What is going on in the UK when it comes to the massive rise in benefit claims related to mental health? It’s complicated, that much is certain.
Understanding the causes of mental health-related economic inactivity and what to do about it is at the top of the UK government’s policy agenda. It recently set out plans in a green paper to improve access to effective employment support for people with mental health problems. At the same time, controversial reforms to health and disability benefits were central to Chancellor Rachel Reeves’s spring statement.
As a social researcher, listening closely to people’s lived experiences has taught me that while their distress is genuine, significant and at times severe, it is rarely the whole story of what is constraining their ability to find and stay in work.
Mental distress is almost invariably bound up in other challenging circumstances that also pose barriers to work – issues such as homelessness, violence and abuse, caring commitments, lone parenthood, poverty, involvement with the criminal justice system, and the obstacles caused by inflexible employers and insecure work.
This has made me wonder if the system’s very narrow focus on health as a barrier to work is part of the problem.
It’s not that the mental health conversation has gone too far – but it may have become too narrow. While it is essential to respond to people’s distress, we can’t understand their capacity for work, or support their steps back into employment, unless we pay attention to all the other factors that limit their opportunities for work.
The work capability assessment (WCA) was introduced 17 years ago to determine how far and in what ways someone’s disability, illness or health condition limits them from working. Since then, welfare support has been narrowed down to questions of obligation and conditionality – with health as the central focus.
But this narrow approach, and the exclusive link between ill health and work-related obligations, has crowded out the full range of challenges, constraints and contingencies that affect people’s capacity for work. When health is the only thing the system is interested in, it’s the only thing claimants can discuss.
So now, with the UK government’s plan to scrap the WCA and introduce a new kind of “support conversation”, there is an opportunity to bring this broader range of factors back into the picture.
In a positive shift, the government has recognised that discussions about work need to include a better understanding of people’s goals and aspirations, and that these conversations should also facilitate access to support for debt, housing, careers, training and social connection.
How this might be done is a question that needs careful thought and experimentation. The government is seeking responses on how this “support conversation” should be designed and delivered.
In a recent workshop, we explored the opportunities and challenges that might arise from a more holistic approach to assessing capacity for work. Participants in our workshop felt there was potential for more positive experiences and effective support.
But they also envisaged risks both for claimants and welfare services, including the potential for claimants to be retraumatised, as well as extra admin and the possibility of raising unrealistic expectations.
Better support for people who want to work
As the government’s Pathways to Work green paper recognises, there are many people for whom formal paid employment may never be possible. But there are some people in the health-related benefits group who would like to work.
In my most recent research project, I met people living with mental health difficulties and neurodivergence who were keen to work but felt frustrated at the lack of personalised support. Here are a few examples of what they told me:
In my experience, they don’t help you, they just tell you to do this, that and the other. But they’re not supporting you through the process of finding a job. They’re just throwing these jobs at you. (female, 26)
I do want to work. It’s just, I want to be able to work and then keep the job. And right now, I just I don’t feel like I’ve got the right things in place to help me with that … I don’t want to use it as just an excuse … What I want is: ‘Oh, I’ve got ADHD, can you please take that into account?’ (male, 33)
I really don’t know what [job] to go for … A lot of my issues have been connected to frustration and feeling stuck, and not being able to find a pathway into sustainable employment – and things related to education. It’s all kind of linked in a bundle (male, 38)
Shifting the balance towards personalised and holistic support is a step in the right direction. But the spectre of welfare conditionality, and the threat of sanctions if someone is unable to fulfil work-related activities, will always be a block on engaging those who might be able to work, given the appropriate time and support.
While the green paper describes sanctions as a “last resort”, it does not go far enough on removing compliance from people’s encounters with the system.
Mental ill health is often part of a bigger picture of challenging circumstances including lone parenthood or poverty. Alena Ozerova/Shutterstock
The goal should be to make a safe space for people to go beyond the health conversation. The new “support conversation” must allow people to talk about their health and non-health constraints, and the full range of support they need to move into appropriate work.
We do need to talk about mental health – the reality of people’s distress must never be undermined. But we need to talk about more than just mental health, and approach people’s work-related challenges with an appreciation that mental health problems rarely arise out of nowhere. We cannot understand capacity for work without understanding people’s wider social context.
Lastly, we really need to ditch the “any job” approach. It is the fit of a particular workplace and particular job with a person’s unique life circumstances that makes the difference as to whether work is feasible, fulfilling and sustainable.
Annie Louise Irvine has received research funding from the Economic and Social Research Council. She is affiliated with the ESRC Centre for Society and Mental Health, the University of York School for Business and Society, and serves as a non-executive Director for the organisation Better Connect.
Source: United Kingdom – Executive Government & Departments
Press release
Updated SORP: charities encouraged to respond to consultation and be ready for change
The joint SORP-making body has today launched a public consultation on the next version of the charities accounting and reporting framework.
The ‘Statement of Recommended Practice: Accounting and Reporting by Charities’ (‘the SORP’) ensures consistency and transparency across the sector, making charity accounts comparable, understandable and useful for donors, beneficiaries, and the public alike.
It has been updated following an extensive development process informed by the views of engagement partners and a sector specific SORP Committee.
The SORP-making body is now inviting comments on the draft as the feedback will help shape the final version, which is expected to be published in autumn 2025 and effective from January 2026.
The SORP has been updated to reflect changes introduced by the Financial Reporting Council (FRC) to FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland – and in particular to reflect changes to how charities will need to recognise certain types of income and certain types of leases in their accounts. The consultation is seeking views on how the revised requirements are explained in the context of charities. Charities are also encouraged to ready themselves for these two changes, the substance of which is already decided.
Improvements are also proposed in other areas that are within the discretion of the SORP-making body. These are to make the SORP more straightforward to navigate for charities, and to improve information for beneficiaries, donors and the public about how charity resources are stewarded. These proposed changes include:
introduction of 3 tiers based on income levels to ensure proportionate reporting, whilst also meeting the information needs of users
advancing reporting in important areas such as impact reporting, reserves, going concern and volunteers
introduction of proportionate reporting for environmental, social and governance issues.
The SORP-making body is keen to hear the views of charities, preparers, auditors and independent examiners of charity accounts, trustees, employees and beneficiaries of charities and others who may use charity accounts including donors, funders, financial supporters and other stakeholders.
Charity Commission for England and Wales Chief Executive David Holdsworth CEO, said:
Some charities have to prepare accounts using the Charities SORP, whilst others choose to do so. The framework promotes transparency and accountability over the stewardship of the resources charities hold, which is vital to public trust and confidence in the sector. This new draft has been developed through extensive engagement with experts including through the SORP Committee, and can be improved further through this formal consultation. I really encourage charities and others with an interest or experience to give us their feedback.
Charity Commission for Northern Ireland Chief Executive, Frances McCandless, said:
The SORP plays a crucial role in setting accountancy standards for charities. To ensure it evolves to meet modern expectations and supports those preparing, reviewing, and reading charity accounts, we need your input. This consultation is a key opportunity for those who use the SORP to shape its future. With implementation approaching in January 2026, and as FRS 102 will not be changing, now is also the time for charities to start thinking about how they can be ready to report under the new standards.
The Charities Statement of Recommended Practice (SORP) helps promote trust and confidence in charities by enhancing transparency and accountability of how a charity’s resources are managed. The Exposure Draft SORP has been developed by experts in charity finance to ensure that charities can keep up with developments in modern financial reporting. It’s with this in mind that I’d encourage charities applying the SORP and others to contribute to this consultation process, and take action now to prepare for the upcoming changes in accounting standards that are reflected in the Exposure Draft SORP.
ENDS
Notes to editors
More information about the Charity SORP, including the consultation on the ‘exposure draft’, can be found at https://www.charitysorp.org/
The Charity SORP applies to charities preparing accruals accounts under UK-Irish Generally Accepted Accounting Practice (GAAP). The SORP provides guidance on FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), as well as setting out sector specific requirements. More information about FRS 102 can be found here
Source: United Nations Economic Commission for Europe
The Yashil Makon Initiative is a nationwide program launched by the Government of Uzbekistan to transform environments across the country through sustainable development practices. This initiative seeks to expand and enhance green spaces, promote environmental stewardship, and improve the overall quality of life for citizens. It aligns with Uzbekistan’s broader commitment to the United Nations Sustainable Development Goals (SDGs) and its national strategy for environmental sustainability.
Uzbekistan’s Yashil Makon Initiative has been supported through a collaborative project by the Ministry of Ecology, Environmental Protection, and Climate Change of the Republic of Uzbekistan, the United Nations Development Programme (UNDP), the United Nations Economic Commission for Europe (UNECE), and the United Nations High Commissioner for Refugees (UNHCR).
The project objectives included tools and activities to support the effective and efficient implementation of the Initiative:
Developing a Master Plan for the Yashil Makon Initiative, encompassing technical guidelines for area selection, planting techniques, tree seedling standards, disease management, and productivity norms.
Enhancing the Yashil Makon inventory by upgrading the monitoring and information platform and implementing digital solutions.
Assisting in identifying and implementing early actions for carbon trading organization.
Creating income sources for local communities and Afghans residing in Surkhandarya by supporting local initiatives and research to establish productive nurseries/seedling bases.
The final workshop, held on 24 March 2025 in Tashkent, Uzbekistan at Central Asian University of Environmental and Climate Change Studies (Green University). The workshop concluded the project and shared its results. It also consolidated inputs from national and international experts and discussed implementation mechanisms, including technical guidance, financial models, and community-based approaches.
The Commission’s recently adopted Competitiveness Compass charts a clear course for the EU. It underscores the importance in ensuring sustainable prosperity in its competitiveness agenda while preserving its unique social market economy. Succeeding in this transition will the EU safeguard its sovereignty, economic security, and global influence.
As the continent transitions towards a net-zero economy, shaping a favourable market to develop and manufacture the clean technologies for this transformation is key. This is not just imperative to meet the EU’s climate neutrality target, but a significant opportunity for the EU to build a clean, innovative, and competitive economy in a carbon constrained world.
The forthcoming Clean Industrial Deal will play a central role in putting Europe on its desired path. It aims to secure the EU as an attractive location for manufacturing, including energy intensive industries, and to promote cleantech and new circular business models.
This year’s Cleantech Conference will explore the Clean Industrial Deal and how Europe is going to navigate the much-needed investment for decarbonisation. Notably, the conference will discuss how decarbonisation through innovation, thanks to initiatives like the Innovation Fund, can give the EU the upper hand in the race to climate neutrality.
Registration for onsite participation closes on 24 March 2025.
Source: United Kingdom – Executive Government & Departments
News story
Spring Statement heralds further boost to growth in Scotland
Scottish Secretary welcomes Chancellor’s £2.2billion defence budget boost to create more jobs and opportunities in the sector as part of Plan for Change
Growth is central to the Spring Statement announcements and Plan for Change, as Sec of State Ian Murray championed at the signing of the Argyll & Bute Growth Deal recently
Chancellor Rachel Reeves this week pledged a new era of security and national renewal as she delivered a Spring Statement to kickstart economic growth, protect working people and keep Britain safe.
Scottish Secretary Ian Murray has welcomed her measures, including a £2.2 billion increase in the UK-wide defence budget for 2025-26, on top of £2.9 billion announced at Autumn Budget.
Mr Murray said:
We are living in an increasingly insecure world, and the extra £2.2 billion for defence – on top of the £2.9 billion announced at Autumn Budget – will make Britain stronger and safer. This is a huge boost for Scotland’s world-leading defence sector, which delivers Scottish economic growth and more highly-skilled jobs. The increase will also mean better homes for our military personnel and families, including the thousands based in Scotland.
Today’s announcements underpin the great strides being made by the UK Government in achieving stability in our public finances. There have been three interest rate cuts since the general election. Next week the increase in the minimum wage will mean a pay rise for hundreds of thousands of workers in Scotland and our employment rights legislation will deliver the biggest upgrade in workers’ rights in a generation.
The Spring Statement also delivered an extra £28 million for the Scottish Government. That is on top of their £4.9 billion extra from the budget, creating a record £47.7 billion settlement for 25/26, announced at the Autumn Budget. This is the biggest budget settlement in the history of devolution and an end to austerity. The Scottish Government must now use that wisely – to improve Scotland’s failing public services.”
This latest defence boost builds on the Chancellor’s recent visit to Babcock in Rosyth where she also announced that UK defence exporters would benefit from a £2 billion increase to UK Export Finance lending capacity.
Her Spring Statement underlines that growth is at the heart of the UK Government’s Plan for Change with £13 billion of additional capital spend allocated alongside the defence funding boost.
It follows the Budget in the autumn where it was announced that the Scottish Government will be provided with a £47.7 billion settlement in 2025/26 – the largest in real terms in the history of devolution. This includes an additional £3.4 billion through the Barnett formula, with £2.8 billion for day-to-day spending and £610 million for capital investment.
The measures announced this week top up these Barnett consequentials by a further £28 million in 2025/26.
The Scottish Government continues to receive over 20% more per person than equivalent UK Government spending in the rest of the UK, translating into over £8.5 billion more in 2025-26. Block Grant funding from 2026-27 onwards will be confirmed at Phase 2 of the Spending Review, which concludes on 11 June 2025. The Chief Secretary to the Treasury will meet with his counterparts from the devolved governments to discuss their priorities ahead of its conclusion.
RALEIGH, N.C., March 28, 2025 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced the release of its 2024 Sustainability Report covering the calendar year 2024.
This report continues Enact’s transparency on its progress in areas vital to its sustainability pillars, priorities identified as critical to Enact’s long-term success by internal and external stakeholders. This year’s report provides new insights into Enact’s approach to sustainability with spotlights on additional facets of Enact’s sustainability initiatives, such as our third party risk management program, professional development programs, and Hurricane Helene relief response.
“On behalf of the Enact team, I am pleased to share our 2024 Sustainability Report,” said Rohit Gupta, President and CEO of Enact. “Enact remains committed to helping build stronger communities through homeownership, philanthropy, and volunteerism and we know that our continued growth and profitability are contingent in part on our continued focus on sustainability. This year’s report shows the areas where we’re focusing and the progress we’re making as we continue to deliver for all of our stakeholders.”
Safe Harbor Statement This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, guidance concerning the future return of capital and the quotations of management. These forward-looking statements are distinguished by use of words such as “will,” “may,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” “predict,” “project,” “target,” “could,” “should,” or “intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including risks related to an economic downturn or a recession in the United States and in other countries around the world; changes in political, business, regulatory, and economic conditions; changes in or to Fannie Mae and Freddie Mac (the “GSEs”), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs, including those offered by the Federal Housing Administration; and other factors described in the risk factors contained in our most recent Annual Report on Form 10-K and other filings with the SEC, may cause our actual results to differ from those expressed in forward-looking statements. Although Enact believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, Enact can give no assurance that its expectations will be achieved and it undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
About Enact Holdings, Inc. Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
This press release was published by a CLEAR® Verified individual.
MORRISVILLE, N.C., March 28, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that the U.S. Food and Drug Administration (FDA) has accepted its New Drug Application (NDA) resubmission for YUTREPIA™ (treprostinil) inhalation powder to treat pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The FDA confirmed that the resubmission was a complete, Class 1 response to the previous action letter issued on August 16, 2024, which granted tentative approval of YUTREPIA for both PAH and PH-ILD. The FDA has set a Prescription Drug User Fee Act (PDUFA) goal date of May 24, 2025.
Dr. Roger Jeffs, Ph.D., Chief Executive Officer of Liquidia, said: “We are pleased that the FDA has responded promptly to the resubmission that we filed on Monday. We look forward to working with the FDA over the coming months as we seek final approval for YUTREPIA and, in the meantime, will continue preparations to support a launch of YUTREPIA as soon as possible.”
About Liquidia Corporation Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.
Cautionary Statements Regarding Forward-Looking Statements This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines, including the potential for final FDA approval of the NDA for YUTREPIA, which may occur after the expiration of the exclusivity period of TYVASO DPI, if at all, the timelines or outcomes related to patent litigation with United Therapeutics in the U.S. District Court for the District of Delaware, litigation with United Therapeutics and FDA in the U.S. District Court for the District of Columbia or other litigation instituted by United Therapeutics or others, including rehearings or appeals of decisions in any such proceedings, the issuance of patents by the USPTO and our ability to execute on our strategic or financial initiatives, our estimates regarding future expenses, capital requirements and needs for additional financing, and potential revenue and profitability of YUTREPIA, if approved, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein. The FDA’s final action of the NDA for YUTREPIA could be delayed beyond the assigned PDUFA date. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information
Investors: Jason Adair Chief Business Officer 919.328.4350 jason.adair@liquidia.com
Media: Patrick Wallace Director, Corporate Communications 919.328.4383 patrick.wallace@liquidia.com
TEL AVIV, Israel, March 28, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”).
The annual report on Form 20-F, which contains Enlight’s audited financial statements, can be accessed at the SEC’s website at http://www.sec.gov, as well as via the Company’s investor relations website at http://www.enlightenergy.co.il/info/investors.
Enlight will provide a hard copy of its annual report on Form 20-F, including its complete audited financial statements, free of charge to its shareholders upon request.
About Enlight Renewable Energy
Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.
Contacts:
Yonah Weisz Director IR investors@enlightenergy.co.il
Erica Mannion or Mike Funari Sapphire Investor Relations, LLC +1 617 542 6180 investors@enlightenergy.co.il
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; the potential impact of the current conflicts in Israel on our operations and financial condition and Company actions designed to mitigate such impact; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.
These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Net claims of non-residents on India increased by US$ 11 billion during Q3:2024-25 and stood at US$ 364.5 billion in December 2024.
Foreign assets of Indian residents declined by US$ 40.1 billion and the claims of non-residents’ in India also declined by US$ 29.1 billion, resulting in increase in the India net foreign liabilities (Table 1).
The decline in Indian residents’ foreign assets during October-December 2024 was mainly on account of the decrease of US$ 70.1 billion in reserve assets.
Reserve assets, however, recorded an increase of US$ 13.2 billion over December 2023.
The fall in India’s foreign liabilities was due to the decline in inward direct and portfolio investments during the quarter, though trade credit, loans and currency & deposits recorded an increase.
Reserve assets accounted for 59.0 per cent of India’s total international financial assets in December 2024 (Table 2).
Variation in the exchange rate of rupee vis-a-vis other currencies impacted the change in liabilities, when valued in the US dollar terms.
The ratio of India’s international assets to international liabilities improved to 74.7 per cent in December 2024 from 73.1 per cent a year ago.
The share of debt liabilities in total external liabilities increased to 53.6 per cent in December 2024 from 52.9 per cent a quarter ago and 51.2 per cent a year ago (Table 3).
(Puneet Pancholy) Chief General Manager
Press Release: 2024-2025/2508
Table 1: Overall International Investment Position of India
(US$ billion)
Period
Dec-23 (PR)
Mar-24 (PR)
Jun-24 (PR)
Sep-24 (PR)
Dec-24 (P)
Net IIP (A-B)
-368.1
-361.2
-367.2
-353.5
-364.5
A. Assets
999.0
1,033.8
1,051.7
1,118.8
1,078.7
1. Direct Investment
236.5
242.3
246.4
253.8
260.2
1.1 Equity and investment fund shares
149.4
153.4
156.4
161.8
165.7
1.2 Debt instruments
87.1
88.9
90.0
92.0
94.5
2. Portfolio Investment
11.7
12.4
12.4
12.5
12.2
2.1 Equity and investment fund shares
9.5
10.9
10.7
11.2
9.4
2.2 Debt securities
2.2
1.5
1.7
1.3
2.8
3. Other Investment
128.3
132.7
140.9
146.7
170.6
3.1 Trade Credits
31.7
33.5
32.9
33.0
33.3
3.2 Loans
18.5
17.6
20.8
22.1
22.5
3.3 Currency and Deposits
44.3
53.5
57.7
56.1
68.7
3.4 Other Assets
33.8
28.1
29.5
35.5
46.1
4. Reserve Assets
622.5
646.4
652.0
705.8
635.7
B. Liabilities
1,367.1
1,395.0
1,418.9
1,472.3
1,443.2
1. Direct Investment
536.9
542.9
553.0
555.7
547.6
1.1 Equity and investment fund shares
505.6
511.1
520.8
523.2
513.6
1.2 Debt instruments
31.3
31.8
32.2
32.5
34.0
2. Portfolio Investment
268.7
276.8
276.9
293.8
276.0
2.1 Equity and investment fund shares
161.2
162.1
160.9
170.9
155.6
2.2 Debt securities
107.5
114.7
116.0
122.9
120.4
3. Other Investment
561.5
575.3
589.0
622.8
619.6
3.1 Trade Credits
123.3
123.7
125.9
130.9
135.1
3.2 Loans
215.0
221.9
224.9
239.8
241.0
3.3 Currency and Deposits
149.3
154.8
160.6
164.1
165.7
3.4 Other Liabilities
73.9
74.9
77.6
88.0
77.8
of which:
Special drawing rights (Net incurrence of liabilities)
22.2
21.9
21.8
22.4
21.6
Memo Item: Assets to Liability ratio (%)
73.1
74.1
74.1
76.0
74.7
Notes (applicable for all tables): 1. P: Provisional; PR: Partially Revised. 2. The sum of the constituent items may not add to the total due to rounding off.
Table 2: Composition of International Financial Assets and Liabilities of India
(per cent)
Period
Dec-23 (PR)
Mar-24 (PR)
Jun-24 (PR)
Sep-24 (PR)
Dec-24 (P)
A. Assets
1. Direct Investment
23.7
23.5
23.4
22.7
24.1
2. Portfolio Investment
1.2
1.2
1.2
1.1
1.1
3. Other Investment
12.8
12.8
13.4
13.1
15.8
4. Reserve Assets
62.3
62.5
62.0
63.1
59.0
Total
100.0
100.0
100.0
100.0
100.0
B. Liabilities
1. Direct Investment
39.3
38.9
39.0
37.7
38.0
2. Portfolio Investment
19.7
19.8
19.5
20.0
19.1
3. Other Investment
41.0
41.3
41.5
42.3
42.9
Total
100.0
100.0
100.0
100.0
100.0
Table 3: Share of External Debt and Non-Debt Liabilities of India
Councils throughout Northern Ireland celebrated as the ten award winners of the 2025 Local Government Awards were announced at an event hosted by Barra Best at the Game of Thrones Studio in Banbridge last night (Thursday 27 March).
Coordinated by the Northern Ireland Local Government Association (NILGA), the awards ceremony also marked the 10th anniversary of the newly established councils and the evolving role of councillors, who are vital in advocating and delivering for their communities and the wider region.
This year’s awards attracted 69 entries and were designed to celebrate the exceptional efforts of councils in their communities. They highlighted the innovative service provision, new initiatives, and the personal commitment of councillors, local government staff, and local government partners.
The award categories focused on showcasing the dedication, hard work, and creative approaches that local councils demonstrate daily, while also creating opportunities for local government staff and elected members to shine.
Armagh City, Banbridge and Craigavon Borough Council collected two awards on the night.
Food Heartland took home the award for ‘Best Outcome of the Past Decade Award.’ This council-led initiative connects farmers, food producers and chefs across the borough to work collaboratively to foster a vibrant food culture and showcase the region’s exceptional culinary offerings.
Local Government Awards 2025. Best Outcome of the Past Decade Award. Winner: Food Heartland – Armagh City, Banbridge & Craigavon Borough Council. The award was presented by Jonathon Carr West, CEO, LGiU.
ABC Place Plans, which helps to empower communities, promotes collaboration and integrates sustainability to strengthen civic pride, enhance wellbeing and ensure long-term prosperity and resilience of our towns and cities, won the ‘Innovative Planning for the Future Award.’
Local Government Awards 2025. Innovative Planning for the Future Award Winner: ABC Place Plans – Armagh City, Banbridge and Craigavon Borough Council. The award was presented by Stephanie Singer, Director, Quadra Consulting.
NILGA President, Cllr Alison Benningtonstated, “Councils across Northern Ireland are committed to enhancing the communities they serve while also supporting broader government and civic initiatives. Our councils undertake valuable work and dedicate time and resources to modernise and improve their areas for local communities, businesses, and visitors, as well as for wider government and civic society.
“The Local Government Awards are a testament to these services and provide benchmarks for broader government. They offer fantastic learning tools for councils in an environment where every penny and resource counts.
“We can improve by learning from the best. This is a passion of NILGA, which is evident in each of our ambitious and resourceful councils. Congratulations to our winners and finalists and thank you to everyone who took the time to nominate and support the 2025 Local Government Awards.”
Celebrating a “Decade of Achievement” for Northern Ireland’s councils, Communities Minister Gordon Lyons said “Councils play a central role in delivering a wide range of services and in helping to develop and grow the local economy – making life better for all our citizens.
The Minister continued, “Councils have made significant progress, taking on planning responsibilities, introducing Community Planning, and working in partnership with central government to develop and deliver City and Growth Deals. This has brought decision-making closer to local communities, ensuring services are tailored to meet specific needs. Local councils have also driven economic regeneration by partnering with businesses, investing in infrastructure, and promoting tourism. Initiatives like Labour Market Partnerships and the £1 billion investment in City and Growth Deals are creating jobs, boosting entrepreneurship, and enhancing connectivity.”
APSE Chief Executive Mo Bainesremarked, “Across local government, day in and day out, our unsung frontline heroes go above and beyond to deliver for their local communities. The Local Government Awards highlight their commitment to the goals of continuous improvement and excellence in public services. From maintaining beautiful parks and managing waste collection to attracting businesses and promoting arts, culture, and leisure, it is a privilege to recognise the fantastic work that local councils do on the front lines.”
The awards cover ten categories, with sponsor partners and support bodies including agendaNi, the Association for Public Service Excellence (APSE), CCLA Good Investment, Greenwich Leisure Limited (GLL), Hays Recruitment, the Local Government Information Unit (LGiU), the Local Government Staff Commission (LGSC), Quadra Consulting, the Small Business Research Initiative (SBRI), and the William Johnston Memorial Trust (WJMT).
Also shortlisted for the awards were the Inclusive ABC Initiative (Local Government Equality, Diversity and Inclusion Award), Council-wide Quality Management System (Best Use of Data and Technology Award) and ABC Safeguarding Officer, Gary Scott (Employee of the year).
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Deputy Prime Minister Alexey Overchuk spoke at the plenary session of the International Economic Forum of the CIS Member States “New Impetus for the Development of the Greater Eurasian Partnership” held in Moscow.
From the transcript:
A. Overchuk: Good afternoon, dear colleagues!
Alexey Overchuk’s speech in the format of a video address at the plenary session of the International Economic Forum of the CIS Member States “New Impetus for the Development of the Greater Eurasian Partnership”
15 hours ago
Thank you very much for the opportunity to share my thoughts on the development of the Greater Eurasian Partnership. The initiative to create the GEP was put forward by the President of the Russian Federation Vladimir Vladimirovich Putin in his Address to the Federal Assembly back in 2015. Everything that has happened in the world over the past 10 years convinces us that there is no alternative to this path.
We are witnessing a change in the world order around us. This transformation is based on a set of factors that have caused new problems and contradictions to emerge and have exacerbated old conflicts. As a rule, the underlying cause of any conflicts that humanity has faced in its history is always access to resources, including food, energy, raw materials, labor, and markets.
Every time history brought productive forces to a new level of development, humanity had a need for new resources. As a rule, this led to conflicts related to redistribution.
The modern transformation affects issues of food and energy security, as well as new technologies, the implementation of which requires intensive use of critical raw materials and rare earth elements. Their supply is quite limited, and therefore control over them is critically important for the implementation of a new technological turn and maintaining or acquiring leadership positions in the world.
The solution to the objective problems of our time requires approaches based on the mutual desire to build mutually beneficial relations and cooperation between sovereign states in the interests of the common good, well-being and security of peoples.
In this context, the initiative of the President of the Russian Federation Vladimir Vladimirovich Putin to form the Greater Eurasian Partnership is particularly relevant. It is designed to prevent the segmentation of international contacts, their disintegration into disparate blocks and structures, which reduces the overall efficiency of economic activity. The BEP will create a reliable material basis for ensuring sustainable economic growth – a seamless transport and logistics system, a self-sufficient payment architecture, a multilateral platform for innovative cooperation, a wide network of economic corridors.
The Russian leadership calls for the formation of a contour of equal and indivisible security, mutually beneficial, equitable cooperation and prosperity on the Eurasian continent in the foreseeable future. A special role in the new Eurasian system of security and development is given to issues of the economy, social well-being, integration and mutually beneficial cooperation, solving such problems as overcoming poverty, inequality, climate, ecology, developing mechanisms to respond to the threats of a pandemic and crises in the global economy.
The Eurasian centers of the multipolar world are based on integration projects, which, as a rule, are formed around large sovereign economies or geographic regions. In the post-Soviet space, integration is of a multi-level nature, which reflects a respectful attitude towards the readiness of individual countries to deepen bilateral and multilateral ties, as well as to participate in the creation of supranational regulatory instruments and the assumption of corresponding obligations. Here we are talking about the Union State of Russia and Belarus, the Eurasian Economic Union and the Commonwealth of Independent States.
Other integration projects taking shape around major economies and geographic regions of Eurasia include China’s Belt and Road Initiative, the Association of Southeast Asian Nations, the Gulf Cooperation Council, and the Organization of Turkic States.
In turn, the sovereign states of Eurasia participate in such system-forming structures as the Shanghai Cooperation Organization, as well as in BRICS and APEC, which go beyond the geography of Eurasia. It is obvious that these associations have the potential to develop into international platforms where joint decisions will be developed that affect the interests of integration entities formed around the large economies and geographic centers of Eurasia, and interaction with the countries of the global South and the Pacific Ocean basin will be carried out.
The result of the consolidation of efforts of all participating states and integration entities will be the Greater Eurasian Partnership, which in its essence will be an integration of integrations, giving impetus to sustainable development, socio-economic progress, the development and application of new technologies, the improvement of transport and logistics connectivity, as well as the strengthening of cultural and other ties between the peoples of Eurasia.
The implementation of this vision will require the convergence of integration projects based on the harmonization of regulatory requirements for financial markets, the conduct of fair multilateral trade and investment, the development of industrial cooperation and the formation of sustainable international value chains, the strengthening of the common contractual framework in matters of food and energy security, environmental protection, as well as the coordination of technological, information and communication, infrastructure and cultural development in Eurasia.
The construction of the BEP must be carried out in compliance with the principles of international law, respect for interests, consideration of regional and cultural characteristics and levels of development of individual participants, as well as decision-making based on consensus. This is the spirit that we are able to maintain within the Union State, the EAEU and the CIS, so these associations can become an example for developing the mechanisms of the BEP.
The CIS experience and its active involvement in the “integration of integrations” project are necessary for the successful development of Greater Eurasia. After all, within the Commonwealth, a solid regulatory framework and effective tools for the development of historically established trade, economic and humanitarian ties have been created. These developments can be applied throughout the Eurasian continent.
It is important that the association is in excellent shape, as evidenced by economic indicators. According to the CIS Statistical Committee, the growth of industrial production for January-October 2024 was 4.2%, the volume of freight traffic – 7.4%, retail turnover – 7.7%. The Commonwealth’s GDP for three quarters of 2024 compared to the same period in 2023 increased by 4.4%. Such successes were largely achieved thanks to the development of industrial cooperation, movement along the path of strengthening technological sovereignty based on science and innovation.
Our trade and economic relations within the Eurasian Economic Union are built in the logic of the values and ideas underlying the Greater Eurasia project. The EAEU’s commitment to unlocking its potential as one of the economic centers of the BEP is enshrined in the Declaration on the Further Development of Economic Processes within the EAEU until 2030 and for the Period up to 2045, “The Eurasian Economic Path”, adopted following the meeting of the Supreme Eurasian Economic Council in St. Petersburg on December 25, 2023. In this strategic document, the heads of state of the EAEU declared their desire to achieve by 2045 the transformation of the EAEU into a self-sufficient, harmoniously developed and attractive macro-region for all countries of the world, possessing economic, technological and intellectual leadership and maintaining a high level of well-being of the population of the member states.
Work in this area has a positive effect on economic indicators. Thus, in 2024, the EAEU GDP increased by 4.2%. For the EU, for example, the similar indicator, according to preliminary estimates, was only 0.8%.
The experience of the EAEU can also be a good support for building a space of well-being and prosperity in Eurasia. In particular, the elimination of non-tariff barriers in the EAEU by switching to uniform mandatory requirements for EAEU goods (uniform SPS requirements, uniform technical regulations), as well as the elimination of customs control annually for the period 2015-2023, provided a sustainable increase in the growth rate of the EAEU GDP in the amount of 14.5 billion US dollars. Mutual trade of the EAEU due to these measures was on average 24% higher.
The EAEU has already achieved significant success in the international arena. The dialogue is being strengthened based on memorandums of cooperation. Important steps in terms of forming the BEP have already been made based on such agreements with the secretariats of the SCO and ASEAN.
Free trade agreements have been concluded with Vietnam, Serbia and Iran. The latter has recently also become an observer state in the EAEU. The coordination of FTA agreements with a number of other countries is in the final stage. According to our estimates, entering into new FTA agreements could expand the preferential sales market for the union from the current 480 million people to almost 880 million people.
Dialogue with China is actively developing, with which the EAEU has created a solid basis for interaction in the form of two existing non-preferential trade agreements that underlie the integration of economic processes within the union with the One Belt, One Road initiative.
The joint search for new solutions and synchronization of the development of integration projects, as well as infrastructure initiatives, work for the benefit of regional interconnectedness, increase the weight of our economies, and form the basis on which a new architecture of global economic relations in Eurasia and beyond can be built.
Thank you!
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.
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Deputy Prime Minister Alexander Novak held a meeting at the Government Coordination Center on improving the investment climate in the constituent entities of the Russian Federation that are part of the North Caucasus Federal District. The meeting was attended by Minister of Economic Development Maxim Reshetnikov, Minister of Construction and Housing and Utilities Irek Fayzullin, Minister of Energy Sergey Tsivilev, representatives of federal executive bodies, heads and representatives of constituent entities that are part of the North Caucasus Federal District, representatives of development institutions, investment banks, as well as PJSC Gazprom, OOO Gazprom Mezhregiongaz, PJSC Rosseti, JSC Kavkaz.RF, JSC Rosagroleasing, etc.
“One of the tasks set by the President is to achieve the national goal of a sustainable, dynamic economy. A national project has been formed, the goals of which also include ensuring investment growth by 60% by 2030. Of course, the regions will play a decisive role in solving this problem: the quality of work with businesses, the effectiveness of investments and the speed of project implementation depend on them. Let me remind you that, based on the results of last year, very good results were achieved in terms of investment growth rates – plus 7.4%, in 2023 the growth was 9.8%. In total, this is almost 20% of accumulated growth,” said Alexander Novak, opening the meeting.
The Deputy Prime Minister emphasized the significant role of investment activity in the North Caucasus in achieving the national goal of investment growth. “The Federal District demonstrates historical leadership in core non-resource industries, including light industry and the agricultural sector. The infrastructure and transport and logistics potential of the district serve as the basis for reorienting the country’s foreign economic activity from the West to the South. In the North Caucasus Federal District, as in other regions of Russia, private investment plays a key role – it should become the main driver of growth. The priority task is to create favorable conditions through various formats of investor support, including risk sharing, access to long-term money and improvement of the administrative and legal environment,” said the Deputy Prime Minister.
He named three main areas of work in the North Caucasus Federal District.
The first is the creation of institutional conditions at the local level by introducing a regional investment standard. This work needs to be expanded from the federal and regional to municipal levels. The next stage should be a systemic restart of work to improve the investment climate. To this end, on the instructions of the President, the Ministry of Economic Development, together with the Agency for Strategic Initiatives, is forming a national business model.
The second direction is related to the replication and fine-tuning of federal support instruments. The project financing factory, mechanisms of agreements on the protection and encouragement of capital investments are in demand. An important instrument for attracting investment to the regions are special economic zones and PPP mechanisms, infrastructure instruments and targeted support measures.
The third block of work should be aimed at increasing the investment attractiveness of the subjects of the North Caucasus Federal District – solving issues related to the specifics of the regions. In this direction, it is necessary to solve the problems of increasing the activity of credit institutions, as well as trust in investors implementing projects in the Caucasus. Regions need to work more actively to bring business out of the shadows.
Minister of Economic Development Maxim Reshetnikov and Minister of Energy Sergey Tsivilev reported on the achievements in the field of breakthrough investment projects in the Caucasus and on the progress of the implementation of programs for the modernization of the energy infrastructure of the North Caucasus Federal District. In order to ensure sufficient power supply capacity for the population and industry, the task was set to combat illegal cryptocurrency mining in the region.
According to the Minister of Construction and Housing and Utilities Irek Faizullin, the collection of payments for housing and utilities services in the North Caucasus Federal District remains low: in a number of regions it does not exceed 43%. He also paid special attention to the problems of accidents in heating networks, the need to update the water disposal infrastructure and compliance with the deadlines and quality of construction of infrastructure facilities in the housing and utilities sector, etc.
Following the meeting, Alexander Novak instructed the authorities of the North Caucasus Federal District regions to actively engage in targeted work with businesses, inform entrepreneurs and SMEs about available opportunities, including new government support measures. The Agency for Strategic Initiatives, together with the Ministry of Economic Development, was instructed to introduce indicators for assessing the use of government support measures in the North Caucasus Federal District, as well as to work out the launch of new programs together with development institutions and investment banks, taking into account the existing experience of applying support measures for breakthrough investment projects.
The Deputy Prime Minister paid special attention to the need to bring the collection rates for energy supply, gas and housing and communal services to the level of the Russian average. To this end, he instructed to implement the best available practices and tools for improving payment discipline used in the leading regions of Russia, including those subjects of the North Caucasus Federal District where the collection rate exceeds 98%. The regions should exchange information with each other on the use of such practices. Gazprom, together with regional authorities, was instructed to consolidate abandoned networks in order to minimize gas losses in them, and to monitor work to prevent emergency situations. Rosseti will have to analyze the implementation of the Rosseti North Caucasus program of measures to reduce losses in power grids, as well as analyze their investment program to determine measures to develop regional energy systems.
At the end of the meeting, Alexander Novak invited representatives of federal and regional executive authorities, as well as representatives of development institutions, banks and businesses to take part in the Caucasus Investment Forum, which will be held in the city of Mineralnye Vody in Stavropol Krai on May 25–27. The Deputy Prime Minister called the forum an important discussion platform that helps increase the investment attractiveness of the region. “Last year, 100 agreements worth more than 106 billion rubles were signed at the forum, including 7 agreements with foreign companies. Therefore, I count on your active participation in the forum, as well as companies and partners from your regions,” said Alexander Novak.
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.
(COLUMBIA, S.C.) – Attorney General Alan Wilson announced today that the Money Services Division of the South Carolina Attorney General’s Office (the “Money Services Division”) joined a settlement with money transmitter Sigue Corporation (NMLS ID 915912) (“Sigue”) in connection with Sigue’s failure to fulfill its obligations to customers during its collapse last year.
This settlement comes one year after financial regulatory agencies from 39 states, Puerto Rico, and the District of Columbia ordered the company to cease engaging in any further money transmission activities due to Sigue’s declining financial position. As Sigue’s financial condition deteriorated, the company failed to complete multiple money orders and transmissions, including those for consumers in South Carolina, and failed to maintain adequate net worth and permissible investments to cover outstanding liabilities, both violations of state money transmission law.
Under the terms of the settlement agreement, Sigue surrendered its money transmitter license. Additionally, Sigue’s owner, Guillermo de la Viña, has agreed to refrain from any position of management, control, or employment with any money transmitter unless first approved by the Money Services Division.
Furthermore, this settlement agreement also requires Sigue and Guillermo de la Viña to resolve Sigue’s failure to meet its outstanding liabilities. Pursuant to the settlement agreement, customers may file claims for refunds by following the instructions on Sigue’s website (https://sigue.com/). Sigue will maintain its public website for two years to provide this information directly to consumers.
If Sigue fails to comply with the terms of the settlement agreement or fails to provide information needed to process customer bond claims, Sigue will pay a $1,000,000 monetary penalty to be divided equally amongst the jurisdictions that entered into the settlement agreement with Sigue.
The Money Services Division can be reached by calling 803-734-1221 or by email at [email protected]. Consumers can learn more about the Money Services Division by visiting the Attorney General’s Office website at https://www.scag.gov/inside-the-office/legal-services-division/money-services/ or can submit a complaint at https://tinyurl.com/SCMSB.
BIRMINGHAM, Mich., March 28, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, today announced the addition of Ted Edginton as its new Producing Branch Manager in Bloomfield Hills, Michigan. With over 22 years of career experience as a senior loan officer, Edginton has a track record of success, industry knowledge, and a client-first approach to Rate’s team.
Edginton joins Rate after over two decades with U.S. Bank, where he built a reputation for top-tier service and consistent production. Recognized for his high volume and unit production year after year, he has been a member of the President’s Circle and Legends of Possible since 2008.
“My team and I made a strategic move to Rate because of the strength of its product offerings and focus on the client experience,” said Edginton. “With Rate’s platform, I can serve my clients faster, more efficiently, and with more options tailored to their needs with less stress. I’m excited to bring this level of service to even more people in my community.”
Known for his commitment to service, Edginton prides himself on being accessible to clients, outlining a clear path to the finish line, and treating every borrower like family. His expertise spans a wide range of products, including VA, FHA, Construction-Perm/Rehab, Reverse, Physician, programs for the self employed, and other unique Portfolio Loans.
“We’re all very excited to welcome Ted to the Rate team,” said Jeff Nelson, Chief Production Officer-East at Rate. “His expertise and success are a wonderful addition to a great Rate family.”
Beyond his professional accomplishments, Edginton is actively involved in the local community, including the Greater Metropolitan Association of Realtors (GMAR) in Southeast Michigan and the Michigan Realtors Association. He also was the first non-Realtor inducted into the Realtor Hall of Fame in Washinton D.C. and is continually recognized in Hour Magazine as an annual Mortgage All Star. His dedicated engagement reinforces his strong referral network and commitment to supporting local agents and clients.
With this move, Rate continues to expand its footprint in Michigan, focusing on personalized service, powerful products, and a team of trusted experts like Edginton.
About Rate
Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.
WASHINGTON, DC – Mortgage rates are now expected to end 2025 and 2026 at 6.3 percent and 6.2 percent, respectively, downward revisions of three-tenths for each, according to the March 2025 commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The lower mortgage rate outlook resulted in a small upward revision to the ESR Group’s existing home sales outlook in 2025, though expectations for total home sales remain subdued. On a Q4/Q4 basis, real gross domestic product (GDP) is now expected to be 1.7 percent in 2025 and 2.1 percent in 2026, modest downward revisions owing to weaker incoming data and greater clarity on trade policy.
“We expect the recent pullback in mortgage rates will provide a small boost to home sales this year,” said Mark Palim, Fannie Mae Senior Vice President and Chief Economist. “While our latest forecast calls for a period of modestly slower economic growth, historically, interest rates have been the most important driver of home sales. We think mortgage rates will move even lower within the next quarter and ultimately close the year at approximately 6.3 percent, which could be low enough to generate some extra sales from any would-be buyers still waiting on the sidelines.”
Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae’s Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
About the ESR Group Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets.
dalla Rivista Illustrata della Esposizione Missionaria Vaticana
by Fabio BerettaVatican City (Agenzia Fides) – Books, black and white photographs, artifacts from deserts and tropical rainforests. Letters with testimonies and accounts of excursions to impenetrable and inaccessible areas, along with bird and reptile eggs. The Vatican Missionary Exposition, held exactly one hundred years ago, offered a fascinating tour of the cultural diversity and universality of the Church’s mission. In 1925, on the occasion of the Jubilee, the Vatican Gardens hosted this great exhibition, which attracted pilgrims and visitors from all over the world. The exhibition not only reflected the richness of cultures and geographies, but also the universal scope of the mission of liberation and salvation entrusted by Christ to His Church.The initiative was promoted by Pius XI, who personally financed and supervised the realization of this unprecedented exhibition.Pope Ratti had been nurturing this idea for some time, and the project took shape in a record time of two years. The compass that guided Pius XI in the creation of the Vatican Missionary Exposition was his deep commitment to missionary work, shared with his predecessor Benedict XV. It was the latter who, in 1919, signed the Apostolic Letter Maximum illud, “on the work of missionaries throughout the world”. Historian André Rétif defined Achille Ratti as “the Pope of the missions” for the decisive impulse he gave to the evangelizing work of the Church of Rome.That period was marked by numerous initiatives and innovations that reflected the strength, audacity, and creativity of the missionary spirit. In 1926, Pius XI instituted World Mission Sunday, consolidating the Church’s universal commitment to evangelization. That same year, at the Janiculum, the transfer of the Pontifical Urbaniana Athenaeum, the precursor to today’s Pontifical Urbaniana University, intended for the training of seminarians from mission territories, was completed. A year later, in 1927, Fides Agency was founded, the Church’s first missionary agency.The Vatican Missionary Exposition, inaugurated in 1925, had a clear purpose: “To gather and exhibit in this City, the capital of the world, everything that can shed light on the nature and activity of the Catholic missions, on the places where they operate, in a word, everything related to them,” wrote Pius XI himself.To bring his project to fruition, Pius XI entrusted the organization of the Vatican Missionary Exposition to Dutch Cardinal Willem Marinus Van Rossum, then Prefect of the Sacred Congregation for the Propagation of the Faith (today the Dicastery for Evangelization – Section for the First Evangelization and the New Particular Churches). Following the Pope’s instructions, Van Rossum initially convened, in a consultative capacity, the Procurators and Representatives of the Missionary Institutes residing in Rome. However, the initiative took official status on April 24, 1923, when Pius XI sent him a letter granting him full authority to hold the event. In order to organize the Exposition, Van Rossum created a Steering Committee, which included Angelo Roncalli, who was elected Pope John XXIII in 1958. In addition, a thirty-six-member subcommittee was formed, composed of representatives from various missionary institutes.Pius XI’s decision to promote this event transcended the religious sphere. In a Europe still traumatized by the First World War, the Pope saw in the Exposition a message of hope and a testimony to the role of the Church in a world marked by secularization. Through the Expositions, the Church not only communicated its mission but also sought new forms of expression to bring its message to the contemporary world. The scale of the project was exceptional: enormous resources were allocated to ensure the success of the Vatican Missionary Exposition. Set up in the gardens adjacent to the Vatican Museums, the Exposition pavilions were divided into two large blocks along geographical lines: the Holy Land, America, parts of Asia, and Indochina in the Pine Garden Courtyard; China, Japan, Oceania, and Africa in the adjacent garden. In the Chiaramonti Museum gallery, stands were set up dedicated to the travels, exploits, and stories of all the Missionary Institutes participating in the Expo. In addition, a separate pavilion was dedicated to the theme of hygiene and medicine, highlighting the healthcare work of missionaries. The complex covered an area of approximately 10,000 square meters, with a total of thirty-eight pavilions.The inauguration took place on December 21, 1924, a few days before the opening of the Holy Door of St. Peter’s Basilica, and was presided over by the Pope, accompanied by diplomats and several members of the Roman Curia. It was decided to also publish the “Illustrated Magazine of the Vatican Missionary Exhibition”, biweekly: the first issue was published on December 15, 1924. It consisted of a 32-page booklet, richly illustrated and could be purchased for 160 Italian lire.The main objective of the exhibition was to document the missionary activities and highlight all the apostolic work supported by the Church in mission. In addition to books and artifacts, visitors were also shown maps of the most remote places in the world, along with information compiled by the missionaries on the mineralogy, flora, and fauna of the mission lands.In one of the pavilions, visitors could consult two complete collections of the magazine “Les Missions Catholiques” and a double collection of the “Annals of the Propagation of the Faith.” These publications, dedicated exclusively to missionary work, composed of 158 volumes, illustrated with more than 15,000 reproductions of sketches, drawings, and photographs sent by the missionaries themselves. The goal was to make known the stories linked to missionary work, the concrete fruits of evangelization, and the numerous testimonies of men and women transformed by their encounter with the Gospel. Furthermore, they sought to awaken solidarity and support, both material and spiritual, for the Church’s work in missionary lands. At the same time, these publications served to counter the manipulated representations of critics who attempted to discredit missionary work by labeling it “obscurantism.”A year after the Exposition, and at the request of Pius XI, some 40,000 works were selected from those on display and brought together in the first Missionary Ethnological Museum in history. One hundred years later, many of these works are on display today in the Vatican Museums, in the section entitled “Anima Mundi Ethnological Museum.” (F.B.) (Agenzia Fides, 28/3/2025)
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Source: United Kingdom – Executive Government & Departments
World news story
British Ambassador visits Peten to strengthen conservation of the Mayan Forest
UK assistance continues advancing forests protection and sustainable livelihoods of communities in Peten, as the British Ambassador endorses a conservation agreement during her visit.
Ambassador Juliana Correa visited Petén on 26-28 March to learn about the progress of projects supported by DEFRA’s Biodiverse Landscapes Fund (BLF). She met with local authorities, implementing partners and communities.
On 26 March Ambassador Correa had discussions with representatives of the National Council of Protected Areas (CONAP) about the achievements and challenges in natural resource management in the region. She also met with implementing partners of the Guatemalan Mayan Forest sub-landscape, who presented progress in ecosystem restoration, fire prevention, and sustainable forest management.
Representatives of the communities of Cruce a La Colorada, La Pasadita, Paso Caballos, San Miguel, and San Miguel Poptún, explained to the Ambassador how their Climate-Smart Community Development Plans were helping them to better adapt to the effects of climate change and improve their environmental resilience.
During a visit to Uaxactun on 27 March, the Ambassador participated as witness in the signing of a Conservation Agreement between the BLF’s leading implementing organization Wildlife Conservation Society (WCS), CONAP, and other partners, reaffirming the United Kingdom’s commitment to protecting forests and strengthening community governance models. As part of the focus on sustainability, she visited a forest nursery and a community sawmill, where she learned about the impact of responsible forest management and its contribution to the local economy.
DEFRA’s Biodiverse Landscapes Fund seeks to strengthen the resilience of ecosystems and communities in regions of high ecological value, such as the Mayan Rainforest. The UK is investing in precious areas covering Guatemala and Belize, which compose the largest tropical forest in Mesoamerica and is a refuge for endangered species. The BLF’s activities in Peten are carried out by WCS, and other implementing partners.
Almost 40% of respondents use it constantly, more than half are ready to stop visiting branches of financial institutions.
INregulator surveys people with vision or hearing loss and musculoskeletal disorders took part. Most of them noted that remote access to the account has become easier and more convenient. However, visually impaired people still find it difficult to use websites and mobile applications rich in graphic and interactive elements, since they are not always well deciphered by special adaptive programs.
Let us recall that the Bank of Russia recommended All financial institutions should adapt and actively use their remote channels to provide financial and support services to people with disabilities, provide them with consultations with an employee, not a chatbot, and identify and take into account their special needs in advance.
In general, such clients have begun to use bank accounts and open deposits more often, and to take out insurance more actively, including voluntary types of insurance, but still much less than other citizens. The main limitations are the complexity of the conditions and the high cost of insurance products for this category of citizens.
Preview photo: Timur Malazoniia / Shutterstock / Fotodom
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
Ukraine has received a revised minerals agreement from the United States, Ukrainian First Deputy Prime Minister and Economy Minister Yulia Svyrydenko said Friday.
“This is a working version, which essentially reflects the position of American legal advisers. We are forming our position,” Svyrydenko was quoted as saying by the Interfax-Ukraine news agency.
The Ukrainian government will submit the agreement for parliamentary consultation once a final consensus is reached with the U.S. partners, she added.
Last month, the Ukrainian government approved a deal with the United States, which envisages a joint investment fund to be financed with future revenues from Ukraine’s mineral resources.
The deal was set to be inked on Feb. 28 in Washington. But its signing was postponed after a public spat between visiting Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House.
Billy Frank Jr., left, a Nisqually tribal elder, was arrested dozens of times while trying to assert his native fishing rights during the ‘Fish Wars’ of the 1960s and 1970s. In this 2014 photo, he stands with Ed Johnstone of the Quinault tribe.AP Photo/Ted S. Warren
Long before the large-scale Earth Day protests on April 22, 1970 – often credited with spurring significant environmental protection legislation – Native Americans stewarded the environment. As sovereign nations, Native Americans have been able to protect land, water and air, including well beyond their own boundaries.
Their actions laid the groundwork for modern federal law and policy, including national legislation aimed at reducing pollution. Now the Trump administration is seeking to weaken some of those limits and eliminate programs aimed at improving the environments in which marginalized people live and work.
As an environmental historian, I study how Native Americans have shaped environmental management. Tribal nations are the longest stewards of the lands today known as the United States. My work indicates not only that tribal nations contributed to the origins and evolution of modern environmental management on tribal and nontribal lands, but also that they are well poised to continue environmental management and scientific research regardless of U.S. government actions.
Environmental sovereignty
Native peoples stewarded and studied their environments for millennia before European colonization. Today, Native nations continue to use science, technology and Indigenous knowledge to benefit their own people and the broader population.
Their stewardship continues despite repeated and ongoing efforts to dispossess Native peoples. In 1953, Congress reversed centuries of federally recognizing tribal authority, passing a law that terminated tribal nations’ legal and political status and federal obligations under treaties and legal precedents, including requirements to provide education and health care.
A groundswell of Native American resistance captured national attention, including protests and tactics such as “fish-ins,” which involved fishing at traditional grounds guaranteed by treaties but not honored by land use at the time. Their efforts led federal courts to affirm the very rights termination had sought to expunge.
Native nations regained federally recognized rights and political power at the same time as the national environmental awakening. In fact, tribal nations exercised environmental sovereignty in ways that restored federal recognition and influenced broader U.S. environmental law and policy.
As early as 1974, the Northern Cheyenne Tribe in southeastern Montana began monitoring its own air quality. Finding that its air was substantially cleaner than other areas of the country, the tribe used a new approach to push the Environmental Protection Agency to approve enhanced protections beyond the minimum federal standards. The Northern Cheyenne wanted to prevent polluting industries from moving into locations with cleaner air that could be polluted without exceeding the federal limits. That protection was codified in the 1977 Clean Air Act amendments, which established legal protections and a process for communities to claim greater pollution protections nationwide.
In 1978, the Northern Cheyenne used their higher standards to limit pollution sources on private land upwind of tribal lands, temporarily blocking the construction of two additional coal-fired power plants.
Within a decade, the Assiniboine and Sioux nations at Fort Peck and the Confederated Salish and Kootenai Tribes also claimed enhanced air protection and developed air quality monitoring programs even before most state governments did. Dozens of tribal nations have taken control of their air quality in the years since.
Native nations also exercise sovereignty over waterways. In the Pacific Northwest, people whose ancestors have lived in the area for at least 16,000 years have moved to protect themselves and their lands from the effects of massive hydropower projects.
When four dams were built on the lower Snake River in Idaho in the 1960s, they inundated ancestral lands and fishing grounds of Columbia River Native Americans, including the Nez Perce Tribe. The dams decimated fish populations many tribes have long relied upon for both sustenance and cultural practices and destroyed ancient and culturally significant fishing sites, including Celilo Falls near The Dalles, Oregon, which had been fished for at least 10,000 years.
Nez Perce scientists and environmental managers, working alongside other Northwest tribes, have documented the near extinction of numerous species of salmon and steelhead fish, despite federal, state and tribal agencies investing billions of dollars in hatchery programs to boost fish populations. The Nez Perce Department of Fisheries Resources Management protects and restores aquatic ecosystems. In collaboration with nearby communities, the tribe also restores significant areas of habitat on nontribal lands. That includes decommissioning many miles of logging roads, removing mine tailings and sowing tens of thousands of native plants.
As part of a collaboration between federal agencies and Native tribes, juvenile coho salmon are released into the Columbia River Basin. AP Photo/Gillian Flaccus
Taking a long view
Native Americans and tribal nations see environmental sovereignty as essential to their past, present and future.
Over the decades, Native nations have partnered with federal agencies and used federal laws and funds to manage their environments. They have also built connections between tribes and nations across the continent.
For instance, the Columbia River Inter-Tribal Fish Commission coordinates and assists Columbia Basin tribes with environmental management and fishing rights. In northern New Mexico, the Indigenous women of Tewa Women United work against the legacy and ongoing effects of nuclear research affecting their homelands and communities from Los Alamos National Laboratory.
Across the U.S., the Indian Land Tenure Foundation works with Native peoples to secure control of their homelands through land return and legal reforms, while Honor the Earth organizes Indigenous peoples in North America and globally to advance social change rooted in Indigenous sovereignty through treaty organizing and advocacy.
Tribal governments have been hit hard by the shifts in federal priorities, including Trump administration funding cuts that have slowed scientific research, such as environmental monitoring and management on tribal lands.
I have conducted research for the National Park Service as an employee of the University of New Mexico’s School for Architecture and Planning. My research at the University of Idaho has been partially supported by the U.S. National Science Foundation’s Established Program to Stimulate Competitive Research.
The remarkable successes of the decades-old partnership between biomedical research institutions and the federal government are so intertwined with daily life that it’s easy to take them for granted.
The negative consequences of defunding U.S. biomedical research can be difficult to recognize. Most breakthroughs, from the basic science discoveries that reveal the causes of diseases to the development of effective treatments and cures, can take years. Real-time progress can be hard to measure.
As biomedicalresearchers studying infectious diseases, viruses and immunology, we and our colleagues see this firsthand in our own work. Thousands of ongoing national and international projects dedicated to uncovering the causes of life-threatening diseases and developing new treatments to improve and save lives are supported by federal agencies such as the NIH and NSF.
Considering a few of the breakthroughs made possible through U.S. federal support can help illustrate not only the significant inroads biomedical research has made for preventing, treating and curing human maladies, but what all Americans stand to lose if the U.S. reduces its investment in these endeavors.
Basic science research on what causes cancer has led to new strategies to harness a patient’s own immune system to eliminate tumors. For example, all 12 patients in a 2022 clinical trial testing one type of immunotherapy had their rectal cancer completely disappear, without remission or adverse effects.
Cuts in NIH funding will directly affect patients.
Despite these incredible successes, there is still a long way to go. In 2024, over 2 million people in the U.S. were estimated to be newly diagnosed with cancer, and 611,720 were expected to die from the disease.
Nearly every family is touched in some way by autoimmune andneurodegenerative diseases. Government-funded research has enabled major advances to combat conditions such as rheumatoid arthritis, multiple sclerosis, Parkinson’s and Alzheimer’s disease.
Researchers are also gaining insight into what causes multiple sclerosis, an autoimmune disease where the immune system attacks the protective covering of nerves and can result in paralysis. Scientists recently found a link between multiple sclerosis and Epstein-Barr virus, a pathogen estimated to infect over 90% of adults around the world. While multiple sclerosis is currently incurable, identifying its underlying cause can provide new avenues for prevention and treatment.
The NIH’s BRAIN Initiative has invested more than $3 billion in neuroscience research since it began in 2013. Mandel Ngan/AFP via Getty Images
Alzheimer’s disease causes irreversible nerve damage and is the leading cause of dementia. In 2024, 6.9 million Americans ages 65 and older were living with Alzheimer’s. Most treatments address cognitive and behavioral symptoms. However, two new drugs developed with NIH-supported research and clinical trials were approved in July 2023 and July 2024 to treat early-stage Alzheimer’s. Federal funding is also supporting the development of blood tests for earlier detection of the disease.
None of these breakthroughs are a cure. But they represent important steps forward on the path toward ultimately reducing or eliminating these devastating ailments. Lack of funding will slow or block further progress, leading to the continued rise of the incidence and severity of these conditions.
Infectious diseases and the next pandemic
The world’s capacity to combat infectious disease will also be weakened by cuts to U.S. federal support of biomedical research.
Over the past 50 years, medical and public health advances have led to the eradication of smallpox globally and the elimination of polio in the U.S. HIV/AIDS, once a death sentence, is now a disease that can be managed with medication. Moreover, a new version of treatments called preexposure prophylaxis, or PrEP, offers complete protection against HIV transmission when taken only twice per year.
Similarly, the COVID-19 pandemic highlights the critical role biomedical research plays in responding to public health threats. Increased federal support of science during this time allowed the United States to emerge with new drugs, vaccine platforms with the potential to treat a variety of chronic diseases, and insights on how to effectively detect and respond to pandemic threats.
Research across the country has ground to a halt as grants remain in limbo or have been terminated altogether. Scott Olson/Getty Images
Losses from defunding biomedical research
The National Institutes of Health contributed over $100 billion to support research that ultimately led to the development of all new drugs approved from 2010 to 2016 alone. Over 90% of this funding was for basic research into understanding the causes of disease that provides the foundation for new treatments.
Defunding biomedical research will result in a cascade of effects. There will likely be fewer clinical trials, fewer new treatments and fewer lifesaving drugs. Labs will likely shut down, jobs will be lost, and the process of discovery will stall. The U.S.’s health care system, economy and standing as the world’s leader in scientific innovation will likely decline.
University shortfalls directly resulting from cuts to research support will dramatically reduce the capacity of American institutions to educate and provide opportunities for the next generation. Funding cuts have led to the shuttering or heavy reduction of training programs for future scientists.
Graduate students and postdoctoral trainees are the lifeblood of biomedical research. Supporting these young people committed to public service through research and health care is also an investment in medical advancements and public health. But the uncertainty and instability resulting from the divestment of federally funded programs will likely severely deplete the biomedical workforce, crippling the United States’ ability to deliver future biomedical breakthroughs.
By cutting biomedical research funding, Americans and the rest of the world stand to lose new cures, new treatments and an entire generation of researchers.
Deborah Fuller receives funding from the National Institutes Health. The personal views expressed here are those of the authors.
Patrick Mitchell receives funding from the National Institutes of Health. The personal views expressed here are those of the authors.
The report on local government revenue and expenditure for the second quarter of the 2024/25 financial year shows that conditional grants were underspent by municipalities, National Treasury said on Friday.
These grants were allocated for programmes to support the development of infrastructure, fund emergency repairs after unforeseen disasters, fund the implementation of electrification projects, fund the upgrade of informal settlements as well as developing bulk water and wastewater infrastructure.
“Six of the infrastructure grants have underperformed, with expenditure falling below 40% of their allocated budgets. The Municipal Disaster Recovery Grant (MDRG) reported an expenditure of just 16.9%, while the Integrated National Electrification Programme (Municipal) Grant (INEP) had an expenditure of 38.4%.
“The Metro Informal Settlements Partnership Grant (ISUPG) showed an expenditure of 34.7%, the Neighbourhood Development Partnership Grant (NDPG) had 33.2%, the Public Transport Network Grant (PTNG) reported 22%, and the Rural Roads Assets Management Systems Grant (RRAMS) stood at 28.8%,” Treasury explained.
The report covers the performance against the adopted budgets of local government for the second quarter of the municipal financial year ending on 31 December 2024 and includes spending against conditional grant allocations for the same time frame.
“The MDRG, in particular, demonstrated significant underperformance in the second quarter of the previous financial year, with an expenditure of only 16.9%. This grant has consistently underperformed in recent years, with little improvement, indicating ongoing challenges in its effective utilisation by municipalities.
“The Integrated Urban Development Grant (IUDG) and the Municipal Infrastructure Grant (MIG) were the best-performing grants in this quarter, maintaining their strong performance from the first quarter. The IUDG recorded an expenditure of 52% against a total allocation of R1.1 billion, while the MIG achieved 54.9 % of its R17 billion allocation,” National Treasury said.
The Department of Water and Sanitation grants, which administers the Regional Bulk Infrastructure Grant (RBIG) and the Water Services Infrastructure Grant (WSIG), also showed positive performance, albeit at lower expenditure rates compared to the second quarter of the 2023/24 financial year.
However, overall grant performance this quarter was poor compared to the same period in the previous financial year. As of 31 December 2024, municipalities were allocated R44.1 billion for direct conditional grants, of which R28.2 billion has been transferred.
The National Transferring Officers (NTOs) reported spending of R18.4 billion, or 41.7 %, while municipalities reported spending of R12.8 billion, or 29.1% of the total allocation.
“As at 31 December 2024, aggregate spending by municipalities was 44.2 % or R287.5 billion of the total adopted expenditure budget of R649.9 billion. Aggregated billing and other revenue was 49.9 % or R325.5 billion of the total adopted revenue budget of R652.3 billion.
“Capital expenditure amounts to R14.3 billion or 18.4% of the adopted capital budget of R77.4 billion. The adopted operating expenditure budget amounts to R572.5 billion, of which R273.2 billion (47.7%) was spent by 31 December 2024,” National Treasury said. –SAnews.gov.za
KwaZulu-Natal Premier, Thamsanqa Ntuli, has reaffirmed the provincial government’s commitment to support initiatives that drive local economic transformation and attract investors to the province.
Ntuli was speaking at the Nquthu Investment Promotion Breakfast, held at the iNcome Museum, in Inquthu under the uMzinyathi District Municipality, central KwaZulu-Natal.
Thursday’s breakfast highlighted a wide range of investment opportunities aimed at unlocking the region’s potential in agriculture, tourism, infrastructure, and small business development.
The engagement also underscored the provincial government’s support for local economic development and investor mobilisation in rural areas. The gathering brought together government leaders, local entrepreneurs, and potential investors for meaningful dialogue and strategic partnerships.
The Premier commended the initiative, noting its alignment with the 7th Administration’s mission to drive inclusive economic growth, job creation, and sustainable development across KwaZulu-Natal.
“We are intentional about taking investment conversations to every corner of our province, especially rural areas like iNquthu. By supporting platforms like this, we affirm our commitment to building a thriving, self-reliant economy that benefits all our people.” The Premier also emphasised the importance of local investment in transforming communities, reducing unemployment, and creating long-term prosperity.
He also encouraged stakeholders to seize the opportunities presented by the region’s natural assets and resilient communities. The breakfast marked another step forward in the province’s vision of equitable development, where no region is left behind in the journey toward economic transformation.
The Premier was accompanied by Agriculture and Rural Development MEC, Thembeni Madlopha-Mthethwa. – SAnews.gov.za
The international community has been called upon to scale up cervical cancer interventions and progress against the only noncommunicable disease that can be eliminated.
This call was made by the Government of South Africa, Unitaid and the World Health Organization (WHO) at the Group of Twenty (G20) Health Working Group meeting, which took place on Thursday in Zimbali, outside Durban.
According to the Department of Health, cervical cancer is preventable and potentially curable, as long as it is detected early and managed effectively. It is the second most common form of cancer among women in South Africa.
Statistics by the WHO show that the disease claimed the lives of almost 350 000 women globally in 2022.
“New vaccines, tests, and treatment technologies have transformed cervical cancer prevention in recent years, yet the disease continues to disproportionately impact women mostly in low- and middle-income countries where access to primary health care and preventive services are limited. Cervical cancer elimination would address a major gap in Women’s health,” the department said.
Speaking on the sidelines of the G20 health meeting, Unitaid’s Deputy Executive Director Tenu Avafia said Unitaid has invested US $81 million or R1.4 billion to bring down prices, increase volumes and address operational questions involved in cervical cancer screening and treatment to enable countries to scale up proven interventions with minimal risk.
“However, funding shortfalls still pose enormous challenges to building national cervical cancer elimination programs in low- and middle-income countries,” Avafia said.
Unitaid makes health products accessible, available and affordable for people who need them most.
Department of Health’s Director-General Dr Sandile Buthelezi said improving women’s health was not just a health issue but “an economic imperative”.
“It drives social stability, boosts productivity, and breaks the cycle of poverty. Global efforts to combat cervical cancer serve as a concrete illustration of how cooperation can advance women’s health and realize a shared goal to bring about the first-ever elimination of a cancer,” he said.
In 2020, the WHO launched the global strategy for cervical cancer elimination, the first-ever roadmap for the elimination of a cancer. Since then, countries have made enormous strides in rolling out new tools and services.
Vaccination against Human Papillomavirus (HPV) provides protection against infection that causes nearly all cases of cervical cancer.
And a package of screening and treatment tools – including HPV tests with the option for self-sampling and devices for quickly and easily removing pre-cancerous cells – make it possible to make lifesaving services available to women at lower levels of the health care system.
The health working group session called for a coordinated approach drawing on domestic resource mobilization, blended financing, and partnerships with multilateral development banks to scale these solutions, ensure long-term sustainability and reduce dependency on external aid.
Government asserted South Africa’s commitment to scaling up cervical cancer prevention programs nationwide with support from Unitaid, the WHO and other partners.
“The South African G20 health agenda promotes solidarity, equality and sustainability. It complements the African Union’s Agenda 2063, the development agenda of Africa as the world’s fastest-growing continent, and the Lusaka Agenda. It also focuses on rebuilding momentum to reach the 2030 Sustainable Development Goals (SDGs),” the department said.
On Wednesday, Health Minister Dr Aaron Motsoaledi reiterated the importance of nations reallocating resources towards health, strengthening global health partnerships, and exploring innovative financing mechanisms to address funding gaps.
The Minister used the platform to highlight South Africa’s commitment to universal health coverage (UHC) through the National Health Insurance (NHI) system, which aims to provide financial protection and efficient resource utilisation.
The three-day meeting which began on Wednesday, will conclude on Friday, 28 March 2025. – SAnews.gov.za
The Department of International Relations and Cooperation (DIRCO) has confirmed that 23 South Africans – who were part of a group of 7 000 people from various countries – have been rescued from Myanmar.
“Our citizens returned to South Africa a few hours ago, assisted by DIRCO and the Border Management Authority. DIRCO facilitated the repatriation of the South African nationals and provided financial assistance,” the department said in a statement issued on Thursday afternoon.
Before leaving South Africa last year, these men and women were lured by an employment agency to Thailand under the pretences of lucrative jobs that were advertised on various social media platforms.
“These adverts promised the victims good salaries, free accommodation, comprehensive travel expenses, and other lucrative benefits. Once in Thailand, they were transported to Myanmar against their will.”
The victims were held captive for more than four months in a cybercrime compound in Myanmar, which borders Thailand.
“They were subjected to brutal treatment, including intimidation, physical torture, and forced labour. They were also compelled to engage in illicit activities, including online scams that targeted individuals worldwide.”
In addition, DIRCO said, they were under 24-hour armed security and a ransom of about R50 000 was demanded for their release.
“They were forced to work for 16 hours a day and were frequently beaten or tortured if they refused, and they survived on spoiled food and contaminated water without access to medical treatment.”
The department explained that the repatriation of the South African victims was part of the bilateral cooperation agreement to combat human trafficking and other forms of transnational organised crime signed by Thailand and South Africa in 2023.
“The government is grateful for the assistance provided by Thai authorities in facilitating the repatriation of the victims.”
Victim support
The Department of Social Development (DSD) and the Directorate for Priority Crime Investigation (DPCI) have since conducted an initial screening of the victims to verify their identity and family information.
Following the screening interviews, the DPCI will transport the victims to health facilities to undergo health screenings.
Temporary accommodation will be provided for those from outside Gauteng, enabling them to reunite with their families and relatives, while those who live in the province will be transported home by DPCI.
Investigation
According to the department, the DPCI will investigate the matter and follow up appointments will be scheduled at a later stage with the victims to gather comprehensive statements, as their emotional and physical wellbeing must be taken into consideration.
“The DPCI will continue to work with all the relevant government departments to ensure the safety and wellbeing of the victims, as well as the successful arrest and conviction of traffickers in South Africa.”
The department said the South African government strongly condemns any acts of trafficking and has introduced relevant legislation to deal harshly with this heinous crime.
The government has urged citizens to exercise extreme caution when considering employment opportunities abroad.
“If the promise of employment is too good to be true, you must exercise caution and be suspicious.”
All countries with embassies and liaison offices in South Africa are listed on the DIRCO website www.dirco.gov.za .
Travellers are also advised to register on the DIRCO Travel Smart app, a digital platform that provides support and information to South African citizens travelling or residing in foreign countries.
However, those who suspect that their loved one or someone else is a victim of human trafficking can report the matter to the SAPS Crime Stop hotline on 08000 10111, the nearest police station, the DSD, or a designated child protection organisation.
“Your safety and well-being are in your hands. Stay vigilant and protect yourself and your loved ones from falling victim to these malicious schemes. Let us all work together to stop trafficking in persons,” the department said.
Use the following helplines to report suspected incidents of human trafficking:
• Childline – 116
• Film and Publication Board – 0800 148 148
• GBV Command Centre – 0800 428 428
• National Human Trafficking Hotline – 0800 222 777. – SAnews.gov.za
The 2022 South African Public Relationship with Science (SAPRS) survey, a first of its kind for the country, has found that two-thirds (66%) of the public were “very” or “quite” interested in South African science and technology (S&T).
This was among the highlights of the SAPRS, which is the focus of a conference underway at the Birchwood Hotel in Boksburg, Gauteng.
The Minister of Science, Technology and Innovation, Professor Blade Nzimande, released the report in December 2024 at the annual Science Forum South Africa.
This week various stakeholders have convened to discuss the survey and its implications for science engagement programmes, among others.
The Principal Investigator of the SAPRS Survey and a Distinguished Research Specialist at the Human Sciences Research Council (HSRC), Dr Vijay Reddy, stated that the survey’s purpose is to monitor the public’s relationship with science, focusing on knowledge, attitudes, and engagement.
The Department of Science, Technology and Innovation (DSTI) collaborated with the Equitable Education and Economies Research Programme of the HSRC on the survey.
The survey was conducted among adults aged 16 and older, selected from 500 areas across all nine provinces.
The survey showed that 71% of the public has confidence in universities and research organisations that produce S&T information.
According to SAPRS, 51% of those surveyed believed that scientists were honest about their work, which highlighted the need for greater transparency and public engagement.
The majority (76%), however, agreed that scientists make life better for people and provide answers that explain the world we live in (75%).
“The survey also showed that South African adults have a notable understanding of science knowledge,” the statement read.
Meanwhile, six in 10 adults reported they were aware of S&T and had some formal S&T knowledge, while three-quarters (75%) of the public had been exposed to at least one post-grade 9 science or mathematics subject in school.
The two-thirds of South African adults (66%) reported they were interested in S&T or wanted to know or learn more.
When it came to the country’s research priorities, those polled had the highest knowledge (79%) about the quality of education in South Africa.
Meanwhile, clean and efficient water supply ranked second (77%), energy supply third (76%), and access to good-quality food came in fourth (75%).
The lowest-ranked priorities were advanced technologies such as robotics (57%) and space science and astronomy (44%).
Acting Director-General of the DSTI, Gugulethu Zwane, said that the SAPRS survey results reflect that more needs to be done to provide equitable resources to all communities.
She said there was a need to move from temporary improvements to permanent solutions that ensure inclusive science engagement and science literacy.
“As we have said many times before, science affects everyone, and so – according to the ’nothing about us without us’ principle – all communities need to have at least some exposure to science. We need to rethink our approaches and ramp up our science outreach,” said Zwane.
In its 2019 White Paper on Science, Technology and Innovation, the DSTI has committed to carrying out this survey every five years.
Preparations for the next survey will begin in the 2025/26 financial year.
“The report on the second survey should be completed and released by the end of the current administration’s term. The first survey has shown us where we stand as a nation and given us data that will serve as the foundation for future efforts. The work to improve the situation starts here, in this conference, today,” she added. – SAnews.gov.za
Sarah Wambui Chege monitors a patient in active labour and listens to the baby’s activity at Mama Lucy Kibaki Hospital, a government county referral hospital serving the residents of Nairobi’s populous Eastlands area. Photo credit: WHO/Khadija Farah
Globally each year 287,000 women die in pregnancy or childbirth. Most maternal deaths are caused by severe bleeding, high blood pressure, pregnancy-related infections, complications from unsafe abortion, and underlying conditions that can be aggravated by pregnancy (such as HIV/AIDS and malaria).
Most maternal deaths are preventable with access to high quality healthcare. Ending preventable maternal death must remain at the top of the global agenda.
WHO works with a range of partners and national health authorities across its six Regions to strengthen maternal health services for all pregnant women. Read below powerful stories about a wide range of WHO activities, with many women’s lives being saved, thanks to donors’ support.
Driving down maternal mortality in Mozambique
In Mozambique, a protracted civil war had a devastating impact on public health services and infrastructure. In 2000, Mozambique had one of the world’s highest rates of maternal mortality, with roughly 1 in 160 women dying from pregnancy or childbirth complications.
The country has since made significant strides by making maternal health one of its top priorities. In 2023, Mozambique’s maternal mortality ratio was 223 deaths per 100 000 live births; a 53% drop in maternal mortality since 2000.
Several critical interventions have contributed to this. Between 2017 and 2021, 106 new health facilities opened across the country, increasing access to health services, and the number of human resources for health and health technicians increased by around 15%.
WHO supported the country to establish a maternal death surveillance and response system, provided technical and financial support to the Ministry of Health to update the training package on Emergency Obstetric and Neonatal Care, and trained 40 national trainers across all 11 of Mozambique’s provinces. In 2021, WHO collaborated with health authorities to shape a comprehensive community health strategy.
Cambodia’s sustained progress in improving maternal, newborn and child health
A nurse is assisting a mother breastfeeding in a referral provincial hospital in Cambodia. WHO/Yoshi Shimizu
In early 2000’s, Cambodia faced alarming maternal, newborn and child health indicators. The maternal mortality ratio stood at 437 per 100 000 live births, while newborn and child mortality rate accounted for 37 and 124 per 1000 live births respectively.
Today, skilled birth attendance is near universal, with 98.7% of births attended by trained health professionals and 97.5% of women giving birth in a health facility. Between 2014 and 2021-2022, neonatal and under-five mortality rates declined by 54%, from 18 to 8 and from 35 to 16 per 1000 live births respectively. Cambodia achieved its SDG targets for reducing neonatal and under-five mortality eight years ahead of schedule.
The strong leadership of the Ministry of Health provided clear strategies for advancing maternal and newborn health. Two coordination platforms were established and convened regularly to align efforts within the Ministry and with health partners. With technical dsupport from WHO and funding from the Korea Foundation for International Healthcare, the Early Essential Newborn Care Coordination Committee plays a crucial role in harmonizing national and sub-national efforts, monitoring progress through regular reviews, mobilizing resources to scale up practices, and ensure consistency in care delivery.
Working with traditional birth attendants in Latin America
Mercedes Panamantamba, traditional birth attendant from Otavalo, Ecuador, receives training provided by PAHO on the use of biomedical tools to complement ancestral practices. Photo credit: PAHO/WHO
In rural and remote communities of Latin America, ancestral practices such as traditional midwifery have been passed down from generation to generation. In these areas, where geographical barriers and cultural differences can hinder access to healthcare centres, the practical and spiritual support of traditional birth attendants can make the difference between life and death.
The WHO Region for the Americas (Pan American Health Organization – PAHO), with support from the Government of Canada, has been working with over a thousand traditional birth attendants in Bolivia, Colombia, Ecuador, Honduras, and Peru since 2021 to provide them with knowledge of warning signs to help prevent maternal and neonatal deaths.
PAHO conducted training sessions and knowledge dialogues on topics such as family planning, prenatal care, identification of warning signs, and childbirth care. Meetings have yielded results that can benefit the entire region, such as the development of the tool for promoting culturally safe childbirth.
These activities are part of ‘Improved health of women and adolescent girls in situations of vulnerability’, a joint project between PAHO and Global Affairs Canada.
Dorcas Simon, an informal trader in Kigoma region, Tanzania, who said it took the timely transportation of her newborn child and her to the hospital to save their lives. Photo credit: WHO/Clemence Eliah
In Kigoma region, Tanzania, maternal mortality was on the rise due to difficult access to health facilities and other factors. The region had limited capacity in terms of a referral system and diagnostic capacity.
“Looking at the year 2020, we had 119 maternal deaths. In 2021, they dropped to 75 but in 2022 there were 102 deaths.” Dr Jesca Leba, Regional Medical Officer, Ministry of Health, Kigoma Region, Tanzania.
The Government of Tanzania with support from WHO and partners set out to address this problem. With funding from the Norwegian Embassy, WHO procured ambulances for easy transportation of pregnant women. The ambulances have so far served over 2000 women from various districts across the region. Additionally, 15 ultrasound machines were provided for health facilities and 300 health workers were trained how to use them.
The Chief Medical Officer in Buhigwe District Health Centre appreciates the donor support with ultrasound equipment that expanded the centre’s capacity to provide services. Photo credit: WHO/Clemence Eliah
Today, the Kigoma region has since witnessed a sharp decline in maternal mortality from 119 maternal deaths per 100 000 live births in 2020 to just 26 in 2024.
Birth plan helps reduce maternal deaths in Cote d’Ivoire
Ms Konaté followed the entire process of the birth plan. Her baby was born in good conditions at the urban health center in the Belleville district, in Bouaké. She is congratulated by the midwife who gives her the baby. Photo credit: WHO Côte d’Ivoire
In Cote d’Ivoire, in 2017, the maternal mortality rate was 614 maternal deaths per 100 000 live births, (Demographic Health Survey 2012) far from the target of 140 maternal deaths per 100 000 live births expected by 2030. In 2021, WHO, with support from the Swedish Government and the French MUSKOKA fund, targeted the Gbeke region, which has one of the highest mortality rates in the country, through the “Gbeke Là-Haut Là” initiative.
The initiative included implementation of a childbirth preparation or delivery plan, starting with first prenatal consultations, an emergency trolley in the delivery room and capacity-building for midwives in the management of risk factors during pregnancy and childbirth.
By 2022, 46% of pregnant women attending antenatal clinics benefited from a childbirth preparation plan, compared to none previously. 181 midwives from 18 health facilities were trained in key life-saving clinical skills.
Between 2019 and 2022, the proportion of maternal deaths at Bouake University Hospital from the 3 urban health districts of Gbeke fell from 93% to 36%, a reduction of 57%. The proportion of maternal deaths due to post-partum haemorrhage fell by 27%, from 56% to 29%.
Close patient monitoring by nurses in the Neonatal Intensive Care Unit (NICU) at Gatot Soebroto Army Hospital, Jakarta, Indonesia. As one of the SMART recommendations for mortality review. Photo credit: WHO/IndoXplore
WHO and European Union supported the Ministry of Health and partners to conduct crucial research on the impact of COVID-19 on maternal and newborn health and to better understand disruptions to essential health services, with the aim of building a stronger, more resilient health system.
Researchers analyzed the medical records of 4 945 pregnant women and their newborns and interviewed programme managers and health workers from eight selected hospitals in four provinces of Java Island.
WHO and the Ministry of Health will use the findings to inform the development of national guidelines aimed at strengthening the health system’s capacity to better respond to acute public health events and minimize disruptions to essential services, including for maternal and newborn health.
Maternal care services strengthened in Port au Prince, Haiti
The maternity ward at the Eliazar Germain Hospital. Photo credit: PAHO/WHO
The United Nations Population Fund (UNFPA) and PAHO/WHO are jointly supporting 3 hospitals in the Port-au-Prince metropolitan area to provide maternal health services. This is to support the emergency response of the Ministry of Health and Population and improve access to health care, made increasingly difficult by the current security situation.
Support includes the supply of essential medical equipment and products, and the installation of a reliable power supply system, ensuring constant availability of electricity. Support beyond maternity services responds to urgent needs in sexual and reproductive health. Kits for the management of abortion complications and kits for the management of sexual violence have been distributed for this purpose.
Saving lives in flood- and drought-affected areas in Somalia
WHO Representative to Somalia Dr Reinhilde Van de Weerdt (left) met with H.E. Mr OKANIWA Ken, Ambassador of Japan to Somalia, to express appreciation for Japan’s support. Photo credit: WHO Somalia/M. Saydahmat
A 12-month project led by the WHO Country Office in Somalia over the course of 2023 reached over 3 million people affected by drought or flood. The Government of Japan supported the project with a grant of over US$ 700 000. Working with the Ministry of Health and Human Services, WHO aims to mitigate the health impacts of recurrent climate shocks, food insecurity and disease outbreaks, especially cholera, while strengthening health system resilience.
Thanks to Japan’s funding, WHO was able to deploy 369 community health workers and 121 mobile outreach teams in drought-affected areas. These provided essential health and immunization services to local population with a special focus on children and pregnant and lactating women. The project aims to provide help to about 900 000 flood- and drought-affected people in Somalia.
Meeting the health needs of Malians displaced by security crisis
Meeting the health needs of Malians displaced by security crisis. Photo credit:WHO AFRO
In 2023, more than 72 500 people were displaced in Mali because of clashes between rival armed groups, inter-community conflicts and military operations by the Malian armed forces against non-state armed groups.
To help Mali maintain delivery of quality health services in areas impacted by insecurity, WHO, supported by UN CERF is providing medicines and other consumables to the Health Ministry, and helping to upskill health workers on the ground. WHO is also supporting mobile clinics to reach isolated populations in the centre of Menaka and the two districts worst impacted by the insecurity, Tidermane and Anderamboukane.
Thanks to the mobile clinics, Aissata, a displaced person in Ménaka city centre, was able to receive the care she needed. She was monitored throughout her pregnancy, which saved her life and that of her baby. “If it wasn’t for the free consultation that day, I don’t know what I would have done,” the young mother says.
WHO urges expansion of lifesaving midwifery care for women and babies
Shakila, midwife, measuring height of the fundus on a pregnant woman at the mobile clinic organized by WHO at the Garm Abak of Waras district in Bamiyan, Afghanistan. Photo credit: WHO/Rada Akbar
Strengthening midwives’ role in maternity and newborn care services would save millions of lives each year while significantly enhancing women’s overall experience of care, according to a new publication released by WHO and partners.
The publication, transitioning to midwifery models of care: A global position paper, outlines the benefits and key components of midwifery care models, where midwives serve, within broader teams, as the main healthcare provider for women and babies during pregnancy, childbirth and the postnatal period.
Recent modelling shows that universal access to midwifery care could avert more than 60% of all maternal and newborn deaths and stillbirths – amounting to 4.3 million lives saved annually by 2035.
The position paper on midwifery models of care was prepared by WHO together with a coalition of leading health professional associations, UN agencies, non-governmental organizations and women’s group, including the Burnet Institute, Collectif interassociatif autour de la naissance, the Council of International Neonatal Nurses, the International Confederation of Midwives (ICM), the International Pediatric Association, Jhpiego, the UNFPA, and the United Nations Children’s Fund (UNICEF), with financial assistance from the Bill & Melinda Gates Foundation.
Listen to WHO Director-General’s message on Linkedin thanking everyone who contributed for the development of the position paper.
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WHO’s work is made possible through all contributions of our Member States and partners. WHO thanks all donor countries, governments, organizations and individuals who are contributing to the Organization’s work, with special appreciation for those who provide fully flexible contributions to maintain a strong, independent WHO.
This feature reveals support of partners and donors from Burnet Institute (Collectif intersasociatif autour de la naissance), Bill & Melinda Gates Foundation, Canada, CERF, the Council of International Neonatal Nurses, the European Union, International Confederation of Midwives (ICM), the International Pediatric Association, Japan, Jhpiego, French MUSKOKA, Norway, Sweden, the UNFPA, and UNICEF.
February Revenue up 139% Year-over-Year from $2.1m to $5.9m
With Second Consecutive Month of Record Performance, February Revenue Surpasses January Despite Fewer Operating Days
MIAMI, March 28, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (“NextNRG” or the “Company”) (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions—today announced certain unaudited financial results for February 2025 from its EzFill, mobile fueling division.
The Company delivered another month of record revenue and fuel volume, continuing the strong momentum established in the new year, despite fewer operational days in February.
Company revenue for February 2025 reached a new high of more than $5.09 million from $2.1 million, representing a 139% increase over February 2024. Gallons delivered reached approximately 1.44 million from 543k, up 166% year-over-year. Both revenue and gallons delivered outperformed January 2025 results.
NextNRG Executive Chairman and CEO Michael D. Farkas commented, “We believe our back-to-back record months underscore the power of our growing platform and the momentum we’ve built through strategic expansion. The successful integration of the Shell Oil fleet and our long-term agreement with a global e-commerce leader are now fueling real, measurable growth. As we scale with continued discipline, demand from fleet partners continues to rise, validating our model and vision for the future. With EzFill’s on-demand fueling operating efficiently and NextNRG’s smart energy infrastructure, we are positioned to lead the transformation of how energy is delivered in a connected, AI-driven world.”
About NextNRG, Inc. NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.
At the core of NextNRG’s strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.
NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EVs, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.
Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.
Investor Relations Contact: NextNRG, Inc. Sharon Cohen SCohen@nextnrg.com
TAMPA, Fla., March 28, 2025 (GLOBE NEWSWIRE) — HCI Group, Inc.(NYSE: HCI) announced today that GEICO has signed a multi-year lease agreement to fully occupy a three building campus in Tampa, Florida owned as an investment property by Greenleaf Capital, the company’s real-estate division.
“We are excited to secure a long-term tenant who plans to bring more than 1,000 new jobs to our local community,” said Paresh Patel, HCI’s chairman and chief executive officer.
Greenleaf acquired the office campus in 2023, which includes approximately 190,000 square feet of leasable space. HCI currently reports the office campus at a carrying value of approximately $17 million on its balance sheet. With the new tenant secured, the campus is now fully leased under a multi-year agreement.
“We believe the combination of property improvements and the long-term lease with a high-quality tenant greatly enhances the equity value of the investment. Greenleaf has a proven history of acquiring properties at favorable prices, enhancing them through strategic improvements, and generating tremendous long-term value for HCI shareholders,” said Paresh Patel, HCI’s chairman and chief executive officer.
About HCI Group, Inc. HCI Group is a holding company with two distinct operating units. The first unit includes four top-performing insurance companies, a captive reinsurance company, and operations in claims management and real estate. The second unit, called Exzeo Group, is a leading innovator of insurance technology that utilizes advanced underwriting algorithms and data analytics. Exzeo empowers property and casualty insurers to transform underwriting outcomes and achieve industry-leading results.
The company’s common shares trade on the New York Stock Exchange under the ticker symbol “HCI” and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.
Company Contact: Bill Broomall, CFA Investor Relations HCI Group, Inc. Tel (813) 776-1012 wbroomall@typtap.com
Investor Relations Contact: Matt Glover Gateway Group, Inc. Tel 949-574-3860 HCI@gatewayir.com
New York, N.Y., March 28, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that three additional professionals have joined its U.K.-based nuclear science and engineering partner Cambridge AtomWorks, led by Professors Ian Farnan and Eugene Shwageraus. Cambridge AtomWorks personnel are leading the development of NANO Nuclear’s ODIN™, a low-pressure coolant microreactor.
Radwan Nassim Kheroua joins as a Nuclear Systems Engineer, Luke Godfrey as a Senior Nuclear Engineer, and Jake Miles as a Nuclear Engineer. Their appointments finalize NANO Nuclear’s latest round of additions to its engineering team, building on the previously announced roles for Andrew Steer, Ph.D., as NANO Nuclear’s Head of Regulatory Engagement and James Leybourn and Simon Boddington as Senior Nuclear Engineers.
Figure 1 – NANO Nuclear Energy Inc. Appoints Radwan Nassim Kheroua as Nuclear Systems Engineer, Luke Godfrey as Senior Nuclear Engineer, and Jake Miles as Nuclear Engineer.
Mr. Kheroua previously served as a Research Engineer in Reactor Thermal-Hydraulic Modeling at Framatome, where he carried out his first industrial research in nuclear fusion, working on plasma physics at CEA Cadarache and tritium monitoring with the United Kingdom Atomic Energy Authority’s Culham Centre for Fusion Energy (UKAEA CCFE). He brings extensive expertise in reactor accident analysis and fuel safety case justification.
Mr. Godfrey previously served as Lead Thermohydraulic Engineer at Moltex, focusing on molten salt heat transfer, coupled reactor system modeling, and safety case development. During his time at Moltex, he was integral to designing the SSRW and FLEX reactors, leading thermal hydraulics, developing coupled simulation tools, contributing to safety cases development, planning verification and validation activities, and designing key experiments.
Mr. Miles earned a BSc in Physics from the University of Leeds and later completed a Master’s degree in Nuclear Energy at the University of Cambridge. He briefly researched reactor physics and shutdown systems for high-temperature gas-cooled reactors before transitioning to the nuclear maritime industry, where he specialized in modeling and simulation of Molten Chloride Fast Reactors and their systems. In his new role, he will focus on shielding design and core optimization for the ODIN microreactor, supporting the technology’s ongoing development.
“We are very pleased to continue expanding our engineering team with some of the top talent in the field of nuclear energy,” said Professor Ian Farnan, Lead of Nuclear Fuel Cycle, Radiation and Materials of NANO Nuclear. “These additions bring us a wealth of technical knowledge and a deep understanding of nuclear technologies that will be leveraged to support the development and advancement of our proprietary microreactor systems.”
“With the additions of Mr. Kheroua, Mr. Godfrey and Mr. Miles, together with our other recent hires, I believe we are assembling a leading team of nuclear engineers,” said Professor Eugene Shwageraus, Lead of Nuclear Reactor Engineering of NANO Nuclear. “Their specialized expertise further strengthens our design process and supports a robust development schedule, ensuring we continue building on our momentum effectively.”
As NANO Nuclear continues to expand its operations, it remains committed to developing cutting-edge nuclear solutions that redefine the global energy landscape. The addition of Mr. Kheroua, Mr. Godfrey and Mr. Miles’ cutting-edge engineering talent will support NANO Nuclear’s endeavors to tackle the particular challenges associated with the ongoing development of the proprietary ‘ZEUS’ and ‘ODIN’ microreactors, as well as the KRONOS MMR™ Energy System and the LOKI MMR™high-efficiency nuclear systems for remote and off-grid applications.
“It is a pleasure to welcome our newest additions to the engineering team overseeing the development of the ODIN microreactor,” said James Walker, Chief Executive Officer of NANO Nuclear. “We’ve assembled a group of highly skilled professionals for this project, and I’m confident their arrival will significantly accelerate our development timeline and strengthen the ODIN microreactor’s path toward demonstration, regulatory approval and ultimately commercialization.”
About NANO Nuclear Energy, Inc.
NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.
Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™ Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (UIUC), “ZEUS”, a solid core battery reactor,and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.
HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.
NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.
This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements includes those related to the anticipated benefits to NANO Nuclear of the appointment of the nuclear engineers, as well as the Company’s regulatory plans in general, each as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
