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Category: Finance

  • MIL-OSI: [Press Release] iliad SA launches a tender offer on its existing bonds maturing in April 2025 and June 2026 and intends to issue new Euro denominated senior unsecured green bonds  

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.

    Press release                                                                                

    Paris, October 21, 2024

    iliad SA launches a tender offer on its existing bonds maturing in April 2025 and June 2026 and intends to issue new Euro denominated senior unsecured green bonds

    iliad SA (the “Company“) announces today the launch of a tender offer on its €650,000,000 1.875 per cent. Bonds due 25 April 2025 (of which €303,600,000 is currently outstanding) (ISIN: FR0013331196) and its €650,000,000 2.375 per cent. Bonds due 17 June 2026 (of which €650,000,000 is currently outstanding) (ISIN: FR0013518420), admitted to trading on the Luxembourg Stock Exchange (the “Existing Bonds“) (the “Tender Offer“) and its intention to issue new Euro denominated senior unsecured green bonds (the “New Bonds“), subject to market conditions. The Tender Offer is subject to a maximum acceptance amount of €300,000,000 in principal amount subject to the Company’s right to increase or decrease such amount in its sole and absolute discretion.

    A mechanism of priority allocation in the New Bonds may be applied at the sole and absolute discretion of the Company for holders of the Existing Bonds who participate in the Tender Offer and who wish to subscribe to the New Bonds.

    The Tender Offer is being made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 21 October 2024. The Tender Offer is subject, among other conditions, to the settlement of the issuance of the New Bonds.

    The purpose of the Tender Offer is, amongst other things, to proactively manage the Company’s debt profile and to extend its average maturity.

    Disclaimer
    This press release does not constitute an offer to subscribe to the New Bonds or an invitation to participate in the Tender Offer in or from the United States or any other country or jurisdiction in which such offer would be unlawful under the applicable laws and regulations.

    This press release is not a prospectus for the purposes of the Regulation (EU) 2017/1129 (as amended, the “Prospectus Regulation”). This press release does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the Prospectus Regulation or otherwise There is no assurance that the Tender Offer will be completed or, if completed, as to the terms on which it is completed.

    The issue of the New Bonds is not a public offering in any country or jurisdiction, including in France, to any person other than qualified investors (as defined in article 2(e) of the Prospectus Regulation). Tenders of Existing Bonds for purchase pursuant to the Tender Offer from qualifying holders shall not be accepted in any circumstances where such offer or solicitation would be unlawful. iliad does not make any recommendation as to whether or not qualifying holders should participate in the Tender Offer.

    The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this press release comes should inform themselves about and observe any applicable legal and regulatory restrictions.

    The New Bonds will only be offered outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), subject to prevailing market and other conditions. The New Bonds have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in “Regulation S” under the Securities Act (each a “U.S. person”)) (the “U.S. Persons”) absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer relating to the New Bonds, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    The Tender Offer is not being made or offered and will not be made or offered directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email and other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of, or to owners of Existing Bonds who are located in the United States (as defined in Regulation S), or to, or for the account or benefit of, any U.S. persons and the Existing Bonds may not be tendered in the Tender Offer by any such use, means, instrumentality or facility from or within the United States, by persons located or resident in the United States or by U.S. persons.

    The New Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the “EEA”). For these purposes, a “retail investor” means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) a person who is not a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation.

    The New Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom. For these purposes, a “retail investor” means a person who is one (or more) of the following: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No. 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”); (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (as amended, the “FSMA”) and any rules or regulations made thereunder to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) a person who is not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA.

    In the United Kingdom, this press release is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 43(2) of the Financial Promotion Order or (iii) are other persons to whom it may lawfully be communicated (all such persons together being referred to as “Relevant Persons”). The issue of the New Bonds is only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the New Bonds will be directed only to Relevant Persons.

    MiFID II professionals/ECPs-only/ No PRIIPs KID – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail investors in EEA and in the United Kingdom.

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

    About the iliad Group

    Created in the early 1990s, the iliad Group is the inventor of the world’s first triple-play box and is now a major European telecoms player, standing out for its innovative, straightforward and attractive offerings. The Group is the parent of Free in France, iliad in Italy and Play in Poland, has over 18,200 employees serving more than 49.8 million subscribers, and generated €9.7 billion in revenues in the twelve months ended June 30, 2024. In France, the Group is an integrated Fixed and Mobile Ultra-Fast Broadband operator and had 22.9 million subscribers at end-June 2024 (15.3 million Mobile subscribers and 7.5 million Fixed-line subscribers). In Italy, where it launched its business in 2018 under the iliad brand, it is the country’s fourth-largest mobile operator and at end-June 2024 had nearly 11.3 million Mobile subscribers and 280,000 Fiber subscribers. In Poland, the Group is an integrated convergent operator, and at end-June 2024 had 13.3 million Mobile subscribers and nearly 2.1 million Fixed-line subscribers. In the second quarter of 2024, the iliad Group became Europe’s fifth-largest operator by number of retail Mobile subscribers (excluding M2M) and it remains the fifth-largest Fixed Broadband operator.

    Find out more at:

    http://www.iliad.fr/en

    Follow us on:

    X: @GroupeIliad
    LinkedIn: @Groupe iliad

    Contacts:

    Investor relations: ir@iliad.fr
    Press relations: presse@iliad.fr

    Attachment

    The MIL Network –

  • MIL-OSI Economics: ICC launches pioneering Principles for Sustainable Trade Finance developed with leading trade banks

    Source: International Chamber of Commerce

    Headline: ICC launches pioneering Principles for Sustainable Trade Finance developed with leading trade banks

    Existing sustainable finance frameworks often cannot be easily and objectively applied to many Trade Finance products due to their nature as a ‘flow’ product without delineated projects. The PSTF offer clear, transparent, and consistent guidelines to enable banks, corporates and investors to effectively channel capital towards sustainable and inclusive trade finance facilities while mitigating the risks associated with greenwashing.

    The PSTF contain four distinct sections:

    1. bespoke Principles for Green Trade Finance (PGTF),
    2. ICC guidance on Sustainability Linked Trade Finance,
    3. ICC guidance on Sustainability Linked Supply Chain Finance and
    4. ICC’s ambition for Social Trade Finance.

    Initiating industry-wide consultation

    The launch of the PSTF marks the commencement of an open consultation period. ICC invites all stakeholders within the trade finance industry to review the document and provide comments and feedback. This collaborative approach ensures that the principles are robust, practical, and reflective of the diverse needs and insights of industry participants.

    Following the consultation period, the PSTF will be finalised and officially released later this year, solidifying its role as a cornerstone in promoting sustainable trade finance globally.

    Online event and feedback opportunities

    To facilitate a deeper understanding of the PSTF and encourage active engagement, ICC will host an online launch event on 29 October 2024 at 13:00 CET. This session will feature a comprehensive walkthrough of the principles, followed by a 30-minute Q&A segment. Participants will have the opportunity to engage directly with the authors and contributors of the PSTF, fostering a dialogue that will shape the final version of the document.

    In addition, ICC is launching a survey designed to gather further insights and feedback from industry professionals.

    Engage and participate

    • Register for the online event: To join the online session on Tuesday 29 October, please register via this link.
    • Provide your feedback: Participate in the PSTF survey
    • Contact us: For more information on the Principles for Sustainable Trade Finance or to submit detailed comments, please reach out to:

    ICC would like to thank HSBC, Standard Chartered, Deutsche Bank, Santander, ING, CommerzBank and BCG for their substantial input into the creation of the principles.

    Read more about our work on sustainable trade and sustainable trade finance.

    MIL OSI Economics –

  • MIL-Evening Report: With reports of students abusing peers in primary schools, how can parents help keep their kids safe?

    Source: The Conversation (Au and NZ) – By Daryl Higgins, Professor & Director, Institute of Child Protection Studies, Australian Catholic University

    An ABC report on Monday revealed a concerning rise in peer-on-peer sexual abuse within Australian primary schools.

    Data on Victorian schools shows hundreds of such incidents were reported in 2022 and 2023, with many involving children under the age of ten.

    The Australian Child Maltreatment Study also showed rates of sexual abuse inflicted by peers has been increasing. Overall, 18.2% of participants aged 16 to 24 reported being sexually abused by a peer during their childhood, compared to 12.1% of those aged 45 years and over.

    Parents may be wondering how they can protect their children at school.

    One of the most effective tools parents have is open, regular and age-appropriate conversations with their kids.



    Read more:
    There are reports some students are making sexual moaning noises at school. Here’s how parents and teachers can respond

    Talk about boundaries and consent early

    What should you be talking about?

    It is crucial for parents to talk with their children about boundaries and consent from an early age. For younger children, this can be as simple as teaching them their body belongs to them and no one else has the right to touch them without permission. Asking if its OK for a hug, and respecting when children say “no” is a great start.

    When discussing consent, it is important to highlight consent is not just about saying “no”, but also recognising and respecting others’ boundaries.

    Peer relationships and trusted adults play a crucial role in a child’s life. Helping children identify adults they can trust if they need to talk about something is also very important. Peers are often the first to hear of concerns or are often the recipients of disclosures, so fostering healthy friendships and teaching children to report to trusted adults is crucial.

    Addressing peer pressure and secrecy

    Children may feel pressured by peers or may be told to keep certain behaviours secret.

    It is essential for parents to emphasise no matter who asks them to keep a secret, they should always share concerns or things they are unsure about with a trusted adult.

    Parents can reinforce the message that if someone tells them not to tell, it is a “red flag”.

    Children can often feel unsure or scared of whether what has happened is wrong. This is why encouraging openness and creating a nonjudgmental space for children to share is important.

    Discussing online safety

    Research shows exposure to harmful material, like pornography, is a contributing factor to inappropriate sexual behaviour among peers.

    Being aware of your child’s internet use and educating them on how to keep themselves safe online is crucial.

    What else can parents do?

    While conversations with your children are vital, parents can also take practical steps to ensure their child’s safety at school. These include:

    • familiarising yourself with school policies: understand the school’s procedures for reporting bullying, harassment and sexual abuse. Parents should ask about how teachers manage supervision during breaks or other occasions where children may be less well unsupervised

    • advocating for comprehensive sex education at your school: when parents are involved in sex education it leads to better outcomes for children. Check what your school covers in the curriculum. Ask about what supports are available to parents, and how you can be involved

    • getting involved in your child’s social world: knowing who your child’s friends are and staying connected with teachers can offer insight into troubling dynamics. Create opportunities for your child to talk about their friendships and school experiences regularly. And as they start navigating the digital world, it’s even more important to know who they are engaging with

    • teach assertiveness and confidence: find ways to empower your child to speak up for themselves when they are unsure, or something feels wrong. Don’t leave this up to a class teacher to deal with in respectful relationship education. At home, you can encourage assertiveness in expressing their preferences and boundaries. You can also model how to stand up to peer pressure. Children can learn and be encouraged to say simple phrases such as, “stop, I don’t like it” or “no, I don’t want to”.

    If there is a problem

    If you do come across an issue or problem, try and work with your school. Despite your distress, try not to be adversarial – rather pitch your conversation to the teacher or principal as “How can I help us work through this together?”

    Parental involvement in education, can reduce the risk of child sexual abuse. If parents and schools can work together, they are more likely to be effective in keeping children safe.

    Prevention requires vigilance, communication and support from both parents and schools. Parents play a crucial role in shaping their child’s understanding of what’s OK, what’s harmful, as well as boundaries, safety and consent.

    By having ongoing conversations, staying informed, and working with schools, parents are the first step to creating safety for children – and supporting them if something goes wrong.

    Daryl Higgins receives funding from the Australian Research Council, the National Health and Medical Research Council and a range of government departments, agencies, and service providers, including Bravehearts. He was a Chief Investigator on the Australian Child Maltreatment Study.

    Gabrielle works with the Australian Child Maltreatment Study (ACMS) team as part of her PhD Candidature. She has also previously worked for Bravehearts in various roles, including for the Turning Corners program, which provides support to young people who have displayed harmful sexual behaviours.

    – ref. With reports of students abusing peers in primary schools, how can parents help keep their kids safe? – https://theconversation.com/with-reports-of-students-abusing-peers-in-primary-schools-how-can-parents-help-keep-their-kids-safe-241786

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Africa: Nigeria: African Development Bank Approves $100 Million to Support Youth and Women-led Micro, Small and Medium Enterprises (MSME)

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

    ABIDJAN, Ivory Coast, October 21, 2024/APO Group/ —

    The African Development Bank (www.AfDB.org) has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth Entrepreneurship Investment Bank (YEIB) initiative.

    The Nigeria YEIB is a pioneering institution designed to foster economic growth and job creation in the country by acting as an ecosystem anchor and convener, bringing together relevant financial and non-financial stakeholders to collaborate more effectively in support of youth entrepreneurs.

    The Bank is leading the coordination among key Nigeria YEIB anchor investors and partners, including the Federal Government of Nigeria through the Ministry of Finance Incorporated, the Nigeria Sovereign Investment Authority (NSIA), and the Development Bank of Nigeria (DBN). The Bank Group’s $100 million investment will be bolstered by an additional $25 million from DBN and $5 million from NSIA.

    The project has two main pillars: establishing the YEIB Investment Management Company to oversee three special purpose vehicles – an Equity Investment Fund (EIF), an Ecosystem Development Fund (EDF), and a Credit Guarantee Facility (CGF) – and creating these vehicles to support youth and women-led businesses. The EIF will invest in early-stage and high-growth enterprises, while the EDF will provide grants for business development service providers and reimbursable grants to youth-led businesses. The CGF will offer risk mitigation to improve access to credit for SMEs, managed by the Development Bank of Nigeria’s subsidiary, Impact Credit Guarantee Limited.

    By de-risking young entrepreneurs and fostering talent, the Bank’s YEIB initiative aims to provide the patient capital and ecosystem support needed to turn ideas into sustainable businesses, offering a long-term solution to Africa’s youth unemployment crisis.

    The Nigeria YEIB project aims to create over 161,000 direct jobs, 40% of which will be for women, and 1.4 million indirect jobs, with 35% allocated to women. It will also support more than 38,000 youth-led enterprises through financial services, and an additional 38,000 through non-financial services, with at least 40 percent of beneficiaries being women.

    Following the approval, the Bank’s Director General for Nigeria, Dr Abdul Kamara, emphasised the transformative nature of the project. “This initiative will be a game-changer for Nigeria’s economy, addressing youth unemployment and closing gender gaps through targeted entrepreneurship support,” Kamara said.

    The Director of the Bank’s Financial Sector Development Department, Mr Ahmed Attout said, “The YEIB is a transformative initiative that moves beyond project-based approaches to systemic, institutional solutions for entrepreneurship development across all sectors. By positioning Nigerian youth entrepreneurs as a high-potential investment asset class, it brings together key stakeholders to unlock financial opportunities, open new avenues for public and private sector investors, and tackle the structural challenges facing young entrepreneurs.”

    The Nigeria YEIB project is the third to be approved, with efforts ongoing to establish YEIBs in several African countries. In July 2023, the Bank approved $16 million (http://apo-opa.co/3NEU25L) for the establishment of a YEIB in Liberia, and in May 2024, approved $43 million for a project in Ethiopia (http://apo-opa.co/3Ytx8Vg) that includes the design and establishment of the country’s YEIB.

    MIL OSI Africa –

  • MIL-OSI Africa: Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

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

    TOKYO, Japan, October 21, 2024/APO Group/ —

    The African Development Bank Group (www.AfDB.org) has celebrated the 30th anniversary of  the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan  in 1994.The initiative has contributed significantly to the development of Africa’s human capital, supporting over 100 transformational projects across various sectors.

    Presenting a commemorative publication on the trust fund at the Ministry of Finance in Tokyo on Wednesday, 16 October, Dr Akinwumi Adesina Adesina, African Development Bank Group President said the publication highlights three decades of successful collaboration and the impactful projects funded by the Policy and Human Resource Development Grant, as well as the critical role the grant has played in Africa’s socioeconomic development.

    Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024. In recent years, the trust fund has seen a notable increase in contributions, underscoring Japan’s renewed commitment to fostering a climate-smart, resilient, inclusive, and integrated Africa.

    Japan’s Vice Minister of Finance for International Affairs, Atsushi Mimura, said he was pleased the country’s partnership with the African Development Bank Group was going well. He pledged continued support, particularly for the African Development Fund, the private sector, and Japanese and African start-ups

    “We look forward to deepening Japan’s relationship with the African Development Bank,” he said.

    Mimura described the African Development Bank Group’s partnership with the World Bank’s plan to bring electricity to 300 million Africans (Mission 300) as a powerful narrative that draws attention to the continent’s energy needs.

    Adesina commended Japan for its strong support of the African Dev?

    elopment Fund, noting that the Fund has delivered impressive results. He sought the country’s support on a wide range of issues, including the 17th general replenishment of the African Development Fund, Mission 300 (http://apo-opa.co/3YcTfy2), Special Drawing Rights, the private sector, and start-ups, among others.

     “We thank the people of Japan for standing in solidarity with the people of Africa,” Adesina said.

    Since its establishment, the PHRDG has been a vehicle for Japan to share its expertise and experience in human resource development, empowering Africans to lead the transformation of their societies and economies. The grant has supported a wide range of projects aligned with Japan and the African Development Bank Group’s shared objective of human capital development. Officials said the projects have laid the groundwork for accelerated economic growth in Africa.

    In a foreword to the Policy and Human Resource Development Grant at 30 publication, Deputy Vice Minister of Finance for International Affairs Daiho Fujii, expressed Japan’s pride in celebrating the 30th anniversary of the PHRDG.

    “Japan is leading the international community’s efforts to overcome global challenges, particularly those affecting vulnerable populations. Through the PHRDG, we provide technical cooperation to develop the human resources that will drive Africa’s socioeconomic transformation. Our partnership with the African Development Bank Group is key to realizing a more resilient and prosperous Africa.”

    As the Policy and Human Resource Development Grant enters its fourth decade, the African Development Bank Group and Japan have expressed eagerness to expand their partnership. With six new projects in the 2024–2025 pipeline, including initiatives in higher education, debt management, and climate-smart agriculture, the trust fund remains a critical tool for delivering impact across Africa, officials said.

    Both parties pledged to continue to work hand in hand to unlock the potential of Africa’s human capital, fostering innovation and economic development for generations to come.

    Japan–Africa Dream Scholarship Program: Investing in the Future

    Among the most impactful PHRDG-funded initiatives is the Japan-Africa Dream Scholarship Program (JADS), launched in 2017. This program aims to develop Africa’s human capital by offering scholarships to high-achieving African students for master’s studies in fields such as agriculture, development economics, energy, and public health. To date, the program has awarded scholarships to 23 students from 10 African countries, two-thirds of whom are women.

    Graduates of the JADS program have gone on to make significant contributions to their home countries.  Alumni include Mary Yeboah Asantewaa from Ghana, who now works at SORA Technology in Accra, leveraging drone technology to control infectious diseases, and Glory Sibale from Malawi, who joined Tokyo’s Taiyo-Yuka recycling company, focusing on sustainable agricultural project management.

    As part of his mission to Japan, Adesina also met with Nobumitsu Hayashi, the Governor of the Japan Bank for International Cooperation, to expand collaboration in key areas, including agriculture, healthcare, energy access, support for youth entrepreneurs, critical minerals, and regional corridors.

    Later Wednesday, Adesina met with the leadership of the Association of African Economic and Development Japan, where both parties discussed potential collaborations for impactful projects. He continued with meetings with Kanetsugu Mike, Chairman of Mitsubishi UFJ Financial Group, and Ken Shibuya, Co-Chairman of the Global South Africa Committee of Keizai Doyukai (Japan Association of Corporate Executives).

    The African Development Bank president invited  business leaders to the 2024 Africa Investment Forum to be held in Rabat in December. Adesina also hosted representatives of the African diplomatic corps, development partners, and the private and public sectors, where they discussed leveraging co-creative relationships with Japanese companies and institutions.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Real estate programmes reaccredited by global professional body The MSc and MA Real Estate programmes at the University of Aberdeen’s Business School have been reaccredited by the sector’s leading professional development body.

    Source: University of Aberdeen

    The University is marking 50 years of delivering Real Estate degree programmes. Photo credit: ThirdmanThe MSc and MA Real Estate programmes at the University of Aberdeen’s Business School have been reaccredited by the sector’s leading professional development body.
    Now in its 50th year of delivering Real Estate degree programmes, the University has seen all eight courses reconfirmed as meeting a globally-recognised standard of surveying education by the Royal Institution of Chartered Surveyors (RICS).
    They are the MSc Real Estate, MSc Finance and Real Estate, MA (Hons) Real Estate, MA (Hons) Finance and Real Estate, MA (Hons) Business Management and Real Estate, MA (Hons) Economics and Real Estate, MA (Hons) Accountancy and Real Estate; and MA (Hons) International Business with Real Estate specialism.
    The panel consider a number of areas during the review process, including student experience, the quality of the programme content and teaching staff, access to resources and the relevance of the curriculum to industry.
    Fiona Stoddard, lecturer in real estate and director of student experience at the Business School, said: “We are delighted to have received our  reaccreditation from RICS, adding further confidence that our real estate programmes continue to meet the highest international standards and support students who wish to pursue a rewarding career in the sector.
    “Our graduates are able to seek employment in a range of surveying specialisms through our degree accreditations.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft enterprises held an environmental championship in the Kadosh forest park in Tuapse

    MILES AXLE Translation. Region: Russian Federation –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    RN-Tuapse Marine Terminal (part of the Commerce and Logistics Block of Rosneft Oil Company) organized the Championship in Sports Garbage Collection among the Company’s enterprises operating in the Tuapse District of Krasnodar Krai. About 150 volunteers took part in the environmental action to clean up the natural monument – Kiselev Rocks, including employees of the terminal, RN-Tuapse Oil Refinery, a branch of SIBINTEK Investment Company, RN-Uchet, as well as activists of the youth “Movement of the First”, students, environmentalists and concerned local residents.

    “RN-Tuapse Marine Terminal” and the Tuapse District Administration held a joint environmental campaign in the format of sports competitions for the third time. Teams of participants collected the maximum amount of household waste in the forest park for a time. Each team brought the collected bags to the judges’ site, where the judges determined the winners. Volunteers also sorted the waste for further recycling. The first place in the Championship was taken by the team of organizers – “RN-Tuapse Marine Terminal”, the second – “SIBINTEK”, the “bronze” was won by the “Movement of the First” team. The participants of the Championship collected more than 10 cubic meters of household waste, returning the pristine appearance of the natural area popular with tourists.

    The Kiselev Rock cleanup campaign is the oil workers’ contribution to the development of the environmental movement, as well as the involvement of the population in preserving the unique nature of Kuban, promoting sports and a healthy lifestyle.

    Preserving the environment for future generations is an integral part of Rosneft’s corporate culture and social policy. The company also pays attention to developing a healthy lifestyle culture and comprehensively supports sports.

    “RN-Tuapse Marine Terminal” in its activities is guided by high environmental standards of rational use of natural resources and preservation of a favorable environmental situation in the region of presence. Every year the enterprise participates in the “Earth Hour” and “Green Spring” campaigns, and also holds clean-up days, maintains the cleanliness of the road leading to the city beach of Tuapse. Such events not only help to preserve the unique nature of the Tuapse region, but also contribute to environmental education, popularization of an environmentally responsible lifestyle.

    Reference:

    Kiselev Rock is a natural monument that has become part of the protected Kadosh forest park, which occupies 300 hectares in the picturesque Tuapse region of Krasnodar Krai. The forest park is home to 30 species of trees and shrubs, 7 vines, 255 species of herbaceous plants, including rare orchids.

    Kiselev Rock is famous as the location where episodes of Leonid Gaidai’s film “The Diamond Arm” were filmed. Tourists visiting these places not only admire the beauty of nature, but also immerse themselves in the atmosphere of the famous film.

    Department of Information and Advertising of PJSC NK Rosneft October 21, 2024

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.rosneft.ru/press/nevs/item/220929/

    MIL OSI Russia News –

  • MIL-OSI: Golar LNG Limited – Q3 2024 results presentation

    Source: GlobeNewswire (MIL-OSI)

    Golar LNG’s 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at http://www.golarlng.com

    We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

    a. Listen-only live webcast link
    Go to the Investors, Results Centre section at http://www.golarlng.com and click on the link to “Webcast”. To listen to the conference call from the web, you need to have a sound card on your computer, but no special plug ins are required to access the webcast.  There is a “Help” link available on the webcast pages for anyone who may have issues accessing.

    b. Teleconference

    Conference call participants should register to obtain their dial in and passcode details. This process eliminates wait times when joining the call.

    When you log in, you can either dial in using the provided numbers and your unique PIN, or select the “Call me” option and type in your phone number to be instantly connected to the call. Use the following link to register.

    Please download the presentation material from http://www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

    If you are not able to listen at the time of the call, you can assess a replay of the event audio for a limited time on http://www.golarlng.com (Investors, Results Centre).

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

    The MIL Network –

  • MIL-OSI: Gilat to Report Third Quarter 2024 Results on Wednesday, November 13th

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, Oct. 21, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its third quarter 2024 financial results on Wednesday, November 13th, 2024.

    Conference Call and Webcast 
    Following the release, Adi Sfadia, Chief Executive Officer, and Gil Benyamini, Chief Financial Officer, will discuss Gilat’s third quarter 2024 results and business achievements and participate in a question and answer session: 

    Date:  Wednesday, November 13, 2024
    Start:  09:30 AM EST / 16:30 IST
    Dial-in: US: 1-888-407-2553
      International: +972-3-918-0609
       

    A simultaneous webcast of the conference call will be available on the Gilat website at http://www.gilat.com and through this link: https://veidan.activetrail.biz/gilatq3-2024

    The webcast will also be archived for a period of 30 days on the Company’s website and through the link above.

    About Gilat 
    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.

    Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://gilat.com/

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah and Iran; and other factors discussed under the heading “Risk Factors” in Gilat’s most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and Gilat undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer 
    hagayk@gilat.com

    Gilat Satellite Networks
    Mayrav Sher, Head of Finance and Investor Relations 
    MayravS@gilat.com

    The MIL Network –

  • MIL-OSI Security: Ex-Smyrna Detective Pleads Guilty to Child Sexual Exploitation Charge

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    WILMINGTON, Del. – David C. Weiss, U.S. Attorney for the District of Delaware, announced that Michael Kealty, a former detective with the Smyrna Police Department, pleaded guilty today to coercing and enticing a minor to engage in illicit sexual activity. The Honorable U.S. District Judge Richard G. Andrews accepted the plea.

    Kealty pleaded guilty to Coercion/Enticement of a Minor.  He will be sentenced on February 12, 2025, at 10 a.m. and faces a mandatory minimum term of 10 years in prison, and a maximum term of life in prison.  A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.

    U.S. Attorney Weiss stated, “As a police officer, Mr. Kealty took an oath to protect and serve. Instead of honoring that oath, he chose to prey upon the most vulnerable members of our community. Prosecuting these child exploitation cases will remain a priority for my office, and I commend the FBI’s diligence in investigating this case.”

    “Michael Kealty’s actions reveal a calculating and dangerous criminal. He repeatedly sought opportunities to target vulnerable minors and was committing the very crimes he was sworn to investigate as a police detective. Pursuing justice for victims of child exploitation is one of the FBI’s highest priorities,” says Special Agent in Charge William J. DelBagno of the FBI’s Baltimore Field Office. “FBI Baltimore’s Violent Crimes Against Children Task Force will continue to work with our partners to investigate these horrific acts and bring those responsible to justice.”

    This case was investigated by the FBI and Assistant U.S. Attorney Briana Knox is prosecuting the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the District of Delaware. Related court documents and information is located on the website of the District Court for the District of Delaware or on PACER.

    MIL Security OSI –

  • MIL-OSI Security: District Election Officer appointed to oversee election day complaints in the Southern District of Georgia

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    SAVANNAH, Ga.: Southern District of Georgia U.S. Attorney Jill E. Steinberg announced today that she has appointed a District Election Officer (DEO) to lead the efforts of the office in connection with the Justice Department’s nationwide Election Day Program for the upcoming Nov. 5, 2024, general election.

    The DEO is responsible for overseeing the district’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington.

    U.S. Attorney Steinberg said, “Every citizen must be able to vote without interference or discrimination and to have that vote counted in a fair and free election. Similarly, election officials and staff must be able to serve without being subject to unlawful threats of violence. The Department of Justice will always work tirelessly to protect the integrity of the election process.”

    The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

    Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input.  It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice.  The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).   

    U.S. Attorney Steinberg stated that, “The franchise is the cornerstone of American democracy. We all must ensure that those who are entitled to the franchise can exercise it if they choose, and that those who seek to corrupt it are brought to justice. In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, the DEO will be on duty in this District while the polls are open. The DEO can be reached by the public at the following telephone number, 912-201-2560, or by email at USAGAS.Election@usdoj.gov.”

    In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day.  The local FBI field office can be reached by the public at 770-216-3000.

    Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, DC by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

    U.S. Attorney Steinberg said, “Ensuring free and fair elections depends in large part on the assistance of the American electorate. It is important that those who have specific information about voting rights concerns or election fraud make that information available to the Department of Justice.”

    Please note, however, in the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency. 

    MIL Security OSI –

  • MIL-OSI USA: Governor Lamont Announces ‘Time to Own’ First-Time Homebuyer Assistance Program Reopens With the Support of $40 Million in Newly Released State Funding

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont, who serves as chairman of the State Bond Commission, today announced that the commission voted at its meeting this morning to approve an allocation of $40 million in state funding that will be used to reopen Connecticut’s popular Time To Own program to a new round of applicants.

    Established by Governor Lamont with the support of the state legislature, Time To Own provides down payment assistance to low and moderate-income, first-time homebuyers in Connecticut. Administered by the Connecticut Housing Finance Authority (CHFA) on behalf of the Connecticut Department of Housing, this program has already helped thousands of people in the state buy their first homes since launching in 2022.

    “Owning a home is a cornerstone of the American Dream, and programs like Time To Own are making it possible for more Connecticut residents to turn that dream into reality,” Governor Lamont said. “This new round of funding ensures that we can continue to provide the resources needed to help first-time homebuyers access affordable homeownership, build wealth, and invest in our state’s future.”

    Time To Own has been a critical tool in supporting first-time homebuyers as they navigate the challenges of purchasing a home. By providing forgivable loans for down payments and closing costs, the program has enabled individuals and families to achieve the dream of homeownership, fostering long-term financial stability and contributing to stronger communities.

    “The success of the Time To Own program speaks to its necessity in our current housing market,” Housing Commissioner Seila Mosquera-Bruno said. “By making homeownership more attainable, we are not only helping individuals and families achieve stability but also creating more inclusive and vibrant communities across Connecticut.”

    With the new funding, Time To Own is expected to support an even greater number of first-time homebuyers in the coming months. To date, the program has helped more than 4,800 homebuyers in 149 towns buy their first homes, more than half of whom are people of color. With the new funding allocation, Connecticut has invested $195 million in the program.

    “Time To Own has already changed the lives of thousands of homebuyers, and we are thrilled to be reopening the program with this additional funding,” CHFA Executive Director Nandini Natarajan said. “This is a crucial step in expanding access to homeownership, particularly for low- and moderate-income residents and people of color. We remain committed to ensuring that as many Connecticut residents as possible can take advantage of this opportunity to secure their futures through homeownership.”

    For more information on eligibility and how to apply for Time To Own, visit chfa.org/TimeToOwn.

     

    MIL OSI USA News –

  • MIL-OSI USA: Warren, Wyden, Blumenthal, Porter Call on DOJ to Prosecute Tax Prep Companies for Illegally Sharing Sensitive Personal and Financial Taxpayer Data

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    October 22, 2024

    Treasury, IRS assessment confirm 2023 Congressional investigation finding that companies broke the law by sharing sensitive data with Big Tech firms. 

    Tax prep companies potentially face billions of dollars in criminal liability. 

    “DOJ has the sole authority to enforce the criminal statute on behalf of the millions of taxpayers harmed by this unauthorized disclosure of their sensitive personal and financial data.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Chair of the Senate Committee on Finance, and Richard Blumenthal (D-Conn.), along with Representative Katie Porter (D-Calif.) wrote to the Department of Justice (DOJ) urging the investigation and prosecution of major tax preparation companies for illegally sharing protected and sensitive taxpayer information with Big Tech firms. 

    Last month, the Treasury Inspector General for Tax Administration (TIGTA) released an audit report confirming that four online tax preparation companies broke the law by sharing legally protected and sensitive taxpayer information with Big Tech firms without taxpayer consent.  Specifically, the report found that consent statements being used by the tax prep companies did not clearly identify the intended use of taxpayer data, a violation of Treasury regulations. The IRS agreed with TIGTA’s assessment. The report confirms November 2022 investigative reporting by the Markup and the results of a July 2023 Congressional investigation, led by Senator Warren, which found that the improper sharing of sensitive taxpayer personal and financial information by TaxSlayer, H&R Block, TaxAct, and Ramsey Solutions with Meta and Google appeared to be illegal. 

    Tax prep companies used pixels, computer code that tracks a user’s website activity, to obtain sensitive personal and financial information, including approximate income and refund amounts, for millions of taxpayers who filed their taxes online with these companies. Meta then used that information for advertising and to train its AI algorithm. 

    TIGTA conducted a detailed review of four tax preparation companies, and found that the companies did not obtain proper taxpayer consent for the release of their information. 

    “We write to urge you to investigate and prosecute the criminal behavior of major tax preparation companies identified in our investigation and confirmed by the Treasury Inspector General for Tax Administration and the Internal Revenue Service,” wrote the lawmakers. The penalties for these violations can include $1,000 per violation and up to 1 year in prison. TIGTA itself notes that it “reports potential criminal violations directly to the Department of Justice when TIGTA deems that it is appropriate to do so.” 

    The IRS recently announced the expansion of the highly successful Direct File program to 24 total states, making 30 million taxpayers eligible to file for free, securely, and directly with the IRS. However, many taxpayers still rely on private tax prep companies. 

    “Accountability for these tax preparation companies – who disclosed millions of taxpayers’ tax return data…is essential for protecting the rule of law and the privacy of taxpayers,” concluded the lawmakers. 

    Senator Warren has been at the forefront of holding tax prep firms and Big Tech accountable for their behavior, and pushed for an easy and free IRS Drect File program:

    • In May 2024, Senators Elizabeth Warren and Tom Carper (D-Del.), along with Representatives Don Beyer (D-Va.), Katie Porter (D-Calif.), and Brad Sherman (D-Calif.) led over 130 lawmakers in sending a letter to the Secretary of the Treasury Janet Yellen and IRS Commissioner Daniel Werfel, applauding the successful pilot of the Direct File program, and urging them to make it permanent and expand its functionality and scope.
    • In June 2023, Senators Elizabeth Warren and Tom Carper (D-Del.), along with Representatives Brad Sherman (D-Calif.), Katie Porter (D-Calif.), and Don Beyer (D-Va.) led a coalition of 99 Democratic lawmakers in sending a letter to IRS Commissioner Daniel Werfel and Deputy Treasury Secretary Adewale Adeyemo, applauding the IRS’ announcement of a pilot  of a free tax filing tool next year. 
    • In April 2023, Senators Elizabeth Warren and Tom Carper (D-Del.) led their colleagues in sending a letter to IRS Commissioner Daniel Werfel urging the agency to simplify the tax process and broaden access to free e-filing options.
    • In April 2023, at a hearing of the Senate Finance Committee, Senator Elizabeth Warren questioned IRS Commissioner Daniel Werfel about the IRS’s failed Free-File partnership with private tax preparation software companies and called on the agency to implement a direct E-File program that will be truly free and easy for millions of Americans. 
      • Commission Werfel agreed with Senator Warren that the gap between the 70% of taxpayers that Free File is supposed to serve and the 2% it actually does is “massive.”  When Senator Warren pointed out that tax prep companies are instead pushing alternative services that should be free, are marketed as free, but are not, Commissioner Werfel also agreed that “the whole process needs to be improved,” that taxpayer rights have been violated, and the IRS has an obligation to make “the tax system easier for taxpayers to navigate.”
    • In March 2023, Senators Warren and Angus King (I-Maine) wrote a letter with 19 other senators to the Internal Revenue Service and Secretary Yellen expressing strong support for Secretary Yellen’s directive for the IRS not to raise audit rates for small businesses or households making under $400,000 annually. 
    • In December 2022, Senators Warren and Ron Wyden (D-Ore.), along with Representatives Katie Porter (D-Calif.) and Brad Sherman (D-Calif.) sent letters to tax preparation companies H&R Block, TaxAct, and TaxSlayer, plus big tech firms Meta, and Google, amid reports that the tax preparation companies have been secretly transmitting individual taxpayers’ sensitive financial information to Meta and Google.
    • In July 2022, Senator Elizabeth Warren led 22 of her colleagues in introducing the Tax Filing Simplification Act of 2022 to simplify the tax filing process for millions of Americans by lowering costs, eliminating red tape for all taxpayers, and saving them hours and hundreds of dollars. 
    • During an exchange of the United States Senate Finance Committee in June 2022, U.S. Treasury Secretary Janet Yellen agreed with Senator Elizabeth Warren on the need to create a free tax filing system that actually works for Americans.

    MIL OSI USA News –

  • MIL-OSI USA: McConnell Helps Secure Over $500,000 in Federal Funding for Workforce Development Facility in Western Kentucky

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) announced today the Delta Regional Authority (DRA) will award $509,000 to the Murray-Calloway Industrial Development Authority (MCIDA) through the States’ Economic Development Assistance Program. Today’s funding will support the development of a skills training and workforce development facility for underemployed and unemployed workers in the community, which will help boost the earning potential of program participants and address worker shortages in the region.

    This federal funding is made possible through a DRA assistance program, which is funded by the FY2023 government funding bill and the bipartisan Infrastructure Investment and Jobs Act.

    Senator McConnell, a senior member of the Senate Appropriations Committee, advocated for DRA funding in both the annual appropriations process and the Bipartisan Infrastructure Law. The Senator also wrote a letter to Dr. Corey Wiggins, Federal Co-Chair of the Delta Regional Authority, in support of this project.

    “Last year’s government funding bill, as well as the Bipartisan Infrastructure Law, provide big investments for Western Kentucky’s communities, including assistance for Murray and Calloway counties’ first workforce development facility. This project will help hardworking Kentuckians get back to work in their communities while addressing the growing needs of job creators in the Commonwealth. I was proud to support funding for this project and I’ll continue to do what I can to ensure federal resources go toward Kentucky’s communities that need them most,” said Senator McConnell.

    “MCIDA is thrilled to receive today’s award, which will allow our team to continue expanding this impactful workforce program through the construction of a permanent facility. Our community is thankful for Senator McConnell’s help in bringing home today’s federal grant, and we’re grateful for all he has done to support Western Kentucky over the years,” said Executive Director of the Murray-Calloway Industrial Development Authority Mark Manning.

    MIL OSI USA News –

  • MIL-OSI Africa: Afreximbank enters deal for EUR 245 million facility with New World Television (NWTV) for African sports broadcast rights acquisition

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

    ALGIERS, Algeria, October 22, 2024/APO Group/ —

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the signing of a EUR 245-million global facility with the New World Television (NWTV) network. The funding will part finance the network’s acquisition of media licensing rights for selected broadcasting sport copyrights from global media rights holders to permit broadcast across Africa.

    The facility agreement, signed on October 17, 2024, on the sidelines of the just concluded CANEX WKND 2024, covers broadcasting sport copyrights from the International Federation of Football Association (FIFA), Union of European Football Associations (UEFA), Confederation Africaine de Football (CAF), French Ligue and Spanish LaLiga.

    Granted within Afreximbank’s CANEX Financing Programme, under the Sports Development Framework of its Creative Economy Strategy which seeks to mitigate constraints to creative enterprise development and to stimulate intra- and extra-African export of creative products, the facility is expected to support the development of Africa’s sports value chain by placing the ownership of African sports content firmly in African hands.

    The deal signing was overseen by Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank and Mr. Louis Biyao, representative of the Chairman and Chief Executive Officer of NWTV.

    Speaking on the facility, Mrs. Awani said: “The import of this facility lies in the significant impact it will make in empowering African enterprises, particularly in the creative sector, to assume control of African sports. By taking control of these broadcasting rights, we will see the fostering of local content production, creation of job opportunities and strengthening of the continent’s competitive edge in the global market while promoting cultural identity and economic growth. Afreximbank is strongly committed to supporting African enterprises driving progress in the creative sector and this transaction is a testament to that commitment.” 

    On his part, Mr. Biyao commented: “It is a great honour for NWTV to benefit from such support, which allows it to streamline its transactions without the constraints related to currency exchanges. This agreement opens new opportunities for NWTV, guided by the motto ‘produced by Africans, for Africans in Africa,’ to offer premium content to a larger number of Africans. This is content that is accessible and closely aligned with their reality, at a very affordable cost.”

    He added: “NWTV aims to provide an innovative and accessible alternative in the African audiovisual landscape, broadcasting high-quality content in local languages, tailored to the expectations of African populations. This approach is fully in line with NWTV’s commitment to bringing audiovisual content closer to every African household.”

    The facility is expected to address the challenge of African sports being largely controlled by non-African networks and broadcasting houses, marking a strategic shift towards empowering African entities to take control of the broadcasts, celebrate local sports talent and showcase the richness of the continent’s sporting culture.

    It will also boost the development of the African television industry ecosystem by growing revenue opportunities for television stations that would now be able to add more content into their rotations and that would be able to sell more advertisement spaces, in addition to enabling NWTV to promote the diffusion of sports content in local languages. NWTV, which is currently able to develop broadcast content in seven local languages in 24 countries, is working on three additional languages to be deployed in 2024.

    The four-day CANEX WKND 2024, organised by Afreximbank was held from 16 – 19 October, under the theme “One People, United in Culture, Creating for the World” and was attended by almost 4,000 delegates representing a diversity of creative sectors from across Africa and the diaspora.

    CANEX WKND 2024 featured live performances, speeches by industry leaders and experts, masterclass sessions, sporting events, fashion shows, high energy music concerts and gastronomical showcases alongside a vibrant market and exhibition all aimed at advancing and expanding Africa’s unrivalled creative and cultural industries, with the aim of implementing pan-African measures that support the continent’s cultural sectors.

    MIL OSI Africa –

  • MIL-OSI Security: Nisichawayasihk Cree Nation — Update #4 – Nelson House RCMP continue investigation into the homicide of Rico Linklater

    Source: Royal Canadian Mounted Police

    October 21, 2024, marked the 3rd anniversary of the disappearance of 22-year-old Rico Linklater from Nisichawayasihk Cree Nation.

    Investigators with RCMP Major Crime Services continue to seek out public assistance as we know there are people out there that have crucial information that can help move this homicide investigation forward.

    Investigators are looking to speak with anyone who may have information related to the homicide of Rico Linklater to please contact the Nelson House RCMP at 204-484-2837, call Crime Stoppers anonymously at 1-800-222-8477, or secure tip online at http://www.manitobacrimestoppers.com.

    Nelson House RCMP, along with Major Crime Services, continue to investigate the homicide of Rico Linklater, who was last seen on October 21, 2021.

    Officers have been working diligently on this investigation to find answers for Rico’s family. Investigators have conducted over 175 interviews, canvassed the entire community and conducted extensive searches for Rico’s remains.

    This week RCMP Major Crime Services will be returning to Nisichawayasihk Cree Nation to further the investigation.

    Investigators are looking to speak with anyone who may have information related to Rico’s disappearance. If you have information please contact the Nelson House RCMP at 204-484-2837, call Crime Stoppers anonymously at 1-800-222-8477, or secure tip online at http://www.manitobacrimestoppers.com.

    Nelson House RCMP, along with Major Crime Services, continue to investigate the homicide of Rico Linklater, who was last seen one year ago today.

    In early September, the RCMP Underwater Recovery Team (URT) along with officers from RCMP Search and Rescue (SAR) attended to Nelson House to assist in furthering this investigation.

    Investigators are asking anyone who may have reached out before or may have new information, in relation to his disappearance, to contact the Nelson House RCMP at 204-484-2837, call Crime Stoppers anonymously at 1-800-222-8477, or secure tip online at http://www.manitobacrimestoppers.com.

    Nelson House RCMP, along with Major Crime Services, believe that the 22-year-old male, Rico Cody Linklater, who was reported missing on October 23, 2021, was the victim of a homicide.

    RCMP officers from the Nelson House Detachment, Major Crime Services, Search and Rescue and the Underwater Recovery Team will be in the Nelson House area from September 5 to September 10, 2022, to continue the investigation.

    Police are asking anyone who may have information, in relation to Rico Linklater’s disappearance, to call the Nelson House RCMP at 204-484-2837, call Crime Stoppers anonymously at 1-800-222-8477 or submit a secure tip online at http://www.manitobacrimestoppers.com.

    On October 23, 2021, at 6:40 pm, Nelson House RCMP received a report of a missing 22-year-old male.

    Rico Cody Linklater was last seen in the community in the early morning hours of Thursday, October 21. He is still believed to be in Nelson House although there is the possibility that he may have travelled to Thompson.

    Linklater is described as 6’0″, 160 lbs with a slim build, has black hair and brown eyes. He was last seen wearing grey pants, black sweater, brown Nike shoes and a grey baseball cap.

    Police are asking anyone with information to call the Nelson House RCMP at 204-484-2837, or call Manitoba Crime Stoppers at 1-800-222-8477. Secure online tips can also be made at http://www.manitobacrimestoppers.com.

    MIL Security OSI –

  • MIL-OSI: Banzai Regains Compliance with NASDAQ Minimum Bid Price Rule

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Oct. 22, 2024 (GLOBE NEWSWIRE) —  Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the “Rule”) for continued listing.

    To regain compliance with the Rule, the Company’s Class A common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days; on October 18, 2024, Nasdaq informed the Company it achieved compliance with such Rule. Therefore, the Nasdaq Listing Qualifications Staff considers the prior bid price deficiency matter now closed.

    About Banzai

    Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io/.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    http://www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network –

  • MIL-OSI Security: San Diego Physician and Medical Practice Pay $3.8 Million to Resolve False Claims Act Allegations

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    SAN DIEGO – Dr. Janette J. Gray of San Diego and her former medical practice, The Center for Health & Wellbeing in San Diego, have agreed to pay $3.8 million to settle allegations that they violated the False Claims Act by knowingly submitting false claims to the Medicare and TRICARE programs.

    Dr. Gray and The Center claimed to operate an “alternative,” “integrative,” and “holistic” clinic, which was staffed by medical doctors, nurse practitioners, naturopathic doctors, chiropractors, acupuncturists, and mental health professionals, along with ancillary medical and administrative staff. Dr. Gray and The Center promoted IV infusion therapy, hormone/supplement therapy, and a variety of other alternative treatments.

    The settlement resolves allegations that from 2012 to 2022, Dr. Gray and her practice billed Medicare and TRICARE for services that were not covered under either program by disguising the rendering provider, misrepresenting the services provided, “unbundling” services (by billing for a procedure or service in separate parts instead of a single code), or billing for services not medically necessary. In addition to paying $3.8 million to resolve the allegations, Dr. Gray will now be excluded from participating in Medicare, Medicaid, and all other Federal health care programs for five years.

    “There’s no price tag on the integrity of our healthcare system,” said U.S. Attorney Tara McGrath. “When a doctor engages in billing fraud, we will protect patients and taxpayers from deceit.”

    “The civil settlement holds Dr. Gray and her former medical practice accountable for questionable actions that circumvented the TRICARE billing guidelines and allowed them to receive payments for services that should not have been reimbursed by TRICARE, costing American taxpayers millions of dollars,” said Bryan D. Denny, Special Agent in Charge of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Western Field Office.  “DCIS and its partners will always aggressively investigate those who defraud TRICARE, because those deceptive actions ultimately harm those defending our country and their families.”

    “This investigation is proof that the FBI and its law enforcement partners remain committed to investigating and bringing to justice anyone who tries to violate the American health care system,” said FBI San Diego Acting Special Agent in Charge Houtan Moshrefi.

    The resolution obtained in this matter was the result of a coordinated effort between the U.S. Attorney’s Office for the Southern District of California; the United States Department of Health and Human Services, Office of Inspector General; DCIS; and the FBI. This matter was handled by Assistant U.S. Attorney Maritsa A. Flaherty.

    The resolution of this matter illustrates the government’s emphasis on combating healthcare fraud. One of the most powerful tools in this effort is the False Claims Act. Tips and complaints from all sources about potential fraud, waste, abuse, and mismanagement can be reported to the Department of Health and Human Services at 800-HHS-TIPS (800-447-8477).

    The claims resolved by the settlement are allegations only, and there has been no determination of liability.

    MIL Security OSI –

  • MIL-OSI Security: Debary Man Sentenced To Fifteen Months In Federal Prison For Dealing In Firearms Without A License

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

    Orlando, Florida – U.S. District Judge Wendy W. Berger has sentenced Brandon Eugene Brooke (30, Debary) to 15 months in federal prison for dealing in firearms without a license. Brooke entered a guilty plea on May 22, 2024.

    According to court documents, between April 14 and October 10, 2022, Brooke purchased 69 firearms from federally licensed firearms dealers (FFLs). Many of the firearms were identical and were purchased together or close in time to one another. On October 13, 2022, ATF agents questioned Brooke regarding his repeated purchases of identical firearms from FFLs. A search of Brooke’s phone revealed evidence of firearms dealing.

    Following the interview, ATF agents served Brooke with a “Warning Notice of Unlicensed Firearms Dealing in Violation of Federal Law.” In the Notice, Brooke was advised that his firearm transfers constituted dealing in firearms without a license. Brooke signed the Notice, acknowledging receipt, and was given a copy to retain. Following his acknowledgment of the Notice, Brooke continued to deal in firearms without a license, in violation of federal law.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the United States Postal Inspection Service, and Homeland Security Investigations. It was prosecuted by Assistant United States Attorney Noah P. Dorman.

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

    MIL Security OSI –

  • MIL-OSI Canada: Federal government launches programs to help small and medium-sized enterprises adopt and adapt artificial intelligence solutions

    Source: Government of Canada News (2)

    News release

    October 22, 2024 – Ottawa, Ontario

    Canada is a world leader in artificial intelligence (AI). Our vast AI ecosystem includes researchers, academics, entrepreneurs and more than 1,500 innovative companies, many of which are small or medium-sized enterprises (SME), serving a wide variety of economic sectors that include health, financial services and agriculture.

    Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, on behalf of the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the launch of two programs to grow Canada’s AI ecosystem by supporting the development of new generative AI applications and enabling AI adoption among SMEs to increase productivity. These programs are part of a $2.4 billion package of AI-focused initiatives announced in Budget 2024 to accelerate job growth, boost productivity and ensure AI is used responsibly.

    First, the Regional Artificial Intelligence Initiative (RAII) will invest $200 million to help bring new AI technologies to market and help accelerate AI adoption by SMEs and sectors across the country.

    Second, the AI Assist Program is investing $100 million to help innovative Canadian SMEs that are building or actively incorporating generative AI and deep learning solutions into their core products and services.

    On behalf of Minister Champagne, Deputy Prime Minister Freeland also thanked all the businesses, researchers and AI innovators who responded to the public consultation on artificial intelligence computing infrastructure, which closed in September. The consultations engaged more than 1,000 Canadians and Canadian businesses both online and in person through surveys, roundtables and meetings. This feedback is informing the design and implementation of two initiatives: the new AI Compute Access Fund and the Canadian AI Sovereign Compute Strategy.

    Quotes

    “Small and medium-sized businesses are the backbone of Canada’s AI ecosystem. The investments announced today are designed to serve as a catalyst for quicker AI adoption by this vital section of the economy, be a source of significant Canadian innovation, and enhance productivity and exports. The government will build on this with Canada’s first sovereign compute strategy that will reflect the voices of Canadians from coast to coast to coast.”
    – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

    “AI is not science fiction; it helps businesses get more done—like software that scans a piece of lumber to help a mill increase its yield. It will empower businesses across our region and help grow our economy.”
    – The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

    “Artificial intelligence is changing our world, and Quebec is on the cutting edge. With over 750 businesses specializing in AI, our province is among the top ten places in the world for AI investment and innovation. Today’s announcement builds on this success, helping small businesses across Quebec seize the opportunities presented by AI while creating good jobs in our communities.”
    – The Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions

    “Small and medium-sized businesses are the backbone of the prairie and northern economies. With the launch of the Regional Artificial Intelligence Initiative, delivered by PrairiesCan and CanNor, we’re helping businesses achieve their innovative goals and create well-paying jobs Canadians can rely on.”
    – The Honourable Dan Vandal, Minister of Northern Affairs and Minister responsible for Prairies Economic Development Canada and the Canadian Northern Economic Development Agency

    “Supporting innovation in Northern Ontario is critical to the long-term prosperity and growth of the region. The Regional AI Initiative, which will be delivered by FedNor in Northern Ontario, will support the development of this important sector; create good, stable jobs for years to come; and help grow an economy that works for everyone.”
    – The Honourable Patty Hajdu, Minister of Indigenous Services and Minister Responsible for the Economic Development Agency for Northern Ontario

    “Southern Ontario is home to future leaders in the AI sector. Our government is supporting them as they grow their businesses and develop new technologies that will lead to advancements in many industries. Together, we are keeping our place at the forefront of the world’s advanced economies, taking the necessary steps to enhance our digital solutions and creating skilled jobs for Canadians.”
    – The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario

    “Cutting-edge companies across Canada are developing and adopting AI technologies to increase productivity, drive innovation and attract investment. AI has the potential to transform industries in all regions and sectors of our country. The Government of Canada is committed to leadership in AI to ensure Canadian businesses have the resources they need to integrate this transformative technology and harness its benefits right now and for the future.”
    – The Honourable Harjit S. Sajjan, President of the King’s Privy Council for Canada, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada

    Quick facts

    • Budget 2024’s $2.4 billion investments in artificial intelligence (AI) include funding for sovereign compute (data centres) capacity, the creation of an AI safety institute, skills training and programs to encourage AI adoption across the Canadian economy.

    • Canada’s seven regional development agencies (RDA) will be delivering the $200 million Regional Artificial Intelligence Initiative (RAII) over the next five years. This funding will help bring new AI technologies to market and drive AI adoption by small and medium-sized enterprises (SME) and sectors across the country. For more information, including on how to apply, visit the RDAs’ websites.

    • Delivered by the National Research Council of Canada Industrial Research Assistance Program, the AI Assist Program is designed to help innovative Canadian SMEs navigate the challenges of developing and adapting generative AI and deep learning solutions and assist SMEs with awareness, planning and execution to develop these technologies safely and ethically.

    • It will do this by supporting scientific research, product development, testing and validation, building the next generation of AI technologies and applications for Canada and beyond.

    • The compute initiatives will enable Canada to secure its globally competitive position by ensuring that industry and researchers have access to affordable and cutting-edge infrastructure to support the growing AI ecosystem. 

    Associated links

    Contacts

    Audrey Milette
    Press Secretary
    Office of the Minister of Innovation, Science and Industry
    audrey.milette@ised-isde.gc.ca

    Media Relations
    Innovation, Science and Economic Development Canada
    media@ised-isde.gc.ca

    Media Relations
    National Research Council of Canada
    Toll free: 1-855-282-1637
    media@nrc-cnrc.gc.ca

    Stay connected

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    MIL OSI Canada News –

  • MIL-OSI USA: CONGRESSMAN JOE MORELLE TAKES ACTION TO ADDRESS CHILDCARE CRISIS, SUPPORT WORKING FAMILIES

    Source: United States House of Representatives – Congressman Joe Morelle (NY-25)

    Outlines legislation to lower the cost of childcare and ensure it is accessible for all parents

    October 22, 2024 (Rochester, N.Y.)—Today, Congressman Joe Morelle was joined by the YWCA of Rochester and Monroe County and the Children’s Agenda to announce legislation he supports to ensure quality, affordable childcare is accessible for all working families.

    “I hear every day from parents in our community who are struggling to find safe, reliable, accessible, and affordable childcare. This is a crisis, and we need decisive action to ease the burden on working families,” said Congressman Joe Morelle. “That’s why I’m leading the charge to enact legislation that will reduce the exorbitant cost of childcare, get more children into high-quality programs, and ease the burden on families. I look forward to continuing my work alongside organizations like The Children’s Agenda and the YWCA to support families in our community.”

    “Our commitment to advocating for quality, affordable childcare is unwavering,” said Dr. Myra Henry, President and CEO of YWCA of Rochester and Monroe County. “Access to reliable childcare is crucial for the stability and success for many of the families we serve. The ability to secure quality childcare and early education opportunities for mothers of young children in our programs is often a real struggle.  By supporting efforts to make childcare and early education accessible and affordable, we aim to build a stronger, more inclusive community where parents can be proud of the nurturing support they are providing for their children to thrive.”

    “Every day, families in our community are forced to make impossible choices between their jobs and their children’s care. Quality, affordable childcare should be a right, not a privilege,” said Stevie Vargas, Director of Campaigns & Organizing with The Children’s Agenda. “The legislation Congressman Morelle supports is a critical step toward ensuring all working families have access to the childcare they need to thrive. At The Children’s Agenda, we are committed to advocating for policies that prioritize children’s well-being and give parents the support they deserve. Together, we can create a future where no family is left struggling to find safe and reliable care.”

    Last July, Congressman Morelle warned of an impending “childcare cliff” and outlined immediate actions he supported to restore federal support for parents and childcare centers. Unfortunately, over the last 15 months, Republicans in Congress have ignored the needs of working families and refused to allocate the resources required for these programs, and the impacts of their negligence are being felt across the country.

    Last month, the Federal Reserve Bank of Chicago reported American families living below the poverty line spent more than one-quarter of their annual income on childcare, and the cost is only continuing to rise. In New York State, another report from the Century Foundation found the cost of childcare has increased by almost 50 percent since 2019, with the average price for an infant at a childcare center now hovering around $19,500 per year or $1,625 per month.

    Congressman Morelle has fought to address this crisis and bring down the cost of childcare by supporting the following legislation:

    • The Child Care for Working Families Act—legislation to help ensure universal access to high-quality childcare by mandating federal investment to establish and support a network of locally-run Child Care and Early Learning Centers and Family Child Care Homes and ensuring no one pays more than 7% of their income on childcare;
    • The After Hours Child Care Act—legislation to establish a pilot program and explore increasing the capacity of childcare providers to provide services to families in which a parent is working nontraditional work hours (e.g., before 9:00 a.m., after 5:00 p.m., or on a Saturday or Sunday);
    • The Child Care Investment Act—legislation to increase the employer-provided child care tax credit, the amount excludable from gross income for dependent care flexible spending accounts, and makes the household and dependent care tax credit refundable.

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Defense News: 2025 Young Investigators

    Source: United States Navy

    Today, the Office of Naval Research (ONR) celebrates the 40th year of its Young Investigator Program (YIP) by honoring the Class of 2025 YIP awardees.

    Approximately $18 million in funding will be shared by 24 university professors to conduct innovative scientific research that will benefit science and technology development for the Department of the Navy.

    “In order for ONR to bring innovative science and technology to the Sailors and Marines we have the privilege of serving, we must identify and attract the brightest scientists and engineers from around the nation,” said Chief of Naval Research Rear Adm. Kurt Rothenhaus. “The Young Investigator Program is crucial to that mission, and I am honored to announce the recipients for 2025.”

    The ONR YIP is a highly competitive program that attracts outstanding early-career academics in science, technology, engineering and mathematics to propose innovative solutions to Navy and Marine Corps warfighter challenges. Prior academic accomplishments and potential for significant scientific breakthroughs are key elements of the evaluation criteria. The 2025 YIP awardees were chosen from more than 230 applicants — all of whom are college and university tenure-track or equivalent faculty and who obtained a Ph.D. on or after Jan. 1, 2017.

    Awardees represent 19 academic institutions in 14 states, supporting a broad range of naval-relevant research topics, including quantum information, mathematical optimization, atmospheric predictions, quantum materials, artificial intelligence, autonomous operations, advanced sensors, soft robotics, cognitive performance, unsteady boundary layers and high-temperature thermal management.

    The YIP awards support postdoctoral and graduate student stipends and scholarships, the acquisition of laboratory equipment, and other expenses critical to the planned research. Typical grants are $750,000 over a three-year period.

    “Congratulations to the ONR Young Investigator Program on 40 years of fostering and advancing scientific discovery and cultivating creative, forward-thinking scientists and engineers,” said ONR Executive Director Dr. Thomas Fu. “This esteemed program is vital to ensuring the Department of the Navy has an abundant pipeline of talent to address naval S&T challenges.”

    Established in 1985, the ONR YIP is one of the nation’s oldest and most selective basic-research, early-career awards in science and technology. Its purpose is to fund tenure-track academic researchers, or equivalent, whose scientific pursuits show outstanding promise for supporting the Department of Defense, while also promoting their professional development.

    View the list of 2025 Office of Naval Research Young Investigator awardees at https://www.onr.navy.mil/2025-young-investigators.

    MIL Security OSI –

  • MIL-OSI Economics: Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development

    Source: International Monetary Fund

    October 22, 2024

    1. The G-24 expresses its deep concern over the humanitarian crises and conflicts afflicting numerous regions across the globe, resulting in loss of lives, immense suffering, forced displacement and migration for countless individuals. We call for a strong, united, multilateral approach to restore peace, stability, and livelihoods. To this end, we urge all parties to prioritize diplomacy, de-escalation, and cooperation. Furthermore, we call for robust multilateral support for recovery, reconstruction, and long-term development efforts in affected areas.

    2. Global economic growth is forecast to remain relatively stable in the coming year, but risks and uncertainties persist, especially for some Emerging Markets and Developing Economies (EMDEs). Despite a projected stabilization of global growth in 2024 and 2025, the relatively optimistic forecast masks the tepid economicprospects in the most vulnerable countries. Furthermore, geopolitical tensions, trade fragmentation, increasingly frequent extreme weather conditions, and a more pronounced slowdown could pose significant headwinds to global growth and worsen some EMDEs’ prospects of as they deal with the spillover effect of Advanced Economies’ policies.

    3. Although inflationary pressures are gradually easing, the outlook remains uncertain due to elevated risks. Food price inflation is declining or stabilizing, and energy prices have remained low, in part reflecting the role of the OPEC Declaration of Cooperation in safeguarding oil market stability. Though many advanced economies have successfully brought inflation back to target levels, some EMDEs are still grappling with high inflation rates. Looking ahead, trade tensions and increased policy uncertainty would contribute to heightened upside risks to inflation. Furthermore, escalating geopolitical tensions could lead to heightened volatility in food and energy prices. Given the uncertainty, central banks may likely maintain a cautious approach to monetary easing, potentially keeping interest rates high for an extended period.

    4. Against this background, some EMDEs are confronted with significant challenges, as a prolonged period of elevated or slower reduction of policy rates increases external, fiscal, and financial risks. Furthermore, depreciation of some EMDE’s currencies, together with high debt and rising debt-servicing costs, is constraining fiscal space, impacting capital flows and growth, while straining financial stability. As EMDE policymakers struggle to balance sizable investment needs with fiscal sustainability, real growth could suffer.

    5. Given the uncertain economic environment, the International Monetary Fund (IMF) should stand ready to fulfill its role as the center of the Global Financial Safety Net. Strengthening the international monetary system by enhancing crisis prevention and adjustment mechanisms; coordinating global stability; and providing timely, predictable, and adequate liquidity support to members facing balance of payments difficulties will contribute to a more resilient and interconnected global economy.

    6. We welcome the ongoing reviews and updates of IMF procedures and policies, as this will support members. The incorporation of emerging challenges such as climate-related risks, domestic public debt, and complex debt restructuring scenarios in the review of the Low-Income Countries Debt Sustainability Framework (LIC-DSF) is welcome. However, we look forward to the comprehensive review which we hope will address the fundamental concerns about the methodology. Furthermore, the recent approval of the use of Special Drawing Rights (SDRs) for the acquisition of hybrid capital instruments by prescribed holders is a significant step forward. The approved limit of SDR15 billion could increase lending by four-fold, including through supporting the goals of G20 Global Alliance against Hunger and Poverty, the sustainable development and climate goals. We call on countries with strong external positions to voluntarily explore rechanneling SDRs, including through Multilateral Development Banks (MDBs), where legally possible, while respecting the reserve asset quality of the SDR and ensuring their liquidity. 

    7. Ongoing refinements to the IMF’s lending toolkit provide another opportunity to address the challenges confronting members while strengthening IMF’s financial resilience. We welcome the refinements to the Resilience and Sustainability Trust (RST), including adjustments to its design to facilitate early disbursements, eliminate dual-purpose reforms, and ensure program continuity. We look forward to further work to operationalize the RST mandate on pandemic preparedness. We also call for the comprehensive review planned for 2026 to address the remaining issues, especially with respect to the requirement of an upper credit tranche program and expansion of focus into other medium-term challenges facing EMDEs. Additionally, we welcome the completion of the review of charges and surcharges that resulted in a reduction of the cost of borrowing from the General Resource Account. The approved changes are in the right direction, but we call on the IMF to consider initiating, as soon as possible, further reforms to provide more significant reduction of surcharges, and additional cut in the margin for the rate of charge. Furthermore, we welcome the Poverty Reduction and Growth Trust (PRGT) reforms, including the increase in resources for concessional financing, and the additional boost to the subsidy resources.

    8. The approval of a Third chair for Sub-Saharan Africa at the IMF Executive Board would strengthen the region’s voice, improve its representation, and simultaneously, reduce the workload of the region’s officials. Additionally, we recommend further pursuit of governance reforms in MDBs and International Financial Institutions, (IFIs), to correct the regional and gender underrepresentation in their top management and senior staff positions. We call upon all countries to complete the internal approval procedures for the 16th General Review as soon as possible. We await the result of the ongoing efforts to develop possible approaches for a new quota formula and we hope that it will serve as a guide for quota realignment that reflects members’ relative economic weight and strengthen the voice of EMDEs under the 17th General Review of Quotas. As the review is crucial for the legitimacy of the IMF, we emphasize the importance of adhering to the June 2025 deadline.

    9. We welcome the progress in the implementation of the World Bank Group (WBG) Evolution Roadmap. The launch of the PortfolioGuarantee Platform, and stronger private capital mobilization efforts have the potential to help bring additional resources to support client countries in meeting their development needs. We hope that more contributions to the Livable Planet Fund would incentivize global challenge related projects across borders, and that the launch of the Grant Facility for Project Preparation Trust Fund would enhance clients’ institutional capacity in project preparations. Not only is it paramount to increase investment, but such investment must be at an affordable cost in order to ensure the debt sustainability of EMDEs as they pursue new growth strategies aligned with the Sustainable Development Goals (SDGs) and the Paris Agreement. Therefore, we look forward to a timely and successful conclusion of the 2-stage International Bank for Reconstruction and Development (IBRD) loan pricing adjustments to enhance affordability of IBRD loan.

    10. International Development Association, (IDA21), replenishment will be crucial for supporting vulnerable populations, breaking the cycle of poverty, and promoting global stability. We welcome the focus on key areas of People, Planet, Prosperity, Digitalization, and Infrastructure, which are at the core of the development challenges of the Global South. Given rising external financing needs amidst declining Overseas Development Assistance and Foreign Direct Investments, we hope that the ongoing IDA21 replenishment discussions will result in a robust and impactful outcome, increasing support for LICs in real terms, supported by an expanded donor base. We call on donors to be ambitious, and to align their contributions with the scale of the challenges. It is also important to thoroughly consider the different levels of fragility before applying any adjustment to loan terms that may impact debt sustainability. While we welcome the proposed Global and Regional Opportunities Window (GROW), which aims to address regional and global challenges, such as adaptation, we call for an expanded focus on other issues that impact the Global South such as biodiversity, desertification, carbon and methane gas emissions from agricultural production, and rising sea level.

    11. Considering the need for significant resources, and the misalignment of shareholding structure, the upcoming 2025 Shareholding Review for IBRD and the International Finance Corporation, (IFC), is crucial. We call on shareholders to build consensus for a speedy and successful review in line with the Lima Shareholding Principles, resulting in the increase of the voice and representation of EMDEs and ensuring a more equitable balance of voting power to improve legitimacy and effectiveness. In addition, the review should propose specific options to address misalignment.

    12. We look forward to the implementation of the G20 Brazil Presidency MDB Roadmap Towards Bigger, Better, and more Effective MDBs, building on the mandate from G20 New Delhi Leaders Declaration, and based on the recommendations of the G20 Independent Experts Group. To further increase scale and impact, we call for deepening of engagement and cooperation between WBG and the MDBs with a view to operating as a system to address countries’ development priorities and needs, as well as global and regional challenges. We call for regular reviews of the alignment of MDBs resources and strategies. These reviews would lay a solid basis for MDB Boards’ consideration on if and when additional capital may be needed. In addition, to enhance private capital mobilization, we advocate for providing support aimed at removing regulatory bottlenecks to private investment, developing innovative risk-sharing and hedging instruments, including through local currency lending and domestic capital market reforms. To further maximize the impact of public investment, and its ability to boost growth, improve productivity, and reduce poverty, EMDEs should be supported with comprehensive policy reform programs to improve public investment efficiency, governance and fiscal administration, subject to the country’s specific circumstance.

    13. We commend the recent progress under the G20 Common Framework and the Global Sovereign Debt Roundtable (GSDR), including establishing a common understanding of processes and practices. We call for a step up of the implementation of the G20 Common Framework in a predictable, timely, orderly, and coordinated manner and more meaningful debt relief. Additionally, we welcome the joint efforts of all stakeholders to enhance debt management and transparency and encourage private creditors to follow suit. We draw attention to the need for further reforms, especially with respect to early engagement with creditors and interaction with credit rating agencies. Ultimately, we urge for a comprehensive reform of the sovereign debt framework that addresses debt vulnerabilities in low and middle-income countries in an effective, comprehensive and systematic manner. We call for consideration of options – including the support of the IMF and the World Bank – to help countries facing short-term liquidity challenges whose debt is sustainable.

    14. The global community is falling short of attaining climate and development goals, and in providing the commensurate financial support to developing countries towards achieving them. The frequency, intensity, and scale of extreme weather events, particularly in developing countries, are increasing, necessitating urgent action. Recognizing the varying national circumstances, we call for accelerating climate action based on equity and the principle of common but differentiated responsibilities and respective capabilities. Therefore, climate change strategies must incorporate the needs of EMDEs, and mitigation and adaptation actions should aim at ensuring accessibility to all types of energy, and energy security, bearing in mind sustainable development and efforts to eradicate poverty. Furthermore, MDBs and IFIs should support investment in the research and development of green technologies that reduce greenhouse gas emissions. We acknowledge the need to significantly scale up finance, and hence call for a concrete goal that is commensurate with the pressing challenges, and that is therefore greater than the $100 billion per year planned during the upcoming CoP29. We look forward to faster progress on the operationalization and capitalization of the Loss and Damage Fund. We reiterate our call for new and additional grant-based, highly concessional finance and non-debt instruments to support both middle- and low-income countries, especially as they transition in a just and equitable manner.

    15. Domestic Resource Mobilization is essential for sustainable development. We strongly support national efforts to prevent and combat illicit financial flows, corruption, money-laundering and tax evasion, as such efforts would increase domestic resources. We call for increased capacity building to support members, to improve their expertise in domestic resource mobilization. We acknowledge the work of the Organization of Economic Co-operation and Development on tax base erosion and profit shifting, and welcome the progress made on the Two-Pillar Solution under the OECD Inclusive Framework. Additionally, we look forward to the forthcoming negotiation of the United Nations Framework Convention on International Tax Cooperation and its two early protocols. We call for a constructive engagement as well as multilateral consensus to achieve lasting progress on this initiative. Finally, we commend the work of the Brazil G20 Presidency on taxation and inequality.

    16. Challenges to multilateralism are not abating. It is concerning that policymakers in some of the world’s largest economies continue to pursue protectionist or nationalist policies that are not in line with global integration on trade and development. We reaffirm our support for a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable, and transparent, multilateral trading system with the World Trade Organization at its We encourage countries to contribute to the strengthening of multilateralism through ongoing initiatives. These include the Bretton Woods Initiative, which seeks to develop a long-term perspective on the global economy and the roles of the IMF and World Bank, and the Fourth Conference on Financing for Development, a forum aimed at identifying obstacles and constraints to the achievement of the SDGs and supporting the reform of the international financial architecture. We call for enhanced collaboration and cooperation among multilateral institutions to ensure a coherent and collaborative approach towards multilateralism.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics –

  • MIL-OSI: Federal Home Loan Bank of San Francisco Expands Support to Community Development Financial Institutions and State Housing Finance Agencies

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 22, 2024 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) released enhancements to its credit and collateral risk policy that will enable greater lending by non-depository Community Development Financial Institutions (CDFIs) and state-charted Housing Finance Agencies (HFAs) to better support the low-income communities they serve. The enhancements align with the Bank’s mission to support affordable housing and economic development and are designed to provide increased liquidity to support community development for communities in need.

    “We have spent significant time listening to our CDFI members and analyzing ways we can expand our relationships with CDFIs and HFAs, working together toward a shared mission of advancing economic opportunity and affordable housing. Our new underwriting enhancements are a first step toward increasing access and liquidity,” said Alanna McCargo, president and chief executive officer of FHLBank San Francisco. “By improving our terms and funding access for our non-depository CDFI members and increasing financing availability for housing associates like HFAs, we will be able to increase the availability of funds to benefit the communities that we collectively serve. Furthermore, we will continue to partner with our CDFI members and housing associates to innovate new programs that support their efforts, as there is a lot of untapped opportunity to expand in this space.”

    The main borrowing enhancements include:

    • Increased credit terms from 5 years to up to 20 years on collateral, including Low Income Housing Tax Credit (LIHTC) properties, for non-depository CDFIs that can offer financing for the life of large affordable housing projects
    • Increased borrowing availability on posted collateral to support affordable housing and community development projects
    • Housing associate program limits increased from $250 to $500 million to continue to support state housing finance agency programs

    FHLBank San Francisco will discuss the impact of these enhancements with CDFIs this week at the annual Opportunity Finance Network Conference in Los Angeles, the largest annual gathering of CDFIs. The Bank looks forward to engaging, collaborating and celebrating the work CDFIs and HFAs do to expand economic opportunity in the communities they serve.

    CDFIs and HFAs are on the front lines of providing capital to low-income communities. The FHLBank San Francisco supports the missions of our non-depository CDFIs members and housing associates by providing access to low-cost capital and grants for affordable housing and economic development. With non-depository CDFIs traditionally finding it challenging to obtain long-term, affordable financing, FHLBank San Francisco has worked to partner with them to enhance their ability to serve their customers and communities. This important partnership increases the supply of affordable housing and facilitates homeownership and economic development initiatives in underserved communities.

    To further their own community impact goals, CDFI members also benefit from FHLBank San Francisco’s discounted Advances for Community Enterprise (ACE) and Community Investment Program (CIP) credit products, the Affordable Housing Program (AHP) and the Access to Housing and Economic Assistance for Development (AHEAD) Program that provides micro grants for economic development.

    For over a decade, FHLBank San Francisco has partnered with its non-depository CDFIs to generate positive community impact, including:

    • Funding $686 million in competitively priced advances since 2011, and an additional $36 million in discounted advances for community development.
    • Awarding $79.9 million in AHP grants to construct or preserve 6,885 affordable housing units.
    • Awarding $1.6 million in AHEAD grants to our non-depository CDFI members for 45 economic development and recovery initiatives.
    • Supporting programs aimed at supporting Latina entrepreneurs, providing vital housing and other services to Native American communities, facilitating career development for people of color, and other programs and projects that benefit underserved communities.

    About the Federal Home Loan Bank of San Francisco

    The Federal Home Loan Bank of San Francisco is a member-owned cooperative supporting local lenders in Arizona, California, and Nevada to build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant, equitable, and resilient.

    The MIL Network –

  • MIL-OSI: United Fire Group, Inc. Announces Its 2024 Third Quarter Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    CEDAR RAPIDS, Iowa, Oct. 22, 2024 (GLOBE NEWSWIRE) — United Fire Group, Inc. (Nasdaq: UFCS) (the “Company”, “UFG”, “we”, or “our”) announced today that its 2024 third quarter earnings results will be released after the market closes on Tuesday, November 5, 2024. An earnings call will be held on Wednesday, November 6, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company’s 2024 third quarter results.

    Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through November 13, 2024. The replay access information is toll-free 1-877-344-7529 (international 1-412-317-0088); access code no. 9492504.

    Webcast: A webcast of the teleconference can be accessed at the Company’s investor relations page at https://ir.ufginsurance.com/event/ or https://event.choruscall.com/mediaframe/webcast.html?webcastid=MiUIl736. The archived audio webcast will be available for one year.

    Transcript: A transcript of the teleconference will be available on the Company’s website soon after the completion of the teleconference.

    About UFG:

    Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance.

    Through our subsidiaries, we are licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and we are represented by approximately 1,000 independent agencies. A.M. Best Company assigns a rating of “A-” (Excellent) for members of the United Fire & Casualty Group.

    For more information about UFG visit http://www.ufginsurance.com.

    Contact: Investor Relations at IR@unitedfiregroup.com.

    The MIL Network –

  • MIL-OSI Security: Enfield — Update: RCMP/HRP Integrated Criminal Investigation Division continues investigation into suspicious deaths

    Source: Royal Canadian Mounted Police

    The RCMP/HRP Integrated Criminal Investigation Division is continuing its investigation into the deaths of two adults who were found deceased at a residence on Rockcliffe Dr. in Enfield on October 18.

    Working with the Nova Scotia Medical Examiner Service, it has been determined that a 60-year-old woman died as a result of homicide and the death of a 61-year-old man was due to self-inflicted injuries.

    The two people were known to one another. Our thoughts are with their loved ones and the community at this difficult time.

    In consideration of the Privacy Act and out of respect for the families, the RCMP/HRP Integrated Criminal Investigation Division will not be releasing any further details.

    The ongoing investigation is being led by the RCMP/HRP Integrated Criminal Investigation Division with assistance from RCMP Halifax Regional Detachment, Nova Scotia RCMP Forensic Identification Services, and the Nova Scotia Medical Examiner Service.

    MIL Security OSI –

  • MIL-OSI Russia: Financial news: On holding auctions on October 23, 2024 to place OFZ issues No. 26245RMFS and No. 29025MFS

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    For bidders

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

    1.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security federal loan bonds with constant coupon income
    State registration number of the issue 26245RMFS from 08.05.2024
    Date of the auction October 23, 2024
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code SO26245RMFS9
    ISIN code PO000A108EG6
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

    2.

    Name of the Issuer Ministry of Finance of the Russian Federation
    Name of security variable coupon federal loan bonds
    State registration number of the issue 29025RMFS from 09/29/2023
    Date of the auction October 23, 2024
    Information about the placement (trading mode, placement form) The placement of Bonds will be carried out in the Trading Mode “Placement: Auction” by holding an Auction to determine the placement price. BoardId: PACT (Settlements: Ruble)
    Trade code SU29025RMFS2
    ISIN code PO000A106Z61
    Calculation code B01
    Additional conditions of placement The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
    Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

    Contact information for media 7 (495) 363-3232PR@moex.com

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n74197

    MIL OSI Russia News –

  • MIL-OSI USA: Casey, Fetterman, Deluzio Secure $87 Million to Build New Manufacturing Facility in Southwestern Pennsylvania, Create Almost 900 Jobs

    US Senate News:

    Source: United States Senator for Pennsylvania Bob Casey
    Mainspring Energy manufactures linear generators that power hospitals, supermarkets, data centers, and more across the Nation
    New plant will expand generator production, enhance American global competitiveness, create 891 jobs in Coraopolis
    Casey, Fetterman, and Deluzio pushed for the Accelerating Linear Generator Production for Mainspring Energy project
    Washington, D.C. – Today, U.S. Senators Bob Casey (D-PA) and John Fetterman (D-PA) and U.S. Congressman Chris Deluzio (D-PA-17) delivered $87,070,493 in federal funding for Mainspring Energy (MSE), a manufacturer of linear generators, to build a new, state-of-the art manufacturing facility that will support new 891 jobs in Coraopolis. Funding comes from the Advanced Energy Manufacturing and Recycling Grants Program, made possible by the Infrastructure Investment and Jobs Act (IIJA).
    “This is a game-changing investment for Coraopolis and Southwestern Pennsylvania. With this funding, Mainstream Energy will create good-paying and high-skilled manufacturing jobs and continue Southwestern Pennsylvania’s legacy as an energy leader on the forefront of cutting-edge technology. Pennsylvania workers are the best in the world and I will keep fighting for good paying manufacturing and construction jobs across our Commonwealth,” said Senator Casey.
    “Western Pennsylvania has always been America’s industrial backbone and the Department of Energy’s investment in Mainspring Energy carries that legacy forward. This move propels us toward a carbon-pollution-free future while keeping our economy strong, competitive, and union-built,” said Senator Fetterman. “As lifelong Pennsylvanians, Senator Casey, Congressman Deluzio, and I understand and honor our state’s proud history of hard work and innovation. We pushed for this investment because it puts Western Pennsylvania back on the map as a leader in cutting-edge manufacturing.”
    “I am thrilled to announce that Coraopolis’ own Mainspring Energy Inc. is receiving more than $87 million in federal dollars to boost its manufacturing of low-carbon generators and create hundreds of full-time and construction jobs in the process,” said Congressman Deluzio. “This is a powerful example of how when we make more stuff here, we can create manufacturing and construction jobs and onshore our supply chains, all while reducing greenhouse gas emissions to help us meet our climate goals. I am proud to support this project and look forward to monitoring its progress and impact on the people and economy in Pennsylvania’s 17th Congressional District.”  
    The funding comes from the U.S. Department of Energy (DOE)’s Advanced Energy Manufacturing and Recycling Grants program, which enables manufacturers build new or retrofit existing manufacturing and industrial facilities in communities where coal mines or coal power plants have closed. Senators Casey and Fetterman and Congressman Deluzio urged DOE secretary Jennifer Granholm to support MSE’s project in June 2024. In their letter, the Members highlighted how the new facility would increase domestic manufacturing, boost American competitiveness in the clean energy sector, generate hundreds of good-paying jobs for Pennsylvanians, and carry on the Commonwealth’s proud legacy as an energy state. 
    Mainspring Energy (MSE), in partnership with construction firm Al. Neyer, will establish a state-of-the-art manufacturing facility in Coraopolis to produce 1,000 linear generators annually that will provide clean and reliable power to critical institutions across the Nation including hospitals, businesses, and data centers. The plant will localize the manufacturing supply chain and enhance American global competitiveness in the clean energy sector. Additionally, the project will create 291 construction-related jobs and 600 operations jobs. 

    MIL OSI USA News –

  • MIL-OSI: [Press Release] iliad SA successfully issues inaugural €500 million green bond

    Source: GlobeNewswire (MIL-OSI)

    Press release        

    Paris, October 22, 2024

    iliad SA successfully issues inaugural €500 million green bond

    Financial release

    Today, iliad SA successfully placed a €500 million green bond issue. The bonds mature in just over five years, paying interest at 4.25% per year.

    This transaction, announced for a maximum amount of €500 million, met with very strong investor demand (with a final demand of over €1.5 billion), enabling the Group to take advantage of the improved market conditions and to refinance part of its existing bond debt via the tender offer launched in parallel for its bonds maturing in April 2025 and June 2026 (see previously published press release:https://www.iliad.fr/media/CP_211024_Eng_ef96e5d11f.pdf).

    This result confirms investors’ confidence in iliad’s creditworthiness and its ESG strategy.

    The proceeds from this green bond issue will be used to finance, and in part refinance, eligible expenditure described in the Group’s Green Financing Framework published on October 21, which received a positive second-party opinion from Sustainalytics (both documents are available on our website at https://www.iliad.fr/en/investisseurs/groupe/dette).

    Thomas Kienzi – Chief Financial Officer of the iliad Group: “Through this operation, the iliad Group pledges to invest in technologies that promote more sustainable development, and once again demonstrates its commitment to controlling its carbon emissions.”

    This is the Group’s inaugural green bond issue, and it follows a conventional bond issue of €500 million in April 2024. The green bond issue has also been rated Ba2/BB/BB by Moody’s, S&P and Fitch, respectively, in the category of senior unsecured bonds.

    BNP Paribas and Société Générale are the Global Coordinators, Joint Lead Managers and Green Structuring Advisors; Crédit Agricole CIB, MUFG, Natixis, SMBC, CIC, Erste Group, Helaba, RBC and Unicredit are Joint Lead Managers; and the Bank of China, Bayern LB and Mizuho are Co-Managers.

    About the iliad Group

    Created in the early 1990s, the iliad Group is the inventor of the world’s first triple-play box and is now a major European telecoms player, standing out for its innovative, straightforward and attractive offerings. The Group is the parent of Free in France, iliad in Italy and Play in Poland, has over 18,200 employees serving more than 49.8 million subscribers, and generated €9.7 billion in revenues in the twelve months ended June 30, 2024. In France, the Group is an integrated Fixed and Mobile Ultra-Fast Broadband operator and had 22.9 million subscribers at end-June 2024 (15.3 million Mobile subscribers and 7.5 million Fixed-line subscribers). In Italy, where it launched its business in 2018 under the iliad brand, it is the country’s fourth-largest mobile operator and at end-June 2024, had nearly 11.3 million Mobile subscribers and 280,000 Fiber subscribers. In Poland, the Group is an integrated convergent operator, and at end-June 2024, had 13.3 million Mobile subscribers and nearly 2.1 million Fixed-line subscribers. In the second quarter of 2024, the iliad Group became Europe’s fifth-largest operator by number of retail Mobile subscribers (excluding M2M) and it remains the fifth-largest Fixed Broadband operator.

    To find out more

    http://www.iliad.fr/en

    Follow us

    X: @Groupeiliad

    LinkedIn: Groupe iliad

    Contacts

    Investor relations: ir@iliad.fr
    Press relations: presse@iliad.fr

    Attachment

    The MIL Network –

  • MIL-OSI Security: Federal Grand Jury Indicts Man in Connection with Robberies of Suburban Chicago Banks

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

    Ahead of the Threat Podcast: Episode Zero

    Welcome to Ahead of the Threat, the FBI’s new podcast miniseries that brings together an FBI cyber executive and a private sector chief information security officer. Join Bryan Vorndran, assistant director of the FBI’s Cyber Division, and Jamil Farshchi, a strategic engagement advisor for the FBI who also works as an executive vice president and CISO of Equifax, as they discuss emerging cyber threats and the enduring importance of cybersecurity fundamentals. Featuring distinguished guests from the business world and government, Ahead of the Threat will confront some of the biggest questions in cyber: How will emerging technology impact corporate America? How can corporate boards be structured for cyber resilience? What does the FBI think about generative artificial intelligence? Listen to new episodes biweekly and stay Ahead of the Threat.

    Charity and Disaster Fraud

    Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

    RYAN JAMES WEDDING

    Conspiracy to Distribute and Possess with Intent to Distribute Controlled Substances; Conspiracy to Export Cocaine; Continuing Criminal Enterprise; Murder in Connection with a Continuing Criminal Enterprise and Drug Crime; Attempt to Commit…

    Capitol Violence

    The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

    MIL Security OSI –