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Category: Finance

  • MIL-OSI United Kingdom: Local Government 2024-25 Provisional Outturn and 2025-26 Budget Estimates

    Source: Scottish Government

    An Official Statistics Publication.

    The Chief Statistician has released figures on 2024-25 provisional outturn and 2025-26 budget estimates for revenue and capital expenditure on services provided by local authorities.

    In 2024-25, net revenue expenditure on local authority services was provisionally reported as £15,760 million in 2024-25 and budgeted as £16,239 million for 2025-26.

    This is an increase of 6.8% (£1,002 million) in 2024-25, compared to the net revenue expenditure figure of £14,758 million seen in 2023-24. However, much of this increase can be attributed to the baselining of £950.9 million into the General Revenue Grant, which switched this funding away from the category of specific grants. As Net Revenue Expenditure measures general funding and the use of Council’s own reserves, funding more money via the General Revenue Grant leads to a corresponding rise in Net Revenue Expenditure.

    General fund net revenue expenditure is estimated to increase by a further 3.0% (£479 million) in 2025-26.

    Education and Social Work continue to be the services with highest net revenue expenditure in both 2024-25 and 2025-26. These services account for around 81% of general fund net revenue expenditure.

    Local authorities reported provisional general funding of £16,394 million in 2024-25, and budgeted for £17,358 million of general funding in 2025-26.

    General Fund reserves (including Harbour Accounts) at 31 March 2025 were provisionally reported as £2,771 million, and budgeted to be £2,625 million at 31 March 2026. For context, General Fund reserve balances (including Harbour Accounts) were £1,584 million on 31 March 2020. Therefore, whilst reserve balances remain above pre-pandemic levels for Scotland, these are being brought down.

    Capital expenditure across local authorities was provisionally reported as £4,479 million in 2024-25, and budgeted as £5,035 million in 2025-26. An increase of 1.6% in capital expenditure for Education is expected from 2024-25 to 2025-26, reflecting the roll out of the Learning Estate Investment Programme.

    The main sources of capital financing are grants & contributions and borrowing. Borrowing is expected to increase to £2,395 million in 2024-25, and then to £3,021 million in 2025-26. In 2024-25 and 2025-26, in-year borrowing is anticipated to remain as the primary source of capital financing.

    Total external debt was provisionally reported as £22,916 million in 2024-25, and budgeted as £25,696 million in 2025-26, with local authorities continuing to remain under-borrowed.

    Background

    The Local Government 2024-25 Provisional Outturn and 2025-26 Budget Estimates publication summarises the 2024-25 provisional outturn and 2025-26 budget estimates for revenue and capital services provided by local authorities. This data is collected from local authorities annually via the Provisional Outturn and Budget Estimates (POBE) statistical return.

    Further information on Local Government Finance statistics publications and data collections can be found on the Scottish Government website.

    These statistics have been produced in accordance with the Code of Practice for Statistics.

     

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Home testing kits for lifesaving checks against cervical cancer

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Home testing kits for lifesaving checks against cervical cancer

    Government to offer home-testing kits as part of the cervical screening programme under its upcoming 10 Year Health Plan.

    • Under screened women to be offered convenient HPV self-sampling kits under new 10 Year Health Plan 
    • Home kits offered to those who have missed their invite, making care more convenient and supporting our shift from treatment to prevention
    • New initiative builds on NHS’ personalised approach to cervical screening

    Women and people with a cervix* across England who haven’t come forward for vital health checks will be offered home-testing kits as part of the cervical screening programme under the upcoming 10 Year Health Plan.

    The ground-breaking initiative aims to revolutionise cervical cancer prevention rates by tackling deeply entrenched barriers that keep some women away from potentially life-saving screenings, including a fear of discomfort, embarrassment, cultural sensitivities and the struggle to find time for medical appointments.  

    Women who have rarely or have never attended their cervical screening will be offered a self-sample kit to complete at home. They are then sent out in discreet packaging and returned via pre-paid mail in the local post box.  

    Participation in cervical cancer screening currently sits at just 68.8% – well below the NHS England target of 80%. This means over 5 million women in England are not up to date with their routine check-up**. But experts believe this targeted approach could increase participation in the screening programme that saves approximately 5000 lives a year across England.   

    The initiative is part of the government’s upcoming 10 Year Health Plan – due to be published in the coming weeks – which sets out how government plans to tackle the challenges facing the health service and build an NHS that is fit for the future by doing more to prevent ill health in the first place.

    Health and Social Care Secretary Wes Streeting said:   

    These self-sampling kits represent healthcare that works around people’s lives, not the other way around. They put women firmly in control of their own health, ensuring we catch more cancers at their earliest, most treatable stages.

    Our 10 Year Health Plan will fundamentally reform the NHS, shifting focus from treating illness to preventing it before it starts.

    We know the earlier cancer is diagnosed the better the chances are of survival. By making screening more convenient, we’re tackling the barriers that keep millions of women from potentially life-saving tests.

    The self-testing kits, which detect human papillomavirus (HPV), a group of viruses that can lead to cervical cancer, allow women to carry out this testing in the privacy and convenience of their own homes.  

    Michelle Kane, NHS Director of Screening, said:

    There are a number of reasons that stop some women taking up the offer of screening and we hope the introduction of self-testing will encourage more women to take up this life-saving test in a way that works for them.

    I’d encourage anyone who gets an invite for a cervical screening, either from their local GP practice or the NHS App, to attend and if you have any worrying symptoms, please contact your GP. It could save your life.

    The programme specifically targets those groups consistently missing vital appointments, with younger women, ethnic minority communities facing cultural hurdles, people with a disability and LGBT+ people all set to benefit. 

    Anyone testing positive for HPV through self-sampling will be encouraged to attend a clinician-taken follow-up cervical screening test to check for cervical cell changes. 

    Athena Lamnisos, Chief Executive, Eve Appeal, said:

    There are so many different reasons why those who are eligible aren’t responding to their cervical screening invitation letter.

    HPV self-testing will be a step change for some. Being able to do the test in their own time and following simple instructions is what many people want and need. Ensuring that the under-screened and never screened know about this new test is vital for Eve.

    As the leading gynae cancer prevention charity, we know how vital it is to address health inequalities and make sure that everyone knows that this test is available to them and why it’s important.

    Michelle Mitchell, Chief Executive of Cancer Research UK, said: 

    Screening is a powerful tool to prevent cervical cancer and save lives, but we know it isn’t always easy for everyone to take part. For some, the test may seem uncomfortable, embarrassing, or simply hard to fit into their lives. That’s why we welcome the UK government’s decision to roll out cervical cancer home screening kits in England – to help remove barriers and make cervical screening more accessible.

    The gold standard way to test for HPV is still a sample taken by a clinician and this will be suitable for most people. But beating cervical cancer means beating it for everyone, and this move helps to bring us closer to that goal.  It’s important to remember that cervical screening is for people without symptoms so, if you notice any unusual changes for you, do not wait for a screening invitation – speak to your doctor.

    This approach builds on the NHS’ recent announcement to make cervical cancer screening more personalised. From July, women aged 25-49 who test negative for HPV in a clinician-taken test will be invited for their next test in five years, rather than three, following a recommendation by the UK National Screening Committee. The programme is in line with major clinical evidence that shows if a person tests negative for HPV they are extremely unlikely to go on to develop cervical cancer within the next decade. Anyone whose sample indicates the presence of HPV will continue to be invited to more frequent screenings.  

    Digital invitations and reminders for cervical screening were also recently rolled out as part of the NHS App’s ‘ping and book’ service to make screenings even more convenient, boost uptake and save lives.  

    Through our Plan for Change, the government is cutting waiting times for cancer patients with 99,000 extra patients having had cancer diagnosed or ruled out since July than in the previous year. In February, the highest ever proportion of patients had a diagnosis or an all clear within four weeks.

    Dr Anita Lim, Chief Investigator of the YouScreen trial and Visiting Senior Research Fellow, King’s College London:

    This is a significant step forward for cervical cancer prevention and brings us closer to the NHS goal of eliminating the disease by 2040. The YouScreen trial, which provided self-sampling HPV kits to under-screen women in London, demonstrated that self-sampling could reach people who find it difficult to attend traditional screening – including those from diverse and underserved populations.

    It’s hugely positive to see this now reflected in national policy, helping more people get protected from this highly preventable cancer.

    Gem, who was diagnosed with cervical cancer in 2015, said:

    My cervical cancer was picked up during a routine screening by my GP. I was referred for surgery to remove the cancer cells, as well as lymph nodes from my abdomen and pelvis.

    It took me about six weeks to recover, and because it was caught early and hadn’t spread, I was told at my follow-up appointment that I was cancer-free and didn’t require further treatment.

    I’ve been cancer-free for years now, but I still live with the aftermath of my diagnosis. I hope that one day we live in a world where cervical cancer is eliminated. With advances in vaccines and screening, I believe that day is getting ever closer.

    For many, though, there are barriers to attending screening. Our everyday lives are busy juggling jobs, family life, and more, which can make attending appointments difficult. But feelings of embarrassment, fear, or unease can also prevent people from going.

    Making it easier for people to access screening they can do at home removes some of those barriers and will, I’m sure, save lives.

    If I hadn’t attended screening when I did, I’m certain I would have been facing a very different outcome. I will always be thankful that I went when I did and now try to use my experience to help others.

    ENDS  

    Updates to this page

    Published 24 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Overseas Investment Bill passes first reading

    Source: New Zealand Government

    Associate Finance Minister David Seymour welcomes the passing of first reading for a Bill to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. 
    The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has passed its first reading in Parliament today.   
    “New Zealand has been turning away opportunities for growth for too long. Having one of the most restrictive foreign investment regimes in the OECD means we’ve paid the price in lost opportunities, lower productivity, and stagnant wages. This Bill is about reversing that,” says Mr Seymour.  
    “In 2023, New Zealand’s stock of foreign direct investment sat at just 39% of GDP, far below the OECD average of 52%. Investors are looking elsewhere, so we’re showing them why New Zealand is the best place to bring their ideas and capital.  
    “International investment is critical to ensuring economic growth. It provides access to capital and technology that grows New Zealand businesses, enhances productivity, and supports high paying jobs.   
    “New Zealand’s productivity growth has closely tracked the amount of capital workers have had to work with. Our capital-to-labour ratio has seen very little growth in the last 10 years, averaging approximately 0.7 per cent in measured sectors annually. That’s compared to growth in the capital-to-labour ratio in measured sectors of around 2.2 percent in the previous 10 years. Unsurprisingly, productivity growth averaged 1.4 percent a year between 1993 and 2013, but only 0.2 percent between 2013 and 2023.  
    “The Bill will consolidate and simplify the screening process for less sensitive assets, introducing a modified national interest test that will enable the regulator to triage low-risk transactions, replacing the existing benefit to New Zealand test and investor test. If a national interest risk is identified, the regulator and relevant Minister will have a range of tools to manage this, including through imposing conditions or blocking the transaction.”
    The current screening requirements will stay in place for investments in farmland and fishing quota.  
    “For all investments aside from residential land, farmland and fishing quota, decisions must be made in 15 days, unless the application could be contrary to New Zealand’s national interest. In contrast, the current timeframe in the Regulations for the benefit test is 70 days, and the average time taken for decisions to be made is 30 days for this test,” says Mr Seymour.  
    “High-value investments, such as significant business assets, existing forestry and non-farmland, account for around $14 billion of gross investment each year. We’re removing the barriers for these investments so that number can grow.  
    “The Ministerial Directive Letter will be updated to provide guidance on which assets should undergo further scrutiny and which risks may be contrary to New Zealand’s national interest. This guidance will provide a degree of certainty to investors and support a flexible regime which is responsive to new and emerging risks.  
    “The updated system brings New Zealand up to speed with other advanced economies. They benefit from the flow of money and the ideas that come with overseas investment. If we are going to raise wages, we can’t afford to ignore the simple fact that our competitors gain money and know-how from outside their borders.  
    “These reforms cut compliance costs, reduce processing times, and restore confidence that New Zealand is open for business. The Bill will be passed by the end of the year and the new regime implemented by early 2026. A new Ministerial Directive Letter will come into force at the same time.”    
    The Bill can be read here: Overseas Investment (National Interest Test and Other Matters) Amendment Bill 171-1 (2025), Government Bill Contents – New Zealand Legislation

    MIL OSI New Zealand News –

  • MIL-OSI Russia: Six new enterprises will appear in three districts of Moscow as part of the city program in 2025

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    This year, more than 10 percent of industrial facilities planned for construction within the city program to stimulate the creation of employment sites (EPS) will be put into operation in the capital. This was announced by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “The formation of modern industrial infrastructure is the key to sustainable economic growth and technological development of the capital. On the instructions of Sergei Sobyanin, a program to stimulate the creation of employment opportunities is being implemented in the city. In total, the construction of over 880 thousand square meters of new production space has been approved within the framework of the program,” said Maxim Liksutov.

    Thanks to the program to stimulate the creation of employment opportunities, more than 18 thousand specialists from various industries will be able to find work close to home. More than a thousand vacancies will appear at new enterprises, the construction of which will be completed this year.

    “As part of the program to stimulate the creation of employment opportunities, investors will invest more than 260 billion rubles in the creation of a ready-made modern industrial infrastructure for the localization of high-tech production. According to the agreements on the creation of MPT, in 2025, six production facilities with a total area of about 93 thousand square meters will appear in the capital. New enterprises will be built in the Savelki, Ochakovo-Matveyevskoye and Vnukovo districts,” said the Minister of the Moscow Government, Head of the Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    The program to stimulate the creation of employment opportunities has been in effect in Moscow since 2020. During this time, it has proven its effectiveness as a tool for attracting private investment and developing a balanced urban environment.

    The program plans to build more than 230 facilities with a total area of over six million square meters. The total investment volume will exceed 2.3 trillion rubles, and the number of new jobs will be more than 311 thousand.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155754073/

    MIL OSI Russia News –

  • MIL-OSI Europe: President Erdoğan to Visit the Netherlands

    Source: Republic of Turkey

    President Recep Tayyip Erdoğan will pay a visit to the Netherlands on June 24-25, 2025 to attend the NATO Heads of State and Government Summit to be held in The Hague.
    Strategic views on threats and risks to the Europe-Atlantic geography will be addressed at the Summit, whose main agenda will be a new Defense Investment Pledge aimed at increasing the allies’ defense spending to a level required by the current security environment. The Alliance’s efforts in the areas of defense of deterrence in the face of the fundamental threats determined by NATO will be discussed at the Summit as well.
    President Erdoğan is expected to hold bilateral meetings with some of the participating heads of state and government on the sidelines of the Summit.
    Respectfully announced to the public.

    MIL OSI Europe News –

  • MIL-OSI: Defiance Launches First Mover Single-Stock Leverage ETFs: IONZ (2X Short IONQ), OKLL (2X Long OKLO), and SOUX (2X Long SOUN)

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 24, 2025 (GLOBE NEWSWIRE) — Defiance ETFs is excited to introduce a new suite of first mover single-stock leveraged and inverse ETFs. Defiance’s single-stock leveraged ETFs empower retail investors by providing access to leverage without the need for a margin account, offering leverage within an ETF wrapper. IONZ aims to deliver -200% short daily targeted exposure to IonQ, while OKLL and SOUX seek to provide 200% long daily targeted exposure to Oklo and SoundHound AI, respectively.

    Defiance Daily Target 2X Short IONQ ETF (Ticker: IONZ)

    • Investment Objective: Seeks daily investment results, before fees and expenses, that are -2 times (-200%) the daily percentage change in the share price of IonQ Inc.
    • Company Profile: IonQ Inc. is a leader in quantum computing, developing hardware and providing cloud-based access to quantum systems.
    • Intended Use: Designed for traders with a short-term bearish outlook on IONQ, aiming to profit from declines in its share price.

    Defiance Daily Target 2X Long OKLO ETF (Ticker: OKLL)

    • Investment Objective: Seeks daily investment results, before fees and expenses, that are 2 times (200%) the daily percentage change in the share price of Oklo Inc.
    • Company Profile: Oklo Inc. specializes in designing and developing advanced fission power systems and used fuel recycling technologies.
    • Intended Use: Tailored for investors seeking short-term leveraged bullish exposure to OKLO’s share price growth.

    Defiance Daily Target 2X Long SOUN ETF (Ticker: SOUX)

    • Investment Objective: Seeks daily investment results, before fees and expenses, that are 2 times (200%) the daily percentage change in the share price of SoundHound AI, Inc.
    • Company Profile: SoundHound AI, Inc. provides voice AI technology for industries such as automotive and IoT.
    • Intended Use: Created for traders seeking leveraged bullish exposure to SOUN’s daily share price increases.

    For more information, please visit https://defianceetfs.com/.

    An investment in IONZ, OKLL, or SOUX is not an investment in IonQ Inc., Oklo Inc., or SoundHound AI, Inc., respectively.

    The Funds are not intended to be used by, and are not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Funds pursue daily leveraged or inverse leveraged investment objectives, which means that they are riskier than alternatives that do not use leverage or short strategies because the Funds magnify the performance (or inverse performance) of the Underlying Securities. The Funds are not suitable for all investors. The Funds are designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged or inverse leveraged (±2X) investment results, understand the risks associated with the use of leverage and short exposure, and are willing to monitor their portfolios frequently. For periods longer than a single day, the Funds will lose money if the Underlying Securities’ performance is flat, and it is possible that the Funds will lose money even if the Underlying Securities’ performance moves in the expected direction over a period longer than a single day. An investor could lose the full principal value of their investment within a single day.

    About Defiance ETFs

    Founded in 2018, Defiance ETFs is a leader in ETF innovation, focusing on thematic, income, and leveraged ETFs. Our pioneering leveraged single-stock ETFs allow investors to take amplified positions in high-growth companies without a margin account.

    IMPORTANT DISCLOSURES

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and / or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    Indirect Investment & Issuer Affiliation Risk

    The Funds invest in swap contracts and options that are based on the share prices of IonQ Inc. (IONQ), Oklo Inc. (OKLO), and SoundHound AI, Inc. (SOUN). This subjects each Fund to certain of the same risks as if it held or shorted shares of the underlying company, even though it does not. IONQ, OKLO, and SOUN are not affiliated with the Trust, the Funds, or the Adviser, and are not involved with these offerings in any way.

    Trading & Volatility Risk

    The trading prices of IONQ, OKLO, and SOUN may be highly volatile and subject to wide fluctuations due to market conditions, investor sentiment, company-specific developments, or external factors such as regulatory announcements or industry changes.

    Performance Risk

    Each underlying company may fail to meet—or in IONQ’s case, exceed—publicly announced expectations or performance guidelines.

    Industry and Business Model Risks

    • SOUN operates in the software and AI industries, which are highly competitive and subject to rapid technological change, pricing pressure, and product obsolescence. SOUN has experienced substantial net losses and negative cash flows, with no assurance of future profitability.
    • OKLO operates in the nuclear energy and electric utilities sectors. Its success depends on the development of advanced fission powerhouses and fuel recycling capabilities. OKLO has not yet constructed any commercial powerhouses or entered binding customer contracts.
    • IONQ is part of the emerging quantum computing industry. As the sector develops, IONQ’s progress in technological advancements, contract acquisition, or broader adoption could contribute to upward pressure on its stock price—posing a risk to short-exposure strategies like those used in IONZ.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally.

    Compounding and Market Volatility Risk. The Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is likely to differ from ±200% of the Underlying Security’s performance, before fees and expenses.

    Daily Correlation/Tracking Risk. There is no guarantee that the Fund will achieve a high degree of inverse correlation to the Underlying Security and therefore achieve its daily inverse investment objective.

    Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. The Fund could theoretically lose an amount greater than its net assets in the event the share price of the Underlying Security declines more than 50%. Leverage will also have the effect of magnifying any differences in the Fund performance’s correlation with the Underlying security’s share price.

    Derivatives Risk. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, leverage, imperfect daily correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

                   Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions.

                   Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in derivatives which exposes the Fund to the risk that the counterparty will not fulfill its obligation to the Fund.

    Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market. Brokerage Commissions may be charged on trades.

    Distributed by Foreside Fund Services, LLC

    Contact Information
    David Hanono
    info@defianceetfs.com
    833.333.9383

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9fddda4-b1ee-41e6-bfb6-dd66c8da2e35

    The MIL Network –

  • MIL-OSI United Kingdom: Prime Delivery For Britain: PM Hails £40 Billion Amazon Investment Set To Create Thousands Of Jobs

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Prime Delivery For Britain: PM Hails £40 Billion Amazon Investment Set To Create Thousands Of Jobs

    Prime Minister welcomes a £40bn investment plan by Amazon over the next three years in show of confidence following Industrial Strategy launch.

    • Amazon confirms £40bn investment plan for the UK over the next three years in vote of confidence following the Industrial Strategy
    • Investment goes towards four new fulfilment centres in Hull, Northampton and East Midlands creating over 4,000 jobs across the sites
    • Business Secretary visits Amazon’s HQ to welcome news as further proof Britain is the best place to do business as Government’s Plan for Change delivers for working people

    Thousands of new jobs are set to be created across the UK, as Amazon today (Tuesday 24 June) announces a landmark £40 billion investment over the next three years.

    This investment – announced the same week as the Government’s transformational Industrial Strategy – includes building four new fulfilment centres and new delivery stations nationwide, as well as upgrades and expansions to its existing network of over 100 operations buildings across the country.

    The investment will create thousands of new permanent, full-time jobs in the UK, with the vast majority outside of London and the South East.

    These include 2,000 jobs at the previously announced state-of-the-art fulfilment centre in Hull and 2,000 jobs at another in Northampton, plus additional positions at new sites in the East Midlands and at delivery stations across the country.

    The investment also includes part of the £8 billion previously announced in September 2024 for building, operating, and maintaining data centres in the UK. This will support the UK’s ambition to increase AI compute capacity and meet the growing demand for cloud and AI technologies, while creating thousands of skilled jobs in the tech supply chain.

    Alongside the planned creation of the new operations facilities, the investment will also go towards the redevelopment of the historic Bray Film Studios in Berkshire, continued investment in multimillion-pound skills and training programmes, and landmark original TV and film productions.

    This announcement is the latest sign that the government’s Plan for Change is working – making Britain the best place to do business, creating jobs, and putting more money in working people’s pockets.

    It follows the publication of the modern Industrial Strategy, which marks a new era of collaboration between government and high growth industries slashing energy bills for industry, increasing skills, and boosting investment to unlock the UK’s economic potential.

    Prime Minister Keir Starmer, who met Amazon’s CEO last week ahead of the announcement, said:

    Amazon’s £40 billion investment adds another major win to Britain’s basket and is a massive vote of confidence in the UK as the best place to do business.

    It means thousands of new jobs—real opportunities for people in every corner of the country to build careers, learn new skills, and support their families.

    Whether it’s cutting-edge AI or same-day delivery, this deal shows that our Plan for Change is working—bringing in investment, driving growth, and putting more money in people’s pockets.

    Chancellor, Rachel Reeves, said:

    This investment is a powerful endorsement of Britain’s economic strengths.

    The world is changing, but this Government is working hand in hand with businesses to navigate that change to create jobs, wealth and opportunity in every corner of the country.

    Business and Trade Secretary Jonathan Reynolds will visit Amazon’s HQ in London to mark the announcement. There he will meet apprentices to talk about the importance of backing British skills just days after the Government announced a £275 million skills package to boost training and build a skilled workforce of the future.

    Business and Trade Secretary, Jonathan Reynolds said:

    Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, and seeing massive international firms like Amazon bank on Britain shows we are on the right track.

    This investment will create highly-skilled jobs and boost living standards across the country, and the £100 billion of investment we’ve secured in the past year shows our Plan for Change is already delivering for working people.

    Amazon are offering 1,000 new full-time apprenticeship roles this year, and already employs more than 75,000 people in over 100 sites across the UK. This new investment will supercharge its impact on local economies. The data centre investment alone is expected to contribute £14 billion to the UK economy over 5 years (2024-2028) and support 14,000 full-time equivalent jobs each year – many of them in small and medium-sized businesses.

    Amazon CEO, Andy Jassy, said:

    Amazon has been proud to serve our customers in the UK for the past 27 years. Thanks to their support, we’ve grown to be part of over 100 communities nationwide, from developing drone technology in Darlington to producing world-class entertainment at our studios in Bray. We now employ over 75,000 people and have become one of the UK’s largest private sector employers and taxpayers.

    When Amazon invests, it’s not only in London and the South East – we’re bringing innovation and job creation to communities throughout England, Wales, Scotland, and Northern Ireland, strengthening the UK’s economy and delivering better experiences for customers wherever they live.

    The announcement comes as UK business confidence hits a nine-month high, according to the latest Lloyds Business Barometer, with optimism boosted by falling interest rates and new trade deals with the EU, US and India – cutting costs for businesses and protecting jobs.

    Since the government was elected, interest rates have fallen four times, and the UK started the year as the fastest-growing economy in the G7. The government has also secured three major trade deals with the EU, US and India, which will cut costs for businesses, protect jobs and attract further investment.

    Notes to editors

    A release from Amazon will be available separately. A full media pack including a photo of the Prime Minister with Amazon’s CEO can be found here.

    Updates to this page

    Published 24 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: $KAPPA Reaches 10,000 Holders After Launch on Bonkfun, Backed by $MANEKI Team

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 24, 2025 (GLOBE NEWSWIRE) — The team behind the $MANEKI memecoin has officially announced a major early milestone for their latest project, $KAPPA. Launched earlier this month on the Bonkfun platform, $KAPPA has surpassed 10,000 unique holders within its first few weeks, marking a strong start for the folklore-themed token rooted in Japanese mythology and digital culture.

    Developed as a collaboration between the $MANEKI team and its longtime supporters, $KAPPA draws inspiration from the Japanese “kappa” — a legendary trickster creature — and the internet-famous Kappa emote. The project seeks to blend storytelling, community, and digital expression in a memecoin format native to the Solana ecosystem.

    The project launched on Bonkfun, one of the fastest-growing memecoin platforms, and is backed by the BONK community. Since its debut, $KAPPA has been listed on MEXC, CoinGecko, and CoinMarketCap, and is verified on Jupiter Aggregator, providing wide accessibility for new users. Billboards featuring $KAPPA have also appeared in several cities as part of the team’s community-driven awareness campaign.

    “With $KAPPA, we wanted to create something that unfolds slowly — building trust and intrigue through narrative, not hype,” said a spokesperson for the team. “We’re thrilled to see so much early support, and we look forward to growing this alongside the Solana community.”

    Unlike typical memecoins, $KAPPA did not rely on VC funding, influencer presales, or large team allocations. Instead, it adopted a fair and transparent launch model, designed to prioritize community engagement and decentralized growth.

    The founding team previously launched $MANEKI, which reached a $270 million market cap and partnered with football clubs such as Napoli SC and Sheffield United, even appearing on a Nasdaq billboard in Times Square and at the NYSE trading floor. With $KAPPA, they’ve shifted toward a more gradual, story-driven approach.

    The early traction signals growing interest in culturally infused tokens and signals that $KAPPA may be carving out a unique position within the memecoin space.

    For ongoing updates, visit https://kappameme.com or follow @kappaticker on X.

    Media Contact:
    KAPPA
    team@kappameme.com
    https://kappameme.com
    X (Twitter): @kappaticker
    7424 Sunset Blvd, Los Angeles, CA 90046

    Disclaimer: This press release is provided by the KAPPA. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c015bb6-b86f-4d6d-8030-27924dbb24f3

    The MIL Network –

  • MIL-OSI: Zinemx Exchange Launches Multi-Functional Crypto Wallet to Enhance Asset Management

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 24, 2025 (GLOBE NEWSWIRE) — According to crypto asset security reports, software vulnerabilities, forgotten passwords, lost devices, paper wallets destroyed in incidents like the Los Angeles wildfire, and unbacked data can all lead to asset loss. To address these issues, Zinemx Exchange has introduced an innovative wallet security solution. Zinemx Wallet supports multi-chain asset management, encrypted private key storage, and multi-factor authentication, providing a more secure and convenient crypto asset management service.

    Multi-Chain Asset Management

    Zinemx Wallet supports mainstream crypto assets such as BTC, ETH, and USDT, and is compatible with major token standards, allowing users to manage various crypto assets within a single wallet—eliminating the need to switch between multiple platforms. The wallet features a built-in intelligent asset management system, enabling users to easily view asset allocation, transaction history, and real-time market data, helping investors manage and optimize their crypto portfolios more efficiently.

    Encrypted Private Key Storage

    To maximize user asset security, Zinemx Wallet employs local encrypted private key storage technology, ensuring that private keys are never stored on any centralized server, thereby eliminating the risk of hacking or data breaches. The wallet utilizes multi-party computation technology for private key sharding, so even if a device is lost, users can recover their assets through a recovery mechanism. The wallet also supports offline signing, ensuring transactions can be securely executed in offline environments and preventing assets from being stolen by malicious software or phishing attacks.

    Expanding Web3 Applications

    Zinemx Exchange plans to launch more crypto products, including decentralized identity, asset custody, and data analytics systems. Zinemx Wallet will further optimize cross-chain technology, improve asset transfer efficiency, and add more on-chain interaction features.

    Zinemx Exchange is deepening its crypto financial ecosystem, striving to provide users with more comprehensive asset management solutions. Amid the rapid growth of the crypto asset market, Zinemx will continue to drive technological innovation, helping global users manage their crypto assets with ease and embrace the future of crypto finance.
    Media contact: support@zinemx.org
    Disclaimer: This press release is provided by Zinemx Exchange. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.
    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2deb3e9-43b2-404f-8423-21f991f248bd

    The MIL Network –

  • MIL-OSI: Zinemx Launches Options Trading to Empower Investors with Diversified Trading Opportunities

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 24, 2025 (GLOBE NEWSWIRE) — As global listed companies and funds accelerate their deployment in crypto assets, Zinemx Exchange has introduced options trading, supporting a variety of options strategies to provide institutional investors with more flexible risk management and profit opportunities. The options profit calculator and strategy simulation system help clients develop optimal investment plans and reduce uncertainties caused by market volatility.

    At Zinemx Exchange, investors can use options to hedge against market fluctuations, minimizing potential losses during periods of sharp price movements. The leverage effect allows investors to control larger market positions with relatively small capital input, improving capital efficiency. Investors can also employ different options combination strategies to profit flexibly in both rising and falling markets.

    To help investors better understand and utilize options trading, Zinemx Exchange has launched a suite of intelligent trading tools. The options profit calculator enables users to input different market assumptions and instantly calculate the profitability of options positions, ensuring precise trading decisions.

    The strategy simulation system allows investors to simulate the performance of various options combinations in real market environments, optimizing trading strategies and reducing uncertainties brought by market volatility. The market data analytics of Zinemx Exchange provide real-time options market data, helping users keep abreast of market trends.

    The options trading functionality of Zinemx Exchange is designed not only for individual investors but also offers a more reliable trading environment for institutional clients. The platform supports large order matching, batch trading APIs, intelligent risk control systems, and provides customized liquidity solutions to meet the professional needs of institutional investors in crypto derivatives.

    The launch of options trading marks a significant breakthrough for Zinemx Exchange in crypto financial innovation. In the future, the platform plans to further expand its derivatives market, introduce more innovative trading tools, and remain committed to building a more comprehensive crypto asset trading ecosystem, delivering superior trading services to investors.
    Media contact: support@zinemx.org
    Disclaimer: This press release is provided by Zinemx Exchange. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.
    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ae82a8b-0d56-43ce-87a8-78efd21cdf1d

    The MIL Network –

  • Indian stock market opens higher as geopolitical tensions ease

    Source: Government of India

    Source: Government of India (4)

    Equity benchmarks opened on a strong note on Tuesday, buoyed by easing geopolitical tensions in West Asia and positive cues from global markets. The rally followed an announcement by U.S. President Donald Trump declaring a ceasefire between Iran and Israel.

    The BSE Sensex rose 756.5 points, or 0.92%, to 82,653.33 in early trade, while the NSE Nifty climbed 229 points, or 0.92%, to 25,200.90. Broad-based buying was seen across sectors, with auto, IT, PSU banks and financial services stocks leading the gains.

    Analysts noted that the de-escalation in West Asia is likely to reduce volatility in crude oil and equity markets. “The sharp reactions in the crude oil and stock markets suggest the geopolitical situation is limping back to normalcy,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    The Nifty Bank index gained 557.25 points, or 0.99%, to trade at 56,616.60. The Nifty Midcap 100 rose 411 points, or 0.71%, to 58,617.80, while the Nifty Smallcap 100 was up 123.05 points, or 0.67%, at 18,443.95.

    Aakash Shah, Technical Research Analyst at Choice Broking, said the recovery in the Nifty and Bank Nifty indicates buying interest at lower levels, but added that a breakout above 25,200 and 56,300 respectively would be needed for a sustained rally. “Given the current environment of heightened volatility, investors should remain cautiously optimistic,” he said.

    In the Sensex pack, Adani Ports, M&M, UltraTech Cement, L&T, Titan, SBI, Asian Paints, Bajaj Finance and Bajaj Finserv were among the top gainers. NTPC, BEL and Trent were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) were net sellers on June 23, offloading equities worth ₹1,874.38 crore. In contrast, domestic institutional investors (DIIs) bought stocks worth ₹5,591.77 crore.

    Asian markets mirrored the optimism, with indices in Bangkok, Tokyo, Shanghai, Seoul, Hong Kong and Jakarta trading in positive territory.

    Overnight in the U.S., the Dow Jones closed at 42,581.78, up 374.96 points (0.89%). The S&P 500 gained 0.96% to end at 6,025.17, while the Nasdaq advanced 0.94% to 19,630.97.

    -IANS

  • MIL-OSI Australia: National Early Years Policy Summit

    Source: Murray Darling Basin Authority

    I acknowledge the traditional owners of the land we meet on today – the Jagera and Turrbal peoples – and pay my respects to their elders past and present.

    I extend that respect to all Aboriginal and Torres Strait Islander people here today.

    Ministers don’t get to choose their portfolio, but if I did, it would have been Early Childhood Education and Care.

    I’m proud to have been an early years advocate for many years, in my time representing educators with the Big Steps campaign – to respect and value this overwhelmingly female workforce.

    A workforce that was expected to love their work, but live with their low wages, for way too long.

    So it was already an honour to be a member of the Albanese Government team, and to be there in the chamber, with educators in the gallery, when Treasurer Jim Chalmers announced we would fund educators’ historic 15 percent payrise last May.

    And it’s a huge honour to continue our work, now as Minister, and to have the job of helping to deliver the Prime Minister’s ambition of universal early education for every child, no matter their postcode or what their parents do.

    “Together for our children”

    Today marks only five weeks in the job – so I feel like a combination of veteran and new starter.

    It is wonderful to have the opportunity to be in a room with so many experts and advocates who have been at the forefront of advancing early childhood development, with such impact. Big congrats to the Investment Dialogue for Australia’s Children for bringing together an amazing room of leaders.

    And I‘m really pleased that you’ll hear tomorrow from my friend and colleague Tanya Plibersek.

    The theme of the summit – Together for our children – couldn’t be more appropriate or timely.

    And I really look forward to working together with you to extend the benefits of quality early education to more children, in more families, in the locations that need it most.

    Value of ECEC – the opportunity

    I don’t need to tell people in this room the benefits of giving children the best start in life.

    And I don’t need to tell you about the evidence.

    We have known the benefits of high quality early learning for decades.

    In particular, the importance of play-based learning to support language development, problem-solving, and emotional regulation.

    To foster curiosity and confidence.

    To ready children for school and for life.

    And if high quality early learning is good for all children, we know it is even better for children from disadvantaged backgrounds.

    So if we care about all children having the best start, we have to care about quality education and care.

    I know that for many people in this room, this week’s release of the 2024 Australian Early Development Census only serves to underscore the importance of continued government investment in quality early learning.

    There is more to do.

    And when there’s work to be done, it’s always important to consider where we’ve come from, to chart the best path forward.

    Ambition and past progress

    This country has a proud history of great reforms in early education.

    Reforms like those of the Rudd-Gillard Government to:
    •    Deliver our world-leading National Quality Framework
    •    Mandate educator to child ratios
    •    Establish minimum qualifications for educators
    •    Increase access to early learning for indigenous children
    •    And launch the first national curriculum

    And as a result of these reforms, the trajectory of quality in early education has consistently been one of improvement, to this day.

    These historic reforms happened because of a combination of values and leadership, and unity of purpose.

    Values that every child deserves the opportunity to grow and learn and be ready for the future, no matter where they live or what their parents do.

    Leadership like that shown by Julia Gillard, Jenny Macklin and Kate Ellis who knew the evidence that early education is a gamechanger, and acted on it.

    Leadership reflected in the advocacy of so many in this room, to achieve so much reform in those critical years.  

    And unity of purpose, as the sector came together to engage with government to advance their commitment to professionalisation and quality.

    Towards universal ECEC

    Those same values and leadership have underpinned the work of my colleague and Cabinet Minister Jason Clare and my predecessor Anne Aly who have continued the significant journey of the previous Labor government.

    Their focus has been to build out four pillars of universal early education.

    And critically, again, the sector has united to embrace reform and make it happen.

    In particular, to build the first pillar of reform – a stable and respected workforce.

    We know that our 15% payrise is already paying big dividends.

    I’ve heard the difference its made again and again as I’ve visited centres. It helps with the bills. It helps educators to save more and stress less.

    And by valuing our dedicated educators in their pay packets, we are seeing significant reductions in staff turnover, as educators see a future in the jobs they love.

    And that future means more children are enjoying the ongoing relationships and connections with educators that they need to thrive.

    It means more quality early education delivered to families.

    Second, we are building more affordable early education and care through:
    •    Our changes to the Child Care Subsidy. Today a family on $120,000 per year is more than $4,600 better off – having cut their out of pocket costs by more than a third.

    •    And through our 3 Day Guarantee replacing the Activity Test – a test which excludes children from early learning based on what their parents do, not what’s best for them.

    •    The 3 Day Guarantee will be in effect from January, with an entitlement for every child of 72 hours per fortnight subsidised early learning.   And for First Nations children that is a full 100 hours per fortnight.

    The third pillar is building supply in areas that need it the most, with our billion dollar Building Early Education Fund to deliver early learning in underserved areas in outer suburbs and regions.

    A big commitment from the Commonwealth to extend early education into those child care deserts that leave so many children behind.

    And the final pillar is quality and safety.

    There is no quality without a stable workforce that can stay in jobs they love.

    And there is no quality without putting safety first.

    In recent months we have all seen images which are hard to watch.

    It can both be true that the actions we have seen are utterly unacceptable and must be stopped, and that the vast majority of children are safe and well cared for by outstanding professionals.

    Professionals who tell me they feel betrayed by what they are seeing and reading.

    Yesterday we announced tougher child safety rules that have  been agreed by all governments, including 24 hour mandatory reporting, and restrictions on the use of personal mobile devices in centres.

    And, the Commonwealth is exploring using our powers to crack down on dodgy operators that put profit before children’s safety by restricting their access to Commonwealth funding – cutting off the Child Care Subsidy for existing repeat offenders, and preventing further expansion.

    Ensuring that children are safe, and that their families are confident of this, underpins everything we are doing now, and all of the reform that we want to lead.

    Bringing the system “together for our children” to create change

    To conclude, right now, we are building the pillars of universal early education – workforce, affordability, accessibility, and quality.

    As we build towards universal early learning and care, we have:
    •    A mountain of evidence of the benefits; 
    •    Shared values and leadership, in this room and beyond 
    •    A sector uniting for reform
    •    And – critically – a Prime Minister who sees and understands the benefits of universal early education, and is ready to build on our proud Labor legacy in the early years.

    Everyone in this room has a stake in helping to build that future, and nobody can do it alone.

    And I know you have many ideas and much expertise to make change happen.

    Change that gives children the best start, no matter their postcode or what their parents do.

    I look forward to working with all of you to deliver that future. 
     

    MIL OSI News –

  • MIL-OSI China: World embraces ‘cool’ Chinese creativity with zeal

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

    Right beside the Louvre in Paris, a limited-edition Mona Lisa-inspired collectible toy known as Labubu was fueling a buying frenzy at a store of Chinese toy giant Pop Mart.

    Also, in Times Square, New York, the fiery-wheeled Ne Zha appeared on a giant screen earlier this year, kicking off a wave of overseas screenings of this Chinese animated hit.

    Additionally, at the ongoing Expo 2025 in Osaka, China-chic interactive experiences such as a Wukong with artificial intelligence (AI) at the China Pavilion have attracted hundreds of thousands of visitors within just a month of its opening.

    Notably, an increasing number of creative and diverse Chinese cultural products have become global sensations in recent times. Empowered by this trend, China’s cultural presence abroad is undergoing a paradigm shift while unveiling a youthful image, with many overseas audiences expressing admiration for how “cool” the country is becoming.

    LABUBU’S GLOBAL REACH

    At the Pop Mart store in K11 Art Mall in Hong Kong Special Administrative Region in south China, long queues form regularly. Thai tourist Bonn patiently followed the crowd and finally secured her shopping fix after nearly 30 minutes of waiting. During her trip to Hong Kong, she had spent around 3,000 Hong Kong dollars (about 382 U.S. dollars) on merchandise.

    “Wherever I go, I always visit the local Pop Mart to stock up,” Bonn said. She especially adores the cute Labubu character and has collected hundreds of differently costumed figurines since getting hooked last year.

    “I dress the figurines up and even take them traveling with me,” she added.

    Recently, this sharp-toothed, rabbit-eared forest sprite has gained global popularity. Stores frequently sell out, while prices surge in secondary markets. According to Pop Mart, thanks to original IPs like Labubu, the company’s overseas revenue in the first quarter of 2025 had surged by 475 to 480 percent year on year.

    Created by a Hong Kong artist and blending Nordic mythology with Chinese design, Labubu has struck a global emotional chord. Thai authorities labeled it an “Amazing Thailand Experience Explorer,” its theme song was sung on the streets of Barcelona, and it was even “invited” to attend Milan Fashion Week.

    “Great intellectual properties (IPs) have the power to transcend cultures,” said Chen Xiaoyun, vice president of Pop Mart International Group Limited, adding that the company is committed to creating IPs with diverse aesthetics and gathering global creativity.

    “The export of such new mass culture shows the world what a ‘Cool China’ looks like, while offering universal appeal that resonates through cultural creativity,” wrote Zhang Yiwu, a professor at Peking University.

    TECH-DRIVEN CULTURAL INNOVATION

    The video game “Black Myth: Wukong” is another recent cultural phenomenon from China that is yielding international acclaim. Not long after the game was released, a reaction clip posted by British gaming streamer “itsjavachip” went viral, as she was moved to tears by the emotional storyline of Bajie in the game, earning her a fanbase of Chinese followers.

    Last month, “itsjavachip” was invited to China to visit the production set of another original martial arts-themed Chinese game. At the studio, she learned martial arts moves, donned a black outfit and experienced wire-assisted motion capture firsthand.

    Calling it an “absolutely amazing” experience, she said that playing a character in the game would be a dream come true.

    Employing cutting-edge simulation technologies, “Black Myth: Wukong” immerses players in scenes such as ancient buildings in Shanxi and the picturesque landscapes of the Jiangnan region. As of the end of last year, the game had sold 28 million copies worldwide, generating over 9 billion yuan (about 1.24 billion U.S. dollars) in revenue within five months of its release.

    In 2024, domestically developed Chinese games generated actual overseas sales revenue of more than 18.55 billion U.S. dollars, marking a year-on-year increase of 13.39 percent. The success of Chinese games abroad highlights the dual driving forces of traditional culture and intelligent digital technology.

    In the realm of traditional culture, digitization is also breaking geographical barriers and becoming a “digital window” helping global audiences to better understand China.

    As of May this year, the Palace Museum had digitized about 52 percent of its collection; the flying apsaras of Dunhuang “dance gracefully” on the screen through digital technology; the Zenghouyi chime bells are “struck” in a digital world…

    “I can directly scan artifacts and learn relevant information through it,” said Italian blogger Massimo, who couldn’t help but exclaim while holding the AR guide at Henan Museum.

    Such “coolness” can help China’s content industry attract a wider global audience, said Kevin Kelly, founding executive editor of Wired magazine.

    FROM CONNECTION TO CO-CREATION

    Through China’s cultural exports, global audiences are not only able to connect and empathize with their content, but are also co-creating something even bigger.

    British web fiction writer JKSManga was initially a devoted reader of Eastern fantasy web novels such as “Soul Land.” A few years ago, he registered on WebNovel, an online literature platform under China Literature Limited, and started writing his own works. His breakout series “My Vampire System” has garnered over 73 million reads and has been adapted into multiple formats.

    For JKSManga, being urged by readers to update his stories is a source of great joy. He describes the writing process as a form of social interaction, a sharing based on shared values.

    As of November last year, WebNovel had around 6,000 translated Chinese web novels and was home to nearly 450,000 overseas authors and 680,000 original works by overseas authors.

    Hou Xiaonan, CEO and president of China Literature Limited, said that online literature has become a global cultural phenomenon, not only because of the global spread of Chinese IP, but also thanks to the globalization of the Chinese IP model itself.

    Meanwhile, Ye Xiu, protagonist of the popular Chinese web novel “The King’s Avatar,” was recently “invited” by Swiss authorities to serve as a “travel ambassador,” offering fans an innovative immersive experience.

    Wei Pengju, senior researcher at the Central University of Finance and Economics in Beijing, said China’s cultural trade has evolved into a hybrid export model of “digital content + IP operations + technological services,” and that Chinese cultural exports have entered a new phase highlighting content, empowered by technology, and featuring co-creation.

    Via such cultural interactions, with wider opening up, broader innovation and deeper cooperation, China stands ready to share with the rest of the world an ever-cooler China. 

    MIL OSI China News –

  • MIL-OSI: Cielo Provides Update on Settlement Agreement, Shareholder Meeting and Webinar, and Units for Debt Transactions

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) today provides an update on the Settlement Agreement, Securities for Debt Transactions, and Shareholder Meeting (each as defined below).

    Settlement Agreement

    Cielo had previously announced the execution of a settlement agreement (the “Settlement Agreement”) with Expander Energy Inc. (“Expander”) and certain directors, shareholders and related parties of Expander (collectively and together with Expander, the “Settlement Parties”). The Settlement Agreement provides for the effective unwinding, to the extent possible, of certain previously disclosed transactions (the “Transactions”) completed between Cielo and the applicable Settlement Parties, including Expander, pursuant to and in connection with an amended and restated asset purchase agreement dated November 8, 2023, as amended on September 16, 2024 (the “APA”). The unwinding was expected to take effect on June 13, 2025 (the “Closing Date”), subject to completion of certain closing conditions, including the payment of an aggregate amount of C$748,208.79 (the “Payment”) to the applicable Settlement Parties, including Expander, in full and final satisfaction of all and any outstanding fees owing by the Company. Cielo was unable to make the Payment in accordance with the Settlement Agreement. Cielo has received a notice of breach of the Settlement Agreement from Expander as a result however Cielo continues to make efforts to make the Payment and is in discussions with Expander and the Settlement Parties with respect to the extension of the Closing Date on mutually agreeable terms.

    Shareholder Meeting and Webinar

    As previously disclosed, Cielo’s shareholder meeting (the “Shareholder Meeting”) will be held on Tuesday, June 24, 2025. As the Company has received no advance notice of any other nominations in accordance with Cielo’s Advance Notice Policy, only the incumbent directors of the Company, being Mr. Ryan Jackson, Ms. Sheila Leggett, Mr. Peter MacKay and Mr. Larry Schafran, will be considered, and are anticipated to be elected, at the Shareholder Meeting.  

    Details on the Shareholder Meeting are contained in a Notice of Meeting and Management Information Circular (the “Meeting Materials”) that was mailed to shareholders of Cielo as of the record date filed on SEDAR+, and are also available on the Company’s profile on www.sedarplus.ca.

    The Shareholder Meeting will be held in person at 11am Mountain Time/1 pm Eastern Time. The formal portion of the Shareholder Meeting will be followed by a presentation and question answer period in person and by webcast (the “Webinar”). Shareholders who attend the Webinar will be able to hear the formal portion of the Shareholder Meeting but will not be able to vote at or otherwise participate. Once the formal portion of the Shareholder Meeting has concluded, those who attend the Webinar may view the presentation and participate in the question-and-answer period. Those who wish to attend the Webinar may register in advance of the Shareholder Meeting using the following link: Cielo AGM Webinar

    Securities for Debt Transactions

    In a news release issued on May 16, 2025 (the “May 16 PR”), Cielo announced the anticipated settlement of an aggregate $1,797,195 (the “Original Aggregate Debt Amount”) through the issuance of securities of the Company (the “Securities for Debt Transactions”), subject to the approval of the TSX Venture Exchange (the “Exchange”). The Company would like to make a correction to the May 16 PR, which stated that the Company anticipated the issuance of 35,943,847 Repayment Units (as defined below), whereas the correct number of Repayment Units anticipated to be issued at the time of the May 16 PR was 33,433,120 Repayment Units.

    The Company has also agreed to increase the Original Debt Amount to $1,967,766 (the “Aggregate Debt Amount”). As a result of the increase, the Company intends to issue:

    • 33,523,132 units of the Company (each, a “Repayment Unit”, collectively the “Repayment Units”) in aggregate to the Creditors at a price of $0.05 per Unit, to settle $1,676,167 of the Aggregate Debt Amount (the “Units for Debt Transactions”), the terms of which were described in the May 16 PR; and
    • 5,832,180 common shares of the Company (the “Repayment Shares”, together with the Repayment Units, collectively the “Repayment Securities”) at a price of $0.05 per Repayment Share (the “Shares for Debt Transactions”) to two (2) Insiders of the Company (as that term is defined in the policies of the Exchange) to settle $291,609 of the Aggregate Debt Amount owing to the Insiders. No warrants will be issued to the Insiders.

    The Shares for Debt Transactions with the Insiders are considered to be “related party transactions” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction (“MI 61-101”). The Company will rely upon the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in section 5.5 (a) and 5.7(1) (a), as the fair market value of the Shares for Debt Transactions does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

    The Units for Debt Transactions and the Shares for Debt Transactions are subject to the approval of the Exchange. Upon approval and issuance, the Repayment Securities will be subject to a hold period of 4 months.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    ABOUT CIELO

    Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value renewable fuels. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan C. Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: the Settlement Agreement, including any extension to the Closing Date and related terms; the Shareholder Meeting, including the date thereof, the re-election of incumbent directors, and the Webinar; and the Securities for Debt Transactions, including the amounts and other terms of the Units for Debt Transactions and Shares for Debt Transactions, including but not limited to the number of Repayment Shares and Repayment Units to be issued, the price, and the MI 61-101 exemptions to be relied upon.

    Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although the Company has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    The MIL Network –

  • MIL-Evening Report: Data gaps and demographic change: the end of the NZ census will create big blind spots

    Source: The Conversation (Au and NZ) – By Paul Spoonley, Distinguished Professor, College of Humanities and Social Sciences, Te Kunenga ki Pūrehuroa – Massey University

    Getty Images

    Ending the New Zealand census as we’ve known it will save money – it was “no longer financially viable”, according to Statistics Minister Shane Reti – but the true cost of those savings could be considerable.

    Of course, it’s no secret the two previous censuses raised major questions about the quality of census data and the process. In 2018, an untested experiment with online returns, and a reduced workforce in the field, saw “an unacceptably low response rate”.

    In 2023, StatsNZ had to apologise again, this time for failing to keep the collected data safe and for another low response rate, especially for Māori. The problems were compounded by low trust in government and an unwillingness to share private information in the wake of COVID-related misinformation.

    It didn’t help that the 2023 census cost NZ$325 million, up from $104 million in 2013 – double the amount per capita, for reasons that remain unclear.

    That was enough. Cabinet papers between March and May last year signalled the government was going to move to an alternative system of data collection. The shift was characterised as “modernising the census” – except there will be no census.

    But the change has been made without any apparent consideration of how the census is used – specifically, that it is crucial to the management of a modern society and economy – and what will be lost in the process.

    Comparison across time

    One of the primary functions of a census is to allow comparison with previous censuses over time. And these go back a long way.

    The first census, in 1851, collected data on Europeans only, although the Native Secretary provided details of Māori from 1849 to 1850. The Census Act of 1858 required that a national census of all Europeans take place every three years. A new act in 1877 introduced the five-yearly census we’ve become used to.

    Data on Māori was collected separately until 1916 when a question on “race” appeared. The 1926 Census and Statistical Act then required all individuals, including Māori, to complete the census forms.

    Depression and war meant there were no censuses in 1931 and 1941, and the 2011 census was delayed because of the Christchurch earthquakes. Otherwise, we have had regular updates from nearly all the resident population on a whole range of aspects of life in New Zealand.

    This comprehensive picture of New Zealanders and the way we live underpins nearly every aspect of political decision-making and policy development. But no more.

    The new approach will use existing administrative data collected by government departments and agencies as part of their normal business. ACC, Inland Revenue, the Ministry of Social Development, Ministry of Education, and Department of Internal Affairs will be key data sources.

    The data gaps will be addressed by asking those departments and agencies to change some of what they collect. But the main change will involve surveys – as yet unspecified in terms of sample size or frame, or the questions and topics to be covered – which will “verify data quality and fill gaps”.

    As well as saving money, the statistics minister says, this approach will provide “more timely insights”. But this all leaves important questions unanswered.

    Inadequate administrative data

    Administrative data is collected for specific purposes and in different ways by government departments and agencies. The coverage is incomplete, there is often no consistency in what is collected, and there are issues about data quality and robustness.

    Moreover, information management is not a particular strength of most public sector agencies (Inland Revenue might be one of the few exceptions). It will be interesting to see whether the government is prepared to fund new technology options and methods to help improve this data collection.

    For example, the Understanding Policing Delivery research project has identified issues with data collection, especially in relation to ethnicity: national intelligence activities collect and hold data on ethnicity, iwi and hapū affiliations, but the process for issuing police infringement notices for offending does not.

    As a StatsNZ exercise which looked at ethnicity data collection across the government sector noted:

    The question asked for ethnicity differs widely across administrative data sources and often differs within each administrative source depending on the mode of collection or the form used.

    Such inconsistencies will need to be rectified if administrative data is to be anything like as comprehensive and consistent as the data provided by the census.

    Major demographic change

    New Zealand is also undergoing major demographic change, including the following trends:

    • fertility has declined and is at sub-replacement levels

    • the population is rapidly ageing

    • the proportion of population living in the top half of the North Island is increasing

    • and immigration has contributed significantly to population growth and diversity.

    I am not convinced the new administrative approach will capture these demographic changes, much less good data on the wellbeing of various communities or the nature of families and households.

    Administrative data, by definition, is partial and suited to the particular activities and concerns of the agency or department in question. But in a modern, complex society, data is key. We have just lost one of the most powerful tools available for understanding this country in the 21st century.

    The author acknowledges Len Cook, former Government Statistician of New Zealand, for his comments and suggestions.

    Paul Spoonley has received funding from MBIE and is associated with Koi Tu.

    – ref. Data gaps and demographic change: the end of the NZ census will create big blind spots – https://theconversation.com/data-gaps-and-demographic-change-the-end-of-the-nz-census-will-create-big-blind-spots-259663

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Apollo Provides $750 Million High Grade Capital Solution to Mumbai International Airport Ltd. in Second Transaction

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and MUMBAI, India, June 23, 2025 (GLOBE NEWSWIRE) —

    Apollo (NYSE: APO) today announced that Apollo-managed funds, affiliates and other long-term investors have completed a $750 million investment grade rated financing for the Mumbai International Airport Ltd. (MIAL), an Adani Portfolio company and subsidiary of Adani Airports Holdings Limited (AAHL), India’s largest private airport operator, that operates Chhatrapati Shivaji Maharaj International Airport (CSMIA), the second largest airport in India.

    The 4-year senior secured notes will primarily refinance existing debt, enhancing MIAL’s financial flexibility to support operations, modernization and sustainability initiatives. The structure also allows for up to $250 million in additional funding to accelerate capital expenditure and capacity expansion. The transaction represents one of the largest private investment grade rated deals in India’s infrastructure sector.

    “Working with the Adani Group, we are pleased to deliver a scaled, bespoke capital solution for MIAL, supporting a critical infrastructure asset and the next phase of its ambitious growth capex plans,” said Apollo Partner Jamshid Ehsani. “This marks Apollo’s second large financing for MIAL, having previously provided operational flexibility to deleverage and now delivering an investment grade rated solution.”

    Mr. Arun Bansal, CEO of AAHL, added, “This financing provides us with greater operational flexibility and positions us to further enhance the airport experience for millions of travelers. With Apollo’s continued support and the Adani Group’s proven execution capabilities, we are well-positioned to realize our vision of transforming MIAL into a world-class asset with a focus on efficiency, comfort and sustainability.”

    Matt Michelini, Partner and Head of Asia-Pacific at Apollo, commented, “As one of the fastest growing global economies, India is an attractive market for hybrid and credit financing, particularly opportunities underpinning critical, next-generation infrastructure. It is a key market for Apollo in Asia, and one where we believe we can serve as a long-term capital partner to leading companies and families.”

    CSMIA, a cornerstone of India’s aviation infrastructure, is part of Adani Airport Holdings Limited’s (AAHL) network of eight airports. AAHL is responsible for developing airport infrastructure assets across India and is a core growth vertical of the Adani group.

    MIAL remains committed to sustainability, aligning with the UN Sustainable Development Goals through initiatives such as transitioning to electric vehicles, enhancing energy-efficient operations, strengthening water conservation measures and accelerating efforts to achieve net zero emissions by 2029, reflecting its leadership in sustainable airport operations.

    Allen & Overy LLP and Cyril Amarchand Mangaldass served as legal counsel to MIAL. Milbank LLP and Khaitan & Co served as legal counsel to Apollo.

    About Apollo
    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    About MIAL
    Mumbai International Airport Ltd. (MIAL) is managed by Adani Airport Holdings Limited, a subsidiary of Adani Enterprises. MIAL operates under a Public-Private Partnership model, with AAHL holding a 74% stake and the Airports Authority of India holding 26%. MIAL is at the forefront of redefining airport infrastructure in India, with a vision to create a vibrant, integrated aerotropolis in Mumbai.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI Canada: Joint Statement on the Visit to Ottawa of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates

    Source: Government of Canada News

    Ottawa, June 23, 2025

    The Honourable Anita Anand, Minister of Foreign Affairs, hosted His Highness, Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), for a visit to Canada from June 19 to 20, 2025. The visit reaffirmed the shared commitment of Canada and the UAE to deepen bilateral cooperation across trade, investment, innovation, people-to-people ties, international development, and regional peace and security.

    During the visit, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with the Right Honourable Mark Carney, Prime Minister of Canada. The two sides discussed the growing ties between Canada and the UAE. On behalf of HH Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, HH Sheikh Abdullah bin Zayed Al Nahyan extended to Prime Minister Carney an invitation to visit the UAE this year.

    Canada and the UAE will continue to deepen their bilateral relationship by exploring new opportunities for cooperation, with particular emphasis on economic ties. Both countries welcomed the launch of the Dubai Chambers office in Toronto—the organization’s first in North America—which will serve as a strategic platform to foster deeper commercial ties. The Honourable Maninder Sidhu, Canada’s Minister of International Trade, attended the launch of the International Dubai Chambers alongside His Excellency Sultan bin Saeed Al Mansoori, the UAE Foreign Minister’s Envoy to Canada. The new office comes as part of the Dubai Global initiative and deepening economic ties with Canada. This opening reflects a shared ambition to unlock new opportunities for collaboration in priority sectors, including artificial intelligence, energy and infrastructure, and underscores Canada’s important role in the UAE’s global trade and investment strategy.

    Both countries also recognized the important role of the Canada-UAE Business Council in bringing together business leaders from both countries to develop actionable business opportunities and advance national economic objectives. Building on the strong foundation of institutional partnerships—exemplified by the global collaboration between Caisse de dépôt et placement du Québec and DP World across 15 ports and logistics parks—both countries expressed their intent to pursue new avenues for strategic investment and long-term economic engagement. Canada and the UAE reiterated their commitment to the swift conclusion of the ongoing negotiations for a Foreign Investment Promotion and Protection Agreement (FIPA).

    The Honourable Maninder Sidhu, Canada’s Minister of International Trade, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, co-led a business round table on June 19, 2025, organized by the Canada-UAE Business Council.

    Artificial Intelligence, Emerging Technologies, and Digital Innovation: Recognizing the transformative potential of artificial intelligence (AI), both countries reaffirmed their interest in exploring collaboration in this critical domain. Canada, home to one of the world’s most dynamic AI ecosystems, recently appointed its first Minister of Artificial Intelligence and Digital Innovation, reflecting a renewed national commitment to responsible AI leadership. The UAE, a global leader in AI and the first to appoint a Minister of State for AI, has articulated a dedicated foreign policy position on AI, emphasizing principles of international cooperation, sustainable development and responsible governance. In this regard, the UAE continues to invest in talent development, infrastructure and technology-access frameworks.

    The Ministers welcomed ongoing dialogue between institutions and stakeholders to explore cooperation in AI and emerging technology research, commercialization, and responsible deployment. Both sides emphasized the importance of inclusive, secure, responsible, and sustainable AI development that supports innovation and economic growth.

    Water: Both countries recognized that water lies at the core of climate action, affirming their shared commitment to addressing global water challenges. Both sides underscored the need to strengthen international cooperation, highlighting the upcoming 2026 UN Water Conference, to be co-hosted by the UAE and Senegal, as a key opportunity to advance global water efforts. They also stressed the importance of investing in water technology and innovation to scale up water-scarcity solutions, as exemplified by the UAE’s launch of the Mohamed bin Zayed Water Initiative in early 2024. 

    Energy and Natural Resources: Canada and the UAE reaffirmed their shared commitment to advancing energy security and accelerating a just transition to a low-carbon economy. The UAE’s growing investment footprint in Canada demonstrates the strong commercial foundation for future cooperation. Canada welcomed the UAE’s interest in formalizing energy collaboration. Canada recognized the UAE’s pioneering efforts in the energy sphere and welcomed the UAE’s interest in promoting greater energy collaboration on an international level. Canada also expressed support for continued dialogue on joint initiatives in decarbonization, liquified natural gas, nuclear, hydrogen, and critical mineral value chains. In this context, Canada and the UAE highlighted their dedication to build on their current ties in the fields of energy and critical energy-transition minerals, while including a focus on promoting investment opportunities and enhancing mutual investment attraction.

    International Peace and Security: Canada and the UAE reiterated their shared commitment to promoting peace, stability, and inclusive prosperity across the Middle East and beyond. Both countries emphasized the importance of sustained diplomatic engagement, humanitarian leadership, and multilateral cooperation in addressing geopolitical challenges. They unequivocally condemned all acts of terrorism. They reaffirmed the importance of maintaining and promoting peace and coexistence and their rejection of intolerance, hate speech, discrimination and all forms of extremism.

    Canada and the UAE also restated that the principles of dialogue, adherence to international law, and respect for state sovereignty are essential to resolving the conflict between Israel and Iran. Both sides stressed the need for an immediate and permanent ceasefire in Gaza; the release of all remaining hostages; and the urgent, sustainable, unhindered, at-scale flow of aid to address the appalling humanitarian catastrophe. Canada and the UAE also underscored the importance of sustained efforts to advance a serious political horizon toward the two-state solution. The Ministers reaffirmed the urgent need for de-escalation and urged all parties to refrain from actions that further destabilize the region. Both sides reasserted that diplomatic engagement remains essential to ensuring long-term regional stability and international security.

    Joint Committee for Cooperation: Both countries are actively using the Joint Committee for Cooperation (JC) as a strategic platform to drive forward a deeper, more institutionalized partnership. Through regular, high-level dialogue, the JC is advancing collaboration in priority areas such as trade and investment, defence and security, and climate and energy. Canada will host the next Ministerial meeting, reinforcing the shared commitment to sustained, results-driven engagement.

    International Development Cooperation: Canada and the UAE reaffirmed their mutual determination to address pressing global development and humanitarian challenges. Canada welcomed the UAE’s role as a global development and humanitarian partner. Recognizing the unprecedented scale and severity of humanitarian crises around the world, Canada and the UAE reaffirmed their shared commitment to cooperate closely in delivering assistance and empowering communities. Both countries underscored the importance of this partnership, and committed to leveraging their complementary strengths, particularly during a time of intensifying conflicts around the world.

    Canada commended the UAE’s global leadership in humanitarian and mediation efforts, including in Gaza, where the UAE has emerged as the largest bilateral aid donor, and in Ukraine, where the UAE has facilitated 15 prisoner-of-war exchanges, consistent with Canada’s ongoing efforts to address the human dimension of the war. These efforts underscore a shared commitment to upholding international humanitarian law and fostering dialogue in times of conflict. Both sides emphasized the importance of pursuing durable and just solutions grounded in international law and inclusive political processes. They expressed their mutual intent to continue working together on their shared goals of advancing stability and development, promoting tolerance and coexistence, protecting human dignity, and addressing hate speech, discrimination and all forms of extremism.

    People to People: Canada and the UAE celebrated their deepening people-to-people ties, which serve as a cornerstone of the growing bilateral partnership. Canada welcomed the increasing number of Emirati students in Canadian higher education institutions, reflecting mutual recognition of academic excellence. The UAE acknowledged the valuable contributions of the more than 60,000 Canadians living and working in the Emirates, who continue to enrich the diversity, innovation and vibrancy of UAE society.

    The two countries also stressed their shared commitment to cultural exchange and intercultural dialogue to foster mutual understanding and respect. Both sides recognize the landmark presentation of the “As the Sun Appears from Beyond” exhibition, which celebrates the richness and diversity of contemporary Islamic art, and recently showcased in Toronto through a partnership between the Aga Khan Museum and the UAE Ministry of Culture.

    Conclusion: The two sides reaffirmed their strong and growing relationship, rooted in mutual respect, shared objectives, and a common vision for sustainable prosperity and global stability. The visit marked a significant step forward in the Canada-UAE relationship. Both countries are committed to maintaining high-level engagement, concluding further mutually beneficial instruments, and building a durable, forward-looking partnership that delivers tangible benefits for their peoples and contributes to global peace and prosperity.

    MIL OSI Canada News –

  • MIL-OSI Australia: Cracking the code of early onset bowel cancer: the search for 10 key biomarkers

    Source:

    24 June 2025

    Bowel cancer is no longer just a disease of the elderly. In Australia and around the world, there’s been a concerning rise in bowel cancer cases among people under 50, and no one yet knows exactly why.

    Leading cancer researcher Professor Michael Samuel – from the Centre for Cancer Biology based at the University of South Australia and the Basil Hetzel Institute for Translational Health Research – is at the forefront of a major effort to find answers.

    Backed by a $573,833 grant from Bowel Cancer Australia through Cancer Australia, his team has launched a three-year research project to uncover why younger people are increasingly affected and why a significant number of patients relapse after treatment.

    “We’ve come a long way in the fight against bowel cancer,” Professor Samuel explains. “Thanks to better screening, fewer people are dying from it. But early-onset cases are growing, and that’s a mystery we urgently need to solve.”

    Recent statistics from the University of Melbourne show that someone born in 1990 is up to three times more likely to be diagnosed with bowel cancer than someone born in 1950.

    And the challenge doesn’t end with diagnosis.

    About one-third of patients who have their bowel cancer surgically removed later see the cancer return, but there’s currently no way to predict who’s at risk. In people under 50 diagnosed with cancer, the relapse rate is closer to 50%.

    “That means that some people are going through intense monitoring and therapy that they might not need, while others who opt out may end up facing a relapse that could have been prevented,” says Professor Samuel. “It’s not good enough. We need tools to predict, prevent, and personalise treatment.”

    This is where the team’s breakthrough focus comes in: 10 key biomarkers. These biomarkers (chemicals produced by tumours) are being investigated as potential indicators of both the risk of developing early-onset bowel cancer and the likelihood of a recurrence.

    Over the past 12 months, Professor Samuel’s team has worked intensively to lay the groundwork for this biomarker research. Their goal is to use what they learn to:

    • Identify people at higher risk of early-onset bowel cancer
    • Predict which patients are likely to experience a relapse
    • Help guide more accurate and personalised treatment plans
    • Reduce unnecessary treatments and the side effects they bring.

    Bowel Cancer Australia CEO Julien Wiggins says the risk of being diagnosed before age 40 has more than doubled since 2000, and 1-in-9 new bowel cancer cases now occur in people under age 50.

    “We need to know the “why” around the substantial increase in younger people getting bowel cancer,” he says. “Investing in innovative and collaborative research across all aspects of early-onset bowel cancer has the potential to improve survival and/or help build a path toward a cure.”

    With the investigation into the 10 biomarkers now fully underway, this research offers hope for earlier detection, smarter treatment, and ultimately, better outcomes for bowel cancer patients of all ages.

    This research project is a collaboration of the UniSA’s and SA Pathology’s Centre for Cancer Biology, the Central Adelaide Local Health Network’s (CALHN) and the Basil Hetzel Institute for Translational Health Research.

    Professor Samuel discusses the project in this video.

    For more information, please visit: https://www.centreforcancerbiology.org.au/research/tumour-microenvironment-laboratory/

    June is Bowel Cancer Awareness Month.

    …………………………………………………………………………………………………………………………

    Contacts for interview

    Researcher contact: Professor Michael Samuel E: michael.samuel@unisa.edu.au

    Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News –

  • MIL-OSI China: China earmarks 300 mln yuan to support local authorities’ disaster response

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

    BEIJING, June 23 — China has earmarked 300 million yuan (about 41.8 million U.S. dollars) of central government funding to support local authorities in dealing with natural disasters and carrying out emergency rescue efforts, the Ministry of Finance (MOF) said on Monday.

    The funds, allocated by the MOF and the Ministry of Emergency Management, were provided to seven provincial-level regions, including Hunan, Guangdong, Chongqing, Guizhou and Hubei.

    The funding support comes as some parts of south China experience heavy rains, leading to severe flooding and geological disasters in certain regions, according to the MOF.

    The funds will be used for emergency response and rescue efforts, the evacuation and resettlement of affected people, the removal of hazardous objects, risk mitigation, and risk inspections to prevent secondary disasters, it said.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Greater security delivered for the British people with record billion-pound investment in new national biosecurity centre

    Source: United Kingdom – Government Statements

    Press release

    Greater security delivered for the British people with record billion-pound investment in new national biosecurity centre

    Huge investment in new National Biosecurity Centre to protect the British public and the economy from future pandemics.

    The country’s ability to prevent a future pandemic has been significantly enhanced today (Tuesday 24th June) with the announcement of a £1 billion investment in a new National Biosecurity Centre.

    This funding will deliver the next phase of a new National Biosecurity Centre – a cutting-edge scientific campus in Surrey that will serve as the UK’s foremost animal biosecurity facility.

    The investment is one part of the new National Security Strategy, to be published today, which marks a step change in this country’s approach to securing British interests whilst also creating jobs, wages, and growth for the British people as part of the Government’s Plan for Change.

    Animal disease outbreaks represent a serious and increasing risk to public health, food security, and the UK economy. Approximately 60% of all known human infectious diseases are zoonotic, meaning they can be transmitted from animals to humans. Furthermore, about 75% of emerging infectious diseases originate in animals, making the fight against these diseases about human health and security too.

    Without strong and modernised biosecurity infrastructure, disease incursions could severely impact our farmers, agricultural production, devastate rural communities and disrupt key supply chains. The export of livestock, meat and meat products, dairy and animal by-products is worth £16 billion per year alone to the UK economy.

    The funding will now enhance the country’s detection, surveillance and control capabilities for high-risk animal diseases such as avian influenza, foot and mouth disease and African swine fever, whilst enhancing our ability to manage concurrent disease outbreaks.

    Environment Secretary Steve Reed said:

    The first role of any Government is national security.

    That is why we are making a record investment into the nation’s biosecurity capabilities, and in turn our national security, after years of chronic underfunding.

    Farmers and food producers will now be better protected from diseases, our food security strengthened, and public health better safeguarded against future pandemics. This government is getting on with delivering on our Plan for Change.

    The new National Biosecurity Centre will play an essential role in addressing the full range of biological threats we face, including from hostile nations, and will ensure that the UK retains the scientific capability, infrastructure and expertise needed to lead international efforts to identify, manage, and mitigate disease threats in the years ahead.

    The high containment laboratories for animal health, run by the Animal & Plant Health Agency at Weybridge in Surrey, urgently need renewal to handle escalating disease risks, which are growing in the face of our changing climate. The Government inherited laboratories in poor condition with their long-term future in doubt and the country facing increased risk without action.

    The new facility will join a network of national centres set up by the Cabinet Office under the UK Biological Security Strategy and announced in the National Security Strategy. This new network of government laboratories provides a sovereign capability that keeps the public safe and is essential to responding to biological security risks.

    The network will strengthen and formalise existing collaborations between the UK Health Security Agency, the Animal and Plant Health Agency and the Defence Science and Technology Laboratory. It will ensure we are better prepared for a crisis, can respond more effectively when an incident does happen and deliver a more holistic approach to biological research.

    Jenny Stewart, Senior Science Director at the Animal and Plant Health Agency, said:

    This funding is a vital milestone in the delivery of a world-leading facility that will protect the UK from animal disease threats for decades to come.

    Our scientists and specialists at Weybridge are at the heart of the UK’s disease surveillance and response capability and provide a global centre of expertise.

    Investment on this scale will enable them to continue their critical work in modern, fit-for-purpose facilities, supported by the very latest technologies.

    Preparatory work at the Weybridge site is already underway. Planning Consent has been secured, and a contractor has been appointed to build the main new facilities. The first interim labs to support critical science while we transform the site will be ready in 2027 and 2028. The main construction works start in 2027, with the full NBC live and operational in 2033/34.

    Updates to this page

    Published 24 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Lysander Funds Limited Announces Management Fee Reductions, Change in Portfolio Manager and Change in Risk Ratings for Certain Funds

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Lysander Funds Limited (“Lysander”) announced today management fee reductions, change in portfolio manager and change in risk ratings for certain of its mutual funds.  Details of these changes are set out below.

    Management Fee Reductions

    Effective June 25, 2025, the management fees for Series A and Series F units of Lysander-Seamark Total Equity Fund will be lowered from 2.00% to 1.80%, and from 1.00% to 0.80%, respectively.

    Change in Portfolio Manager

    Effective June 25, 2025, Lysander-Canso Canadian Alumni Balanced Fund will change its portfolio manager from Canso Investment Counsel Ltd. (“Canso”) to Lysander.

    Concurrently with the change in portfolio manager, the name of the fund will change to “Lysander Canadian Alumni Balanced Fund”.

    The fund’s investment objectives, investment strategies and management fees remain the same. 

    Change in Risk Ratings

    In accordance with the investment risk classification methodology mandated by the Canadian Securities Administrators, Lysander has changed the investment risk rating of certain of its funds, as follows:

    Fund Previous Risk Rating New Risk Rating
    Lysander-Patient Capital Equity Fund Medium Low-to-Medium
    Lysander-Canso All Country Long/Short Equity Fund Low-to-Medium Medium
         

    No changes have been made to the investment objectives of these funds.
    ______________________________________________________________________________

    Lysander is the trustee and investment fund manager of the funds noted above.  The head office of Lysander is located at 3080 Yonge Street, Suite 4000, Toronto, Ontario   M4N 3N1.

    For further information on Lysander, please visit www.lysanderfunds.com, email manager@lysanderfunds.com or you can reach Lysander at 1-877-308-6979.

    Richard Usher-Jones
    President
    Lysander Funds Limited
    Tel. No. 416-640-4275
    Fax No. 416-855-6515

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: WISeKey’s Subsidiaries WISeSat and SEALSQ Launch New Satellite with SpaceX, Enabling the First-Ever DePIN from Space and Advancing Quantum-Safe Space Communications

    Source: GlobeNewswire (MIL-OSI)

    Courtesy of SpaceX

    WISeKey’s Subsidiaries WISeSat and SEALSQ Launch New Satellite with SpaceX, Enabling the First-Ever DePIN from Space and Advancing Quantum-Safe Space Communications

    SEALSQ and WISeSat are setting the foundation for a new generation of cyber-resilient, quantum-ready space systems, redefining global digital trust from orbit

    Geneva, Switzerland, June 23, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its subsidiary WISeSat.Space SA (“WISeSat”), has successfully launched its latest generation satellite WISeSat 3 aboard SpaceX’s Falcon 9 Transporter-14 mission, June 23 at 23:18 CEST from Vanderberg, California. This mission represents a breakthrough in space-based cybersecurity and decentralized infrastructure, marking the first satellite to embed Quantum RootKey from SEALSQ’s Corp. (Nasdaq: LAES) (“SEALSQ”), another subsidiary of WISeKey.

    The new satellite includes cutting-edge technology enabling SEALCOIN token exchanges directly from space, in collaboration with Hedera. Of note, SEALCOIN AG, also a subsidiary of WISeKey, focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform. This innovation establishes the world’s first Decentralized Physical Infrastructure Network (DePIN) launched from orbit, transforming the role of satellites in decentralized finance and secure digital identity.

    Simultaneously, the mission is a pivotal step forward in securing space communications through the implementation of post-quantum cryptography (PQC). PQC is critical for protecting satellite communications against future threats posed by quantum computers, which are expected to render current encryption methods like RSA obsolete. Ensuring data integrity and confidentiality is essential in the space environment, and PQC delivers quantum-resistant algorithms that can be integrated into existing systems, allowing for a seamless transition and protection from both current and emerging risks.

    This satellite architecture supports the integration of PQC within a hybrid framework that enables secure communication between orbital and ground-based infrastructure. By embedding PQC algorithms directly into satellite hardware, the cryptographic processing is isolated from critical systems, thus enhancing security and minimizing vulnerabilities. This approach also allows for secure key generation, distribution, and management, essential functions for trusted data exchange between satellites and Earth stations.

    The cryptographic algorithms being tested onboard follow the latest standards under development by the U.S. National Institute of Standards and Technology (NIST), ensuring that the technology is aligned with global efforts to future-proof digital infrastructure. With this mission, WISeSat and SEALSQ are demonstrating how PQC can not only be deployed in terrestrial networks, but also extended into orbit, safeguarding critical communications for years to come.

    Carlos Moreira, Founder and CEO of WISeKey, commented: “This launch is not only a milestone for decentralized infrastructure in space, but also a strategic move toward making space communications quantum-resilient. By embedding PQC and enabling blockchain-based tokenization from orbit, we are reshaping the way cybersecurity, finance, and space technology converge.”

    Representing WISeSat at the launch was David Fergusson, Board Director of WISeKey, and Executive Managing Director, M&A at Generational Equity. Joining Mr. Fergusson, as a guest of WISeKey was Jon Templeman, CEO of Savior Products and a pioneer in battery technology. Mr. Templeman’s latest innovation is an industry-disruptive ‘shock and vibration management system’ for application to all vehicles–from automobiles to rockets, increasing life-span and reducing material costs.

    Mr. Fergusson commented, “WISeSat’s groundbreaking innovation, pioneering the advancement of post-quantum cryptography, continues to set precedent for the future of trusted communication and data transmission. And it’s an honor to be joined at this historic launch by Jon Templeman, a pioneer in his own right, whose advancements in battery technology will be transformative for companies like WISeSat.”

    The latest satellite launch forms part of a growing WISeSat constellation that delivers sovereign, secure, and scalable satellite services for IoT, digital identity, and trusted data transmission. The launch strengthens Europe’s capabilities in space and cybersecurity, promoting technological independence and leadership in the age of quantum computing.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI: WISeKey’s Subsidiaries WISeSat and SEALSQ Launch New Satellite with SpaceX, Enabling the First-Ever DePIN from Space and Advancing Quantum-Safe Space Communications

    Source: GlobeNewswire (MIL-OSI)

    Courtesy of SpaceX

    WISeKey’s Subsidiaries WISeSat and SEALSQ Launch New Satellite with SpaceX, Enabling the First-Ever DePIN from Space and Advancing Quantum-Safe Space Communications

    SEALSQ and WISeSat are setting the foundation for a new generation of cyber-resilient, quantum-ready space systems, redefining global digital trust from orbit

    Geneva, Switzerland, June 23, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its subsidiary WISeSat.Space SA (“WISeSat”), has successfully launched its latest generation satellite WISeSat 3 aboard SpaceX’s Falcon 9 Transporter-14 mission, June 23 at 23:18 CEST from Vanderberg, California. This mission represents a breakthrough in space-based cybersecurity and decentralized infrastructure, marking the first satellite to embed Quantum RootKey from SEALSQ’s Corp. (Nasdaq: LAES) (“SEALSQ”), another subsidiary of WISeKey.

    The new satellite includes cutting-edge technology enabling SEALCOIN token exchanges directly from space, in collaboration with Hedera. Of note, SEALCOIN AG, also a subsidiary of WISeKey, focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform. This innovation establishes the world’s first Decentralized Physical Infrastructure Network (DePIN) launched from orbit, transforming the role of satellites in decentralized finance and secure digital identity.

    Simultaneously, the mission is a pivotal step forward in securing space communications through the implementation of post-quantum cryptography (PQC). PQC is critical for protecting satellite communications against future threats posed by quantum computers, which are expected to render current encryption methods like RSA obsolete. Ensuring data integrity and confidentiality is essential in the space environment, and PQC delivers quantum-resistant algorithms that can be integrated into existing systems, allowing for a seamless transition and protection from both current and emerging risks.

    This satellite architecture supports the integration of PQC within a hybrid framework that enables secure communication between orbital and ground-based infrastructure. By embedding PQC algorithms directly into satellite hardware, the cryptographic processing is isolated from critical systems, thus enhancing security and minimizing vulnerabilities. This approach also allows for secure key generation, distribution, and management, essential functions for trusted data exchange between satellites and Earth stations.

    The cryptographic algorithms being tested onboard follow the latest standards under development by the U.S. National Institute of Standards and Technology (NIST), ensuring that the technology is aligned with global efforts to future-proof digital infrastructure. With this mission, WISeSat and SEALSQ are demonstrating how PQC can not only be deployed in terrestrial networks, but also extended into orbit, safeguarding critical communications for years to come.

    Carlos Moreira, Founder and CEO of WISeKey, commented: “This launch is not only a milestone for decentralized infrastructure in space, but also a strategic move toward making space communications quantum-resilient. By embedding PQC and enabling blockchain-based tokenization from orbit, we are reshaping the way cybersecurity, finance, and space technology converge.”

    Representing WISeSat at the launch was David Fergusson, Board Director of WISeKey, and Executive Managing Director, M&A at Generational Equity. Joining Mr. Fergusson, as a guest of WISeKey was Jon Templeman, CEO of Savior Products and a pioneer in battery technology. Mr. Templeman’s latest innovation is an industry-disruptive ‘shock and vibration management system’ for application to all vehicles–from automobiles to rockets, increasing life-span and reducing material costs.

    Mr. Fergusson commented, “WISeSat’s groundbreaking innovation, pioneering the advancement of post-quantum cryptography, continues to set precedent for the future of trusted communication and data transmission. And it’s an honor to be joined at this historic launch by Jon Templeman, a pioneer in his own right, whose advancements in battery technology will be transformative for companies like WISeSat.”

    The latest satellite launch forms part of a growing WISeSat constellation that delivers sovereign, secure, and scalable satellite services for IoT, digital identity, and trusted data transmission. The launch strengthens Europe’s capabilities in space and cybersecurity, promoting technological independence and leadership in the age of quantum computing.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI New Zealand: Backing fair trade and healthy oceans

    Source: New Zealand Government

    The Government is investing a further $150,000 to support implementation of the WTO Fisheries Subsidies Agreement—ensuring New Zealand exporters can compete on a level playing field while helping protect global fish stocks.

    “This is about backing rules that stop unfair subsidies and make sure all countries are held to the same standards,” Trade and Investment Minister Todd McClay says.

    “It’s in New Zealand’s direct interest to see this Agreement fully implemented—especially in the Pacific, where many of our key partners operate and where our seafood exporters are active.”

    New Zealand’s total contribution now stands at $310,000.

    The 2022 Agreement—ratified by 102 WTO members—will ban subsidies that support illegal, unreported, and unregulated (IUU) fishing, fishing of overfished stocks, and unregulated high seas fishing. Just nine more ratifications are needed for it to enter into force.

    “Unfair subsidies distort global trade and undercut responsible producers like ours. This Agreement ensures a more level global playing field—while also supporting the sustainability of fish stocks we all rely on,” Mr McClay says.

    “New Zealand will continue to push for the Agreement to enter into force and for negotiations on additional rules to conclude quickly.”

    MIL OSI New Zealand News –

  • MIL-OSI: Bitcoin Treasury Corporation Announces Closing of Amalgamation and Concurrent Financing

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States news wire services or for dissemination in the United States.

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Bitcoin Treasury Corporation (“Bitcoin Treasury” or the “Corporation”), further to its press releases dated May 22, 2025, May 30, 2025, and June 17, 2025, is pleased to announce that it has completed the previously announced amalgamation, pursuant to which 2680083 Alberta Ltd. (“268”) and Bitcoin Treasury Corporation (pre-amalgamated entity) (“BTCT”) have amalgamated and will continue as one corporation, that will carry on the business of BTCT (the “Transaction”). The Corporation is also pleased to announce that a listing application in respect of the Corporation has been submitted to the TSX Venture Exchange (the “TSXV”) to list the common shares of the Corporation (the “Bitcoin Treasury Shares”). Listing of the Bitcoin Treasury Shares is subject to the TSXV providing final approval thereof (the “Listing”).

    Concurrent Financing

    The Corporation is also pleased to announce that, further to its press release dated May 30, 2025 and prior to the close of the Transaction, BTCT closed a concurrent brokered private placement of 8,407,350 equity subscription receipts and 25,000 convertible debenture subscription receipts (the “Convertible Debenture Subscription Receipts”) at a price of $1,000 per Convertible Debenture Subscription Receipt and a non-brokered private placement of 1,166,000 equity subscription receipts (the “Equity Subscription Receipts”) at a price of $10.00 per Equity Subscription Receipt for aggregate gross proceeds of $120,733,500 (collectively, the “Concurrent Financing”). Canaccord Genuity and Stifel acted as co-lead agents, together with National Bank Financial Markets, BMO Capital Markets, CIBC Capital Markets, Wellington-Altus, Greenhill, a Mizuho affiliate, Research Capital, Haywood Securities, ATB Capital Markets, Independent Trading Group, Richardson Wealth and Ventum Capital Markets (collectively, the “Agents”) in connection with the Concurrent Financing.

    Prior to the close of the Transaction, each Equity Subscription Receipt was converted into one common share of BTCT (“BTCT Share”) and each Convertible Debenture Subscription Receipt was converted into one convertible debenture of BTCT (“BTCT Convertible Debenture”) on a one for one basis.

    In connection with the closing of the Concurrent Financing and as consideration for their services, BTCT paid to the Agents cash fees of $5,979,000.

    Share Consolidation

    Immediately prior to the completion of the Transaction, 268 completed a consolidation of the common shares of 268 (“268 Shares”) based on a ratio of one (1) post-consolidation common share for each 51.66712593 pre-consolidation common shares, resulting in an aggregate of 74,999 268 Shares.

    The Transaction

    Pursuant to the amended and restated amalgamation agreement between 268 and BTCT dated June 16, 2025, among other things, (i) 268 and BTCT have amalgamated pursuant to the provisions of the Business Corporations Act (Alberta); (ii) each holder of BTCT Shares received one Bitcoin Treasury Share in exchange for each BTCT Share held by such holder and the BTCT Shares were cancelled by the Corporation; (iii) each holder of BTCT Convertible Debentures or warrants of BTCT (the “BTCT Convertible Securities”) received one convertible debenture in the Corporation or one warrant of the Corporation, as the case may be, in exchange for each BTCT Convertible Security held by such holder and the BTCT Convertible Securities were cancelled by the Corporation; (iv) each holder of 268 Shares received one Bitcoin Treasury Share in exchange for each 268 Share held by such holder and the 268 Shares were cancelled by the Corporation; and (v) the Corporation adopted the equity incentive plan of BTCT.

    Bitcoin Treasury Share Offering

    Upon final approval from the TSXV of the Listing and the TSXV’s issuance of a “list and halt” bulletin, the Corporation intends to complete a brokered offering of up to 426,650 Bitcoin Treasury Shares at a price of $10.00 per Bitcoin Treasury Share (the “Offered Shares”). This, combined with the Concurrent Financing, will provide aggregate gross proceeds of $125,000,000. The Offered Shares will be issued after the Bitcoin Treasury Shares commence trading on the TSXV, and such Bitcoin Treasury Shares shall immediately be halted. Such Offered Shares will be eligible for investment in RRSPs, RESPs, RRIFs, RDSPs, TFSAs, FHSAs and DPSPs, but will be subject to a statutory hold period of four months plus one day from the date the Offered Shares are issued, in accordance with applicable Canadian securities laws. The offering of the Offered Shares is expected to close on or about the week of June 23, 2025. In connection with the closing of the Offered Shares and as consideration for their services, BTCT anticipates a payment to the Agents a cash commission of $178,950.

    For further information, please contact:

    Bitcoin Treasury Corporation
    Elliot Johnson, Chief Executive Officer
    Phone: 416-619-3403
    Email: ejohnson@btctreasurycorp.com

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Note Regarding Forward-Looking Statements

    This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the Listing of Bitcoin Treasury Shares; the offering of Offered Shares; the anticipated closing date of the Offered Share offering; receipt of a TSXV list and halt bulletin; the anticipated Agents fees relating to the Offered Share offering; expectations related to Bitcoin and its use in the future; and future development plans of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: ability to close the Bitcoin Treasury Share Offering on the proposed terms or at all, the synergies expected from the Transaction not being realized; business integration risks; the Corporation’s operating results will experience significant fluctuations due to the highly volatile nature of Bitcoin; BTCT operates in a heavily regulated environment and any material changes or actions could lead to negative adverse effects to the business model, operational results, and financial condition of BTCT; evolving cryptocurrency regulatory requirements and the impact on BTCT’s business plan; Bitcoin value risk; reliance on key personnel; implementation of the Corporation’s business plan; lack of operating history; competitive conditions; de banking and financial services risk; anti money laundering and corrupt business practices; additional capital; financing risks; global financial conditions; insurance and uninsured risks; cybersecurity risks; changes to bank fees or practices, or payment card networks; audit of tax filings; market for the Bitcoin Treasury Shares; market price of the Bitcoin Treasury Shares; conflicts of interest; internal controls; tariffs and the imposition of other restrictions on trade could adversely affect the Corporation’s business; risk of litigation; pandemics or other health crisis; acquisitions and integration; risk of dilution of Bitcoin Treasury securities; dividend policy; Bitcoin price volatility; custodial risks; technological vulnerabilities; Bitcoin transactions are irreversible and may result in significant losses; short history risk; limited history of the Bitcoin market; potential decrease in the global demand for Bitcoin; economic and political factors; top Bitcoin holders control a significant percentage of the outstanding Bitcoin; availability of exchange traded products liquidity; security breaches; the amalgamation agreement may be terminated by 268 or BTCT in certain circumstances; there can be no certainty that all conditions precedent to the Transaction will be satisfied; BTCT and 268 may incur costs even if the Transaction is not completed; the requirements that accompany being a publicly traded company may put a strain on the Corporation’s resources, divert attention from management, and adversely affect its ability to maintain and attract management and qualified board members; uncertainty of use of proceeds; liquidity risk; leverage risk; and share price fluctuations.

    Although management of BTCT believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date of this news release, and BTCT does not undertake any obligation to update publicly or to revise any of the included forward -looking statements or information, whether as a result of new information, change in management’s estimates or opinions, future circumstances or events or otherwise, except as expressly required by applicable securities law.

    Completion of the Listing is subject to a number of conditions, including but not limited to, TSXV acceptance.

    Investors are cautioned that, except as disclosed in the filing statement filed on June 17, 2025, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.

    The TSXV has neither approved nor disapproved the contents of this news release.

    The MIL Network –

  • MIL-OSI USA: Ernst Champions Opportunities for Future Farmers and Manufacturers

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    STORM LAKE, Iowa – U.S. Senator Joni Ernst (R-Iowa), a member of the Senate Committee on Agriculture, led a roundtable discussion on her bipartisan Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) that will expand opportunities for first-time farmers and small to mid-size manufacturers.
    The legislation will modernize the Internal Revenue Service’s (IRS) rules for Industrial Development Bonds (IDBs) and First-Time Farmer Bonds (Aggie Bonds) and provide new financing opportunities for beginning farmers and small-scale manufacturers. Iowa leads the nation in use of Aggie Bonds, but the rules for IDBs and Aggie Bonds have not been updated in nearly 30 years.
    “It’s time to cut the red tape and give our farmers, small manufacturers, and rural lenders room to grow. My bipartisan MAMBA legislation’s commonsense updates will do that by driving new investment and making it easier for beginning farmers and manufacturers to access capital and grow their businesses,” said Senator Ernst. “Iowa leads the nation in using Aggie Bonds, and I appreciate the folks who joined me to share their insights as I work to get this bill across the finish line.”

    Download photos from the event here.
    Today, Ernst was joined by:

    Tammy Nebola, Ag Development Program Specialist, Iowa Finance Authority
    Jayme Ungs, Iowa Ag Development Division Board Member, Peoples Bank
    Kevin Boyle, Iowa Ag Development Division Board Member, Templeton Savings Bank
    Eric Weuve, Organizer of the Iowa Bankers Association Ag Lending Program, Iowa State Extension
    Makayla Gallentine, Advocacy and Policy Coordinator, Iowa Bankers Association
    Mike Gathman, CEO, Community Bankers of Iowa

    Ernst’s MAMBA legislation has earned overwhelming support:
    “We applaud Senator Ernst for introducing the Modernizing Agricultural and Manufacturing Bonds Act,” said David Howard, Policy Development Director at the National Young Farmers Coalition. “Access to land–the number one challenge for this new generation of farmers and ranchers–is inextricably linked to credit accessibility. Aggies bonds provide a win-win mechanism that affords tax free interest to private agricultural lenders, on lower interest loans made to beginning farmers. This proposed legislation will make several commonsense updates to this important credit accessibility tool.”
    “We are thrilled that MAMBA has been reintroduced in the U.S. Senate with bipartisan support. With our country facing great economic opportunity, it has become clear that investments in farmers and manufacturers are necessary to strengthen the United States’ global competitiveness. By updating the 40-year-old rules around agricultural and manufacturing bonds, MAMBA allows for the innovative financing tools necessary to invest in local communities by expanding and growing American manufacturing and farming,” said Toby Rittner, President & CEO of the Council of Development Finance Agencies. “Senators Ernst and Warner have been great champions of farmers and manufacturers and the development finance industry as a whole, and I am thankful for their commitment to those key pillars of the U.S. economy.”
    “The BDA supports the reintroduction of the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA). This commonsense and bipartisan legislation will embolden small manufacturers and first-time farmers in a time when investment in rural America is needed more than ever,” said the Bond Dealers of America. “It has been over 30 years since these bonds have been modernized, causing stagnation in these respective industries.  We call on Congress to advance this overdue legislation.”
    “The Independent Community Banks of America (ICBA) supports the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) and applauds its introduction by Senators Ernst and Warner. This legislation modernizes industrial development bonds and first-time farmer bonds by updating, for the first time in 30 years, the Internal Revenue Code’s treatment of IDBs for small manufacturers and aggie bonds for beginning farmers,” said Rebeca Romero Rainey, ICBA President and CEO. “These changes allow community banks to better serve these market segments that are vitally important to our local rural economies by providing customers more flexible and larger financing and lower-cost credit options.”
    “MAMBA will support the flow of investment to small and medium-size manufacturing companies across the American heartland, bringing the program of Industrial Development Bonds and Aggie Bonds into the 21st Century,” said Julius Krein, Chair of the Board of Directors of the New American Industrial Alliance. “NAIA encourages the reindustrialization of the American economy at all levels and in all sectors, especially in financing the development of productive capacity.”
    Read the full bill – supported by Senators Mark Warner (D-Va.) and Cindy Hyde-Smith (R-Miss.) – here.

    MIL OSI USA News –

  • MIL-OSI USA: Praise Pours in for Ernst Bill to Unleash Domestic Manufacturing

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – Support continues to pour in from small manufacturers in Iowa and across the country for Senator Joni Ernst’s (R-Iowa) Made in America Manufacturing Finance Act that doubles the loan limit for Small Business Administration (SBA) manufacturing loans.
    Senate Committee on Small Business and Entrepreneurship Chair Ernst’s bill will continue to fuel the great manufacturing boom happening under President Trump and ensure that “Made in America” becomes the norm instead of the exception.
    Here is some of the praise for the bill:
    Ceilley Pallets (Waterloo, Iowa)
    “I think we as a community have the potential to once again be a manufacturing powerhouse in the Cedar Valley, as well as serving throughout the United States. I am optimistic that if stewarded properly, the additional resources available to small businesses will supercharge innovation, collaboration, production, education, and flourishing of our businesses, and workforce,” said Kevin Taylor, owner.
    The bill has previously earned high marks from groups across Iowa.
    Iowa Association of Business and Industry
    “Iowa’s manufacturers are ready to grow, invest, and lead in the future of American manufacturing – but access to capital is critical. The Made in America Manufacturing Finance Act is a commonsense solution that will empower small manufacturers to invest in the tools, technology, and facilities they need to compete globally. ABI applauds Senator Ernst and Chairman Williams for their leadership and commitment to strengthening U.S. manufacturing,” said Nicole Crain, President.
    Iowa Bankers Association
    “The Iowa Bankers Association thanks Senator Joni Ernst for her leadership in proposing the Made in America Manufacturing Finance Act. Bank leaders in Iowa have advocated for increasing the loan limits in these SBA programs with the goal of driving more investment in communities across the state of Iowa.  Manufacturing is an important piece of Iowa’s economy, and Iowa banks are proud partners in helping small businesses grow and expand. This proposed legislation will make the work of our Iowa banks even more impactful,” said Adam Gregg, President.
    Cedar Rapids Metro Economic Alliance
    “Manufacturing is a cornerstone of our region’s economic vitality. By increasing access to capital for small manufacturers, the Made in America Manufacturing Finance Act empowers businesses to expand, innovate and compete globally—while reinforcing our domestic supply chains. We commend Senator Ernst for her leadership as Chair of the Senate Small Business Committee and her commitment to addressing the financial needs of small manufacturers in today’s economy,” said Barbra Solberg.
    Greater Burlington Partnership
    “Increasing loan limits for small manufacturers strengthens the backbone of our local economy. This bipartisan effort will give more Iowa businesses the tools they need to expand operations, invest in new technology, and create quality jobs right here at home. As the cost of doing business continues to rise, we support the recommended increases in borrowing to accommodate our manufacturing businesses,” said Amy O’Brien, CEO.
    Additional praise has poured in from across the country:
    Better Team USA Corp (Clifton, N.J.)
    “This important legislation, particularly the provision to double the maximum 7(a) loan amount for small manufacturers from $5 million to $10 million, will play a crucial role in fostering growth, expanding manufacturing capabilities, reshoring jobs to the US. I believe that this bill will provide the necessary capital injection to help small businesses like mine scale operations, compete effectively in the global market, and contribute to rebuilding U.S. supply chains,” said Martin Di Battista, President.
    IngniteLI, The Manufacturing Consortium of Long Island (Hauppauge, N.Y.)
    “On behalf of Ignite Long Island, which represents more than 3,200 manufacturing companies across Suffolk and Nassau Counties, I want to express strong support for the bipartisan proposal to increase the SBA 7(a) loan cap from $5 million to $10 million. This change would directly benefit small and mid-sized manufacturers in our region – many of whom face growing capital needs as they invest in equipment, workforce, and facility upgrades to remain competitive in today’s economy. Raising the 7(a) loan threshold would unlock greater access to flexible, long-term financing for expansion, automation, reshoring, and defense readiness – all of which are key priorities for Long Island’s industrial base,” said Jamie Moore, President. 
    Marotta Controls (Montville, N.J.)
    “Marotta Controls encourages the Congress and the Administration to raise the SBA manufacturing loan limit to $10 Million. This would enable Marotta Controls to meaningfully increase our manufacturing capacity to support the Defense Industrial Base (DIB),” said Patrick Marotta, President and Chief Executive Officer.
    Sly Drinks (Phoenix, Ariz.)
    “America wants to build manufacturing here. If the Administration wants to build manufacturing facilities, then we need the SBA to raise the cap from 5M to 10M, reduce the equity requirements for the SBA loans on small business owners, and help small businesses like ours build manufacturing in America right here and now, and for future generation,” said Dr. Amy Czyz, Co-Founder.
    Long Island Bio (Bayport, N.Y.)
    “We at Long Island Bio, which represents the Pharmaceutical, Biotechnology, Nutraceutical, and Medical Device manufacturers of Long Island, express strong support for the bipartisan proposal to increase the SBA 7(a) loan cap from $5 million to $10 million. Raising the 7(a) loan threshold would unlock greater access to flexible, long-term financing for expansion, automation, reshoring, and training – all of which are key priorities for our industry segment, and all of Long Island’s industrial base,” said Tom Mariner, Executive Director.
    GSE Dynamics (Hauppauge, N.Y.)
    “GSE Dynamics, a federally certified woman owned small business fully supports the bipartisan bill – Made in America Manufacturing Finance Act of 2025. Revitalizing manufacturing is a bipartisan issue – if we all agree on strengthening US manufacturing then we can strengthen our national security, and we strengthen our middle class.”
    Beauty Society (North Las Vegas, Nev.)
    “As a company that proudly manufacturers our products in the United States, we believe strongly in the power of domestic production – not only as a means to ensure product quality and supply chain control, but also as a strategic advantage over competitors that primarily rely on imported goods. The proposed shift from $5 million to $10 million in loan guarantees would be a transformative change – one that could accelerate growth for small- and mid-sized manufacturers across the country,” said Jeannie Lorin, Founder and CEO.
    Polk & Associates Construction (Brentwood, Tenn.)
    “The reality of scaling a construction or manufacturing firm requires significant capital for equipment, materials, skilled labor and the working capital that allows us to execute contracts on time and with excellence. Raising the SBA loan limit to $10 million would unlock new potential for us and many others across the country. It would remove one of the more persistent barriers to growth, access to affordable capital, and create sustainable cash flow that supports scaling operations, hiring more workers, and investing in innovation,” said Reggie Polk, President and CEO.  
    L & H Industrial (Gillette, Wyo.)
    “We strongly support the increase in SBA loan guarantees from $5 million to $10 million. This shift will allow manufacturers to confidently invest in reshoring operations, scale advanced capabilities, and bring more jobs and production back home. Access to capital remains one of the most critical levers in rebuilding America’s industrial base” said Mike Wandler, President and CEO.
    Kinematica USA (Bohemia, N.Y.)
    “As a proud small business owner providing technology to Pharma, Food and Cosmetic Industries, I fully support the Made in America Manufacturing Finance Act and the proposed increase in SBA 7(a) and 504 loan limits from $5 million to $10 million. This legislation sends a strong and timely message: America is serious about rebuilding its manufacturing base and empowering entrepreneurs to invest boldly in our domestic future,” said Andreas Niens, Chief Visionary Officer.  
    LV Iron & Steel (Sunrise Manor, Nev.)
    “We were very encouraged by the discussion around the increase in lending limits, moving from $5 million to $10 million, and the potential this holds for the continued growth of our steel business and our forthcoming expansion. We anticipate that this increased access to capital and other valuable SBA resources designed to support cash flow and foster growth will be instrumental in propelling our business forward,” said Traci Aguilar, Founder.

    MIL OSI USA News –

  • MIL-OSI: Matador Technologies Receives Conditional Approval for Change of Business

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights

    • TSX Venture Exchange grants conditional approval for Matador’s Change of Business (“COB”) to a hybrid “Technology / Investment” issuer, subject to the Company satisfying the TSXV’s requirements and conditions.
    • Enables Matador to operate as a pure Bitcoin Ecosystem Company with a focus on holding, acquiring, and investing in Bitcoin and digital asset ventures, assuming that the Company obtains TSXV final approval of the COB.
    • Unlocks ability to scale Bitcoin treasury strategy, deploy capital into the Bitcoin ecosystem, and expand globally, assuming that the Company obtains TSXV final approval of the COB and obtains TSXV approval to expand globally.
    • Positions Matador to proceed with its proposed investment in HODL Systems, one of India’s first digital asset treasury companies, assuming that the Company obtains TSXV conditional approval with respect to this investment.

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF, FSE: IU3), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “TSXV”) to complete its previously announced Change of Business (“COB”) to a hybrid “Technology / Investment” issuer, as defined under TSXV policies, subject to the Company satisfying TSXV requirements and conditions. The Company expects to close the COB on or about July 4, 2025.

    Assuming that the Company satisfies TSXV requirements and conditions respecting the COB, Matador will be able to expand its business model to include activities consistent with its investment policy and TSXV regulations, including the acquisition and management of Bitcoin and investments in Bitcoin-related technologies and infrastructure. The new structure provides the Company with greater operational flexibility within the digital asset sector. “This marks an important milestone on our journey,” said Deven Soni, Chief Executive Officer of Matador Technologies. “With conditional approval in place, we are one step closer to advancing our Bitcoin treasury strategy and supporting Bitcoin-native innovation globally—subject to final TSXV approval.”

    What the Change of Business Enables

    Assuming that the Company obtains TSXV final approval of the COB, Matador will be able to:

    • Advance its Bitcoin accumulation strategy, applying a structured approach as a public issuer;
    • Make equity investments in Bitcoin-focused businesses and technologies including custody, mining, tokenization, and related infrastructure;
    • Continue developing its Digital Gold platform, beginning with its “Grammies” product line, which links physical gold to inscriptions on the Bitcoin blockchain;
    • Deploy capital in selected international markets such as India, where digital asset usage and gold demand are well-established;
    • Operate with expanded flexibility across the Bitcoin ecosystem.

    The Change of Business is subject to the receipt of shareholder approval and final TSXV approval and the filing of customary documentation. A filing statement in respect of the Change of Business has been filed on SEDAR+ at www.sedarplus.ca under the Company’s profile.

    Unlocking the India Opportunity

    Assuming that the Company obtains TSXV final approval of the COB and conditional approval of the HODL Systems (“HODL”) investment transaction, Matador will be able to increase its exposure to the global digital asset ecosystem. Under the terms of the LOI, Matador will commit to a share warrant structure that could provide the Company with up to a 24% ownership stake in HODL Systems, assuming full exercise of the warrants.

    This investment will anchor Matador’s entry into India—one of the world’s fastest-growing markets for technology, gold, and digital assets. With a median population age under 30, mobile-first adoption patterns, and the world’s largest private gold market, India is an ideal jurisdiction for Matador to scale both its Digital Gold product and its digital asset native treasury strategy. HODL Systems mirrors Matador’s thesis by implementing a digital asset balance sheet strategy and offering a gateway to license Matador’s infrastructure across the Indian subcontinent.

    “We believe HODL Systems reflects the kind of infrastructure-driven Bitcoin strategy we are seeking to support,” said Mark Moss, Chief Visionary Officer at Matador. “Subject to regulatory approval, this investment would support Matador’s entry into one of the most active markets for digital assets globally.”

    The investment in HODL remains subject to TSXV approval.

    Building a Global Bitcoin Ecosystem Company

    Matador’s proposed model is influenced by other public issuers such as Metaplanet Inc., a Japanese company that has implemented a Bitcoin treasury model. Metaplanet has pursued capital formation and Bitcoin acquisition strategies within a regulated public market framework in Japan, where institutional interest in Bitcoin is growing and monetary policy remains highly accommodative.

    Matador sees parallels between these conditions and those emerging in India, where inflationary pressures, a growing appetite for alternative assets, and increasing regulatory clarity around digital assets are driving renewed interest in Bitcoin as a store of value. Additionally, India’s robust technology sector and expanding capital markets create favorable conditions for a Bitcoin-aligned corporate strategy. Subject to final TSXV approval, Matador intends to pursue a similar approach in select jurisdictions, including India, where it can responsibly support Bitcoin-native companies and infrastructure development.

    “This conditional approval is a key milestone in our plan to hold and invest in Bitcoin as part of our corporate treasury strategy,” said Deven Soni, Chief Executive Officer of Matador Technologies. “Subject to final TSXV approval, it brings us closer to allocating capital to companies building core infrastructure across the Bitcoin ecosystem.”

    Strategic Advisors Supporting Execution

    To support this next phase of growth, Matador recently formed a Strategic Advisory Board composed of industry leaders with deep expertise in Bitcoin, gold, and global capital markets. The Strategic Advisory Board includes:

    • David Bailey, CEO of BTC Inc., General Partner at UTXO Management, LLC and founding partner of Bitcoin-focused holding company Nakamoto. Bailey brings significant experience from his leadership of Bitcoin for Corporations—a platform developed in partnership with MicroStrategy—and his early involvement in Metaplanet’s Bitcoin strategy in Japan.
    • Brad Mills, a Bitcoin entrepreneur and investor known for his active role in early-stage Bitcoin infrastructure and digital asset investments.
    • Dave Forestell, a legal and regulatory executive with deep expertise in natural resources, public markets, and policy. He chairs the Alcohol and Gaming Commission of Ontario and previously led iGaming Ontario.

    These advisors provide Matador with a unique blend of strategic insight—combining institutional knowledge of Bitcoin capital markets, legacy gold infrastructure, and cross-border regulatory frameworks.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-496-6282

    About Matador Technologies Inc.

    Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF, FSE: IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.

    Matador has recently expanded its global footprint by investing in HODL Systems, one of India’s first digital asset treasury companies, securing up to a 24% ownership stake. This investment strengthens Matador’s position as a leading Bitcoin treasury company and underscores its commitment to the worldwide adoption of Bitcoin as a reserve asset.

    With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.

    Visit us online at https://www.matador.network/.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy, receipt of regulatory and shareholder approvals, and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –

  • MIL-OSI: Blue Foundry Bancorp Announces Adoption of Sixth Stock Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    RUTHERFORD, N.J., June 23, 2025 (GLOBE NEWSWIRE) — Blue Foundry Bancorp (the “Company”) (NASDAQ: BLFY), announced that the Company’s Board of Directors has authorized the adoption of its sixth stock repurchase program to repurchase up to 1,082,533 shares of the Company’s common stock, which is approximately 5% of its outstanding common stock. The new program commenced on June 20, 2025.

    Since announcing its first stock repurchase program on July 20, 2022, through the completion of the fifth stock repurchase program, the Company has repurchased 7,798,723 shares, or 27.3% of its common shares, at a weighted average price of $10.09. The Company’s tangible book value per share was $14.81 as of March 31, 2025.

    The repurchase program permits shares to be repurchased in open market or private transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements. The Company is not obligated to repurchase any particular number of shares or any shares in any specific time period.

    James D. Nesci, President and CEO of the Company, remarked that “We are happy to announce our sixth repurchase program. We have been successful in our prior repurchase programs, which have allowed us to repurchase shares at a significant discount to tangible book value. We believe that share repurchases are a prudent use of capital and are pleased to have the strong capital position that allows us the ability to purchase our stock and provide value to our shareholders.”

    About Blue Foundry Bancorp

    Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted. Headquartered in Rutherford NJ, with a presence in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset and Union counties, Blue Foundry Bank is a full-service, innovative bank serving the doers, movers, and shakers in our communities. We offer individuals and businesses alike the tailored products and services they need to build their futures. With a rich history dating back more than 145 years, Blue Foundry Bank has a longstanding commitment to its customers and communities. To learn more about Blue Foundry Bank visit BlueFoundryBank.com or call (888) 931-BLUE. Member FDIC.

    Forward Looking Statements

    Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain current assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target” and similar expressions.

    Forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: inflation and changes in the interest rate environment that reduce our margins and yields, the fair value of financial instruments or our level of loan originations, or increase in the level of defaults, losses and prepayments on loans we have made and make; general economic conditions, either nationally or in our market areas, that are worse than expected, including potential recessionary conditions, the imposition of tariffs or other domestic or international governmental policies; including potential recessionary conditions, the imposition of tariffs or other domestic or international governmental policies; changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; our ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in our market area; our ability to implement and change our business strategies; competition among depository and other financial institutions; adverse changes in the securities or secondary mortgage markets; changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees, capital requirements and insurance premiums; changes in monetary or fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board; changes in the quality or composition of our loan or investment portfolios; technological changes that may be more difficult or expensive than expected; a failure or breach of our operational or security systems or infrastructure, including cyber-attacks; the inability of third party providers to perform as expected; our ability to manage market risk, credit risk and operational risk in the current economic environment; changes in consumer spending, borrowing and savings habits; changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the Financial Accounting Standards Board, the Securities and Exchange Commission or the Public Company Accounting Oversight Board; our ability to retain key employees; the current or anticipated impact of military conflict, terrorism or other geopolitical events; the ability of the U.S. Government to manage federal debt limits; and changes in the financial condition, results of operations or future prospects of issuers of securities that we own.

    Because of these and other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. Except as required by applicable law or regulation, we do not undertake, and we specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

    Contact Information

    Elyse D. Beidner
    Investor Relations
    BlueFoundryBank.com
    ebeidner@bluefoundrybank.com
    201-939-5000

    The MIL Network –

  • MIL-OSI Security: U.S. Marshals in FL Arrest Man Wanted in TN on 32 Counts of Abuse of Minors

    Source: US Marshals Service

    Tampa, FL – The U.S. Marshals Florida Caribbean Regional Fugitive Task Force – Tampa Office, acting on a collateral lead from the USMS Smoky Mountains Fugitive Task Force in Eastern Tennessee, June 19 arrested in Florida a man wanted in Tennessee on 32 felony counts of sexual abuse and exploitation of three Blount County juvenile minors.

    Giovannie Torres, 30, of Tampa, was arrested at his home on a 32-count indictment including the following charges issued by the Blount County Sheriff’s Office:

    • Continuous sexual abuse of a child (1 count)
    • Sexual exploitation of a minor by electronic means (13 counts)
    • Especially aggravated sexual exploitation of a minor (5 counts)
    • Aggravated sexual exploitation of a minor (4 counts)
    • Unlawful exposure (1 count)
    • Sexual exploitation of a minor (3 counts)
    • Sale, loan, or exhibition of material to minors (1 count)
    • Aggravated stalking (2 counts)
    • Harassment (2 counts)

    Torres is scheduled to be extradited to Tennessee within 30 days to face his charges in Blount County. 

    The BCSO Investigation unit began an inquiry into Torres in late December 2024 when three female juvenile victims (two 14-year-olds and one 13-year-old) came forward with information that an individual they believed was a male juvenile befriended them on Snapchat. That individual then began coercing the girls into sending him inappropriate photos and videos. When the victims refused, the suspect threatened them by telling them he knew where they lived and that he would release the photos and videos publicly if they didn’t continue communications with him. He also mailed inappropriate materials to one of the victims. Using a series of investigative techniques, the Blount County Sheriff’s investigator identified Torres as the perpetrator of these crimes as well as tied him to victims in other states.

    With the help of the U.S. Marshals Eastern District of Tennessee Smoky Mountains Fugitive Task Force in coordination with the U.S. Marshals Florida Caribbean Regional Fugitive Task Force – Tampa, Torres was arrested on the 32 charges earlier this year, however, a Florida judge released Torres with no bond conditions or instructions to report to Tennessee. After his release, Torres began communications with other victims outside of Tennessee. 

    The U.S. Marshals Service – FCRFTF took Torres into custody Friday evening.

    Law enforcement authorities urge parents to monitor their children’s online activity. 

    MIL Security OSI –