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Category: Entertainment

  • MIL-OSI Economics: Announcing the 2025 Imagine Cup Semifinalists

    Source: Microsoft

    Headline: Announcing the 2025 Imagine Cup Semifinalists

    We’re excited to announce the next phase of the 2025 Imagine Cup – meet the startups who were selected to advance to the Semifinals! These student founders are the future, and their innovative ideas are sure to capture your interest and perhaps spark your own new idea.

    The semifinalists will receive advice and guidance through personalized mentorship and additional benefits within Microsoft for Startups Founders Hub to help further develop their idea and solution as they prepare for the next round of the competition. A panel of judges (including AI experts, startup founders, and venture capitalists – meet them here!) will select the top three startups. These startups will advance to World Championship, competing for the ultimate prize of $100,000 USD1 and a mentorship session with Microsoft Chairman and CEO, Satya Nadella! The two runners-up will each receive $25,000 USD1.

    Inspired by the ideas below? Apply to Microsoft for Startups Founders Hub to begin launching your own startup today. Access free industry-leading AI, credits with fewer restrictions, and tools to scale quickly.

    Congratulations to the semifinalists! (listed in alphabetical order):

    ADA.AI, Indonesia

    ADA.AI is an accessible AI-driven job-matching platform that empowers job seekers with disabilities through inclusive hiring and career tools like CV Maker and Career Tree. It addresses corporate social responsibility (CSR) goals for human resources, ensuring seamless and equitable opportunities for all.


    Argus, United States

    Argus is a two-part device that empowers independence for visually impaired individuals by responding to questions about the world around them, aiding with tasks like object identification, facial recognition, and navigation.


    BaharMar, United States

    BaharMar automates the sorting and inspection of juvenile fish in hatcheries and RAS farms using AI-powered computer vision and synchronized hardware. Achieving over 90% accuracy, it reduces labor demands, improves fish health, and enhances profitability. Focused on sustainability, it helps farms scale operations to meet rising global seafood demand.


    Cognify, United Arab Emirates

    Cognify is an AI study app that helps students with ADHD study effectively by generating concise and interactive lessons from their own study materials. It uses eye-tracking technology to alert them when they get distracted.


    DaNang Speech, Vietnam

    DaNang Speech provides a comprehensive Vietnamese language dictionary equipped with advanced mispronunciation detection capabilities. By leveraging speech recognition and artificial intelligence technologies, it offers seamless API integration to facilitate pronunciation improvement for children, students, and foreign language learners.


    FuiZion KrEw, United Arab Emirates

    FuiZion KrEw’s product Lexy is an AI-powered reading assistant that makes text accessible for people with dyslexia through personalized content adaptation, smart remixing, and real-time feedback.


    HairMatch, United States

    HairMatch is an AI-powered hair analysis app for finding natural haircare products, personalizing hair care. It allows women to scan their curly hair and receive product recommendations.


    Handify.AI, France

    Handify is an AI-powered robotic assistant for disabled individuals and the elderly. It combines a voice-controlled arm and advanced Large Language Model (LLM) to perform tasks, offer real-time analysis, and enhance independence—all at an affordable price.


    Intratalent, United States

    Intratalent is an AI-powered resume screener by analyzing resumes, GitHub, and research papers. It integrates with existing application tracking systems, ranks top candidates, and reduces time-to-screen by 10x for medium-to-large enterprises, offering deeper contextual matching and transparent rationale for every recommendation.


    Koel Labs, United States

    Koel Labs provides personalized, actionable, real-time pronunciation feedback through entertaining movie-clips and television shows for the 50% of foreign speakers struggling with their accent every day.


    MariTest, United Kingdom

    MariTest is an AI-powered, non-invasive malaria diagnostic device. It detects malaria using a paramagnetic signature, making it portable and user-friendly. The device provides real-time diagnosis and data transfer without needing blood samples, labs, or skilled healthcare workers, ideal for remote areas.


    MediSmart, Saudi Arabia

    MediSmart is a medication reminder application utilizing AI technology. Its goal is to enhance medication adherence through personalized reminders and integrated user support, improving health outcomes and reducing medical costs.


    Omniglot, Vietnam

    Omniglot is an AI-powered translation tool designed to deliver a seamless and efficient workflow. It combining user-adapted style, cloud-based convenience, and Azure AI-backed privacy, specifically tailored for freelance translators and independent publishers.


    RSL, Saudi Arabia

    RSL is an AI-powered autism screening system using a social robot that engages children with gamified activities while analyzing speech, behavior, and emotions. It provides accurate diagnostics, improving accessibility and efficiency for therapists.


    Sabana, United States

    Sabana is an AI-driven data management platform designed to simplify how architects and engineers manage, document, and collaborate on product selections and construction specifications.


    Signvrse, Rwanda

    Signvrse is an AI-powered platform bridging communication gaps between the Deaf and hearing communities. Its tool, Terp, uses lifelike avatars to translate spoken languages into sign language, fostering inclusivity and accessibility on a global scale.


    Smart Grade AI, Pakistan

    Smart Grade AI automates manual grading with AI-driven essay evaluation, providing instant feedback and analytics to save educators time and improve student outcomes.


    ToolDetective, Brazil

    ToolDetective provides predictive maintenance for the manufacturing industry by checking metal cutting tool wear during each cycle of machining. It using computer vision based on deep learning algorithms to segment the wear on the image and increase the tool’s lifetime.


    Verse, United States

    Verse uses AI to provide assignable, voice-based conversations that encourage critical thinking and active learning. It supports over 50 languages and helps prevent plagiarism and AI misuse. Ideal for educators, Verse offers real-time, interactive assignments that promote deeper thinking and accommodate diverse learning styles.

    Stay tuned and follow us on X, Instagram, LinkedIn, and Facebook for exciting announcements and the latest updates.

    1Open only to enrolled high-school or college/university students 18+. For additional eligibility criteria, round start/end dates, and detailed instructions on how to participate, see the Imagine Cup Official Rules and Regulations.

    MIL OSI Economics –

    February 21, 2025
  • MIL-Evening Report: From satire to serious journalism – how The New Yorker has shaped a century of thought

    Source: The Conversation (Au and NZ) – By Emily Baulch, Research Assistant, Discipline of Media and Communications, University of Sydney

    Australian subscribers to the print edition of The New Yorker will know the feeling: it arrives once a week, or sometimes, as buses do, in pairs.

    You may briefly regret the environmental impact of all that paper, but once it’s unwrapped it’s a source of anticipation. You check out the cover, read Shouts and Murmurs, and flip through the cartoons.

    You might even tackle the book reviews or dive into an article. But most of all, you inhale the history of a century of brilliantly edited and stainlessly written essays.

    The New Yorker will publish four issues to mark its centenary, including this one featuring the magazine’s mascot, Eustace Tilley.
    The New Yorker

    100 years, thousands of issues, countless stories

    The New Yorker has evolved alongside a century of monumental change. From the roaring 20s to the age unfolding, it has been a steadfast investigator of history, covering wars, political upheavals, cultural shifts and social revolutions.

    The magazine has published some of the most influential writers of the 20th and 21st centuries, including Truman Capote, Ernest Hemingway, Jamaica Kincaid, Fiona McFarlane and Hiromi Kawakami – offering a platform for literary giants and fresh voices alike.

    It has also fostered the growth of renowned editors such as William Shawn, Robert Gottlieb and Tina Brown, all of whom helped shape it into an institution.

    Antiguan-American novelist Jamaica Kincaid has written dozens of New Yorker articles over the decades.
    Wikimedia

    When The New Yorker was founded in 1925 by Harold Ross, it was a lighthearted, satirical magazine designed for the city’s social elite. Early issues leaned into what articles editor Susan Morrison called a “fizziness and café society […] vibe.”

    Originally focused on humour and satire, the magazine gradually developed into a serious publication known for long-form journalism, in-depth political analysis and high-calibre fiction.

    World War II marked a turning point. The war demanded serious, in-depth reporting, and The New Yorker rose to the challenge.

    As Morrison observes:

    It was the war which really helped The New Yorker find its feet in terms of important non-fiction reporting […] with many more substantial writers on staff able to cover subjects at length and in detail and with authority.

    The shift towards serious investigative journalism was evident in the groundbreaking 1946 publication of John Hersey’s Hiroshima, which took up an entire issue. The approach of dedicating extensive space to a single subject was repeated at key historical moments, such as the death of Princess Diana and the September 11 attacks on the World Trade Center.

    A special issue was released on September 15 1997 to memorialise Princess Diana.
    The New Yorker

    Compelling readers to slow down and engage

    With some 47 issues delivered annually, The New Yorker demands readers carve out time to engage deeply with a range of hard-hitting topics. Its style of slow investigative journalism can’t be consumed in a few seconds while scrolling through social media.

    Alongside its seriousness, it retains some of its effervescence through comics and extraordinary breadth, drawing readers into unexpected topics – neuroscience, fountains, squirrels – through meticulously crafted narratives.

    The magazine continues in this dual function tradition, reflecting the nuance of the wider world within its covers. The tension between the immense depth and breadth of content and the finite time of readers adds to its allure. It’s a challenge for those willing to invest the time to peruse and digest its pages.

    David Remnick, editor since 1998, has guided the magazine with a vision that blends tradition and innovation. In his own words, the goal is to

    persist in our commitment to the joys of what Ross first envisaged as a comic weekly. But we are particularly committed to the far richer publication that emerged over time: a journal of record and imagination, reportage and poetry, words and art, commentary on the moment and reflections on the age.

    The elegant trappings of a storied past

    While the approach to content has evolved, some aspects of The New Yorker have remained consistent. Its visual identity, for instance, has been remarkably stable: famously done in an illustrative style, and unadorned by headlines or teasers.

    The vintage aesthetic of the illustrative covers traces its origins back to 1925. The magazine employs a mix of in-house artists and freelance illustrators, with a history of collaboration with notable artists including Saul Steinberg and Art Spiegelman.

    Over time, the cover art has maintained a focus on bold, thought-provoking imagery that addresses timely issues. Many covers have become cultural history, such as the black-on-black 9/11 cover.

    Today, the New Yorker’s pared-back style conveys a quiet authority. It’s not swayed by fleeting trends, but remains steadfast in its dedication to art and culture, and its origins.

    More than a magazine

    Subscribing to The New Yorker isn’t just a matter of interest; it’s an act of intellectual self-definition. Our media choices are powerful tools in our process of self-creation.

    Popular cultural and media theorists, such as John Fiske and John Hartley, to name a few, have explored how media shapes and reflects our sense of self.

    The New Yorker has built an enviable devotion among its readers. Their homes are filled with stacks of old issues, unopened, standing as testament to their ongoing relationship with the publication.

    To subscribe to the magazine is to participate in a cultural shorthand – an aspiration toward intellectual engagement.
    Shutterstock

    Owning the magazine also signals an affiliation with a specific reading class, regardless of whether the content is ever read. The very act of displaying The New Yorker fashions an image of sophistication, intellectualism and cultural awareness.

    But the stacks come with a distinct kind of guilt, too. What does it say about you that you haven’t made time to stay up to date with one of the world’s most famous outlets for investigative journalism and cutting-edge fiction?

    This tension speaks to the dual nature of The New Yorker experience: holding onto a subscription signals a commitment to personal growth, yet unread magazines reflect the complexity of modern life – where time for deep, reflective reading competes with daily obligations and the instant gratification offered by digital media.

    The New Yorker’s significance isn’t just about the quality of its investigative journalism or the breadth of its storytelling; it’s about identity. To subscribe is to participate in a cultural shorthand – an aspiration toward intellectual engagement.

    And who knows, if you hold onto your copies long enough, perhaps they’ll become valuable relics commanding prices in the thousands, much like the first issue does today.

    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 satire to serious journalism – how The New Yorker has shaped a century of thought – https://theconversation.com/from-satire-to-serious-journalism-how-the-new-yorker-has-shaped-a-century-of-thought-249376

    MIL OSI Analysis – EveningReport.nz –

    February 21, 2025
  • MIL-OSI USA: Durbin, Marshall Introduce Protecting Patients From Deceptive Drug Ads Act

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 20, 2025

    With the rise in social media & telehealth, this bipartisan legislation would address false & misleading prescription drug promotions

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Senator Roger Marshall, M.D. (R-KS) today introduced the Protecting Patients from Deceptive Drug Ads Act, bipartisan legislation that would protect public health and close regulatory loopholes by having the Food and Drug Administration (FDA) address false and misleading prescription drug promotions by social media influencers and telehealth companies. 

    The prevalence of online promotions and direct-to-consumer advertisements for prescription drugs—such as weight loss, gastrointestinal, or psychiatric medications—has drastically increased in recent years, notably through influencers and telehealth companies—most recently during the Super Bowl—and on social media platforms such as TikTok and Instagram. FDA oversees manufacturer-sponsored prescription drug advertisements by ensuring that promotions by manufacturers are accurate, risks and benefits are disclosed, and information on the FDA-approved label is shared. However, there is generally a gap in FDA’s oversight when it comes to many advertisements by influencers and telehealth companies. Too many of these promotions provide false information, omit key side effects, or fuel demand for medications that may not be appropriate for a patient. 

    “The power of social media and the deluge of false and misleading promotions has led to too many young people being exposed to inaccurate and harmful advice that promises quick fixes from certain medications,” said Durbin. “Consumers are at risk of severe and long-lasting side effects when an influencer or telehealth company is profiting off deceptive medical content. Our bipartisan legislation would close FDA loopholes to protect patients from prescription drug advertisements lacking basic safety and accuracy information.”

    “With the skyrocketing trend of TV ads and social media influencers promoting new medications, this legislation will ensure that advertising regulations and disclosure standards are applied uniformly and consistently,” said Marshall.

    The Protecting Patients from Deceptive Drug Ads Act would address false and misleading prescription drug promotions by having FDA issue warning letters, followed by fines for noncompliance, to influencers and telehealth companies that engage in communications that accrue a financial benefit to the speaker and contain false or inaccurate statements, omit labeling or other key facts regarding a medication, or fail to include traditional risk and side effect disclosures. The legislation includes commonsense exemptions to limit the scope of the legislation to flagrantly deceptive commercial speech.

    Additionally, the legislation would require pharmaceutical manufacturers to report payments to influencers to the Open Payments database—similar to the existing disclosure of payments to physicians and other health providers—to shine light on promotional activities, including through celebrities. The legislation would enhance FDA’s visibility of social media promotions by utilizing new analytical tools, enhancing public education, coordinating with the Federal Trade Commission (FTC), and establishing a process to notify drug manufacturers of violative content.   

    The Protecting Patients from Deceptive Drug Ads Act is endorsed by Generation Patient, American Academy of Pediatrics, American College of Physicians, American Academy of Child and Adolescent Psychiatrists, Doctors for America, Public Citizen, Public Interest Research Group, Light Collective, Young People’s Alliance, and Connecting to Cure Crohn’s and Colitis.

    Earlier this month, Durbin and Marshall sent a bipartisan letter to FDA to draw the agency’s attention to an a pharmaceutical advertisement that aired during the Super Bowl to more than 120 million Americans, which misled patients by omitting any safety or side effect information when promoting a specific type of weight loss medication.

    -30-

    MIL OSI USA News –

    February 21, 2025
  • MIL-OSI USA: S. 195, American Music Tourism Act of 2025

    Source: US Congressional Budget Office

    S. 195, American Music Tourism Act of 2025, would require the Assistant Secretary of Commerce for Travel and Tourism to promote music tourism in the United States and periodically report to the Congress. In 2024, the Assistant Secretary received $3.5 million to carry out the requirements of the Visit America Act, a 2022 law to promote travel and tourism in the United States.

    MIL OSI USA News –

    February 21, 2025
  • MIL-OSI Global: Syria: doubts increase over new regime’s commitment to women’s rights and inclusivity

    Source: The Conversation – UK – By Katya Alkhateeb, Senior Researcher in International Human Rights Law & Humanitarian Law at Essex Law School and Human Rights Centre, University of Essex

    The capture of Damascus by Hayat Tahrir al-Sham (HTS) and the collapse of the regime of Bashar al-Assad last December sent shockwaves through Syria’s political landscape, heralding an unprecedented shift in power. The rise to power of HTS, formerly the Al-Nusra Front, is a litmus test for assessing whether militant Islamist organisations can evolve through state-building.

    At the heart of transforming Syria must be the development and safeguarding of women’s rights. This will prove a revealing lens through which to measure the sincerity of HTS’s professed reforms.

    But so far a stark disparity has emerged between their rhetoric of inclusivity and reality. This appears to involve perpetuating entrenched institutional practices of patriarchal conservatism.

    After seizing Damascus, HTS leader Ahmed al-Sharaa took pains to project an image of inclusive governance. He claimed: “Syria is a nation of many identities and beliefs, and our duty is to ensure they coexist peacefully within a just system.” He highlighted that 60% of university students in the city of Idlib are women, and portrayed HTS as a moderate force that values women’s roles in society.

    Yet interviews with senior regime figures as well as policy decisions and governance practices expose these statements as hollow. Instead they suggest a deep-seated commitment to hardline religious conservatism.

    The new administration’s official spokesperson, Obaida Arnaout, said recently that appointing a woman to a role in the ministry of defence would not “align with her essence, her biological and psychological nature”. This was framed as acknowledging women’s suitability for other roles, but it ultimately reflects a deeply conservative, patriarchal attitude.

    Likewise, the appointment of Aisha al-Dibs to lead the office for women’s affairs initially appeared to signal progress. But her first few statements suggested a regressive agenda.

    Blaming civil society organisations for “rising divorce rates”, she vowed that “the constitution will be based on Islamic Sharia”. She added that she would “not allow space for those who disagree with my ideology”.

    Al-Dibs’s vision of empowerment appears to be rigidly conservative. It effectively reduces women’s roles to family, husband and domestic priorities.

    These two examples highlight in HTS what appears to be a strategy of commandeering state institutions to enforce a radicalised version of Islam, a key trait of political Jihadism.

    The new HTS-backed justice minister, Shadi al-Waisi epitomises this trend. In 2015, as a judge in the northern city of Idlib – at the time under the control of the Al-Nusra Front – he was recorded on video ordering women to be executed for adultery. An HTS representative has since dismissed this as “a phase we have surpassed”. But Al-Waisi still argues that since most people in Syria are Muslim, religious Sharia law should take priority.

    As far as women’s role in the judiciary is concerned, a statement from Arnaout casts doubt on whether they will be allowed to continue to act as judges, a hard-won right under the Assad regime. In 2017, 30% of judicial posts were occupied by women.

    But in an interview with Lebanese TV channel Al-Jadeed in December 2024, Arnaout said: “Certainly, women have the right to learn and be educated in any field, whether in education, law, the judiciary, or other fields, but the job has to suit her nature.” She added: “For a woman to assume a judicial position, this could be examined by experts, and it is too early to talk about it.”

    Education policy has also become a key battleground. The new administration has introduced sweeping reforms. These include dropping evolution and big bang theory from science and changing the history curriculum to reflect a more Islamic slant.

    Education minister, Nazir Al-Qadri, has downplayed these revisions as “small deletions and corrections”. But the changes reveal a deliberate effort to embed conservative radical Salafi ideology.

    Beyond the classroom, HTS’s hardline policies pervade public life. Women are segregated on buses, strict dress codes are heavily propagated. Meanwhile building new mosques is taking precedence over rebuilding war-torn infrastructure.

    HTS’s unwillingness to embrace genuine pluralism suggest the regime is more interested in rebranding its ideology than in reforming it.

    Diplomatic promises and realities on the ground

    While determining how to engage with the HTS regime, other countries need to be aware of this. They must act in the knowledge that rhetoric of inclusivity appears – at present at least – to be simply that: rhetoric. Firm pressure from international stakeholders such as the United Nations will be needed to hold HTS accountable to a transition to a fully inclusive new system of government.

    A conference held in Paris on February 13 and attended by representatives of a broad range of Arab and European countries underscored the international commitment to this principle. Delegates produced a joint statement that called for: “A peaceful, credible, orderly and swift inclusive transition … so that a representative and inclusive governance that represents all components of Syrian society and includes women from the onset can be formed.”

    The explicit mention of women and inclusive representation in this statement stands in stark contrast to the reality of the transitional process. Just a day earlier, on February 12, the appointed preparatory committee for the upcoming National Dialogue Conference, which will thrash out a new “political identity” for Syria, revealed the limitations of this commitment.

    While the seven-member committee includes two women, five members have strong ties to Islamist movements and three of the seven are directly linked to HTS.

    The committee’s composition notably fails to represent Syria’s diverse ethnic and religious communities, with no Kurdish, Alawite, or Druze representatives. This raises questions about the genuine commitment to inclusive governance in the transition process.

    The contradiction between HTS rhetoric and its actions on diversity and inclusivity, especially when it comes to respecting women’s rights, is not just a domestic issue but a critical test of its global standing.

    The new regime’s treatment of women and its enforcement of conservative ideology in violation of legal and human rights expose its broader intentions. Failing to address these signs risks condemning Syria to a repressive future.

    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. Syria: doubts increase over new regime’s commitment to women’s rights and inclusivity – https://theconversation.com/syria-doubts-increase-over-new-regimes-commitment-to-womens-rights-and-inclusivity-249305

    MIL OSI – Global Reports –

    February 21, 2025
  • MIL-OSI Global: German election: why most political parties aren’t talking about the climate crisis

    Source: The Conversation – UK – By Vera Trappmann, Professor in Comparative Employment Relations, University of Leeds

    MDV Edwards/Shutterstock

    After months of wrangling over public debt and spending decisions, the German government collapsed in November 2024. Among the many disagreements between the parties which made up the governing coalition was how to pay for measures to combat climate change.

    Seeking to take advantage of disillusioned voters (who in recent years showed record support for the Greens), populist parties have since cast doubt on the idea of tackling environmental issues at all.

    Alternative für Deutschland (AfD), for example, the rightwing party which denies the existence of man-made climate change, has raised concerns about energy security and the economic cost of green alternatives.

    If the AfD’s broader aim was to take green issues off the political agenda, the plan appears to be working. In the run-up to the general election on February 23 2025, migration and the economy are the most important issues for voters (each on 34%), with climate change lagging far behind (13%).

    Nor has the environment been a priority in the parties’ election campaigns. In the first TV debate between the chancellor, the social democrat Olaf Scholz, and his most likely successor, the conservative Friedrich Merz, the topic was ignored almost entirely. A lack of political will and fear of losing voters appear to have relegated environmental policies to the sidelines.

    Others want it back at the top of the agenda. Germany’s foreign intelligence service, for example, describes the climate crisis as one of the major risks facing the country, alongside terrorism and war.

    Business associations have urged the next government to address climate change mitigation for the sake of German jobs. The Federation of German Industries has demanded an increase in public spending on climate change of as much as €70 billion (£58 billion). Younger voters have called for a nationwide protest to bring the subject back into politicians’ minds.

    So have German voters really become sceptical about dealing with climate change?
    In a recent study, we found that people who planned to vote for the AfD and the leftwing populist BSW party are indeed sceptical of the need for far-reaching climate policies.

    Among voters of these two parties, only 23% (AfD) and 41% (BSW) think that an energy transition is necessary to achieve national climate goals. For Green party voters that figure is 93%, and for SDP supporters it’s 83%.

    Voters across the political spectrum have different priorities when it comes to energy supply. For populist party supporters, energy costs trump everything, with only 12% of AfD and 20% of BSW voters considering low emissions important.

    These voters are also less likely to assume the energy transition would have positive effects on jobs, and are more likely to fear rising energy costs and security of supply. In short, they are afraid of the social and economic consequences of the energy transition. It is this fear that the far right appears to have been able to mobilise.

    Climate costs

    Our results are backed up by other research which shows that poorer voters are concerned about the potential costs associated with net zero ambitions.

    There is also uncertainty about the possible effects on employment. Many people in Germany believe there will be job losses in their local community as a result of the transition to green energy, and 25% worry they will lose their job.

    Climate change protest in Berlin in 2024.
    D Busquets/Shutterstock

    While these results may seem gloomy, we also found majority support – even among AfD voters – for climate change policies where communities benefit financially from local renewable energy projects, and where citizens feel they have more of a voice in how the energy transition comes into effect.

    People want to be heard and participate in a potential transformation. Previous research in psychology has shown that participating in processes and a perception of fairness can increase acceptance.

    Research also shows that people fear the effects of climate policies on their personal finances, and that these perceived costs inhibit environmentally friendly behaviour.

    But the climate crisis won’t go away, no matter who governs Germany in the coming years. More “once-in-a-century” floods and droughts will hit the nation and bring the climate crisis back to the top of the political agenda.

    When this happens, politicians need to ensure they have a positive and credible vision of the future ready to present to voters – where the costs are shared fairly. This will make it harder for populist parties to play on economic worries, and easier to persuade German voters to prioritise the climate crisis.

    Vera Trappmann receives funding from Hans Böckler Foundation

    Felix Schulz receives funding from the Hans-Böckler-Foundation.

    – ref. German election: why most political parties aren’t talking about the climate crisis – https://theconversation.com/german-election-why-most-political-parties-arent-talking-about-the-climate-crisis-249731

    MIL OSI – Global Reports –

    February 21, 2025
  • MIL-OSI United Kingdom: Jennie Lee lecture – Arts for Everyone

    Source: United Kingdom – Executive Government & Departments

    Culture Secretary Lisa Nandy has today (Thursday 20 February 2025) made an inaugural lecture marking the 60th anniversary of the first ever arts white paper.

    In 2019, as Britain tore itself apart over Brexit, against a backdrop of growing nationalism, anger and despair I sat down with the film director Danny Boyle to talk about the London 2012 Olympics Opening Ceremony. 

    That moment was perhaps the only time in my lifetime that most of the nation united around an honest assessment of our history in all its light and dark, a celebration of the messy, complex, diverse nation we’ve become and a hopeful vision of the future. 

    Where did that country go? I asked him. He replied: it’s still there, it’s just waiting for someone to give voice to it.

    …

    13 years later and we have waited long enough. In that time our country has found multiple ways to divide ourselves from one another. 

    We are a fractured nation where too many people are forced to grind for a living rather than strive for a better life. 

    Recent governments have shown violent indifference to the social fabric – the local, regional and national institutions that connect us to one another, from the Oldham Coliseum to Northern Rock, whose foundation sustained the economic and cultural life of the people of the North East for generations. 

    But this is not just an economic and social crisis, it is cultural too.

    We have lost the ability to understand one another. 

    A crisis of trust and faith in government and each other has destroyed the consensus about what is truthfully and scientifically valid. 

    Where is the common ground to be found on which a cohesive future can be forged? How can individuals make themselves heard and find self expression? Where is the connection to a sense of belonging to something larger than ourselves? 

    I thought about that conversation with Danny Boyle last summer when we glimpsed one version of our future. As violent thugs set our streets ablaze, a silent majority repelled by the racism and violence still felt a deep sense of unrest. In a country where too many people have been written off and written out of our national story. Where imagination, creation and contribution is not seen or heard and has no outlet, only anger, anxiety and disorder on our streets.

    There is that future. 

    Or there is us.

    That is why this country must always resist the temptation to see the arts as a luxury. The visual arts, music, film, theatre, opera, spoken word, poetry, literature and dance – are the building blocks of our cultural life, indispensable to the life of a nation, always, but especially now. 

    So much has been taken from us in this dark divisive decade but above all our sense of self-confidence as a nation. 

    But we are good at the arts. We export music, film and literature all over the world. We attract investment to every part of the UK from every part of the globe. We are the interpreters and the storytellers, with so many stories to tell that must be heard. 

    And despite everything that has been thrown at us, wherever I go in Britain I feel as much ambition for family, community and country as ever before. In the end, for all the fracture, the truth remains that our best hope… is each other.

    This is the country that George Orwell said “lies beneath the surface”. 

    And it must be heard. It is our intention that when we turn to face the nation again in four years time it will be one that is more self-confident and hopeful, not just comfortable in our diversity but a country that knows it is enriched by it, where everybody’s contribution is seen and valued and every single person can see themselves reflected in our national story. 

    You might wonder, when so much is broken, when nothing is certain, so much is at stake, why I am asking more of you now.

    John F Kennedy once said we choose to go to the moon in this decade not because it is easy but because it is hard.

    That is I think what animated the leaders of the post war period who, in the hardest of circumstances knew they had to forge a new nation from the upheaval of war. 

    And they reached for the stars.

    The Festival of Britain – which was literally built out of the devastation of war – on a bombed site on the South Bank, took its message to every town, city and village in the land and prioritised exhibitions that explored the possibilities of space and technology and allowed a devastated nation to gaze at the possibilities of the future. 

    So many of our treasured cultural institutions that still endure to this day emerged from the devastation of that war.

    The first Edinburgh Festival took place just a year after the war when – deliberately – a Jewish conductor led the Vienna Philharmonic, a visible symbol of the power of arts to heal and unite. 

    From the BBC to the British Film Institute, the arts have always helped us to understand the present and shape the future. 

    People balked when John Maynard Keynes demanded that a portion of the funding for the reconstruction of blitzed towns and cities must be spent on theatres and galleries. But he persisted, arguing there could be “no better memorial of a war to save the freedom of spirit of an individual”.

    Yes it took visionary political leaders. 

    But it also demanded artists and supporters of the arts who refused to be deterred by the economic woes of the country and funding in scarce supply, and without hesitation cast aside those many voices who believed the arts to be an indulgence.

    This was an extraordinary generation of artists and visionaries who understood their role was not to preserve the arts but to help interpret, shape and light the path to the future.

    Together they powered a truly national renaissance which paved the way for the woman we honour today – Jennie Lee – whose seminal arts white paper, the first Britain had ever had, was published 60 years ago this year. 

    It stated unequivocally the Wilson government’s belief in the power of the arts to transform society and to transform lives.

    Perhaps because of her belief in the arts in and of itself, which led to her fierce insistence that arts must be for everyone, everywhere – and her willingness to both champion and challenge the arts – she was – as her biographer Patricia Hollis puts it  – the first, the best known and the most loved of all Britain’s Ministers for the Arts.

    When she was appointed so many people sneered at her insistence on arts for everyone everywhere..

    And yet she held firm.

    That is why we are not only determined – but impassioned – to celebrate her legacy and consider how her insistence that culture was at the centre of a flourishing nation can help us today. 

    This is the first in what will be an annual lecture that gives a much needed platform to those voices who are willing to think and do differently and rise to this moment, to forge the future, written – as Benjamin Zephaniah said – in verses of fire.

    Because governments cannot do this alone. It takes a nation.

    And in that spirit, her spirit. I want to talk to you about why we need you now. What you can expect from us. And what we need from you. 

    …

    George Bernard Shaw once wrote:

     “Imagination is the beginning of creation. 

    “you imagine what you desire,

    “you will what you imagine – 

    “and at last you create what you will.”

    That belief that arts matter in and of themselves, central to the chance to live richer, larger lives, has animated every Labour Government in history and animates us still. 

    As the Prime Minister said in September last year: “Everyone deserves the chance to be touched by art. Everyone deserves access to moments that light up their lives.

    “And every child deserves the chance to study the creative subjects that widen their horizons, provide skills employers do value, and prepares them for the future, the jobs and the world that they will inherit.”

    This was I think Jennie Lee’s central driving passion, that “all of our children should be given the kind of education that was the monopoly of the privileged few” – to the arts, sport, music and culture which help us grow as people and grow as a nation. 

    But who now in Britain can claim that this is the case? Whether it is the running down of arts subjects, the narrowing of the curriculum and the labelling of arts subjects as mickey mouse –  enrichment funding in schools eroded at the stroke of the pen or the closure of much-needed community spaces as council funding has been slashed. 

    Culture and creativity has been erased, from our classrooms and our communities. 

    Is it any wonder that the number of students taking arts GSCEs has dropped by almost half since 2010? 

    This is madness. At a time when the creative industries offer such potential for growth, good jobs and self expression in every part of our country  And a lack of skills acts as the single biggest brake on them…bar none, we have had politicians who use them as a tool in their ongoing, exhausting culture wars. 

    Our Cabinet, the first entirely state educated Cabinet in British history, have never accepted the chance to live richer, larger lives belongs only to some of us and I promise you that we never ever will. 

    That is why we wasted no time in launching a review of the curriculum, as part of our Plan for Change. 

    To put arts, music and creativity back at the heart of the education system.

    Where they belong. 

    And today I am delighted to announce the Arts Everywhere fund as a fitting legacy for Jennie Lee’s vision – over £270 million investment that will begin to fix the foundations of our arts venues, museums, libraries and heritage sector in communities across the country.

     We believe in them. And we will back them.

    Because as Abraham Lincoln once said, the dogmas of a quiet past are inadequate to the stormy present. 

    Jennie Lee lived by this mantra. So will we. 

    We are determined to escape the deadening debate about access or excellence which has haunted the arts ever since the formation of the early Arts Council. 

    The arts is an ecosystem, which thrives when we support the excellence that exists and use it to level up. 

    Like the RSC’s s “First Encounters” programme. Or the incredible Shakespeare North Playhouse in Knowsley where young people are first meeting with spoken word.

    When I watched young people from Knowsley growing in confidence, and dexterity, reimagining Shakespeare for this age and so, so at home in this amazing space it reminded me of my childhood.

    Because in so many ways I grew up in the theatre. My dad was on the board of the National, and as a child my sister and I would travel to London on the weekends we had with our dad to see some of the greatest actors and directors on earth – Helen Mirren, Alan Rickman, Tom Baker, Trevor Nunn and Sam Mendes. We saw Chekhov, Arthur Miller and Brecht reimagined by the National, the Donmar and the Royal Court.

    It was never, in our house, a zero-sum game. The thriving London scene was what inspired my parents and others to set up what was then the Corner House in Manchester, which is now known as HOME. 

    It inspired my sister to go on to work at the Royal Exchange in Manchester where she and I spent some of the happiest years of our lives watching tragedy and farce, comedy and social protest. 

    Because of this I love all of it – the sound, smell and feel of a theatre. I love how it makes me think differently about the world. And most of all I love the gift that our parents gave us, that we always believed these are places and spaces for us.

    I want every child in the country to have that feeling. Because Britain’s excellence in film, literature, theatre, TV, art, collections and exhibitions is a gift, it is part of our civic inheritance, that belongs to us all and as its custodians it is up to us to hand it down through the generations. 

    Not to remain static, but to create a living breathing bridge between the present, the past and the future.

    …

    My dad, an English literature professor, once told me that the most common mistakes students make – including me – he meant me actually – was to have your eye on the question, not on the text. 

    So, with some considerable backchat in hand, I had a second go at an essay on Hamlet – why did Hamlet delay? – and came to the firm conclusion that he didn’t. That this is the wrong question. I say this not to start a debate on Hamlet, especially in this crowd, but to ask us to consider this:

    If the question is – how do we preserve and protect our arts institutions? Then access against excellence could perhaps make sense. I understand the argument, that to disperse excellence is somehow to diffuse it. 

    But If the question is – how to give a fractured nation back its self confidence? Then this choice becomes a nonsense. So it is time to turn the exam question on its head and reject this false choice. 

    Every person in this country matters. But while talent is everywhere, opportunity is not. This cannot continue. That is why our vision is not access or excellence but access to excellence. We will accept nothing less. This country needs nothing less. And thanks to organisations like the RSC we know it can be achieved.

    …

    I was reflecting while I wrote this speech how at every moment of great upheaval it has been the arts that have helped us to understand the world, and shape the future. 

    From fashion, which as Eric Hobsbawm once remarked, was so much better at anticipating the shape of things to come than historians or politicians, to the angry young men and women in the 1950s and 60s – that gave us plays like Look Back in Anger – to the quiet northern working class rebellion of films like Saturday Night Sunday Morning, This Sporting Life and Loneliness of the Long Distance Runner. 

    Without the idea that excellence belongs to us all – this could never have happened. What was once considered working class, ethnic minority or regional – worse, in Jennie Lee’s time, it was called “the provinces” which she banned – thank God. These have become a central part of our national story.

    ….

    I think the arts is a political space. But the idea that politicians should impose a version of culture on the nation is utterly chilling.

    When we took office I said that the era of culture wars were over. It was taken to mean, in some circles, that I could order somehow magically from Whitehall that they would end. 

    But I meant something else. I meant an end to the “mind forged manacles” that William Blake raged against and the “mind without fear” that Rabindranath Tagore dreamt of.

    [political content removed]

    Would this include the rich cultural heritage from the American South that the Beatles drew inspiration from, in a city that has been shaped by its role in welcoming visitors and immigrants from across the world? Would it accommodate Northern Soul, which my town in Wigan led the world in?  

    We believe the proper role of government is not to impose culture, but to enable artists to hold a mirror up to society and to us. To help us understand the world we’re in and shape and define the nation. 

    Who know that is the value that you alone can bring. 

    I recently watched an astonishing performance of The Merchant of Venice, set in the East End of London in the 1930s. In it, Shylock has been transformed from villain to  victim at the hands of the Merchant, who has echoes of Oswald Mosely. I don’t want to spoil it – not least because my mum is watching it at the Lowry next week and would not forgive me- but it ends with a powerful depiction of the battle of Cable Street. 

    Nobody could see that production and fail to understand the parallels with the modern day. No political speech I have heard in recent times has had the power, that power to challenge, interpret and provoke that sort of response. To remind us of the obligations we owe to one another.

    Other art forms can have – and have had – a similar impact. Just look at the ITV drama Mr Bates vs The Post Office. It told a story with far more emotional punch than any number of political speeches or newspaper columns. 

    You could say the same of the harrowing paintings by the Scottish artist Peter Howson. His depiction of rape when he was the official war artist during the Bosnian War seared itself into people’s understanding of that conflict. It reminds me of the first time I saw a Caravaggio painting. The insistence that it becomes part of your narrative is one you never ever forget.

    That is why Jennie Lee believed her role was a permissive one. She repeated this mantra many times telling reporters that she wanted simply to make living room for artists to work in. The greatest art, she said, comes from the torment of the human spirit – adding – and you can’t legislate for that. 

    I think if she were alive today she would look at the farce that is the moral puritanism which is killing off our arts and culture – for the regions and the artistic talent all over the country where the reach of funding and donors is not long enough – the protests against any or every sponsor of the arts, I believe, would have made her both angered and ashamed.  

    In every social protest  – and I have taken part in plenty – you have to ask, who is your target? The idea that boycotting the sponsor of the Hay Festival harms the sponsor, not the festival is for the birds. 

    And I have spent enough time at Hay, Glastonbury and elsewhere to know that these are the spaces – the only spaces – where precisely the moral voice and protest comes from. Boycotting sponsors, and killing these events off,  is the equivalent of gagging society. This self defeating virtue signalling is a feature of our times and we will stand against it with everything that we’ve got.

    Because I think we are the only [political context removed] force, right now, that believes that it is not for the government to dictate what should be heard.

    But there is one area where we will never be neutral and that is on who should be heard.

    Too much of our rich inheritance, heritage and culture is not seen. And when it is not, not only is the whole nation poorer but the country suffers. 

    It is our firm belief that at the heart of Britain’s current malaise is the fact that too many people have been written off and written out of our national story. And, to borrow a line from my favourite George Eliot novel, Middlemarch, it means we cannot hear that ‘roar that lies on the other side of silence’.  What we need – to completely misquote George Elliot – is a keen vision and feeling of all ordinary human life.’ We’ve got to be able to hear it.

    And this is personal for me.

    I still remember how groundbreaking it was to watch Bend it Like Beckham – the first time I had seen a family like ours depicted on screen not for being Asian (or in my case mixed race) but because of a young girl’s love of football. 

    And I was reminded of this year’s later when Maxine Peake starred in Queens of the Coal Age, her play about the women of the miners’ strike, which she put on at the Royal Exchange in Manchester. 

    The trains were not running – as usual – but on one of my council estates the women who had lived and breathed this chapter of our history clubbed together, hired a coach and went off to see it. It was magical to see the reaction when they saw a story that had been so many times about their lives, finally with them in it.

    We are determined that this entire nation must see themselves at the centre of their own and our national story. That’s a challenge for our broadcasters and our film-makers. 

    Show us the full panoply of the world we live in, including the many communities far distant from the commissioning room which is still far too often based in London. 

    But it’s also a challenge for every branch of the arts, including the theatre, dance, music, painting and sculpture. Let’s show working-class communities too in the work that we do – and not just featuring in murder and gangland series. 

    Part of how we discover that new national story is by breathing fresh life into local heritage and reviving culture in places where it is disappearing.

    Which is why we’re freeing up almost £5 million worth of funding for community organisations – groups who know their own area and what it needs far better than Whitehall. Groups determined to bring derelict and neglected old buildings back into good use. These are buildings that stand at the centre of our communities. They are visible symbols of pride, purpose and their contribution and their neglect provokes a strong emotional response to toxicity, decline and decay. We’re determined to put those communities back in charge of their own destiny again. 

    And another important part of the construction is the review of the arts council, led by Baroness Margaret Hodge, who is with us today. When Jennie Lee set up regional arts associations the arts council welcomed their creation as good for the promotion of regional cultures and in the hope they would “create a rod for the arts council’s back”. 

    They responded to local clamour, not culture imposed from London. Working with communities so they could tell their own story. That is my vision. And it’s the vision behind the Arts Everywhere Fund that we announced this morning.

    The Arts Council Review will be critical to fulfilling that vision and today we’re setting out two important parts of that work – publishing both the Terms of Reference and the members of the Advisory Group who will be working with Baroness Hodge, many of whom have made the effort to join us here today.

    We have found the Jennie Lee’s of our age, who will deliver a review that is shaped around communities and local areas, and will make sure that arts are for everyone, wherever they live and whatever their background. With excellence and access.

    But we need more from you. We need you to step up.

    Across the sporting world from Boxing to Rugby League clubs, they’re throwing their doors open to communities, especially young people, to help grip the challenges facing a nation. Opening up opportunities. Building new audiences. Creating the champions of the future. Lots done, but much more still to do.

    Every child and adult should also have the opportunity to access live theatre, dance and music – to believe that these spaces belong to them and are for them. We need you to throw open your doors. So many of you already deliver this against the odds. But the community spaces needed – whether community centres, theatres, libraries are too often closed to those who need them most. 

    Too often we fall short of reflecting the full and varied history of the communities which support us. That’s why we have targeted the funding today to bring hope flickering back to life in community-led culture and arts – supported by us, your government, but driven by you and your communities.

    It’s one of the reasons we are tackling the secondary ticket market, which has priced too many fans out of live music gigs. It’s also why we are pushing for a voluntary levy on arena tickets to fund a sustainable grassroots music sector, including smaller music venues. 

    But I also want new audiences to pour in through the doors – and I want theatres across the country to flourish as much as theatres in the West End. 

    I also want everyone to be able to see some of our outstanding art, from Lowry and Constable to Anthony Gormley and Tracey Emin. 

    Too much of the nation’s art is sitting in basements not out in the country where it belongs. I want all of our national and civic galleries to find new ways of getting that art out into communities.

    There are other challenges. There is too much fighting others to retain a grip on small pots of funding and too little asking “what do we owe to one another” and what can I do. Jennie Lee encouraged writers and actors into schools and poets into pubs. 

    She set up subsidies so people, like the women from my council estate in Wigan, could travel to see great art and theatre. She persuaded Henry Moore to go and speak to children in a school in Castleford, in Yorkshire who were astonished when he turned up not with a lecture, but with lumps of clay. 

    There are people who are doing this now. The brilliant fashion designer Paul Smith told me about a recent visit to his old primary school in Nottingham where he went armed with the material to design a new school tie with the kids. These are the most fashionable kids on the block.

    I know it’s been a tough decade. Funding for the arts has been slashed. Buildings are crumbling. And the pandemic hit the arts and heritage world hard. 

    And I really believe that the Government has a role to play in helping free you up to do what you do best – enriching people’s lives and bringing communities together – so with targeted support like the new £85m Creative Foundations Fund that we’re launching today with the Arts Council we hope that we’ll be able to help you with what you do best.

    SOLT’s own research showed that, without support, 4 in 10 theatres they surveyed were at risk of closing or being too unsafe to use in five years’ time. So today we are answering that call. This fund is going to help theatres, galleries, and arts centres restore buildings in dire need of repairs. 

    And on top of that support, we’re also getting behind our critical local, civic museums – places which are often cultural anchors in their village, town or city. They’re facing acute financial pressures and they need our backing. So our new Museum Renewal Fund will invest £20 million in these local assets – preserving them and ensuring they remain part of local identities, to keep benefitting local people of all ages. In my town of Wigan we have the fantastic Museum of Wigan Life and it tells the story of the contribution that the ordinary, extraordinary people in Wigan made to our country, powering us through the last century through dangerous, difficult, dirty work in the coal mines.  That story, that understanding of the contribution that Wigan made, I consider to be a part of the birthright and inheritance of my little boy growing up in that town today and we want every child growing up in a community to understand the history and heritage and contribution that their parents and grandparents made to this country and a belief that that future stretches ahead of them as well. Not to reopen the coal mines, but to make a contribution to this country and to see themselves reflected in our story.  

    But for us to succeed we need more from you. This is not a moment for despair. This is our moment to ensure the arts remain central to the life of this nation for decades to come and in turn that this nation flourishes. 

    If we get this right we can unlock funding that will allow the arts to flourish in every part of Britain, especially those that have been neglected for far too long, by creating good jobs and growth, and giving children everywhere the chance to get them. 

    Our vision is not just to grow the economy, but to make sure it benefits people in our communities. So often where i’ve seen investments in the last decade and good jobs created, I go down the road to a local school and I see children who can see those jobs from the school playground, but could no more dream of getting to the moon than they could of getting those jobs. And we are determined that that’s going to change. 

    This is what we’ve been doing with our creative education programmes (like the Museums and Schools Programme, the Heritage Schools Programme, Art & Design National Saturday Clubs and the BFI Film Academy.) These are programmes we are proud to support and ones I’m personally proud that my Department will be funding these programmes next year.

    Be in no doubt, we are determined to back the creative industries in a way no other government has done. I’m delighted that we have committed to the audiovisual, video games, theatre, orchestra and museums and galleries tax reliefs, as well as introducing the new independent film and VFX tax reliefs as well.

    You won’t hear any speeches from us denigrating the creative industries or lectures about ballerinas being forced to retrain.

    Yes, these are proper jobs. And yes, artists should be properly remunerated for their work. 

    We know these industries are vital to our economic growth. They employ 1 in 14 people in the UK and are worth more than £125 billion a year to our economy.  We want them to grow. That is why they are a central plank of our industrial strategy.

    But I want to be equally clear that these industries only thrive if they are part of a great artistic ecosystem. Matilda, War Horse and Les Miserables are commercial successes, but they sprang from the public investment in theatre. 

    James Graham has written outstanding screenplays for television including Sherwood, but his first major play was the outstanding This House at the National and his other National Theatre play Dear England is now set to be a TV series. 

    You don’t get a successful commercial film sector without a successful subsidised theatre sector. Or a successful video games sector without artists, designers, creative techies, musicians and voiceover artists.  

    So it’s the whole ecosystem that we have to strengthen and enhance. It’s all connected.

    The woman in whose name we’ve launched this lecture series would have relished that challenge. She used to say she had the best job in government

     “All the others deal with people’s sorrows… but I have been called the Minister of the Future.”

    That is why I relish this challenge and why working with those of you who will rise to meet this moment will be the privilege of my life.

    …

    I wanted to leave with you with a moment that has stayed with me.

    A few weeks ago I was with Andy Burnham, the Mayor of Greater Manchester, who has become a great friend. We were in his old constituency of Leigh, a town that borders Wigan. And we were talking about the flashes, which in our towns used to be open cast coalmines. 

    They were regenerated by the last Labour government and they’ve now become these incredible spaces, with wildlife and green spaces with incredible lakes that are well used by local children. 

    We had a lot to talk about and a lot to do. But as we looked out at the transformed landscape wondering how in one generation we had gone from scars on the landscape to this, he said, the lesson I’ve taken from this is that nature recovers more quickly than people. 

    While this government, through our Plan for Change, has made it our mission to support a growing economy, so we can have a safe, healthy nation where people have opportunities not currently on offer – the recovery of our nation cannot be all bread and no roses. Our shared future depends critically on every one of us in this room rising to this moment. 

    To give voice to the nation we are, and can be. 

    To let hope and history rhyme.

    So let no one say it falls to anyone else. It falls to us.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

    February 21, 2025
  • MIL-OSI Global: Five ways to have more constructive climate conversations

    Source: The Conversation – UK – By Anastasia Denisova, Senior Lecturer in Journalism, University of Westminster

    ShotPrime Studio/Shutterstock

    Talking about climate change is never easy. The issue is complex and upsetting. Headlines bring bad news way more often than good ones.

    Techniques based on the extensive analysis of theories and research from social psychology, sociology, environmental and media studies can pave the way for a consistent approach to climate action commitment and citizen empowerment.

    Here are five ways to communicate climate stories in a way that keeps people engaged and motivated to take positive action.

    1. Give people agency

    According to the seminal research published in 1974 by the Canadian-American social psychologist Albert Bandura, humans are capable creatures who can overcome fears and lead happier, motivated lives when led correctly. He conducted a famous experiment with people who were afraid of snakes.

    In one scenario, an assistant was holding a snake in their hands or keeping it in a cage, while the scared person was watching. In another scenario, the person was given a snake to hold, in a controlled environment, with the assistants eager to take the snake back at any signs of the person’s discomfort. Bandura discovered that looking at someone holding a glossy, hissy reptile did not improve one’s sense of empowerment much.

    However, actually handling the scary creature allowed people to feel more in control – and more likely to overcome their fear. This approach is known for boosting people’s sense of agency. By tackling the problem with one modest action at a time, a person is likely to become more reassured in their capacity to challenge larger issues.

    In terms of climate communication, we need to be able to control at least small bits of the situation in order to be psychologically equipped to tackle bigger challenges. Climate communicators can give practical suggestions on lifestyle amendments, feasible activism techniques, political involvement – to nourish the sense of empowerment in the audience.

    2. Localise the issue

    While researching for my new book, Effective Climate Communication, I discovered that many countries with fewer resources struggle to present local stories related to climate change. They tend to rely on the western agenda of UN climate summits or global reports.

    The shortage of correspondents on the ground (see studies on Sub-Saharan Africa, Nigeria and South Africa, countries in South America and Asia), makes many media in the developing countries ignore the very local consequences of the global heating. When people are less prepared for extreme weather, they’ll be less empowered to demand change from their governments or invest in weather-resilient crops and other prevention techniques.

    By capturing perspectives from the local businesses and scientists, people can talk more easily about the direct effects of climate change on the local environment.

    For instance, Greenpeace Indonesia focused on three themes on their Instagram page: the imagery of floods and humans affected, the call to switch to renewable energy, and the argument against the “omnibus” bill, which allows coal companies renew their licenses easily every ten years.

    Connecting the local impact of climate change with the possible solution – reducing coal mining – brought a considerable number of clicks and comments to the stories. Although the link between Instagram and public opinion is hard to prove, the omnibus bill is still widely contested by Indonesian society.

    3. Make stories relatable

    Unless you’re called Elon Musk, Bill Gates (the co-founder of Microsoft) or Ursula von der Leyen (president of the European Commission), you don’t have a direct control over the management of climate change at a global level. Yet, it would be amazing to hear more stories of people who may be giving up long-haul flights, rejecting meat and divesting their pension from the fossil fuel funds. There are so many stories that can be told to inspire feelings of connection and hope.

    Stories must be made relatable to engage a wider audience in positive climate conversations.
    fizkes/Shutterstock

    According to classic “social proof” theory, if we can be sure that any new behaviour is the social norm, then we’ll be more eager to change. The moment people consider that refraining from eating meat, flying and buying unnecessary stuff are common patterns in their social circles, they will find it easier to follow suit, as shown by this study on the flying intentions of Germans, or research on the effect of social communities on pro-climate decisions in Europe.

    4. Avoid ‘doomism’

    Watching thrillers about the end of the world on the TV screen can be escapist and weirdly soothing. But witnessing the apocalypse unfold in front of us, through multiple news notifications and social media posts, is less gratifying. The narratives that compare climate change to the end of the humanity are supposed to incite action – but more often than not they lead to freeze or withdrawal reactions.

    In some newsrooms, the practice of “the three Ds” flourishes in the face of the planetary problem – denial, delay-ism and dismissal. Doomist storytelling opens the doors for fake prophets and self-proclaimed superheroes who promise to fix the problem but end up in populism and scapegoating.

    Avoiding doomism allows for “stubborn optimism”, a concept endorsed by Christiana Figueres, the ex-head of the UN climate change convention from 2010 to 2016. It is the dual approach of acknowledging the severity of the issue and the cost of the delays to action, but looking at the present state of affairs as an opportunity to avoid bigger damage and focus on the near-term solutions.

    5. Create a new normal

    Having a special climate change section within a media publication is a nice sign that the organisation cares about the problem. But how likely are people to click on it just to discover another ambush of negative stories? Including climate references in the majority of stories, from fashion to travel, helps normalise climate change as a backdrop to all aspects of our lives.

    There’s no need for preaching. Nobody wants to be patronised for their decision to take a flight to see the family that lives far away. But subtle travel listicles about local destinations, creative meat-free recipes or an imaginative reinvention of fashion advice as restyling, not buying, can offer up alternatives in creative ways.

    It should not be a taboo topic at dinner parties or social events. Avoid “othering” the climate change issue and help people stay aware and committed to tackling the elements of it.

    Being aware of climate change as a new norm is healthier than trying to push it away and deny it’s happening. Engagement with the biggest story of our time is the best catalyst for change that we have.


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

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


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

    – ref. Five ways to have more constructive climate conversations – https://theconversation.com/five-ways-to-have-more-constructive-climate-conversations-249417

    MIL OSI – Global Reports –

    February 21, 2025
  • MIL-OSI: Coface : 2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Source: GlobeNewswire (MIL-OSI)

    2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Paris, 20 February 2025 – 17.35

    • Turnover: €1,845m, down -0.6% at constant FX and perimeter and down -1.3% on a reported basis
      • Trade credit insurance revenue decreased by -2.2% at constant exchange rates, with slightly positive customer activity in Q4-24
      • Client retention is still high at 92.3% but down slightly from 2023 records; pricing remained negative at -1.4%, in line with historical trends
      • Business information once again recorded double-digit growth (+16.3% at constant FX); factoring stabilised at +0.3% with solid growth in Q4-24
    • Net loss ratio at 35.2%, improved by 2.5 ppts; net combined ratio at 65.5%, up 1.2 ppt
      • Gross loss ratio at 33.4%, improved by 2.4 ppts with still high opening year reserving and high reserve releases
      • Net cost ratio increased by 3.6 ppts to 30.2%, reflecting slightly lower revenues and continued investment, in line with our strategy
      • Net combined ratio in Q4-24 at 68.7%, up 9.7 ppts due to a higher net cost ratio and a very low combined ratio in Q4-23 (59.0%)
    • Net income (group share) of €261.1m, up +8.6%, of which €53.4m in Q4-24, the highest annual figure since the adoption of IFRS 17. Annualised RoATE1at 13.9%
    • Coface continues to be backed by a solid balance sheet:
      • Estimated solvency ratio at ~196%2, above the upper end of target range (155% to 175%)
      • Proposal to distribute3 a dividend per share of €1.40 representing an 80% pay-out ratio
      • Earnings per share reached €1.75
    • Coface signed the acquisition of Cedar Rose, strengthening its capabilities in information services in the Middle East and Africa
    • Gonzague Noël has been appointed as Group Chief Operating Officer (COO)

    Unless otherwise indicated, change comparisons refer to the results as at 31 December 2023

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “2024 was marked by the launch of our Power the Core strategic plan which is deliberately focused on innovation.
    In an environment characterised by weak economic growth, a decrease of our clients’ activity and an increase in the number of bankruptcies, the discipline of our underwriting enabled us to contain the increase in the combined ratio, which rose moderately to 65.5%. Finally, we benefited from the repositioning of our investment portfolio to achieve a return on average tangible equity of 13.9%, above our mid-cycle targets. The net income of €261m marked the highest level since the transition to IFRS 17.
    All these achievements would not have been possible without the engagement of our employees.
    These good results and solid solvency ratio of 196% allow us to propose the payment of a dividend of €1.40 per share to the Shareholders’ meeting.”

    Key figures at 31 December 2024

    The Board of Directors of COFACE SA approved the consolidated financial statements at 31 December 2024 at its meeting of 20 February 2025. The Audit Committee at its meeting on 18 February 2025 also previously reviewed them. Accounts are non-audited, certification is in progress.

    Income statements items in €m 2023 2024 Variation % ex. FX*
    Insurance revenue 1,559.1 1,512.9 (3.0)% (2.2)%
    Services revenue 309.2 331.9 +7.4% +7.4%
    REVENUE 1,868.2 1,844.8 (1.3)% (0.6)%
    UNDERWRITING INCOME/LOSS AFTER REINSURANCE 395.4 368.7 (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs 12.4 91.7 638.0% 595.7%
    Insurance Finance Expenses (40.0) (42.5) 6.4% 12.9%
    CURRENT OPERATING INCOME 367.9 417.9 +13.6% +12.8%
    Other operating income / expenses (5.0) (8.6) 74.5% 74.2%
    OPERATING INCOME 362.9 409.2 +12.8% +12.0%
    NET INCOME (GROUP SHARE) 240.5 261.1 +8.6% +6.3%
             
    Key ratios 2023 2024 Variation
    Loss ratio net of reinsurance 37.7% 35.2% (2.5)% ppts
    Cost ratio net of reinsurance 26.6% 30.2% 3.6% ppts
    COMBINED RATIO NET OF REINSURANCE 64.3% 65.5% 1.2% ppt
             
    Balance sheet items in €m 2023 2024 Variation
    Total equity (group share) 2,050.8 2,193.6 +7.0%
    Solvency ratio 199% 196%1         -3 ppt

    * Also excludes scope impact

    1This estimated solvency ratio constitutes a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.

    1.   Turnover

    In 2024, Coface recorded a consolidated turnover of €1,844.8 million, down by -0.6% at constant FX and perimeter compared to 2023. As reported (at current FX and perimeter), turnover was down -1.3%.

    Revenue from insurance activities (including bonding and Single Risk) fell -2.2% at constant FX and perimeter, although the year ended on a slightly more positive note (Q4-24 revenue from insurance activities rose +3.7% and total revenue increased +4.3%). Client retention remains high at 92.3% (but down from the record level in 2023), in a competitive market where Coface implemented risk mitigation plans that impacted renewals at the beginning of the year. New business rose to €126m, up €9m compared to 2023 driven by an increase in demand and the positive effects of investments for growth, mainly in the mid-market segment.

    Client activity grew modestly at 0.5%, below the historical average with an improvement in Q4-24 (+0.4%). Over the year, the decline in activity in the metals sector, with lower prices, partially offset the positive trend in the agri-food sector. The price effect remained negative at -1.4% in 2024 (vs. -1.9% in 2023), in line with long-term trends.

    Turnover from non-insurance activities was up +8.2% compared to 2023. Factoring turnover stabilised at +0.3% with a positive Q4-24 that reversed the full-year trend. Information services turnover rose +16.3%. Fee and commission income (debt collection commissions) increased by +19.6%, from a low base, due to the increase in claims to be collected and investments made in third-party debt collection. Commissions were up +6.6%.

    Total revenue – in €m
    (by country of invoicing)
    2023 2024 Variation % ex. FX4
    Northern Europe 379.6 362.2 (4.6)% (4.6)%
    Western Europe 380.1 391.8 +3.1% +0.4%
    Central & Eastern Europe 177.1 173.8 (1.9)% (3.2)%
    Mediterranean & Africa 526.3 538.5 +2.3% +5.6%
    North America 171.8 176.6 +2.7% (6.4)%
    Latin America 100.3 77.7 (22.5)% +4.0%
    Asia-Pacific 133.1 124.3 (6.6)% (7.1)%
    Total Group 1,868.2 1,844.8 (1.3)% (0.6)%

    In Northern Europe, turnover was down by -4.6% at constant and current FX, due to the selective non-renewal of some loss-making policies at the beginning of the year, despite the stabilisation of client activity in Q4-24.

    In Western Europe, turnover increased by +0.4% at constant FX (+3.1% at current FX and perimeter following the integration of certain African countries in the first half of the year) thanks to a sharp increase in information services sales (+30.3%) combined with a better Q4-24 in credit insurance under the effect of significant business catch-up.

    In Central and Eastern Europe, turnover fell -3.2% at constant FX (-1.9% at current FX) due to the decline in client activity, which weighed on credit insurance, despite a high client retention rate. Factoring was down -1.0% at constant exchange rates.

    In the Mediterranean and Africa region, which is driven by Italy and Spain, turnover rose +5.6% at constant FX and +2.3% at current FX driven by robust sales in credit insurance and services and a stronger economic environment.

    In North America, turnover was down -6.4% at constant FX but increased by +2.7% at current FX due to the integration of Mexico in this scope. The region saw a slowdown in client activity despite higher retention and a fairly strong economic environment.

    In Latin America, turnover rose +4.0% at constant FX but fell -22.5% at current FX. The region is benefiting from a recovery in client activity after 2023 was dominated by risk prevention actions. However, the transfer of Mexico to the North America region had a negative impact.

    In Asia-Pacific, turnover decreased by -7.1% at constant FX and -6.6% at current FX. This lower turnover was due to a slowdown in client activity that robust sales were unable to offset and selective non-renewal of certain policies.

    2.   Result

    • Combined ratio

    The annual combined ratio net of reinsurance was 65.5% in 2024, up 1.2 ppt year on year.

    (i)  Loss ratio

    The gross loss ratio stood at 33.4%, a 2.4 ppts improvement on the previous year. This improvement reflects both the gradual normalisation of the loss experience, offset by rising reserve releases. The amount of claims recorded is now higher than in 2019. The total number of claims decreased, offset by an increase in the number of mid-sized claims.

    The Group’s provisioning policy remained unchanged. The amount of provisions related to the underwriting year, although discounted, reflects the increase in the claims frequency. Strict management of past claims enabled the Group to record 51.9 ppts of recoveries.

    The net loss ratio improved to 35.2%, down 2.5 ppts compared to 2023.

    (ii)  Cost ratio

    Coface is pursuing a strict cost management policy and is continuing to invest, in line with its Power the Core strategic plan. As a result, over the full year 2024, costs rose by +5.5% at constant FX and perimeter, and by +5.3% at current FX.

    The cost ratio before reinsurance was 33.7%, up 2.2 ppts year on year. This rise was mainly due to the decline in revenues (1.0 ppt), embedded cost inflation (1.5 ppt) and ongoing investments (1.5 ppt). In contrast, the improved product mix (information services, debt collection and fee and commission income) had a positive effect. High reinsurance commissions explain the remainder of the variation.

    • Financial result

    Net financial income for 2024 was €91.7m, up sharply compared to 2023. This figure includes capital gains of +€11.4m, which more than offset negative market value adjustments on investments of -€2.9m. The FX effect remained slightly negative at -€2.7m but improved significantly compared to 2023, which was marked by the accounting effect of IAS 29 (hyperinflation) in Turkey and Argentina as well as the sharp devaluation of the Argentine peso.

    The portfolio’s current yield (i.e. excluding capital gains, depreciation and FX impact) was €96.6m, of which €25.7m in Q4-24. The accounting yield5, excluding capital gains and fair value effect, was 2.9% for 2024. The yield on new investments made year-to-date was 4.1% and fell in Q4-24 in line with the trend in market rates.

    Insurance Finance Expenses (IFE) stood at €42.5m (€40.0m in 2023).

    • Operating income and net income

    Operating income amounted to €409.2m in 2024, up +12.0% at constant FX.

    The effective tax rate was 29% for the year (vs. 27% in 2023), including the impact of Pillar 2 (global minimum tax).

    In total, net income (group share) was €261.1m, up +8.6% compared to 2023.

    3.   Shareholders’ equity

    At 31 December 2024, Group shareholders’ equity stood at €2,193.6m, up €142.8m or +7.0% (€2,050.8m at 31 December 2023).

    These changes are mainly due to the positive net income of €261.1m and the dividend payment of -€194.3m. Other items include changes in unrealised capital gains for €72.0m.

    The annualised return on average tangible equity (RoATE) was 13.9%, up 0.5 ppt mainly due to the improvement in financial income, which more than offset the decrease in underwriting income (decline in net premiums and slight increase in the combined ratio).

    The solvency ratio reached 196%6, representing a decrease of 3 ppts compared to FY-23. It remains well above the upper end of the target range (155%-175%).

    Coface will propose €1.40 dividend per share at the Shareholders’ meeting, corresponding to a payout ratio of 80%7, in line with its capital management policy.

    4.   Outlook

    Once again, the global economy experienced modest growth in 2024 (2.7%), in line with Coface’s forecasts and still driven being by the United States. The electoral calendar, which involved an unprecedented number of countries, delivered generally unsurprising outcomes, with some exceptions.

    For 2025, Coface is forecasting growth identical to that of 2024 at 2.7%. Further downgrades to European growth are likely to be offset by the good performance of the United States, while political risk remains. Donald Trump’s return to power seems to have been welcomed by economic circles so far, raising hopes of deregulation, which is stimulating in the short term but often carries longer-term risks. The announced introduction of tariffs for many countries is also a destabilising factor for global trade.

    Against this backdrop, Coface is anticipating a continued rise in bankruptcies, as businesses are caught between depleted levels of cheap financing and sluggish growth. Coface and its teams will continue to support their clients in this still uncertain environment.

    At the end of 2024, client activity finally posted a slightly positive performance after several quarters of decline. This slight rebound may give hope that the post-Covid decline in client activity has come to an end. In 2025, Coface will continue to implement its Power the Core strategic plan, which aims to develop a leading global ecosystem in credit risk management.

    5.   Governance evolution

    In the Executive Committee:

    • As of February 1st, 2025, Carole Lytton leads the Specialties Businesses, in addition to her role as General Secretary. She takes over from Antonio Marchitelli who decided to leave and take another appointment outside Coface after many years of dedication to the Group.
    • As of February 3rd, Gonzague Noël has been appointed as Group Chief Operating Officer (COO). He takes over Declan Daly, joins the Group executive committee and reports to Xavier Durand, Coface CEO.

    Conference call for financial analysts

    Coface’s results for FY-2024 will be discussed with financial analysts during the conference call on Thursday, 20 February 2025 at 18.00 (Paris time). Dial one of the following numbers:

    The presentation will be available (in English only) at the following address:
    http://www.coface.com/Investors/financial-results-and-reports

    Income statements items in €m
    Quarterly figures
    Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24   % %
    ex. FX*
    Insurance revenue 395.3 407.8 384.7 371.3 378.6 375.6 375.9 382.7   +3.1% +3.7%
    Other revenue 79.8 76.8 73.4 79.2 85.0 83.4 78.0 85.5   +8.0% +7.6%
    REVENUE 475.1 484.5 458.1 450.4 463.7 459.1 453.8 468.3   +4.0% +4.3%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE
    95.3 103.5 91.2 105.4 100.3 94.7 88.8 84.9   (19.5)% (17.9)%
    Investment income, net of management expenses, excluding finance costs (2.6) 4.0 13.0 (2.0) 17.9 22.8 19.0 31.9   (1667)% (1568)%
    Insurance Finance Expenses (2.4) (12.3) (15.4) (9.9) (11.4) (6.7) (7.3) (17.1)   +73.3% +77.9%
    CURRENT OPERATING INCOME 90.4 95.2 88.9 93.5 106.8 110.9 100.5 99.7   +6.7% +7.9%
    Other operating income / expenses (0.3) (0.4) (0.2) (4.0) (0.1) (0.5) (2.6) (5.5)   +38.3% +36.4%
    OPERATING INCOME 90.0 94.8 88.6 89.5 106.8 110.4 97.9 94.2   +5.2% +6.6%
    NET INCOME (GROUP SHARE) 61.2 67.7 60.9 50.8 68.4 73.8 65.4 53.4   +5.1% +4.9%
    Income tax rate 25.5% 21.9% 24.2% 36.0% 27.2% 26.8% 25.5% 36.2%   +0.2 ppt

    Appendices

    Quarterly results

    Cumulated results*

    Income statements items in €m
    Cumulated figures
    Q1-23 H1-23 9M-23 2023 Q1-24 H1-24 9M-24 2024   % %
    ex. FX*
    Insurance revenue 395.3 803.1 1,187.8 1,559.1 378.6 754.3 1,130.2 1,512.9   (3.0)% (2.2)%
    Other revenue 79.8 156.6 230.0 309.2 85.0 168.5 246.4 331.9   +7.4% +7.4%
    REVENUE 475.1 959.7 1,417.8 1,868.2 463.7 922.7 1,376.6 1,844.8   (1.3)% (0.6)%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE
    95.3 198.8 290.0 395.4 100.3 195.0 283.8 368.7   (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs (2.6) 1.4 14.5 12.4 17.9 40.8 59.8 91.7   +638.0% +595.7%
    Insurance Finance Expenses (2.4) (14.7) (30.1) (40.0) (11.4) (18.1) (25.4) (42.5)   +6.4% +12.9%
    CURRENT OPERATING INCOME 90.4 185.5 274.4 367.9 106.8 217.7 318.2 417.9   +13.6% +12.8%
    Other operating income / expenses (0.3) (0.7) (0.9) (5.0) (0.1) (0.5) (3.1) (8.6)   +74.5% +74.2%
    OPERATING INCOME 90.0 184.8 273.4 362.9 106.8 217.2 315.1 409.2   +12.8% +12.0%
    NET INCOME (GROUP SHARE) 61.2 128.8 189.7 240.5 68.4 142.3 207.7 261.1   +8.6% +6.3%
    Income tax rate 25.5% 23.7% 23.8% 26.8% 27.2% 27.0% 26.5% 28.7%   +1.9 ppt  

    * Also excludes scope impact

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.


    1RoATE = Return on average tangible equity
    2This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    3The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.
    4 Also excludes scope impact
    5 Book yield calculated on the average of the investment portfolio excluding non-consolidated subsidiaries.
    6 This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    7 The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.

    Attachment

    • 2025 02 20 PR results FY-2024 COFACE

    The MIL Network –

    February 21, 2025
  • MIL-OSI United Kingdom: Nick Park CBE, unveils statue of Feathers McGraw at Animate, Preston

    Source: City of Preston

    Nick Park CBE, four-time Academy Award®-winner and Preston-born creator of Wallace & Gromit, has officially opened the city’s £45m+ Animate entertainment and leisure destination.

    The Honorary Freeman of Preston and multi award-winning filmmaker, unveiled a four-foot-high bronze statue of Feathers McGraw, the villainous penguin character in the Wallace & Gromit animated films, to mark the opening, close by to the existing famous Wallace & Gromit bench at Preston Markets.

    Joining Nick at the unveiling were the Mayor of Preston Councillor Philip Crowe, Chris Butler and Chris Jones, owners and directors of Castle Fine Arts Foundry, which created the statue, and Merlin Crossingham, Bafta@ award-winning creative co-director of Wallace and Gromit at Aardman Animations.

    Nick and Merlin are executive directors and creative directors, respectively, at Bristol-based independent studio Aardman, makers of the Wallace & Gromit films and other beloved brands, including Shaun the Sheep, Creature Comforts, Chicken Run, and Morph.

    Nick Park CBE said:

    “As a proud Prestonian, I couldn’t be more ‘egg-cited’ to see our infamous Feathers McGraw joining Wallace and Gromit in my hometown.

    “I’m not sure how happy Wallace and Gromit will be, though, to have their arch nemesis clutching the limelight.”

    Councillor Matthew Brown, Leader at Preston City Council said:

    “To have Nick Park officially opening our flagship regeneration scheme, Animate, is a genuine honour and landmark moment for the Council and the city. In addition, the new Feathers McGraw statue is a fantastic complement to the Wallace and Gromit bench, which has drawn so many visitors to Preston – its popularity has blown us away.

    “Today heralds a new era for Preston, providing an unrivalled multi-tenanted entertainment and leisure complex for residents and visitors from the wider regionin the ownership of our city.”

    Chris Jones, Director at Castle Fine Arts Foundry added:

    “It was such an honour for us all at the Foundry to be given the opportunity to depict the deliciously malign Feathers McGraw in bronze, having enjoyed creating Wallace & Gromit a couple of years ago.

    “We had felt Feathers ‘wee beady eyes’ upon us in the workshop for a good few months since we completed him, so it was both a relief and a joy to put him where he truly belongs, alongside his arch nemeses in Preston.”

    Animate features The Arc Cinema with eight screens, 16-lane Hollywood Bowl bowling alley with gaming zone, public realm, a socialising unit and 164-space basement car park, alongside leading family restaurant brands Ask Italian, Cosmo, Taco Bell, Argento Lounge and a variety of street food outlets and a cocktail bar in Mad Giant Food Hall, run by Northern Lights Group.

    The scheme was delivered by Maple Grove Developments (MGD), part of Preston-based contractor Eric Wright Group, on behalf of Preston City Council. Commercial property agents Sanderson Weatherall are the estate managers.

    Built on the former indoor market and car park site, Animate is fully owned by Preston City Council and is one of six major projects in Preston’s Harris Quarter Towns Fund Investment Programme, a £200m programme including £20.9m of funding by UK Government to support several regeneration projects.

    The leisure scheme supports the Council’s commitment to Community Wealth Building – a fair, inclusive and ethical approach to fostering sustainable economic development and prosperity for all in Preston – via measures including using locally based businesses and the creation of approximately 300 full and part-time jobs when fully open and 105 apprenticeship weeks worked throughout the construction period to date.

    Opening dates at Animate

    • Argento Lounge – Open
    • Taco Bell – Open
    • The Arc Cinema – Open
    • Hollywood Bowl – opening March
    • Ask Italian – opening early April 
    • Mad Giant Food Hall – coming soon  
    • Cosmo – coming soon

    Visit Animate Preston for more information

    Harris Quarter Towns Fund Investment Programme

    Projects included in Preston’s £200 million Harris Quarter Towns Fund Investment Programme are:

    • Animate – £45m multi-use entertainment and leisure complex anchored by a state-of-the-art cinema and bowling venue next to Preston Markets
    • Educate Preston: The creation of a new Careers and Employment, Information, Advice and Guidance Hub in the Harris Quarter.
    • Renewal of Harris Quarter Assets: Investment to support the redevelopment of publicly-owned buildings in the Harris Quarter to support new cultural and community uses, including Amounderness House.
    • Illuminate and Integrate: A project to deliver improved pedestrian and cycleway infrastructure, street lighting and other public realm improvements within the Harris Quarter.
    • Preston Youth Zone:The development of Preston Youth Zone as a state-of-the-art facility for young people in Preston aged eight to 19.
    • #HarrisYourPlace:The refurbishment of the Grade I listed Harris Museum, Art Gallery & Library, enhancing and protecting the building for future generations.
    • Preston Pop Ups: £1m pop-up programme of events bringing together new temporary event space, artworks and improvements to public realm infrastructure, aimed at boosting visitor activity in the Harris Quarter.

    For more information, visit Invest Preston.

    MIL OSI United Kingdom –

    February 21, 2025
  • MIL-OSI: Orocidin and Syngene Partner to Accelerate Biotech Innovation

    Source: GlobeNewswire (MIL-OSI)

    BEVERLY HILLS, California, Feb. 20, 2025 (GLOBE NEWSWIRE) — Orocidin A/S (“Orocidin”), a subsidiary of Nordicus Partners Corporation (OTCQB: NORD) (“Nordicus” or the “Company”), a financial consulting company specializing in supporting Nordic and U.S. life sciences companies in establishing themselves in the U.S. market, announces a strategic partnership with Syngene International Limited (“Syngene”),

    Syngene’s mission is to work as an extension of its client’s team. Together the teams solve the complex challenges associated with GMP peptide development programs using cutting-edge technology and scalable solutions, while maintaining the highest quality standards. Syngene’s capabilities enable efficient and scalable manufacturing with reduced lead times, ensuring the most robust and streamlined supply chain for future commercialization.

    “We are very impressed with Syngene’s professionalism, commitment to scientific excellence, and ability to deliver high-quality work on time,” said Allan Wehnert, CEO & Founder of Orocidin. “This partnership secures access to highly skilled scientists and state-of-the-art facilities ensuring the development and progress of Orocidin’s QR-01.”

    Alex Del Priore, Senior Vice President – Development & Manufacturing Services, Syngene International Ltd added: “We are delighted to partner with Orocidin in advancing their peptide programs. With a shared focus on speed, scale, and supply chain security, Syngene is well positioned to help biotech companies like Oricidin bring new drugs to market faster and more reliably.”

    For further information, contact:
    Mr. Henrik Rouf
    Chief Executive Officer
    hr@nordicuspartners.com
    Tel +1 310 666 0750

    Investor Relations
    Jonathan Paterson
    Harbor Access Investor Relations
    Jonathan.Paterson@Harbor-Access.com
    Tel +1 475 477 9401

    About Orocidin
    Orocidin’s mission is to develop the preferred treatment against aggressive periodontitis. Our innovative therapeutic agent, QR-01, distinguishes itself through its unique ability to provide treatment of both inflammation and bacterial infection.

    About Syngene
    Syngene International Ltd. is an integrated research, development, and manufacturing services company serving the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors. Syngene’s more than 5600 scientists offer both skills and the capacity to deliver great science, robust data security, and world class manufacturing, at speed, to improve time-to-market and lower the cost of innovation. With 2.2 Mn sq. ft of specialized discovery, development, and manufacturing facilities, Syngene works with biotech companies pursuing leading-edge science as well as multinationals, including BMS, GSK, Zoetis and Merck KGaA. For more details, visit www.syngeneintl.com For the Company’s latest Environmental, Social, and Governance (ESG) report, visit https://esgreport.syngeneintl.com.

    About Nordicus Partners Corporation
    Nordicus Partners Corporation is the only U.S. publicly traded business accelerator and holding company for Nordic life sciences companies. Leveraging decades of combined management experience in domestic and global corporate sectors, Nordicus excels in corporate finance activities including business and market development, growth strategies, talent acquisition, partnership building, capital raising, and facilitating company acquisitions and sales. In 2024, Nordicus acquired 100% of Orocidin A/S, a Danish preclinical-stage biotech company developing next-generation therapies for periodontitis and 100% of Bio-Convert ApS, a Danish preclinical-stage biotech company dedicated to revolutionizing the treatment of oral leukoplakia. For more information about Nordicus, please visit: www.nordicuspartners.com, and follow us on LinkedIn, X, Threads and BlueSky.

    Cautionary Note Regarding Forward-Looking Statements:
    This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 

    The MIL Network –

    February 21, 2025
  • MIL-OSI United Kingdom: Mayor of London’s St Patrick’s Day Festival returns on Sunday 16 March

    Source: Mayor of London

    • London’s St Patrick’s Day parade and Trafalgar Square celebrations to take place on Sunday 16 March
    • Londoners and visitors can look forward to a free, family-friendly afternoon of entertainment in the heart of the capital
    • Paralympic gold medal winning cyclist Katie-George Dunlevy and Olympic gold medal boxer Kellie Harrington will be Grand Marshals of this year’s parade

    The Mayor of London, Sadiq Khan, has today announced that London’s famous St Patrick’s Day Festival and parade will return on Sunday 16 March. The celebrations bring together Londoners and visitors in the heart of the capital to honour the immense contributions of London’s Irish community.

    Irish Paralympic gold medal winning cyclist Katie-George Dunlevy and Olympic gold medal winning boxer Kellie Harrington are this year’s Grand Marshals. Following their incredible success in Paris last year, Katie-George and Kellie will lead the spectacular parade of more than 50,000 people through central London. There will be great floats, marching bands, and dance troupes as the procession weaves its way from Hyde Park Corner, past Piccadilly, Trafalgar Square, and on to Whitehall.

    Trafalgar Square will be the centre of the celebrations with a free afternoon of entertainment hosted by Irish-Indian-Malaysian DJ and broadcaster Tara Kumar. The main stage will feature a wide range of family-friendly performances, including world-class acts Kíla, Irish Women in Harmony, Ragz-CV, and many more.

    Celebrity chef Anna Haugh is returning to demonstrate how to cook Irish culinary delights, and there will be food stalls to suit all tastes.

    This year’s programme includes the Peace Heroines exhibition, an art project which celebrates Ireland’s unsung women heroes. Visitors can also enjoy the Irish Creative Collective Sessions showcasing the best of Ireland’s comedy, music, and film and TV shorts.

    There will be an opportunity to learn traditional Irish dancing steps in the Irish Dance Zone, while in the Children’s Zone Artburst will run free creative workshops using recycled materials to promote sustainability – a key theme for this year’s event.

    On the big screen there will be clips of The Song Cycle, a film that documents Nick Kelly and his band Dogs as they cycled from Dublin to Glastonbury to perform at last year’s festival. They’ll be cycling all the way from Dublin to London to join the parade before performing on the main stage.

    London’s St Patrick’s Day Festival is a wonderful opportunity to experience the warmth, creativity and culture of the capital’s Irish community while celebrating the enduring ties between London and Ireland.

    Mayor of London, Sadiq Khan, said: “London’s St Patrick’s Day celebrations are a key part of our capital’s cultural calendar and I’m delighted that each year the festival gets bigger and better. I’m proud that we host this major event to honour and celebrate Irish culture and the immense contributions of our capital’s Irish community. From business and public service to the arts and culture, Irish Londoners have played – and continue to play – a vital role in shaping the very fabric of our city, making London a better, brighter and more prosperous place for everyone. Lá Fhéile Pádraig Sona Daoibh!”

    Ireland’s Ambassador to the UK, Martin Fraser, said: ““The Embassy of Ireland is delighted to support and be part of this event once again. It is a joyful and diverse celebration of Irish arts and culture, with a fantastic programme devised by our friends at the London Irish Centre.

    “St Patrick’s Day in London is truly special, bringing together not only our Irish community but all friends of Ireland here in Britain, and people from around the world who feel a connection to Ireland. It is also a wonderful way to recognise the contribution of the Irish diaspora to London over so many years.

    “The parade and Trafalgar Square show is consistently a highlight in London’s cultural calendar and one which we are so proud to be part of – made all the more special this year by the presence of our Olympic medallists Grand Marshals: para-cyclist Katie-George Dunlevy and boxer Kellie Harrington. It is an honour to have the opportunity to walk alongside these exceptional Irish athletes. We are also happy to highlight the inclusion this year of the “Peace Heroines” exhibition, a series of portraits by the artist FRIZ celebrating the role of women in the Good Friday Agreement. 

    “I know that this year’s events will be a great success, with thanks to the hard work and creativity of all involved, and with the support of Mayor Sadiq Khan.

    “Beannachtaí na Féile Pádraig oraibh go léir!”

    Grand Marshal, Irish Olympic gold medal winning boxer Kellie Harrington, said: ” I am honoured to be attending as Grand Marshal alongside my good friend Katie George Dunlevy in the London St Patrick’s Day Parade on March 16th. I have always gone to the St Patrick’s Day Parade in Ireland on Dublin’s O’Connell St, this be my first Parade away from home and I am very excited to celebrate it with everyone in London. I look forward to celebrating with you all. “

    Grand Marshal, Irish Paralympic gold medal winning cyclist Katie-George Dunlevy, said: “”I’m really honoured and excited to be part of the St Patrick’s Parade and Festival on March 16th in London. I take such pride in representing our wonderful country on the world stage, at the Paralympics. After such an incredible year, where I came home with three medals and retained my time trial title, this is truly the cherry on top!”

    Séamus MacCormaic, CEO of the London Irish Centre, said: “The London Irish Centre are honoured to be Programme Partner for the London St Patrick’s Festival 2025 and to curate the iconic concert in Trafalgar Square each year. This special event acknowledges and celebrates the contribution of Irish communities to London, and we are proud to be part of this story for the past 70 years. Our Culture Team will bring a diverse programme of Irish arts and culture to the iconic Trafalgar Square and celebrate the creativity and huge contribution of the Irish community in London. We want to thank the Mayor Sadiq Khan and London Authority for working with us. and to everyone who works so hard to make this festival such a huge success.”

    Ger Hayes, Managing Director of the event’s title sponsor Sisk, said: “We are delighted to continue our sponsorship of the London St Patrick’s Day parade yet again this year. 

    “St Patrick’s Day is an excellent opportunity for our diverse workforce, many of whom who are Irish diaspora to come together with their friends and family to celebrate with us. 

    “As an Irish business, it is crucial for us to remain active in the London Irish community. We do a lot of voluntary work in the communities in which we operate and have built an excellent relationship supporting the Kilburn Irish Pensioners group in Brent.  

    “As an Irish business, we have been operating in London since the 1980’s and we have completed many major projects including the redevelopment of the Royal Academy of Arts and we are currently building the new Great Ormond Street Children’s Hospital Children’s Cancer Centre.

    “We would like to wish everyone a Happy St Patrick’s Day!”

    Tourism Ireland’s Acting Deputy Head of Great Britain, David Wood, said: “St Patrick’s Day Festival in London’s Trafalgar Square returns for a fantastic day showcasing the vibrancy of Irish culture, arts, food and community. Join Tourism Ireland in celebrating on the 16th March for the festival’s 22nd year. Visit us on the stand for a warm welcome and to find out the latest news and reasons to visit the island of Ireland in 2025.”

    MIL OSI United Kingdom –

    February 21, 2025
  • MIL-OSI USA: Proposals to Strengthen Mental Health Support

    Source: US State of New York

    Governor Kathy Hocul met with U.S. Representative Dan Goldman and local, Brooklyn-based New York-Presbyterian clinicians to discuss the Governors’ executive budget proposal to strengthen laws that allow providers to issue care and treatment for individuals with severe mental illness.

    B-ROLL of the Governor participating in the roundtable discussion with U.S. Representative Dan Goldman is available to stream on YouTube here and TV quality video is available here (h.264, mp4).

    VIDEO: The event is available to stream on YouTube here and TV quality video is available here (h.264, mp4).

    AUDIO: The Governor’s remarks are available in audio form here.

    PHOTOS: The Governor’s Flickr page will post photos of the event here.

    A rush transcript of the Governor’s remarks is available below:

     It is great to see everybody. And we think about our challenges to our health care system, the disinvestment in mental health for decades that has led us to where we are today, and the people that are on the front lines. The people that you work with. The question becomes, “What can we do to make your jobs easier to protect New Yorkers and keep all of them safe? What changes in law are necessary to get to the results where we don’t have horrific incidents of people being hurt on subways?” But also that people get the compassionate care they deserve, and those are not inconsistent values.

    And I want to thank Congressman Goldman, who has been a real champion in Congress. And he’ll talk about his initiatives, but I have a lot of confidence in his commitment to working with the State to ensure that we’re doing everything we can in our power, funding wise. You know, extraordinary amounts of money have been spent: over $1 billion committed by me my first year, and it’s going into everything from assistance on our subways with SOS teams, to making sure we have more psychiatric beds open to make sure that we have all kinds of treatment paths once someone is discharged so we don’t have people cycle in and out which has happened — and we’ve done a lot.

    And Doctor Sullivan has been my partner in this, and I want to thank her for just being out there and talking to our allies in the community so they understand my priorities. And so we have some suggested ideas on some legislation that I believe will help us help you be able to get the results we need — which is not to cycle people in and out, because the standards are someone needs help, they present themselves in the hospital, but they leave because there’s not determined to be a threat to their health or the health of others; the safety.

    We’re just saying there’s another layer here that you need to look at. Are they able to take care of themselves? Are they starving themselves? Are they living in squalor conditions? Are they not able to take care of their own physical needs? And for us to leave a person on the subway or street in that condition — it seems very cruel to me when we have professionals who know how to take care of them.

    So, that’s what we want to talk about. And I just want to, again, appreciate all of you and our Assemblymember Bobby Carroll here, who’s been a great friend on these issues as well. But I’ll just turn it over to the Congressman and just, you know, talk about some of the work you’re doing.

    But I just want to listen for a few minutes. We’ve got a little abbreviated schedule because— there’s always something, I’ll just say that. We got some, you know, some situation has risen out of Washington that’s independent from everything else in the City. So I need to address that, but I’ll certainly allow the conversation to continue and get back the data.

    But I’m just here to say thank you. Thank you for being out there. It gives me this great sense of comfort to know that you’re out there taking care of our people and bringing them the best services that they deserve. And I’m a New Yorker and I always want to do better. Always raising the bar. That’s how we operate.

    Alright, Congressman.

    MIL OSI USA News –

    February 21, 2025
  • MIL-OSI: Mulberry crosses 1M customers protected and expands to Canada

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — Mulberry, the people-first protection platform, has announced today that along with their Canadian expansion they now have more than one million customers on the platform.

    “Mulberry is on a mission to protect everything customers buy with best-in-class protection and a top-rated customer experience,” said Mulberry CEO Chinedu Eleanya. “As we expand into global markets, we’re excited to continue the transformation of the protection plan industry.”

    Mulberry’s vast catalog of covered products ranges from electronics to furniture to home goods to musical instruments to apparel. Coverage goes beyond product defects covered by a manufacturer’s warranty, protecting customers against accidental damage and issues caused by normal wear and tear.

    “We’ve been heads down over the past few years, focusing on building out our platform and technology,” continued Chinedu Eleanya. “With the launch of our patented Classifier technology and our Obligor infrastructure, in 2025 we’re keen on rapid expansion and are looking forward to sharing more about how we partner with retailers across multiple verticals to embed peace of mind into their customer journey with a cutting edge product protection solution.”

    To learn more about the Mulberry protection plan platform or how you can customize the program for your business needs, visit getmulberry.com or reach out to sales@getmulberry.com.

    About Mulberry
    Mulberry is a people-first product protection platform that offers solutions for retail partners and consumers. Mulberry product protection plans can be purchased directly from Mulberry or through qualified retail partners. Mulberry protects customer purchases from accidental damages and losses with a best-in-class solution that offers simple claims-filing and fast resolutions. To learn more about Mulberry, visit https://www.getmulberry.com.

    The MIL Network –

    February 21, 2025
  • MIL-OSI: BexBack Introduces Double Deposit Bonus, $50 Welcome Bonus and 100x Leverage for Crypto Traders—No KYC Needed

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 20, 2025 (GLOBE NEWSWIRE) — Bitcoin hovers below $100,000, analysts suggest the cryptocurrency market is poised for a long-term period of high volatility. For investors, holding spot positions may no longer suffice to generate significant profits. Recognizing this, BexBack Exchange has launched a groundbreaking offer to empower traders: 100% deposit bonus, $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading—all with a No KYC policy.

    Why 100x Leverage Is a Game-Changer?

    With 100x leverage, you can multiply your trading positions with minimal capital, unlocking unparalleled profit potential. Here’s how it works:

    • Assume Bitcoin is priced at $100,000. By opening a long position with 1 BTC and applying 100x leverage, your trade controls a position worth 100 BTC.
    • If the price rises to $105,000, your profit would be (105,000−100,000)×100÷100,000=5BTC—a 500% return.

    Coupled with BexBack’s 100% deposit bonus, you can further amplify your trading power and increase your opportunities to profit.

    How Does the 100% Deposit Bonus Work?

    The deposit bonus is an exclusive feature designed to enhance your trading experience:

    1. Boost Your Margin: The bonus serves as additional margin, allowing you to take larger positions.
    2. Reduce Liquidation Risk: During volatile markets, the bonus acts as a safety buffer to help maintain your positions.
    3. Profits Are Yours: While the bonus itself cannot be withdrawn, the profits earned using it are fully withdrawable.

    BexBack’s Unique Advantages

    1. No KYC Required: Enjoy fast account setup and anonymous trading without lengthy verification.
    2. 100x Leverage: Amplify your trading power and seize market opportunities with one of the highest leverage offerings.
    3. 100% Deposit Bonus: Double your trading capital and increase your potential returns.
    4. $50 Welcome Bonus: New users can claim $50 in BTC after completing their first trade.
    5. Demo Account: A risk-free 10 BTC demo account allows users to practice strategies and familiarize themselves with the platform.
    6. Zero Spreads and No Slippage: All trades are executed at precise market prices, ensuring cost transparency.
    7. Global Support: Available in the US, Canada, Europe, and beyond, with 24/7 multilingual customer assistance.
    8. Affiliate Rewards: Earn up to 50% commission with no caps or time limits through the platform’s affiliate program.

    About BexBack

    BexBack is a premier cryptocurrency derivatives platform headquartered in Singapore, with offices in Hong Kong, the United States, Japan, and the United Kingdom. The platform is trusted by over 500,000 traders worldwide and holds a US MSB (Money Services Business) license, ensuring compliance with regulatory standards.

    BexBack proudly accepts users from the United States, Canada, and Europe, offering a seamless trading experience regardless of location. With innovative trading tools, robust security measures, and user-friendly interfaces, BexBack caters to both beginners and seasoned traders.

    The platform provides:

    • Comprehensive Futures Contracts: Trade BTC, ETH, ADA, SOL, and XRP with up to 100x leverage.
    • Flexible Accessibility: Available on web and mobile for trading anytime, anywhere.
    • Top-Notch Security: Multi-signature wallets, SSL encryption, and cutting-edge data protection.
    • Transparent Fees: No deposit fees, zero spreads, and simple, straightforward pricing.

    By combining innovation, compliance, and user focus, BexBack ensures a superior trading experience tailored to meet the diverse needs of a global audience.

    Don’t Miss Out—Start Trading Today!

    Whether you’re a seasoned trader or a newcomer, BexBack provides the tools and resources to maximize your crypto trading potential. Take advantage of the 100% deposit bonus, $50 welcome bonus, and 100x leverage to capitalize on Bitcoin’s historic price surge.

    Sign up now and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/28ba5a79-d9c0-411c-a07e-7ba7d0e9eceb
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7520a1f7-3729-453f-a9c7-133ddc805787
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9e2202fc-481a-4027-83a5-05a55f9fe69e
    https://www.globenewswire.com/NewsRoom/AttachmentNg/92270468-2aa7-4b9a-b0ef-8befe201e8ed
    https://www.globenewswire.com/NewsRoom/AttachmentNg/de79609d-bbd7-4706-b6ba-a4611a10d066

    The MIL Network –

    February 21, 2025
  • MIL-OSI: Connyct App, a TikTok challenger Launching Exclusively for College Students, is available for download now on the iOS App Store after its successful test launch

    Source: GlobeNewswire (MIL-OSI)

    As part of its launch, Connyct opens public Crowdfunding Investment Round on WeFunder

    NEW YORK, NY, Feb. 20, 2025 (GLOBE NEWSWIRE) — Got an .edu email? Now students can exclusively join the online social app designed to enhance and enrich college life letting them find each other, share their story, plan and capture social events, and create meaningful connections. College students can download on the iOS app store and secure their handles now.

    To help students create their vibe, Connyct has a growing catalog of hit music thanks to deals with major music labels and publishers. Connyct also exclusively features the first of its kind video invites enabling users to create a video based invite with sync’d music related to what’s happening in their social lives and empower them to plan and promote their events on Connyct. Unlike apps like TikTok and RedNote, Connyct is based in the USA and hosted in the USA on AWS servers. Connyct is centered around privacy and security as opposed to other media companies that harvest data, promote sketchy AI content, or serve endless ads.

    As part of this community-driven ethos, Connyct is raising a crowdfunding round via Wefunder, making the app truly “by the people, for the people.” Investors will have the unique opportunity to help build a revolutionary company that takes a stand against the broken, toxic norms of traditional social media. Through this community crowdfunding round, Connyct is putting power where it belongs—in the hands of its users and fans. Connyct will be shaped by the very people who rely on it, ensuring a future driven by community, transparency, and accountability.

    Matt Berman, CEO and co-founder of Connyct stated, “Connyct is a video based community that champions user privacy and safety, and fosters authentic engagement to bring people together and to ‘Connyct.’ To further achieve this we are giving our users a piece of ownership of the app from its earliest stages.”

    View the campaign at WeFunder.com/connyct.

    About Connyct

    Connyct (connyct.com) is revolutionizing social networking for the college generation by connecting people to their passions. Unlike traditional social networks, Connyct addresses the craving for closer connections and streamlined community coordination by empowering students to create vibrant communities, discover events, and forge meaningful connections around shared interests and experiences. Our comprehensive suite of tools includes an innovative Events Center, group creation capabilities, and a creative toolkit for video, messaging, and music content. With an extensive library of licensed music clips, Connyct enhances every aspect of the college social experience.

    Media Contact
    Jonathan Streetman
    Senior PR Strategist
    (646) 921-0410
    jonathan@rockpaperscissors.biz

    END

    The MIL Network –

    February 21, 2025
  • MIL-OSI: BitLyft Supports Small Banks with Robust Cybersecurity Solutions and Services that Mitigate Risks

    Source: GlobeNewswire (MIL-OSI)

    ST. JOHN’S, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) — BitLyft, a leading managed detection and response provider (MDR) offering a holistic defense approach, helps small banks protect sensitive customer data, ensure compliance with regulations, and minimize the impact of cyberattacks. BitLyft’s MDR services combine advanced technologies and expert analysis to detect threats in real-time, helping small banks stay ahead of evolving cyber risks.

    “Small banks often have limited budgets and resources, causing them to struggle with sufficient cybersecurity programs,” says Jason Miller, Founder and CEO of BitLyft. “With banks handling sensitive financial data and processing transactions around the clock, robust cybersecurity programs are essential to maintain trust, secure financial transactions, and protect customer data from potential threats.”

    Small banking institutes struggle with the following:

    • Business Email Compromise – Employees are prime targets for phishing, business email compromise, and voice phishing. According to a study from Deloitte, 91% of all cyber attacks begin with a phishing email.
    • Meeting FFIEC Guidelines – FFIEC requires small banks to protect sensitive information through encryption, access controls, and incident response procedures.
    • Monitoring the NIST Cybersecurity Framework requires banks to identify vulnerabilities, improve resilience, stay compliant, and regularly detect and respond to suspicious activities.

    BitLyft’s services for small banks include:

    • Minimizing Business Email Compromise by continuously monitoring email traffic and user behavior for anomalies and enforcing strong email authentication policies.
    • Meeting Compliance Requirements by automating audit logs, security event tracking, and regulatory reporting, which is essential for FFIEC guidelines.
    • Continuous monitoring so that banks comply with regulations like the NIST updated framework that demands regular cyber risk monitoring, ensuring banks have real-time threat detection, automated incident response, and continuous compliance support.

    A mid-sized financial institution faced several cybersecurity challenges, primarily managing its small IT team and maintaining compliance with regulatory standards. The financial institution struggled with cybersecurity threats, including phishing campaigns, account compromises, and user access management issues. In addition to the external threats, their small internal IT team could not effectively manage and monitor their security environment. BitLyft stepped in to provide a tailored solution to improve the bank’s overall security posture, gain better visibility into its network, and conduct proactive testing of its defenses through purple team exercises. Through BitLyft’s tailored solutions, the bank is now well-positioned to handle internal and external threats more efficiently and confidently.

    About BitLyft

    BitLyft enables utilities and corporations to meet regulatory and audit mandates for SOC2 Compliance. The venture’s managed detection and response (MDR) services with an Automated Incident Response (AIR) platform can be implemented cost-effectively and quickly. Prioritizing tech-powered yet high-touch cybersecurity solutions creates a holistic defense, giving clients unwavering confidence; BitLyft staff pledge to prioritize and protect every client. For more information, visit www.bitlyft.com.

    For More Information, Contact:
    Becky Boyd
    MediaFirst
    Cell: (404) 421-8497
    Becky@MediaFirst.Net

    The MIL Network –

    February 21, 2025
  • MIL-OSI USA: Durbin: President Trump Is A Pushover For Russian President Vladimir Putin

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    February 19, 2025
    On the Senate floor, Durbin condemns President Trump’s attacks on Ukrainian President Zelenskyy
    WASHINGTON – In a speech on the Senate floor, U.S. Senate Democratic Whip Dick Durbin (D-IL) Co-Chair of the Senate Ukraine Caucus, spoke on the Senate floor condemning President Donald Trump after he publicly attacked Ukrainian President Volodymyr Zelenskyy. Further parroting a Kremlin propaganda point, President Trump also falsely claimed that Ukraine started the war against Russia.
    “Three years ago, the Russian invasion of Ukraine was not a partisan issue in the United States. Congressmen and Senators on both sides of the aisle agreed on the basic facts—Russia was waging an unprovoked, illegal war and must be stopped at all costs. And for the past three years, we have supported Ukraine with the funding it needed to beat back Russian aggression and defend the frontline of democracy in Europe. And the Ukrainian people have done just that—46,000 Ukrainian lives have been lost—46,000 defending their nation against Putin,” Durbin said. “President Trump is a pushover for Russian President Vladimir Putin, always has been and will always be. Since Trump took office, he has played right into Putin’s hands, the outrageous comments he posted today on Truth Social make that painfully clear.”
    In the post, President Trump claimed the U.S. was “duped” into spending billions to help Ukraine defend itself following Russia’s 2022 full-scale military invasion and that President Zelenskyy is a “dictator without elections.”
    “Can you believe that? An American President selling out a democratic leader bravely defending his country from an actual dictator—Putin, a former KGB apparatchik at that? It is insulting to say that. It is shameful. But from this President, it is no surprise,” Durbin continued. “President Trump is doing nothing more than parroting Kremlin propaganda and spreading lies that Putin whispers into his ear. I could call on Trump to apologize to the people of Ukraine who have suffered so much, but it would be a waste of breath. Let me be clear to President Trump, you don’t make America great by selling out our nation and allies to a Russian dictator. Most of my Republican colleagues know this… but it’s time now for them to speak up.” 
    Durbin concluded his speech by reflecting on President Abraham Lincoln in which he stated when referring to the Civil War, “Both parties deprecated war; but one of them would make war rather than let the nation survive, and the other would accept war, rather than let it perish. And the war came.”
    “Putin has made war rather than let Ukraine survive and Ukraine has had no choice but to accept war rather than see itself perish.  And President Zelenskyy and the Ukrainian people have led that noble effort with strength, fortitude, and determination. As their ally, as a fellow democracy, as a nation committed to freedom—the United States of America has an obligation to stand by Ukraine—not to appease Putin,” said Durbin.
    Video of Durbin’s remarks on the Senate floor is available here.
    Audio of Durbin’s remarks on the Senate floor is available here.
    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.
    -30-

    MIL OSI USA News –

    February 21, 2025
  • MIL-OSI USA: Durbin Criticizes Trump And Musk For Dismantling Of USAID And Harming American Farmers In Senate Floor Speech

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 19, 2025

    In his remarks, Durbin also debunked Kremlin-fostered falsehoods about USAID that have been circulated by Trump, Musk, and foreign adversaries and called on Republicans to speak up

    WASHINGTON – In a speech on the Senate floor today, U.S. Senate Democratic Whip Dick Durbin (D-IL) criticized President Trump and Elon Musk’s ill-advised mission to dismantle the U.S. Agency forInternational Development (USAID)—the largest distributor of humanitarian aid in the world.  Consequently, programs that provide clean drinking water, treat debilitating disease, and advance human rights have been shut down, recklessly gutting American soft power and providing a huge strategic opening to China. 

    “This month, President Trump and Elon Musk attempted to dismantle USAID, the largest distributor of humanitarian aid on this earth.  Musk was gleeful when he said we are ‘feeding USAID to the wood chipper,’” Durbin began.

    Durbin then listed the critical programs housed under USAID, which have since shuttered.  USAID has provided clean water in Haiti and Jordan, helped fight malaria and tuberculosis in Kenya and Uganda, and supported human rights programs in countries such as Burma, China, Iran, North Korea, and Sudan.  The agency has also provided economic assistance to Central America to address the root causes of migration and counter the flow of fentanyl in to the U.S., in addition to leading campaigns to counter disinformation from Russia and China to protect U.S. national security interests.

    Despite blatantly inaccurate claims from President Trump and Musk, USAID funding makes up only one percent of the federal budget and billions of those aid dollars flow back into the American economy.  Furthermore, these programs have a long history of broad bipartisan support in Congress.  In Illinois, these cuts have forced the closure of the Soybean Innovation Lab at the University of Illinois.  As a result, 30 experts will lose jobs that were dedicated to expanding international soybean markets, at a time when Illinois ranks number one in the U.S. for soybean production, and new markets are critical foraddressing low soybean prices.

    “Not only are these cuts to USAID a betrayal of American values to satisfy the narcissism of Elon Musk, but they hurt innocent people, and they hurt American farmers… who, for decades, have helped provide such critical and strategic food aid,” Durbin continued.  “Not only is this sweeping aid cut illegal and counterproductive, but it hurts American farmer in Illinois, Kansas, Louisiana, Nebraska, Iowa, Texas, Wisconsin, and many other states.   American farms supply more than 40 percent of the food aid that USAID distributes around the world.  And now, hundreds of millions of dollars’ worth of such commodities are stranded in ports, rotting away at the direction of the new administration.”

    In addition to hurting the U.S. economy, halting foreign aid has endangered global programs that have helped stem pandemics and supported clean water and sanitation programs.

    “Programs like PEPFAR have been a key example of humanitarian success abroad.  It was started by President George W. Bush, a Republican president, who wanted to curtail the AIDS epidemic ravaging many parts of the world, including Africa.  PEPFAR and the Global Fund have saved more than 25 million lives so far,” Durbin said.  “But because of President Trump’s directive, it’s been halted… People will die as a result of this political decision.”

    “In the last decade, USAID clean water and sanitation programs have provided more than 70 million people with first-time sustainable access to clean water…  These programs that have a six-to-one return in dollars saved in health, economic, and education,” Durbin continued.  “But because of the President’s directive, innocent people across the world will suffer, and America’s reputation will be weakened, not made stronger.”

    Durbin concluded his remarks by debunking lies about foreign aid, including falsehoods amplified by Russia, China, and other adversaries.  Durbin referred to a fabricated video created by a private company with links to the Kremlin, which falsely claimed that celebrities were paid by USAID to visit Ukraine.

    “The Russian influence campaign was reposted on Twitter by Elon Musk, no surprise, and became a viral disinformation rallying cry against USAID.  But it was false—like so many of the allegations of supposed outrages by USAID,” Durbin said.  “And yet, this kind of nonsense is used by Mr. Musk to justify gutting entire congressionally-appropriated American soft power programs, while many of my Republican colleagues, virtually all of them, sit silently.”

    “This Senate, Republicans and Democrats, cannot afford to roll over, play dead, and hand over congressional authority on these bipartisan programs and on larger constitutionally-designated Congressional appropriations powers,” Durbin concluded.

    Video of Durbin’s remarks on the Senate floor is available here.

    Audio of Durbin’s remarks on the Senate floor is available here.

    Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.

    -30-

    MIL OSI USA News –

    February 21, 2025
  • MIL-OSI Economics: Meet Your Ultimate AI Companion — 5 Things to Know about the Samsung Galaxy S25 Series

    Source: Samsung

    Welcome back to our first Things to Know series of 2025! We’ve partnered with the Samsung Care team to dive into the all-new Samsung Galaxy S25 Series, packed with cutting-edge AI features designed to transform the way you use your phone.
    Available now, the Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25 aren’t just smartphones—they’re your ultimate AI companions. Powered by Galaxy AI1, these devices set a new standard for intuitive, context-aware, and personalized mobile experiences. Your phone adapts to you, making every interaction smoother, smarter, and more secure.
    Ready to see how the Galaxy S25 Series simplifies, enhances, and sparks creativity in your everyday life? Here are five must-know features that take mobile AI to the next level.
    1. Take Control: Customize Your AI Data Processing Privacy
    In the AI era, personalization and privacy go hand in hand. With the Galaxy S25, your data is securely analyzed on your device, delivering tailored experiences that match your preferences—without compromising privacy.
    Want maximum privacy? Keep everything on-device. Prefer faster AI-powered results? Opt for secure cloud processing. Simply go to Settings > Galaxy AI > Data Processing and choose what works best for you. No matter which option you select, your data remains protected with advanced encryption and industry-certified safeguards from Samsung Knox Vault—so you can enjoy a smart, seamless, and secure AI experience with confidence.

     2. Stay Ahead: Get Proactive Updates with Now Brief
    Keep your phone one step ahead with Now Brief on the Galaxy S25. This smart assistant delivers real-time updates—weather, news, routines and more—right from your lock screen.
    To get started, sign in to your Samsung and Google accounts, then go to Settings > Galaxy AI > Now Brief. Customize your feed by selecting the content you want to see. Enable “Show Now Brief while phone is locked” for instant updates without unlocking your device. Once set up, your Now Brief widget will appear on the lock screen, giving you a personalized snapshot of your day—keeping you prepared for what’s next.

    3. Express Yourself: Create Your Own Galaxy Avatar
    Add a personal touch to your messages, photos, and GIFs with your very own Galaxy Avatar on the Galaxy S25.
    To get started, go to Settings > Advanced Features > Galaxy Avatar and tap Create New Avatar. Choose a suggested avatar, snap a photo, or upload an image from your gallery. Then, customize every detail—eye color, hairstyle, facial features, and outfit—to make it truly yours.
    Once you’re done, explore fun ways to use your avatar. Add personality with Avatar Stickers for your gallery, profile pic, and messages, or use Avatar Camera to insert your digital self into selfies. You can even send expressive GIFs in Messages—just tap the smiley icon, select your Galaxy Avatar, and send it off. With Galaxy Avatar, your digital self is as expressive and stylish as you!

     
    4. Polish Your Sound: Clean Up Video Audio with Audio Eraser
    Galaxy S25 brings advanced editing tools once reserved for specialized software right to your fingertips. With Audio Eraser, you can now easily remove unwanted noise in videos by isolating and adjusting different sound categories—voices, music, wind, nature, crowd noise, and more.
    To get started, sign in to your Samsung and Google accounts for the best Galaxy AI experience. Then, go to your Gallery, select a video, and play it. Tap Galaxy AI, then confirm with OK on the Audio Eraser pop-up. From here, adjust the volume of voices and noise, or tap Auto to let Galaxy AI automatically clean up the sound. You can also manually tweak the levels for precise editing. Once you’re satisfied, tap Save Copy to keep your improved audio. With Audio Eraser, you’re in full control of your video’s sound, ensuring a polished, professional result every time!

     5. Enhance Your Images: Get Sharper Details with Photo Editing
    The Galaxy S25 lets you zoom in and edit your photos without losing quality, bringing out sharper, clearer details.
    To get started, open your Gallery, select a photo, and tap Edit. Zoom in on the details you want to enhance and adjust the framing. When you’re happy with your edits, tap Save. You’ll be prompted to keep the current resolution or upscale for more vibrant, detailed images — though it’ll take up more space. With Photo Upscale, you can always dive into the finer details of your photos, making them clearer and more vibrant, no matter how much you zoom in!

    The Galaxy S25 Series is available on Samsung.com, at Samsung Experience Stores, and at major carriers and retailers. For information on the latest offers, please visit: samsung.com/us/smartphones.
    Learn how Samsung Care protects your Galaxy devices. For more information about Galaxy S25 Ultra, S25+, and S25, please visit: Samsung US Newsroom or Samsung.com.
    B2B Customers can learn more about Galaxy S25 Ultra, S25+, and S25 on Samsung.com/business.
    Interested in switching to Galaxy? Head over to https://trygalaxy.com/ to try it out for yourself!

    MIL OSI Economics –

    February 21, 2025
  • MIL-OSI Economics: Refresh & Re-energize with Spring Savings on Samsung AI Tech

    Source: Samsung

    Warmer weather is right around the corner, but the transition from winter to spring offers more than green grass and chirping birds. It’s a time to refresh your space and re-energize your routines. To kick off the springtime celebrations, save up to 40%1 on Samsung tech that seamlessly connects during the Discover Samsung Spring Sale.
    From March 3 – 9, get ready to shop weeklong offers, deals of the day and big savings on bundles to power your passions.
    We know that cost savings and convenience are top of mind when it comes to AI in your appliances,2 and want to help turn your dream smart home into a reality. Whether you’re trying to find more “me” time, be more productive or save more, Samsung’s AI-powered tech is designed to help transform your everyday life into a better tomorrow.
    Wondering where to begin? Download the Samsung Shop App to unlock Early Access to exclusive offers beginning on March 1.
    Get a head start on your wish list with a sneak peek at upcoming offers below, and explore some of our favorite ways to make the most of your AI tech.
    To help cut down on costs, use power-saving features for your home appliances like AI Energy Mode. Located in the SmartThings App,4 AI Energy Mode helps reduce your energy consumption through real-time monitoring and AI-based energy-saving adjustments. For example, intelligently adjusting your refrigerator’s compressor speed, defrost cycles and temperature settings to reduce energy use during operation.
    Weeklong Deal: Bespoke AI Laundry Combo All-in-One: Save $1100 (promo price: starting at $2199)
    Deal of the Day 3/4: Bespoke AutoRelease Smart 42dBA Dishwasher with StormWash + and Smart Dry: Save $350 (promo price: starting at $549)

    To workout smarter and rest easier, let your tech take the lead on your wellness journey. Keep better track of your workouts and get deeper health data when you pair your Galaxy Ring and Watch to the Samsung Health app, including Heart Rate Tracking5 that filters out your body’s movements for a more accurate reading. And after a long day, recover with advanced sleep insights from your Galaxy Ring, including Energy Score and Wellness Tips powered by Galaxy AI.6
    Weeklong Deal: Galaxy Ring: Save $250 with eligible trade-in10 (promo price: starting at $149.99)
    Weeklong Deal: Galaxy Watch7: Save $200 with eligible trade-in10 (promo price: starting at $99.99)
    To eat healthier without the hassle, explore convenient Samsung Home AI features. AI Vision Inside7 helps you keep track of many items that go in and out of your fridge and automatically updates your food inventory list on the SmartThings app. When you’re ready to cook, get personalized recipe recommendations, search for follow-along video recipes and even access some of your favorite apps to multitask from the 7” AI Home Display on your Bespoke Range.
    Weeklong Deal: Bespoke 4-Door Flex Refrigerator (29 cu. ft.) with AI Family Hub + and AI Vision Inside : Save $1800 (promo price: starting at $3199)
    Deal of the Day 3/6: Bespoke Smart Slide-in Induction Range with AI Home & Smart Oven Camera: Save $1100 (promo price: starting at $2299)

    To learn faster, use Galaxy AI8 to transform your tech into a productivity powerhouse. Use Call Transcript9 on your Galaxy S25 to easily to remember important details and tasks for your to-do list. Call Transcript records, transcribes and summarizes your calls to generate automated notes to help keep you on track. And with Note Assist on your Galaxy Tab, you can record a lecture or meeting audio and let Galaxy AI transcribe, organize and even summarize your notes for you.
    Deal of the Day 3/3: Galaxy S25 Ultra: Save up to $1120 with eligible trade-in credit10 (promo price: starting at $1099.99)
    Weeklong Deal: Galaxy Tab S10 Ultra: Save up to $1000. Get up to $800 instant trade-in credit or up to $400 instant trade-in credit with any tablet trade-in. Or, get up to $180 off without trade-in, plus Galaxy Buds2 on us (promo price: starting at 1199.99
    To elevate your entertainment, take advantage of Samsung AI TV and audio innovations. Keep up with all the action like never before with AI Motion Enhancer Pro tracking hard-to-see objects. And with 8K AI Upscaling Pro11, sit back, relax and witness the power of your favorite classics being upscaled into stunning 8K resolution. For an even more cinematic experience, pair your TV with a Samsung soundbar designed with epic AI audio features and connectivity options.
    Deal of the Day 3/5: 85″ Class Samsung Neo QLED 8K (QN900D): Save $2700 (promo price: $5299.99)
    Weeklong Deal: Q-series 3.1.2 ch. Dolby ATMOS Soundbar w/ Q-Symphony: Save $270 (promo price: $329.99)
    We can’t wait to see how Samsung AI powers your everyday, everywhere. Be sure to check back for more ways to shop and save during the Discover Samsung Spring Sale.
    For information on the latest offers, visit Samsung.com.

    1 Eligible products, as well as terms and conditions, will be available on Samsung.com when the promotion begins on March 3.
    2 Source: December 2024 among 1,004 U.S. adults 18 to 65 conducted by IPSOS on behalf of Samsung.
    3 6/15/24 – 12/31/24, Promotional discount applies while supplies last when making your first qualifying purchase in the Shop Samsung App ($500 first order minimum). This offer is available to direct consumers only, Business customer accounts are not eligible. Void where prohibited or restricted by law. Samsung reserves the right to modify or discontinue offers at any time by posting notice on the app or website.
    4 SmartThings app available on Android and iOS devices. Wi-Fi connection and Samsung account required.
    5 The heart rate software functions are not intended for use in the diagnosis of disease or other conditions, N in the cure, mitigation, treatment or prevention of disease.
    6 Galaxy AI features on wearables track data and require compatible Samsung Galaxy AI phone, Samsung Health app and Samsung account.
    7 AI Vision Inside can recognize and automatically label 33 unobscured fresh food items such as select fruits and vegetables; other items may be manually labeled. Results vary by manner of placement. Wi-Fi connection and Samsung account required. Visit Samsung.com for more on AI Vision Inside and compatibility.
    8 Galaxy AI features will be provided for free until the end of 2025 on supported Samsung Galaxy devices.
    9 You must comply with local laws related to recording calls. Recordings and transcripts are stored on your device. Wi-Fi connection and Samsung account required.
    10 For a limited time only, on Samsung.com/Shop Samsung App, or purchase a new qualifying Galaxy device (“Qualifying Purchase”), send in your qualifying trade-in device to Samsung through the Samsung Trade-In Program, and if Samsung determines your trade-in device meets all eligibility requirements, you will receive a trade-in credit specific to your qualifying trade-in device to apply toward your Qualifying Purchase. Device models that currently qualify for trade-in and trade-in credit amounts associated with those models are available on Samsung.com and the Shop Samsung App; eligible models and amounts may change at Samsung’s sole discretion. To be eligible for trade-in, your qualifying device must meet all Trade-In Program eligibility requirements, which include, but are not limited to, that the device powers on, holds a charge, and does not power off unexpectedly; has a functioning display; has no breaks or cracks in the screen (unless a cracked screen offer applies); has no breaks or cracks in the case; has no liquid damage (whether visible or not); has no other defects that go beyond normal wear and tear; is not on a black list; has a verified FCC ID; has been reset to factory settings; has all personal information removed; has all software locks disabled; and is owned by you (leased devices are not eligible). Anticipated trade-in value will be applied as a credit at time of purchase, but, if you do not send in your trade-in device within 15 days of receipt of your Qualifying Purchase, you will be charged back for the trade-in credit applied to your purchase, or if you send in your trade-in device within 15 days of receipt of your Qualifying Purchase but Samsung determines your device does not meet all eligibility requirements, you will be charged back for the trade-in credit applied to your purchase minus $25. Participation in this program does not excuse you from contracts with your carrier or retailer (or any related payments or fees) for the device that was traded in. Limit 1 trade-in per Qualifying Purchase. Samsung reserves the right to modify or discontinue this offer at any time. The Trade-In Program cannot be combined with any other Samsung, carrier or retailer promotions, discounts, or offers unless specifically provided for in the terms and conditions of such offers. Additional terms, including terms that govern the resolution of disputes, apply. Visit Samsung.com for more.
    11 Uses AI-based formulas to upscale content to 8K

    MIL OSI Economics –

    February 21, 2025
  • MIL-OSI: Quantum Computing Solutions Big Influence on Commercial & Military Drone Applications Drastically Improving Operations

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Recent reports on the quantum computing market all seem to project substantial growth for years to come and will enter into a multitude of uses… including drones. A recent International Conference of Intelligent Computing & Optimization Conference paper, titled “Enhancing Privacy and Security for UAV and IoT Enabled Drones an Intelligent Integration of Blockchain, AI, and Quantum Computing” had this to say, in part: “Unmanned aerial vehicles (UAVs) and drones have seen an upsurge in their usage in various industries due to the advancement of the Internet of Things (IoT). Nevertheless, the extensive use of these technologies has given rise to concerns over privacy, data integrity, and security. This research presents a pioneering approach to tackle these challenges by amalgamating Blockchain technology, artificial intelligence (AI), and quantum computing. By virtue of its decentralized and immutable nature, blockchain can safeguard data integrity for UAVs and drones. A blockchain-based system can store all drone data transfers on distributed ledgers, thus enhancing transparency and reducing the risk of malicious tampering. The use of AI can significantly benefit drone operations and decision-making. AI systems empower drones to dynamically reroute themselves, predict potential security hazards, and adapt to new situations. Furthermore, AI’s real-time data processing can enhance anomaly detection and response times. Quantum computing, although still in its nascent stages, furnishes unparalleled processing capability. Drone data encryption is almost unfeasible to decrypt using conventional computing methods, as per quantum-enhanced security protocols that can be devised owing to quantum physics.”   Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), D-Wave Quantum Inc. (NYSE: QBTS), Quantum Computing Inc. (NASDAQ: QUBT), IonQ (NYSE: IONQ), Quantum Corporation (NASDAQ: QMCO).

    The article continued: “Additionally, quantum computing can expedite complex route enhancements, thereby considerably augmenting drone output. The amalgamation of Blockchain, AI, and Quantum Computing has provided a comprehensive solution to the privacy and security apprehensions concerning UAVs and IoT-enabled drones. The forthcoming drone operations are expected to reap the benefits of the most promising features of these technologies, thereby elevating the benchmark for efficiency, openness, and safety. This study’s investigation provides insights into the advantages… of these integration mechanisms. An Abstract from yet another scholarly paper on ScienceDirect.com titled: “Futuristic view of the Internet of Quantum Drones: Review, challenges and research agenda”, said this: “The disruptive technology of unmanned aerial vehicles (UAVs), or drones, is a trend with increasing applications and practical relevance in the current and future society. Despite the common interest in drones for commercial deliveries, the use of this disruptive technology can be examined in the contexts of other world strategic demands such as climate change issues and traffic management. As of very recently, some drone-related futuristic disruptive technologies, including quantum drones (QD), the Internet of Quantum Drones (IoQDs), and a constellation of quantum satellites (CQS), are expected to be a breakthrough technology in strategic areas of society.”

    ZenaTech (NASDAQ:ZENA) Quantum Computing “Sky Traffic” Project Demonstrates High Accuracy in Initial Testing Leading to Expansion of Team and AI Drone Applications for Commercial and Defense – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces positive results from initial testing and an update on its Quantum Computing Sky Traffic project. An initial test using the Company’s AI algorithms and quantum computing to predict weather has resulted in a high level of accuracy for the parameters tested including actual temperatures verses predicted temperatures in the test which used 2016 data.

    Due in part to these encouraging results, ZenaTech is now growing its internal team over the next two months. As part of the ramp up, the Company is adding additional quantum, AI and hardware engineers, and optimization specialists and is engaged in recruiting staff from physics facilities at international universities, including researchers, instructors, and Ph.D. candidates.

    “The Sky Traffic project leverages AI and quantum computing to process vast data streams to improve the accuracy and speed of weather forecasting that can also apply to the innovation of many other commercial and defense applications utilizing drones. Our hiring strategy focuses on assembling a multidisciplinary team of quantum and AI specialists, and hardware and aerospace engineers to help us revolutionize autonomous drones. By combining quantum algorithms with advanced machine learning, we can optimize navigation, decision-making, and real-time data processing for next-generation aerial intelligence,” said CEO Shaun Passley, Ph.D.

    ZenaTech launched the Sky Traffic project in November 2024, which will utilize its AI drones, quantum computing, and specialized quantum and AI teams to develop and test advanced applications for traffic management, weather forecasting, wildfire management and defense applications using large datasets, Amazon Web Services, and computing devices and platforms.

    AI Drones are used in weather forecasting to collect real-time atmospheric data from hard-to-reach areas, such as storm systems or remote regions, providing valuable input for weather models. Quantum computers can then analyze this vast and complex data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events like hurricanes, tornadoes, or wildfires.

    AI and quantum computing can work together to make defense drones smarter, faster, and more efficient using a single drone or a swarm of multiple drones. AI helps drones analyze data, recognize objects, and make decisions on their own, while quantum computing can process massive amounts of information much faster than regular computers. For example, a defense drone using AI can detect enemy movement, but adding quantum computing allows it to analyze complex battlefield data instantly and find the best flight path or strategy in real time. This combination improves reaction speed, mission accuracy, and overall drone performance, making them more effective for surveillance, reconnaissance, and security operations.

    Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds.

    The ZenaDrone 1000 is a multifunction autonomous drone, in a VTOL (Vertical Takeoff and Landing) quadcopter design with eight rotors; it is considered a medium-sized drone measuring 12X7 feet in size. It is designed for stable flight, maneuverability, heavy lift capabilities up to 40 kilos, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial and defense use for a variety of inspection, surveillance or tracking applications.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    D-Wave Quantum Inc. (NYSE: QBTS) and the Julich Supercomputing Centre (“JSC”) at Forschungszentrum Julich (“FZJ”) have recently announced that FZJ has purchased a D-Wave quantum computer, becoming the first high-performance computing (HPC) center in the world to own a D-Wave Advantage(TM) annealing quantum computing system.

    With the purchase of the world’s largest quantum computer and Europe’s first quantum computer with more than 5,000 qubits and 15-way connectivity, the Julich UNified Infrastructure for Quantum computing (JUNIQ), a public quantum computing user facility deployed by JSC, gains complete access to all aspects of the system. This will allow it to integrate the D-Wave system with Julich’s JUPITER exascale supercomputer in the future, potentially enabling breakthroughs in areas such as artificial intelligence (AI) and quantum optimization. JSC’s system will be upgraded to D-Wave’s next-generation Advantage2 processor once available. The Advantage2 system is expected to deliver significant performance gains with doubled coherence, increased connectivity and a 40 percent boost to the energy scale for advanced problem solving.

    Quantum Computing Inc. (NASDAQ: QUBT) recently announced it has received a fifth purchase order for its thin film lithium niobate (TFLN) photonic chip foundry. The latest order comes from a research group based in Canada to support its research efforts on quantum photonics.

    As part of the order, QCi will provide the research group with custom test structures based on its TFLN photonic integrated circuit (PIC) chip technology. These test structures will serve as a baseline for advanced designs, such as periodically poled lithium niobate (PPLN) components, which are essential for generating entangled photons and optical frequency conversion. Under this order agreement, the research group will also receive priority access and preferred rates for future multi-project wafer (MPW) runs offered by QCi.

    IonQ (NYSE: IONQ) and General Dynamics Information Technology (GDIT), a business unit of General Dynamics, recently announced a partnership to bring the power of quantum computing to government and defense sectors.

    IonQ and GDIT are partnering to combine GDIT’s deep technical and government agency mission expertise with IonQ’s pioneering quantum technology. Together, the companies will co-develop and market advanced quantum processing and networking applications to address high-impact use cases, including quantum AI extensions, resource optimization, and anomaly detection. This collaboration aims to deliver transformative capabilities for federal, and state governments, meeting critical challenges with cutting-edge solutions.

    Quantum Corporation (NASDAQ: QMCO) recently announced scalability enhancements to its Quantum Myriad® all-flash file system, making it the first solution to offer incremental, in-place system scaling with dynamic, automatic data leveling. These advancements deliver unmatched flexibility and adaptability in a modern, all-flash file system so customers can meet their evolving storage requirements in the era of AI.

    The new scalability features enable customers to start with as few as five partially populated NVMe Storage Server nodes, then expand in increments of one or more nodes at a time with the additional storage available in minutes, with no need for admin intervention, and no impact or interruption to user operation. Customers will be able to continue adding nodes as their needs grow, increasing capacity while maintaining linear performance with automatic data leveling across all nodes as new Storage Server nodes are added.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:
    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network –

    February 21, 2025
  • MIL-OSI: Intapp DealCloud named Deal Origination Solution of the Year: Credit at the Private Equity Wire European Awards 2025

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Intapp DealCloud was named Deal Origination Solution of the Year: Credit at the Private Equity Wire European Awards 2025. Chosen by industry voters, these awards recognize fund managers and service providers driving innovation, transformation, and growth across the European private markets landscape.

    Shortlisted nominees were selected by a judging panel of European-based general partners and other key industry participants. This year, more than 7,000 votes were submitted by readers of Private Equity Wire across the service provider categories. Winners were announced and celebrated at a gala on February 13 in London.

    “We’re honored to once again be recognized as a winner at the Private Equity Wire European Awards — this time for our excellence in deal origination,” said Rudy Saad, Global Head of Private Equity and Private Capital Markets at Intapp. “This award serves as a testament to our continued ability to develop leading, industry-specific AI-powered solutions that empower dealmakers to originate both investments and investors — ultimately strengthening their competitive market positioning and driving their commercial growth.”

    DealCloud is a data-powered platform designed to help enterprise private credit firms accelerate deals, optimize portfolio performance, improve collaboration, and make better-informed decisions — all from a centralized hub. With AI capabilities, automated data capture, and integrated market intelligence, DealCloud helps teams work more efficiently by consolidating data, automating processes, and generating actionable intelligence. As a result, teams have more time to focus on strengthening their networks and sourcing more opportunities.

    Learn how Intapp DealCloud helps firms successfully source and close deals and achieve long-term success at intapp.com/dealcloud.

    About Intapp
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on X, formerly Twitter (@intapp) and LinkedIn.

    Intapp
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com
    678-909-0703

    The MIL Network –

    February 21, 2025
  • MIL-OSI: Women Founders Face Persistent Funding Gaps—Philadelphia Event Aims to Accelerate Action

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, Feb. 20, 2025 (GLOBE NEWSWIRE) — In recognition of International Women’s Day and its 2025 theme, “Accelerate Action,” Keiretsu Forum MST and Pennovation Works will host the Women Founders Showcase on March 5, 2025. This event will bring together investors, entrepreneurs, and business leaders to address the critical funding gap for women-led startups and highlight opportunities for investment, mentorship, and collaboration.

    Despite progress in entrepreneurship, women-led startups continue to receive less than 2% of venture capital funding annually, according to PitchBook. The Women Founders Showcase aims to address this disparity by connecting investors with women-led companies that are actively raising capital and driving innovation in their respective industries.

    Event Details:
    Date: March 5, 2025
    Location: Pennovation Works, Philadelphia
    Time: 1:30 PM – 5:30 PM
    Registration: https://bit.ly/AccelerateAction

    The event will feature six presenting companies who are actively funding, a keynote from Mellie Chow, and a panel discussion with seasoned investors and founders. Mellie Chow, a venture partner at Archangel Axion Fund, has spent over 20 years investing in and advising early-stage companies. Her keynote, “What IFF We Could Accelerate Action?”, will challenge investors, founders, and funders to drive meaningful change in startup funding.

    Presenting Companies:

    • Actuated Medical (Maureen Mulvihill) – Developing motion-based medical devices for precision healthcare.
    • Relavo Medical (Sarah Lee) – Innovating safer, at-home dialysis solutions.
    • Couplet Care (Stacie McEnyre) – Enhancing maternal and infant care through patient-centered innovations.
    • InnovoTex (Krystle Karoscik) – Advancing drug delivery for hard-to-treat cancers.
    • ConferenceConnect.com (Ashley Wilson) – A platform improving networking and collaboration at professional events.
    • Baleena (Julia Yan) – Reducing microplastic pollution through an accessible filtration device.

    Panel Discussion: Addressing Key Challenges for Founders and Funders
    Following the keynote, a panel of investors, funders, and founders will discuss actionable strategies for securing funding, managing business growth, and building strong advisory networks. Topics will include:

    • Exploring funding opportunities beyond venture capital, including angel investment, crowdfunding, and grants.
    • Structuring early-stage companies for scalability and protecting intellectual property.
    • Recruiting the right advisors, mentors, and board members.
    • Navigating the emotional and strategic challenges of entrepreneurship.

    Panelists include Ellen Weber (Robin Hood Ventures & Mid-Atlantic Diamond Angels), Mellie Chow (Archangel Venture Partners), Lindsay R. Mozdziock (Morgan Lewis), Louise Klein (Courage Partners), Ashley Wilson (Investor & Entrepreneur), Julia Anthony (SOLUtion Medical), Mical Jeanlys-White (WealthMore), and Maureen Mulvihill (Actuated Medical).

    Why This Event Matters
    Women founders bring innovation, leadership, and measurable economic impact to their industries, yet they face persistent challenges in securing funding. The Women Founders Showcase provides a platform to change that by fostering direct connections between investors and women-led businesses that are ready for growth. This event serves as both an educational opportunity and a direct pathway to investment and business development.

    Media Contact:

    Cindi Sutera
    Keiretsu Forum- MST
    Program Director and Communications Specialist
    CindiS@AMSCommunications.net and 610-613-2773

    The MIL Network –

    February 21, 2025
  • MIL-OSI: City of Columbus Selects Voltus as its Exclusive Demand Response Provider

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO and COLUMBUS, Ohio, Feb. 20, 2025 (GLOBE NEWSWIRE) — Voltus, Inc. (Voltus), the leading virtual power plant (VPP) operator and distributed energy resource (DER) platform, today announced its selection as the exclusive Curtailment Service Provider for loads operated by the City of Columbus and retail customers of the City of Columbus Division of Power. This partnership unlocks new revenue streams for the City’s municipal facilities and retail electric customers, while supporting the reliability of the local electric grid for residents.

    The selection comes after a rigorous evaluation process that highlighted Voltus’s key differentiators, including:

    • Industry-leading technology platform providing customers with real-time energy consumption, performance, and earnings data;
    • Strong local presence and experienced project team with extensive knowledge of the PJM market;
    • Program structure without out-of-pocket penalties for underperformance; and
    • Ability to stack multiple revenue streams

    “Since the record-breaking PJM capacity prices were released earlier this year, the Voltus team has been engaging customers across the mid-Atlantic and Ohio Valley area to equip them with the guidance and resources they need to reduce the potential impact to their businesses,” said Voltus’s Vice President of Sales, Sam Scuilli. “With unique services like AI Adjuster, we’re empowering PJM customers to participate in multiple demand response programs in a manner that optimizes their revenue potential and minimizes the risk of underperformance.”

    For more information about participating in the City of Columbus demand response program, please reach out to info@voltus.co.

    About Voltus
    Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.

    Media Contact
    Mona Khaldi
    press@voltus.co

    The MIL Network –

    February 21, 2025
  • MIL-OSI: Growth in Originations Expected Across Multiple Credit Products in 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Despite recent data calling into question the possibility of interest rate cuts over this year, new account originations across several credit products are still expected to grow in 2025. These findings were released today in conjunction with TransUnion’s (NYSE: TRU) newly issued Q4 2024 Quarterly Credit Industry Insights Report (CIIR).

    Following multiple years of depressed origination growth, largely driven by stubbornly high inflation, rising interest rates and elevated home and vehicle prices, new auto, mortgage, and unsecured personal loans are expected to see gains in 2025. A myriad of factors, not the least of which is lenders’ continued caution in their underwriting strategies, will likely temper the overall rate of growth across these products.

    “The Federal Reserve has signaled that it will not rush into interest rate cuts, potentially keeping rates at a level that could give consumers pause,” said Jason Laky, executive vice president and head of financial services at TransUnion. “However, we still believe that many consumer credit products will have higher originations in 2025. This will range from modest growth in auto and unsecured personal loans to more significant increases in mortgage.”

    Originations are Expected to Grow YoY Across Many Credit Products in 2025

    Loan Product Percent Change in Origination Growth
    Auto +2.7%
    Mortgage (Purchase) +13.3%
    Unsecured Personal Loans +5.7%

    Changes in originations are also impacted by trends within these lending products. A deeper dive into the origination picture for each loan product can be found below:

    • One key driver of the forecasted growth in auto originations is new light vehicle sales, which have been forecasted to grow 2.8% in 2025. However, forecasted growth may be tempered as industry and consumers navigate potential policy shifts introduced by the new administration. In addition, relatively high interest rates, inflation remaining above 2%, and a still recovering used vehicle supply may also mitigate auto originations growth.
    • Mortgage originations are forecast to increase from approximately 4.6 million in 2024 to approximately 5.7 million in 2025, with most of those being purchase originations (~3.8 million).
    • Unsecured personal loan lenders are expected to continue expanding lending to riskier tiers in 2025 as the macro economy continues to moderate. Originations are expected to increase to approximately 20.8 million over the year.

    TransUnion’s Q4 2024 Credit Industry Insights Report sees continued signs of stabilization across consumer credit products

    A number of the signs of a more stable consumer credit environment that emerged in Q3 2024 have continued over the past quarter across the credit spectrum. Originations saw some measure of YoY growth in the most recent quarter for which data are available for auto, mortgage, and unsecured personal loans. In credit cards, originations saw a smaller YoY decline than in recent quarters. Delinquencies ticked down across some credit products, although others saw increases. Balances saw increases that were more in line with rates seen prior to 2020 than in the years since.

    “In Q4 2024, we saw several signals inching towards a return to more typical patterns within the consumer credit market,” said Michele Raneri, vice president and head of research at TransUnion. “Originations ticked up across mortgage and auto and saw more significant growth in unsecured personal loans. In contrast, delinquencies presented more of a mixed bag, seeing increases in auto and mortgage, while at the same time decreasing for unsecured personal loans and credit cards. We will be looking for additional signs of improved performance in these markets moving forward.”

    To learn more about the latest consumer credit trends, register for the Q4 2024 Quarterly Credit Industry Insights Report webinar. Read on for more specific insights about credit cards, personal loans, auto loans and mortgages.

    Serious consumer-level delinquencies decline year-over-year for first time since 2020 in card

    Q4 2024 CIIR Credit Card Summary

    More signs of a return to equilibrium were present in the credit card market in Q4 2024. Consumer-level 90+ days past due delinquencies ticked down by 3 basis points YoY to 2.56%, which marked the first annual decrease since 2020. Similarly, account-level delinquencies fell by 4 basis points YoY to 1.46%. This is likely in part due to the continuation of a more conservative origination strategy among lenders. Originations saw a 4.8% YoY decline in Q3 2024. This marks the sixth consecutive quarter of declining new account volumes on an annual basis. Despite that, the slowdown in originations is decelerating, with the latest quarter seeing the smallest YoY decline since Q2 2023. Super prime was the only risk tier to see originations growth in Q3 2024, at 1.2% YoY. While originations have slowed, balances continued to grow to record highs, increasing 5.7% to $1.1 trillion. This growth was seen across risk tiers, though the pace of balance growth has returned closer to pre-2020 levels.

    Instant Analysis

    “Prior predictions had anticipated a moderation in delinquency rates in Q1 2025. The peak was pulled forward by the effect of recalibrated risk strategies and disproportionate originations in prime and above segments. At the same time, there are signs that consumer demand for credit cards may be increasing, as year-over-year originations declines are getting smaller, and some risk tiers, such as super prime, are increasing for the first time in several quarters.”

    – Paul Siegfried, senior vice president and credit card business leader at TransUnion

    Q4 2024 Credit Card Trends

    Credit Card Lending Metric (Bankcard) Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Number of Credit Cards (Bankcards) 561.5 million 542.6 million 518.4 million 483.7 million
    Borrower-Level Delinquency Rate (90+ DPD) 2.56% 2.59% 2.26% 1.48%
    Total Credit Card Balances $1.11 Trillion $1.05 Trillion $931 billion $785 billion
    Average Debt Per Borrower $6,580
    $6,360 $5,805 $5,139
    Number of Consumers Carrying a Balance 173.1 million 169.9 million 166.0 million 159.0 million
    Prior Quarter Originations* 19.1 million 20.1 million 21.6 million 19.8 million
    Average New Account Credit Lines* $5,702
    $5,673 $5,226 $4,468


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.

    For more credit card industry information, click here for episodes of Extra Credit: A Card and Banking Podcast by TransUnion.

    Growth in unsecured personal loan originations leads to record volumes, total balances

    Q4 2024 CIIR Unsecured Personal Loan Summary

    The positive trend in unsecured personal loans continued for another quarter. Originations for Q3 2024, the most recent quarter of data available, stood at 5.8 million – an increase of 15% year-over-year. This marked the third consecutive quarter of YoY growth and the first quarter of double-digit growth in two years (since Q2 2022). All risk tiers contributed to this expansion, especially the super prime and the below prime tiers, which grew around 17% compared to the prior year. This growth drove records, per Q4 2024 data, in the volume of outstanding loans, in total balances, and in the number of consumers with a balance. Concurrently, average debt per borrower was lower year-over-year in Q4 2024, driven by the prime and below risk tiers. Finally, 60+ DPD borrower-level delinquencies fell year-over-year for Q4 2024 to 3.57% — 33 basis points below the same quarter last year. The decline was due to risk mix shift as lower risk super prime borrowers continued to grow as a share of total loans, as well as from delinquencies among subprime borrowers which fell 136 basis points year-over-year.

    Instant Analysis

    “The unsecured personal loan market continued its rebound with originations growing year-over-year across risk tiers, and with strong double-digit growth for most of them. Additionally, borrower-level delinquencies still saw declines year-over-year. This was due to loans being issued across the credit spectrum – especially super prime – and from the subprime delinquency rate continuing to fall even as lending has opened back up to this segment. With the growth to date and optimism from lenders, we expect to see this as the beginning of a period of expansion.”

    – Liz Pagel, senior vice president of consumer lending at TransUnion

    Q4 2024 Unsecured Personal Loan Trends

    Personal Loan Metric Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Total Balances $251 billion $245 billion $222 billion $167 billion
    Number of Unsecured Personal Loans 29.6 million 28.1 million 27.0 million 22.8 million
    Number of Consumers with Unsecured Personal Loans 24.5 million 23.5 million 22.5 million 19.9 million
    Borrower-Level Delinquency Rate (60+ DPD) 3.57% 3.90% 4.14% 3.00%
    Average Debt Per Borrower $11,607 $11,773 $11,116 $9,622
    Average Account Balance $8,496 $8,704 $8,195 $7,328
    Prior Quarter Originations* 5.8 million 5.0 million 5.6 million 5.1 million


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional unsecured personal loan industry metrics.

    Mortgage delinquencies up year-over-year, yet remain low by historical standards

    Q4 2024 CIIR Mortgage Loan Summary

    Originations grew 7% YoY in Q3 2024, the most recent quarter for which data are available. This represented the third consecutive quarter in which mortgage originations were either flat or showed growth. Purchase originations continued to drive this growth, accounting for 82% of all originations for the quarter. This compares to a 68% average Q3 purchase share in the five years pre-pandemic. Rate and term refinance originations also played a role in this growth, seeing significant YoY growth of 174% in Q3 2024. This doubled the counts from the prior quarter as homeowners who recently opened a mortgage took advantage of the lowest rates in two years. Account-level delinquencies of 60+ days past due stood at 1.38% for Q4 2024. This remains a trend worth monitoring in coming quarters, particularly as the non-mortgage debt of homeowners continues to grow, up 7% YoY in Q3 2024.

    Instant Analysis

    “Despite recent quarters of growth, origination volumes continue to be depressed by historical standards. Recent Federal Reserve indications that interest rate reductions may occur more slowly may result in decelerated growth in 2025. Year-over-year increases in delinquency continue to be worth monitoring closely. Yet, even despite a relatively steady series of year-over-year increases in recent quarters, the rate remains extremely low relative to historical standards.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q4 2024 Mortgage Trends

    Mortgage Lending Metric Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Number of Mortgage Loans 53.1 million 52.9 million 52.6 million 51.2 million
    Consumer-Level Delinquency Rate (60+ DPD) 1.29% 1.03% 0.89% 0.75%
    Prior Quarter Originations* 1.2 million 1.2 million 1.5 million 3.4 million
    Average Loan Amounts
    of New Mortgage Loans*
    $354,943 $337,977 $334,339 $311,743
    Average Balance per Consumer $263,923 $258,167 $252,212 $237,539
    Total Balances of All Mortgage Loans $12.2 trillion $12.0 trillion $11.7 trillion $10.7 trillion


    * O
    riginations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional mortgage industry metrics. Click here for a Q4 2024 mortgage industry infographic.

    Auto originations up year-over-year driven by growth in super prime

    Q4 2024 CIIR Auto Loan Summary

    Originations were up 1.5% YoY in Q3 2024, although they still lagged 14.8% below the pre-pandemic Q3 2019. Super prime borrower originations led the way, up 8.5% YoY for the quarter. This growth was likely driven in part by increasingly available new inventory and increases in incentives. Other risk tiers saw YoY declines in originations, and when compared to 2019 levels, originations remained down across all risk tiers, with subprime seeing the largest decline (down 27.6%). Likely also driven in part by incentives, leasing continued its rebound from its Q4 2022 low (17%), at 24% of new vehicle registrations in Q4 2024. Consumer-level delinquencies of 60+ days past due continued to tick up in Q4 2024 to 1.67%. This represented an increase of 6 basis points YoY. New vehicle vintages continued to show delinquency performance in Q4 2024 consistent with pre-pandemic periods of 2018/2019. Used vehicle vintage delinquencies were slightly improved as compared to the 2022 cohort but remained worse than 2018/2019.

    Instant Analysis

    “Super prime was the underlying driver of auto originations growth in Q4 2024, and will likely continue in 2025. Affordability continues to be an issue for the used vehicle market and for below prime consumers, impacted by higher rates and cross-wallet inflation. This is unlikely to materially improve until we have more certainty around used vehicle inventory and interest rates. Delinquencies have now inched past highs previously seen in 2009, primarily driven by increases among below-prime risk tiers, and we will be monitoring them moving forward.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q4 2024 Auto Loan Trends

    Auto Lending Metric Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Total Auto Loan Accounts 80.4 million 80.4 million 80.2 million 81.4 million
    Prior Quarter Originations1 6.4 million 6.3 million 6.5 million 7.2 million
    Average Monthly Payment NEW2 $749 $751 $729 $655
    Average Monthly Payment USED2 $523 $531 $527 $494
    Average Balance per Consumer $24,373 $23,945 $22,998 $21,298
    Average Amount Financed on New Auto Loans2 $42,023 $41,054 $41,941 $40,489
    Average Amount Financed on Used Auto Loans2 $26,135 $26,380 $27,442 $27,346
    Consumer-Level Delinquency Rate (60+ DPD) 1.67% 1.61% 1.43% 1.05%


    1
    Note: Originations are viewed one quarter in arrears to account for reporting lag.
    2Data from S&P Global MobilityAutoCreditInsight, Q4 2024 data only for months of October & November.
    Click here for additional auto industry metrics. Click here for a Q4 2024 auto industry infographic.

    For more information about the report, please register for the Q4 2024 Credit Industry Insight Report webinar.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail dblumberg@transunion.com
       
    Telephone  312-972-6646

    The MIL Network –

    February 21, 2025
  • MIL-OSI: DIRECTV Advertising and Magnite Enhance Live Streaming Programmatic Demand During Peak Viewing Events

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, and DIRECTV Advertising, a pioneer in the converged TV addressable space, are leveraging programmatic demand capabilities to unlock the full potential of live streaming advertising. Magnite and DIRECTV Advertising’s collaboration addresses significant advertising challenges in live streaming, from responding to unpredictable traffic volume to delivering diverse ad experiences.

    Earlier this year, DIRECTV Advertising announced the programmatic enablement of their satellite-connected devices. The unbridling of DIRECTV’s satellite inventory represents greater scale and access to new audiences within linear programming, high-viewership events, and live sports. There’s a clear opportunity with sports, as both viewership and traffic increase during live events, with viewership growing as much as 10X for big games. While high-profile events attract approximately 20% more net-new advertisers, about half of existing and active buyers double their bids when compared to off-peak levels. By matching programmatic demand with real-time traffic surges, DIRECTV and Magnite can effectively manage incremental supply and serve uninterrupted ads during key moments.

    With more regional sports than other pay TV providers, DIRECTV has long been a home for live sports. In early 2025, DIRECTV solidified its position as a sports leader by launching MySports, a bespoke skinny bundle aimed at reaching avid sports fans. DIRECTV is committed to giving viewers the flexibility to choose the right level of service, at the right value, based on their personal interests.

    For advertisers, purchasing live inventory has never been easier, and to further improve the experience, DIRECTV Advertising provides buyers access to rich content metadata signals. Leveraging these signals creates buying transparency and ad relevancy by allowing advertisers access to content at the network, rating, and genre-level. With DIRECTV expanding its premium TV supply, marketers now have access to incremental live sports inventory through Magnite’s platform. DIRECTV will be testing Magnite’s Live Stream Acceleration (LSA) technology, designed to help streaming publishers optimize their live inventory programmatically and surface more opportunities for advertisers.

    “We’re excited to create more opportunities for advertisers to access highly sought after live sports inventory during key demand peaks,” said Ken Ripley, VP, Growth & Marketing at DIRECTV Advertising. “One of the ways we’re delivering this is through the expansion of our programmatically enabled inventory. We’re not only doubling our marketplace supply but unlocking new and unique reach for advertisers. Together with Magnite’s tech solutions, we’re setting new precedents, and paving the way for the future of advanced programmatic execution in live CTV.”

    “By combining our technology that optimizes programmatic advertising in live CTV environments and DIRECTV’s expansive live content footprint, we’re driving better outcomes for advertisers and maintaining a high-quality viewing experience for consumers,” said Mike Laband, Group SVP, Revenue, US at Magnite. “The significant spikes in demand during live sporting events show the untapped potential that media owners should be leaning towards. It’s encouraging to see DIRECTV embracing programmatic demand and offering contextual signals to provide advertisers with more transparency.”

    About Magnite
    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    About DIRECTV
    DIRECTV Advertising is a pioneer in the converged addressable space, delivering industry leading audience-based, digital, and innovative media solutions. Employing our decades of experience, we empower advertisers to address and engage their audience at scale while continuously measuring campaign impact against brand goals to unlock insights and optimize future campaigns. 

    Media Contact:
    Charlstie Veith
    cveith@magnite.com

    Investor Contact:
    Nick Kormeluk
    nkormeluk@magnite.com

    The MIL Network –

    February 21, 2025
  • MIL-OSI: authID’s Biometric Authentication and Groundbreaking Privacy Solutions Spotlighted in New Prism Project Report

    Source: GlobeNewswire (MIL-OSI)

    Dedicated findings highlight authID’s leadership in fast, frictionless, and accurate processes that do not compromise on compliance or privacy

    DENVER, Feb. 20, 2025 (GLOBE NEWSWIRE) — authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced its spotlight in a comprehensive independent market report by the Prism Project, which provided important independent analysis of authID’s approach to privacy- and compliance-first biometric authentication. authID was named a “luminary” for its leading-edge platform for biometric identity verification and privacy protection.

    Published by Acuity Market Intelligence, the leading biometric digital identity research consultancy, the report titled “Biometric Digital Identity Prism Custom Report: authID” highlights how authID’s newly launched PrivacyKey™ technology reflects a paradigm shift in biometric authentication, powerfully addressing the critical balance between security and privacy. The platform boasts a one-in-one-billion false-match accuracy rate in identity verification while maintaining zero-knowledge architecture for user data protection by storing no biometric data, and joins authID solutions Proof™ and Verified™ in providing customers with an unparalleled user-identification experience.

    “authID’s technology is interesting because it isn’t just about security – it’s about creating trust in digital interactions,” said Maxine Most, founder of the Prism Project and Acuity Market Intelligence. “As the Prism Project projects a 300% growth in demand for privacy-focused biometric solutions over the next three years, authID’s platform is at the forefront of successfully bridging the gap between robust security and user privacy, and of setting new industry standards for biometric authentication.”

    Key Findings from the Prism Project Report:

    • authID’s innovative approach is “safeguarding the era of digitization” through liveness-supported face biometrics during the onboarding process as well as continuous identity verification.
    • authID’s proven leadership—composed of identity-industry veterans with decades of experience—are driving consistent adaptations and innovations in a rapidly evolving and increasingly critical landscape.
    • The verification speeds, key-management capabilities, and frictionless ease-of-use at the center of authID’s solutions position it as a leader in both performance and customer experience.

    The report highlights authID’s recent partnership with Salus, which aims to enhance credit union services for 120 million underserved individuals, demonstrating the platform’s scalability and real-world impact. authID’s innovative approach has also attracted partnerships with leading financial institutions and technology companies, as well as firms in the staffing and hiring, philanthropy, and customer-service industries.

    “The Prism Project findings validate our commitment to revolutionary identity verification solutions that prioritize both security and user privacy,” said Rhon Daguro, CEO of authID. “Our PrivacyKey™ technology represents a quantum leap forward in biometric authentication, enabling businesses to provide frictionless security while maintaining the highest standards of data protection.”

    The dedicated authID report follows the December 2024 release of the Prism Project’s highly anticipated Biometric Digital Identity Flagship Report, which evaluated more than 250 industry players and identified the key market dynamics driving extraordinary growth in the emerging global digital identity ecosystem. The annual report highlights the critical role of biometrics in reducing fraud, improving operational efficiency, preserving privacy, and enhancing user experience in the era of digital transformation.

    For more information about authID’s biometric authentication solutions, visit www.authid.ai.

    About authID

    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. With our ground-breaking PrivacyKey Solution authID delivers all the benefits of biometric identity verification, with a 1-to-1-billion false match rate, while storing no biometric data. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, prevents account takeover, eliminates password risks and costs, and provides the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover.

    About The Prism Project

    The Prism Project (www.the-prism-project.com) is at the forefront of biometric and digital identity research and education. Created by Acuity Market Intelligence, it bridges the gap between identity technology experts and organizations seeking innovative solutions for digital transformation. Through industry collaboration and comprehensive research, The Prism Project empowers influencers and decision-makers to forge a secure, human-centric digital identity future.

    About Acuity Market Intelligence

    Acuity Market Intelligence (www.acuitymi.com) is a trusted research and strategic advisory firm specializing in biometrics, identity, and digital transformation. Known for delivering actionable insights and proprietary market forecasts, Acuity helps organizations navigate the rapidly evolving digital identity landscape with confidence and clarity.

    For further information, interviews, sponsor inquiries, or to download Prism reports, please visit www.the-prism-project.com or contact info@the-prism-project.com.

    Media Contacts

    NextTech Communications
     Walter Fowler
    1-631-334-3864
    wfowler@nexttechcomms.com

    Investor Relations Contacts
    Investor-Relations@authid.ai

    Gateway Group, Inc.
    Cody Slach and Alex Thompson
    1-949-574-3860
    AUID@gateway-grp.com

    Acuity Market Intelligence
    Maxine Most
    1-303-449-1897
    info@the-prism-project.com

    The MIL Network –

    February 21, 2025
  • MIL-OSI: Monarch Private Capital Powers Into 2025 With Record Growth, Innovation, and a Bold Vision for the Future

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 20, 2025 (GLOBE NEWSWIRE) —  Monarch Private Capital, a national leader in impact investing, is redefining the future of tax equity investments with a landmark year of achievements in 2024. By strategically expanding its efforts across affordable housing, renewable energy, historic rehabilitation, and film, Monarch is not only generating billions in economic development but also driving transformative change in communities nationwide.

    As demand for sustainable solutions and responsible investing reaches new heights, Monarch continues to lead the charge—investing in projects that create jobs, reduce carbon footprints, and provide critical housing solutions. With a new $275 million bond issuance, an innovative solar and battery storage initiative for low-income housing, and record-breaking project investments, Monarch is setting the stage for even greater impact in 2025 and beyond.

    Unprecedented Growth Across Key Sectors In 2024

    • Renewable Energy: 75 new projects, generating $1.5 billion in tax credits and enabling $3.3 billion in clean energy investments—adding 1.7 GW of renewable energy capacity to the U.S. grid. This prevents an annual abatement of 1,530,807 metric tons of CO₂e emissions—equivalent to removing 319,014 homes’ electricity use for one year.
    • Affordable Housing: 23 new projects, unlocking $268 million in tax credits and $747 million in project capital, creating 2,429 affordable homes for families in need.
    • Historic Rehabilitation: 18 revitalization projects, bringing nearly $60 million in tax credits and over $500 million in redevelopment costs, breathing new life into historic properties—many in underserved communities.
    • New $275 Million Bond Issuance: Financing affordable housing projects to help close the housing gap in the U.S., ensuring more families have access to safe, stable homes.
    • Film & Entertainment: Brokered and financed $169 million in state tax credits for film, tv, and digital media, supporting 49 productions nationwide. These projects contributed to over $650 million in local production spending, driving economic growth and energizing creative industries across the U.S.  

    Fueling the Future: Clean Energy Meets Affordable Housing

    With an unwavering commitment to innovation, Monarch is redefining affordable housing through its groundbreaking Monarch Strategic Ventures initiative.

    This forward-thinking program is integrating solar energy and battery storage into low-income housing income (LMI) communities—targeting a 20% reduction in tenant’s electricity bills while making affordable housing more sustainable. But the impact goes beyond cost savings:

    • Creating new construction jobs during installation
    • Generating ongoing employment in operations, maintenance, and administrative roles
    • Reducing environmental impact while improving energy resilience for vulnerable communities
    • Enhancing grid flexibility to balance burgeoning electricity demand growth

    “We don’t just invest in projects—we invest in people, communities, and the future,” said George Strobel, Partner, Co-Founder, and Co-CEO of Monarch Private Capital. “With the launch of our $275 million bond initiative and our expansion into clean energy housing solutions, we are scaling our impact like never before. We are building a stronger, more sustainable, and more equitable future—one investment at a time.”

    Monarch’s Legacy: A $37 Billion Economic Impact

    Since 2005, Monarch Private Capital has turned tax equity investments into real-world impact, delivering:

    • Nearly 50,000 affordable housing units built
    • More than 300,000 jobs created
    • 4.7 GW of renewable energy capacity to the U.S. grid, preventing an annual abatement of 4,157,534 metric tons of CO₂e emissions—equivalent to removing C02 emissions from 866,412 homes’ electricity use for one year 
    • The revitalization of 187 historic buildings
    • $7.2 billion in tax credits leveraged across 42 states and Washington, D.C.
    • $18 billion in project capital mobilized

    And the momentum is only growing.

    By combining financial expertise with a bold vision for the future, Monarch Private Capital is positioned to drive unprecedented impact in 2025—expanding access to affordable housing, accelerating the transition to clean energy, and strengthening communities across America.

    Join the Movement.

    For more information, please contact George Strobel at gstrobel@monarchprivate.com.

    About Monarch Private Capital

    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    CONTACT

    Jane Rafeedie

    Monarch Private Capital

    Jrafeedie@monarchprivate.com

    470-283-8431

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86597a51-4a44-469c-9ca3-69f62b265d4e

    The MIL Network –

    February 21, 2025
  • MIL-OSI: Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025

    Source: GlobeNewswire (MIL-OSI)

                                                                    News

    Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025

    New, integrated technologies contributed to the event success and are now field-proven, ready to be deployed at a larger scale.

    Bakuriani, Georgia, and Paris, France, February 20, 2025 – Atos, a global leader in digital transformation and the Technology Partner of the Winter European Youth Olympic Festival (EYOF) Bakuriani 2025, today announces that its innovative IT services contributed to the success of the event from February 9 to 16, 2025. Atos delivered a comprehensive suite of digital services that enhanced fan experience, optimized event operations, and brought the Festival closer to audiences across Europe.

    Atos provided traditional Timing and Results services, ensuring accuracy and efficiency across all sports. It also powered the official event website and mobile application, a real-time results information system, and an interactive database allowing fans and stakeholders to effortlessly access key statistics and insights. Atos enabled the live streaming production and distribution of all competitions, enabling rights-holding broadcasters and media partners to seamlessly share the action with audiences worldwide.

    The Winter European Youth Olympic Festival was also the opportunity for Atos and the organizing committee to showcase innovative technologies which deepened the experience, immersion and engagement of stakeholders.

    • Artificial Intelligence (AI) powered Media Center for press and stakeholders

    During the event, Atos provided for the first time exclusive, automated and AI-powered media clips and highlights to official stakeholders, including Olympic Committees, federations, and accredited media outlets across Europe. Through a password-protected content management system, users could submit natural language requests for read-to-use video clips about an athlete, a sport, a result or a game situation, users received a corresponding ready-to-use video clip. The Atos AI-powered Media Center then automatically recovered, edited and customized footage for each type of user. This breakthrough technology is expected to incredibly speed up video dissemination for major events worldwide.

    • On- and Off-site immersion

    In collaboration with the Organizing Committee, an innovative solution has been developed to keep onsite attendees and online users informed about live events. The system combines real-time results with video highlights, providing a complete overview of ongoing competitions on a single screen. News feeds were also broadcast on giant screens at event venues, ensuring an immersive experience for all spectators.

    • An AI-powered chatbot

    The AI-powered chatbot designed to answer fan inquiries about Georgia, the Festival, and historical results, has proven its efficiency by providing instant, reliable information throughout the event.

    • SportEurope integrated, unified platform

    Atos developed SportEurope for the European Olympic Committees (EOC), an online fan ecosystem that integrates the event’s web presence, social media domains and marketing automation systems, ensuring continuous engagement with sports enthusiasts across Europe. Through strategic content creation in collaboration with athletes, European National Olympic Committees and European sports federations, SportEurope fosters a vibrant community around the Games.

    Atos developed the Winter Crystal gaming experience, a mobile game that places players in digitized environments of Georgian landmarks and EYOF venues. This interactive adventure involves solving games and completing challenges to explore the spirit of the Games while competing for the prestigious Winter Crystal award.

    “We are delighted that our technologies were instrumental in the success of the European Youth Olympic Festival” said Nacho Moros, Head of Atos Major Events. “This inspiring event was also the perfect venue to introduce new and innovative solutions and continue to set new benchmarks in digital transformation for major sporting events. We are confident these field-proven technologies will soon be deployed in world-class events”.

    “Atos provided a high level of professional service and made a significant contribution to the success of the Bakuriani 2025 Olympic Festival”, said Zurab Tuskia, Head of IT & Accreditation, EYOF Bakuriani 2025 OC. “We would like to thank Atos for their professional support, which was demonstrated through the prompt resolution of any issues that arose throughout our time together, as well as for the strong and friendly relationship that was formed between the IT department and the Atos team during the Olympic Festival.”         

    Key figures:

    • 8 sports operated, 5 venues in 3 host cities (Bakuriani, Batumi and Tbilisi).
    • Atos staff: 56 on site plus 10 on remote support
    • over 30 days on site operations.
    • over 150 laptops, 70 mobile phones, and Sport Specific devices.
    • 3.334 accreditations
    • over 200 live streaming hours.

    Digital achievements:

    • over 1 million Instagram views, 60,000 TikTok views, 60,000+ visits to sporteurope.org
    • AI-generated articles ranked among the Top 7 most viewed pages.
    • 2,000 active users on the app.
    • over 200 active users for the Winter Crystal mobile game.
    • over 100 users accessing the Gaudi multimedia repository & over 550 downloads. Notable users include over 40 European National Olympic Committees, Local Organizing Committees and Sport Federations.
    • 30% of Sport Europe users are opening the Email Marketing emails.

    Atos has been serving its partners and customers through a dedicated in-house sports and major events division (“Major Events”) for over 30 years, giving it an unmatched experience and the flexibility to serve its customers regardless of their exposure, size and scale. From global events to local competitions, Atos consistently strives to deliver technology excellence to its entire customer base. 

    Atos has been involved with the Olympic Movement since 1992 and the Paralympic Movement since 2002 and is the Official Digital Technology Partner of the European Olympic Committees, including the European Games 2027, as well as the official Digital partner for Special Olympics International. In addition, the company is also the Official Information Technology Partner of UEFA National Team Football. Most recently, Atos has been instrumental in delivering successful leading-edge IT services for iconic events such as UEFA EURO 2024™ in Germany and the Olympic and Paralympic Games Paris 2024. 

    To learn more about Atos solutions for sporting events and major events, visit Atos major events. 

    ***

    About European Youth Olympics Festival Bakuriani 2025

    The EOC is an international non-governmental not-for-profit organization whose objective is to propagate the fundamental principles of Olympism at European level. Held under the patronage of the IOC, and the pride of the European Olympic Committees with almost 35 years of tradition, the EYOF is the first top European multi-sport event aimed at young athletes aged 14 to 18. There is a winter and a summer edition, which take place in two-year cycles, in odd-numbered years.

    The event is rich with Olympic traditions: from the burning flame to athletes’ and officials’ oaths. It is at the EYOF that many of Europe’s aspiring sports stars take their first steps on the international stage. And while some may look to the EYOF as a stepping-stone to Olympic greatness, all who participate take home friendships and experiences to last a lifetime.

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact
    Laurent Massicot | laurent.massicot@atos.net | +33 (0)7 69 48 01 80

    Attachment

    • News – Atos successfully deploys innovative technologies during EYOF Bakuriani 2025

    The MIL Network –

    February 21, 2025
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