Category: Entertainment

  • MIL-OSI United Kingdom: From DJ box to civic chair: Cllr Ian Dore spins into the spotlight 29 May 2025 From DJ box to civic chair: Councillor Ian Dore spins into the spotlight

    Source: Aisle of Wight

    He’s no stranger to a spotlight — and now Councillor Ian Dore is spinning into the Chairman’s role, ready to represent the Isle of Wight with purpose, professionalism, and a touch of flair.

    Elected as the new Chairman of the Isle of Wight Council, Councillor Dore brings with him a background as varied as a festival line-up — from military service to music decks, and now to the ceremonial chain of office.

    Reflecting on the moment the votes were counted last Wednesday, he admitted the result came as something of a surprise.

    “My first words were, ‘I didn’t expect that,’” he said, still sounding slightly dazed. “There’s always a chance, but it was never a given. On the night, it went my way by two votes — and here we are. The boy from Binstead, now wearing the chain. It’s still sinking in.”

    The nomination came from Councillor Geoff Brodie, seconded by Cllr Karen Lucioni, with Councillor Jonathan Bacon also voicing his support. MP Richard Quigley added warm words, highlighting Councillor’s Dore’s dedication to public service, particularly his role as the council’s Armed Forces Champion.

    Councillor Vanessa Churchman was elected vice-chairman.

    In his opening remarks, Councillor Dore also took a moment to acknowledge the contribution of his predecessor, Councillor Karl Love.

    “Karl brought real energy to the role,” he said. “He served with enthusiasm and a commitment that left a mark on this chamber and the wider community. It’s only right to recognise that service as we look ahead to the year to come.”

    With a full chamber and a packed agenda, Councillor Dore wasted no time in setting the tone for his tenure as civic figurehead. 

    “I’ve always believed in duty, discipline, and service. This role is a continuation of that. It’s a privilege to represent the council and the Island, and I’ll do my utmost to ensure this chamber remains a place where all voices are respected and heard.”

    But who exactly is the man now holding the gavel?

    Councillor Dore’s journey is anything but ordinary. A former soldier who served in the Gulf War and Northern Ireland, he later swapped boots for beats, becoming a well-known DJ and radio presenter.

    From Isle of Wight Radio to Power FM and eventually Bath FM, he’s entertained thousands — and even launched a youth radio project, Youth Radio Rocks.

    Beyond the airwaves, he’s worked as an event manager and fundraiser for Macmillan Cancer Support and mental health charity Mind.

    He’s also currently the driving force behind the Isle of Wight Armed Forces Day — an event that blends his love of community, service, and a well-organised timetable.

    “I’m incredibly grateful for the support of my fellow councillors and the residents of Binstead and Fishbourne,” he said.

    “Without their trust in 2021, I wouldn’t have this opportunity. I take the responsibility seriously — and I’m stepping into it with humility, purpose, and, of course, my best boots forward.”

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Interdepartmental working group on festival arrangements releases latest information on cross-boundary passenger traffic estimation and arrangements for Tuen Ng Festival long weekend of the Mainland

    Source: Hong Kong Government special administrative region

    Interdepartmental working group on festival arrangements releases latest information on cross-boundary passenger traffic estimation and arrangements for Tuen Ng Festival long weekend of the Mainland 
         During the upcoming Tuen Ng Festival long weekend of the Mainland (May 31 to June 2), the Immigration Department (ImmD) estimates that around 3.2 million passengers (including Hong Kong residents and visitors) will pass through Hong Kong’s sea, land and air control points. The ImmD, in consultation with the Shenzhen General Station of Exit and Entry Frontier Inspection and other Mainland authorities, estimates that around 2.73 million passengers will pass through land boundary control points. The number of outbound and inbound passengers using land boundary control points will be relatively higher on May 31 (Saturday) and June 1 (Sunday), with around 570 000 passengers and 540 000 passengers respectively.
     
         The ImmD estimates that the passenger traffic at the Lo Wu Control Point, the Lok Ma Chau Spur Line Control Point and the Shenzhen Bay Control Point will be heavy, with a daily average forecast of about 230 000, 200 000 and 140 000 passengers respectively.
     
         To cope with the anticipated heavy traffic during the festive period, the ImmD has minimised leave for frontline officers for flexible deployment and the operation of extra clearance counters and kiosks.
     
         Furthermore, the ImmD, the Hong Kong Police Force, the Customs and Excise Department and the MTR Corporation Limited will set up a joint command centre at the Lo Wu Control Point to make necessary arrangements. The ImmD will also establish close communication with Mainland authorities, including the Shenzhen General Station of Exit and Entry Frontier Inspection. To ensure a smooth passenger traffic flow, passenger conditions will be closely monitored and appropriate traffic diversion plans will be adopted when necessary.
     
         To avoid congestion and longer-than-usual waiting times for immigration clearance, the ImmD advises all land boundary passengers to plan in advance, avoid making their journeys during busy periods, and keep track of radio and TV broadcasts on traffic conditions at various control points. Furthermore, passengers may also check the estimated waiting times at each land boundary control point at any time or place via the Immigration Mobile Application (ImmD Mobile App). They can then plan their trips effectively and save time queuing at control points. The ImmD Mobile App can be downloaded free of charge from the Apple App Store (supports iOS version 12.0 or above), Google Play (supports Android version 8.0 or above), Huawei AppGallery (supports Android version 8.0 or above) and the APK file available on the ImmD website. Passengers can download the ImmD Mobile App by scanning the QR code (see Annex) or via the ImmD website, www.immd.gov.hk 
         For travellers making journeys to the Mainland, the ImmD reminds them to carry their proof of identity and valid travel documents for crossing the boundary. Hong Kong residents should also check the validity of their Home Visit Permits. Non-permanent residents must carry their valid smart identity card as well as their Document of Identity for Visa Purposes or valid travel document.
     
         Holders of the acknowledgement receipt issued due to the reported loss or replacement of their Hong Kong identity cards, or children under 11 years old who hold Hong Kong identity cards, should carry a valid travel document or Re-entry Permit.
     
         About 700 e-Channels have been installed at various control points. To further enhance the clearance efficiency of control points and allow more Hong Kong residents to use the fast and convenient e-Channel service, starting from March 31, the ImmD has adjusted the applicable age for e-Channel service for holders of smart identity cards. Eligible Hong Kong permanent residents aged 7 to 10 years old, who are at least 1.1 metres tall and hold a smart identity card and a valid Hong Kong Special Administrative Region Passport, can use the e-Channels without prior enrolment for self-service immigration clearance via face recognition technology at all control points. Moreover, the Contactless e-Channel service is available at all control points now. All eligible Hong Kong residents, after enrolment, can generate an encrypted QR code through the Contactless e-Channel mobile application to enter the e-Channel and then verify their identity with the facial verification technology for automated immigration clearance.
     
         In addition, all control points have introduced self-service departures for visitors to Hong Kong (Smart Departure), which provides greater travel convenience for visitors. The service employs facial recognition technology for identity verification, which allows eligible visitors holding electronic travel documents to perform self-service departure clearance through Smart Departure e-Channels without prior enrolment.
     
         Hong Kong residents who require assistance while travelling outside Hong Kong may call the 24-hour hotline of the Assistance to Hong Kong Residents Unit of the ImmD at (852) 1868, call the 1868 hotline using network data or use the 1868 Chatbot via the ImmD Mobile App, send a message to 1868 WhatsApp assistance hotline or 1868 WeChat assistance hotline or submit the Online Assistance Request Form.
     
         The interdepartmental working group on festival arrangements is tasked with holistically co-ordinating and steering the preparatory work of various government departments for welcoming visitors to Hong Kong during the Tuen Ng Festival long weekend of the Mainland, as well as strengthening information dissemination to enable the public and visitors to plan their itineraries according to the latest situation.
    Issued at HKT 15:10

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI: Hyperscale Data Subsidiary Ault Capital Group Plans to Launch XRP Lending Platform for U.S. Public Companies in Q3 2025

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 29, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”) is planning to launch an enterprise-focused XRP lending platform (the “Platform”) in the third quarter of 2025. The Platform, which will initially be a beta version, is expected to be ACG’s first decentralized finance (“DeFi”) application.

    The Platform will be exclusively available to public companies listed on the New York Stock Exchange, the NYSE American and all three tiers of the NASDAQ Stock Market. Eligible applicants will be able to apply to borrow up to a fixed amount of XRP (each, a “Loan”) on terms and conditions negotiated between the applicant and ACG. Once finalized, the Loan details will be posted on-chain. The Loans are expected to be secured by assets of the applicant and/or convertible into registered shares of common stock of the applicant.

    As the Loans are currently anticipated to be repaid in XRP, ACG expects to utilize XRP futures contracts on the Chicago Mercantile Exchange to hedge market exposure, bringing a different approach to risk management and financial sophistication to cryptocurrency-based lending. The Platform will leverage the XRP Ledger to facilitate fast, low cost, and secure lending, backed by ACG’s recently announced initiative to acquire up to $10 million of XRP.

    ACG is seeking to deliver a secure, compliant and institutional-grade solution for blockchain-based lending. The Platform is part of ACG’s broader initiative to tokenize real-world assets, provide alternative financing solutions to listed companies, and facilitate cross-border settlements using blockchain technology. Additional crypto-financial instruments are expected to be announced in the coming months.

    “We are seeking to build infrastructure that merges traditional finance with blockchain technology,” said Milton “Todd” Ault, III, Executive Chairman of Hyperscale Data. “With the host of enterprise features offered by XRP and the XRP Ledger, institutional borrowers and lenders now have access to integrated hedging and risk management tools as part of their operations.   We look forward to exploring the desire of other publicly traded companies to participate in DeFi transactions that can provide greater transparency, efficiency and security.”

    Hyperscale Data notes that acquisitions of XRP and the development and/or viability of the Platform are subject to various risks and uncertainties, one or more which could result in the planned acquisitions of XRP and the development of the Platform being curtailed, delayed or terminated, including, but not limited to: the volatility in XRP market price; the inability to, or cost prohibitive nature of, adequately hedging market exposure to XRP; the inability of the Company to have sufficient capital to purchase the intended amount of XRP; and regulatory challenges, consents or approvals, if necessary. The Company will continue to monitor market conditions and may increase or decrease its holdings of XRP as it deems appropriate.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network

  • MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: ALPHA GROUP INTERNATIONAL PL

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: AXA Investment Managers S.A.
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Alpha Group International plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    28 May 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.2p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 712,276 1.68    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 712,276 1.68    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/Sale Number of securities Price per unit
    0.2p ordinary Sale 2,340 GBP 30.11

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 29 May 2025
    Contact name: Anthony GILSOUL
    Telephone number*: +33 1 44 45 97 54

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI Russia: Iran condemns Israeli airstrikes on Sana’a International Airport

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    TEHRAN, May 29 (Xinhua) — Iran strongly condemns Israel’s airstrikes on Sana’a International Airport, the country’s Foreign Ministry said in a statement on Wednesday.

    The ministry’s spokesman, Esmail Baghaei, called the attacks another sign of Israel’s “cruelty and hostility toward the Muslim peoples of Yemen and the West Asian region.”

    According to the Houthi-controlled Al-Masirah TV channel, Israel carried out four strikes on the Sana’a airport runway and a Yemenia Airlines plane on Wednesday morning, destroying the last remaining commercial aircraft of the airline in Yemen.

    E. Bagai said that the Israeli strikes are aimed at “preventing the delivery of Yemeni pilgrims to the city of Mecca in Saudi Arabia for the upcoming Hajj, and are a major crime.” He called on the international community, especially the International Civil Aviation Organization (ICAO), to immediately pay serious attention to the situation.

    The diplomat also condemned Israel’s “repeated aggressive actions” against Yemen’s economic infrastructure and civilian targets, including ports, airports and food warehouses. He called the attacks “clear examples of war crimes and crimes against humanity.”

    E. Bagai stressed that confronting Israel’s “violations and crimes” in the occupied Palestinian territories and in relation to other countries in the region is the legal and moral responsibility of all West Asian states. –0–

    MIL OSI Russia News

  • MIL-OSI: Heron Power Raises $38M Series A to Accelerate an All-Electric Future

    Source: GlobeNewswire (MIL-OSI)

    Today’s electricity infrastructure can’t meet surging energy demand, holding back the electric economy and driving energy bills higher

    Founded by longtime Tesla SVP and backed by leading VCs, Heron Power is developing cheaper, faster and smarter hardware solutions for renewable energy and data centers to connect to the grid 

    SCOTTS VALLEY, Calif., May 29, 2025 (GLOBE NEWSWIRE) — Heron Power, an energy infrastructure company, today announced that it raised $38 million in Series A funding led by Capricorn Investment Group’s Technology Impact Fund, with participation from Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn. The round brings the total funding raised by Heron Power to $43 million. The company is developing industrial power electronics purpose-built for the 21st-century grid, helping the electricity sector to grow faster with scalable, reliable and software-integrated infrastructure. Heron Power will use the new funding to expand its team and complete engineering of the Heron Link, a solid-state transformer solution displacing legacy transformers and power converters.

    Over the last decade, technologies like solar, batteries, and data centers have scaled faster than anyone imagined—growing from a few gigawatts in 2014 to more than 500 GW in 2024, equivalent to roughly two-thirds of the U.S. peak demand. But while energy technologies have leapt forward, the equipment connecting them to the grid hasn’t changed in a century.

    Today’s outdated medium-voltage transformers (MVTs) are massive, built with 10 tons of grain-oriented electrical steel and copper submerged in oil, and designed for a one-way, analog grid. They offer no real-time control, can’t regulate voltage or frequency, and can’t adapt to dynamic grid conditions. Now, as energy demand surges, transformers have become a critical bottleneck: lead times stretch up to 24 months, U.S. manufacturing meets less than 20% of demand, and prices have spiked 60-80% since 2020.

    “We’re at an inflection point where clean, abundant energy is ready to come online—but grid interconnection challenges hold us back,” said Drew Baglino, Founder and CEO of Heron Power. “Heron Power aims to bridge that gap. With electrification on a path to triple electricity demand and AI’s exponential need for power, we’re moving fast on the opportunity to modernize the grid with more capable hardware.”

    Heron Power’s first product, the Heron Link, deletes the legacy transformer and connects directly to medium voltage. It is a modular megawatt-scale power converter built on the latest advances in wide-bandgap semiconductors. Designed for high power density and ease of maintenance, it offers greater reliability and lower costs for renewable, energy storage, and data center developers. With integrated voltage and frequency regulation, Heron Link also enhances grid stability—helping to prevent cascading outages like the one in Spain in early 2025.

    Heron Power has partnerships with major energy and datacenter developers. The company is targeting an internal pilot in 2026, partner installations in early 2027, and plans to manufacture Heron Link in the US. The team brings deep technical expertise, having collectively designed and deployed over 80 gigawatts of grid-connected power electronics over the past decade. 

    “Power electronics innovation brings the power of ‘Moore’s law’ to energy,” said Dipender Saluja, co-managing partner of Capricorn’s Technology Impact fund. “For two decades, we’ve sought out and invested in transportation, aviation, electronics, materials and energy companies with innovative power electronics at the core of their products. Heron Power’s team is singularly impressive: they have the technical depth, execution experience, and clarity of intention to reinvent utility-scale power electronics.”

    About Heron Power

    Heron Power Electronics Company is developing industrial power electronics purpose-built for the 21st-century grid, helping the electricity sector to grow faster with scalable, reliable and software-integrated infrastructure. Its modular solid state transformer technology enables renewable energy, storage, and datacenter developers to directly connect to medium voltage transmission without the use of a transformer. Led by founder and CEO Drew Baglino, the Scotts Valley, CA-based company combines expertise in power electronics, software, and high-volume manufacturing. For more information, visit www.heronpower.com.

    Media Contact

    press@heronpower.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ce02aff-c8e9-47f7-a919-f99d440e7ea2

    The MIL Network

  • MIL-OSI United Kingdom: Help shape future of Norwich’s magical medieval market

    Source: City of Norwich

    Published on Thursday, 29th May 2025

    Residents have been urged by the city council to help shape the future of Norwich Market today.

    The council is asking local people to take part in the online survey after consulting with market traders.

    Councillor Carli Harper, cabinet member for finance and major projects, said: “We’ve been talking and listening to traders on the future of the market and now we want residents to make their voice heard too so we can get a greater understanding on how we can make our cherished and iconic market better for generations to come.”

    The Future of Norwich Market survey includes three design ideas to improve the layout of the market for residents to comment on including a central court, small squares and an arcade.

    The council will also make some improvements to the market by early next year, including: 

    • Upgrading roller shutters
    • Installation of CCTV to deter anti-social behaviour and criminal damage
    • Upgrade of cross-aisle awnings to protect public and traders in harsh weather
    • Reflective paint to reduce heat under canopies
    • Looking at ways of reducing pigeons in and around the market, with the use of non-harmful fire gel

    Cllr Harper said: “We will be implementing these improvements over the next few months as part of our determination to make Norwich Market one of England’s and Europe’s premier tourist and shopping experiences. We want people from all over the UK, Europe and beyond to come and sample the atmosphere of our magical medieval city and market.”

    To take part in the survey go to: gettalking.norwich.gov.uk/market

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Derby Market Hall reopening draws stunning numbers of visitors on opening weekend

    Source: City of Derby

    A spectacular week-long celebration is now under way at Derby’s iconic Victorian Market Hall, continuing throughout the May half-term holiday.

    The programme features live music, creative workshops, performances, and family activities designed for all ages in the revitalised Market Hall.

    The transformed Market Hall officially reopened to the public on Saturday 24 May, drawing in over 34,500 visitors in its first three days.

    The grand opening saw thousands of visitors from across Derby and beyond queuing outside Osnabruck Square to be among the first to step into the historic Grade II listed building. The occasion was marked with a ribbon-cutting ceremony by Councillor Nadine Peatfield, and the new Mayor of Derby, Ajit Atwal – nearly 159 years since the Market Hall opened its doors in 1866.

    Extraordinary crowds gathered on opening day, with thousands of people queuing to visit on Saturday 24 May. The excitement continued throughout the Bank Holiday weekend with over 34,500 visitors in total. Visitors enjoyed a weekend full of live entertainment and workshops whilst browsing trader stalls and tasting a vibrant array of local and international cuisine on offer. 

    Saturday’s celebrations saw a performance from Deep Down Brass alongside a packed programme of live music, walkabout performers, and family entertainment. The festivities continued throughout the Bank Holiday weekend with local musical talent, performances, and free creative workshops for children. 

    Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said:

    It was absolutely phenomenal to see that the Market Hall drew in over thirty-four thousand visitors in its first three days. The queues to get in on Saturday were beyond expectations, and I’m thrilled that it has been a successful opening weekend.

    We can be proud that Derby Market Hall is now a vibrant destination with live entertainment, pop-ups, bars, and incredible dining options. By giving people so many reasons to visit there really is something for everyone, and Derby’s Market Hall is truly thriving once again. 

    This is a big catalyst moment in Derby’s ongoing regeneration efforts. The impact on the entire city that 34,500 additional visitors has had shows that the decision to invest in our most cherished heritage building was an important one. Going forward, the Market Hall will contribute significantly to the local economy, generating over three and half million pounds for the local economy every year.

    Originally opened in 1866, the iconic Grade II listed building has undergone a significant £35.1 million restoration – part funded with £9.43 million from the Government’s Future High Streets Fund – creating a vibrant venue that brings together the best of the region’s independent shopping, eating, drinking, and entertainment under one beautiful roof.

    More information about traders and events is available on the Derby Market Hall website. You can also follow Derby Market Hall on Facebook and Instagram.  

    Derby Market Hall is open 8am – 3pm from Monday to Wednesday; 8am – 10pm Thursday to Saturday and 11am until 3pm on Sunday. 

    MIL OSI United Kingdom

  • MIL-OSI: Himax Subsidiary Liqxtal Technology Pro-Eye Vision Care Display Makes its Medical Taiwan 2025 Debut

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, May 29, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and Liqxtal Technology Inc. (“Liqxtal”), a subsidiary of Himax dedicated to developing various liquid crystal optical components with exceptional design expertise, today jointly unveiled the industry’s first patented vision care display — the Liqxtal® Pro-Eye will be showcased at Medical Taiwan 2025, the premier medical and healthcare technology exhibition in the Asia-Pacific region taking place June 5 – 7 at the Taipei Nangang Exhibition Center, Hall 2. Liqxtal® Pro-Eye has already been deployed in multiple engineering projects with leading industry partners targeting applications addressing age-related presbyopia and slowing the progression of myopia for school-aged children, as well as eye comfort during extended viewing times. Alongside the Pro-Eye display, several other products will also be on display that integrate cutting-edge imaging and liquid crystal-based smart optical technologies.

    Liqxtal® Pro-Eye employs patented electrically tunable liquid crystal technology to break beyond the typical 20 to 24-inch viewing distance of conventional computer monitors, projecting a virtual image roughly 16 feet away. This effectively relieves ciliary muscle fatigue, dramatically alleviating eye strain and creating a comfortable, low-effort virtual viewing distance, redefining the interactive experience of personalized displays. Liqxtal’s patented technology is especially suited for seniors and school-age children. It not only eases near-vision strain and eye dryness for individuals with presbyopia but also reduces the risk of axial elongation in children from prolonged close-range reading, thereby helping to delay myopia progression and support vision health.

    Liqxtal® Pro-Eye – Cutting-Edge Patented Vision Care Display

    Dr. Hung Shan Chen, President of Liqxtal, will give a speech entitled “Presbyopia Savior! The Most Comfortable Vision-Care Display for Seniors,” on June 7 at 1:30 p.m. at the main stage where he will dive into the core technologies behind the Liqxtal® Pro-Eye and its revolutionary application scenarios.

    Liqxtal will also showcase a range of other products that combine innovative imaging and smart optical technologies. Among them is the Liqxtal® Dim adaptive lens, which integrates Liqxtal’s exclusive pixelated light valve control with Himax’s WiseEye ultralow power AI sensing technology. Liqxtal® Dim can detect ambient light in real time and adaptively adjust light tuning, making it ideal for smart sunglasses and vision training devices, significantly improving user comfort in both bright sunlight and dim indoor conditions.

    “Liqxtal has been relentlessly advancing liquid crystal-based optical technologies and expanding applications particularly in display and wearable applications. The Pro-Eye display showcased at Medical Taiwan is a prime example,” said Dr. Hung Shan Chen, President of Liqxtal. “With our patented electrically tunable liquid crystal technology, Pro-Eye significantly alleviates the fatigue and dryness associated with extended viewing, delivering unprecedented comfort and visual clarity. Whether for seniors, schoolchildren, or anyone who spends long hours in front of a screen, this truly is a tangible innovation in visual wellness for our digital age.”

    Himax and Liqxtal warmly invite all interested media and professionals to visit Booth P0430 in the “Digital Health Pavilion” first floor of Hall 2 at the Taipei Nangang Exhibition Center. Come experience the Liqxtal® Pro-Eye display and other cutting-edge technologies firsthand and see how liquid crystal-based optics is transforming health-focused display applications.

    About Liqxtal Technology Inc.

    Liqxtal Technology Inc. is a Taiwan based company that has been focused on exploring opportunities with liquid crystal (“LC”) beyond just displays since the company’s inception. With a distinguished track record in liquid crystal optics, Liqxtal has developed liquid crystal based optical components such as LC lens for ophthalmic application, LC diffuser for 3D sensing and LC retarder for light sensing. Additionally, Liqxtal designed and released LQ001, a high voltage & tunable frequency LC driver with a 1mm x 2mm footprint, which is particularly ideal for portable products. As a subsidiary of Himax Technologies, Liqxtal also integrates novel display solutions such as tunable backlight with local dimming capability powered by FPGA for niche applications. Lastly, Liqxtal is dedicated to novel vision eyewear technology and strives to innovate and advance useful optical solutions to the world.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Liqxtal Contact:
    Henry Hung, Deputy Director of Market & Sales Division
    Liqxtal Technology Inc.
    Tel: +886-6-505-0880
    Email: info@liqxtal.com

    Himax Contacts:
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us 
    www.mzgroup.us

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a129e586-9c5f-4f5f-998a-e831ea57972e

    The MIL Network

  • MIL-OSI Asia-Pac: President Lai meets US delegation led by Senator Tammy Duckworth

    Source: Republic of China Taiwan

    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman”>Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • Trump again criticizes Putin as Ukraine war heats up

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump again expressed frustration on Wednesday with Russian President Vladimir Putin over the intensifying Ukraine conflict, a day after warning that Putin was “playing with fire” by resisting ceasefire talks while escalating drone and missile attack s.

    But Trump also told reporters in the Oval Office that he was not yet prepared to impose new sanctions on Russia because he did not want the penalties to scuttle a potential peace deal.

    Russia has proposed holding the next round of direct talks with Ukraine on June 2 in Istanbul, Russian Foreign Minister Sergei Lavrov said on Wednesday. There was no immediate response from Kyiv.

    The public squabble between the U.S. and Russia unfolded as the three-year-old war heats up, with swarms of drones launched by both Russia and Ukraine and Russian troops advancing at key points along the front.

    Delegates from Russia and Ukraine met earlier this month in Istanbul under pressure from Trump to end the bloodiest conflict in Europe since World War Two, but the talks failed to yield the ceasefire that Kyiv and its Western allies have pushed for. Moscow said certain conditions needed to be met before a ceasefire agreement.

    Asked whether the Russian leader might be intentionally delaying negotiations, Trump said, “We’re going to find out whether or not he’s tapping us along or not, and if he is, we’ll respond a little differently.”

    After speaking to Trump on May 19, Putin said he had agreed to work with Ukraine on a memorandum which would set out the contours of a peace accord including the timing of a ceasefire.

    Ukraine has not yet officially agreed to Russia’s proposed meeting on June 2. Defence Minister Rustem Umerov said on Wednesday that Kyiv had already submitted its memorandum on a potential settlement and called on Russia to produce its version immediately, rather than waiting until next week.

    “We are not opposed to further meetings with the Russians and are awaiting their ‘memorandum’, so that the meeting won’t be empty and can truly move us closer to ending the war,” Umerov said.

    The Russian Foreign Ministry said Lavrov spoke to U.S. Secretary of State Marco Rubio on Wednesday about Moscow’s preparation of “concrete proposals” for upcoming talks in Istanbul but gave no details.

    Putin’s demands for ending the war include a written pledge from Western leaders that NATO will not expand eastward to former Soviet republics such as Ukraine and Georgia and the lifting of some sanctions on Russia, according to Russian sources with knowledge of the negotiations.

    In a post on Truth Social on Tuesday, Trump had warned Putin that he was “playing with fire” and that “really bad” things would have happened to Russia already if not for Trump himself.

    Putin’s foreign policy aide, Yuri Ushakov, told a state TV reporter that Trump’s remark suggested he is not well-briefed on the realities of the war.

    WAR HEATING UP

    Russia said on Wednesday it had downed 296 Ukrainian drones over 13 regions overnight, while Ukraine’s military said it had struck several Russian weapon production sites.

    Ukraine said Russia had launched 88 drones and five ballistic missiles.

    After Russia said in late April it had ejected Ukrainian forces from the western Kursk region, Moscow’s forces have pushed over the border into the neighbouring Sumy region of northeastern Ukraine and taken several villages there.

    Ukrainian President Volodymyr Zelenskiy said that Russia has gathered 50,000 troops near the northern Sumy region, but added that Kyiv had taken steps to prevent Moscow from conducting a large-scale offensive there.

    Speaking in Berlin during a visit by Zelenskiy, German Chancellor Friedrich Merz said that Germany and Ukraine will develop the joint production of long-range missiles, a move the Kremlin said was irresponsible and amounted to stoking the war.

    Russian Defence Minister Andrei Belousov said that the U.S.-led NATO military alliance was using the Ukrainian crisis to build up its presence across eastern Europe and the Baltic but that Russia was advancing along the entire front in Ukraine.

    Putin ordered tens of thousands of troops to invade Ukraine in February 2022 after eight years of fighting in eastern Ukraine between Russian-backed separatists and Ukrainian troops.

    Russia currently controls just under one fifth of Ukraine. Though Russian advances have accelerated over the past year, the war is costing both Russia and Ukraine dearly in terms of casualties and military spending.

    (Reuters)

  • MIL-OSI: Aurora Mobile Limited Announces First Quarter 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 29, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Revenues were RMB89.0 million (US$12.3 million), an increase of 38% year-over-year.
    • Cost of revenues was RMB30.1 million (US$4.2 million), an increase of 66% year-over-year.
    • Gross profit was RMB58.8 million (US$8.1 million), an increase of 27% year-over-year.
    • Total operating expenses were RMB60.6 million (US$8.3 million), an increase of 14% year-over-year.
    • Net loss was RMB1.6 million (US$0.2 million), compared with a net loss of RMB2.6 million for the same quarter last year.
    • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB2.6 million (US$0.4 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB2.4 million for the same quarter last year.
    • Adjusted net loss (non-GAAP) was RMB1.2 million (US$0.2 million), compared with a RMB1.3 million adjusted net loss for the same quarter last year.
    • Adjusted EBITDA (non-GAAP) was RMB0.5 million (US$63 thousand), compared with RMB0.2 million for the same quarter last year.

    Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We have had a great start to 2025. Our Q1’2025 performance and numbers are very impressive.

    • Firstly, our EngageLab business had a “Monster Quarter” where we closed out more than RMB63 million worth of contract value in just one quarter. This brings the total cumulative EngageLab contract value in excess of RMB110 million by March 31, 2025.
    • Secondly, the Group’s revenue this quarter reached RMB89.0 million, achieving a remarkable 38% growth year-over-year. EngageLab’s recognized revenue also grew by 127% year-over-year.
    • Thirdly, our Financial Risk Management business had its best quarter in history, recording the highest quarterly revenue of RMB22.2 million, revenue grew by 64% year-over-year.
    • Fourthly, gross profit grew strongly by 27% year-over-year, achieving the highest gross profit for the past 9 quarters. Gross margin has also improved 520 basis points quarter-over-quarter!
    • Fifthly, we recorded another Adjusted EBITDA profit in this quarter. This marks the 7th consecutive quarterly positive Adjusted EBITDA we have had.

    With these numbers above, we are equally excited about 2025. This has no doubt set a great momentum for the rest of the 2025 ! The progress in our performance and our solid financial position enable us to invest more resources into the development of our enterprise AI agent platform and its global expansion.”

    Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “In Q1’2025, our revenue grew by 38% year-over-year, gross profit grew by 27% whilst operating expenses grew by 14%. Overall, we are pleased to see how the operating expenses have been trending in view of the revenue and gross profit growth. This is a sustainable growth model on a long-term basis.”

    First Quarter 2025 Financial Results

    Revenues were RMB89.0 million (US$12.3 million), an increase of 38% from RMB64.5 million in the same quarter of last year, attributable to a 39% increase in revenue from Developer Services and a 35% increase in revenue from Vertical Applications. In particular, the revenues from Value-Added Services within Developer Services increased by 269% compared to the same quarter of last year.

    Cost of revenues was RMB30.1 million (US$4.2 million), an increase of 66% from RMB18.2 million in the same quarter of last year. The increase was mainly due to a RMB5.6 million increase in media cost, a RMB1.6 million increase in short messaging cost, and a RMB4.7 million increase in other direct costs related to revenue generation.

    Gross profit was RMB58.8 million (US$8.1 million), an increase of 27% from RMB46.4 million in the same quarter of last year.

    Total operating expenses were RMB60.6 million (US$8.3 million), an increase of 14% from RMB53.0 million in the same quarter of last year.

    • Research and development expenses were RMB24.6 million (US$3.4 million), an increase of 8% from RMB22.7 million in the same quarter of last year, mainly due to a RMB0.9 million increase in personnel costs and a RMB0.8 million increase in cloud cost.
    • Sales and marketing expenses were RMB23.3 million (US$3.2 million), an increase of 34% from RMB17.4 million in the same quarter of last year, mainly due to a RMB5.2 million increase in personnel costs.
    • General and administrative expenses were RMB12.7 million (US$1.7 million), a decrease of 2% from RMB12.9 million in the same quarter of last year, mainly due to a RMB0.6 million decrease in share-based compensation expenses.

    Loss from operations was RMB1.5 million (US$0.2 million), compared with RMB5.1 million in the same quarter of last year.

    Net Loss was RMB1.6 million (US$0.2 million), compared with RMB2.6 million in the same quarter of last year.

    Adjusted net loss (non-GAAP) was RMB1.2 million (US$0.2 million), compared with RMB1.3 million in the same quarter of last year.

    Adjusted EBITDA (non-GAAP) was RMB0.5 million (US$63 thousand) compared with RMB0.2 million for the same quarter of last year.

    The cash and cash equivalents and restricted cash were RMB113.6 million (US$15.7 million) as of March 31, 2025 compared with RMB119.5 million as of December 31, 2024.

    Business Outlook

    For the second quarter of 2025, the Company expects the total revenue to be between RMB87.5 million and RMB90.5 million, representing year-over-year growth of approximately 10% to 14%.

    The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.

    Update on Share Repurchase

    As of March 31, 2025, the Company had repurchased a total of 295,179 ADS, of which 16,322 ADSs, or around US$170.5 thousand were repurchased during the first quarter in 2025.

    Conference Call

    The Company will host an earnings conference call on Thursday, May 29, 2025 at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Beijing time on the same day).

    All participants must register in advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BI47c63565ef284b3784a50da74dc4a38e

    A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobile’s website at https://ir.jiguang.cn/

    Use of Non-GAAP Financial Measures

    In evaluating the business, the Company considers and uses two non-GAAP measures, adjusted net (loss)/income and adjusted EBITDA, as a supplemental measure to review and assess its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net (loss)/income as net loss excluding share-based compensation. The Company defines adjusted EBITDA as net loss excluding interest expense, depreciation of property and equipment, amortization of intangible assets, income tax expenses/(benefits) and share-based compensation.

    The Company believes that adjusted net (loss)/income and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that it includes in loss from operations and net loss.

    The Company believes that adjusted net (loss)/income and adjusted EBITDA provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the management in their financial and operational decision-making.

    The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using adjusted net (loss)/income and adjusted EBITDA is that they do not reflect all items of income and expense that affect the Company’s operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

    The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.

    Reconciliations of the non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    For investor and media inquiries, please contact:

    Aurora Mobile Limited

    ir@jiguang.cn

    Christensen

    In China

    Ms. Xiaoyan Su

    Phone: +86-10-5900-1548

    E-mail: Xiaoyan.Su@christensencomms.com 

    In U.S.

    Ms. Linda Bergkamp

    Phone: +1-480-614-3004

    Email: linda.bergkamp@christensencomms.com 

    Footnote:

    This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2025.

     
    AURORA MOBILE LIMITED
    UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
    (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data)
                     
        Three months ended
        March 31, 2024   December 31, 2024   March 31, 2025
        RMB   RMB   RMB   US$
                     
    Revenues   64,524     93,153     88,961     12,259  
    Cost of revenues   (18,152 )   (36,468 )   (30,117 )   (4,150 )
    Gross profit   46,372     56,685     58,844     8,109  
    Operating expenses                
    Research and development   (22,681 )   (24,326 )   (24,607 )   (3,391 )
    Sales and marketing   (17,391 )   (24,583 )   (23,303 )   (3,211 )
    General and administrative   (12,932 )   (11,392 )   (12,676 )   (1,747 )
    Total operating expenses   (53,004 )   (60,301 )   (60,586 )   (8,349 )
    Other operating income   1,579     3,393     197     27  
    Loss from operations   (5,053 )   (223 )   (1,545 )   (213 )
    Foreign exchange (loss)/gain, net   (23 )   (62 )   38     5  
    Interest income   2,187     288     236     33  
    Interest expenses   (6 )   (42 )   (39 )   (5 )
    Other income/(loss)   15     (805 )        
    Gains from fair value change   23     45     38     5  
    Loss before income taxes   (2,857 )   (799 )   (1,272 )   (175 )
    Income tax benefits/(expenses)   244     105     (336 )   (46 )
    Net loss   (2,613 )   (694 )   (1,608 )   (221 )
    Less: net (loss)/income attributable to noncontrolling interests   (214 )   372     944     130  
    Net loss attributable to Aurora Mobile Limited’s shareholders   (2,399 )   (1,066 )   (2,552 )   (351 )
    Net loss per share, for Class A and Class B common shares:                
    Class A and B Common Shares – basic and diluted   (0.03 )   (0.01 )   (0.03 )   (0.00 )
    Shares used in net loss per share computation:                
    Class A Common Shares – basic and diluted   62,687,345     63,200,100     63,254,710     63,254,710  
    Class B Common Shares – basic and diluted   17,000,189     17,000,189     17,000,189     17,000,189  
    Other comprehensive income/(loss)                
    Foreign currency translation adjustments   78     1,357     (82 )   (11 )
    Total other comprehensive income/(loss), net of tax   78     1,357     (82 )   (11 )
    Total comprehensive (loss)/income   (2,535 )   663     (1,690 )   (232 )
    Less: comprehensive (loss)/income attributable to noncontrolling interests   (214 )   372     944     130  
    Comprehensive (loss)/income attributable to Aurora Mobile Limited’s shareholders   (2,321 )   291     (2,634 )   (362 )
                     
    AURORA MOBILE LIMITED
    UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
    (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
                 
        As of
        December 31, 2024   March 31, 2025
        RMB   RMB   US$
    ASSETS            
    Current assets:            
    Cash and cash equivalents   119,171     113,267     15,609  
    Restricted cash   376     375     52  
    Accounts receivable   50,804     54,071     7,451  
    Prepayments and other current assets   14,264     17,354     2,391  
    Total current assets   184,615     185,067     25,503  
    Non-current assets:            
    Long-term investments   113,506     113,458     15,635  
    Property and equipment, net   4,573     4,331     597  
    Operating lease right-of-use assets   17,146     15,892     2,190  
    Intangible assets, net   13,767     12,788     1,762  
    Goodwill   37,785     37,785     5,207  
    Deferred tax assets   131     167     23  
    Other non-current assets   6,510     6,503     895  
    Total non-current assets   193,418     190,924     26,309  
    Total assets   378,033     375,991     51,812  
    LIABILITIES AND SHAREHOLDERS’ EQUITY            
    Current liabilities:            
    Short-term loan   3,000          
    Accounts payable   32,691     34,114     4,701  
    Deferred revenue and customer deposits   147,111     156,929     21,625  
    Operating lease liabilities   4,461     4,152     572  
    Accrued liabilities and other current liabilities   74,370     66,407     9,151  
    Total current liabilities   261,633     261,602     36,049  
    Non-current liabilities:            
    Operating lease liabilities   13,376     12,292     1,694  
    Deferred tax liabilities   3,059     2,891     398  
    Other non-current liabilities   567     567     78  
    Total non-current liabilities   17,002     15,750     2,170  
    Total liabilities   278,635     277,352     38,219  
    Shareholders’ equity:            
    Common shares   50     51     7  
    Treasury shares   (1,674 )   (2,898 )   (399 )
    Additional paid-in capital   1,045,221     1,047,375     144,332  
    Accumulated deficit   (995,715 )   (998,267 )   (137,565 )
    Accumulated other comprehensive income   20,040     19,958     2,750  
    Total Aurora Mobile Limited’s shareholders’ equity   67,922     66,219     9,125  
    Noncontrolling interests   31,476     32,420     4,468  
    Total shareholders’ equity   99,398     98,639     13,593  
    Total liabilities and shareholders’ equity   378,033     375,991     51,812  
                 
    AURORA MOBILE LIMITED
    RECONCILIATION OF GAAP AND NON-GAAP RESULTS
    (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
                     
        Three months ended
        March 31, 2024   December 31, 2024   March 31, 2025
        RMB   RMB   RMB   US$
    Reconciliation of Net Loss to Adjusted Net (Loss)/Income:              
    Net loss   (2,613 )   (694 )   (1,608 )   (221 )
    Add:                
    Share-based compensation   1,268     795     407     56  
    Adjusted net (loss)/income   (1,345 )   101     (1,201 )   (165 )
    Reconciliation of Net Loss to Adjusted EBITDA:                
    Net loss   (2,613 )   (694 )   (1,608 )   (221 )
    Add:                
    Income tax (benefits)/expenses   (244 )   (105 )   336     46  
    Interest expenses   6     42     39     5  
    Depreciation of property and equipment   380     197     266     37  
    Amortization of intangible assets   1,369     1,052     1,019     140  
    EBITDA   (1,102 )   492     52     7  
    Add:                
    Share-based compensation   1,268     795     407     56  
    Adjusted EBITDA   166     1,287     459     63  
                     
    AURORA MOBILE LIMITED
    UNAUDITED SAAS BUSINESSES REVENUE
    (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
                     
                     
        Three months ended
        March 31, 2024   December 31, 2024   March 31, 2025
        RMB   RMB   RMB   US$
                     
    Developer Services   44,749     70,998     62,322     8,588  
    Subscription   42,351     54,687     53,467     7,368  
    Value-Added Services   2,398     16,311     8,855     1,220  
    Vertical Applications   19,775     22,155     26,639     3,671  
    Total Revenue   64,524     93,153     88,961     12,259  
    Gross Profits   46,372     56,685     58,844     8,109  
    Gross Margin   71.9%     60.9%     66.1%     66.1%  
                     

    The MIL Network

  • MIL-OSI China: Love, loss, and song: Chinese animated film tugs at heartstrings

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

    “Endless Journey of Love,” a new and original Chinese animated film set for release during the upcoming Dragon Boat Festival holiday, tells a poignant love story in a fantasy world centered on time manipulation and features a touching theme song performed by pop star Zhou Shen.

    A promotional image of Zhou Shen’s theme song for Chinese animated film “Endless Journey of Love.” [Image courtesy of Universal Music China]

    Zhou’s new song and music video, “Dreaming of You,” was released on May 26. His pure and delicate voice conveys the sense of destiny woven into the film’s narrative. Using “dreams” as metaphor key, the song unlocks the shared past of the film’s protagonists, Shi Qi and Qian Xiao, whilstexploring the universal themes of connection, farewell, and reunion. The song captures the human longing to control time, relive lost moments, and transforms unsaid goodbyes. into transcendent reunions across time.

    “This song can find its way into everyone’s life. Farewell is a mandatory lesson in life,” Zhou said, recalling several very important goodbyes in his life as he resonated with the film and song. “Many vivid stories may ultimately end at a gentle point. Just like the lyrics say, maybe one day we will meet again in a dream.”

    The theme song serves as the first single and beginning of a partnership between Universal Music China (UMC) and Brave Music, a label founded by the acclaimed Chinese composer and producer Qian Lei, who wrote and produced “Dreaming of You.” On May 26, the two companies announced a multi-year global distribution deal for UMC to distribute future releases from Brave Music, leveraging Universal Music Group’s global network. 

    Crew and voice cast pose for a group photo at the premiere of “Endless Journey of Love” in Beijing, May 27, 2025. [Photo courtesy of Bravo Entertainment]

    “Endless Journey of Love,” written and directed by the couple Yu Ao and Zhou Tienan, follows Qian Xiao, a seashore village girl in 1930s China. She gains control of time from a magical device called the “Wheel of Time.” As powerful forces pursue her, she meets Shi Qi, a cold-faced assassin who is also after the wheel. The two form a one-day partnership and embark on a thrilling, romantic and tear-jerking journey with plenty of twists. Their relationship shifts from rivals to allies as the wheel pursuers try to shape their fate. The stellar voice cast includes Karry Wang, Liu Xiaoyu, and singer Zhou Shen himself, along with movie stars Huang Bo and Jia Bing.

    The film is a blend of human nature, time control and the romantic courage to defy fate. The original plot offers a fresh idea, emotional depth, all amplified by a retro Shanghai-style setting. Directors Yu Ao and Zhou Tienan said that the five-year production tested their physical and mental endurance. From scriptwriting to voice acting and refining more than 2,000 shots, the team’s shared journey through time has brought the fantasy story to life.

    Director Yu Ao said at the premiere in Beijing on May 27: “farewell is the central theme of the entire film, yet being together ‘in this very moment’ gives us the courage to face parting.”

    According to co-director Yu, the inspiration for “Endless Journey of Love” came from an unexpected farewell to their beloved dog. Learning to let go of that pain, alongside the regrets, forged the starting point for their writing. Through a fantasy story about time, the creators aim to impart a much more important lesson to viewers, this being, to “seize the moment” and not waste time. 

    Sun Lingyu, the film producer who guided its development, said that “Endless Journey of Love” is a work infused with love and hope. These principles are in the the film’s very DNA. It is her hope that this film will help people reflect on their own lives and remember their loved ones.

    A poster for “Endless Journey of Love.” [Image courtesy of Maoyan Entertainment]

    The film is scheduled for nationwide release in China on May 30, ahead of the upcoming Dragon Boat Festival and International Children’s Day holiday starting May 31.

    MIL OSI China News

  • Crisil pegs India’s GDP growth at 6.5% in fiscal 2026

    Source: Government of India

    Source: Government of India (4)

    Crisil on Thursday forecast India’s gross domestic product (GDP) growth at 6.5 per cent in fiscal 2026, adding that improving domestic consumption is likely to support industrial activity.

    “We expect domestic consumption demand to improve driven by healthy agricultural growth, easing inflation supporting discretionary spend, rate cuts by the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) and income tax relief this fiscal,” the global ratings agency said in a note.

    The India Meteorological Department expects an above-normal monsoon this fiscal (106 per cent of long-period average), which bodes well for agricultural production and inflation.

    Furthermore, according to Crisil Intelligence, crude oil prices are expected to remain subdued this fiscal, averaging $65-$70 per barrel compared with an average of $78.8 per barrel in the previous fiscal.

    “We expect the MPC to cut the repo rate by another 50 basis points (bps) this fiscal, after 50 bps cuts until April. Bank lending rates have begun easing, which should support domestic demand,” according to the note.

    Overall, Crisil forecasts gross domestic product (GDP) growth at 6.5 per cent in fiscal 2026, with external headwinds posing downside risks.

    In the month of significant tariff announcements by the United States (US), IIP growth slowed in April. Production slowed in certain export-oriented sectors (including pharmaceuticals and chemicals), while front-loading exports benefitted others (machinery and readymade garments). Among consumer goods, durables performed better than non-durables.

    Industrial goods recorded a mixed performance, with output growth in capital goods picked up sharply along with a mild acceleration in intermediate goods.

    Performance of export-oriented sectors was mixed in April, despite the sharp improvement in merchandise exports (9.0 per cent in April in nominal terms vs 0.7 per cent in the previous month).

    There was also a 6.4 per cent increase in the production of consumer durables such as electronic goods, refrigerators, and TVs during November, reflecting the higher consumer demand for these items amid rising incomes, according to data released by the Ministry of Statistics.

    The infrastructure sector clocked a growth of 4 per cent on the back of big-ticket government projects being implemented in the highways, railways and ports sectors.

    (IANS)

  • MIL-OSI: NBPE – Transaction in Own Shares

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    St Peter Port, Guernsey 29 May 2025

    NB Private Equity Partners (“NBPE” or the “Company”) today announces details of Class A Shares bought back pursuant to general authority granted by shareholders of the Company on 12 June 2024 and the share buy-back agreement with Jefferies International Limited.

    Transaction on London Stock Exchange

    Date of purchase of Shares 28 May 2025
    Number of Shares purchased 1,586 Class A Shares
    Highest price/lowest price paid £14.36 / £14.22
    ISIN for the Shares GG00B1ZBD492

    All Class A Shares bought back will be cancelled. Following the cancellation, the number of outstanding Class A Shares is 45,549,961‬. The Company also has 3,150,408 Class A shares held in treasury. For reporting purposes under the FCA’s Disclosure Guidance and Transparency Rules the market should use the figure of 45,549,961 voting rights when determining if they are required to notify their interest in, or a change to their interest in the Company.

    For further information, please contact:

    NBPE Investor Relations        +44 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman

    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    The MIL Network

  • MIL-OSI: JuCoin Solves DeFi’s Accessibility Crisis with Breakthrough CeDeFi Solution

    Source: GlobeNewswire (MIL-OSI)

    Service-driven exchange JuCoin eliminates 65% user drop-off rate by removing wallet barriers and technical friction

    SINGAPORE, May 29, 2025 (GLOBE NEWSWIRE) — JuCoin, the world’s first service-driven cryptocurrency exchange, has launched its revolutionary CeDeFi solution, empowering users to trade publicly available blockchain tokens directly through their exchange accounts without the traditional requirements of external wallets, seed phrase management, or blockchain technical knowledge.

    This industry-leading innovation directly addresses crypto’s most significant adoption barrier: industry research reveals that 65% of users abandon decentralized applications after their first interaction due to overwhelming technical complexity and poor user experience design.

    “The numbers tell the story, when nearly two-thirds of people try DeFi once and never return, we’re not dealing with a user problem, we’re dealing with a design problem,” stated Sammi Li, CEO of JuCoin. “We’ve eliminated the technical gatekeeping that has kept mainstream users locked out of blockchain innovation. Now, investing in emerging tokens is as simple as trading Bitcoin on any exchange.”

    Democratizing Access to Blockchain Innovation

    JuCoin’s CeDeFi solution delivers unprecedented accessibility through:

    • Universal Blockchain Access: Direct trading of tokens from multiple networks without platform changes
    • Centralized Portfolio Management: All blockchain assets visible and manageable through JuCoin’s interface
    • One-Click Operations: Multi-step blockchain processes reduced to single actions
    • Institutional-Level Security: JuCoin’s security infrastructure protecting all decentralized interactions

    The solution breaks down the artificial barriers between centralized and decentralized finance, allowing users to explore the full spectrum of cryptocurrency innovation while maintaining the security, support, and familiarity of their trusted exchange platform.

    Executing the Service-Driven Philosophy

    This CeDeFi launch represents the culmination of JuCoin’s service-driven approach, which transforms exchanges from simple transaction processors into comprehensive financial service providers. Drawing from CEO Sammi Li’s expertise in luxury consumer experiences, JuCoin has consistently prioritized intuitive design and seamless functionality over technical showcasing.

    “We don’t measure our success by how many features we can cram into a platform, but by how effortlessly our users can achieve their financial goals,” Li noted. “Our CeDeFi solution embodies this principle. It’s the result of making sophisticated blockchain technology completely invisible to the user experience.”

    The innovation strengthens JuCoin’s comprehensive ecosystem approach, integrating with JuChain blockchain infrastructure, JuChat social platform, and JuOne hardware solutions to create a unified Web3 experience that prioritizes accessibility without sacrificing security or functionality.

    Immediate Availability and Growth Trajectory

    JuCoin’s CeDeFi solution is fully operational and available to all platform users starting today. The launch includes complete integration with Solana blockchain tokens, with additional network support planned for systematic deployment to expand access to the broader decentralized asset universe.

    Detailed user guides and educational content are available through the JuCoin platform to help users maximize the benefits of this groundbreaking technology.

    About JuCoin

    JuCoin has operated as a leading cryptocurrency exchange since 2013, evolving into the world’s first service-driven crypto platform serving over 12 million users globally across more than 30 countries. The company maintains an integrated digital ecosystem including JuChain (Layer 1 blockchain), JuOne (Web3 AI-encrypted smartphone), JuChat (Web3 super app), and JuCoin Labs (innovation hub), all unified through the JU token.

    The company’s service-driven philosophy focuses on removing complexity from cryptocurrency interactions, making advanced blockchain capabilities accessible to all users regardless of technical expertise or background.

    Contact:
    Nicolas Tang
    nicolas_t@jucoin.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9966f22e-9134-47fb-8c75-49cf846d7b51

    The MIL Network

  • US court blocks most Trump tariffs, says president exceeded his authority

    Source: Government of India

    Source: Government of India (4)

    A U.S. trade court blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners.

    The Court of International Trade said the U.S. Constitution gives Congress exclusive authority to regulate commerce with other countries that is not overridden by the president’s emergency powers to safeguard the U.S. economy.

    “The court does not pass upon the wisdom or likely effectiveness of the President’s use of tariffs as leverage,” a three-judge panel said in the decision to issue a permanent injunction on the blanket tariff orders issued by Trump since January. “That use is impermissible not because it is unwise or ineffective, but because [federal law] does not allow it.”

    The judges also ordered the Trump administration to issue new orders reflecting the permanent injunction within 10 days. The Trump administration minutes later filed a notice of appeal and questioned the authority of the court.

    The court invalidated with immediate effect all of Trump’s orders on tariffs since January that were rooted in the International Emergency Economic Powers Act (IEEPA), a law meant to address “unusual and extraordinary” threats during a national emergency.

    The court was not asked to address some industry-specific tariffs Trump has issued on automobiles, steel and aluminum, using a different statute.

    The decisions of the Manhattan-based Court of International Trade, which hears disputes involving international trade and customs laws, can be appealed to the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., and ultimately the U.S. Supreme Court.

    TRADE TURMOIL

    Trump has made charging U.S. importers tariffs on goods from foreign countries the central policy of his ongoing trade wars, which have severely disrupted global trade flows and roiled financial markets.

    Companies of all sizes have been whipsawed by Trump’s swift imposition of tariffs and sudden reversals as they seek to manage supply chains, production, staffing and prices.

    A White House spokesperson on Wednesday said U.S. trade deficits with other countries constituted “a national emergency that has decimated American communities, left our workers behind, and weakened our defense industrial base – facts that the court did not dispute.”

    “It is not for unelected judges to decide how to properly address a national emergency,” Kush Desai, the spokesperson, said in a statement.

    Financial markets cheered the ruling. The U.S. dollar rallied following the court’s order, surging against currencies such as the euro, yen and the Swiss franc in particular. Wall Street futures rose and equities across Asia also rose.

    The ruling, if it stands, blows a giant hole through Trump’s strategy to use steep tariffs to wring concessions from trading partners. It creates deep uncertainty around multiple simultaneous negotiations with the European Union, China and many other countries.

    Trump has promised Americans that the tariffs would draw manufacturing jobs back to U.S. shores and shrink a $1.2 trillion U.S. goods trade deficit, which were among his central campaign promises.

    Without the instant leverage provided by tariffs of 10% to 54% or higher, the Trump administration would have to find new forms of leverage or take a slower approach to negotiations with trading partners.

    BUSINESSES HURTING

    The ruling came in a pair of lawsuits, one filed by the nonpartisan Liberty Justice Center on behalf of five small U.S. businesses that import goods from countries targeted by the duties and the other by 12 U.S. states.

    The companies, which range from a New York wine and spirits importer to a Virginia-based maker of educational kits and musical instruments, have said the tariffs will hurt their ability to do business.

    “There is no question here of narrowly tailored relief; if the challenged Tariff Orders are unlawful as to Plaintiffs they are unlawful as to all,” the judges wrote in their decision.

    At least five other legal challenges to the tariffs are pending.

    Oregon Attorney General Dan Rayfield, a Democrat whose office is leading the states’ lawsuit, called Trump’s tariffs unlawful, reckless and economically devastating.

    “This ruling reaffirms that our laws matter, and that trade decisions can’t be made on the president’s whim,” Rayfield said in a statement.

    Trump has claimed broad authority to set tariffs under IEEPA. The law has historically been used to impose sanctions on enemies of the U.S. or freeze their assets. Trump is the first U.S. president to use it to impose tariffs.

    The Justice Department has said the lawsuits should be dismissed because the plaintiffs have not been harmed by tariffs that they have not yet paid, and because only Congress, not private businesses, can challenge a national emergency declared by the president under IEEPA.

    In imposing the tariffs in early April, Trump called the trade deficit a national emergency that justified his 10% across-the-board tariff on all imports, with higher rates for countries with which the United States has the largest trade deficits, particularly China.

    Many of those country-specific tariffs were paused a week later. The Trump administration on May 12 said it was also temporarily reducing the steepest tariffs on China while working on a longer-term trade deal. Both countries agreed to cut tariffs on each other for at least 90 days.

    (Reuters)

  • MIL-OSI Asia-Pac: Chinese Culture Festival 2025 to stage Henan Yuediao opera plays for first time in Hong Kong in June (with photos)

    Source: Hong Kong Government special administrative region

         The Chinese Culture Festival (CCF) 2025, organised by the Leisure and Cultural Services Department (LCSD), will stage Henan Yuediao opera, a regional operatic genre rarely seen by Hong Kong audiences, for the first time in late June. Shen Xiaomei, currently the leading exponent of the Yuediao opera, will lead a group of outstanding artists from the Henan Provincial Yue Diao Art Protection and Inheritance Center to Hong Kong to perform the classic plays “Jiang Wei Surrenders” and “Li Tianbao Gets Married”, showcasing the unique and traditional artistic charm of Yuediao opera with the best line-up of the troupe. This programme is also one of the 13th Chinese Opera Festival (COF) and the Hong Kong Intangible Cultural Heritage Month 2025 events.

         Henan Yuediao is one of the three major Chinese opera genres in Henan Province. With a history of more than 300 years, it was inscribed onto the First National List of Intangible Cultural Heritage in 2006. Known for its distinctive vocal styles and intricate musicality, Yuediao opera is celebrated for possessing the rich artistic charm of “nine vocal tones, 18 variations, and 72 ending utterances”. The Shen School of Henan Yuediao has gained acclaim for its “Three Kingdoms” repertory, and Shen Fengmei, the founder of the Shen School, was famous for her unique portrayal of Zhuge Liang in female “xusheng” (bearded male) roles. —————————————————–
    Date and time: June 27 (Friday), 7.30pm———————————————————
    Date and time: June 28 (Saturday), 7.30pm

    MIL OSI Asia Pacific News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 29, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 29, 2025.

    Parents of autistic children are stressed. Here’s what they want you to know
    Source: The Conversation (Au and NZ) – By Trevor Mazzucchelli, Associate Professor of Clinical Psychology, Curtin University ErsinTekkol/Shutterstock If you’re a parent or carer of a child who’s autistic, the odds are you’re spinning more plates than the average person. The emotional, physical and logistical demands stack up, often without the kind of support you

    Sexual health info online is crucial for teens. Australia’s new tech codes may threaten their access
    Source: The Conversation (Au and NZ) – By Giselle Woodley, Lecturer and Research Fellow, Edith Cowan University CarlosDavid / Getty Last week, organisations from Australia’s online industries submitted a final draft of new industry codes aimed at protecting children from “age-inappropriate content” to the eSafety commissioner. The commissioner will now decide if the codes are

    Politics with Michelle Grattan: Zoe McKenzie on everything that went wrong and whether a gender quota could help the Liberals
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The Liberals, still reeling from their crushing 2025 election defeat and following with brief split in the Coalition, have a new frontbench and their eyes turning to the long road of rebuilding. New leader Sussan Ley stresses the importance of

    After a chaotic 6 months, South Koreans will elect a new president – and hope for bold leadership
    Source: The Conversation (Au and NZ) – By Alexander M. Hynd, Lecturer, Korean Politics/International Relations, The University of Melbourne On June 3, South Koreans will head to the polls to choose the country’s new president. The election may draw to a close one of the most chaotic and contentious periods in the country’s post-1987 democratic

    Samoa parliament to be dissolved in June, election date to come
    By Grace Tinetali-Fiavaai, RNZ Pacific journalist Its official. Samoa’s Parliament will be dissolved next week and the country will have an early return to the polls. The confirmation comes after a dramatic day in Parliament on Tuesday, which saw the government’s budget voted down at its first reading. In a live address today, Prime Minister

    From working class pubs to sold-out stadiums: how darts has become a major international sport
    Source: The Conversation (Au and NZ) – By Joshua McLeod, Senior Lecturer in Sport Management, Deakin University Few sports have witnessed a transformation as dramatic as darts in recent years. From its origins as a pub game stereotypically played with cigarette and beer in hand, darts is now serious business. With surging television ratings and

    Sudden arrivals: NZ ambulance crews describe what it’s like when babies are born out of the blue
    Source: The Conversation (Au and NZ) – By Vinuli Withanarachchie, PhD candidate, College of Health, Te Kunenga ki Pūrehuroa – Massey University WOWstockfootage/Getty Images It doesn’t happen very often, but every now and then expectant mothers don’t quite make it to the delivery suite on time – requiring specialised care from emergency medical services (EMS).

    Why NZ must act against Israel’s ethnic cleansing and genocide
    ANALYSIS: By Ian Powell When I despairingly contemplate the horrors and cruelty that Palestinians in Gaza are being subjected to, I sometimes try to put this in the context of where I live. I live on the Kāpiti Coast in the lower North Island of Aotearoa New Zealand. Geographically it is around the same size

    Knife crime is common but difficult to investigate. Robots can help
    Source: The Conversation (Au and NZ) – By Paola A. Magni, Associate Professor of Forensic Science, Murdoch University The following article contains material that some readers might find distressing. Around the world, knives are a popular weapon of choice among criminals. In Australia, for example, they are the most common weapon used in homicides. And

    Can your cat recognise you by scent? New study shows it’s likely
    Source: The Conversation (Au and NZ) – By Julia Henning, PhD Candidate in Feline Behaviour, School of Animal and Veterinary Science, University of Adelaide Ever wonder if your cat could pick you out of a line up? New research suggests they could … but maybe not in the way you would expect. Previous research has

    PCOS affects 1 in 8 women worldwide, yet it’s often misunderstood. A name change might help
    Source: The Conversation (Au and NZ) – By Helena Teede, Director of Monash Centre for Health Research Implementation, Monash University LightField Studios/Shutterstock Polycystic ovary syndrome (PCOS) affects one in eight women globally. However, this complex hormonal condition is under-researched and often misunderstood. This is partly due to its name, which overemphasises “cysts” and the ovaries.

    Behind the wellness industry’s scented oils and soothing music are often underpaid, exploited workers
    Source: The Conversation (Au and NZ) – By Rawan Nimri, Lecturer in Tourism and Hospitality, Griffith University Prostock Studio/Shutterstock Wellness tourism is booming. Think yoga retreats in Bali, digital detox weekends in a rainforest, or a break on a luxury island to “find yourself”. It’s no longer just about taking selfies at the beach or

    X-rays have revealed a mysterious cosmic object never before seen in our galaxy
    Source: The Conversation (Au and NZ) – By Ziteng Wang, Associate Lecturer, Curtin Institute of Radio Astronomy (CIRA), Curtin University Author provided In a new study published today in Nature, we report the discovery of a new long-period transient – and, for the first time, one that also emits regular bursts of X-rays. Long-period transients

    Antarctica’s sea ice is changing, and so is a vital part of the marine food web that lives within it
    Source: The Conversation (Au and NZ) – By Jacqui Stuart, Postdoctoral Researcher in Marine Ecology, Te Herenga Waka — Victoria University of Wellington Jacqui Stuart, VUW, CC BY-NC-ND Antarctica is the world’s great cooling unit. This vital part of Earth’s climate system is largely powered by the annual freeze and melt of millions of square

    The body as landscape: how post-war Japanese dance and theatre shaped performance in Australia
    Source: The Conversation (Au and NZ) – By Jonathan W. Marshall, Associate Professor & Postgraduate Research Coordinator, Western Australian Academy of Performing Arts, Edith Cowan University “Tamaokoshi (たまおこし-) – Evocation” (2013) by Yumi Umiumare. Performers: Umiumare, Felix Ching Ching Ho, Fina Po, Helen Smith, Willow Conway, Sevastian Peters-Lazaro, Takashi Takiguchi. Photo by Vikk Shayen, reproduced

    View from the Hill: Liberals and Nationals patch things up and announce a shadow ministry
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Two Victorian Liberal women, Jane Hume and Sarah Henderson, have been dumped and a key numbers man has been promoted from the backbench to the shadow cabinet in the new frontbench announced by Coalition leaders Sussan Ley and David Littleproud.

    Green light for gas: North West Shelf gas plant cleared to run until 2070
    Source: The Conversation (Au and NZ) – By Samantha Hepburn, Professor, Deakin Law School, Deakin University Franklin64/Shutterstock In a decision surprising very few people, Australia’s new environment minister Murray Watt has signed off on an extension for the gas plant at Karratha, part of the enormous North West Shelf liquefied natural gas project. The decision

    Nobel laureate Brian Schmidt is ‘scared’ about Australia’s research capacity – this is why
    Source: The Conversation (Au and NZ) – By Brendan Walker-Munro, Senior Lecturer (Law), Southern Cross University On Wednesday, Nobel laureate Brian Schmidt and economics professor Richard Holden gave a joint address to the National Press Club in Canberra. Their key message? Australia isn’t spending enough money on university research. Schmidt wants to ensure Australia can

    There’s a new COVID variant driving up infections. A virologist explains what to know about NB.1.8.1
    Source: The Conversation (Au and NZ) – By Lara Herrero, Associate Professor and Research Leader in Virology and Infectious Disease, Griffith University VioletaStoimenova/Getty Images As we enter the colder months in Australia, COVID is making headlines again, this time due to the emergence of a new variant: NB.1.8.1. Last week, the World Health Organization designated

    Papua New Guinea seeks ‘fast track’ advice on resurrecting shortwave radio
    By Don Wiseman, RNZ Pacific senior journalist Papua New Guinea’s state broadcaster NBC wants shortwave radio reintroduced to achieve the government’s goal of 100 percent broadcast coverage by 2030. Last week, the broadcaster hosted a workshop on the reintroduction of shortwave radio transmission, bringing together key government agencies and other stakeholders. NBC had previously a

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: From working class pubs to sold-out stadiums: how darts has become a major international sport

    Source: The Conversation (Au and NZ) – By Joshua McLeod, Senior Lecturer in Sport Management, Deakin University

    Few sports have witnessed a transformation as dramatic as darts in recent years.

    From its origins as a pub game stereotypically played with cigarette and beer in hand, darts is now serious business.

    With surging television ratings and huge demand for live events, the growth of darts continues to leave many sports looking on in envy.

    There has been a combination of factors at play – not least one exceptionally prodigious teenager. Before discussing those factors, it’s worth taking a closer look at the numbers.

    Becoming big business

    Darts sits alongside a select few sports to have achieved significant commercial growth over the past decade.

    While not at the scale of sports such as the Ultimate Fighting Championship (UFC) and Formula 1, the rise of darts has been prolific.

    In the United Kingdom, a record-breaking peak of 3.7 million viewers watched the 2024 Professional Darts Corporation (PDC) World Championship final. It was Sky Sports’ highest-ever non-soccer broadcast.

    In addition to the PDC World Championship – the sport’s premier knockout event – viewership records were also broken across the 2024 Premier League Darts season, a league-format competition featuring weekly fixtures between top-ranked players.

    On the UK’s Sky Sports, the 15 most-watched nights in the competition’s history all occurred that year.

    The PDC World Championship and Premier League Darts sit alongside the World Matchplay as the “Triple Crown” of most important darts events.

    Outside the UK, darts viewership also continues to grow.

    The Netherlands remains a strong and expanding heartland, while in Germany, viewership for the World Championship final has increased eightfold since 2008.

    In Australia, precise viewing figures are not widely available, but the Foxtel Group’s landmark four-year deal with the PDC in 2023 suggests rising demand.

    Surging audiences are translating into significantly larger broadcast deals.

    In 2025, Sky Sports reportedly outbid Netflix to secure a new £125 million (A$260.3 million) deal for exclusive UK coverage of the PDC for 2026–30. That was double the size of the previous deal.

    In contrast, many other sports face stagnation or even sharp declines in media rights value.

    For instance, the UK Super League rugby’s rights on Sky Sports fell from £40 million (A$83.3 million) per season in 2021 to £21.5 million (A$44.5 million) in 2024.

    Similarly, in soccer, the French Ligue 1’s TV deal with DAZN collapsed due to underwhelming subscriber numbers. Meanwhile, ESPN walked away from its long-standing agreement with Major League Baseball after unsuccessfully trying to cut its US$550 million (A$848 million) annual payment down to $200 million (A$309 million).

    Prize money in darts has also exploded.

    Next year, the winner of the two-week long World Championship will bank £1 million (A$2.08 million) – doubling this year’s purse.

    The prize money was £60,000 (A$124,960) in 2005, representing a 1,567% increase over 20 years.

    Tickets are also hot property. Premier League and World Championship sessions often sell out within minutes worldwide: the UK, Bahrain, New York and even Wollongong have become key stops in darts’ international calendar.

    The recipe for success

    Like Formula 1 and the UFC, darts benefits from being privately operated.

    Without the typical bureaucracy and conflicting interests seen in many traditional sport governing bodies, the PDC can respond more quickly to audience preferences and market opportunities.

    This streamlined, commercially driven approach has been key to darts’ growth.

    The sport has been expertly tailored to modern audiences.

    One of darts’ best-known selling points is the live event experience. The entertainment-first approach is known for loud music, the showmanship of player walk-ons, fancy dress from the crowd and yes, often plenty of alcohol.

    The lines are blurred between sport and party and fans love it.

    Culturally, darts is seen by many as fun, relatable, and rooted in working-class culture. After all, its heritage is in the pub.

    Darts is ideally suited to modern sport media consumption habits: PLD matches last only 20–30 minutes and the up-close TV product works perfectly for social media highlight clips.

    It is also one of the few sports where women compete directly against men.

    This adds another layer of interest for fans and has helped elevate stars such as Fallon Sherrock, who made headlines in 2019 by becoming the first woman to win a match at the PDC World Championship, eventually reaching the final 32.

    A prodigy emerges

    The so-called “Littler Effect” has given darts’ profile a significant boost.

    The emergence of talented teenager Luke Littler has broken new ground for the sport and drawn global interest.

    The English prodigy, who has quickly risen to fame, is by far the sport’s biggest star, but it would be unfair to say darts is a one-man band.

    Luke Humphries and Michael van Gerwen enjoy significant profiles while Phil Taylor is regarded as the sport’s greatest player. Australia’s Simon “The Wizard” Whitlock also forged a successful career.

    There is also colourful two-time world champion Peter Wright.

    Where to from here?

    The success of darts reveals much about modern sports audiences and their preferences.

    Darts does not rely on traditional ideas of athletic excellence, nor does it fit the Olympic ideal.

    Yet, darts is thriving while many traditional sports are stagnating.

    Darts’ success stems from remaining authentic to its working-class roots while evolving into an engaging commercial product suited for television, short-form content and digital media.

    For darts to fully achieve its global potential, the next step has to be continued international growth. Although it has grown steadily in markets like Australia and throughout Asia, the UK remains darts’ dominant base.

    As the global sports marketplace becomes more fragmented and competitive, darts is well positioned to continue growing.

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

    ref. From working class pubs to sold-out stadiums: how darts has become a major international sport – https://theconversation.com/from-working-class-pubs-to-sold-out-stadiums-how-darts-has-become-a-major-international-sport-254807

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Show us your daggiest: Seeking UniSA cups, caps and clothing from days gone by

    Source:

    29 May 2025

    A memory contributed to the Time Capsule by staff member Annabel, who had the opportunity to teach Jimmy Barnes the Vulcan Salute when he attended a graduation ceremony to receive an honorary doctorate, alongside fellow awardee George Takei – who portrayed the captain of the starship Enterprise in the original Star Trek TV series (left).

    The University of South Australia’s Time Capsule is a fascinating trip back in time, bursting with vintage, celebrity and quirky memorabilia recorded over more than 150 years, including through preceding institutions.

    The online collection already holds almost 400 visual mementos contributed by staff, students, alumni and community members. Yet there’s an element UniSA’s Acting Vice Chancellor Distinguished Professor Marnie Hughes-Warrington AO says is underrepresented – the unfashionable and outdated merchandise she knows is out there.

    “I’m challenging the community to dig deep in their bottom drawers and storage boxes, seek out those outdated mugs, shirts, and hats that I know are out there,” Prof Hughes-Warrington says.

    The UniSA Time Capsule is a work in progress – a collection of photos, videos and documents celebrating achievements, history and culture across the sweep of the University’s teaching, learning, research and community and campus activities. The goal is to capture special UniSA moments and personal reflections, preserving the University’s past before it joins with the University of Adelaide to begin its new chapter as Adelaide University.

    “UniSA has a long legacy,” Prof Hughes-Warrington explains. “Including our antecedent institutions, our history goes back to 1856.

    A makeup class for aspiring kindergarten teachers at a UniSA antecedent institution, circa 1960s

    “We created this project to help our community tell the UniSA story as it relates to them. This is not a formal history of the University nor a repository for formal University records, it’s a people’s history.”

    Prof Hughes-Warrington, a globally acknowledged philosopher and historian with many history publications to her credit, believes museums and history books have an important place in the world but making history accessible to people is what matters most.

    “Most people connect with history visually, including through photos, films or television. It was important to us to create an experience where people could make history with us, not by giving us their objects, but by sharing their images, videos or other documents, memories that are important to them.

    “History is all around us, it’s what we wear, it’s what we carry around. There is nothing too small that isn’t important in our own stories and the story of UniSA, so we’re absolutely delighted that our community is embracing this project and sharing their own pieces of history.

    “Research shows that if people feel they are part of creating history and are involved in that process, they are more likely to contribute, to go and look at it, and the result will be a richer, more authentic story.”   

    Students in a UniSA antecedent institution’s Aboriginal Task Force program, 1973

    Within the Time Capsule, Proppa Stories is capturing and sharing the unique history of Aboriginal and Torres Strait Islanders at UniSA.

    The UniSA Time Capsule will continue collecting pieces of the University’s history until the end of the year, with many nostalgic, hilarious and proud moments already captured. From the conferral of Nelson Mandela’s honorary doctorate to art classes in the 1800s and teaching Jimmy Barnes the Star Trek Vulcan salute, the rich tapestry of UniSA’s legacy is taking shape for all to enjoy.

    Visit the time capsule here to view or contribute your photo, video or scanned document: https://timecapsule.unisa.edu.au/  

    Media contact: Megan Andrews M: +61 434 819 275 E: megan.andrews@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News

  • MIL-OSI: Jena Acquisition Corporation II Announces Pricing of $200 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 28, 2025 (GLOBE NEWSWIRE) — Jena Acquisition Corporation II (“Jena II” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and trade under the ticker symbol “JENA.U” beginning May 29, 2025. Each unit consists of one Class A ordinary share and one right entitling the holder thereof to receive one-twentieth of one Class A ordinary share upon the consummation of an initial business combination. The Class A ordinary shares and rights comprising the units are expected to begin separate trading no later than the 52nd day following this date. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on the NYSE under the symbols “JENA” and “JENA.R,” respectively.

    Santander is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

    The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602.

    A registration statement relating to the securities became effective on May 28, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on May 30, 2025, subject to customary closing conditions.

    About Jena Acquisition Corporation II

    The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any business or industry, it intends to capitalize on the ability of its management team and initially focus its search on identifying a prospective target business that can benefit from its co-founder and Chairman William P. Foley, II’s and its co-founder and Chief Executive Officer Richard N. Massey’s historical areas of business expertise. W. Dabbs Cavin, Dexter Fowler and Tim Hsia will be serving as board members.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Contact:

    Richard N. Massey
    CEO
    jenaacquisition.com 

    The MIL Network

  • MIL-OSI Australia: Thermomix pays penalties for allegedly misleading customers over NDIS endorsement

    Source: Australian Ministers for Regional Development

    Vorwerk Australia Pty Ltd, trading as Thermomix in Australia, has paid $79,200 in penalties after the ACCC issued it with four infringement notices for allegedly making false or misleading representations to consumers online, suggesting two of its household appliances were endorsed by the National Disability Insurance Scheme (NDIS).

    In November 2024, the ACCC put businesses on notice of its focus on problematic advertising practices targeting NDIS participants. Since then, it has taken compliance and enforcement action against a number of businesses.

    The ACCC alleges that in November 2024 and March 2025, Thermomix made false or misleading representations on its website promoting the Thermomix TM6 cooking product and Kobold cordless vacuum and mop as being endorsed through the NDIS or registered by an entity administering the NDIS.

    This included allegedly describing the products as ‘NDIS approved’, ‘NDIS-registered product’, ‘NDIS-consumables’, ‘NDIS assistive technology’, and ‘NDIS equipment’.

    “The NDIS does not provide specific approval for any particular goods or services. Each NDIS participant has unique needs, and what’s funded under their plan is determined individually, not through a list of approved products. There are no categories of goods or services which are automatically NDIS approved or funded for all NDIS participants,” ACCC Chair Gina Cass-Gottlieb said.

    “Misleading consumers experiencing vulnerability or disadvantage is of concern to us, and we will not hesitate to take appropriate action.”

    The Australian Government’s NDIS (Fair Price and Australian Consumer Law) Taskforce is comprised of the ACCC, the NDIS Quality and Safeguards Commission and the NDIA. The taskforce was established in December 2023 to address potential breaches of Australian Consumer Law amid concerns that NDIS participants were being charged more for goods and services than other consumers.

    Any person who thinks a business has made false or misleading statements about products or services, including whether they are endorsed or approved by the NDIS, or who considers their consumer rights have not been met, can make a report to the ACCC.

    Further information for NDIS participants is available on the ACCC website.

    Note to editors

    The ACCC can issue an infringement notice when it has reasonable grounds to believe a person or business has contravened certain consumer protection provisions in the Australian Consumer Law.

    The payment of a penalty specified in an infringement notice is not an admission of a contravention of the Australian Consumer Law. The Australian Consumer Law sets the penalty amount.

    What false or misleading advertising about the NDIS might look like

    Examples of concerning advertising that may be false or misleading include:

    • The use of the words ‘NDIS approved’ as the NDIS does not have the function of approving or endorsing particular goods or services.
    • Advertising suggesting NDIS funds will cover “all inclusive” holidays, when general costs associated with holidays would not be covered by NDIS funding.
    • Meal delivery services suggesting the cost of meals is covered by the NDIS, when the NDIS does not cover food expenses.
    • Advertising that provides instructions on how to use NDIS funding codes to cover costs of recreational services that are not covered by the NDIS – for example, going to the movies or a theme park.
    • Advertising that suggests a business is affiliated or endorsed by the NDIS, by using NDIS in its business name or in the description of its services, for example ‘NDIS therapies’.

    Background

    Vorwerk Australia Pty Ltd is the sole Australian distributor of Thermomix products in Australia and the owner of TheMix Shop, an ecommerce store for Thermomix and Kobold products.

    In November 2024, Vorwerk International AG, the Germany-based manufacturer of Thermomix and Kobold appliances, completed an acquisition of The Mix Australia Pty Ltd, which held the sole official licence to distribute Thermomix appliances in Australia and operated the ecommerce store TheMix Shop. After the acquisition, The Mix Australia Pty Ltd was renamed as Vorwerk Australia Pty Ltd.

    In December 2024, the ACCC instituted proceedings against registered NDIS provider Ausnew Home Care Service Pty Ltd, for alleged false and misleading representations, including statements that certain products were ‘NDIS approved’ relating to aged care and disability products. The matter remains before the Court.

    Last week, Bedding retailer Bedshed paid $39,600 in penalties for allegedly making false and misleading representations that some of the products it sold were ‘NDIS approved’ and ‘NDIS permitted’.

    MIL OSI News

  • MIL-OSI Economics: The Right Fit: Galaxy S25 Edge, Designed to Fit Your Lifestyle

    Source: Samsung

    Galaxy S25 Edge was unveiled earlier this month — showcasing an incredibly light, durable, and powerful design, crafted to keep up with you. Now, Samsung is teaming up with Top Dawg Entertainment’s Doechii, to offer an inside look at how Galaxy S25 Edge can fit into your day.
    As a champion for those who don’t always conform to the status quo, Doechii exemplifies the same forward-looking spirit that Samsung is known for. The latest example, Galaxy S25 Edge, creates a unique experience for users while retaining the style, creative features, and powerful performance that users expect from the Galaxy S series.
    With ultra-light and thin Galaxy S25 Edge at your side — in your pocket, waistband, or wherever you want to carry it — you can always stay connected to what you need with a device that’s packed with features, and light on your fit. It effortlessly integrates into any dynamic lifestyle without compromising your look.

    Galaxy S25 Edge is crafted to be your companion all day and night. It’s packed with the powerful Galaxy AI experience that users rave about, in the lightest and thinnest form factor ever sported by a Galaxy S series device. It includes fan-favorite tools like Audio Eraser1 and Drawing Assist,2 along with the same ProVisual Engine optimized for the Galaxy S25 series. Users can combine these powerful tools with Galaxy S25 Edge’s 200MP camera, so you can capture your stylish fits or snap a picture of your favorite animal friend in breathtaking detail.
    Doechii is joined in the spots by her favorite alligator, Coconut, who was featured on the iconic cover to her award-winning hit mixtape, Alligator Bites Never Heal.

    “Music and fashion are some of my favorite creative outlets because they let me push boundaries and express myself in a way that feels authentic” said Doechii. “With this partnership, I want to encourage people to have fun, try something new, and know that the creative voice inside them is valid and something to lean into.”

    The spots also help set the stage for Samsung Galaxy’s VIP event at Edge NYC in Hudson Yards celebrating the launch of Galaxy S25 Edge. The event includes an exclusive private performance by Doechii. Fans can catch the livestream of her performance at Edge NYC here on May 30 at 8 p.m. ET.
    For more information on Galaxy S25 Edge, visit Samsung.com.

    MIL OSI Economics

  • MIL-OSI: Houston American Energy Corp. Announces 1-for-10 Reverse Stock Split

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, May 28, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) announced today that its Board of Directors approved a reverse stock split of the Company’s common stock at a ratio of 1-for-10. The reverse stock split is intended to increase the market price per share of the Company’s common stock and help the Company satisfy the initial listing requirements of the New York Stock Exchange American (the “NYSE”) in connection with the closing of HUSA’s previously announced acquisition of Abundia Global Impact Group, LLC (“AGIG”).

    On April 24, 2025, at the Company’s special meeting of stockholders, the Company’s stockholders approved a reverse stock split of the Company’s common stock at a ratio in the range of 1-for-5 to 1-for-60, with such ratio to be determined by the Company’s Board of Directors. The reverse stock split is expected to be effective after market close on June 6, 2025 (the “Effective Time”) and the Company’s common stock will begin trading on a split-adjusted basis on the NYSE at the market open on June 9, 2025.

    At the Effective Time, every 10 issued and outstanding shares of the Company’s common stock will be converted into one share of the Company’s common stock. Once effective, the reverse stock split will reduce the number of issued and outstanding shares of common stock from approximately 15,686,533 to approximately 1,568,653 shares.

    Each stockholder’s percentage ownership interest in the Company will remain unchanged as a result of the reverse stock split. No fractional shares shall be issued in connection with the reverse stock split, and any fractional shares resulting from the reverse stock split will be rounded up at the participant level with The Depository Trust Company. Each certificate that immediately prior to the Effective Time represented shares of common stock shall thereafter represent that number of shares of common stock into which the shares of common stock represented by the certificate shall have been combined, subject to the elimination of fractional share interests as described above. Holders of the Company’s common stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse stock split. Stockholders of record will be receiving information from Standard Registrar & Transfer Co., Inc., the Company’s transfer agent, regarding their stock ownership following the reverse stock split.

    The reverse stock split will not modify any rights or preferences of the Company’s common stock. The trading symbol for the Company’s common stock will remain “HUSA.” The new CUSIP number for the Company’s common stock following the reverse stock split will be 44183U 308.

    Additional information about the reverse stock split can be found in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (the “SEC”) on April 11, 2025, a copy of which is also available at www.sec.gov or at www.houstonamerican.com under the SEC Filings tab located in the Reports and Filings page.

    About HUSA

    HUSA is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Our principal properties, and operations, are in the U.S. Permian Basin. Additionally, we have properties in the Louisiana U.S. Gulf Coast region. For more information, please visit: https://houstonamerican.com/

    Important Information About the Proposed Acquisition and Where to Find It

    This press release relates to the previously announced proposed acquisition of Abundia Global Impact Group, LLC (“AGIG”), pursuant to the share exchange agreement, dated as of February 20, 2025, by and among HUSA and AGIG (the “Proposed Acquisition”). For additional information on the Proposed Acquisition, see HUSA’s Current Report on Form 8-K, filed on February 24, 2025, as well as the proxy statement dated April 11, 2025, that was delivered to HUSA’s stockholders as of the applicable record date established for voting on the Proposed Acquisition. HUSA also will file other documents regarding the Proposed Acquisition with the SEC.

    Investors and stockholders of HUSA are urged to carefully read the entire proxy statement and any other relevant documents filed with the SEC, as well as any amendments or supplements thereto, because they will contain important information about the Proposed Acquisition. The documents filed by HUSA with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, or by directing a request to HUSA at 801 Travis Street, Suite 1425, Houston, Texas 77002.

    Cautionary Note Regarding Forward-Looking Information:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of, and subject to the safe harbor created by, Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995, which are referred to as the “safe harbor provisions.” Statements contained or incorporated by reference in this press release that are not historical facts are forward-looking statements, including statements regarding HUSA’s or AGIG’s business and future financial and operating results, and other aspects of HUSA’s or AGIG’s operations or operating results. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “target,” “project,” and similar phrases that denote future expectations or intent regarding HUSA’s or AGIG’s financial results, operations, and other matters are intended to identify forward-looking statements that are intended to be covered by the safe harbor provisions. Investors are cautioned not to rely upon forward-looking statements as predictions of future events. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause future events to differ materially from the forward-looking statements in this press release including:

    • risks relating to fluctuations of the market value of common stock, including as a result of uncertainty as to the long-term value of the common stock of HUSA or as a result of broader stock market movements;
    • the occurrence of any event, change, or other circumstances that could give rise to the termination of the Share Exchange Agreement;
    • failure to attract, motivate and retain executives and other key employees;
    • disruptions in the business of HUSA or AGIG, which could have an adverse effect on their respective businesses and financial results;
    • the unaudited pro forma combined consolidated financial information in the proxy statement is presented for illustrative purposes only and may not be reflective of the operating results and financial condition of the combination of HUSA and AGIG; and
    • other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the proxy statement, as well as HUSA’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, and other documents filed by HUSA from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

    The forward-looking statements included in this press release are made only as of the date hereof. HUSA does not undertake to update, alter, or revise any forward-looking statements made in this report to reflect events or circumstances after the date of this report or to reflect new information or the occurrence of unanticipated events, except as required by law.

    For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of BioSig Technologies, Inc. (NASDAQ: BSGM)

    Source: GlobeNewswire (MIL-OSI)

    New York , May 28, 2025 (GLOBE NEWSWIRE) — NEW YORK, May 28, 2025 / GlobeNewswire/ —

    Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating BioSig Technologies, Inc. (NASDAQ: BSGM), relating to the proposed Merger with Streamex Exchange Corporation, pursuant to the Share Purchase Agreement, the Company, through ExchangeCo, will acquire all of the issued and outstanding shares of Streamex (the “Purchased Shares”) from the Shareholders.

    Click here for more info  https://monteverdelaw.com/case/biosig-technologies-inc/.  It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-Evening Report: Behind the wellness industry’s scented oils and soothing music are often underpaid, exploited workers

    Source: The Conversation (Au and NZ) – By Rawan Nimri, Lecturer in Tourism and Hospitality, Griffith University

    Prostock Studio/Shutterstock

    Wellness tourism is booming. Think yoga retreats in Bali, digital detox weekends in a rainforest, or a break on a luxury island to “find yourself”.

    It’s no longer just about taking selfies at the beach or in front of Instagrammable landmarks. Travellers today want to invest in activities aimed at improving their mental, spiritual and physical wellbeing. And, they’re willing to pay for these experiences.

    Global spending on wellness tourism is projected to hit US$8.5 trillion by 2027. Rather than being a passing fad, spending in this sector is forecast to nearly triple by 2035. This is big business.

    The Wellness Tourism Association says 90% of travellers report wellness activities are an essential part of their travel itineraries.

    Behind the luxe retreat

    But, while holidaymakers pursue their zen, the workforce is largely overlooked. The massage therapists, spa staff, yoga instructors and retreat hosts – often women, migrants and workers from the Global South – frequently experience substandard, undignified working conditions.

    Our new report, In Decent or Dirty Work?, examines an often overlooked part of the wellness industry. We propose a model to shift the industry from “dirty to decent” in line with the United Nations’ sustainable development goal eight supporting “decent work and economic growth”.

    The 17 sustainable development goals (SDGs) were adopted by all UN member states in 2015. They support ending poverty and other deprivations as part of improving health and education, reducing inequality and encouraging economic growth – while tackling climate change and protecting the environment. These goals are designed to help businesses and governments develop sustainable and inclusive economies.

    Progress towards decent work in wellness tourism is undermined by workers in some cases facing low pay, insecure employment and poor working conditions.

    Wellness is often viewed as feminised work, rather than skilled or professional. Workers are expected to be calm, warm and nurturing, as well as emotionally available while juggling demanding workloads and unpredictable hours.

    Weak regulation

    Gaps in standards and regulation leave workers vulnerable. For example, Massage and Myotherapy Australia has raised concerns about exploitative contracting and loose employment arrangements. Without regulated certification, enforcement of fair contracts, and professional recognition, many workers experience underemployment or unsafe conditions.

    Wellness workers are often underpaid and sometimes treated with disrespect by clients.
    Shellygraphy/Shutterstock

    Research shows workers at some spas even describe their roles as feeling uncomfortably close to sex work, especially in settings where the boundaries are blurred and expectations can cross a moral line.

    The case of the Melbourne business penalised for underpaying migrant workers and reports of Asian massage therapists being asked regularly for “happy endings” reflect the devaluation and gendered risks for this workforce.

    Sociologists call this “dirty work” – jobs that are not physically messy but carry an emotional or moral burden. And while these roles are pivotal to customers’ experiences, the people doing them are often invisible. This makes it even harder to push for better training or fairer conditions.

    Proposed changes

    To improve the wellness industry’s sustainability and fairness, our research proposes three key changes.

    On an individual level, workers need to be empowered. Workers who have a connection with their job will gain personal fulfilment from helping clients with their health and relaxation. Satisfied workers means happier customers and superior work quality.

    However, workers should also receive external support to help improve job satisfaction.

    For example, management regularly reinforcing the value of staff to a business can enhance a worker’s sense of dignity. Additionally, protecting workers from such threats as immoral requests by customers, is key to cultivating the sense of a safe and dignified workplace.

    At the macro-level, policies, social structures and public perceptions shape how wellness work is valued. Without professional accreditation or recognition, these jobs will remain undervalued. Broader changes, like government reforms and public campaigns, would lift professional recognition and support dignity.

    Employees’ working conditions should be examined. Decent work – as per the UN sustainable development goals – means providing fair pay, safe environments, recognition and genuine opportunities for employees to develop and thrive at work.

    Also, investing in better training and standards benefits everyone, whether workers, businesses or customers.

    As Andrew Gibson, co-founder of the Wellness Tourism Association, said: “I don’t think wellness is a fad, but rather it’s a change in society, and what society now expects”.

    Leonie Lockstone-Binney receives funding from the Australian Research Council.

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

    ref. Behind the wellness industry’s scented oils and soothing music are often underpaid, exploited workers – https://theconversation.com/behind-the-wellness-industrys-scented-oils-and-soothing-music-are-often-underpaid-exploited-workers-257455

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Tradesk Securities Accelerates Its Mission to Empower a New Generation of Investors

    Source: GlobeNewswire (MIL-OSI)

    Short Hills, NJ, May 28, 2025 (GLOBE NEWSWIRE) — Tradesk Securities, Inc., (“Tradesk” and/or “Tradesk Securities”) a modern trading platform and registered broker-dealer, today announced the next phase of its growth as it continues building the infrastructure and tools to empower a new generation of investors. With an expanding set of intelligent features and industry-grade capabilities, Tradesk is bridging the gap between everyday users and the financial strategies traditionally reserved for professionals. Learn more at www.tradesk.co.

    Amid growing interest in personal investing and increasing market complexity, Tradesk is gaining momentum by offering a simple, transparent platform that puts the power of investing into the hands of individuals, without jargon or intimidation. Tradesk offers a mobile-first investing experience designed to make building wealth simple.

    Building on its mission, Tradesk recently launched Recurring Investments, providing users with an easy way to automate their investing strategies and build themed portfolios consistently over time. Looking ahead, the company is preparing to introduce a suite of AI-powered investing features designed to deliver smarter insights and personalized portfolio guidance, designed to help users make more informed decisions in real time.

    Tradesk also continues to expand opportunities for new users, offering limited-time incentives for new account holders. Details are available at www.tradesk.co/newcustomer . In addition, to make advanced strategies more accessible, Tradesk is currently offering special incentives for options trading. Full details can be found at www.tradesk.co/optionspromotion. 

    “We founded Tradesk to break down the barriers that have historically excluded so many people from investing,” said Eric Chu, CEO of Tradesk Securities. “As volatility grows and investing becomes more complex, users need tools that are not only powerful — but also easy to use, educational, and aligned with their goals.”

    Since its launch, Tradesk has seen strong momentum, with a growing user base and an expanding feature set designed to support investors at every stage of their journey. With continued innovation and a focus on empowering users, Tradesk is setting the foundation for long-term impact in the financial services industry. As a registered U.S. broker-dealer, Tradesk brings institutional-grade infrastructure to the retail experience — and is laying the foundation to support broader industry partnerships, including fintech integrations and financial advisory/IPO tools.

    About Tradesk Securities
    Tradesk Securities is an innovative trading and investing platform designed to empower individuals to take control of their financial futures. User can create trading strategies with stocks, ETFs, options, and fractional shares. Built for long—term investors and active traders alike, Tradesk combines intuitive design, accessible education, and AI-driven insights to help users make smarter decisions, faster. With features like automated investing, recurring strategies, and clear, upfront pricing, Tradesk is making financial markets more transparent, inclusive, and actionable.

    Learn more at www.tradesk.co

    The MIL Network

  • MIL-OSI USA: SCHUMER REVEALS: AS SUMMER SEASON KICKS OFF, TRUMP’S TARIFF WAR SLAMS UPSTATE NY – CANADIAN BORDER CROSSINGS PLUNGE NEARLY 290,000 & PLUMMET A WHOPPING 22% ACROSS ALL NY PORTS OF ENTRY LAST MONTH -…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    New Data Shows Border Crossings Across Upstate NY Are Nose-Diving As Trump’s Tariffs And Ludicrous Comments On Annexing Canada Drive Away Tourists, Putting Billions For NY’s Main Streets At Risk, Jeopardizing Jobs, & Restricting The Summer Tourism Economy

    Schumer Says NY House Republicans Must Stand Up For Upstate NY And The Main Street Hotels, Restaurants & Shops Across NY That Rely On Canadian Tourists And Are Seeing Major Hits To Their Bottom Lines – The House Needs To Act On The Senate-Passed Bill To End Tariff War With Canada

    Schumer: Trump Tariff War & Destructive Comments Are Burning Bridges With Canada, And Blowing A Massive Hole In Upstate NY’s Tourism Economy

    With summer tourism season kicking off and Canadians canceling trips to the United States at record rates because of Trump’s mistreatment of our closest ally and trading partner, U.S. Senator Chuck Schumer today revealed new data on how Trump’s reckless tariff war is causing border crossings to plummet across all major land ports of entry in Upstate New York. According to Customs & Border Patrol (CBP), almost 290,000 fewer travelers crossed the Upstate New York-Canadian border last month than over the same period in 2024, a whopping 22% decrease.

    “Burning bridges and ruining relationships with our closest ally and key trading partner, Canada, right when summer tourism season is arriving, is about as destructive as it gets. Upstate NY is on the frontlines of Trump’s destructive tariff war, and this shocking new data shows our tourism economy is paying the price from Buffalo to Ogdensburg,” said Leader Schumer. “Instead of lowering costs, Trump’s tariffs are raising prices for families and driving away tourists who spend billions in our shops, hotels, restaurants, and support thousands of NY jobs. If this trend of depressed tourism continues, this could be a summer in Upstate NY that no small business wants to remember.”

    According to new data from CBP, Upstate NY & Canada saw approximately 1,017,500 border crossings in April, compared to 1,307,381 during the same month in 2024, a nearly 22% decrease across road and bridge crossings frequented by tourists.  A breakdown bridge-by-bridge from the Bridge and Tunnel Operators Association shows just how steeply tourism is declining across all the major land ports of entry between Upstate NY and Canada:

    NY-Canada Bridge

    Region

    April 2024 Auto Crossings

    April 2025 Auto Crossings

    Percentage Decline

    Peace Bridge

    Western NY

    366,159

    309,317

    15.52%

    Rainbow Bridge

    Western NY

    174,395

    119,265

    31.61%

    Lewiston-Queenstown Bridge

    Western NY

    239,645

    204,222

    14.78%

    Whirlpool Rapids Bridge

    Western NY

    32,211

    25,377

    21.22%

    Ogdensburg-Prescott International Bridge

    North Country

    43,945

    31,857

    27.51%

    Thousand Islands Bridge

    North Country

    147,814

    117,953

    20.20%

    Seaway Bridge

    North Country

    209,524

    205,518

    1.91%

    Schumer said this steep drop is alarming and called on NY House Republicans to stand up for their constituents and Main Street small businesses – like hotels, restaurants and shops – and take up the resolution which has already passed the Senate to end this reckless, ill-conceived and harmful trade war with Canada.

    Schumer added, “This should be a bright red alarm for NY House Republicans who have stayed silent as Trump’s reckless trade war has wreaked havoc in their districts. To add insult to injury, he makes absurd declarations on annexing our neighbors to the north, which only depresses travel to the U.S. and the purchase of American products. NY House Republicans need to stand up for Upstate NY and should take up the bill which has already passed the Senate to end this reckless trade war with Canada and restore our cherished, friendly and economically dynamic relationship with our next-door neighbor.”

    Across Upstate NY, businesses are already seeing the impacts of fewer Canadian tourists and are worried that it will get worse, and Upstate New York would feel the impact of this decline first and harder than nearly anywhere else in the country. In Western New York, Canadian tourism is nearly 40% of the overall tourism economy in Buffalo. In Central New York, Visit Syracuse says web traffic from Canadians is down by half this year creating major worry for the summer season, approximately 15% of tourism dollars spent in the Syracuse area come from Canadian visitors.

    According to a recent North Country Chamber of Commerce survey, 66% of businesses are already experiencing a dip in Canadian bookings. Canada is the top source of international visitors to the U.S., with 20.4 million visits in 2024, generating $20.5 billion in spending and supporting 140,000 American jobs. Schumer said if there were even a 10% reduction in Canadian travel, it could mean as much as $2 billion in lost spending and 14,000 job losses across America.

    “The Peace Bridge, as a self-funded agency, is reliant on tolls generated by cross border traffic to provide service to the travelling public. We were just beginning to approach normal traffic volumes following the border restrictions imposed during the Covid-19 Pandemic,” said Ron Rienas, Chief Executive Officer of the Peace Bridge Authority. “The decline of car and truck traffic directly impacts our bottom line and that of every international crossing and hampers the ability to make investments to facilitate  the safe and efficient movement of people and commerce.”

    “As Town Supervisor of Plattsburgh, and through ongoing discussions with leaders from other border communities on both sides, I have witnessed firsthand the devastating impact tariffs are having on our region. The sharp decline in Canadian visitors is hurting families, small businesses, hotels, marinas, golf courses, restaurants, and workers who depend on cross-border tourism to make a living. Beyond the economic toll, these tariffs are eroding the cultural ties that have connected our communities for generations,” said Michael S. Cashman, Plattsburgh Town Supervisor. “This isn’t about politics it’s about real people and the survival of our border region. The harmful rhetoric labeling Canada as a ‘51st state’ only deepens divisions. Canada is our oldest ally and closest friend, and our economies and cultures have long been intertwined for the benefit of us all.”

    Since taking office in January, Trump has damaged the United States’ relationship with Canada by threatening to annex Canada and levying 25% tariffs on Canadian goods. Schumer said this new data on major reductions in bridge crossings shows Trump’s threats to annex Canada and tariff Canadian goods are directly impacting commerce between the two countries, including Canadian tourism across New York State.

    Schumer said he is fighting to end this unnecessary, damaging trade war with Canada and protect tourism, small businesses, and local jobs. Earlier this year, the Senate passed a bipartisan resolution to end tariffs on Canada, and Schumer said this new shocking data shows the urgency for House Republicans to take up and pass it as well. Senate Democrats are also pushing for tariff exemptions for small businesses and putting an end to Trump’s across-the-board tariffs. Schumer said ending this costly trade war is key to protecting American families from price increases and job losses as a result of tariffs on Canada.

    “I am all for addressing trade imbalances, especially with adversaries like China, but these sweeping, ill-conceived tariffs are creating chaos and undermining those goals. Rather than uniting the world against China, Trump has united our allies like Canada against us. The Senate passed a resolution to end this disastrous trade war with Canada, and now it’s time for the House to follow. We need everyone, especially NY House Republicans, to stand up against Trump’s senseless, job-killing trade war that is hurting our tourism industry, New York’s Main Streets, and New Yorkers’ jobs,” concluded Schumer.

    MIL OSI USA News

  • MIL-OSI Europe: Highlights – Vote on ‘Financial activities of the European Investment Bank – annual report 2024’ – Committee on Economic and Monetary Affairs

    Source: European Parliament

    On 4 June 2025 at 14.45, ECON Members will vote on the ‘Financial activities of the European Investment Bank – annual report 2024’. The draft report welcomes the strategic priorities of the European Investment Bank (EIB) for 2024-2027 and includes a strong call for the EIB to play an even bigger role in addressing Europe’s investment needs and funding common EU priorities. It also reiterates the Parliament’s call for an interinstitutional agreement between the Parliament and the EIB.

    As usual, the BUDG and ECON Committees alternate in preparing an own-initiative annual report on the EIB and this year it is ECON’s turn. Members tabled 317 amendments to the draft report by the Rapporteur, Francisco Assis, who then tabled five compromise amendments that deal with a wide range of topics. These include: closing the investment gap and fostering competitiveness; consolidating the EIB’s role as EU’s climate bank; financing peace, security and defence; addressing challenges in social infrastructure, cohesion policy and housing; promoting digital transformation and new technologies; EIB neighbourhood and Global Gateway; governance: accountability and transparency. The plenary vote is planned for the July 2025 part-session.

    Rapporteur: Francisco ASSIS (S&D) Shadows: Kinga KOLLÁR (EPP), Jaroslava POKORNÁ JERMANOVÁ (PfE), Johan VAN OVERTVELDT (ECR), Ľudovít ÓDOR (Renew), Damian BOESELAGER (Greens/EFA), Marc BOTENGA (The Left)

    MIL OSI Europe News