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Category: Finance

  • MIL-OSI: CBAK Partners with Kandi to Localize Lithium Battery Facilities in the U.S. in Phases

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, April 14, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”) a leading lithium-ion battery manufacturer and electric energy solution provider in China, jointly with Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi”), a global leader in new energy innovation, today announced a strategic partnership to establish two lithium battery production facilities in the United States. Both companies are currently evaluating potential locations for the facilities. The first facility, dedicated to battery pack assembly, is scheduled for near-term development. The second, focused on battery cell manufacturing, is envisioned as a longer-term initiative that Kandi and CBAK will pursue when market conditions are conducive. Each facility will be established as a separate joint venture, with distinct ownership structures designed to align with the unique objectives and scale of each project.

    This partnership underscores CBAK’s long-term commitment to its global expansion strategy. As part of this vision, CBAK is actively evaluating locations outside of China to establish new battery manufacturing capabilities. In the near term, the Company, most likely, plans to launch small-scale battery cell production in a Southeast Asian country, while jointly pursuing the development of a battery cell manufacturing facility in the U.S. with Kandi as a longer-term initiative.

    By building localized production capacity for both battery cells and battery packs, CBAK and Kandi aim to address the surging demand in North America’s growing off-road and recreational vehicle markets. This collaboration not only enhances supply chain resilience, but also aligns with the clean energy incentives outlined in the U.S. Inflation Reduction Act (IRA). Collectively, these efforts position both companies to navigate evolving global trade conditions, embrace localization trends, and drive sustainable long-term growth.

    As part of the collaboration, two distinct joint ventures will be established. Kandi will lead the development of the battery pack assembly facilities and hold a 90% equity stake in that joint venture. In parallel, CBAK will take the lead on the battery cell manufacturing facilities, holding a 90% equity stake in the corresponding joint venture. Leveraging their respective expertise, the two companies will jointly develop advanced, high energy density battery systems tailored to meet the specific performance demands of off-road and powersports vehicles.

    To ensure a seamless production ramp-up at Kandi’s battery pack facility, CBAK will supply battery cells at market rates—initially from its planned overseas production capacity in the near term, and later from its anticipated U.S.-based facility. This approach supports the creation of an integrated, end-to-end supply chain from battery cells to complete systems.

    According to market reports1, the North American market for UTVs, golf carts, and other off-road vehicles was valued at $16.7 billion in 2024 and is projected to reach approximately $25.0 billion by 2030. The partnership is well-positioned to capture a meaningful share of the battery needs of this expanding market.

    Zhiguang Hu, CEO of CBAK Energy, commented, “This collaboration with Kandi reflects our shared vision to globalize advanced battery manufacturing while adapting to the evolving U.S. market. Our expertise in cell design and production will be key to establishing a reliable local supply for emerging off-road and recreational vehicle platforms.”

    Feng Chen, CEO of Kandi Technologies, commented, “This partnership with CBAK marks a strategic milestone in our North American expansion. By localizing battery cell and pack production, we’re enhancing supply chain agility and aligning with U.S. clean energy policy incentives. We are positioned to meet fast-rising demand in the off-road and recreational vehicle category, creating sustainable value for our shareholders.”

    Final terms are subject to definitive agreements, and project locations and timelines may change. For more information, please refer to the official filings.

    About CBAK Energy
    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn

    About Kandi Technologies Group, Inc.
    Kandi Technologies Group, Inc. (KNDI), headquartered in Jinhua New Energy Vehicle Town，Zhejiang Province, is engaged in the research, development, manufacturing, and sales of various vehicular products. Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Technologies Group Co., Ltd. (“Zhejiang Kandi Technologies”), formerly, Zhejiang Kandi Vehicles Co., Ltd. and its subsidiaries including Kandi Electric Vehicles (Hainan) Co., Ltd. and SC Autosports, LLC (d/b/a Kandi America), the wholly-owned subsidiary of Kandi in the United States, and its wholly-owned subsidiary, Kandi America Investment, LLC. Zhejiang Kandi Technologies has established itself as one of China’s leading manufacturers of pure electric vehicle parts and off-road vehicles.

    For further inquiries, please contact:

    In China:

    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn

    ________________________________

    1 Sources: Global Market Insights, NextMSC, and Market Research Future.

    The MIL Network –

  • MIL-OSI: CURRENC Group to Report Full Year 2024 Financial Results on April 16, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 14, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that it will report its full year 2024 financial results before the market opens on Wednesday, April 16, 2025.

    Management will hold a conference call at 8:00 a.m. Eastern Time on Wednesday, April 16, 2025.

    Participant Online Registration:
    https://registrations.events/direct/Q4I632571

    Webcast:
    https://events.q4inc.com/attendee/835144607

    A live webcast of this conference call will be available at https://investors.currencgroup.com. A replay of the conference call will be available at the same link above.

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Investor & Media Contact

    CURRENC Group Investor Relations

    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI Economics: François Villeroy de Galhau: A European approach to simplification – avoiding three misconceptions, and suggesting concrete milestones

    Source: Bank for International Settlements

    Ladies and Gentlemen, 

    I am pleased to attend this Eurofi Summit here in Warsaw – the birthplace of Marie Skłodowska-Curie, renowned French-Polish scientist and two-time Nobel laureate. A great European as well, currently among the shortlisted personalities to appear on future euro banknotes. Let me start with one strong belief on Europe, which is our common safe haven. In this newly chaotic world, we have an absolute duty and a unique opportunity to enhance our economic power, which means accelerating on at least two positive solutions: (i) to build a digital euro to anchor our monetary sovereignty, in partnership with commercia banks, (ii) to have now a comprehensive legislative package put forward by the Commission to integrate more the Single market and the Savings and Investments Union, following the Draghi and Letta Reports. On both fronts, waiting in tetany or stupefaction would be lethal, and speed is of the essence: let us act faster and further.

    Coming back to science, financial stability and banking regulation must likewise be built on rigour – but also on clarity. In times of heightened uncertainty, we must not lose sight of the fundamental “why” that underpins our regulatory architecture. 

    I will first elaborate on three misconceptions and one rightful takeaway for simplification (I), before suggesting a few concrete milestones to go down the road (II).

    MIL OSI Economics –

  • MIL-OSI: Toobit x TradingView: Experience Seamless Futures Trading with Pro-Level Precision

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Island, April 14, 2025 (GLOBE NEWSWIRE) — Toobit, a rising star in the world of cryptocurrency trading, continues to push boundaries through user-first innovations and state-of-the-art tools. In their latest stride toward delivering an enhanced trading journey for traders of all levels, Toobit has officially integrated its Futures trading platform with TradingView  — one of the industry’s most trusted and feature-rich charting platforms. This powerful integration merges Toobit’s advanced futures trading infrastructure with TradingView’s intuitive interface and deep analytical capabilities, offering users a smoother, smarter, and more data-driven trading experience.

    What Is TradingView?

    TradingView is a widely respected charting and social network platform used by millions of traders worldwide. Known for its sleek interface and comprehensive set of technical analysis tools, TradingView allows users to monitor financial markets, draw insights, and share trading ideas in real-time.

    When it comes to futures trading, TradingView becomes even more powerful. It provides dynamic charts, a wide array of indicators, and the ability to test strategies—making it an essential tool for both novice and professional traders. The integration with Toobit means users can now access all these tools directly while trading, making decision-making faster and more data-driven.

    Key Benefits of Integration

    The TradingView and Toobit integration brings several standout advantages:

    • Real-Time Market Data Visualization: Toobit traders can now view live futures data on TradingView’s interface, enhancing situational awareness and reaction speed during fast-moving markets.
    • Advanced Charting Tools: Traders gain access to a suite of indicators, drawing tools, and customizable layouts that allow for deep technical analysis of futures pairs.
    • Integrated Watchlists and Layouts：Customize your TradingView workspace with Toobit pairs, enabling a more efficient and centralized monitoring experience.

    What This Means for the Toobit Community

    This integration marks an important milestone for the Toobit ecosystem by enhancing the way users analyze and track futures markets. Key benefits include:

    • Stronger Technical Analysis Capabilities
      With access to TradingView’s professional-grade charts and analytical tools, Toobit users can now explore market trends, price movements, and potential trade setups with greater depth and clarity.
    • Smoother User Experience
      Viewing Toobit futures data on TradingView allows for a centralized, intuitive interface where users can conduct analysis more efficiently without switching between platforms.
    • Improved Market Monitoring
      Real-time visualization of Toobit futures markets empowers users to make timely, data-informed decisions—an essential edge in fast-moving crypto environments.

    What’s Next for Toobit?

    Toobit is committed to continuous platform enhancement. Future phases of the TradingView integration will explore interactive features such as trade execution, order management, and strategy sharing. Additionally, Toobit will continue expanding asset offerings, improving user interface design, and providing more educational and multi-language support.

    Conclusion

    The integration of Toobit’s Futures platform with TradingView marks a significant milestone. Traders can now access real-time market data and leverage TradingView’s advanced charting tools to deepen their understanding of price movements and market trends. This streamlined access to professional technical analysis within a familiar interface sets a new benchmark for futures market insight. Whether you’re an experienced trader or just starting out, this integration offers a smarter, more informed way to navigate the crypto futures landscape.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Erin G
    Email: erin.gao@toobit.com
    Website: www.toobit.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/299c94e3-8405-424c-9b3d-a7d842305028

    The MIL Network –

  • MIL-OSI: Cielo Provides Update on Corporate Matters

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) today provides an update on certain business and corporate matters.

    Corporate Update Webinar

    Cielo is pleased to announce that the corporate update webinar (the “Webinar”) with CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal, as previously announced on April 1, 2025, and re-scheduled on April 9, 2025, will now take place on April 17, 2025. The Webinar will provide Cielo’s shareholders and stakeholders with updates on the Company’s strategic initiatives and future outlook.

    Webinar Details

    Date: Thursday, April 17, 2025
    Time: 2:00PM Mountain Standard Time
    Registration Link: Cielo Webinar (Posted on the Cielo Website under News and Media)

    Duration: 1 Hour

    A recording of the Webinar will be made available on Cielo’s website following the event.

    Corporate Strategy

    As previously announced on April 1, 2025, Cielo intends to relocate its first planned commercial waste-to-fuel facility for the processing of scrap railway ties from Carseland, Alberta to British Columbia, and transition fuel to be produced from renewable diesel to green hydrogen. This strategic pivot allows Cielo to explore funding opportunities through the British Columbia Low Carbon Fuel Standard (BCLCFS) credit program as well as revises the Company’s approach as the demand for renewable fuels changes to better meet market demand.

    Cielo continues to be engaged in advanced discussions with a technology provider on a project in British Columbia that will utilize scrap railway ties as feedstock to produce green hydrogen for use in the British Columbia market and is pleased to announce that it has also identified two proposed additional projects for development in the United States.

    Cielo is excited to continue executing its broader strategy of providing solutions that address processing waste into useful products, including in green hydrogen, renewable natural gas and other low-carbon initiatives. Cielo continues to explore other projects and funding partners to drive its commitment to innovation and environmental sustainability and achieve success in the short-term and sustainable profitable growth in the long-term. Further updates will be provided in the Webinar.

    Dispute Resolution

    As previously announced on April 1, 2025, as a result of recent disagreements between Cielo and Expander Energy Inc. (“Expander”) on various matters, the Company notified Expander of the Company’s intentions to initiate a dispute resolution process in accordance with a licence agreement (“License Agreement”) between the Company and Expander. Cielo had previously received notices of breach from Expander with regard to the License Agreement as well as an asset purchase agreement and a management services agreement (“Management Services Agreement”), each between the Company and Expander, which notices had, among other things, announced Expander’s intentions to terminate the License Agreement.

    On April 11, 2025, Cielo received termination notices (“Termination Notices”) from Expander terminating both the License Agreement and the Management Services Agreement, effective immediately. Concurrently, Cielo also received statements of claim (“Statements of Claim”) from Expander in connection with the License Agreement, the Management Services Agreement and a supply and services agreement between the Company and Expander. Cielo is in the process of reviewing the contents of the Termination Notices and the Statements of Claim and is working diligently with legal and other professional advisors with respect to same to ensure the interests of shareholders are protected.

    Cielo will continue to provide material updates as they become available. As previously announced on April 9, 2025, Cielo has retained Norton Rose Fulbright Canada LLP as legal advisor.

    ABOUT CIELO

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

    For further information please contact:

    Cielo Investor Relations

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

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. Cielo is making forward-looking statements, including but not limited to, with respect to: the Webinar and the date thereof; the change of location of the first planned commercial facility and the focus on green hydrogen; the exploration and use of financial incentives in British Columbia; the Company’s strategic focus; the Company’s intention to continue to explore alternative partnerships and funding opportunities; the dispute resolution process with Expander, including the Company’s review of the Termination Notices and Statements of Claim, Cielo’s intentions with respect thereto and that the Company will provide further updates as they become available.

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

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

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

    The MIL Network –

  • MIL-OSI: StoneX to Acquire R.J. O’Brien, Creating a Market Leader in Global Derivatives

    Source: GlobeNewswire (MIL-OSI)

    • Transformational acquisition strengthens StoneX’s position as a leading Futures Commission Merchant (FCM) with a premier global derivatives platform
    • R.J. O’Brien is the oldest futures brokerage in the United States, founded in 1914
    • Firms share a complementary focus on client service and prudent risk management
    • Transaction adds over 75,000 clients and grows StoneX client float to over $13 billion
    • Cross-sell opportunities will drive material revenue synergies, particularly in over-the-counter (OTC) derivatives, physical commodity trading, and fixed income products
    • Acquisition expected to enhance margins, EPS, and return on equity
    • Consolidation of operations expected to drive more than $50mm in expense synergies and unlock at least $50mm in capital synergies

    NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (NASDAQ: SNEX) (“StoneX”) today announced that it has entered into a definitive agreement to acquire R.J. O’Brien (“RJO”), the oldest futures brokerage in the U.S., for an equity value of approximately $900 million. The purchase price will be paid in a combination of cash and shares of StoneX common stock. StoneX will also assume up to $143 million of RJO debt. The acquisition significantly strengthens StoneX’s position as a leading FCM and enhances its role as an essential part of the global financial market structure, offering institutional grade execution, clearing, custody, and prime brokerage across all asset classes.

    With over 110 years of futures and clearing expertise, RJO, through its FCM and global affiliates, supports over 75,000 client accounts and serves the industry’s largest global network of introducing brokers (“IBs”), as well as commercial and institutional clients, and individual investors.

    As a result of the acquisition, RJO’s clients will benefit from StoneX’s extensive range of markets, products, and services, including an expansive over-the-counter (“OTC”) hedging platform, physical commodities hedging, financing, and logistic services, as well as access to deep liquidity across fixed income products.

    The acquisition expands StoneX’s client float by nearly $6 billion, adds nearly 300 IBs to its network, and is projected to increase cleared listed derivatives volume by ~190 million contracts annually.

    RJO brings an attractive financial profile to StoneX, having generated $766 million in revenue and approximately $170 million in EBITDA during calendar 2024.

    Sean O’Connor, Executive Vice-Chairman of StoneX, commented on the transaction: “This is a transformational transaction for StoneX, establishing us as a leading global derivatives clearing firm and reinforcing our position as an integral part of the global market structure across asset classes. Combining R.J. O’Brien’s extensive client network and proven clearing capabilities with StoneX’s deep liquidity, innovative OTC hedging solutions, and leading risk management infrastructure, we are well-positioned to continue to deliver exceptional services, broader market access, and industry-leading trading solutions to our combined client base. We are very pleased that Gerry Corcoran, who has been the CEO and driving force behind RJO, will continue on with StoneX in a senior leadership role.”

    Gerry Corcoran, Chairman and CEO of RJO, spoke to the significance of the deal: “We’re extraordinarily excited about this partnership between two great companies that each bring over a century of history in the futures industry and complementary capabilities, products, services, and cultures. We both prioritize a profound commitment to our clients and a focus on prudent risk management. In addition to all the products we offer today, our clients and brokers will have a plethora of new products and services across asset classes available at their fingertips, bringing meaningful new trading and hedging opportunities. At the same time, our organization will benefit from new efficiencies, premier technologies, and greater growth potential.”

    Financing, Balance Sheet Impact, and Approvals

    StoneX is acquiring RJO for approximately $900 million in equity value, comprised of $625 million in cash and approximately 3.5 million shares of StoneX common stock, each subject to customary purchase price adjustments. StoneX has obtained fully committed bridge financing for the cash portion of the consideration and plans to issue approximately $625 million of long-term debt prior to the closing date.

    The transaction is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions.

    Advisors

    Bank of America is acting as exclusive financial advisor to StoneX and is providing committed debt financing for the acquisition. Davis Polk & Wardwell LLP is serving as StoneX’s legal counsel. Broadhaven Capital Partners is acting as exclusive financial advisor to RJO, and Mayer Brown LLP is serving as its legal advisor.

    Webcast and Conference Call Information

    The Company will host a conference call to discuss the transaction today at 9:00 a.m. Eastern time. A live webcast of the conference call as well as additional information to review during the call will be made available in PDF form online on the Company’s corporate website at https://register.vevent.com/register/BIe20141cf7fd043c89fde461964a3582e approximately ten minutes prior to the start time. Participants may preregister for the conference call here.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its more than 4,600 employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 self-directed/retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.

    About R.J. O’Brien

    Founded in 1914, R.J. O’Brien & Associates is one of the leading futures brokerage and clearing firms in the United States, serving more than 75,000 institutional, commercial and individual clients globally, in addition to a network of approximately 300 IBs. RJO services the industry’s most expansive global network of IBs, a vast array of middle market firms and many of the world’s largest financial, industrial and agricultural institutions. The firm offers state-of-the-art electronic trading and 24-hour trade execution on every major futures exchange worldwide. RJO received the FOW International Award for Non-Bank FCM of the Year for five consecutive years, and the firm and its UK affiliate have earned eight honors from the HFM Global publications (now With Intelligence) in recent years.

    Cautionary Note Regarding Forward-Looking Statements
    Statements in this release that are not historical facts are “forward-looking” statements and “safe harbor statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in StoneX’s public filings with the Securities and Exchange Commission. Forward-looking statements are based on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements about the benefits of the proposed acquisition of RJO, including expected synergies and future financial and operating results, the plans, objectives, expectations and intentions of StoneX after the acquisition, the expected timing to close the acquisition and the expected use of proceeds of any debt financing. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Therefore, we caution you against relying on any of these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the risks related to the proposed acquisition and the integration of RJO as well as the risks and other factors described in StoneX’s periodic reports filed with the Securities and Exchange Commission. In providing forward-looking statements, StoneX is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If StoneX updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

    Media Contact:

    Cognito Media
    StoneX@cognitomedia.com

    Investor Relations Inquiries:

    Kevin Murphy
    (212) 403 – 7296
    kevin.murphy@stonex.com
    SNEX-G

    The MIL Network –

  • MIL-OSI Russia: Dmitry Patrushev visited Rostov region on a working visit

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Patrushev visited Rostov Oblast on a working trip.

    12 hours ago

    During a working visit to Rostov Oblast, Deputy Prime Minister Dmitry Patrushev held a meeting with Acting Governor Yuri Slyusar. The topics of discussion were the sowing campaign, as well as the implementation of national projects in the field of ecology and food security.

    “Rostov Region is one of the strongest agricultural regions of Russia, which is traditionally among the first to begin spring field work. I ask you to ensure control over the pace of work and the provision of farmers with the means of production. In particular, equipment and mineral fertilizers. The agro-industrial complex plays a huge role in the region’s economy. According to the results of 2024, Rostov Region harvested the second largest grain crop in the country and the third largest sunflower crop,” Dmitry Patrushev noted.

    The meeting discussed the participation of the Rostov Region in the events of the new national project “Technological Support for Food Security”. The Deputy Prime Minister emphasized that the Government has allocated more than 3.5 billion rubles this year to support the agro-industrial complex and develop rural areas of the Rostov Region. The volume of gross regional product is increasing. Investments in fixed capital are growing.

    During the meeting, the results of the implementation of the national project “Ecology” were also summed up. Almost 4.5 billion rubles have been sent to the region over six years. Within the framework of the national project “Ecological Well-being” until 2030, federal funding will amount to about 8 billion rubles – work will continue on creating a closed-loop economy, improving the condition of water bodies, preserving forests and other areas.

    Dmitry Patrushev also got acquainted with the spring field work at one of the region’s farms. The Deputy Prime Minister checked the progress of work on the winter field and sunflower sowing. The farm specializes in the production and sale of agricultural crops (winter wheat, spring barley, peas, sunflower, oil flax). The farm widely uses seeds of domestic selection.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Listing of shares of MFC “Zaimer” on Moscow Exchange marks one year

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    April 12, 2025 marks one year since the initial public offering of shares of PJSC MFK Zaimer on the Moscow Exchange stock market (Loan). The company operates in the Russian microfinance services market and issues cash loans to individuals online.

    The company’s market capitalization today is 14.8 billion rubles, the share of shares in free circulation (free float) is 14%.

    The shareholder base consists of approximately 32 thousand private and institutional investors.

    The company’s shares are traded at the third level of listing and are included in the settlement bases Moscow Exchange Broad Market Index, Moscow Exchange IPO Index, Moscow Exchange Finance Index and others.

    Investors can make transactions with shares of MFC Zaimer on the main, morning and evening trading sessions of the stock market, as well as during an additional trading session on weekends.

    MFC Zaimer is one of the leaders in the Russian microfinance market with its own fintech platform. The company’s mission is to provide millions of people with convenient access to borrowed resources, helping to solve everyday and unforeseen financial issues. Since the issuance of the first online loan in 2014, the total volume of Zaimer loans has exceeded 270 billion rubles. The company’s registered client base includes more than 20 million people.

    Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    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: //VVV. MEEX.K.MO/N89459

    MIL OSI Russia News –

  • MIL-OSI: Signing Day Sports Signs Non-Binding Letter of Intent to Acquire All Equity of blockchAIn Digital Infrastructure, a Profitable Data Hosting Company

    Source: GlobeNewswire (MIL-OSI)

    blockchAIn Digital Infrastructure Generated Unaudited Revenue of $26.8 million and Net Income of $4.0 million in 2024

    blockchAIn Digital Infrastructure Focused on Crypto Mining, Artificial Intelligence (“AI”), and High-Performance Computing (“HPC”) Data Hosting Markets

    blockchAIn Digital Infrastructure Expected to Expand into U.S.-based Crypto Mining

    SCOTTSDALE, Ariz., April 14, 2025 (GLOBE NEWSWIRE) — Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the signing of a non-binding letter of intent (“LOI”) to acquire 100% of the issued and outstanding shares of blockchAIn Digital Infrastructure (collectively together with certain of its affiliates and subsidiaries, “blockchAIn Digital Infrastructure” or “blockchAIn DI”) which will operate a crypto mining, AI and HPC data hosting company with an expected 200MW of properties in South Carolina and Texas. The transaction will be structured as an all-equity exchange in which Signing Day Sports will acquire all of the equity securities of blockchAIn Digital Infrastructure through the issuance of its equity securities to the equity securityholders of blockchAIn DI. Signing Day Sports will not be required to make any cash payment to blockchAIn Digital Infrastructure or the securityholders of blockchAIn DI in connection with the transaction.

    In 2024, blockchAIn Digital Infrastructure generated unaudited revenue of $26.8 million and net income of $4.0 million.

    The market for digital infrastructure—including crypto mining, HPC, and AI-related computing—is evolving rapidly as demand for energy-efficient processing power continues to grow. Amid increasing sustainability standards and renewed emphasis on domestic infrastructure, blockchAIn Digital Infrastructure is positioned to pursue opportunities across a wide range of compute-intensive applications.

    blockchAIn Digital Infrastructure’s current operations include a 40 MW crypto mining hosting facility in South Carolina with expansion capability to 50 MW for third-party crypto miners in South Carolina, subject to utility approval. blockchAIn Digital Infrastructure anticipates transitioning to internally owning and mining crypto currency at their South Carolina facility in late 2025 or early 2026, to facilitate revenue and earnings growth. blockchAIn Digital Infrastructure is also in the process of commissioning a new 150MW crypto mining, AI and HPC data hosting facility in Texas with favorable economics with 34.5kV of interconnectivity to the grid for activation in late 2026. The Texas facility can be modularly built providing flexibility for crypto mining and/or AI and HPC data hosting activities. It is currently anticipated that the first 100MW will be initially focused on internally owned crypto mining operations and the remaining 50MW of capacity used for AI and HPC data hosting. This capital efficient and flexible modular business model will provide blockchAIn DI with optionality to pursue different revenue mixes as the crypto mining, AI and HPC markets continue to develop.

    Signing Day Sports views the proposed transaction as a compelling opportunity to enhance its platform by combining with a technology-driven business with strong fundamentals and scalable infrastructure.

    The transaction between blockchAIn Digital Infrastructure and Signing Day Sports is intended to result in the combined company being traded on the NYSE American. blockchAIn Digital Infrastructure will continue to operate under blockchAIn DI’s management team, and it is intended that blockchAIn Digital Infrastructure will merge with and into a newly-formed subsidiary of Signing Day Sports with blockchAIn Digital Infrastructure, surviving the merger and become a wholly-owned subsidiary of Signing Day Sports.

    “This transaction gives us a highly strategic entry point into the digital infrastructure space—one that is already revenue-generating, cost-efficient, and well-positioned to scale,” said Danny Nelson, Chief Executive Officer of Signing Day Sports. “blockchAIn Digital Infrastructure provides a platform anchored by crypto mining operations, HPC capacity, and a clear roadmap toward AI workload enablement. We are excited about the potential to participate in this growing market through a combined company with proven assets, operational depth, and a strong financial foundation. Our teams will work expeditiously to move the transaction forward and we anticipate completing the due diligence and definitive docs within the next 45 days.”

    The LOI is non-binding, and the transaction’s completion remains subject to customary due diligence, execution of definitive agreements, regulatory and stock exchange approvals, and other standard closing conditions. Signing Day Sports intends to provide further updates as discussions progress.

    Terms of the Transaction

    The business combination is expected to be effectuated through a structure, whereby blockchAIn Digital Infrastructure will merge with and into a newly formed subsidiary of Signing Day Sports with blockchAIn Digital Infrastructure surviving the merger and becoming a wholly-owned subsidiary of Signing Day Sports. The parties may also agree upon a to-be-determined alternative structure based on the appropriate legal, tax and accounting structuring advice of their respective representatives. Under the LOI, the consideration to be paid at closing to blockchAIn Digital Infrastructure or their securityholders will be comprised of shares of Signing Day Sports common stock with a value of approximately $215.0 million, subject to an exchange ratio and other certain adjustments, at an implied value per share for Pubco of $10.04 (including adjustment as applicable for exchange listing purposes). Upon the closing of the business combination, the stockholders of Signing Day Sports are anticipated to collectively own approximately 8.5% of the outstanding common stock of the combined company, and blockchAIn Digital Infrastructure’s equity securityholders are anticipated to collectively own approximately 91.5% of the outstanding common stock of the combined company. The board of directors of Signing Day Sports post-transaction will be comprised of no less than five (5) and no greater than seven (7) directors. At least one director will be designated by the existing directors of Signing Day Sports, and blockchAIn DI will designate the remaining directors. blockchAIn DI will also designate the new Chief Executive Officer and Chairman of the Company.

    It is anticipated that the definitive agreements will contain customary representations, warranties and covenants made by Signing Day Sports and blockchAIn Digital Infrastructure, including covenants relating to both parties using their commercially reasonably efforts to cause the transactions contemplated by the agreement to be satisfied, covenants regarding obtaining the requisite approval of Signing Day Sports’ stockholders, covenants regarding indemnification of directors and officers, and covenants regarding Signing Day Sports’ and blockchAIn Digital Infrastructure’s conduct of their respective businesses between the date of signing of definitive agreements and the closing, and other customary conditions to closing. It is anticipated that definitive agreements will also contain certain termination rights for both Signing Day Sports and blockchAIn Digital Infrastructure, and, in connection with the termination of any such definitive agreements under certain circumstances, Signing Day Sports and blockchAIn Digital Infrastructure may be required to pay the other party a termination fee.

    It is anticipated that any definitive agreements will need to be approved by both of the Board of Directors of Signing Day Sports and blockchAIn Digital Infrastructure respectively. Signing Day Sports anticipates it will receive a fairness opinion in connection with the business combination in the event definitive agreements are executed. Entry into definitive agreement is subject to (i) legal, tax and accounting structuring advice, (ii) the satisfactory completion of due diligence investigation by the parties on all aspects of business, operations, financial condition and other assets and liabilities appropriate for a transaction of this nature, and (iii) the satisfaction of the conditions described in the LOI. 

    Although generally non-binding, the LOI contains certain binding exclusivity and confidentiality terms and other binding terms and provisions. The LOI provides that none of the parties will consider any other similar transaction for a period that will continue until the earlier of 45 days from the date of the LOI (April 11, 2025) or the execution of definitive agreements, subject to certain extension provisions. Following the expiration of such exclusivity period, the LOI may be terminated by any party for any reason by written notice to the other parties.

    Advisors

    Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to blockchAIn Digital Infrastructure. Loeb & Loeb LLP is serving as counsel to blockchAIn Digital Infrastructure. Bevilacqua PLLC is serving as counsel to Signing Day Sports.

    Signing Day Sports

    Signing Day Sports’ mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports’ app allows student-athletes to build their Signing Day Sports’ recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the parties’ ability to enter into definitive agreements and complete the transaction, blockchAIn Digital Infrastructure’s ability to integrate its business into that of a publicly listed company post-merger, the ability of the parties to obtain all necessary consents and approvals in connection with the transaction, obtain NYSE American clearance of a listing application in connection with the transaction, the parties’ ability to obtain their respective equity securityholders’ approval, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of blockchAIn Digital Infrastructure’s current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, and the parties’ ability to attract and retain key personnel to manage their business effectively. These risks, uncertainties and other factors are expected to be further described in a proxy statement/registration statement to be filed with the Securities and Exchange Commission relating to this transaction. See also the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contacts:
    Crescendo Communications, LLC
    212-671-1020
    SGN@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: Enlight Raises a Total of $1.5 Billion in Project Finance Following its Third U.S. Financial Close Within Four Months

    Source: GlobeNewswire (MIL-OSI)

    The financial close for Quail Ranch includes $243 million of construction loans; COD is expected towards the end of 2025

    Enlight’s three U.S. projects now under construction have a combined capacity of 1.4 FGW and are projected to generate total annual revenues of $135-140 million

    TEL AVIV, Israel, April 14, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, announces the financial close for project Quail Ranch (“Quail Ranch” or “the Project”), located near Albuquerque, New Mexico, USA. The Company, through its U.S. subsidiary Clenera Holdings LLC, has secured $243 million in construction financing commitments for the Project.

    Combining 128 MW solar generation with 400 MWh of battery storage capacity, Quail Ranch is scheduled for completion towards the end of 2025. Offtake for both generation and storage volumes is secured by a 20-year busbar PPA with the Public Service Company of New Mexico (“PNM”).

    The Project is an expansion of Atrisco, which commenced commercial operation in 2024. The shared infrastructure between the two sites accelerated Quail Ranch’s development and will reduce construction and operating costs. Both projects are situated on a desert plateau at an elevation of 1,800 meters, offering optimal solar generation conditions.

    Quail Ranch’s financial close joins those of Roadrunner and Country Acres, two other projects now under construction in the U.S., which have achieved a total of $1.5 billion in financing over the past four months with the same consortium of lenders. The three projects have a combined capacity of 1.4 FGW and are expected to generate annual revenues of $135-140 million and EBITDA of $100-110 million when commencing operations in 2025-2026.

    The financial close was led by a consortium of four global banks, including BNP Paribas Securities Corp, Crédit Agricole, Natixis Corporate & Investment Banking, and Norddeutsche Landesbank Girozentrale (Nord/LB). Upon the Project’s COD, the construction loan is expected to convert into a $120 million term loan. The Project is expected to be eligible for the Energy Community Tax Credit Bonus, and the Company anticipates finalizing a tax equity transaction during 2025.

    Gilad Yavetz, CEO of Enlight, said, “We are proud to have achieved the exceptional milestone of three significant financial closings within such a short timeframe, completing the funding for the second wave of Enlight’s U.S. projects. When operational, they will join Atrisco and Apex to generate combined annual revenues of approximately $200 million in the U.S. Quail Ranch completed its financial close after the administration announced its new tariff policy, demonstrating the project’s strength and the Company’s preparedness for this scenario.

    “Additionally, Enlight is focused on advancing the development of two additional megaprojects in the western U.S. with a combined capacity of 2.6 FGW, and which are located in areas with some of the highest solar irradiation in the country. The new projects are part of the Company’s third wave in the U.S., and construction is expected to begin in the coming months.”

    “I am very proud to partner with world-leading banks and complete a third major funding package this year,” said Adam Pishl, CEO and President of Clenera. “We continue to demonstrate our ability to bring high-quality projects banks remain excited about, despite market turbulence. Quail Ranch builds on our incredible success in New Mexico and will help meet the high demand for power to fuel American businesses and homes.”

    About Enlight Renewable Energy

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

    Investor Contact

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, the impact of tariffs on the cost of construction and our ability to mitigate such impact, , sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

  • MIL-OSI Economics: Survey on the Access to Finance of Enterprises: firms report lower interest rates amid reduced need for bank loans

    Source: European Central Bank

    14 April 2025

    • Firms reported declining interest rates on bank loans, while indicating a slight further tightening of other lending conditions.
    • The bank loan financing gap remained almost unchanged, with firms reporting a reduced need for such loans alongside a slight decrease in availability.
    • Firms’ one-year-ahead median inflation expectations decreased slightly to 2.9%, down from 3%, while median inflation expectations three and five years ahead remained unchanged at 3.0%.

    In the most recent round of the Survey on the Access to Finance of Enterprises (SAFE), covering the first quarter of 2025, euro area firms reported a net decrease in interest rates on bank loans (a net ‑12%, compared with a net ‑4% in the previous quarter), suggesting that monetary policy easing is being transmitted to firms. At the same time, a net 24% (a net 22% in the previous quarter) observed increases in other financing costs (i.e. charges, fees and commissions) (Chart 1).

    In this survey round, firms indicated a reduction in the need for bank loans (net ‑4%, unchanged from the fourth quarter of 2024, Chart 2). At the same time, firms reported broadly stable availability of bank loans (a net ‑1%, down from a net 2% in the previous quarter). This left the bank loan financing gap – an index capturing the difference between the need for and the availability of bank loans – broadly unchanged (a net ‑1%, after a net 1% in the previous survey round). The current composite financing gap indicator – which includes bank loans, credit lines and trade credit as well as debt securities and equity – is reaching levels historically associated with periods of monetary policy easing. Looking ahead, firms expect a modest improvement in the availability of external financing over the next three months.

    Firms continued to perceive the general economic outlook to be the main factor hampering the availability of external financing, as in the previous survey round (a net ‑21%, compared with a net ‑22%). A net 7% of firms indicated an improvement in banks’ willingness to lend (down from a net 8% in the previous survey round).

    A net 6% of firms reported an increase in turnover over the last three months, unchanged from the previous survey round, with a significantly higher percentage of firms becoming optimistic about developments in the next quarter (a net 30%, up from a net 11%). More firms saw a deterioration in their profits compared with the previous survey round (a net ‑16%, down from ‑14% in the previous survey round). The survey indicates that the net percentage of firms reporting rising cost pressures had also increased over the past three months.

    Firms’ expectations of selling prices over the next 12 months were unchanged, while expectations for wage costs slightly decreased, driven by lower expected pressures in the services sector (Chart 3). On average, firms’ selling price expectations remained unchanged at 2.9%, while the corresponding figure for wages was 3.0% (down from 3.3% in the previous round). At the same time, firms signalled a slight increase in other production costs (4%, up from 3.8% in the previous round).

    Firms’ inflation expectations for the short term slightly decreased, while remaining unchanged at longer horizons (Chart 4). Median expectations for annual inflation one year ahead declined by 0.1 percentage point to 2.9%, while those for three and five years ahead saw no changes, standing at 3.0%. For inflation five years ahead, fewer firms reported balanced risks (30%, down from 33% in the previous round). A higher percentage of firms is seeing risks to the five-year-ahead inflation as being tilted to the upside (55%, up from 51% in the previous round), which was mirrored by a decline in the proportion of those perceiving risks to the downside (14%, down from 16%).

    The report published today presents the main results of the 34th round of the SAFE survey for the euro area. The survey was conducted between 10 February and 21 March 2025. In this survey round, firms were asked about economic and financing developments over two different reference periods. Around half of firms were asked about changes in the period between October 2024 and March 2025. The remainder, all from the 12 largest euro area countries, were asked about changes in the period between January and March 2025. Additionally, firms also reported their expectations for euro area inflation, selling prices, and other costs. Altogether, the sample comprised 11,022 firms in the euro area, of which 10,167 (92%) had fewer than 250 employees.

    For media queries, please contact Benoit Deeg tel.: +49 172 1683704.

    Notes

    Chart 1

    Changes in the terms and conditions of bank financing for euro area firms

    Base: Firms that had applied for bank loans (including subsidised bank loans), credit lines, or bank or credit card overdrafts. The figures refer to rounds 27 to 34 of the survey (April-September 2022 to October 2024-March 2025).

    Notes: Net percentages are the difference between the percentage of firms reporting an increase for a given factor and the percentage reporting a decrease. The Expectations for selling prices, wages, input costs and employees one year ahead, by size class

    Base: All firms. The figures refer to rounds 29 to 34 (September 2023 to March 2025) of the survey, with firms’ replies collected in the last month of the respective survey waves.

    Notes: Average euro area firms’ expectations of changes in selling prices, wages of current employees, non-labour input costs and number of employees for the next 12 months using survey weights. The statistics are computed after trimming the data at the country-specific 1st and 99th percentiles. The data included in the chart refer to Question 34 of the survey.

    Chart 4

    Firms’ median expectations for euro area inflation by size class

    (annual percentages)

    Base: All firms. The figures refer to pilot 2 and rounds 30 to 34 (December 2023 to March 2025) of the survey, with firms’ replies collected in the last month of the respective survey waves.

    Notes: Median firms’ expectations for euro area inflation in one year, three years and five years, calculated using survey weights. The statistics are computed after trimming the data at the country-specific 1st and 99th percentiles. The data included in the chart refer to Question 31 of the survey.

    MIL OSI Economics –

  • MIL-OSI: Bitget Records $2.08 Trillion Total Trading Volume in Q1 2025; Spot Trading Surged 159% QoQ

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, Bitget ended the first quarter of 2025 with $2.08 trillion in total trading volume, driven by a sharp 159% increase in spot trading, which reached $387 billion. The spike came amid heightened market participation and sustained momentum across new listings and core product lines.

    User growth remained strong. Bitget added 4.89 million users on its CEX platform and 15 million users on Bitget Wallet in Q1 alone, bringing the platform’s global user base to over 120 million—a nearly 20% rise. Bitget’s native token, BGB, had a volatile but net-positive quarter. The period also saw the introduction of a refreshed roadmap for BGB, outlining expanded utility in staking, Launchpad participation, and integrations with new DeFi ecosystems. A quarterly burn schedule remains in place to manage supply-side pressures.

    Security stayed front and center, especially after a record-breaking $2.1 billion was lost to crypto hacks industry-wide. Bitget transferred nearly $100 million in ETH to Bybit after its breach, a move that signaled a rare but critical exchange-to-exchange alignment in times of crisis. Meanwhile, Bitget’s Proof-of-Reserves consistently exceeded the 130% mark through Q1. Its Protection Fund grew from $495 million in January to $514 million by March, tracking a cautious yet upward trend in asset reserves.

    “This quarter’s performance shows the value of staying agile in a volatile environment. In the next quarter, we will continue to focus on institutional-grade infrastructure and double down on expanding its Web3 presence through our ecosystem. Compliance remains a key pillar as the exchange navigates tighter global oversight while staying anchored to its core ethos: helping users trade smarter,” said Gracy Chen, CEO at Bitget.

    Beyond product performance, Bitget broadened its global footprint through on-ground events and targeted initiatives. It entered motorsports by sponsoring Brazilian driver Flávio Sampaio in the 2025 Porsche Carrera Cup and hosted Ramadan-focused gatherings across MENA and Asia. Over 60,000 meals were distributed during the holy month through donations from local partners.

    The Blockchain4Her initiative, launched in 2024 with $10 million earmarked for long-term deployment, marked its first anniversary. The program welcomed three new ambassadors and ran activations in Southeast Asia and Eastern Europe aimed at onboarding more women into Web3.

    Bitget also advanced its infrastructure and integrations. AI-backed trading tool Bitget Seed was introduced to identify and list early-stage tokens with strong on-chain signals. Integrations with Zen and Callpay improved fiat onramps across Europe and South Africa. BGB’s liquidity expanded further through Morph Chain and Bulbaswap.

    Bitget continues to scale its infrastructure, onboard new users, and optimize for resilience. With a robust user pipeline, rising token activity, and new partnerships in motion, the platform is set for another strong quarter.

    For the full Q1 2025 full report, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 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/1b44f8d0-d6b3-40ae-a53f-5e2a7967d105

    The MIL Network –

  • MIL-OSI Australia: Call for information – Assault – Wadeye

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force is calling for information after an assault occurred in Wadeye last week.

    Around 5:45am on Friday 11 April, it is alleged that a 23-year-old male was driving his Toyota Hilux work vehicle along Perdjert Street when an unknown man threw a large rock at the vehicle.

    The rock impacted the driver’s side window with the victim suffering serious facial injuries, requiring treatment at the local clinic.

    Investigations into the incident are ongoing and police are urging anyone within the community with information to come forward on 131 444 or visit your local station.

    Please quote reference number NTP2500037483. Anonymous reports can be made through Crime Stoppers on 1800 333 000.

    MIL OSI News –

  • MIL-OSI Asia-Pac: “Sci-Fi, Sci-Talk” to offer free screenings of two sci-fi films to explore relationship between technology and human (with photos)

    Source: Hong Kong Government special administrative region

         Jointly organised by the Film Programmes Office, the Hong Kong Space Museum and the Hong Kong Science Museum of the Leisure and Cultural Services Department, “Sci-Fi, Sci-Talk” will feature two popular sci-fi films, “Interstellar” (2014) and “A.I. Artificial Intelligence” (2001), which will be screened free of charge at the Lecture Hall of the Hong Kong Space Museum at 2pm on April 20 and 21 respectively, leading audiences to reflect on the impact of technological advancements on human life. 

         Astrophysicist and Associate Professor of the Department of Science and Environmental Studies of the Education University of Hong Kong, Professor Chan Man-ho, and Research Professor of the Department of Mechanical and Automation Engineering of the Chinese University of Hong Kong and Principal Investigator of the CUHK Jockey Club AI for the Future Project, Professor Yam Yeung, have been invited as guest speakers for post-screening talks respectively to explore the scientific knowledge behind the films.

         In “Interstellar”, the protagonist, Cooper, is pulled into a black hole while on a mission searching for habitable planets for humankind. He accidentally enters a five-dimensional space created by future humans, where he communicates with his daughter on Earth using gravity and helps her achieve a plan to save humanity. The film visually presents scientific concepts such as relativity, black holes and wormholes on the screen, allowing the audience to experience the wonder of science through the story.

         In “A.I. Artificial Intelligence”, directed by Steven Spielberg, a robotic boy named David, endowed with genuine human emotions, is adopted by a human, Monica, as a replacement for her seriously ill son. Following her own son’s recovery and return home, David desperately searches for a way to become a real human in the hope of regaining Monica’s motherly love and care. The film profoundly explores the relationship between love, humanity and technology, making it a classic in the genre of sci-fi films featuring robots.

         Both films are in English with Chinese subtitles.

         Admission is free on a first-come, first-served basis. For programme enquiries, please call 2734 2900 or visit www.lcsd.gov.hk/fp/en/listing.html?id=74. “Sci-Fi, Sci-Talk” is one of the programmes of HK SciFest 2025 held by the Hong Kong Science Museum from April 18 to 27. For details about HK SciFest 2025, please visit the website at www.hk.science.museum/scifest2025/?lang=en.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fatal traffic accident in Kowloon City

    Source: Hong Kong Government special administrative region

    Police are investigating a fatal traffic accident happened in Kowloon City today (April 14), in which a man died.

    At 5.37am, a public light bus (PLB) driven by a 74-year-old man was travelling along Boundary Street towards Kowloon City. When approaching the junction of Waterloo Road, it reportedly knocked down a 62-year-old man who was riding a bicycle.

    Sustaining head injuries, the man was rushed to Kwong Wah Hospital in unconscious state and was certified dead at 6.54am.

    The PLB driver was arrested for dangerous driving causing death and is being detained for enquiries.

    Investigation by the Special Investigation Team of Traffic, Kowloon West is underway.

    Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers on 3661 9023.

    MIL OSI Asia Pacific News –

  • MIL-OSI: BW Energy: Makes Final Investment Decision for the Golfinho Boost project in Brazil

    Source: GlobeNewswire (MIL-OSI)

    BW Energy makes Final Investment Decision for the Golfinho Boost project in Brazil  

    BW Energy is pleased to announce final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil.   

    The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels. The measures include upgrades to the subsea boosting system by replacing gas lift with Electrical Submersible Pumps (ESPs) at the seabed, reopening of shut-in wells, umbilicals replacement, improved field logistics and FPSO capacity enhancements. The total investment budget is USD 107 million.  

    “BW Energy continues to strengthen its position in Brazil through targeted measures on the Golfinho field to increase production, uptime and operational independence. The planned low-risk enhancements to field assets and operations offer very attractive returns and are expected to help unlock material long-term value creation for the company and its stakeholders,” said Carl K. Arnet, the CEO of BW Energy.       

    The Golfinho field is in the Espírito Santo Basin with water depths between 800 and 1,700 metres. BW Energy is the operator with 100% working interest in the Golfinho licence following the August 2023 acquisition of the Golfinho and Camarupim Clusters. Hydrocarbons are produced to the FPSO Cidade de Vitória, which BW Energy acquired and has operated since November 2023. The field has been producing since 2007.  

    More information on the Golfinho Boost project will be shared in connection with the first quarter 2025 earnings release and presentation to be held at Hotel Continental in Oslo, Norway, on 5 May.  

    For further information, please contact:  

    Brice Morlot, CFO BW Energy, +33.7.81.11.41.16 

    ir@bwenergy.com  

    About BW Energy  

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025. 

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

    The MIL Network –

  • MIL-OSI: MEXC Celebrates 7 Years of Innovation as Title Sponsor at Dubai’s Premier Crypto Event TOKEN2049

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 14, 2025 (GLOBE NEWSWIRE) — MEXC, a global leader in cryptocurrency exchange services, will proudly participate as one of the seven exclusive Title Sponsors at TOKEN2049 Dubai, taking place from April 29 to May 1, 2025, at the prestigious Madinat Jumeirah. This premier industry event coincides with MEXC’s milestone 7th Anniversary, providing an ideal platform to showcase the exchange’s continued commitment to innovation and user-centric solutions.

    Leading the Way in Crypto Accessibility

    As TOKEN2049 Dubai prepares to welcome 15,000 attendees from over 4,000 companies worldwide, MEXC will demonstrate why it has become the preferred platform for 36 million users across 170+ countries. Under the brand promise “Your Easiest Way to Crypto,” MEXC has consistently delivered a trading experience that is fast, economical, and user-friendly.

    Visitors to MEXC’s booth will discover why the platform has earned its reputation for accessibility and innovation. The exchange offers a broad selection of trending tokens, regular airdrop opportunities, and competitive trading fees within a secure and efficient environment designed to meet the needs of both newcomers and experienced traders.

    Celebrating 7 Years of Growth with Global Campaign and Exclusive Announcements

    TOKEN2049 Dubai provides the perfect backdrop for MEXC to commemorate its 7th anniversary — a journey marked by consistent growth, technological advancement, and an unwavering focus on user satisfaction. From its founding in 2018, MEXC has evolved into one of the industry’s most trusted exchanges, known for its liquidity strength and comprehensive service offerings.

    Tracy Jin, Chief Operating Officer of MEXC, who will be joining a panel at the mainstage, expressed enthusiasm about the upcoming event: “Our 7th anniversary represents a significant milestone in MEXC’s evolution from a startup to a global leader serving over 36 million users. We’re particularly excited to use TOKEN2049 Dubai as a platform to unveil several major announcements that will shape the future of our exchange and bring even more value to our users. The crypto community can expect groundbreaking new features and partnerships that reflect our commitment to continuous innovation.”

    As part of the celebration, MEXC has launched a global anniversary campaign featuring a massive 10,000,000 USDTprize pool. The campaign, running from April 13 to May 7, 2025, invites users to participate in three exciting arenas: Team PNL Rate Competition, Collect, Assemble & Win, and Solo Leaderboard Battle. These competitive events offer opportunities for both individuals and teams to showcase their trading skills while earning substantial rewards, reinforcing MEXC’s commitment to community engagement and user empowerment.

    As part of the anniversary celebrations, MEXC will also host special events including the “Celebra7eMEXC Party” on April 30th and an exclusive yacht experience for select partners on May 1st. These gatherings will provide valuable networking opportunities while highlighting MEXC’s appreciation for its global community of users and partners.

    Revolutionary DEX+ Platform: Bridging Centralized and Decentralized Trading

    The spotlight on MEXC’s TOKEN2049 presence will be on its DEX+ platform, launched in March 2025. This innovative hybrid solution seamlessly integrates centralized and decentralized trading capabilities, allowing users to access over 15,000 tokens across the Solana and BNB Chain ecosystems without leaving the familiar MEXC interface.

    DEX+ represents a significant advancement in trading technology, enhancing user experience while expanding MEXC’s appeal to on-chain trading enthusiasts. By eliminating the traditional barriers between centralized and decentralized exchanges, MEXC continues to drive innovation that serves the evolving needs of the global crypto community.

    Connect with MEXC at TOKEN2049 Dubai

    TOKEN2049 Dubai attendees are encouraged to visit MEXC’s booth to explore the platform’s features, learn about the revolutionary DEX+ technology, and discover special promotions available exclusively during the event. As a special highlight of the 7th-anniversary celebration, MEXC will showcase a collection of seven limited-edition commemorative merchandise items, attractively displayed and available for visitors at the booth. MEXC representatives will be available throughout the conference to provide demonstrations, answer questions, discuss potential partnerships, and help attendees acquire these exclusive anniversary items.

    TOKEN2049 Dubai presents an extraordinary opportunity for industry professionals and crypto enthusiasts to experience firsthand the innovations that have established MEXC as a leading exchange. Whether exploring cryptocurrency for the first time or seeking advanced trading solutions, visitors to MEXC’s booth will find knowledgeable representatives ready to demonstrate the platform’s capabilities and explain why MEXC continues to be “Your Easiest Way to Crypto” for millions of users worldwide.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 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, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This press release 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2d16962-c39f-48dd-bf35-eb39a9cee1ef

    The MIL Network –

  • MIL-OSI: Toobit Integrates Futures with TradingView: Power Meets Precision

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Island, April 14, 2025 (GLOBE NEWSWIRE) — Toobit, a rising star in the cryptocurrency trading world, has always prioritized user experience, innovation, and access to powerful trading tools. As part of its ongoing mission to empower traders of all levels, Toobit has just unveiled its latest upgrade: the integration of its Futures trading functionality with TradingView. This exciting development bridges one of the most popular charting platforms with Toobit’s advanced futures trading, promising a more intuitive, data-rich trading experience.

    What Is TradingView?

    TradingView is a widely respected charting and social network platform used by millions of traders worldwide. Known for its sleek interface and comprehensive set of technical analysis tools, TradingView allows users to monitor financial markets, draw insights, and share trading ideas in real-time.

    When it comes to futures trading, TradingView becomes even more powerful. It provides dynamic charts, a wide array of indicators, and the ability to test strategies—making it an essential tool for both novice and professional traders. The integration with Toobit means users can now access all these tools directly while trading, making decision-making faster and more data-driven.

    Key Benefits of Integration

    The TradingView and Toobit integration brings several standout advantages:

    • Real-Time Market Data Visualization: Toobit traders can now view live futures data on TradingView’s interface, enhancing situational awareness and reaction speed during fast-moving markets.
    • Advanced Charting Tools: Traders gain access to a suite of indicators, drawing tools, and customizable layouts that allow for deep technical analysis of futures pairs.
    • Seamless Trading Experience: By linking Toobit accounts to TradingView, users can execute trades, set orders, and monitor positions—all within a single, unified interface.

    What This Means for the Toobit Community

    This integration is a significant leap forward for the Toobit ecosystem! Here are some reasons why:

    • Enhanced Technical Analysis Capabilities: Traders now have the tools to identify opportunities and trends with greater accuracy using TradingView’s professional-grade charts.
    • Improved User Interface and Experience: Navigating between analysis and execution is smoother than ever, reducing friction and improving efficiency.
    • Competitive Edge: This feature gives Toobit users an advantage by merging high-quality analysis with fast, direct execution—something that can be a game-changer in the volatile crypto futures market.

    What’s Next for Toobit?

    The integration with TradingView is just the beginning for the rising, global platform. Toobit has plans to further enhance its platform by incorporating more TradingView features, such as social sharing tools and in-depth strategy backtesting. Additionally, the team is working on rolling out new assets, new languages, more educational content, and UX enhancements to further support its growing global community.

    Conclusion

    The integration of Toobit’s Futures platform with TradingView marks a significant milestone. Traders now have access to an advanced, intuitive, and efficient way to trade crypto futures. With real-time data, powerful charting, and seamless execution, Toobit is setting a new standard in the trading experience. Whether you’re a seasoned trader or just getting started, now is the perfect time to explore what this powerful new integration has to offer.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Erin G
    Email: erin.gao@toobit.com
    Website: www.toobit.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5753d85f-7e05-4bd7-94ab-7710440afdd8

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 15

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 18 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    14 April 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 15

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

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

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 15:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 2,374,865 228.3460 542,290,998
    07/04/2025 360,000 190.1452 68,452,272
    08/04/2025 50,000 199.2885 9,964,425
    09/04/2025 50,000 196.1034 9,805,170
    10/04/2025 50,000 203.5539 10,177,695
    11/04/2025 50,000 201.4238 10,071,190
    Total accumulated over week 15 560,000 193.6978 108,470,752
    Total accumulated during the share buyback programme 2,934,865 221.7348 650,761,750

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.340% of Danske Bank A/S’ share capital.

    Danske Bank

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

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    The MIL Network –

  • MIL-OSI: Board of Director Updates

    Source: GlobeNewswire (MIL-OSI)

    Diversified Energy Company PLC
    (“Diversified” or the “Company”)

    Board of Director Updates

    Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) is pleased to announce that its Board of Directors (the “Board”) has appointed Randall Wade as an independent non-executive director, effective 11 April 2025.

    Mr. Wade is a Co-Founder of EIG and a member of its Investment and Executive Committees. He has broad involvement in the firm’s various activities including investments, investor relations, operations and strategic initiatives. Since joining EIG in 1996, Mr. Wade has filled various roles including President, Chief Operating Officer, head of the direct lending strategy, investment principal with coverage responsibility for Australia and an analyst for the oil and gas team.

    Prior to joining EIG, Mr. Wade was a Commercial Lending Officer for First Interstate Bank of Texas, where he was responsible for developing a middle-market loan portfolio. Mr. Wade received his B.A. in Economics and his B.B.A. in Finance from the University of Texas at Austin.

    Upon his appointment, Mr. Wade will become a member of the Board’s Sustainability and Safety Committee.

    Commenting on the appointment, David Johnson, Chairman, said:

    “It is my pleasure to welcome Randall to Diversified’s Board of Directors. His breadth of experience, leadership, and reputation in the energy industry will provide valuable perspectives. We look forward continuing our valued partnership with EIG and to Randall’s contributions as Diversified continues to progress its strategy of responsibly delivering sustainable stakeholder returns.”

    Mr. Wade previously served as a director for NGL Energy Partners (NYSE: NGL) and has held no other public company directorate positions in the last five years.

    The Company is making this announcement pursuant to UK Listing Rule 6.4.6R with no further disclosure necessary under Listing Rule 6.4.8R.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    The MIL Network –

  • MIL-OSI: Employee Stock Options Execution

    Source: GlobeNewswire (MIL-OSI)

    On April 11, 2025, employee stock options granted based on the 2021 performance results were executed. As part of this execution, 1,745,114 Bank shares were transferred to thirty-five employees of the Bank Group.

    The transferred shares are subject to a lock-up period – a one-year transfer restriction period calculated from the date of share settlement – during which the employee is not allowed to transfer, pledge, encumber, or otherwise dispose of the granted shares.

     

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt, +370 610 44447

    The MIL Network –

  • MIL-OSI: 20/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 20 / 2025
    Schindellegi, Switzerland – 14 April 2025


    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. The buyback program will not be active from 9 to 15 April 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date      Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 52,126 85.85 4,475,156
    7 April 2025 2,500 77.00 192,500
    8 April 2025 2,583 80.66 208,345
    9 April 2025     Pause
    10 April 2025     Pause
    11 April 2025     Pause
    Accumulated 57,209 85.23 4,876,001

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 57,209 at a total amount of DKK 4,876,001.
    On 25 March 2025, 1,352 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025).
    On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 292,243 treasury shares, corresponding to 1.5%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,452,656.

    Investor and media contact
    Frederik Svanholm, Group Investment Director & Head of Investor Relations
    frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

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    The MIL Network –

  • MIL-OSI: BNP Paribas SA: ACQUISITION BY BNP PARIBAS CARDIF OF AXA INVESTMENT MANAGERS – UPDATE

    Source: GlobeNewswire (MIL-OSI)

    ACQUISITION BY BNP PARIBAS CARDIF 
    OF AXA INVESTMENT MANAGERS – UPDATE

    PRESS RELEASE

    Paris, 14 April 2025

    After entering into exclusive negotiations on 1 August 2024, AXA and BNP Paribas Cardif signed a Share Purchase Agreement for AXA Investment Managers (AXA IM). The closing is expected in early July 2025.

    In this context, the BNP Paribas Group fully confirms the strategic and industrial interest of the transaction to build a leading platform in asset management that will allow the Group to become the forefront European player in the management of long-term savings assets for insurers and pension funds. This platform will benefit from AXA IM’s leading market position and its team’s expertise specialised in private assets, which will drive further growth with both institutional and retail investors.

    This acquisition aligns perfectly with the Group’s core mission of supporting the economy by mobilising savings to finance future-oriented projects, in the best interests of its clients.

    The ECB has recently expressed its opinion on the prudential treatment for the acquisition of asset managements companies.

    Should this interpretation be implemented and given the current status of the internal analyses carried out by the BNP Paribas Group, the anticipated impact on BNP Paribas Group’s CET1 ratio would stand at approximately -35 bps and the expected return on invested capital of the transaction would be above 14% in the third year and more than 20% in the fourth year. This impact is to be compared with an impact on the Group’s CET 1 ratio of -25 bps and an expected return on invested capital of 18% in the third year, presented at the launch of the transaction.

    As a consequence, under this interpretation, neither the Group’s overall profitability objectives, growth trajectory, nor its equity and CET1 trajectory would be modified.

    Specifically, the launch of the share buyback programme, announced in February 2025, to which the ECB has already given its approval, is maintained. More generally, the Group’s distribution policy in the form of dividends and return to shareholders remains unchanged.

    The conditions agreed to by the Group regarding the prudential treatment to be applied to this transaction will be communicated at the closing of the transaction, following the finalization of ongoing discussions with the relevant supervisory authorities on this topic.

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press Contacts:
    Sandrine Romano : sandrine.romano@bnpparibas.com ; + 33 6 71 18 13 05
    Giorgia Rowe : giorgia.rowe@bnpparibas.com ; + 33 6 64 27 57 96

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    The MIL Network –

  • MIL-OSI Submissions: Universities – SMART researchers develop novel UV and machine learning-aided method to detect microbial contamination in cell cultures

    Source: Singapore-MIT Alliance for Research and Technology (SMART)

    • This is the first novel technology that utilises machine learning to analyse unique ultraviolet light “fingerprints” on cell cultures to quickly identify presence of contamination
    • Only requiring a small volume of cell culture for analysis, this method can provide a definitive yes/no contamination assessment within 30 minutes, making it significantly more time- and resource-efficient than traditional sterility tests
    • Delays due to contamination testing in cell therapy products can be life-threatening for critically ill patients who urgently need these treatments.

    Singapore, 14 April 2025 – Researchers from the Critical Analytics for Manufacturing Personalized-Medicine (CAMP), interdisciplinary research group (IRG) of Singapore-MIT Alliance for Research and Technology (SMART), MIT’s research enterprise in Singapore, in collaboration with Massachusetts Institute of Technology (MIT), A*STAR Skin Research Labs (A*SRL), and National University of Singapore (NUS), have developed a novel method that can quickly and automatically detect and monitor microbial contamination in cell therapy products (CTPs) early on during the manufacturing process. By measuring ultraviolet (UV) light absorbance of cell culture fluids and utilising machine learning to recognise light absorption patterns associated with microbial contamination, this preliminary testing method aims to reduce the overall time taken for sterility testing and, subsequently, the time patients need to wait for CTP doses. This is especially crucial where timely administration of treatments can be life-saving for terminally ill patients.

    Cell therapy represents a promising new frontier in medicine, especially in treating diseases such as cancers, inflammatory diseases, and chronic degenerative disorders, by manipulating or replacing cells to restore function or fight disease. However, a major challenge in CTP manufacturing is quickly and effectively ensuring that cells are free from contamination before being administered to patients.

    Existing sterility testing methods, based on microbiological methods,  are labour-intensive and require up to fourteen days to detect contamination, which could adversely affect critically ill patients who need immediate treatment. While advanced techniques such as rapid microbiological methods (RMMs) can reduce the testing period to seven days, they still require complex processes such as cell extraction and growth enrichment mediums, and they are highly dependent on skilled manpower for procedures such as sample extraction, measurement, and analysis. This creates an urgent need for new methods that offer quicker outcomes without compromising the quality of CTPs, that meet the patient-use timeline, and with a simple workflow that does not require additional preparation.
    SMART CAMP Senior Research Engineer Shruthi Pandi Chelvam using the UV absorbance spectrometer to measure the absorbance spectra of cell culture samples (Photo: SMART CAMP)

    In a paper titled “Machine learning aided UV absorbance spectroscopy for microbial contamination in cell therapy products” published in the journal Scientific Reports, SMART CAMP researchers described how they combined UV absorbance spectroscopy to develop a machine learning-aided method for label-free, non-invasive, and real-time detection of cell contamination during the early stages of manufacturing.

    This method offers significant advantages over both traditional sterility tests and RMMs as it eliminates the need for staining of cells to identify labelled organisms, making it label-free, avoids the invasive process of cell extraction and delivers results in under half an hour. It provides an intuitive, rapid “yes/no” contamination assessment, facilitating automation of cell culture sampling, with a simple workflow that requires no additional incubation period, growth enrichment mediums, and manpower. Furthermore, the developed method does not require specialised equipment, resulting in lower costs.

    “This rapid, label-free method is designed to be a preliminary step in the CTP manufacturing process as a form of continuous safety testing, which allows users to detect contamination early and implement timely corrective actions, including the use of RMMs only when possible contamination is detected. This approach saves costs, optimises resource allocation and ultimately, accelerates the overall manufacturing timeline,” said Shruthi Pandi Chelvam, Senior Research Engineer at SMART CAMPand first author of the paper.

    “Traditionally, cell therapy manufacturing is labour intensive and subject to operator variability. By introducing automation and machine learning, we hope to streamline cell therapy manufacturing and reduce the risk of contamination. Specifically, our method supports automated cell culture sampling at designated intervals to check for contamination, which reduces manual tasks such as sample extraction, measurement, and analysis. This enables cell cultures to be monitored continuously and contamination to be detected at early stages,” said Prof Rajeev Ram, Principal Investigator at SMART CAMP, MIT Professor, and corresponding author of the paper.

    Moving forward, future research will focus on broadening the application of the method to encompass a wider range of microbial contaminants, specifically those representative of Current Good Manufacturing Practices (cGMP) environments and previously identified CTP contaminants. Additionally, the model’s robustness can be tested across more cell types apart from MSCs. Beyond cell therapy manufacturing, this method can also be applied to the food & beverage industry as part of microbial quality control testing to ensure food products meet safety standards.

    The research is conducted by SMART and supported by the National Research Foundation (NRF) Singapore under its Campus for Research Excellence and Technological Enterprise (CREATE) programme.

    MIL OSI – Submitted News –

  • MIL-OSI China: SCO dialogue partners eye deeper cooperation with China

    Source: China State Council Information Office 3

    At a recent investment promotion event in north China’s Tianjin Municipality, Turkish businessman Mehmet Sahin was seen exchanging business cards with entrepreneurs from Shanghai Cooperation Organization (SCO) member countries.

    This undated file photo shows a view of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna district of Suez province, Egypt. (TEDA Investment Holding Co., Ltd./Handout via Xinhua)

    “I really appreciate attending this event,” said Sahin, vice president of global purchasing and logistics at Hattat Holding A.S., a Turkish company engaged in energy, automotive, agricultural and real estate development. He noted his assurance that the event would help him meet with potential Chinese and Russian investors and cooperation partners.

    The China-SCO Sustainable Development Industrial Investment Promotion Event, which concluded on Friday, saw Sahin’s company engage in negotiations with the China Coal Technology & Engineering Group to explore investment opportunities in potential coal-cleaning projects.

    Broader cooperation with Chinese enterprises is also underway in sectors such as engine assembly, production and sales, as well as wind power generation, according to Sahin.

    “This event has been a good start, and the upcoming SCO summit will further promote mutual understanding and future planning among all participating countries,” he said.

    China will host an SCO summit in Tianjin this autumn. Among the summit’s advance events, the promotional event Sahin attended has brought fresh momentum to economic and trade cooperation between China and SCO member states, observer states and dialogue partners.

    Türkiye, Sri Lanka, Egypt, the United Arab Emirates (UAE) and Saudi Arabia were among the participating SCO dialogue partners.

    During the event, the China-Egypt TEDA Suez Economic and Trade Cooperation Zone disclosed significant progress.

    The Tianjin TEDA Electric Power Company announced a partnership with SCZone Utilities S.A.E., and revealed that the China-Africa TEDA Investment Co., Ltd., which developed the cooperation zone, will build a 200-megawatt substation.

    This critical infrastructure project aims to resolve power supply constraints for major projects in the cooperation zone, lower business costs for enterprises while drawing in premium investors, and accelerate industrial clustering in the zone, according to Wang Weihua, general manager of the Tianjin TEDA Electric Power Company.

    Established in 2008, the zone has become Egypt’s most competitive industrial hub, serving as a benchmark of China-Egypt cooperation.

    “Tianjin TEDA is one of our best partners,” said Ahmed Salaheldin Abdelfattah Elhomosani, general manager of SCZone Utilities S.A.E., noting that the cooperation zone has attracted a significant amount of investment.

    Trade between China and SCO member states, observer states and dialogue partners came in at a record high of 890 billion U.S. dollars in 2024, accounting for approximately 14.4 percent of China’s total foreign trade that year, according to official statistics.

    MIL OSI China News –

  • MIL-OSI Africa: President engages South African Council of Churches

    Source: South Africa News Agency

    President Cyril Ramaphosa has hosted the first engagement between government and the leadership of the church since the start of the Seventh Administration.

    The President hosted the leadership of the South African Council of Churches (SACC) at the Union Buildings in Pretoria on Friday under the banner of the Government of National Unity.

    The meeting presented an opportunity for the SACC to introduce its new and recently elected leadership. 

    “We welcome the opportunity to be introduced to the new leadership of the SACC and to discuss matters that concern the church and the people of South Africa,” the President said.
    The meeting discussed a wide range of issues of national interest ranging from the National Dialogue initiative, government’s ongoing fight against crime and corruption and the access of state services. 

    President Ramaphosa committed that the National Dialogue will bring together all sectors of society and encourage the participation of all South Africans.

    “Importantly, the National Dialogue must be informed by extensive public consultation in localities facilitated by various sectors of society. It needs to give a voice to those in society who are not often heard, to people who are marginalised, to those who are most vulnerable to poverty, violence and exploitation,” the President said.

    It is envisaged that the National Dialogue will build on the achievements of 30 years of democracy.

    Among other things, it will need to address challenges of low growth and job creation, poverty and hunger, governance, corruption and fiscal constraints. It will also need to address gender-based violence and femicide, social fragmentation, racism and sexism, violence and the potential for instability.

    Government also briefed the SACC on South Africa’s Group of Twenty (G20) Presidency along with regional and international issues of concern.

    “The meeting heard about government’s ongoing work in implementing the recommendations of the State Capture Commission. This includes criminal investigations and prosecutions, the recovery of stolen funds, legislative amendments and strengthening institutions.

    “Furthermore, government remains focused on strengthening and resourcing key institutions in the criminal justice system, like the NPA [National Prosecuting Authority], Hawks and SIU [Special Investigating Unit], this includes the establishment of the NPA’s Investigating Directorate Against Corruption as a permanent entity to prosecute state capture and other significant corruption cases,” the Presidency said.

    The President also committed government’s support for greater cooperation between churches and government bodies that are on the frontline of providing services to people – most notably the Departments of Home Affairs and Social Development.
    He highlighted South Africa’s drive for an inclusive G20.

    The President said dialogue with civil society and other non-government institutions will be conducted through various engagement groups. 

    “Following the approach of the Brazilian Presidency, a G20 Social Forum will be convened. This will bring together representatives of the existing engagement groups and other segments of civil society including various faith formations.

    “The President assured the church leaders that South Africa will continue to pursue an independent foreign policy and will not align itself with any of the major powers or blocs in the world,” the Presidency said.

    Ramaphosa asserted that South Africa remains engaged in efforts to bring about peace and stability in various parts of our region and continent, especially through the Southern African Development Community (SADC) and African Union initiatives. 
    “South Africa continues to use its participation in fora like the G20, BRICS, Non-Aligned Movement, African Union and United Nations to advance a rules-based multilateralism that is fair and inclusive. We are committed to the reform of global institutions to ensure that they represent the needs and interests of all countries,” the President said. –SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI Africa: Police Minister to visit Mpumalanga drug labs following arrests 

    Source: South Africa News Agency

    Sunday, April 13, 2025

    Police Minster Senzo Mchunu is this afternoon expected to visit two drug laboratories and a warehouse which were discovered and shut down by the Hawks in Mpumalanga this week, said the Ministry of Police.

    In a statement, the Ministry said the Minister will be accompanied by the National Commissioner of Police, General Fannie Masemola, together with the Directorate for Priority Crime Investigation National Head, (Dr./Adv) Lieutenant General Godfrey Lebeya.

    The discovery was made in Standerton.

    “Equipment and substances with an estimated value of R48 million and seven vehicles have been seized for further investigation. Nine suspects have been arrested,” said the Ministry ahead of Sunday’s visit.

    On Wednesday, the Hawks said that two suspects would appear in the Standerton Magistrate’s Court after the arrest of six Mozambican nationals.

    This as the Hawks’ Secunda based Serious Organised Crime investigation monitored the origin of drugs in Standerton after numerous cases of possession of drugs were reported. 

    “The task was successfully executed as two clandestine laboratories were clamped down within a week,” the Hawks said at the time.

    Additionally, a pressing machine and 35 buckets filled with powder and ready to be pressed into tablets were recovered.  –SAnews.gov.za 
     

    MIL OSI Africa –

  • MIL-OSI Australia: Allens advises ACEN Australia on major renewable energy portfolio financing

    Source: Allens Insights (legal sector)

    Allens has advised ACEN Australia, a key player in the Australian energy transition, on the $750 million platform financing for its renewable energy portfolio. The two seed assets are the 400MW New England Stage 1 Solar and 400MW Stubbo Solar projects.

    The financing establishes a platform to support the continued development of ACEN Australia’s pipeline of renewable energy assets across the country, including approximately 8 GW of solar, wind, battery energy storage systems and pumped hydro projects.

    With Macquarie Capital as financial adviser, the financing included a syndicate of 11 Banks comprising ANZ, Cathay United Bank, Commonwealth Bank, CTBC Bank, DBS Bank, Deutsche Bank, HSBC, MUFG, SMBC, UOB, and Westpac,

    A cross-disciplinary team, comprising lawyers across Banking & Finance, Projects, Corporate and Real Estate, Environment and Planning, advised on all aspects of the financing and due diligence.

    ‘We are proud to have advised on this significant milestone transaction for ACEN Australia, which will help facilitate the development of new renewable energy projects across Australia.’ said lead Partner Scott McCoy.

    ‘This portfolio financing platform is a prime example of the innovative funding structures being developed to support the sector’s growth, offering greater flexibility in managing individual projects, future growth and risk mitigation.’

    This transaction builds on Allens extensive expertise in renewable energy  portfolio financings having advised on recent transactions for clients including Neoen, Fotowatio Renewable Ventures, Global Power Generation Australia , CWP Renewables and Atmos Renewables.

    Allens legal team

    Finance, Banking & Debt Capital

    Scott McCoy (lead Partner), Jamie Guthrie (Managing Associate), Flynn O’Byrne-Inglis (Senior Associate), Maya Bahra (Lawyer), Nick Walker (Lawyer)

    Projects

    Andrew Mansour (Partner), Kip Fitzsimon (Partner), Amy Ryan (Senior Associate), Sara Pacey (Associate), Jeanne Shu (Lawyer), Amelia Rebellato (Lawyer), Esther Khor (Lawyer), Emma Cottle (Lawyer), Saleem Al Odeh (Laywer)

    Real Estate, Environment & Planning

    Michael Graves (Partner), Naomi Bergman (Partner), Nathaniel Jende (Associate), Samuel Mursa (Associate), Ankita Rao (Lawyer), Alexander Murphy (Lawyer)

    M&A and Capital Markets

    Harry Beardall (Managing Associate), Matthias Laubi (Lawyer)

    MIL OSI News –

  • MIL-OSI Asia-Pac: A Dose of Atmanirbhar Bharat

    Source: Government of India

    A Dose of Atmanirbhar Bharat

    How Make in India is transforming India’s Global Pharmaceutical Footprint

    Posted On: 13 APR 2025 2:56PM by PIB Delhi

    Introduction

    The Department of Pharmaceuticals, under the Ministry of Chemicals and Fertilizers, is responsible for matters related to the pricing and availability of affordable medicines, research and developmentand international obligations. With a vision to make India the world’s largest provider of quality medicines at reasonable prices, the department’s efforts align with the Make in India initiative. The Indian pharmaceutical industry continues to play a crucial role in manufacturing high-quality, cost-effective medicines for both domestic and global markets, marked by its dominance in branded generic medicines, competitive pricing, and a robust network of indigenous brands.[1]

     

    India has been UNICEF’s largest vaccine supplier for the past six to seven years, contributing 55% to 60% of total volume procured contributing 99%, 52% and 45% of the WHO demand for DPT, BCG and the measles vaccines, respectively.[2]

     

    Overview of the Indian Pharmaceutical Industry

    [3][4]

    Medical Devices

    The medical devices sector in India is an essential and integral constituent of the Indian healthcare sector, particularly for prevention, diagnosis, treatment and management of all medical conditions and disabilities. The medical devices sector is a multi-disciplinary sector. Its constituent device categories are-

     

    1. electro-medical equipment
    2. implants
    3. consumables and disposables
    4. surgical instruments
    5. in vitro diagnostic reagents

    Several segments of the medical device industry are highly capital-intensive, with a long gestation period, and require continuous induction of new technologies and the ongoing training of healthcare professionals to adapt to new technologies in the sector.

    [5]

    Export & Import of Medical Devices

    Foreign Direct Investment

    The Department of Pharmaceuticals considers FDI proposals falling under the Government approval route in pharmaceutical and meditech activities for approval or rejection as per FDI Policy.

    In the financial year of 2024-25, from April 2024 to December 2024, FDI inflows (in both pharmaceuticals and medical devices) has been ₹11,888 Crore.

    Further, the Department of Pharmaceuticals has approved 13 FDI proposals worth ₹7,246.40 Crore for brownfield projects during FY 2024-25.

     

    [6]

    Production Linked Incentive Scheme

    The Production Linked Incentive (PLI) Scheme, launched in 2020 by the Government of India, is a transformative initiative aimed at boosting domestic manufacturing, attracting investments, reducing reliance on imports and increasing exports. Aligned with the vision of Atmanirbhar Bharat and the larger Make in India initiative, the scheme offers financial incentives based on production performance, encouraging companies to scale up operations, adopt advanced technologies, and improve global competitiveness.

    For pharmaceuticals, the initiative aims to reduce import dependence on Key Starting Materials (KSMs), Drug Intermediates (DIs), and Active Pharmaceutical Ingredients (APIs), strengthening India’s manufacturing base. By promoting production and innovation, it boosts domestic capabilities and global competitiveness.

    Overview of the PLI Schemes

    The Department of Pharmaceuticals administers three PLI schemes as part of the Government of India’s larger initiative to enhance manufacturing capabilities. These include:

    1. PLI Scheme for Pharmaceuticals
    2. PLI Scheme for promotion of domestic manufacturing of critical KSMs/DIs/APIs
    3. PLI Scheme for promoting domestic manufacturing of Medical Devices[7]

     

    PLI Scheme for Pharmaceuticals[8]

    The PLI Scheme for Pharmaceuticals was approved by the Union Cabinet on 24 February 2021[9], with a financial outlay of ₹15,000 croreand the production tenure from FY 2022- 2023 to FY 2027-28, provides financial incentive to 55 selected applicants for manufacturing of identified products under three categories for a period of six years. Under this scheme, high value pharmaceutical products such as patented/off-patented drugs, biopharmaceuticals, complex generics, anti-cancer drugs, autoimmune drugs, among others, are manufactured.[10]

    Key Features of the Scheme:

    The scheme supports the manufacturing of pharmaceutical goods under three categories:

    1. Category 1: Biopharmaceuticals, complex generic drugs, patented drugs or those nearing patent expiry, gene therapy drugs, orphan drugs, and complex excipients.
    2. Category 2: Active Pharmaceutical Ingredients (APIs), Key Starting Materials (KSMs), and Drug Intermediates (DIs).
    3. Category 3: Repurposed drugs, autoimmune drugs, anti-cancer drugs, anti-diabetic drugs, cardiovascular drugs, and in-vitro diagnostic (IVD) devices [11]

     

    PLI Scheme for KSMs, DIs, and APIs[12]

    The PLI Scheme for KSMs, DIs, and APIs was launched on 20 March 2020, with a financial outlay of ₹6,940 crore for the period FY 2020-21 to FY 2029-30. The main objective of Production Linked Incentive (PLI) scheme for promotion of domestic manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs) in India is to promote domestic manufacturing of 41 identified bulk drugs to address their high import dependence.

    Achievements under the PLI Scheme for KSMs, DIs, and APIs

    One of the significant achievements under the PLI scheme has been the surpassing of targeted investments. While the initial commitment was ₹3,938.57 crore, the actual realized investment has already reached ₹4,253.92 crore (as of December 2024).

    Under the PLI scheme for Bulk Drugs, a total of 48 projects have been selected under the scheme, of which 34 projects have been commissioned for 25 bulk drugs as of December 2024.

    Notable Projects Under the PLI Scheme for Bulk Drugs

    • Penicillin G Project (Kakinada, Andhra Pradesh): ₹1,910 crore investment; expected import substitution of ₹2,700 crore per annum.
    • Clavulanic Acid Project (Nalagarh, Himachal Pradesh): ₹450 crore investment; expected import substitution of ₹600 crore per annum.[13]

    PLI Scheme for Medical Devices[14]

    The PLI Scheme for Medical Devices was launched to support domestic manufacturing of high-end medical equipment and reduce reliance on imports. The scheme provides financial incentives to manufacturers in key segments such as radiology, imaging, cancer care, and implants.The period of the scheme is from financial year 2020-21 to financial year 2027-28 with total financial outlay of Rs. 3,420 crore. Under the scheme, financial incentive is given to selected companies, at the rate of 5% of incremental sales of medical devices manufactured in India and covered under the target segments of the scheme, for a period of five years.

    Category of applicant

    Incentive Period

    Incentive rate

    Category A

    FY 2022-23 to FY 2026-27

    5% limited to Rs.121 crore per applicant

    Category B

    FY 2022-23 to FY 2026-27

    5% limited to Rs.40 crore per applicant

    The details of incentive under the scheme are as follows:

    https://static.pib.gov.in/WriteReadData/specificdocs/documents/2025/jan/doc202516481901.pdf

    [15]

    Promotion of Bulk Drug Parks

    Approved in March 2020, the Promotion of Bulk Drug Parks scheme (FY 2020–21 to FY 2025–26) aims to establish parks with world-class common infrastructure to reduce manufacturing costs and enhance self-reliance in bulk drugs. Proposals from Gujarat, Himachal Pradesh, and Andhra Pradesh were approved under the scheme. Financial assistance is capped at ₹1,000 crore per park or 70% of the project cost (90% for Northeastern and Hilly States), with a total outlay of ₹3,000 crore.[16]

     

    Pradhan Mantri Bhartiya JanaushadhiPariyojana

    With an objective of making quality generic medicines available at affordable prices to all, Pradhan Mantri Bhartiya JanaushadhiPariyojana (PMBJP) aims to ensure access to affordable, quality generic medicines across India.

    Some of the activities under this initiative include:

    • Raising Awareness: Educating the public on the benefits of generic medicines, highlighting that affordability doesn’t compromise quality and countering the belief that higher prices mean better efficacy.
    • Encouraging Prescriptions of Generic Drugs: Promoting the use of generics by motivating healthcare professionals, especially in government hospitals, to prescribe cost-effective alternatives.
    • Enhancing Accessibility: Ensuring the availability of essential generic medicines across therapeutic categories, with a focus on reaching underserved communities.[17]

    As of April 8, 2025, there are a total of 15,479 Jan AushadiKendras across the country.

     

    Strengthening of Pharmaceuticals Industry Scheme (SPI Scheme)

    The SPI scheme is a Central Sector Scheme (CSS) with an outlay of Rs.500 Cr with thescheme period from FY 2021-22 to FY 2025-26. [18]

     

    Conclusion:

    India’s pharmaceutical and medical devices sectors stand as a testament to the country’s growing capabilities in science, innovation, and manufacturing. Through visionary initiatives like the Production Linked Incentive (PLI) schemes and Pradhan Mantri Bhartiya JanaushadhiPariyojana (PMBJP), the Department of Pharmaceuticals has not only bolstered domestic production but also ensured equitable access to affordable healthcare solutions. With its continued commitment to self-reliance under the Make in India vision, India is poised to solidify its position as a global hub for high-quality, cost-effective medicines and medical technologies, empowering both its citizens and contributing significantly to global health outcomes.

    References:

    A Dose of Atmanirbhar Bharat

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    Make in India (Pharmaceuticals) | Explainer | 08

    Santosh Kumar/ Sheetal Angral/ Kritika Rane

    (Release ID: 2121425) Visitor Counter : 94

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: India and Nepalhold21st Director-General level talkson Customs cooperation in Kathmandu, Nepal, on 10th-11th April, 2025

    Source: Government of India

    India and Nepalhold21st Director-General level talkson Customs cooperation in Kathmandu, Nepal, on 10th-11th April, 2025

    Both sides emphasised on collaborating in areas to enhance efficiency and effectiveness of trade and Customs operations across the border to deliver significant economic benefits to both countries

    Posted On: 13 APR 2025 11:28AM by PIB Delhi

    The 21st Director-General Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu, Nepal on 10th-11th April, 2025. Both the sides discussed a host of bilateral issues for enhancing Customs Cooperation between the two countries. The Indian delegation was led by Mr. Abhai Kumar Srivastav, Director-General, Directorate of Revenue Intelligence, Central Board of Indirect Taxes & Customs, Department of Revenue, Ministry of Finance, Government of India and Nepali delegation was led by Mr. Mahesh Bhattarai, Director-General, Department of Customs, Ministry of Finance, Government of Nepal.

     

    The agenda items of the meeting covered:

    • Measures to check smuggling 
    • Review progress on MoU on Pre-arrival Exchange of Customs Data and Electronic Origin Data Exchange System (EODES)
    • Finalisation of Customs Mutual Assistance Agreement (CMAA)
    • Facilitation of movement of transit cargo under Electronic Cargo Tracking System (ECTS)
    • Automation and digitisation of transit processes
    • Upgradation of border infrastructure
    • Knowledge sharing program and support for capacity development, among others

     

    Issues related to trans-border criminal activities and smuggling of gold; narcotics; Fake Currency Notes (FCN), prohibited/restricted category of goods, such as e-Cigarettes, e-lighters, certain varieties of garlic and other cases of commercial frauds, including sensitive goods were also deliberated.

    It was acknowledged that smuggling of goods has been a common challenge and both sideslooked forward towards cooperation in preventing smuggling across the borders with active engagement and exchange of intelligence. Both the nations agreed to take necessary measures to control the unauthorised trade and work in tandem.

    Nepal is a priority partner of India under its ‘Neighbourhood First’ Policy. India accounts for two-thirds of Nepal’s exports and is the largest trade partner of Nepal. The bilateral talks on Customs cooperation are an important mechanism to facilitate genuine trade as well as to prevent illicit trade along the border in an interconnected world.

     

     

    The meeting concluded on an optimistic note. The Nepali side expressed their gratitude to the Government of India, particularly the Central Board of Indirect Taxes and Customs (CBIC) for knowledge sharing and capacity enhancement programmes for Nepal Customs officials at different levels.

    Both sides emphasised on collaborating in areas that can enhance the efficiency and effectiveness of trade and Customs operations across the border that deliver significant economic benefits to both the countries. It was mutually agreed to consider new technologies for facilitating trade and preventing smuggling of goods.

     

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    (Release ID: 2121393) Visitor Counter : 33

    MIL OSI Asia Pacific News –