Category: Finance

  • MIL-OSI Security: Gary Man Sentenced to 71 Months in Prison

    Source: Office of United States Attorneys

    HAMMOND- Kyran Jujuan Hawthorne, 31 years old, of Gary, Indiana, was sentenced by United States District Court Judge Philip P. Simon after pleading guilty to being a convicted felon in possession of a firearm, announced Acting United States Attorney Tina L. Nommay.

    Hawthorne was sentenced to 71 months in prison followed by 2 years of supervised release.

    According to documents in the case, on May 26, 2023, law enforcement executed a search warrant at Hawthorne’s residence in Gary. Officers recovered two firearms with high-capacity magazines attached to them. Hawthorn’s criminal history revealed he has prior felony convictions for resisting law enforcement, attempted robbery, forgery, and being a convicted felon in possession of a firearm, and as such, is prohibited from possessing the firearms in this case.   

    This case was investigated by the Federal Bureau of Investigation Gang Response Investigative Team and the Gary Police Department.  This case was prosecuted by Assistant United States Attorney Caitlin M. Padula.

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

    MIL Security OSI

  • MIL-OSI USA: Cantwell Questions Trump Trade Head on Tariffs That Have ‘Wreaked Havoc on the Economy’

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.08.25

    Cantwell Questions Trump Trade Head on Tariffs That Have ‘Wreaked Havoc on the Economy’

    In committee hearing, USTR Jamieson Greer said Trump not backing off tariffs that caused global markets to plummet; Last Thursday, Cantwell introduced a bipartisan bill that would reassert Congress’ role in setting & overseeing U.S. trade policy; In less than a week, her legislation has picked up 12 new cosponsors, half Ds and half Rs, & received endorsement from world’s largest retail trade org

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), senior member of the Senate Finance Committee and ranking member of the Senate Committee on Commerce, Science, and Transportation, pressed United States Trade Representative Jamieson Greer on the administration’s slapdash implementation of sweeping tariffs without sufficient input or accountability to Congress.

    Prior to President Trump’s implementation of the tariffs, there was no formal bipartisan briefing of Congress detailing how the tariff rates were set, analyzing on how they might impact the American economy, or even communicating what the White House was aiming to accomplish.

    “What did the Trump administration do to prepare [Congress], to communicate with us, to tell us about findings as it relates to these emergency orders by the President?” Sen. Cantwell asked during a hearing today in the Senate Finance Committee.

    “Our staff, the USTR staff, in the in the past two months that we’ve been in office, have had over 200 formal engagements with staff on the Hill,” Greer responded. “We also had the President issue very publicly his America First trade policy memorandum, which specifically said that he was going to look into the trade deficit and the possibilities of tariffs.”

    Cantwell responded: “So, we’ve wreaked havoc on the economy by having one of the largest drops of the market. We have people’s 401(k)s, in panic. We have retail organizations, like the retail industry, National Retail Federation, American Apparel Industry, Outdoor Association, Consumer Technology, Computer and Communications Industry, Main Street Alliance, Small Business Majority, all anxious, asking us to do something. And you’re saying, ‘Well, some people have passed some notes to staff.’”

    She continued: “We should be building alliances as a way to counter China, but the alliance building process now will become harder, and people are going to wonder, well, is the United States going to pull another fast one again and just wreak havoc?”

    Greer said the United States has seen “many times in past decades when we have had real robust trade disputes with our partners.”

    Sen. Cantwell responded: “I’m for trade. I represent trade. I represent a trade economy. I represent the success of what innovation and trade gets you. But you’re coming here this morning with this, not only tanking of the market and 401(k)s, now you’re coming here telling me that tariff is the tool. And I’m telling you — innovation is the tool!”

    The bill has since picked up 12 additional cosponsors – an equal mix of Republicans and Democrats – and been endorsed by multiple major U.S. business organizations, including the National Retail Federation, which is the largest retail trade association in the world.

    In addition, a bipartisan group has introduced a companion version of Sen. Cantwell’s legislation in the House of Representatives, also cosponsored by equal numbers of Republicans and Democrats.

    The bill restores Congress’ authority and responsibility over tariffs as outlined in Article I, Section 8 of the Constitution by placing the following limits on the president’s power to impose tariffs:

    • To enact a new tariff, the president must notify Congress of the imposition of (or increase in) the tariff within 48 hours.
      • The Congressional notification must include an explanation of the president’s reasoning for imposing or raising the tariff, and
      • Provide analysis of potential impact on American businesses and consumers.
    • Within 60 days, Congress must pass a joint resolution of approval on the new tariff, otherwise all new tariffs on imports expire after that deadline.
    • Under the bill, Congress has the ability to end tariffs at any time by passing a resolution of disapproval.
    • Anti-dumping and countervailing duties are excluded.

    The full bill text is available HERE.

    For the past three months, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions, which have whipsawed American businesses and consumers, as well as close neighbors and allies, include:

    • On January 31 –  citing punishment for failing to crack down on fentanyl trafficking — the Trump administration announced plans to impose a 25% tax on many goods imported into the U.S. from Canada and Mexico and a 10% tax on goods imported from China, then abruptly postponed those tariffs.
    • In February, he doubled down, announcing an additional 25% tax on all steel and aluminum imports.
    • At 12:01 a.m. ET on March 4, President Trump’s long-promised 25% tariffs on goods from Mexico and Canada and 10% tariff increase on goods from China took effect, causing stock prices in the United States to plummet.
    • Then, on March 5, he announced that automobiles from Canada and Mexico would be exempt from his tariffs for one month.
    • The morning of March 6, he announced that he would suspend the tariffs for some products from Mexico. Then, later that same afternoon, he announced he was suspending most new tariffs on products from both Mexico and Canada until April 2.
    • On March 11, Trump threatened to double tariffs on Canadian steel and aluminum – increasing them to 50% –  before reversing himself later the same day.
    • On March 13, he threatened 200% tariffs on alcoholic products from the European Union, including all wine and Champagne.
    • On March 27, he announced plans to impose a 25% tax on all imported sedans, SUVs, crossovers, minivans, cargo vans, and light trucks, as well as some auto parts, beginning on April 2.
    • On March 29, President Trump said, “I couldn’t care less,” if automakers raise the price of cars in response to his tariffs.
    • On April 2, he announced a “National Economic Emergency,” and signed an executive order declaring a 10% minimum baseline tariff on all countries as well as additional tariffs on nearly 60 countries.
    • On April 7, he threatened to impose an additional 50% tariff on China.

    Video of Sen. Cantwell’s Q&A with Greer today is available HERE; audio is HERE; and a transcript is HERE.

    MIL OSI USA News

  • MIL-OSI: Audited results of Invalda INVL Group for 2024

    Source: GlobeNewswire (MIL-OSI)

    Invalda INVL reported equity of EUR 222 million at the end of December 2024, or EUR 18.48 per share. These figures were 25.4% and 25.3% higher, respectively, than a year earlier, including the dividends paid last year.

    In 2024, Invalda INVL earned an audited net profit of EUR 44.4 million, compared with EUR 45.8 million in 2023, when a strategically important merger of Invalda INVL group’s retail businesses with Šiaulių bankas was completed. From last year’s profit, the company proposes a dividend payout of EUR 15 million, or EUR 1.25 per share. The proposal will be put to a vote at the general meeting of shareholders on 30 April.

    “2024 was a successful and profitable year for our clients and for the Invalda INVL group. In a rapidly changing geopolitical and economic environment, we consistently focus our work on creating long-term value by investing, ensuring asset diversification and liquidity for our clients, and growing and strengthening the managed businesses to enhance their competitiveness,” says Darius Šulnis, the CEO of Invalda INVL.

    The group generated gains of EUR 157 million for its clients last year. Client assets under management grew by 17% during the year, reaching EUR 1.68 billion at the end of December 2024.

    Strategic core business: asset management and family office activities

    Invalda INVL’s revenue from the management of assets entrusted by its clients totalled EUR 14.1 million in 2024, 16.5% less than in 2023. The decline in the period of comparison reflects the exclusion of revenue from the retail business, which was transferred to Šiaulių Bankas in early December 2023.

    The 2024 profit of strategic core business of the group, which also includes the company’s own investments in the products it manages, amounted to EUR 17.8 million, compared with EUR 39.4 million in 2023.

    The activities of the INVL Baltic Sea Growth Fund (INVL BSGF) were among last year’s most significant events. In February 2024, the fund acquired the buckwheat producer and grain trader company Galinta, and near the end of the year the fund signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania. The completion of that transaction will make Pehart Group the INVL BSGF’s 10th and the last investment. Also, a new milestone for the fund was launched: in March 2025, the INVL BSGF completed the sale of InMedica Group, private healthcare network, demonstrating the success of the fund’s strategy to build sector leaders. During the 6 years of the fund’s investment in InMedica Group, the company increased its revenues more than 15 times, and the group grew from 18 clinics to a network of 89 medical clinics, hospitals and laboratories.

    “The remaining portfolio companies of INVL Baltic Sea Growth Fund are also being successfully strengthened, and some are already being prepared for the sale. In 2025, we will focus on generating cash flows from the fund’s portfolio along with a solid return for our investors,” Darius Šulnis says.

    Last year the preparatory work was carried out for a second-generation private equity fund, which has begun operations in 2025. Having raised EUR 305 million, INVL Private Equity Fund II,  the largest private equity fund in the Baltics, has started operations, exceeding its target size in the first closing.

    Total revenues across the Invalda INVL group’s portfolio companies of private equity funds amounted to EUR 854 million in 2024, with EBITDA totalling EUR 207 million and combined 12,500 employees at year-end.

    The investment opportunities offered by Invalda INVL Group in global third country funds have also been well received by investors in the Baltic region. The INVL Partner Global Real Estate Fund I, established early last year, attracted USD 13.25 million from investors, while the INVL Partner Power Opportunities Fund, launched in September 2024, raised USD 24.71 million.

    The INVL Renewable Energy Fund I is due to complete its investment phase this year and prepare to manage power generation projects that will begin producing revenue. The fund’s team will also focus on realizing value, which may include the potential sale of projects. In 2025, work began on analyzing possible scenarios for the establishment of a second renewable energy fund with a broader infrastructure strategy.

    The INVL Sustainable Timberland and Farmland Fund II entered a new geographic market in 2024 with its acquisition of forests in Romania as the fund’s total portfolio of land and forest exceeded 20,000 hectares. This year the fund will focus on improving the quality of its portfolio, undertaking value-creating transactions and seeking to ensure a steady revenue generation and achieve the targeted return for investors.

    INVL Technology earned a net profit of EUR 8.1 million in 2024, 56.6 more than in 2023. The price of the company’s shares on the stock exchange rose nearly 70% last year. In mid-March 2024, INVL Technology announced that it had signed an agreement with an investment advisor and M&A intermediary for the sale of the company’s portfolio of businesses.

    INVL Baltic Real Estate, the real estate investment company, had a consolidated net profit of EUR 2.74 million last year, which is 3.9 times the figure for 2023.  INVL Baltic Real Estate completed the sale of a property holding in Latvia last year in a transaction valued at EUR 7.45 million.

    As of late 2024, INVL Asset Management became the manager of INVL Bridge Finance, a fund that is successfully operating in the private debt market.

    The INVL Family Office continued its successful activities in Lithuania and expanded operations in the other Baltic countries. The first clients are already being served in the Family Office representative offices in Latvia and Estonia.

    Equity investments

    Invalda INVL’s other equity investments, aside from the asset management, had a EUR 32.1 million impact on earnings in 2024.

    This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value and dividend payouts. Invalda INVL has investments in Šiaulių Bankas and in maib, Moldova’s largest bank.

    The positive impact of Šiaulių Bankas on Invalda INVL’s pretax profit, including dividend payments, was EUR 23.6 million. In 2024, the bank has successfully integrated the INVL retail business, moved forward with a business transformation to strengthen the bank, and, in April this year, announced plans to change its name to Artea. Šiaulių Bankas last year earned a record EUR 79.3 million net profit and half of it has allocated to dividends. The bank’s share price on the stock exchange rose 19% during 2024. 

    During the last year, maib once again delivered solid financial results in 2024, reflecting both resilience and sustainable growth in all business segments. The bank had an unaudited net profit of EUR 73.4 million last year and paid EUR 39.4 million in dividends. Maib made the positive influence of EUR 4.8 million on Invalda INVL’s pretax profit.

    Litagra, one of the largest agribusiness groups in Lithuania, has benefited from favourable market trends.  Since the second half of 2024, the company’s revenue, EBITDA and profit have recovered and increased. Litagra had a positive influence of EUR 3.3 million on Invalda INVL’s result for 2024.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    Attachments

    The MIL Network

  • MIL-OSI: Royalty Pharma Appoints Vlad Coric, M.D. to the Company’s Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced the appointment of Vlad Coric, M.D. to the company’s Board of Directors, effective immediately. Vlad Coric is the Chairman and Chief Executive Officer of Biohaven, a biopharmaceutical company focused on the discovery, development and commercialization of life-changing treatments in key therapeutic areas including neuroscience, immunology and oncology.

    “I am excited to announce that we are strengthening our Board with the appointment of Vlad Coric,” said Pablo Legorreta, founder and Chief Executive Officer of Royalty Pharma. “Vlad’s entrepreneurial approach and outstanding leadership skills, honed over a distinguished career in biopharma, will serve as tremendous assets to Royalty Pharma. In addition, Vlad brings notable experience in the royalty funding space, having completed multiple transactions with us during his tenure at Biohaven. We look forward to leveraging his scientific expertise and insights to advance our position as the leading partner funding innovation in life sciences.”

    Dr. Coric successfully led Biohaven through the FDA approval and launch of Nurtec ODT for the treatment of migraine. Under his leadership, the company also filed an NDA for its second drug candidate, zavegepant, as the first intranasal CGRP antagonist for ultra-rapid relief of migraine. During his tenure, Dr. Coric oversaw Biohaven’s impressive growth from its founding through its sale to Pfizer in May of 2022 for approximately $13 billion in total consideration.

    Dr. Coric has more than 20 years of drug discovery and clinical development experience at Yale School of Medicine and Bristol-Myers Squibb prior to leading Biohaven. Within the pharmaceutical industry, Dr. Coric has expertise working across therapeutic areas including neurology, psychiatry, immunology, virology, oncology and immuno-oncology. During his career, he has been involved in multiple drug development programs. Dr. Coric completed his postdoctoral internship, residency and fellowship at Yale School of Medicine, earned his medical degree from Wake Forest University School of Medicine and was an honors scholar in neurobiology and physiology at the University of Connecticut, where he received his Bachelor of Science degree.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 15 development-stage product candidates. For more information, visit www.royaltypharma.com.   

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    The MIL Network

  • MIL-OSI: Capital City Bank Group, Inc. to Announce Quarterly Earnings Results on Monday April 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., April 08, 2025 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ: CCBG) announced today that it will release first quarter 2025 results on Monday, April 21, 2025, before the market opens. Upon release, investors may access a copy of the earnings results at the Company’s Investor Relations website, investors.ccbg.com.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.5 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 62 banking offices and 105 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.

    For Information Contact:
    Jep Larkin
    Executive Vice President and Chief Financial Officer
    850.402.8450

    The MIL Network

  • MIL-OSI: Globalink Investment Inc. Announces Extension of the Deadline to Complete a Business Combination to May 9, 2025

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, April 08, 2025 (GLOBE NEWSWIRE) — Globalink Investment Inc. (OTC Pink: GLLI, GLLIW, GLLIR, GLLIU) (“Globalink” or the “Company”), a special purpose acquisition company, announced today that on April 8, 2025, it caused to be deposited $60,000 (the “Extension Payment”) into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”) to extend the deadline to complete its initial business combination from April 9, 2025 to May 9, 2025. The extension is the twenty-second extension since the consummation of the Company’s initial public offering on December 9, 2021, and the fifth of up to six extensions permitted under the Company’s governing documents currently in effect.

    About Globalink Investment Inc.

    Globalink is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region, Globalink intends to pursue targets in North America, Europe, Southeast Asia, and Asia (excluding China, Hong Kong and Macau) in the medical technology and green energy industry.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements in this press release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “guidance” or the negative of those terms or other comparable terminology. These statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those in the forward-looking statements, many of which are outside of the Company’s control. These factors include, but are not limited to, a variety of risk factors affecting the Company’s business and prospects, see the section titled “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 25, 2025 and the prospectus filed with the SEC on December 6, 2021 and subsequent reports filed with the SEC, as amended from time to time. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Globalink Contact:

    Say Leong Lim
    Globalink Investment Inc.
    Telephone: +6012 405 0015
    Email: limsayleong@hotmail.com

    The MIL Network

  • MIL-OSI: AMD to Report Fiscal First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., April 08, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) announced today that it will report fiscal first quarter 2025 financial results on Tuesday, May 6, 2025, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com.

    AMD also announced it will participate in the following events for the financial community:

    • Mark Papermaster, executive vice president and chief technology officer, will present at the TD Cowen 52nd Annual Technology, Media and Telecom Conference on Wednesday, May 28, 2025.
    • Jean Hu, executive vice president, chief financial officer and treasurer, will attend the Bank of America 2025 Global Technology Conference on Tuesday, June 3, 2025.

    A webcast of the presentations can be accessed on AMD’s Investor Relations website ir.amd.com.

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) websiteblog, LinkedIn, Facebook and X pages.

    AMD, the AMD Arrow logo and the combination thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    Contact
    Phil Hughes
    AMD Communications
    512-865-9697
    phil.hughes@amd.com 

    Liz Stine
    AMD Investor Relations
    (720) 652-3965
    liz.stine@amd.com 

    The MIL Network

  • MIL-OSI: Encore Capital Group to Announce First Quarter 2025 Financial Results on May 7

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 08, 2025 (GLOBE NEWSWIRE) — Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the first quarter 2025 on Wednesday, May 7, 2025, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Tomas Hernanz, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

    Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore’s website at www.encorecapital.com. To access the live conference call by telephone, please pre-register using this link. Registrants will receive confirmation with dial-in details.

    For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company’s website shortly after the call concludes.

    About Encore Capital Group, Inc.

    Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services for consumers across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases portfolios of consumer receivables from major banks, credit unions, and utility providers.

    Encore partners with individuals as they repay their debt obligations, helping them on the road to financial recovery and ultimately improving their economic well-being. Encore is the first and only company of its kind to operate with a Consumer Bill of Rights that provides industry-leading commitments to consumers. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P Small Cap 600 and the Wilshire 4500. More information about the company can be found at www.encorecapital.com.

    Contact:
    Bruce Thomas
    Encore Capital Group, Inc.
    bruce.thomas@encorecapital.com

    SOURCE: Encore Capital Group, Inc.

    The MIL Network

  • MIL-OSI: Ingersoll Rand Schedules First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DAVIDSON, N.C., April 08, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, will issue its first quarter 2025 earnings release after the market closes on Thursday, May 1, 2025.

    Ingersoll Rand will also host a live earnings conference call to discuss the first quarter results on Friday, May 2, 2025, at 8 a.m. Eastern Time. To participate in the call, please dial +1-888-330-3073, domestically, or +1-646-960-0683, internationally, and use access code 8970061.

    A real-time audio webcast of the presentation can be accessed via the Events and Presentations section of the Ingersoll Rand Investor Relations website here, where related materials will be posted prior to the conference call.  

    A replay of the webcast will be available after conclusion of the conference and can be accessed on Investor Relations Website here.

    About Ingersoll Rand Inc.
    Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.

    Investors:
    Matthew Fort
    Matthew.Fort@irco.com

    Media:
    Sara Hassell
    Sara.Hassell@irco.com

    The MIL Network

  • MIL-OSI Russia: Financial news: On holding auctions on April 9, 2025 to place OFZ issue No. 26221RMFS and issue No. 52005RMFS

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    For bidders

    We inform you that, based on the letter of the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Conducting Trading on the Stock Market, Deposit Market and Credit Market of Moscow Exchange PJSC, the order establishes the form, time, term and procedure for holding auctions for the placement and trading of the following federal loan bonds:

    1.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security Federal loan bonds with constant coupon income
    State registration number of the issue 26221RMFS from 06.02.2017
    Date of the auction April 9, 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code SU26221RMFS0
    ISIN code RO000A0ZHKhFM1
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

    2.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with indexed par value
    State registration number of the issue 52005RMFS from 03/09/2023
    Date of the auction April 9, 2025
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code SE52005RMFS4
    ISIN code RO000A105SV1
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

    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. MOEX.K.MO/N89268

    MIL OSI Russia News

  • MIL-OSI Security: Florida Man Pleads Guilty to Multimillion-Dollar Scheme to Defraud Medicare

    Source: Federal Bureau of Investigation (FBI) State Crime News

    A Florida man pleaded guilty on Monday to purchasing Medicare identification numbers and using those numbers to cause over $8.4 million of false and fraudulent claims to be submitted to Medicare.

    Corey Alston, 47, of Fort Lauderdale, pleaded guilty to conspiring to defraud the United States and to illegally purchase Medicare beneficiary identification numbers in connection with a scheme to bill Medicare for COVID-19 test kits that were ineligible for reimbursement. According to court documents, Alston and his co-defendant, Latresia A. Wilson, conspired to unlawfully purchase Medicare beneficiary identification information (including Medicare Beneficiary Identification Numbers) and used that information to submit millions of dollars in claims to Medicare for COVID-19 test kits that the beneficiaries did not want or request.

    Over the course of just seven months, from July 2022 through February 2023, Alston, Wilson, and others, through companies they owned and controlled, submitted over $8.4 million in false and fraudulent claims to Medicare that were ineligible for reimbursement. Medicare paid over $2.6 million based on the false and fraudulent claims.

    Wilson previously pleaded guilty on June 10, 2024, to conspiracy to defraud the United States and to illegally purchase Medicare beneficiary identification. She is scheduled to be sentenced on May 15. Alston is scheduled to be sentenced on July 9. Alston and Wilson each face a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division; U.S. Attorney Gregory W. Kehoe for the Middle District of Florida; Special Agent in Charge Matthew W. Fodor of the FBI Tampa Field Office; and Acting Special Agent in Charge Jesus Barranco of the Department of Health and Human Services Office of the Inspector General (HHS-OIG) made the announcement.

    The FBI and HHS-OIG investigated the case.

    Trial Attorneys Shane Butland and Keith Clouser and Senior Litigation Counsel Catherine Wagner of the National Rapid Response Strike Force of the Criminal Division’s Fraud Section are prosecuting the case. Acting Assistant Chief Justin Woodard assisted in charging the case.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with the HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

    MIL Security OSI

  • MIL-OSI USA: SCHUMER: TRUMP TARIFFS LIKELY TO DRIVE NEW YORK RIGHT INTO A RECESSION; NYC METRO AREA IS ESPECIALLY VULNERABLE AS ONE OF LARGEST TRADE HUBS IN WORLD; SENATOR DETAILS NUMBERS THAT COULD ROT VARIETY OF…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Schumer Warns Over 260,000 NY Jobs Tied To Exports At “Direct Hit” Risk; JP Morgan Says Chance For National Recession Now At 60%–But Schumer Says For New York, That Risk Is Even Higher With EU Seeking To Retaliate At NYC Financial, Accounting & Tech Sector

    Schumer Crunches Numbers To Say, As Of Right Now, Current Tariff Plan Could Cost NYC At Least $20 Billion Dollars; NYC Metropolitan Area Exports Second Most Goods Of Any U.S. Metropolitan Area – Much Of This Could Just Cease With NYC Revenues, Jobs, Investments All Nosediving

    Schumer: Donald Trump’s Pinball Tariff Strategy Will Wreak Total Havoc On NYC & Could Drive A Deep & Needless Recession; Put Down The Golf Club & Pick Up The Papers

    With tariff chaos wreaking havoc on the U.S. economy, U.S. Senator Charles Schumer, today, issued a dire warning, with the numbers and the data to back it up: Trump tariffs are likely to drive New York’s economy right into a recession. 

    “President Trump’s pinball tariff strategy will wreak total havoc on New York City and is likely to drive us right into a recession,” Schumer said. “We’ve crunched the numbers, and what doesn’t look good for the nation, looks far worse for New York City. Some of the Big Apple’s core sectors are being targeted already, New Yorkers face roughly $20 billion dollars in increased costs, and a staggering 260,000 New York jobs are under threat, unless Donald Trump backs off—and that is exactly what I am urging today. Back off, President Trump.”

    Schumer, today, cited numbers that he predicts would go beyond the JP Morgan chances of a national recession while citing specific New York industries and sectors that would be especially slammed as the President’s pinball plans knock out some of New York’s most resilient industries—from finance, to tech and accounting. However, Schumer also cited tourism, fashion and other lifestyle industries across the city that would be equally damaged. 

    Schumer explained an ominous fact, detailing how New York and its metro area is especially vulnerable to the President’s needless tariff war because it is one of the world’s largest trade hubs. Schumer explained that the New York port and area import and export hubs hum with activity that pumps billions of dollars into the New York City economy each year.  

    Specifically, Schumer said that the President’s plans also put over 260,000 New York jobs tied to exports at, what he calls, a “direct hit” economic risk. Schumer explained that JP Morgan released data showing the nation’s chances of a recession are now at 60%–but Schumer says, in New York, the number is much higher. Schumer also said that, right now, the European Union is seeking to retaliate directly at New York City’s financial, accounting and tech sectors. He warned, today, that Asia would be next.  

    Just last week, JP Morgan said that the chance of a recession substantially increased due to President Donald Trump’s tariff announcement. The report, headlined “There will be blood” and dated April 3, warned, “these policies, if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this point, raising the risk of a recession this year to 60%.”

    “Disruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,” JP Morgan said last week, adding that the country’s trade policy has turned less business friendly than anticipated.

    “The effect is likely to be magnified through tariff retaliation, a slide in U.S. business sentiment and supply-chain disruptions,” JP Morgan warned. S&P Global, the rating firm, also raised its “subjective” probability of a U.S. recession last week.

    Schumer also pointed to Barclays, and brokerages HSBC, Deutsche Bank and BofA warned last Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if the President’s tariffs remain in place.

    Financial reports say that if the tariffs are sustained, “recession risks will likely rise materially,” Deutsche Bank said in a note, while BofA noted the economy could be pushed to “the precipice of recession,” according to reports. Both Deutsche Bank and BofA predicted tariffs could ‘potentially shave 1-1.5 percentage points from U.S. economic growth this year.’

    And today, Goldman Sachs has now sounded their own alarm, saying the chances of a recession have increased greatly.

    Schumer echoed these warnings and other reports saying Trump’s tariff increase is “largest tax hike since 1968”—comparable to Smoot-Hawley, Schumer says.  

    As for New York City, Schumer is seeing red. Specifically:

    1. Schumer says that Trump’s tariffs will raise costs for NYC and threaten to put the Big Apple straight into a recession:
  • Schumer detailed how NYC is particularly vulnerable:
    • NYC is one of the largest trade hubs in the country, with more than $200 Billion in trade in goods alone each year ($100b imports, $100b exports) – Schumer says this entire subset economy has been fractured, no matter what the President does right now.
    • Schumer can say that Trump’s tariffs will mean a nearly $20 Billion-dollar DIRECT HIT to NYC, and that’s before other countries try to retaliate. Schumer says the EU and Asia have begun the process.
    • 80,000 jobs were already at risk before Trump’s latest announcement, which now threatens the more than 250,000 jobs in New York that are dependent on exports and could be threatened by retaliation.
  • Schumer says key NYC industries are already feeling the effects:
    • NYC’s biggest industries are in information services (financial, accounting, tech), which are the focus of the EU’s potential retaliation, and Schumer says it is clear that Asia will begin retaliation this week.
    • Tourism: Countries like Canada are boycotting travel to US, which has already seen a 23% drop in Canadian travel to US. But Schumer says the pinball tariff strategy will also constrict tourism on a global scale, constricting the global economy and weakening the dollar.  
    • Fashion/Garment industry is facing price increases of 10 to 17% — Schumer says NYC is a fashion and garment hub, from leathers to other textiles, and that the current tariff ‘plan’ will rip the threads out of the NYC fashion and commerce economy.

    Schumer has fought to help New York push back against these pinball tariffs, forcing a vote to rescind Trump’s disastrous tariffs and protect NY consumers.

    Following Democrats’ successful effort to force a Senate vote to pull back Trump’s tariffs on Canada, Schumer pushed an amendment to rescind any tariffs put in place after January 20, 2025 that have increased the costs of groceries, medicines, or other everyday goods, while leaving in place tariffs on adversaries like China, Russia, Iran, and North Korea. Schumer explained he authored the amendment because Congress should be prioritizing reducing costs for families and small businesses, not taxing middle class families to pay for tax cuts for billionaires.

    “Bottom line, Schumer says, Donald Trump’s tariff strategy will wreak total havoc on the New York City economy and is likely to drive us straight into a recession. I urge the President to back off. Put down the golf clubs and pick up the papers and have a look at what is going on because it is anything but ‘great.’”

MIL OSI USA News

  • MIL-OSI United Nations: New Permanent Representative of Zimbabwe Presents Credentials to the Director-General of the United Nations Office at Geneva

    Source: United Nations – Geneva

    Ever Mlilo, the new Permanent Representative of Zimbabwe to the United Nations Office at Geneva, today presented her credentials to Tatiana Valovaya, the Director-General of the United Nations Office at Geneva.

    Prior to her appointment to Geneva, Ms. Mlilo served as Director for Legal Services at the Zimbabwe Republic Police from 2015 to 2018. She held multiple positions at the Zimbabwe Republic Police Training Depot, including as Commandant from 2014 to 2015, and Assistant Commissioner, Training from 2012 to 2014.  Ms. Mlilo also previously worked as a part time lecturer in law at the Police Staff College from 2011 to 2018; Legal Officer at the Police General Headquarters from 2010 to 2014; and Investigating Officer at Mkoba Police Station, Gweru, Zimbabwe from 1999 to 2005.

    She currently lectures part time in mining law at the Pan African Minerals University of Science and Technology and at the University of Zimbabwe.

    Ms. Mlilo holds a Master of Laws in International Criminal Justice from the Open University of Tanzania (2015); a Bachelor of Laws from Midland State University in Gweru, Zimbabwe (2010); and a Diploma of National Security from Galilee International Management Institute, Israel (2016).  She is in the final year of studying for her Doctor of Laws in International and Diplomatic Studies at the European Graduate School of Government Studies in Slovenia.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CR25.016E

    MIL OSI United Nations News

  • MIL-OSI USA: Style Guidelines for ‘The Earth Observer’ Newsletter 

    Source: NASA

    Introduction

    The Earth Observer Editorial Process

    Types of Articles in The Earth ObserverGeneral article format— Announcement article— Feature article— Hybrid article— In Memoriam article— Kudos article— Summary article

    Guidelines for Preparing Articles for The Earth Observer— Writing for the web— Catchy headline— Naming files— Use visuals to draw the reader in— Search engine optimization—— Headline and subheads—— Links—— Alternate text for graphics— Submitting An Outline— Submitting Your Draft

    Specific Style Guidelines— Acronyms— Affiliations— Capitalize Earth, Moon, Sun— Chemical formulas— Compound words— Cross-references— Dates, months, and seasons— Directions and regions— Footnotes— Formal titles— Hyperlinks, the how and the why—— How to insert a hyperlink— Hyphens, en dashes, and em dashes—oh my!!— Italics and quotes— Items in a series— Numbers— Ordinal numbers— References— References to teams— State abbreviations— Typographical emphasis

    Guidelines for Graphics, Photos, Visualizations, Animations— Inserting figures, photos, animations, and visualizations— Caption, credit, and tags— Graphic/photo requirements

    Final Thoughts

    Introduction
    This document contains guidelines to assist you as you prepare articles for The Earth Observer (EO) newsletter. Our Editorial Team appreciates your cooperation in keeping these guidelines in mind as you prepare articles for submission. Our team reviews every article, but following the style guidelines will expedite the editorial process.
    Please be aware that this style guide is a living document and as such continues to evolve. If it has been a while since you have submitted an article for The Earth Observer, please be sure you are using the latest version of the Style Guide. The date of the most recent update is printed in the footer of the document to make it easier to maintain the most current version of the document.
    Editing is sometimes more art than science, and while the Editorial Team will endeavor to follow the rules that follow in most cases, there may be specific cases where the Executive Editor may decide to deviate from these guidelines.
    The Earth Observer Editorial Process 
    The EO has a robust editorial team to assist with the editorial process to maintain the quality and style of the publication.
    The EO editorial staff includes:

    The editorial process is iterative. The author will typically go through two rounds of edits with the EO Editorial Team. The text is then put into a preview layout on a staging server for the author’s final review before the story is published on the EO website.
    Types of Articles in The Earth Observer
    The Earth Observer provides authors an opportunity to tell their compelling stories of Earth Science. As such it does not impose strict word count limits, but the EO has established certain general guidelines that provide a framework to follow for several types of articles.
    General article format
    Please write articles in MS Word and save as a .doc file.
    The article should begin with an introduction that provides the essentials – who, what, where, when, and why – to provide the reader with an overview of the topic to be discussed. For articles about meetings include the number of people who attended (e.g., in-person and virtual) and the objective of the meeting.
    The introduction paragraph is followed by a transition paragraph that takes the reader into the main content of the article. The article should wrap up with a conclusion.
    The suggested page length for each type of article includes inserted visual elements. In addition to the Word file, please also send separate higher resolution files for graphics, photos, animations, or visualizations. More specific requirements are available in the Guidelines for Graphics, Photos, Visualizations, Animations.
    Announcement article
    Announcement articles promote a variety of topics. Historically this type of article includes releases of new or updated Earth Science data products, information on new tools for processing and viewing data, previews of outreach activities for the Science Support Office (e.g., AGU, Earth Day), and details on upcoming science meetings or workshops (i.e., beyond the information conveyed on the NASA science calendar).
    The article is structured like a Feature article, but it is shorter, no more than two pages, including graphics and captions – see Guidelines for Graphics, Photos, Visualizations, Animations.

    For Example: NASA Invites You to Create Landsat-Inspired Arts and Crafts, The Earth Observer, Mar–Apr 2021, 33:4, 13–14. Other examples are available on the archived issues of The Earth Observer.

    If you have an idea for an Announcement article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Feature article
    Feature articles cover a wide range of Earth science topics, including satellite mission launches and historic milestones, field campaign updates, data processing tool tutorials, and summaries of NASA Science Support Office outreach events. Typically, these articles span ~8–14 pages (3000–4000 words). There are cases where longer or shorter articles are acceptable.
    A photo essay format for some topics, such as outreach event summaries, offer an option to convey a significant portion of the information using a collection of photos and descriptive captions.

    For Example: Looking Back on Looking Up: The 2024 Total Solar Eclipse

    If you have an idea for an Feature article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Hybrid article
    Hybrid articles combine elements of a Feature and a Summary article. Often, these articles start with a few pages of descriptive text about the subject, followed by a summary of a particular meeting. Owing to their hybrid nature, these articles tend to run a bit longer than the standard Summary article. These articles typically range between 8–12 pages (3000–5000 words.)
    If you have an idea for a Hybrid article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    In Memoriam article
    In Memoriam articles recognize individuals who have played prominent roles in NASA Earth Science. These articles tend to include biographical information about the deceased individual, a brief mention of their education, and a summary of their major career achievements – with emphasis on achievements related to NASA. A typical In Memoriam article layout includes one or more photos, including one of the person being memorialized.

    For Example: In Memoriam: Mary Cleave [1947–2023] The In Memoriam link provides recent examples of In Memoriam articles published in The Earth Observer. Other articles are available by searching the publication’s archived issues.

    This type of article is structured like a Feature article with the exception that the subject is referred to by their first name. In Memoriam drafts should be no more than two pages in Word – including graphics and captions – see Guidelines for Graphics, Photos, Visualizations, Animations.
    If you know someone to eulogize in The Earth Observer for their contributions to NASA Earth Science, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Kudos article
    Kudos articles acknowledges individuals or groups either within or connected to (funded by) NASA who receive significant NASA-wide awards.
    A Kudo article follows a structure similar to a Feature article. It should be a maximum of one page in Word – including a photo of person(s) or group being honored – see Guidelines for Graphics, Photos, Visualizations, Animations.

    For Example: MOPITT Canadian Principal Investigator Receives Two Awards, The Earth Observer, Mar–Apr 2021, 33:2, 28 [bottom]. Other examples are available by searching through archived issues of The Earth Observer.

    If you know an individual or a group of people worthy of recognition for their NASA-related achievement, please email the EO Editorial Team who will work with you on a draft submission. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Summary article
    Summary articles provide an overview of recent scientific meetings and/or workshops. Ideally, a Summary article should be no more than 6 pages (~2500 words).
    Provide the flavor of the event rather than describe it in detail. Summarize the overall nature and sense of sessions. The Editorial Team has found that a mix of narrative descriptions of key (usually programmatic) presentations (e.g., plenary sessions) and summaries with less detail for the remaining (e.g., technical) presentations is optimum.
    Now that The Earth Observer is published online, it is the view of the Editorial Team format summary articles using a “minutes-style” report of the meeting. While space no longer precludes publishing such an article as it did in the past, the format does not translate well to the online communication medium. Unless a reader is really interested in the specific topic(s) discussed in the article, it is likely that they will not scroll through to the end – no matter how nice the layout looks.
    If you have an idea for a Summary article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Guidelines for Preparing Articles for The Earth Observer
    EOis a hybrid publication, landing somewhere between a science journal and popular science magazine. Therefore, the focus should be on phenomena rather than data. The article provides an opportunity to publicize your mission, research to ~1653 subscribers (as of August 2024) around the world. Please review the content in this guideline before writing your article and reach out to the Editorial Team if you have any questions.
    Writing for the web
    The EO audience ranges from scientists to the general public. When writing an article, use plain language and active voice. When in doubt, write the article so that it would be understandable to a friend or relative not in the field.

    For Example:
    Passive voice: The rate of evaporation is controlled by the size of an opening.
    Active voice: The size of an opening controls the rate of evaporation.

    Avoid using jargon and technical language. When it is necessary to use technical language, please use ITALICS to offset the word in the text. Follow the italicized word with a brief definition or explanation.

    For Example: Inference – formally derived uncertainty for area estimates of biomass, height, or other metrics – can take different forms, each of which includes specific assumptions. In this breakout session, participants considered the strengths and limitations of different inference types (e.g., intensity of computation or the ability to use different models).

    Writing content for a website differs from print. The human eye is more inclined to read shorter paragraphs separated by breaks. It is ideal to keep sentences and paragraphs short.
    Use one space after a period. The two spaces after a period is an artifact of conventional type writers.
    Avoid editorializing in the article. For example, do not characterize a spacewalk as “daring” or “dangerous.” Describe the events factually. If things are described well, readers easily can decide for themselves whether they are daring or dangerous. Never, under any circumstances, insert any personal, political, ideological, or religious opinions or beliefs into NASA news media products.
    Catchy headline
    Write a headline that is short, searchable, and shareable. Try to keep the headline to 60 characters (including spaces). Longer headlines may be invisible to search engines.
    Unlike journal articles, The Earth Observer only includes individuals who made a significant contributions to the EO article. A typical article should only lists one or two authors. In some occasions, an article may have up to four authors. The authors should be formatted as follows:
    First Last, Organization, author email
    If there are more you wish to give credit, consider doing so in an Acknowledgment section, as discussed in the next paragraph.
    Naming files
    For consistency moving documents through the editorial process, please name the file by the file type, the topic, and the author’s last name.

    For Example: announcement_topic_author
     feature_topic_author
     hybrid_topic_author
     memoriam_topic_author
     kudos_topic_author
     summary_topic_author

    Use visuals to draw the reader in
    The Earth Observer is now published online. Visual elements are critical to all EO stories and are a required element to submissions. The Editorial Team would prefer having too many graphics (i.e., photos, figures, animations, and visualizations) than too few. It is helpful to insert this content into the Word file as well as include the graphics as separate files at the time of the initial submission of the draft for editorial review. See the Guidelines for Graphics, Photos, Visualizations, Animations section for more information.
    Search engine optimization
    Search Engine Optimization (SEO) is a broad set of techniques to capitalize how search engines, such as Google, scrub content on the internet. By optimizing how articles are written, it is possible to influence where content shows up in an organic, online search. The different approaches can fill an entire book. This style guide provides a few pointers to help tweak articles to optimize how the content appears in online searches.
    Headline and subheads
    A headline should be clear and compelling to reveal what the content is about as well as entice the searcher to click for more. A SEO headline is a ranking factor in search engine results. A headline can be crafted to rank higher in search results, which increases an article’s visibility and generate more clicks. This can be done by using SEO search terms — those terms that a person would type into a search box — in the headline. Shorter headlines (i.e., 60 characters including spaces) are often more effective during searches.
    Subheads provide a way to organize an article and separates the content into digestible sections. Like headlines, subheads can be optimized for SEO searches. Subheads may include key takeaways from the specific section. Keep subheads clear and concise.
    Links
    Earth Observer articles are now being posted online. Footnotes are no longer a functional option, which is a significant change for authors who have published articles in our print issues in the past. It is helpful to hyperlink words or short phrases in the article that directs the reader to additional content from the meeting, such as presentations, poster sessions, talks by attendees, programs/satellites, journal articles, etc. Relevant links should also be added to captions. See the Hyperlinks section for guidance on how to insert and format a hyperlink in the article.
    Internal links tie content in the article to other pages within an organization, such as NASA, to boost site authority. External links direct a reader to sites outside the organization. This approach also drives up site authority in SEO searches. By connecting relevant pages, it will improve article navigation and ensure users can locate relevant information.
    Alternate text for graphics
    Alternate text, or alt text, is the small description added to visual elements on the back end of a website. Search engines use the alt text to identify relevant content. Alt text also improves accessibility for all users. Tools that read webpages aloud can read alt text to help explain what visual elements contain for the visually impaired.
    Alt text should be concise, accurate, and use keywords. Keywords are highly relevant words or phrases associated with the picture and the content of the article.

    For Example: Figure 1. Forty SWOT Early Adopter (EA) teams span the globe with a wide range of operational and applied science project topics.
    Figure credit: NASA
    Key word tag: A global map showing the locations of early adopter organizations.

    Submitting An Outline
    An outline is not requiredprior to submitting the first draft of an article, but an outline may be beneficial for lengthy articles (i.e., features, hybrids). Outlines are particularly helpful for first-time authors or when an author is seeking guidance about the appropriateness of content for The Earth Observer. It is hard for the team to comment without seeing something in writing. More generally, submitting an outline presents an opportunity for the editorial team to provide input on the article during the writing process – as opposed to waiting until the first draft is submitted.
    Submitting Your Draft
    Do not submit a draft for review unless it is complete (i.e., contains all visual elements, captions, credits, and content). Unless you clearly indicate otherwise, the Editorial Team will assume your submission is ready for them to review. Version control problems result when text is updated after reviews have started.
    The initial draft submitted for editorial review should include graphics. including captions and credits. The editorial process is delayed when graphics, credits, and captions are added iteratively once the process has begun.
    Specific Style Guidelines
    Over more than 35 years as a NASA publication, The Earth Observer has developed its own unique style. Please review these specific guidelines detailed below, and let the Editorial Team know if you have any questions. In addition, The Earth Observer also adheres to the NASA Stylebook and Communications Manual, 9th edition (June 2020), which is closely aligned with the AP Stylebook.
    Acronyms
    Science is rife with acronyms. On first usage, always spell out the acronym and follow with the acronym in parenthesis. From that point on in the article, use the acronym. To ensure photos, figures, visualizations, and animations are understandable if removed from the larger text, please spell out acronyms in captions.
    Well-known acronyms (e.g., NASA, U.S., etc.) do not need to be spelled out. Separate the acronym for United States (e.g., U.S.) and United Kingdom (e.g., U.K.) with periods.

    For Example: Level-1 (L1), Global Ecosystem Dynamics Investigation (GEDI), International Space Station (ISS), Precision Orbit Determination (POD), etc.

    Only capitalize proper nouns as defined by the dictionary or AP style. The Earth Observer style does capitalize the first letter of a specific product that will be turned into an acronym.

    For Example: Do not capitalize the first letter of each word in “solid rocket booster (SBR),” even though the subsequent use of the acronym SRB will appear in the article.

    A compound acronym arises when parentheses occur inside of parentheses. In this situation, use [BRACKETS] for the outer set of parentheses and (PARENTHESES) for those inside.

    For Example: Thomas Neumann [GSFC—Deputy Director of GSFC’s Earth Sciences Division (ESD)] welcomed meeting participants on behalf of the ESD.

    Affiliations
    Use a possessive for an organization when it is part of NASA. Do not use a possessive when using the agency as an adjective.

    For Example: NASA’s Goddard Space Flight Center (GSFC); subsequent references would just use “GSFC.”

    For Example: SWOT data products available through PO.DAAC provides centralized, searchable access that is available using an in-cloud commercial web service through the NASA EarthData portal.

    Write out an organization that is not part of NASA.

    For Example: Gustavo Oliveira [Clark University] presented details on the project “Irrigation as Climate-Change Adaptation in the Cerrado Biome of Brazil.”

    When multiple “levels” of affiliation are listed, start with the “top-level” affiliation as a possessive followed by lower level. If the affiliations are mentioned again later in the article, only the acronym for the lowest level needs to be repeated.

    For Example: For NASA’s Goddard Space Flight Center’s Global Modeling and Assimilation Office (GMAO), subsequent references to this entity would be “GMAO.”

    For Example: For University of Maryland, Baltimore County’s Earth System Science Interdisciplinary Center (ESSIC), subsequent references to this entity would be “ESSIC.”

    When a person is affiliated with two (or more) distinct entities, separate the two entities by slashes.

    For Example: Project Scientist Felix Landerer (NASA/JPL), followed by detailed assessments of the G-FO mission and operations status from the core SDS centers and flight operations teams.

    When a NASA Center and contractor are listed, please list the NASA Center followed by contractor and separate the two entities by a slash.

    For Example: NASA’s Goddard Space Flight Center (GSFC)/Global Science & Technology, Inc. (GST).

    Capitalize Earth, Moon, Sun
    NASA capitalizes the first letter in Earth, Moon, and Sun.In addition, do not use the modified ‘the’ before Earth.

    For Example: This strategy acknowledges the urgency of global changes, such as accelerating environmental shifts, understanding Earth’s interconnected systems, and developing scalable information.

    Chemical formulas
    Chemical formulas should be treated like acronyms. Spell out a chemical formula upon first use in an article followed by the chemical formula in parenthesis. Use appropriate subscripts and superscripts in the chemical formula. From that point onward, use the chemical formula in the article.

    For Example: The data show that global and East Asian emissions of oxides of nitrogen (NOx) have decreased since 2010, contrasting India and Southeast Asia’s rising trends. In Southeast Asia, NOx and sulfur dioxide (SO2) emissions increased from 1990–2018, while black carbon (BC) emissions peaked in 2007.

    Compound words
    Make one word out of all compound words (e.g., multipurpose, multiangle).
    Exception: Hyphenate cases where the same vowel repeats (e.g., bio-optical, multi-imager).
    Cross-references
    It is common to reference a previous EO article to provide context and background for the current story. The Editorial Staff recommends authors cross-reference prior EOarticle. The title of the article, volume, issue, and page range in parenthesis. The information should be italicized, except for “The Earth Observer,” which should be plain text.
    The name of the cross-referenced article should be hyperlinked to that article. You can find past Earth Observer newsletters on the archive page.

    For Example: ESIP was created in response to a National Research Council (NRC) review of the Earth Observing System Data and Information System (EOSDIS). (To learn more about EOSDIS, see Earth Science Data Operations: Acquiring, Distributing, and Delivering NASA Data for the Benefit of Society, in the March–April 2017 issue of The Earth Observer [Volume 29, Issue 2, pp. 4–18].) As NASA’s first Earth Observing System (EOS) missions were launching or preparing to launch, the NRC called on NASA to develop a new, distributed structure that would be operated and managed by the Earth science community and would include observation and research, application, and education data.

    Dates, months, and seasons
    When referencing a date, spell out the month, followed by the day (if included) and year. This style differs from AP. A comma always follows a year if the date is written in-line of the sentence.

    For Example: January 27, 2022; January 2022
    For Example: PACE launched on February 8, 2024, from Vandenberg Space Force Base in California.

    Capitalize a season followed by a year, but not when just referring to a season.

    For Example: Spring 2022; summer

    Spell out time zones, such as Eastern Daylight Time, and thereafter replace with the acronym (i.e., EDT).

    For Example: In Cleveland, the eclipse began at 1:59 PM. Eastern Daylight Time (EDT), with totality spanning 3:13–3:17 PM.

    Directions and regions
    EO articles follow AP style for directions (e.g., north, south, east, west, northeast, southwest, norther, western, southern, eastern). The directions should be lowercase when indicating a compass direction and when it is used to describe sections of states or cities.

    For Example: The cold front is moving east.

    The direction should be capitalized for a proper name or large regions. 

    For Example: NASA’s South/Southeast Asia Research Initiative (SARI) is a regional initiative under the LCLUC program that addresses the critical needs of the South/Southeast Asia region.
    For Example: West Virginia or North Dakota

    Footnotes
    The Earth Observer has transitioned to an online publication. Footnotes will no longer be used in articles. Instead of footnotes, the publication will use hyperlinks to direct readers to additional content. Refer to the section on Hyperlinks for more information on how to include a hyperlink in an article. A good mantra to follow – if you are unsure if a reference is needed, leave it out.
    Formal titles
    Formal titles, such as Ms. or Dr., are used in articles that are more personal, such as Kudos, In Memoriam, and The Editor’s Corner. For all other articles, the professional title is not used. When you introduce a person in the story, present the name in BOLD followed by their agency and position in ITALICS, offset by brackets.

    For Example: First Last [Agency—Job Title] began by providing an update on the status of the new launch date for the. . . .

    After the individual is introduced in the article, EO style follows a particular style for using the name again. If the individual’s name is included in the same paragraph where the person was introduced, only use the last name [UNBOLD]. If the individual is mentioned later in the article, several paragraphs removed from introduction, use the full name [FIRST LAST, UNBOLD].
    Hyperlinks, the how and the why
    Prior to moving online, The Earth Observer used footnotes to reference information in an article. The online publication will now use hyperlinks to refer the reader to additional content on a topic. As a general rule, hyperlink content regarding missions, instruments, field campaigns, models, papers, and other programs named in the article. It is not necessary to link to each individual institution mentioned when individuals are identified in summaries.
    How to insert a hyperlink
    The first step in this process is to identify the anchor text to highlight in the sentence. The anchor text includes a word or phrase that points the reader to additional content.

    For Example: Anchor text: Volume 35 Issue 6 of The Earth Observer

    Find the Uniform Resource Locator (URL) for the webpage. The URL is an address that specifies the location of a resource on the internet.

    For Example: URL: https://eospso.gsfc.nasa.gov/sites/default/files/eo_pdfs/EO%20Nov-Dec%202023-Digital%20508.pdf

    Note: When inserting a link to a prior published article from The Earth Observer’s archive, be certain to capture the URL for the first page of the referenced article, as opposed to the issue’s first page.
    To insert a hyperlink, copy the URL from the website where the additional content can be found. Select the word or phrase to use as anchor text. Do not include an acronym as part of the anchor text for a hyperlink. Select the hyperlink command under the Insert dropdown menu. Paste the URL into the link box. Be sure the ‘Web Page or File’ tab is selected (not the Email tab). The hyperlinked text will appear blue and underlined.

    For Example: It is possible to find this information in Volume 35 Issue 6 of The Earth Observer.
    For Example: The Hyperwall presentation highlighted recent discoveries from the James Webb Space Telescope (JWST) mission.

    Hyphens, en dashes, and em dashes—oh my!!
    Hyphen: – A hyphen is used to separate compound adjectives or words.

    For Example: The satellite reached a near-Earth orbit.

    En Dash: – An en dash spans the length of a typed lowercase ‘n.’ This special character is used to separate numbers.

    For Example: The meeting was held March 5–8 in Denver, CO. [Note there is no space between the numbers in this example.]

    The Earth Observer style follows the NASA style guide that uses an en dash to insert a pause in the sentence. The en dash is set apart by a space on either side. In this instance, the en dash is used instead of an em dash.

    For Example: The passport identified six hidden images – all six posters from the Science Explorers Poster Series– strategically placed within the exhibit’s perimeter.

    You can insert an en dash in Word on a Mac by typing the “Option” and “hyphen/dash” keys simultaneously.
    You can also insert an en dash in Word using the Insert tab and select Advanced Symbols. A box will open with a variety of characters. Select “Garamond” from the Font pulldown menu (Garamond is the newsletter’s preferred font), then select the – symbol (or “en dash”) from the array of options displayed. You will then see a confirmation of your selection appear below the symbol options (i.e., “Insert [Garamond] character 150 (Unicode character 2013).” Please note: the character number (150 in the case of Garamond) could be different. For example, an en dash in Palatino font is character 208.

    Em Dash: — An em dash spans the length of a typed lowercase ‘m.’ This special character is used when separating the organization and the job title when introducing a person in the article. In other styles, the em dash is used as a pause in a sentence. Following NASA style guidelines, the pause is provided by the en dash.

    For Example: Thomas Neumann [GSFC—Deputy Director of GSFC’s Earth Sciences Division (ESD)] welcomed meeting participants on behalf of the ESD.

    You can insert an em dash in Word by going to the Insert tab and selecting Advanced Symbols. A box will open with a variety of characters. Select character 151. For more detailed guidance, please refer to the section above regarding how to insert an en dash.

    Italics and quotes
    Place Latin phrases in ITALICS (e.g., in situ, a priori, ad hoc, ex officio) on every appearance in the article. Do not italicize abbreviated Latin phrases (e.g., i.e., a.k.a., et al.). Use the Latin phrase i.e., instead of ‘such as’ and e.g., instead of ‘that is to say.’

    For Example: The Afternoon Satellite Constellation, a.k.a., the“A-Train,” can see Earth in a whole new dimension.
    For Example: Guy Schumann [Water in Sight]explained this Swedish start-up company uses SWOT data to validate in situ gauge data in Malawi.

    Place technical language in the text in ITALICS followed by a definition. Only use the italics on the first usage of the word.

    For Example:There were several large polynyas – areas of open ice where sea ice would be expected – detected.

    Items in a series
    The Earth Observerdeviates from AP style in the use of commas in a list or series. Use the Oxford comma in a series of items.

    For Example: The sensor measures at three different wavelengths corresponding to blue, green, red, and infrared light.

    In more complex series where one of the items is a series of items within a series, it is permissible to use semi-colons to separate the series (see below).

    For Example: The blue, green, and red channels; the two-infrared channels; and ultraviolet channel were all impacted.

    Numbers
    In the article, spell out zero to nine. Use numerals for any number greater than or equal to 10. If a sentence contains several numbers, excluding a year, that are both greater than and less than 10, use the numerals for all numbers.

    For Example: Improving the data calibrations of the acceler­ometer measurements – which are noise contaminated on one of the two G-FO spacecraft – remains a core focus of the project SDS team.
    For Example: The NASA Hyperwall served as the backdrop for 57 Hyperwall Storiesat the meeting, including 8 presentations delivered by the 2023 winnersof the AGU Michael Freilich Student Visualization Competition.
    For Example: Following the project team’s status presentations, there was a 30-minute session to answer questions from the science community and discuss in more detail the mission performance, near-term operations and data processing plans, as well as to gather suggestions and feedback from the community.

    Ordinal numbers
    Ordinal numbers are words representing position or rank in sequential order. The EO follows AP rules in how to present ordinal numbers in an article. Spell out one through nine and use figures for 10 and above. This rule holds for article headlines and subheads.

    For Example: AEOIP Holds Third Annual Workshop
    For Example: As GPM is now well into its 10th year in orbit, the time is fitting to reflect on and celebrate what this mission has accomplished and showcase its contributions to science and society.

    References
    The Earth Observer is not a peer-reviewed journal and typically does not include a list of references. It is helpful to hyperlink key words/phrases to other resources, such as journal articles. See Hyperlinks section to learn how to insert and format this text.
    In rare instances when a formal reference is required (e.g., referencing a Figure that originally appeared in another journal article), please use theAmerican Meteorological Society format.
    References to teams
    In a story, spell out “Science Team (ST)” in the first instance and use the team acronym from that point forward in the story.

    For Example: The Precipitation Measurement Mission (PMM) Science Team (ST) includes more than 20 international partners.

    For other named teams, use the initial caps for the team name and then use “Team” as shorthand afterwards (e.g., “Informatics Team” first time, then abbreviate as “Team” subsequently).
    Do not capitalize generic references to a team (e.g., a team of experts).
    State abbreviations
    The Earth Observer differs from AP style in how it presents state abbreviations. This publication uses the two-letter postal code for state abbreviations.

    For Example: The meeting was held March 5–8 in Denver, CO.

    Typographical emphasis
    Please do not use specialized typographic formatting (e.g., Heading 1, Heading 2, etc.). Instead, please use internal formatting (e.g., BOLD and ITALIC) as directed in the style guide (e.g., headings, subheads, author/speaker names, etc.). If you do use the specialized typographic formatting, it affects the insertion and layout of text on the EO website, which takes time to correct and slows publication.
    When inserting a table, do not use framed or shaded boxes.
    Units
    Do not spell out units. Use the standard abbreviation. Include both English and metric units in the text. One exception is The Editor’s Corner column, which does not use both the English and metric units.

    For Example: The data collected from G/G-FO has a native resolution of about 300 km (~186 mi).

    Guidelines for Graphics, Photos, Visualizations, Animations
    The EO supports several visual options to enhance the text of an article. A figure refers to a visual display of data. An photo refers to a photograph. An animation is a series of images or model results that illustrate a concept. A visualization is a video of content.
    To maintain a consistent design for The Earth Observer, please insert the graphic, photo, animation, or visualization in the appropriate location in the Word document. Along with the Word document, please submit the photo, graphic, visualization, or animation as separate files.
    Inserting figures, photos, animations, and visualizations
    Upon first usage in the text, include the correct graphic descriptor (i.e., figure, photo, animation, or visualization) and appropriate number in the text in bold. Restart numbering for each visual element type (e.g., Figure 1, Photo 1, Figure 2, Figure 3, Photo 2, Visualization 1).

    For Example: The GMI is a 13-channel conically scanning PMW radiometer providing observations across a wide swath (885 km or ~550 mi) to estimate precipitation – see Figure 1.

    The EO editorial staff ask that no additional formatting be used when inserting these files into the Word document. At the location in the text where the photo, figure, animation, or visualization should appear in the story, advance the text by two lines. Place the cursor in the first blank line. Go to the insert tab and select the picture icon. Select ‘Picture from File’ from the dropdown. Navigate to the location on your computer where the file is located and select ‘Insert.’

    Caption, credit, and tags
    After inserting the figure, photo, visualization, or animation, provide a caption and credit. It is important to think of the caption and credit as stand-alone items in the story.
    The graphic may need to be revised to accommodate EO style. Remove indicators, ‘a’, b’, etc from panels or items of note. EO style requires that different panels or points of interest in the graph should use “pointers,” such as top, middle, bottom.
    The caption should be descriptive and not overly technical. It should convey the content in image/figure without relying too heavily on the surrounding text to add context. Relevant links should also be added to captions. Spell out all acronyms, whether for equipment or institutions, are already spelled out in the text, because the image can be lifted from the article and used without the article where it originated. The pointer in the caption should be enclosed in brackets and the text ITALICIZED (e.g., [left]).
    The credit line should include the name of the institution or individual who should be credited for the image/figure/photograph. If an institution is listed, write the name [NO ITALICS]. Ifan individual is listed, include their institution in brackets. If the credit refers to a journal article, please use a reference to the journal (e.g., Williams et al. 2024) and link the credit reference to the DOI for the journal article. Note: there is no period after the credit line.

    For Example:
    Photo 1. Group photo of 2024 Quadrennial Ozone Symposium in-person attendees at the University of Colorado, Boulder’s University Memorial Center.
    Photo credit: Chelsea Thompson [National Oceanic and Atmospheric Administration]
    Photo 2. Sophie Godin-Beekman presents awards during the QOS dinner. Luke Western accepts the Dobson Award [left]; [Herman Smith receives the Farman award [middle]; and Valerie Thouret accepts the Farman award on behalf of Philippe Nédélec [right].
    Photo credits: Irina Petropavlovskikh [CIRES Global Monitoring Laboratory]
    Figure 1.Annual mean anomalies of ozone (%) in the upper stratosphere [top three panels] near 42 km (26 mi) altitude or 2-hPa pressure, and for the lower stratosphere, [bottom three panels] near 22 km (14 mi) or 50 hPa for three zonal bands: 35°N–60°N [top graph in each grouping] , 20°S–20°N [middle graph in each grouping], and 35°S–60°S [bottom graph in each grouping]. Anomalies are with respect to the 1998–2008 baseline. Colored lines correspond to different long-term satellite records. The black line is the merged ground-based dataset. The gray-shaded area shows the range of chemistry–climate model simulations from CCMI-1 refC2 (SPARC/IO3C/GAW 2019).
    Figure credit: from the BAMS State of the Climate in 2023

    Along with the caption, please include alternate keywords to include with the graphic. The alternative text does not appear with the article, but is added to the backend of website (i.e., Content Management System). The alt text aids in SEO. See the section on Search Engine Optimization for additional guidance.

    Key word tag: A global map showing the locations of early adopter organizations.

    If a figure or photo contain multiple elements, provide directionals in the caption to direction the reader to the different elements. The directionals should be italicized and in brackets. When referencing multiple Figures at once, use an en dash to separate the figure numbers.

    For Example [in text]: After the presentation, the attendees heard from Karen St. Germain [NASA HQ—Director of NASA’s Earth Science Division], who gave inspiring remarks and answered questions for 15 minutes – see Photos 6–7.
    For Example: Photos 6–7. Former NASA astronaut Paul Richards takes audience questions at the NASA Earth Day event. Credit: NASA
    For Example: Figure 2. The Ghana Climate Hazards Center Coupled Model Intercomparison Project Phase 6 climate projection dataset map of temperatures exceeding 41 °C (106 °F) [left], future climate projection (SSP) for 2050 [middle], and the difference between the two [right]. Figure credit: Williams et al. 2024

    Graphic/photo requirements

    Photos and graphics should be at least 1440 pixels wide. If the photo is small or low resolution, padding will be added to each side to fit the dimensions for the website.
    Provide high-resolution graphics source files of all graphics. Submit graphics and photos as a .gif, .tif, or .eps file.
    Do not resize photos or graphics.
    Submit raw data in plain text for tables. The Editorial Team will reconfigure the content into tables to insert on the EO website.

    Final Thoughts
    There are many style topics not specified here. As stated earlier, the NASA Stylebook and Communications Manual and AP Style Guide (in that order) should be followed when something is not explicitly described in this guide.
    In addition, previous articles from The Earth Observer (particularly those from recent years) can serve as templates for future articles. It is a good idea when preparing to submit an article to look at some previous articles available in The Earth Observer archive.
    The Earth Observer: Editorial GuidelinesLast Updated: 01/30/25 

    MIL OSI USA News

  • MIL-OSI Security: Home health care companies owner sentenced to more than 3 years in prison for $5.7 million Medicaid fraud

    Source: Office of United States Attorneys

    COLUMBUS, Ohio – Sally Njume-Tatsing, 47, formerly of Pickerington, was sentenced in federal court here today to 42 months in prison for committing Medicaid fraud. Njume-Tatsing was found guilty in September 2024 on all 13 counts as charged following a jury trial.

    According to court documents and trial testimony, in 2017, Njume-Tatsing owned and operated three home healthcare businesses named Labelle Home Health. The agencies were located in Reynoldsburg, Mt. Vernon and Parma.

    Njume-Tatsing resided in California during the majority of the time she owned the businesses, and despite not being involved in Labelle’s daily operations, she did all of the Medicaid billing for nursing services.

    While billing Medicaid for health aide services to individuals in their homes, the defendant inflated the hours of services provided, billed for registered nurses when licensed practical nurses completed the care, and billed for care for patients who were either deceased or ineligible to receive Medicaid.

    Njume-Tatsing was indicted by a federal grand jury in June 2023 and charged with one count of health care fraud and 12 counts of making false health care statements.

    As part of her sentence, Njume-Tatsing is ordered to pay $5.7 million in restitution to Medicaid.

    Kelly A. Norris, Acting United States Attorney for the Southern District of Ohio; Ohio Attorney General Dave Yost and the Ohio Medicaid Fraud Control Unit (MFCU); the U.S. Department of Health and Human Services, Office of Inspector General; and Elena Iatarola, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division; announced the sentence imposed today by Chief U.S. District Judge Sarah D. Morrison. Assistant United States Attorney Kenneth A. Affeldt and Special Assistant United States Attorney Jonathan L. Metzler of the Ohio Attorney General’s Office are representing the United States in this case.

    # # #

    MIL Security OSI

  • MIL-OSI: Convocation of the ordinary general shareholders meeting of Invalda INVL

    Source: GlobeNewswire (MIL-OSI)

    On the initiative and decision of the Board of the public joint stock company Invalda INVL the ordinary General Shareholders Meeting of the public joint stock company Invalda INVL (identification code 121304349, the registered address Gynėjų str. 14, Vilnius, Lithuania) is to be held on 30 April 2025 at 9:00 a.m. in the premises located in Gynėjų str. 14, Vilnius. Registration of the shareholders will start at 8:30 a.m.

    The total number of shares of the Company amounts to 12,299,375. Given that the Company has acquired its own shares, the total number of votes for the quorum of the General Meeting of Shareholders is 12,016,791. ISIN code of the shares of the Company is LT0000102279.

    The accounting day of the of General Meeting of Shareholders – 23 April 2025 (the persons who are shareholders of the Company at the end of accounting day of the General Meeting of Shareholders or persons authorized by them, or the persons with whom shareholders concluded the agreements on the disposal of voting right, shall have the right to attend and vote at the General Meeting of Shareholders).

    The day of accounting of rights is 15 May 2025.

    The agenda of the General Shareholders Meeting of Invalda INVL includes:
    1. Presentation of the public joint stock company Invalda INVL consolidated annual management report for 2024.
    2. Presentation of the independent auditor’s report on the financial statements and consolidated annual management report of the public joint stock company Invalda INVL.
    3. Approval of the consolidated and stand-alone financial statements for 2024 of the public joint stock company Invalda INVL.
    4. Resolution regarding profit distribution of the public joint stock company Invalda INVL.
    5. Decision on approval of the Remuneration Report of the public joint stock company Invalda INVL.
    6. Resolution regarding purchase of own shares of the public joint-stock company Invalda INVL.
    7. Resolution regarding the exercise of stock options granted to Invalda INVL Group employees in 2022.
    8. Resolution regarding the number of ordinary registered shares of Invalda INVL for which employees shall be offered stock options contracts during the year 2025 and regarding the price of the shares.

    The documents related to the agenda, draft resolutions on every item of agenda, documents what have to be submitted to the General Shareholders Meeting and other information related to the shareholders rights are published on the Company’s website www.invaldainvl.com, menu item Investor relations.

    Shareholders have the right:
    (i) to propose to supplement the agenda of the General Shareholders Meeting submitting draft resolution on every additional item of agenda or, then there is no need to make a decision – explanation of the shareholder (this right is granted to shareholders who hold shares carrying at least 1/20 of all the votes). Proposal to supplement the agenda is submitted in writing sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com. The agenda is supplemented if the proposal is received no later than 14 days before the General Shareholders Meeting;
    (ii) to propose draft resolutions on the issues already included or to be included in the agenda of the General Shareholders Meeting at any time prior to the date of the General Shareholders meeting (in writing, sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com) or in writing during the General Shareholders Meeting (this right is granted to shareholders who hold shares carrying at least 1/20 of all the votes);
    (iii) to submit questions to the Company related to the issues of agenda of the General Shareholders Meeting in advance but no later than 3 business days prior to the General Shareholders Meeting in writing sending the proposal by registered mail to the Company at Gyneju str. 14, Vilnius, Lithuania, or delivered in person to the representative of the Company or by sending proposal to the Company by email info@invaldainvl.com. The company reserves the right to answer to those shareholders of the Company who can be identified and whose questions are not related to the company’s confidential information or commercial secrets.

    Shareholder participating at the General Shareholders Meeting and having the right to vote, must submit documents confirming personal identity. Each shareholder may authorise either a natural or a legal person to participate and to vote on the shareholder’s behalf at the General Shareholders Meeting. A power of attorney issued by a natural person must be certified by a notary. The representative has the same rights as his represented shareholder at the General Shareholders Meeting. The authorized persons must have documents confirming their personal identity and power of attorney approved in the manner specified by law which must be submitted to the Company no later than before the commencement of registration for the General Shareholders Meeting. A power of attorney issued in a foreign state must be translated into Lithuanian and legalised in the manner established by law. The Company does not establish special form of power of attorney.

    Shareholder is entitled to issue power of attorney by means of electronic communications for legal or natural persons to participate and to vote on its behalf at the General Shareholders Meeting. No notarisation of such authorization is required. The power of attorney issued through electronic communication means must be confirmed by the shareholder with a safe electronic signature developed by safe signature equipment and approved by a qualified certificate effective in the Republic of Lithuania. The shareholder shall inform the Company on the power of attorney issued through the means of electronic communication by e-mail info@invaldainvl.com not later than on the last business day before the General Shareholders Meeting. The power of attorney and notification must be issued in writing and could be sent to the Company by electronic communication means if the transmitted information is secured and the shareholder’s identity can be identified.

    The Company is not providing the possibility to attend and vote at the General Shareholders Meeting through electronic means of communication. Shareholder or its representative may vote in writing by filling ballot paper and signing with a qualified electronic signature, in such a case the requirement to deliver a personal identity document does not apply. The form of the general ballot paper is published together with draft resolutions of the General Shareholders Meeting as well as on the Company’s website www.invaldainvl.com.

    If shareholder requests, the Company shall send the ballot paper to the requesting shareholder by registered mail or ordinary mail.

    The filled ballot paper must be signed by the shareholder or its authorised representative. Document confirming the right to vote must be added to the ballot paper if an authorized person is voting. The filled and signed ballot paper must be sent by the registered mail to the Company at Gyneju str. 14, 01109 Vilnius, Lithuania, or delivered in person no later than the beginning of the General Shareholders Meeting. Shareholders may also vote by signing the voting bulletin with an electronic signature and sending it to the Company by e-mail. A duly completed and with a qualified electronic signature signed ballot paper can be sent to the company by e-mail info@invaldainvl.com before the opening shareholders’ registration for the general meeting of shareholders, i.e. by 8.30 a.m. on 30 April 2025.

    The person authorized to provide additional information is:
    Darius Šulnis, CEO of Invalda INVL
    Darius.Sulnis@invl.com

    The MIL Network

  • MIL-OSI: Gibson Energy Confirms 2025 First Quarter Earnings Release and Annual General Meeting Dates and Provides Conference Call & Webcast Details

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 08, 2025 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) announced today that it expects to release its 2025 first quarter financial and operating results on Monday, May 5, 2025, after the close of North American markets. The 2025 first quarter management’s discussion and analysis and unaudited consolidated financial statements will be available on the Company’s website at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.com.

    Earnings Conference Call & Webcast Details
    A conference call and webcast will be held to discuss the 2025 first quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, May 6, 2025.

    To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL:

    Registration is currently open and recommended at least five minutes prior to the conference call.

    This call will also be broadcast live on the Internet and may be accessed directly at the following URL:

    The webcast will remain accessible for a 12-month period at the above URL.

    Annual General Meeting & Webcast Details
    Gibson is holding its Annual Meeting of Shareholders on May 6, 2025, at 10:00am Mountain Time (12:00pm Eastern Time). This meeting will be held in a hybrid format (virtual and in-person). Applying technology to the meeting by allowing virtual participation will make the meeting more relevant, accessible and engaging for all involved, permitting a broader base of shareholders to participate, regardless of their geographic location.

    Attending In-Person:  

    • Lumi Experience Studio 
    • Suite 1410, 225 6 Ave SW, Calgary, Alberta 

    Attending virtually can be accessed using the following URL: 

    The webcast will remain accessible for a 12-month period at the above URL. 

    Additionally, information and materials related to the annual general meeting of shareholders can be accessed using the following URL: 

    About Gibson
    Gibson Energy Inc. is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan.

    Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.

    For further information, please contact:

    Investor Relations
    Phone: (403) 776-3077
    Email: investor.relations@gibsonenergy.com

    Media
    Phone: (403) 476-6334
    Email: communications@gibsonenergy.com

    The MIL Network

  • MIL-OSI: FormFactor Introduces the EVOLVITY™ 300 Probe System

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., April 08, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (NASDAQ: FORM), a supplier of electrical test and measurement technologies, has introduced the EVOLVITY™ 300, a semi-automated engineering wafer probe system that complements the company’s proven CM300 product line. The EVOLVITY 300 simplifies on-wafer probing with its compact, easy-to-use design, developed specifically for RF/DC modeling and device characterization.

    While the CM300 is a modular platform adaptable to a wide range of use cases and customer-specific applications, supporting both manual and automated wafer loading, the EVOLVITY 300 includes the most commonly required features as standard, ensuring ease of use and quick deployment. Building on the trusted legacy of the Cascade S300 and Elite systems, the EVOLVITY 300 provides a flexible, space-efficient platform that integrates into existing setups. Its compact design optimizes lab space and enables easy switching between applications such as advanced RF measurements, DC characterization, and probe cards. Additionally, the system offers automation options that simplify operations and provide greater flexibility for users.

    “We believe on-wafer testing systems should be as straightforward as possible,” said Jens Klattenhoff, VP and GM of the Systems Business Unit at FormFactor. “That is why we designed the EVOLVITY 300 with ease of use in mind – offering simple configuration, quick setup, and long-term support. Its intuitive interface and streamlined processes reduce setup time and complexity, allowing even less experienced users to focus on testing and development instead of tedious setup work.”

    Key Features of the EVOLVITY 300:

    • Mechanical Platen Lift: Enhances safety during complex RF set-ups, increasing operator confidence and minimizing the risk of errors.
    • Ease-of-use and Advanced Automation: Full compatibility with FormFactor’s Autonomous RF and DC measurement assistants as well as Velox Dash companion app control.
    • Reconfigurable Platen Inserts: Quickly switch between TopHat, PCH, and IceShield inserts within minutes to support a wide variety of test configurations.
    • Spacious Platen Design: Provides flexibility for both RF and DC setups without space limitations, ensuring easy integration of different configurations.
    • Compact Design: Small footprint with field-upgradable components for smooth integration into existing test cells.

    For more information about the EVOLVITY 300, visit https://www.formfactor.com/product/probe-systems/300-mm-systems/evolvity-300/.

    About FormFactor

    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws. These statements are based on management’s current expectations and beliefs as of the date of this release and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the impact of this new test system. Forward-looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words and similar expressions and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company’s products; customer-specific demand; market opportunity; anticipated industry trends; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; and other factors, including those set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise.

    FormFactor Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com 

    The MIL Network

  • MIL-OSI: Vicor Corporation to Hold First Quarter Earnings Conference Call and Webcast on April 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 08, 2025 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) announced today it will hold its first quarter 2025 earnings conference call and webcast on Tuesday, April 29, 2025 at 5:00 p.m. (Eastern). Prepared remarks regarding the company’s financial and operational results for the three months ended March 31, 2025 will be followed by a question and answer period with Patrizio Vinciarelli, Chief Executive Officer, Jim Schmidt, Chief Financial Officer, and Phil Davies, Corporate Vice President, Global Sales and Marketing.

    Results for the first quarter will be released over GlobeNewswire at the close of the NASDAQ Market Session on April 29, 2025, and the press release and a summary of the company’s financial statements will be available shortly thereafter on the Investor Relations page of Vicor’s website.

    Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 5:00 p.m. on April 29, 2025.

    For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor’s website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software.

    For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor’s website.

    About Vicor

    Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.

    www.vicorpower.com

    For further information contact:
    Vicor Corporation
    James F. Schmidt
    Chief Financial Officer
    Office: (978) 470-2900
    Email: invrel@vicorpower.com

    The MIL Network

  • MIL-OSI Banking: Fannie Mae Fires Over 100 Employees for Unethical Conduct, Including the Facilitation of Fraud

    Source: Fannie Mae

    WASHINGTON, DC – Today, the U.S. Federal Housing Finance Agency (U.S. Federal Housing FHFA) and Fannie Mae (FNMA/OTCQB) issued the following statement:

    “In President Trump’s housing market, there is no room for fraud, mortgage fraud, or any other deceitful act that can jeopardize the safety and soundness of the housing industry,” said William J. Pulte, Chairman of the Board of Directors of Fannie Mae. “Since my swearing-in, we fired over 100 employees from Fannie Mae who we caught engaging in unethical conduct, including facilitating fraud, against our great company.  Anyone who commits fraud against Fannie Mae does so against the American people.”

    “I would like to thank Director Pulte for his empowering of Fannie Mae to root out unethical conduct, including anyone facilitating fraud. We hold our employees to the highest standards, and we will continue to do so,” said Priscilla Almodovar, President and Chief Executive Officer of Fannie Mae.

    Follow Fannie Mae
    fanniemae.com

    Fannie Mae Newsroom
    https://www.fanniemae.com/news

    Fannie Mae Resource Center
    1-800-2FANNIE

    MIL OSI Global Banks

  • MIL-OSI Europe: Written question – Unequal development of tourist ports in the EU – Greece failing to make the most of European tools – E-001359/2025

    Source: European Parliament

    Question for written answer  E-001359/2025
    to the Commission
    Rule 144
    Sakis Arnaoutoglou (S&D)

    According to recent data, Greece is lagging behind terms of its development of tourist ports, despite its extensive coastal and island network and high potential for maritime tourism. In particular, it is estimated that Greece will only have 49 marinas in operation by 2030, while France and Italy already have 1 403 and 961 respectively. The fact that Greece is trailing behind in this area means that maritime tourism is not being fully harnessed as a source of sustainable development, especially in island and remote regions.

    Although the establishment of tourist ports is a national competence, the European Union has strategic and financial tools (the Cohesion Fund, the ERDF, InvestEU, the Recovery and Resilience Facility) that can boost such investments, in the context of regional cohesion and a sustainable blue economy.

    In view of the above, can the Commission answer the following:

    • 1.How does it assess the unequal distribution of investment in tourism infrastructure – in particular tourist ports – among the Member States?
    • 2.Are there plans for targeted European support programmes for Member States that are lagging behind structurally in terms of maritime tourism, such as Greece?
    • 3.How does the Commission intend to strengthen the EU’s maritime tourism strategy in order to support the transition to a sustainable development model that boosts island and coastal economies?

    Submitted: 2.4.2025

    Last updated: 8 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Draft agenda – Monday, 5 May 2025 – Strasbourg

    Source: European Parliament

    41 Protection of the European Union’s financial interests – combating fraud – annual report 2023
    Gilles Boyer (A10-0049/2025) 
        – Amendments Wednesday, 30 April 2025, 13:00
    40 Control of the financial activities of the European Investment Bank – annual report 2023
    Ondřej Knotek
        – Amendments Wednesday, 30 April 2025, 13:00
    39 The European Water Resilience Strategy
    Thomas Bajada
        – (possibly) Amendments by the rapporteur, 71 MEPs at least; Alternative motions for resolutions Wednesday, 30 April 2025, 13:00
        – (possibly) Joint alternative motions for resolutions Friday, 2 May 2025, 10:00
    21 Banking Union – annual report 2024
    Ralf Seekatz (A10-0044/2025) 
        – Amendments Wednesday, 30 April 2025, 13:00
    Texts put to the vote on Tuesday Friday, 2 May 2025, 12:00
    Texts put to the vote on Wednesday Monday, 5 May 2025, 19:00
    Texts put to the vote on Thursday Tuesday, 6 May 2025, 19:00
    Motions for resolutions concerning debates on cases of breaches of human rights, democracy and the rule of law (Rule 150) Wednesday, 7 May 2025, 19:00

    MIL OSI Europe News

  • MIL-OSI Europe: Cities across Europe plan to bolster climate action and social infrastructure, EIB survey shows

    Source: European Investment Bank

    • Most EU cities plan to invest more to fight global warming and expand public housing, schools and hospitals, new EIB survey shows.
    • Of the EU municipalities surveyed, 56% report planning higher spending on cutting greenhouse gas emissions, and 53% on social infrastructure over next three years.
    • Cities across Europe increasingly want to tap new sources of financing for development, on top of conventional national and EU grants.

    Most cities in Europe plan to spend more on fighting climate change and increasing public housing, schools and hospitals, according to the new European Investment Bank (EIB) Municipalities Survey 2025. The survey shows that 56% of EU municipalities aim to increase investments to cut greenhouse gas emissions, and 53% intend to boost budgets for social infrastructure over the coming three years.

    The EIB published a report on the survey today, to coincide with a conference in Brussels by the European Committee of the Regions to discuss urban investment needs in Europe and support the EU policy agenda for cities.

    The survey sample includes 1 002 EU municipalities whose populations range in size from a few thousand to hundreds of thousands, for a total sample population of around 26 million (about 6% of the population of all 27 Member States). Every Member State is represented, with municipalities surveyed per country ranging from 131 in Germany and 107 in Italy, to five each in Cyprus and Luxembourg. Like the 2022 wave of the survey, the 2025 wave contains no country capitals, but does include some island and non-European territories. Municipalities’ responses were anonymised.

    While national and EU grants remain the main sources of infrastructure funding for municipalities, more than half of them (61%) are interested in exploring other financing options, according to the survey report. This could, for example, include turning grants into guarantees that would then be used to attract higher levels of funding from institutions like banks.

    “In a time of growing challenges, we must ensure that every euro invested delivers maximum impact,” EIB Vice-President Ioannis Tsakiris said. “This means leveraging innovative financing solutions to support municipalities in accelerating climate action and other key priorities. The EIB remains committed to working alongside European cities to develop and implement the tools they need to build a more sustainable and resilient future.”

    The EIB Municipalities Survey 2025 provides a broad and detailed picture of development plans by municipal authorities, which account for about 54% of public investments in the European Union. In the area of climate action, this figure is about 60%.

    In addition to finding that most EU cities plan to invest more in cutting emissions, the latest survey shows that around half also aim for greater spending on measures to adapt to climate change, including protection against threats like floods and fires.

    “Municipalities across Europe are showing strong commitments to the green transition,” said EIB Chief Economist Debora Revoltella. “Turning these commitments into tangible results will require continued political and policy support at all levels.”

    A persistent challenge for many EU cities is the shortage of experts needed to perform environmental assessments and of engineers to carry out projects, according to the 2025 wave of the survey. Up to 30% of municipalities reported a lack of technical expertise in these areas.

    The EIB is helping meet this challenge by providing technical, financial and strategic expertise to cities. EIB engineers and economists appraise every project financed by the Bank. This expertise is also available in the form of advisory support for project promoters, national, regional or local authorities and financial intermediaries.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

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

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

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    European Committee of the Regions

    The European Committee of the Regions is the EU’s assembly of regional and local representatives from all 27 Member States. Created in 1994 following the signing of the Maastricht Treaty, its mission is to involve regional and local authorities in the EU’s decision-making process and to inform them about EU policies. The European Parliament, the Council and the European Commission consult the Committee in policy areas affecting regions and cities. To sit on the European Committee of the Regions, all of its 329 members and 329 alternates must either hold an electoral mandate or be politically accountable to an elected assembly in their home regions and cities.

    MIL OSI Europe News

  • MIL-OSI Europe: Albania: €90 million EU financial package for Durrës – Rrogozhina railway upgrade

    Source: European Investment Bank

    EIB

    • The EU funds, consisting of a €60.5 million grant under the Western Balkans Investment Framework and a €30 million loan from EIB Global, will help to modernise the 34 km railway line.
    • The financial package was signed at a ceremony held in Tirana, attended by high-level representatives from the European Commission, the government of Albania and EIB Global.
    • The project will facilitate safer and more efficient and sustainable passenger and freight transportation, contributing to socioeconomic growth and regional integration.

    During High Representative for Foreign Affairs and Security Policy and European Commission Vice-President Kaja Kallas’ official visit to Albania, an EU financial package worth €90.5 million for the reconstruction of the Durrës – Rrogozhina railway section was signed by the European Investment Bank (EIB Global) and the government of Albania. The funds consist of a €60.5 million EU grant channelled under the Western Balkans Investment Framework (WBIF) and a €30 million EIB Global loan. The agreement was signed by EIB Global Director of the Enlargement and Neighbourhood Department Lionel Rapaille and Minister of Infrastructure and Energy of Albania Belinda Balluku, in the presence of Vice-President Kallas and Prime Minister of Albania Edi Rama.

    The funds will make it possible to modernise a 34 km railway line between the port of Durrës and Rrogozhina in central Albania, which lies on the multi-modal Pan-European Corridor VIII connecting the southern Italian ports, Albania, North Macedonia and Bulgaria. This project is of strategic importance, extending the Trans-European Transport Network (TEN-T), and also as part of the European Union’s Economic and Investment Plan for the Western Balkans. The project is expected to cost a total of €121 million and €30 million in co-financing will be provided by the European Bank for Reconstruction and Development (EBRD).

    High Representative for Foreign Affairs and Security Policy and European Commission Vice-President Kaja Kallas said: “The signature of the European Investment Bank loan for the construction of the Durrës – Rrogozhina railway track as part of Corridor VIII, co-funded by the EU, is an important milestone. This project will create new jobs, enhance trade and improve connectivity by bringing Albania closer to its neighbours and close to the European Union. It will also serve as a critical route between Member States and NATO for military mobility in Southeast Europe which is extremely important in the current security environments.”

    EIB Vice-President Rober de Groot, in charge of the Western Balkans, said: “We are delighted to be part of this significant Team Europe effort, which underscores our shared commitment to developing safer, smarter and greener transportation links in the Western Balkans. As a key segment of Corridor VIII, this project will enhance Albania’s socioeconomic development by improving accessibility and facilitating trade and economic connections within the region and with the European Union. Going forward, EIB Global will continue to provide technical and financial assistance to support Albania’s EU accession process, as well as through the New Growth Plan.”

    Albanian Prime Minister Edi Rama said: “The signing that took place is part of a massive investment program in railway infrastructure. This is why the five-year period that separates us from the end of this decade will also be a period where railways return to Albania. This is one of many reasons not only to believe but also to fight for our membership in the EU. Thanks to this relationship, we are able today to carry out a series of investments that would otherwise be impossible for us.”

    As one of the leading financiers in the transportation sector in the Western Balkans, EIB Global is backing several rail projects in Albania. This includes a loan for the Vorë to Hani-Hotit railway line and technical support provided under the EIB’s Economic Resilience Initiative for the second phase of the Pan-European Corridor VIII railway. The JASPERS advisory programme has also supported the development of an action plan to strengthen the management capacity of Albania’s railway infrastructure.

    Background information:

    About the EIB and EIB Global:

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. It finances investments that pursue EU policy objectives.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world.

    About EIB Global in the Western Balkans:

    The EIB is a leading international financier in the Western Balkans. Since 2009, the Bank has financed projects worth almost €11 billion in the region. Alongside its continued support to help rebuild and upgrade public infrastructure, since 2010 the EIB has expanded into many new areas, such as healthcare, research and development, education and small and medium-sized enterprises (SMEs). For detailed information on EIB activities in the Western Balkans, please visit: www.eib.org/en/publications/the-eib-in-the-western-balkans

    About EIB Global in Albania:

    EIB Global has been active in Albania since 1995. To date, 27 projects have been financed and over €700 million has been invested, predominantly in key transport, energy, water and wastewater infrastructure. For more information about EIB projects in Albania, please visit: https://www.eib.org/en/projects/regions/enlargement/the-western-balkans/albania/index.htm

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – New screening rules for foreign investment in the EU

    Source: European Parliament

    On Tuesday, the International Trade Committee adopted revised rules for screening foreign investments in the EU.

    Under the new rules, more sectors, such as media services, critical raw materials and transport infrastructure, will be subject to mandatory screening by Member States, in order to identify and address foreign investment-related security or public order risks. The procedures applicable to national screening mechanisms will also be harmonised and the Commission will have the power to intervene on its own initiative or where there are disagreements between Member States about potential security or public order risks emanating from a specific foreign investment.

    If the screening authority finds that the planned foreign investment project is likely to have a negative effect on security or public order, it will either have to authorise the project subject to mitigating measures, or prohibit it.

    The proposal was adopted by 31 votes in favour, 9 against and with 3 abstentions.

    Background

    The current foreign direct investment screening framework entered into force on 11 October 2020. It responded to growing concerns about certain foreign investors seeking to acquire control of EU firms that supply critical technologies, infrastructure or inputs, or hold sensitive information, and whose activities are critical for security or public order at EU level. The rules are designed to help identify and address security or public order risks relating to foreign direct investment involving at least two Member States or the EU as a whole. In January 2024, the Commission submitted a new proposal on the screening of foreign investment projects in the EU.

    Quote by the rapporteur

    Parliament’s rapporteur Raphaël Glucksmann (S&D, FR) said: “I am pleased that a strong pro-European majority has adopted an ambitious reform of the EU’s foreign investment screening mechanism. This reform will establish a more predictable system that ensures foreign investments do not compromise our security. Investors will benefit from greater clarity on procedures, while a harmonised scope and a reinforced role for the Commission will help ensure consistency across the Union.”


    Next steps

    After adoption in the International Trade Committee, Parliament as a whole will vote on the proposal in an upcoming plenary session, after which negotiations with member states on the final shape of the law can begin.

    MIL OSI Europe News

  • MIL-OSI Europe: EIB Group opens office in Estonia to bolster strategic investments

    Source: European Investment Bank

    • EIB Group inaugurates an office in Estonia to support strategic investments and sustainable growth.
    • New presence in Tallinn to deepen cooperation with partners in public and private sectors.
    • Move comes day after EIB Group representation opened in Latvia, highlighting reinforced focus on Baltics.

    The European Investment Bank (EIB) Group opened an office in Estonia today to drive strategic investments and sustainable growth in the country. The new office, located in the capital Tallinn, will focus on priority projects in areas including climate action, digitalisation, security and defence.

    The EIB Group, which also includes the European Investment Fund (EIF), will use its presence in Tallinn to deepen cooperation with Estonian partners in the public and private sectors including small and medium-sized enterprises (SMEs).

    “The opening of our office in Tallinn is a landmark moment,” said EIB Vice-President Thomas Östros. “This new presence will not only connect with Estonian businesses but also support the local financial markets in their needs. Our aim is to foster innovation, drive sustainable development, and support Estonia’s economy across multiple sectors.”

    „I welcome the EIB to Estonia,“ said Estonian Finance Minister Jürgen Ligi. „The EIB Group is well-known for many big clients in Estonia, including the government itself – but the local presence will increase the awareness among larger group of stakeholders including the core of our economy the SMEs – who benefit from the EIB via the intermediaries. I particularly welcome the EIB´s increased support to European security and defence.“

     The EIB Group has invested €5.6 billion in Estonia since the start of operations in the country in 1993 – with more than €4 billion from the EIB and over €1 billion from the EIFLast year, EIB Group financing in Estonia totalled €498 million and is expected to support total investments of €2.2 billion – representing 5.6% of Estonian gross domestic product (GDP), the highest in Europe. 

    Recent EIB operations include loans of €700 million to the Estonian government for European Union grants co-financing, €31 million to renewable-energy company Sunly for solar-power expansion and €18 million to green-technology startup UP Catalyst for converting carbon-dioxide emissions into carbon-neutral graphite and nanotubes. For its part, the EIF recently  moved to support  Estonian businesses through financing deals with banks and other financial institutions including LHV Pank, SEB Pank, Swedbank and Hüpoteeklaen. 

    The Tallinn Office, located in the Rotermanni quarter, is headed by Götz von Thadden, a German national with over 20 years of experience within the EIB Group. “The new office reflects our excellent relationship with our valued shareholder. We have a long and successful history with public and private project promoters in Estonia, and I look forward to collaborating with local partners to support the country’s sustainable growth.”

    Future priorities for the EIB Group in Estonia include supporting renewable energy projects such as solar, wind, and energy storage; improving infrastructure and fostering business innovation and startups.

    The EIB Group has recently approved additional measures to support security and defence in Europe. This will allow to finance projects dedicated to military uses, such as barracks, storage facilities, drones, helicopters, radars, satellites, advanced avionics, propulsion, and optics, while maintaining strong financing capacity.

    The bank has a pipeline of 14 defence projects expected for approval across Europe, including those in drones, space, cybersecurity, and quantum technologies, as well as facilities enhancing Europe’s defense capabilities. 

    The EIB Group’s Office in Tallinn reflects a reinforced commitment to the Baltics as a whole, where until this week the organisation had a hub covering all three Baltic States in the Lithuanian capital Vilnius. Yesterday, the EIB Group opened its first office in the Latvian capital Riga.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

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

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

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News

  • MIL-OSI USA: Wyden, Welch, Grassley, Rounds Introduce Legislation to Stop Monopoly of Meat-Packing Industry, Promote Opportunity for Local Ranchers

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    April 08, 2025

    Only four companies control 85% of the entire market in the beef industry

    Washington, D.C. U.S. Senators Ron Wyden, D-Ore., Peter Welch, D-Vt. , Mike Rounds, R-S.D., and Chuck Grassley, R-Iowa, today introduced bipartisan legislation to lower skyrocketing grocery bills – particularly for meat and eggs – by cracking down on America’s Big Four meatpackers that are undercutting local ranchers.

    Wyden, Welch, Rounds, and Grassley’s legislation would specifically strengthen the enforcement of existing price-fixing laws to ensure America’s Big Four meatpackers comply, which would allow more opportunities for ranchers and drive down meat prices for shoppers.

    “For too long, Oregon ranchers and consumers have been greedily exploited by the Big Four meatpackers that sneak their way around regulations,” Wyden said. “While local ranchers work tirelessly day and night to support their small business and feed families across the country, these big companies keep raking in bigger bills at the expense of local communities in red and blue states alike. It’s way past time to level the playing field for local ranchers and bring grocery prices down for consumers at the meat counter by better enforcing laws that are already on the books.”

    “Vermonters rely on fresh foods from local farmers and ranchers to feed their families,” Welch said. “But with meat and dairy prices at the grocery store soaring sky high, small producers across the country are struggling to make ends meet and support their businesses. The rapid consolidation of the meatpacking industry further cripples fair competition. Our bipartisan bill will bring down costs for consumers and create opportunities for producers in red and blue states alike.”

    “For decades, America’s Big Four meatpackers’ anticompetitive practices have made it harder for Iowa cattle producers to receive a fair price,” Grassley said. “Our bill empowers USDA, in coordination with the Justice Department and Federal Trade Commission, to crack down on bad actors, ensuring a fair and functional marketplace that supports everyone who produces and enjoys quality American meat.”

    “Anticompetitive practices in the meatpacking industry hurt producers and consumers alike,” Rounds said. “Currently, four large companies, two of which are foreign-owned, control over 80% of the meat processing market. Our legislation would establish an office within the USDA to investigate violations of the Packers and Stockyards Act of 1921, which will support competition in meat and poultry markets.”

    Today, just four companies control 85% of the beef market and 67% of the pork market, which is up from 36% and 34% in 1980. The Big Four meatpackers are profiteering middlemen that have created a system allowing them to accumulate billions of dollars on the backs of ranchers struggling to make ends meet and shoppers suffering expensive meat and egg prices.

    The Meat and Poultry Special Investigator Act would create and empower a team of investigators at the United States Department of Agriculture to prevent anticompetitive practices in the meat and poultry industry by enforcing existing antitrust laws, in coordination with the Department of Justice and the Federal Trade Commission.

    Cosponsors in the Senate include Senators Adam Schiff, D-Calif., Cindy Hyde-Smith, R-Miss., Martin Heinrich, D-N.M., Richard Blumenthal, D-Conn., John Hoeven, R-N.D., and Cory Booker, D-N.J.

    “Every week, California families sit at their kitchen tables and worry about how they will afford to put food on their kid’s plate,” Schiff said. “At a time when rising grocery prices are making those worries even worse, we need to ensure that large companies aren’t driving up costs through anti-competitive practices. I am proud to join my colleagues from around the country and on both sides of the aisle to hold price gougers accountable and ensure fair competition in our markets for farmers and consumers alike.”

    “The struggle to get by only gets worse for cattle producers year after year, and a lot of that is tied to consolidation in the meat packing industry.  It is certainly not the producers making a profit from the high prices consumers are paying, which indicates something has gone wrong,” Hyde-Smith said.  “This legislation is sorely needed to investigate and pursue any anti-competitive activities that are hurting producers and consumers alike.”

    “Small ranchers are struggling to compete with major meat and poultry corporations, meanwhile these giants rake in record profits and dominate the industry through anticompetitive means,” Blumenthal said. “Local ranchers and consumers alike deserve a fair and free market and strong enforcement against illegal practices like price fixing. That’s why I’m proud to support the Meat and Poultry Special Investigator Act which would crack down on these megacorporations and lower grocery store bills for Connecticut families.”

    The Meat and Poultry Special Investigator Act is endorsed by the National Farmers Union and the U.S. Cattlemen’s Association.

    “If the bad actors in the marketplace have nothing to hide, then they should have no problem with reinforcing USDA’s oversight authority through the measures provided in this bill. It’s not enough that producers stand on a level playing field in the marketplace – there also needs to be a referee, with a whistle, there to throw a flag when there’s a penalty. USCA fully supports the Meat Packing Special Investigator Act and would like to applaud our Champions for ‘Competition’ in the Senate who never waiver on supporting producers not just in Oregon, South Dakota, and Iowa – but across the countryside,” said Justin Tupper, President of the United States Cattlemen’s Association.

    “A special investigator at USDA is an important step to cracking down on unfair practices and leveling the playing field for independent livestock producers. Senators Wyden, Rounds, and Grassley get it—strong enforcement keeps monopolies in check. When family farmers and ranchers thrive, so do our rural communities,” said Rob Larew, President of the National Farmers Union.

    The text of the bill is here.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: IEPFA and IPPB Sign MoA to Launch Phase 2 of “Niveshak Didi” to Boost Rural Women’s Financial Literacy

    Source: Government of India

    IEPFA and IPPB Sign MoA to Launch Phase 2 of “Niveshak Didi” to Boost Rural Women’s Financial Literacy

    “Niveshak Didi” trains women postal workers and community leaders to act as financial educators within their local regions

    The initiative Empowers Women, Promotes Financial Literacy and reaches 55,000 beneficiaries in Rural India

    Posted On: 08 APR 2025 8:07PM by PIB Delhi

    New Delhi, April 8, 2025 — In a landmark step toward financial inclusion and rural empowerment, the Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, and India Post Payments Bank (IPPB), operating under the Department of Posts, have signed a Memorandum of Agreement (MoA) to jointly launch Phase 2 of the “Niveshak Didi” initiative. This strategic collaboration aims to scale financial literacy among women in rural, semi-urban, and underserved areas through grassroots mobilization and community-driven education.

     

    “Niveshak Didi” is a unique initiative that trains women postal workers and community leaders to act as financial educators within their local regions. During Phase 1, more than 55,000 beneficiaries participated in IPPB Financial Literacy Camps across India, with approx. 60% female beneficiaries mostly in the youth & economically active age group. Every 2 out of 3 such beneficiaries belonged to deep rural locations ensuring maximum penetration at the grassroots levels.

    Building on the success of Phase 1, this new phase will see the deployment of over 4,000 financial literacy camps across India. These camps will be led by almost 40,000 women postal workers trained as Niveshak Didis, who will conduct sessions on responsible investing, fraud awareness, savings habits, and digital banking tools.

     

    Lt Col Aditya Sinha (Retd.), General Manager, IEPFA, highlighted the mission behind the initiative, “Niveshak Didi goes beyond being a campaign — it drives a grassroots movement that delivers financial knowledge directly to the last mile. We aim to empower rural women with the skills and confidence to make informed financial decisions. By partnering with IPPB, we ensure that awareness turns into action and that financial education becomes a catalyst for real community transformation. We believe that when women gain financial literacy, entire families and communities benefit.”

    Mr. Gursharan Rai Bansal, Chief General Manager & CSMO, IPPB, added with conviction, “We see women as natural community influencers. When we provide them with the right knowledge and tools, they don’t just manage their own finances better — they lead change in their communities. Through this partnership with IEPFA, we are deepening our mission to bring inclusive, accessible banking to every doorstep. Niveshak Didi enables us to build trust, inspire & share financial discipline, and create a lasting impact at the grassroots level.”

    About Investor Education And Protection Fund Authority

    The Investor Education and Protection Fund Authority (IEPFA) is a statutory body functioning under the Ministry of Corporate Affairs, Government of India. It was established with a key objective to ensure that investors across the country are both informed and protected. In today’s dynamic financial landscape, where products and services are constantly evolving, the role of IEPFA becomes even more significant.

    IEPFA plays a crucial role in promoting financial literacy, making it easier for individuals to understand the importance of managing personal finances. From budgeting and saving to making informed investment decisions, IEPFA empowers citizens with the knowledge needed to make sound financial choices.

    One of its primary missions is to educate people about their rights and responsibilities as investors. This becomes particularly important for individuals living in rural and underserved areas, who may have limited access to reliable financial education or resources. By reaching out to these communities, IEPFA ensures that no one is left behind in the journey toward financial empowerment.

    IEPFA’s vision is to build a financially aware and confident India, where every individual, regardless of background, has the tools and knowledge to secure their financial future.

    About India Post Payments Bank

    India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India. IPPB was launched on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network comprising ~1,65,000 Post Offices (~140,000 in rural areas) and ~3,00,000 Postal employees.

    IPPB’s reach and its operating model is built on the key pillars of India Stack – enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers’ doorstep, through a CBS-integrated smartphone and biometric device. Leveraging frugal innovation and with a high focus on ease of banking for the masses, IPPB delivers simple and affordable banking solutions through intuitive interfaces available in 13 languages to 11 Crore customers across 5.57 lakh villages & towns in India.

    IPPB is committed to provide a fillip to a less cash economy and contribute to the vision of Digital India. India will prosper when every citizen will have equal opportunity to become financially secure and empowered. Our motto stands true – Every customer is important, every transaction is significant and every deposit is valuable.

     

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  • MIL-OSI Asia-Pac: CCI approves proposed acquisition of shares of Shriram Asset Management Company Limited by Sanlam Emerging Market (Mauritius) Limited and Shriram Credit Company Limited

    Source: Government of India

    Posted On: 08 APR 2025 8:05PM by PIB Delhi

    The Competition Commission of India has approved the proposed acquisition of shares of Shriram Asset Management Company Limited by Sanlam Emerging Market (Mauritius) Limited and Shriram Credit Company Limited.

    The proposed combination relates to subscription of equity shares of Shriram Asset Management Company Limited (SAMC) constituting 23% of the expanded voting share capital of SAMC by Sanlam Emerging Market (Mauritius) Limited (SEMM) by way of preferential allotment and further acquisition of up to 26% shareholding of SAMC from the public, as required under Section 3 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulation, 2011, by way of an open offer to be made by SEMM along with Shriram Credit Company Limited (SCCL).

    SEMM, incorporated in Mauritius, belongs to Sanlam Group, South Africa. SEMM is the existing strategic partner of Shriram Group. It holds 40.70% stake in Shriram Capital Private Limited, which is the ultimate holding company of SAMC.

    SCCL, also a part of Shriram Group, is the subsidiary of Shriram Investment Holdings Private Limited and is presently the promoter and sponsor of SAMC.

    SAMC is also a part of Shriram Group and is engaged in the asset management business and registered with Securities and Exchange Board of India (SEBI). SAMC has also obtained license for portfolio management services (PMS) from SEBI, though SAMC has not started PMS business as on date. 

    Detailed order of the Commission will follow.

     

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  • MIL-OSI Asia-Pac: CCI approves the proposed acquisition of shareholding in Vastu Housing Finance Corporation Limited, APAC Financial Services Limited, and Quantiphi, Inc by Multiples Plenty Private Equity GIFT Fund

    Source: Government of India

    Posted On: 08 APR 2025 8:02PM by PIB Delhi

    The Competition Commission of India has approved the proposed acquisition of shareholding in Vastu Housing Finance Corporation Limited, APAC Financial Services Limited, and Quantiphi, Inc by Multiples Plenty Private Equity GIFT Fund.

    The proposed combination envisages the acquisition by Multiples Plenty Private Equity GIFT Fund (Multiples GIFT Fund/Acquirer) of certain shareholding in: (i) Vastu Housing Finance Corporation Limited (Vastu) currently held by Plenty Private Equity Fund I Limited (Plenty), Multiples Private Equity Fund II LLP (Multiples Fund II), and Plenty CI Fund I Limited (Plenty CI); (ii) APAC Financial Services Limited (APAC) currently held by Plenty and Multiples Fund II; and (iii) Quantiphi, Inc (Quantiphi) currently held by Plenty and Multiples Fund II.

    Multiples GIFT Fund is a newly incorporated trust, formed under the Indian Trusts Act, 1882 and registered with International Financial Services Centres Authority as a Restricted Scheme. It is managed by Multiples Asset Management IFSC LLP, a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008. Plenty, Multiples Fund II, and Plenty CI, and the Acquirer are all funds belonging to the Multiples Group.

    Vastu is a housing finance company, and is engaged in the provisions of retail loans, namely, home loans and loans to small and medium enterprises (MSME). Vastu is also present in the segments of provision of auto loans and loans against property through its wholly owned subsidiary, Vastu Finserve India Private Limited.

    APAC is a Nonbanking Financial Company – Middle Layer registered with the Reserve Bank of India since February 2018. APAC is engaged in the provision of retail loans to MSMEs.

    Quantiphi is incorporated in the United States, and is engaged in, inter alia, the provision of various artificial intelligence and machine learning solutions, and data analytics. Quantiphi is present in India through its subsidiary, Quantiphi Analytics Solutions Private Limited.

    Detailed order of the Commission will follow.

     

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