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Category: Finance

  • Markets bounce back after early slump, end slightly lower

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets recovered sharply from early losses on Monday, displaying resilience despite global headwinds. Both benchmark indices ended the session marginally lower.
     
    The Sensex closed at 81,374, down by 77 points or 0.09 per cent, after rebounding 719 points from the day’s low of 80,654. Similarly, the Nifty settled at 24,717, slipping 34 points or 0.14 per cent, recovering from an intraday low of 24,526.
     
    Investor sentiment was initially dampened by the announcement from US President Donald Trump regarding a steep hike in tariffs on steel imports, increasing from 25 per cent to 50 per cent, effective June 4.
     
    Adding to the cautious mood were rising geopolitical tensions between Russia and Ukraine, volatile foreign investment flows, and uncertainty ahead of the Reserve Bank of India’s monetary policy decision later this week.
     
    Despite a weak opening, select heavyweight buying limited the downside. Notable gainers included Adani Ports, Mahindra & Mahindra, Zomato (Eternal), PowerGrid, Hindustan Unilever, Bajaj Finserv, ITC, ICICI Bank, Asian Paints, and Nestle India, which rose between 0.4 per cent and 2 per cent.
     
    In the broader market, the Nifty MidCap and Nifty SmallCap indices outperformed, rising 0.62 per cent and 1.1 per cent, respectively.
     
    Sector-wise, Nifty IT and Nifty Metal indices were the biggest laggards, falling 0.7 per cent on concerns over US tariff hikes. In contrast, Nifty Realty and Nifty PSU Bank indices led the gains, each advancing over 2 per cent.
     
    “The domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions,” said Vinod Nair, Head of Research at Geojit Financial Services.
     
    “While global uncertainties have made investors more risk-averse, the Indian market has shown resilience, supported by strong institutional inflows and sectoral strength in FMCG, real estate, and financials,” he added.
     
    Nair noted that investors are currently adopting a cautious short-term strategy, favouring domestically-driven and interest-sensitive sectors.
     
    –IANS
    June 3, 2025

  • MIL-OSI USA: Office of the Governor — News Release — Gov. Green Signs Bills to Advance Educational and Developmental Success for Keiki

    Source: US State of Hawaii

    Office of the Governor — News Release — Gov. Green Signs Bills to Advance Educational and Developmental Success for Keiki

    Posted on May 30, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI 
    KA MOKU ʻĀINA O HAWAIʻI 
     
    JOSH GREEN, M.D. 
    GOVERNOR
    KE KIAʻĀINA 

     
    GOVERNOR GREEN SIGNS FIVE BILLS TO ADVANCE EDUCATIONAL AND DEVELOPMENTAL SUCCESS FOR KEIKI

    FOR IMMEDIATE RELEASE
    May 30, 2025

    HONOLULU — Governor Josh Green, M.D., today signed five bills strengthening access to educational opportunities and supporting student success both in the classroom and beyond.

    “This group of bills represents our state’s active commitment to finding real solutions and protecting the fundamental right every keiki has to quality education,” stated Governor Green. “Thanks to the critical work of educators and students alike, as well as countless community advocates, our state is poised to reduce childhood food insecurity and increase access to academic and extracurricular educational opportunities.”

    The newly enacted bills include the following:

    SB 1300: EXPANDING ACCESS TO FREE SCHOOL MEALS

    Beginning with the 2025-26 school year, Senate Bill 1300 expands access to free school meals for students who qualify for reduced-price meals under the National School Lunch Program. To further support ‘ohana classified as ALICE (Asset Limited, Income Constrained, Employed), SB 1300 will expand again in the 2026-27 school year, providing free school meals to any public school student whose family income is below 300% of the federal poverty level. The bill appropriates more than $3.3 million to the Department of Education over the two school years to cover the cost of free meals.

    “Investing in our keiki is an investment in our future,” said Governor Green. “Food insecurity in our state is a serious issue, affecting one in three households. Signing Senate Bill 1300 will help ease the burden on our Hawai‘i ʻohana and improve the lives of keiki across the islands.”

    Senate Bill 1300 aims to improve educational outcomes by ensuring every child in Hawai‘i has access to the consistent nutrition they need to succeed in school. In addition to providing free school meals to eligible students, SB 1300 prohibits an academic institution from denying a student a school meal due to an inability to pay.

    “Senate Bill 1300 removes the financial barrier to accessing school meals, supporting students’ health and well-being, as well as their academic and developmental success said First Lady Jaime Kanani Green. “If students aren’t hungry, they can better focus on their studies, extracurricular activities and personal growth.”

    “Students should come to class hungry for knowledge, not hungry for food,” Governor Green concluded.

    Senate Vice President Michelle Kidani, Education Committee chair, was lead introducer of the bill. “Too many students face hunger in silence and it impacts their ability to learn. By expanding access to free school meals, this bill helps ensure all our keiki have the nourishment they need to succeed. I’m grateful to Governor Green for signing it into law and to all who worked to make it happen,” said Kidani (District 18, Mililani Town, Waipi‘o Gentry, Crestview, Waikele, portion of Waipahu, Village Park, Royal Kunia).

    “Ensuring that our keiki have access to nutritious school meals supports their well-being and success both in and beyond the classroom. At the same time, we are easing the burden on Hawai‘i’s working families, and this is a win for our community,” said House Committee on Education Chair, Justin H. Woodson (District 9, Kahului, Pu‘unēnē, portion of Wailuku.

    HB 862: ADDRESSING SCHOOL BUS SHORTAGES

    Due to a nationwide bus driver shortage, a number of school bus routes were suspended during the 2024–2025 academic school year. To reverse these suspensions and ensure transportation is not a barrier to education, Governor Green issued an emergency proclamation in August 2024, authorizing, among other provisions, the use of alternative vehicles to transport students to and from school. House Bill 862 codifies into statute this authorization and requires Department of Education staff to accompany students between drop-off and pick-up locations to ensure student safety. Using alternative vehicles such as small buses, motorcoaches and vans to transport students, will help maintain existing bus routes, supporting students’ continued access to a quality education.

    “Hawai‘i continues to face a school bus crisis, and we’ve heard from countless parents, families and educators about the urgent need to expand transportation options, while keeping safety front and center,” said House Committee on Education Vice Chair Trish La Chica (District 37, Portions of Mililani Town, Mililani Mauka, Koa Ridge, Waipi‘o Gentry). “This new law paves the way for our students to thrive, by expanding the department’s options to secure reliable transportation and ensuring that transportation barriers don’t stand in the way of our keiki and their opportunities to succeed.”

    HB 133: FUNDING FOR INTERSCHOLASTIC SURFING PROGRAMS

    Due to its deep cultural, social, and economic significance in Hawaiʻi, the Board of Education approved surfing for interscholastic competition in 2016. Since then, only one of the five local athletic leagues has sponsored a surfing program, leaving the majority of the state’s students without competitive surfing opportunities. House Bill 133 appropriates $685,870 for both fiscal year 2026 and fiscal year 2027 to support the establishment of interscholastic surfing programs. These programs will provide students the opportunity to gain competitive experience and further pursue the sport they love.

    “Hawai‘i is the birthplace of surfing, and that’s something we should take great pride in. By recognizing surfing as an interscholastic sport, we are expanding access in Hawai‘i schools — allowing students to build ocean safety skills, connect with our cultural heritage and participate in a sport that has produced champions from our own shores,” said Representative Sean Quinlan, (District 47, Waialua, Hale‘iwa, Kawailoa Beach, Waimea, Sunset Beach, Waiale‘e, Kawela Bay, Kahuku, Lā‘ie, Hau‘ula, Punalu‘u, Kahana), introducer of the bill.

    The complete list of bills signed includes the following. Click links to see full details of the bills enacted into law.

    HB110 HD1 SD2 RELATING TO LOCAL AGRICULTURAL PRODUCTS

    HB1170 HD1 SD1 CD1 RELATING TO THE UNIVERSITY OF HAWAII RESIDENT TUITION FEE

    Photos from today’s bill signing, courtesy Office of the Governor, are available here.
    Video from the event can be viewed here.
    The slide deck presented at today’s bill signing can be found here.

    # # #


    Media Contacts:  
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected] 

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News –

    June 2, 2025

  • MIL-OSI: Cenovus Energy announces redemption of Series 7 Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company’s 3.935% Series 7 Preferred Shares (the “Series 7 Preferred Shares”) on June 30, 2025 (the “Redemption”). All 6 million Series 7 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $150 million, less required withholdings, if any, funded primarily from cash on hand.

    As previously announced, the Company’s Board of Directors has declared a quarterly dividend of $0.24594 per Series 7 Preferred Share payable on June 30, 2025, to shareholders of record as of June 13, 2025. This will be the final dividend paid on the Series 7 Preferred Shares.

    Inquiries from registered holders of Series 7 Preferred Shares should be directed to Cenovus’s Registrar and Transfer Agent, Computershare Investor Services Inc. at 1-866-332-8898 or (514) 982-8717 outside North America. Beneficial holders, who are not directly registered holders of Series 7 Preferred Shares, should contact the financial institution, broker, or other intermediary through which they hold these shares to confirm how they will receive their redemption proceeds.

    Advisory

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to as “forward-looking information”), within the meaning of applicable securities legislation, about Cenovus’s current expectations, estimates and projections about the future, based on certain assumptions made in light of the Company’s experiences and perceptions of historical trends. Although Cenovus believes that the expectations represented by such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Forward-looking information in this news release is identified by words such as “anticipate”, “continue”, “expect”, “intend”, “will” or similar expressions and includes suggestions of future outcomes, including, but not limited to, statements about: the completion of the Redemption, including the timing and funding thereof and the dividend payments with respect to the Series 7 Preferred Shares.

    Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Cenovus and others that apply to the industry generally.

    Except as required by applicable securities laws, Cenovus disclaims any intention or obligation to publicly update or revise any forward‐looking information, whether as a result of new information, future events or otherwise. Readers are cautioned that the foregoing lists are not exhaustive and are made as at the date hereof. Events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward‐looking information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. For additional information regarding Cenovus’s material risk factors, the assumptions made, and risks and uncertainties which could cause actual results to differ from the anticipated results, refer to “Risk Management and Risk Factors” and “Advisory” in Cenovus’s Management’s Discussion and Analysis for the periods ended December 31, 2024 and March 31, 2025, and to the risk factors, assumptions and uncertainties described in other documents Cenovus files from time to time with securities regulatory authorities in Canada, which are available on SEDAR+ at sedarplus.ca, on EDGAR at sec.gov and Cenovus’s website at cenovus.com.

    Cenovus Energy Inc.

    Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

    Find Cenovus on Facebook, LinkedIn, YouTube and Instagram.

    Cenovus contacts

    Investors Media
    Investor Relations general line Media Relations general line
    403-766-7711 403-766-7751

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Liquidia Schedules First Commercial Shipment of YUTREPIA™ (treprostinil) Inhalation Powder for Patients with PAH and PH-ILD

    Source: GlobeNewswire (MIL-OSI)

    • YUTREPIA now available to be prescribed to patients via specialty pharmacies
    • FDA approved YUTREPIA on May 23, 2025
    • Court denies United Therapeutics’ request for preliminary injunction and a temporary restraining order, clearing the path for full commercial launch

    MORRISVILLE, N.C., June 02, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced that Liquidia is scheduled to make its first commercial shipment of YUTREPIA™ (treprostinil) inhalation powder, marking the first time YUTREPIA will be available to be prescribed to patients at specialty pharmacies. This milestone was achieved only five business days following the U.S. Food and Drug Administration (FDA) approval of YUTREPIA on May 23, 2025, for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD).

    Dr. Roger Jeffs, CEO, Liquidia said: “We have moved with exceptional speed to provide a new and differentiated therapeutic alternative to the marketplace. In just over one week, our sales force hit the ground running with the promotion of YUTREPIA, the product was listed with compendia, and commercial product was shipped to specialty pharmacies. This extraordinary pace is a direct result of our rigorous preparation and the strategic urgency driving our desire to provide patients immediate access to the unique attributes of YUTREPIA as we look to position it as the prostacyclin of first choice for patients with PAH and PH-ILD.”

    On May 30, 2025, the U.S. District Court for the Middle District of North Carolina denied United Therapeutics’ (UTHR) request for a preliminary injunction and a temporary restraining order in its complaint filed against Liquidia (Case No. 1:25-cv-00368) alleging infringement of U.S. Patent No. 11,357,782 (the ‘782 patent). UTHR sought to enjoin Liquidia from commercializing YUTREPIA for the treatment of patients with PAH and PH-ILD. The Court denied the request, in part, based on its conclusion that UTHR is not likely to succeed on the merits of its claims. Liquidia has also filed a motion to dismiss, stay or transfer UTHR’s claims regarding the ‘782 patent. That motion remains pending with the Court. With this denial, UTHR no longer has any motions pending that seek emergency relief to enjoin the launch of YUTREPIA.

    About Pulmonary Arterial Hypertension (PAH)
    Pulmonary arterial hypertension (PAH) is a rare, chronic, progressive disease caused by narrowing, thickening or stiffening of the pulmonary arteries that can lead to right heart failure and eventually death. Currently, an estimated 45,000 patients are diagnosed and treated in the United States. There is currently no cure for PAH, so the goals of existing treatments are to alleviate symptoms, maintain or improve functional class, delay disease progression, and improve quality of life.

    About Pulmonary Hypertension Associated with Interstitial Lung Disease (PH-ILD)
    Pulmonary hypertension (PH) associated with interstitial lung disease (ILD) includes a diverse collection of up to 200 different pulmonary diseases, including interstitial pulmonary fibrosis, chronic hypersensitivity pneumonitis, connective tissue disease-related ILD, and chronic pulmonary fibrosis with emphysema (CPFE) among others. Any level of PH in ILD patients is associated with poor 3-year survival. A current estimate of PH-ILD prevalence in the United States is greater than 60,000 patients, though population size in many of these underlying ILD diseases is not yet known due to factors including underdiagnosis and lack of approved treatments until March 2021, when inhaled treprostinil was first approved for this indication.

    About YUTREPIA™ (treprostinil) Inhalation Powder
    YUTREPIA is an inhaled dry-powder formulation of treprostinil delivered through a convenient, low-effort, palm-sized device. YUTREPIA was designed using Liquidia’s PRINT® technology, which enables the development of drug particles that are precise and uniform in size, shape and composition, and that are engineered for enhanced deposition in the lung following oral inhalation. Liquidia has completed the INSPIRE trial (NCT03399604), or Investigation of the Safety and Pharmacology of Dry Powder Inhalation of Treprostinil, an open-label, multi-center phase 3 clinical study of YUTREPIA in patients diagnosed with PAH who are naïve to inhaled treprostinil or who are transitioning from Tyvaso® (nebulized treprostinil). YUTREPIA is currently being studied in the ASCENT trial (NCT06129240), or An Open-Label ProSpective MultiCENTer Study to Evaluate Safety and Tolerability of Dry Powder Inhaled Treprostinil in PH, with the objective of informing YUTREPIA’s dosing and tolerability profile in patients with PH-ILD. YUTREPIA was previously referred to as LIQ861 in investigational studies.

    INDICATION
    YUTREPIA (treprostinil) inhalation powder is a prostacyclin analog indicated for the treatment of:

    • Pulmonary arterial hypertension (PAH; WHO Group 1) to improve exercise ability. Studies establishing effectiveness predominately included patients with NYHA Functional Class III symptoms and etiologies of idiopathic or heritable PAH (56%) or PAH associated with connective tissue diseases (33%).
    • Pulmonary hypertension associated with interstitial lung disease (PH-ILD; WHO Group 3) to improve exercise ability. The study establishing effectiveness predominately included patients with etiologies of idiopathic interstitial pneumonia (IIP) (45%) inclusive of idiopathic pulmonary fibrosis (IPF), combined pulmonary fibrosis and emphysema (CPFE) (25%), and WHO Group 3 connective tissue disease (22%).

    SELECTED SAFETY INFORMATION: WARNINGS AND PRECAUTIONS

    • Treprostinil is a pulmonary and systemic vasodilator. In patients with low systemic arterial pressure, treatment with Treprostinil may produce symptomatic hypotension.
    • Treprostinil inhibits platelet aggregation and increases the risk of bleeding.
    • Co-administration of a cytochrome P450 (CYP) 2C8 enzyme inhibitor (e.g., gemfibrozil) may increase exposure (both Cmax and AUC) to treprostinil. Co-administration of a CYP2C8 enzyme inducer (e.g., rifampin) may decrease exposure to treprostinil. Increased exposure is likely to increase adverse events associated with treprostinil administration, whereas decreased exposure is likely to reduce clinical effectiveness.
    • Like other inhaled prostaglandins, YUTREPIA may cause acute bronchospasm. Patients with asthma or chronic obstructive pulmonary disease (COPD), or other bronchial hyperreactivity, are at increased risk for bronchospasm. Ensure that such patients are treated optimally for reactive airway disease prior to and during treatment.
    • Most common adverse reactions with YUTREPIA (≥10%) are cough, headache, throat irritation and dizziness.

    Prescribing Information and Instructions for Use for YUTREPIA (treprostinil) inhalation powder are available at YUTREPIA.com.  

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of YUTREPIA™ (treprostinil) inhalation powder, a drug that has been approved for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PHILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Cautionary Statements Regarding Forward-Looking Statements 
    This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding our future results of operations and financial position, our strategic and financial initiatives, our business strategy and plans and our objectives for future operations, are forward-looking statements. Such forward-looking statements, including statements regarding clinical trials, clinical studies and other clinical work (including the funding therefor, anticipated patient enrollment, safety data, study data, trial outcomes, timing or associated costs), regulatory applications and related submission contents and timelines; our ability to successfully commercialize our products, including YUTREPIA, for which we obtain FDA or other regulatory authority approval; the acceptance by the market of our products, including YUTREPIA, and their potential pricing and/or reimbursement by third-party payors, if approved (in the case of our product candidates) and whether such acceptance is sufficient to support continued commercialization or development of our products; the successful development or commercialization of our products, including YUTREPIA; our revenue from product sales and whether or not we may become profitable in the near term, or at all; future competitive or other market factors that may adversely affect the commercial potential for YUTREPIA; and our ability to execute on our strategic or financial initiatives, involve significant risks and uncertainties and actual results could differ materially from those expressed or implied herein. Despite the approval of YUTREPIA by the FDA, it is possible that commercialization of YUTREPIA may be blocked or delayed in connection with legal proceedings that have been initiated or that may in the future be initiated, or we may be required to pay damages, including royalties, in connection with our commercial launch, as a result of these legal proceedings. The denial of the motion for temporary restraining order and preliminary injunction in United Therapeutics’ lawsuit against Liquidia in the U.S. District Court for the Middle District of North Carolina does not conclude the lawsuit and is not determinative of the final outcome of the lawsuit. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would,” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks discussed in our filings with the SEC, as well as a number of uncertainties and assumptions. Moreover, we operate in a very competitive and rapidly changing environment and our industry has inherent risks. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that these goals will be achieved, and we undertake no duty to update our goals or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

    Company Contacts

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media Inquiries:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Hyperscale Data Reports $219 Million in Assets at End of Q1 2025, Sells Minority Stake in Private Pharmaceutical Company for $4.65 Million as Part of Company Streamlining

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 02, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced the sale of its minority equity interest in a privately held pharmaceutical company for gross proceeds of $4.65 million in cash.   Hyperscale Data purchased the equity position for $1.5 million in several closings between three and four years ago.

    This transaction is consistent with the Company’s ongoing strategy to exit non-core investments and concentrate capital and resources on its primary asset—a 617,000 square foot data center located in Michigan, which is being developed to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”) applications.

    “As we streamline our operations and sharpen our focus, this sale demonstrates our commitment to unlocking value and deploying capital where we believe we have the greatest long-term opportunity,” said William B. Horne, Chief Executive Officer of Hyperscale Data. “We are firmly focused on developing our Michigan data center to meet the accelerating demand for AI infrastructure.”

    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 HPC workloads.

    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.

    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, Ault Capital Group, Inc. (“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 –

    June 2, 2025

  • MIL-OSI United Nations: Finland helps WPF provide hot meals to children in northern Mozambique

    Source: World Food Programme

    MAPUTO – The United Nations World Food Programme (WFP) welcomes a generous contribution of EUR 500,000 from the Government of Finland to provide tens of thousands of children with daily hot meals as part of Mozambique’s ongoing National Home-Grown School Feeding Programme (PRONAE).

    The initiative, which will be immediately rolled out, reinforces the shared commitment of the Government of Mozambique, WFP, and partners to improve education, nutrition, and food security in some of the most vulnerable areas of the country.  Finland’s contribution will enable WFP to provide daily hot meals to more than 56,000 students over the next three months in primary schools located along the Nacala Corridor in Nampula Province, northern Mozambique. 

    “School meals are more than just a plate of food; they are a vital investment in the future of Mozambican children”, said Satu Lassila, Ambassador of Finland to Mozambique. “Finland has a long-standing partnership with Mozambique, including in education. I am delighted that we can now support Mozambican children also in this way.” 

    Mozambique is currently facing one of the most severe food insecurity crises in recent years, with nearly 40 percent of children under the age of five suffering from stunted growth and a record 5 million people in need of urgent humanitarian assistance. The situation is especially dire in the northern region, where conflict and recurrent climate shocks continue to disrupt lives and livelihoods.

    “Investing in school meals is one of the smartest and most impactful ways to support the next generations in Mozambique,” said Antonella D’Aprile, WFP Country Director in Mozambique. “Thanks to Finland’s generous contribution, thousands of children will receive the nourishment they need to learn and build a better future—not only for themselves but for the country as a whole.”

    Evidence shows that school feeding programmes not only improve children’s nutrition and learning but also help reduce poverty and inequality by increasing school attendance and building human capital over time.

    As a founding member and co-chair of the Global School Meals Coalition, Finland remains a steadfast provider and supporter of school meals around the world. This latest contribution builds on Finland’s longstanding collaboration with WFP to ensure that no child learns on an empty stomach.

    #                 #                   #

    The United Nations World Food Programme is the world’s largest humanitarian organization, saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on X, formerly Twitter, via @wfp_media and @wfp_mozambique

    Follow the Finnish Ministry for Foreign Affairs on X, formerly Twitter, via @Ulkoministerio, and the Embassy of Finland in Maputo on Facebook (@Embaixada da Finlândia Maputo – Suomen suurlähetystö Maputo) and Instagram (@finlandinmozambique).

    MIL OSI United Nations News –

    June 2, 2025

  • MIL-OSI Global: Africa’s new credit rating agency could change the rules of the game. Here’s how

    Source: The Conversation – Africa – By Daniel Cash, Reader in Law, Aston University

    For governments, a credit rating is more than a financial signal. It is a verdict that can influence the cost of borrowing, access to markets and, ultimately, the ability to provide for their citizens.

    Rating decisions are made behind closed doors in a private process that isn’t open to assessment or scrutiny.

    For African countries, this opacity can be especially damaging. When rating decisions lack transparency, it’s impossible to challenge potential biases or inconsistencies in methodology that put developing economies at a disadvantage. The result is higher borrowing costs that drain resources from healthcare, education and infrastructure investment.

    Africa’s new credit rating agency has the chance to change this. The African Credit Rating Agency is an initiative under development by the African Union and its partners. It is more than a new entrant; it is an attempt to rethink how financial authority is earned, exercised and scrutinised. The new agency plans to introduce transparent governance structures that could revolutionise rating methodology.

    As a researcher who has looked closely at the working of rating agencies, I believe this opportunity to bring transparency to financial governance isn’t just about better ratings. It’s a step towards economic sovereignty.

    Success for the African Credit Rating Agency shouldn’t be measured by whether it displaces the “big three” rating agencies (Standard & Poor’s, Moody’s and Fitch). The real question isn’t whether an African agency can compete, but rather whether it can show the world how to rate credit differently.

    A flawed process

    The three big agencies do publish their methodologies – their criteria and risk models. This creates an illusion of transparency. Yet the final judgments emerge from committee meetings that produce no public record, no accountability, and no right of meaningful appeal.

    These rating committees typically comprise five to 10 analysts who meet in closed sessions to make each sovereign rating decision. S&P, Moody’s and Fitch each operate internal rating committees for every sovereign rating decision. The deliberations, dissenting views, and specific reasoning behind final votes remain confidential. Only a brief summary is provided with a rating decision.

    Research has shown that credit rating agencies are more accurate at assessing the creditworthiness of advanced economies than developing economies. There have also been studies on the discrepancy between what is expected when the public methodologies are applied and what the agencies actually rate. These studies have been done for economies like Hong Kong and China, but no equivalent research has yet been undertaken for African sovereigns.

    This discrepancy exposes an accountability void. When methodology-based predictions miss the mark, we must question what happens in those committee rooms. Especially when African nations are being assessed by analysts stationed continents away, with limited understanding of local economic and political realities.

    The African Credit Rating Agency could make three changes to the way ratings are done:

    • through public deliberations

    • by forming hybrid committees

    • with technological intervention.

    First, it could release committee transcripts within 30 days of each decision. This would give markets and governments unprecedented insight into rating rationales. This isn’t radical – central banks already publish meeting minutes, and courts publish opinions with dissenting views.

    Second, it could pioneer panels that include not only rating analysts, but regional economists, sectoral specialists, and even civil society observers. All with recorded votes. This diversified expertise would disrupt “group think” while capturing nuances of African economies that traditional agencies overlook.

    I have examined this idea from the perspective of injecting climate and sustainability-related expertise into credit rating committees. I believe this is a crucial step to take to evolve the concept of the credit rating committee.

    Third, the agency could use artificial intelligence to analyse patterns across committee discussions, flagging potential regional biases or inconsistent methodology application. It might be able to use secure digital ledgers to create unchangeable records of decisions.

    Why the big three keep it closed

    The industry thrives on privacy – protecting proprietary methodologies and shielding decisions from external challenge. And the natural oligopoly (a market dominated by a few large players due to high entry barriers, reinforced by market preference for predictability) helps it stay that way.

    The sovereign credit ratings of the three big agencies are built on quantitative and qualitative factors. But research shows that sovereign ratings are subjected to qualitative understandings. This puts developing economies at a disadvantage when agencies demonstrate pro-western biases because they lack data or knowledge.

    The impact of a credit rating downgrade for a sovereign borrower is usually multifaceted. Research shows that a single-notch downgrade can raise borrowing costs by more than 100 basis points, equivalent to an extra US$100 million annually on a US$10 billion bond.

    Investors prefer fewer, stronger signals rather than many competing views. So there’s little incentive for established players to change. The African Credit Rating Agency, as a new entrant, can offer something the incumbents won’t: governance innovation that serves both markets and nations.

    Radical openness will shake markets, at least at first. Committee members might face political pressure. Transparency alone doesn’t guarantee fair outcomes.

    But the world already demands transparency from central banks and constitutional courts. Why accept anything less from institutions that shape sovereign destiny?

    Next steps

    By 2050, one in four people on Earth will be African. The financial architecture serving them must evolve towards systems that recognise the continent’s unique strengths.

    Opening the rating committee to view represents more than technical reform – it’s about shifting who holds power in global finance. If it does this, the African agency won’t just deliver better ratings; it will model how global finance can be governed more justly.

    Daniel Cash 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. Africa’s new credit rating agency could change the rules of the game. Here’s how – https://theconversation.com/africas-new-credit-rating-agency-could-change-the-rules-of-the-game-heres-how-257138

    MIL OSI – Global Reports –

    June 2, 2025

  • MIL-OSI Europe: EIB Group Complaints Mechanism workshop for mediators in Tunisia

    Source: European Investment Bank

    The EIB Group Complaints Mechanism co-organised a workshop for 14 mediators based in the Middle East and North Africa. The workshop offered a deep dive into the specificities of mediating disputes arising in the context of development projects. As part of the workshop, participants conducted role plays, during which they had to navigate complex situations involving power imbalances, high emotions, and negotiation deadlock. The five-day workshop was held in Tunisia from 12 to 17 May 2025. It was organised together with the Compliance Advisor Ombudsman (CAO) for IFC and MIGA and the Independent Recourse Mechanism (IRM) of the African Development Bank.

    Through this workshop, the Complaints Mechanism was able to strengthen its network of mediators in the region. Local facilitators and mediators play a crucial role in understanding local context and dynamics, which is paramount to designing impactful dispute resolution processes. Read more about our work with local facilitators here.

    MIL OSI Europe News –

    June 2, 2025

  • MIL-OSI Europe: Written question – Update of the Commission’s 2020 study projecting the net fiscal impact of immigration in the EU – E-002052/2025

    Source: European Parliament

    Question for written answer  E-002052/2025
    to the Commission
    Rule 144
    Marieke Ehlers (PfE), Sebastiaan Stöteler (PfE), Ton Diepeveen (PfE), Rachel Blom (PfE), Auke Zijlstra (PfE), Sebastian Kruis (PfE)

    In November 2020, the Commission published a comprehensive study on the net fiscal impact of immigration in the EU[1]. This study shows that non-EU immigration has a negative net benefit in almost all countries, even under the assumption of ‘perfect integration’.

    The data is consistent with 2023[2] and 2024[3] studies, which show that immigrants migrating for other purposes than work, such as study, family reunification and asylum, all bring negative net contributions, ranging between EUR 200 000 for family migrants and EUR 400 000 for asylum seekers. The negative contribution is particularly large in the case of African and Middle Eastern asylum seekers.

    The studies find evidence for a strong relationship between average net contributions by country and cultural distance, even after controlling for average education and the cito distribution-effect. The cultural distance to African-Islamic countries is large, and their emigrants bring large net fiscal costs, while the distance to Confucian countries is modest and their emigrants on average bring the largest net benefits.

    • 1.When will the Commission publish an updated version of its 2020 study? If not, why not?
    • 2.Will the Commission use the same methodology as the cited studies, differentiating immigrants by motive, source and generation? If not, why not?

    Submitted: 21.5.2025

    • [1] https://www.econstor.eu/bitstream/10419/232517/1/GLO-DP-0814.pdf.
    • [2] Beek, Jan & Roodenburg, Hans & Hartog, Joop & Kreffer, Gerrit. (2023). Borderless Welfare State – The Consequences of Immigration for Public Finances.
    • [3] Beek, Jan & Roodenburg, Hans & Hartog, Joop & Kreffer, Gerrit. (2024), The Long-Term Fiscal Impact of Immigrants in the Netherlands, Differentiated by Motive, Source Region and Generation.
    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 2, 2025

  • MIL-OSI: Convening of extraordinary general meeting of Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen

    2 June 2025

    Convening of extraordinary general meeting of Nykredit Realkredit A/S

    Nykredit Realkredit A/S will hold its extraordinary general meeting on Tuesday 24 June 2025 at 15:30 at the Company’s offices at Sundkrogsgade 25, DK-2150 Nordhavn.

    -o0o-

    Agenda:

    1. Election of member of the Board of Directors.
    2. Any other business.

    The agenda of the Company’s general meeting and the complete proposals have been submitted to Nykredit A/S, which owns all the shares of the Company.

    Item 1 on the agenda proposes election of Lasse Nyby to the Board of Directors. Information about Lasse Nyby’s education, professional experience, independence and other directorships and executive positions is provided in Appendix 1.

    Admittance to the general meeting is subject to collection of an admission card at least three days prior to the general meeting.

    Copenhagen, 2 June 2025

    Nykredit Realkredit A/S
    Board of Directors

    Contact:
    Questions may be addressed to Press Relations, tel +45 31 21 06 39.

    Appendix 1 – CV of Lasse Nyby

    Lasse Nyby
    Year of birth: 1960
    Non-independent

    Professional experience  
    2000- Chief Executive Officer, Spar Nord Bank A/S
    1995 Joined the Executive Board of Spar Nord Bank A/S
    1986 – 1995 Various positions at Spar Nord Bank A/S
       
    Education  
    Financial services background  
    B. Com. (Management Accounting)  
    Executive education from Insead  
       
    Directorships and other positions (current)  
    Aktieselskabet Skelagervej 15 (Chair)  
    AP Pension Livsforsikringsaktieselskab (Deputy Chair)  
    Foreningen AP Pension f.m.b.a. (Deputy Chair)  
    Nykredit A/S (Board Member)  
    Landsdækkende Banker (Board Member)  
    Finance Denmark (Board Member)  
    FR I af 16. september 2015 A/S (Board Member)  
       
    Directorships and other positions (previous)  
    PRAS A/S (Deputy Chair)  

    Attachment

    • Notice to extraordinary general meeting – Nykredit Realkredit AS – 02062025

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Global Net Lease Appoints Robert Kauffman as Board Chair

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) today announced the appointment of Robert Kauffman as Non-Executive Chairperson of its Board of Directors (the “Board”), effective immediately. Mr. Kauffman succeeds Sue Perrotty, who resigned from her position as Non-Executive Chairperson but will continue to serve on the Board as an independent director.

    Mr. Kauffman, a Co-Founder and former member of the Board of Directors of Fortress Investment Group, joined the GNL Board in March 2024.

    “We are excited that Rob Kauffman has become Chair of our Board at this transformative time for GNL,” said Michael Weil, CEO of GNL. “Since joining the Board, Rob has played an active role in our strategic initiatives – including our multi-tenant asset sale – and has added tremendous value through his extensive real estate and capital markets experience at Fortress, UBS and BlackRock. As we move toward a new era for GNL as a pure-play single-tenant net lease company, which we believe positions us to deliver additional value for shareholders, we look forward to benefiting from his leadership for years to come.”

    “Our entire Board thanks Sue Perrotty for her many years of dedication and leadership as Board Chair through a period of considerable evolution for GNL,” Mr. Weil added.

    “I am honored to step into this new role at such an important time for GNL,” said Mr. Kauffman. “GNL has taken significant steps over the last year to streamline its portfolio, strengthen its balance sheet, and enhance financial flexibility. I look forward to continuing to work closely with my fellow directors and GNL’s seasoned management team to capitalize on our strong momentum.”

    About Global Net Lease, Inc.

    Global Net Lease, Inc. (NYSE: GNL) is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com. 

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition (including the proposed closing of the encumbered properties portion of the multi-tenant portfolio) by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in the Company’s forward-looking statements are set forth in the “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network –

    June 2, 2025

  • India, Oman close to finalizing free trade agreement: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    India is nearing the conclusion of a Free Trade Agreement (FTA) with Oman, with Commerce and Industry Minister Piyush Goyal indicating that an announcement could be made soon. The move is expected to significantly boost bilateral trade and investment flows between the two countries.

    “I think you will see some good news very soon on the Oman FTA,” Goyal told journalists during his ongoing official visit to France, where he is promoting Indian trade and investment interests. He is also scheduled to attend a ministerial meeting of the World Trade Organization (WTO) on Tuesday.

    Negotiations for the proposed India-Oman Comprehensive Economic Partnership Agreement (CEPA) began in November 2023. Goyal’s visit to Oman in late January 2025, where he co-chaired the 11th session of the India-Oman Joint Commission Meeting with Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry, and Investment Promotion, marked a key step in advancing the talks.

    During the high-level meeting, both ministers reviewed bilateral relations and held in-depth discussions on cooperation in areas such as trade, investment, technology, food security, and renewable energy. They agreed to accelerate negotiations for the CEPA, with the aim of signing the agreement at the earliest.

    Describing the CEPA as a potential milestone in India-Oman relations, officials said the pact could significantly expand two-way trade and investments.

    Oman is India’s third-largest export destination among Gulf Cooperation Council (GCC) nations. In 2024-25, bilateral trade between the two countries stood at approximately USD 10.5 billion, with Indian exports worth USD 4 billion and imports valued at USD 6.54 billion.

    (With IANS inputs)

    June 2, 2025

  • MIL-OSI USA: In face of layoffs, Golden co-sponsors Protect our Parks Act of 2025

    Source: United States House of Representatives – Congressman Jared Golden (ME-02)

    WASHINGTON — Congressman Jared Golden (ME-02) this week announced the introduction of H.R. 3555, the Protect our Parks Act of 2025, to ensure the country’s 63 national parks and hundreds of other sites managed by the National Park Service (NPS) are adequately staffed. 

    “If there’s one thing Mainers know, it’s the value of the great outdoors. As we approach the busy summer season, Congress must act to ensure our treasured national parks have the resources they need to meet their mission,” Golden said. “Prior generations ensured the federal lands managed by the National Park Service were protected for us. Now it’s our turn to step up and guarantee their future for our grandchildren.” 

    Golden is an original co-sponsor of the bill, which directs the Secretary of the Interior to ensure adequate staffing within the NPS for the overall safety and wellbeing of visitor safety and natural and cultural resource protection.

    It orders the reinstatement of any individuals terminated as part of the Administration’s mass firings, beginning on January 20, 2025, providing staffing levels necessary to keep critical federal projects moving — including those funded by the Great American Outdoors Act; Infrastructure Investment and Jobs Act; Inflation Reduction Act; and Federal Lands Recreation Enhancement Act. 

    Golden is a member of the House Committee on Natural Resources and the Subcommittee on Federal Lands. In a May committee vote, he opposed the House GOP’s plan to slash $279 million from the NPS. He has a long track record of support for America’s parks system. 

    “Our national parks are invaluable treasures, preserving America’s natural and cultural heritage,” said Eric Stiles, president and CEO of Friends of Acadia. “Ensuring national parks are fully staffed is crucial for conservation, the visitor experience, and the success of vital projects. The Protect Our Parks Act calls for the reinstatement of dedicated personnel and safeguards key investments like the Great American Outdoors Act. Friends of Acadia applauds Congressman Jared Golden’s leadership in co-sponsoring this bill, ensuring these cherished places remain protected and accessible for future generations.”

    “Friends of Katahdin Woods & Waters thanks Congressman Golden for cosponsoring the Protect Our Parks Act,” said Brian Hinrichs, executive director of Friends of Katahdin Woods & Waters. “At this critical time, we value his leadership in voicing the need for the National Park Service to be fully staffed and funded. Katahdin Woods and Waters National Monument not only protects a treasured landscape, but serves as an economic driver in the community, especially when full hiring is permitted and critical projects can move forward.”

    Maine’s 2nd Congressional District is home to Acadia National Park — one of the ten most visited national parks in the United States — and the Katahdin Woods and Waters National Monument. With annual visitation numbers continuing to increase, these public lands need significant infrastructure investments. In the 118th Congress, Golden helped pass the Great American Outdoors Act to address maintenance backlogs at places such as Acadia and to establish permanent funding for the Land and Water Conservation Fund. 

    Full text of the bill can be found here.

    ###

    MIL OSI USA News –

    June 2, 2025

  • MIL-OSI Africa: Africa’s new credit rating agency could change the rules of the game. Here’s how

    Source: The Conversation – Africa – By Daniel Cash, Reader in Law, Aston University

    For governments, a credit rating is more than a financial signal. It is a verdict that can influence the cost of borrowing, access to markets and, ultimately, the ability to provide for their citizens.

    Rating decisions are made behind closed doors in a private process that isn’t open to assessment or scrutiny.

    For African countries, this opacity can be especially damaging. When rating decisions lack transparency, it’s impossible to challenge potential biases or inconsistencies in methodology that put developing economies at a disadvantage. The result is higher borrowing costs that drain resources from healthcare, education and infrastructure investment.

    Africa’s new credit rating agency has the chance to change this. The African Credit Rating Agency is an initiative under development by the African Union and its partners. It is more than a new entrant; it is an attempt to rethink how financial authority is earned, exercised and scrutinised. The new agency plans to introduce transparent governance structures that could revolutionise rating methodology.

    As a researcher who has looked closely at the working of rating agencies, I believe this opportunity to bring transparency to financial governance isn’t just about better ratings. It’s a step towards economic sovereignty.

    Success for the African Credit Rating Agency shouldn’t be measured by whether it displaces the “big three” rating agencies (Standard & Poor’s, Moody’s and Fitch). The real question isn’t whether an African agency can compete, but rather whether it can show the world how to rate credit differently.

    A flawed process

    The three big agencies do publish their methodologies – their criteria and risk models. This creates an illusion of transparency. Yet the final judgments emerge from committee meetings that produce no public record, no accountability, and no right of meaningful appeal.

    These rating committees typically comprise five to 10 analysts who meet in closed sessions to make each sovereign rating decision. S&P, Moody’s and Fitch each operate internal rating committees for every sovereign rating decision. The deliberations, dissenting views, and specific reasoning behind final votes remain confidential. Only a brief summary is provided with a rating decision.

    Research has shown that credit rating agencies are more accurate at assessing the creditworthiness of advanced economies than developing economies. There have also been studies on the discrepancy between what is expected when the public methodologies are applied and what the agencies actually rate. These studies have been done for economies like Hong Kong and China, but no equivalent research has yet been undertaken for African sovereigns.

    This discrepancy exposes an accountability void. When methodology-based predictions miss the mark, we must question what happens in those committee rooms. Especially when African nations are being assessed by analysts stationed continents away, with limited understanding of local economic and political realities.

    The African Credit Rating Agency could make three changes to the way ratings are done:

    • through public deliberations

    • by forming hybrid committees

    • with technological intervention.

    First, it could release committee transcripts within 30 days of each decision. This would give markets and governments unprecedented insight into rating rationales. This isn’t radical – central banks already publish meeting minutes, and courts publish opinions with dissenting views.

    Second, it could pioneer panels that include not only rating analysts, but regional economists, sectoral specialists, and even civil society observers. All with recorded votes. This diversified expertise would disrupt “group think” while capturing nuances of African economies that traditional agencies overlook.

    I have examined this idea from the perspective of injecting climate and sustainability-related expertise into credit rating committees. I believe this is a crucial step to take to evolve the concept of the credit rating committee.

    Third, the agency could use artificial intelligence to analyse patterns across committee discussions, flagging potential regional biases or inconsistent methodology application. It might be able to use secure digital ledgers to create unchangeable records of decisions.

    Why the big three keep it closed

    The industry thrives on privacy – protecting proprietary methodologies and shielding decisions from external challenge. And the natural oligopoly (a market dominated by a few large players due to high entry barriers, reinforced by market preference for predictability) helps it stay that way.

    The sovereign credit ratings of the three big agencies are built on quantitative and qualitative factors. But research shows that sovereign ratings are subjected to qualitative understandings. This puts developing economies at a disadvantage when agencies demonstrate pro-western biases because they lack data or knowledge.

    The impact of a credit rating downgrade for a sovereign borrower is usually multifaceted. Research shows that a single-notch downgrade can raise borrowing costs by more than 100 basis points, equivalent to an extra US$100 million annually on a US$10 billion bond.

    Investors prefer fewer, stronger signals rather than many competing views. So there’s little incentive for established players to change. The African Credit Rating Agency, as a new entrant, can offer something the incumbents won’t: governance innovation that serves both markets and nations.

    Radical openness will shake markets, at least at first. Committee members might face political pressure. Transparency alone doesn’t guarantee fair outcomes.

    But the world already demands transparency from central banks and constitutional courts. Why accept anything less from institutions that shape sovereign destiny?

    Next steps

    By 2050, one in four people on Earth will be African. The financial architecture serving them must evolve towards systems that recognise the continent’s unique strengths.

    Opening the rating committee to view represents more than technical reform – it’s about shifting who holds power in global finance. If it does this, the African agency won’t just deliver better ratings; it will model how global finance can be governed more justly.

    – Africa’s new credit rating agency could change the rules of the game. Here’s how
    – https://theconversation.com/africas-new-credit-rating-agency-could-change-the-rules-of-the-game-heres-how-257138

    MIL OSI Africa –

    June 2, 2025

  • MIL-OSI United Kingdom: Forgotten assets to help families and young people thrive

    Source: United Kingdom – Executive Government & Departments

    Press release

    Forgotten assets to help families and young people thrive

    First ever Dormant Assets Scheme Strategy unlocks £440 million funding

    • First ever Dormant Assets Scheme Strategy unlocks £440 million funding for people and communities who need it most – redirecting money from long-unused accounts to important social causes
    • Money will get young people involved in music, drama and sport, plus give thousands of vulnerable households access to affordable loans, delivering opportunity through Plan for Change
    • Financial institutions including JP Morgan and AON welcomed to No11 today, as Chancellor and Culture Secretary encourage them to participate in the Scheme and support local communities

    Families struggling with sudden costs and young people in deprived areas will get vital help, as £440 million from forgotten assets is put to work in communities across England through the first-ever Dormant Assets Scheme Strategy.

    This includes £132.5 million to give young people in disadvantaged neighbourhoods new chances to take part in music, sport and drama to build skills for the future, improve their employment opportunities and ensure access is no longer the preserve of a privileged few. 

    A further £132.5 million will benefit those in financially vulnerable circumstances, providing them with the affordable credit and support they need to manage their money well. This will mean that people facing money worries will have a safety net for when things go wrong – from a broken fridge to an unexpected car repair – instead of leaving them at the mercy of loan sharks.

    Local charities and community groups will also get extra funding, so they can run projects like food banks, youth clubs, and community events. This support will help bring people together, tackle loneliness, and make neighbourhoods safer and friendlier for everyone.

    Chancellor of the Exchequer Rachel Reeves and Culture Secretary Lisa Nandy welcomed major financial institutions including JP Morgan, Schroders, AON, Jupiter Asset Management, Aberdeen Group and other industry champions into No11 Downing Street today, highlighting the tangible difference this money can make to local communities and encouraging future participation to support these important causes.

    Secretary of State for Culture, Media and Sport, Lisa Nandy said:

    “From supporting young people and enhancing financial inclusion to driving social investment, this transformational funding will reach some of the most disadvantaged areas across the country and have a real impact on people’s lives as we deliver our Plan for Change. 

    “Made possible thanks to the ongoing support of our industry partners, I’ve been delighted to speak to financial institutions today as we look to bring in new sectors to support growth and drive opportunity across England.”

    Chancellor of the Exchequer Rachel Reeves said: 

    “We’re turning forgotten assets into fresh opportunities by unlocking £440 million that would otherwise be sitting idle to help young people realise their potential, and ensure vulnerable families aren’t excluded from the financial products they need. Through our Plan for Change, we’re backing communities and boosting opportunities to deliver growth and put more money in people’s pockets.”

    Chris Cummings, CEO of the Investment Association said: 

    “We look forward to the further expansion of the Dormant Assets Scheme to the investment and wealth management sector. The Scheme has the potential to deliver real positive change to communities across the UK and our industry both warmly supports the initiative and is committed to exploring participating at the earliest opportunity.  

    “The Dormant Assets Scheme is an important opportunity for our industry to come together with government and deliver a positive, measurable social and environmental impact.”

    The Dormant Assets Scheme has successfully released £1 billion to date to support thousands of frontline organisations and individuals in some of the most disadvantaged communities across the country. Funding has been channelled into a range of initiatives including tackling youth homelessness, supporting charities with the cost of living and breaking down barriers to financial inclusion to help vulnerable groups.

    The £440 million package announced today represents a significant uplift with an estimated £90 million over previously announced figures set to become available through the Scheme in England by 2028.

    Allocations set out in the Strategy will drive forward the growth and opportunity missions in the government’s Plan for Change, with full distributions to include: 

    • £132.5 million for young people with funding going to services, facilities and opportunities to provide them with the skills and resources needed to succeed 
    • £132.5 million for financial inclusion and education, equipping individuals with the tools and knowledge to build financial security
    • £87.5 million for social investment to strengthen the financial resilience of the voluntary sector, including £12.5 million reaching organisations that support youth outcomes
    • £87.5 million for community wealth funds, which will empower local people to make decisions about their communities, creating stronger neighbourhoods.

    Notes to editors:

    • The Dormant Assets scheme redirects money from long-unused financial accounts to social causes, while preserving the original owners’ right to reclaim their funds. 
    • The Dormant Assets Strategy sets out this government’s bold vision for the pioneering Dormant Assets Scheme, unlocking funds to support the communities who need it most and is available to view here. 
    • The Strategy for the Scheme is centered around three long-term objectives: 
      • Achieving long-term systems change through innovative programmes.
      • Protecting the integrity of the Scheme and its funding.
      • Becoming the best practice standard mechanism to deal with dormancy.
    • The Strategy reaffirms the importance of the collaboration between government and the financial services sector to make a success of the Dormant Assets Scheme

    • Last year, the government committed between the four named causes of the Scheme – financial inclusion, youth, social investment and community wealth funds – to break down barriers and drive growth as part of the Government’s Plan for Change.

    • Participants in today’s roundtable included representatives from JP Morgan, Schroders, AON, Jupiter Asset Management, Aberdeen Group, alongside industry champions from across banking, investment, wealth management, insurance and pensions sectors.

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    Published 2 June 2025

    MIL OSI United Kingdom –

    June 2, 2025

  • MIL-OSI Russia: Chief adviser to Bangladesh caretaker government urges Chinese investors to make the country their home and manufacturing hub

    Translation. Region: Russian Federal

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

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

    DHAKA, June 2 (Xinhua) — Chief Adviser to Bangladesh’s Caretaker Government Muhammad Yunus on Sunday called on Chinese investors to make the country their homeland and manufacturing hub.

    Speaking at the China-Bangladesh Investment and Trade Conference, M. Yunus said Chinese companies are masters of manufacturing and Bangladesh wants to be their partner.

    According to him, the interim government of Bangladesh is consistently implementing reforms, improving the investment climate, streamlining the legal framework and providing favorable conditions for business activities.

    M. Yunus suggested that Chinese investors explore the vast opportunities that Bangladesh offers in textile, pharmaceutical, food and agro-processing, fisheries and information technology.

    The conference was attended by more than 400 representatives from Chinese and Bangladeshi enterprises and business associations. –0–

    MIL OSI Russia News –

    June 2, 2025

  • MIL-OSI USA: Congressman DeSaulnier Announces Advancement of $35 Million for Projects to Benefit Contra Costa and Alameda Counties

    Source: United States House of Representatives – Congressman Mark DeSaulnier Representing the 11th District of California

    Washington, D.C. – Today, Congressman Mark DeSaulnier (CA-10) announced that he advanced 15 projects totaling over $35 million to benefit Contra Costa and Alameda Counties for consideration by the U.S. House Committee on Appropriations as part of the Fiscal Year 2026 appropriations process. These projects would help to support public health and safety, transportation accessibility and community development, and environmental protection and sustainability in California’s 10th Congressional District. Each year Congress provides Member-directed federal funding to a select number of Community Projects through the appropriations process. Under this process, each House member is allowed to submit 15 project requests on behalf of their Congressional District to the Appropriations Committee that meet the criteria set forth by the Committee.

    “I am proud to again advance over $35 million in funding that would directly benefit communities in Contra Costa and Alameda Counties by making our roads safer and more accessible, improving our outdoor spaces, providing cost-savings and environmental benefits through sustainability, and bolstering protection from crime and natural disasters,” said Congressman DeSaulnier. “I appreciate the effort of and collaboration with our local governments and organizations in submitting these projects, and I will continue to fight to see them through this legislative process and get the funding delivered to our district.”

    “We are grateful for Congressman DeSaulnier’s leadership in advancing five projects that will improve safety, emergency response, and transportation infrastructure in Contra Costa County. These critical investments will ensure that Contra Costa continues to be a safe and welcoming place for residents and businesses to thrive. We appreciate the Congressman’s foresight in selecting these projects, which offer regional benefits to our community,” said Candace Andersen, Chair of the Contra Costa County Board of Supervisors.

    “Central San wishes to express our sincere gratitude to Congressman DeSaulnier for championing our Ultraviolet (UV) Disinfection Replacement Project. This critical project will provide direct community benefits by improving the resiliency of Central San’s wastewater operations during extreme weather events and significantly reducing its energy footprint. This federal funding will support the transition to a state-of-the-art UV system that will make the wastewater treatment plant more sustainable and energy efficient because it will decrease energy use and meaningfully reduce greenhouse gases produced annually,” said Roger Bailey, General Manager of Central Contra Costa Sanitary District.

    “For truly safe and stable communities, we must make robust investments in public safety, including preventing and prosecuting organized retail theft and fighting labor trafficking. Efforts like the Healing and Justice for Survivors of Labor Trafficking program are designed to significantly increase funding for the number of Victim Witness Unit staff, allowing them to better provide education, outreach, and support for survivors. Congressman Mark DeSaulnier’s success in securing this crucial funding demonstrates his deep understanding of these fundamental needs,” said Diana Becton, District Attorney, Contra Costa County.

    “We appreciate the support from Congressman DeSaulnier in advancing our Community Project Funding request to provide resilient and modern emergency power infrastructure to support the East Bay Regional Communications System.  This project will have a direct impact on improving the public safety radio infrastructure for our firefighters, ambulance crews, and all first responders throughout Contra Costa County and northern Alameda County.  Congressman DeSaulnier is helping us to keep our communities and our first responders safe with this critical infrastructure investment,” said Lewis Broschard, Fire Chief, Contra Costa County Fire Protection District.

    “Investing in energy-efficient storage infrastructure ensures County Connection can power our future fleet with greater reliability and lower costs. This system strengthens our ability to deliver vital transit service during emergencies and supports a cleaner, more resilient future for our community. We’re grateful that Congressman DeSaulnier shares our commitment to sustainability and smart investment in local transit,” said Bill Churchill, General Manager, Central Contra Costa County Transit Authority.

    “We are extremely grateful to be included for consideration; upgrading our officer’s body worn cameras is an important public safety project for our residents and our police department,” said Cindy Darling, Mayor of Walnut Creek.

    “The Contra Costa Transportation Authority (CCTA) sincerely appreciates Congressman DeSaulnier’s continued support in advancing innovative transportation solutions in our county. This critical funding will allow CCTA to implement smart signal technology in the Cities of Antioch and Oakley, enabling signal synchronization, enhanced traffic flow, and smooth congestion. The upgraded system will also prioritize transit and emergency vehicles and support countywide efforts to achieve Vision Zero goals,” said Tim Haile, Executive Director, Contra Costa Transportation Authority.

    “The City of Dublin is proud to have Congressman DeSaulnier’s support for our Community Project Funding Request for the Village Parkway Reconstruction and Complete Streets Project. This important project will address critical infrastructure needs by resurfacing roads, improving bicycle access, enhancing safety, and upgrading sidewalks near Dublin High School. Once complete, Village Parkway will be a significantly safer and more accessible corridor for all who live, work, and travel in Dublin,” said Sherry Hu, Mayor of Dublin.

    “We are grateful for Congressman DeSaulnier’s vital support of this critical project. Upgrading our emergency generators will significantly enhance the resilience of the communication systems our first responders rely on during emergencies and disasters,” said Jon King, Board Chair, East Bay Regional Communications System Authority.

    “Thanks to Congressman DeSaulnier’s support, the Marsh Drive Class I Bikeway Project will close a 1.3-mile gap in Contra Costa County’s expansive bicycle network, providing the residents of Pacheco and Martinez a low-stress and multi-use bicycle and pedestrian facility that connects to the 32-mile Iron Horse Regional Trail, improving connectivity to neighboring jurisdictions such as the City of Concord and City of Pleasant Hill, while also improving access to recreational areas such as the lower Walnut Creek channel and Pacheco Marsh. The project will help Contra Costa County achieve its ambitious “Vision Zero” safety goal of having zero fatalities or severe injuries along its road network,” said Warren Lai, Director, Contra Costa County Public Works.

    “We greatly appreciate Congressman DeSaulnier championing the Treat Boulevard Corridor Improvements Project, a multi-modal project that will construct bicycle lanes and enhanced pedestrian infrastructure along Treat Boulevard in the Contra Costa Centre Transit Village of Walnut Creek. The Treat Boulevard Corridor Improvements will provide a critical connection to the region’s 32-mile Iron Horse Regional Trail and active transportation options for commuters and residents of Walnut Creek. This project will transform the road corridor into a model example of complete streets design, improving connectivity to light rail transit (Bay Area Rapid Transit, or BART, Pleasant Hill/Contra Costa Centre Station), high-density housing, and thousands of jobs, further supporting economic, health, and transportation benefits for the Contra Costa Centre and Walnut Creek areas,” said Warren Lai, Director, Contra Costa County Public Works.

    “This is more than a park project – it’s about honoring history, creating access, and supporting public spaces which will serve generations to come. The South of Bailey Road Community Development Project will open 890 acres of land to the public at Thurgood Marshall Regional Park – Home of the Port Chicago 50, laying the foundation for a regional destination rooted in community and remembrance. We deeply appreciate Representative DeSaulnier’s leadership in moving this vision forward,” said Sabrina Landreth, General Manager, East Bay Regional Park District.

    “We are deeply grateful that Congressman DeSaulnier has again selected our Ocean Ambassadors educational program for consideration for Community Project Funding through the Appropriations Committee,” said Cecily Majerus, Chief Executive Officer, The Marine Mammal Center. “Environmental literacy is crucial. This critical funding support would allow the Center to expand our Ocean Ambassadors in Contra Costa County—bringing high-impact, standards-aligned marine science learning to more classrooms through educator training, coaching, and peer mentoring.”

    “The Danville Townwide Fiber project is a transformative step toward a more connected and resilient community. By expanding our fiber infrastructure, we are ensuring that Danville’s traffic systems are smarter, safer, and prepared for the future,” said Renee Morgan, Mayor of Danville.

    “We are grateful for Congressman DeSaulnier’s continued support and unwavering commitment to help Diablo Water District build a resilient water system capable of withstanding potential seismic risks to our underground transmission lines and above-ground steel reservoirs,” said Dan Muelrath, General Manager, Diablo Water District.

    “On behalf of the City of Concord, I extend our sincere thanks to Congressman DeSaulnier for championing the effort to improve our Emergency Operations Center. His support is vital to addressing critical infrastructure needs that impact our emergency response and community safety. This funding will help transform the EOC into a modern, resilient facility that strengthens regional preparedness and protects lives. We deeply appreciate his leadership and commitment to public safety,” said Carlyn Obringer, Mayor or Concord.

    Transportation Accessibility and Community Development Projects:

    • $3,900,000 for the Town of Danville to install fiber optic cables and construct new conduit and junction boxes for 54 traffic signals in Danville to enable real-time traffic signal optimization to reduce traffic congestion and improve safety, and allow for future implementation of smart city technologies.
    • $3,000,000 for the City of Dublin to improve safety and accessibility of Village Parkway by narrowing vehicle lanes, adding lighting, and constructing buffered bike lanes, wider sidewalks, and protected intersections.
    • $2,000,000 for the Contra Costa County Public Works Department to create a separate bike path to fill a gap in the County-wide bicycle network along Marsh Drive in unincorporated Pacheco, which will improve safety for all road users and access to local commercial centers, recreational centers, and additional connections to the local mass transit system.
    • $2,000,000 for the East Bay Regional Park District to construct visitor facilities such as restrooms, drinking fountains, public parking areas, and a turnout lane on Bailey Road to allow for the Thurgood Marshall Regional Park to be opened up to the public.
    • $1,970,010 for the Contra Costa Transportation Authority (CCTA) to upgrade and develop a network of smart traffic signals between Antioch and Oakley to improve commute times, reduce delays, and ease congestion.
    • $1,500,000 for the Contra Costa County Public Works Department to construct bicycle and pedestrian facilities on Treat Boulevard in the Contra Costa Centre Transit Village in Walnut Creek to close a critical gap along the Iron Horse Regional Trail, which would improve safety for non-motorized road users and improve connectivity for first and last mile connections to public transit and local commercial establishments.

    Public Health and Safety Projects:

    • $4,875,000 to the Diablo Water District to provide structural and foundational reinforcements to water infrastructure to mitigate risks associated with major seismic events, safeguard water supply, and contribute to the region’s overall disaster preparedness strategy.
    • $3,649,671 to the City of Concord to make improvements to the Emergency Operations Center in Concord to ensure its longevity, efficiency, and resilience as it serves as a critical hub for bolstering regional preparedness, response, and recovery efforts during emergencies and disasters.
    • $1,915,000 for the Contra Costa County Fire Protection District (Con Fire) to replace and install equipment, including backup generators, shore power plugs, and automatic transfer switches, at radio towers across Contra Costa County that are used for communication between law enforcement, fire, and emergency medical services to improve system reliability during emergencies and disasters that result in the loss of power.
    • $1,000,000 to the City of Walnut Creek to purchase 120 body worn cameras, charging docks, and equipment to promote transparency, accountability, and public trust in the police department.
    • $600,000 for the Contra Costa County District Attorney’s Office to create an Organized Retail Theft (ORT) Prevention and Prosecution Unit with the goal of addressing increased levels of retail theft crimes, helping local law enforcement better confront these types of crimes, and improving public safety.
    • $500,000 for the Contra Costa County District Attorney’s Office to enhance the identification and referral of survivors of labor trafficking and cases of labor trafficking occurring in the County, increase the capacity of the District Attorney’s Office to investigate cases of labor exploitation and trafficking, and improve the quality and scope of services provided to underserved and marginalized victims of human trafficking.

    Environmental Protection and Sustainability Projects:

    • $4,000,000 to the Central Conta Costa Sanitary District (Central San) to upgrade the water treatment facility’s ultraviolet (UV) technology to reduce the energy footprint of water treatment and protect public health and water quality in the region.
    • $4,000,000 to the Central Contra Costa Transit Authority (County Connection) to construct a battery system to allow the agency to charge its zero emission buses overnight, and provide a source of power to maintain operations during emergencies.
    • $272,918 for the Marine Mammal Center to help build scientific literacy and environmental stewardship of the coastal zone for 2,7000 students and their teachers and to develop a pipeline for the future STEM workforce.

    Selection and submission of projects to the Appropriations Committee is the first stage of the process for Community Project Funding. The projects are subject to a strict transparency and accountability process, which is detailed here by the Appropriations Committee. Examples of this vetting include certifying that Members have no financial interest in these projects, an audit of a sampling of these projects by the Government Accountability Office, and a requirement for demonstrated community support and engagement for each submission. More information on each project and the certifications of no financial interest can be found here.

     

    #

    MIL OSI USA News –

    June 2, 2025

  • MIL-OSI Africa: African Mining Week to Highlight Coal’s Role in Regional Energy Security, Industrialization

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, June 2, 2025/APO Group/ —

    As Africa leverages coal to drive industrialization and support sustainable development, African Mining Week (AMW) – the continent’s premier platform for mining stakeholders – will highlight investment opportunities within the coal sector. Scheduled for October 1–3, 2025 in Cape Town, the event will unite project developers, investors, policymakers and technology providers to advance coal-focused deals and partnerships.

    A dedicated panel discussion, “Coal’s Indispensable Role: Powering Africa’s Downstream Processing and Manufacturing Boom,” will explore how coal contributes to energy security, economic growth and job creation across the continent.

    Coal remains a critical driver of energy security in Africa. The continent is expected to increase coal use by 6 million tons to 191 million tons per annum by 2027 under efforts to enhance the resilience of the electricity network, according to the International Energy Agency. In South Africa – Africa’s largest producer and the world’s sixth – the coal sector has been crucial in addressing load shedding, with a 7% increase in coal use in 2023 and 2024 strengthening the grid. On the global stage, African coal also plays an important role, accounting for over 3.5% of the world’s total production, with producers such as Mozambique, Zimbabwe, Zambia and Botswana kickstarting new projects and optimizing existing assets. South Africa exports 28% of its coal production and ranks as the world’s fourth largest coal exporting market.

    Glencore increased its South African coal production by 5% in Q1 2025 compared to the same period last year, reaching 4.2 million tons. In March 2025, Seriti Resources inaugurated the R500 million Naudesbank Colliery in Mpumalanga province, shortly after coal was designated a critical mineral by South Africa’s Ministry of Mineral and Petroleum Resources. Meanwhile, Canyon Coal is preparing to break ground on the R1.5 billion Sukuma Mine, targeting 7.2 million tons of annual output. In Zimbabwe, Contago Holdings’ Muchesu project – backed by Huo Investments – is ramping up production to meet both domestic and export demand.

    Recognizing coal’s strategic importance in shaping a just and inclusive energy transition and economic diversification, global public and private sector players are ramping up investment. In a landmark policy reversal in May 2025, the U.S. Export-Import Bank lifted its ban on financing overseas coal projects, opening new channels for international funding for African projects. South Africa’s Exxaro and Eskom have entered into a joint agreement to invest in emissions reduction technologies, supporting cleaner coal usage aligned with just energy transition objectives. In Mpumalanga, Blue Ammonia Production is progressing with its R31.5 billion Suiso Coal-to-Fertilizer project, poised to create 4,000 jobs and enhance regional agricultural productivity. Botswana is similarly advancing a $2.5 billion coal-to-liquids plant, designed to strengthen the country’s energy and fuel security. With African coal producers generating substantial revenue from coal exports, the industry will be crucial in funding the continent’s renewable energy deployment and energy mix diversification, facilitating a just and inclusive energy transition

    African Mining Week 2025 will serve as a strategic platform to explore these developments and examine coal’s evolving role in Africa’s industrial future. The event will place a strong emphasis on sustainable coal practices that balance development with environmental stewardship and long-term transition goals.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

    June 2, 2025

  • MIL-OSI Security: Police release e-fit of suspect in Islington sexual assaults

    Source: United Kingdom London Metropolitan Police

    Investigators have released an e-fit of a man who sexually assaulted two women in Islington earlier this year.

    The assaults occurred within 15 minutes of each other on Sunday, 9 March.

    Around 20:40hrs that day, a woman in her 20s reported being followed by a man down Cruikshank Street in Islington. The man sexually assaulted her, before walking away towards Great Percy Street.

    Around the same time, another woman – also in her 20s – was walking along Britannia Street, Islington, when she was approached from behind by a man. He sexually assaulted her, then ran off down Wicklow Street.

    The suspect is described as skinny, wearing a light-coloured t-shirt, dark bomber jacket, and a dark baseball cap. He appeared to be aged in his 30s.

    No arrest has been made at this stage, though investigators are treating the two incidents as linked. They are appealing to anybody who believes they saw a man matching the e-fit on Sunday, 9 March to come forward.

    Anybody who witnessed either of the assaults – or who has potentially relevant information – should contact 101, quoting investigation reference 01/7265403/25.

    MIL Security OSI –

    June 2, 2025

  • MIL-OSI: WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

    Source: GlobeNewswire (MIL-OSI)

    WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

    Geneva, Switzerland, June 2, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its management team will be presenting at the Maxim Group 2025 Virtual Tech Conference “Discover the Innovations Reshaping Tomorrow.”

    WISeKey’s fireside chat presentation is scheduled for June 3rd at 8:30 am ET. Investors can access the live presentation via the following link: https://m-vest.com/events/tmt-06032025.

    During the presentation, Carlos Moreira, WISeKey’s Founder and CEO, will provide a progress update on WISeKey’s platform as it advances through the “Year of Convergence,” integrating its subsidiaries’ cybersecurity offerings: (WISeID) digital identification, (SEALSQ) post-quantum technology, (WISeSAT) satellite constellation, and (SEALCOIN) tokenization projects into the Company’s revenue stream.

    About WISeKey

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

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

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

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

    Press and Investor Contacts

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

    The MIL Network –

    June 2, 2025

  • MIL-OSI: DNO Contemplates Hybrid Bond Issue

    Source: GlobeNewswire (MIL-OSI)

    2 June 2025 – DNO ASA, the Norwegian oil and gas operator, today announced it has engaged Arctic Securities AS, DNB Carnegie (a part of DNB Bank ASA) and Pareto Securities AS as Joint Bookrunners to arrange fixed income investor meetings. Subject to inter alia market conditions and acceptable terms, a new subordinated hybrid bond issue may follow.

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice was published by Jostein Løvås, DNO ASA Communication Manager, on the time and date set out above.

    The MIL Network –

    June 2, 2025

  • MIL-OSI: The Evolution of the CFO: From Financial Steward to Strategic Visionary

    Source: GlobeNewswire (MIL-OSI)

    Change is afoot, but that’s a good thing

    Gone are the days when CFOs merely managed balance sheets and ensured fiscal discipline. Today’s CFO is a dynamic strategist at the heart of shaping business direction and fueling growth. Beyond budget oversight they are architects of financial resilience: securing resources for talent acquisition, technological advancements, supply chain stability and innovation.

    To thrive in this new reality, CFOs are obliged to seamlessly balance ongoing financial health with long-term value creation. Their mission includes inspiring confidence among shareholders, proving to them that their investments will flourish, while simultaneously demonstrating the ability to uphold commitments to financial institutions. Achieving these objectives demands real-time financial intelligence and a well-integrated ecosystem of technology, collaborative teams and agile processes.

    These pursuits also mean that Finance can no longer operate in isolation. Growth depends on collaboration, integration and agility to respond to complexity. Companies are only as strong as their weakest link, and the CFO must ensure that the entire value chain — not just individual components — drives competitive advantage. Strategic planning, a focus on digital transformation, ESG initiatives and prudent M&A activities are now all within their remit.

    The CFO’s mission is clear: Stay adaptive, break down silos and secure the financial foundation for sustainable success.

    The Office of the CFO: A symphony of strategic functions

    Since a CFO does not operate in isolation, the Office of the CFO is more than a designation — it is an interconnected framework of specialised teams and functions that collectively support financial leadership.

    While fundamental finance operations such as Procurement, Accounts Payable and Accounts Receivable remain vital, the CFO’s broadened responsibilities now demand deeper alignment with IT, Legal, Supply Chain, Customer Service departments and beyond. Especially when it comes to the tech strategy of a company, 84% of CFOs surveyed say that they are going to become more involved in these kinds of decisions.1

    These aren’t fragmented departments; they are critical components of an integrated effort to enhance efficiency, optimise profitability and build a sustainable and competitive advantage. Financial leadership today transcends numbers. It’s an intricate dance of collaboration, foresight and execution that shapes a company’s future.

    Elevating insights & impacts with the right tech stack

    This Office of the CFO requires unparalleled visibility into the organisation’s financial and operational landscape. Advanced technology is the backbone of this transformation, and enables real-time decision-making, meticulous forecasting, accurate predictive analytics and all-encompassing risk management.

    While hesitation toward emerging fintech remains, not least due to very real risks, comprehensive suite-based platforms can provide a secure and streamlined alternative by resolving concerns of system complexity and vulnerability, all while enhancing strategic agility.

    And as with all realms of technology, AI is making its way into fintech as well. It redefines what financial leadership means by providing CFOs with the ability to make smarter, faster and more data-driven decisions. By leveraging predictive analytics, AI identifies patterns within vast datasets and uncovers actionable insights that propel growth and mitigate risk.

    AI revolutionises forecasting by enhancing accuracy through the synthesis of financial and non-financial data. In working capital management, it empowers teams to optimise cashflow, which can ensure liquidity with unparalleled precision. Merger and acquisition activities are supported by AI capabilities that accelerate due diligence by efficiently interpreting complex financial documents and thereby enabling streamlined decision-making. Another example is contract management, where AI can detect critical clauses or risks, which in turn results in simplified negotiations and reduces legal exposure.

    Yet, AI is not a substitute for human expertise. Its true strength lies in augmenting Finance teams by automating routine processes and improving data integrity. It provides humans with mental and temporal space to focus on strategic innovation, resulting in a formidable force that drives efficiency, agility and transformative growth. By embracing this synergy, the Office of the CFO can unlock new opportunities and reshape, future-proof the entire business.

    1.  “The CFO’s Changing Role: 5 Data Points from the 2023 CFO Outlook Survey”, CFO Magazine, Feb. 3, 2023 

    The MIL Network –

    June 2, 2025

  • MIL-OSI: WISeKey’s WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles will be Presenting FABEN’s MLove at NFC Lisbon on June 5 on the Alpha Stage at 4:30

    Source: GlobeNewswire (MIL-OSI)

                                                                       

    WISeKey’s WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles will be Presenting FABEN’s MLove at NFC Lisbon on June 5 on the Alpha Stage at 4:30 pm

    Geneva, Switzerland – June 2, 2025 — WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, is proud to announce that it will present Faben’s holograms for the first time at Lisbon NFC. There will be a live performance by Faben as well as a live discussion with WISe.ART Art Director on stage.

    Since its launch in 2021, WISe.ART, the NFT platform developed by WISeKey, has led numerous high-impact and pioneering NFT projects. Combining trusted digital identity, robust cybersecurity, and environmental consciousness, WISe.ART has redefined how digital art and luxury collectibles are created, verified, and traded.

    WISe.ART has distinguished itself by ensuring secure digital identity and compliance with international standards, making it one of the few platforms trusted for institutional and philanthropic NFT use cases.

    Faben’s holograms are part of an important project including NFTs, NFCs, physical pieces, and an AI community building app to be developed to bring global beauty and peace. MLove will be developed into a game, an interactive companion, and health and educational guidance in an artistic way to spread the message of love to its community.

    Revolutionizing the Future of Art- A world premiere that a hologram and a token are linked to a RWA (Real World Asset)

    About WISe.ART: The WISe.ART platform redefines the digital art experience by providing creators and collectors with a secure, traceable, and intelligent environment for trading and authenticating digital assets. It is democratizing digital expression by empowering billions of people worldwide to create, share, and monetize their artistic visions through a secure and trusted platform. Whether it’s a digitally generated painting, a collectible tied to a physical sculpture, or a new form of cultural expression, WISe.ART enables creators from all backgrounds to participate in the global digital art economy, safely and transparently. For more information, visit www.wise.art.

    About FABEN: Faben the heArtist, (sculpture, painting, murals, installations worldwide),
    Creator of MLOVE & NFTH concept – https://www.instagram.com/faben.art/?hl=en#.

    Faben joined the new enhanced WISe.ART platform in time for NFC Lisbon with a collection of holograms announcing the project. The holograms will be identifiable with WISeKEY chips and linked to their respective NFTs on one of the WISe.ART blockchains. The complete NFT collection will be dropped later in July during ARTMONACO week. Faben is an internationally renowned artist for his Mr Love sculpture spreading goodwill to all generations with inventive art using technology to reach new frontiers in communication.

    About NFC Summit: Is the major annual event where the creative economy meets WEB 3 – Art Fashion, Gaming and Music, live performance stage, blending virtual and reality in unprecedented ways. The world’s major web3 players, investors and media from around the world gather to present and discuss current trends. Live performances, conference on multiple stages, awards and exhibitions will be open to the public for 3 crazy days in an historical venue in the heart of Lisbon.    https://www.nfcsummit.com/.

    About WISeKey

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

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

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

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

    Press and Investor Contacts

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

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Atos Group receives confirmatory offer from the French State to acquire part of its former Advanced Computing business

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Atos Group receives confirmatory offer from the French State to acquire part of its former
    Advanced Computing business

    Vision AI activities excluded from the transaction

    • Confirmatory offer received from the French State to acquire Eviden’s Advanced Computing business excluding newly separated Vision AI activities
    • Enterprise Value of €410 million including €110 million contingent earn outs, following the exclusion of Vision AI activities
    • Vision AI activities, contributing to more than one third of the operating margin of the formerly considered perimeter, repositioned in Eviden to structure a new business unit
    • The Parties aim to sign a binding agreement1in the coming weeks, with a closing of the transaction expected in 2026

    Paris, France – June 2, 2025 – Following its press release dated November 25, 2024, Atos SE (“Atos” or the “Company”) announces that it has received a confirmatory offer from the French State to acquire its Advanced Computing business, excluding Vision AI activities (comprising mainly the Ipsotek subsidiary acquired in 2021), for an enterprise value (EV) of €410 million, including €110 million earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million that should be paid upon closing) and 2026 (€60 million).
    The revised EV in comparison with the one communicated in November 2024 reflects the reduced scope of the transaction.

    Atos Group’s Advanced Computing business regroups the High-Performance Computing (HPC) & Quantum as well as the Business Computing & Artificial Intelligence divisions. The transaction perimeter is expected to generate revenue of circa €0.8 billion in 2025.

    Eviden will be reorganizing its Vision AI capabilities (based in the UK) around a new business unit to continue its focus on AI, Data and Security as communicated during the Capital Markets Day. With deep expertise in AI-powered video analytics for operations, safety and security (such as abandoned luggage detection, crowd management or manufacturing quality inspection), this structure will support Atos Group organization to deliver improved and higher-value offerings to clients.

    The Board of Directors welcomed the offer, based on the report of the independent expert appointed by the Board, which confirmed that the valuation of the disposed perimeter and the terms of the transaction are at fair market value.

    Atos Group 2028 financial trajectory presented at the Capital Markets Day on 14 May 2025, on the assumption of a disposal of Advanced Computing, remains unchanged.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 72,000 employees and annual revenue of c. € 10 billion, operating in 68 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

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

    Contacts

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 The binding agreement refers to the put option agreement. A share purchase agreement attached to the put option agreement will be signed upon and subject to completion of the information procedure and consultation with the relevant employee representative bodies. It is also specified that the transaction is subject to approval by the relevant regulation authorities.

    Attachment

    • 250602_Atos_receives_confirmatory_offer_from_French_State

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 4)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025. 

     

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 30.05.2025. 

     

    Period covered by this periodic report – 26.05.2025 – 30.05.2025. 

     

    Other information: 

    Transaction overview 

    Date 

    Total number of shares purchased on the day ( units) 

    Weighted average price (EUR) 

    Total value of transactions (EUR) 

    2025.05.26

    100,000

    0.878

    87,755.04

    2025.05.27

    100,000

    0.877

    87,700.00

    2025.05.28

    100,000

    0.875

    87,500.17

    2025.05.29

    –

    –

    –

    2025.05.30

    100,000

    0.876

    87,600.00

    Total acquired during the current week 

    400,000

    0.876

    350,555.21

    Total acquired during the programme period 

    1,900,000

    0.88

    1,672,643.37

     

     

     

     

     

    The Bank’s own bought-back shares: 12,097,749 units.  

     

    Following the above transactions, the Bank will own a total of 12,497,749 units of own shares representing 1.89 % of the Bank’s issued shares. 

     

    Further detailed information on the transactions is attached. 

     

    This information is also available at: www.artea.lt   

     

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt, +370 610 44447

    Attachment

    • Additional detailed information about transactions (week 4)

    The MIL Network –

    June 2, 2025

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” Public Green Bond Issue presentation to investors

    Source: GlobeNewswire (MIL-OSI)

    “Atsinaujinančios energetikos investicijos” (Issuer) and Orion Securities (Issue organizer) on 4th and 5th of June will present the bond issue and will answer investor questions during the webinar.

    • 4 June (Wednesday), 14:00
    • 5 June (Thursday), 10:00

    Investment orders can be submitted before 11 June, 3:30PM.
    Key bond issue details: 

    • Issue size: up to 100 mEUR
    • Size of the first tranche: up to 65 mEUR
    • Interest rate: 8 % 
    • Minimum investment amount: 100 000 EUR
    • Term: 2,5 years

    For more information and full documentation click here.

    HOW TO INVEST?

    Contact the financial brokerage company/bank (LHV, Signet, Swedbank, SEB Bank and others) handling your securities account for the submission of an investment order.

    If you do not have an investment services agreement concluded with a financial intermediary, send us an email to: bonds@orion.lt 

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Offentliggørelse af investorinformation, Kapitalforeningen Wealth Invest

    Source: GlobeNewswire (MIL-OSI)

    Hermed offentliggøres et opdateret investorinformation for afdeling Afkast+ AKL i Kapitalforeningen Wealth Invest.

    Investorinformationen er opdateret som følge af, at der er foretaget en tilpasning i afdelingens gearingsrammer, ligesom der er lavet redaktionelle ændringer.

    Investorinformationen er vedhæftet denne meddelelse og kan ligeledes tilgås via Foreningens hjemmeside.

    Spørgsmål i relation til ovenstående kan rettes til Lise Bøgelund Jensen, direktør i Foreningens investeringsforvaltningsselskab, på telefon 33 28 28 28.

    Med venlig hilsen

    Kapitalforeningen Wealth Invest

    Attachment

    • 2025_06_02_Investorinformation_KF_Wealth_Invest_Afkast_AKL

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Information to be delivered by Artea Bank at the Nasdaq Vilnius conference “CEO Meets Investors”

    Source: GlobeNewswire (MIL-OSI)

    On June 2, 2025 at the traditional online webinar of listed companies’ executives with investors, hosted by Nasdaq Vilnius, Vytautas Sinius, CEO of Artea Bank will provide information on bank`s strategy, operation, financial outlook and future perspectives.

    Please find enclosed the information to be delivered during the presentation.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt +370 610 44447

    Attachment

    • 2025 06 CEO Meets Investors Nasdaq LT

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Results of the 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    2 June 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or the “Company“) (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), a global investment firm specializing in digital assets, is pleased to announce that all of the resolutions proposed at the Annual General Meeting (“AGM”) of the Company, held as of 30 May 2025, were duly passed via poll.

    The Company’s Board of Directors wished to highlight the following:

    Resolution 13 – Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares

    The AGM resolved that the Board of Directors shall decide on purchases of the Company’s own shares in accordance with the following terms.

    1. Share repurchases may be made on Nasdaq Stockholm or any other regulated market.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The Company’s holding of shares at any given time shall not exceed 15% of the total number of shares in the Company.
    4. Repurchases of the Company’s own shares may shall be made at a price of no more than 5% above the average trading price of the shares for  the 5 business days prior to the repurchase date.
    5. Payment for the shares shall be made in cash.

    In addition, the AGM resolved to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, terms.

    1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
    4. Transfers of shares on Nasdaq Stockholm (or any other regulated market)  shall be made at a price of no more than 5% above the average trading price of the shares for the 5 business days prior to the transfer date. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
    5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

    The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs.

    The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the Chairman of the Board, the Chief Executive Officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares.

    Resolution 14 – Resolution regarding amendments to the Company’s Articles of Association

    The AGM resolved that Company’s Articles of Association be amended by deletion of the existing articles 3.6.2, 17.2.7 and 24.12 and the insertion of new articles 3.6.2, 17.2.7 and 24.12 as follows:
    “3.6.2   the Directors may, by unanimous consent only, during any period of two consecutive calendar years, resolve to allot and issue in one or more tranches such number of ordinary shares (including, for the avoidance of doubt, any shares issued pursuant to, in connection with or upon conversion of any subsequently issued convertible bonds) as does not in the aggregate exceed twenty five percent (25%) of the total number of ordinary shares in issue (excluding any ordinary shares held in treasury) at 9am on 1st January of such year (rounded down to the nearest whole share), without the offer, issue  or allotment of such shares or the issue or conversion of any subsequently issued convertible bonds being subject to the provisions of Article 3.2 provided always that any such allotment, issue, or conversion is effected solely in connection with bona fide transactions for business purposes only (and for the avoidance of doubt the terms of this Article 3.6.2 shall not include the issuance of shares or convertible securities as consideration or compensation  for services rendered by employees, consultants, directors, or any other individuals in a personal capacity) and provided further that any issuance or allotment to any natural person pursuant to this Article 3.6.2 shall be subject to the unanimous approval of the remuneration committee as required by and in accordance with the terms of reference for such remuneration committee and shall not in aggregate in any calendar year exceed five percent (5%) of the total number of ordinary shares in issue at the time of such offer;” 

    “17.2.7 the creation of any charge or other security over any assets or property of a Group Company to secure borrowings, or indebtedness in the nature of borrowings, of that Group Company which, when aggregated with all other such borrowings or indebtedness, would exceed £200,000,000 (OTHER THAN in the ordinary course of its Business, and, DISREGARDING any amounts borrowed from other Group Companies) provided always that, subject to applicable law, nothing in these Articles (including without limitation this provision) shall restrict or prevent or be deemed to restrict or prevent the issuance by the Company of any corporate or convertible bonds or other debt instruments on an unsecured basis.”

    “24.12  Notwithstanding anything to the contrary within these Articles, meetings of the Board shall be held at such locations and in such manner, and resolutions of Directors passed in writing shall be signed, so as to cause the Company to:
      24.12.1    be resident for taxation purposes in Jersey; and
      24.12.2    comply with the Taxation (Companies – Economic Substance) (Jersey) Law 2019.”

    36,267,305 shares and votes were registered for the AGM, representing 54.39% of the issued share capital as at 16 May 2025.

    The number of shares in issue (and total voting rights) as at close of business on 16 May 2025 was 66,678,210 ordinary shares carrying one vote each. Therefore, the total voting rights in the Company as at close of business on 16 May 2025 was 66,678,210.

    The full text of the resolutions passed at the AGM can be found in the Notice of the Annual General Meeting (included within the Annual Report) which is available on the Company’s website at https://investor.coinshares.com/c-governance/general-meetings.

    In response to a shareholder question and as previous advised during the 1Q25 earnings call, the CEO reaffirmed his commitment to the Company’s long-standing objective of enhancing shareholder value by securing a listing on a major U.S. exchange such as Nasdaq or the NYSE.

    Several potential paths to listing were outlined, including a secondary listing and reverse takeover structures. The CEO noted that the reverse takeover market in the U.S. is currently active, offering a range of options—from legacy listed entities seeking a strategic reset to clean shells, with or without available cash.

    CoinShares’ strong earnings and robust margins provide meaningful strategic flexibility. At this stage, the Company remains focused on completing its PCAOB historical audit, which is the primary gating item for any U.S. listing initiative.

    About CoinShares

    CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:30 BST on Monday, 2 June 2025.

    The MIL Network –

    June 2, 2025

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 22

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 27 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    2 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 22

    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 22:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 6,326,466 226.7928 1,434,796,980
    26 May 2025 51,000 255.0470 13,007,397
    27 May 2025 49,795 253.3644 12,616,280
    28 May 2025 50,000 250.4486 12,522,430
    29 May 2025      
    30 May 2025      
    Total accumulated over week 22 150,795 252.9667 38,146,107
    Total accumulated during the share buyback programme 6,477,261 227.4022 1,472,943,087

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.776% of Danske Bank A/S’ share capital.

    Danske Bank

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

    Attachment

    • Danske Bank Template Company announcement UK

    The MIL Network –

    June 2, 2025
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