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  • MIL-OSI NGOs: “We’re Not Just Marching – We’re Building the Future”: Joburg Youth Lead the Charge for Green Jobs This Youth Day

    Source: Greenpeace Statement –

    Johannesburg, 13 June 2025 –  Hundreds of young people flooded the streets of Johannesburg in a powerful call for economic justice through climate action. Backed by Greenpeace Africa, they waved hand-painted placards, their chants echoing across pavements, in a shared urgency drawn together by a generation raised on promises — and now demanding delivery. This Youth Day, South Africa’s youth were not just commemorating the past; they marched for a future they refuse to be excluded from.

    At the heart of their demand was a clear message: a Just Transition must mean green jobs for young people, now.

    “We don’t want to be statistics anymore. We want to be builders of the new economy,” said Aphiwe, a 24-year-old graduate who’s been unemployed for over a year. “Give us the skills. Give us the tools. Let us work — not just survive.”

    With youth unemployment sitting above 60%, South Africa’s young people are caught in a worsening economic storm. Yet they also represent the country’s greatest untapped human resource; bold, informed, and ready to act. The renewable energy sector offers a lifeline: up to five times more jobs than the fossil fuel economy.

    But that opportunity remains out of reach for many. Through this march, the youth-  in a memorandum presented to the labour ministry – demanded access to skilling and upskilling programmes, inclusion in climate and economic planning, and investment in clean energy infrastructure that benefits communities, not corporations.

    “South Africa’s young people aren’t just demanding jobs. They’re demanding a future where those jobs are sustainable, dignified, and part of solving the climate crisis,” says Siyabonga Myeza, Climate and Energy Campaigner, Greenpeace Africa.

    This isn’t the first time youth have taken to the streets on June 16, a date seared into South African memory. In 1976, students marched for the right to education. In 2025, they march for the right to work, to be heard, and to live on a planet that hasn’t been plundered past repair.

    “This generation sees the link between economic injustice and climate injustice. Their message is clear: we cannot afford to wait any longer,” said Cynthia Moyo, Climate and Energy Campaigner, Greenpeace Africa.

    Greenpeace Africa stands shoulder-to-shoulder with these young leaders, calling on the South African government, private sector, and civil society to honour their vision, not with speeches but with action.

    This Youth Day, the call will ring out from city streets and rural corners alike:
    “No jobs on a dead planet. No future without the youth.”

    ENDS.

    For more information, contact:

    Ferdinand Omondi, Communication and Story Manager, Greenpeace Africa, email: [email protected], cell: +254 722 505 233

    Greenpeace Africa Press Desk:[email protected]

    MIL OSI NGO –

  • MIL-OSI NGOs: UNOC3: “Fine words must now translate into action”, Greenpeace comment

    Source: Greenpeace Statement –

    Nice, France, The UN Ocean Conference (UNOC) concludes today with significant progress made towards the ratification of the High Seas Treaty and a strong statement on a new plastics treaty signed by 95 governments. Once ratified, it will be the only legal tool that can create protected areas in international waters, making it fundamental to protecting 30% of the world’s oceans by 2030. 50 countries, plus the European Union, have now ratified the Treaty.

    Deep sea mining rose up the agenda in the conference debates, demonstrating the urgency of opposing this industry. The expectation from civil society and a large group of states, including both co-hosts of UNOC, was that governments would make progress towards stopping deep sea mining in Nice. UN Secretary General Guterres said the deep sea should not become the wild west. French President Macron said a deep sea mining moratorium is an international necessity. Four new countries pledged their support for a moratorium at UNOC bringing the total to 37. Attention now turns to what actions governments will take in July to stop this industry from starting.

    Megan Randles, Greenpeace Head of Delegation regarding the High Seas Treaty and progress towards stopping deep sea mining said: “High Seas Treaty ratification is within touching distance, but the progress made here in Nice feels hollow as this UN Ocean Conference ends without more tangible commitments to stopping deep sea mining. 

    “We’ve heard lots of fine words here in Nice, but these need to turn into tangible action. Countries must be brave, stand up for global cooperation and make history by stopping deep sea mining this year. They can do this by committing to a moratorium on deep sea mining at next month’s International Seabed Authority meeting. We applaud those who have already taken a stand, and urge all others to be on the right side of history by stopping deep sea mining.”

    Following this UNOC, attention now turns to the International Seabed Authority (ISA) meetings in July. In the face of The Metals Company teaming up with Trump to mine the global oceans, the upcoming ISA provides a space where governments can come together to defend the deep ocean by adopting a moratorium to stop this destructive industry.

    Negotiations on a Global Plastics Treaty resume in August. 

    John Hocevar, Oceans Campaign Director, Greenpeace USA said: “The majority of countries have spoken when they signed on to the Nice Call for an Ambitious Plastics Treaty that they want an agreement that will reduce plastic production. Now, as we end the UN Ocean Conference and head on to the Global Plastics Treaty negotiations in Geneva this August, they must act. The world cannot afford a weak treaty dictated by oil-soaked obstructionists. 

    “The ambitious majority must rise to this moment, firmly hold the line and ensure that we will have a Global Plastic Treaty that cuts plastic production, protects human health, and delivers justice for Indigenous Peoples and communities on the frontlines. Governments need to show that multilateralism still works for people and the planet, not the profits of a greedy few.”

    Nichanan Thantanwit, Project Leader, Ocean Justice Project said: “Coastal and Indigenous communities, including small-scale fishers, have protected the ocean for generations. Now they are being pushed aside by industries driving ecological collapse and human rights violations. 

    “As the UN Ocean Conference ends, governments must recognise small-scale fishers and Indigenous Peoples as rights-holders, secure their access and role in marine governance, and stop destructive practices such as bottom trawling and harmful aquaculture. There is no ocean protection without the people who have protected it all along.”

    The anticipated Nice Ocean Action Plan, which consists of a political declaration and a series of voluntary commitments, will be announced later today at the end of the conference. None will be legally binding, so governments need to act strongly during the next ISA meeting in July and at plastic treaty negotiations in August. 

    ENDS

    Photos and Video available in the Greenpeace Media Library.

    Contacts:

    James Hanson, Head of Communications, Greenpeace Protect the Oceans campaign, +44 7801 212 994, [email protected] 

    Magali Rubino, Global Media Lead, Greenpeace Protect the Oceans campaign, +33 7 78 41 78 78, [email protected] 

    Greenpeace International Press Desk: +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO –

  • MIL-OSI Global: House tax-and-spending bill and other Trump administration changes could make millions of people lose their health insurance coverage

    Source: The Conversation – USA – By Simon F. Haeder, Associate Professor of Public Health, Texas A&M University

    People who don’t have health insurance coverage often delay or simply don’t get the medical care they need. Jacob Wackerhausen/iStock via Getty Images Plus

    President Donald Trump has promised not to cut Medicaid many times over the past decade, including in the tax-and-spending legislative package he has made a top priority in his second administration.

    But several provisions in the bill, which the House of Representatives passed in a largely party-line 215-214 vote in May 2025, could cause millions of Americans enrolled in Medicaid to lose their health insurance coverage, according to the nonpartisan Congressional Budget Office. Medicaid is funded jointly by the federal government and the states. The program provides nearly 80 million Americans, most of whom are low-income or have disabilities, with health insurance.

    The legislation, which advances Trump’s agenda, faces a tough battle in the Senate despite the Republican Party majority in that chamber. Several GOP senators have either said they oppose it or have expressed strong reservations for a variety of reasons, including the trillions of dollars the package would add to the U.S. government’s debt.

    As a scholar who researches access to health care, I am concerned about the possibility that millions of people will lose their health insurance coverage should this bill become law. In many cases, that could occur due to new bureaucratic obstacles the bill would introduce.

    Proposed policy changes and the uninsured

    About 25.3 million Americans lacked insurance in 2023, down sharply from 46.5 million in 2010. Most of this 46% decline occurred because of the Affordable Care Act of 2010.

    The Congressional Budget Office, a nonpartisan agency that provides evidence-supported information to Congress, estimates that 10.9 million Americans would lose their health insurance by 2034 if the House of Representatives’ version of that package were to become law.

    Of these, as many as 7.8 million would lose access to Medicaid.

    Another 2.1 million people who the CBO estimates would end up uninsured are Americans who today have coverage they bought in the marketplaces that the Affordable Care Act created.

    In addition to the measures in the tax-and-spending bill, other changes are looming. These include the expiration of some ACA-related measures adopted in 2021 that Trump does not intend to renew, and new regulations. All told, the number of Americans losing their health insurance by 2034 could total 16 million, according to the CBO.

    Other estimates suggest that the number of Americans losing their coverage could run even higher.

    Obstructing Medicaid expansion

    The House bill would reduce incentives the federal government provides states to expand their Medicaid programs as part of the ACA.

    Eliminating these incentives would make it even less likely that Texas and the other nine states that still have not expanded Medicaid eligibility would do so in the future.

    The bill would also make it harder for states to come up with their share of Medicaid funding by limiting “provider taxes.” These taxes are charged to hospitals, doctors and other medical providers. The revenue they raise help pay for the state’s share of Medicaid costs.

    And the legislative package would also reduce federal funding to cover Medicaid costs in states that provide coverage to unauthorized immigrants using only their own funds. Threatened with billions in losses, the states that do this are unlikely to maintain these programs. In California alone, this would jeopardize the coverage of 1.6 million of its residents.

    Losing Medicaid coverage may leave millions of low-income Americans without insurance coverage, with no affordable alternatives for health care.

    A supporter of the Affordable Care Act stands in front of the Supreme Court building on Nov. 10, 2020.
    Samuel Corum/Getty Images

    Making Medicaid enrollment more complicated

    Other proposed changes in the House bill would indirectly cut Medicaid coverage by forcing people to deal with more red tape to get or keep it.

    This would happen primarily through the introduction of “work requirements” for Medicaid coverage. When enrolled in the program, applicants who are between 19 and 64 years old would need to certify they are working at least 80 hours a month or spending that much time engaged in comparable activities, such as community service.

    Work requirements specifically target people eligible for Medicaid through the Affordable Care Act’s expansion of the program. They tend to have slightly higher incomes than the other people eligible for this benefit.

    Arkansas gave Medicaid work requirements a try during the first Trump administration. Researchers who studied what happened found that 1 in 4 of the Arkansans enrolled in Medicaid affected by the policy lost their health insurance coverage. They also found that in most cases, this occurred because of bureaucratic obstacles, and that the policy didn’t lead to more people getting jobs.

    By some estimates, the work requirements provision alone would lead to close to 5 million people of the 7.8 million being denied Medicaid coverage.

    At the same time, the bill would increase how often Medicaid beneficiaries have to reapply to the program to keep their coverage from once every 12 months to twice a year.

    It also would delay or reverse several policies that made it easier for Americans to enroll in Medicaid and maintain their coverage. Many of those who aren’t kicked out would also face either new or higher co-payments for appointments and procedures – restricting their access to health care, even if they don’t wind up without insurance.

    There is ample evidence that obstacles like these make it hard to remain enrolled in safety net programs. Historically, the people who are most likely to lose their benefits are low-income, people of color or immigrants who do not speak English well.

    President Barack Obama signs the Affordable Care Act during a ceremony with congressional Democrats on March 23, 2010.
    Win McNamee/Getty Images

    Costlier Marketplace policies and more barriers

    The bill would also affect the more than 24 million Americans who get health insurance through Affordable Care Act Marketplace plans.

    Changes in the House version of the bill would make it harder to get this coverage. This includes reducing the time Americans have to enroll in plans and eliminating certain subsidies. It also makes the enrollment process more complicated.

    Combined with other changes the Trump administration has made, experts expect Marketplace premiums to skyrocket.

    The Congressional Budget Office expects more than 2 million beneficiaries to lose coverage due to these new policies.

    More coverage losses possible

    Americans buying their own insurance on the ACA marketplaces may also face higher premiums.

    Increased subsidies in place since 2021 are set to expire at the end of the year. Combined with Trump regulatory decisions, this may lead to more than 5 million Americans losing coverage – whether or not the GOP’s tax-and-spending package is enacted.

    The effects of the bill would also be compounded by further changes by individual states. This could include the introduction of monthly premiums that people with Medicaid coverage would have to pay, in Indiana and other states.

    Some states may also reduce eligibility for certain groups or cover fewer services, as states seek to reduce their Medicaid costs.

    And some states, including Iowa and Utah, are already pursuing work requirements on their own whether or not they become mandatory across the nation.

    If fewer Americans have health insurance due to changes the Trump administration is making and the policies embedded in the pending tax-and-spending legislative package, the health of millions of people could get worse due to forgone care. And at the same time, their medical debts could grow larger.

    Dr. Simon F. Haeder has previously received funding from the Centers for Medicare and Medicaid Services, the Pennsylvania Insurance Department, and the Robert Wood Johnson Foundation for unrelated projects.

    – ref. House tax-and-spending bill and other Trump administration changes could make millions of people lose their health insurance coverage – https://theconversation.com/house-tax-and-spending-bill-and-other-trump-administration-changes-could-make-millions-of-people-lose-their-health-insurance-coverage-257529

    MIL OSI – Global Reports –

  •  Delhiites to get relief from scorching heat as IMD predicts thunderstorm

    Source: Government of India

    Source: Government of India (4)

    Residents of the national capital may finally get some relief from the relentless heat, as the India Meteorological Department (IMD) has predicted thunderstorms and rainfall later on Friday, which are expected to ease the sweltering conditions that have gripped Delhi and surrounding regions for the past several days.

    Speaking to IANS, IMD scientist Akhil Srivastava said: “The maximum temperature in Delhi-NCR remains high, and the night temperature is also above normal. Due to these conditions, we had issued a red alert on Thursday. For June 13, we are expecting hot and humid conditions during the day, with a possibility of a heatwave in some parts of the region. Accordingly, we have issued an orange to red alert for today.”

    Srivastava added that thunderstorm activity is anticipated by Friday night, with wind speeds ranging from 40 to 60 km/h.

    “This weather pattern may persist for the next two to three days, which is likely to bring down the maximum temperature,” he said.

    “Currently, Delhi is recording temperatures around 44 degrees Celsius. We expect this to fall to around 40 degrees Celsius by June 15 or 16.”

    Srivastava also said that northwestern India is also expected to remain hot, with no significant change in maximum temperatures over the next 48–72 hours.

    “We estimate a potential drop of 2 to 4 degrees Celsius in the coming days. However, western Rajasthan will continue to face severe heat conditions, for which a red alert has been issued. Warm night conditions are being observed across the region, with night temperatures also staying above average, increasing the overall impact.”

    The IMD has issued red alerts for Punjab and Haryana for the next two days due to expected extreme conditions. Rajasthan is also under a red alert for Friday, which will be followed by an orange alert for the next two days. In Uttar Pradesh and Jammu & Kashmir, orange alerts have been issued as cooler weather is expected over the weekend.

    Srivastava also noted a likelihood of light to very light rainfall in parts of Delhi, associated with the thunderstorm activity.

    “While the intensity of the rainfall may be low, it will contribute to a temporary cooling effect and offer some respite from the oppressive heat.”

    Responding to whether this summer has been hotter than usual, Srivastava said: “Heatwaves are not new to Delhi or North India. We witnessed similar extreme temperatures last year as well. It would not be accurate to say this year is significantly worse; rather, such patterns are becoming increasingly frequent.”

    (IANS)

  • MIL-OSI United Kingdom: UK and Scottish governments join forces to boost Scottish growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK and Scottish governments join forces to boost Scottish growth

    Scottish Secretary and Minister for Business co-chair business forum

    • Business and trade union groups working with governments to grow Scotland’s economy faster
    •  Murray urges new collaboration for Scotland’s defence industry

    For the first time in more than two years, the Scottish Business Growth Group was convened in Edinburgh today, bringing the UK and Scottish governments together with business leaders to discuss how they can deliver economic growth.

    The forum, jointly chaired by the Scottish Secretary Ian Murray and the Scottish Government’s Minister for Business Richard Lochhead, brings together officials from both of Scotland’s governments alongside business representatives and the Scottish Trades Union Congress. With economic growth the UK Government’s number one priority, Murray used a speech in March at the University of Edinburgh to announce that this group would be reconvened, with a fresh focus on collaboration across governments and sectors.

    During the meeting, the Scottish Secretary provided updates on recent and upcoming announcements from the UK Government and outlined their significance for businesses in Scotland. This includes the Spending Review, the Strategic Defence Review and economic opportunities for the Scottish supply chain, the recent trade deals agreed with the EU, US and India – and the modern Industrial Strategy which will be announced shortly.

    Recognising there are already a  range of areas in which the UK and Scottish governments work constructively with business, the Scottish Secretary called for collaboration in new areas which could yield significant economic benefits, such as defence.

    Murray has also been working with business groups as part of his Brand Scotland programme and last week announced that the Scotland Office will fund the Scottish Chambers of Commerce to launch a new international trade initiative. This collaboration will be supported by a grant of £100,000, to promote Scottish goods and services and bring foreign direct investment into Scotland.

    Following the meeting, Mr Murray said: 

    “Scotland has two governments and most Scots rightly expect their politicians to work in partnership wherever possible, especially on something as important as economic growth. Political differences aside, I have always sought to engage constructively with Scottish Government ministers and I was delighted to co-chair this important forum today with Richard Lochhead.

    “The business and trade union groups which joined our discussion challenged us to go further and faster in helping businesses and workers feel the benefits of economic growth. I am determined to meet that challenge and want the Scottish Government to work with me in areas where we have not previously collaborated.

    “With the UK Government committing to significant increases in defence spending, there are huge opportunities for Scottish workers and defence firms, but only if both governments fully commit to giving our young people the skills they need and backing our world class defence industry.

    “On nuclear power, the announcement this week of UK Government investment for Sizewell in England is a reminder of the huge potential of nuclear power. Thousands of skilled jobs and billions of pounds of investment could come to Scotland, but only if both governments work in partnership with industry to unlock those opportunities.

    “Boosting Scottish exports and selling the best of Scotland overseas is a key lever in delivering economic growth at home. Our Brand Scotland programme, boosted by £2.25 million in the Spending Review, will do just that. I am delighted to be working with the Scottish Government and businesses of all sizes to deliver trade missions and sell our goods and services to the world.”

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: CMA consults on releasing Google from Privacy Sandbox commitments

    Source: United Kingdom – Government Statements

    News story

    CMA consults on releasing Google from Privacy Sandbox commitments

    Protections secured by the CMA are no longer needed after Google stepped back from plans which could have favoured its business in multi-billion-pound online advertising sector.

    iStock

    The Competition and Markets Authority (CMA) has today launched a consultation on releasing Google from commitments after the tech firm announced in April it was abandoning plans to prompt users to decide if they want to block third party cookies from Chrome – the popular browser used by millions of users.

    The CMA commitments were put in place to ensure that Google’s Privacy Sandbox was developed in a way that benefits consumers. Without the CMA’s oversight, Google’s original plan to deprecate third-party cookies could have weakened competition in the digital advertising sector – an industry worth billions to the UK economy – harming consumers who ultimately pay for the cost of online advertising.

    The commitments protected competition by ensuring that Google designed and developed the Privacy Sandbox in a way that did not favour its own ad-tech services over those of its competitors.

    The CMA believes the commitments are no longer necessary and is now consulting before it takes a decision  on whether to release them later this year.

    Anyone with an interest in this work is welcome to submit feedback by 11.55pm on 4 July 2025.

    More information is available via the Investigation into Google’s ‘Privacy Sandbox’ browser changes case page.

    Notes to editors

    1. The CMA has worked closely with the Information Commissioner’s Office (ICO) throughout this project to ensure that competition and privacy aspects were considered together. In the event that the Google Privacy Sandbox initiative were to give rise to competition concerns in the future, the CMA would have the ability to intervene through powers under the Digital Markets, Competition and Consumers Act 2024 as well as the Competition Act 1998.
    2. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Congressman Cleaver Votes Against Republican Rescission Package that Cuts Foreign Aid and Public Broadcasting

    Source: United States House of Representatives – Congressman Emanuel Cleaver II (5th District Missouri)

    (Washington, D.C.) – Today, U.S. Representative Emanuel Cleaver, II (D-MO) voted against the House GOP recissions package that would recklessly cut $9.4 billion from the federal budget that was previously approved on a bipartisan basis. In addition to foreign aid cuts, which are already having deadly consequences and undermining U.S. support around the world, the bill defunds America’s public broadcasting, including NPR and PBS, threatening vital sources of nonpartisan news, educational programming, and emergency services for all Americans.

    “Whether it’s ripping healthcare away from 16 million Americans, taking food off the table of millions more, or now defunding vital public broadcasters that millions of our fellow Americans rely on like PBS and NPR, my House Republican colleagues have made clear that nothing is off the table when it comes to budget cuts that will help pay for more tax breaks that overwhelmingly benefit the wealthiest among us,” said Congressman Cleaver. “While I was hopeful that just a handful of my colleagues across the aisle would block this short-sighted and dangerous decision, it will fall upon the Senate to protect these services for the American people.”

    Earlie this week, Congressman Cleaver fought to protect funding for America’s public broadcasting by introducing an amendment to remove a provision within the Republican rescission package that would eliminate federal funding for these vital institutions. Unfortunately, the amendment was not adopted, and the cuts remained in the package passed today.

    Congressman Cleaver has been a longtime supporter of America’s public broadcasting, pushing back on the Trump administration’s effort to undermine these vital services. In March, Cleaver joined a bipartisan coalition of lawmakers to call for continued funding for public broadcasting following reports the FCC had opened a frivolous investigation into NPR and PBS and signaled interest in defunding the outlets.  In May, the Congressman again joined a cohort of lawmakers to call on the Committee on Appropriations to maintain funding for CPB programs.

    Emanuel Cleaver, II is the U.S. Representative for Missouri’s Fifth Congressional District, which includes Kansas City, Independence, Lee’s Summit, Raytown, Grandview, Sugar Creek, Greenwood, Blue Springs, North Kansas City, Gladstone, and Claycomo. He is a member of the exclusive House Financial Services Committee and Ranking Member of the House Subcommittee on Housing and Insurance.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Speech by CE at Opening Ceremony of Chinese Culture Festival 2025 (with video)

    Source: Hong Kong Government special administrative region

    Speech by CE at Opening Ceremony of Chinese Culture Festival 2025 (with video) 
    I would now like to turn to our English-speaking friends.
     
    Welcome to the opening reception of the Chinese Culture Festival 2025.
     
    Launched last year by the Government, the Chinese Culture Festival aims to showcase the remarkable virtues of traditional Chinese culture to the world. In 2024, we successfully presented over 250 performances and activities, attracting a substantial attendance of 900 000. 
     
    This year, the second edition of the Chinese Culture Festival will present more than 280 programmes and activities. To kick-start the Festival, this evening we are presenting a contemporary dance drama to you. Titled “Dongpo: Life in Poems”, this performance is brought to you by the China Oriental Performing Arts Group, and uses a variety of innovative means to present Chinese poetry, calligraphy, painting and music.
     
    Other Festival programmes include Chinese operas, local performances as recognised by the China National Arts Fund, as well as specially curated programmes co-organised with the China Federation of Literary and Art Circles Hong Kong Member Association and arts and cultural organisations.
     
    Under the “one country, two systems” principle, Hong Kong is the only world city that enjoys both the China advantage and the global advantage. We will make full use of Hong Kong’s position as an East-meets-West centre for international cultural exchange to promote the beauty of Chinese culture.
     
    An important strategic direction featured in the Blueprint for Arts and Culture and Creative Industries Development, published by the Government last year, is on the promotion of the profound traditional Chinese culture. I am confident that the Chinese Culture Festival will become a new major annual cultural event in Hong Kong, attracting not only local residents but also Mainland and overseas tourists with its vibrant programme.
     
    I wish the Festival a resounding success, and all of you an enjoyable evening. Thank you.
    Issued at HKT 20:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Attorney General Alan Wilson and Office of the Attorney General mark World Elder Abuse Awareness Day 2025Read More

    Source: US State of South Carolina

    Promotes awareness of social isolation’s impact on older investors

    (COLUMBIA, S.C.) — In recognition of World Elder Abuse Awareness Day on June 15, Attorney General Alan Wilson is raising awareness about the devastating impact social isolation can have on older investors in South Carolina.

    Social isolation, whether voluntary or involuntary, significantly contributes to the financial exploitation of older investors. Using personal details from obituaries and social media posts, scammers often target seniors during vulnerable times, such as health crises or after the death of a loved one.  Scammers may also exploit trust within seniors’ social and support groups to become more involved in their lives.

    “We are committed to empowering older investors in South Carolina and their loved ones with the tools they need to prevent investment fraud. Knowledge and vigilance are our best defenses against scammers,” said Attorney General Wilson.

    To protect older investors, the Attorney General’s Office stresses the importance of regular contact with seniors to reduce isolation and vulnerability. Open conversations within families about fraud and scams can also enhance seniors’ security and reduce their risk of financial exploitation.

    The North American Securities Administrators Association (NASAA), of which South Carolina is a member, has developed resources on how to protect yourself from investment scams. You can find NASAA’s investor advisories on its website, including one on social isolation and the risk of investment fraud.

    Attorney General Wilson asks anyone with suspicions of possible senior financial exploitation to contact the Securities Division of the Attorney General’s Office by calling 803-734-9916 or by emailing [email protected].  Investors can submit a complaint or request an investor protection speaker by visiting the Attorney General’s Office website at InformedInvestorSC.com.

    MIL OSI USA News –

  • MIL-OSI: Co-Founder of MidCap Howard Widra to Retire at the End of 2026

    Source: GlobeNewswire (MIL-OSI)

    BETHESDA, Md., June 13, 2025 (GLOBE NEWSWIRE) — MidCap Financial (“MidCap”) today announced that Howard Widra, Co-Founder of MidCap and Partner at MidCap’s investment manager, Apollo Global Management, Inc. (“Apollo”), will retire from MidCap and Apollo at the end of 2026. Mr. Widra will continue in his current role through December 31, 2026. Steve Curwin, Co-Founder and CEO of MidCap, and Chad Leat, non-executive Board Chair of MidCap, have been named Co-Executive Chairmen of MidCap. David Moore and Josh Groman will continue in their roles as Co-Presidents of MidCap.

    “Being part of the growth and success of MidCap has been my proudest professional accomplishment,” said Mr. Widra. “Our creative and collaborative business model has been critical to our success and enabled us to develop a unique culture that has produced a very deep and long-tenured team. I couldn’t be more excited about the prospects for MidCap and look forward to seeing the business continue to flourish for many years.”

    During Mr. Widra’s tenure, MidCap has grown from a start-up venture to a leader in private credit with over $55 billion of commitments under management and administration. MidCap is a market leader in each of its seven core markets and has one of the largest private credit origination teams in the industry.

    “Howard has been a great leader and partner over the last 17 years, driving growth for MidCap, its clients and its investors,” said Mr. Curwin. “Thanks to Howard’s leadership, the business is well-positioned to thrive, and we are confident in our ability to ensure MidCap remains an industry leader far into the future.”

    About MidCap Financial

    MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of March 31, 2025, MidCap Financial provides administrative or other services for approximately $55 billion of commitments*. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc., pursuant to an investment management agreement. Apollo had assets under management of approximately $785 billion as of March 31, 2025.

    For more information about MidCap Financial, please visit www.midcapfinancial.com.

    For more information about Apollo, please visit www.apollo.com.

    *Including $6.9 billion of commitments managed by MidCap Financial Services Capital Management LLC, a registered investment adviser, as reported under Item 5.F on Part 1 of its Form ADV

    Contact

    Kimberly Sobel

    MidCap Head of Marketing and Business Strategy

    ksobel@apollo.com

    The MIL Network –

  • MIL-OSI: June 2025 Letter to Shareholders of Nvni Group Limited

    Source: GlobeNewswire (MIL-OSI)

    ~ Building on a Strong Foundation through Operational Progress and Strategic Initiatives ~

    NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private B2B SaaS companies in Latin America, today issued a letter to shareholders from Nuvini Founder and CEO Pierre Schurmann.

    Dear Fellow Shareholders,

    As we quickly approach the end of the second quarter, I wanted to provide an update on Nuvini’s continued success, detailing developments from my last letter in May and discussing what lies ahead in the near future and beyond for the Company. As mentioned in my last letter, Nuvini is amid its next phase of growth driven by leverage and execution as we continue to execute our strategic acquisitions, highlighted by our successful acquisition of Munddi, an online platform that connects brands with consumers, suppliers, and retail chains in Brazil. I am pleased to also provide updates on our recent operational highlights, NuviniAI and our initiatives to strengthen our operating muscle by welcoming Gustavo Usero as our new Group Operating Director.

    Munddi Acquisition

    The successful acquisition of Munddi was one of four planned acquisitions this year and a significant value add to our ecosystem of Latin America based B2B SaaS solutions, creating new synergies to drive revenue growth. Further, Munddi allows us to unlock cross-selling opportunities across our portfolio, specifically for Onclick, Leadlovers and Mercos, our retail and supply chain solutions. With a strong M&A pipeline, I am excited to continue to provide developments regarding additional accretive acquisitions in the near future and throughout the remainder of the year.

    Operational Highlights

    We are encouraged to see continued strength in recurring revenues and execution of disciplined cost management across our portfolio of B2B SaaS solutions. As our AI and shared services platforms scale, we expect further margin enhancement and are already seeing early indicators tracking ahead of plan. To that point, our AI implementation is already showing measurable impact on our numbers, reducing overhead by 8%.

    NuviniAI: From Ideation to Implementation

    Delving deeper into Nuvini’s AI initiatives, I would like to touch on the NuviniAI challenge, our internal innovation initiative, which has garnered ten high-potential finalist projects. The final selection event is scheduled for July 15, 2025, to be held at Oracle’s office in São Paulo, and the top three projects will enter the implementation phase in the third quarter. Accordingly, we plan to launch three new AI-first products to our current client base by the end of the year.

    Strengthening Our Operating Muscle

    At Nuvini we are always looking for ways to increase our operational efficiency and we are thrilled to welcome Gustavo Usero, formerly of Vela Software (a Constellation Software company) effective as of April 1st, 2025, as our new non executive Group Operating Director. Gustavo brings deep experience in value creation and integration strategies across SaaS portfolios to Nuvini. His mandate will be to elevate our playbook for operational excellence and accelerate our AI-driven efficiency programs and his primary focus includes strengthening budgeting discipline, expanding EBITDA margins, and implementing robust performance management frameworks.

    I look forward to providing future updates and thank you for your continued trust.

    Sincerely,

    Pierre Schurmann

    Founder & CEO, Nuvini

    About Nuvini

    Headquartered in São Paulo, Brazil, Nuvini is Latin America’s leading private serial acquirer of B2B SaaS companies. The company focuses on acquiring profitable, high-growth SaaS businesses with strong recurring revenue and cash flow generation. By fostering an entrepreneurial environment, Nuvini enables its portfolio companies to scale and maintain leadership within their respective industries. The company’s long-term vision is to buy, retain, and create value through strategic partnerships and operational expertise.

    Forward-Looking Statements

    Statements about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, without limitation: the Company’s ability to complete the potential acquisitions on the anticipated timeline or at all; general market conditions that could affect the consummation of the potential acquisition; if definitive documents with respect to a potential acquisition are executed, whether the parties will achieve any of the anticipated benefits of any such transactions; and other factors discussed in the “Risk Factors” section of the Company’s Ǫuarterly and Annual Reports filed with the SEC, and the risks described in other filings that the Company may make with the SEC. Any forward-looking statements speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Investor Relations Contact

    Sofia Toledo
    ir@nuvini.co

    MZ North America
    NVNI@mzgroup.us

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Adds to Bitcoin Treasury Holdings Amid Continued Market Momentum

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, June 13, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced it has purchased additional Bitcoin (BTC) as part of its treasury strategy first initiated in June 2024.

    The move follows the Company’s earlier purchases of 51 and 11 BTC in February 2025. With this latest addition, Bitcoin Depot now holds over 100 BTC in its treasury, further reinforcing its belief in Bitcoin’s long-term potential as both a strategic asset and a store of value.

    “As the digital asset landscape continues to evolve during a period of strong industry momentum and innovation, we view Bitcoin as a foundational piece of our long-term growth strategy, and this purchase is a continuation of that conviction,” said Brandon Mintz, CEO and founder of Bitcoin Depot. “As we expand our treasury and our footprint, we remain committed to enabling access to Bitcoin and aligning with its future.”

    This announcement comes as Bitcoin continues to experience significant momentum in 2025, marked by policy and regulatory clarity, growing institutional demand, increased adoption, and the recent all-time price high of over $111,000.

    Bitcoin Depot’s latest BTC purchase also follows a wave of strong business growth for the Company, including the recent strategic acquisition of regional operator Pelicoin’s assets to further strengthen its market leadership. Today, Bitcoin Depot operates the largest Bitcoin ATM network in North America, with more than 8,500 locations and a growing international footprint.

    The financial terms of the transaction were not disclosed. For more information, visit www.bitcoindepot.com.

    About Bitcoin Depot 
    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America with over 8,500 kiosk locations as of June 2025. Learn more at www.bitcoindepot.com. 

    Cautionary Note Regarding Forward-Looking Statements
    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Amendment, and the closing of the Preferred Sale. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

    Contacts: 

    Investors  
    Cody Slach
    Gateway Group, Inc.  
    949-574-3860  
    BTM@gateway-grp.com 

    Media  
    Brenlyn Motlagh, Ryan Deloney  
    Gateway Group, Inc. 
    949-574-3860  
    BTM@gateway-grp.com 

    The MIL Network –

  • MIL-OSI: StepStone Real Estate Named Investment Consultancy of the Year by IPE Real Estate for Fourth Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) — StepStone Real Estate (SRE), the real estate arm of private markets investment firm StepStone Group (Nasdaq: STEP), announced today that it was the recipient of the 2025 IPE Real Estate Global Awards’ Investment Consultancy of the Year.

    The Investment Consultancy of the Year Award recognizes SRE’s approach to advising its institutional clients and investors on their real estate investment programs. The judges noted that the firm’s competitive advantages included its global reach, experienced team, relationships with general partners, market coverage, and proprietary technology for market intelligence, cementing its position as one of the world’s leading real estate investors. In 2024, our team conducted approximately 1,000 manager meetings and approved $14 billion in real estate capital commitments across 47 funds.

    “Our hands-on experience investing in secondaries, recapitalizations and co-investments coupled with our deep manager, fund and market research capabilities differentiates us as a real estate advisor,” said Jeff Giller, Partner and Head of SRE. “We are honored to have been recognized as Investment Consultancy of the Year for the fourth year in a row and look forward to continuing to provide tailor-made solutions to our diverse and growing client base.”

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for approximately $709 billion of total capital, including $189 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    The MIL Network –

  • MIL-OSI Video: UK Making Manchester Britain’s second city | Lord O’Neill of Gatley | #houseoflords

    Source: United Kingdom UK House of Lords (video statements)

    Making Manchester Britain’s second city in Lord Speaker’s Corner this month as Jim O’Neill, Lord O’Neill of Gatley, speaks to Lord McFall of Alcluith.

    The former minister and ex-Goldman Sachs chief economist talks tariffs and US President Donald Trump’s approach, regulating AI and greater devolution across the UK.

    Listen now wherever you get your podcasts – search ‘House of Lords Podcast.
    Watch on YouTube https://www.youtube.com/watch?v=3BHfC5saj3g
    Read a transcript and see more episodes https://www.parliament.uk/business/lords/house-of-lords-podcast/lord-oneill-of-gatley-lord-speakers-corner/

    https://www.youtube.com/watch?v=A_9YEwC4ldc

    MIL OSI Video –

  • MIL-OSI Security: Statement on the Situation in Iran

    Source: International Atomic Energy Agency – IAEA

    IAEA Director General Rafael Mariano Grossi. (Photo: D. Calma/IAEA)

    Early this morning, the International Atomic Energy Agency (IAEA) was informed of the military operation launched by Israel which includes attacks on nuclear facilities in the Islamic Republic of Iran.

    We are currently in contact with the Iranian nuclear safety authorities to ascertain the status of relevant nuclear facilities and to assess any wider impacts on nuclear safety and security. At present, the competent Iranian authorities have confirmed that the Natanz enrichment site has been impacted and that there are no elevated radiation levels. They have also reported that at present the Esfahan and Fordow sites have not been impacted.

    This development is deeply concerning. I have repeatedly stated that nuclear facilities must never be attacked, regardless of the context or circumstances, as it could harm both people and the environment.  Such attacks have serious implications for nuclear safety, security and safeguards, as well as regional and international peace and security.

    In this regard, the IAEA recalls the numerous General Conference resolutions on the topic of military attacks against nuclear facilities, in particular, GC(XXIX)/RES/444 and GC(XXXIV)/RES/533, which provide, inter alia, that “any armed attack on and threat against nuclear facilities devoted to peaceful purposes constitutes a violation of the principles of the United Nations Charter, international law and the Statute of the Agency”. 

    Furthermore, the IAEA has consistently underlined that “armed attacks on nuclear facilities could result in radioactive releases with grave consequences within and beyond the boundaries of the State which has been attacked”, as was stated in GC(XXXIV)/RES/533.

    As Director General of the International Atomic Energy Agency, and consistent with the objectives of the IAEA under the IAEA Statute, I call on all parties to exercise maximum restraint to avoid further escalation. I reiterate that any military action that jeopardizes the safety and security of nuclear facilities risks grave consequences for the people of Iran, the region, and beyond.

    Yesterday, the Board of Governors adopted an important resolution on Iran’s safeguards obligations. In addition to this, the Board resolution stressed its support for a diplomatic solution to the problems posed by the Iranian nuclear programme.

    The IAEA continues to monitor the situation closely, stands ready to provide technical assistance, and remains committed to its nuclear safety, security and safeguards mandate in all circumstances. I stand ready to engage with all relevant parties to help ensure the protection of nuclear facilities and the continued peaceful use of nuclear technology in accordance with the Agency mandate, including, deploying Agency nuclear security and safety experts (in addition to our safeguards inspectors in Iran) wherever necessary to ensure that nuclear installations are fully protected and continue to be used exclusively for peaceful purposes.

    I wish to inform the Board that I have indicated to the respective authorities my readiness to travel at the earliest to assess the situation and ensure safety, security and non-proliferation in Iran.

    I have also been in contact with our inspectors in Iran and Israel. The safety of our staff is of paramount importance. All necessary actions are being taken to ensure they are not harmed.

    Despite the current military actions and heightened tensions, it is clear that the only sustainable path forward—for Iran, for Israel, the entire region, and the international community—is one grounded in dialogue and diplomacy to ensure peace, stability, and cooperation. 

    The International Atomic Energy Agency, as the international technical institution entrusted with overseeing the peaceful use of nuclear energy, remains the unique and vital forum for dialogue, especially now. 

    In accordance with its Statute and longstanding mandate, the IAEA provides the framework and natural platform where facts prevail over rhetoric and where engagement can replace escalation. 

    I reaffirm the Agency’s readiness to facilitate technical discussions and support efforts that promote transparency, safety, security and the peaceful resolution of nuclear-related issues in Iran.

    MIL Security OSI –

  • MIL-OSI Security: NATO Secretary General in Stockholm, highlights Sweden’s defence industry leadership and support to Ukraine

    Source: NATO

    NATO Secretary General Mark Rutte met Prime Minister of Sweden Ulf Kristersson in Stockholm on Friday (13 June 2025) to discuss preparations for the NATO Summit in The Hague.

    Mr Rutte noted that Sweden – NATO’s newest member – is “already making major contributions across the Alliance” since joining in March 2024, including through contributions to Forward Land Forces in Latvia, and leading NATO’s newly established Forward Land Forces in Finland.

    “Your Gripen fighter jets help patrol the skies over Poland, and your ships contribute to our enhanced military presence in the Baltic Sea through Baltic Sentry,” he said. The Secretary General also highlighted how Sweden’s expertise in the High North strengthens NATO’s regional posture and reinforces the Alliance’s ability to support Baltic Allies. 

    In 2024, Sweden invested 2.66% of GDP on defence, with plans to go further. “This is a clear demonstration of Sweden’s commitment to collective defence,” said the Secretary General.  Mr Rutte also underlined Sweden’s leadership in strengthening NATO’s defence industrial base. “You have a world-class defence sector,” he said. He welcomed Sweden’s role in defence industrial production, research, and resilience.

    Secretary General Rutte also commended Sweden for its staunch support of Ukraine. “Since 2022, you have provided over 7 billion euros in military assistance – including 1.25 billion in the first four months of this year alone. In terms of GDP, this places Sweden among the top contributors to Ukraine.” He also welcomed Sweden’s investment in Ukraine’s defence industry, saying: “You are truly leading by example.”

    Turning to the upcoming NATO Summit in The Hague, the Secretary General highlighted the need for increased investment and stronger defence industrial capacity. “I expect leaders to make bold decisions to further strengthen our deterrence and defence – including agreeing a new defence investment plan that would bring our defence investment to 5% of GDP.”

    In Stockholm, Secretary General Rutte also took part in a panel discussion at the annual Bilderberg meeting, alongside the President of the European Investment Bank Nadia Calviño and US Army General Chris Donahue. The discussion was moderated by Minister of Foreign Affairs of Poland Radoslaw Sikorski.

    MIL Security OSI –

  • MIL-OSI Africa: Minister of State for Foreign Affairs Meets Iranian Ambassador

    Source: Government of Qatar

    Doha, June 13

    HE Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi met on Friday with HE Ambassador of the Islamic Republic of Iran to the State of Qatar, Ali Salehabadi.

    During the meeting, the two sides discussed aspects of bilateral cooperation and explored ways to enhance and develop them. They also addressed the latest developments in the region.

    HE the Minister of State for Foreign Affairs reaffirmed the State of Qatar’s strong condemnation and deep denunciation of the Israeli attack on the Iranian territory, describing it as a blatant violation of Iran’s sovereignty and security, and a clear breach of international law and established principles.

    MIL OSI Africa –

  • MIL-OSI Africa: EC intensifies relief efforts after extreme weather claims 78 Lives

    Source: South Africa News Agency

    The Eastern Cape Provincial Government, in collaboration with municipalities and social partners, is providing essential relief and recovery services to the communities affected by heavy rains and strong winds that have battered the province since Monday.

    The devastating weather conditions have so far claimed the lives of 78 people across multiple districts, with the OR Tambo District Municipality recording the highest number of fatalities.

    “The OR Tambo District Municipality accounts for more than 50 fatalities, while Amathole District Municipality accounts for more than six. Bodies are being held at the Mthatha Forensic Mortuary, with identification efforts currently underway,” the provincial government said.

    Giving an update on the provincial government’s response and recovery efforts on Thursday, it said a coordinated, multi-agency response was in full effect focusing on rescue operations, relief distribution, and infrastructure recovery.

    A reception area has been set up at Sir Henry Elliot Hall to offer counselling the affected families. In the Amathole District alone, approximately 1 000 displaced residents are being sheltered in community facilities.

    Emergency relief measures, including food, blankets, and clean water, have also been distributed to affected communities, and Primary Health Care (PHC) services are being delivered on-site. Emergency medical referrals are being facilitated where necessary.

    Rescue efforts for hard-hit areas

    Among the areas hard-hit by the severe weather conditions include Slovo Park and Decoligny Village in Mthatha, within the OR Tambo District.

    A total of 38 people were successfully rescued in Mthatha, through joint efforts by Emergency Medical Services (EMS), the South African Police Service (SAPS), and various volunteer organisations.

    “Two helicopters, search and rescue vehicles, K9 units, and technical rescue teams have been deployed. In Joe Gqabi District, heavy snow has led to road closures [while] Alfred Nzo District and surrounding areas [have suffered] critical damage to infrastructure, including roads, clinics, schools, and hospitals,” the provincial government said.

    The storm has further caused widespread damage to public infrastructure, with at least 127 schools across 10 districts, and about 20 health facilities affected.

    “Assessment and mapping of affected schools are ongoing, while restoration efforts for power, water supply, and road infrastructure are currently underway with the support of engineering teams,” the provincial government said.

    Eastern Cape Premier, Oscar Mabuyane, extended his heartfelt condolences to the families who have lost their loved ones in the disaster and reaffirmed the government’s commitment to restoring safety and dignity to the affected communities. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Kgodumodumo Dinosaur Interpretation Centre to boost tourism

    Source: South Africa News Agency

    The Department of Tourism in partnership with the Department of Forestry, Fisheries and the Environment (DFFE) will launch the Kgodumodumo Dinosaur Interpretation Centre in the Free State province next week.

    Tourism Minister Patricia de Lille and the Minister of Forestry, Fisheries and the Environment Dion George will launch the Centre.

    The two departments recently signed a Memorandum of Understanding (MoU) to develop the Kgodumodumo Dinosaur Interpretation Centre to boost tourism in the Free State.

    “The Kgodumodumo Dinosaur Interpretation Centre is a world class and state-of-the art interactive visitor attraction with strong potential for tourism growth,” the Department of Tourism said in a statement. 

    Situated within the Golden Gate Highlands National Park (GGHNP) in the Free State, the centre will offer visitors an innovative, creative and quality demonstration of scientific knowledge (paleontological, archaeological and geological) with a broader appreciation of cultural heritage through interactive exhibitions. 

    The department successfully secured funding of R120 million from the European Union through the National Treasury for the implementation of the Kgodumodumo Dinosaur Interpretation Centre. 

    The centre is managed by the South African National Parks (SANParks), and it is envisaged that the facility will increase the bed occupancy and more activities for visitors to the park. 

    The development of the project includes the Interpretation Centre (paleontological offices and work space), the reception area, lecture halls, the display area-exhibition and display installation, the coffee/curio shop, the activity node – office, activity areas (children), parking – paved parking area, look-out point and bulk services, upgrade electrical supply – transformer & cable, sewer – connect to existing system water – connection.

    According to the Department of Tourism, the centre celebrates a globally significant paleontological discovery—the oldest dinosaur embryos known to man offering a world-class educational and cultural experience that deepens public understanding of our natural history.

    “The interpretation centre is a unique local attraction which offer visitors an innovative, creative and quality demonstration of scientific knowledge,” the department said.

    The centre will be a key driver of local economic development, job creation and tourism growth in the eastern Free State.

    The event will culminate with a graduation of the tourist guides that were trained as part of the development of the centre. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: SA extends its condolences to India following plane crash 

    Source: South Africa News Agency

    Friday, June 13, 2025

    The Department of International Relations and Cooperation has extended condolences to the government and people of India after a plane that was carrying 242 passengers crashed.

    “The thoughts of the people of South Africa are with the people of India as well as the people of all other countries affected by the crash during this difficult time and extends its sympathy to those families who have lost loved ones,” the department said in a statement.

    This as an India Airlines plane crashed shortly after take-off from Ahmedabad on Thursday afternoon. Flight AI171 was en route from Ahmedabad to London when it crashed into a hostel for doctors. 

    It was carrying 242 passengers from various nationalities, and the cause of the crash is still unknown.

    According to the latest reports, Indian Prime Minister Narendra Modi has visited the scene of the plane crash and met the injured people in the hospital. 

    BBC reported that the sole survivor, British national Vishwashkumar Ramesh, who sat in seat 11A, is recovering in hospital, with his brother stating he “has no idea how he survived”. 

    The British public service broadcaster stated there were 169 Indian nationals, 53 Britons, seven Portuguese nationals, and one Canadian on the flight. 

    Meanwhile, other reports indicate that at least 290 people are dead as families continue to provide DNA samples to assist in identification victims.

    Former India’s Gujarat Chief Minister Vijay Rupani, who served between 2016 and 2021, was among the passengers on the plane. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Seminar to explore leveraging of AfCFTA for inclusive development

    Source: South Africa News Agency

    The Human Sciences Research Council’s Africa BRICS and Global South (ABGS) research unit will host a seminar focused on utilising the African Continental Free Trade Area (AfCFTA) to promote regional health-industrial integration and foster inclusive development across the continent. 

    The ABGS research unit, based at the Human Sciences Research Council’s (HSRC), focuses on issues related to Africa, BRICS, and the Global South.

    Their research explores topics like economic integration, health security, and the role of BRICS in the Global South. 

    The hybrid seminar will be held at the HSRC Building in Pretoria on Tuesday, 17 June 2025.

    Presented by Senior Lecturer at the University of Edinburgh, Dr Geoffrey Banda, the seminar will focus on how the AfCFTA can be a powerful catalyst for strengthening Africa’s local health security through increased and resilient regional trade, industrialisation, and innovation.

    “The seminar will further explore how aligning health and industrial policy within the framework of the AfCFTA can drive job creation, enhance resilience, and support the continent’s broader development ambitions under Agenda 2063,” the advisory read. 

    In his recent book, “Cancer Care in Pandemic Times: Building Inclusive Local Health Security in Africa and India”, Banda makes a strong argument for an interdisciplinary approach that combines health research with industrialisation and regional economic integration. 

    The HSRC said this approach aims to develop sustainable and context-specific solutions to the health challenges faced in Africa.

    Key themes to be explored include the vulnerabilities associated with reliance on global supply chains, the intentional connection between health and industrial capabilities, the transition to new technologies along with industrial capabilities, and the use of the AfCFTA to scale innovative procurement. 

    “This approach aims to gradually develop continental innovation ecosystems that support resilient regional trading systems.”- SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Majodina dismisses claims linking Mthatha dam to devastating floods

    Source: South Africa News Agency

    Water and Sanitation Minister Pemmy Majodina, together with OR Tambo District Executive Mayor Mesuli Ngqondwana and King Sabata Dalindyebo (KSD) Municipality Executive Mayor Nyaniso Nelani, has dismissed claims that the Mthatha Dam caused the recent flooding in Mthatha, Eastern Cape.

    This comes after widely circulated social media videos alleging that the recent floods were due to the opening of sluice gates at the Mthatha Dam.

    In a statement issued on Friday, the Department of Water and Sanitation described the allegations as “unfounded and devoid of any truth.”

    “The Department of Water and Sanitation that owns and operates the Mthatha Dam, can confirm that the dam does not have sluice gates but have designed spillways which automatically releases water when it reaches its full capacity. KSD and OR Tambo Municipalities have no jurisdiction over the dam which is a source of water supply for the Mthatha area,” the department said.

    The department also disputed a separate viral video purporting to show the Mthatha Dam overflowing. The department said the dam shown in the footage is located over 20 kilometres downstream of the Mthatha dam and is unrelated to the dam or flood-affected communities.

    Following Tuesday’s flooding, the department said dam safety engineers were dispatched on the ground to assess the situation.

    Their findings indicated that flooding was caused by significant inflows from the Cicira tributary into the Mthatha River, downstream from the dam, which resulted in the riverbanks overtopping.

    “Upon assessment by the department’s engineers, the gauge readings at the dam indicated that on 9 June 2025 at 4pm, the water levels at the dam were sitting at 99.8%, which was a slight decline from the 99.9% of the previous week.

    “However, by midnight on the same day, the dam experienced a sudden inflow of water from the rains in the upstream catchment which increased the stored water from 99.8%% to 102% leading to the dam spilling,” the department explained.

    The department added that the outflow of water from the dam coincided with the heavy flows from Cicira River downstream.

    According to assessments, the upper reaches of the tributary also experienced flash flooding in saturated conditions, leading to the Mthatha River overflowing its banks.

    The department said it is working with the OR Tambo District to restore operations at the Thornhill Water Treatment Works, which was also affected by the floods.

    Efforts are also underway to resume its function and able to supply the town with potable water.

    Majodina condemned the distribution of fake news, while the nation mourns the tragic deaths occasioned by the inclement weather. She also urged the public to be vigilant and verify the facts before sharing online.

    “Read the room and refrain from inflicting more pain to those that are affected by the disaster,” Majodina said.

    The Minister also conveyed her heartfelt condolences to the families who have lost their loved ones due to devastating floods, which have claimed 78 lives across the province, including over 50 of them from Mthatha alone. – SAnews.gov.za 
     

    MIL OSI Africa –

  • Delhi scorched, but not for long: IMD predicts dip in temperature after thunderstorm

    Source: Government of India

    Source: Government of India (4)

    Residents of the national capital may finally get some relief from the relentless heat, as the India Meteorological Department (IMD) has predicted thunderstorms and rainfall later on Friday, which are expected to ease the sweltering conditions that have gripped Delhi and surrounding regions for the past several days.

    Speaking to IANS, IMD scientist Akhil Srivastava said: “The maximum temperature in Delhi-NCR remains high, and the night temperature is also above normal. Due to these conditions, we had issued a red alert on Thursday. For June 13, we are expecting hot and humid conditions during the day, with a possibility of a heatwave in some parts of the region. Accordingly, we have issued an orange to red alert for today.”

    Srivastava added that thunderstorm activity is anticipated by Friday night, with wind speeds ranging from 40 to 60 km/h.

    “This weather pattern may persist for the next two to three days, which is likely to bring down the maximum temperature,” he said.

    “Currently, Delhi is recording temperatures around 44 degrees Celsius. We expect this to fall to around 40 degrees Celsius by June 15 or 16.”

    Srivastava also said that northwestern India is also expected to remain hot, with no significant change in maximum temperatures over the next 48–72 hours.

    “We estimate a potential drop of 2 to 4 degrees Celsius in the coming days. However, western Rajasthan will continue to face severe heat conditions, for which a red alert has been issued. Warm night conditions are being observed across the region, with night temperatures also staying above average, increasing the overall impact.”

    The IMD has issued red alerts for Punjab and Haryana for the next two days due to expected extreme conditions. Rajasthan is also under a red alert for Friday, which will be followed by an orange alert for the next two days. In Uttar Pradesh and Jammu & Kashmir, orange alerts have been issued as cooler weather is expected over the weekend.

    Srivastava also noted a likelihood of light to very light rainfall in parts of Delhi, associated with the thunderstorm activity.

    “While the intensity of the rainfall may be low, it will contribute to a temporary cooling effect and offer some respite from the oppressive heat.”

    Responding to whether this summer has been hotter than usual, Srivastava said: “Heatwaves are not new to Delhi or North India. We witnessed similar extreme temperatures last year as well. It would not be accurate to say this year is significantly worse; rather, such patterns are becoming increasingly frequent.”

    (IANS)

  • Ahmedabad plane crash: Black box recovered from Air India AI-171 wreckage

    Source: Government of India

    Source: Government of India (4)

    The black box of the Air India Boeing 787-8 Dreamliner, which crashed minutes after takeoff from Gujarat’s Ahmedabad, has been recovered from the wreckage of the aircraft.

    The black box, technically known as the flight data recorder, is expected to play a vital role in uncovering the cause of the disaster. It contains crucial information such as flight speed, altitude, engine performance, and cockpit audio, including communications between the pilots and air traffic control.

    These specialised devices are built to withstand extreme temperatures, water, and severe impact, ensuring the survival of key data even under catastrophic conditions.

    Contrary to its name, the black box is typically painted bright orange to make it easier to locate amid the wreckage.

    Constructed from highly durable materials like steel and titanium, the device houses two main components: the Digital Flight Data Recorder (DFDR) and the Cockpit Voice Recorder (CVR). The DFDR logs technical flight parameters, while the CVR captures audio from the cockpit, including pilot discussions and radio exchanges with air traffic control.

    In a parallel development, the Gujarat Anti-Terrorism Squad (ATS) has also recovered a digital video recorder (DVR) from the wreckage.

    Investigators believe this could serve as additional evidence, offering visual insights into the final moments of the crash.

    Authorities are now preparing to analyse both the flight recorders and the DVR to piece together a comprehensive timeline of events leading up to the crash.

    IANS

  • MIL-OSI Russia: Exclusive: China-Central Asia Mechanism Promotes Sustainable Development of Region – Kazakh Political Scientist

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    ALMATY, June 13 (Xinhua) — Modern geopolitical challenges require enhanced and coordinated interaction between countries seeking stability and development. Central Asia and China have a unique potential to become a fulcrum of stability in the world. This opinion was expressed by Aidar Amrebayev, Director of the Center for Political Research at the Institute of Philosophy, Political Science and Religious Studies of the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan, in an exclusive interview with Xinhua.

    Speaking about the growing importance of cooperation between China and the Central Asian states, the expert noted that digitalization of infrastructure, joint development, and coordination of foreign policy positions are especially important today.

    “I think that it is in the interests of China and Central Asia to have a joint, coordinated positioning in the current geopolitical situation, which today is quite confrontational,” noted A. Amrebaev.

    The political scientist emphasized that the approaches of Kazakhstan and China largely coincide: both countries advocate strict adherence to international law, non-interference in the internal affairs of states, respect for sovereignty and territorial integrity, especially in times of acute confrontation in the international arena.

    “We are moving in the same direction. And I am convinced that the Central Asian countries are also interested in maintaining such positions. This is a signal to the world community that our region is striving for sustainable development and constructive interaction,” he added.

    In this context, the expert noted the importance of creating the UN Sustainable Development Centre in Almaty, as well as the active role of Kazakhstan and China in promoting multilateralism and strengthening international institutions, primarily the UN.

    Commenting on the 80th anniversary of the Victory in World War II and the establishment of the UN, A. Amrebaev emphasized the importance of historical memory and the role of China and Central Asia in supporting justice and honest dialogue in international relations.

    “Today, there are many inter-civilizational fault lines, economic and political confrontations. The modern world order is changing, and we need support points of stability and sustainability. In my opinion, Central Asia and China have the potential to become such a point of growth and sustainability in international relations,” the expert believes.

    The political scientist noted that despite the statements of some Western analysts about the possibility of the region turning into a “geopolitical chessboard,” the position of the Central Asian countries and China remains balanced, peaceful and pragmatic. He recalled the global initiatives of the Chairman of the People’s Republic of China Xi Jinping – in the areas of security, development, and civilizational dialogue, which give the world hope for overcoming conflicts.

    “At the Astana Forum, our president spoke about the need to look for reference points and countries capable of supporting joint and coordinated development. In the Chinese concept, this is a “community with a common destiny for humanity.” This is a wonderful philosophical concept, and Kazakhstan confirms its practical value with its actions,” said A. Amrebayev.

    The political scientist also commented on cooperation within the framework of the Belt and Road initiative, in which all five Central Asian countries participate. In his opinion, new formats of interaction between China and the regions provide a sustainable basis for economic and technological growth.

    “Today, the focus has shifted from a bilateral to a multilateral format. Let’s take water or transport issues, for example — they cannot be resolved in isolation. Broad regional coordination is needed. Therefore, participation in integration initiatives is becoming increasingly justified,” the expert noted. He emphasized that the region’s economy cannot be closed: it is necessary to go beyond bilateral corridors, taking into account global markets. In this context, Chinese initiatives create favorable conditions for the inclusion of Central Asia in the global trade and investment architecture.

    “It is important to listen to the interlocutor – this corresponds to both Chinese and Kazakh philosophy. Everyone wants to live peacefully, in harmony, raise children, interact. And it is on these values, and not on force, that the new world order should be built. I think such a philosophy is embedded in China’s initiatives and is shared by reasonable humanity,” A. Amrebaev summed up. -0-

    MIL OSI Russia News –

  • MIL-OSI Security: Man arrested following fatal shooting in Hammersmith

    Source: United Kingdom London Metropolitan Police

    A man has been arrested on suspicion of murder after a 30-year-old man was fatally shot in Hammersmith.

    Police were called to Claxton Grove, W6 at 23:19hrs on Wednesday, 11 June.

    Upon arrival, the London Ambulance Service were treating two men for gunshot wounds. Both were taken to hospital where, despite the best efforts of emergency workers and medical professionals, the 30-year-old man sadly died on Thursday, 12 June.

    His next-of-kin have been informed and are being supported by specialist officers. A post-mortem examination will take place in due course.

    The second man, also in his 30s, was treated for minor injuries and has since been discharged from hospital.

    A 28-year-old man was arrested on suspicion of attempted murder. He has since been re-arrested on suspicion of murder, and remains in police custody.

    Detective Chief Superintendent Christina Jessah, from the Central West Command Unit, said: “Our deepest sympathy is with the victim’s family who are being supported by specialist officers at this time.

    “This is a shocking crime to occur in any community, and we thank locals for their patience. They will see an increased police presence in the area as we conduct our enquires.”

    If anyone witnessed the incident, or has any information that can help the investigation, please contact the police as a matter of urgency on 101 quoting 8916/11JUN.

    To remain anonymous, call the independent charity Crimestoppers anonymously on 0800 555 111 or visit crimestoppers-uk.org

    Claxton Grove will remain closed while a crime scene is in place.

    MIL Security OSI –

  • MIL-OSI: Advanced Flower Capital Announces Dividend for the Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., June 13, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC” or the “Company”) today announced its dividend for the quarter ending June 30, 2025.

    The Board of Directors of AFC declared a quarterly dividend of $0.15 per outstanding share of common stock for the quarter ending June 30, 2025. The dividend is payable on July 15, 2025 to the common stockholders of record on June 30, 2025.

    The Board of Directors evaluates the Company’s Distributable Earnings (as defined below) each quarter to determine the dividend level. The second quarter dividend was impacted due to a realized loss during the quarter related to the loan to Public Company A.

    About Advanced Flower Capital Inc.

    Advanced Flower Capital Inc. (Nasdaq: AFCG) is a leading commercial mortgage real estate investment trust (“REIT”) that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures, underwrites and manages loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida.

    Non-GAAP Metrics

    In addition to using certain financial metrics prepared in accordance with GAAP to evaluate our performance, we also use “Distributable Earnings” to evaluate our performance excluding the effects of certain transactions and GAAP adjustments we believe are not necessarily indicative of our current loan activity and operations. Distributable Earnings is a measure that is not prepared in accordance with GAAP. Distributable Earnings and the other capitalized terms not defined in this section have the meanings ascribed to such terms in our most-recently filed Quarterly Report on Form 10-Q. We use this non-GAAP financial measure both to explain our results to shareholders and the investment community and in the internal evaluation and management of our businesses. Our management believes that this non-GAAP financial measure and the information it provides is useful to investors since this measure permits investors and shareholders to assess the overall performance of our business using the same tools that our management uses to evaluate our past performance and prospects for future performance.

    The determination of Distributable Earnings is substantially similar to the determination of Core Earnings under our Management Agreement, provided that Core Earnings is a component of the calculation of any Incentive Compensation earned under the Management Agreement for the applicable time period, and thus Core Earnings is calculated without giving effect to Incentive Compensation expense, while the calculation of Distributable Earnings accounts for any Incentive Compensation earned for such time period.

    We define Distributable Earnings as, for a specified period, the net income (loss) computed in accordance with GAAP, excluding (i) stock-based compensation expense, (ii) depreciation and amortization, (iii) any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss); provided that Distributable Earnings does not exclude, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash, (iv) provision for (reversal of) current expected credit losses, (v) taxable REIT (as defined below) subsidiary (“TRS”) (income) loss, net of any dividends received from TRS and (vi) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between our Manager and our independent directors and after approval by a majority of such independent directors.

    We believe providing Distributable Earnings on a supplemental basis to our net income as determined in accordance with GAAP is helpful to shareholders in assessing the overall performance of our business. As a REIT, we are required to distribute at least 90% of our annual REIT taxable income, subject to certain adjustments, and to pay tax at regular corporate rates to the extent that we annually distribute less than 100% of such taxable income. Given these requirements and our belief that dividends are generally one of the principal reasons that shareholders invest in our common stock, we generally intend to attempt to pay dividends to our shareholders in an amount at least equal to such REIT taxable income, if and to the extent authorized by our Board of Directors. Distributable Earnings is one of many factors considered by our Board of Directors in authorizing dividends and, while not a direct measure of net taxable income, over time, the measure can be considered a useful indicator of our dividends.

    Distributable Earnings is a non-GAAP financial measure and should not be considered as a substitute for GAAP net income. We caution readers that our methodology for calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, operating results and borrower activity. All statements other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements.

    Investor Relations Contact

    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    Media Contact

    Collected Strategies
    Jim Golden / Jack Kelleher
    AFCG-CS@collectedstrategies.com  

    The MIL Network –

  • MIL-OSI: reAlpha Expands Homebuying Platform into Texas, Marking First Step in National Realty Rollout

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, June 13, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced the expansion of its platform into Texas1 with the launch of real estate brokerage services through its REALTOR® affiliate. This milestone marks the first step in bringing reAlpha’s end-to-end homebuying experience to states outside of Florida, starting with one of the most active real estate markets in the country.

    Texas is the second‑most populous state2 in the U.S. and recorded over 323,000 home sales in 2024, with a median sale price of $347,000, representing more than $112 billion in residential transaction value3. This expansion into Texas positions reAlpha to reach millions of prospective homebuyers through a tech-enabled, streamlined platform that delivers real savings at closing, including in high-volume markets such as Dallas-Fort Worth, San Antonio, Houston, and Austin.

    “This is an exciting next step in reAlpha’s national expansion,” said Mike Logozzo, Chief Executive Officer of reAlpha. “Texas is a high-volume, high-potential market that aligns perfectly with our integrated business model. We aim to bring real value to homebuyers by combining technology-driven convenience with cost savings, and Texas is just the beginning.”

    reAlpha already has an established presence in Texas through its strategic acquisition of their licensed mortgage subsidiary, Be My Neighbor, which has been serving customers there since 2018 and currently operates across 30 states. With the addition of real estate brokerage capabilities in Texas, reAlpha is now delivering a more integrated experience on its end to end platform from search to preapproval to close.

    The Company plans to launch in additional states in the coming months as it scales its platform and continues executing its mission to modernize real estate through AI, data, and integrated experiences.

    About reAlpha Tech Corp.
    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by our Chief Executive Officer, Mike Logozzo, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    media@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    1 The reAlpha platform is currently available in 212 out of 254 counties in Texas
    2 https://www.britannica.com/topic/largest-U-S-state-by-population
    3https://www.redfin.com/news/data-center/

    The MIL Network –

  • MIL-OSI: Peyto Exploration & Development Corp. Announces Retirement of a Director and Confirms Monthly Dividend for July 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 13, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) announces the retirement of Michael (Mick) MacBean as a director and confirms the monthly dividend with respect to June 2025 of $0.11 per common share is to be paid on July 15, 2025, for shareholders of record on June 30, 2025. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

    Mr. MacBean is retiring from the Peyto board, effective June 13, 2025.  On behalf of the board, management and shareholders, we would like to thank Mick for his 20+ years of service, including his previous roles as lead independent director, Chair of the audit committee and most recently as Chair of the compensation committee.  Mick was instrumental in the design and implementation of the new Total Shareholder Return Rights Plan.  Mick’s contributions to Peyto will be greatly missed and we wish him the best in his future endeavors.  

    Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact:

    Jean-Paul Lachance
    President and Chief Executive Officer
    Phone: (403) 261-6081
    Fax: (403) 451-4100
    info@peyto.com

    Certain information set forth in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties’ control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

    The MIL Network –

  • MIL-OSI Economics: Do what you know and leave the rest to the experts: Quantifying the gains from efficient trade | Discussion paper 15/2025: Mario Larch, Philipp Meinen, Arne J. Nagengast, Yoto V. Yotov

    Source: Bundesbank

    Non-technical summary

    Research Question

    What are the potential welfare gains from efficient international trade? The question of economic efficiency is probably one of the most important and long-standing questions in economics. We complement existing work and contribute to the broader literature on economic efficiency by focusing on ‘trade specialists’, defined here as firms specializing in international trading, and by quantifying the gains from their ability to conduct efficient international trade.

    Contribution

    We make four contributions to the existing literature. First, we develop a theoretical model, which distinguishes between the trading abilities of ‘trade specialists’ vs. ‘common traders’. Second, we are the first to employ a unique firm-level dataset on the universe of German merchanting transactions, which enables us to identify the trade transactions that are conducted by ‘trade specialists’. Third, based on our theory, we specify an econometric model that decomposes the efficiency gains for trade specialists across three types of trade costs, including transportation costs, non-tariff trade barriers, and tariffs. Finally, we rely on the theoretical, general equilibrium model to translate our partial equilibrium estimates into welfare effects.

    Results

    We find strong evidence for lower trade costs, and hence, efficiency gains from trading, for trade specialists. Specifically, we find that trade specialists are less sensitive to transportation costs, especially so for long-distance trade. Utilizing the theoretical general equilibrium model, we translate our trade cost estimates of the gains for trade specialists into welfare effects. Lowering trade costs in all countries to the level of trade costs for trade specialists, we find that all countries gain in terms of welfare with an average increase in real GDP per capita of 80 %. Hence, the potential welfare gains from efficient international trade are large.
     

    MIL OSI Economics –