Source: United States Coast Guard
| News Release |
U.S. Coast Guard 8th District Public Affairs Detachment Texas |
10/15/2024 09:29 AM EDT
HOUSTON — The Coast Guard medevaced a 36-year-old female from the Galveston Jetty in Galveston, Texas, Monday.
Category: KB
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MIL-OSI Security: Video Available: Coast Guard medevacs 36-year-old from jetties in Galveston, Texas
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MIL-OSI Global: People displaced by hurricanes face anxiety and a long road to recovery, US census surveys show − smarter, targeted policies could help
Source: The Conversation – USA – By Trevor Memmott, Assistant Professor of Policy and Public Affairs, UMass Boston
Hurricane Helene flooded homes with water and mud in Marshall, N.C. Many people will be out of their homes for months or longer. AP Photo/Jeff Roberson The trauma of natural disasters doesn’t end when the storm or wildfire is gone, or even when communities are being put back together and homes have been rebuilt.
For many people, being displaced by a disaster has long-term consequences that often aren’t obvious or considered in disaster aid decisions.
We study public policy and disaster response. To get a better understanding of the ongoing challenges disaster victims face – and how officials can respond more effectively – we analyzed U.S. Census Bureau surveys that ask people nationwide about their disaster displacement experiences, as well as their stress and anxiety.
The results show how recovery from disasters such as hurricanes, wildfires, tornadoes and flooding involves more than rebuilding, and how already vulnerable groups are at the greatest risk of harm.
Millions are displaced every year
The Census Bureau’s Household Pulse Survey has been continually collecting data on people’s social and economic experiences since 2020. Since late 2022, it has specifically asked respondents whether they had been displaced from their homes because of natural disasters.
Nearly 1.4% of the U.S. adult population reported being displaced in the previous year, equating to more than 3 million Americans. The most common cause of those displacements was hurricanes, responsible for nearly one-third of the displacements.
Some groups faced a higher chance of being displaced by a natural disaster than others.
The likelihood of displacement was above average for people with incomes of less than $50,000 (1.9% of that population was displaced), disabled people (2.7%), African Americans (2.3%) and Latinos/Hispanics (1.8%), as well as for those who identified their sexual orientation as gay/lesbian, bisexual, something else, or said that they don’t know (2.2%).
The problems of displacement go beyond immediate evacuation. People may have to stay in temporary shelters such as stadiums, churches or disaster relief areas. During this time, they are likely unable to work and earn income. Others with nowhere else to go may return to still-damaged homes after the storm passes.
Many people who were displaced by a hurricane faced weeks without power or lacked access to enough food, clean water or other basic necessities. After being displaced, 64% of adults said they lacked electricity some or all of the time, 37% lacked enough food, 29% lacked drinkable water, and 25% indicated that they experienced unsanitary conditions some or all of the time.
Going without enough clean water or electricity can expose people to diseases and other health risks, on top of the stress of dealing with the damage, displacement and uncertainty about the future.
About 36% of those displaced were out of their homes for more than one month. Nearly 16% of them indicated that they never were able to return. Vulnerable groups, especially people of color and disabled people, were least likely to return home quickly.
Impacts on health
Being displaced also piles on stress and creates instability. People displaced by storms may bounce among family members’ houses, hotel rooms or even vehicles as they wait to return to a home that has been damaged. They may have lost jobs or be unable to find temporary housing nearby, creating feelings of uncertainty about the future.
People who feel that their safety or security is threatened are more likely to experience mental stress and, potentially, post-traumatic stress disorder. The effects can accumulate over time and have long-term health consequences. Chronic stress can contribute to hypertension and heart disease and make rebuilding lives even harder as people struggle with more than just the damage around them.
The Household Pulse Survey also collects information on the symptoms of anxiety and depression that individuals experience.
Among those who have been displaced by a hurricane, 38% indicated experiencing generalized anxiety, a much higher percentage than the 23% of the population who did not experience displacement.
Similarly, 33% of those who were displaced experienced symptoms of major depressive disorder compared with 18% of the population who did not face displacement.
Better policies for long-term recovery
The survey results highlight the need to restore water and power to homes quickly after disasters. The results also point to prioritizing communities that are least able to afford being displaced.
Studies have shown that low-income communities often wait longest for power to be restored after hurricanes. The survey shows that these communities and other disadvantaged groups also face higher levels of displacement after disasters.
Beyond the immediate responses to a disaster, the survey suggests that federal, state and local policymakers will have to consider long-term assistance for both housing recovery and for health care.
A young man stares at what is left of his family’s homes after Hurricane Helene flooded parts of Hendersonville, N.C., in September 2024.
AP Photo/Brittany PetersonCurrently, the Federal Emergency Management Agency primarily focuses on providing short-term disaster relief. The large majority of its disaster funding goes toward evacuation, temporary shelter for people displaced, emergency supplies, insurance and rebuilding community infrastructure. While other federal programs provide rebuilding assistance for individuals, they don’t sufficiently address the long-term challenges, in our view.
Some ways government could help include providing targeted cash transfers to ensure vulnerable households can rebuild, investing in affordable and climate-resilient housing that can limit losses in future disasters, and funding long-term mental health services for disaster survivors at free or reduced cost.
As the climate warms, extreme storms are becoming more common in every region of the country. That’s raising the risks and the need for policymakers to prepare communities to limit harm from disasters and recover afterward. We believe rebuilding lives will require support long term, both for building more resilient homes and infrastructure and for recovering from the trauma.
Christian Weller is affiliated with the Center for American Progress (Senior Fellow)
Trevor Memmott does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. People displaced by hurricanes face anxiety and a long road to recovery, US census surveys show − smarter, targeted policies could help – https://theconversation.com/people-displaced-by-hurricanes-face-anxiety-and-a-long-road-to-recovery-us-census-surveys-show-smarter-targeted-policies-could-help-241189
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MIL-OSI Economics: Apple introduces powerful new iPad mini built for Apple Intelligence
Source: Apple
Headline: Apple introduces powerful new iPad mini built for Apple Intelligence
October 15, 2024
PRESS RELEASE
Apple introduces powerful new iPad mini built for Apple Intelligence
The ultraportable iPad mini is more capable and versatile than ever with the powerful A17 Pro chip and support for Apple Pencil Pro
CUPERTINO, CALIFORNIA Apple today introduced the new iPad mini, supercharged by the A17 Pro chip and Apple Intelligence, the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. With a beloved ultraportable design, the new iPad mini is available in four gorgeous finishes, including a new blue and purple, and features the brilliant 8.3-inch Liquid Retina display. A17 Pro delivers a huge performance boost for even the most demanding tasks, with a faster CPU and GPU, a 2x faster Neural Engine than the previous-generation iPad mini,1 and support for Apple Intelligence. The versatility and advanced capabilities of the new iPad mini are taken to a whole new level with support for Apple Pencil Pro, opening up entirely new ways to be even more productive and creative. The 12MP wide back camera supports Smart HDR 4 for natural-looking photos with increased dynamic range, and uses machine learning to detect and scan documents right in the Camera app.
The new iPad mini features all-day battery life and brand-new experiences with iPadOS 18. Starting at just $499 with 128GB — double the storage of the previous generation — the new iPad mini delivers incredible value and the full iPad experience in an ultraportable design. Customers can pre-order the new iPad mini today, with availability beginning Wednesday, October 23.
“There is no other device in the world like iPad mini, beloved for its combination of powerful performance and versatility in our most ultraportable design. iPad mini appeals to a wide range of users and has been built for Apple Intelligence, delivering intelligent new features that are powerful, personal, and private,” said Bob Borchers, Apple’s vice president of Worldwide Product Marketing. “With the powerful A17 Pro chip, faster connectivity, and support for Apple Pencil Pro, the new iPad mini delivers the full iPad experience in our most portable design at an incredible value.”
A17 Pro Unlocks Powerful Performance
The new iPad mini gets a major update with A17 Pro, delivering incredible performance and power efficiency in an ultraportable design. A17 Pro is a powerful chip that unlocks a number of improvements over A15 Bionic in the previous-generation iPad mini. With a 6-core CPU — two performance cores and four efficiency cores — A17 Pro delivers a 30 percent boost in CPU performance.1 A17 Pro also brings a boost in graphics performance with a 5-core GPU, delivering a 25 percent jump over the previous generation.1 A17 Pro brings entirely new experiences — including pro apps used by designers, pilots, doctors, and others — and makes it faster than ever for users to edit photos, dive into more immersive AR applications, and more. The new iPad mini brings true-to-life gaming with hardware-accelerated ray tracing — which is 4x faster than software-based ray tracing — as well as support for Dynamic Caching and hardware-accelerated mesh shading. From creating engaging content faster than ever in Affinity Designer, to playing demanding, graphics-intensive AAA games like Zenless Zone Zero, users can take the powerful performance and ultraportable iPad mini anywhere.
Built for Apple Intelligence
With the power of the A17 Pro chip, the new iPad mini delivers support for Apple Intelligence. Deeply integrated into iPadOS 18, Apple Intelligence harnesses the power of Apple silicon and Apple-built generative models to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. Many of the models that power Apple Intelligence run entirely on device, and Private Cloud Compute offers the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers.
The first set of Apple Intelligence features will be available in U.S. English this month through a free software update with iPadOS 18.1, and available for iPad with A17 Pro or M1 and later. Apple Intelligence delivers experiences that are delightful, intuitive, easy to use, and specially designed to help users do the things that matter most to them:2
- With Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write, including Mail, Notes, Pages, and third-party apps.
- Siri becomes more deeply integrated into the system experience and gets a new design with an elegant glowing light that wraps around the edge of the screen when active on iPad. With richer language-understanding capabilities, communicating with Siri is more natural and flexible. Siri can follow along when users stumble over their words, can maintain context from one request to the next, and now, users can type to Siri. Siri also has extensive product knowledge to answer questions about features on iPad and other Apple devices.
- In Photos, the Memories feature now enables users to create the movies they want to see by simply typing a description, and with the new Clean Up tool, they can identify and remove distracting objects in the background of a photo — without accidentally altering the subject.
Additional Apple Intelligence features will be rolling out over the next several months:
- Image Playground allows users to create playful images in moments.
- Image Wand is a new tool in the Apple Pencil tool palette that can transform a rough sketch into a polished image.
- Emoji will be taken to an entirely new level with the ability to create original Genmoji by simply typing a description, or by selecting a photo of a friend or family member.
- Siri will be able to draw on a user’s personal context to deliver intelligence that is tailored to them. It will also gain onscreen awareness to understand and take action with users’ content, as well as take hundreds of new actions in and across Apple and third-party apps.
- With ChatGPT integrated into experiences within iPadOS 18, users have the option to access its expertise, as well as its image- and document-understanding capabilities, within Siri and Writing Tools without needing to jump between tools. And privacy protections are built in so a user’s IP address is obscured, and OpenAI won’t store requests. Users can access ChatGPT for free without creating an account, and ChatGPT’s data-use policies apply for those who choose to connect their account.
Even Faster Connectivity
With faster wireless and wired connectivity, users can do even more on iPad mini while on the go. The new iPad mini supports Wi-Fi 6E, which delivers up to twice the performance than the previous generation,3 so users can download files, play games online, and stream movies even faster. Wi-Fi + Cellular models with 5G allow users to access their files, communicate with peers, and back up their data in a snap while on the go. Cellular models of the new iPad mini are activated with eSIM, a more secure alternative to a physical SIM card, allowing users to quickly connect and transfer their existing plans digitally, and store multiple cellular plans on a single device. Customers can easily get connected to wireless data plans on the new iPad mini in over 190 countries and regions around the world without needing to get a physical SIM card from a local carrier. The USB-C port is now up to 2x faster than the previous generation, with data transfers up to 10Gbps, so importing large photos and videos is even quicker.
Incredible Camera Experience
Great cameras, along with the incredibly portable form factor of iPad mini, enable powerful mobile workflows. The 12MP wide back camera delivers gorgeous photos, and with Smart HDR 4, they will be even more detailed and vivid. Utilizing the powerful 16-core Neural Engine, the new iPad mini uses artificial intelligence (AI) to automatically identify documents right in the Camera app and can use the new True Tone flash to remove shadows from the document. The 12MP Ultra Wide front-facing camera in portrait orientation, with support for Center Stage, is great for all the ways customers use iPad mini.
Magical Capabilities with Apple Pencil Pro
Apple Pencil Pro unlocks magical capabilities and powerful interactions, turning iPad mini into a sketchbook users can take anywhere. Apple Pencil Pro can sense a user’s squeeze, bringing up a tool palette to quickly switch tools, line weights, and colors, all without interrupting the creative process. A custom haptic engine delivers a light tap that provides confirmation when users squeeze, double-tap, or snap to a Smart Shape for a remarkably intuitive experience. Users can roll Apple Pencil Pro for precise control of the tool they’re using. Rotating the barrel changes the orientation of shaped pen and brush tools, just like pen and paper, and with Apple Pencil hover, users can visualize the exact orientation of a tool before making a mark. Apple Pencil Pro features support for Find My, and pairs, charges, and is stored through a new magnetic interface on the new iPad mini. iPad mini also supports Apple Pencil (USB-C), ideal for note taking, sketching, annotating, journaling, and more, at a great value.
iPadOS 18 Brings Powerful and Intelligent New Features
In addition to the groundbreaking capabilities of Apple Intelligence, iPadOS 18 brings powerful features that enhance the iPad experience, making it more versatile and intelligent than ever. iPadOS also has advanced frameworks like Core ML that make it easy for developers to tap into the Neural Engine to deliver powerful AI features right on device.
- Designed for the unique capabilities of iPad, Calculator delivers an entirely new way to use Apple Pencil to solve expressions, as well as basic and scientific calculators with a new history function and unit conversions. With Math Notes, users are now able to type mathematical expressions or write them out to see them instantly solved in handwriting like their own. They can also create and use variables, and add an equation to insert a graph. Users can also access their Math Notes in the Notes app, and use all of the math functionality in any of their other notes.
- In the Notes app, handwritten notes become more fluid, flexible, and easy to read with Smart Script and the power of Apple Pencil. Smart Script unleashes powerful new capabilities for users editing handwritten text, allowing them to easily add space, or even paste typed text in their own handwriting. And as users write with Apple Pencil, their handwriting will be automatically refined in real time to be smoother, straighter, and more legible.
- With new Audio Recording and Transcription, iPad can capture a lecture or conversation, and transcripts are synced with the audio, so users can search for an exact moment in the recording.
- New levels of customization come to iPad, and users have even more options to express themselves through the Home Screen with app icons and widgets that can be placed in any open position. App icons and widgets can take on a new look with a dark or tinted effect, and users can make them appear larger to create the experience that is perfect for them. Control Center has been redesigned to provide easier access to many of the things users do every day, delivering quick access to new groups of a user’s most-utilized controls. Users can even organize new controls from third-party apps in the redesigned Control Center.
- The Photos app receives its biggest update ever, bringing users powerful new tools that make it easier to find what they are looking for with a simplified and customizable app layout that takes advantage of the larger display on iPad and helps users browse by themes without having to organize content into albums.
- Users have new ways to stay connected and express themselves in Messages, with all-new animated text effects, redesigned Tapbacks, and the ability to schedule messages to send at a later time.
Better for the Environment
The new iPad mini is designed with the environment in mind, including 100 percent recycled aluminum in the enclosure, 100 percent recycled rare earth elements in all magnets, and 100 percent recycled gold plating and tin soldering in multiple printed circuit boards. The new iPad mini meets Apple’s high standards for energy efficiency, and is free of mercury, brominated flame retardants, and PVC. The packaging is 100 percent fiber-based, bringing Apple closer to its goal to remove plastic from all packaging by 2025.
Today, Apple is carbon neutral for global corporate operations and, as part of its ambitious Apple 2030 goal, plans to be carbon neutral across its entire carbon footprint by the end of this decade.
Pricing and Availability
- Customers can pre-order the new iPad mini starting today, October 15, on apple.com/store, and in the Apple Store app in 29 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, starting Wednesday, October 23.
- Available in blue, purple, starlight, and space gray, the new iPad mini starts at $499 (U.S.) for the Wi-Fi model, and $649 (U.S.) for the Wi-Fi + Cellular model.
- The new iPad mini starts with 128GB of storage — double the storage of the previous generation. The new iPad mini is also available in 256GB and 512GB configurations.
- For education, the new iPad mini starts at $449 (U.S.). Education pricing is available to current and newly accepted college students and their parents, as well as faculty, staff, and home-school teachers of all grade levels. For more information, visit apple.com/us-hed/shop.
- Apple Pencil Pro is compatible with the new iPad mini. It is available for $129 (U.S.), and $119 (U.S.) for education. Apple Pencil (USB-C) is available for $79 (U.S.), and $69 (U.S.) for education.
- The new Smart Folio, available in charcoal gray, light violet, denim, and sage, is $59 (U.S.).
- Apple offers great ways to save on the latest iPad. Customers can trade in their current iPad and get credit toward a new one by visiting the Apple Store online, the Apple Store app, or an Apple Store location. To see what their device is worth and for terms and conditions, customers can visit apple.com/shop/trade-in.
- Customers in the U.S. who shop at Apple using Apple Card can pay monthly at 0 percent APR when they choose to check out with Apple Card Monthly Installments, and they’ll get 3 percent Daily Cash back — all up front. More information — including details on eligibility, exclusions, and Apple Card terms — is available at apple.com/apple-card/monthly-installments.
- AppleCare+ for iPad provides unparalleled service and support. This includes unlimited incidents of accidental damage, battery service coverage, and 24/7 support from the people who know iPad best.
- Every customer who buys directly from Apple Retail gets access to Personal Setup. In these guided online sessions, a Specialist can walk customers through setup, or focus on features that help them make the most of their new device.
About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.
- Testing conducted by Apple in September 2024 using preproduction iPad mini (A17 Pro) and production iPad mini (6th generation) units. Tested with Affinity Photo 2 v2.5.5.2636 using the built-in benchmark version 25000. Performance tests are conducted using specific iPad units and reflect the approximate performance of iPad mini.
- Apple Intelligence will be available as a free software update for iPad with A17 Pro or M1 and later with device and Siri language set to U.S. English. The first set of features will be available in beta this month with iPadOS 18.1 with more features rolling out in the months to come. Later this year, Apple Intelligence will add support for localized English in Australia, Canada, New Zealand, South Africa, and the U.K. In the coming year, Apple Intelligence will expand to more languages, like Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and others.
- Wi‑Fi 6E available in countries and regions where supported.
Press Contacts
Tara Courtney
Apple
Skylar Eisenhart
Apple
Apple Media Helpline
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MIL-OSI: Qorvo® to Webcast Quarterly Earnings Conference Call on October 29, 2024
Source: GlobeNewswire (MIL-OSI)
GREENSBORO, N.C., Oct. 15, 2024 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, will host a conference call to review fiscal 2025 second quarter financial results on Tuesday, October 29, 2024, at 5:00 p.m. (ET). The conference call will be webcast live on the Company’s Investor Relations website at the following URL: https://ir.qorvo.com (under “Events & Presentations”).
A telephone playback of the conference call will be available approximately two hours after the call’s completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2723791. The playback will be available through the close of business on November 5, 2024.
Qorvo will distribute fiscal 2025 second quarter financial results at approximately 4:00 p.m. (ET) on Tuesday, October 29, 2024.
About Qorvo
Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit http://www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast”, “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
At Qorvo®
Doug DeLieto
VP, Investor Relations
1-336-678-7968 -
MIL-OSI Economics: Advancements in robotics continue to transform oil and gas operations, says GlobalData
Source: GlobalData
Advancements in robotics continue to transform oil and gas operations, says GlobalData
Posted in Oil & Gas
With the applications of robotics continuously evolving, the oil and gas industry has emerged as a significant adopter of the technology to improve safety and efficiency of operations. Robots equipped with advanced technologies are yielding increasingly positive results, bringing a continued transformation in the operations of oil and gas companies, says GlobalData, a leading data and analytics company,
GlobalData’s thematic report, “Robotics in Oil and Gas,” provides an overview of robotics technology and its applications in the oil and gas industry. It also highlights the role of major oil and gas companies, such as ADNOC, BP, Eni, Equinor, ExxonMobil, Repsol, Rosneft, Shell, and TotalEnergies in the development and adoption of robotics to enhance safety and productivity on the field.
Ravindra Puranik, Oil and Gas Analyst at GlobalData, comments: “Robots are proving invaluable to execute complex tasks at production facilities, thereby protecting workers from hazardous environments and reducing the likelihood of costly shutdowns. As a result, companies such as Equinor, TotalEnergies, and Shell are deploying them to work alongside humans on offshore sites. For instance, robotic automation can manage remote operations, such as those conducted on Equinor’s Oseberg H platform in the North Sea. Their ability to perform repetitive and mundane tasks with minimal errors is saving time and internal resources for companies. Furthermore, it allows them to deploy field technicians on more critical issues.”
Oil and gas operations are labor-intensive and involve numerous repetitive tasks, many of which occur in hazardous environments and face various obstacles. Robotics presents an excellent solution to many challenges within the industry, as they can handle more strenuous tasks and complex procedures more effectively than humans.
Puranik continues: “Robots provide greater reliability and efficiency in completing assigned tasks while also enhancing operational safety. The integration of terrestrial, aerial, and underwater robots is already playing a crucial role in several high-stakes oil and gas projects throughout the value chain. French oil major TotalEnergies, in collaboration with Oceaneering, recently conducted a pilot inspection of subsea pipelines in the North Sea using autonomous underwater vehicles (AUVs).”
Robots can access hard-to-reach areas, carry out tasks beyond human capabilities, and operate continuously without needing breaks. Hence, they are being utilized as effective solutions for conducting inspections in difficult or hazardous environments, thereby avoiding preventing human exposure to such sites. Recently, cleaning of storage tanks is emerging as another prominent use case for robotics with companies, such as Saudi Aramco, Woodside, SK Innovation, and Indian Oil Corp, exploring the potential of robotic crawlers in this application.
Puranik concludes: “Advancements in technology have equipped robots to effectively replace field personnel on oil rigs. Additionally, there is an increase in collaboration between oil and gas companies and technology vendors, enabling the diversification of robotic use cases with the integration of AI, IoT, cloud, and edge computing. These developments are anticipated to drive future growth in robotics within the oil and gas sector, reducing risks to human workers who operate alongside heavy machinery in often remote and challenging environments.”
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MIL-OSI Security: Defense News: Former SECDEF Panetta Shared Concerns, Insights During Guest Lecture at NPS
Source: United States Navy
With decades of public service, Panetta offered frank advice and lessons learned to the more than 1,300 students, faculty and staff gathered in the packed NPS King Hall auditorium.
“Fundamental to everything our democracy stands for is leadership, and that requires character, integrity, and courage,” said Panetta. “Those qualities are abundant in this room, and being selected to come to NPS further sets you apart. When you graduate, you will carry the additional obligation to do more, take risks, make hard decisions and lead solutions to complex national defense challenges if we’re going to remain the world’s strongest democracy.”
In his opening comments, Panetta stressed the importance of alliances in addressing today’s conflicts, and terrorism instigated and supported by a growing axis of autocracies lead by China, Russia, Iran and North Korea.
“Our adversaries are actively working to undermine trust,” Panetta remarked. “When our nation is distracted, tyrants will fill the void. The leader’s job is not to point fingers, but to point out falsehoods and elevate reality so we can agree on the problem, then work together to address it. Across the aisle, or across alliances, that’s how leaders get things done. That’s how we win.”
The “Fireside Chat” was moderated by retired U.S. Army Lt. Gen. Eric Wendt, a former Special Forces Green Beret and current professor of practice in the school’s Department of Defense Analysis, and an NPS distinguished alumnus. When asked the one thing he would do to improve DOD today, Panetta responded, “There are many things, but the one thing I am most concerned about is speed.”
“We need DOD bureaucracy to move at the speed of technology,” added Panetta. “I’m concerned that we can’t act swiftly enough to ensure our advantage by leveraging and learning about cutting edge technologies. Industry is setting the pace, and much of it is American innovation, but we need to apply innovative thinking to how we acquire, adapt and adopt technology to meet capability needs. I believe NPS and the future Naval Innovation Center at NPS are parts of the solution.”
During his visit, Panetta also spoke with Defense Analysis students in the DA 3900 Command and Leadership course taught by Wendt, where he further encouraged students to apply their operational experience, NPS education and research to solving the most vexing challenges facing DOD.
Before leading the DOD, Panetta served as a member of the United States House of Representatives, director of the Office of Management and Budget, White House Chief of Staff, and as Director of the Central Intelligence Agency.
Today, Panetta co-directs with his wife, Sylvia, the Panetta Institute for Public Policy, based at California State University, Monterey Bay. The Institute is a nonpartisan, not-for-profit center that seeks to instill in young men and women the virtues and values of public service.
- For more information on the Secretary of the Navy Guest Lecture program at NPS, and to watch past lectures, visit https://nps.edu/sgls
Learn more about the NPS Department of Defense Analysis at https://nps.edu/web/da
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MIL-OSI Economics: Goldman Sachs and Houlihan Lokey top M&A financial advisers by value and volume during Q1-Q3 2024, finds GlobalData
Source: GlobalData
Goldman Sachs and Houlihan Lokey top M&A financial advisers by value and volume during Q1-Q3 2024, finds GlobalData
Posted in Business Fundamentals
Goldman Sachs and Houlihan Lokey have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume globally during Q1-Q3 2024, according to the latest Financial Advisers League Table, which ranks financial advisers by the value and volume of M&A deals on which they advised, by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database has revealed that Goldman Sachs achieved its leading position in the deal value rankings by advising on $308.8 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 198 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Goldman Sachs was the top adviser by value during Q1-Q3 2023 and managed to retain its leadership position by this metric during Q1-Q3 2024 as well. It registered 14.2% growth in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023.
“In fact, Goldman Sachs was the only adviser to surpass $300 billion in total deal value during the review period. It is also worth noting that about half of the deals advised by it during Q1-Q3 2024 were billion-dollar deals*. The company advised on 67 billion-dollar deals during Q1-Q3 2024 that also included six mega deals valued more than $10 billion.
“Meanwhile, Houlihan Lokey registered improvement in the total number of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023 and was just shy of hitting the 200 deals volume mark. It went ahead from occupying the second position by volume during Q1-Q3 2023 to top the chart by this metric during Q1-Q3 2024.”
JP Morgan occupied the second position in terms of value by advising on $293.3 billion worth of deals, followed by Morgan Stanley with $243.1 billion, Citi with $191.7 billion, and Evercore with $187.8 billion.
Meanwhile, Rothschild & Co occupied the second position in terms of volume by advising on 163 deals, followed by Goldman Sachs with 139 deals, JP Morgan with 121 deals, and UBS with 119 deals.
*Deals valued more than or equal to $1 billion
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MIL-OSI Economics: Kirkland & Ellis top M&A legal adviser during Q1-Q3 2024, finds GlobalData
Source: GlobalData
Kirkland & Ellis top M&A legal adviser during Q1-Q3 2024, finds GlobalData
Posted in Business Fundamentals
Kirkland & Ellis emerged as the top mergers and acquisitions (M&A) legal adviser by both value and volume globally during Q1-Q3 2024, according to the latest Legal Advisers League Table, which ranks legal advisers by the value and volume of mergers and acquisition (M&A) deals on which they advised, by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database has revealed that Kirkland & Ellis achieved the leading position by advising on 423 deals worth $ 310.5 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Interestingly, Kirkland & Ellis was the top adviser by both volume and value during Q1-Q3 2023 and also managed to retain its leadership position during Q1-Q3 2024 as well. It was the only firm to advise on more than 400 deals during Q1-Q3 2024. Of these, 63 were billion-dollar deals* that also included seven mega deals valued more than $10 billion. Involvement in such big-ticket deals helped it occupy the top position by value as well.
“However, although Kirkland & Ellis outpaced its peers by a significant margin in terms of deal volume, it faced close competition from Skadden, Arps, Slate, Meagher & Flom for the top position by value.”
Skadden, Arps, Slate, Meagher & Flom occupied the second position in terms of value by advising on $301.9 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $232.1 billion, Cravath Swaine & Moore with $197.4 billion, and Latham & Watkins with $193.8 billion.
Meanwhile, in terms of volume ranking, Kirkland & Ellis was distantly followed by CMS with 204 deals. White & Case occupied the third position in terms of volume by advising on 182, followed by Latham & Watkins with 176 deals, and Allen & Overy with 135 deals.
*Deals valued more than or equal to $1 billion
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MIL-OSI Security: Man jailed for terrorism offences after joint HMRC and Met Police investigation
Source: United Kingdom London Metropolitan Police
An east London man who sent night vision and thermal imaging rifle scopes to support terrorist activity by the Taliban in Afghanistan in 2017 and 2018 has been jailed.
Muhammad Choudhary, 41 (15.06.83) previously pleaded guilty to terrorism funding and fundraising offences following a joint investigation by His Majesty’s Revenue and Customs (HMRC) and the Met’s Counter Terrorism Command.
He was sentenced on Tuesday, 15 October, at the Old Bailey to a total of seven years’ imprisonment, with an additional year to be served on an extended licence.
Detectives and investigators identified that Choudhary sent thermal imaging night vision rifle scopes to Pakistan on a number of occasions in 2017 and 2018. He later admitted they were intended for use by the Taliban, which, at the time, launched various attacks against the then-Government and coalition forces in Afghanistan.
Acting Commander Gareth Rees, of the Met’s Counter Terrorism Command, said: “This case is a prime example of how terrorist activity can take many different forms, and shows that we will investigate anyone in the UK who supports terrorist activity, regardless of what it may be in support of or to where it may be linked.
“This was a unique case where Government colleagues identified potential terrorist-related activity and shared information with us. Further enquiries conducted by Counter Terrorism Command officers led to Choudhary being convicted and jailed for various terrorism offences.”
Mike Pass, Assistant Director, Fraud Investigation Service, HMRC, said: “The UK operates a strict licensing regime to uphold international sanctions and to ensure military equipment does not fall into the wrong hands. We will continue to work with our law enforcement partners to ensure effective controls and enforcement on military goods, which contributes to the UK’s national security.”
Choudhary first came to the attention of HMRC after a seizure of rifle scopes at Heathrow Airport in January 2018. It was identified that Choudhary was the person behind the consignment, which was intended for an address in Pakistan.
Further enquiries revealed that Choudhary bought the sniper sights from legitimate hunting suppliers. He was interviewed under caution by HMRC investigators and he later admitted in interview that the recipient and end users were members of the Taliban.
As a result, this information was passed to the Met’s Counter Terrorism Command and officers launched an investigation, which resulted in Choudhary being charged with various terrorism offences in September 2023.
At an Old Bailey hearing in January, he pleaded guilty to a charge of fundraising for the purposes of terrorism (contrary to section 15 of the Terrorism Act, 2000), and two charges of making funding arrangements for the purposes of terrorism (contrary to section 17, TACT, 2000).
Choudhary was also previously charged with 23 offences under the Customs and Excise Management Act (1979). He pleaded not guilty to these offences at a hearing in February, and it was subsequently agreed for these offences to lay on file.
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MIL-OSI Security: Two charged in connection with Dontae McLaren murder
Source: United Kingdom London Metropolitan Police
A man and woman have been charged with offences relating to the murder of 24-year-old Dontae McLaren in Lambeth last month.
Tyanne Corbin, 25 (23.05.1999) and Hamid Hamdi, 25 (31.10.1998) appeared at Central Criminal Court on Tuesday, 14 October charged with causing Dontae grievous bodily harm with intent, and violent disorder.
Both were remanded in custody to appear at Kingston Crown Court on Wednesday, 6 November.
A 26-year-old man arrested on suspicion violent disorder and causing grievous bodily harm is currently on bail. Next due on a date in early November.
Police were called at around 04:05hrs on Sunday, 29 September to reports of a large group fighting with knives in Wandsworth Road, SW8.
Officers, London Ambulance Service and London’s Air Ambulance attended.
Despite the best efforts of the emergency services, 24-year-old Dontae McLaren was pronounced dead at the scene. Specialist officers continue to support his family.
+ Dynzell Patrick, 26 (18.06.1998) has previously appeared in court charged with Dontae’s murder. He is next due to appear at Central Criminal Court on 23 December.
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MIL-OSI Economics: Home Price Growth Slows but Remains Robust
Source: Fannie Mae
October 15, 2024 – Single-family home prices increased 5.9 percent from Q3 2023 to Q3 2024, a deceleration compared to the previous quarter’s downwardly revised annual growth rate of 6.4 percent, according to the latest reading of the Fannie Mae (FNMA/OTCQB) Home Price Index (FNM-HPI). The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. On a quarterly basis, home prices rose a seasonally adjusted 1.3 percent in Q3 2024, down from the revised 1.4 percent growth in Q2 2024. On a non-seasonally adjusted basis, home prices increased by 0.9 percent in Q3 2024.
“Despite decelerating slightly, home price growth remained robust in the third quarter, as the supply of homes for sale, particularly on the existing side, remained weak relative to historical levels,” said Mark Palim, Fannie Mae Senior Vice President and Chief Economist. “Even though mortgage rates fell precipitously in the third quarter, and we saw some improvements to the months’ supply of homes for sale, home purchase activity barely budged – at least on a national basis – which we view as evidence that the market remains significantly constrained by both the ‘lock-in effect’ and affordability generally, but especially elevated home prices. In fact, consumers have told us as much: In September, high home prices supplanted high mortgage rates as the top reason for our survey respondents’ overwhelming pessimism toward homebuying conditions. Overall, the strength of this latest home price reading confirms the ongoing challenges with tight supply; however, the index’s continued deceleration shows that we’re slowly moving toward a better balance between supply and demand.”
The FNM-HPI is produced by aggregating county-level data to create both seasonally adjusted and non-seasonally adjusted national indices that are representative of the whole country and designed to serve as indicators of general single-family home price trends. The FNM-HPI is publicly available at the national level as a quarterly series with a start date of Q1 1975 and extending to the most recent quarter, Q3 2024. Fannie Mae publishes the FNM-HPI approximately mid-month during the first month of each new quarter.
For more information on the FNM-HPI, including a description of the methodology and the Q3 2024 data file, please visit our Research & Insights page on fanniemae.com.
To receive e-mail updates regarding future FNM-HPI updates and other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.
Fannie Mae’s home price estimates are based on preliminary data available as of the date of index estimation and are subject to change as additional data become available. Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae’s Economic & Strategic Research (ESR) group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
About the ESR Group
Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lender groups to provide forecasts and analyses on the economy, housing, and mortgage markets. -
MIL-OSI Economics: Vietnam debit card payments market to surpass $65 billion in 2028, forecasts GlobalData
Source: GlobalData
Vietnam debit card payments market to surpass $65 billion in 2028, forecasts GlobalData
Posted in Banking
The Vietnamese debit card payments market is forecast to register a compound annual growth rate (CAGR) of 13.7% between 2024 and 2028 to reach VND1,559.6 trillion ($65.6 billion) in 2028, supported by rise in banked and card penetration as well as constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company.
GlobalData’s Payment Cards Analytics reveals that card payment value in Vietnam registered a growth of 46.2% in 2022, driven by a rise in consumer spending. The value grew further to register a growth of 18.4% to reach VND804.2 trillion ($33.8 billion) in 2023.
Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Cash continues to dominate the payment market in Vietnam, but the tide is slowly turning as the government and regulatory authorities introduce initiatives to boost non-cash payments and enhance access to banking services thereby benefiting card payments.”
To drive debit card adoption, the government and commercial banks have taken steps such as launching financial literacy programs and the introduction of remote banking options. Although debit cards are traditionally used for cash withdrawals, they are gradually being embraced for payments—especially low-value transactions. This has been driven by rising consumer awareness, the introduction of contactless debit cards, and the expansion of the country’s POS network.
The availability of basic bank accounts and a focus on financial inclusion have contributed to the strong penetration of debit cards in the country. This is supported by the country’s growing banked population, which rose from 34.9% in 2019 to 58.8% in 2024. Debit cards are generally offered as a complementary product when consumers open a bank account. In line with the government’s financial inclusion initiatives, banks are expanding their services to remote locations.
Debit cards are the preferred card type for payments market in Vietnam, accounting for 66.3% of total card payments value in 2023. Despite high share, their usage remains mostly limited to cash withdrawals with debit cards’ frequency for payments standing at just 4.2 transactions per card as of 2024, with more needs to be done to encourage debit card usage for payments both at merchant and consumer level.
Vietnam and the central bank took steps to promote digital payments in the country. In October 2021, the government approved the Project for the Development of Non-Cash Payments for 2021-25. The project is aimed at achieving various goals by 2025, including boosting the value of non-cash payments, expanding the number of establishments that accept non-cash payments, and raising the proportion of individuals aged 15 and above who hold transaction accounts at banks to 80%.
Sharma concludes: “Vietnam’s payment market is slowly transitioning from a cash-dominated society to one that embraces electronic payments. With the increasing number of digital-only banks, the emergence of payment card technologies, and the development of payment infrastructure, the debit card payment market in Vietnam is set to expand significantly in the coming years. The market is forecast to grow by 16.1% to reach VND934 trillion ($39.3 billion) in 2024.”
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MIL-OSI: Bullish Sentiments High on Gold Trends as Mining Operations Continue to Ramp Up
Source: GlobeNewswire (MIL-OSI)
PALM BEACH, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – In an recent article published by Skilliing.com regarding current Gold trends: “From ancient civilizations to modern-day investors, gold has consistently been sought after for its perceived stability and hedge against inflation and economic uncertainty. This enduring appeal has led to significant price movements over the years, with gold prices often mirroring broader economic trends. Understanding these dynamics is crucial for predicting future gold price movements and making informed investment decisions. According to experts, the gold price in October 2024 is expected to be influenced by several key factors. The ongoing geopolitical tensions, particularly in the Middle East, are likely to keep gold prices elevated. Additionally, the anticipation of US rate cuts in the third and fourth quarters of 2024 could further boost gold prices. With the current record already at $2,431.85, the next milestone to watch is $2,500 per ounce. The bullish setup of gold’s chart and its leading indicators suggest that gold could move close to the $2,550 area in 2024. This prediction is supported by the recent rally in gold prices, which has already surpassed many predictions for the year. The combination of geopolitical concerns and the potential for rate cuts makes a further rally in gold prices plausible.” Active mining companies in the markets this week include RUA GOLD Inc. (OTCQB: NZAUF) (TSX-V: RUA), Mawson Gold Limited (OTCPK: MWSNF), Founders Metals Inc. (OTCQX: FDMIF), SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM).
Skilliing.com added: “In the context of broader economic trends, the gold price prediction for October 2024 is also influenced by the strength of the dollar and the overall economic landscape. As interest rates start to fall, gold prices could hit fresh records. The average price target for gold in the final quarter of 2024 is around $2,175 per ounce, according to JPMorgan Chase & Co. This suggests a continued upward trajectory for gold prices in the latter half of 2024. 2025 Outlook: The outlook for 2025 is more uncertain. Some experts expect gold prices to stabilize around $2,350 per ounce in early 2025, with a potential decline to $2,175 later in the year, depending on the pace of U.S. central bank rate cuts. HSBC predicts a 12% drop in gold prices in 2025 due to rising real interest rates, while other analysts remain bullish, suggesting prices could exceed $3,000. 2030 Outlook: By 2030, some forecasts suggest gold could reach $7,000 per ounce, driven by low real interest rates, rising inflation, and demographic shifts that fuel demand for gold as a secure asset. Central bank demand will likely play a key role in supporting long-term growth.”
RUA GOLD’s (TSXV:RUA) (OTCQB:NZAUF) Drill Program Intersects Near Surface Gold at The Reefton Project – RUA GOLD Inc. (WKN: A4010V) (“RUA GOLD” or the “Company”) is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand. The Company commenced its near mine drill program on the Murray Creek targets in July. A second drill rig was introduced in September to test the Capleston vein system. These historic mines collectively produced ~700koz of gold at 25.2g/t within a radius of ~20 kilometers.
Robert Eckford, CEO of RUA GOLD commented: “Our five years of meticulous surface exploration work over the Reefton project is paying dividends from the outset of this drill program. Both of the initial drill holes have confirmed we are in right area and are locating these lodes. The near surface intercepts on Capleston are encouraging and makes for compelling economic ounces, it supports our thesis that the surface veins are continuous past the old workings. Despite the initial drill hole at Murray Creek hitting old workings, it is extremely encouraging that we have identified the dip angle of the Victoria lode and we have even more confidence with the subsequent hole that is underway now, and results from this will be ready in the next few weeks.”
Capleston – On the second drill rig, which was introduced to test the Capleston vein system, the Company targeted an undeveloped and near-surface vein at the southern end of the two kilometer long historic Capleston project, the highest-grade producer of the Reefton Goldfield historically. Near surface targets lend themselves to early development and are the closest to transportation and infrastructure, providing low-cost operational advantages.
The first diamond drill hole, DD_REF_043, intersected a 12m zone of quartz-pyrite-arsenopyrite in the hanging wall, with a 1m quartz vein from 31m to 32m @ 3.86 g.t Au. A legacy drill hole intercepted the southern lode at 33m downhole, with 1m @ 24g/t Au followed by 1m @ 2.5g/t Au1. Mapping has recorded historical waste samples up to 32.0g/t Au in the vicinity, and a strong soil anomaly enveloping the vein (up to 410ppb Au).
Murray Creek – RUA GOLD reports the completion of the first hole testing the down-dip extension of the Victoria lode, DD_VIC_041, which is being evaluated by the team. This intersected the targeted reef at 344m down hole and encountered historical underground workings over a 4m length. It then exited out to the footwall before drilling on for an additional 20m.
This confirms that the lode extension is accurate and, with the precise location confirmed, a second hole is underway that is 50m deeper down dip from the initial drill hole. The Company anticipates an intersection into an un-mined portion of the reef at around 350m. Results from this testing will be available in the coming weeks. CONTINUED… Read this full press release and more news for RUA GOLD at: https://www.financialnewsmedia.com/news-rua/
Other recent developments in the mining industry of note include:
Mawson Gold Limited (OTCPK: MWSNF) recently announced that further to its news releases dated June 10, 2024 and July 30, 2024, Mawson has entered into an arrangement agreement (the “Arrangement Agreement”) with SUA Holdings Ltd. (“SUA”), a newly formed wholly-owned subsidiary of Mawson, pursuant to which the Company proposes to spin-out its uranium assets in Sweden (the “Uranium Assets”) to SUA in consideration for common shares of SUA (“SUA Common Shares”) and distribute 100% of the SUA Common Shares it then holds to the Mawson shareholders on a pro rata basis. As a result, following completion of the Arrangement, the Mawson shareholders (other than any dissenting shareholders) will also become shareholders of SUA and SUA will no longer be a subsidiary of Mawson.
In connection with the Arrangement, Mawson has subscribed for additional SUA Common Shares for aggregate consideration of $600,000 to provide working capital to SUA. Such additional SUA Common Shares will also be distributed to the Mawson shareholders under the Arrangement.
Founders Metals Inc. (OTCQX: FDMIF) recently announced that, further to the press release dated October 10, 2024, it has entered into an agreement with B2Gold Corp (“B2Gold”) for a C$12.1 million investment (the “Strategic Investment”) at a price of C$2.75 per common share (each, a “Share”). Together with the previously announced bought deal private placement of C$20M (the “Brokered Offering”), the Company will raise a total of C$32.1 million, fully funding the planned 2025 budget. Upon completion of the Strategic Investment and the Brokered Offering, B2Gold will own 5.0% of the Company’s issued and outstanding common shares on a non-diluted basis.
Colin Padget, Founders’ President & CEO commented, “We are very pleased with B2Gold’s investment in Founders along with the support and validation it brings to our Antino Gold Project. We look forward to drawing on B2Gold’s experience in exploring for, and developing, world-class mining assets in similar geological environments. This broader financing package leaves Founders well positioned to ramp up exploration at Antino, fully funding our planned 2025 exploration budget and the near-term addition of a fourth diamond drill.”
SNOWLINE GOLD CORP (OTCQB: SNWGF) (TSX-V: SGD) recently announced additional analytical results from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada’s Yukon Territory alongside updates on its regional activities. Holes V-24-081 and V-24-084 returned strong, consistent gold grades from near-surface along the southwestern edge of the Valley deposit, outperforming the model used for the Company’s initial mineral resource estimate (MRE) earlier this year. In addition, Snowline has completed the first phase of a reclamation program at the Plata mining camp near the Rogue Project, organizing and inventorying debris and abandoned equipment from historical mining activities in the region for future demobilisation. The Company awaits analytical results from the majority of its 2024 exploration campaign, including >24,600 m of drilling in 44 holes across 5 different targets.
“It is a testament to the consistency of mineralization at Valley that results like today’s have become almost commonplace,” said Scott Berdahl, CEO & Director of Snowline. “Nonetheless, they further demonstrate the strength of the system near surface, and key holes V-24-081 and V-24-084 outperform our model along the southwest margin of the deposit.
Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) recently announced that it has filed an updated technical report for the Detour Lake mine in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
The technical report is available on SEDAR+ (http://www.sedarplus.ca) and on the Company’s website (http://www.agnicoeagle.com). Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico.
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MIL-OSI United Kingdom: New UK sanctions target illegal outposts and organisations supporting extremist Israeli settlers in the West Bank
Source: United Kingdom – Government Statements
New sanctions target three illegal settler outposts and four organisations that have supported and sponsored violence against communities in the West Bank.
- New sanctions target three illegal settler outposts and four organisations that have supported and sponsored violence against communities in the West Bank.
- Today’s measures put strict financial restrictions on those who commit these acts. Measures respond to a continued rise in violence that is devastating Palestinian communities in the West Bank.
- Foreign Secretary David Lammy said, “the Israeli government must crack down on settler violence and stop the legalisation of settler outposts.”
The Foreign Secretary has announced sanctions in response to continued violence by extremist Israeli settlers in the occupied West Bank.
Today’s measures target three settler outposts and four organisations that have supported, incited and promoted violence against Palestinian communities in the West Bank. Settler violence often seeks to force Palestinians to leave their homes, and seize their land for the construction of outposts, which are illegal under both international and Israeli law.
The measures follow an unprecedented rise in settler violence in the West Bank over the last year, with the UN recording over 1,400 attacks by settlers against Palestinian communities since October 2023.
The month of October sees the beginning of the olive harvest in the West Bank, an important time both culturally and economically for Palestinians. It has traditionally suffered spikes in violence as organised settler groups disrupt and attack Palestinians.The measures taken today are part of wider UK efforts to support a more stable West Bank, which is vital for the peace and security of both Palestinians and Israelis.
Foreign Secretary David Lammy said:
When I went to the West Bank earlier this year, on one of my first trips as Foreign Secretary, I met with Palestinians whose communities have suffered horrific violence at the hands of Israeli settlers.
The inaction of the Israeli government has allowed an environment of impunity to flourish where settler violence has been allowed to increase unchecked. Settlers have shockingly even targeted schools and families with young children.
Today’s measures will help bring accountability to those who have supported and perpetrated such heinous abuses of human rights. The Israeli government must crack down on settler violence and stop settler expansion on Palestinian land. As long as violent extremists remain unaccountable, the UK and the international community will continue to act.
The illegal settler outposts sanctioned today – Tirzah Valley Farm Outpost, Meitarim Outpost, and Shuvi Eretz Outpost – have been involved in facilitating, inciting, promoting or providing support for activity that amounts to a serious abuse of the right of Palestinians not to be subjected to cruel, inhuman or degrading treatment or punishment.
The four organisations sanctioned today are Od Yosef Chai Yeshiva, Hashomer Yosh, Torat Lechima and Amana.
Od Yosef Chai Yeshiva is a religious school embedded in the Yitzhar settlement known to promote violence against non-Jewish people.
Hashomer Yosh is a non-governmental organisation that provides volunteers for illegal outposts, including Meitarim Outpost (also sanctioned today). Meitarim was founded by the extremist settler Yinon Levy, who the UK sanctioned in February.
Torat Lechima is a registered Israeli charity that has been documented as providing financial support to illegal settler outposts linked with acts of violence against Palestinian communities in the West Bank.
Amana operates in practice as a commercial construction company. Amana has overseen the establishment of illegal outposts and provides funding and other economic resources for Israeli settlers involved in threatening and perpetrating acts of aggression and violence against Palestinian communities in the West Bank.
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Published 15 October 2024 -
MIL-OSI: Crete Professionals Alliance uses Intapp to drive innovation and rapid growth in the highly regulated accounting market
Source: GlobeNewswire (MIL-OSI)
PALO ALTO, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Crete Professionals Alliance (Crete PA) has implemented Intapp Conflicts to centralize the conflicts and independence process that protect Crete PA and its member firms alike.
Keeping pace with industry change
The accounting industry is undergoing a fundamental change, driven in part by an increase in private equity funding. This infusion of capital has driven two main responses: firms are either growing through acquisitions, or they are readying themselves for a potential acquisition.
Crete PA has responded to these market forces by creating a growing network of accounting and professional services firms. Crete PA’s partnership model augments the power of individual firm brands and cultures, with the capabilities of a national platform, to grow revenues, create efficiencies, and access capital.
“When forming Crete PA, it was important that we let firms preserve their individual brands and culture that makes them special — while still letting them tap into the opportunity to be part of a larger national organization,” said Jake Sloane, Co-Founder of Crete PA. “By centralizing back-office functions, including conflicts and independence, we’re creating efficiencies that enable growth while letting professionals focus on the accounting work they’re best at. Partnering with Intapp on conflicts is one of several ways our firms are adapting to fast-evolving technology and benefiting from AI.”
This partnership approach has worked well for Crete PA. Since its founding in 2023, it has received funding from Thrive Capital and Bessemer Venture Partners to focus on technology evolution. It also became one of the fastest growing networks of accounting and professional services firms in the U.S. In its first year, Crete PA partnered with more than 10 firms with multi-decade track records of excellent client service.
“Crete PA is taking a real leadership position in today’s quickly evolving accounting market,” said Kareem Zaki, Partner at Thrive Capital. “Centralizing and tech-enabling back-office functions for its network of accounting firms — through its partnership with Intapp — is spurring operational infrastructure advancement and supporting continued growth for member firms, while maintaining who they are at the core.”
Addressing conflicts clearance
“In our partnership model, conflicts and independence clearance can be complex and a new challenge for firms that must consider services being performed across the other Crete PA member firms,” said Brad Knudsen, Director of Compliance at Crete PA. “Using Intapp, we’ve created a centralized way to check conflicts and independence, ensuring compliance with professional standards and increasing trust in our growth and operating strategy.”
Knudsen added: “We were able to implement Intapp through our centralized technology stack, which means that we do not have to implement the technology every time we partner with a new firm. This can be a big relief for firms that want to minimize unnecessary software implementations.”
Intapp compliance solutions help professionals quickly yet thoroughly evaluate new business, onboard clients, and monitor relationships for compliance throughout the client lifecycle. Crete PA is using Intapp Conflicts to implement a centralized, AI-driven approach to help ensure all potential conflicts and independence impairments are addressed quickly and confidently.
All member firm data now flows into a consolidated data warehouse where Intapp Conflicts uses Applied AI and predictive risk-scoring capabilities to search for and analyze potential conflicts. The software helps automate these functions, enabling Crete PA’s compliance team to focus on results containing high-risk issues and requiring responsive remediations.
“Intapp Conflicts is not just helping us bolster our overall compliance posture, it’s bringing an element of innovation to a traditionally slow and painful function,” said Leslie Adler, General Counsel at Crete PA. “Oftentimes, firms rely on spreadsheets, manual processes, and lengthy completion timelines to clear a prospect and get an engagement letter out. Our approach, using a best-in-class AI-powered solution, will unburden staff and improve the firm’s overall risk management profile.”
Multiplying success with Intapp
“Crete PA is leading the way amid dynamic industry changes, and we’re thrilled they’ve chosen us to support them,” said Tom Koehler, Global Managing Principal of Accounting and Consulting Industries at Intapp. “Intapp Conflicts is not only centralizing the information and processes that protect Crete PA and its member firms, but also introducing advanced automation to facilitate seamless compliance across dispersed office locations and teams. This innovative approach enhances operational independence and mitigates regulatory risk during a period of exponential growth, setting a new standard for efficiency and governance in the profession.”
On the heels of its successful Intapp Conflicts implementation, Crete PA is implementing Intapp Intake to further automate and ease its new client acceptance, onboarding, and continuance processes.
About Intapp
Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on X, formerly Twitter (@intapp) and LinkedIn.ABOUT CRETE PROFESSIONALS ALLIANCE
The accounting industry is fundamentally changing, partially driven by the uptick in Mergers & Acquisitions (M&A) activities in the past several years. Crete Professionals Alliance (“Crete PA”) established itself in 2023 to create an alternative to the traditional exit options for accounting and professional services firm owners. Crete PA partners with firms across the country to complement their existing strengths and support their future growth. Its structure supports local leadership, local brands, and local cultures while providing access to its national back-office resources and financial backing. Crete PA makes investments in the non-attest businesses of accounting firms, all of which adopt an alternative practice structure.Contact:
Ali Robinson
Global Media Relations Director, Intapp
press@intapp.com -
MIL-OSI United Kingdom: Civil Service recruiting new head to oversee regulatory divergence
Source: Traditional Unionist Voice – Northern Ireland
Statement by TUV leader and North Antrim MP Jim Allister:
“Far from the Sea Border being gone, the Civil Service is now recruiting a “Head of Regulatory Divergence Co-ordination” at a cost of up to £59,000 a year to the public purse.
“Clearly Stormont is perfectly aware that the deal which restored devolution on the pretext that the damage done by the Protocol had been addressed was a sham.
“No nation with any self-respect would tolerate a situation where such a post is necessary – a senior civil servant whose sole responsibility is to monitor how the internal market of the United Kingdom is being trashed.
“This post is yet further confirmation of the monumental constitutional damage inflicted by the Protocol on the integrity of the UK and Northern Ireland’s place within it.”
Note to editors
You can view the advert for this position here.
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MIL-OSI: Metal Sky Star Acquisition Company Announces LOI with Fedilco Group Limited
Source: GlobeNewswire (MIL-OSI)
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Metal Sky Star Acquisition Corporation, a Cayman Islands exempted company (NASDAQ: MSSA) (the “Company” or “Metal Sky”) announced today that it has entered into a letter of intent (the “LOI”) with Fedilco Group Limited, a Cyprus based company (“Fedilco”) holding 80% equity interest of Viva Armenia Closed Joint-Stock Company, an Armenia-based telecommunication company (“Viva”). Pursuant to the LOI, the Company expresses interest in acquiring all the issued and outstanding shares of Fedilco. The parties will obtain all the required permissions and/or approvals of the state authorities of the Republic of Armenia.
Viva’s success in the field of mobile communications is conditioned by the following principle: mobile services should be available not to a limited number of people, but to everyone. Viva provides its subscribers with the opportunity to keep in touch with their homeland, regardless of their location. Viva has 529 roaming partners in 192 countries of the world. Viva is the first company in Armenia to introduce and apply CSR as a management model and is the first operator to be guided by the international principles of social responsibility ISO 26000.
“We are excited to announce this LOI with Fedilco,” said Wenxi He, CEO of Metal Sky. “Viva is emerging as a leader in the telecommunication industry in Armenia, and we believe that this transaction will position us to effectively capitalize on growth opportunities in the sector and enhance shareholder value.”
“We are excited to enter this partnership to meet our commitment to focus on the next generation telecommunication technology,” said Loizos Vasiliou, Director of Fedilco. “This partnership into the public markets broadens our investor base and the combined company will have a strong platform to drive innovation and expand our market reach.”
About Metal Sky Star Acquisition Corporation
Metal Sky Star Acquisition Corporation is a blank check company formed under the laws of the Cayman Islands for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
About Fedilco Group Limited
Fedilco Group Limited, incorporated under the laws of Cyprus, is the controlling shareholder of Viva, a leading and innovate technology company in Armenia’s ICT sector.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed transaction with Fedilco. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s annual report for the fiscal year ended December 31, 2023, filed with the SEC on August 30, 2024. Copies are available on the SEC’s website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contacts:
Wenxi He
Chief Executive Officer
221 River Street, 9th Floor,
Hoboken, New Jersey
(201)721-8789
Email: olivia.he@gmail.com
olivia@metalskystar.comSource: Metal Sky Star Acquisition Corporation
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MIL-OSI Economics: BoBC Auction Results – 15 October 2024
Source: Bank of Botswana
The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 23 October 2024. For the 1-month BoBC paper maturing on 13 November 2024, the stop-out yield increased from 2.27 percent to 2.31 percent. The summarised results of the auction held on 15 October 2024, are attached below:
BOBC Results 15 October 2024.pdf
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MIL-OSI: Red Cat Secures $1 Million Contract for its FlightWave Edge 130 Blue
Source: GlobeNewswire (MIL-OSI)
SAN JUAN, Puerto Rico, Oct. 15, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it secured a $1 million contract for its Edge 130 Blue drones from the United States Army Communications-Electronics Command (CECOM). The contract was secured through Noble, a leading provider of global sustainment and operations support for the U.S. Military and civilian government agencies, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CECOM.
FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.
“It is great to deepen our relationship with the U.S. Army and to be part of CECOM’s mission to deliver C5ISR systems that enable full spectrum combat operations at the point of need,” said Jeff Thompson, Red Cat CEO. “We are committed to supporting the U.S. Army’s modernization strategy and transformation into a multi-domain force where small, portable unmanned aerial systems like the Edge 130 play an increasing role in conducting intelligence, maneuver, and strike activities across multiple battlefield formations.”
The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.
About Red Cat, Inc.
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at http://www.redcat.red.Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.Contact:
INVESTORS:
E-mail: Investors@redcat.redNEWS MEDIA:
Phone: (347) 880-2895
Email: peter@indicatemedia.com -
MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 14 10 2024] – (CGWL)
Source: GlobeNewswire (MIL-OSI)
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION
(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients) (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offereeLEARNING TECHNOLOGIES GROUP PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A (e) Date position held/dealing undertaken:
For an opening position disclosure, state the latest practicable date prior to the disclosure14 OCTOBER 2024 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”N/A 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security: 0.375p ORDINARY Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 10,096,008 1.2745 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 10,096,008 1.2745 All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security Purchase/sale Number of securities Price per unit 0.375p ORDINARY SALE 10,600 92.7p 0.375p ORDINARY SALE 1,075 92.705p 0.375p ORDINARY SALE 5,000 92.715p 0.375p ORDINARY PURCHASE 3,843 93.0171p (b) Cash-settled derivative transactions
Class of relevant security Product description
e.g. CFDNature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securities Price per unit NONE (c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
e.g. American, European etc.Expiry date Option money paid/ received per unit NONE (ii) Exercise
Class of relevant security Product description
e.g. call optionExercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing
e.g. subscription, conversionDetails Price per unit (if applicable) NONE 4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”NONE
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”NONE
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 15 OCTOBER 2024 Contact name: MARK ELLIOTT Telephone number: 01253 376539 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.
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MIL-OSI: Form 8.3 – [ECKOH PLC – 14 10 2024] – (CGWL)
Source: GlobeNewswire (MIL-OSI)
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)1. KEY INFORMATION
(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients) (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offereeECKOH PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A (e) Date position held/dealing undertaken:
For an opening position disclosure, state the latest practicable date prior to the disclosure14 OCTOBER 2024 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”N/A 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security: 10p ORDINARY Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 20,765,401 7.1465 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 20,765,401 7.1465 All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security Purchase/sale Number of securities Price per unit 10p ORDINARY SALE 121,200 44.51p 10p ORDINARY SALE 23,290 44.633p (b) Cash-settled derivative transactions
Class of relevant security Product description
e.g. CFDNature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securities Price per unit NONE (c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
e.g. American, European etc.Expiry date Option money paid/ received per unit NONE (ii) Exercise
Class of relevant security Product description
e.g. call optionExercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing
e.g. subscription, conversionDetails Price per unit (if applicable) NONE 4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”NONE
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”NONE
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 15 OCTOBER 2024 Contact name: MARK ELLIOTT Telephone number: 01253 376539 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.
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MIL-OSI Security: Defense News: USS Frank Cable conducts Port Visit in Jeju-Do, Republic of Korea
Source: United States Navy
JEJU-DO, South Korea (Oct. 13, 2024) – Forward-deployed U.S. Navy submarine tender USS Frank Cable (AS 40) departed the island of Jeju-Do, Oct. 13, after a scheduled port visit.
Seven decades ago, the United States and Republic of Korea (ROK) signed the U.S.-ROK Mutual Defense Treaty and established an alliance that has proven to be among the most capable, cooperative, and durable in the world. Frank Cable’s visit highlights the enduring nature of the U.S.-ROK partnership.“This port visit was an outstanding opportunity to strengthen the relationship between our people and our navies,” said Capt. Mike Thompson, commanding officer, USS Frank Cable. “It was an honor to meet our counterparts from the Republic of Korea navy and to build bonds that benefit the entire region. As a nation, we strive to strengthen deterrence and modernize the U.S.-ROK Alliance through regular bilateral consultations, exercises, and strategic asset deployments. This visit, and visits like this, enhance our interoperability with a key ally and ensure our readiness to address shared maritime security challenges.”
Over the past four days in port, Frank Cable brought alongside ROK Na Dae-Yong (SS-069), a Chang Bogo-class submarine, in order to provide services and further demonstrate Frank Cable’s ability to repair allied submarines across the Indo-Pacific region. Frank Cable also conducted key leader engagements, hosted ship tours for ROK civilian and naval personnel, and embraced the opportunity to explore the local community and culture on Jeju-Do Island.
While aboard Frank Cable, ROK visitors walked the ship’s main spaces, met with command leadership and heard from Frank Cable Sailors in the Repair, Weapons, Supply, Medical, and Deck departments. These Sailors highlighted the scope of expeditionary submarine tender capabilities through a variety of displays and demonstrations.
Frank Cable personnel were also invited to tour the ROK Na Dae-Yong. Named in honor of a Korean naval officer and acclaimed ship designer, the Na Dae-Yong utilizes a diesel-electric power plant and was commissioned in 2000.“I was thrilled to get to tour the Na Dae-Yong while here in the South Korea,” said MMN1 Gregory Ray, from Snohomish, Washington. “I’ve been on three different classes of U.S. submarines, but never a foreign submarine, and it still surprises me how different the manning and configurations can be in order to successfully execute the mission.”
The timing of this port visit was particularly special for both nations in light of the anniversaries that surround it. Frank Cable’s visit not only coincided with the U.S. Navy’s 249th birthday, but also comes just days after the anniversary of the U.S.-ROK Mutual Defense Treaty, codified Oct. 1, 1953.Frank Cable, forward-deployed to the island of Guam, provides expeditionary intermediate-level maintenance, services, and logistics support to deployed submarines and surface vessels in the Indo-Pacific region. Frank Cable is currently conducting routine operations in support of national security in the U.S. 7th Fleet area of operations.
Under Commander, U.S. Pacific Fleet, U.S. 7th Fleet is the U.S. Navy’s largest forward-deployed numbered fleet, and routinely operates with allies and partners in preserving a free and open Indo-Pacific region.For more information about Frank Cable visit our Facebook page http://www.facebook.com/FrankCableAS40 .
Are you interested in taking orders to Guam? Want to learn more about the duty station and life on our island? For more information, check out the ‘Go Guam!’ website at http://www.csp.navy.mil/go-guam/ and download the ‘1st Fifteen’ checklist. -
MIL-OSI: Arcis Capital Partners LLC Renamed As Quartus Capital Partners LLC With Renewed Focus on AI and Technology Investments
Source: GlobeNewswire (MIL-OSI)
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Quartus Capital Partners LLC, formerly known as Arcis Capital Partners LLC, is unveiling a bold new identity as part of its evolution into an Artificial Intelligence (AI) and technology investment firm.
The rebranding as Quartus Capital Partners signifies a renewed focus on AI and technology investments—sectors that are not only burgeoning with innovation but also offer significant opportunities for growth and impact.
“With the rebranding to Quartus Capital Partners, we harness our historical strengths and channel them into new opportunities, allowing us to remain at the leading edge of AI and technology investments,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. This new identity is a testament to our enduring commitment to lead and shape the markets of tomorrow by driving innovation and excellence in AI and technology ventures.
Leading with Expertise: The Quartus Edge
Quartus Capital Partners’ leadership team boasts over 30 years of expertise in AI and technology, offering unique insights into high-growth potential sectors. As a firm, we don’t just invest—we partner with companies, leveraging our deep expertise in growth and performance improvement to unlock their true potential.
Venture Growth Equity Strategy with a Performance Edge
Our strategy goes beyond typical venture investments. Quartus Capital Partners specializes in growth-stage ventures, combining the high-upside potential of venture capital with the downside risk protections usually seen in buyouts. With our deep expertise in growth and performance improvement, we help turn growth-stage ventures into market leaders poised for long-term success.
Transforming Industries, Shaping the Future
“At Quartus, we believe in the power of AI and technology to not only drive financial returns but to create lasting, positive change,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. “We’re investing in the future, in companies that are not just part of the AI revolution, but are leading it.”About Quartus Capital Partners
Quartus Capital Partners is an AI and technology investment firm with partner presence in New York City, Miami, Silicon Valley and Asia. Led by AI pioneers, technologists, and seasoned operators, we specialize in scaling growth-stage technology ventures. Our mission is to create market leaders that will define the future, improve performance across industries and make positive impact.Media Contact
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MIL-OSI Security: Defense News: USS New York Arrives in Larnaca, Cyprus for Port Visit
Source: United States Navy
LARNACA, CYPRUS – The amphibious transport dock ship USS New York (LPD 21) and embarked 24th Marine Expeditionary Unit (MEU), Special Operations Capable (SOC) arrived in Larnaca, Cyprus for a regularly scheduled port visit, October 14, 2024.
“Our Sailors and Marines are eager to experience the vibrant Cypriot culture, food, and history while continuing to forge and strengthen the ties between the two partners,” said Cmdr. David Pagan, New York’s executive officer. “The opportunity to experience the world-class hospitality of the Cypriot people is something our crew is exceptionally excited for and we sincerely appreciate their support as we deepen our bond with them as military ambassadors for the United States.”
While in the NAVEUR-NAVAF area of operations, New York will support U.S., Allied and partner interests in the region, including in the Eastern Mediterranean Sea, to continue promoting regional stability and deterring aggression. The presence of an integrated Navy-Marine Corps team provides flexibility and enhanced capability to NAVEUR-NAVAF and U.S. 6th Fleet.
New York departed Norfolk, Virginia on a scheduled deployment to the U.S. Naval Forces Europe-Africa (NAVEUR-NAVAF) area of operations on May 22.
The Wasp Amphibious Ready Group (WSP ARG) consists of the amphibious assault ship USS Wasp (LHD 1), New York, Harpers Ferry-class dock landing ship USS Oak Hill (LSD 51), and embarked 24th Marine Expeditionary Unit (MEU), Special Operations Capable (SOC).
The 24th MEU (SOC) is a Marine Air-Ground Task Force (MAGTF) providing strategic speed and agility, ensuring our Marines are prepared to respond and protect U.S. national security interests around the globe. The MEU can respond rapidly from longer ranges with greater capabilities across the spectrum of military conflict.
You can follow USS New York’s adventures on Facebook and Instagram (@uss_newyork).
To learn more about WSP ARG and 24th MEU (SOC) “Team of Teams,” visit their DVIDS feature page at https://www.dvidshub.net/feature/wasparg24thmeu.
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MIL-OSI Security: Defense News: Nimitz Passes Final Evaluation Problem
Source: United States Navy
PACIFIC OCEAN – The aircraft carrier USS Nimitz (CVN 68) took one more step toward returning to a deployment-ready state, completing its first post planned incremental availability exercise while underway in the Pacific Ocean Sept. 27.
The culmination of the training evolution was a Final Evaluation Problem (FEP), a command assessment tailored to the unique training portfolio and requirements of Nimitz, as well as the ship’s upcoming deployment. Passing the FEP moves Nimitz into the pre-deployment phase, beginning the ship’s preparation for the Composite Training Unit Exercise (COMPTUEX), and eventual deployment.
“We’ve overcome the first major hurdle of Nimitz’s pre-deployment training and evaluation process,” said Capt. Douglas Graber, Nimitz commanding officer. “It was difficult evolution, but the long hours of training and preparation we put in really paid off. I couldn’t be more proud of our crew and their performance throughout the evaluation process.”
For more information please contact the USS Nimitz Public Affairs Officer at pao@cvn68.navy.mil.
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MIL-OSI Security: Defense News: Truman Strike Group Transits Strait of Dover for the North Sea
Source: United States Navy
NORTH SEA – The Harry S. Truman Carrier Strike Group (HSTCSG) transited through the Strait of Dover for the North Sea, Oct. 14.
The strike group will conduct operations in the North Sea with Allies and partners from several countries in the region, demonstrating the warfighting interoperability and strategic relationships built over the past eighty years.
“Storied in world history, our transit through the Strait of Dover to operate with our Allies in the North Sea underscores our commitment to maritime security and the NATO Alliance,” said Rear Adm. Sean Bailey, commander of the HSTCSG. “We will operate with our NATO Allies and partners to strengthen our collective readiness, defense, and deterrence. No nation can confront today’s challenges alone, and we look forward to showcasing our interoperability.”
The Strait of Dover, historically known as the Dover Narrows, is the narrowest part of the English Channel and separates Great Britain from mainland Europe. The channel also separates the Atlantic Ocean from the North Sea, a strategically important area where the carrier strike group will conduct various bilateral operations with Allies and partners. The strike group last operated in the North Sea during a deployment in 2018, including time operating above the Arctic Circle in the Norwegian Sea for the NATO exercise Trident Juncture.
“I’m excited to operate in the North Sea again,” said Capt. Dave Snowden, commanding officer of USS Harry S. Truman and former executive officer during the 2018 deployment. “With its unique geographical and environmental characteristics, every time we operate in this region we increase our proficiency and showcase our inherent flexibility to operate anywhere in the world.”
The HSTCSG will support U.S. Naval Forces Europe’s maritime operations and theater security cooperation missions, working alongside Allies and partners to maintain maritime safety, security, and stability. The Ford-class aircraft carrier USS Gerald R. Ford (CVN 78) operated in the North Sea in 2023 and was the first aircraft carrier to visit Oslo, Norway, for a port of call since 1958.
Before entering the Strait of Dover, the strike group operated off the Azores and Northern Africa for a series of warfighting training scenarios between the strike group’s ships and air wing before heading North for the English Channel.
“It feels like the world has their eyes on us, speculating where we’ll go and what we’ll do next,” said Lt. Adam Biethman, a reactor department officer onboard Harry S. Truman. “I love the flexibility of our strike group, and it’s great to know we’ll be operating and learning from our Allies in the North Sea.”
The carrier strike group consists of the flagship USS Harry S. Truman (CVN 75); Carrier Air Wing (CVW) 1 with nine embarked aviation squadrons; staffs from CSG-8, CVW-1, and Destroyer Squadron (DESRON) 28; the Ticonderoga-class guided-missile cruiser USS Gettysburg (CG 64); and two Arleigh Burke-class guided-missile destroyers, USS Stout (DDG 55) and USS Jason Dunham (DDG 109).
HSTCSG’s mission is to conduct prompt and sustained combat operations at sea and remain the cornerstone of the Navy’s forward presence through sea control and power projection capabilities. You can find them on DVIDS at https://www.dvidshub.net/unit/CVN75.
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MIL-OSI Canada: Defence Minister Bill Blair to travel to Europe for North Atlantic Treaty Organization and G7 Defence Ministers’ Meetings
Source: Government of Canada News
The Honourable Bill Blair, Minister of National Defence, will travel to Europe from October 17-20 to meet with Allies and partners to discuss issues of shared interest and ways to strengthen defence relationships.
October 15, 2024 – Ottawa, Ontario – National Defence / Canadian Armed Forces
The Honourable Bill Blair, Minister of National Defence, will travel to Europe from October 17-20 to meet with Allies and partners to discuss issues of shared interest and ways to strengthen defence relationships.
From October 17-18, Minister Blair will attend the North Atlantic Treaty Organization (NATO) Defence Ministers’ Meeting (DMM) in Brussels, Belgium. This meeting will be an important opportunity for Allies to discuss issues related to security in the Euro-Atlantic, Middle East and Indo-Pacific regions, as well as NATO’s ongoing support for Ukraine.
In Brussels, Minister Blair will participate in several side events, including a Defence Ministers’ Meeting of the Global Coalition Against Daesh. The Minister will also host a Northern Defence Dialogue with Arctic Allies and partner states to reaffirm their shared commitment to enhanced collaboration on Arctic security and defence.
From October 18-20, the Minister will attend the first-ever G7 DMM in Naples, Italy. He will participate in discussions with his counterparts on G7 priorities, including support for Ukraine, the conflict in the Middle East, as well as economic security and resilience.
While in Europe, Minister Blair will hold several bilateral meetings with counterparts.
Media Availability
Following the G7 DMM, Minister Blair will hold individual interviews with Canadian media. For further information, please contact Simon Lafortune (details below).
Date and time: Saturday, October 19 between 9:30AM and 10:30AM ET
Other arrangements can be made if necessary.
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Simon Lafortune
Press Secretary and Communications Advisor
Office of the Minister of National Defence
Phone: 343-549-0778
Email: Simon.Lafortune2@forces.gc.caMedia Relations
Department of National Defence
Phone: 613-904-3333
Email: mlo-blm@forces.gc.ca -
MIL-OSI Security: Former King County Jail Guard Sentenced to More Than Eight Years in Prison for Accepting Bribe to Bring Narcotics Into Facility
Source: Federal Bureau of Investigation (FBI) State Crime News
Charity and Disaster Fraud
Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.
BABY JANE DOE
Homicide Victim Washington Township, New Jersey December 4, 1986
Capitol Violence
The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.
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MIL-OSI Security: Fresno Man Sentenced to Three Years in Prison for Series of Vehicle Pipe-Bombings
Source: Federal Bureau of Investigation (FBI) State Crime News
FRESNO, Calif. — Scott Eric Anderson, 46, of Fresno, was sentenced Wednesday to three years in prison for conspiracy to destroy property, malicious destruction by means of an explosive device and being a felon in possession of a firearm, U.S. Attorney Phillip A. Talbert announced.
According to court documents, between November 2022 and February 2023, Anderson committed a series of pipe-bombings on unoccupied vehicles and property in Fresno. The bombings damaged vehicles belonging to two auto-related businesses on Clinton Avenue in Fresno. On Feb. 19, 2023, a bomb heavily damaged a vehicle used by a home health care business on Fallbrook Avenue in Fresno. Anderson sometimes recorded his crimes by video. Law enforcement also recovered a pistol in Anderson’s bedroom. Anderson was previously convicted of carrying a loaded and concealed weapon and is prohibited from possessing a firearm.
This case was the product of an investigation by the Fresno Police Department, the Federal Bureau of Investigation, and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Assistant U.S. Attorney Michael G. Tierney prosecuted the case.
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MIL-OSI United Kingdom: Dan Corry appointed to lead Defra regulation review
Source: United Kingdom – Executive Government & Departments 2
Defra announces internal regulatory review led by economist Dan Corry
The economist Dan Corry has been appointed to carry out an internal review into the regulation and regulators at the Department for Environment, Food & Rural Affairs (Defra).
The review will examine whether the inherited regulatory landscape is fit for purpose and develop recommendations to ensure that regulation across the Department is driving economic growth while protecting the environment.
The review will explore:
- Whether Defra regulators are equipped to drive economic growth, secure private sector investment and protect the environment
- The customer and stakeholder experience of regulation, including the impact on those who are regulated.
- The efficiency of regulation, in particular whether the current regulatory landscape involves any duplication and/or contradiction, and whether there are opportunities to make improvements.
The review is part of wider work to position Defra as a key economic growth department with regulatory reform to:
- Boost private sector investment into the water sector, creating tens of thousands of jobs and speeding up the delivery of infrastructure to clean up water pollution and enable economic growth.
- Transform regional economies across the country through the development of a circular economy by reusing more existing materials, driving down waste across key sectors such as construction and packaging, reducing import costs for businesses and cutting carbon emissions.
- Develop pragmatic solutions that are needed to build the homes and infrastructure this country needs, while protecting and improving environmental outcomes.
- Strengthen economic resilience in communities that need better flood defences.
- Drive rural economic growth by cutting red tape for farmers and boosting Britain’s food security.
Dan Corry brings a wealth of experience to the role, having previously served as Head of the No10 Policy Unit under former Prime Minister Gordon Brown and adviser in many Government departments where he was involved in regulatory reform.
It comes as yesterday (14 October) the government hosted the International Investment Summit with 300 industry leaders, where the Prime Minister set out billions worth of investment deals, as well as plans to tackle unnecessary regulation. This is part of the government’s growth mission to create jobs, improve living standards, and make communities and families across the country better off.
Updates to this page
Published 15 October 2024
