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Category: Finance

  • MIL-OSI: LPL Financial Welcomes PCC Wealth Partners

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Duane Dollar, CFP®, ChFC®, CASL®, and Phillip Owens, MBA, CFP®, CRPC™, RICP®, APMA™, have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms to launch PCC Wealth Partners. The team reported serving approximately $315 million in advisory, brokerage and retirement plan assets* and joins LPL from Ameriprise.

    Based just outside of Houston in The Woodlands, Dollar and Owens have built a reputation for delivering customized investment strategies and an elevated client experience since teaming up in 2016. With nearly 50 years of combined industry experience, the pair take a holistic approach to helping their clients — most of whom are nearing or in retirement — plan for the next phase of their fiscal futures. The firm’s name is an acronym for “principles, care and comprehensive approach,” which the team uses as a guidepost to provide a truly integrated experience for their clients.

    “When meeting with new clients, we are usually asked the same question: ‘Do we have enough to do what we want in life?’ As financial advisors, our job is to help answer that question,” Dollar said. “We do that by taking the time to really understand our clients’ unique goals. We also provide them with a financial education so they can take an active role in the process of putting together a tailored plan.”

    Looking for more freedom, flexibility and a new partner to help them grow their practice, Dollar and Owens turned to LPL Financial.

    “We have found LPL to be the most professional and upright firm in this business, and our transition team is incredible. I have never felt more equipped to join any firm than I am right now,” Dollar said. “When I turned 40, I asked myself where I wanted to be when I turned 50, and I knew the answer included ownership, autonomy and flexibility. Making this move to LPL was the right choice for our business and our clients.”

    Owens added, “This industry is changing faster than ever before, and I see this move to LPL as my greatest opportunity to regain my independence and to get back to the reasons I got into the financial industry in the first place — entrepreneurship and the ability to help my clients safeguard their fiscal futures.”

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome Duane and Phillip and congratulate them on the move to independence. With more freedom and flexibility, financial advisors who choose LPL can work more effectively, run thriving practices and create value for their clients. We look forward to supporting PCC Wealth Partners for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. PCC Wealth Partners and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated as reported to LPL

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #737941

    The MIL Network –

    May 21, 2025
  • MIL-OSI: Only 1 in 100 insurers say Claims-Finance Collaboration is “highly effective”, new research by Vitesse finds

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — Vitesse, the trusted financial infrastructure connecting the global insurance ecosystem, today released a new research report:

    The State of Claims Finance: Tackling Roadblocks in Payments, Liquidity and Financial Coordination. Based on insights from more than 200 senior insurance professionals across the US and UK, the report finds that:

    Key Findings:

    • Collaboration gaps: Only 1% of insurers rate collaboration between claims and finance teams as “highly effective,” exposing persistent silos that undermine payment accuracy, reconciliation, and financial oversight.
    • Disbursement delays: 79% of insurers cite internal process complexity, and 78% say coordination with brokers, TPAs, or banks creates friction – slowing the final step of delivering funds to claimants.
    • Liquidity bottlenecks: 66% of respondents say accessing readily available funds is a challenge, rising to 74% in the US – limiting their ability to settle claims efficiently and manage capital proactively.
    • Data shortfall: 44% report data inconsistencies, while 41% cite a lack of transparency between departments – making it harder to coordinate disbursements and reconcile financial flows across systems and teams.
    • Visibility issues: Only 32% of finance leaders say they have visibility into delegated claims funds, highlighting a critical blind spot in how insurers track, monitor and control distributed capital.

    The report uncovers significant operational and infrastructure challenges behind the flow of claims funds. While many insurers are investing in front-end transformation, the financial coordination underpinning payments remains fragmented – slowing disbursements, increasing risk, and limiting visibility across internal teams and external partners.

    “Many insurers are doing the right things, but they’re doing them on top of disconnected infrastructure,” said Philip McGriskin, CEO and founder of Vitesse. “When teams, systems, and partners lack shared visibility and control, friction becomes inevitable. The shift from fragmented workflows to unified financial infrastructure is becoming a strategic priority for insurers modernizing their operations. Claims finance can’t stay buried in the back office — it needs to become a driver of capital efficiency and trust.”

    Many of these challenges are consistent across the globe, but some notable regional distinctions do exist. US-based treasury leaders placed greater emphasis on governance and compliance, with 37% naming it a top priority compared to 22% in the UK. Access to liquidity also emerged as a sharper concern in the US, where 74% report challenges accessing readily available funds, versus 58% in the UK.

    “The US market is feeling the pressure of operational complexity – especially when it comes to compliance, oversight and managing funds across multiple partners,” said Curt Hess, President of Vitesse (US). “What stood out in the data is that US insurers are more likely to prioritize governance and control. That’s a reflection of real-world friction – complex regulation, decentralized systems and growing demands on finance teams. What they need now is infrastructure that brings clarity and control to the complexity. As claims ecosystems grow more complex, and regulatory pressure mounts, the ability to access, see and move funds quickly will define the next generation of performance.”

    This report is released as Vitesse expands its US presence – most recently through the launch of Vitesse Trust Company, a New York-regulated entity helping insurers optimize claims funds with real-time clarity and control.

    Notes to Editors

    About the Research:
    The findings are based on a quantitative survey of 213 senior insurance professionals across the US and UK, conducted in Q1 2025. Respondents included leaders from carriers, MGAs, TPAs, and brokers, with roles spanning claims, finance, and treasury functions. The full report, The State of Claims Finance: Tackling Roadblocks in Payments, Liquidity and Financial Coordination, is available to download at: https://www.vitesse.io/claims-finance-research-report-2025?utm_source=XXXX&utm_medium=XXX&utm_campaign=claimsfin_report

    About Vitesse
    Vitesse is the trusted financial infrastructure connecting the global insurance ecosystem. Purpose-built for the industry, Vitesse provides insurers, brokers, MGAs, and TPAs with a unified platform for claims funds optimization, real-time global payments, and end-to-end financial control. To date, Vitesse has facilitated $20 billion in payments across 200+ countries and currencies, and has returned hundreds of millions in claims funds to insurers’ balance sheet. 

    Licensed by the FCA in the UK and DNB in Europe, Vitesse also operates Vitesse Trust Company, LLC, which is regulated by the New York State Department of Financial Services (NYDFS). In 2024, Vitesse secured $93 million in Series C funding led by KKR. 

    For more details, visit https://www.vitesse.io/ 

    Press contact
    Priya Bilkhoo
    Account Director
    vitesse@rostrum.agency

    The MIL Network –

    May 21, 2025
  • MIL-OSI: XRP News: Buy $XDX Now as XenDex Prepares for First Security Audit and Unveils Platform Mockup

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 20, 2025 (GLOBE NEWSWIRE) — With XRP’s bullish momentum driving renewed investor interest across the industry, XenDex is quickly emerging as the most anticipated DeFi platform on the XRP Ledger and its next milestones are just around the corner.

    As of today, the $XDX presale has successfully filled its soft cap, and now with the hard cap nearly complete, investor demand is pushing XenDex into its final phase. This is the last window of opportunity to buy $XDX before listings go live and prices move higher.

    Join XenDex Presale

    XenDex is currently developing its Version 1 all-in-one decentralized exchange, designed to fill the long-standing DeFi gaps on XRPL. In the coming days, XenDex will unveil its full platform mockup, offering the public a visual preview of how its core features will function together in a single, sleek user interface.

    These features include:

    • AI Copy Trading
    • Non-Custodial Lending & Borrowing
    • Cross-Chain Trading with networks like Solana, BNB Chain, and Ethereum
    • Staking & Yield Farming
    • DAO Governance using $XDX

    Additionally, XenDex has announced that its first independent security audit is set to begin shortly, reinforcing its commitment to transparency, platform integrity, and long-term safety for users.

    Final Stage of Presale Now Live

    • Soft Cap: Filled
    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy $XDX Before It Sells Out

    $XDX Exchange Listings Confirmed

    Post-presale, $XDX will be listed on:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    With the SEC lawsuit against Ripple officially withdrawn, the XRP market is heating up and XenDex is positioned at the center of its next evolution.

    Join the XenDex Movement

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3282b085-9fa4-46cb-a01a-a044dd93ff32

    The MIL Network –

    May 21, 2025
  • MIL-OSI: Kinetic Seas Launches KineticMD, a New In-Office AI Assistant for Physicians, and Enters Licensing Agreement with ABBSI for Initial Deployment in Longevity Medicine

    Source: GlobeNewswire (MIL-OSI)

    SCHAUMBURG, Ill., May 20, 2025 (GLOBE NEWSWIRE) — Kinetic Seas Incorporated (OTCQB: KSEZ), an emerging provider of secure AI systems for healthcare and enterprise environments, is proud to announce the launch of KineticMD, an advanced large language model (LLM) platform designed for in-office use by physicians and medical professionals. Unlike cloud-based AI tools, KineticMD runs entirely on-site, ensuring that sensitive patient data remains local, private, and fully under the control of each clinic.

    KineticMD was co-developed with longevity physician Dr. Sasoon Moulavi, MD and has been initially licensed to the Age – Body – Brain – Stamina Institute (ABBSI). ABBSI is a private medical institute focused on advanced longevity treatments and personalized patient care, with a reputation for integrating cutting-edge diagnostics and protocols in elite wellness programs. This first deployment focuses on longevity medicine, providing doctors with a secure, AI-powered assistant that helps optimize patient treatment protocols without ever sending data to third-party servers. Future specialty modules are already in development for sports medicine, diet and weight loss, and other targeted areas.

    Built from open-source foundations and optimized for regulatory environments, KineticMD empowers physicians to benefit from the speed and intelligence of LLMs without sacrificing privacy or compliance. This makes it ideal for use in concierge medicine, clinical practices, legal offices, and other sectors where data control is non-negotiable.

    “We believe the future of medical AI is local,” said Edward Honour, CEO of Kinetic Seas. “The ABBSI partnership is just the beginning. We expect to train KineticMD assistants across multiple specialties, creating tailored, on-site AI that can support doctors with research, diagnosis, and workflow enhancement—without compromising on data integrity.”

    KineticMD is offered through a licensing model that includes the proprietary software and localized hardware, with additional revenue generated through implementation support and specialty fine-tuning. The company projects approximately $5–10 million in annual revenue from its first contract with ABBSI, demonstrating the strong commercial potential of the platform.

    Kinetic Seas believes AI will play a transformative role in elevating the standard of care across the U.S. healthcare system in the coming years. With the launch of KineticMD, the company is establishing itself as a leader in secure, domain-specific AI, empowering physicians to deliver better outcomes through personalized, intelligent, and private in-office tools.

    About Kinetic Seas
    Kinetic Seas (OTCQB: KSEZ) is an artificial intelligence company specializing in secure, on-premise solutions built on open-source large language models. Headquartered in Schaumburg, Illinois, Kinetic Seas provides AI systems, consulting, and educational support for professionals in healthcare, legal, and enterprise IT. The company’s mission is to deliver compliant, high-performance AI tools that safeguard data and drive innovation where it matters most.

    Forward-Looking Statements
    This press release contains statements that constitute ‘forward-looking statements.’ The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the company’s control, including those set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the ‘SEC’) on April 24, 2025, and any other SEC filings, as amended or updated from time to time. Copies of the Company’s filings with the SEC are available on the SEC’s website at www.sec.gov/edgar/searchedgar/companysearch. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Kinetic Seas Incorporated (OTCQB: KSEZ) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com.

    http://www.otcmarkets.com/stock/KSEZ/quote

    Media Contact:
    Jeffrey Lozinski
    Chief Operating Officer, Director
    Kinetic Seas Incorporated
    Email: jlozinski@KineticSeas.com
    Phone: 888-901-8806

    Company Contact Information:
    Kinetic Seas Incorporated
    1501 Woodfield Rd, Suite 114E
    Schaumburg, IL 60173
    www.kineticseas.com

    The MIL Network –

    May 21, 2025
  • MIL-OSI: Bitcoin Solaris Presale Surges as Mobile Mining Revolution Gains Momentum

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 20, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris is gaining rapid traction in the crypto community as its presale advances with impressive momentum. With over $1 million raised and more than 8,900 early adopters already on board, BTC-S is emerging as one of 2025’s most talked-about projects. The presale is set to end on July 31, 2025, creating a limited window for entry before the launch price climbs to $20.

    A New Era of Crypto Access: Powered by Mobile Mining

    At the core of Bitcoin Solaris is a groundbreaking approach to accessibility. Through the Solaris Nova App—now in beta for community testers—anyone can mine BTC-S directly from their smartphone, laptop, or web browser. No complex rigs, no expensive GPUs—just a single tap.

    Key benefits of the Bitcoin Solaris ecosystem include:

    • Mobile-first mining that works on Android, iOS, desktop, and browsers
    • 10,000 transactions per second (TPS) with 2-second finality
    • Hybrid PoW + DPoS architecture for top-tier speed and energy efficiency
    • 99.95% less energy usage than traditional Bitcoin mining
    • Smart contracts audited by Cyberscope and Freshcoins
    • KYC verified by Freshcoins

    Beta App Already Live

    The Solaris Nova App is already in use, providing early participants with hands-on access to one-click mining, a built-in wallet, energy-saving modes, and intuitive tutorials for beginners. This live, working product underlines the project’s readiness and long-term viability.

    Crypto influencer CryptoChester recently reviewed the project, detailing why it may become one of the biggest crypto stories of the year—and he’s not alone. Telegram groups and Twitter threads are buzzing, and you can follow the action on Telegram and X.

    Presale Frenzy: The Window Is Open, But Not for Long

    The Bitcoin Solaris presale is what’s turning heads—because it’s not just big… it’s explosive.

    Presale Snapshot

    • Current Price: $4
    • Next Phase: $5
    • Launch Price: $20
    • Presale Ends: July 31, 2025

    Investors joining now have the opportunity to get in before the next price increase, with potential gains of up to 1,900% by launch.

    The Easiest Way to Start Building Crypto Wealth

    Community Growth Through Double Referral Program

    Bitcoin Solaris is also fueling community growth through its Double Rewards Referral Program:

    • Referrers earn 5% in BTC-S tokens instantly
    • New users receive a 5% bonus on their contributions
    • No delays, no paperwork—fully automated payouts

    This referral structure is driving viral expansion, with influencers, content creators, and crypto newcomers sharing and benefiting alike.

    Built for Everyone—Not Just Whales

    Bitcoin Solaris is designed with inclusivity in mind. Whether you’re new to crypto or a seasoned investor, BTC-S makes mining and holding tokens simple and sustainable.

    The app supports:

    • Smartphones (iOS & Android)
    • Laptops & desktops
    • Mining rigs and GPUs
    • Web browser-based mining

    Don’t Miss the Moment

    Bitcoin Solaris is more than a presale—it’s a movement toward democratizing crypto wealth creation. With a working app, proven infrastructure, and an inclusive vision, BTC-S is shaping up to be one of the most promising crypto launches of the year.

    Join the presale before it ends July 31, 2025.

    Learn More:

    Website: https://www.bitcoinsolaris.com/

    Telegram: https://t.me/Bitcoinsolaris

    X (Twitter): https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

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

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

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/38d4ef47-317c-4862-b880-4751117c7cd3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/40acd25c-2a2d-413d-b2fc-f0a7d32979e2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d2c24268-9acb-4735-aeb5-291e9c2c2edc

    The MIL Network –

    May 21, 2025
  • MIL-OSI Africa: Professor Benedict Oramah honoured with Chad’s prestigious ‘Commander of the National Order of Chad’ award

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

    N’DJAMENA, Chad, May 20, 2025/APO Group/ —

    The President of the Republic of Chad, His Excellency Mahamat Idriss Déby Itno, has conferred on President and Chairman of the Board of Directors at African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Professor Benedict Oramah, the prestigious national honours award of Commander by appointing him to the National Order of Chad, under the Ministry of Finance, Budget, Economy, Planning and International Cooperation, for his`1yyyyh outstanding contributions to the Chadian and African economies.

    The rank of Commander (Commandeur) is a high distinction within this order, reflecting significant and sustained achievements while the National Order of Chad is a prestigious state honour awarded by the Republic of Chad to recognize exceptional service or contributions to the nation.

    Reflecting on Chad’s 2022 political transition, President Idriss Derby Itno, expressed profound gratitude to Prof. Oramah and Afreximbank for standing with the country. He noted, “When other international lenders fled at the height of the unfortunate socio-political conflicts, Afreximbank stood firmly behind our country, continuing to push vital investments that now underpin the rapid socioeconomic recovery of our nation.”

    While acknowledging the award, Professor Oramah said: “This honour is not just a recognition of my efforts, but a testament to the collective resolve of Afreximbank and its partners to transform Chad’s economy and empower its people. While I am deeply humbled by this honour, it is a call to duty. It was a reminder to the Bank to do even more to accelerate the structural transformation of the Chadian and the wider African economies.”

    Chad became a member state of Afreximbank during the 36th African Union Summit where Afreximbank pledged to support strategic development projects in agriculture and livestock, two key pillars of Chad’s economy, to drive sustainable growth and economic diversification.

    Afreximbank reaffirms its unwavering commitment to advancing Chad’s economic development through targeted investments, trade facilitation, and institutional capacity-building, ensuring shared prosperity and resilience in the years ahead.

    MIL OSI Africa –

    May 21, 2025
  • From Muridke to Bahawalpur: The revolving-door terror networks of Pakistan

    Source: Government of India

    Source: Government of India (4)

    Operation Sindoor, launched by India on the night of 6–7 May to punish the terror masterminds and operatives based in Pakistan who were responsible for the Pahalgam terror incident, significantly destroyed the Lashkar-e-Taiba headquarters in Muridke and the Jaish-e-Muhammad headquarters at Bahawalpur in Pakistan’s Punjab province.

    In the heinous terror incident of 22 April in Pahalgam, a group of terrorists, including two Pakistanis, killed 26 civilians. The strike drew widespread condemnation around the world.

    In a swift surgical strike, carried out with precision bombing, nine major terror camps—including those at Muridke and Bahawalpur, were hit hard, inflicting grave damage on Pakistan’s terror infrastructure. Acting on intelligence inputs to avoid collateral damage, the planners selected targets away from civilian areas.

    Although the operation focused only on terror facilities and not Pakistani military installations, Pakistan’s long record of using terrorism as state policy, and of nurturing such groups, casts a shadow of dubious diplomacy. In effect, external terrorism remains an inseparable political tool in Pakistan’s geopolitical strategy.

    Sanctions, Leadership, and the Survival Playbook of Pakistan-Based Terrorist Groups

    Three Pakistan-rooted terrorist organisations dominate violence directed at India, particularly Jammu & Kashmir: Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM) and Hizbul Mujahideen (HM). These organisations are outlawed in India and, and in many other countries across the world, including global organisations like the United Nations. They are designated Foreign Terrorist Organisations (FTOs) by the United States, and both LeT and JeM are proscribed even in Pakistan. Their leaders are blacklisted and their bank accounts and assets frozen.

    Yet they endure. Their secret lies in a nimble ability to shed one skin and grow another: when a parent body is proscribed, a “charity”, “relief trust” or freshly minted political outfit swiftly takes its place.

    The pattern is starkest in the case of Sajid Mir, the Lashkar commander who masterminded the 2008 Mumbai attacks. For years, Islamabad insisted he was either dead or untraceable; only when the Financial Action Task Force (FATF) threatened economic pain did the authorities quietly arrest and convict him, on the safer charge of terror financing rather than mass murder. His story captures both the power, and the limits, of external pressure on Pakistan’s counter-terrorism calculus.

    A quick glance at the ban record

    Organisation

    Proscribed in Pakistan

    UN designation

    US FTO designation

    Lashkar-e-Taiba

    Jan 2002

    2 May 2005

    26 Dec 2001

    Jaish-e-Mohammed

    Jan 2002

    17 Oct 2001

    26 Dec 2001

    Hizbul Mujahideen

    ———

    ——-

    16 Aug 2017

    FTO – Foreign Terrorist Organisation

    Lashkar-e-Taiba

    Founded in the late 1980s by Hafiz Muhammad Saeed, LeT styled itself the “Army of the Pure”, determined to wrest Kashmir, and ultimately the whole of India, for Pakistan, and establish a Muslim caliphate across the sub-continent. Its signature atrocities include the 2001 attack on India’s Parliament, the 2006 Mumbai train bombings, and, most infamously, the three-day siege of Mumbai in November 2008 that left 166 people dead.

    Pakistan banned LeT in January 2002, but the movement simply morphed into Jamaat-ud-Dawa (JuD), already registered as a charity. When JuD itself came under pressure, fund-raising flowed through the Falah-e-Insaniat Foundation (FIF), Idara Khidmat-e-Khalq, Al-Anfal Trust, and a growing list of anodyne-sounding fronts. Newer offshoots, such as The Resistance Front (TRF), dispense with overt religious branding altogether, making them harder to flag under existing sanctions.

    Saeed’s own journey mirrors that agility. Detained, placed under house arrest, and released several times, he was finally handed a 78-year jail term in 2020, largely under FATF pressure. A US$10 million American reward for information leading to his conviction still stands, but few believe he will ever face trial for the Mumbai carnage.

    Jaish-e-Mohammed

    JeM sprang to life in early 2000 when Masood Azhar called for jihad in Kashmir. Within two years Islamabad had proscribed JeM, yet the group enjoyed a rebirth as Khuddam-ul-Islam and, when that alias fell, as the “charitable” Al-Rehmat Trust.

    Azhar’s personal freedom tells its own tale. Detained and under house arrest between December 2001 and December 2002, with Pakistan failing to charge him for the 2001 Parliament attack, he was reportedly confined again after the 2008 Mumbai attacks, only to “vanish” from public view. In 2019 China finally lifted its veto against listing him at the United Nations, but no Pakistani court has yet secured a conviction.

    Hizbul Mujahideen

    HM’s current chief, Syed Salahuddin, continues to broadcast from Muzaffarabad, calling for Kashmiri accession to Pakistan. The United States declared him a Specially Designated Global Terrorist (SDGT) in 2017 and, weeks later, branded HM itself an FTO. Islamabad’s stance remains ambiguous: a 2003 promise to ban the group was never codified; Salahuddin moves unimpeded in Pakistan-administered Kashmir, granting interviews in which he vows fresh attacks on Indian targets.

    The terror leaders at a glance

    Name

    Group

    UN listing

    US sanctions

    Present status

    Hafiz Muhammad Saeed

    LeT

    10 Dec 2008

    SDGT (May 2008) – USD 10 m bounty

    Serving 78-year term for terror financing

    Masood Azhar

    JeM

    1 May 2019

    SDGT (Nov 2010)

    At large; whereabouts officially “unknown”

    Syed Salahuddin

    HM

     

    SDGT (Jun 2017)

    Operates openly in PoK

    Sajid Mir

    LeT

     

    SDGT (Aug 2012) USD 5 m bounty

    Jailed 2022 for 15½ years on financing charges

     

    Sajid Mir: the man Islamabad declared dead — until it didn’t

    Investigators have long described Sajid Mir as the linchpin of the 2008 Mumbai plot. He recruited David Headley, bank-rolled Headley’s “immigration consultancy” cover in Mumbai, and calmly instructed the gunmen by telephone as the massacre unfolded.

    In 2011 a Chicago grand jury indicted Mir for the Mumbai attack. The United States posted a $5 million reward and, in 2012, the US Treasury designated him an SDGT. When queried, Pakistan first claimed Mir could not be traced; later, policy-makers upgraded his status from “absconding” to “confirmed dead”. Nevertheless, successive US reports on terrorism insisted that Mir was in Pakistan.

    In 2022, under FATF pressure, Mir was quietly arrested; in May 2022, a terrorism court sentenced him to 15½ years’ imprisonment. Tellingly, the conviction was for LeT financing, not for masterminding the 26/11 massacre. The timing is clear: Pakistan needed to exit FATF’s “grey list” and duly showcased Mir’s conviction at the watchdog’s plenary.

    Why the bans keep failing

    • Front-of-house charities – Outfits such as JuD, FIF and Al-Rehmat Trust cloak terrorist networks in a veneer of benevolence, complicating the task for regulators and donors alike.
    • Selective enforcement – Convictions arrive only when outside pressure peaks. Saeed’s 2020 sentence, Mir’s 2022 volte-face and the re-banning of JuD and FIF in 2019 all coincided with looming FATF deadlines or worldwide outrage after high-profile attacks. Almost immediately, JuD and FIF adopted yet new identities, continuing their radical activity.
    • Strategic utility – Groups focused on Kashmir retain value for elements within Pakistan’s security establishment; leaders deemed “assets” are seldom pursued with vigour.
    • Name-change game – Each new alias restarts the bureaucratic clock. By the time the UN or Washington designates a fresh front, funds and recruits have already flowed through it — and on to the next incarnation.

    International sanctions, UN blacklists and FATF scrutiny Grey List are not without effect: they put a break on external money flow to the country, freeze bank accounts of terror groups and terrorists, hinder travel, and, in Saeed’s and Mir’s cases, produce prison terms.

    Yet the record that Pakistan maintains reveals a pattern of grudging, piecemeal compliance rather than wholesale dismantling of terrorist infrastructure. Saeed and Mir were jailed on diluted charges, not for the killings they engineered.

    So long as terrorist leaders calculate that they can outwait external pressure; so long as charitable facades provide a revolving door back into business; and so long as the state continues to believe in the notion of “good versus bad” terror, outfits such as Lashkar-e-Taiba, Jaish-e-Mohammed and Hizbul Mujahideen will remain in play.

     

    May 21, 2025
  • MIL-OSI: Best Tribal Loans for Bad Credit: Low Credit Finance The Easiest Tribal Loans to Get with Guaranteed Approval from Direct Lenders Online

    Source: GlobeNewswire (MIL-OSI)

    CHAMPLAIN, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — If you’ve been searching for the best tribal loans for bad credit, you’re not alone. Many Americans face financial challenges that make it hard to qualify for traditional loans, but tribal loans offer a promising alternative. Known for being some of the easiest tribal loans to get, these loans are increasingly popular because they come with fewer requirements, fast approval, and sometimes no credit check at all.

    In this guide, you’ll discover everything about tribal loans direct lender guaranteed approval programs, how to apply for tribal loans online, and why $500 tribal installment loans direct lenders only can be the right fit for your financial emergency. We’ll also cover the differences between tribal payday loans and installment loans, and explain how tribal loans no credit check options work.

    APPLY NOW FOR THE EASIEST TRIBAL LOANS TO GET WITH GUARANTEED APPROVAL!

    What Are Best Tribal Loans for Bad Credit and How Do They Work?

    Tribal loans are unique because they’re offered by lenders operating under Native American tribal sovereignty, meaning they follow tribal laws rather than state regulations. This allows them to provide loans with more flexible terms, making them ideal for people who need the best tribal loans for bad credit or simply want quick access to funds.

    These loans are some of the easiest tribal loans to get because they don’t rely heavily on credit scores. Instead, they focus on your income and ability to repay, which is why many borrowers find success with tribal loans direct lender guaranteed approval programs.

    Why Choose Tribal Loans Online?

    Applying for tribal loans online has never been easier. Many platforms, like Low Credit Finance, offer a streamlined online application process for tribal loans direct lender guaranteed approval. This means you can apply from anywhere, at any time, without dealing with complicated paperwork or in-person visits.

    Because tribal loans online are connected directly to tribal lenders, they provide fast funding—often the same day or next business day—which is crucial when you need emergency cash quickly.

    $500 Tribal Installment Loans Direct Lenders Only

    If you need a manageable loan amount, $500 tribal installment loans direct lenders only programs might be your best option. These loans allow you to borrow $500 or more with flexible repayment schedules, making it easier to fit payments into your monthly budget.

    Many direct lenders specializing in these loans offer tribal loans no credit check, so your poor credit won’t hold you back. Plus, installment loans provide more structure than tribal payday loans, which usually require a lump-sum repayment on your next paycheck.

    LOOKING FOR $500 TRIBAL INSTALLMENT LOANS DIRECT LENDERS ONLY?

    Benefits of Tribal Loans No Credit Check

    • Higher approval chances for bad credit: Many tribal lenders accept credit scores well below what traditional banks require.
    • Fast processing and funding: Some tribal loans fund the same day or next business day.
    • Simpler application: Less paperwork and easier qualification standards.
    • Flexible repayment terms: Some lenders offer installment loans with longer repayment periods.

    The downside? Tribal loans generally come with higher interest rates—sometimes much higher than conventional loans. This is the cost of convenience and fast access to funds. We’ll talk more about risks later so you can borrow wisely.

    One of the easiest and most trusted ways to get tribal loans is through Low Credit Finance. This online service connects you directly with a network of tribal lenders offering loans from $500 up to $10,000. What makes Low Credit Finance stand out is its simple application process, quick approval, and guaranteed approval even if your credit score is low.

    Why choose Low Credit Finance?

    • No credit check required: Your credit score won’t hold you back.
    • Loan approval even with scores as low as 550: Traditional lenders usually require 620 or higher.
    • Multiple loan options: From emergency payday loans to longer installment loans.
    • Fast funding: Many borrowers get money as soon as the next business day.
    • Flexible repayment terms: Choose a payment plan that fits your budget, often between 6 and 36 months.

    GET INSTANT ACCESS TO TRIBAL PAYDAY LOANS WITH NO CREDIT CHECK—APPLY ONLINE IN MINUTES!

    Who Can Benefit Most from Tribal Loans?

    Tribal loans are especially helpful for:

    • People with bad or poor credit who have been denied elsewhere
    • Those facing urgent cash needs without time for long approvals
    • Borrowers who want transparency and clear loan terms
    • Anyone who prefers the ease of applying online without visits to a physical location

    How Do Tribal Loans Work? The Application Process Explained

    Getting a tribal loan through Low Credit Finance or similar platforms is straightforward:

    1. Complete a quick online application: It usually takes 5-10 minutes and asks for basic information like your income, bank account, and ID.
    2. Instant decision: Many lenders provide near-instant approvals, so you’re not left waiting.
    3. Review and accept the loan terms: Make sure you understand the interest rate, repayment schedule, and fees.
    4. Get your funds: If you accept, the money can be transferred to your bank account as soon as the next business day.

    You can use these loans for nearly any legitimate expense—medical bills, car repairs, home improvements, debt consolidation, or unexpected emergencies.

    No Credit Check and No Teletrack Explained

    Two big reasons tribal loans are popular with bad credit borrowers are the no credit check and no Teletrack features.

    • No credit check means the lender won’t perform a hard inquiry on your credit report, which can lower your credit score. Instead, they may do a soft check or focus more on your income and banking history.
    • No Teletrack means the lender doesn’t check Teletrack, a special credit reporting service that tracks payday loans and other alternative financial services. This is great for people who have negative payday loan histories.

    WANT A LOAN WITHOUT A CREDIT CHECK OR TELETRACK? APPLY NOW TO ACCESS TRIBAL LOANS WITH NO CREDIT CHECK

    How to Get Approved for Tribal Loans Direct Lender Guaranteed Approval

    When searching for tribal loans direct lender guaranteed approval, there are simple eligibility requirements that can improve your chances:

    • Be at least 18 years old
    • Have a stable income (usually $1,000+ monthly)
    • Maintain an active checking account
    • Provide valid government-issued ID

    Meeting these basic criteria makes you a strong candidate for best tribal loans for bad credit with guaranteed approval, especially through direct lender platforms that offer tribal loans online.

    Types of Tribal Loans You Can Get

    1. Tribal Payday Loans:
      • Small, short-term loans (usually $100 to $1,500)
      • Repayment typically required on your next payday (2-4 weeks)
      • High interest rates
      • Best for immediate, short-term cash needs
    2. Tribal Installment Loans:
      • Loans from $500 up to $10,000 or more
      • Repayment over months or years (6 months to 3 years)
      • Fixed monthly payments
      • More manageable for larger or longer-term expenses
    3. Personal Loans:
      • Versatile loans that can be used for many purposes like home renovations or debt consolidation
      • Often have slightly lower interest rates than payday loans
      • Longer repayment terms and higher loan limits

    Bad Credit and How It Affects Loan Approval

    Credit scores range from 300 to 850, and are usually classified as:

    • Excellent: 750+
    • Good: 700-749
    • Fair: 650-699
    • Poor: 600-649
    • Bad: Below 600

    Having bad credit doesn’t mean you’re irresponsible. It can be caused by many things such as medical emergencies, job loss, divorce, identity theft, or minor financial mistakes.

    CREDIT ISSUES? FIND LOAN SOLUTIONS THAT WORK FOR YOU

    How bad credit impacts loan approval:

    • Automatic denial by traditional lenders
    • Higher interest rates on approved loans
    • Lower loan amounts
    • Stricter repayment terms
    • Requirements for collateral or cosigners

    Why Borrowers Love the Easiest Tribal Loans to Get

    People turn to the easiest tribal loans to get because:

    • They’re accessible even with low credit scores
    • They offer fast approval and funding
    • Minimal paperwork and no in-person visits required
    • Flexible loan amounts from $500 to $10,000
    • Ability to use loans for various emergencies, including medical bills, car repairs, or debt consolidation

    With options like $500 tribal installment loans direct lenders only and tribal payday loans, you have a range of choices to fit your financial needs.

    Important Things to Consider Before Taking a Tribal Loan

    While tribal loans are convenient, there are important risks:

    • High interest rates: APRs can be several hundred percent.
    • Limited regulation: Tribal lenders are exempt from some state consumer protection laws.
    • Automatic withdrawals: These loans often use automatic payments, which can lead to overdraft fees if your account doesn’t have enough money.
    • Debt cycles: High fees and easy access can trap borrowers in ongoing debt.
    • Limited legal recourse: Disputes may have to be handled in tribal courts, which can be more complicated.

    GET ALL THE DETAILS ON TRIBAL LOANS AND CHOOSE THE BEST OPTION FOR YOU!

    How to Increase Your Chances of Getting Approved

    • Double-check your application for accuracy and completeness
    • Borrow only what you really need and can afford to repay
    • Provide all required documentation on time
    • Consider a cosigner if possible
    • Apply during regular business hours for quicker manual reviews

    Tribal Payday Loans vs. Installment Loans: What’s Right for You?

    Both tribal payday loans and installment loans serve different needs:

    • Tribal payday loans are small, short-term loans that must be repaid quickly—typically within 2-4 weeks. They’re known for their high interest rates and are best for urgent, small cash needs.
    • Installment loans, such as the popular $500 tribal installment loans direct lenders only, offer longer repayment periods (6 months to 3 years) with fixed monthly payments, giving you more control and less financial pressure.

    Where to Find Legitimate Tribal Loans?

    It’s important to avoid scams. Trusted platforms like Low Credit Finance help connect you with real tribal lenders that operate under tribal sovereignty and follow transparent lending practices.

    SEARCHING FOR TRIBAL LOANS? CHOOSE REPUTABLE LENDERS AND SECURE YOUR LOAN WITH CONFIDENCE.

    Features of Low Credit Finance:

    • Loan amounts from $100 to $15,000
    • Network of tribal and non-tribal lenders
    • Quick 5-minute online application
    • Acceptance of all credit types
    • Potential for same-day funding
    • Secure, encrypted process

    Final Thoughts: Finding the Best Tribal Loans for Bad Credit with Guaranteed Approval

    Whether you need tribal payday loans for a quick cash boost or $500 tribal installment loans direct lenders only for a more manageable repayment plan, tribal loans offer a lifeline to those with credit challenges. By choosing tribal loans direct lender guaranteed approval services online, you simplify the process and increase your chances of success.

    Remember, the best tribal loans for bad credit are those that balance ease of access with fair terms and transparent conditions. Platforms like Low Credit Finance can connect you with reputable tribal lenders offering some of the easiest tribal loans to get, even if your credit is less than perfect.

    GET THE SUPPORT YOU NEED WITH GUARANTEED APPROVAL TRIBAL LOANS

    Frequently Asked Questions

    What is the easiest tribal loan to get?
    Low Credit Finance is one of the easiest tribal loan platforms with high approval rates and minimal requirements.

    Can I get a loan without a credit check?
    Yes, some tribal lenders offer loans without hard credit checks, focusing on income verification instead.

    Can I get a loan with a 450 credit score?
    Some tribal lenders do approve loans for very low credit scores, but expect higher interest rates.

    Can you get a loan without your credit being pulled?
    Yes, many tribal loans only perform soft credit checks or verify income and banking details.

    How do I get a loan with bad credit?
    Look for lenders who prioritize income over credit history, consider cosigners or collateral, and apply through platforms specializing in bad credit loans.

    Company Name: Low Credit Finance
    Website: lowcreditfinance.com
    Contact Person: Ken Crites
    Email: support@lowcreditfinance.com
    Address: 102 W Service Rd, Apt 820, Champlain, NY 12919, USA
    Phone: (518) 555-0192

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Tribal loans often come with high interest rates and fees, so it’s important to carefully review all terms and conditions before borrowing. Borrow responsibly and consider all your options. Approval is not guaranteed, and loan availability may vary based on lender policies and your individual circumstances. Always use trusted and reputable lenders.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4acff96-32d2-4a08-bde6-803cb53eb70c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/75062450-6fa1-4c9b-a89a-810e98de39e6

    The MIL Network –

    May 21, 2025
  • MIL-OSI: NANO Nuclear and MIT’s Department of Nuclear Science and Engineering Launch Advanced Irradiation Study to Investigate Salt-Based Thermal Storage for Nuclear Applications

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”), a leading advanced nuclear technology and energy company, today announced the launch of a major irradiation testing program in collaboration with the Massachusetts Institute of Technology (MIT) Department of Nuclear Science and Engineering. The two-year collaboration will investigate the thermal and radiolytic behavior of nitrate molten salts, commonly referred to as “solar salts”, to assess their viability in advanced nuclear energy systems for thermal energy storage and cooling applications.

    Funded by NANO Nuclear through over $500,000 of research and development investment, the work will be conducted under the supervision of Prof. Koroush Shirvan, Principal Investigator and a leading expert in nuclear systems engineering. The research will focus on the of salt materials subjected to gamma irradiation using MIT’s Gammacell 220F Co-60 irradiator—ensuring a safe, precisely controlled, and highly instrumented test environment.

    “We are proud to support this world-class irradiation study at MIT,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Understanding how molten salts perform under radiation is essential to unlocking next-generation reactor designs, and this facility gives us the capabilities to do that without the use of any nuclear materials.”

    While molten nitrate salts are widely used in solar thermal energy systems, the knowledge of these materials’ behavior under the ionizing radiation conditions representative of nuclear environments is relatively scarce. This collaboration aims to fill that critical knowledge gap by assessing both the chemical and thermophysical performance of the salts during and after irradiation.

    Using a suite of cutting-edge diagnostics, including a magnetic sector residual gas analyzer (RGA), laser flash analysis, and post-irradiation spectroscopic techniques, MIT researchers will measure off-gassing behavior, thermal degradation, and long-term material stability. The results will inform system design for microreactors that utilize molten salts for heat transfer or energy storage, improving the accuracy and reliability of safety and performance models.

    “This project offers an exciting opportunity to characterize molten nitrate salts in radiation environments with a level of precision not previously achieved,” said Dr. Koroush Shirvan, Principal Investigator at MIT. “We’re using real-time diagnostics, high-temperature test rigs, and modern analytical techniques to generate data that can have immediate impact on next-generation reactor development.”

    The results of this study will feed directly into the engineering and design processes and could also prove useful for other clean energy applications, including industrial process heat and off-grid energy storage.

    “We are thrilled to see this groundbreaking research move forward with MIT,” said Professor Ian Farnan, Lead of Nuclear Fuel Cycle, Radiation and Materials of NANO Nuclear. “The ability to assess salt performance in radiation fields without reliance on operating reactor gives us unprecedented flexibility and speed in advancing the development of our reactor systems.”

    The project is expected to conclude in 2027, with quarterly updates and final data delivery coordinated between MIT and NANO Nuclear’s engineering teams. As NANO Nuclear continues to expand its operations, the Company remains committed to developing cutting-edge nuclear solutions that redefine the global energy landscape.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to, among other things, the anticipated benefits to NANO Nuclear of its collaboration with MIT, as well as the nature and timing of the research described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network –

    May 20, 2025
  • MIL-OSI: Amplify ETFs Launches the Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 20, 2025 (GLOBE NEWSWIRE) —  Amplify ETFs is pleased to announce the launch of the Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) in collaboration with Samsung Asset Management. USNG is an actively managed ETF offering exposure to companies powering the U.S. natural gas ecosystem.

    Demand for U.S. natural gas is expected to surge by up to 50% over the next five years, driven by the digital economy’s extraordinary rise in energy consumption.1 Increased power usage from data centers and artificial intelligence (AI) is fueling the growing demand for natural gas as a clean, cost-effective and readily available energy source.

    Likewise, the U.S., as the world’s leading exporter of liquefied natural gas (LNG), is poised for exports to grow by 19% in 2025 and 15% in 2026—fueled by global market shifts and escalating demand for American energy.2

    USNG invests in approximately 20 to 25 U.S. stocks involved in the natural gas value chain across midstream, downstream, and upstream, with a primary focus on the midstream segment. Stocks are selected using a ‘Growth at a Reasonable Price’(GARP) investment approach to identify companies with strong earnings, cash flow, and dividend growth potential. The securities are included based on industry trends, company performance, and sector dynamics, with a focus on midstream companies operating in transport, storage, distribution, and wholesale marketing.

    Utilizing its research specialty in the natural gas value chain, Samsung Asset Management serves as the sub-adviser.

    “Due to a declared National Energy Emergency, the U.S. will be actively expanding natural gas production and infrastructure, leading to significant investment and capital commitment to this important segment of the energy market,” said Christian Magoon, CEO of Amplify ETFs. “USNG is positioned to actively navigate the opportunities and challenges of this growth industry.”

    Leveraging natural gas in major energy infrastructure projects and as a tool to address the National Energy Emergency is rapidly becoming a priority for policymakers and corporations alike. The midstream, upstream, and downstream segments may benefit from increased volume driven by electrification, data center expansion, and growth in liquid natural gas exports. USNG stands out as a vehicle to capture growth and income potential in the natural gas industry.

    “We are proud to continue building our U.S. ETF lineup in partnership with Amplify ETFs,” said Gina Lee, President of Samsung Asset Management New York. “Samsung brings extensive global experience in the natural gas space and significant research capabilities to USNG, helping investors access the full value chain of the U.S. natural gas infrastructure market.”

    Learn more about USNG at AmplifyETFs.com/USNG

    About Amplify ETFs
    Amplify ETFs, sponsored by Amplify Investments, has over $10 billion in assets across its suite of ETFs (as of 4/30/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more, visit AmplifyETFs.com.

    Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at amplifyetfs.com. Read the prospectus carefully before investing.

    Investing involves risk including the possible loss of principal. You could lose money by investing in the Fund. As an actively managed fund, there is no guarantee the investment objective will be met.  Being new, the fund has a limited operating history to evaluate. As a non-diversified fund, its performance and Share price are more prone to volatility from individual investments.

    Investments in energy companies can be influenced by cyclical markets, price fluctuations, regulation, economic shifts, technology, and geopolitical instability. Risks for natural gas companies include alternative fuels, price volatility, interest rates, and developments like renewable energy growth and evolving regulations. Utilities companies include risks related to financing, environmental costs, market factors, and political influences.

    Materials companies are impacted by commodity price fluctuations, economic cycles, environmental liabilities, and regulations, all of which can affect their returns. Small and mid-cap companies may face higher market risk, greater price volatility, and lower liquidity than larger firms.

    Investments in MLPs involve unique risks, such as price volatility, illiquidity, limited investor control, potential conflicts of interest, dilution risks, and insufficient cash flow to meet operating requirements. MLPs may also face industry-specific challenges and macroeconomic pressures. The Fund’s returns depend on MLPs being taxed as partnerships, not corporations. Changes in tax laws or policies can reduce MLP cash distributions and negatively affect the Fund’s investments.

    Amplify ETFs are distributed by Foreside Fund Services, LLC.

    1EQT Corporation and Samsung Asset Management
    2The United States remained the world’s largest liquefied natural gas exporter in 2024 – U.S. Energy Information Administration (EIA)

    The MIL Network –

    May 20, 2025
  • MIL-OSI: MEXC Announces SOON ($SOON) Listing with 75,000 SOON & 50,000 USDT Prize Pool and Up to 200% APR Savings

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will list SOON ($SOON) at 11:00 on May 23, 2025 (UTC). To celebrate this addition to the exchange, MEXC will launch three exclusive events open to all users, including a 75,000 $SOON and a 50,000 USDT prize pool, and a high-yield savings program with up to 200% APR.

    SOON is a high-performance Solana Virtual Machine (SVM) Rollup that enables mass blockchain adoption through its innovative Super Adoption Stack (SAS). The project standardizes the SVM across major Layer 1 ecosystems while enabling seamless interoperability. The SOON ecosystem features three core products: SOON Mainnet, SOON Stack, and InterSOON. As blockchain technology continues to mature, solutions like SOON that prioritize performance, scalability, and cross-chain communication are becoming increasingly crucial.

    $SOON is the native utility token of the SOON ecosystem, serving several essential functions. It acts as a governance token that grants holders voting rights on protocol upgrades and ecosystem development. The token also functions as the primary asset for all activities within the ecosystem. Additionally, it provides incentives for builders and contributors through grants and performance-based rewards.

    In celebration of SOON ($SOON)’s listing on MEXC, a series of exclusive events will launch to reward both new and existing users. Key details of the events are as follows:

    Event 1: Exclusive $SOON Earn with up to 200% APR

    Event Period: May 23, 11:00 – June 21, 11:00, 2025 (UTC)
    MEXC users can subscribe to $SOON fixed savings via MEXC Earn and enjoy up to 200% APR. Simply deposit or buy at least 350 $SOON on the Spot market to participate.

    Event 2: Airdrop+

    Event Period: May 20, 10:00 – May 30, 10:00, 2025 (UTC)
    New users who deposit $SOON can share 64,000 $SOON, while all users can join a Futures trading challenge for a share of 50,000 USDT and invite new users to earn from an 11,000 $SOON pool.

    Special Event: Deposit $SOON and Share in a 25,000 $SOON Prize Pool

    Event Period: May 19, 08:00 – May 23, 08:00, 2025 (UTC)
    Users who deposit $SOON into their MEXC account and submit their UID through the official form will have the chance to win rewards from a 25,000 $SOON prize pool.

    MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, please visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website| X | Telegram |How to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a53eccb-272d-4c99-8bac-4d2b4e6473d0

    The MIL Network –

    May 20, 2025
  • MIL-OSI Africa: Mining in Motion to Highlight Innovative Funding Solutions for Ghana’s Artisanal and Small-Scale Mining (ASM) Operations

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

    ACCRA, Ghana, May 20, 2025/APO Group/ —

    The upcoming Mining in Motion Conference – Ghana’s premier gathering for gold mining stakeholders, scheduled for June 2 – 4 in Accra – will feature a dedicated panel exploring the financial challenges, opportunities, and best practices for the artisanal and small-scale mining (ASM) sector.

    The session, titled Funding Models for ASM, will convene representatives from Ghana’s Minerals Income Investment Fund (MIIF), BloombergNEF, the African Development Bank, AlphaStream and StoneX. The speakers will delve into available financing options and strategies aimed at empowering ASM operators to scale their activities and contribute more significantly to Ghana’s mining-driven economic growth.

    The ASM sector plays a vital role in Ghana’s economy, generating over $5 billion in gold export revenue annually, employing more than one million people, and contributing over 40% of the country’s total gold production. Recognizing this impact, the Ghanaian government has initiated several mechanisms to improve financial accessibility for ASM operators. One such initiative is the establishment of the Gold Board, an agency designed to serve as the sole exporter for ASM gold in Ghana. This integration ensures legal trade, supply chain inclusion, and access to accreditation and financing opportunities.

    Government-led programs, such as the Ghana National Association of Small-Scale Miners and the Minerals Commission’s Community Mining Scheme provide a mix of loans and grants. MIIF is rolling out its Small-Scale Mining Incubation Program, offering between $200,000 and $5 million per mine to accelerate exploration and production efforts.

    The financial sector has also shown strong commitment to supporting Ghana’s mining industry. Stanbic Bank has pledged $1.1 billion in funding for the mining, metals, and energy sectors over five years, including $100 million in loans for local contractors, a $90 million expansion loan for a gold mining firm, and an $80 million environmental bond covering six gold mines.

    Firms like AlphaStream and StoneX are also stepping in with financial solutions that span the mining value chain, positioning themselves as key enablers of Ghana’s mining expansion ambitions. Their involvement in the Mining in Motion Conference as sponsors further signals growing interest in Ghana’s mining finance landscape.

    Mining in Motion will serve as a showcase for both traditional and innovative funding models -ranging from public-private partnerships and community-based financing to ESG-linked instruments – highlighting how these tools are being leveraged to strengthen the ASM sector and drive inclusive growth in Ghana’s mining industry.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact sales@ashantigreeninitiative.org.

    MIL OSI Africa –

    May 20, 2025
  • MIL-OSI: Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is celebrating Bitcoin Pizza Day by hosting events across five continents and distributing pizzas to more than 2,000 people. Between May 19 and May 22, gatherings are being held in cities including Abuja, Cape Town, Buenos Aires, São Paulo, Mexico City, Lisbon, Barcelona, Florence, Catania, Turin, Milan, Athens, Metro Manila, Penang, Tirana, Prague, Dubai, Taipei, and Ho Chi Minh City.

    Bitcoin Pizza Day, celebrated annually on May 22, reminds us of the historic purchase of two pizzas for 10,000 Bitcoins by Laszlo Hanyecz in 2010—a transaction that demonstrates Bitcoin’s immense potential as a medium of exchange. The modest transaction, then worth around $41, is now estimated to be valued at nearly $1 billion. The day has become a symbol of Bitcoin’s evolution from a niche experiment to the backbone of the emerging financial innovation space.

    This year’s celebrations seek to bridge the global crypto community, offering an opportunity for enthusiasts, traders, and newcomers alike to engage in dialogue about Bitcoin’s journey and the future of decentralized finance. The events combine informal networking with educational discussions, reinforcing Bitcoin’s growing relevance amid shifting economic landscapes.

    “Every year, we celebrate Bitcoin Pizza Day because it reminds us how far this industry has come—from 10,000 BTC being worth just $40 to now touching $1 billion. It marks the epitome of any financial vehicle’s success in history. At Bitget, it’s one of our favorite days to share with the community and reflect on the incredible journey we’ve all been part of,” says Gracy Chen, CEO at Bitget.

    By organizing events across diverse regions such as Africa, Latin America, Europe, and Asia, Bitget is showing support towards local crypto communities, encouraging wider participation in the evolving cryptospace. The gatherings highlight how Bitcoin’s story resonates globally, transcending borders. Initiatives such as this serve as reminders of the principles that will continue to fuel the adoption of crypto—innovation, resilience, and joint vision.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd9309d-8df9-47c3-a79b-d573efe84e51

    The MIL Network –

    May 20, 2025
  • MIL-OSI: Bilibili Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 20, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Highlights:

    • Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% year over year.
      • Advertising revenues were RMB2.00 billion (US$275.3 million), representing an increase of 20% year over year.
      • Mobile games revenues were RMB1.73 billion (US$238.6 million), representing an increase of 76% year over year.
    • Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% year over year. Gross profit margin reached 36.3%, improving from 28.3% in the same period of 2024.
    • Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.
    • Adjusted net profit1 was RMB361.5 million (US$49.8 million), compared with an adjusted net loss of RMB455.9 million in the same period of 2024.
    • Operating cash flow was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.
    • Average daily active users (DAUs) were 106.7 million, compared with 102.4 million in the same period of 2024.

    “We kicked off 2025 with strong financial results and healthy community metrics in the first quarter,” said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. “Our DAUs reached 107 million, while MAUs hit a new high of 368 million. As our user base matured—with the average age rising to 26 in 2025—users remained highly engaged and demonstrated growing spending power. Average daily time spent per user hit a record of 108 minutes, and our monthly paying users reached an all-time high of 32 million. With the increasing value of our users and improved monetization efficiency, our total net revenues for the first quarter grew 24% year over year to RMB7.0 billion. Building on this strong momentum, we will continue to unlock the potential of our community by offering more efficient and enhanced commercial solutions. As the go-to video platform for premium content and a vibrant creative culture, Bilibili is uniquely positioned to capture emerging opportunities and sustain long-term growth.”

    Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “In the first quarter, we accelerated revenue growth and expanded our margins. This was driven by outstanding performances from our high-margin advertising and games businesses, which grew by 20% and 76% year over year, respectively. Gross profit increased by 58% year over year, with our gross profit margin rising to 36.3%, up from 28.3% in the same period last year. Supported by our robust topline and margin gains, we sustained an adjusted net profit of RMB361.5 million. Our virtuous operating cycle continues to drive robust operating cash flow, generating RMB1.30 billion in the quarter. Moving forward, we will continue to focus on profitable growth by scaling our business and community through efficient, sustainable operations, and delivering long-term value to our shareholders.”

    First Quarter 2025 Financial Results

    Total net revenues. Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% from the same period of 2024.

    Value-added services (VAS). Revenues from VAS were RMB2.81 billion (US$386.9 million), representing an increase of 11% from the same period of 2024, mainly attributable to increased revenues from live broadcasting and other value-added services.

    Advertising. Revenues from advertising were RMB2.00 billion (US$275.3 million), representing an increase of 20% from the same period of 2024, mainly attributable to strong revenue growth in performance-based advertising.

    Mobile games. Revenues from mobile games were RMB1.73 billion (US$238.6 million), representing an increase of 76% from the same period of 2024, mainly attributable to the strong performance of the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    IP derivatives and others. Revenues from IP derivatives and others were RMB467.1 million (US$64.4 million), representing a decrease of 4% from the same period of 2024.

    Cost of revenues. Cost of revenues was RMB4.46 billion (US$615.2 million), representing an increase of 10% from the same period of 2024. The increase was mainly due to higher revenue-sharing costs and was partially offset by lower content costs. Revenue-sharing costs, a key component of cost of revenues, were RMB2.67 billion (US$368.1 million), representing an increase of 19% from the same period of 2024, mainly due to an increase in mobile games-related revenue-sharing costs.

    Gross profit. Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% from the same period of 2024, mainly attributable to the growth in total net revenues and relatively stable costs related to platform operations as the Company enhanced its monetization efficiency.

    Total operating expenses. Total operating expenses were RMB2.52 billion (US$347.8 million), representing an increase of 4% from the same period of 2024.

    Sales and marketing expenses. Sales and marketing expenses were RMB1.17 billion (US$160.8 million), representing a 26% increase from the same period of 2024. The increase was primarily attributable to one-off marketing expenses related to the Company’s partnership with CCTV for the 2025 Spring Festival Gala as the exclusive bullet chat live broadcasting and content platform, as well as higher year-over-year promotion expenses for the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    General and administrative expenses. General and administrative expenses were RMB515.6 million (US$71.1 million), representing a decrease of 3% compared with the same period of 2024.

    Research and development expenses. Research and development expenses were RMB841.5 million (US$116.0 million), representing a 13% decrease from the same period of 2024. The decrease was mainly attributable to improved research and development efficiency.

    Profit/(loss) from operations. Profit from operations was RMB15.0 million (US$2.1 million), compared with a loss of RMB818.6 million from the same period of 2024.

    Adjusted profit/(loss) from operations1. Adjusted profit from operations was RMB342.5 million (US$47.2 million), compared with an adjusted loss from operations of RMB512.2 million from the same period of 2024.

    Total other (expenses)/income, net. Total other expenses were RMB14.1 million (US$1.9 million), compared with total other income of RMB55.5 million in the same period of 2024.

    Income tax expense. Income tax expense was RMB11.6 million (US$1.6 million), compared with RMB1.6 million in the same period of 2024.

    Net loss. Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.

    Adjusted net profit/(loss)1. Adjusted net profit was RMB361.5 million (US$49.8 million), compared with an adjusted loss of RMB455.9 million in the same period of 2024.

    Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net loss per share were RMB0.02 (US$0.00) each, compared with basic and diluted net loss per share of RMB1.80 each in the same period of 2024. Adjusted basic and diluted net profit per share were RMB0.86 (US$0.12) and RMB0.85 (US$0.12), respectively, compared with an adjusted basic and diluted net loss per share of RMB1.06 each in the same period of 2024.

    Net cash provided by operating activities. Net cash provided by operating activities was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.

    Cash and cash equivalents, time deposits and short-term investments. As of March 31, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB17.40 billion (US$2.40 billion).

    Convertible Senior Notes. As of March 31, 2025, the aggregate outstanding principal amount of April 2026 Notes, 2027 Notes and December 2026 Notes was US$13.4 million (RMB96.2 million).

    Changes in Board Committees

    The Company’s board of directors (the “Board”) approved the separation of the Nominating and Corporate Governance Committee into two distinct committees. Effective from May 20, 2025, the Nomination Committee and the Corporate Governance Committee will each operate under separate charters with defined functions and responsibilities. The Nomination Committee will comprise Mr. JP Gan, Mr. Eric He, Mr. Feng Li and Ms. Ni Li, with Mr. JP Gan serving as chairperson. The Corporate Governance Committee will comprise Mr. JP Gan, Mr. Eric He and Mr. Feng Li, with Mr. JP Gan serving as chairperson. Charters of each communitee will be published on the Company’s investor relations website at http://ir.bilibili.com and The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk.

    1 Adjusted profit/(loss) from operations, adjusted net profit/(loss), and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Conference Call

    The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 20, 2025 (8:00 PM Beijing/Hong Kong Time on May 20, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

    Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    Use of Non-GAAP Financial Measures

    The Company uses non-GAAP measures, such as adjusted profit/(loss) from operations, adjusted net profit/(loss), adjusted net profit/(loss) per share and per ADS, basic and diluted and adjusted net profit/(loss) attributable to the Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, gain/loss on fair value change in investments in publicly traded companies, and gain/loss on repurchase of convertible senior notes. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

    The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore, may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.

    The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

    For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Exchange Rate Information

    This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the exchange rate on March 31, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications 
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications 
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    BILIBILI INC.
    Unaudited Condensed Consolidated Statements of Operations
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
               
    Net revenues:          
    Value-added services (VAS) 2,528,909     3,083,071     2,807,340  
    Advertising 1,668,584     2,388,673     1,997,635  
    Mobile games 982,810     1,797,537     1,731,155  
    IP derivatives and others 484,297     464,880     467,118  
    Total net revenues 5,664,600     7,734,161     7,003,248  
    Cost of revenues (4,059,240 )   (4,945,945 )   (4,464,150 )
    Gross profit 1,605,360     2,788,216     2,539,098  
               
    Operating expenses:          
    Sales and marketing expenses (927,059 )   (1,236,593 )   (1,166,975 )
    General and administrative expenses (531,777 )   (505,861 )   (515,638 )
    Research and development expenses (965,120 )   (919,321 )   (841,477 )
    Total operating expenses (2,423,956 )   (2,661,775 )   (2,524,090 )
    (Loss)/profit from operations (818,596 )   126,441     15,008  
               
    Other income/(expenses):          
    Investment loss, net (including impairments) (21,249 )   (283,191 )   (62,203 )
    Interest income 133,207     110,150     94,173  
    Interest expense (31,574 )   (19,986 )   (32,571 )
    Exchange (losses)/gains (58,060 )   10,529     (11,659 )
    Debt extinguishment loss (20,980 )   (17,649 )   –  
    Others, net 54,183     139,107     (1,837 )
    Total other income/(expenses), net 55,527     (61,040 )   (14,097 )
    (Loss)/profit before income tax expenses (763,069 )   65,401     911  
    Income tax (expense)/benefit (1,562 )   23,533     (11,588 )
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Net (loss)/profit attributable to the Bilibili Inc.’s shareholders (748,545 )   89,960     (9,102 )
    Net (loss)/profit per share, basic (1.80 )         0.22     (0.02 )
    Net (loss)/profit per ADS, basic (1.80 )   0.22     (0.02 )
    Net (loss)/profit per share, diluted (1.80 )   0.21     (0.02 )
    Net (loss)/profit per ADS, diluted (1.80 )   0.21     (0.02 )
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     420,086,397  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     420,086,397  
               

    The accompanying notes are an integral part of press release.

    BILIBILI INC.
    NOTES TO UNAUDITED FINANCIAL INFORMATION
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024   2024   2025
      RMB   RMB   RMB
               
    Share-based compensation expenses included in:          
    Cost of revenues 13,677   25,350   23,996
    Sales and marketing expenses 12,560   18,524   16,417
    General and administrative expenses 157,824   137,513   144,497
    Research and development expenses 80,525   113,649   105,855
    Total 264,586   295,036   290,765
     
    BILIBILI INC.
    Unaudited Condensed Consolidated Balance Sheets
    (All amounts in thousands, except for share and per share data)
     
      December
    31,
      March
    31,
      2024    2025 
      RMB   RMB
           
    Assets      
    Current assets:      
    Cash and cash equivalents 10,249,382     9,601,900  
    Time deposits 3,588,475     3,937,921  
    Restricted cash 50,000     50,950  
    Accounts receivable, net 1,226,875     1,007,515  
    Prepayments and other current assets 1,934,788     2,124,271  
    Short-term investments 2,706,535     3,856,835  
    Total current assets 19,756,055     20,579,392  
    Non-current assets:      
    Property and equipment, net 589,227     522,109  
    Production cost, net 1,851,207     1,753,344  
    Intangible assets, net 3,201,012     3,199,545  
    Goodwill 2,725,130     2,725,130  
    Long-term investments, net 3,911,592     3,919,494  
    Other long-term assets 664,277     581,476  
    Total non-current assets 12,942,445     12,701,098  
    Total assets 32,698,500     33,280,490  
    Liabilities      
    Current liabilities:      
    Accounts payable 4,801,416     4,983,062  
    Salary and welfare payables 1,599,482     1,200,571  
    Taxes payable 428,932     376,961  
    Short-term loan and current portion of long-term debt 1,571,836     1,818,124  
    Deferred revenue 3,802,307     3,848,682  
    Accrued liabilities and other payables 2,558,830     2,877,377  
    Total current liabilities 14,762,803     15,104,777  
    Non-current liabilities:      
    Long-term debt 3,264,153     3,264,089  
    Other long-term liabilities 567,631     531,276  
         Total non-current liabilities 3,831,784     3,795,365  
    Total liabilities 18,594,587     18,900,142  
           
    Total Bilibili Inc.’s shareholders’ equity 14,108,397     14,386,407  
    Noncontrolling interests (4,484 )   (6,059 )
    Total shareholders’ equity 14,103,913     14,380,348  
           
    Total liabilities and shareholders’ equity 32,698,500     33,280,490  
           
    BILIBILI INC.  
    Unaudited Selected Condensed Consolidated Cash Flows Data  
    (All amounts in thousands, except for share and per share data)  
       
      For the Three Months Ended  
      March
    31,
      December
    31,
      March
    31,
     
      2024   2024   2025  
      RMB   RMB   RMB  
                 
    Net cash provided by operating activities 637,697   1,400,988   1,302,095  
     
    BILIBILI INC.
    Unaudited Reconciliations of GAAP and Non-GAAP Results
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
    (Loss)/profit from operations (818,596 )   126,441     15,008  
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Adjusted (loss)/profit from operations (512,234 )   463,058     342,465  
               
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Income tax related to intangible assets acquired through business acquisitions (5,407 )   (5,358 )   (4,136 )
    (Gain)/loss on fair value change in investments in publicly traded companies (13,186 )   14,177     48,869  
    Loss on repurchase of convertible senior notes 20,980     17,649     –  
    Adjusted net (loss)/profit (455,882 )   452,019     361,513  
               
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Adjusted net (loss)/profit attributable to the Bilibili Inc.’s shareholders (439,796 )   453,045     363,088  
    Adjusted net (loss)/profit per share, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per ADS, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per share, diluted (1.06 )   1.07     0.85  
    Adjusted net (loss)/profit per ADS, diluted (1.06 )   1.07     0.85  
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     425,602,954  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     425,602,954  

    The MIL Network –

    May 20, 2025
  • MIL-OSI: Nykredit Realkredit A/S has received all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Nykredit Realkredit A/S has received all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S

    20 May 2025

    Nykredit Realkredit A/S has received the Danish Competition and Consumer Authority’s approval, after which all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S have been received

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion. As stated in the supplement dated April 2, 2025, the offer price has subsequently been increased to DKK 210.50 per share.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. The Offer Document was most recently supplemented in a supplement of 23 April 2025.

    Nykredit today received the Danish Competition and Consumer Authority’s approval of Nykredit’s acquisition of sole control over Spar Nord Bank pursuant to part 4 of the Danish Competition Act. The last of the regulatory approvals which, in accordance with section 6.16 of the Offer Document, constitute the “Regulatory Condition” for the Offer has thus been received.

    Completion of the Offer is subject to the remaining conditions set out in section 6.6 of the Offer Document being satisfied.

    The Offer Period expires on 20 May 2025 at 23:59 (CEST). On 21 May 2025, Nykredit expects to publicly announce a preliminary compilation of the number of acceptances and announce whether the Offer will be finalised.

    Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders, provided that Nykredit has obtained the necessary ownership interest, and the Offer has been completed. Spar Nord Bank shareholders who have opted not to accept the Offer, should expect that Nykredit, provided that the Offer is completed, will take steps to combine Nykredit Bank A/S and Spar Nord Bank, which will result in a further increase in Nykredit’s ownership interest in Spar Nord Bank. Not later than in continuation of the combination, Nykredit thus expects to hold a sufficient ownership interest to be able to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders.

    After Nykredit Realkredit A/S has received all regulatory approvals to complete the voluntary tender offer for Spar Nord Bank A/S, Michael Rasmussen, Group Chief Executive, states:

    “We are pleased to have received the merger control approval from the Danish Competition and Consumer Authority. Spar Nord and Nykredit are both strong banks experiencing growth, customer inflows and high customer satisfaction.I look forward to soon welcoming customers and colleagues from Spar Nord.

    The Nykredit Group’s ‘Winning the Double’ strategy continues, because partnerships are a crucial part of our strategy. Our partners can therefore expect us to further engage and invest in our important communities in Totalkredit, BEC, Sparinvest, nærpension and Privatsikring. Partnerships that ensure that we together stand stronger in the Danish financial market and in our interaction with customers.”

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/en-gb/offer-spar-nord/

    This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Offer Document, supplements or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Offer Document, supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Offer Document or supplements to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachment

    • Announcement of final regulatory approval

    The MIL Network –

    May 20, 2025
  • MIL-OSI: Groupama has successfully carried out the issue of a subordinated debt for a principal amount of EUR 500 million

    Source: GlobeNewswire (MIL-OSI)

    Groupama announced the issue on 19 May 2025 of Euro-denominated Fixed Rate subordinated notes due 2035 placed with institutional investors for a principal amount of EUR 500 million. The new notes priced at MS+190, resulting in an annual coupon of 4.375%. The purpose of this transaction was to take advantage of current supportive market conditions to optimize the group’s capital structure.

    Investors showed significant interest with the order book more than 5 times oversubscribed.

    The main terms of the new issue are the following:

    Issuer: Groupama Assurances Mutuelles
    Expected rating of the notes: BBB+ by Fitch
    Issue amount: EUR 500 million
    Pricing date: 19 May 2025
    Settlement date: 26 May 2025
    Annual coupon: 4.375 per cent.
    ISIN: FR001400ZUC0

    Natixis (Global Coordinator), Barclays, BNP Paribas, Citigroup, J.P Morgan and Morgan Stanley acted as joint bookrunners on the transaction. The new notes will be admitted to trading on Euronext Paris.

    The prospectus of the new notes will be available on the group’s internet website (www.groupama.com) and on the website of the Autorité des marchés financiers (www.amf-france.org).

    Press contact Analyst and investor contact
     

    Safia Bouda – + 33 (0)6 02 04 48 63
    safia.bouda@groupama.com

     

    Valérie Buffard – +33 (0)6 70 04 12 38
    valerie.buffard@groupama.com

    About Groupama Group

    For more than 100 years, the Groupama Group has been based on timeless humanist values to help as many people as possible build their lives with confidence It is based on human, close-knit, optimistic and responsible communities of mutual aid. On the strength of its two brands – Groupama and Gan – Groupama Group, one of the leading mutual insurers in France, carries out its insurance and service businesses in 10 countries. The Group has 12 million members and customers and 32,000 employees throughout the world, with premium income of €18.5 billion.

    Attachment

    • 2025-05-20 PR Groupama_subordinated notes

    The MIL Network –

    May 20, 2025
  • MIL-OSI United Kingdom: Wolverhampton premium hotel proposition highlighted at UKREiiF

    Source: City of Wolverhampton

    It is being promoted to investors, funders, developers at the major conference in Leeds between 20 May and 22 May.

    The proposition focuses on the city centre to take advantage of the award winning £150 million transport Interchange connecting train, tram and bus at a key gateway to Wolverhampton.

    Boosted by a vibrant culture, an impressive events programme, a variety of attractions, a premier league football team, strong connectivity and a proven track record of delivering strategic regeneration, official data shows Wolverhampton attracts over 10 million visitors a year.

    With significant and growing corporate demand and visitor attraction numbers in the city, the council is now seeking partners with a proven track record to deliver a premium brand hotel – minimum 4 star – to cater to both business and leisure travellers.

    It is also open to discussing potential sites with developers, investors and land and property owners.

    The council’s Cabinet Member for City Development, Jobs and Skills, Councillor Chris Burden, said: “Investment in a premium hotel aligns with the city’s growth trajectory, taps into unmet accommodation demand, and supports our long term economic and cultural resurgence.

    “The absence of a premium hotel offering means that existing demand is often displaced to hotels outside of Wolverhampton. This presents a significant opportunity for high quality hotel operators to capture this demand and we are excited to collaborate and support with interested parties in making a hotel investment in Wolverhampton a success.

    “Our visitor economy attracts 10 million visitors annually and is worth in excess of £450 million a year, growing on the back of nationally acclaimed venues like The University of Wolverhampton at The Halls, Grand Theatre, Wolverhampton Art Gallery, Molineux Stadium and Wolverhampton Racecourse.

    “When you add the corporate demand generated by major companies and organisations based in the city like JLR, Ministry of Housing, Communities & Local Government, Moog, University of Wolverhampton, Tarmac and Collins Aerospace – and regional attractions on the doorstep – it makes a compelling case for a premium hotel in Wolverhampton.”

    MIL OSI United Kingdom –

    May 20, 2025
  • MIL-OSI United Kingdom: Leeds marks German relationship at Dortmund Square

    Source: City of Leeds

    German dignitaries attending UKREiiF have visited Dortmund Square to see how Leeds City Council plans to continue celebrating its twinning relationship with the North Rhine-Westphalia city. 

    The German Honorary Consul, Regina Rosenthal, and Christian Klose, Investor Support Manager – Economic Development Agency Dortmund, were shown around the city centre landmark by Deputy Leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor.

    Councillor Pryor showed the visitors the recently installed place name signage and discussed the council’s plan for new wayfinding boards in the square, which celebrates Leeds’s twin city relationship with Dortmund.

    Above: Dortmund Square.

    Leeds has been officially twinned with Dortmund since 1969. However, the relationship dates to 1949, when the two cities started cooperating to nurture international peace, friendship, and understanding, following years of conflict between the UK and Germany.

    Above: New placename signage in Dortmund Square.

    Dortmund Square, which has a counterpart in its namesake city called Platz von Leeds, is set in the heart of the city centre. The square was officially renamed in 1980 to celebrate the success of the partnership between Leeds and Dortmund and hosts the famous caricature sculpture, Dortmund Drayman, known locally as “barrel man”.  The bronze sculpture was a gift from the Mayor of Dortmund to the people of Leeds.

    Above (L-R):  Christian Klose, Investor Support Manager – Economic Development Agency Dortmund, German Honorary Consul, Regina Rosenthal, and Deputy Leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor

    The German visitors will be joined at UKREiiF later this week by Benedikt Scholz, Director of Internationalisation & Commercial Partnerships at BVB Borussia Dortmund Football Club, who will join a panel to discuss the societal benefits from investment into stadiums, leisure facilities and global events and how these can act as a catalyst for wider investment and regeneration.

     The delegation will also be meeting representatives from Leeds United Football Club to hear firsthand the plans to develop Elland Road stadium and to participate in an interactive Leeds City Council-led event showcasing regeneration projects. 

    Deputy Leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor, said: “It was my great privilege to show Regina and Christian around Dortmund Square and to explain the council’s plans to further celebrate our two cities friendship.

    “I also look forward to welcoming Benedikt Scholz from Borussia Dortmund Football Club and to gaining his insight into how the regeneration and expansion of sporting venues and leisure facilities can attract wider investment and regeneration to Leeds.

    “It is always exciting to showcase how incredible Leeds is to visitors and to discuss the wide-ranging redevelopment plans that will build on Leeds’s reputation as a global city of note.”

    The German Honorary Consul, Regina Rosenthal, said: “As a German living in Leeds and representing my country here, it makes me very proud to see how Leeds celebrates its Dortmund partnership, which has brought so many benefits to both cities over the years.”

    Ends

    MIL OSI United Kingdom –

    May 20, 2025
  • MIL-OSI Asia-Pac: President Lai interviewed by Nippon Television and Yomiuri TV

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai delivers address on first anniversary of taking office  
    On the morning of May 20, President Lai Ching-te delivered an address on the first anniversary of his taking office. In his address, the president stated that the Taiwan of today is a Taiwan of the world, and whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. He said that, looking forward, we will not cower in the face of challenges; rather, we will bravely march forward into the future. We will maintain solidarity, he emphasized, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly.  President Lai stated that moving forward, the government will set up a fund to boost Taiwan’s economic momentum. He also stated that he will be instructing the national security team to initiate a major national security briefing for the chairs of opposition parties, in the hope that leaders of all parties can prioritize our nation’s interests and uphold our nation’s security so that we can tackle our nation’s challenges side by side. A translation of President Lai’s address follows: Yesterday, outside of Beida Elementary School in New Taipei City’s Sanxia District, there was a major traffic accident that, sadly, claimed several lives and resulted in multiple injuries. The Executive Yuan immediately formed a task force, and last night I personally visited the victims in hospital. Central government agencies and the local government will cooperate to provide assistance to the victims’ families. They will work as quickly as possible to determine the cause of the accident and assess areas for improvement, so as to prevent reoccurrence of accidents like this. Today, let me express my deepest condolences to the bereaved families for the unfortunate loss of life and my hope for the quick and full recovery of those injured. The purpose of government is to serve the people. I want to thank the people of Taiwan for entrusting me, one year ago today, with the responsibility of leading the nation bravely forward. I want to thank all my fellow citizens for working hand in hand with the government over this past year. Together, we have overcome numerous challenges to ensure that our nation will keep moving forward.  As we face three major challenges that receive international attention and create the largest impact on our citizens: climate change, the promotion of health, and social resilience, I decided to establish three committees at the Presidential Office. In each committee, we have thus far seen incremental progress. We are working to align ourselves with international standards. The voluntary bottom-up plans of different government agencies plus the top-down approach of the Executive Yuan National Council for Sustainable Development’s Net Zero Emissions Transition Taskforce have produced 20 flagship carbon reduction projects for six major sectors. The government is expected to continue to inject over NT$1 trillion in the budget for the net-zero transition by 2030; and we expect to spur at least NT$5 trillion in private green investment and financing as we work toward the new 2035 NDC target for emissions reductions of 38±2 percent. Taiwan’s air quality has been steadily improving. From 2015 to today, the annual average PM2.5 concentration has dropped from 21.82 to 12.8 μg/m3. Taiwan officially began collecting fees for its carbon fee system this year. With firm resolve, a steady pace, and flexible strategies, we will work to realize the vision of net-zero transition by 2050; and together with the world we will pursue sustainable growth and prosperous development. To address the challenges in the post-pandemic world, we are establishing a national center for disease prevention and control, strengthening our central pandemic response. To promote health for all, we are promoting cancer screening, establishing a fund for new cancer drugs, and launching the five-year, NT$48.9 billion Healthy Taiwan Cultivation Plan. This year, we significantly increased the total National Health Insurance budget by NT$71.2 billion to achieve sustainable NHI development. We aim to create a Healthy Taiwan, keeping people healthy and making the nation stronger so that the world embraces Taiwan. We are also hard at work to enhance our whole-of-society defense resilience. In addition to continuing to assess various aspects of preparedness at the national level and conduct field verification, we have concerted the efforts of various ministries to propose 17 major strategies to respond to national security and united front threats, uniting our people to resist division and protecting our cherished free and democratic way of life. Recently, the Executive Yuan made special budget allocations of NT$410 billion, of which NT$150 billion is aimed to enhance national resilience. On this, we look forward to mutual support from the ruling and opposition parties. As our nation continues on the path forward, challenges and obstacles will continue to emerge. Early last month, the United States announced its new tariff policy, and in response I proposed five major strategies. I also launched industry listening tours, with the aim of working alongside industries to overcome challenges and open up new opportunities. The Executive Yuan is also soliciting opinions from all sectors as quickly as possible to put forward a special act to enhance the resilience of Taiwan’s national security. The annual surplus will be utilized in the special budget allocations totaling NT$410 billion to not only support industries and stabilize employment, but also strengthen the economy, protect people’s livelihoods, enhance resilience in homeland security, and ensure that Taiwan’s industries continue to steadily advance amidst changing circumstances. Notably, in our discussions across different industries, all sectors advocated against raising electricity prices and were in support of government subsidies for Taiwan Power Company. These would offset Taipower’s losses from subsidies to support people’s livelihoods and for industrial electricity usage since the COVID-19 pandemic and Russo-Ukrainian War, both strengthening its finances and stabilizing electricity prices. We look forward to cooperation among the ruling and opposition parties to pass the Executive Yuan’s special budget. All sectors hope to maintain a stable power supply. As energy security is national security, ensuring a stable power supply while developing more forms of green energy is, whether now or in the future, one of the government’s most important tasks. Aside from the issue of electricity prices, the Taiwanese people have also been closely following the recent Taiwan-US tariff negotiations. The first round of in-person talks have concluded, and tariff negotiations are currently still going smoothly. The government will uphold the principles of ensuring national interests and safeguarding industry development, under no circumstances sacrificing any one sector. We will stand firm on Taiwan’s position and, from the basis of deepening Taiwan-US economic and trade relations, strive for optimal negotiation results in a well-paced, balanced manner. Taiwan shares democratic values with our democratic partners around the world. When combined with our adherence to free market principles to foster mutual prosperity, those values are our greatest assets. They form a protective umbrella that allows Taiwanese businesses to unleash their vitality and energy. They are also the most significant mark of distinction between us and authoritarian regimes. For many years now, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation, spurring mutual growth. Among friends, there is always some friction; but that friction is always resolvable. Just as it says in the Bible, “As iron sharpens iron, so one person sharpens another.” Through mutual exchange, friends can smooth out their shortcomings and further hone their strengths. Even when differences arise, so long as there is a foundation built on trust and honest dialogue, friends can better understand one another and further deepen their bonds. Now, Taiwan’s market is global; its stage is international. Going forward, we will hold firm to our democratic values and expand into diverse markets. First, Taiwan’s economic path is clearly established. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. In recent years, Taiwan has updated investment protection agreements with such countries as the Philippines, India, Vietnam, and Thailand, and signed a foreign investment promotion and protection arrangement with Canada. Moving forward, we will endeavor to sign investment protection agreements and double taxation avoidance agreements with our friends and allies. Second, Taiwan’s trade strategy is clearly defined. We will extend our market connections with the US and other free, democratic nations, expanding our presence worldwide. To that end, we have completed the signing of the first agreement under the Taiwan-US Initiative on 21st-Century Trade and signed an enhanced trade partnership arrangement with the United Kingdom. We are in active negotiations on trade agreements with other countries, and we continue to seek admission to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and other mechanisms for regional economic integration. Third, we must ensure that Taiwan’s economy is export-led while expanding domestic demand, concurrently prioritizing strong technological R&D and upgraded traditional industries, and boosting software development, production, and manufacturing. We must also continue tapping into Taiwan’s strengths to attract international firms here to invest and collaborate. In just the past few years, Entegris opened a new manufacturing facility in Kaohsiung, Micron launched a new facility in Taichung, and Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been expanding their presence here. And yesterday, Nvidia even announced that it will establish an overseas headquarters in Taiwan. Through such collaboration across borders, we are introducing advanced technology from overseas and engaging in international R&D. We will build Taiwan into an even more resilient economy. Moving forward, the government will set up a fund to boost Taiwan’s economic momentum. With our sights set on the whole globe, we will invest in international markets, while the government will also set up a sovereign wealth fund and build a national-level investment platform. We will make full use of Taiwan’s industrial advantages and, with the government taking the lead and synergizing private-sector enterprises, expand our global presence and link with major target markets of the AI era. Domestically, we will bolster local supply chains and strengthen industries’ ability to adapt to changing circumstances. The government will enhance the functions of the National Development Fund to achieve industrial restructuring and assist domestic industries and small- and medium-sized enterprises with upgrading and transformation, raising international competitiveness and consolidating domestic industry foundations. My fellow citizens, our market and our values are defined by democracy. Democracy is also a display of our national strength. Taiwan was once the country with the world’s longest martial law period, but now, we are a beacon for democracy in Asia. Our past generations, through valiant sacrifice and devotion, bravely resisted authoritarianism and pursued democracy. Today’s younger generations are able to proactively engage in politics, protect the nation, further entrench democracy, and strive for a diverse Taiwan through all manner of constitutional and legal means, without fear of difficulty. This is the democratic Taiwan we take pride in. I am confident that no one Taiwanese would give up their free and democratic way of life. And no president can abandon the values of freedom and democracy. On the path of democracy, Taiwan never relied on the mobilization of hate; rather, it relied on the participation and coming together of citizens. We do not fear differences in opinion because the core of democracy is about finding, within difference, unity. I have always believed that democratic disputes are resolved through greater exercise of democracy. Over the past year, despite the domestic political situation, ruling and opposition parties formed a delegation to attend the inaugural ceremonies of the president and vice president of the US, demonstrating that democratic Taiwan stands united for deepening Taiwan-US ties. I also, in accordance with the powers granted me by the Constitution, convened a national policy meeting with the heads of the five branches of government, with the hope of achieving reconciliation and encouraging cooperation. I have always been willing, with open arms, to work hard for cross-party dialogue and strengthened cooperation among our political parties. That is why I will be instructing our national security team to initiate a major national security briefing for the chairs of opposition parties. It is hoped that leaders of all parties, regardless of political stance, can prioritize our nation’s interests and uphold our nation’s security; and grounded in shared facts, we can openly and honestly exchange views and discuss matters of national importance, so that we can tackle our nation’s challenges side by side. Later today is the opening ceremony of COMPUTEX TAIPEI, an event that will be closely followed in the international community. Taiwan, as the world’s silicon island, is a central pillar in the global economy and the field of AI, and this event will therefore attract important tech industry figures from around the world. Once a small-scale expo initially held near Taipei’s Songshan Airport, COMPUTEX has continued to grow in scale over the past 40-plus years, and now marks an important milestone in the development of global technological innovation. COMPUTEX is a microcosm of the Taiwan story, an achievement that the people of Taiwan share. The Taiwan of today is a Taiwan of the world. Whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. My fellow citizens, we do not cower in the face of challenges; rather, we bravely march forward into the future. As the saying goes, success is 30 percent destiny and 70 percent hard work. We will maintain solidarity, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly. That is the spirit of us Taiwanese. We will keep working together in solidarity and meet challenges with firm strides, making Taiwan a global beacon, a pilot for world peace, and a force for global prosperity. Thank you.  

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    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

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    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

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    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

    Details
    2025-05-02
    President Lai meets Atlantic Council delegation
    On the afternoon of May 2, President Lai Ching-te met with a delegation from the Atlantic Council, a think tank based in Washington, DC. In remarks, President Lai said that we have already proposed a roadmap for deepening Taiwan-US trade ties to achieve a common objective of reducing all bilateral tariffs. At the same time, the president said, we will expand investments across the United States and create win-win outcomes for both sides through the trade and economic strategy of “Taiwan plus the US.” The president also emphasized that Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. He expressed hope that, given shared economic and security interests, Taiwan and the US will generate even greater synergy and prove to be each other’s strongest support. A translation of President Lai’s remarks follows: I welcome you all to Taiwan. In particular, Vice President Matthew Kroenig visited Taiwan last June and now is making another trip less than a year later. He also contributed an important article supporting Taiwan to a major international publication, highlighting the concern that our international friends have for Taiwan. We are truly moved and thankful. On behalf of the people of Taiwan, I sincerely thank all sectors of the US for their longstanding and steadfast support for Taiwan. Especially, as we face the challenges arising from the regional situation, we hope to continue deepening the Taiwan-US partnership. Holding a key position on the first island chain, Taiwan faces military threats and gray-zone aggression from China. We will continue to show our unwavering determination to defend ourselves. I want to emphasize that Taiwan is accelerating efforts to enhance its overall defense capabilities. The government will also prioritize special budget allocations to increase Taiwan’s defense spending from 2.5 percent of GDP to more than 3 percent. This reflects the efforts we are putting into safeguarding our nation and demonstrates our determination to safeguard regional peace and stability. During President Donald Trump’s first term, Taiwan purchased 66 new F-16V fighter jets. The first of these rolled off the assembly line in South Carolina at the end of this March. This is crucial for Taiwan’s strategy of achieving peace through strength. In the future, we will continue to procure defense equipment from the US that helps ensure peace and stability across the Taiwan Strait. We also look forward to bilateral security collaboration evolving beyond arms sales to a partnership that encompasses joint research and development and joint manufacturing, further strengthening our cooperation and exchanges. Taiwan firmly believes in fair, free, and mutually beneficial trade ties. Indeed, we have already proposed a roadmap for deepening Taiwan-US trade ties. This includes our common objective of reducing all bilateral tariffs as well as narrowing the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. At the same time, we will expand investments across the US. We will promote our “Taiwan plus one” policy, that is, the new trade and economic strategy of “Taiwan plus the US,” to build non-red supply chains and create win-win outcomes for both sides. As the US is moving to reindustrialize its manufacturing industry and may hope to become a global manufacturing center for AI, Taiwan is willing to join in the efforts. Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. We have every confidence that, given shared Taiwan-US economic and security interests, we can generate even greater synergy and prove to be each other’s strongest support. In closing, I thank Vice President Kroenig once again for leading this delegation, demonstrating support for Taiwan. I look forward to exchanging opinions with you all in just a few moments. I wish you a smooth and successful trip. Vice President Kroenig then delivered remarks, first thanking President Lai for hosting them. He said that it is an honor to be here and to lead a delegation from the Atlanta Council, which consists of a mix of former senior US government officials with responsibility for Taiwan and also rising stars visiting Taiwan for the first time. Vice President Kroenig said that they are here at a critical moment, as there is an ongoing war in Europe, multiple conflicts in the Middle East, and increased Chinese aggression in the Indo-Pacific. Moreover, he pointed out, the regimes of China, Russia, Iran, and North Korea are increasingly working together in a new axis of aggressors. Vice President Kroenig indicated that the challenge facing the US and its allies and partners, including Taiwan, is how to deter these autocracies and maintain global peace, prosperity, and freedom, especially in Taiwan, whose security and stability matter, not only for Taiwan, but also for the US and the world. Vice President Kroenig assured President Lai and the people of Taiwan that the US is a reliable partner for Taiwan. The vice president stated that the administration under President Trump is prioritizing the deterrence of China, and that President Trump has announced an intention to have the largest US defense budget in history, more than US$1 trillion, to resource this priority. Pointing out that an America-first president will not help a country that is not helping itself, Vice President Kroenig said that their delegation has been impressed with the steps President Lai and the administration are taking to strengthen Taiwan’s security, including increasing defense spending, developing a societal resilience strategy, and using cutting edge technologies like unmanned systems to promote indigenous defense production. Vice President Kroenig said that more than money and equipment are necessary to secure a democracy against a powerful and ruthless neighbor, adding that history shows that the human factor is the most important. In the end, he said, it will be the will of the people of Taiwan to resist coercion and to defend their home which will be the most important factor determining the future fate of Taiwan and for the ability of the people of Taiwan to chart their own destiny. Vice President Kroenig emphasized that Americans are willing to support Taiwan in this endeavor, but it will be the people of Taiwan and strong and capable leaders like President Lai at the forefront of this struggle, with the firm support of America. Vice President Kroenig said that as the US and Taiwan work together on these challenges, the Atlantic Council looks forward to offering support behind the scenes. Founded in 1961 to support the Transatlantic Alliance, he said, the Atlantic Council is a global think tank, and part of its DNA is working closely with friends and allies in the Indo-Pacific, including Taiwan. He said they look forward to continuing their close and longstanding cooperation with Taiwan through visiting delegations, research and reports, and public and private events. In closing, Vice President Kroenig thanked President Lai again for hosting them and for the work he is doing to secure the free world. The delegation also included former Deputy Assistant Secretary of Defense for East Asia Heino Klinck and former Director for Taiwan Affairs at the White House National Security Council Marvin Park.

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

    MIL OSI Asia Pacific News –

    May 20, 2025
  • MIL-OSI Russia: Engines, Generators and Transformers: Electrical Engineering Companies in the Capital Increase Production

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The production of electrical products is growing steadily in the capital. Companies create high-quality and competitive products that are used in industry, transport, energy, everyday life and other areas. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “In accordance with Sergei Sobyanin’s instructions, the city is creating favorable conditions for sustainable growth of the industrial production index in various industries. Thus, in January-March 2025, the volume of electrical equipment production increased by 39.6 percent compared to the same period last year. Companies achieved such high indicators, among other things, thanks to the complex of measures to support industry in the capital,” said Maxim Liksutov.

    In addition, the capital’s manufacturers increased the production of electric motors, generators, transformers and switchgear by 49.8 percent, and sets of electrical switching equipment by 44.3 percent compared to the same period last year.

    “Today, the capital’s electrical engineering industry is represented by more than 130 enterprises. The companies produce high-tech products that successfully replace foreign analogues and are in demand in all regions of Russia. At the same time, the demand for them is growing steadily. According to the results of three months of 2025, the volume of shipments amounted to more than three billion rubles,” said the Minister of the Moscow Government, head of the capital’s Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    For example, the capital’s manufacturer of air ducts, shaped products, silencers and ventilation system parts continues to expand its product range. Thus, the company presented an innovative stamped rectangular bend made of galvanized steel, designed for ventilation systems of various purposes. Based on the results of the first three months of this year, the company increased the volume of production by 10 percent compared to the same period in 2024. This indicates an increase in demand and the successful implementation of the product range expansion strategy.

    26 industrial facilities will appear in the capital thanks to the city programProduction of cable and wire products is growing in the capital

    Another Moscow manufacturer of equipment for power distribution and automation systems produced more than three thousand automation cabinets and low-voltage distribution complete devices in January-March of this year. This indicates high production dynamics and demand for high-tech products. According to the company’s CEO Valery Pritulin, during the first three months of the year, the company shipped equipment worth more than 958 million rubles. The company is expanding its range and increasing production volumes to meet the needs of the energy sector in a timely manner.

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

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

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

    https: //vv.mos.ru/nevs/ite/154044073/

    MIL OSI Russia News –

    May 20, 2025
  • MIL-OSI United Kingdom: G7 Export Credit Agency Leaders Meet in London for Two-Day Summit

    Source: United Kingdom – Government Statements

    Press release

    G7 Export Credit Agency Leaders Meet in London for Two-Day Summit

    UK Export Finance is hosting the annual meeting of leaders of export credit agencies from G7 countries.

    Leaders of G7 export credit agencies (from left to right): Paola Valerio (SACE, Italy), Atsuo Kuroda (NEXI, Japan), Bastian Kern (Export Credit Guarantees Germany), Tim Reid (UK Export Finance), James C. Cruse (US EXIM), Alison Nankivell (EDC, Canada), Armel Castets (Export Finance and Trade Promotion Division, France)

    Leaders of export credit agencies (ECAs) from the G7 nations are gathering in London today (19 May) for a two-day summit focused on “Global Challenges, Shared Solutions”. 

    The Chiefs and senior representatives from the ECAs of Canada, France, Germany, Italy, Japan, and the United States will be hosted by UK Export Finance (UKEF), the UK government’s export credit agency, to address critical issues in international trade finance as part of their annual meeting. 

    The summit will tackle key topics including strengthening supply chain resilience, securing access to critical minerals, and navigating the evolving landscape of export finance amid the growth of domestic industrial programmes and the advancement of artificial intelligence. 

    Tim Reid, Chief Executive of UK Export Finance, said:

    “In today’s world, collaboration between export credit agencies is more vital than ever to unlock critical financing for the largest and most pioneering opportunities aligned to our shared social and economic targets.

    “This annual summit, hosted this year by UKEF, offers a unique opportunity for our G7 ECAs to share insights, align strategies and develop joint approaches to deliver impact for our domestic exporters and in countries around the world. By working together, we can better support businesses navigating international trade challenges while driving sustainable economic growth across our nations.”

    Contact

    Media enquiries:

    Email newsdesk@ukexportfinance.gov.uk

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    Published 20 May 2025

    MIL OSI United Kingdom –

    May 20, 2025
  • MIL-OSI Asia-Pac: Algernon Yau to visit Chongqing

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau will depart tomorrow for Chongqing, where he will attend the 7th Western China International Fair for Investment & Trade and seek to strengthen Hong Kong’s economic and trade exchanges with the Mainland city.

    Mr Yau will return to Hong Kong on May 23. During his absence, Under Secretary for Commerce & Economic Development Bernard Chan will be Acting Secretary.

    MIL OSI Asia Pacific News –

    May 20, 2025
  • MIL-OSI USA: Office of the Governor — Travel Release — Gov. Green to Travel To Washington D.C.

    Source: US State of Hawaii

    STATE OF HAWAIʻI 
    KA MOKU ʻĀINA O HAWAIʻI 

    JOSH GREEN, M.D. 
    GOVERNOR
    KE KIAʻĀINA 

    GOVERNOR GREEN TO TRAVEL TO WASHINGTON D.C.

    FOR IMMEDIATE RELEASE
    May 19, 2025

    HONOLULU  ̶  Governor Josh Green, M.D., has been invited by U.S. Senator Richard Blumenthal to testify before the U.S. Permanent Subcommittee on Investigations at a hearing on science and federal health agencies. Governor Green will travel to Washington D.C. on Monday, May 19.

    U.S. Senator Richard Blumenthal of Connecticut is the ranking member of the committee and extended the invitation, to discuss Governor Green’s experience as a physician and public official in addressing outbreaks of infectious diseases, including during the coronavirus pandemic. The U.S. Permanent Subcommittee on Investigations is the chief investigative subcommittee of the U.S. Senate Committee on Homeland Security and Governmental Affairs. Governor Green will return to Hawai‘i on Friday, May 23, 2025.

    Lieutenant Governor Sylvia Luke will serve as acting Governor from the afternoon of May 19 until the afternoon of May 23.

     ###

    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 –

    May 20, 2025
  • MIL-OSI Europe: European agriculture faces growing climate risks that EU can help counter, new study finds

    Source: European Investment Bank

    • EU agriculture sector loses more than €28 billion a year as a result of adverse weather, according to new report
    • Farm insurance in Europe can play key role to keep climate risks in check, says study published by EIB and European Commission
    • EU can do more to expand insurance coverage for European farmers  

    The European Union agricultural sector loses more than €28 billion a year, on average, as a result of adverse weather such as droughts and the EU can do more to reduce such business risks, including by expanding farm insurance, according to a groundbreaking new study.

    The analysis, published jointly today by the European Investment Bank (EIB) and the European Commission, says that worsening climate change threatens to increase EU agricultural average annual losses as much as 66% by 2050, and urges a stronger EU risk-management system for the sector.

    Only 20% to 30% of climate-induced farm losses in the EU are insured through public, private or mutual systems including those supported by Europe’s Common Agricultural Policy (CAP). Insurance coverage backed by public funding is often more effective than government compensation programmes, according to the study.

    “Climate-related risks are an increasing source of uncertainty for food production. Mitigating these risks through insurance and de-risking mechanisms is essential to support the investments of European farmers,” said EIB Vice-President Gelsomina Vigliotti. “The findings of this analysis will guide our future action as we step up support to bolster the resilience of the EU’s agricultural system.”

    The EIB Group to date has supported the EU farm industry in three main ways. One is loans and guarantees to agricultural businesses or equity stakes in them. The second is the financing of rural infrastructure such as irrigation and roads. The third is advice to public authorities and financial institutions on how EU farm grants can be used to attract funding from other sources and to limit risks included those related to climate.

    Commissioner for agriculture and food, Christophe Hansen, said: “Climate change and its consequences could restrict farmers’ access to finance, as banks could become even more reluctant to take risks than they are today. The study we are publishing today with the EIB shows that only 20% to 30% of climate-related losses are insured by public, private or mutual systems. We need to do something to cover the remaining losses. I encourage all Member States to assess and launch new financial instruments under their CAP Strategic Plans, to better prevent climate risks in the agricultural sector. I also welcome the work of the EIB Group, which is playing a key role in mobilising capital to ensure the long-term resilience of the EU’s agri-food sector.”

    The new study is the first-of-its-kind analysis of agriculture-insurance schemes across the EU. It was commissioned by the Commission’s Directorate-General for Agriculture and carried out by EIB Advisory, under the fi-compass platform, with the support of the global insurance intermediary group Howden.

    Publication of the report coincides with an EIB-Commission conference in Brussels on Insurance and access to finance for farm resilience and adaptation in the EU.

    Across the 27-nation EU, climate-induced losses for the agricultural sector average €28.3 billion a year, according to the study. That’s around 6% of annual EU crop and livestock production.

    Global warming threatens to cause greater volatility in EU agricultural yields and more instability in European farm incomes, with projected losses rising between 42% and 66% by mid-century, according to the report.

    It examines the broad impact of weather on agriculture and explores options for expanding farm insurance in Europe and for encouraging the sector to reduce risks through climate adaptation.

    Main recommendations in the report include:

    • To limit economic shocks for farmers, the EU should pursue risk-transfer measures including catastrophe bonds and public-private reinsurance arrangements
    • The EU should provide rapid-response funding when disasters occur
    • The sector as a whole should take more adaptation steps because, even with improved insurance coverage, they are critical for countering future climate risks.

    Background information   

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. The EIB finances investments in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, the capital markets union and a stronger Europe in a more peaceful and prosperous world.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.    

    All projects financed by the EIB Group are aligned with the Paris Climate Agreement, as set out in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects that contribute directly to climate change mitigation, adaptation and a healthier environment.    

    In addition to financing, the EIB offers advisory services that help public and private partners develop and implement high-quality, investment-ready projects. In 2024 alone, EIB advisory teams helped mobilise over 200 billion of investment across Europe and beyond.

    High-quality, up-to-date photos of the organisation’s headquarters for media use are available here. 

    About fi-compass

    Delivered by EIB Advisory, fi-compass is a unique advisory platform established by the European Commission in partnership with the European Investment Bank (EIB). It is designed to support EU Member States and their managing authorities in the implementation of financial instruments under the European Shared Management Funds for Cohesion and Agriculture policy. The platform provides comprehensive guidance, practical know-how, and learning tools on financial instruments, helping to enhance the effectiveness and efficiency of public investments.

    About Howden

    Howden is a global insurance intermediary group with employee ownership at its heart. Founded in 1994, it provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational companies.

    The group operates in 55 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 22,000 people and handling $45bn of premium on behalf of clients.

    MIL OSI Europe News –

    May 20, 2025
  • MIL-OSI Security: Illegal Alien from Romania Pleads Guilty in South Florida to Laundering Proceeds of Online Auction Fraud Scheme

    Source: Office of United States Attorneys

    MIAMI – Giuliano Orlando Costin Sandu, 32, a Romanian national illegally present in the U.S., has pleaded guilty to a concealment money laundering scheme operating out of South Florida.

    In plea documents and statements made during a hearing in federal court in Ft. Lauderdale, Fla., Sandu admitted to laundering the illegal proceeds of a nationwide online auction fraud scheme that targeted U.S. citizens who were duped into believing they were purchasing expensive cars, boats, and tractors through online auction platforms. In fact, the ads and auctions were all part of an elaborate online scam that tricked victims into wiring money to one of several accounts opened by Sandu in South Florida. Sandu used several shell companies, false identities, and fake identity documents, including a counterfeit Czech passport, to open the accounts and conceal his identity.

    Once the money was deposited into Sandu’s accounts, he would quickly withdraw large amounts of cash, often from multiple accounts in various branches on the same day, in order to prevent recoupment and conceal the nature, location, and ultimate control of the fraud proceeds. Sandu admitted to laundering over three quarters of a million dollars between late 2023 and early 2024.

    Sandu was arrested at a local bank branch in April of this year as he attempted to open new bank accounts using a new fake identity with additional false identification documents.

    Sandu’s sentencing hearing is set for August 15 at 1:30 p.m. before U.S. District Judge William P. Dimitrouleas. He faces up to 20 years in federal prison.

    U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and acting Special Agent in Charge José R. Figueroa of Homeland Securities Investigations (HSI), Miami Field Office, made the announcement.

    HSI’s Miami and Salt Lake City, Utah, Field Offices investigated the case. Assistant U.S. Attorney Jon Juenger is prosecuting it.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 24-cr-20262.

    ###

    MIL Security OSI –

    May 20, 2025
  • MIL-OSI Security: Violent pimp who trafficked victims in Washington, Oregon, and across the country sentenced to 11 years in prison

    Source: Office of United States Attorneys

    Defendant preyed on juvenile as well as young adults to support his expensive lifestyle of luxury cars, multiple apartments, travel, and luxury goods

    Tacoma – A 35-year-old Washington State man was sentenced today in U.S. District Court in Tacoma to 11 years in prison for sex trafficking of a minor, announced Acting U.S. Attorney Teal Luthy Miller. Dominique Terrel Gonzales used residences in Seattle, Portland, and Vancouver, Washington, as well as different short-term rental homes on the East Coast, during the period when he preyed on young women, forcing them into prostitution.  Gonzales has been in federal custody since his arrest for illegal firearms possession in August 2020.

    At today’s sentencing hearing U.S. District Judge Benjamin H. Settle said, Gonzales “engaged in monstrous activity that profoundly affected a number of people. In many ways, your victims have lifetime sentences as a result of the harm you’ve caused. It is hard to overstate the human suffering and damage . . . The victims in this case go beyond those that you abused. You can see how profoundly your actions have affected their families.”

    “For years this defendant used violence, threats, and emotional coercion to force vulnerable young women into having sex with strangers and giving their earnings to him,” said Acting U.S. Attorney Miller. “He preyed upon teenagers and young women who were insecure and estranged from their families. To maintain control over his victims, Gonzales physically beat them, verbally assaulted them, and forced them to install tracking programs on their cellphones so that he could follow their every move. He used whatever means necessary to ensure that his victims engaged in prostitution to fund his luxurious lifestyle.”

    “Today’s sentence holds the defendant accountable for the criminal conduct he perpetrated for years within the Western District of Washington,” said Assistant Attorney General Harmeet K. Dhillon of the Justice Department’s Civil Rights Division. “Predators who target and coerce the vulnerable face appropriately serious sanctions under federal law, and the Justice Department will continue to seek significant sentences to vindicate the rights of human trafficking victims.”

    Law enforcement in Idaho, Southwest Washington, and Seattle investigated the case. According to records in the case, in August 2020, Gonzales trafficked a juvenile female causing her to engage in commercial sex acts.  Gonzales transported the girl across state lines to Portland, Oregon, for her to engage in commercial sex acts.

    The investigation revealed that between 2016 and 2019, Gonzalez also forced four adult women to work for him as prostitutes – using force, fraud, and coercion to make them do his bidding.  One of the victims was lured from her home in Idaho and then forced to engage in prostitution. Many of the victims met Gonzales through online dating aps. After he lured them in promising a relationship, he put them to work doing sex acts with strangers. Gonzales arranged the “dates” and forced the women to turn over any money they earned. He used violence and threats of violence to keep the victims working for him.

    At the time of his arrest, Gonzales illegally possessed a Desert Eagle 9mm semi-automatic pistol and ammunition.  Three felony convictions prohibit him from possessing firearms:  Two counts of second-degree assault (domestic violence) from August 2014 in King County Superior Court and one count of unlawful imprisonment – domestic violence, from the same incident.

    In asking for a 12-year prison sentence and 15 years of supervised release prosecutors wrote to the court, “The facts make clear that Gonzales is a manipulative, violent predator who targets vulnerable women to work for him in prostitution and then brutally beats them to keep them under his control….. Despite being prohibited from doing so, Gonzales possessed firearms and used them to threaten and frighten his victims. As a result of their victimization, all five victims have suffered significant trauma – trauma that they were forced to revisit during the course of this prosecution.”

    “Today’s sentencing is a powerful reminder that those who prey on vulnerable children through violence and exploitation will be held fully accountable,” said ICE Homeland Security Investigations Seattle Acting Special Agent in Charge Matthew Murphy. “This individual used force and coercion to rob a minor of their freedom and dignity, and justice has now been served. This outcome was made possible through the unwavering collaboration with our law enforcement partners across multiple jurisdictions, whose dedication and coordination were vital to this investigation. We remain steadfast in our commitment to protecting victims, dismantling trafficking networks, and ensuring that those responsible face the full weight of the law.”

    Judge Settle ordered that Gonzales be on supervised release for 15 years following his prison term. Restitution for the victims will be determined at a hearing in August 2025.

    The case was investigated by Homeland Security Investigations with assistance from the Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF), Olympia Police Department, Vancouver Police Department, Idaho State Police, Ada County (Idaho) Sheriff’s Office, U.S. Department of Agriculture-Office of Inspector General (USDA-OIG), and the Department of Homeland Security’s Center for Countering Human Trafficking.

    Assistant U.S. Attorney Kate Crisham for the Western District of Washington and Trial Attorney Jessica Arco of the Civil Rights Division’s Human Trafficking Prosecution Unit prosecuted the case.  Ms. Crisham leads the Anti-Trafficking prosecutions in the Western District of Washington.

    Anyone who has information about human trafficking should report that information to the National Human Trafficking Hotline toll-free at 1-888-373-7888, which is available 24 hours a day, seven days a week. For more information about human trafficking, please visit www.humantraffickinghotline.org. Information on the Justice Department’s efforts to combat human trafficking can be found at www.justice.gov/humantrafficking

    MIL Security OSI –

    May 20, 2025
  • MIL-OSI Security: Mexican National Unlawfully Residing in Oregon Pleads Guilty to Illegally Possessing a Firearm

    Source: Office of United States Attorneys

    MEDFORD, Ore.— Saul Uriel Nunez-Vega, 24, a Mexican national unlawfully residing in Jackson County, Oregon, pleaded guilty today for illegally possessing a firearm.

    According to court documents, on November 14, 2023, law enforcement responded to an attempted kidnapping and shooting in White City, Oregon, where they recovered a firearm. Surveillance footage showed Nunez-Vega in the area before the shooting occurred and investigators learned that he possessed the firearm prior to its use in the shooting.

    On December 15, 2023, Nunez-Vega was charged by criminal complaint with illegally possessing a firearm.   

    Nunez-Vega faces a maximum sentence of 15 years in prison, a $250,000 fine and three years of supervised release. He will be sentenced on August 13, 2025, before a U.S. District Judge.

    This case was investigated by Homeland Security Investigations. It is being prosecuted by John C. Brassell, Assistant U.S. Attorney for the District of Oregon.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.

    MIL Security OSI –

    May 20, 2025
  • MIL-OSI: ZA Miner Launches Free Crypto Cloud Mining Platform to Democratize Bitcoin and Dogecoin Earning in 2025

    Source: GlobeNewswire (MIL-OSI)

    Where Innovation Meets Finance: ZA Fundings LTD.

    MIDDLESEX, United Kingdom, May 20, 2025 (GLOBE NEWSWIRE) — ZA Miner, a UK-based leader in eco-friendly cloud mining, has launched its free cloud mining platform, allowing Bitcoin, Dogecoin, and Litecoin enthusiasts to earn passive income without expensive hardware or upfront investments.

    As global interest in decentralized finance continues to rise, ZA Miner removes traditional entry barriers, offering a seamless, sustainable way for both beginners and crypto investors to mine cryptocurrencies remotely.

    Free Mining, Real Earnings

    New users receive a $100 free mining contract immediately upon registration, enabling them to start earning from day one, no capital needed. This offering aligns with ZA Miner’s mission to make crypto mining accessible, secure, and inclusive.

    Mining Made Easy

    ZA Miner’s platform requires no downloads. Once users create an account, mining begins automatically using high-performance rigs located in energy-efficient data centers in Iceland and Kazakhstan, regions known for low electricity costs and access to renewables.

    Users can monitor earnings in real-time and upgrade to premium plans for increased profitability. Mining payouts are distributed daily, stored in cold wallets protected by SSL encryption and DDoS protection.

    Highlights of ZA Miner’s Cloud Mining Platform

    • $100 Free Mining Bonus – Start mining immediately.
    • No Hardware or Setup Required – 100% cloud-based.
    • Mine BTC, DOGE, LTC – Leading crypto options.
    • Daily Payouts – Consistent passive income.
    • Eco-Friendly Mining – Uses solar and wind energy.
    • Global Access – Available in 100+ countries.
    • Affiliate Program – Up to 7% commissions.
    • UK-Regulated – Operates under compliance frameworks.

    Empowering Global Access to Crypto

    By removing financial and technical hurdles, ZA Miner helps individuals worldwide participate in the crypto economy, offering a sustainable alternative to traditional, costly mining models.

    As digital currencies grow mainstream, ZA Miner is committed to expanding financial access through its intuitive platform and global initiatives.

    Getting Started

    Mining with ZA Miner is simple:

    • Register an Account – Takes less than a minute.
    • Claim $100 Contract – Begin mining immediately with no upfront cost.
    • Upgrade Anytime – Choose paid plans to increase mining returns.

    Get Started with $100 and Earn more with ZA Miner

    To claim a free $100 cloud mining contract, visit www.zaminer.com. Follow ZA Miner on Twitter: @zamining and YouTube: youtube.com/@Zaminers.

    About ZA Miner

    ZA Miner is a cloud mining service provider based in the United Kingdom, offering secure, user-friendly, and eco-conscious cryptocurrency mining solutions. With a mission to make digital asset mining accessible worldwide, ZA Miner combines regulatory compliance, renewable energy, and financial inclusion to lead the future of decentralized finance.

    Media Contact:
    Anisah Fatema Sheikh
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/719abd74-ebac-4dad-9cee-c3aa89b03ecf
    https://www.globenewswire.com/NewsRoom/AttachmentNg/3e093320-e642-44b3-ae72-522049cbc681

    The MIL Network –

    May 20, 2025
  • People are waiting with bated breath, the money trail, its source, its purpose, did it pollute the judicial system? Who are the bigger sharks, asks VP om justice verma cash recovery case

    Source: Government of India

    Source: Government of India (2)

    lign=”center”>The rule of law is the very foundation of society; VP questions delay in FIR Time has come to revisit K. Veeraswami Judgement, a Judicial Legerdemain -VP Judicial landscape is changing for the better-VP expresses hope 3 member Committee has no constitutional premise or legal sanctity-VP on Justice verma cash recovery case We must believe in protocol, really beholden to the present Chief Justice for inviting attention to protocol-VP I am also a sufferer-VP on protocol breach

    The Vice-President of India, Shri Jagdeep Dhankhar has today stated that it is time to revisit the K Veeraswamy judgement of 1991. In his address he stated, “ The genesis of this impregnable cover is a judgment imparted by the Supreme Court in K. Veeraswami case 1991. If I may put it…..Judicial Legerdemain. Normally it is used for legislature. Am I right? Erected scaffolding of impunity, paring neutralising all salvos of accountability and transparency. Time for us now to change.  And I have full trust and confidence in the present Supreme Court, which is of eminent people, people of integrity. In a short time the present Chief Justice has shown that things are soothing for people at large.”

    https://twitter.com/VPIndia/status/1924472198896431405

    In his address he further added, “ There is need to protect judiciary. We have to ensure our judges are not made vulnerable because they decide fearlessly. They do the most difficult job. They deal with powers in the executive. They deal with powers in industry. They deal with mighty power that has great economic strength  and institutional authority. And therefore, we must protect them. We must evolve our mechanism. Not for a moment I will see. I will  indicate that we must make our judges vulnerable. No. We have to provide judges with something like impregnability when it comes to challenge to the judges on sinister premise by pernicious design by forces that cannot digest independence of judiciary. But that requires in-house regulatory mechanism which is transparent, accountable expeditious and which should not have peer concern. We all are victims of it. For example, in Parliament, a breach of privilege is determined by the same people who sit alongside but we have to be ruthless”.

    https://twitter.com/VPIndia/status/1924471036374045173

    Speaking at the book release function of the book ‘The Constitution We Adopted (With Artworks)’ edited by Shri Vijay Hansaria at Bharat Mandapam, Shri Dhankhar underlined, “…….a robust Judicial system is quintessential to survival of democracy, to blossoming of democracy. And if that system, for one incident, is clouded somewhat, it is our pious obligation to clear the air at the earliest. And I say so for this reason, that investigation all over the world is domain of the executive, adjudication thereof is the domain of judiciary. I wonder, as Chairman Rajya Sabha, having examined the scenario which obtains in the country for removal of a judge………the committee can be legitimately constituted only either by the Speaker or the Chairman, as the case may be, when requisite number of members of Parliament come with a resolution to remove the judge. Now just imagine how much labor has gone to Chief Justices of two high courts. In one high court, the coverage area is two states and a union territory. They involved with an inquiry which does not have any constitutional premise or legal sanctity but most importantly it will be in consequential. The inquiry report may be sent to anyone under a mechanism evolved by the court on the administrative side. Can in this country we afford to invest so much time at the cost of administrative work of the chief justice of High Court? A judicial work of the High Court? And I still wonder, while investigating, or so-called investigation, the Three Judge Committee recovered electronic equipments from people. This is a serious issue. How can this be done? All I am suggesting to you is, with that caveat, I’m a foot soldier of judiciary. We have to set highest standards, exemplary standards indicating adherence to rule of law”.

    https://twitter.com/VPIndia/status/1924457449131548698

    Emphasizing on the significance of rule of law in a democracy, the Vice-President stated, “ We’re confronted with the jarring reality. A judge’s residents in lutyens Delhi had burnt notes, cash. There is no FIR till date. We have in the country rule of law, criminal justice system. And if I go to the legal field which is occupied by legislation, there can be no occasion whatsoever to delay even for a moment because that is ordainment of law. The rule of law is the very foundation of society. Democracy has to be defined primarily by three aspects. expression. Second, dialogue. Third, accountability……The surest way to degenerate an individual or bring down an Institution is to keep it away from probe, keep it away from scrutiny…..And therefore,  if we have to really nurture democracy, ensure that democracy blossoms, it is inescapable that we hold every institution accountable and every individual accountable and in accordance with law.”

    https://twitter.com/VPIndia/status/1924462174602457386

    “Today I am reflecting not as a by standing detector but as a foot soldier of judiciary. I have given my best life in judiciary and I was extremely lucky. I can never envisage that I will do anything which in the  remotest form will compromise dignity of judiciary. I started with that, protocol. But I have raised issues consistently because a robust independent judicial system is the safest guarantee for the citizen and also for survival of democracy. Now, I find at the moment a big change taking place. Judicial landscape is changing for the better. The outgoing Chief Justice, Justice Khanna, set very high standards in accountability, transparency. He needs to be commended that the incident to which I referred at the residence of a judge. And please don’t mistake me. I give highest premium and value to innocence of a person. We are supposed to be innocent till proved otherwise. I am casting no aspersions. But all I say is that when it comes to national interest, we cannot divide into compartments, insiders or outsiders. We all are united in nurturing constitutional sense and spirit. I am the one who held the fort that because of legacy issues mechanism evolved by a judgement in early 90s. The present Supreme Court did what it could to the maximum extent. But time has come now for revisitation because the scenario is indeed one. for which every person in the country is waiting. They want nothing but absolute truth to come out”, he added.

    https://twitter.com/VPIndia/status/1924466096704192699

    Stressing further on the need for a scientific criminal investigation, Shri Dhankhar stated, “Everyone in the country is now thinking whether this will be washed off, whether it will fade with time, and they are really concerned. How come criminal justice system was not operationalised as it would have done for every other individual? Even with respect to the Hon’ble President and the Governor, only the two functionaries. The coverage of immunity is only while they hold the office. And therefore, being integral part of this institution, that has defined what we are today  and that defines what our democracy is today. This issue for which people are waiting with bated breath, the money trail, its source, its purpose,  did it pollute the judicial system? Who are the bigger sharks. We need to find out. Already two months have gone by,  and no one knows better than people before me. Investigation is required to be with expedition. So is the case with the registration of an FIR. I do hope and believe that the Supreme Court acted the very best so far because it had a legacy issue of judgments imparted in 90s. But now is the time to take a call. Partly the confidence has been restored by Justice Khanna. When you put in public domain documentation which people thought will never be shown to them. That was a big step by him to project accountability and transparency. If democratic values have to prosper, I am sure this is a test case. There must be swift investigation by those concerned with investigation. We must use scientific material. People in the front line particularly know, not many things are happening. And these days, tough times. Most guarded secret is an open secret on the street. Everyone knows it. Names are floating. Several reputations have become fragile. People think the system has really suffered something like a great challenge. The system will get purified. It will get image makeover once the culprits are brought to book and not for a moment I am indicating anyone as a culprit. Everyone is innocent till proved otherwise.”

    https://twitter.com/VPIndia/status/1924475192325104004

    https://twitter.com/VPIndia/status/1924473245652140368

    “The entire nation was worried. An incident took place on the night intervening 14th and 15th of March. A nation of 1.4 billion did not come to know about it. Till after a week. Just imagine how many such other incidents may have taken place of which we are not in the know of because every such transgression of integrity impacts common man, impacts those who believe in rule of law, in merit and therefore we have to be unsparing about it. The motto of the Supreme Court, which you must have seen number of times, I saw it every time–यतो धर्मः ततो जयः Where there is dharma, there is victory. सत्यमेव जयते Truth has to triumph in this case”, he added

    https://twitter.com/VPIndia/status/1924456239917846789

    Inviting attention to the recent remarks by the CJI regarding protocol, Shri Dhankhar today stated, “This morning I was reminded of something which is very critical in the country and that is not for oneself. What the present Chief Justice said,  we must believe in protocol. Chief Justice of the country and protocol is placed very high. When he indicated this, it was not personal, first for the position he holds and I am sure this will be kept in mind by one and all. In a sense, I am also a sufferer, you have seen the photograph of the President and the Prime Minister but not of the Vice-President. Once I demit the office, I’ll ensure that my successor has a photograph but I am really beholden to the present Chief Justice for inviting attention to the people in bureaucracy adherence to protocol is fundamental.”

    May 20, 2025
  • MIL-OSI Russia: “Lepota Day” at the Polytechnic: a family holiday that unites everyone

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On Saturday, May 17, the Polytechnic Park was a celebration: excursions, master classes, car and motorcycle rides, songs, dances, a fashion show. All this and much more was included in the program of the family festival “Lepota Day”, which has become traditional for our university thanks to successful start last year.

    The celebration for the Polytechnic University employees, their families and friends was organized by various departments of the university. They prepared several entertainment zones related to the main areas of “Lepota” – a project that has been implemented at the Polytechnic University for several years and affects various aspects of the life of the university community. These are health, sports, cultural development, care for the environment, emotional well-being, career and more.

    We are glad that the family festival “Lepota Day” is already becoming a tradition and attracts the attention of not only guests, but also participants: this year, several initiative units, knowing about the successful experience of last year, themselves asked to include them in the program. Our festival is becoming larger and more diverse, everyone will find something to their liking. I am sure that such a warm family event not only unites polytechnics and introduces their children to the best university from the inside, but also performs the most important function of forming the corporate culture and ecosystem of “Lepota”, – emphasized the head of the SPbPU Public Relations Department Marianna Dyakova.

    During the celebration, everyone was able to choose an activity to their liking. Participants enthusiastically painted the Polytechnic logo – a large letter “P”: they left warm wishes, confessed their love for their native university, and drew everything that came to mind.

    Together with the guides of the SPbPU History Museum, the university staff and guests learned about the students’ exploits during the Great Patriotic War and how the university worked during the difficult period. The lives of the polytechnic students during the war years were also the subject of a reconstruction organized by the military-historical club “Our Polytechnic”. The activists taught those who wanted to learn archery, sword handling, and historical dancing.

    Members of the role-playing club “Engineering Alliance” organized a medieval knight’s tournament. The sports and technical sports club “Extreme” demonstrated retro cars that are rarely seen on the streets. Moreover, you could ride them!

    Festival participants learned about chemical processes at a show from the student community “KhimTim”, touched the technologies of the future and controlled robots from the “Omnivorous” team.

    My daughter Alexandra really enjoyed the chemical show, and I enjoyed playing table tennis. Wonderful weather, a great holiday, a beautiful park of the Polytechnic University! We attend the family festival every year, and I can say that it has already become our tradition. The organizers are great, we had a lot of fun and positive impressions, — shared the scientific secretary of SPbPU Dmitry Karpov.

    Nine-year-old Arina and five-year-old Katya, daughters of the director of the Higher School of Software Engineering Pavel Drobintsev, especially enjoyed studying 3D modeling.

    Many visitors were attracted by the master class on creating a house for squirrels. Face painting was also very popular. The team of the psychological support center “Tochka Opory” held a class where participants sculpted from plasticine.

    We came to the celebration with the whole family: my wife Tatyana, four-year-old daughter Arina and eight-year-old son Artem. Despite being busy and having a busy work schedule, we wanted to relax and spend the weekend together. The children took part in the chemistry show with great pleasure, built a house for a squirrel and made things out of plasticine. We had a great time, learned something new and talked to friends and colleagues in an informal setting, – said Vyacheslav Olshevsky, Director of the SPbPU Student City.

    The master classes were also very much enjoyed by ten-year-old Sasha and eight-year-old Alena. They came to the party together with their grandmother Elena Druzhinina, a 1985 Polytechnic graduate.

    I studied technical cybernetics, my husband graduated from the mechanical engineering department, and my daughter is also a graduate of the mechanical engineering department. You could say that the Polytechnic is our destiny! We had very friendly groups, and even formed several married couples. Every year we get together with classmates, attend various university events. I hope that my grandchildren will also become Polytechnicians, Sasha clearly has technical abilities, – shared Elena Druzhinina.

    The event featured a fashion show, where the main stars were the pets of the Polytechnic University employees. The owners dressed their pets in costumes, giving everyone an unforgettable experience. Public relations specialist Alina Melnikova decorated her dog Iriska with a multi-colored hat, which suited her amazingly.

    Iriska did a great job as a photo model today. She stood on the path, everyone was taking pictures of her and petting her, Alina Melnikova said.

    Lead programmer of the IT Department Artem Prokofiev came to the festival with a Spitz named Loki: Loki has many costumes, we chose the most beautiful one for the show. My dog is very demanding and cunning by nature. If he doesn’t like something, it immediately becomes noticeable.

    Through an exciting game and casual conversation, the Center for Career Guidance and Pre-University Training helped polytechnic students and their friends determine their interests, find a suitable area for development, and draw up a plan for mastering a specialty.

    For fans of active recreation, the skateboarding community organized a master class on basic tricks, a relay race with prizes, and a mass race around the site. There was also a master class dedicated to the technique of Nordic walking.

    Popular songs of the Russian stage were performed by the participants of the project “Star of Polytechnic”. This is an annual competition that gives students the opportunity to gain fame and develop themselves creatively. The finalists and participants of the project become welcome guests at events of various levels. In the Polytechnic Park, they delighted guests with modern compositions and hits of the Soviet era.

    I love the Polytechnic University and the people who work here. I have worked at the Polytechnic all my life, my eldest son is a polytechnician. I came to the festival with my youngest son Egor. He enjoyed playing table tennis, he liked the retro cars. The podium show was great! I wish further development to the family festival “Lepota Den”, this is a wonderful tradition, – shared the director of the Department of Economics and Finance Elena Vinogradova.

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

    MIL OSI Russia News –

    May 20, 2025
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