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Category: Finance

  • MIL-OSI: Market Intelligence on Autopilot: St Mary Capital Delivers Real-Time Feed

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 23, 2025 (GLOBE NEWSWIRE) — Global investment firm St Mary Capital has introduced a real-time market intelligence feed. The feature is live and updated across the main asset classes and is focused on allowing clients to track changes in the market as they occur.

    The feed provides automatic feeds of the movement of equities, indices, commodities, and crypto-currency. It will help clients to make faster decisions by providing real-time market signals and price alerts. This launch comes as more traders look for simple tools that reduce the time spent searching for key market data.

    Helping Traders Stay Focused

    The feed was designed to be user-friendly. It puts alerts directly on the user’s dashboard, thereby not requiring traders to refresh pages or move to various platforms so that they are informed. The updates are in an organized and straightforward format.

    The clients will also be able to redefine the feed according to their time zone and the asset of their choice. For those who trade across different markets, having everything in one place may make tracking trends less stressful.

    The development of the feed followed a period of user testing. The feed is meant to work alongside other tools clients already use. It does not replace charting software or analysis platforms but adds an extra layer of awareness. Users can set it to show updates only for the assets they are actively watching or trading.

    Custom Alerts for Real-Time Reactions

    Customers have the ability to define alerts regarding price alert or volume activity or market news. This makes the user take immediate action when certain conditions are fulfilled, so they do not require monitoring the screen all the time.

    Even during periods of high trading activity, the feed can manage substantial data volumes. The company has confirmed that the system pulls data from multiple sources to keep updates timely and accurate.

    The feature is now live on St Mary Capital’s platform. All registered clients can access it as part of their existing services. More updates may be added later based on client feedback.

    Looking Ahead

    This new feed reflects a move toward more automated trading tools. While the current version focuses on real-time alerts, future versions may include extra features like market sentiment updates or trade suggestions.

    St Mary Capital says it will continue to gather client input to guide further improvements.

    About St Mary Capital

    St Mary Capital is a global investment company offering access to a diverse range of financial instruments, including cryptocurrencies, equities, indices, and commodities. Known for its data-driven approach and personalized account management, St Mary Capital empowers clients with tools, insights, and support to navigate today’s complex financial landscape. With a strong focus on transparency and regulatory alignment, the company continues to be a trusted resource for modern investors worldwide.

    Media Contact:
    Name:Benjamin Rothwell
    Email: office@stmarycapital.com
    Website: https://stmarycapital.com/

    Disclaimer: This press release is provided by St Mary Capital. 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.

    The MIL Network –

  • MIL-OSI: AGF Investments Announces June 2025 Cash Distributions for Certain AGF ETFs and ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) today announced the June 2025 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions, as well as AGF Global Sustainable Growth Equity ETF, which pays quarterly distributions. Unitholders of record on June 30, 2025 will receive cash distributions payable on July 7, 2025.

    Details regarding the final “per unit” distribution amounts are as follows:

    ETF Ticker Exchange Cash Distribution
    Per Unit ($)
    AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc. $0.135717
    AGF Total Return Bond Fund* ATRB Cboe Canada Inc. $0.094000
    AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc. $0.146216
    AGF Global Sustainable Growth Equity ETF AGSG Cboe Canada Inc. $0.142000
           

    *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option.

    Further information about the AGF ETFs can be found at AGF.com.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    AGF ETFs are ETFs offered by AGF Investments Inc. ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

  • MIL-OSI Global: How emotions rule every stage of the entrepreneurial process

    Source: The Conversation – UK – By Florencio Portocarrero, Assistant Professor of Management, Department of Management, London School of Economics and Political Science

    tsyhun/Shutterstock

    Governments often see entrepreneurs as the engines of innovation, job creation and economic growth. In the UK alone, small and medium enterprises account for 99.8% of the business population and employ more than 16 million people.

    However, entrepreneurship is not just a strategic or financial undertaking. It’s primarily an emotional journey. From the spark of an idea to the triumphs and failures of running a business, emotions constantly shape how entrepreneurs think, decide, act and relate to others.

    Recent research I led draws on 276 studies to show that emotions don’t just accompany entrepreneurship – they drive it. Far from being distractions, emotions – like passion, fear, anxiety and compassion – and emotional intelligence can make or break a venture. Here are four ways they shape the entrepreneurial journey.

    1. The double edge of passion

    Ask any entrepreneur what keeps them going through long hours, tight budgets and personal sacrifice, and you’ll probably hear the word “passion”. Passion is one of the most studied emotions in entrepreneurship – for good reason. It fuels creativity, motivates persistence and can inspire others.

    Investors are more likely to back passionate founders and employees feel more engaged when their leaders show authentic enthusiasm. Passionate storytelling resonates with customers.

    Most of the benefits linked to passion emerge when entrepreneurs choose to pursue ventures that align with their identity and values. This aspect of the emotion is called “harmonious passion”, and it leads to greater wellbeing, better work-life balance and sustained motivation.

    But passion also has a darker side, called obsessive passion. This is a type of emotional experience driven by internal pressures (self-worth, for example) or external expectations (status or validation). Entrepreneurs with high levels of obsessive passion often become workaholics, suffer burnout and cannot walk away from their enterprises. This is even the case when their ventures are experiencing sustained failures.

    Passion can be a superpower. But like any power, it needs to be wielded with care.

    2. Fear and anxiety: not always the enemy

    Starting a business is inherently risky. Founders often deal with uncertain markets, fluctuating cash flow and high personal stakes. Unsurprisingly, fear and anxiety are common companions in this journey.

    These emotions are often framed negatively, but our research shows that they serve vital functions. Fear can make entrepreneurs more vigilant and help them anticipate challenges. Anxiety can enhance performance under pressure, such as during investor pitches or public launches. These can act like emotional smoke alarms, warning entrepreneurs about potential problems before they spiral.

    However, problems arise when these emotions become overwhelming. Chronic fear of failure can prevent entrepreneurs from taking calculated risks. It can lead to perfectionism, decision paralysis or the premature abandonment of promising ideas.

    The key is not to suppress fear or anxiety but to manage these emotions. Practices like journaling, peer mentorship and mindfulness training are valuable tools. They can help entrepreneurs reflect and use fear and anxiety constructively rather than letting it control them.

    Journaling can be an effective way for entrepreneurs to manage fear – and channel it positively.
    Daniel Hoz/Shutterstock

    3. Compassion as fuel for social enterprise

    Entrepreneurship isn’t always about chasing profits. Many founders launch ventures to address urgent social issues, from poverty and inequality to environmental degradation. These social entrepreneurs are often driven not just by vision but also by compassion.

    Our review found that compassion is a defining emotional characteristic of social entrepreneurs. It motivates them to act when others turn away. It helps them connect with communities, earn trust and stay resilient in the face of adversity. Their emotional connection to a mission creates a deep sense of purpose that can carry them through setbacks that might paralyse other entrepreneurs.

    This emotional resilience is often overlooked in traditional entrepreneurship education, which tends to emphasise strategy and metrics. But for many mission-driven founders, compassion is the emotional backbone of the business.

    4. Emotional intelligence as a business strategy

    Emotions don’t just shape how entrepreneurs feel, they affect how others respond to them. Our research points to emotional intelligence, the ability to recognise, understand and regulate emotions, as a critical skill for entrepreneurs.

    Founders who demonstrate high emotional intelligence motivate teams better, manage conflict and build trust with stakeholders. They’re more likely to retain talent, adapt under pressure and sustain long-term ventures. Investors, too, respond to emotional cues. A confident and passionate pitch can be more persuasive than a technically perfect but emotionally flat one.

    However, there’s a fine line. Too much emotional expression can backfire. Investors may question the founder’s judgement, and teams may interpret it as instability.

    The most effective entrepreneurs aren’t the ones who suppress their emotions but those who deploy them strategically. In a world where startups rise and fall on relationships, emotional intelligence is not a soft skill. It’s a core business strategy.

    Entrepreneurship is an emotional endeavour. The highs are exhilarating, but the lows can be crushing. While grit and skill matter, our review shows that founders’ emotional agility often determines whether they thrive or burn out.

    Innovation should be celebrated and it’s vital to recognise and support entrepreneurs’ emotional experiences. That means building programmes that teach emotional management, creating networks that offer psychological safety and reframing failure not as weakness but as part of the emotional terrain of entrepreneurship.

    This article was co-published with LSE Blogs at the London School of Economics.

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

    – ref. How emotions rule every stage of the entrepreneurial process – https://theconversation.com/how-emotions-rule-every-stage-of-the-entrepreneurial-process-258439

    MIL OSI – Global Reports –

  • MIL-OSI Africa: Central African Republic : African Development Bank Strengthens Capacity to Tackle Illicit Financial Flows and Manage Resource-backed Loans

    The African Development Bank Group (www.AfDB.org) has successfully concluded a high-level workshop and policy dialogue aimed at enhancing the Central Africa Republic’s capacity to combat illicit financial flows (IFFs) and improve the governance of resource-backed loans.

    Held in Bangui from 10-13 June 2025 under the theme “Harnessing Africa’s Wealth: Curbing Illicit Financial Flows for Resilient Growth and Development,” the four-day event brought together 80 officials from key government ministries, including Finance, Economy, Planning, Environment, Mines and Geology – as well as civil society, the private sector, and local communities.

     The sessions were convened by the African Development Institute (ADI) (https://apo-opa.co/4k3PqnO) and the Natural Resources Management and Investment Centre (ECNR) (https://apo-opa.co/3I7F8Wc) as part of the Bank’s GONAT initiative, which supports improved natural resource governance in fragile and transitional states.

    High-level panelists included Prof. Richard Filakota, Minister of Economy, Planning and International Cooperation who also serves as the Bank’s Governor for the Central African Republic; Mr. Rufin Benam Beltoungou, Minister of Mines and Geology; and Prof. Chantal Laure Djebebe, Minister and Advisor to the Prime Minister on natural resources.

    Illicit financial flows are a major challenge across the continent, draining billions of dollars annually and severely constraining the ability of African countries to mobilize domestic resources for development.

    “The Central African Republic is rich in natural resources – gold, diamonds, uranium, copper, forests, among others. However, without enhanced oversight, institutional capacity, and sound strategic planning, these resources can become a source of political instability, illicit activities, and unsustainable debt,” warned Minister Beltoungou.

    Workshop participants emphasized the growing use of resource-backed loans – facilities collateralized by natural resources – to finance infrastructure development. While these instruments can unlock critical funding, they also pose risks.

    “Resource-backed loans are loans collateralized by natural resources and can help finance infrastructure such as roads, hospitals, and schools. However, caution is needed in managing repayment conditions, especially when a country lacks full control over its resource accounting,” emphasized Médard Goudozoui, a geological engineer and training beneficiary.

    The capacity-building sessions introduced a suite of practical tools and analytical methods for detecting and addressing IFFs in the Central African Republic.

    “We explored techniques such as the Partner Country Method, trade misinvoicing, and international indices like the Financial Secrecy Index and the Corruption Perception Index – all of which help identify discrepancies between export declarations and customs records in partner countries,” noted Fanta Mariette Samba-Vomi, a geological engineer and Director of the Mining Cadastre. According to her, such tools are critical in detecting anomalies related to under- or over-valuation of exported resources – as often seen in the gold and diamond sectors in the CAR.

    Gender inclusion in governance processes was also featured during the workshop.

    “We welcome the GONAT project’s focus on inclusive governance, with a target of at least 40% female participation. As a Bank, we recognize that transformative and sustainable change is only possible when the voices of women and local communities are integrated into policy formulation processes,” said Mamady Souaré, Country Manager of the African Development Bank Group in the Central African Republic.

    Echoing this, Alexia Molotouala, Head of Division at the Permanent Secretariat of the Kimberley Process, stated: “Increasing women’s involvement is critical because they play a key role in affected communities. Their participation enhances transparency, fairness, and policy effectiveness. Inclusive governance also promotes social cohesion and sustainable development.”

    Dr. Eric Ogunleye, Director of the African Development Institute emphasized the broader impact of the sessions. “It is our firm belief that the knowledge and tools acquired will go a long way in fostering stronger oversight of resource-backed loans and better governance of extractive resources.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Contact:
    Solange Kamuanga-Tossou
    Principal Regional Communication Officer
    African Development Bank
    media@afdb.org

    About the GONAT Project:
    GONAT is a flagship initiative of the African Development Bank Group. Designed to improve governance in the natural resources sector to facilitate domestic resource mobilization in fragile and transition states, the project specifically targets the Central African Republic, Chad, the Democratic Republic of Congo, Mozambique, Sierra Leone, and Zimbabwe. Natural resource sectors covered under GONAT include oil, gas, minerals, forestry, fisheries, and wildlife.

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    MIL OSI Africa –

  • Bridging Gaps, Building Futures: 11 Years of inclusive growth for minorities in India

    Source: Government of India

    Source: Government of India (4)

    Over the past eleven years, the central government has made substantial progress in promoting inclusive development among the six centrally notified minority communities—Muslims, Christians, Sikhs, Buddhists, Parsis, and Jains. Through a multi-dimensional approach involving education, employment, cultural preservation, digital transformation, and legislative reform, the Ministry of Minority Affairs has worked toward narrowing socio-economic disparities and empowering marginalized sections of society.

    Economic Empowerment and Skills Development

    At the heart of this transformative agenda is the Pradhan Mantri Virasat Ka Samvardhan (PM VIKAS), a flagship scheme launched by the Ministry of Minority Affairs. This comprehensive initiative merges five earlier schemes—Seekho Aur Kamao, Nai Manzil, Nai Roshni, Hamari Dharohar, and USTTAD—into one. PM VIKAS focuses on upskilling youth, promoting entrepreneurship, and empowering minority women through leadership and training programs. It operates in conjunction with the Skill India Mission and integrates with the Skill India Portal for wider outreach and impact.

    The National Minorities Development and Finance Corporation (NMDFC) continues to play a pivotal role in economic empowerment. Offering concessional loans for self-employment, the NMDFC has disbursed ₹752.23 crore to over 1.74 lakh beneficiaries as of March 10, 2025, a significant rise from ₹431.20 crore in 2014-15.

    Infrastructure Development for Community Welfare

    Infrastructure growth has been spearheaded by the Pradhan Mantri Jan Vikas Karyakram (PMJVK), a centrally sponsored scheme aimed at holistic development in minority-concentrated areas. Since 2014-15, projects worth ₹18,416 crore have been sanctioned, covering approximately 5.63 lakh infrastructure units across sectors like health, education, sanitation, renewable energy, and women and child development. The scheme has now been digitized for better monitoring and transparency, with 1,300 Minority Concentration Areas identified across 308 districts in 32 states and UTs.

    Education and Scholarships

    While some schemes like the Maulana Azad National Fellowship (MANF) and Padho Pardesh have been discontinued due to overlaps with other government initiatives, others like the Begum Hazrat Mahal National Scholarship for girls in classes IX to XII, and Naya Savera (Free Coaching and Allied scheme) continue to support educational aspirations of minority youth. Naya Savera provides coaching for competitive exams and admissions into technical and professional courses.

    Cultural and Heritage Preservation

    Schemes like Hamari Dharohar and USTTAD (Upgrading the Skills and Training in Traditional Arts/Crafts for Development) focus on preserving the cultural legacy of minority communities. These schemes support exhibitions, documentation, and skill development among traditional artisans while creating market linkages for their products.

    In further efforts to promote cultural heritage, ₹25 crore has been sanctioned for a Centre for Gurumukhi Script at Khalsa College, Delhi University, while ₹11.17 crore has been approved for a Centre for Avesta Pahlavi Studies at Mumbai University. Projects worth ₹65 crore are in progress for Jain Studies and Manuscriptology at institutions in Indore and Gujarat.

    Special Initiatives for Community Support

    The Jiyo Parsi scheme, launched in 2013-14 to address the declining Parsi population, has aided the birth of over 400 Parsi children. In FY 2023-24, ₹3 crore was released, with a proposed budget of ₹6 crore for 2024-25.

    Under the Buddhist Development Plan (BDP), ₹300.17 crore worth of projects have been approved to support Buddhist communities, especially in the Himalayan belt. Key institutions like the Central Institute of Buddhist Studies (CIBS) and Central Institute of Himalayan Culture Studies (CIHCS) are implementing these initiatives through a hub-and-spoke model.

    The Government has also focused on easing the Haj pilgrimage, transferring its administration from the Ministry of External Affairs to the Ministry of Minority Affairs in 2016. Expenditures have increased from ₹47.37 crore in 2014-15 to ₹83.51 crore in 2023-24. Digital support has been introduced through the Haj Suvidha App, providing pilgrims access to essential services like travel details, emergency help, and training materials.

    Legislative Reforms and Digital Transformation

    A significant development came with the Waqf (Amendment) Act, 2025 notified on April 8, 2025. This amendment strengthens governance and transparency in the management of Waqf properties. It is complemented by the launch of the UMEED Portalon June 6, 2025—a centralized digital platform for uploading, verifying, and monitoring Waqf properties. These measures aim to modernize asset management and ensure properties are used for their intended religious and charitable purposes.

    Further modernization efforts include the Qaumi Waqf Board Taraqqiati Scheme (QWBTS) and Shahari Waqf Sampatti Vikas Yojana (SWSVY), which focus on computerization and commercial development of waqf properties. From 2019-20 to 2023-24, ₹23.87 crore and ₹7.16 crore were spent under QWBTS and SWSVY respectively.

    Promoting Indigenous Arts and Entrepreneurship

    The Ministry also organizes Lok Samvardhan Parv, a cultural event to showcase minority arts and crafts while fostering entrepreneurship. Three editions have been held—in July 2024 at Dilli Haat, January 2025 at Baba Kharak Singh Marg, and April 2025 at Kashmir University in Srinagar. These events feature workshops on design, marketing, GST, and digital commerce in partnership with the Export Promotion Council for Handicrafts (EPCH).

  • MIL-OSI: Baylin Technologies to Present at the Small Cap Growth Virtual Investor Conference June 26th

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 23, 2025 (GLOBE NEWSWIRE) — Baylin Technologies Inc. (“Baylin” or the “Company”), based in Toronto, Ontario, Canada today announced that Chief Executive Officer Leighton Carroll, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26th, 2025.

    DATE: June 26th
    TIME: 10:30am EDT
    LINK: REGISTER HERE

    Available for 1×1 meetings: June 26/27

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    About Baylin

    Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers’ needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:

    Baylin Technologies Inc
    Name: Kelly Myles
    Title: Director Communications and Investor Relations
    Email: Kelly.Myles@baylintech.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: FactSet Reports Results for Third Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Q3 GAAP revenues of $585.5 million, up 5.9% from Q3 2024.
    • Organic Q3 ASV of $2,296.9 million, up 4.5% year over year.
    • Q3 GAAP operating margin of 33.2%, down approximately 350 bps year over year, and adjusted operating margin of 36.8%, down 270 bps year over year.
    • Q3 GAAP diluted EPS of $3.87, down 5.4% from the prior year, and adjusted diluted EPS of $4.27, down 2.3% year over year.
    • FactSet appointed Sanoke Viswanathan as CEO, effective early September 2025. He succeeds Phil Snow, who will retire as CEO and Board member. Snow will remain a senior advisor through the end of the calendar year.

    NORWALK, Conn., June 23, 2025 (GLOBE NEWSWIRE) — FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for its third quarter fiscal 2025 ended May 31, 2025.

    Third Quarter Fiscal 2025 Highlights

    • GAAP revenues increased 5.9%, or $32.8 million, to $585.5 million for the third quarter of fiscal 2025 compared with $552.7 million in the prior year period. Organic(1) revenues grew 4.4% year over year to $577.2 million during the third quarter of fiscal 2025. Growth in GAAP and Organic revenues this quarter was driven by wealth and institutional buy-side clients.
    • Annual Subscription Value (“ASV”) was $2,335.1 million at May 31, 2025, compared with $2,199.1 million at May 31, 2024. Organic ASV was $2,296.9 million at May 31, 2025, up 4.5% or $98.5 million year over year(2).
    • Organic ASV increased $22.6 million over the last three months. Please see the “ASV” section of this press release for details.
    • GAAP operating margin decreased to 33.2% compared with 36.6% for the prior year period. Adjusted operating margin decreased to 36.8% compared with 39.4% in the prior year period. GAAP and adjusted operating margin decreased primarily due to the lapping of both a lower bonus accrual and a one-time payroll tax adjustment that occurred in the prior year, as well as higher annual base salaries from inclusion of recent acquisitions, partially offset by growth in revenues. In addition, GAAP operating margin decreased due to higher amortization of intangible assets.
    • GAAP diluted earnings per share (“EPS”) decreased 5.4% to $3.87 compared with $4.09 for the same period in fiscal 2024. Adjusted diluted EPS decreased 2.3% to $4.27 compared with $4.37 in the prior year period. The decrease in GAAP diluted EPS and adjusted diluted EPS were mainly driven by higher operating expenses, partially offset by growth in revenues.
    • Net cash provided by operating activities was $253.8 million for the third quarter of fiscal 2025, an increase of 6.5% compared with the prior year period. Free cash flow increased to $228.6 million for the third quarter of fiscal 2025, compared with $216.9 million for the prior year period, an increase of 5.4%, primarily due to higher operating cash flows.
    • GAAP effective tax rate for the third quarter of fiscal 2025 increased to 17.5% compared with 17.0% for the third quarter of fiscal 2024. The increase was primarily due to certain discrete items, mainly lower excess tax benefits related to stock-based compensation, as well as a higher overall foreign tax rate, partially offset by lower U.S. tax on foreign earnings.

    (1) References to “organic” figures in this press release exclude the current year impact of acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency.

    (2) Beginning in fiscal 2025, FactSet is reporting Organic ASV, rather than Organic ASV plus Professional Services, to focus on the recurring nature of its revenues. This underscores the shift of FactSet’s offerings toward providing more managed services and less project-based services.

    “We are pleased with our third quarter performance, which reflects the execution of our enterprise solution strategy. With a healthy pipeline and increased momentum, we are well-positioned to finish the fiscal year with strength,” said Phil Snow, CEO of FactSet. “As FactSet prepares for its next chapter of leadership, I’m proud of the solid foundation we’ve established, built on innovation, client trust, and industry-leading data and workflow solutions. This platform gives me great conviction in the Company’s continued success.”

    Key Financial Measures*

    (Condensed and Unaudited) Three Months Ended  
      May 31,  
    (In thousands, except per share data) 2025 2024 Change
    Revenues $ 585,520   $ 552,708   5.9 %
    Organic revenues $ 577,200   $ 552,708   4.4 %
    Operating income $ 194,155   $ 202,459   (4.1 )%
    Adjusted operating income $ 215,313   $ 217,960   (1.2 )%
    Operating margin   33.2 %   36.6 %  
    Adjusted operating margin   36.8 %   39.4 %  
    Net income $ 148,542   $ 158,135   (6.1 )%
    Adjusted net income $ 163,921   $ 168,796   (2.9 )%
    EBITDA $ 235,915   $ 239,930   (1.7 )%
    Diluted EPS $ 3.87   $ 4.09   (5.4 )%
    Adjusted diluted EPS $ 4.27   $ 4.37   (2.3 )%

             * See reconciliation of U.S. GAAP to adjusted key financial measures in the back of this press release.

    “As anticipated, the second half in fiscal 2025 is showing improved results, with third quarter organic ASV growth accelerating as we meet client demands and execute diligently,” said Helen Shan, FactSet’s CFO. “At the same time, we remain focused on investing in our strategic priorities and are reaffirming our fiscal 2025 guidance to achieve our full year targets.”

    Annual Subscription Value (ASV)

    ASV at any given point in time represents the forward-looking revenues for the next 12 months from all subscription services currently supplied to clients.

    ASV was $2,335.1 million at May 31, 2025, compared with $2,199.1 million at May 31, 2024. Organic ASV was $2,296.9 million at May 31, 2025, up $98.5 million from the prior year, for a growth rate of 4.5%. Organic ASV increased $22.6 million over the last three months.

    The buy-side and sell-side organic ASV annual growth rates as of May 31, 2025 were each 4.0%. Buy-side clients, including institutional asset managers, wealth managers, asset owners, partners, hedge funds and corporate clients, accounted for 82% of organic ASV. The remaining organic ASV came from sell-side firms, including broker-dealers, banking and advisory firms, and private equity and venture capital firms. Supplementary tables covering organic buy-side and sell-side ASV growth rates may be found on the last page of this press release.

    Segment Revenues and ASV

    ASV from the Americas was $1,513.1 million compared with ASV in the prior year period of $1,415.3 million. Organic ASV from the Americas increased 5.0% to $1,486.0 million. Americas revenues for the quarter increased to $380.5 million compared with $356.5 million in the third quarter of last year. The Americas quarterly organic revenues growth rate was 5.0% over the prior year period.

    ASV from EMEA was $581.9 million compared with ASV in the prior year period of $565.0 million. Organic ASV from EMEA increased 2.1% to $575.2 million. EMEA revenues were $145.7 million compared with $141.2 million in the third quarter of fiscal 2024. The EMEA quarterly organic revenues growth rate was 2.3% over the prior year period.

    ASV from Asia Pacific was $240.1 million compared with ASV in the prior year period of $218.8 million. Organic ASV from Asia Pacific increased 7.1% to $235.7 million. Asia Pacific revenues were $59.3 million compared with $55.0 million in the third quarter of fiscal 2024. The Asia Pacific quarterly organic revenues growth rate was 6.4% over the prior year period.

    Operational Highlights – Third Quarter Fiscal 2025

    • Client count as of May 31, 2025 was 8,811, a net increase of 166 clients in the past three months, driven by hedge fund, corporate and wealth management clients, and now includes clients from the LiquidityBook acquisition. The count includes clients with ASV of $10,000 and more.
    • User count was 220,496 as of May 31, 2025, a net increase of 1,355 users in the past three months, driven by an increase in wealth management users. The user count does not reflect the fiscal 2025 acquisitions.
    • Annual ASV retention was greater than 95% as of May 31, 2025. When expressed as a percentage of clients, annual retention was 91% as of May 31, 2025.
    • Employee headcount was 12,579 as of May 31, 2025, up 2.6% over the last 12 months, with the increase primarily in the sales and technology groups, mainly from the Irwin and LiquidityBook acquisitions and an increase in employees in our Centers of Excellence. FactSet’s Centers of Excellence account for approximately 67% of the Company’s employees.
    • A quarterly dividend of $41.6 million, or $1.10 per share, was paid on June 18, 2025, to holders of record of FactSet’s common stock at the close of business on May 30, 2025. This represents a 6% increase in the regular quarterly dividend from the $1.04 per share paid in the previous quarter and marks the 26th consecutive year the Company has increased dividends on a stock split-adjusted basis.
    • FactSet entered into a new credit agreement that includes a term loan of $500 million and a revolving credit facility of $1.0 billion, which remains undrawn. The term loan was used to repay borrowings under the 2022 credit agreement.
    • FactSet announced that Phil Snow will retire as CEO and a member of the Board, effective early September 2025 and will be succeeded by Sanoke Viswanathan, most recently CEO of International Consumer and Wealth at JPMorgan Chase. Snow will serve as a senior advisor through the end of the calendar year.
    • FactSet was named Databricks’ Financial Services Data Partner of the Year. FactSet data is available on the Databricks Marketplace to help clients accelerate time to value by eliminating manual data integration and enabling seamless and secure access to FactSet’s industry-leading proprietary and third-party connected data.
    • After the quarter, CUSIP Global Services announced a collaboration with Aumni, Inc., a JPMorgan company, to expand CUSIP coverage for venture-backed and private equity-owned companies. This expanded coverage provides standardized identifiers for company issuers and their financial instruments, thereby increasing efficiency, accuracy, and security in reporting, settlement, and analytics for venture capital firms, private equity firms, and their investors.

    Share Repurchase Program

    FactSet repurchased 184,050 shares of its common stock for $80.7 million at an average price of $438.45 during the third quarter of fiscal 2025 under the Company’s share repurchase program. As of May 31, 2025, $106.2 million remained available for share repurchases under this program. Additionally, on June 17, 2025, the Board of Directors of FactSet approved a new share repurchase authorization of up to $400 million, which will be available on September 1, 2025.

    Annual Business Outlook

    FactSet reaffirms its outlook for fiscal 2025 provided on March 20, 2025. The following forward-looking statements reflect FactSet’s expectations as of today’s date. Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially. FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.

    Fiscal 2025 Expectations

    • Organic ASV is expected to grow in the range of $100 million to $130 million during fiscal 2025.
    • GAAP revenues are expected to be in the range of $2,305 million to $2,325 million.
    • GAAP operating margin is expected to be in the range of 32.0% to 33.0%.
    • Adjusted operating margin is expected to be in the range of 36.0% to 37.0%.
    • FactSet’s annual effective tax rate is expected to be in the range of 17% to 18%.
    • GAAP diluted EPS is expected to be in the range of $14.80 to $15.40.
    • Adjusted diluted EPS is expected to be in the range of $16.80 to $17.40.

    Adjusted operating margin and adjusted diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2025. Please see the back of this press release for a reconciliation of GAAP to adjusted metrics.

    Conference Call

    Third Quarter 2025 Conference Call Details

    Please register for the conference call using the above link before the call start time. The conference call platform will register your name and organization and provide dial-in numbers and a unique access pin. The conference call will have a live Q&A session.

    A replay will be available on the Company’s investor relations website after 1:00 p.m. Eastern Time on June 23, 2025, through June 23, 2026. The earnings call transcript will be available via FactSet CallStreet.

    Forward-looking Statements

    This press release contains forward-looking statements based on management’s current expectations, estimates, forecasts and projections about future events and circumstances, industries in which FactSet operates and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook or projections about the future, including statements about the Company’s strategy for growth, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “intends,” “projects,” “indicates,” “predicts,” “potential,” or “continue,” and similar expressions. Forward-looking statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet’s filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K and quarterly reports on Form 10-Q, as well as others, could cause results to differ materially from those expressed or implied by the forward-looking statements. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. FactSet assumes no duty to and does not undertake to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Future results could differ materially from historical performance.

    About Non-GAAP Financial Measures

    The Company reports its financial results in accordance with U.S. GAAP. The Company also refers to and presents certain additional non-GAAP financial measures. These measures include: organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, adjusted diluted EPS, and free cash flow. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP at the back of this release.

    FactSet uses these non-GAAP financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these non-GAAP financial measures provide useful supplemental information to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Investors may benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods, and such measures may also facilitate comparisons to historical performance. The Company believes that organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, and adjusted diluted EPS help to fully reflect the underlying economic performance of FactSet. The Company believes that free cash flow is useful to investors because it is an indication of cash flow that may be available to fund investments in future growth initiatives. The presentation of this non-GAAP financial information should not be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with GAAP. We are not able to reconcile certain forward-looking non-GAAP measures to reported measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability.

    About FactSet

    FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 8,800 global clients and over 220,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

    Investor Relations:                         
    Kevin Toomey
    +1.212.209.5259
    Kevin.Toomey@factset.com

    Media Relations:
    Kelsey Goldsmith
    +1.207.712.9726
    Kelsey.Goldsmith@factset.com

                 
    Consolidated Statements of Income (Unaudited)            
      Three Months Ended   Nine Months Ended
      May 31,   May 31,
    (In thousands, except per share data) 2025   2024   2025   2024
    Revenues $ 585,520     $ 552,708     $ 1,724,847     $ 1,640,869  
    Operating expenses              
    Cost of services   280,729       246,986       809,112       753,749  
    Selling, general and administrative   110,636       103,263       344,753       313,679  
    Total operating expenses   391,365       350,249       1,153,865       1,067,428  
                   
    Operating income   194,155       202,459       570,982       573,441  
                   
    Other income (expense), net              
    Interest income   1,509       4,568       4,483       10,427  
    Interest expense   (15,122 )     (16,894 )     (43,438 )     (50,231 )
    Other income (expense), net   (594 )     399       (20 )     736  
    Total other income (expense), net   (14,207 )     (11,927 )     (38,975 )     (39,068 )
                   
    Income before income taxes   179,948       190,532       532,007       534,373  
                   
    Provision for income taxes   31,406       32,397       88,583       86,743  
    Net income $ 148,542     $ 158,135     $ 443,424     $ 447,630  
                   
    Basic earnings per common share $ 3.92     $ 4.15     $ 11.68     $ 11.76  
    Diluted earnings per common share $ 3.87     $ 4.09     $ 11.53     $ 11.58  
                   
    Basic weighted average common shares   37,907       38,089       37,976       38,069  
    Diluted weighted average common shares   38,344       38,640       38,457       38,644  

    Certain prior year figures have been conformed to the current year’s presentation.

       
    Consolidated Balance Sheets (Unaudited)  
         
         
    (In thousands) May 31, 2025   August 31, 2024
    ASSETS          
    Cash and cash equivalents $ 356,361     $ 422,979  
    Investments   7,684       69,619  
    Accounts receivable, net of reserves of $13,917 at May 31, 2025 and $14,581 at August 31, 2024   271,851       228,054  
    Prepaid taxes   61,048       55,103  
    Prepaid expenses and other current assets   63,534       60,093  
    Total current assets   760,478       835,848  
         
    Property, equipment and leasehold improvements, net   79,627       82,513  
    Goodwill   1,277,855       1,011,129  
    Intangible assets, net   1,931,210       1,844,141  
    Deferred taxes   66,870       61,337  
    Lease right-of-use assets, net   119,191       130,494  
    Other assets   103,531       89,578  
    TOTAL ASSETS $ 4,338,762     $ 4,055,040  
         
    LIABILITIES    
    Accounts payable and accrued expenses $ 144,487     $ 178,250  
    Current debt   —       124,842  
    Current lease liabilities   33,219       31,073  
    Accrued compensation   98,131       93,279  
    Deferred revenues   170,897       159,761  
    Current taxes payable   30,545       40,391  
    Dividends payable   41,644       39,470  
    Total current liabilities   518,923       667,066  
         
    Long-term debt   1,430,197       1,241,131  
    Deferred taxes   16,573       8,452  
    Deferred revenues, non-current   312       1,344  
    Taxes payable   48,072       40,452  
    Long-term lease liabilities   157,088       177,521  
    Other liabilities   12,415       6,614  
    TOTAL LIABILITIES $ 2,183,580     $ 2,142,580  
         
    STOCKHOLDERS’ EQUITY    
    TOTAL STOCKHOLDERS’ EQUITY $ 2,155,182     $ 1,912,460  
         
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,338,762     $ 4,055,040  
                   
    Consolidated Statements of Cash Flows (Unaudited)  
      Nine Months Ended
      May 31,
    (In thousands) 2025   2024
    CASH FLOWS FROM OPERATING ACTIVITIES              
    Net income $ 443,424     $ 447,630  
    Adjustments to reconcile net income to net cash provided by operating activities    
    Depreciation and amortization   114,972       91,154  
    Amortization of lease right-of-use assets   23,152       22,846  
    Stock-based compensation expense   47,154       46,707  
    Deferred income taxes   3,154       (6,979 )
    Other, net   7,428       7,831  
    Changes in assets and liabilities, net of effects of acquisitions    
    Accounts receivable   (41,492 )     (7,176 )
    Prepaid expenses and other assets   6,699       (14,941 )
    Accounts payable and accrued expenses   (49,717 )     17,296  
    Accrued compensation   3,789       (33,329 )
    Deferred revenues   4,955       13,817  
    Taxes payable, net of prepaid taxes   (19,108 )     (15,992 )
    Lease liabilities, net   (30,250 )     (31,687 )
    Net cash provided by operating activities   514,160       537,177  
         
    CASH FLOWS FROM INVESTING ACTIVITIES    
    Purchases of property, equipment, leasehold improvements and capitalized internal-use software   (74,840 )     (59,722 )
    Acquisition of businesses, net of cash and cash equivalents acquired   (348,255 )     —  
    Purchases of investments   (4,433 )     (44,936 )
    Proceeds from maturity or sale of investments   58,155       —  
    Net cash provided by (used in) investing activities   (369,373 )     (104,658 )
         
    CASH FLOWS FROM FINANCING ACTIVITIES    
    Proceeds from debt   803,410       —  
    Repayments of debt   (742,500 )     (187,500 )
    Dividend payments   (118,329 )     (111,297 )
    Proceeds from employee stock plans   72,616       83,497  
    Repurchases of common stock   (193,838 )     (171,918 )
    Other financing activities   (20,686 )     (15,690 )
    Net cash provided by (used in) financing activities   (199,327 )     (402,908 )
         
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   1,966       (1,911 )
    Net increase (decrease) in cash, cash equivalents and restricted cash   (52,574 )     27,700  
    Cash and cash equivalents at beginning of period   422,979       425,444  
    Cash, cash equivalents and restricted cash at end of period $ 370,405     $ 453,144  
         
    Reconciliation of total cash, cash equivalents and restricted cash:    
    Cash and cash equivalents $ 356,361     $ 453,144  
    Restricted cash included in Prepaid expenses and other current assets   6,522       —  
    Restricted cash included in Other assets   7,522       —  
    Total cash, cash equivalents and restricted cash $ 370,405     $ 453,144  

    Certain prior year figures have been conformed to the current year’s presentation.

    Reconciliation of U.S. GAAP Results to Adjusted Financial Measures

    Organic Revenues

    Organic revenues exclude the current year impact of revenues from acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency. The table below provides a reconciliation of revenues to organic revenues:

                       
    (Unaudited) Three Months Ended    
      May 31,    
    (In thousands) 2025   2024   Change
    Revenues $ 585,520     $ 552,708       5.9 %
    Acquisition revenues   (7,781 )     —      
    Currency impact   (539 )     —      
    Organic revenues $ 577,200     $ 552,708       4.4 %
                           

    Non-GAAP Financial Measures

    The table below provides a reconciliation of operating income, operating margin, net income and diluted EPS to adjusted operating income, adjusted operating margin, adjusted net income, EBITDA, and adjusted diluted EPS.

    Adjusted operating income and margin, adjusted net income, and adjusted diluted earnings per share exclude acquisition-related intangible asset amortization and non-recurring items. EBITDA represents earnings before interest expense, provision for income taxes and depreciation and amortization expense.

               
      Three Months Ended        
      May 31,        
    (in thousands, except per share data) 2025   2024   % Change
    Operating income $ 194,155     $ 202,459       (4.1 )%
    Intangible asset amortization   19,182       16,674          
    Business acquisitions and related costs   1,976       423          
    Restructuring/severance   —       (1,596 )        
    Adjusted operating income $ 215,313     $ 217,960       (1.2 )%
    Operating margin   33.2 %     36.6 %        
    Adjusted operating margin(1)   36.8 %     39.4 %        
    Net income $ 148,542     $ 158,135       (6.1 )%
    Intangible asset amortization   13,943       11,466          
    Business acquisitions and related costs   1,436       291          
    Restructuring/severance   —       (1,096 )        
    Adjusted net income(2) $ 163,921     $ 168,796       (2.9 )%
    Net income   148,542       158,135       (6.1 )%
    Interest expense   15,122       16,894          
    Income taxes   31,406       32,397          
    Depreciation and amortization expense   40,845       32,504          
    EBITDA $ 235,915     $ 239,930       (1.7 )%
    Diluted EPS $ 3.87     $ 4.09       (5.4 )%
    Intangible asset amortization   0.36       0.30          
    Business acquisitions and related costs   0.04       0.01          
    Restructuring/severance   —       (0.03 )        
    Adjusted diluted EPS(2) $ 4.27     $ 4.37       (2.3 )%
    Weighted average common shares (diluted)   38,344       38,640          
    (1) Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.
    (2) For purposes of calculating Adjusted net income and Adjusted diluted EPS, all adjustments for the three months ended May 31, 2025 and May 31, 2024 were taxed at an adjusted tax rate of 27.3% and 31.2%, respectively.
       

    Business Outlook Operating Margin, Net Income and Diluted EPS

    (Unaudited)    
    Figures may not foot due to rounding Annual Fiscal 2025 Guidance
    (In millions, except per share data) Low end of range   High end of range
    Revenues $ 2,305     $ 2,325  
    Operating income $ 761     $ 744  
    Operating margin   33.0 %     32.0 %
         
    Intangible asset amortization   80       81  
    Other adjustments (net)   12       12  
    Adjusted operating income $ 853     $ 837  
    Adjusted operating margin(a)   37.0 %     36.0 %
         
    Net income $ 588     $ 567  
    Intangible asset amortization   66       66  
    Other adjustments (net)   10       10  
    Discrete tax items   (4 )     (4 )
    Adjusted net income $ 660     $ 640  
         
    Diluted earnings per common share $ 15.40     $ 14.80  
    Intangible asset amortization   1.73       1.73  
    Other adjustments (net)   0.30       0.30  
    Discrete tax items   (0.03 )     (0.03 )
    Adjusted diluted earnings per common share $ 17.40     $ 16.80  
    (a) Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.
       

    Free Cash Flow

    Cash flows provided by operating activities have been reduced by purchases of property, equipment, leasehold improvements and capitalized internal-use software to report non-GAAP free cash flow.

         
    (Unaudited) Three Months Ended  
      May 31,  
    (In thousands) 2025   2024   Change
    Net Cash Provided for Operating Activities $ 253,833     $ 238,235       6.5 %
    Less: purchases of property, equipment, leasehold improvements and capitalized internal-use software   (25,230 )     (21,339 )  
    Free Cash Flow $ 228,603     $ 216,896       5.4 %
                           

    Supplementary Schedules of Historical ASV by Client Type

    The following table presents the percentages and growth rates of organic ASV by client type, excluding the impact of currency movements, and may be useful to facilitate historical comparisons. Organic ASV excludes acquisitions and dispositions completed within the last 12 months and the effects of foreign currency movements.

    The numbers below do not include professional services or issuer fees.

                     
      Q3’25 Q2’25 Q1’25 Q4’24 Q3’24 Q2’24 Q1’24 Q4’23
    % of ASV from buy-side clients 82.3% 82.3% 82.1% 82.0% 82.3% 82.0% 82.0% 81.8%
    % of ASV from sell-side clients 17.7% 17.7% 17.9% 18.0% 17.7% 18.0% 18.0% 18.2%
                     
    ASV Growth rate from buy-side clients 4.0% 4.1% 4.3% 4.9% 5.3% 5.6% 7.2% 6.9%
    ASV Growth rate from sell-side clients 4.0% 2.2% 3.5% 3.8% 3.7% 5.5% 7.6% 9.3%
                     

    The following table presents the calculation of organic ASV.

       
    (In millions) As of May 31, 2025
    As reported ASV $ 2,335.1  
    Currency impact (a)   (5.7 )
    Acquisition ASV (b)   (32.5 )
    Organic ASV $ 2,296.9  
    Organic ASV annual growth rate   4.5 %
    (a) The impact from foreign currency movements.
       
    (b) Acquired ASV from acquisitions completed within the last 12 months.

    The MIL Network –

  • MIL-OSI Global: African finance ministers shouldn’t be making bond deals: how to hand over the job to experts

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of most African countries.

    Recent developments, however, show that most of the bonds have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks.

    Based on my bond price modelling expertise, it is my view that there are two major drivers of the mispricing of African government bonds. They are interlinked.

    Firstly, a lack of expertise in debt management offices, whose job it is to negotiate the terms of any debt deals and to oversee their execution. This is a topic I explored in a recent article.



    Read more:
    African countries are bad at issuing bonds, so debt costs more than it should: what needs to change

    The second factor, which I address here, is that in many African countries, finance ministers have assumed primary responsibility for Eurobond issuance. They engage directly with investment bankers, legal advisors and credit rating agencies.

    In my view they shouldn’t.

    Finance ministers should stay away from debt negotiations because they are political appointees. They operate under incentives tied to electoral cycles, not fiscal sustainability. Their short tenures and desire to fund visible projects often conflict with the long-term nature of sovereign debt obligations.

    They don’t have the necessary expertise to handle the technical complexity required to get the best possible deal, either.

    Simply calling for ministers to step aside would ignore the institutional realities in most African countries. In particular, debt management offices have severe capacity constraints.

    Nevertheless, as global financial conditions tighten and African countries seek to refinance maturing Eurobonds or issue new instruments, the risks of politicised borrowing must be minimised. Ministers should spend their energies on ensuring their debt management offices are well staffed with top quality teams. They should then leave it up to these technical staff to prepare and arrange the financing.

    This would leave room for ministers to manage any disagreements between technical staff and the banks when necessary. And to close the final deal.

    Ministers versus the experts

    Eurobond issuance involves advanced financial engineering – pricing models, investor engagement, covenant structuring and legal compliance across jurisdictions. It takes a deep understanding of capital markets.

    When debt management offices are operating at their best, they are filled with people who have this knowledge. They have a combination of financial market and public policy skills, including debt portfolio management, risk analysis and debt transaction processing.

    In discussions with debt managers at the African Sovereign Debt Conference it’s become clear to me that debt managers are sidelined in the international bond issuance negotiations. They are also sidelined in the execution process, except for administrative support.

    What happens instead is that finance ministers are usually key contacts of the investment bankers. By approaching a minister directly, investment bankers get to close their mandates faster.

    But this minimises due diligence and bypasses internal safeguards. Ministers may not pay attention to complex legal clauses under foreign jurisdictions, details of investor negotiations and fee structures. They may accept unfavourable terms, ignore sustainability assessments and obscure fiscal vulnerabilities in pursuit of political wins and quick disbursements.

    For example, in 2018, Ghana’s then finance minister was internationally lauded for financial stewardship. Ghana was the first African issuer of a longest tenure and a zero-coupon bond. A year later, the country defaulted, suggesting the bond terms weren’t great for the country. The minister nevertheless received several awards as the best and most prudent in Africa.

    There is also the issue of conflicts of interest. When the same actor – in this case the finance minister – proposes, negotiates and approves a debt instrument, the system lacks accountability.

    In many African countries, parliaments, audit institutions and civil society have limited understanding about the technical details of bond agreements. Ministers can easily sideline procurement rules and transparency mechanisms, resulting in non-competitive contracts and opaque fees paid to underwriters and advisors.

    Investment bankers prefer this arrangement as it works in their favour.

    Reforms that are needed

    Before finance ministers can hand over control, debt management offices must be equipped. This requires targeted reforms, including:

    • Capacity building through strategic partnerships: African debt management offices should work with international issuing syndicates and development partners to gain first-hand exposure to structuring, pricing and marketing global bonds.

    • Human capital reforms: Governments must attract and retain highly skilled debt managers by offering competitive pay, professional development opportunities and protection from political interference.

    • Debt management offices must be staffed by dedicated quantitative analysts. They must also be equipped to use real-time market intelligence systems and formal investor relations programmes.

    • Gradual delegation: Authority can be shifted, starting with less complex debt instruments.

    The role of the finance minister must evolve. Ministers should provide strategic leadership: approving borrowing strategies, ensuring alignment with macroeconomic goals, and engaging parliament and the public.

    Their function should shift from operational to institutional oversight and accountability.

    Structural reforms must embed the capacity, autonomy and transparency required for debt management offices to lead effectively.

    In South Africa, for example, the assets and liabilities management division of the National Treasury department manages government’s annual funding programme.

    Professionalising the debt issuance process is not just about avoiding technical mistakes. It’s also about creating resilient institutions that can withstand political turnover. That fosters credibility and long-term access to capital.

    Ministers should remain accountable to the public, and debt management offices must do their work based on technical merit.

    Misheck Mutize is affiliated with the African Union – African Peer Review Mechanism as a Lead Expert on credit ratings

    – ref. African finance ministers shouldn’t be making bond deals: how to hand over the job to experts – https://theconversation.com/african-finance-ministers-shouldnt-be-making-bond-deals-how-to-hand-over-the-job-to-experts-259017

    MIL OSI – Global Reports –

  • MIL-OSI Global: African finance ministers shouldn’t be making bond deals: how to hand over the job to experts

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of most African countries.

    Recent developments, however, show that most of the bonds have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks.

    Based on my bond price modelling expertise, it is my view that there are two major drivers of the mispricing of African government bonds. They are interlinked.

    Firstly, a lack of expertise in debt management offices, whose job it is to negotiate the terms of any debt deals and to oversee their execution. This is a topic I explored in a recent article.



    Read more:
    African countries are bad at issuing bonds, so debt costs more than it should: what needs to change

    The second factor, which I address here, is that in many African countries, finance ministers have assumed primary responsibility for Eurobond issuance. They engage directly with investment bankers, legal advisors and credit rating agencies.

    In my view they shouldn’t.

    Finance ministers should stay away from debt negotiations because they are political appointees. They operate under incentives tied to electoral cycles, not fiscal sustainability. Their short tenures and desire to fund visible projects often conflict with the long-term nature of sovereign debt obligations.

    They don’t have the necessary expertise to handle the technical complexity required to get the best possible deal, either.

    Simply calling for ministers to step aside would ignore the institutional realities in most African countries. In particular, debt management offices have severe capacity constraints.

    Nevertheless, as global financial conditions tighten and African countries seek to refinance maturing Eurobonds or issue new instruments, the risks of politicised borrowing must be minimised. Ministers should spend their energies on ensuring their debt management offices are well staffed with top quality teams. They should then leave it up to these technical staff to prepare and arrange the financing.

    This would leave room for ministers to manage any disagreements between technical staff and the banks when necessary. And to close the final deal.

    Ministers versus the experts

    Eurobond issuance involves advanced financial engineering – pricing models, investor engagement, covenant structuring and legal compliance across jurisdictions. It takes a deep understanding of capital markets.

    When debt management offices are operating at their best, they are filled with people who have this knowledge. They have a combination of financial market and public policy skills, including debt portfolio management, risk analysis and debt transaction processing.

    In discussions with debt managers at the African Sovereign Debt Conference it’s become clear to me that debt managers are sidelined in the international bond issuance negotiations. They are also sidelined in the execution process, except for administrative support.

    What happens instead is that finance ministers are usually key contacts of the investment bankers. By approaching a minister directly, investment bankers get to close their mandates faster.

    But this minimises due diligence and bypasses internal safeguards. Ministers may not pay attention to complex legal clauses under foreign jurisdictions, details of investor negotiations and fee structures. They may accept unfavourable terms, ignore sustainability assessments and obscure fiscal vulnerabilities in pursuit of political wins and quick disbursements.

    For example, in 2018, Ghana’s then finance minister was internationally lauded for financial stewardship. Ghana was the first African issuer of a longest tenure and a zero-coupon bond. A year later, the country defaulted, suggesting the bond terms weren’t great for the country. The minister nevertheless received several awards as the best and most prudent in Africa.

    There is also the issue of conflicts of interest. When the same actor – in this case the finance minister – proposes, negotiates and approves a debt instrument, the system lacks accountability.

    In many African countries, parliaments, audit institutions and civil society have limited understanding about the technical details of bond agreements. Ministers can easily sideline procurement rules and transparency mechanisms, resulting in non-competitive contracts and opaque fees paid to underwriters and advisors.

    Investment bankers prefer this arrangement as it works in their favour.

    Reforms that are needed

    Before finance ministers can hand over control, debt management offices must be equipped. This requires targeted reforms, including:

    • Capacity building through strategic partnerships: African debt management offices should work with international issuing syndicates and development partners to gain first-hand exposure to structuring, pricing and marketing global bonds.

    • Human capital reforms: Governments must attract and retain highly skilled debt managers by offering competitive pay, professional development opportunities and protection from political interference.

    • Debt management offices must be staffed by dedicated quantitative analysts. They must also be equipped to use real-time market intelligence systems and formal investor relations programmes.

    • Gradual delegation: Authority can be shifted, starting with less complex debt instruments.

    The role of the finance minister must evolve. Ministers should provide strategic leadership: approving borrowing strategies, ensuring alignment with macroeconomic goals, and engaging parliament and the public.

    Their function should shift from operational to institutional oversight and accountability.

    Structural reforms must embed the capacity, autonomy and transparency required for debt management offices to lead effectively.

    In South Africa, for example, the assets and liabilities management division of the National Treasury department manages government’s annual funding programme.

    Professionalising the debt issuance process is not just about avoiding technical mistakes. It’s also about creating resilient institutions that can withstand political turnover. That fosters credibility and long-term access to capital.

    Ministers should remain accountable to the public, and debt management offices must do their work based on technical merit.

    Misheck Mutize is affiliated with the African Union – African Peer Review Mechanism as a Lead Expert on credit ratings

    – ref. African finance ministers shouldn’t be making bond deals: how to hand over the job to experts – https://theconversation.com/african-finance-ministers-shouldnt-be-making-bond-deals-how-to-hand-over-the-job-to-experts-259017

    MIL OSI – Global Reports –

  • Sensex ends lower in volatile session

    Source: Government of India

    Source: Government of India (4)

    The stock markets started the week on a weak note as tensions escalated in the Middle East, after the United States bombed three nuclear facilities in Iran, showing clear support for Israel in the ongoing conflict.

    The development made investors cautious, leading to a fall in benchmark indices on Monday. The Sensex dropped 511.38 points, or 0.62 per cent, to close at 81,896.79. During the intra-day, it moved between a high of 82,169.67 and a low of 81,476.76.

    Similarly, the Nifty also ended in the red. It fell 140.50 points, or 0.56 per cent, to settle at 24,971.90. The index had touched an intra-high of 25,057 and a low of 24,824.85 during the session.

    Interestingly, broader markets performed better than the frontline indices. The Nifty Midcap100 closed with a gain of 0.36 per cent, while the Smallcap100 rose 0.70 per cent.

    Out of the 30 stocks in the Sensex, HCL Tech, Infosys, Larsen and Toubro, Mahindra and Mahindra, Hindustan Unilever, and ITC were the biggest losers, falling between 2.28 per cent and 1.21 per cent.

    On the other hand, Trent, Bharat Electronics, Bajaj Finance, Kotak Mahindra Bank, and Bajaj Finserv were the top gainers, rising between 3.39 per cent and 0.58 per cent.

    The performance of sectoral indices was mixed as Bank Nifty, Auto, FMCG, and Realty ended in the red while metal, consumer durables, pharma, and media sectors managed to close with gains.

    However, the biggest loser was the Nifty IT index, which declined by 1.48 per cent as stocks like Coforge and Persistent Systems pulled the sector down.

    “Last Friday, markets buildup in anticipation of easing Middle East tensions, following the US announcement of a two-week window to deliberate its involvement in the Israel-Iran conflict,” Vinod Nair of Geojit Investments Limited said.

    “However, the unexpected US airstrike on Iran’s nuclear facilities over the weekend disrupted those expectations, triggering a sharp rise in crude oil prices and leading to consolidation in the domestic equity market,” he added.

    The market’s fear gauge, India VIX, which indicates volatility, rose by 2.74 per cent to 14.05 points.

    The Nifty recovered significantly after a gap-down opening amid weak geopolitical sentiment. A pullback in crude oil prices helped the Indian market pare some of its morning losses, although it still ended on a negative note.

    Meanwhile, the rupee traded weak by 0.11 at 86.75 as the dollar index appreciated toward the 99 mark. “Technically, the rupee remains weak below 86, with the next support seen near 87,” said Jateen Trivedi of LKP Securities.

    (IANS)

  • MIL-OSI Russia: “Digital platforms have become a key form of ensuring economic and cultural sovereignty”

    Translation. Region: Russian Federal

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

    © Mikhail Varushchev / Roscongress Foundation

    HSE Academic Director Yaroslav Kuzminov spoke at the SPIEF-2025 session “In Search of New Sources of Growth: Is a Different Model of Global Financial and Trade Architecture Possible?” The discussion was built around processes in the global economy related to the strengthening of multipolarity and the increasing role of new centers of global growth — states of the Global South and East. The participants discussed the potential and possibilities of a new model of international interaction.

    The global economy is often viewed as a dual system consisting of two large blocs, currently led by the United States and China. However, the world is much more complex, noted Yaroslav Kuzminov.

    “The collective West is trying to preserve itself as a single market system with single institutions, offering them to the rest of the world, but its foundation – free trade and unconditional protection of private property – is now being subjected to crushing blows from national and bloc protectionism. On the other hand, China, with all its economic and technological power, cannot act as the leader of the second world, it cannot gather around itself, as the United States did in its time or the Soviet Union did, other countries, because it is not free,” he said.

    The HSE academic director explained that American and Soviet leadership was based on two pillars: basic defense spending and economic preferences for allies. Now, countries are creating their own economies that are resilient to external influences. This implies the development of domestic production and the diversification of export markets. But this is not enough for sustainable economic growth, especially in the context of the global technological revolutions that are currently taking place.

    “The future is very uncertain, it is very difficult to make forecasts. If earlier the source of uncertainty was only future technologies, today it is geopolitical ruptures and geopolitical unions,” noted Yaroslav Kuzminov.

    In his opinion, the key argument for future technological power and future economic power is R

    “The problem of the center and the periphery arises, and this problem can only be solved by an extremely politically complex pooling of resources, pooling the efforts of different countries, which requires a degree of trust and a level of awareness of the common interest that, in my opinion, is simply impossible to achieve now. In these conditions, almost all technological innovations are developed within national frameworks, and this is where the problem of the “golden nail” arises. The “golden nail” is the problem of a deficit in the scale of the market. We can offer any breakthrough things, but if our market is limited to hundreds of millions of people and we compete with companies that have a market of billions of people, we will still have a “golden nail”. Therefore, it is necessary to single out those companies, those technological areas that correspond to the scale of the politically accessible market, and in other cases talk about localizing transnational companies in their sales markets, setting requirements for these companies to operate in national markets. I would call this the internal rooting of transnational companies ready to work with national jurisdictions,” says Yaroslav Kuzminov.

    At the same time, he noted that completely new solutions are not in the sphere of technology, the market is growing not only due to them. First of all, this is logistics: logistics chains have changed, two political zones of rupture have formed between the EU and Russia and in the Middle East. In these conditions, opportunities arise for countries such as Malaysia, Vietnam and India, which act as trade hubs.

    The most important elements of global changes are also related to the human capital of the golden billion countries, the HSE scientific director said. If in the countries of the collective West the share of the middle class is decreasing due to the share of families requiring state support, including migrants, then in the countries of Asia and the South it has grown to a third of the population, in Russia it is also about 35%.

    The middle class is people who can and want to choose, and who have the income and education to do so. The growth of the middle class leads to the formation of political and cultural innovations that act as economic drivers to the same extent as technological solutions. Middle class consumption acts as an economic driver along with heavy technological innovations.

    The second engine is the digital economy, which has received a new lease of life thanks to economically significant digital platforms. “Digital platforms have become a key form of ensuring economic and cultural sovereignty, and countries that underestimate their role will lose strategically,” Yaroslav Kuzminov summed up. The US, China, and Russia have their own platforms and digital ecosystems, he emphasized.

    The Global South is more diverse than the Soviet and Western systems of the past, it includes many regions with different levels of development and has not yet formed structurally, believes Andrey Kostin, President and Chairman of the Management Board of VTB Bank. Despite the fact that today the BRICS countries produce no less than the G7 countries, the entire financial infrastructure is controlled by Western countries and has ceased to be effective due to the fact that the balance of power has changed.

    “Due to the fact that the South is complex in itself, the internal relations are very difficult, we are still moving slowly. We need to create our own alternative center of the Global South and use settlements in national currencies. Sooner or later we will have to come to some denominator, we will have to create our own financial market infrastructure, because the current financial system meets exclusively the interests of the West. There are calculations that the BRICS countries lose about 30 billion a year on settlements through the dollar system. Perhaps the countries would survive this, but the political pressure that is exerted with the help of the dollar is, of course, unacceptable,” he said.

    Deputy Prime Minister of the Russian Federation Alexey Overchuk noted the importance of developing integration in the post-Soviet space. “We strive first and foremost to try to create conditions for reducing the costs of our producers of goods and services here, at home, inside. We started with measures to protect our own market and create a single customs circuit in order to control the market inside, develop relevant technical regulations, standards and reduce barriers as much as possible. And we have largely achieved this: trade within the CIS is developing much faster than trade with countries of the outside world,” he emphasized.

    At the same time, work is actively underway to develop international transport corridors to the markets of the Global South and to conclude agreements on free trade zones in order to provide the most comfortable environment for the promotion of Russian goods.

    The founder of En Group, Chairman of the Supervisory Board of the P.A. Stolypin Institute for Growth Economics Oleg Deripaska believes that the task of doubling the Russian economy over the next 12 years is quite realistic. To do this, it is necessary, among other things, to create competitive production in aviation and transport power engineering. He called on businesses not to wait for the end of geopolitical tensions, but to actively develop now, in the current conditions.

    Russian Finance Minister Anton Siluanov noted that BRICS financiers are currently working in three main areas: the creation of cross-border payment, inter-depository, insurance and reinsurance infrastructure.

    The issue of the need to create a BRICS depository infrastructure was raised by Russia during its presidency of the association. However, this issue is not easily resolved. “We see that many countries are wary of investments, of settlements with our country, but I want to say that the question of how profitable it is, how profitable it is, is always at issue here. The desire to earn money solves any problem,” he explained.

    Anton Siluanov also spoke in favor of joint recognition of rating agencies within the BRICS framework. The head of the Ministry of Finance noted that partners from China are already very actively applying their rating assessments to business, including in Russia.

    In addition, the session was attended by the Minister of Foreign Trade of Qatar Ahmad bin Mohammed Al Sayed, Chairman of the Board of Directors of the African Export-Import Bank Benedict Okey Oramah and President of the Black Sea Trade and Development Bank Serhat Koksal.

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Speech by CE at Greenway 2025 – Accelerating Changes (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

         â€‹Following is the speech by the Chief Executive, Mr John Lee, at Greenway 2025 – Accelerating Changes today (June 23):
     
    Your Excellency Ambassador Harvey Rouse (Ambassador and Head of Office of the European Union to Hong Kong), Mr Iñaki Amate (Chair of the European Chamber of Commerce in Hong Kong), consuls-general, heads of chambers, ladies and gentlemen,
     
         Good afternoon. It is a great pleasure to join you, once again, at the Greenway forum, the fourth edition, this year under the theme of “Accelerating Changes”. And, as before, it’s organised by the European Union Office to Hong Kong and Macao, and the European Chamber of Commerce in Hong Kong.
     
         The European Union (EU) has long been one of Hong Kong’s long-standing business partners. Hong Kong takes pride in being home to 1 640 EU (European Union) companies, which makes the EU the largest foreign business community in Hong Kong. Thank you and welcome indeed.
     
         Alongside business, we come together in so many others areas of mutual interest, from education and cultural exchange to innovation and technology pursuits. And, yes, to the environment – to global warming and all the complexities it entails.
     
         Because climate change affects us all, it must involve us all. Each and every one of us.
     
         The World Meteorological Organization’s latest report, published last month, notes that there is a 70 per cent chance that the five-year average warming, for 2025 to 2029, will exceed 1.5 degrees Celsius. That’s up significantly from the 47 per cent chance forecast in its report last year. So from a 47 per cent chance the forecast jumped to 70 per cent.
     
         Allow me, for the next few minutes, to tell you what Hong Kong is doing to work against the universal threat of climate change, and to achieve climate neutrality.
     
         Since Hong Kong reached its carbon peak, in 2014, our carbon emissions have dropped by about a quarter. In 2023, our per capita carbon emissions were about 4.58 tonnes. To put that in perspective, it is 60 per cent of the EU’s emissions, so we aren’t doing too badly, and only one quarter of that of the United States.
     
         Hong Kong is well on its way to cutting its carbon emissions in half by 2035, achieving carbon neutrality before 2050, which is our stated goal.
     
         Last week, we welcomed the news that Hong Kong is once again one of the world’s top three most-competitive economies. We are dedicated to decarbonising this international financial, shipping and trade centre while keeping up with our competitiveness. And we do that by engineering green transformation through innovation.
     
         Hong Kong’s prowess in financial services places us, favourably, in becoming Asia’s premier hub for green and sustainable finance. With our financing platforms, we could help to mobilise the capital for climate solutions, while ensuring robust integrity within our financial markets.
     
         Last year, the total green and sustainable debts issued in Hong Kong exceeded US$84 billion. And the volume of green and sustainable bonds arranged here amounted to US$43 billion. That places us first in the Asian market for seven years in a row, capturing 45 per cent of the region’s total.
     
         Our regulatory framework is fundamental to creating a sustainable finance ecosystem. The Hong Kong Monetary Authority published the Hong Kong Taxonomy for Sustainable Finance last year, aligning our taxonomy with the two mainstream taxonomies of the Mainland and the European Union. Encompassing economic activities in power generation, transportation, construction, and water and waste management, it will facilitate green finance flows and promote sustainable development.
     
         Like our economy, Hong Kong’s resolve to green transformation goes beyond finance. Consider green transport, a transformation moving into the fast lane on our roads. The adoption of electric vehicles has been remarkable.
     
         Just five years ago, Hong Kong was home to about 14 000 electric vehicles. By the end of last year, that number had surged to about 110 000, that’s seven times more.
     
         Today, seven out of every 10 newly registered private cars in our city are electric. That, ladies and gentlemen, is among the highest growth rates in the world.
     
         Vehicles, of course, are only one part of a complex equation. An extensive and convenient charging network is the backbone of any electric vehicle revolution.
     
         Our strategy is people-centric, recognising that the best place to charge is at home or at the workplace. Through our EV-charging at Home Subsidy Scheme, we expect to see charging infrastructure installed in about 140 000 parking spaces in private residential buildings by the 2027-28 financial year. That will enable a smooth and non-disruptive electric vehicle transition for thousands of households.
     
         As for our world-class public transport system, we have unveiled a clear Green Transformation Roadmap for public buses and taxis.
     
         Through targeted subsidy schemes, that will fast-track the introduction of about 600 electric buses and 3 000 electric taxis. We are managing the transition in an orderly manner, using incentives rather than penalties, to ensure that our green ambitions don’t translate into additional costs for passengers.
     
         Our vision for green mobility goes well beyond the road. As one of the world’s premier aviation hubs, we’re looking to the skies, too, to chart the green way to our transport future.
     
         Sustainable Aviation Fuel, or SAF, is critical to the long-term future of air travel. It’s also essential to ensuring Hong Kong’s continuing leadership in aviation.
     
         SAF has the potential to reduce life-cycle carbon emissions by more than 80 per cent compared to conventional jet fuel. The Hong Kong SAR (Special Administrative Region) Government is working closely with the Airport Authority to set a clear target for SAF consumption.
     
         Globally, SAF supply is limited, and the cost remains high. And we see this as an opportunity for Hong Kong to innovate and lead.
     
         We are exploring a range of supply options, including collaborations with enterprises in the Mainland and internationally. Our goal is to establish a stable and competitive regional supply chain for SAF, taking advantage of our unique position within the Guangdong-Hong Kong-Macao Greater Bay Area. It will accelerate the decarbonisation of our aviation industry and provide greener travel options.
     
         Our green ambitions also extend to the iconic Victoria Harbour, a vital artery for our city. Our Pilot Scheme for Electric Ferries will shape the future of maritime transport.
     
         With a commitment of HK$350 million, the Government is subsidising the construction of new electric ferries and their charging infrastructure, allowing operators to test the new green technology in local waters with full support.
     
         The first two of these pioneering vessels are already navigating Victoria Harbour, following rigorous testing.
     
         Beyond the local waters, we are greening the vast shipping lanes that connect Hong Kong to the world. Hong Kong is already a top 10 port for vessel refuelling.
     
         To build on this, we launched an Action Plan on Green Maritime Fuel Bunkering late last year, with the goal of transforming Hong Kong into a leading international centre for green maritime fuel bunkering.
     
         Industry response has been overwhelmingly positive, with key partners worldwide expressing strong interest in developing the services here. Hong Kong will spearhead the global effort in decarbonising shipping and, in doing so, create new economic opportunities. Something my good friend has already said: “Green actually means business.”
     
         When it comes to environmental connectivity, I’m pleased to note that EU companies play an important role in Hong Kong’s waste management and recycling facilities.
     
         And I look forward to the expertise and support of EU companies in the Northern Metropolis, our new engine for growth dedicated to green living, and the area’s long-term green development.
     
         Ladies and gentlemen, Hong Kong has an iconic skyline. It also holds a treasure of having some 40 per cent of its land pulsing as the city’s green lungs, with country parks breathing life into our metropolis, conservation areas cradling biodiversity little seen in other global financial hubs.
     
         This is Hong Kong’s defining paradox: where business and ecology coexist in symphony. For us, economic dynamism and environmental stewardship aren’t just compatible – they’re dual engines propelling our future. We balance development with sustainability. And we will do all we can to work with other places, the EU very much included, on the green way forward.
     
         I look forward to building strong ties with the EU, to finding solutions to climate change, to creating far-reaching opportunities for us all.
     
         My thanks to the organisers, the European Union Office to Hong Kong and Macao and the European Chamber of Commerce in Hong Kong. I’m grateful, too, to today’s supporting organisations – the Business Environment Council, the Consulate General of Sweden and the Hong Kong General Chamber of Commerce.
     
         I am certain you will enjoy today’s Greenway forum, and I look forward to our continuing, rewarding, co-operation in the years to come. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Vanilla Finance Rebrands to Superp, A Meme-Fueled Perp DEX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) —  Vanilla Finance is entering a new chapter with a new name: Superp. The rebrand comes with a tighter focus. Instead of covering broad derivatives, the project is zeroing in on a high-energy niche that’s picking up steam: perpetuals for meme coins and other on-chain assets that live at the fringes of the mainstream.

    The revamped protocol keeps its edge: high-leverage positions on meme coins, up to 10,000x exposure, and a design that eliminates the risk of liquidation. It’s built for traders who aren’t afraid to bet big on cultural trends and fast-moving markets.

    Why the Name Change?

    The shift from “Vanilla Finance” to “Superp” reflects more than just a name change. The original brand aimed to signal simplicity and accessibility. But the direction has changed. This isn’t about being plain or safe anymore, it’s about building tools for a new kind of trader who thrives in the chaos of crypto culture.

    The new name is punchy, distinct, and fits the tone of the ecosystem it wants to serve. More than that, it gives the project space to grow across different chains, communities, and trading styles, without being tied to a brand that no longer fits its mission.

    A Trio of Products Powering a Unique Trading Stack

    Superp now offers a trio of specialized products, each tailored for a different type of on-chain trader:

    • Meme Perp – Built for newly launched tokens, this lets users long or short meme coins as soon as they hit the market. It uses a Total Return Swap (TRS) model to simulate early exposure without the usual constraints.
    • Alpha Perp – Targets tokens featured in Binance’s Alpha program. Traders can ride the momentum of trending narratives with leveraged exposure.
    • NoLiquid Perp – Designed for blue-chip meme coins, this one replaces the typical liquidation model with a Profit Swap Contract. It gives traders up to 10,000x leverage without the fear of getting wiped out from liquidation.

    Together, these offerings form a trading system tailored to on-chain culture—where memes drive markets and users want access to assets that don’t yet appear on the big-name exchanges.

    Carving Out a Niche in a $365B Market

    The crypto derivatives market is holding steady at around $365 billion in monthly trading volume. Most of that still comes from major tokens, but interest in more exotic assets is growing. Meme coins, in particular, are seeing more structured financial products emerge.

    Superp aims to capture this momentum with a lineup that supports risk-tolerant strategies and overlooked tokens. On-chain data shows BNB Chain recently broke past $9 billion in weekly DEX volume, almost double its 2023 peak. That kind of growth signals renewed interest across DeFi.

    Already deployed on the BNB Chain, Superp is eyeing broader expansion. The Asia-Pacific region is a natural focus given Binance’s reach there. By listing lower-cap and emerging assets, Superp is making room for a new generation of traders underserved by traditional perps platforms.

    What’s Next?

    Perp trading is evolving, and Superp plans to stay ahead of the curve. With the rebrand in place and BNB Chain as a launchpad, the team is now prepping a multichain rollout, with Solana as the next stop. It’s a sign of how perp protocols are shifting to match the demands of a multichain DeFi landscape.

    About Superp

    Superp is the next-generation perpetual DEX tailored for on-chain traders. Formerly known as Vanilla Finance, the platform offers up to 10,000x leverage, zero liquidation risk, and immediate access to any meme token. Built for the bold, Superp is reimagining what is possible in perpetual trading and DeFi.

    Website:https://www.superp.xyz/
    Twitter: @Superp_xyz
    Media Contact: Cameron Michael
    Email: media@superp.xyz

    Disclaimer: This press release is provided by Superp. 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.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/482b7949-0d05-42a2-924f-8129aaaf9373

    The MIL Network –

  • MIL-OSI: BYDFi MoonX Launches Global KOL Recruitment to Accelerate the On-Chain Trading Ecosystems

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 23, 2025 (GLOBE NEWSWIRE) — MoonX, the on-chain MemeCoin trading tool developed by leading crypto exchange BYDFi, today officially launched its Global KOL Recruitment Program. This initiative invites content creators, community leaders, and MemeCoin-savvy influencers to join MoonX as partners in shaping the next phase of Web3 trading.

    Ambassador Program: Growth & Rewards

    MoonX’s Global KOL Recruitment Program offers meme-savvy influencers the opportunity to collaborate with one of Web3’s fastest-growing trading tools. Participants gain access to exclusive creator incentives, including monthly content rewards, support for hosting online events with token prizes, and opportunities to represent MoonX at global industry conferences. Top performers may be invited to join long-term ambassador roles with revenue-sharing or token-based incentives. MoonX also regularly recognizes outstanding creators with additional rewards based on creativity and community impact.

    This program is designed for creators who want to expand their presence in Web3, build professional ties with an emerging DEX-native product, and help shape the next phase of decentralized MemeCoin trading.

    For more details about the program: https://www.bydfi.com/en/activities/detail?id=1142427593824681985

    How Creators Support MoonX’s Mission

    MoonX isn’t just looking for promoters—it’s inviting partners. The campaign welcomes creators who are excited to educate, engage, and empower the MemeCoin trading community. Whether it’s publishing explainers, hosting AMAs, sharing analysis, or spotlighting hidden gems, selected KOLs are expected to help new users discover and navigate MoonX’s advanced trading tools. The goal is to drive community-led growth that brings visibility and credibility to the dynamic landscape of MemeCoin trading.

    MoonX Feature Updates

    To better serve its active trading community, MoonX has recently introduced two advanced features:

    • Bubble Map: A dynamic visual interface that maps trending MemeCoins using real-time data on volume and price action. Tokens appear as bubbles sized and colored by momentum indicators, helping traders quickly identify capital flows and spot breakout assets.
    • Telegram Signal Bot: A multilingual alert system that pushes timely updates on-chain signals, major wallet movements, and new token activity. Users can choose between high-frequency and low-frequency modes to match their trading pace and information needs.

    These new tools provide traders with a quicker and more precise read on the MemeCoin market, enabling them to act with confidence as opportunities emerge. MoonX will continue to add features to help users stay ahead in the fast-paced on-chain arena.

    How MoonX Powers BYDFi’s On-Chain Vision

    MoonX is a critical part of BYDFi’s CEX + DEX dual-engine model. While BYDFi delivers speed and stability through centralized infrastructure, MoonX enhances user access to decentralized trading by offering improved visibility, live trading intelligence, and early discovery of market trends. By analyzing on-chain activity and surfacing token movements directly from DEX liquidity pools, MoonX equips traders with the tools to move faster and respond with clarity and precision.

    As crypto trading matures, the fusion of CEX performance and DEX transparency is no longer optional—it’s essential. We believe the real innovation lies in combining the speed and liquidity of centralized platforms with the transparency and security of on-chain systems, said Michael, Co-founder & CEO of BYDFi. MoonX is built on that principle, helping traders navigate the decentralized market with sharper tools and faster execution.

    With the launch of its KOL recruitment and feature expansion, MoonX is reinforcing its mission: to be the go-to trading tool for MemeCoin hunters, while powering a broader movement toward smarter, community-driven crypto trading.

    About BYDFi

    Founded in 2020, BYDFi now serves a community of 1,000,000+ users across more than 190 countries and regions. Recognized by Forbes as one of the Best Crypto Exchanges & Apps for Beginners of 2025, BYDFi offers a full range of trading services—from spot and perpetual contracts to copy trading, automated bots, and on-chain tools—empowering both new and seasoned traders to explore the digital asset space with confidence.

    BYDFi is committed to providing a world-class crypto trading experience for every user.

    BUIDL Your Dream Finance.

    • Website: https://www.bydfi.com
    • Support email: cs@bydfi.com
    • Business partnerships: bd@bydfi.com
    • Media inquiries: media@bydfi.com

    Twitter( X ) | LinkedIn | Telegram | YouTube | How to Buy on BYDFi

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/28be3023-908e-45ca-8a07-3f630d49d803

    The MIL Network –

  • MIL-OSI Africa: African finance ministers shouldn’t be making bond deals: how to hand over the job to experts

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of most African countries.

    Recent developments, however, show that most of the bonds have not been structured properly. As a result, African countries are paying way over the odds relative to their sovereign risks.

    Based on my bond price modelling expertise, it is my view that there are two major drivers of the mispricing of African government bonds. They are interlinked.

    Firstly, a lack of expertise in debt management offices, whose job it is to negotiate the terms of any debt deals and to oversee their execution. This is a topic I explored in a recent article.

    Read more: African countries are bad at issuing bonds, so debt costs more than it should: what needs to change

    The second factor, which I address here, is that in many African countries, finance ministers have assumed primary responsibility for Eurobond issuance. They engage directly with investment bankers, legal advisors and credit rating agencies.

    In my view they shouldn’t.

    Finance ministers should stay away from debt negotiations because they are political appointees. They operate under incentives tied to electoral cycles, not fiscal sustainability. Their short tenures and desire to fund visible projects often conflict with the long-term nature of sovereign debt obligations.

    They don’t have the necessary expertise to handle the technical complexity required to get the best possible deal, either.

    Simply calling for ministers to step aside would ignore the institutional realities in most African countries. In particular, debt management offices have severe capacity constraints.

    Nevertheless, as global financial conditions tighten and African countries seek to refinance maturing Eurobonds or issue new instruments, the risks of politicised borrowing must be minimised. Ministers should spend their energies on ensuring their debt management offices are well staffed with top quality teams. They should then leave it up to these technical staff to prepare and arrange the financing.

    This would leave room for ministers to manage any disagreements between technical staff and the banks when necessary. And to close the final deal.

    Ministers versus the experts

    Eurobond issuance involves advanced financial engineering – pricing models, investor engagement, covenant structuring and legal compliance across jurisdictions. It takes a deep understanding of capital markets.

    When debt management offices are operating at their best, they are filled with people who have this knowledge. They have a combination of financial market and public policy skills, including debt portfolio management, risk analysis and debt transaction processing.

    In discussions with debt managers at the African Sovereign Debt Conference it’s become clear to me that debt managers are sidelined in the international bond issuance negotiations. They are also sidelined in the execution process, except for administrative support.

    What happens instead is that finance ministers are usually key contacts of the investment bankers. By approaching a minister directly, investment bankers get to close their mandates faster.

    But this minimises due diligence and bypasses internal safeguards. Ministers may not pay attention to complex legal clauses under foreign jurisdictions, details of investor negotiations and fee structures. They may accept unfavourable terms, ignore sustainability assessments and obscure fiscal vulnerabilities in pursuit of political wins and quick disbursements.

    For example, in 2018, Ghana’s then finance minister was internationally lauded for financial stewardship. Ghana was the first African issuer of a longest tenure and a zero-coupon bond. A year later, the country defaulted, suggesting the bond terms weren’t great for the country. The minister nevertheless received several awards as the best and most prudent in Africa.

    There is also the issue of conflicts of interest. When the same actor – in this case the finance minister – proposes, negotiates and approves a debt instrument, the system lacks accountability.

    In many African countries, parliaments, audit institutions and civil society have limited understanding about the technical details of bond agreements. Ministers can easily sideline procurement rules and transparency mechanisms, resulting in non-competitive contracts and opaque fees paid to underwriters and advisors.

    Investment bankers prefer this arrangement as it works in their favour.

    Reforms that are needed

    Before finance ministers can hand over control, debt management offices must be equipped. This requires targeted reforms, including:

    • Capacity building through strategic partnerships: African debt management offices should work with international issuing syndicates and development partners to gain first-hand exposure to structuring, pricing and marketing global bonds.

    • Human capital reforms: Governments must attract and retain highly skilled debt managers by offering competitive pay, professional development opportunities and protection from political interference.

    • Debt management offices must be staffed by dedicated quantitative analysts. They must also be equipped to use real-time market intelligence systems and formal investor relations programmes.

    • Gradual delegation: Authority can be shifted, starting with less complex debt instruments.

    The role of the finance minister must evolve. Ministers should provide strategic leadership: approving borrowing strategies, ensuring alignment with macroeconomic goals, and engaging parliament and the public.

    Their function should shift from operational to institutional oversight and accountability.

    Structural reforms must embed the capacity, autonomy and transparency required for debt management offices to lead effectively.

    In South Africa, for example, the assets and liabilities management division of the National Treasury department manages government’s annual funding programme.

    Professionalising the debt issuance process is not just about avoiding technical mistakes. It’s also about creating resilient institutions that can withstand political turnover. That fosters credibility and long-term access to capital.

    Ministers should remain accountable to the public, and debt management offices must do their work based on technical merit.

    – African finance ministers shouldn’t be making bond deals: how to hand over the job to experts
    – https://theconversation.com/african-finance-ministers-shouldnt-be-making-bond-deals-how-to-hand-over-the-job-to-experts-259017

    MIL OSI Africa –

  • MIL-OSI United Kingdom: £380 million boost for creative industries to help drive innovation, regional growth and investment

    Source: United Kingdom – Executive Government & Departments

    Press release

    £380 million boost for creative industries to help drive innovation, regional growth and investment

    Thousands of creative professionals and businesses across the UK are set to benefit from a new £380 million investment package as part of the Creative Industries Sector Plan.

    • £380 million in targeted funding to support innovation, access to finance, R&D, skills and regional growth across the UK as part of Creative Industries Sector Plan

    • Sector Plan set to nearly double business investment in creative industries to £31 billion by 2035 with 2,000 new film and TV apprenticeships to be delivered

    • Comes as part of Industrial Strategy which sets out government’s ten-year plan to make the UK the best place to do business and unlock growth as part of the Plan for Change

    • New Creative Content Exchange will be a marketplace to sell, buy, license and enable permitted access to digitised cultural and creative assets

    From grassroots music venues to world-class film studios, thousands of creative professionals and businesses across the UK are set to benefit from a new £380 million investment package.

    The investment underpins the Creative Industries Sector Plan, which sets out a clear direction on how the Government aims to build a sector that drives regional growth, is financially resilient and is globally competitive.

    Published alongside the Government’s Industrial Strategy today (23 June), the plan outlines a bold vision to nearly double business investment in the sector by 2035 – from £17 billion to £31 billion – cementing the UK’s position as a global creative superpower.

    The £380 million package is part of the wider plan to deliver targeted investment to create thousands of new jobs and opportunities in sub-sectors like film and TV, music, performing and visual arts, video games and advertising, while generating economic growth in six regions outside London over the next three years.

    The wider plan also includes a significant increase in support available from the British Business Bank (BBB), as part of its £4 billion Industrial Strategy Growth Capital, which will help creative businesses grow and create jobs.

    The Sector Plan aims to make the UK the best place globally to invest in creativity and drive innovation and tech adoption by 2035, with targeted support for:

    • A £150 million Creative Places Growth Fund for six regions outside London, empowering local Mayors to support creative businesses in their communities with access to finance, mentoring and networking opportunities to help them connect with investors and skills programmes. 
    • At least £50 million for a new wave of Creative Industries Clusters across the UK to accelerate research and development, doubling investment from UK Research and Innovation (UKRI) in clusters to £100 million. Clusters bring together universities, businesses, local and regional policymakers, and private funders to drive research, innovation and growth in the creative industries.
    • £25 million for five new innovative UKRI CoSTAR R&D labs and two showcase spaces, which will develop cutting-edge technologies like those used in Abba Voyage and award-winning theatre productions such as last year’s Olivier Award-winning stage adaptation of The Picture of Dorian Gray.

    Building on the Government’s commitment to ensure a robust copyright regime and support UK IP, the plan includes the establishment of a Creative Content Exchange. It will act as a trusted marketplace for selling, buying, licensing and enabling permitted access to digitised cultural and creative assets, opening up new revenue streams for content owners.

    The industry plan responds directly to what the sector has said it needs – better access to finance, stronger skills pipelines, and support for innovation – and lays out a roadmap to deliver it.

    This includes upskilling the next generation of creative talent through a £10 million investment in the National Film and Television School (NFTS) which will help to train 2,000 new trainees and apprentices over the next decade – backed by industry giants such as the Walt Disney Company, the Dana and Albert R. Broccoli Foundation, and Sky.

    The investment will also go towards a new £9 million creative careers service, which will help raise awareness of opportunities and provide pathways into the sector for young people. 

    The UK’s leading creative industries, recognised across the world, are a major driver of economic growth as part of the Plan for Change – driving in £124 billion a year to our economy and employing 2.4 million people across the UK. Over the last decade the sector has increased its output more than one and a half times faster than the rest of the economy.                  

    Culture Secretary Lisa Nandy said:

    Our creative industries are powerful economic drivers in this country. By placing them at the heart of our Industrial Strategy this Sector Plan, backed by £380 million of investment, will boost regional growth, stimulate private investment, and create thousands more high-quality jobs.

    This Sector Plan will help nearly double business investment to £31 billion by 2035, supporting our mission to raise living standards everywhere as part of our Plan for Change, ensuring the UK remains the world’s creative powerhouse.

     Business and Trade Secretary Jonathan Reynolds said:

    The UK’s creative industries are world-leading and have a huge cultural impact globally, which is why we’re championing them at home and abroad as a key growth sector in our Modern Industrial Strategy.

    We’ve seen the power of investment, with this Government welcoming around £100 billion into the UK since taking office, and our Strategy will not only ensure that the UK is the best country to invest and do business in, but deliver economic growth that puts more money in people’s pockets.

    Sir Peter Bazalgette, Co-Chair, Creative Industries Council, said: 

    This ambitious plan for growth represents a coming of age for the creative sector. Crucially the plans for R&D funding and Access to Finance for SMEs are exciting step changes.

    Baroness Shriti Vadera, co-chair of the Creative Industries Council, said: 

    This strategy recognises that the UK Creative Industries are one of the most innovative sectors in the UK economy and have a strong comparative advantage internationally. The work now begins to cement their role as a driver of growth and a global creative super power.

    The investment also includes tailored packages for high-growth sub-sectors through:

    • A £75 million Screen Growth Package supporting UK content development and international investment, and showcasing the best of UK and international film. This includes an enlarged UK Global Screen Fund and scaled-up BFI Film Academy to support 16–25 year olds from underrepresented backgrounds to enter the film industry.
    • A Music Growth Package worth up to £30 million, helping emerging artists break through at home and abroad. Measures will create new touring, performance, mentoring and export opportunities for emerging talent, while also delivering a significant uplift in funding for the grassroots sector to support small venues and help them to platform more high-potential artists.
    • A £30 million Video Games Growth Package, backing the next generation of start-up games studios and developers. This will drive inward investment in the sector through expansion of the UK Games Fund (UKGF) as well as new support for the London Games Festival.

    The Sector Plan also includes support for emerging fashion designers through the British Fashion Council’s NEWGEN programme, to help them showcase their work at London Fashion Week and secure business mentoring.

    The Creative Industries Sector Plan maps out in detail how the Government will support the sector to grow even further over the next decade through a focus on boosting regional growth, innovation, access to finance, skills and exports.

    It will also see the Department for Business and Trade ramp up the number of creative trade missions and markets it targets, such as in the Asia-Pacific. Funding will be increased for major creative trade shows such as SXSW and Cannes Lions.

    The Sector Plan was developed in partnership with the Creative Industries Taskforce, Creative Industries Council, businesses, devolved governments, and regional stakeholders. It builds on the recent £270 million Arts Everywhere Fund supporting cultural venues across the nation.

    ENDS

    Notes to editors:

    • The full Creative Industries Sector Plan can be found here.
    • The British Business Bank (BBB) is a state-owned economic development bank established by the UK Government. Its aim is to increase the supply of credit to small and medium-sized businesses and provide business advice services.
    • The BBB has significantly increased its support for the creative industries as part of its £4 billion Industrial Strategy Growth Capital, including through support with debt and equity finance. 
    • The new £150 million Creative Places Growth Fund will be devolved to six Mayoral Strategic Authorities: West Midlands, West of England, West Yorkshire, the North East, Liverpool City Region and Greater Manchester. 
    • CoSTAR labs and the Creative Industries Clusters are delivered by the UKRI Arts and Humanities Research Council.
    • The new Music Growth Package worth up to £30 million follows the Government advocating for an industry-led levy on stadium and arena tickets to support grassroots music. 
    • The establishment of a Creative Content Exchange will act as a trusted marketplace for selling, buying, licensing and enabling permitted access to digitised cultural and creative assets. This new marketplace will open up new revenue streams and allow content owners to commercialise and financialise their assets while providing data users with ease of access.
    • The Sector Plan follows the Government’s recent announcement of more than £270 million that will be invested in arts venues, museums, libraries and heritage buildings as part of the Arts Everywhere Fund, to help organisations in need of support to stay up and running, carry out vital infrastructure work and improve their financial resilience.

    Further quotes

    Caroline Norbury, Chief Executive, Creative UK, said:

    The Sector Plan signals that the creative industries are central to the UK’s growth story. From freelancers to scale-ups, this is a step towards the joined-up support our sector needs – and Creative UK stands ready to work with government and industry partners to turn ambition into action. 

    As we move into delivery mode, it’s essential that all parts of the sector – from cultural organisations to creative tech firms – are empowered to grow, invest and contribute fully to the UK’s economic future.

    Ben Roberts, Chief Executive, BFI, said:

    We welcome the Government’s decision to put the creative industries at the centre of its growth strategy. The UK’s screen sector is already a global leader, generating billions for the economy and pioneering new ideas. 

    With a firm focus on developing the sector across the UK, this investment can unlock fresh opportunities – from growing the sector’s talent pool and strengthening creative clusters nationwide, to opening new international markets for UK screen businesses and advancing creative technology innovation, including the CoSTAR work which the BFI is proud to be a partner on.

    UK Music Chief Executive Tom Kiehl said:

    UK Music welcomes the Government’s creative industries sector plan and the important status that it gives to music. The plan rightly recognises our world-beating £7.6 billion music sector as an essential high growth driving part of the creative industries.

    It is hugely welcome that funding packages and programmes are being made available to turbocharge the music industry and we are incredibly excited at the opportunity to be working with the Government to deliver on this.

    Barbara Broccoli, EON Productions, said:

    I’m thrilled the Government is joining forces with the National Film and Television School as part of its Industrial Strategy. The NFTS is a world-class institution that has trained some of the most talented members of our industry and I’m especially pleased this investment will focus on much needed support for persons with disabilities.

    Cecile Frot-Coutaz, CEO, Sky Studios and Chief Content Officer, Sky, said:

    Sky is proud to support the National Film and Television School’s expansion plans and growth ambitions, as part of the Government’s Industrial Strategy. As one of the world’s leading institutions for film, television and games, the NFTS plays a vital role in developing the UK’s creative talent. Our investment underscores our commitment to skills development and sector growth, and we’re excited to see future generations benefit from the school’s outstanding work.

    Jon Wardle, Director, National Film and Television School, said:

    The real world impact of the Sector Plan in action will be felt through the NFTS’s expanded ability to train world-class, diverse talent and fuel growth in a sector where the UK is a global leader. In a challenging climate for the creative industries, the support from the government isn’t just welcome, it’s strategic.  This investment in the NFTS reinforces a commitment to skills, innovation, and the long-term future of the creative economy.

    Wayne Garvie, President International Production, Sony Pictures Television, said:

    The NFTS is an unparalleled training ground for British creativity and it’s wonderful that the Government both recognises the importance of the film and television sector in its Industrial Strategy and the role the NFTS plays in developing the next generation of great British creative talent.

    Darren Henley, Chief Executive, Arts Council England, said:

    Ambition, excellence and innovation are the golden threads that run through the work of our artists, musicians, dancers, actors, writers, directors and producers. It’s what we’re famous for here at home and on the international stage. This new plan highlights the breadth and brilliance of our nation’s creative professionals and cultural organisations. It provides a roadmap for supercharging the growth of our sector and for nurturing the next generation of British talent, creating jobs across the country and delighting audiences here and around the globe.

    Andrew Georgiou, President & Managing Director for Warner Bros. Discovery UK & Ireland and Warner Bros. Discovery Sports Europe, said:

    We welcome this announcement confirming the government’s commitment to invest £375 million to turbocharge the UK’s creative industries. Their mission to drive growth across the country, unlocking new jobs and enabling talent to thrive in every nation and region, strongly resonates with Warner Bros. Discovery. 

    We have a proud UK heritage – present for over 90 years, with a significant employee base which extends North to South across 5 cities. The UK is our biggest base outside of the US and, in our view, one of the best places in the world to do business. We remain committed to the UK and our ambition to grow and strengthen our sector and welcome the government’s announcement to do this. We look forward to a continued and productive relationship between Government and the industry.” 

    Alison Lomax, Managing Director for YouTube UK & Ireland, said: 

    We welcome the Creative Industries Sector Plan’s commitment to a robust framework for creatives across the UK. It’s particularly encouraging to see the government acknowledge the digital creator economy’s vital role in driving growth for our creative industries. By embracing new distribution models that boost our cultural exports, this vision will solidify the UK’s position as a global cultural superpower.

    Nick Poole OBE, Chief Executive, Ukie, said:

    On behalf of the UK’s world-leading video game and interactive entertainment sector, we welcome the measures set out today by the Government to supercharge our Creative Industries as part of the Industrial Strategy. Today’s announcement is both a validation of the huge cultural and economic impact of video games and an opportunity to show the world we are open for business.” 

    Stephen Woodford, CEO, Advertising Association, said:

    Our industry welcomes the recognition of advertising as a priority sector for growth in the Creative Industries Sector Plan – we are a world leader in creativity as proven by our successful performance once again at Cannes Lions this year. 

    This strategy is a platform for growth for the next decade across our regions and nations. We welcome the incentives to attract new talent to join our industry, and we commit to working together to strengthen work that helps businesses innovate, compete in the UK and internationally, and create jobs.

    Professor Christopher Smith, UKRI Creative Industries Champion, and Executive Chair of the UKRI Arts and Humanities Research Council, said:

    The creative industries are a powerful engine for growth in the UK economy but they are also vital for scientific advance. This Spending Review commits UKRI to a coherent and concerted strategic investment, from the UK’s national capability for the creative industries, CoSTAR, to the Creative Industries Clusters Programme and beyond.

    The deep synergies between creative content and the most cutting-edge science in universities and R&D intensive businesses across the UK place creative industries at the heart of UKRI’s commitment to excellent science for a growing economy.

    Professor Hasan Bakhshi MBE, Director of the Creative Industries Policy and Evidence Centre and Professor of Economics of the Creative Industries at Newcastle University, said:

    Today’s new Sector Plan for the creative industries sets out the Government’s priorities for the next 10 years, and the Creative PEC – thanks to our funder, the AHRC – stands ready to provide policymakers and industry with the data and evidence they need to enact it. 

    The commitment to increase public investment in creative industries R&D is especially important, alongside the prioritisation of the sector by the British Business Bank. Also welcome is HMRC’s clarification that arts activities that directly contribute to scientific advance by resolving scientific or technological uncertainties fall within the definition of R&D for R&D tax reliefs. Together these measures should have a catalytic effect in driving more private finance into the sector.

    Mel Sullivan, Chief Executive, Framestore, said:

    The UK is home to highly skilled and exceptionally creative artists, technologists, and thinkers who push the boundaries of what’s possible. The Creative Industries Sector Plan is a powerful show of support to those working in visual effects, film, TV, advertising, and immersive experiences. It will release unlocked potential and open doors to a new wave of talent across the country, giving them the confidence to build their skills, ideas, and innovations here, cementing the UK’s position as a global leader for years to come.

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: LegCo to consider Trade Unions (Amendment) Bill 2025

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Legislative Council Secretariat:

         The Legislative Council (LegCo) will hold a meeting on Wednesday (June 25) at 11am in the Chamber of the LegCo Complex. During the meeting, the Second Reading debate on the Trade Unions (Amendment) Bill 2025 will resume. If the Bill is supported by Members and receives its Second Reading, it will stand committed to the committee of the whole Council. After the committee of the whole Council has completed consideration of the Bill and its report is adopted by the Council, the Bill will be set down for the Third Reading.

         The Second Reading debate on the Post Secondary Colleges (Amendment) Bill 2025 will also resume. If the Bill is supported by Members and receives its Second Reading, it will stand committed to the committee of the whole Council. After the committee of the whole Council has completed consideration of the Bill and its report is adopted by the Council, the Bill will be set down for the Third Reading.

         On Members’ motions, Mr Ma Fung-kwok will move a motion on “Keeping pace with the times and updating cultural policy”. The motion is set out in Appendix 1. Mr Dennis Leung and Mr Erik Yim will move separate amendments to Mr Ma’s motion.

         Mr Holden Chow will move a motion on “Addressing the excessive use of Internet and electronic screen products by children and adolescents”. The motion is set out in Appendix 2. Dr Johnny Ng, Mr Luk Chung-hung and Mr Chan Kin-por will move separate amendments to Mr Chow’s motion.

         During the meeting, Mr Chan Chun-ying will present the “Finance Committee Report on the examination of the Estimates of Expenditure 2025-2026” and address the Council.

         Members will also ask the Government 22 questions on various policy areas, six of which require oral replies.

         The agenda of the above meeting can be obtained via the LegCo Website (www.legco.gov.hk). Members of the public can watch or listen to the meeting via the “Webcast” system on the LegCo Website. To observe the proceedings of the meeting at the LegCo Complex, members of the public may call 3919 3399 during office hours to reserve seats.

    MIL OSI Asia Pacific News –

  • MIL-OSI: eQ Plc Jouko Pölönen to start as CEO of eQ Plc on 1 September 2025

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc Stock Exchange Release
    23 June 2025 at 1:30 p.m.

    eQ Plc announced on 5 May 2025, that the company’s Board of Directors has appointed Jouko Pölönen as the company’s CEO. Today, it has been agreed that Jouko Pölönen will assume the role of eQ Plc’s CEO on 1 September 2025. He succeeds eQ Plc’s interim CEO Janne Larma, who will continue as interim CEO until 31 August 2025. For the sake of clarity, we confirm that Janne Larma will continue as a member of the company’s Board of Directors after the transition.

    eQ Plc

    Additional information: Juha Surve, Group General Counsel, tel. +358 9 6817 8733

    Distribution: Nasdaq Helsinki, www.eQ.fi

    eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 13.6 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.

    More information about the Group is available on our website at www.eQ.fi.

    The MIL Network –

  • MIL-OSI: eQ Plc Jouko Pölönen to start as CEO of eQ Plc on 1 September 2025

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc Stock Exchange Release
    23 June 2025 at 1:30 p.m.

    eQ Plc announced on 5 May 2025, that the company’s Board of Directors has appointed Jouko Pölönen as the company’s CEO. Today, it has been agreed that Jouko Pölönen will assume the role of eQ Plc’s CEO on 1 September 2025. He succeeds eQ Plc’s interim CEO Janne Larma, who will continue as interim CEO until 31 August 2025. For the sake of clarity, we confirm that Janne Larma will continue as a member of the company’s Board of Directors after the transition.

    eQ Plc

    Additional information: Juha Surve, Group General Counsel, tel. +358 9 6817 8733

    Distribution: Nasdaq Helsinki, www.eQ.fi

    eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 13.6 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.

    More information about the Group is available on our website at www.eQ.fi.

    The MIL Network –

  • MIL-OSI: Given Almost $75 Million in Executed Preferred Stock Purchase Agreements, Hyperscale Data Does Not Currently Intend to Raise Additional Equity

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 23, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it does not currently intend to pursue additional equity offerings, given that it has entered into existing financing agreements whereby it expects to raise up to an additional $68 million in preferred investments. These agreements, if completed in their entirety, would significantly bolster the Company’s capital position.

    To date, Ault & Company, Inc., a private holding company controlled by the Company’s Founder and Executive Chairman, Milton “Todd” Ault III, has invested almost $51 million in Hyperscale Data through multiple tranches of preferred stock, and has agreed to invest up to an additional $24 million pursuant to the December 2024 securities purchase agreement providing for the purchase of up to $25 million shares of Series G convertible preferred stock and associated warrants.

    Additionally, the Company recently entered into a separate securities purchase agreement with an institutional investor to sell up to $50 million of Series B convertible preferred stock (the “Series B Preferred”). The agreement provides for multiple tranche closings, offering the potential of ongoing access to capital aligned with the Company’s operational progress. To date, $5.7 million of Series B Preferred has been purchased under this agreement.

    “With up to an additional $68 million in preferred equity commitments, we do not anticipate the need to raise additional equity in the next six months,” said Will Horne, CEO of Hyperscale Data. “This funding supports our strategy to expand the Michigan data center and drive long-term value creation as we evolve into a pure-play artificial intelligence (“AI”) and digital infrastructure platform.”

    In February 2025, the Company announced that its indirect, wholly owned subsidiary Alliance Cloud Services, LLC (“ACS”) had reached an agreement in principle with its primary local utility to expand the Michigan facility’s available power from approximately 30 megawatts (“MW”) to 300 MW. The completion of this power upgrade is anticipated to take 44 months from execution of a formal letter of authorization between ACS and the utility, which is currently being negotiated.   In addition, the Company also announced that ACS has reached an agreement in principle with the local natural gas utility to provide an additional 40 MW. The project is expected to be completed within 18 months of the execution of definitive agreements. Combined, this expansion would bring the total expected power capacity of the data center to approximately 340 MW, positioning Hyperscale Data to host large-scale AI and high-performance computing (“HPC”) workloads.

    The Company intends to complete its previously announced separation from Ault Capital Group, Inc. (“ACG”) by the end of 2025. Following the separation, Hyperscale Data will operate as an independent, publicly traded infrastructure company focused on AI and digital asset compute solutions.

    While the Company currently believes that its existing preferred equity commitments will be sufficient to support its near term capital needs, future developments, including changes in market conditions, operational requirements, inability to reverse or reduce operating losses, decisions to make additional capital expenditures or strategic opportunities, may result in the need to raise additional capital sooner than anticipated. In addition, the Company currently anticipates financing a significant amount of the development of the Michigan facility through non-dilutive debt financing. There can be no assurance that additional financing will be available on favorable terms, or at all.  

    The completion of the power upgrades is subject to a number of risks and uncertainties, one or more which could result in the project being curtailed, delayed or terminated, including, but not limited to: failure to agree upon terms and execute definitive agreements; the inability of the Company or ACS to raise sufficient funds to pay for the power upgrades; failure to obtain regulatory consents and approvals; the inability to obtain sufficient easements, rights-of-way and land rights necessary to the work to be performed, and other presently unforeseen events or conditions.

    This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale or such assets or securities would be unlawful under the laws of any such state or other jurisdiction.

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

    About Hyperscale Data, Inc.

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

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

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

    Forward-Looking Statements

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

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

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

    The MIL Network –

  • MIL-OSI: Stay Ahead of the Curve: Instant Market Moves from MCGlobalHub

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 23, 2025 (GLOBE NEWSWIRE) — MCGlobalHub, a financial company, has launched a new feature that gives users real-time updates on market changes. The goal is to help users react faster when prices move in markets like stocks, commodities, indices, and cryptocurrencies.

    The update is available to all users and works on both desktop and mobile. It sends instant alerts about major price changes and important market events. No extra tools are needed. Users can stay updated without switching between platforms.

    Helping Traders React Faster

    This new feature was built after hearing from traders who said they often miss fast market changes. They wanted quicker updates so they could act right away when prices move.

    “People kept telling us they needed to see changes the moment they happened,” said a company spokesperson. “We get it, when you’re trading, seconds matter. This tool gives you that quick heads-up when something shifts.”

    The alerts are based on real-time data. They don’t give trading advice or predictions. Instead, they show what’s happening in the market so users can decide what to do.

    Traders can choose which assets they want to track. They can also set how often they get alerts or how big a price change needs to be before they are notified. This makes the feature flexible for different trading styles.

    Built for Simplicity

    MCGlobalHub says the feature is meant to be simple and useful. Instead of adding more complex tools or charts, the company focused on keeping it easy to use.

    “When markets are unstable, traders don’t have time to dig through reports,” the spokesperson added. “Sometimes you just need to know something moved. Then you can decide what’s next. We wanted to make that part easier.”

    The new alerts won’t change any current user settings. Users can turn the alerts on or off at any time. Messages will appear on the trading platform and on mobile devices so users don’t miss anything, even if they’re not at their desks.

    Why Instant Alerts Matter Today

    In today’s fast-moving markets, even small delays can lead to missed chances or unexpected losses. That’s why many traders are asking for tools that show what’s happening as it happens.

    “Markets move fast, and if you’re not watching every second, you can fall behind,” said the spokesperson. “This feature just helps people stay in the loop without needing to stare at the screen all day.”

    MCGlobalHub says the alerts will cover all the major instruments it offers. This includes currency pairs, stocks, commodities like oil and gold, stock indices, and digital assets like Bitcoin. The company plans to improve the feature based on how users interact with it.

    Looking Forward

    MCGlobalHub plans to keep improving its platform based on what users need. The new instant alerts are part of a wider plan to give users better tools without making things too complex. The company says it will listen to feedback to see what works and where to improve. Users are encouraged to try the new feature and adjust settings to fit their trading habits.

    About MCGlobalHub

    MCGlobalHub is a multi-asset access provider offering a range of trading instruments, including Forex, commodities, equities, indices, and cryptocurrencies. The company provides a web-based trading platform accessible on desktop and mobile devices, with standard functionality and security measures, including encryption and account verification. MCGlobalHub prioritizes fast trade execution, offers various deposit and withdrawal methods, and provides customer support through multiple channels.

    Media details:
    Name: Charles Simpson
    Email: Charles.Simpson@MCglobalHub.com
    Website: www.MCglobalHub.com

    Disclaimer: This press release is provided by MCGlobalHub. 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.

    The MIL Network –

  • MIL-OSI: Portfolio Manager and Noted Macro and Market Analyst Bob Elliott Launches Substack Newsletter

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) — Bob Elliott, former member of the Investment Committee at Bridgewater Associates and the CEO/CIO of alternative investment firm Unlimited, today announced the launch of Nonconsensus, a new economic and investing newsletter published on Substack. The publication will provide global market insights, economic trend analysis, and portfolio strategy commentary aimed at a wide range of investors including retail traders, financial advisors and institutional professionals.

    Nonconsensus builds on Bob’s well-established presence on X (formerly Twitter), offering deeper insights and expanded analysis. Subscribers will receive a variety of content, including exclusive threads, real-time market commentary, early access to thought leadership, and access to an engaged community of fellow investors—including Bob. A free tier will also be available, offering readers a weekly roundup of Bob’s analysis and select real-time content with guidance on navigating challenging macro environments.

    The newsletter will cover global macroeconomic trends—from central bank policies to market movements—translating complex developments into actionable insight, mirroring Unlimited’s mission of making traditionally elusive alts strategies available to all investors.

    “Since beginning to share my writing publicly a few years ago, I’ve been humbled by how many people have found clarity in my thoughts and engaged so meaningfully,” said Mr. Elliott. “With Nonconsensus, I hope to foster a dynamic and intellectually curious community of investors committed to demystifying the markets.”

    Investors and readers can subscribe to Nonconsensus at https://substack.com/@bobeunlimited.

    Media Contacts:

    Sarah Lazarus Zach Kouwe
    Dukas Linden Public Relations Dukas Linden Public Relations
    +1 617-335-7823 +1 551-655-4032
    sarah@dlpr.com zkouwe@dlpr.com

    The MIL Network –

  • MIL-OSI: Cycle Savvy: St Mary Capital Reveals Tools for Timing Market Peaks and Lows

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 23, 2025 (GLOBE NEWSWIRE) — St Mary Capital, a global investment firm, has launched new tools to help investors spot when markets may be hitting a peak or nearing a low. The new options are already activated on the investment platform of the company and will assist the users in comprehending market timing in a better manner.

    Visual charts and basic indicators that show patterns across assets like stocks, commodities, indices, and cryptocurrencies are among these tools. They are meant to provide an investor with a better understanding of what is going on in the markets without a significant understanding of technicalities.

    “Many consumers told us that they were completely overwhelmed while trying to time their buys and sells,” a company spokesperson explained. “And we realized that some things have to change. So, we designed tools specifically to make understanding the market feel less like a massive puzzle and more like something you can actually grasp. We want everyone to feel much more secure.”

    The tools aim to give users signals based on price movements and past patterns. Although they are not future-predictive, they are supposed to help users through the times when they do not know where an asset could be in its cycle, either when it is high, low, or somewhere in the middle.

    Making Market Timing Less Confusing

    Market moves can be hard to understand, especially when headlines and emotions cloud decisions. St Mary Capital said the tools were made for traders who want a clearer way to see what’s going on—without relying too much on guesswork.

    Heatmaps, basic trend lines, and warnings that indicate potential turning points are some of the new features. These tools are applicable to all main asset classes and are updated in real-time.

    St Mary Capital said the tools work on their own or alongside other platform features like watchlists, price alerts, and charting views. Users can customize their dashboard based on what they trade and how often.

    Responding to a Growing Need for Clarity

    The demand for easy-to-understand tools has increased as more people begin trading independently. A lot of individual investors have been requesting methods to create better choices without seeking outside assistance.

    “We kept getting feedback from users saying, ‘Can’t we have something more interactive? This market feels really intimidating” the spokesperson added. “That pushed us to create these tools. It just felt like the right thing to do.”

    The company said the tools were tested during different market conditions and across different asset types. The goal was to create something reliable and easy to follow, especially for people who don’t have a background in trading.

    Staying Realistic About Market Movements

    St Mary Capital has made it clear that these tools are meant to support, not replace—personal research. The company emphasized that a tool could not assure anything or make a prediction of market moves.

    Depending on how well the tools work in real markets, the business intends to collect user input and adjust them as necessary. The objective is to continuously enhance the platform by using actual user experiences.

    About St Mary Capital

    St Mary Capital is a global investment company offering access to a diverse range of financial instruments, including cryptocurrencies, equities, indices, and commodities. Known for its data-driven approach and personalized account management, St Mary Capital empowers clients with tools, insights, and support to navigate today’s complex financial landscape. With a strong focus on transparency and regulatory alignment, the company continues to be a trusted resource for modern investors worldwide.

    Media Contact:
    Name: Benjamin Rothwell
    Email: office@stmarycapital.com
    Website: https://stmarycapital.com/

    Disclaimer: This press release is provided by St Mary Capital. 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.

    The MIL Network –

  • MIL-OSI: Cycle Savvy: St Mary Capital Reveals Tools for Timing Market Peaks and Lows

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 23, 2025 (GLOBE NEWSWIRE) — St Mary Capital, a global investment firm, has launched new tools to help investors spot when markets may be hitting a peak or nearing a low. The new options are already activated on the investment platform of the company and will assist the users in comprehending market timing in a better manner.

    Visual charts and basic indicators that show patterns across assets like stocks, commodities, indices, and cryptocurrencies are among these tools. They are meant to provide an investor with a better understanding of what is going on in the markets without a significant understanding of technicalities.

    “Many consumers told us that they were completely overwhelmed while trying to time their buys and sells,” a company spokesperson explained. “And we realized that some things have to change. So, we designed tools specifically to make understanding the market feel less like a massive puzzle and more like something you can actually grasp. We want everyone to feel much more secure.”

    The tools aim to give users signals based on price movements and past patterns. Although they are not future-predictive, they are supposed to help users through the times when they do not know where an asset could be in its cycle, either when it is high, low, or somewhere in the middle.

    Making Market Timing Less Confusing

    Market moves can be hard to understand, especially when headlines and emotions cloud decisions. St Mary Capital said the tools were made for traders who want a clearer way to see what’s going on—without relying too much on guesswork.

    Heatmaps, basic trend lines, and warnings that indicate potential turning points are some of the new features. These tools are applicable to all main asset classes and are updated in real-time.

    St Mary Capital said the tools work on their own or alongside other platform features like watchlists, price alerts, and charting views. Users can customize their dashboard based on what they trade and how often.

    Responding to a Growing Need for Clarity

    The demand for easy-to-understand tools has increased as more people begin trading independently. A lot of individual investors have been requesting methods to create better choices without seeking outside assistance.

    “We kept getting feedback from users saying, ‘Can’t we have something more interactive? This market feels really intimidating” the spokesperson added. “That pushed us to create these tools. It just felt like the right thing to do.”

    The company said the tools were tested during different market conditions and across different asset types. The goal was to create something reliable and easy to follow, especially for people who don’t have a background in trading.

    Staying Realistic About Market Movements

    St Mary Capital has made it clear that these tools are meant to support, not replace—personal research. The company emphasized that a tool could not assure anything or make a prediction of market moves.

    Depending on how well the tools work in real markets, the business intends to collect user input and adjust them as necessary. The objective is to continuously enhance the platform by using actual user experiences.

    About St Mary Capital

    St Mary Capital is a global investment company offering access to a diverse range of financial instruments, including cryptocurrencies, equities, indices, and commodities. Known for its data-driven approach and personalized account management, St Mary Capital empowers clients with tools, insights, and support to navigate today’s complex financial landscape. With a strong focus on transparency and regulatory alignment, the company continues to be a trusted resource for modern investors worldwide.

    Media Contact:
    Name: Benjamin Rothwell
    Email: office@stmarycapital.com
    Website: https://stmarycapital.com/

    Disclaimer: This press release is provided by St Mary Capital. 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.

    The MIL Network –

  • MIL-OSI Africa: Call for nominations of board members of SAIDS

    Source: South Africa News Agency

    The Minister of Sport, Arts and Culture, Gayton Mckenzie, has called for nominations for independent, suitably qualified persons with knowledge of anti-doping in sport for appointment as board members of the South African Institute for Drug-free Sport (SAIDS).

    Nominees should be in possession of a relevant degree or equivalent qualifications and more than five years of professional experience in any of the following fields: law, sports medicine, sport management, sport science or law enforcement.

    Nominees should also demonstrate knowledge of corporate governance and familiarity with the King IV and the Public Finance Management Act (PFMA); understand policy implementation; familiarity with anti-doping issues and trends; strong ethical values and principles and professional respect and recognition by peers in their occupational field.

    The Department of Sport, Arts and Culture has encouraged applications from women, youth, and persons with disabilities in line with the government’s commitment to promoting diversity and inclusion.

    “The term of office for the Board is for a period of five years, commencing from the date of appointment in 2025 until 2030. The remuneration will be made in accordance with Treasury guidelines for public entities,” the department said on Monday.

    Anyone wishing to nominate persons to serve as members of South African Institute for Drug-Free Sport should submit the following:

    • A letter containing full names, address and telephone numbers of the nominee, giving reasons for nomination;
    • Recently updated Curriculum Vitae of the nominee, including three contactable references;
    • A brief statement signed by the nominee explaining his/her suitability for appointment.
    • Copies of qualifications and ID document.

    Nominations are to reach the Acting Director-General of the Department of Sport, Arts and Culture by closing date of 6 July 2025 via e-mail to: BoardNominations.SAIDS@dsac.gov.za.

    No nomination will be considered unless all the above are included. Correspondence will only be entered into with shortlisted candidates.

    If you have not been contacted withing three months of the closing date of this advertisement, please accept that your application was unsuccessful.

    Enquiries can be directed to Mr Kgaogelo Phasha on 066 301 4653 or via email at Kgaogelop@dsac.gov.za.

    Further information can be obtained from the SA Institute for Drug-Free Sport’s website www.drugfreesport.org.za. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Powering Britain’s Future

    Source: United Kingdom – Executive Government & Departments

    Press release

    Powering Britain’s Future

    Electricity costs for businesses – including potentially hundreds in Scotland – to be slashed as Industrial Strategy launched to unlock investment and new jobs

    More than 7,000 British businesses are set to see their electricity bills slashed by up to 25% from 2027, as the Government unveils its bold new Industrial Strategy today [Monday 23 June].

    The modern Industrial Strategy sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business by tackling two of the biggest barriers facing UK industry – high electricity prices and long waits for grid connections.

    British manufacturers currently pay some of the highest electricity prices in the developed world while businesses looking to expand or modernise have faced delays when it comes to connecting to the grid.

    For too long these challenges have held back growth and made it harder for British firms to compete. Today’s announcement marks a decisive shift — with government stepping in to support industry and unlock the UK’s economic potential.

    From 2027, the new British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour for over 7,000 electricity-intensive businesses in manufacturing sectors like automotive, aerospace and chemicals. Hundreds of Scottish businesses could be in line to benefit.

    These firms, which support over 300,000 skilled jobs, will be exempt from paying levies such as the Renewables Obligation, Feed-in Tariffs and the Capacity Market — helping level the playing field and make them more internationally competitive. Eligibility and further details on the exemptions will be determined following consultation, which will be launched shortly.

    The government is also increasing support for the most energy-intensive firms — like steel, chemicals, and glass — by covering more of the electricity network charges they normally have to pay through the British Industry Supercharger. These businesses currently get a 60% discount on those charges, but from 2026, that will increase to 90%. This means their electricity bills will go down, helping them stay competitive, protect jobs, and invest in the future.

    This will help around 500 eligible businesses in sectors such as steel, ceramics and glass reduce their costs and protect jobs in industries that are the backbone of our economy and will be delivered at no additional cost to the taxpayer. The support for steel manufacturing is crucial as it’s a critical enabling industry for Scotland’s world leading defence and renewable energy sectors.

    These reforms complement the government’s long-term mission for clean power, which is the only way to bring down bills for good by ending the UK’s dependency on volatile fossil fuel markets.

    To ensure businesses can grow and hire without delay, the government will also deliver a new Connections Accelerator Service to streamline grid access for major investment projects — including prioritising those that create high-quality jobs and deliver significant economic benefits.

    We will work closely with the energy sector, local authorities, Scottish and Welsh Governments, trade unions, and industry to design this service, which we expect to begin operating at the end of 2025. New powers in the Planning and Infrastructure Bill, currently before parliament, could also allow the Government to reserve grid capacity for strategically important projects, cutting waiting times and unlocking growth in key sectors.

    The Industrial Strategy is a 10-year plan to promote business investment and growth and make it quicker, easier and cheaper to do business in the UK, giving businesses the confidence to invest and create 1.1 million good, well-paid jobs in thriving industries – delivering on this government’s Plan for Change.

    Prime Minister Keir Starmer said:

    This Industrial Strategy marks a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.

    In an era of global economic instability, it delivers the long term certainty and direction British businesses need to invest, innovate and create good jobs that put more money in people’s pockets as part of the Plan for Change.

    This is how we power Britain’s future – by backing the sectors where we lead, removing the barriers that hold us back, and setting out a clear path to build a stronger economy that works for working people. Our message is clear – Britain is back and open for business.

    Scottish Secretary Ian Murray today visited a new industrial development in East Lothian, on the site of a former coal-fired power station. The redevelopment site is partly funded by an £11 million UK Government investment, and includes the construction of a new interconnecter to take power from the Inchcape offshore wind farm to the National Grid. 

    Also joint Department for Business and Trade/HM Treasury Minister for Investment, Baroness Poppy Gustafsson, will meet senior figures from Dundee’s life sciences and tech, gaming, and creative sectors later. 

    Speaking ahead of his visit Mr Murray said:

    Scotland is rightly at the heart of the UK Government’s Industrial Strategy with our businesses and expertise integral to further creating jobs and economic growth through the eight sectors identified.

    Advanced manufacturing, clean energy, creative Industries, defence, digital and technologies, financial services, life sciences and professional and business services, Scotland excels at them all. But we have the potential to go much further. And by slashing electricity costs for Scottish businesses, increasing business investment and cutting red tape the UK Government is helping turbocharge the economy, create jobs and put more money in the pockets of working Scots as part of our Plan for Change.

    We have a proud industrial heritage and with this new comprehensive 10 year strategy Scotland and the wider UK has an exciting future.

    Chancellor of the Exchequer Rachel Reeves said:

    The UK has some of the most innovative businesses in the world and our Plan for Change has provided them with the stability they need to grow and for more to be created.

    Today’s Industrial Strategy builds on that progress with a ten-year plan to slash barriers to investment. It’ll see billions of pounds for investment and cutting-edge tech, ease energy costs, and upskill the nation. It will ensure the industries that make Britain great can thrive. It will boost our economy and create jobs that put more money in people’s pockets.

    Business and Trade Secretary Jonathan Reynolds said:

    We’ve said from day one Britain is back in business under this government, and the £100 billion of investment we’ve secured in the past year shows our Plan for Change is already delivering for working people.

    Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, delivering economic growth that puts more money in people’s pockets and pays for our NHS, schools and military.

    Not only does this Strategy prioritise investment to attract billions for new business sites, cutting-edge research, and better transport links, it will also make our industrial electricity prices more competitive.

    Tackling energy costs and fixing skills has been the single biggest ask of us from businesses and the greatest challenge they’ve faced – this government has listened, and now we’re taking the bold action needed. Government and business working hand in hand to make working people better off is what this Government promised and what we will deliver.

    Energy Secretary Ed Miliband said:

    For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.

    As part of our modern industrial strategy we’re unlocking the potential of British industry by slashing industrial electricity prices in key sectors.

    We’re also doubling down on our clean power strengths with increased investment in growth industries from offshore wind to nuclear. This will deliver on our clean power mission and Plan for Change to bring down bills for households and businesses for good.

    The Supercharger and British Industrial Competitiveness Scheme will be funded through reforms to the energy system. The government is reducing costs within the system to free up funding without raising household bills or taxes and intends to also use additional funds from the strengthening of UK carbon pricing, including as a result of linking with the EU carbon market.

    We have set out an intention to link emissions trading systems, as part of our new agreement with the European Union to support British businesses. Without an agreement to do this, British industry would have to pay the EU’s carbon tax.

    We intend to link our carbon pricing system with the EU’s, we will ensure that money stays in the UK—which allows us to support British companies and British jobs through these schemes.

    Building on the Spending Review and the recently announced 10-Year Infrastructure Strategy, the Industrial Strategy is the latest step forward in our plans to deliver national renewal. It will include targeted support for the areas of the country and economy that have the greatest potential to grow, while introducing reforms that will make it easier for all businesses to get ahead.

    The Strategy’s bold plan of action includes:

    • Slash electricity costs by up to 25% from 2027 for electricity-intensive manufacturers in our growth sectors and foundational industries in their supply chain, bringing costs more closely in line with other major economies in Europe.

    • Unlocking billions in finance for innovative business, especially for SMEs by increasing British Business Bank financial capacity to £25.6 billion, crowding in tens of billions of pounds more in private capital. This includes an additional £4bn for Industrial Strategy Sectors, crowding in billions more in private capital. By investing largely through venture funds, the BBB will back the UK’s most high-growth potential companies.

    • Reducing regulatory burdens by cutting the administrative costs of regulation for business by 25% and reduce the number of regulators. 

    • Supporting 5,500 more SMEs to adopt new technology through the Made Smarter programme while centralising government support in one place through the Business Growth Service.

    • Boosting R&D spending to £22.6bn per year by 2029-30 to drive innovation across the IS-8, with more than £2bn for AI over the Spending Review, and £2.8bn for advanced manufacturing over the next ten years. This will leverage in billions more from private investors. Regulatory changes will further clear the path for fast-growing industries and innovative products such as biotechnology, AI, and autonomous vehicles.

    • Attracting elite global talent to our key sectors, via visa and migration reforms and the new Global Talent Taskforce.

    • Deepening economic and industrial collaboration with our partners, building on our Industrial Strategy Partnership with Japan and recent deals with the US, India, and the EU.

    • Revolutionising public procurement and reducing barriers for new entrants and SMEs to bolster domestic competitiveness.

    • Supporting the UK’s city regions and clusters by increasing the supply of investible sites through a new £600m Strategic Sites Accelerator, at six locations to be chosen across the UK, enhanced regional support from the Office for Investment, National Wealth Fund, and British Business Bank, and more, including  with the Scottish Government to support the Edinburgh-Glasgow Central Belt.

    • Strengthening existing “Industrial Strategy Zones” – in Scotland these are the Forth Green Freeport, Cromarty Firth Green Freeport, Glasgow City Region and the North East Scotland Investment Zones – with an enhanced offer of streamlined planning, better-targeted investment promotion, support for accessing concessionary finance and coordinated support on skills.

    • Delivering AI Growth Zones to attract investment in AI infrastructure in strategic locations across the UK, including Scotland, with support for planning, access to energy, and partnerships with the private sector.

    • Growing high-potential innovation ecosystems through the Local Innovation Partnerships Fund, with at least £30m for Scotland, building on UK-wide public R&D investment and Innovate UK’s joint action plans with devolved governments.

    • Identifying and securing the right financing for investment projects in Scotland with the National Wealth Fund, working with the Scottish National Investment Bank.  

    • Using a British Business Bank Cluster Champion in Glasgow City Region, with deep expertise and local knowledge, to coordinate investment-readiness programmes, strengthen financial networks, and connect high-potential firms to investors.

    The plan focuses on 8 sectors where the UK is already strong and there’s potential for faster growth: Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services. Each growth sector has a bespoke 10-year plan that will attract investment, enable growth and create high-quality, well-paid jobs.

    Dame Clare Barclay DBE, Chair of the Industrial Strategy Advisory Council and President of Enterprise & Industry EMEA at Microsoft said:

    I welcome today’s Industrial Strategy, which sets out a clear plan to back the UK’s growth driving sectors. It is particularly positive to see the strong focus on skills in areas such as engineering, technology and defence. Commitments such as £187 million for the TechFirst programme will ensure the UK has the skills it needs to support our growth industries and seize transformative opportunities like AI.

    Rain Newton-Smith, Chief Executive, CBI said:

    Today’s Industrial Strategy announcement is a significant leap forward in the partnership between government and business that sets us on the path to our shared goal of raising living standards across the country.  

    It sends an unambiguous, positive signal about the nation’s global calling card as well as the direction of travel for the wider economy for the next decade and beyond.

    The CBI has long been advocating for a comprehensive industrial strategy, based on the UK’s USP – the sectors and markets where we can compete to win on the global stage.

    More competitive energy prices, fast-tracked planning decisions and backing innovation will provide a bedrock for growth. But the global race to attract investment will require a laser-like and unwavering focus on the UK’s overall competitiveness. 

    Today marks the beginning of delivering this strategy in close partnership, at pace, and with a shared purpose. 

    Stephen Phipson CBE, CEO at Make UK said:

    British industry has been in desperate need for a government who understands our sector and had the strategic vision for a plan for growth. Today’s Industrial Strategy is a giant and much needed step forward taken by the Secretary of State who has seen the potential and provided the keys to help unlock it.

    Make UK has led the campaign for a new industrial strategy for many years, highlighting the three major challenges that were diminishing our competitiveness, hampering growth and frustrating productivity gains: a skills crisis, crippling energy costs and, an inability to access capital for new British innovators.

    The strategy announced today sets out plans to address all three of these structural failings. Clearly there is much to do as we move towards implementation but, this will send a message across the Country and around the world that Britain is back in business.

    Tufan Erginbilgic, Rolls-Royce CEO, said:

    The UK Government’s Industrial Strategy commitment to support our world-leading aerospace and nuclear industries shows long-term strategic foresight. Rolls-Royce’s highly differentiated technologies in gas turbines and nuclear capabilities- including SMRs and AMRs- are uniquely placed to deliver economic growth, skilled jobs and attract investment into the UK.

    Mike Hawes OBE, SMMT Chief Executive said:

    The publication of an Industrial Strategy – one with automotive at its heart – is the policy framework the sector has long-sought and Government has now addressed. Such a strategy – long-term, aligned to a trade strategy and supported by all of Government – is the basis on which the UK automotive sector can regain its global competitiveness. Making the UK the best place to invest now depends on implementation, and implementation at pace, because investment decisions are being made now against a backdrop of fierce competition and geopolitical uncertainty. The number one priority must be addressing the UK’s high cost of energy, enabling the sector to invest in the technologies, the products and the people that will give the UK its competitive edge. 

    Five sector plans have been published today:

    • Advanced Manufacturing – Backing our Advanced Manufacturing sector with up to £4.3 billion in funding, including up to £2.8 billion in R&D over the next five years, with the aim of anchoring supply chains in the UK – from increasing vehicle production to 1.35 million, to leading the next generation of technologies for zero emission flight. Glasgow is a global force in advanced manufacturing –  home to the Advanced Manufacturing Innovation District and globally competitive universities, the city region has strengths across defence, space and quantum. Edinburgh houses the National Robotarium at Heriot-Watt University and the Roslin Institute, which is a leading Agri-Tech research centre. 

    • Clean Energy Industries – Doubling investment in Clean Energy Industries by 2035, with Aberdeen-headquartered Great British Energy helping to build the clean power revolution in Britain with a further £700 million in clean energy supply chains, taking the total funding for the Great British Energy Supply Chain fund to £1 billion. We are supporting Scottish clean energy industries with £200 million development funding to advance the Acorn Carbon Capture and Storage project, capitalising on expertise in the oil and gas sector around Aberdeen. Up to £185 million has been allocated to Scotland through the Clean Industry Bonus, unlocking up to £3.5 billion private sector investment in ports and high-tech components needed to build floating and fixed offshore wind farms. Aberdeen is a global energy capital boasting new investment in hydrogen, with its pioneering Energy Transition Zone repositioning the North East as a globally integrated energy cluster.  A new regional skills pilot for Aberdeen will also help ensure a strong local skills base to deliver these opportunities.

    • Creative Industries – Maximizing the value of our Creative Industries through a £380 million boost for film and TV, video games, advertising and marketing, music and visual and performing arts will improve access to finance for scale-ups and increase R&D, skills and exports. It includes a £30 million Games Growth Package to back the next generation of UK video games studios – a sector in which Scotland is world leading. Glasgow, Edinburgh and Dundee are centres for creative industries. The Edinburgh Festivals incubate creative talent, whilst Edinburgh Futures Institute drives innovation.

    • Digital and Technologies – Making the UK the European leader for creating and scaling Digital and Technology businesses, with more than £2 billion to drive the AI Action Plan, including a new Sovereign AI Programme, £187 million for training one million young people in tech skills and targeting R&D investment at frontier technologies such as quantum technologies in Scotland. Scotland is home to two of the UK’s five new Quantum Hubs, with involvement in all five. Ten of the top 30 global semiconductor companies have operations in Scotland. Scotland is also home to cutting edge AI research network and R&D infrastructure – Edinburgh Genome Biofoundry and Industrial Biotechnology Innovation Centre. An up to £750m investment in the UK’s largest supercomputer at the University of Edinburgh sets a marker for our ambition for further growth in digital & technologies.

    • Professional and Business Services – Ensuring our Professional and Business Services becomes the world’s most trusted adviser to global industry, revolutionising the sector across the world through adoption of UK-grown AI and working to secure mutual recognition of professional qualifications agreements overseas. Scotland’s financial services sector, second only to London, features a cutting-edge Fintech scene. Over 25% of Glasgow’s top tech firms are in financial & business services, attracting major firms such as Azets and RSM. This is anchored by a highly capable workforce, supported by a world-class skills ecosystem and universities.
       

    The Industrial Strategy will be published on GOV.UK later today.

    The Defence, Financial Services and Life Sciences sector plans will be published shortly.

    The 7,000 businesses are an indicative estimate of how many businesses could be in scope of the scheme. The full scope and eligibility of the scheme will be determined following consultation.

    Updates to this page

    Published 23 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: FLNG Gimi reaches Commercial Operations Date and Golar progresses FLNG growth

    Source: GlobeNewswire (MIL-OSI)

    Golar LNG Limited (“Golar”) is pleased to announce that FLNG Gimi has reached the Commercial Operations Date (“COD”) for its 20-year Lease and Operate Agreement for the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. The COD triggers the start of the 20-year Lease and Operate Agreement that unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog (Golar’s share).

    The COD milestone marks a major achievement for one of Africa’s deepest offshore developments which introduce Mauritania and Senegal as LNG exporters. We look forward to continuing working together with the GTA operator bp and its partners Kosmos, PETROSEN and SMH as well as Mauritanian and Senegalese authorities to deliver safe and reliable operations and to create value to all stakeholders.

    Following the achieved COD of FLNG Gimi and announcement of the two FLNG charters in Argentina on May 2, 2025, Golar is accelerating work on its next FLNG unit(s). We continue to advance commercial discussions, with charterer demand guiding design choice of the fourth FLNG unit. In addition to the 3.5mtpa MKII option at CIMC Raffles shipyard, Golar has signed a final engineering study to confirm EPC price and delivery for a 5mtpa MKIII FLNG and is updating price and schedule for an up to 2.7mtpa MKI FLNG.

    FORWARD LOOKING STATEMENTS
    This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “subject to” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

    These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

    Hamilton, Bermuda
    June 23, 2025

    Investor Questions: +44 207 063 7900
    Karl Fredrik Staubo – CEO
    Eduardo Maranhão – CFO
    Stuart Buchanan – Head of Investor Relations

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network –

  • MIL-OSI: Correction(sequence # amended): Danske Bank share buy-back programme: transactions in week 25

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 30 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    23 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 25

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 25:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 6,905,843 229.2970 1,583,489,270
    16 June 2025 49,441 260.3803 12,873,462
    17 June 2025 50,000 257.7752 12,888,760
    18 June 2025 88,832 256.1210 22,751,741
    19 June 2025 101,760 254.5391 25,901,899
    20 June 2025 54,462 255.6107 13,921,070
    Total accumulated over week 25 344,495 256.4244 88,336,932
    Total accumulated during the share buyback programme 7,250,338 230.5860 1,671,826,202

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.868% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Deputy President concludes working visit to Russia

    Source: South Africa News Agency

    Deputy President concludes working visit to Russia

    Deputy President Paul Mashatile has returned to South Africa after successfully concluding a working visit to Russia, which included engagements in Moscow and St. Petersburg, said the Presidency on Monday.

    His activities were focused on strengthening the bilateral trade and economic relations between South Africa and Russia.
    Deputy President Mashatile arrived in Moscow on Tuesday, 17 June 2025. 

    He was welcomed by Russia’s Deputy Head of State Protocol Andrei Milyaev, Deputy Director of the African Department Andrei Stotlarov, and Deputy Minister of International Relations and Cooperation Alvin Botes. 

    The visit began in earnest with the Deputy President laying wreaths at the Mausoleum of Moses Kotane and J.B. Marks, located in the Novodevichy Cemetery, a United Nations Heritage Site in Moscow.

    Kotane and Marks were anti-apartheid activists who played pivotal roles in the South African Communist Party and the African National Congress. 

    Initially buried for years in Moscow, their remains were subsequently returned by the South African Government and reburied in the North West in 2015.

    In Moscow, Deputy President Mashatile met with Prime Minister Mikhail Mishustin at the Russian House of the Government. 
    They discussed opportunities for enhancing bilateral political and economic cooperation between South Africa and Russia.
    The dialogue focused on various areas for further collaboration, including trade and investment, minerals and energy, agriculture, health, and education.

    Deputy President Mashatile travelled to St. Petersburg State University, where he delivered a public lecture on the theme “South Africa’s G20 Presidency in a Rapidly Changing Geopolitical Environment.” 

    The audience for the lecture included faculty professors, students, members of the academic community, as well as media representatives and members of the diplomatic corps.

    READ | Deputy President calls for solidarity as global landscape changes

    In St. Petersburg, the Deputy President visited President Vladimir Putin at the Constantine Palace, where they held bilateral meetings with the Russian delegation, which included Foreign Minister Sergey Lavrov.

    The Deputy President expressed gratitude, on behalf of President Cyril Ramaphosa and the citizens, for Russia’s support in the anti-apartheid struggle and its contributions to socio-economic emancipation beyond the achievement of freedom and democracy.

    “I have been tasked by the President to work tirelessly towards the translation of the strong foundation of our strategic relations into higher trade and economic ties for the mutual benefit of our countries and our people,” said the Deputy President.

    He delivered remarks during the plenary session of the St. Petersburg International Economic Forum (SPIEF’25), following President Putin’s address. 

    READ | SA supports the inclusion of more voices at SPIEF 

    In addition, the Deputy President spoke at the South African Trade and Investment Seminar at SPIEF’25, which was attended by business and government leaders from both Russia and South Africa.

    “We are pleased to note that through regular Parliamentary exchanges and engagements, we have been able to address common challenges, explore new opportunities for collaboration, and deepen our friendship,” he said.

    The Deputy President also met with the Chairman of the State Duma, Vyacheslav Volodin. 

    The Deputy President expressed his appreciation for the ongoing collaboration between the State Duma and South Africa throughout the years. 

    He emphasised the significance of parliamentary diplomacy as a means to enhance government initiatives, promote dialogue, and facilitate progress in trade and other sectors.

    He concluded his trip with a guided tour and site visit to the Port of St. Petersburg, where he met with the port’s leadership and workers.
    This site visit followed discussions by officials from Russia and South Africa during the 18th Session of the Intergovernmental Committee on Trade and Economic Cooperation (ITEC). 

    During these talks, the two countries finalised their cooperation in the maritime sector and agreed to collaborate with participants from the logistics industry and port authorities of both nations to ensure the mutually beneficial use of port infrastructure.

    Deputy President Mashatile also had the opportunity to sit down with two major Russian television news networks, Russia Today and Sputnik Africa, where he reflected on some important insights from his working visit. 

    Key takeaways included a strong emphasis on enhancing economic cooperation in various sectors such as agriculture, automotive, energy, mining, and collaboration in science and technology. – SAnews.gov.za

    Gabisile

    MIL OSI Africa –

  • MIL-OSI USA: Governor Newsom announces appointments 6.20.25

    Source: US State of California 2

    Jun 20, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Soon-Sik Lee, of Bellevue, Washington, has been appointed Chief of Planning and Engineering at the California High Speed Rail Authority. Lee has been a Vice President – Senior Program Manager at AECOM since 2021. He was Director of Engineering at Etihad Rail from 2020 to 2021. Lee was a Principal Investment Operations Specialist at Asian Infrastructure Investment Bank from 2016 to 2020. He was the Engineering and Construction Director at Etihad Rail from 2011 to 2016. Lee was an Assistant Vice President – Project Manager at Union Railway 2009 to 2011. He was a Project Manager at Parsons from 2006 to 2008. Lee was a Senior Bridge Engineer URS 2002 to 2006. He held multiple positions at University of Michigan from 1999 to 2002, including Post Doctoral Research Fellow and Research Assistant. Lee was a Structural Engineer at Won-Jong Engineering from 1996 to 1997. He earned a Doctor of Philosophy degree in Civil Engineering from University of Michigan, Ann Arbor, a Master of Business Administration degree from University of Chicago, a Master of Science degree in Civil Engineering from University of Michigan, Ann Arbor, and a Bachelor of Science degree in Civil Engineering from Kyung Hee University. This position does not require Senate confirmation, and the compensation is $280,008. Lee is registered without party preference. 

    Lilian Coral, of San Marino, has been appointed to the California Community Colleges Board of Governors. Coral has been Vice President of Technology and Democracy Programs and Head of the Open Technology Institute at New America and an Adjunct Instructor at the University of Southern California since 2022. She was Director of National Strategy and Technology Innovation at the Knight Foundation from 2017 to 2022. Coral was Chief Data Officer at the Office of Los Angeles Mayor Eric Garcetti from 2015 to 2017. She was a Nonprofit Consultant and Principal at Adaptive Muse from 2008 to 2015. Coral was Founding Director of 2-1-1 California from 2010 to 2014. She was Policy Manager at the Los Angeles County Children’s Planning Council from 2007 to 2008. Coral was a Research and Policy Associate at Service Employees International Union, Local 721 from 2004 to 2007. She is a Board Member at Next City. She earned a Master of Public Policy degree from University of California, Los Angeles and a Bachelor of Arts degree in International Studies from University of California, Irvine. This position requires Senate confirmation, and the compensation is $100 per diem. Coral is a Democrat. 

    Carson Fajardo, of Rancho Cucamonga, has been appointed to the California State University Board of Trustees. Fajardo held several roles at California State University, San Bernardino from 2022 to 2025, including President and Chief Executive Officer and Member of the Board of Directors at Associated Students, Inc., and Programming Coordinator at the Residence Halls Association. He earned a Bachelor of Arts degree in Business Administration from California State University, San Bernardino. This position does not require Senate confirmation, and the compensation is $100 per diem. Fajardo is a Republican. 

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