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Category: Finance

  • MIL-OSI: Virtune AB (Publ) successfully renews its EU Base Prospectus for crypto ETP issuance under EU regulations and publishes 2025 Base Prospectus

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, Sweden, April 4, 2025 – Virtune, a regulated Swedish issuer of crypto Exchange Traded Products (ETPs), is proud to announce that it has renewed its EU Base Prospectus on April 4, 2025.

    Virtune is a regulated Swedish digital asset manager and issuer of crypto exchange traded products headquartered in Stockholm. Virtune’s vision is to become the leading crypto asset manager in the Nordics by taking on an educational role around crypto assets as an asset class, while maintaining a strong focus on transparency and investor protection. Virtune’s ETPs are currently listed on Nasdaq Stockholm, Nasdaq Helsinki, Euronext Amsterdam, Euronext Paris, and Boerse Stuttgart. Through Virtune’s products, both institutional and retail investors can gain exposure to crypto assets as easily as buying a stock.

    Virtune has now earned the trust of approximately 140,000 investors across the Nordic region, with assets under management (AUM) reaching approximately SEK 2.6 billion. As of April 4, Virtune’s product suite includes the following ETPs:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana ETP
    Virtune Staked Polkadot ETP
    Virtune Litecoin ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Polygon ETP
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP
    Virtune Crypto Top 10 Index ETP SEK/EUR

    Over the past 12 months, Virtune has also expanded into the Finnish, French, and Dutch markets, with the most recent milestone being the listing of eight ETPs on Nasdaq Helsinki. As the crypto landscape continues to evolve, Virtune adapts by offering a diversified product suite including exposure to a wide range of crypto assets, staking options within decentralized finance, and rule-based investment strategies through index ETPs.

    Virtune has now received approval from the Swedish Financial Supervisory Authority (SFSA – Fi.se) and updated the publication of its 2025 EU Base Prospectus. This enables Virtune to continue its journey of innovation, educating the market and offering seamless access to crypto through 100% physically backed exchange traded products, while further expanding its distribution to institutional investors, financial advisors, and retail clients.

    Christopher Kock, CEO of Virtune:
     “We are very pleased to have finalized the renewal of our EU Base Prospectus, which enables us to continue our growth and expansion journey across Europe. Reaching approximately 140,000 investors and SEK 2.6 billion in assets under management in less than two years is not only a testament to our team’s hard work, but also to the trust that investors place in Virtune and their belief in crypto’s potential as an asset class. It also demonstrates the accelerating adoption of crypto assets across Europe.”

    The updated Base Prospectus is available on Virtune’s website, which highlights the company’s regulatory status by the Swedish FSA, underscoring its mission to offer a regulated investment framework for crypto markets. It is important to note that FSA’s approval does not imply an endorsement of the securities. Investors are advised to consult the Base Prospectus and relevant Final Terms to fully understand the risks before investing.

    For more information on Virtune and its innovative offerings, please visit www.virtune.com.

    Stockholm, April 4, 2025

    Press contact

     Christopher Kock, CEO & Board Member
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):
    Virtune, with its headquarters in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange traded products listed on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders, and a highly skilled team, Virtune empowers global investors to access innovative and sophisticated investment products aligned with the evolving landscape of the global crypto market.

    Crypto investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. The value of securities can rise or fall, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, and terms at www.virtune.com.

    The MIL Network –

  • MIL-OSI: Cash Flows

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen A/S                                4 April 2025
                                            Announcement no. 31/2025

    Cash Flows

    Pursuant to S. 24 of the Capital Markets Act, we hereby publish cash flow data on bonds issued by Jyske Realkredit. Please find the data in the attached file.

    The information will also be available on Jyske Realkredit’s web site at jyskerealkredit.com.

    For further information about format of data and content of the file we refer to the web site of Nasdaq at www.nasdaqomxnordic.com.

    Questions may be addressed to Christian Bech-Ravn, Head of Investor Relations, tel. (+45) 89 89 92 25.

    Yours sincerely

    Jyske Realkredit

    Please observe that the Danish version of this announcement prevails

    www.jyskerealkredit.com

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: Grand Opening of Dharti Aaba TribePreneurs 2025: A New Era for Tribal Startups Begins

    Source: Government of India

    Grand Opening of Dharti Aaba TribePreneurs 2025: A New Era for Tribal Startups Begins

    45+ Tribal Startups Shine at Startup Mahakumbh 2025

    IIT Delhi Boot Camp Empowers Tribal Youth with Design Thinking

    META Hosts Tech Know-How Session for Emerging Tribal Entrepreneurs

    Posted On: 03 APR 2025 11:20PM by PIB Delhi

     

    The Ministry of Tribal Affairs (MoTA) today inaugurated Dharti Aaba TribePreneurs 2025 under Janjatiya Gaurav Varsh at Bharat Mandapam, New Delhi, as a key highlight of Startup Mahakumbh 2025.

    Hon’ble Minister of State for Tribal Affairs, Shri Durga Das Uikey, inaugurated the program in the presence of Shri Vibhu Nayar, Secretary, MoTA, alongside industry leaders, investors, entrepreneurs, and government officials. With over 5000 attendees, the event marked a significant milestone in fostering tribal entrepreneurship, innovation, and self-reliance.

      

    Honoring the Legacy of Bhagwan Birsa Munda

    The Government of India is celebrating the 150th birth anniversary of Bhagwan Birsa Munda under Janjatiya Gaurav Varsh, reinforcing his ideals of self-sufficiency and economic independence. Dharti Aaba TribePreneurs 2025 embodies his vision by creating sustainable opportunities for Scheduled Tribe (ST) entrepreneurs and startups.

     

     

    A Major Push for Tribal Startups

    In alignment with Hon’ble Prime Minister Shri Narendra Modi’s vision of Atma Nirbhar Bharat, the Ministry of Tribal Affairs is strengthening the tribal startup ecosystem as part of its 100-day action plan.

    Key initiatives include:
    ✅ Collaboration with IIM Calcutta, IIT Delhi, IFCI Venture Capital Funds Limited, and industry associations to nurture tribal startups.
    ✅ Launch of a ₹50 crore Venture Capital Fund for Scheduled Tribes (STs) to provide financial support for tribal-led businesses.
    ✅ 45+ tribal startups , some incubated at  IIM Calcutta, IIM Kashipur, and IIT Bhilai showcased at Startup Mahakumbh, with several already securing funding.

     

     

    Key Highlights from Startup Mahakumbh 2025

    💡 Tribal Startup Showcase: ST entrepreneurs exhibited innovative products and solutions.
    💼 Investor Engagements: Startups connected with venture capitalists, angel investors, and industry experts.
    📊 Technical Sessions: Organized by META, focusing on business scalability, digital transformation, and market expansion.
    🤝 Exclusive Networking: Featuring unicorn founders, startup leaders, and investors to facilitate mentorship and funding.

    Boot Camp at IIT Delhi: Cultivating the Next Generation of Tribal Innovators

    To empower young tribal minds, MoTA has initiated a special boot camp at IIT Delhi, offering hands-on learning and mentorship for:
    🎓 100 students from Eklavya Model Residential Schools (EMRS) to gain startup exposure.
    🏆 150 tribal students under scholarship programs to experience India’s thriving startup ecosystem.
    🔬 50 ST students from Unnat Bharat Abhiyan to engage in interactive sessions with investors and entrepreneurs.

    Government’s Commitment to Tribal Entrepreneurship

    Hon’ble Minister of State for Tribal Affairs, Shri Durga Das Uikey, emphasized:“Under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, ST-led entrepreneurs are excelling in various sectors. The day is not far when ST startups will achieve unicorn status.”

    Shri Vibhu Nayar, Secretary, MoTA, reaffirmed the Ministry’s support:“We are committed to scaling tribal startups to the next level by facilitating access to venture capital, angel investors, and new markets. From deep tech to organic products and handlooms, ST entrepreneurs are shaping India’s future.”

    A Historic Step Towards Inclusive Growth

    Through Dharti Aaba TribePreneurs 2025, the Government of India is transforming tribal entrepreneurship, paving the way for self-reliant, sustainable, and innovative enterprises. With support from key stakeholders, the initiative is set to redefine the tribal startup landscape and contribute to a more inclusive and resilient economy.

    ******

    RN

    (Release ID: 2118580) Visitor Counter : 35

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MALAEULU AYSHA PERLINA RIMONI GETS THE U.T.O.S TOP JOB.

    Source:

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    (GOVT. PRESS SECRETARIAT) Cabinet has approved the appointment of Malaeulu Aysha Perlina Rimoni as the new Chief Executive Officer for the Unit Trust of Samoa for the next three years.

    She takes over the reins from former CEO Tevaga Viane Tagiilima who did not reapply for the position.

    Malaeulu has served the trust in the position of Chief Investment Analyst (ACEO level position), a 3-year term contract with UTOS for two full-terms and was six months into her third term when she was appointed to CEO.

    She was reappointed to her third year term as ACEO Chief Investment in September 2024.

    She holds a Bachelor of Commerce (with Honours) in Information Science and a Bachelor of Commerce in Finance and Information Science both from Otago University.

    There were four applicants for the position.

    END.

    TOFIA MALAEULU AYSHA PERLINA RIMONI MA OFISA SILI O PULEGA O FA’APUTUGĀTUPE TEU FA’AFAIGALUEGA O MAVAEGA TAUSI A SAMOA [U.T.O.S.]

    [SO’O’UPU A LE MĀLŌ]: Ua fa’amaonia aloā’ia e le Kapeneta le tofia ai o le afioga iā Malaeulu Aysha Perlina Rimoni e avea ma Ofisa Sili o Pulega o Fa’aputugātupe Teu Fa’afaigaluega o Mavaega Tausi a Samoa [U.T.O.S.] mo le 3 tausaga.

    O lea avanoa sa se’ei ai le tofā iā Tevaga Viane Tagiilima ma e le’i toe talosaga.

    O Malaeulu, ua loa lana tautua i le U.T.O.S. ma ua lava fo’i lona silafia i le fa’atinoga ma le fa’afoeina o galuega fa’ata’ita’i mo lea auaunaga.

    E lua ana nofoā’iga ta’itolu tausaga sa avea ai ma Ofisa Sili Lagolago [Chief Investment Analyst] mo le U.T.O.S. ma o Setema o le tausaga ua mavae, na toe tofia ai fo’i i lea lava tofiga mo le isi tolu tausaga.

    O lo’o ia umia Fa’ailoga Tauāloa o le Bachelor of Commerce [with Honors] in Information Science i le 2014 fa’atasi ai ma le Bachelor of Commerce in Finance and Information Science mai le Iunivesite o Otago, Dunedin i Niu Sila lava i le 2013 fa’atasi ai ma nisi o Tusipasi Tauāloa.

    E to’afā i latou na tusi talosaga i lea avanoa.

    MAEA.

    Ata Pueina – Malo o Samoa (Leaosa Faaifo Faaifo)

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SAMOA BUREAU OF STATISTICS IS GETTING READY FOR THE NEXT SAMOA DEMOGRAPHIC AND HEALTH SURVEY-MULTIPLE INDICATOR CLUSTER SURVEY (SDHS-MICS) 2025 SINCE LAST SURVEY IN 2019

    Source:

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    [PRESS RELEASE – 24th March 2025] – The Samoa Bureau of Statistics through its Census, Survey and Demography Division will be hosting an official opening of the Samoa DHS-MICS 2025 main training for enumerators on Monday 24th March, 2025 at the DBS Conference room level 6 at 9:00am.

    The main aim of the training is to assist and equip the enumerators with the necessary skills and knowledge required for the DHS-MICS 2025 data collection activity.

    The training will be officially opened by the Government Statistician (GS) followed by official remarks from the respected partners namely Australian High Commissioner in Samoa, UNICEF Chief Fieldwork Officer in Samoa and UNPFA Assistant Representative in Samoa. Other invited guests are Senior Government Officials and members of the DHS-MICS Steering Committee from the Nuanua O le Alofa (NOLA), Ministry of Health, Ministry of Education and Culture, Ministry of Women, Community and Social Development and Ministry of Finance.

    The Samoa DHS-MICS 2025 will collect information in the areas of population, health and nutrition targeting women and men of 15-49 years of age and children. The overall objective of the DHS-MICS 2025 is to provide data and information that will enhance the monitoring of most of the indicators under the Social Sectors of the economy namely Health, Education, Community, Law and Justice, as well as Water and Sanitation and Environment Sectors. The updated data will guide in the prioritization of most of the social sector programs and activities to be implemented in the next 5 years

    Throughout the duration of the training, resource persons from key sectors will be invited to clarify some of the concepts in the questionnaires to better inform the enumerators before they start the data collection activity.

    The training has been made possible by the support of our development partners namely UNICEF, UNFPA and the Tautua program under the Government of Australia DFAT. The Main fieldwork is scheduled to be started from May 5th -July 5th 2025 and we kindly request the public and communities support when the survey fieldwork starts.

    For more information, please contact Kaisarina Moananu at email kaisarina.moananu@sbs.gov.ws or Victoria Tuivaiti at email victoria.tuivaiti@sbs.gov.ws or phone number 23033.

    Thank you

    SOURCE – Samoa Bureau of Statistics

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    MIL OSI Asia Pacific News –

  • MIL-OSI Video: Minister of Police provides an update in the Investigation regarding the sexual assault of a Minor

    Source: Republic of South Africa (video statements-2)

    Minister of Police provides an update in the Investigation regarding the sexual assault of a Minor

    https://www.youtube.com/watch?v=XMPsOjOvChE

    MIL OSI Video –

  • MIL-OSI Europe: 2025 One World Media awards: longlist unveiled

    Source: European Investment Bank

    Each year, the One World Media Awards celebrates the finest journalism and documentary filmmaking from across the Global South. For the 2025 Awards, 559 entries were received from over 100 countries.

    The judges have spent countless hours reviewing powerful and thought-provoking stories — ones that challenge stereotypes, reshape narratives, and build connections across borders. They showcase stories of people across the globe, from Afghanistan and Argentina to China, Fiji, India, Gaza, Myanmar, Nigeria, Sweden, Yemen — and so many more.

    With such a high calibre of work, narrowing down the selection in each category was tougher than ever.

    Discover the Longlist for the 13 categories, including the Women’s Solutions Reporting award, supported by the European Investment Bank:

    This award celebrates excellence in media coverage of stories featuring solutions by and for girls and women that tackle current challenges.

    The final three nominees will be announced on 7 May and the winners will be presented at the Awards Ceremony in June 2025.

    Stay tuned for more news!

    One World Media Awards

    MIL OSI Europe News –

  • MIL-OSI Europe: Spain: EIB and Aragón regional government sign €234 million loan financing projects to back the green and digital transition, small businesses, innovation, jobs and rural development

    Source: European Investment Bank

    • The Aragón regional government will use this loan to co-finance investments under European regional development funds.
    • The investments will go to various projects to offer more public services, promote the dual green and digital transition, innovation, business competitiveness, employability and economic development in rural areas affected by depopulation.
    • The loan will make it possible to finance specific projects for the province of Teruel with a focus on the energy transition and environmental sustainability, entrepreneurship, social infrastructure and more.
    • The agreement will make a significant contribution to climate action and economic, social and territorial cohesion, two of the EIB Group’s strategic priorities.

    The European Investment Bank (EIB) has signed a €234 million loan with the government of the Spanish region of Aragón to co-finance investments promoting the dual green and digital transition, boosting the competitiveness of local industry, helping to provide better public services and supporting economic development in rural areas at risk of depopulation. This is the first tranche of a loan totalling €260 million approved by the EIB.

    The loan will co-finance diverse projects including transferring knowledge in advanced technologies to businesses in Aragón; the One Health Teruel health biotechnology project; the reuse of local waste and decontamination of land affected by lindane use; improved energy efficiency in public healthcare and educational buildings in Aragón; and local social employment and active inclusion initiatives.

    The finance contract falls under the EU regional development and cohesion funds operational programme for 2021-2027 and will channel financing from the European Regional Development Fund (ERDF), the European Social Fund Plus (ESF+) and the Just Transition Fund.

    The EU Just Transition Fund aims to support regions facing serious socioeconomic challenges in transitioning to climate neutrality. Here, its financing will focus on the province of Teruel, funding projects in green industrial transformation, sustainable mobility, the circular economy, energy efficiency, renewable energy (including self-consumption, energy storage and green hydrogen), support for small and medium-sized enterprises (SMEs) and entrepreneurs, research, development and innovation (RDI), digitalisation, environmental restoration and conservation, sustainable tourism and social infrastructure, among other things.

    This agreement highlights the commitment of the European Investment Bank Group (EIB Group) to climate action and economic, social and territorial cohesion, two of the eight core priorities outlined in the Group’s Strategic Roadmap for 2024-2027.

    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 Europe: Sweden: EIB finances ground-breaking carbon capture plant in Stockholm

    Source: European Investment Bank

    • Project to capture CO2 volumes corresponding to more than the emissions of all of Stockholm’s road traffic in one year
    • This is EIB’s first carbon capture financing operation and part of climate strategy
    • Investment contributes to Sweden’s goal of net zero emissions by 2045

    The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden’s first large-scale bioenergy plant with carbon capture and storage (BECCS).

    Beccs Stockholm, which will begin construction at Värtaverket, is expected to be fully operational in 2028 and is projected to capture up to 800,000 tonnes of carbon dioxide per year. The captured carbon dioxide corresponds to more than the total emissions from Stockholm’s road traffic during a year. The technology is based on the separation, liquefaction and permanent storage of biogenic carbon dioxide from the combustion of biofuels – resulting in so-called negative emissions.

    After capture, the carbon dioxide will be temporarily stored and then shipped to Norway where it will be permanently stored in the bedrock under the North Sea. This is done in collaboration with the Northern Lights project, a joint venture between Equinor, Shell and TotalEnergies.

    This is the first CCS project to be financed by the EIB and an important contribution to achieving the world’s climate goals and establishing negative emissions as a new global industry. There is currently a consensus that global warming cannot be limited to 1.5 or below 2 degrees Celsius without negative emissions. The technology also contributes to improved air quality in urban environments and strengthens Europe’s leadership in the climate transition.

    “With this initiative, Sweden shows that it is possible to combine technological leadership with concrete climate benefits, said EIB vice-president Thomas Östros. “By supporting Beccs Stockholm, we are taking an important step to enable negative emissions in Europe and globally. It is an example of how the EIB’s climate mission is being implemented in practice.”

    Stockholm Exergi has also signed extensive agreements for future deliveries of negative emissions in the voluntary carbon market, including a record-breaking commitment from Microsoft – the largest single agreement of its kind to date globally.

    “We have a very constructive and trusting dialogue with the EIB, and I look forward to continuing our cooperation,” said Stockholm Exergi chief executive officer Anders Egelrud. “Their support enables the construction of one of the world’s largest facilities for the capture and permanent storage of biogenic carbon dioxide. Together, we are laying the foundation for a new, green and competitive Nordic industry – an industry that will play a crucial role in achieving the long-term climate goals.”

    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.

    Bio-CCS och Beccs Stockholm

    Bio-CCS is a technology that captures biogenic carbon dioxide before it reaches the atmosphere and is then permanently stored in the bedrock, which creates negative emissions because the carbon dioxide is separated from the biogenic cycle. Permanent negative emissions are the tool that can be used to counteract emissions that are not possible or will be very difficult to avoid. It is a necessary piece of the puzzle to achieve the climate goals and net-zero emissions. 

    Stockholm Exergi’s facility, Beccs Stockholm, will be built in the Energy Port in Värtan.  Värtaverket already produces sustainable heat and electricity from residual products from the forestry and sawmill industry, such as wood chips, branches and tops. By now adding capture and storage of the biogenic carbon dioxide, we create even more climate benefits.

    Beccs Stockholm is made possible through a combination of support from the EU Innovation Fund, state aid and private purchases of certificates for negative emissions from companies with high climate ambitions.

    Stockholm Exergi

    Stockholm Exergi is the energy company of Stockholmers and with resource-efficient solutions, we secure the growing Stockholm region’s access to heating, electricity, cooling and waste services. We heat over 800,000 Stockholmers and our 300-mile long district heating network is the hub for the societal benefits that we create together with our customers and partners. Through Beccs Stockholm, we are pushing for negative emissions to become a reality. We are owned by the City of Stockholm and Ankhiale, a consortium of leading European pension funds (APG, PGGM, Alecta, Keva and AXA IM Alts), and have over 800 employees who work every day to reduce Stockholmers’ climate impact.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Abusive practices of funds, the housing crisis, protection of primary residence and repeal of funds’ ability to take action against the primary residence – E-000023/2025(ASW)

    Source: European Parliament

    The Commission is closely monitoring Greece’s compliance with the relevant Directives[1]. Should the Commission identify any shortcomings in the transposition or implementation thereof, will initiate further action to address them.

    In particular, Directive (EU) 2021/2167 on credit servicers and credit purchasers aims to support the development of secondary markets for non-performing loans in the EU, by providing a harmonised framework for their sale from banks to credit purchaser and servicers. At the same time, the directive ensures that the sale of such loans does not undermine borrowers’ rights.

    Furthermore, to protect consumers and prevent them from losing their homes, the Mortgage Credit Directive 2014/17/EU[2] provides safeguards[3].

    The same Directive enables Member States to introduce, in line with EU law, more stringent provisions in order to protect consumers[4].

    Regarding individual disputes, national authorities and courts ensure the rights of consumers granted under EU law.

    Regarding the Charter of Fundamental Rights of the European Union, everyone has the right to respect for his/her private and family life, home and communications. Within its scope of competence, the Commission remains committed to ensuring this right.

    In addition, to help tackle the housing crisis, the Commission has appointed the first-ever Commissioner responsible for housing and established a Task Force for Housing.

    The Commission will put forward a European Affordable Housing Plan and conduct an analysis of the impact of housing speculations and its economic consequences. During these activities, the Commission will give due consideration to the matters described by the Honourable Member.

    • [1] Directive 2009/65/EC concerning undertakings for collective investment in transferable securities (UCITS) OJ L 302, 17.11.2009, p. 32-96.
      Directive 2011/61/EU on Alternative Investment Fund Managers, OJ L 174, 1.7.2011, p. 1-73
      Council Directive 93/13/EEC of 5 April 1993 on unfair terms in consumer contracts, OJ L 95, 21.4.1993, p. 29-34.
      Directive (EU) 2021/2167 on credit servicers and credit purchasers, OJ L 438, 8.12.2021, p. 1-37.
    • [2]  OJ L 60, 28.2.2014, p. 34.
    • [3]  Such as ensuring that the creditworthiness of a borrower is assessed before a mortgage can be granted as well as obliging creditors to have adequate policies and procedures so that they make efforts to exercise, where appropriate, reasonable forbearance before foreclosure proceedings are initiated. Such measures may consist of a total or partial refinancing of a credit agreement, or of a modification of the existing terms and conditions of a credit agreement.
    • [4]  For example, the Greek insolvency code already establishes a safety net for vulnerable debtors, with a temporary subsidy of their loan instalment in out-of-court restructuring and a sale-and-leaseback regime in case of insolvency or if their primary residence is about to be auctioned: Law 4738/2020 transposing Directive (EU) 2019/1023, as amended by law 4818/2021 and law 5024/2023. The new sale-and-leaseback regime aims to avoid past moral hazard behaviour and the adverse impact it has had in the cost of credit in Greece. Until said mechanism becomes operational, Law 4916/2022 provides for the protection of the primary residence of eligible vulnerable debtors by means of a state subsidy and the suspension of liquidation measures.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Weapons trafficking to Sudan – E-000350/2025(ASW)

    Source: European Parliament

    Since the start of the conflict in Sudan in April 2023, the European External Action Service has been discussing the situation in this country during its political dialogues and exchanges with the Emirati authorities at various levels.

    The EU Special Representative for the Horn of Africa, has also been engaging with the Emirati and other regional stakeholders. In this context, the EU representatives have raised concerns about reported United Arab Emirates (UAE) support to the rapid support forces, while emphasising the importance of the UAE’s constructive engagement for reaching a sustainable cease-fire in Sudan.

    The negotiated outcome documents of two high-level meetings on Sudan co-organised by the EU, Germany and France in New York[1] and Paris[2] — attended by UAE — urge foreign actors to cease support to the warring sides.

    Situation in Sudan has also been discussed in the meetings with the Gulf Cooperation Council (GCC), including the first EU-GCC Summit in Brussels on 16 October 2024, where the EU and GCC leaders (UAE represented at the level of Deputy Prime Minister and Minister of Finance) underscored the importance of stopping the war and eventually returning to a political process leading to civilian rule in Sudan, and urged the Sudanese armed forces and the rapid support forces to engage seriously and effectively with crisis resolution initiatives, including the Jeddah platform.

    The Commission will continue to follow closely the conflict in Sudan and engage with the key regional stakeholders, including the UAE, in the regional efforts aimed at achieving a lasting peace and justice in Sudan. In the meantime, the EU has already adopted three listings of restrictive measures[3], including against entities that are based in the UAE, and stand ready to consider additional sanctions against those who are fuelling the war.

    • [1] https://www.auswaertiges-amt.de/en/newsroom/news/2677588-2677588
    • [2] https://www.diplomatie.gouv.fr/en/country-files/sudan/news/article/ministerial-meeting-for-advancing-the-sudan-peace-initiatives-paris-le-15-04-24
    • [3] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202403154
    Last updated: 4 April 2025

    MIL OSI Europe News –

  • MIL-OSI: XploraDEX Delivers Smart Trading Infrastructure The XRP Blockchain Has Been Missing – Join $XPL Pre-Sale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, April 04, 2025 (GLOBE NEWSWIRE) — The XRP Ledger has long been celebrated for its speed and cost-efficiency, but despite its potential, XRP has lacked one critical piece: intelligent, adaptive DeFi infrastructure. That gap is now being filled, XploraDEX is here, and it’s not just another decentralized exchange. It’s a full-blown AI-powered trading protocol, designed to bring precision, automation, and strategy to the XRP ecosystem.

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    contact@xploradex.io

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

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca0af8d9-7a36-422a-8d67-d18d8ad48c6f

    The MIL Network –

  • MIL-OSI Europe: Households and non-financial corporations in the euro area: fourth quarter of 2024

    Source: European Central Bank

    4 April 2025

    • Households’ financial investment increased at broadly unchanged annual rate of 2.4% in fourth quarter of 2024
    • Non-financial corporations’ financing increased at annual rate of 0.9%, compared with 1.1% in previous quarter
    • Non-financial corporations’ gross operating surplus decreased at unchanged annual rate of ‑1.4%

    Chart 1

    Household financing and financial and non-financial investment

    (annual growth rates)

    Sources: ECB and Eurostat.

    Data for household financing and financial and non-financial investment

    Chart 2

    NFC gross-operating surplus, non-financial investment and financing

    (annual growth rates)

    Source: ECB and Eurostat.

    Data for NFC gross-operating surplus, non-financial investment and financing

    Households

    Household gross disposable income increased in the fourth quarter of 2024 at a broadly unchanged rate of 4.4%. The compensation of employees grew at a lower rate of 4.9% (after 5.5% in the previous quarter), and gross operating surplus and mixed income of the self-employed increased at a lower rate of 2.9% (after 3.6%). Household consumption expenditure increased at a higher rate of 3.6% (after 3.2%).

    The household gross saving rate increased to 15.4% in the fourth quarter of 2024, compared with 15.2% in the previous quarter.

    Household gross non-financial investment (which refers mainly to housing) decreased at a more negative annual rate (-1.5%) in the fourth quarter of 2024 (after -0.9%). Loans to households, the main component of household financing, grew at a higher rate of 1.2% (after 0.9%).

    Household financial investment increased at a broadly unchanged annual rate of 2.4% in the fourth quarter of 2024. Currency and deposits grew at a higher rate of 2.8% (after 2.5%), while investment in debt securities increased at a lower rate of 9.0% (after 15.9%). Investment in shares and other equity grew at a higher rate of 2.0% (after 1.1%) due to accelerating investments in investment fund shares (7.7% after 5.4%). Investment in life insurance grew at a higher rate of 1.1% (after 0.8%) and in pension schemes at a lower rate of 2.1% (after 2.3%).

    Household net worth increased at an annual rate of 4.4% in the fourth quarter of 2024, after 5.7% in the previous quarter. Net financial and non-financial assets grew due to valuation gains in addition to investments. Housing wealth, the main component of non-financial assets grew at a higher rate of 3.4% (after 2.8%). The household debt-to-income ratio decreased, to 81.9% in the fourth quarter of 2024 from 85.0% in the fourth quarter of 2023.

    Non-financial corporations

    Net value added by NFCs increased at a broadly unchanged annual rate of 2.5% in the fourth quarter of 2024. Gross operating surplus decreased at an unchanged rate of -1.4%, while net property income – defined in this context as property income receivable minus interest and rent payable – increased. As a result gross entrepreneurial income (broadly equivalent to cash flow) increased at a rate of 0.8% (after -1.4%).[1]

    NFCs’ gross non-financial investment increased at lower annual rate of 1.0% in the fourth quarter of 2024 (after 2.8%)[2]. Financial investment grew at lower annual rate of 1.8% (after 2.2%). Among its components, loans granted increased at a lower rate of 2.5% (after 3.3%), and investment in shares and other equity grew at a lower rate of 1.0% (after 1.3%).

    Financing of NFCs increased at a lower rate of 0.9% in the fourth quarter of 2024 (after 1.1%). Loan financing (1.2% after 1.4%)[3] and financing via shares and other equity (0.4% after 0.6%) grew at lower rates. Financing via debt securities increased at a broadly unchanged rate of 2.4%, while financing via trade credits accelerated (3.5% after 3.1%).

    The NFC debt-to-GDP ratio (consolidated measure) decreased to 67.3% in the fourth quarter of 2024, from 68.8% in the same quarter of the previous year; the non-consolidated, wider debt measure decreased to 138.7% from 140.7%.

    For queries, please use the Statistical Information Request form.

    Notes

    • This statistical release incorporates revisions to the data since the first quarter of 2021.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • The euro area and national financial accounts data of non-financial corporations and households are available in an interactive dashboard.
    • Hyperlinks in the main body of the statistical release are dynamic. The data they lead to may therefore change with subsequent data releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The ECB publishes experimental Distributional Wealth Accounts (DWA), which provide additional breakdowns for the household sector. The release of results for 2024 Q4 is planned for 30 May 2025 (tentative date).

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Investing millions in safety and infrastructure on our roads for the year ahead

    Source: Scotland – City of Edinburgh

    Councillors have agreed to take forward an ambitious suite of infrastructure and road safety works in the coming year, worth over £30m.

    The Roads and Infrastructure Investment – Capital Delivery Priorities for 2025/26 spreads the capital budget of £25.686m across six different work streams.

    Carriageways and footways will receive £18.161m and focus on repairing roads and pavements. Street lighting and traffic signals have £1.220m, which will be used to maintain and improve this network. Road structures take £1.545m and focusses on our road bridges, foot bridges, underpasses, tunnels and gantries. Our road operations will get £2.460m and encompasses drainage repairs, bus stop maintenance and surface enhancement. Other asset management and miscellaneous spending amounts to £2.3m.

    The additional £12.5m of funding agreed in February’s budget has been integrated into the programme to improve paths, pavements and road conditions. An extra £12.5m of funding was also agreed last year, with a record 460,000m2 of carriageways and 52,000m2 of footways receiving treatment in that period. The Council’s Road Condition Indicator (RCI), which signifies the percentage of roads that should be considered for investment, also saw a significant improvement in 2024/25.

    We’ll look to build on these results in the coming year by undertaking a combination of carriageway strengthening, carriageway resurfacing, carriageway surface treatment, footway asphalt, footway flags and footway slurry sealing.

    The report also outlines our Street Lighting Programme and looks further ahead to our Setted Street Priorities in the next six financial years with Frederick Street, Victoria Street and the Shore all featuring for refurbishment.

    Our Road Safety Delivery Plan 2025/26 allocates over £6m across the service. As part of this, the Road Safety team will address concerns around the Dalmahoy Junction and prioritise infrastructure improvements for safe school travel, including additional pedestrian crossings.

    There will also be provision for Accident Investigation and Prevention (AIP), speed reduction measures and new 30mph and 20mph speed limit reductions over this and the forthcoming year. A full breakdown can be found in Appendix 2 of the report. Road safety progress will be reported to Committee in October, following elected member workshops to drive forward existing priority projects.

    These allocations are driven by our main priorities in the year ahead to promote road safety, study road accidents, review our vacant school crossing sites, take preventative measures and offer information, advice and practical training to road users.

    Transport and Environment Convener, Councillor Stephen Jenkinson said:

    I’m really pleased that these two ambitious and wide-reaching reports have been agreed.

    Our residents have made it abundantly clear that they want and expect continued investment in our roads network. Road safety also goes hand in hand with road condition and investment, with roads that are better maintained equalling safer roads for our children and young people. This is what I’m committed to delivering.

    From carriageway strengthening in Corstorphine and surface treatment in Seafield, to street lighting in Leith and road safety education in Ratho, we’re focussed on fulfilling our commitments and getting to work for the people of Edinburgh.

    A list of definitions for treatment specifications mentioned above in the Roads and Infrastructure Investment – Capital Delivery Priorities for 2025/26 report are below.

    Carriageway Strengthening: A substantial treatment with a minimum depth of 100mm. This includes removal of the surfacing and base course of the carriageway. Deeper excavations may be required depending on existing condition. Deeper excavations are required a bus stops.

    Carriageway Resurfacing: This treatment removes the surface course only. The depth of treatment is generally 40-50mm.

    Carriageway Surface Treatment: A preventative maintenance treatment. A thin treatment that is designed to slow deterioration of the carriageway. It is used primarily on carriageways that are starting to deteriorate. CEC uses two surface treatments: Surface Dressing and Micro Asphalt.

    Footway Asphalt: Break out of the existing asphalt footway. Depth will be dependent on existing condition. Kerbs are generally lifted and re-set as part of this treatment.

    Footway Flags: Break out of the existing footway with flags (slabs) being installed. Generally, pre-cast concrete flags are used, however, the following material is specified in the World Heritage Site: Old Town: Caithness Stone Flags New Town: Yorkstone Flags

    Footway Surface Treatment: A preventative maintenance treatment. A thin treatment that is designed to slow deterioration of the footway.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Psychology in policing and criminology under spotlight at Aberdeen conference The impact of AI and other emerging technologies on modern policing will be investigated during an annual psychology event taking place in Aberdeen later this month.

    Source: University of Aberdeen

    Dr Eva RubinovaThe impact of AI and other emerging technologies on modern policing will be investigated during an annual psychology event taking place in Aberdeen later this month.
    Organised jointly by the University of Aberdeen, Abertay University and the Scottish Institute for Policing Research, the Applied Psychology in Policing Settings conference will focus on the use of new technology to support and work with vulnerable groups, as well as the impact of AI and other emerging technologies on policing research and practice.
    Academics from the Universities of Aberdeen, Stirling and Birmingham City will give presentations on a range of topics, including the effects of alcohol on memory recall in investigative interviews, using virtual reality to improve eyewitness testimony and how facial recognition assists police investigations.
    Dr Eva Rubinova, Lecturer at the University of Aberdeen’s School of Psychology, co-organised the event with Dr Penny Woolnough, Reader in Forensic and Investigative Psychology at Abertay University and Associate Director of the Scottish Institute for Policing Research; and Dr Julie Gawrylowicz, Reader in Applied Cognitive Psychology at Abertay University.
    Dr Rubinova will give a presentation on her research exploring strategies for interviewing witnesses in domestic abuse cases. Her project aims to collect information about practices currently used by Police Scotland officers when collecting witness statements in these cases, to inform future research.
    “We are excited to host the fourth networking conference of the Evidence and Investigation Network of the Scottish Institute for Policing Research at the University of Aberdeen,” said Dr Rubinova. “The lineup of speakers includes Aberdeen, Scottish and UK academics, all experts in their fields who will share their cutting-edge research focused on innovative technologies and evidence gathering in cases involving vulnerable groups.
    “Delegates will have opportunities to network and develop new collaborations focused on solving issues in everyday policing practice. We hope the conference will educate and inform our audience and inspire the development of new ideas and knowledge exchange.”
    Dr Clare Sutherland and Dr Travis Seale-Carlisle, from the University of Aberdeen’s School of Psychology, will also give talks at the event on hyperrealistic AI and improving eyewitness identifications respectively.
    Free to attend, Applied Psychology in Policing Settings 2025 will take place on 16 April, 10am to 4pm, at the University of Aberdeen King’s College Conference Centre. You can book your place and find out more here.

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Euro area quarterly balance of payments and international investment position: fourth quarter of 2024

    Source: European Central Bank

    4 April 2025

    • Current account surplus at €426 billion (2.8% of euro area GDP) in 2024, after a €243 billion surplus (1.7% of GDP) a year earlier.
    • Geographical counterparts: largest bilateral current account surpluses vis-à-vis United Kingdom (€197 billion) and Switzerland (€76 billion) and largest deficit vis-à-vis China (€105 billion).
    • International investment position showed net assets of €1.66 trillion (10.9% of euro area GDP) at end of 2024.
    • Bilateral current account vis-à-vis the United States: surplus of €3 billion (0.0% of euro area GDP) in 2024, following a deficit of €30 billion (0.2% of GDP) in 2023. For more details see dedicated section on economic and financial linkages between the euro area and the United States.

    Current account

    The current account of the euro area recorded a surplus of €426 billion (2.8% of euro area GDP) in 2024, following a €243 billion surplus (1.7% of GDP) a year earlier (Table 1). This development was driven by larger surpluses for goods (from €264 billion to €372 billion), services (from €127 billion to €169 billion) and primary income (from €20 billion to €54 billion). The deficit for secondary income increased moderately from €167 billion to €168 billion.

    The estimates on goods trade broken down by product group show that in 2024 the increase in the goods surplus was mainly due to a reduction in the deficit for energy products (from €314 billion to €260 billion). In addition, the surpluses for chemical products and machinery and manufactured products increased (from €244 billion to €268 billion and from 283 billion to €300 billion, respectively).

    The larger surplus for services in 2024 was mainly due to widening surpluses for telecommunication, computer and information (from €169 billion to €203 billion) and travel (from €52 billion to €61 billion), and a lower deficit for other business services (from €60 billion to €28 billion). These developments were partly offset by a widening deficit for charges for the use of intellectual property (from €100 billion to €126 billion).

    In 2024, the increase in the primary income surplus was mainly due to larger surpluses in direct investment (from €72 billion to €104 billion), portfolio debt (from €59 billion to €79 billion), and other primary income (from €3 billion to €15 billion), which were partly offset by a larger deficit in portfolio equity (from €163 billion to €194 billion).

    Table 1

    Current account of the euro area

    (EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Goods by product group is an estimated breakdown using a method based on statistics on international trade in goods. Discrepancies between totals and their components may arise from rounding.

    Data for the current account of the euro area

    Data on the geographical counterparts of the euro area current account (Chart 1) show that in 2024, the euro area recorded its largest bilateral surpluses vis-à-vis the United Kingdom (€197 billion, down from €220 billion a year earlier) and Switzerland (€76 billion, up from €65 billion). The euro area also recorded surpluses vis-à-vis other emerging countries (€155 billion, up from €135 billion a year earlier) and other advanced countries (€114 billion, up from €80 billion). The largest bilateral deficit was recorded vis-à-vis China (€105 billion, down from €109 billion a year earlier) and a deficit was also recorded vis-à-vis the residual group of other countries (€96 billion, down from €142 billion).

    The most significant changes in the geographical components of the current account in 2024 relative to 2023 were as follows: the goods surpluses increased vis-à-vis the United States (from €179 billion to €213 billion) and vis-à-vis other advanced countries (from €27 billion to €50 billion), while the goods deficit vis-à-vis China increased from €131 billion to €141 billion. In services, the deficit vis-à-vis the United States increased (from €124 billion to €156 billion), while the balance vis-à-vis offshore centres shifted from a deficit (€8 billion) to a surplus (€16 billion). In primary income, the balance vis-à-vis the United Kingdom shifted from a surplus (€31 billion) to a deficit (€4 billion) while a smaller deficit was recorded vis-à-vis the United States (from €84 billion to €52 billion). The deficit in secondary income vis-à-vis the EU Member States and EU institutions outside the euro area decreased slightly (from €76 billion to €73 billion).

    Chart 1

    Geographical breakdown of the euro area current account balance

    (four-quarter moving sums in EUR billions; non-seasonally adjusted)

    Source: ECB.
    Note: “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. “Other advanced” includes Australia, Canada, Japan, Norway and South Korea. “Other emerging” includes Argentina, Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not shown in the chart, as well as unallocated transactions.

    Data for the geographical breakdown of the euro area current account

    International investment position

    At the end of 2024, the international investment position of the euro area recorded net assets of €1.66 trillion vis-à-vis the rest of the world (10.9 % of euro area GDP), up from €1.25 trillion in the previous quarter (Chart 2 and Table 2).

    Chart 2

    Net international investment position of the euro area

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Data for the net international investment position of the euro area

    The €407 billion increase in net assets was mainly driven by larger net assets in portfolio debt (up from €1.27 trillion to €1.42 trillion), direct investment (up from €2.54 trillion to €2.66 trillion) and reserve assets (up from €1.32 trillion to €1.39 trillion).

    Table 2

    International investment position of the euro area

    (EUR billions, unless otherwise indicated; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Net financial derivatives are reported under assets. “Other volume changes” mainly reflect reclassifications and data enhancements. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area

    The developments in the euro area’s net international investment position in the fourth quarter of 2024 were driven mainly by positive exchange rate changes, and to a lesser extent by positive transactions and other volume changes (Table 2 and Chart 3).

    At the end of the fourth quarter of 2024, direct investment assets of special purpose entities (SPEs) amounted to €3.58 trillion (28% of total euro area direct investment assets), up from €3.53 trillion at the end of the previous quarter (Table 2). Over the same period, direct investment liabilities of SPEs increased from €3.10 trillion to €3.13 trillion (31% of total direct investment liabilities).

    At the end of the fourth quarter of 2024 the gross external debt of the euro area amounted to €16.70 trillion (110% of euro area GDP), up by €1 billion compared with the previous quarter.

    Chart 3

    Changes in the net international investment position of the euro area

    (EUR billions; flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Note: “Other volume changes” mainly reflect reclassifications and data enhancements. 

    Data for changes in the net international investment position of the euro area

    At the end of 2024 euro area direct investment assets were €12.62 trillion, 23% of which was invested in the United States and 19% in the United Kingdom (see Table 3). Euro area direct investment liabilities were €9.96 trillion, with 28% being investments from the United States, 19% from offshore centres and 18% from the United Kingdom.

    In portfolio investment, euro area holdings of foreign securities amounted to €7.57 trillion in equity and €7.09 trillion in debt securities at the end of 2024. The largest holdings of equity were in securities issued by residents of the United States (accounting for 60%). In debt securities, the largest euro area holdings were in securities issued by residents of the United States (accounting for 38%), the United Kingdom (17%) and the EU Member States and EU institutions outside the euro area (16%).

    On the portfolio investment liabilities side, non-residents’ holdings of securities issued by euro area residents stood at €10.84 trillion in equity and at €5.67 trillion in debt at the end of 2024. The largest holder countries of euro area equity were the United States (27%) and the United Kingdom (13%), while for euro area debt securities the largest holders were the BRIC group of countries (14%), the United States (13%) and Japan (11%).

    In other investment, euro area residents’ claims on non-residents amounted to €7.18 trillion, 29% of which was vis-à-vis the United Kingdom and 24% vis-à-vis the United States. Euro area other investment liabilities amounted to €7.71 trillion, with the United Kingdom accounting for 25% and the United States for 19%.

    Table 3

    International investment position of the euro area – geographical breakdown

    (as a percentage of the total, unless otherwise indicated; at the end of the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. The “BRIC” countries are Brazil, Russia, India and China. “Other advanced” includes Australia, Canada, Norway and South Korea. “Other emerging” includes Argentina, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not listed in the table as well as unallocated positions.

    Data for the international investment position of the euro area – geographical breakdown

    Economic and financial linkages between the euro area and the United States

    This statistical release provides a longer-term perspective on the euro area’s bilateral current account balance and international investment position vis-à-vis the United States by presenting developments over the past decade.

    In 2024 the euro area recorded a current account surplus of €3 billion (0.0% of euro area GDP) vis-à-vis the United States, following a deficit of €30 billion (0.2% of GDP) in 2023 (see Chart 4). The euro area had recorded a rather stable current account surplus vis-à-vis the United States of around 1.0% of GDP between 2015 and 2019, which gradually declined subsequently and turned into a deficit in 2022. Since 2015 the euro area has run a persistent and sizeable goods surplus vis-à-vis the United States, rising from €127 billion in 2015 to €213 billion in 2024. The marked decline in the euro area current account surplus vis-à-vis the United States over the past decade was mainly due to a pronounced widening in the deficit for services (from €21 billion in 2015 to €156 billion in 2024), driven by an increasing deficit in charges for the use of intellectual property (from €5 billion to €168 billion). In addition, the euro area’s primary income balance vis-à-vis the United States changed from a surplus of €2 billion in 2015 to a deficit of €52 billion in 2024, largely due to a widening deficit in direct investment income. The developments in the euro area’s bilateral current account balance vis-à-vis the United States, in particular the significant changes observed since 2019, are partly connected to the activities of US multinational enterprises in the euro area.

    Chart 4

    Euro area current account balance vis-à-vis the United States

    (left-hand scale: four-quarter moving sums in EUR billions; right-hand scale: four-quarter moving sums as a percentage of GDP; non-seasonally adjusted)

    Source: ECB.

    Data for the current account of the euro area vis-a-vis the United States

    At the end of 2024, the euro area’s bilateral investment position vis-à-vis the United States showed net assets equivalent to 26% of euro area GDP, up from 18% of GDP at the end of 2023 and 4% of GDP at the end of 2015 (Chart 5). Net asset positions in portfolio investment debt (13% of GDP) and portfolio investment equity (11% of GDP) contributed most to the euro area’s bilateral net asset position at the end of 2024. The increase in the euro area bilateral net asset position since 2015 was driven mainly by a shift in portfolio investment equity from a net debtor to a net creditor position, as euro area portfolio investment equity assets vis-à-vis the United States rose more strongly than the corresponding liabilities. Developments in portfolio investment debt and direct investment also contributed, albeit to a lesser extent, to the increase in total net assets vis-à-vis the United States.

    Chart 5

    vis-à-vis the United States

    Euro area net investment position

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Notes: “Total net position” refers to the sum of net direct investment, net portfolio investment, net other investment and net financial derivatives. Reserve assets are not included in the total. Net positions are computed as the asset positions minus the liability positions of the respective item. Discrepancies between totals and their components may arise from rounding.

    The United States is the largest destination country for euro area cross-border financial investment. Euro area financial assets vis-à-vis the United States amounted to €12.38 trillion at the end of 2024 (82% of euro area GDP), with an 83% increase since the end of 2015 (see Table 4). This development increased the share of the United States in euro area external assets from 27% to 33%. The increase was mainly due to euro area holdings of portfolio investment equity issued by residents of the United States, which have risen by 286% since the end of 2015, mainly as a result of positive price revaluations. At the same time, euro area holdings of portfolio investment debt securities have increased by 91% since the end of 2015.

    The United States is also the largest source country for euro area cross-border financial investment, accounting for bilateral financial liabilities of €8.41 trillion (56% of euro area GDP) at the end of 2024, a 32% increase since the end of 2015. Over the same period, the share of the United States in euro area external liabilities remained broadly stable at 22%. This development mainly reflected an increase of 97% in portfolio investment equity liabilities vis-à-vis the United States, while direct investment liabilities vis-à-vis the United States declined by 9%.

    Table 4

    Euro area international investment position vis-à-vis the United States

    (at the end of the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “p.p.” refers to percentage points. “Equity” comprises equity and investment fund shares. “Total assets/liabilities” refers to the sum of direct investment, portfolio investment, other investment and financial derivatives. Reserve assets are not included in the total. Around 17% of the Eurosystem’s total reserve assets of €1.3 trillion are held in the form of securities, of which an undisclosed part is invested in securities issued in the United States. Financial derivatives are reported separately in gross terms under assets and liabilities. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area – vis-à-vis the US

    Data revisions

    This statistical release incorporates revisions to the data for the reference periods between the first quarter of 2021 and the third quarter of 2024. The revisions reflect revised national contributions to the euro area aggregates because of the incorporation of newly available information.

    MIL OSI Europe News –

  • MIL-OSI: Groupama Group 2024 annual results

    Source: GlobeNewswire (MIL-OSI)

    Premium income (insurance premiums and other income) of €18.5 billion, up +8.9%

    • Growth in activity in all business lines: property and casualty insurance (+5.2%), health & protection (+15.2%) and savings & pensions (+8.1%)
    • Sustained growth in France (+8.9%) and in international subsidiaries (+8.3%)
    • Insurance revenue (IFRS 17) of €16.3 billion

    Net income of €961 million

    • Economic operating income of €954 million, up €52 million
    • Moderate weather loss experience
    • Combined ratio of 95.1%

    Solvency ratio of 185% without transitional measure

    • Solvency ratio of 241% without transitional measure on underwriting reserves
    • Group’s IFRS equity of €10.5 billion, up +€0.6 billion
    • Contractual service margin of €3.8 billion

    “Groupama is showing very satisfactory results, both in terms of revenue growth and profitability. Despite a turbulent economic and geopolitical environment, the group demonstrates the solidity and strength of its mutual model, which forms the foundation of an ambitious development strategy as well as investments for the future. I would like to thank our elected representatives and our employees for their commitment.”, stated Laurent Poupart, Chairman of the Board of Directors of Groupama Assurances Mutuelles.

    “The group’s results are very positive, with net income supported by a robust operating income from our insurance activities. These results stem from all our operations, including property and casualty as well as life and health insurance, both in France and internationally. They enable us to navigate the complex and uncertain economic environment on solid foundations and to generate investment capacity for our development.”, added Thierry Martel, CEO of Groupama Assurances Mutuelles.

    The Board of Directors of Groupama Assurances Mutuelles met on 3 April 2025, under the chairmanship of Laurent Poupart, and approved the Group’s combined financial statements for fiscal year 2024.

    Activity (insurance premiums and other income)

    At 31 December 2024, Groupama’s combined premium income stood at €18.5 billion, +8.9% increase from 31 December 2023. The increase stemmed from the development of property and casualty insurance (+5.2%), sustained growth in health & protection insurance (+15.2%) and the return to growth in the savings & pensions business (+8.1%).

    Groupama premium income at 31 December 2024

    in millions of euros 31/12/2024 Like-for-like change
    Property and casualty insurance 9,241 +5.2%
    Health & Protection 5,900 +15.2%
    Savings & Pensions 3,115 +8.1%
    Financial businesses 246 +15.6%
    GROUP TOTAL 18,503 +8.9%

      

    In France

    Insurance premium income in France at 31 December 2024 amounted to €15.2 billion, up +8.9% compared with 31 December 2023.

    In property and casualty insurance, premium income amounted to €7.0 billion at 31 December 2024, up +4.3%, driven by strong growth in business and local authority insurance (+8.1%), home insurance (+5.1%) and, to a lesser extent, by the increase in motor insurance (+2.8%) and agricultural insurance (+2.9%).

    The health & protection business saw strong growth (+14.8%) to €5.5 billion as at 31 December 2024, underpinned by increases in both group health (+23.5%) and individual health (+7.2%).

    In savings & pensions, premium income rebounded with a growth of 9.7%, reaching €2.7 billion as of December 31, 2024. This growth was driven by an increase in individual savings & pensions (+12.6%), particularly in unit-linked savings & pensions (+22.5%), which benefited from the success of Telluma.

    International

    At the end of 2024, business reached €3.1 billion, up +8.3% at constant scope and exchange rates compared with 31 December 2023, benefiting from strong business growth in Hungary (+19.1%) and sustained growth in Romania (+7.4%) and Italy (+5.9%).

    Property and casualty insurance premium income totalled €2.3 billion as at 31 December 2024, up +8.2% from the previous period. This growth was driven by property and casualty insurance for businesses and local authorities (+15.6%), mainly in Romania, by motor insurance (+6.7%), which grew significantly in Hungary, Bulgaria and Italy, as well as by strong performances in home insurance (+11.7%), particularly in Greece and Bulgaria.

    Premium income in savings & pensions was virtually stable (-0.6%) at €0.5 billion, with growth in individual savings & pensions in unit-linked products (+25.5%) being offset by the decline in the group savings& pensions business (-41.8%).

    In health and protection, business grew significantly (+21.8%) to €0.4 billion, benefiting from growth in group insurance (+40.0%), mainly in Romania and Bulgaria, and from the increase in individual protection (+14.1%).

    Financial businesses

    The Group’s premium income was €246 million, including €238 million from Groupama Asset Management and €8 million from Groupama Epargne Salariale.

    Results

    Economic operating income increased to €954 million at 31 December 2024, up 52% compared with 31 December 2023.

    It came from property and casualty insurance for €429 million (€316 million as at 31 December 2023) and health and protection insurance for €299 million (€233 million as at 31 December 2023). The Group’s non-life combined ratio was 95.1% at 31 December 2024, an improvement of -1.7 points compared with 31 December 2023. This change is linked to the decrease in claims related to natural disasters, for which the cost net of reinsurance amounted to €637 million in 2024 compared with €968 million in 2023, as well as the improvement in the attritional loss experience and the increase in prior year reserve bonuses. Conversely, the discount effect is less than in 2023. The operating costs ratio was virtually stable at 28.1% as at 31 December 2024.

    Economic operating income from savings & pensions was €327 million at 31 December 2024 (€156 million at 31 December 2023). It benefited in particular from the result of the switch of the share reinsured by Groupama Gan Vie to CNP Retraite in the PREFON Retraite reinsurance treaty, effective 1 January 2024.

    Economic operating income from financial activities amounted to +€44 million and that of the Group’s holding company activity was -€146 million at 31 December 2024.

    The transition from economic operating income to net income includes non-recurring items, in particular the realisation of capital gains or losses, the change in the fair value of financial assets, and financing expenses. The Group’s overall net income totalled €961 million at 31 December 2024, compared with €510 million at 31 December 2023.

    Balance sheet

    Group’s IFRS equity totalled €10.5 billion at 31 December 2024 compared with €9.9 billion as at 31 December 2023. This change is mainly due to the positive contribution of income for the financial year and the perpetual subordinated debt issue in early July 2024 for €600 million, mitigated by the redemption in May 2024 of the perpetual subordinated notes issued in 2014 for €871 million.

    The Group’s contractual service margin, which represents the deferred future profits of outstanding contracts in savings and pensions and long-term protection, amounted to €3.8 billion at 31 December 2024, up +€162 million compared with 31 December 2023.

    Insurance investments totalled €67.2 billion, down -€3.2 billion, mainly due to the disposal of assets from the Prefon portfolio and changes in the financial markets (rise in government bond yields).

    At 31 December 2024, the Solvency 2 ratio, without transitional measure on underwriting reserves, was 185%. The 12-point decrease in the rate compared with end-2023 was mainly due to unfavourable market effects reflecting the widening of government bond spreads as well as the redemption in May 2024 of perpetual subordinated bonds issued in 2014 for €871 million, partially offset by the net income for the fiscal year and by the issue of perpetual subordinated debt in July 2024 for €600 million. The ratio with transitional measure on underwriting reserves, authorised by the ACPR, was 241%.

    The Group’s financial strength was highlighted by Fitch Ratings, which affirmed Groupama’s rating at ‘A+’ with a ‘Stable’ outlook on 9 December 2024.

    Group Communications Department

    For the financial statements as at 31/12/2024, the Group’s financial information consists of:

    • this press release, which is available on the website groupama.com,
    • the universal registration document of Groupama, which will be filed with the AMF on 28 April 2025 and posted on the www.groupama.com website on the same day.

    Appendix: Groupama key figures

    Premium income (insurance premiums and other income)

    € million 31/12/2023
    pro forma*    		 31/12/2024 Change **
    as %
    > France 13,919 15,154 +8.9%
    Property and Casualty 6,686 6,974 +4.3%
    Health & Protection 4,804 5,515 +14.8%
    Savings & Pensions 2,429 2,665 +9.7%
    > International & Overseas territories 2,866 3,103 +8.3%
    Property and Casualty 2,096 2,268 +8.2%
    Health & Protection 316 385 +21.8%
    Savings & Pensions 453 450 -0.6%
    TOTAL INSURANCE 16,785 18,257 +8.8%
    Financial businesses 213 246 +15.6%
    Groupama premium income 16,997 18,503 +8.9%

    * Based on comparable data
    ** Change on a like-for-like exchange rate and consolidation basis

    Economic operating income

    € million 31/12/2023 31/12/2024
    Insurance – France 544 856
    Insurance – International 161 200
    Financial businesses 35 44
    Holding companies -113 -146
    Economic operating income* 627 954

    * Economic operating income: net income restated for realised capital gains and losses, allocations to and reversals of provisions for long-term impairment and unrealised gains and losses on financial assets recognised at fair value from property and casualty, health/personal protection, financial and holding company activities (these items being net of corporate income tax). Non-recurring transactions net of tax, impairment of goodwill (net of tax) and external financing expenses are also restated.

    Net income

    € million 31/12/2023 31/12/2024
    Insurance – France
    Insurance – International    		 572
    141    		 906
    161
    Financial businesses 35 44
    Holding companies -128 -151
    Disposal of activities in Turkey -110 –
    Net income 510 961

    Balance sheet

    € million 31/12/2023 31/12/2024
    Group’s IFRS equity 9,862 10,487
    Subordinated debts 3,009 2,741
    – classified as Group’s IFRS equity  871 600
    – classified as “Financing debt” 2,138 2,141
    Contractual service margin 3,649 3,810
    Total balance sheet 91,949 89,396

    Main ratios

      31/12/2023 31/12/2024
    Combined non-life ratio 96.8% 95.1%
    Debt ratio 21.8% 18.7%
    Solvency 2 ratio (with transitional measure*) 267% 241%
    Solvency 2 ratio (without transitional measure*) 197% 185%

    * transitional measure on underwriting reserves

    Financial strength rating – Fitch Ratings

      Rating * Outlook
    Groupama Assurances Mutuelles and its subsidiaries A+ Stable

    * Insurer Financial Strength (IFS)

    About Groupama Group

    For more than 100 years, Groupama Group has based its actions on timeless, humanist values to enable as many people as possible to build their lives in confidence. It relies on humane, caring, optimistic and responsible communities. The Groupama Group, one of the leading mutual insurers in France, carries out its insurance and service business activities in ten countries. The Group has 12 million members and customers and 32,000 employees throughout the world, with premium income of €18.5 billion.

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    The MIL Network –

  • MIL-OSI Economics: Panasonic decides to invest in UUUO, an enterprise that developed the “UUUO” fishery market connected by technology, through the Panasonic Kurashi Visionary Fund

    Source: Panasonic

    Headline: Panasonic decides to invest in UUUO, an enterprise that developed the “UUUO” fishery market connected by technology, through the Panasonic Kurashi Visionary Fund

    Tokyo, Japan, April 4, 2025 – Panasonic Corporation (Head Office: Minato-ku, Tokyo; President & CEO: Masahiro Shinada; hereinafter referred to as Panasonic) today announced that it has invested in UUUO, inc. (Head Office: Hiroshima-shi, Hiroshima; CEO: Kazutomo Itakura; hereinafter referred to as UUUO), an enterprise that developed the UUUO fishery market connected by technology, through a corporate venture capital fund, commonly known as the Panasonic Kurashi Visionary Fund, jointly managed by Panasonic and SBI Investment Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director, Chairman and President: Yoshitaka Kitao).
    In response to the diversification in food distribution (e-commerce, direct sales by producers, etc.), in order to increase producers’ income and effectively meet consumer needs, the Wholesale Market Act and the Act on Promoting the Improvement of Food Distribution Structure have been recently revised. This enabled intermediate wholesalers, who serve as intermediaries between wholesalers and retailers, to purchase food items directly from production areas and allowed markets to mutually fulfill each other’s needs according to supply and demand conditions, accelerating the digital transformation (DX) of the food distribution market through improved operational efficiency and the emergence of new businesses.
    Under the vision “Bringing the riches of the ocean to your hometown,” UUUO has developed and provides the UUUO smartphone application, which allows shippers in production areas to trade fishery products directly with wholesalers, intermediate wholesalers, and retailers in the market anytime, anywhere, and with ease. UUUO users can specify their preferred fishery products from fishing harbors and markets throughout Japan. With over 100 wholesalers, intermediate wholesalers, and retailers registered, the application ensures a stable supply of fishery products that users wish to purchase without changing their business partners. The easy order system facilitates DX in purchasing operations, ensuring efficiency as well as the variety, quantity, and freshness of fishery products handled. UUUO continues to expand its services as a new fishery market connecting individual harbors and markets throughout Japan.
    In the area of food infrastructure, Panasonic provides cooking appliances, along with a wide range of B2B cold chain products, mostly in Japan and the US, including commercial freezers and refrigerated showcases. With the aim of contributing to the cold chain industry by providing value to both producers and end consumers, the company will work to verify synergy effects in fresh fish distribution through this collaboration.Panasonic aims to establish food infrastructure, where necessary food items are provided in the required quantities while maintaining freshness and palatability. It also strives to ensure the safety of people’s daily diet, and create a sustainable society.
    With a mission to contribute to the wellbeing of people, society, and the planet, Panasonic aims to be the best partner in supporting people’s lives with human-centric technology and innovation. The company will continue to strengthen its open innovation initiatives through strong partnerships by investing in promising startups both in Japan and abroad that excel in areas closely related to people’s lives, such as energy, food infrastructure, spatial infrastructure, and lifestyle.

    ■Comments from Kunio Gohara, General Manager of the Corporate Venture Capital Office, Panasonic Corporation

    With lifestyle changes and diversified diets, we are witnessing the evolving needs of consumers. In order to address the universal need to deliver good food, we aim to make contributions beyond the scope of the industry. Particularly in the environment surrounding fishery products, challenges have emerged, including a decline in fish catches, imbalanced market conditions, and unsold products due to suddenly worsened weather conditions. It is more crucial than ever, from both an environmental and economic perspective, to address these social issues and provide fresh, savory fishery products without waste. Through our investment in UUUO, we look forward to providing new value to producers and consumers, and developing a sustainable food value chain together.

    ■Comments from Kazutomo Itakura, Chief Executive Officer of UUUO, inc.

    By combining Panasonic Corporation’s cold chain technology and solutions with our platform, we will achieve sustainable distribution in the fishing industry and accelerate business growth, further promoting our vision of “Bringing the riches of the ocean to your hometown.” Taking this opportunity, we will strive to deliver value to more individuals involved in fishery product distribution and contribute to the fishing industry.

    ■Overview of UUUO, inc.

    Company name

    UUUO, inc.

    Representative

    Kazutomo Itakura

    Address

    5th Floor, Otemachi Takahashi Building,2-1-6 Otemachi, Naka-ku, Hiroshima-shi, Hiroshima

    Establishment

    July 2016

    Business

    Planning, development, and operation of the “UUUO” fishery market connected by technology

    URL

    https://uuuo.co.jp/en

    About Panasonic Corporation
    Panasonic Corporation offers products and services for a variety of living environments, ranging from homes to stores to offices and cities. There are five businesses at the core of Panasonic Corporation: Living Appliances and Solutions Company, Heating & Ventilation A/C Company, Cold Chain Solutions Company, Electric Works Company and China and Northeast Asia Company. The operating company reported consolidated net sales of 3,494.4 billion yen for the year ended March 31, 2024. Panasonic Corporation is committed to fulfilling the mission of Life Tech & Ideas: For the wellbeing of people, society and the planet, and embraces the vision of becoming the best partner of your life with human-centric technology and innovation. Learn more about Panasonic: https://www.panasonic.com/global/about.html

    MIL OSI Economics –

  • MIL-OSI China: Chinese children’s books foster cultural exchanges through stories

    Source: China State Council Information Office 3

    The 62nd Bologna Children’s Book Fair (BCBF) has once again brought together the global children’s publishing community, attracting more than 1,500 exhibitors from over 90 countries and regions.

    As one of the most influential events in the professional publishing calendar, this year’s fair — held from March 31 to April 3 — is expected to draw over 20,000 industry visitors. Among the key highlights, Chinese children’s books stood out for their cultural richness, creative storytelling, and growing appeal in international markets.

    Led by China National Publications Import & Export (Group) Corporation, the Chinese delegation brought together more than 40 prominent publishers, offering a wide selection of titles ranging from picture books and children’s literature to science education. At the center of the exhibition hall, the China Pavilion’s “Premium Chinese Children’s Books” section featured acclaimed original works, including popular properties such as Ne Zha.

    “Children’s books serve as an important window for the world to understand Chinese culture,” said Elena Pasoli, director of the Bologna Children’s Book Fair. She noted the increasing global attention Chinese books have received in recent years due to their diverse content, innovative formats, and cultural depth.

    This year, China’s presence at the fair was particularly strong. Many publishers introduced new titles and engaged in rights negotiations aimed at broadening their global footprint. Among the most anticipated projects was Let’s Retrace the Silk Roads, a science-themed picture book co-developed by Beijing Step By Step International Publishing Co. Ltd and UNESCO. Through engaging narratives and vivid illustrations, the series brings to life the cultural exchanges, historical transformations, and folklore of the ancient Silk Road.

    “The Silk Road is more than just an ancient trade route; it symbolizes cultural fusion,” said Mehrdad Shabahang, head of the UNESCO Silk Roads Programme. “We hope these stories will help children worldwide appreciate the diversity of civilizations and the value of mutual respect.”

    Fan Liang, chairman of Step By Step Publishing, said the book series has already been translated into five languages and published in multiple countries. Following its debut at Bologna, four more international publishers have expressed interest in acquiring the rights.

    Beyond book exhibitions, the fair continues to serve as a vital platform for industry dialogue. Key topics this year included the so-called “reading crisis,” the impact of artificial intelligence, and the future of sustainable publishing.

    Children’s book markets around the world are grappling with major challenges. According to the Italian Publishers Association (AIE), sales of children’s and young adult books in Italy totaled 258.2 million euros (286.91 million U.S. dollars) in 2024 — a decline for the first time since 2020. The data also showed that 74 percent of Italian children aged 0-14 read fewer than six printed books per year, while four percent do not read at all. Screen time on digital devices now triples the time spent reading.

    In Britain, The Bookseller magazine reported that teen reading frequency has fallen to its lowest level in two decades, as digital entertainment continues to compete for young readers’ attention. At the same time, artificial intelligence is reshaping the publishing landscape, influencing both illustration and production models.

    In response to these trends, Chinese publishers are actively exploring new approaches — from cross-border collaborations to digital innovation. Phoenix Publishing and Media Group set up an independent booth at the fair, presenting key titles such as The Three-Body Problem graphic novel, Moving Dinosaurs pop-up book, and the Loving Bridge picture book series. The company also launched the “Oriental Doll Original Picture Book Award,” inviting global submissions to foster creative exchange.

    On the evening of March 31, China received further recognition as the Bologna Children’s Book Fair awarded the Bologna Prize for Best Children’s Publishers of the Year to Chinese publisher Everafter Books. The honor marks a significant milestone for China’s growing influence in international publishing.

    “China’s publishing industry still has vast potential in global markets,” said Zhang Mingzhou, former president of the International Board on Books for Young People. “To succeed, we must deepen our understanding of global readers and refine our storytelling approaches.”

    Former Italian Ambassador to China Alberto Bradanini underscored the importance of children’s books in promoting intercultural understanding. “Investing in children’s development is investing in the future,” he told Xinhua, adding that Chinese children’s books are playing an increasingly vital role in global cultural exchange. 

    MIL OSI China News –

  • MIL-OSI: Subsea7 awarded contract in the US

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 4 April 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today the award of a sizeable1 contract by Shell Offshore Inc. for the Sparta deepwater development in the US.

    The project involves the transportation and installation of a floating production system (FPS) at Garden Banks block 959, which is located off the southeastern coast of Louisiana at water depths of up to 1,635 metres. 

    Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations expected to start in 2027.

    Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico, said, “We are proud to continue our collaboration with Shell in the US, building on past projects, including the recent Vito development. We look forward to playing a key role in the successful delivery of the Sparta project.” 

    1. Subsea7 defines a sizeable contract as being between $50 million and $150 million.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Ashley Shearer
    Communications Manager
    Tel +1 713 300 6792
    ashley.shearer@subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 4 April 2025 at 08:00 CET.

    Attachment

    The MIL Network –

  • MIL-OSI: NOTICE OF ANNUAL GENERAL MEETING OF JLT MOBILE COMPUTERS

    Source: GlobeNewswire (MIL-OSI)

    The shareholders of JLT Mobile Computers AB (publ) are hereby invited to the Annual General Meeting on Wednesday, May 7, 2025, at 4:00 pm at PM & Vänner Hotel, Västergatan 10 in Växjö, Sweden.

    RIGHT TO PARTICIPATE 

    The right to participate in the meeting is granted to those who are registered as shareholders in the share register maintained by Euroclear Sweden AB as of Monday, April 28, 2025, and who have notified their intention to participate no later than Wednesday, April 30, 2025.

    Shareholders who have their shares registered in the name of a nominee, through a bank or other nominee, must re-register the shares in their own name to have the right to participate in the meeting. Such re-registration (so-called voting rights registration), which may be temporary, must be completed by Monday, April 28, 2025, which means that shareholders wishing such re-registration must notify the nominee well in advance of this date. Voting rights registrations completed no later than April 30, 2025, will be considered in the preparation of the share register.

    The company has a total of 28,712,000 shares and votes. The company holds no own shares.

    NOTIFICATION OF PARTICIPATION

    Notification can be made in writing to JLT Mobile Computers AB (publ), Isbjörnsvägen 3, 352 45 Växjö (mark the envelope “Annual General Meeting”), via email to rebecka.johansson@jltmobile.com, or by phone at 0470-53 03 00 (weekdays 9:00–16:00). The notification should include the name, personal ID number or organization number, number of shares, daytime phone number, and, if applicable, the number of assistants (maximum two) intended to accompany the shareholder at the meeting. If a shareholder intends to be represented by a proxy, the power of attorney and other authorization documents should be attached to the notification. Proxy forms are available on the company’s website, www.jltmobile.com/investor-relations, and can also be ordered from the company at the above address.

    PROPOSED AGENDA

    1. Opening of the meeting
    2. Election of chairman of the meeting
    3. Preparation and approval of the voting list
    4. Approval of the agenda for the meeting
    5. Election of one or two adjusters
    6. Determination of whether the meeting has been duly convened
    7. Presentation of the annual report and auditor’s report as well as the consolidated financial statements and consolidated auditor’s report
    8. Resolutions on:
      a) Adoption of the income statement and balance sheet as well as the consolidated income statement and consolidated balance sheet
      b) Appropriation of the company’s profit according to the adopted balance sheet
      c) Discharge from liability for the board members and the CEO
    9. Determination of the number of board members and deputy board members as well as auditors and deputy auditors
    10. Determination of fees for the board and the auditor
    11. Election of the board and auditor
    12. Proposal for resolution on the nomination committee
    13. The board’s proposal for resolution on authorization to issue shares
    14. Closing of the meeting

    DIVIDEND (ITEM 8b)

    The board proposes that no dividend be paid for the financial year 2024 and that the company’s profit be carried forward.

    BOARD OF DIRECTORS AND AUDITOR ETC. (ITEMS 2, 9-11) 

    The company’s nomination committee, consisting of Emil Hjalmarsson (AB Grenspecialisten), chairman, Jan Olofsson (own holding), and Wilhelm Gruvberg (Alcur Fonder), proposes:

    • that Ola Blomberg be elected chairman of the meeting,
    • that the board consists of six members without deputies,
    • that the company has one auditor without deputies,
    • that the board’s remuneration be set at a total of SEK 700,000, of which SEK 200,000 to the chairman of the board and SEK 100,000 each to the other members,
    • that the auditor’s fee be paid according to an approved invoice,
    • that the board members Ola Blomberg, Jan Sjöwall, Jessica Svenmar, Per Ädelroth, and Karl Hill be re-elected and that Tommy Svensson be newly elected as a board member for the period until the end of the next annual general meeting,
    • that Ola Blomberg be re-elected as chairman of the board, and
    • that Luminor Revision AB be elected as the company’s auditor for the period until the end of the next annual general meeting, with Tommy Jonasson intended to be the principal auditor.

    Information about the board member proposed for new election

    Tommy Svensson has extensive experience in board work and corporate management through strategic work, corporate governance, and leadership in both international and national environments. Tommy Svensson has solid business and financial knowledge through his background as CFO for companies in both private equity and public environments. Tommy is currently the CEO of TSS Consult & Invest AB and holds a bachelor’s degree in Business Administration and Auditing.

    Tommy Svensson’s previous experience includes roles such as CFO for Johbeco AB, Hemtex AB, KappAhl AB, Vårdapoteket i Norden AB, Jetshop AB, among others. Additionally, he has acted as an advisor to several companies and in acquisitions and mergers in the Nordic market. Tommy Svensson has completed board training and has held several board assignments over the past 20 years.

    Tommy Svensson holds 1,516,000 shares in the company.

    NOMINATION COMMITTEE (ITEM 12) 
    The company’s major shareholders propose that the company have a nomination committee consisting of three members, with one member appointed by each of the three largest shareholders in the company. The chairman of the nomination committee shall, unless the members agree otherwise, be the member appointed by the largest shareholder. The nomination committee shall have the opportunity to co-opt the chairman of the company’s board.

    The nomination committee shall, ahead of the Annual General Meeting 2026, be constituted based on shareholder statistics as of the last banking day in September 2025 and other shareholder information available to the company at that time. The chairman of the company’s board shall convene an inaugural meeting for the nomination committee when shareholder statistics are available. If, during the nomination committee’s mandate period, one or more of the shareholders who appointed members to the nomination committee no longer belong to the three largest shareholders, the members appointed by these shareholders shall resign, and new shareholders in order of size shall be offered the opportunity to appoint members, however, only three shareholders in order of size need to be consulted.

    Unless special reasons exist, no changes shall be made to the composition of the nomination committee if only marginal changes in voting rights have occurred or if the change occurs later than three months before the Annual General Meeting.

    The majority of the nomination committee members shall be independent in relation to the company and the company management. The CEO or other person from the company management shall not be a member of the nomination committee. At least one of the nomination committee members shall be independent in relation to the largest shareholder or group of shareholders acting in concert regarding the company’s management. Board members shall not constitute a majority of the nomination committee members. If more than one board member is included in the nomination committee, at most one of them may be dependent in relation to the company’s major shareholders.

    No remuneration shall be paid to the nomination committee members. If necessary, the company shall cover reasonable costs for external consultants deemed necessary by the nomination committee to fulfill its assignment.

    The composition of the nomination committee shall be announced through a separate press release as soon as the nomination committee is appointed and no later than six months before the Annual General Meeting. The information shall also be available on the company’s website, where it shall also be stated how shareholders can submit proposals to the nomination committee. The nomination committee shall prepare proposals on the following matters to be presented to the Annual General Meeting 2025 for resolution:

    • proposal for chairman of the meeting;
    • proposal for the board;
    • proposal for chairman of the board;
    • proposal for remuneration and other compensation for board assignments to each of the board members and compensation for committee work;
    • proposal for auditor;
    • proposal for remuneration to the company’s auditor; and
    • proposal for instructions for the nomination committee ahead of the Annual General Meeting 2027.

    AUTHORIZATION TO ISSUE SHARES (ITEM 13)

    The board proposes that the board be authorized, until the next Annual General Meeting, on one or more occasions, to decide on the issuance of up to 2,871,200 shares, which corresponds to 10 percent of the number of shares in the company as of the date of the Annual General Meeting. The board shall have the right to decide on deviations from the shareholders’ preferential rights and provisions regarding non-cash issues, set-off issues, or other conditions. The issue price for the new shares shall be determined based on the market price of the share at the respective issue occasion.

    The purpose of the authorization and the reason for the possible deviation from the shareholders’ preferential rights is to enable the company to appropriately raise capital for financing its operations and for carrying out corporate acquisitions. The CEO is authorized to make formal adjustments to the decision that may be necessary in connection with its registration.

    DOCUMENTATION ETC. 

    The annual report and other decision-making materials are available at the company and on the company’s website, www.jltmobile.com, no later than three weeks before the meeting and will be sent to shareholders who request it and provide their postal address.

    Shareholders are reminded of their right to request information according to Chapter 7, Section 32 of the Swedish Companies Act.

    For information on how your personal data is processed, see Euroclear’s Privacy Policy.
    Privacy-notice-bolagsstammor-engelska.pdf If you have any questions regarding our processing of personal data, you can contact us via email at info@jltmobile.com

    The company’s organization number is 556239-4071 and headquarter is based in Växjö, Sweden.

    Växjö April 2025
    The board directors of JLT Mobile computers AB (publ)

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    The MIL Network –

  • MIL-OSI: Indosuez Wealth Management plans to acquire Banque Thaler

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Geneva / Paris / Brussels, 4 April 2025

    Indosuez Wealth Management plans to acquire Banque Thaler

    Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, has announced that its entity in Switzerland has signed an agreement to purchase the entire capital of Banque Thaler, a Swiss banking institution recognised for the excellence of its services and its long-term expertise in wealth management.

    This acquisition is fully in line with Indosuez Wealth Management’s development strategy, strengthening its position in the Swiss market, the global hub for wealth management, where Indosuez has been present since 1876. Banque Thaler, founded in 1982, is renowned for the excellence of its services and its long-term expertise in wealth management.

    With this acquisition, Banque Thaler and Indosuez clients will have access to a broader range of products and expertise. In particular, Banque Thaler’s clients will be able to benefit from the Group’s solidity, its international network and its multiple capabilities in financing, corporate finance, fund servicing and asset management.

    For Jacques Prost, Chief Executive Officer of Indosuez Wealth Management: “This acquisition strengthens our position in Switzerland and illustrates our determination to provide our clients with solutions that are increasingly tailored to their needs. Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is now a major stakeholder in wealth management in Europe.” Marc-André Poirier, Chief Executive Officer of Indosuez in Switzerland, adds: “We are delighted to welcome Banque Thaler. Following record revenue in 2024, this acquisition will bring our assets under management to nearly €50 billion1. We will work with Banque Thaler’s teams to make this acquisition a success for both clients and employees.”

    Dirk Eelbode, Chief Executive Officer of Banque Thaler: “Indosuez Wealth Management in Switzerland is the ideal partner for Banque Thaler. What our management can offer will not only be maintained but enhanced thanks to the substantial resources made available by a major banking group with exceptional financial strength. This can only benefit our clients. At Indosuez we also find the entrepreneurial spirit that characterises Banque Thaler, and this is a great opportunity for all our employees to join an ambitious growth project. These are all positives that will contribute to our continued goal of being the leading player in Switzerland for our clients.”

    The finalisation of the transaction remains subject to the prior approval of the relevant supervisory authorities, and is expected to be completed in the second half of 2025. This acquisition would bring Indosuez Wealth Management’s total assets under management to nearly €220 billion.
    The impact on Crédit Agricole S.A.’s CET1 ratio would be limited.

    ****

    Indosuez Wealth Management contacts

    Indosuez Wealth Management: Jenny Sensiau I jenny.sensiau@ca-indosuez.com I +33 7 86 22 15 24 
    Indosuez Wealth Management: Melinda Raverdy | melinda.raverdy@ca-indosuez.ch | +41 79 258 7829

    About Indosuez Wealth Management

    Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole Group, the world’s 9th largest bank by balance sheet (The Banker 2024).

    For over 150 years, Indosuez Wealth Management has been helping major private clients, families, entrepreneurs and professional investors to manage their private and professional assets. The bank offers a customised approach enabling each of its clients to preserve and develop their wealth in line with their aspirations. Its teams offer a continuum of services and products including Advisory & Financing, Investment Solutions, Fund Servicing & Technology and Banking Solutions.

    Indosuez Wealth Management employs more than 4,500 people in 16 territories around the world: in Europe (Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office).

    With €215 billion in client assets at the end of December 2024, Indosuez Wealth Management is one of Europe’s leading wealth management companies.

    Find out more at https://ca-indosuez.com/.

    About Indosuez in Switzerland

    Indosuez Wealth Management is one of Switzerland’s leading financial institutions, and is now one of the country’s top three foreign banks.
    The bank in Switzerland handles wealth management, transactional commodity financing and commercial banking. Its roots date back to 1876, when it was established in Geneva. Its teams include more than 800 specialists based in Geneva, Lugano and Zurich, as well as in Asia (Hong Kong and Singapore) and in the Middle East (Abu Dhabi and Dubai). They combine their knowledge of the local environment with the extensive expertise and scope for action of the global network of Indosuez, Crédit Agricole CIB and the Crédit Agricole Group.

    The Swiss platform is in charge of developing Indosuez Wealth Management’s activities in Switzerland, the Middle East and Asia.

    Find out more at www.ca-indosuez.com and at https://switzerland.ca-indosuez.com/

    About Banque Thaler
    Banque Thaler is a Swiss wealth management bank that became independent in 1999 and is mainly owned by its directors. Throughout its existence, it has stood out for its focus on a targeted client base and on its discretionary management services. Serving families and entrepreneurs, its management is based on dynamic asset allocation by integrating solid expertise in selecting alternative funds and private equity. The bank has offices in Geneva and Zurich.

    https://banquethaler.ch/

    1 For CA Indosuez (Switzerland) SA – Pro forma to date

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    The MIL Network –

  • MIL-OSI: SCOR SE placed under examination for facts alleged against its former chairman

    Source: GlobeNewswire (MIL-OSI)

    Press release
    4 April 2025 – N° 06

    SCOR SE placed under examination for facts alleged against its former chairman 

    SCOR SE has been placed under examination as a legal entity in connection with a judicial investigation in France related to facts attributed to an association which allegedly attempted to obstruct the acquisition of Partner Re by the Covéa group in 2022.

    SCOR SE has been placed under examination because of the alleged personal involvement of Denis Kessler in some of these facts, at a time when he was no longer SCOR SE’s legal representative, but the non-executive chairman of its board of directors.

    SCOR SE firmly denies having had any direct or indirect involvement in the acts of which this association is accused.

    This placement under examination in no way affects the Group’s ability to pursue its activities in the normal course of business.

    In any event, SCOR SE is presumed innocent, and vigorously denies any responsibility in connection with this matter.

    *

    *        *

    SCOR, a leading global reinsurer

    As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.

    The Group generated premiums of EUR 20.1 billion in 2024 and serves clients in more than 150 countries from its 37 offices worldwide.

    For more information, visit: www.scor.com

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    InvestorRelations@scor.com

    Follow us on LinkedIn
     

    All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com.

    Attachment

    The MIL Network –

  • MIL-OSI Security: 16 charged in sweeping Houston-based multimillion-dollar illegal gambling and money laundering conspiracy

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    “Operation Double Down” leads to seizure of over $16 million in currency, accounts, and assets, as well as arrest of illegal aliens

    HOUSTON – Several Houston-area residents are now in custody on various charges including conspiracy, operating illegal game rooms, bribery and money laundering in one of the largest ever law enforcement operations in the Southern District of Texas, announced U.S. Attorney Nicholas J. Ganjei.

    They are expected to make their initial appearances before U.S. Magistrate Judge Christina Bryan at 2 p.m.

    In addition to those indicted in the scheme, authorities also arrested 31 illegal aliens on various immigration and firearms charges during the operation April 2. One of those included an illegal alien who allegedly assaulted a law enforcement officer.

    The indictment, returned March 26 and unsealed upon the arrests, alleges Nizar Ali, 61, Richmond, and others allegedly conspired to own, operate or assist in the operation of illegal game rooms. All also conspired to conduct financial transactions to conceal and disguise the nature and source of the proceeds of the illegal gambling business, which totaled more than $22 million, according to the charges.

    More than 700 law enforcement officers from 18 agencies served a total of 45 search and 40 seizure warrants at locations throughout Houston and the surrounding area. The locations included 30 illegal game rooms with names such as El Portal and Yellow Building.

    During the operation, authorities recovered more than $4.5 million in cash as well as $5 million in property and vehicles, 2000 slot machines, 100 Rolex watches and eight firearms. Law enforcement also seized approximately $6.5 million from bank accounts and other financial institutions pursuant to the court-issued warrants.

    In addition to Ali, others taken into custody include Naeem Ali, 33, and Amer Khan, 68, both of Richmond; Ishan Dhuka, 33, and Sahil Karovalia, 32, both of Rosenberg; Sarfarez Maredia, 38, and Shoaib Maredia, 40, both of Sugar Land; Yolanda Figueroa, 40, Pasadena; Viviana Alvarado, 45, LaPorte; and Anabel Eloisa Guevarra, 46, Precela Solis, 27, Maria Delarosa, 53, Claudia Calderon, 37, and Lucia Hernandez, 34, all of Houston.

    Two others – Sayed Ali, 59, Richmond, and Stephanie Huerta, 35, Houston – are considered fugitives and warrants remain outstanding for their arrests.

    All are charged with conspiracy, operating an illegal gambling business and interstate travel in aid of racketeering which each carry possible prison terms of five years as well as conspiracy to commit money laundering which has a maximum 20-year possible prison term.

    Ali is also charged with 32 counts of federal program bribery for allegedly paying more than $500,000 to an undercover officer in an attempt to protect the illicit game rooms from law enforcement intervention. If convicted, he faces up to 10 more years in prison on each count.

    With the exception of the money laundering charge which has the possibility of a $500,000 maximum fine or twice the value of the property involved, the remaining counts carry a maximum $250,000 potential fine.

    Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) led the investigation along with IRS Criminal Investigation (CI) and the assistance of Houston Police Department (HPD); FBI; High Intensity Drug Trafficking Areas Program; Harris County Constable’s Office – Precinct One; Harris County District Attorney’s Office; Bureau of Alcohol, Tobacco, Firearms and Explosives; and Drug Enforcement Administration. Other agencies providing support include ICE – Enforcement and Removal Operations, Customs and Border Protection, sheriff’s offices in Harris and Montgomery Counties, Houston Fire Department, Texas Attorney General’s Office, Texas Department of Public Safety and police departments in Baytown and Pasadena.

    Assistant U.S. Attorneys S. Mark McIntyre, John Marck and Carolyn Ferko are prosecuting the case. Assistant U.S. Attorneys Brandon Fyffe and Tyler Foster are handling the seizure and forfeiture of assets.

    An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

  • MIL-OSI USA: THOMPSON, KELLY INTRODUCE BIPARTISAN MENTAL HEALTH RESEARCH ACCELERATOR ACT

    Source: United States House of Representatives – Congressman Mike Thompson Representing the 5th District of CALIFORNIA

    Washington – Ways and Means Tax Subcommittee Ranking Member Rep. Mike Thompson (CA-04) and Subcommittee Chairman Rep. Mike Kelly (PA-16) re-introduced the bipartisan Mental Health Research Accelerator Act to incentivize private companies with financial resources to collaborate with academic or nonprofit research institutions on neurological and mental health research to tackle the root causes of mental health conditions.

    “Investing in brain research is key to addressing the root causes of mental health conditions, not just managing the symptoms,” said Rep. Thompson. “Mental illness is often at the core of challenges like homelessness, substance abuse, and workplace struggles. Simply funding symptom management isn’t enough—we must get ahead of the problem by advancing research that can prevent these issues from arising in the first place. I’m proud to partner with Rep. Kelly to support this critical work and help drive meaningful progress.”

    “When it comes to addressing mental health access and care, we must utilize every tool in our toolbox,” Rep. Kelly said. “This new legislation allows us to make America’s tax system work for the American people by incentivizing research partnerships into brain health. I’m proud to work with my Ways and Means Committee colleague, Rep. Mike Thompson, on this vital legislation.”

    “Today, more than 60 million Americans suffer from a mental illness. Recent work by Price Water House Coopers estimated that the economic burden of mental illness was more than $1 trillion annually, not counting the value of human life associated with the almost 50,000 deaths by suicide. Research from the pharmaceutical industry has moved away from mental illness drugs because of the cost and risks involved. H.R. 2085 will provide necessary economic incentives for industry to partner with research universities across our country to engage in public-private partnerships that will have the potential to find new drugs and treatments but also to provide new jobs. This is a non-partisan issue and merits the support of everyone,” said Garen Staglin, Founder of the One Mind Foundation.

    BACKGROUND

    The Mental Health Research Accelerator Act provides $10 billion in allocable tax credits over a six-year period. The credits are available to nonprofits, state and local agencies, and private companies who collaborate on neurological research.

    Because of the high cost of neurological research, and the challenges in producing market-viable products, there is not enough investment in cutting edge neurological research. The credit is capped at 25 percent of allowable expenses and is a competitive credit to be allocated based on merit, as determined by the Treasury Department. Any credits not allocated by the end of the window are simply deemed moot and returned to Treasury unless the credit is extended by Congress.

    Read the full text of the bill here.

    MIL OSI USA News –

  • MIL-OSI: Codeproof Technologies Unveils chatMDM: The World’s First Conversational AI for Mobile Device Management.

    Source: GlobeNewswire (MIL-OSI)

    Sunnyvale, April 04, 2025 (GLOBE NEWSWIRE) — Codeproof Technologies Inc., the go-to mobile security partner for small and midsize businesses (SMBs), today announced chatMDM – delivering enterprise-grade device management through an AI chatbot that works like natural texting.

    Why chatMDM Changes Everything

    Traditional MDM systems demand specialized training and involve cumbersome navigation. chatMDM breaks down these barriers by offering:

    • Type-to-Command: Simply type requests like “lock all Finance team devices” or “show apps on iPhone 12” to execute actions effortlessly.
    • Bulk Actions: Seamlessly manage thousands of devices with intuitive chat prompts for rebooting, wiping, messaging, and more.
    • Real-Time Insights: Instantly query critical information—battery levels, security status, installed apps, and more.
    • Role-Based Security: Benefit from enterprise-grade controls and comprehensive audit logs that ensure compliance with SOC 2, HIPAA, and GDPR.

    “chatMDM replaces complex menus and tabs with one text command – like giving every IT team an AI co-pilot for their device fleet,” said Satish Shetty, CEO of Codeproof Technologies. “What took 10 clicks now takes 10 seconds. For SMBs juggling limited staff and growing security needs, this isn’t just an upgrade – it’s survival.”

    Key Use Cases

    • Help Desks: Resolve employee device issues 3x faster with AI-guided troubleshooting.  For example, Resolve “My iPad won’t update” issues via chat.
    • Retail/Healthcare: Manage kiosks, tablets, and BYOD fleets hands-free.  For example, Push apps to all store tablets with a typed request.
    • IT Teams: Quickly isolate or datawipe compromised devices via chat.
    • Education: lock stolen student devices via SMS-like commands.

    Availability

    chatMDM launches today as a free upgrade for all Cyber Device Manager® customers. For additional details, please refer to the chatMDM User Guide.

    About Codeproof Technologies Inc.

    Codeproof Technologies is a Silicon Valley-based cybersecurity innovator specializing in AI-driven endpoint management. Our flagship platform, Cyber Device Manager®, simplifies mobile security for businesses of all sizes—combining enterprise-grade protection with intuitive controls. Trusted by 10,000+ organizations with strategic partnerships including T-Mobile, Verizon and Hyperion Partners, we’re redefining unified endpoint management for the conversational AI era.

    For more information about chatMDM or to request a demo, please contact sales@codeproof.com or 1.866.986.BYOD

    ————————————————————————————————————————————————————————-

    Codeproof® and Cyber Device Manager® are registered trademarks of Codeproof Technologies Inc. © 2025, All rights reserved.

    The MIL Network –

  • MIL-OSI Australia: Waverley man charged over fuel thefts

    Source: New South Wales Community and Justice

    Waverley man charged over fuel thefts

    Friday, 4 April 2025 – 2:18 pm.

    A man has been charged with 48 offences following an investigation into vehicle damage and fuel theft across Launceston.
    Between January and April this year, several vehicles were targeted. 
    Northern Criminal Investigation Branch today charged a 31-year-old Waverley man with 24 counts of stealing and 24 counts of injure property.
    He will appear in the Launceston Magistrates Court at a later date.
    Anyone with information should contact police on 131 444 or Crime Stoppers anonymously on 1800 333 000 or online at crimestopperstas.com.au

    MIL OSI News –

  • MIL-OSI USA: Grassley Honored by National Foreign Trade Council for Longtime Commitment to Pro-Growth Policies

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the tax-writing Senate Finance Committee, accepted the National Foreign Trade Council Foundation’s (NFTC) International Tax Award for his decades-long commitment to pro-growth tax policies.
    “I’m honored to be recognized for my work to grow our nation’s economy through international tax reform,” Grassley said. “During my time as chairman of the Senate Finance Committee, and still today as a senior member of the committee, I’ve approached tax writing as a way to bolster American businesses, increase wages and reinvest foreign earnings. I look forward to continuing my work to advance America-first tax policies, first and foremost by extending the 2017 Tax Cuts and Jobs Act.”
    “During Senator Grassley’s long career in the Senate, he has always been a champion of tax policies that drive economic growth,” said Anne Gordon, NFTC Vice President for International Tax Policy. “As Chairman of Senate Finance, he led efforts to simplify the tax code, reducing the Foreign Tax Credit baskets and creating a look-thru provision for U.S. subsidiaries, efforts which help streamline compliance and mitigate double taxation.”
    Grassley played a leading role in the 2017 Tax Cuts and Jobs Act and spearheaded the American Jobs Creation Act to simplify Foreign Tax Credits and increase American businesses’ competitiveness overseas. 
    Photos and a transcript of Grassley’s remarks upon accepting the award follow.

    Download photos HERE.
    Prepared Remarks by Senator Chuck Grassley of Iowa “National Foreign Trade Council Foundation’s International Tax Award” Wednesday, April 2, 2025
    It’s good to join you this evening. I’m honored to accept this award from a group of innovators and entrepreneurs who take risks everyday to grow our economy and prosperity for hard-working Americans.
    Around this time of year, a five-letter word in the English language strikes a chord among all Americans. And that word is TAXES. 
    One reason President Trump won re-election was his promise to renew the 2017 tax cuts. So, you’d think getting a bill to his desk to prevent the largest tax increase in U.S. history would be a no-brainer. 
    Unfortunately, this town is famous for gumming up the works, especially when it comes to taxes. 
    As a former chairman of the Senate Finance Committee, this isn’t my first tax rodeo. 
    Two decades ago, I worked with my friend Senator Baucus to enact the American Jobs Creation Act, which included the most significant reforms to our international tax rules in decades. We hammered out provisions to simplify Foreign Tax Credits and increase the competitiveness of American businesses overseas. 
    Corporate inversions were a hot topic at the time and gaining prevalence. Provisions were added to stem the tide. However, I always saw corporate inversions as a symptom of our outdated and uncompetitive corporate tax structure. What we needed was comprehensive tax reform.   
    That finally came with the enactment of the Tax Cuts and Jobs Act. 
    Our corporate tax rate, which had become the highest in the developed world, was lowered to bring it in-line with that of our major trading partners. Moreover, our international tax system was modernized to unlock offshore earnings and allow trillions to be brought back and invested here at home.  
    And you know how many corporate inversions we’ve seen since enactment of these reforms? 
    Zero! 
    So, as Congress buckles down to renew the Trump tax cuts, let’s learn from history. Increasing corporate taxes reduces our international competitiveness, incentivizes profit-shifting and stretches the tax gap. 
    During his first week back in office, I’m glad President Trump put out a fire the Biden administration started by surrendering U.S. taxing rights to global interests. You can be sure I’m working against discriminatory and unfair taxes on U.S. businesses and American workers.
    Now Congress must get to work and renew the 2017 tax cuts. Failure is not an option.  
    Thank you.
    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Crapo Statement on Analysis Showing Economic Impact of Permanently Extending Trump’s Tax Cuts

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Analysis shows pro-growth agenda fuels 3 percent GDP growth, $4 trillion in revenue

    Washington, D.C.–U.S. Senator Mike Crapo (R-Idaho), Chairman of the Senate Finance Committee, issued the following statement on an analysis from the Council of Economic Advisors (CEA) projecting that making the Trump Tax Cuts permanent—combined with other Trump Administration pro-growth policies—will yield an average growth of at least 3 percent per year over the next 10 years, resulting in more than $4 trillion of additional revenue during that period.

    “Certainty and stability in our tax code are critical for economic growth and activity,” said Crapo.  “This analysis correctly recognizes the full economic impact of permanently extending the Tax Cuts and Jobs Act (TCJA), implementing commonsense regulatory reform and reducing wasteful government spending.  President Trump’s pro-growth agenda will raise trillions of dollars in revenue, increasing prosperity and opportunity across all segments of the economy.”

    Key numbers from the CEA analysis (TCJA extension combined with other pro-growth policies):

    • 3.0 percent – annual real GDP growth rates over the next 10 years.
    • $4.1 trillion – additional revenue over the next 10 years relative to CBO projects that assume TCJA expires.
    • 3.3 to 3.8 percent – boost in short-run real GDP.
    • 2.6 to 3.2 percent – increase in long-run real GDP.
    • $2,100 to $3,300 – annual real wage increase per worker.
    • $4,000 to $5,000 – increase in median-income household take-home pay.
    • 4 million – full-time equivalent jobs saved.
    • $100 billion – investment in distressed communities.

    READ: CEA: The Economic Impact Of Extending Expiring Provisions Of The Tax Cuts And Jobs Act

    READ: FY 2025 Budget Resolution will Deliver Permanent Tax Relief, Spur Economic Growth and Restore Fiscal Order

    MIL OSI USA News –

  • MIL-OSI USA: Crapo Supports Dr. Oz as CMS Administrator

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–Today, the U.S. Senate confirmed Dr. Mehmet Oz to be Administrator of the Centers for Medicare & Medicaid Services (CMS) by a vote of 53-45.  In remarks delivered on the Senate Floor before the vote, U.S. Senate Finance Committee Chairman Mike Crapo (R-Idaho) called on his colleagues to support the nomination, emphasizing Dr. Oz’s years of experience as an acclaimed physician and strong desire to modernize CMS and encourage healthy lifestyles for all Americans.

    Click here or above to watch Crapo’s remarks

    As delivered:

    “I rise today to urge my colleagues to vote in favor of the motion to invoke cloture on Dr. Mehmet Oz, who is nominated to serve as Administrator of the Centers for Medicare and Medicaid Services (CMS).

    “The CMS Administrator is responsible for overseeing health care programs that cover tens of millions of Americans, including Medicare, Medicaid and the Children’s Health Insurance Program (CHIP).

    “At his hearing, Dr. Oz spoke strongly about his desire to modernize CMS and encourage a healthy lifestyle for all Americans.  His vision for treating the underlying causes of chronic disease and equipping providers with innovative technologies to serve patients will also be a much-needed sea change at CMS. 

    “I am confident that his years spent as a leading physician and public health advocate make him duly qualified to accomplish these goals, and I look forward to working with him, if confirmed. 

    “Dr. Oz also clearly met the standard of the Finance Committee’s arduous nomination process, and I thank him for the diligence and accessibility he displayed during the extensive meetings he had with Committee members and staff, in addition to responding to hundreds of questions for the record.

    “I strongly encourage my colleagues to join me in advancing this nomination.”

    MIL OSI USA News –