Veterans, and people with disabilities.

    Watch the full roundtable here. View photos from today’s event here.

    Read Speaker Emerita Pelosi’s remarks as delivered below:

    Speaker Emerita Pelosi. Thank you very much, Anni.

    As I have been working as suggested on all of these issues you have been a tremendous intellectual resource on all of this, especially those issues that relate to the health and the well-being of our seniors. For decades—decades, several decades—Anni has been a great resource.

    She has been wise. She has been dissatisfied from time to time, and patient. But always, always focused and strategic. So, thank you. It’s so appropriate we’re here. Appropriate that we are here at self-help, because that term is so important for the elderly.

    I thank all of you. We will hear from our panel from the standpoint of policy and personal experience, because nothing is more valuable than the stories that people tell about their own experiences.

    What’s so sad about what’s happening now is they’ll say, “Oh, we’re not touching benefits,” but they’re closing offices and shutting down the phones. Now, there’s been resistance to the phone thing, but it’s still taking a long time.

    And then, at the end of the day, they say “the office is closed and use of the phones is over.”

    That is just such bad news for seniors or people with disabilities.

    So, this is a Day of Action for Social Security. Last week, we had a day of action to save Medicaid. These are related. These are related because there will be action for Medicare and the rest.

    But understand what we’re up against, and I think you know this, that’s why you’re here. They are saying Social Security is a scam. Imagine that. Imagine that.

    Okay, so let’s talk about nine decades ago, in the depths of the Great Depression, half of America’s seniors lived in poverty. In poverty.

    Instead of resting, retirement only brought uncertainty and hardship. President Roosevelt said, “There is no tragedy in growing old, but there is tragedy in growing old without means of support.”

    By signing Social Security into law, he established a pillar of financial stability that has stood for generations.

    Today, it safeguards the well-being of millions—tens of millions—of Americans, whether they are retired or living with a disability. You all know this. Social Security is one of our nation’s greatest legislative accomplishments and one of the most widely supported.

    In San Francisco alone, more than 100,000 residents receive $196 million in Social Security checks per month—$196 million, hard earned.

    Donald Trump, and co-president Musk are spreading lies about Social Security, calling it a “Ponzi scheme” and a “scam.”

    Musk’s DOGE is putting benefits at risk and Republicans in Congress want to end Social Security as we know it. No matter what they say. They’re fighting to hike the retirement age, slash benefits and push privatization. All to give tax breaks to billionaires.
     
    I know they talk about fiscal responsibility? Yet, they’re willing to give tax breaks to billionaires with nothing to offset—you know we want to feed children and they say, “how are you going to pay for it?”

    But tax breaks for the rich don’t need to be offset—that’s just plain wrong. 

    I was just telling this story. A few Saturdays ago, which was our Day of Action for Medicaid, I was at a wedding in Scranton, Pennsylvania, of my college roommate and maid of honor at my wedding.

    It was like a family wedding for me, for her grandson. That’s where I participated in the day of Action. We had this big thing in Scranton. It was so exciting. They didn’t expect that I would be there. We didn’t tell them before I decided that I would be there. We didn’t tell them. I bring it up because I go the wedding, and I do not know bride’s family. So I am with the groom’s family.

    After the wedding, before I had a chance to visit the families, they came to me. They were very nice and complimentary, so that was good. Then the grandmother came up and said, “What are they doing with my Social Security!?”

    This is at the church. “I paid into that. That’s my money!”

    I said, “Let’s go. Let’s go to the rally for that.” It was so indicative to me that people know. They have to know what is happening.

    Lincoln said, “Public sentiment is everything. With it, you can accomplish anything; without it, practically nothing.”

    In order for public sentiment prevail. People have to know. So this has to happen. Drumbeat. Drumbeat. Drumbeat. A constant drumbeat. This is what they are doing.

    Some of you were part of our strategy in 2006, when the then-President wanted to privatize Social Security. That was our fight. We had not won since 1992, This is 2006. Beginning in 2005, we started organizing events against privatizing Social Security. In one day, we had 200 events on this.

    I had a good rapport with the President. Today, it’s a different story. We are talking about a patriotic American versus someone who uses words like “scam” and “Ponzi scheme.” 

    He [President Bush] said “You keep saying I want to privatize Social Security and that’s not really so. I just want to partially privatize it.”

    And I said “Mr. President—that’s good enough for me.”

    Everyplace you go, we will have a positive team to talk about our plan for Social Security. And we won for the first time since 1992. Not to talk politics but civics.

    So we want them to have their hands off. That was our whole theme on Saturday in the rain in Pennsylvania.

    Christine was at the one here, but all over the country, millions of people participated. Hands off our Medicaid.

    But we want hands off our safety net—Social Security, Medicare, Medicaid, food for our children.

    They are saying we can’t really do our budget unless we can find an offset with the food so we will have to cut the food. SNAP. The safety net. So, this is what we are up against among other things.

    MIL OSI USA News –

  • MIL-OSI: Quadient Recognized in Analyst Report on Top AI Use Cases for Finance Automation

    Source: GlobeNewswire (MIL-OSI)

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announces it has been recognized in a recent Forrester report on ways artificial intelligence (AI) is transforming accounts receivable (AR) processes. The report, “Top AI Use Cases for Accounts Receivable Automation In 2025,” includes mentions of Quadient AR for cash application and payment notice. Quadient considers its inclusion in the report as proof of the impact its AI- and machine learning-powered financial process automation offer, enhancing efficiency, accuracy, and decision-making capabilities.

    Manual AR, AP and invoice processes lead to inefficiencies, compliance risks, payment delays and increased vulnerability to fraud. Quadient’s Finance Automation cloud platform, including Quadient AR and Quadient AP, addresses these challenges, using advanced AI and machine learning to predict cash flow with high accuracy, analyze payor behavior, and automate cash applications, even when remittance data is missing. The platform also centralizes invoices and streamlines multi-channel distribution, ensuring full compliance with regulations such as e-invoicing.

    “AI is transforming accounts receivable, and we believe Quadient’s inclusion in Forrester’s report attests to how advanced solutions such as Quadient AR are changing the way financial professionals work through intelligent automation,” said Chris Hartigan, Chief Solution Officer, Digital Automation at Quadient. “AI and machine learning are forever changing the way AR and AP are managed and increasing the value these functions bring to organizations. Quadient is helping to advance AI usage by finance teams in responsible and meaningful ways to streamline workflows, deliver actionable insights, enhance efficiency and increase focus on strategic financial planning.”

    Real-time data is provided through customizable dashboards, enhancing efficiency and decision-making capabilities. In addition to mentioning Quadient in several use cases for AR, Forrester interviewed Quadient for insights for its companion report, “Top AI Use Cases for Accounts Payable Automation in 2025.”

    Quadient’s leading cloud-based financial automation cloud platform, including AR, AP, e-invoicing and customer communications, helps businesses reduce manual work, improve cash flow and make more informed financial decisions.

    About Quadient®
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit http://www.quadient.com/en/.

    Contacts

    Sandy Armstrong, Sterling Kilgore   Joe Scolaro, Quadient         
    VP of Media & Communications   Global Press Relations Manager
    +1-630-699-8979   +1 203-301-3673
    sarmstrong@sterlingkilgore.com   j.scolaro@quadient.com

    Attachment

    The MIL Network –

  • MIL-OSI Russia: Active Longevity: Finding a Balance Between Tourism and Being a Grandmother

    Translartion. Region: Russians Fedetion –

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

    © Higher School of Economics

    Within the framework XXV Yasinsky (April) International Scientific Conference A round table was held on the topic of active longevity. Experts discussed the implementation of state policy and corporate experience in this area.

    The round table “Active Longevity Programs: Regional and Corporate Experience” was organized jointly Institute of Social Policy HSE University and the D.I. Mendeleyev Institute of Demographic Policy.

    Vice-Rector of the National Research University Higher School of Economics, Director of the Institute of Social Policy Liliya Ovcharova recalled that the President’s decree on national development goals contains two target demographic indicators: increasing the total fertility rate and increasing life expectancy.

    “There are many events aimed at promoting the birth rate, and the topic of increasing life expectancy is still not sufficiently represented in the information agenda. At the same time, there are many scientific publications confirming the contribution of active longevity programs to healthy life expectancy,” she noted.

    Deputy Director of the Institute of Social Policy at the National Research University Higher School of Economics Oksana Sinyavskaya spoke about the specifics of socio-demographic processes that influence the priorities of social policy in the interests of the older generation. She noted that the population of Russia is aging, but the reserves for increasing life expectancy are high. According to the definition of the speaker, active longevity is “a state of social, economic, physical and psychological well-being that provides older citizens with the opportunity to meet their needs and be included in various spheres of society, achieved with the active participation of the citizens themselves.”

    Oksana Sinyavskaya also spoke about the implementation of the principles of active longevity in the Strategy of Actions in the Interests of Senior Citizens in the Russian Federation until 2030. Its goal is to increase the life expectancy and quality of life of the elderly. In addition to health protection and the development of medical care in the geriatrics profile, it talks about strengthening the value of a multi-generational family in society, creating conditions for the realization of the personal potential of senior citizens, increasing their financial security and developing infrastructure for a high-quality and safe life.

    More than 12 million people are currently participating in regional active longevity programs. Among the most popular areas of these programs are physical education and sports, education and enlightenment, socio-cultural events and social tourism. At the same time, the speaker noted the rather low awareness of citizens about the possibilities of the programs, as well as some limitations in the offer of services, especially in the area of social tourism.

    Ivan Efimov, Executive Director of the D.I. Mendeleyev Institute of Demographic Policy, noted that despite the beneficial effects of active longevity programs, research shows that they often “take grandparents away from the family.” “I think it is important to work from the point of view that no nanny can replace a grandmother. If we are talking about improving demographics, including the birth of children, it is important that there is a favorable environment for a grandmother to be with her family, with her grandchildren,” he believes.

    Deputy Executive Director of the D.I. Mendeleyev Institute of Demographic Policy, Head Responsible Business Laboratory HSE University Oleg Krivokhizhin told which indicators related to active longevity are taken into account by the Business Reputation Index of Entrepreneurs (EKG-rating). He noted that many enterprises take care of pensioners, make them additional payments and pension supplements, issue voluntary health insurance, organize spa treatment and various cultural events.

    “Today, the ECG rating of companies is becoming an indicator not only of how the company stimulates birth rates, but also of how it supports employees after retirement,” the expert noted.

    Deputy Director of the State Budgetary Institution “Moscow Longevity” Anna Skorik informed about the positive experience of the project implemented in the capital, and the head of the public projects department of the Russian Gerontological Scientific and Clinical Center of the Russian National Research Medical University named after N.I. Pirogov Vadim Samorodov spoke about the medical aspects of working with the elderly and the importance of a systematic approach in this work aimed at improving the quality of life in old age. He noted that in the last five years of life, people spend about 50% of their lifetime treatment costs.

    Olga Eremenko, Vice President and Director of the Department of Ethics and Anti-Corruption Compliance of PSB Bank, Anastasia Gorelkina, Deputy Chairman of the Board of Directors of SDS Holding Company, Member of the Board of Directors of Azot JSC, Vice President of the Association of Communication Agencies of Russia (AKAP), and Alexey Basisty, Deputy General Director for HR Management of Gazprom Transgaz Moscow, shared their companies’ experience in creating conditions for employment of people of different ages and implementing active longevity projects.

    “As part of the implementation of the social support program in 2024, the company allocated more than 190 million rubles to improve the quality of life of people of silver age,” Anastasia Gorelkina reported, in particular.

    According to her, the events cover a wide range of areas – from regular financial assistance to providing free mobile communications. In addition, the company provides additional payments for holidays. For example, Victory Day, Miner’s Day.

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

    MIL OSI Russia News –

  • MIL-OSI USA: Growing Rural Businesses: Pioneering Hydroponics Business Plants Roots in Las Animas County

    Source: US State of Colorado

    TRINIDAD — The Business Funding & Incentives Division of the Colorado Office of Economic Development & International Trade (OEDIT) announced today that Bird & Squirrel Hydroponics, LLC, a pioneering hydroponics business, has been accepted into the Rural Jump-Start Program. Focused on cultivating and supplying high-quality herbs and leafy greens, hydroponic systems and technology, Bird & Squirrel Hydroponics will create new jobs and help diversify the local economy. 

    “Rural Jumpstart is supporting businesses across Colorado and I’m excited to see that Bird & Squirrel are making their home in Trinidad. This investment will support the local economy and strengthen the community overall. Their focus on hydroponics builds on Colorado’s rich agricultural industry, bringing new cutting-edge technology to support sustainable agriculture,” said Governor Jared Polis. 

    “We’re thrilled to see Bird & Squirrel expand in Las Animas County. The Rural Jump-start Program was created in partnership with rural communities to support the unique needs of rural businesses, and today’s announcement highlights the innovation these entrepreneurs are bringing to their communities,” said OEDIT Executive Director Eve Lieberman. 

    Utilizing advanced hydroponic techniques, Bird & Squirrel Hydroponics is committed to sustainable farming practices that ensure year-round production of fresh, pesticide-free produce, as well as developing industry leading hydroponic systems and technology. The company focuses on three distinct products and services: 1) cultivating and supplying high-quality herbs and leafy greens to regional restaurants, 2) designing and building custom hydroponic systems for personal and business use, and 3) small-scale manufacturing of an AI automated hydroponic controller. 

    “We are excited to bring Bird and Squirrel Hydroponics to Trinidad, Colorado. This opportunity allows us to provide the surrounding communities with fresh, pesticide-free herbs and greens year-round, while also fostering technological innovation in the area with our AI Hydroponics Controller. We’re passionate about contributing to the local economy and advancing sustainable agricultural practices in this region,” said Jeff Layton, Co-Founder of Bird & Squirrel Hydroponics. 

    The Rural Jump-Start (RJS) program encourages economic development and job creation in economically distressed, rural counties of Colorado. Businesses that start in or move to RJS zones can qualify for relief from the state business income tax, the sales and use tax, and county/municipal business personal property taxes. Qualified employees also receive relief from their state personal income tax. In addition, businesses are eligible for a general operating grant of up to $20,000. These grants are intended to support regional economic and workforce development activities that expand local business, create new good-paying jobs, and strengthen and diversify local economies. Sponsoring entities like Trinidad State College help identify RJS candidates in their communities and work with the business to help ensure its success in the program and in the community. 

    “We are very pleased to be a sponsor for this exciting and innovative hydroponics venture. Trinidad State College is committed to growing workforce and economic development opportunities within our multi-county service area. Our support of Bird and Squirrel Hydroponics, LLC is an important step towards solidifying the TSC strategic vision of driving shared prosperity within our communities,” said James Kynor and Vice President of Operations and Workforce Development. 

    To learn more about the Rural Jump-Start program, please contact 
    Quina Weber-Shirk at quina.webershirk@state.co.us. 

    About the Colorado Office of Economic Development and International Trade 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT.

     ###

    MIL OSI USA News –

  • MIL-OSI USA: Connecticut Reaffirms Commitment To Creating Education Opportunities for All Children

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont and Education Commissioner Charlene Russell-Tucker today announced that the Connecticut State Department of Education (CSDE) has responded to a recent request from the U.S. Department of Education (USDOE) regarding Title VI compliance and has opted not to sign the letter, citing that Connecticut “already does and will continue to comply with Title VI of the Civil Rights Act of 1964.”

    CSDE regularly reaffirms its compliance with all federal program assurances, through which USDOE continues to provide federal funding. Additionally, Local Education Agencies in Connecticut certify their compliance with Title VI to CSDE in annual applications with all assurances required for federal programs and activities receiving federal financial assistance.

    “In Connecticut, we’re proud to support the incredible diversity of our schools and work tirelessly to ensure that every child, regardless of background, has access to a quality education and the best opportunity at the starting line in life,” Governor Lamont said. “From our educators, who are mentoring and inspiring the next generation of young people, to our curriculum, our commitment to education is what has made our schools nationally recognized, and we plan to continue doing what makes our students, teachers, and schools successful.”

    The letter to USDOE’s Office for Civil Rights states, “Connecticut remains committed to safeguarding Connecticut students against the insidious effects of discrimination and continues to align its principles and programs with the requirements and purpose of Title VI, prohibiting discrimination on the basis of race, color, or national origin.”

    “We will continue to build on the collective efforts of our educators, families, and school communities to create learning environments where every student is valued and supported,” Commissioner Russell-Tucker said. “We remain focused on the work happening in our schools every day and are staunchly committed to ensuring that all our 508,402 students have access to a universe of opportunities.”

    Connecticut strives to create safe and supportive learning environments that involve school personnel, leaders of community organizations, parents, and youth working together to build positive, supportive, and healthy environments that promote acceptance and respect. To that end, Connecticut is proud to have launched initiatives such as the Learner Engagement and Attendance Program (LEAP), which addresses chronic absenteeism and closes the opportunity gap through better engagement between students, teachers, and families. Additionally, over the last several years Connecticut has exceeded the benchmark set by the State Board of Education to increase the number of educators of color by 10% and continues to incorporate policies that better reflect the diversity of the students in the classroom.

    **Download: Letter from the Connecticut State Department of Education to the U.S. Department of Education

     

    MIL OSI USA News –

  • MIL-OSI Security: Kansas woman indicted for unemployment fraud using stolen identities

    Source: Office of United States Attorneys

    WICHITA, KAN. – A federal grand jury in Wichita returned an indictment charging a Kansas woman with illegally collecting more than $100,000 by defrauding a federal program aimed at helping people who lost their livelihoods during the COVID-19 pandemic. 

    According to court documents, Kylie Charles, 35, of Wichita is charged with 17 counts of wire fraud and 17 counts of aggravated identity theft. 

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provided financial relief to Americans dealing with the economic impacts of COVID-19 pandemic. The program expanded unemployment benefits to some people who would not typically qualify such as business owners, self-employed workers, independent contractors, those with a limited work history, and people who lost their business as a result of the pandemic.

    Between May 2020 and August 2021, Charles is accused of stealing the identities of people she knew and using their information without their knowledge or consent to file false claims in multiple states for unemployment benefits under the CARES Act program. 

    The Federal Bureau of Investigation (FBI) is investigating the case.

    Assistant U.S. Attorney Molly Gordon is prosecuting the case.

    OTHER INDICTMENTS

    Chad M. Abildgaard, 33, of Wichita was indicted on one count of possession of methamphetamine with intent to distribute, one count of possession of a firearm in furtherance of a drug trafficking crime, and one count of possession of a firearm by a convicted felon. The U.S. Postal Inspection Service is investigation the case. Assistant U.S. Attorney Lanny Welch is prosecuting the case.

    Nelson Agustin Gonzalez-Diaz, 74, was indicted on one count of possession of a firearm by a convicted felon and one count of possession of a firearm by an illegal alien. The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is investigating the case. Assistant U.S. Attorney Larry Fadler is prosecuting the case.

    Manuel Jacquez Ibarra, 45, was indicted on one count of unlawful reentry after deportation. Homeland Security Investigations (HSI) is investigating the case. Assistant U.S. Attorney Ola Odeyemi is prosecuting the case. 

    David Yitzhak Espinoza, 31, was indicted on one count of unlawful reentry after deportation. Homeland Security Investigations (HSI) is investigating the case. Assistant U.S. Larry Fadler is prosecuting the case.

    An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
    ###

    MIL Security OSI –

  • MIL-OSI: The Board of Directors has resolved to carry out directed issues of units totaling approximately SEK 25 million and a fully underwritten rights issue of units of approximately SEK 15 million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

    The Board of Directors of Terranet AB (”Terranet” or the ”Company”) has today, April 16 2025, with authorization from the annual general meeting on May 21, 2024, decided to carry out a directed issue of 2,956,297 units consisting of B-shares and warrants of series TO9 B to a number of qualified investors of approximately SEK 8.8 million (the “First Directed Issue”). The Board of Directors of the Company has further, subject to subsequent approval by the Annual General Meeting, resolved on a directed issue of 5,461,210 units consisting of B-shares and warrants of series TO9 B to members of the Company’s Board of Directors and management as well as external investors, of approximately SEK 16.2 million (the “Second Directed Issue” and together with the First Directed Issue, the “Directed Issues”). One unit in the Directed Issues consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. To compensate the shareholders who do not participate in the Directed Issues, the Board of Directors of Terranet, subject to subsequent approval by the Annual General Meeting, has resolved on a fully secured rights issue of a maximum of 13,880,714 units consisting of B-shares and warrants of series TO9 B, which, if fully subscribed, will provide the Company with approximately SEK 15 million before deduction of issue costs (the “Rights Issue”). One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The Directed Issues and the Rights Issue are carried out at the same subscription price, with the subscription price set at SEK 0.09 per B-share. Through the Directed Issues, Terranet will raise approximately SEK 25 million before deduction of issue costs, and upon full subscription of the Rights Issue, Terranet will raise approximately SEK 15 million before deduction of issue costs. The notice to the Annual General Meeting will be published through a separate press release.

    Comments from Management
    “We are at a very exciting stage as we intensify our commercialization journey with the goal of signing our first agreement to initiate commercialization during this year. In 2024, Terranet achieved success and delivered on previously set milestones with excellence, laying the foundation for the collaborations and ongoing dialogues with leading industrial players in the market. The capital raise enables us to take the next step from a development-stage company to a commercial enterprise, and I see this as an attractive opportunity to personally take part in this journey together with well-renowned investors who recognize the strong potential of Terranet’s technology”, says Lars Lindell, CEO of Terranet.

    Comments from the Board of Directors
    “We are grateful for the strong confidence shown by our shareholders. Their support has enabled a capital raise on favorable terms with committed and reputable investors, despite an eventful and volatile stock market. Given full subscription of the issued warrants, the capital raise secures our liquidity through the second quarter of 2026. This strengthens our negotiating position and provides a solid foundation for converting the potential and interest in our technology into real shareholder value”, says Torgny Hellström, Chairman of the Board of Directors of Terranet.

    Summary of the Directed Issues and the Rights Issue:

    • The First Directed Issue comprises a maximum of 2,956,297 units. Subscribers in the First Directed Issue include, among others, Hunter Capital AB (publ) (“Hunter”). One unit in the First Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The subscription price in the First Directed Issue is SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which represents a premium of approximately 4.0 percent compared to the volume-weighted average price of the Company’s B-share on Nasdaq First North Premier Growth Market between April 7, 2025, and April 11, 2025. The First Directed Issue will provide Terranet with approximately SEK 8.8 million before deduction of issue costs.
    • The Second Directed Issue comprises a maximum of 5,461,210 units and is directed to members of the Board of Directors, management, and external investors, including Johannes Schildt (one of the founders of Kry), White Eye AB, and Scan Invest Limited (“Scan”). One unit in the Second Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The subscription price in the Second Directed Issue is SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which is the same subscription price as in the First Directed Issue. The Second Directed Issue will provide Terranet with approximately SEK 16.2 million before deduction of issue costs.
    • The Board of Director’s resolution on the Second Directed Issue is conditional upon approval by the Annual General Meeting, scheduled for May 23, 2025. Notice of the Annual General Meeting will be published through a separate press release.
    • The Rights Issue comprises a maximum of 13,880,714 units. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.
    • The subscription price per unit in the Rights Issue is SEK 1.08 per unit, corresponding to SEK 0.09 per B-share. The subscription price per B-share is the same as in the Directed Issues. Upon full subscription, the Rights Issue will provide Terranet with approximately SEK 15 million before deduction of issue costs.
    • The right to subscribe for units in the Rights Issue shall, with preferential rights, be granted to shareholders in proportion to the number of B-shares they already own, where one (1) existing B-share entitles the holder to one (1) unit right, and eighty-six (86) unit rights entitle the holder to subscribe for one (1) unit.
    • The last day of trading in Terranet’s B-shares including the right to receive unit rights in the Rights Issue is April 25, 2025. The B-shares will be traded excluding the right to receive unit rights from April 28, 2025.
    • The subscription period for the Rights Issue runs from May 27, 2025, up to and including June 11, 2025.
    • The Rights Issue is covered by subscription commitments of approximately SEK 35.2 thousand, corresponding to 0.2 percent of the Rights Issue, and underwriting commitments of approximately SEK 15 million, corresponding to approximately 99.8 percent of the Rights Issue. Thus, the Rights Issue is covered to 100 percent by subscription commitments and underwriting commitments. Hunter has entered into a underwriting commitment amounting to approximately SEK 7.5 million. Furthermore, Scan has also entered into a underwriting commitment amounting to approximately SEK 7.5 million.
    • The full terms and conditions of the Rights Issue, including additional information about the Company, will be available in an information memorandum expected to be published around May 26, 2025 (the “Memorandum”).
    • The purpose of the Rights Issue is to finance the continued development of the BlincVision product, prepare for future commercialization, and repay an existing interest-bearing debt of approximately SEK 8 million.

    Background and rationale in summary
    Terranet is in an expansion phase with the development of BlincVision and has achieved several important milestones in 2024, including successful tests and partnerships with leading players in the automotive industry. To take the next step, financing is required to complete the development of a Minimum Viable Product (MVP) and continue the development towards volume production in collaboration with potential future partners.

    In order to carry out the necessary development work required to commercialize BlincVision and repay the Company’s outstanding interest-bearing debt of approximately SEK 8 million, the Board of Directors of Terranet has identified a need for additional capital. Therefore, the Directed Issues and the Rights Issue are being carried out. The proceeds from the Directed Issues and the Rights Issue will primarily be used for:

    •        Repayment of outstanding loans, approximately 20 percent.
    •        External development costs for components for BlincVision, approximately 25 percent.
    •     In-house development work as well as market and sales activities for BlincVision, approximately 25 percent.
    •        Investments in tangible fixed assets, approximately 10 percent.
    •        Working capital, approximately 20 percent.

    The First Directed Issue
    The Board of Directors of Terranet has today, with the support of the authorization from the Annual General Meeting on May 21, 2024, resolved to carry out the First Directed Issue, which comprises a maximum of 2,956,297 units at a subscription price of SEK 2.97 per unit, corresponding to SEK 0.09 per B-share. Each unit in the First Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The warrants are issued free of charge. Through the First Directed Issue, the Company will raise approximately SEK 8.8 million before issue costs. The right to subscribe for units will be granted exclusively, deviating from shareholders’ preferential rights, to Hunter and Milad Pournouri.

    The Board of Directors has placed great emphasis on ensuring that the subscription price for the First Directed Issue is market-based in relation to the current share price. After negotiations at arm’s length between the Company and the intended investors, the subscription price has been set at SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which represents a premium of approximately 4.0 percent compared to the volume-weighted average price of the Company’s B-share on Nasdaq First North Premier Growth Market between April 7, 2025, and April 11, 2025. Considering this, the Board of Directors concludes that the subscription price is market-based and reflects the demand for the Company’s B-shares.

    The Second Directed Issue
    Further, the Board of Terranet has today, subject to approval by the Annual General Meeting scheduled for May 23, 2025, resolved to carry out the Second Directed Issue. The Second Directed Issue comprises a total of 5,461,210 units and is being implemented, among other things, to enable subscriptions by members of the Company’s Board of Directors and management. Since members of the Company’s board of directors and management are subject to Chapter 16 of the Swedish Companies Act (2005:551) (the so-called Leo Act), the Second Directed Issue requires approval from a shareholders’ meeting in the Company. For the decision of the shareholders’ meeting to be valid, at least nine-tenths of both the votes cast and the shares represented at the meeting must vote in favor of the decision. Following approval at the Annual General Meeting, the right to subscribe for units in the Second Directed Issue will be granted to CEO Lars Lindell, CFO Dan Wahrenberg, CCO Jonas Renander, CTO Pierre Ekwall, Chairman of the Board Torgny Hellström, and Board member Magnus Edman, as well as the current shareholder Oliver Aleksov and external investors Johannes Schildt, White Eye AB, Scan, Alex Ghafori, and Max Björs.

    The subscription price for the Second Directed Issue is SEK 2.97 per unit, corresponding to SEK 0.09 per share, which is the same subscription price as in the First Directed Issue. Through the Second Directed Issue, Terranet will raise approximately SEK 16.2 million before issue costs. Each unit in the Second Directed Issue consists of thirty-three (33) B-shares and five (5) warrants of series TO9 B. The warrants are issued free of charge.

    Deviation from shareholder’ preferential rights
    The reasons for the deviation from shareholders’ preferential rights and the targeting of the Directed Issues to the Board of Directors, management, existing shareholders, and qualified investors are as follows. Prior to the decision on the Directed Issues, the board carefully examined and considered alternative financing options, including raising capital solely through a rights issue. However, after a comprehensive assessment and considering that a directed issue allows the Company to receive capital sooner, the Board of Directors believes that new issues carried out with a deviation from shareholders’ preferential rights, combined with a rights issue, are a more favorable option for the Company and its shareholders than a rights issue alone. Therefore, the Board of Directors’ assessment is that it is in the best interests of both the Company and its shareholders to proceed with the Directed Issues.

    The reason the Directed Issues is aimed at selected institutional and private investors is that such an issue further diversifies and strengthens the Company’s shareholder base. The reason why one existing shareholder is given the opportunity to participate is that this investor has been a shareholder in the Company for a long period and continues to show great interest in the Company. All of the investors in the Directed Issues have expressed long-term interest and commitment to the Company, which the Board of Directors believes provides security and stability for both the Company and its shareholders. At the same time, other shareholders are given the opportunity to subscribe to units on the same terms through the Rights Issue.

    The Company is in an important phase and requires financing to ensure its long-term operations. According to the Board of Directors’ assessment, a more extensive and isolated rights issue would require significantly more time and resources to execute and would also entail a higher risk of a negative impact on the share price, particularly considering the current volatile and challenging market conditions. From a shareholder perspective, an isolated rights issue thus poses a risk of a negative effect on the share price compared to a directed issue combined with a rights issue. In view of the market volatility, the Board of Directors has assessed that a rights issue, without the Directed Issues, would need to be considerably larger and would therefore also require greater underwriting commitments from an underwriting consortium, which would result in additional costs and/or further dilution depending on the type of compensation for such underwriting.

    Considering the above, the Board of Directors’ collective assessment is that the reasons for carrying out the Directed Issues in combination with a compensation issue in the form of the Rights Issue outweigh the reasons for conducting a more extensive isolated rights issue.

    The Board of Directors has, in connection with the decisions on the Directed Issues, placed significant emphasis on ensuring that the subscription price is market-based in relation to the prevailing share price. After arm’s length negotiations between the company and the qualified investors, the subscription price has been set at SEK 2.97 per unit, corresponding to SEK 0.09 per B-share, which represents a premium of approximately 4.0 percent compared to the volume-weighted average price of the company’s B-share on Nasdaq First North Premier Growth Market between April 7, 2025, and April 11, 2025. Considering this, the board assesses that the subscription price is market-based and reflects the demand for the company’s B-shares.

    The Rights Issue
    To compensate shareholders who do not participate in the Directed Issues, the Board of Directors, subject to subsequent approval by the annual general meeting, has decided to carry out the Rights Issue of up to 13,880,714 units, which, if fully subscribed, could raise approximately SEK 15 million before deduction of issue costs. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.

    Those who are registered as shareholders in Terranet on the record date of April 29, 2025 will receive one (1) unit right for each (1) existing B-share, and eighty-six (86) unit rights will entitle the holder to subscribe for one (1) unit. The subscription price in the Rights Issue will be SEK 1.08 per unit, corresponding to SEK 0.09 per B-share, which is the same subscription price as in the Directed Issues. Participants in the Directed Issues will not receive any unit rights in the Rights Issue for the units subscribed through the Directed Issues.

    In the event that not all units are subscribed through the exercise of unit rights, the Board of Directors will decide on the allocation of units subscribed without the support of unit rights, within the framework of the maximum amount of the Rights Issue. The allocation will be made as follows:

    • First, allocation will be made to those who have subscribed for units using unit rights, regardless of whether the subscriber was a shareholder on the record date. In case of over-subscription relative to the number of unit rights each person used for subscription, allocation will be made based on the number of unit rights exercised, and if this cannot be done, by drawing lots.
    • Second, allocation will be made to others who have subscribed for units without the support of unit rights. If they cannot receive full allocation, it will be done based on the number of units they have subscribed for, and if this cannot be done, by drawing lots.
    • Lastly, any remaining units will be allocated to the underwriters who have entered into underwriting commitments in relation to the size of their respective underwriting commitments, and if this cannot be done, by drawing lots.

    The subscription period will run from May 27, 2025, up to and including June 11, 2025. Trading in unit rights will take place on the Nasdaq First North Premier Growth Market from May 27, 2025, up to and including June 5, 2025, and trading in BTU (paid subscribed units) will take place on the Nasdaq First North Premier Growth Market from May 27, 2025, up to and including June 30, 2025.

    The Company will prepare and publish the Memorandum in connection with the Rights Issue.

    Warrants of series TO9 B
    Each warrant of series TO9 B gives the right to subscribe for one (1) new B-share in the Company. One (1) warrant of series TO9 B entitles the holder to subscribe for one (1) B-share in the Company at a subscription price of SEK 0.18 (equivalent to 200% of the subscription price per B-share in the Directed Issues and the Rights Issue). The subscription for B-shares using the warrants of series TO9 B will take place during the period from December 1, 2025, up to and including December 15, 2025.

    If all warrants of series TO9 B are fully utilized within the framework of the units offered, the Company may receive an additional maximum of approximately SEK 15.1 million. The warrants are intended to be admitted to trading on Nasdaq First North Premier Growth Market.

    Subscription commitments and underwriting commitments
    The Rights Issue is covered by 0.2 percent of subscription commitments, corresponding to approximately SEK 35.2 thousand, and by approximately 99.8 percent of underwriting commitments, corresponding to approximately SEK 15 million. Hunter has entered into a underwriting commitment amounting to approximately SEK 7.5 million. Furthermore, Scan has also entered into a underwriting commitment amounting to approximately SEK 7.5 million.Thus, the Rights Issue is fully covered by subscription commitments and underwriting commitments. The entered subscription commitments and underwriting commitments are not secured by bank guarantees, pledges, or similar arrangements. Subscription commitments have been entered into by Chairman of the Board of Directors Torgny Hellström, CFO Dan Wahrenberg, and CTO Pierre Ekwall. For the underwriting commitments, a underwriting compensation of twelve (12) percent of the underwritten amount will be paid in the form of units. The subscription price for the underwriting compensation amounts to SEK 1.08 per unit, corresponding to SEK 0.09 per B-share, which is the same as the subscription price in the Rights Issue. No compensation is paid for the subscription commitments that have been entered into.

    The Board considers it favorable for the Company to offer compensation to the underwriters in the form of units instead of cash, as it positively impacts the Company’s liquidity. The subscription price in the directed issue to the underwriters was negotiated at arm’s length during the arrangement of the underwriting commitments, in consultation with the financial advisor and after an analysis of usual market factors.

    Shares, share capital and dilution
    Through the First Directed Issue, the number of B-shares in the Company will increase by 97,557,801 B-shares, from 1,193,741,451 B-shares to 1,291,299,252 B-shares. The Company’s share capital will thus increase by SEK 975,578.010, from SEK 11,937,414.510 to SEK 12,912,992.520. The newly issued shares in the First Directed Issue will result in a total dilution effect of approximately 7.6 percent of the number of B-shares and votes in the Company.

    Through the Second Directed Issue, the number of B-shares in the Company will increase by 180,219,930 B-shares, from 1,291,299,252 B-shares to 1,471,519,182 B-shares. The Company’s share capital will increase by SEK 1,802,199.300, from SEK 12,912,992.520 to SEK 14,715,191.820. The newly issued shares in the Second Directed Issue will result in a further dilution effect of approximately 12.2 percent of the number of B-shares and votes in the Company. The dilution effect, the specified number of B-shares and the share capital before and after the Second Directed Issue, consider the B-shares issued in the First Directed Issue.

    The Directed Issues will result in a total dilution effect of 18.9 percent of the number of B-shares and votes in the Company. Through the Directed Issues, the number of B-shares in the Company will increase by 277,777,731 B-shares, from 1,193,741,451 B-shares to 1,471,519,182 B-shares. The Company’s share capital will thus increase by SEK 2,777,777.310, from SEK 11,937,414.510 to SEK 14,715,191.820.

    Upon full subscription in the Rights Issue, the number of B-shares in Terranet will increase by up to an additional 166,568,568 B-shares, from 1,471,519,182 B-shares to 1,638,087,750 B-shares, and the share capital will increase by up to SEK 1,665,685.680, from SEK 14,715,191.820 to SEK 16,380,877.500. For existing shareholders who do not participate in the Rights Issue, this corresponds to an additional dilution effect of approximately 10.2 percent of the votes and share capital in the Company upon full subscription.

    The total dilution effect from full subscription in the Rights Issue, together with the Directed Issues, amounts to approximately 27.1 percent.

    Upon full exercise of all warrants of series TO9 B within the scope of the offered units, the number of B-shares in Terranet will increase by up to an additional maximum of 83,729,677 B-shares, from 1,638,087,750 B-shares to 1,721,817,427 B-shares, and the share capital will increase by up to SEK 837,296.770, from SEK 16,380,877.500 to SEK 17,218,174.270. Full exercise of all warrants of series TO9 B would result in an additional dilution effect of up to 4.9 percent.

    Preliminary timetable for the Rights Issue

    April 25, 2025 Last day of trading in B-shares including the right to receive unit rights
    April 28, 2025 First day of trading in B-shares excluding the right to receive unit rights
    April 29, 2025 Record date for the Rights Issue
    May 26, 2025 Disclosure of the Memorandum
    May 27, 2025 – June 5, 2025 Trading with unit rights
    May 27, 2025 – June 11, 2025 Subscripition period
    May 27, 2025 – June 30, 2025 Trading in paid subscribed units (BTU)
    June 13, 2025 Preliminary date for publication of the outcome in the Rights Issue

    Annual General Meeting
    The Board of Directors’ resolution regarding the Second Directed Issue and the Rights Issue is subject to approval by the Annual General Meeting, which will be held on May 23, 2025. A notice of the Annual General Meeting will be published in a separate press release.

    The Memorandum
    The complete terms and conditions of the Rights Issue, as well as other information about the Company, will be set out in the Memorandum, which will be published by the Company prior to the commencement of the subscription period. The Memorandum is expected to be published on the Company’s website, www.terranet.com, around May 26, 2025.

    Advisers
    Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Directed Issues and the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Directed Issues and the Rights Issue.

    For more information, please contact:
    Dan Wahrenberg, CFO
    E-mail: dan.wahrenberg@terranet.se

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on April 16, 2025, at 18:00 CET.

    About Terranet AB (publ) 
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: www.terranet.se

    Certified Adviser to Terranet is Mangold Fondkommission AB.

    Important information
    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

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    The MIL Network –

  • MIL-OSI: Publication of the 2024 Universal Registration Document

    Source: GlobeNewswire (MIL-OSI)

    Publication of the 2024 Universal Registration Document

    Amundi announces the filing of its 2024 Universal Registration Document, French version, to the French securities regulator, the Autorité des Marchés Financiers (AMF), on 16 April 2025, under the registration number D.25-0272.

    This 2024 Universal Registration Document and its free translation into English are available now on the websites of Amundi (http://about.amundi.com for the English version) and, in French only, of the AMF (www.amf-france.org). It is also available at Amundi Head office, 91-93, boulevard Pasteur, 75015 Paris.

    The following documents are included in the 2024 Universal Registration Document:

    • the 2024 annual financial report;
    • the integrated report;
    • the sustainability statement;
    • the report on corporate governance;
    • information relating to the fees of statutory auditors.

    About Amundi

    As Europe’s leading asset manager among the world’s top 10 players1, Amundi offers its 100m clients – individuals, institutions and corporates – a full range of savings and investment solutions in active and passive management, in traditional and real assets. This offer is enriched with services and technological tools that cover the entire savings value chain. A subsidiary of the Crédit Agricole group, Amundi is listed on the stock exchange and currently manages more than €2.2tn in assets under management2.

    Its six international management platforms3, its financial and extra-financial research capacity, as well as its long-standing commitment to responsible investment make it a leading player in the asset management landscape.

    Amundi’s clients benefit from the expertise and advice of 5,700 professionals in 35 countries.

    Amundi, a trusted partner that acts every day in the interest of its clients and society.

    www.amundi.com  

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    1Source: IPE “Top 500 Asset Managers” published in June 2024 based on assets under management as of 31/12/2023
    2Amundi data as of 31/12/2024
    3Boston, Dublin, London, Milan, Paris and Tokyo

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    The MIL Network –