Category: Machine Learning

  • MIL-OSI Asia-Pac: Speech by CE at Partnering for Success – Hong Kong as a “Super Connector” and “Super Value-adder” High-level Business Luncheon in Kuwait (English only)

    Source: Hong Kong Government special administrative region

    Following is the speech by the Chief Executive, Mr John Lee, at the Partnering for Success – Hong Kong as a “Super Connector” and “Super Value-adder” High-level Business Luncheon in Kuwait today (May 14):

    Your Excellency Khalifa Abdullah Dhahi Al-Ajeel Al-Askar (Minister of Commerce and Industry of Kuwait), Excellency Ambassador Zhang Jianwei (Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the State of Kuwait), Excellency Mr Rabah Al-Rabah (Director General of Kuwait Chamber of Commerce and Industry), distinguished guests, ladies and gentlemen, 

    As-salamu alaykum. Good afternoon. It is a great pleasure to be with you today in Kuwait, home to one of the world’s largest oil reserves, and a country as committed to talent development as it is to economic diversification. 

    This is our second day in your resplendent capital, Kuwait City, where past, present and future – in design, culture, lifestyle and so much more – come together like no other city in the world.

    Yesterday, I was honoured to have met with His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait; His Highness Sheikh Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah, the Crown Prince of Kuwait; His Excellency Sheikh Fahad Yousuf Saud Al-Sabah, Acting Prime Minister of Kuwait, and other senior government officials. I thanked them sincerely for the time, interest and hospitality they have shown us, from the moment we arrived in Kuwait. Kuwait has generously arranged for our government delegates to stay at Bayan Palace, a majestic landmark in Kuwait City. I reaffirmed to them the commitment, and sincerity, of Hong Kong and Mainland China in strengthening relations with Kuwait.  

    Yes, I am delighted to be here. So too, are the business and professional leaders with me, a delegation counting some 30 Hong Kong business and institutional heads, together with high-profile representatives of over 20 Chinese Mainland companies from seven provinces and municipalities across the country.

    The delegation brings with them wide-ranging expertise, and invaluable experience, from both Hong Kong and Mainland China, in green development, and innovation and technology, including advanced manufacturing, artificial intelligence, new energy and materials, health and smart city evolution. They also offer Hong Kong’s wealth of experience in finance, infrastructure, transport and logistics, as well as global business operations and deal-making.

    We are here to better understand the opportunities of Kuwaiti business and investment. To explore how Hong Kong, Mainland China and Kuwait, working together, can create long-term mutual opportunities.

    We’re also here to explore closer ties with the Gulf Cooperation Council (Cooperation Council for the Arab States of the Gulf, GCC), which, as all of you know, includes Kuwait. Kuwait currently holds the presidency of the GCC, wielding significant influence in the region’s development.

    Our ties run deep and far. China, our country, and Kuwait established diplomatic ties in 1971 – making Kuwait the first GCC country to do so. Last year, trade between China and Kuwait reached well over US$16 billion. 

    Kuwait, I’m pleased to note, was the first country in the Middle East to sign a Belt and Road co-operation document with China. From of the Central Bank of Kuwait’s headquarters building and housing projects, to telecommunications and smart city developments, Chinese enterprises have participated in numerous infrastructure and business projects here.

    Hong Kong treasures its trade ties with Kuwait, too. Last year, our bilateral merchandise trade totalled US$200 million, up more than 21 per cent over the year before. 

    Hong Kong’s trade with the GCC last year reached nearly US$20 billion, up 53 per cent over the past four years. And that robust growth is underpinned by our mutual will to advance trade ties.

    Thanks to our internationally recognised professional services sector, Hong Kong is a pivotal player in the Belt and Road Initiative. In 2023, we included a Middle East Forum, for the first time, at our annual Belt and Road Summit. And we continue to feature Middle East speakers and guests at the Summit. 

    Hong Kong’s Belt and Road Summit will take place in September this year. As earlier the Chairman of the Trade Development Council (Hong Kong Trade Development Council) said, it’s our 10th anniversary Summit, and I invite you all to join us, to take part in a world of Belt and Road opportunities – in business, investment and more.

    And the Asian Financial Forum, Hong Kong’s flagship event bringing together prominent leaders in finance and business sectors, hosted its first GCC Chapter this January. 

    Yes, the ties between Hong Kong and the Middle East continue to grow and diversify. 

    They include the launching of the Middle East’s first two exchange-traded funds tracking Hong Kong stocks. Hong Kong is partnering with a Middle East sovereign wealth fund, too. Together, we are committed to jointly establishing a US$1 billion fund, investing in companies connected to Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area.  

    The Greater Bay Area, let me add, is a cluster city development that brings together Hong Kong, Macao and nine southern cities in China. The fast-integrating regional economic powerhouse presents a collective GDP (Gross Domestic Product) that closely rivals the world’s 10th largest economy.

    Hong Kong has much to offer Kuwait. Asia’s financial hub and one of the world’s three biggest financial centres, Hong Kong is also the world’s largest offshore Renminbi business centre. Coupled with our Islamic finance experience, Hong Kong is a trusted partner in your project financing – today and long down the road. 

    Free trade is among our great competitive advantages, fuelling our success for the past two centuries. Hong Kong is a free port, and we will continue to be a free port. Like our country, we are a vocal advocate of a multilateral, rules-based global economy, in spite of mounting protectionism and geopolitical tensions.

    And that, ladies and gentlemen, is a testament to our “one country, two systems” governing principle at work. 

    Under the principle, the Hong Kong Special Administrative Region has its own legal, legislative and judicial systems. Our legal system is a common law system, similar to that in many major financial hubs around the globe. We maintain our own currency, with no capital or foreign exchange controls. Information, capital, goods and people flow freely in Hong Kong. 

    The principle of “one country, two systems” also gives Hong Kong unparalleled access to our country’s markets and wide-ranging opportunities. It allows us, as well, to pursue our longstanding ties with the world at large, the Middle East very much included. 

    As today’s luncheon title, Partnering for Success: Hong Kong as a “super connector” and “super value-adder” emphasises, we do more than connecting companies and people. We also add value to their businesses, their services and their future.

    With companies and investors from Mainland China, and all over the world, looking for a financial haven in this time of global economic uncertainty, Hong Kong is flourishing, and keen to work with you, our partners. 

         An international financial newspaper, spotlighting the Hong Kong Exchange and its record quarterly profits, recently noted that Hong Kong has, and I quote, “benefited from a spate of initial public offerings and rising interest from Mainland Chinese and global investors in Hong Kong-listed shares, especially of technological-related companies, driven by optimism over China’s progress in artificial intelligence”. 

    That speaks of Hong Kong’s “one country, two systems” advantages working for you – linking a world of investors to the secure and rapidly growing Chinese market.

    It helps, and greatly, that Hong Kong’s economy is inextricably tied to our common law system and a judiciary that exercises its powers independently, a legal regime that resembles many of the world’s leading financial hubs. They give international companies and investors – Kuwait certainly included – all the confidence and the certainty they need to do business, in Hong Kong and throughout China. Kuwait certainly included.

    Ladies and gentlemen, I’m pleased to note that during our visit, Hong Kong and Kuwait have reached consensus on 24 concrete deliverables, through MOUs and related agreements. A ceremony will take place in just a moment.  

    The agreements cover a broad range of collaboration, from trade and the economy, to investment promotion, financial services, aviation and the maritime industries, post-secondary education, the legal profession, sports and more. 

    And our customs authorities will commence negotiations on the mutual recognition of respective Authorized Economic Operator Programmes. This will create smoother, more convenient international links for our respective companies, making it much easier to do business together.  

    Our Airport Authority Hong Kong will soon sign a new MOU with Kuwait Airways, aimed at enhancing air connectivity between the two regions, fostering operational excellence, supporting sustainability, and advancing talent development in the aviation sector.  

    They will lay a solid foundation for long-term collaboration between our two economies and our two peoples. 

    That just touches on our growing co-operation. Indeed, we are now looking into opening a second Hong Kong Economic and Trade Office in the GCC region, to manage our many ongoing Middle East projects and prospects in the offering.

    One key area is boosting merchandise trade between our economies. Hong Kong, I’m pleased to say, has signed Comprehensive Double Taxation Agreements (IPPA) with five of the six GCC states. We have also entered into Investment Promotion and Protection Agreements with three of the states, with Kuwait being the first. We have also substantially concluded negotiations on an IPPA with Qatar, our previous stop on this trip, and commenced negotiations with another state. 

    Indeed, our burgeoning trade and investment co-operation, I believe, could well add momentum to the possibility of a free trade agreement between Hong Kong and the GCC. I look forward to our continuing discussions with the Council.

    Beyond business and investment connectivity, there is boundless promise, too, in co-operating in sectors such as arts and culture. 

    Yesterday, we had the pleasure of visiting the dazzling Sheikh Abdullah Al Salem Cultural Centre, one of the world’s largest museum complexes. Seeing, firsthand, Kuwait’s compelling commitment to arts, culture and science. I must add that Kuwait is this year’s Arab Culture Capital, presenting nearly 100 activities as part of the country’s cultural celebration.

    Like Kuwait, Hong Kong believes in the primacy of arts and culture. Meanwhile, Hong Kong’s West Kowloon Cultural District is rising as one of the world’s largest cultural developments. And we are committed to becoming the world’s East-meets-West centre for international cultural exchange. That very much includes Kuwait and the Middle East in general.

    My thanks to our Hong Kong Economic and Trade Office in the Middle East and the Hong Kong Trade Development Council for organising today’s welcome gathering. And to the Kuwait Direct Investment Promotion Authority and the Kuwait Chamber of Commerce and Industry for kindly supporting us on this memorable occasion.

    Ladies and gentlemen, I know you will enjoy today’s luncheon. Including, let me add, a musical performance by TroVessional, a Hong Kong group dedicated to Cantonese and Chinese ethnic music, brought to engaging life with classic Chinese instruments.

    Enjoy it and thank you!

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Empowering teen students to achieve more with Copilot Chat and Microsoft 365 Copilot

    Source: Microsoft

    Headline: Empowering teen students to achieve more with Copilot Chat and Microsoft 365 Copilot

    Learn about Microsoft 365 Copilot availability for students aged 13 and older. Enhance learning with AI, enterprise protection, and IT controls.

    We’re excited to announce Copilot Chat and Microsoft 365 Copilot availability for students aged 13 and older is coming this summer with enterprise data protection and IT controls. AI provides new and unique learning opportunities when integrated thoughtfully as a complement to established practices with input from educators. A study from Microsoft Research found that most students demonstrated remarkable curiosity when using AI, asking sophisticated questions that extended beyond their task at hand and led to deeper understanding. Further, the latest report from LinkedIn calls for action to equip the future workforce with AI and uniquely human skills as demand is rapidly increasing.

    We’re optimistic about the opportunities that lie ahead to help students advance their learning and build skills to prepare for success in their future. We’ll share impact and insights from our private preview for students aged 13 and older, product details, and resources to help you get started.

    Try Copilot Chat today

    Increasing student agency with Copilot Chat

    Throughout our preview, we heard feedback from K-12 institutions that reinforced the importance of providing training and support for educators and students, setting appropriate guidelines, and granting permission to experiment and learn together. They also demonstrated what’s possible when these needs are met. Read on for testimonials from Fulton County Schools and Brisbane Catholic Education, with more insights from our preview and resources later in the blog.

    Fulton County Schools first set a foundation with an AI task force, evaluation of over 200 use cases, and alignment on critical goals such as preparing students for their future and giving every student the opportunity to learn in a way that works best for them. After initial training, educators introduced Copilot Chat as a thought partner, provided coaching on topics like prompting, and quickly saw student confidence and curiosity increase. Students used it to ideate, receive immediate feedback without judgment, design multimedia projects, identify and fix code errors, adjust content based on their preferences or pace, and manage their time. Educators are also now able to challenge them more than ever, and students are using Copilot Chat as a force multiplier to bring their ideas and passions to life in ways they couldn’t previously imagine or access.

    Hear Johns Creek High School educators and students share their experience with Copilot Chat in their own words in the following video and read the full story.

    Read the Johns Creek High School story

    For Brisbane Catholic Education (BCE), the journey began with a plan to use AI to support their mission to teach, challenge, and transform in a time where there are increasing needs for reduction of administrative workload and evolution of learning models for digital-native students. Educators in an early trial reported saving an average of 9.3 hours per week which contributed to BCE’s interest and confidence to expand access more broadly. Copilot Chat increased student agency, enabled more project-based work, and accelerated a shift they’ve been trying to make for years to help students truly become learners, not just receivers of knowledge. Shane Tooley, Assistant Principal, noted, “The real promise of Copilot Chat isn’t efficiency—it’s cognition. It’s helping us push students beyond knowledge recall into evaluation, synthesis, and justification.”

    BCE’s success was built on strong leadership buy-in, aligning AI with broader strategic goals, ongoing measurement, and transparent engagement with opportunities for co-design. It sparked new ways of thinking, a culture of sharing, and thoughtful reflection on the future of education. Learn more about how BCE boosts agency and efficiency with Copilot Chat and Microsoft 365 Copilot.

    My role has shifted from lesson planner to facilitator and mentor. One of the most powerful moments was watching a student ask Copilot Chat to reformat their assignment for dyslexia accessibility. That’s agency. That’s personalization. And it happened without pulling the teacher away from the rest of the class.

    Michael Parker, Student Academic Performance and Growth Leader, Trinity College

    Get started with Copilot Chat, learn more about Microsoft 365 Copilot

    Copilot Chat offers free, secure AI chat powered by GPT-4o and the ability to maintain IT control with enterprise data protection and management and is included with Microsoft 365. It also includes features like file upload, image generation, Copilot Pages, and agents. Learn more by reviewing our Copilot Chat documentation. Copilot Chat will be generally available for students aged 13 and older this summer and administrators will need to take additional steps to grant access based on their institution’s plans and preferences. We recommend administrators review the details on managing Copilot Chat access for students and begin taking the next steps to prepare today.

    Manage Copilot Chat access for students

    When you add a Microsoft 365 Copilot license, Copilot Chat becomes more powerful by drawing on the Microsoft Graph for access and understanding of your institutional data, working directly in productivity apps like Outlook, Microsoft Teams, PowerPoint, and Excel, and using advanced measurement and management tools. Microsoft 365 Copilot will be eligible to purchase as an add-on for students aged 13 and older with a Microsoft 365 subscription later in May 2025. Higher education institutions like Indiana University and Miami Dade College are already seeing the impact of Microsoft 365 Copilot to enhance career readiness and increase student engagement.

    Copilot Chat and Microsoft 365 Copilot offer enterprise data protection, the same enterprise terms available in our Microsoft 365 offerings. This means we secure your data, your data is private, your existing Microsoft 365 access controls and policies apply, you’re guarded against AI security and copyright risks, and your data isn’t used to train foundation models. Keeping your institutional data protected is important, and Copilot Chat has built-in safeguards to help ensure it stays that way. Additionally, IT administrators and security professionals can further secure, manage, and analyze the use of Copilot Chat, Microsoft 365 Copilot, Copilot Studio, and agents across their institution with the Copilot Control System.

    We look forward to hearing how Copilot Chat and Microsoft 365 Copilot bring new opportunities to life for your students and institutions. A National 4-H Council survey with young people found that many kids (72%) are seeking support from adults in learning how to use these tools correctly and with confidence. The importance of helping students, educators, and staff adapt to an evolving future will increase and we’ll continue to provide access to the latest technology and relevant resources.

    Explore Microsoft Copilot for personal use

    Many students are not only starting to use AI tools in the classroom, but also at home and for purposes outside of schoolwork. Microsoft Copilot for individuals is designed to inform, entertain, and inspire and can be accessed for free with a Microsoft personal account. Learn more about default settings and policies to protect those aged 13 and older using Microsoft Copilot. Microsoft 365 Personal or Family is also available for use of productivity apps and credits for new AI features. Eligible students can receive a 50% discount on Microsoft 365 Personal and starting today—students in the United States can sign up for a free three-month trial.

    Additional insights from our preview

    We want to thank the inspiring educators, students, and institutional leaders who have shared their insights with us and agreed to share them more broadly with you. Participants emphasized the importance of professional development, guidelines, prompting practice, and creating space for transparency and sharing of successes and failures. Educators noticed Copilot Chat helped keep students engaged, immediately receive and act on feedback, improve their research and analysis process, explore counterarguments, and build AI skills that they’ve already begun using to their advantage in the hiring process and even teaching to their employers in part-time jobs. Students also appreciated time savings, providing relief from the stress of deadlines, through the ability to easily brainstorm, troubleshoot issues, ask unlimited questions, and learn at their own pace.

    Shane Tooley, Assistant Principal Curriculum at St. Peter Claver College says, “If you’re on the fence about AI, it comes down to this: Your students will surprise you. Given the chance, they’ll use AI ethically and meaningfully. The key is to guide them—not restrict them. Show them what good use looks like.”

    Students in Onslow County enjoyed interacting with Copilot Chat to learn more about historical figures, create questions geared towards their specific needs, and receive assistance while away from school. One educator reflected, “Using AI was an eye-opening experience, all I had ever heard or thought about were the negatives, but actually using it allowed me to see many of the wonderful benefits it can bring to our students’ educational experience.”

    Jorge Ledezma, Director of Educational Technology, Santa Margarita Catholic High School advises, “It’s crucial to provide AI literacy courses and resources so that students can learn how to use AI responsibly. Furthermore, emphasizing the importance of privacy and security when using AI tools is vital. This not only helps students understand the ethical implications but also ensures they are well-prepared to navigate the digital world safely.”

    In Saga Prefecture, ⁠instructors helped students use Copilot Chat to learn how to prompt AI tools, program 3D games in Python, resolve issues on their own, and take initiative to further explore their interests. They used Copilot Chat side by side with Microsoft MakeCode for easy access to troubleshooting support and the ability to ask deeper questions about the task at hand. Educators and leaders emphasized the importance of data protection when providing AI tools to their students.

    Dr. Faisal Al Busaidi, Director General of Information Technology, Ministry of Education Oman urges, “Successful adoption of Copilot Chat hinges on the preparedness of educators. I strongly encourage institutions to invest in structured training programs that empower teachers to guide students in using AI tools effectively and thoughtfully.”

    Educators at Our Lady of the Southern Cross College, Dalby noted that Copilot Chat fostered further independence and critical thinking for their students as they reflected on how to use AI effectively and responsibly in and outside of school. They also expressed the importance of providing training for students and staff, and that like any new technology in education—the experience will only be as good as the guidelines and learning sequence that accompany it.

    Lisvette Flores Quiñones, Department of Education, Puerto Rico shared “Copilot Chat’s use in education and document management has been incredibly beneficial in all teaching and learning processes, I look forward to continuing learning and exploring the potential of AI. I encourage my students to start with Copilot Chat, adjust information to their learning style, and to be specific in their prompts to achieve great results.”

    Resources to begin your AI journey

    Educators in our preview program consistently highlighted the need for training in AI rollout and we have several resources and tools to help you and your students get started:

    • AI Classroom Toolkit – Try this creative resource to introduce AI to teen students that blends engaging narrative stories with instructional information for an immersive and informative learning experience.
    • Copilot Chat Adoption Kit – Review the collection of resources for IT, educators, and guardians to get started with Copilot Chat.
    • Family Safety Toolkit – Learn more about online safety guidance for all ages, tools and tips, and resources we have developed over time through engagement with young people and digital safety partnerships.
    • Minecraft Education AI Foundations – Discover a set of accessible, interactive materials for building AI literacy such as curriculum, short videos, Minecraft lessons, and more.
    • Additional free AI tools – Explore the AI-enhanced Learning Accelerators to help students build foundational skills, GitHub Copilot to empower the next generation of developers, and Khan Academy Writing Coach.
    • FarmBeats for Students program expansion – Access a free, comprehensive course providing training on precision agriculture, data science, and AI designed for classrooms of all kinds.

    Discover even more resources for educators, leaders, and administrators:

    MIL OSI Global Banks

  • MIL-OSI Banking: Podcast: Data scientist Cassie Kozyrkov on how AI can be a leadership partner

    Source: Microsoft

    Headline: Podcast: Data scientist Cassie Kozyrkov on how AI can be a leadership partner

    MOLLY WOOD: Today I’m talking with statistician and decision-making expert Cassie Kozyrkov. She advises companies on how to approach decision making and AI strategy. She is also the founder of a discipline called decision intelligence, which is the name of her popular newsletter. Cassie joins us to share her insights on decision making, how people often get it wrong, and how to understand the value AI can bring to an organization. And now my conversation with Cassie. Thanks so much for being here.  

    CASSIE KOZYRKOV: I’m so excited to be here, Molly.  

    MOLLY WOOD: Cassie, you’re credited with founding a field, which all by itself is amazing, and that field is called decision intelligence. Could you give us, broadly, a definition of what that means?   

    CASSIE KOZYRKOV: Decision intelligence is the discipline of turning information to better action—any scale, any setting. So what it does is it annihilates the silos between the decision disciplines, and perspectives on decision making come from the classic ones like psychology and other social sciences, managerial sciences, and, of course, the data and mathematical sciences. Decision intelligence is a kind of end-to-end approach, and if we think about why we might need it—if you have technology that makes the actual execution of something relatively effortless, you might say, hey, machine, do this thing for me, and you get an answer like that. Two questions for you. Did you ask the right thing? And do you know what you’re looking at when you get an answer? We are beginning to speak more and more powerful words to machines. Are we aware of the consequences of what we’re saying, and are we aware of what we’re actually saying? That’s the decision intelligence approach.  

    MOLLY WOOD: So, one of the things that you’ve written that I found completely compelling is this Harvard Business Review article saying many decision makers think they’re being data-driven. You brought up this idea of the gap sometimes between data and intelligence: they think they’re being data-driven when they look at a number, when they form an opinion and execute their decision. Unfortunately, such a decision will be data-inspired, at best. What do you mean by that?   

    CASSIE KOZYRKOV: You can look at that as data-decorated—data as a decoration or as something that makes us feel better about what we’re going to do anyway. We don’t always realize when we’re doing this. We can be completely convinced that we’re integrating information from the real world, but all we’re doing is using it so much more like a mood board and less as a recipe plan or blueprint for decision making. And this really jumps into the concept of confirmation bias. The way that we see information changes based on what we would like to be true or what we believe already. If you have already made a decision, the way that you’re going to look at a number, a fact, is going to be very, very different from, if you haven’t made the decision yet and you intend to use that number to actually drive your decision. When it comes to confirmation bias, there’s a very simple antidote to it—the discipline of pre-committing to how you’re going to use information to drive your decision. In other words, the structure for your decision has to be there before the data. That’s kind of like saying, I’m going to set my goalposts before I actually kick the ball and see where it lands. Not afterwards, where I could just put the goalposts around the ball and say, yay, I scored. And that pre-commitment process that happens way before the data, that is something that leaders, decision makers have to be responsible for. So it’s really about that gap bridging and fluently speaking both languages: the language of engineering and data, and the language of leadership and decision making.  

    MOLLY WOOD: So then we introduce this big, endless opportunity for data, and I believe you have referred to it as endless right answers. How do we think about decision intelligence in the age of generative AI?   

    CASSIE KOZYRKOV: Right. So—   

    MOLLY WOOD: Now things get really messy… [laughter]  

    CASSIE KOZYRKOV: Yeah. Now things do get very messy. So there’s a lot of work done by psychologists where they would show things like, people find it a lot easier to choose between two options. Would you like to have this flavor of gem or that flavor of gem than, say, 16 options? Having more choice doesn’t necessarily make things better and easier. Sometimes having a structure that limits your options can be healthier because we just can’t deal with optimization as humans on that scale. And if 16 is too many for us, what do we do when it’s 16,000 or 16 million? So the thing about generative AI is that it will generate as many as you like, as many as you can afford, compute-wise. What does it mean to have a good customer service interaction where a chatbot is interacting with your customer? What does it mean to draft a good email? What is good in this situation? If you haven’t really thought about that and you start, maybe, going down a rabbit hole, you have to learn how to cut it off and limit your own options and get to where you’re trying to go faster, because if you don’t, here you are looking at potentially infinite good-ish possibilities. How do you choose in those situations? One of the hardest types of choices that you can face is the—good problem to have—situations where the distance between two options is actually quite small. So, a classic example here is going on vacation. And if I asked you whether you would prefer to go to vacation in, let’s say, your local landfill or Paris, right. [laughter] I mean, that’s a fairly easy vacation choice. But let’s say it’s Paris versus another place that you feel quite similarly about—let’s say Paris and Madrid. They’re both great. So how do I then choose between these two if they are so similar, and how do I find what would break that tie? I may find myself overspending effort on that minuscule distance between these two pretty good options. With generative AI as well, you now start to get this proliferation of fairly good answers, and the distance between them might be really small. And then how do you figure out how to inform a choice between all those options? How you would do that would be similar to how you would break a tie between Madrid and Paris. There’s not one right answer.   

    MOLLY WOOD: But it is interesting because it points to what you were saying, which is that you sort of have to go to the end. You have to go to, even if it’s individual, what you value the most. So for example, I might prefer croissants to tapas, and therefore I can optimize backwards. But, and what I like about what you’re saying is that, there’s really still a human, there’s really still goal setting. There’s not this sort of blind following of whatever generative AI is telling you.  

    CASSIE KOZYRKOV: Hundred percent. Hundred percent. Connecting with your personal reason, your why, is how you break these ties. What AI can help you with is generating a bunch of options for you. There’s this tendency to maybe skip a step when we see something that calls itself AI, or it’s computer-y, there’s math somewhere around it, there’s data somewhere around it, that people think that now what we get is access to objectivity, access to the only possible answer. It still comes back down to who is driving, what is important to them, and how they create the criteria for what happens next. So how do we set everything up so that at the end, the technology, the tools, the outputs really do serve the people who are behind all of it? A piece of advice that I have for absolutely everybody is, find the practice, the discipline, of seeing the humans in any technological system. There are so many trade-offs and choices that happen before we get to the mathematical stuff, and understanding that there are people making those trade-offs—we hope that they’re doing it wisely—is maybe the best skill that we can have as decision makers in an increasingly complex and technological world.  

    MOLLY WOOD: This sort of leads us naturally, then, into what you have called the generative AI value gap—the difference between individuals finding enormous value in generative AI and organizations struggling to measure that value. How do they get across that gap?   

    CASSIE KOZYRKOV: When you get a new tool or a new toy, it is enough that it feels useful to you, quite often. I feel like I go faster at writing email if I have generative AI do some pre-drafts for me. That feels good. But if we were actually to dig in and say, well, how do you measure, do you actually know how much of a speed-up you’re getting? And now you want to implement this tool at some kind of scale in an organization. Scale demands to be measured. The first question is, okay, what’s the ROI here? And it’s going to be fairly straightforward to figure out what it costs to put it in, this much headcount, this much processing power, this much technical debt. Then what do we get out of it? These technologies don’t come with that concept built into them. The leader has to take responsibilities down and say, This is why we’re doing it. This is what it means for the system as a whole to succeed. This is the cutoff where the answers are good or better. I want to create a system that generates social media copy automatically, let’s say. Well, then, how do I determine whether one piece of copy is better than another piece? How much better? And that articulation is something that a lot of people find very difficult.   

    MOLLY WOOD: What this is raising for me is the other kind of interesting question about making decisions with AI, being able to use this potential thought partner to break out of some of those patterns, to say, I know that I could be working toward a better outcome that I have not yet determined, because I’m still only human—even if I’m a really good leader and I know I need one. Imagine, then, how could we engage with AI thought partners to help us think differently, get to a different end goal before we start putting in all the data?   

    CASSIE KOZYRKOV: One of your procedures that you would want to do as you’re structuring a decision is to think about what you haven’t thought of. One approach to doing that is analytics. You can also go to an AI brainstorming partner and say, What haven’t I thought of? This is how I’m structuring my decision. What am I ignoring? What hasn’t occurred to me? What assumptions might I be making that I don’t even realize I’m making? AI will keep pushing you. You say, give me 50 more. It will try. A lot of them will be garbage, but you might go, huh, that 47th one, I really didn’t think of that. Maybe that’s much more important than what I’m focusing on.   

    MOLLY WOOD: And that feels magical because it takes a little bit of that pressure off. Like, yes, you still have to lead, but you maybe have a partner in getting you to the leadership part.  

    CASSIE KOZYRKOV: Right, right.   

    MOLLY WOOD: With that in mind, are there problems that come to mind for you that we might be able to solve that we would’ve had a hard time solving before?   

    CASSIE KOZYRKOV: Drug discovery is a great one, right? That timeline is shortening because you now have this ability of a machine that really supplements two things that we used to think of as very uniquely human. One of these was memory, and the kind of memory that can hold abstract concepts and layer Lego blocks of abstractions in a way that we haven’t really found evidence of animals doing. So, what a fantastic property. Data is really good for memory, data is really good for attention. Machines, they’re pretty cool memory prosthesis. The other thing that’s quite special about us is language, and that we are able to transmit information with language. AI is really participating in both of these topics, suddenly giving us access to vast amounts of shared memories. And then with language, the reason that generative AI, I think, is really wowing people is that, before, if you wanted to talk to a computer, you would have to learn a language—your C++, your Python, whatever it is. Whereas now, you have this democratization where you can speak your own language and have a shot at the machine being able to do things for you. The trouble with our own language, though, is that it is not precise. Mathematics is a great way to say very little, very precisely. So that gives you a lot of control. Poetry is a great way to say a lot, very imprecisely. Now we can express ourselves poetically and be a little bit surprised by what we get. Now think about that element of being surprised by what we get, and put it in the context of generating ideas, of brainstorming. How wonderful. And then put it in the context of something mission-critical, where the system has to work. How do you put guardrails and safety nets on what is essentially a kind of proto-genie, and the prompt is a kind of proto-wish. And are we sure that we are able to express ourselves properly, particularly when we’re going to scale that wish up? How do we think about what we actually mean? How do we do it well? That prompt is more like a wish. You might make a terrible prompt and get something that, you know, you definitely don’t deserve, based on the effort you put in—  

    MOLLY WOOD: Your poor construction. [laughter

    CASSIE KOZYRKOV: Yeah, right, exactly. Your poor construction. You didn’t know what you were asking for, and somehow you got something good back. That’s possible. You might also have done a really great job of asking, gotten something garbage back, this surprise factor. As we put in this surprise factor and we start to scale it up beyond the individual user, we start to take it into the organization. What does it mean to have a system that has this greater propensity for surprise, uncertainty, for complexity, for chaos?   

    MOLLY WOOD: If you wouldn’t mind sharing, how are you using AI in your work and, ideally, your personal life?   

    CASSIE KOZYRKOV: What AI needs to do for me is make me more effective. Does it make me better? Does it augment me, does it help me do something faster, smarter, or in a more inspired way than before? So of course, I look at things I work on and find all the drudgery—a lot of it is translation. So language translation is what we’re actually talking about quite often when we’re thinking about these generative AI systems. Language is the interface to human collaboration. Naturally attempting to express myself is more convenient, and so I can get my wishes translated. I can get them translated into code, I can get them translated into action. So if I am really dreading writing a particular kind of email, I might ask for a draft—edit the email a bit and put it into my voice. If you think translation is like English to Spanish and back, that’s too narrow. Translation also includes taking bullet points and translating them into a fleshed-out email, and taking a fleshed-out email and translating it back into bullet points, which was a use case that I found that a lot of people were doing with generative AI, which tells you a lot about the human condition. What I don’t use AI for is thinking on my behalf. A classic thing—so my dad absolutely does this, or at least pretends to do this. So he will be looking at a menu, he will be stuck between two fairly good options. Maybe it’s the Caesar salad that he likes. Maybe it’s the steak. Those to him are quite similar, as it turns out. And then he will take out a coin. He will flip that coin and that will tie-break for him. He knows there that he’s fairly indifferent. He’s thought about it, and that’s why I say it’s like something he pretends to do, to say the coin makes the decision. It is very possible to use AI in this way. And in the same way that I don’t recommend letting a coin run your life, I also don’t recommend having what is also a very similar process. An AI system is composed of much smaller Lego blocks, which if you take them down to their atoms will look a lot like coin tosses. It’s a probability engine. You don’t want that running your life either. So you, the human, you have to stay in control. You have to say, this is how I’m setting things up. This is what’s important to me. This is what I’m choosing not to pay attention to. This is what I’m choosing to pay attention to. You are the author of meaning as a human. You choose what’s important, and then you use AI afterwards.   

    MOLLY WOOD: Knowing that this is how you’re going to approach this question, I feel like it’s going to be an extra interesting answer to the question we always ask, which is, if you’re fast-forwarding three to five years, what do you—not necessarily think—what do you predict may be some of the most important changes in the way we work, or the biggest changes.  

    CASSIE KOZYRKOV: So I have this concept of thunking versus thinking. Thinking is exactly what it sounds like. Thunking is where, it’s like the sound of a dull brick—thunk, thunk, thunk. It’s where, if we’re honest with ourselves, we are executing on something that we’ve already decided how we’re going to approach, and now we’re a little bit checked out. It’s the difference between a conversation where you are engaged and a conversation where you’ve already pre-planned what you’re going to say, you’re not listening anymore. The thing with AI and other kinds of machine automations is that they will automate more and more and more of the thunking, and every job has a thunking component, where you’ve figured out what to do. What’s going to be interesting, challenging, is how we approach managing thinking as we take out a lot of the thunking, because I’ll tell you what not to do. What not to do is to say, great, I had this employee and I have automated out so much thunking that I’ve taken out seven hours out of a nine-hour workday. Great. Let me compress that and make them do thinking for two hours. And now they come to work at 9 a.m., they leave at 11 a.m., and they’re just going to do pure thinking. If anything’s wishful thinking it’s that. That is not how we optimize for the creative and engaged moments. I’m not sure that we know how to optimize for them. What we’ve been measuring this entire time is the most repetitive, the most digitized, and the least creative aspects of work. That’s what we know how to measure, because they’re easy to measure. How do you define creativity so you can measure it? That’s hard. But you can measure the amount of time someone sat in their chair, words per minute that they typed, the number of customers that they served. These are all the things that AI sees. What AI doesn’t see is the creative bit. So then if you’re going to take away the thunking, what are you going to do to make sure that the thinking still happens well? Okay, I am in charge of myself as my own boss and CEO of my company. So no one tells me how to spend my thinking, thunking, creative, not creative time. Every time that I find a way to automate some of the thunking, which I do quite aggressively, I try to remove as much of it as possible, I find that I still need to put something like that back into my schedule so that I have the creative thoughts. Now, it’s nice that I can choose between, you know, I find data entry quite soothing, so sometimes I’ll enter data into a spreadsheet that I don’t even need to enter, just for the soothing relaxation that I think a lot of people seek when they play games on their phone. That when you distract yourself from pure thinking, you may be more likely to be creative, you may find that you actually need those things. What we’ll see is that work is trying to push those things out, because that’s what we used to optimize for. We used to optimize for those things. Now we will find how to really optimize for those things, and then we’ll have empty space. Workers will have empty space. How will leadership deal with that empty space, and will they deal with it in a way that really optimizes for creative ideas, healthy cultures, and productive work environments? That’s going to be a massive challenge, and in three to five years we will have to solve this challenge. And so that’s something we’d better start with today. 

    MOLLY WOOD: Thank you again to Cassie Kozyrkov, AI and decision intelligence expert. You can find her Substack at decision.substack.com. Thank you so much for the time.  

    CASSIE KOZYRKOV: Thank you so much for having me.   

    MOLLY WOOD: Thank you all for joining us, and keep checking your feeds. We have more fascinating guests on the way with actionable insights that can help leaders develop an AI-first mindset, reimagine their business for a new era of work, and maximize the ROI of AI. If you’ve got a question or a comment, please drop us an email at worklab@microsoft.com, and check out Microsoft’s Work Trend Indexes and the WorkLab digital publication, where you’ll find all our episodes, along with thoughtful stories that explore how business leaders are thriving in today’s new world of work. You can find all of that at microsoft.com/worklab. As for this podcast, please, if you don’t mind, rate us, review us, and follow us wherever you listen. It helps us out a ton. The WorkLab podcast is a place for experts to share their insights and opinions. As students of the future of work, Microsoft values inputs from a diverse set of voices. That said, the opinions and findings of our guests are their own, and they may not necessarily reflect Microsoft’s own research or positions. WorkLab is produced by Microsoft with Godfrey Dadich Partners and Reasonable Volume. I’m your host, Molly Wood. Sharon Kallander and Matthew Duncan produced this podcast. Jessica Voelker is the WorkLab editor. 

    MIL OSI Global Banks

  • MIL-OSI: SOL NEWS: Kaanch presale live at Solana’s Presale Price — with XRP-Like Utility Already Live

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 14, 2025 (GLOBE NEWSWIRE) — Everyone wants to catch the next Solana — the kind of early-stage entry that turns a few hundred dollars into life-changing gains.

    Back in 2020, Solana was quietly selling its tokens for around $0.20. There were no headlines, no hype. Just a powerful new chain that most people ignored — until it didn’t just rise, it exploded.

    Fast forward to today, and Kaanch Network is showing similar early-stage signs. Priced at $0.16 in Stage 5 of its presale, Kaanch offers what Solana didn’t have at launch: a working product already in use.

    Secure your Kaanch tokens now

    Why the Comparison Matters

    Solana was built on speed and scalability. Kaanch is built on utility and functionality — with a focus on governance, staking, and decentralized infrastructure.

    Like Solana, Kaanch is a Layer-1 chain with impressive performance: up to 1.4 million transactions per second and near-zero gas fees. But where Solana spent months rolling out developer tools, Kaanch has already delivered them.

    Its platform is live, and early Web3 teams are using it now to launch DAOs, configure staking systems, and manage on-chain proposals — all without code.

    The $KAANCH token powers every feature, from DAO deployment to treasury role management. That means adoption fuels demand automatically.

    A Rare Chance at a Sub-$0.20 Token With Real Usage

    This isn’t a whitepaper pitch. It’s a live, scalable blockchain protocol — and it’s still being offered at $0.16.

    But not for long. Stage 6 of the presale is already confirmed at $0.32, and listings are expected after that. As more teams integrate Kaanch and token visibility grows, it’s only a matter of time before the price catches up to the product.

    Presale access is open here

    Final Word

    Catching the next Solana isn’t about luck — it’s about spotting patterns.
    A high-performing chain. A low entry price. A working product. A token that does more than sit idle.

    Kaanch checks every box. And right now, before listings hit, you still have time to act.

    Join the presale before Stage 6 begins

    Don’t miss out on this chance to be part of the future of blockchain technology!
    For more details and to join the presale, visit:
    Website | Presale | Twitter/X | Telegram

    Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

    Contact:
    Ved Singh
    info@kaanch.com

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

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/430c5ebd-ad80-4a39-b7c6-356b06bde375

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6a279140-9e30-460b-8bf4-473f271e5b9f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d3972237-d712-49de-9a9a-9a13c1629e47

    The MIL Network

  • MIL-OSI: Scottsdale’s Youtech Fuels National Growth with Local Talent Expansion

    Source: GlobeNewswire (MIL-OSI)

    •   Youtech’s strategic growth aims to further enhance Arizona’s legal, manufacturing, and healthcare sectors

    •   Solidifying its position as one of the United States’ largest digital marketing agencies, Youtech demonstrates momentum for future growth

    SCOTTSDALE, Ariz., May 14, 2025 (GLOBE NEWSWIRE) — Youtech, a leading global full-service digital marketing agency deeply rooted in Scottsdale, today announced a significant phase of national growth fueled by the expansion of its talented workforce, including a growing team right here in the Valley. This strategic initiative will allow the agency to further enhance its service capabilities and better support its expanding client base, both locally and nationwide.

    Building upon its strong Scottsdale presence, a vital component of its 120-strong national team, Youtech is actively hiring with the ambitious goal of increasing its total employee count to over 150 by the end of 2025. A significant portion of this hiring effort will be focused on solidifying the teams within Youtech’s Scottsdale office, strengthening its capacity to deliver exceptional results for a diverse range of Arizona businesses.

    This local expertise spans various sectors, from legal services helping firms connect with those in need, to e-commerce suppliers of pool and spa equipment reaching homeowners, and the dynamic world of fine dining, supporting iconic steakhouses and seafood restaurants in elevating their brand and attracting discerning patrons. The agency also provides crucial digital marketing support for the home services industry (HVAC, roofing, plumbing) and outdoor cooling solutions manufacturers, demonstrating tangible marketing ROI in both traditional and AI-driven search environments.

    Looking ahead, Youtech projects substantial long-term growth, with a clear trajectory to exceed 250 employees nationally within the next three years. This ambitious forecast reflects the Scottsdale office’s consistent track record of success in driving results for Arizona businesses across diverse industries, its client-centric approach, and the increasing demand for its data-driven digital marketing expertise. This includes optimizing local online visibility for businesses through Google Ads, backed by its status as a Google Premier Partner (top 3% of U.S. agencies), and crafting captivating web design and branding that resonates with target audiences, whether they are seeking expert legal counsel, reliable aquatic supplies, a memorable dining experience, or effective climate control for outdoor spaces, ensuring relevance in AI-generated content.

    “This rapid growth marks an exciting chapter for Youtech, and our Scottsdale team is instrumental in our national success,” said Wilbur You, CEO and Founder of Youtech. “Strengthening our physical presence in key markets like Scottsdale allows us to even better serve our valued local clients across vital Arizona industries while also attracting top-tier talent from the Phoenix metro area to our growing team. Our focus remains on delivering exceptional results, and this strategic growth, including the launch of our innovative YouRank GEO service, will enable us to elevate the marketing performance of businesses right here in Arizona and across the nation in the age of AI.”

    As one of the largest digital marketing agencies in the nation, with a significant and expanding team right here in Scottsdale serving a diverse portfolio of Arizona-based clients in sectors like law, e-commerce, hospitality, manufacturing, and home services, Youtech continues to set new benchmarks in the industry, driving measurable results for businesses across a wide range of sectors through its comprehensive suite of services.

    About Youtech
    Youtech & Associates Inc. (“Youtech”) is a leading, full-service digital marketing agency providing solutions to brands of all sizes. Bootstrapped in 2012 with an investment of just $600, the agency has since become an award-winning powerhouse serving over 2,000 clients, completing over 10,000 projects, and generating over $10 billion in client sales worldwide. With a strong and expanding presence in Scottsdale, alongside offices in Chicago and Dallas, Youtech is one of the fastest-growing digital marketing firms in the country. Learn more about Youtech at https://www.youtechagency.com/.

    Company Contact
    Michael Norris
    mnorris@youtechagency.com

    Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network

  • MIL-OSI Global: Forget chatbots: research suggests reading can help combat loneliness and boost the brain

    Source: The Conversation – UK – By Barbara Jacquelyn Sahakian, Professor of Clinical Neuropsychology, University of Cambridge

    Rawpixel.com/Shutterstock

    Loneliness has become such a widespread problem that Silicon Valley billionaires are now highlighting it to market AI companions, with Mark Zuckerberg recently stating “the average American has fewer than three friends”.

    This actually echoes what the World Health Organization has called a crisis of social isolation and loneliness. They report that around 25% of older adults are socially isolated and 5%-15% of adolescents are lonely. But a variety of research – including our own – suggests reading may be a much better solution than chatbots.

    Human interaction is no doubt hugely important. In a study we published in 2023, we found that it only takes around five close friends for children and adolescents to thrive, giving them better brain structure, cognition, academic performance and mental health.

    Having fewer than five close friends may not provide enough social contact. But larger numbers are less likely to be close friends. The dilemma of technology frequently means that despite some people having vast numbers of friends on social media, they are not close friends and so do not provide the social support needed.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Similarly, chatbots may not provide the type of face-to-face social interaction that people need to flourish. During the pandemic lockdowns, a study found that face-to-face communication was far more beneficial for mental health than digital communication.

    But how can reading help us to feel less lonely and have better wellbeing?

    A recent survey from The Queen’s Reading Room, the charity and book club of Queen Camilla, and other surveys, have found that reading fiction and other books significantly reduces feelings of loneliness and improves wellbeing.

    Another charity, The Reader, conducted a survey of approximately 2,000 participants and found that this was especially true among young adults. Fifty-nine percent of those aged 18-34 said reading made them feel more connected to others and 56% felt less alone during the pandemic.

    Another survey, in conjunction with the University of Liverpool, of over 4,000 participants found that reading offers powerful benefits, serving as a top method for reducing stress. In addition, participants reported that reading encouraged personal growth, such as improving health, picking up hobbies and boosting empathy, with 64% of readers having a better understanding others’ feelings.

    Reading and the brain

    Indeed, scientific research looking at book clubs and shared reading back this up, finding notable emotional and social benefits of reading. For example, students reported greater connection (42.9%) to others, deeper understanding of others’ experiences and beliefs (61.2%) and reduced loneliness (14.3%) as a result of reading.

    The surveys above all rely on people reporting how they feel, rather than an objective measure. But there are also findings from objective measures of the brain, including neuroimaging. A systematic review of 11 intervention studies showed that shared reading among older adults improved wellbeing and helped alleviate loneliness and social isolation.

    One way in which reading may help reduce loneliness is by enhancing our social cognition, which is the ability to understand and connect with others.

    There are plenty of cognitive benefits from reading, in addition to social connectedness.
    aniascamera/Shutterstock

    A neuroimaging study of young adults found that reading fiction, particularly passages with social content, activated areas of the brain involved in social behaviour and emotional understanding, such as the dorsomedial prefrontal cortex. This brain region was also linked to the stronger social cognition seen in frequent fiction readers, suggesting a neural pathway through which reading fosters greater social connectedness.

    Importantly, reading may also reduce the risk of dementia. One study of 469 people aged 75 and over, with no dementia at baseline, were followed up for 5.1 years. Among leisure activities such as playing board games, playing musical instruments and dancing, reading was associated with a 35% reduced risk of dementia.

    A number of studies have similarly shown that engaging in cognitively stimulating activities, such as reading, can slow cognitive decline and reduce the risk of dementia.

    Our own research also showed the benefits of reading for pleasure early in life. In a large sample of over 10,000 children in the Adolescent Brain Cognitive Development (ABCD) Study, we found that those children who read for pleasure early in life had better brain structure, cognition, academic achievement, longer sleep duration and better mental health – including lower symptoms of inattention, stress and depression – when adolescents. Importantly, they also had less screen time and better social interactions.

    So, while AI and chatbots can enhance our lives in many ways, they are not a solution to everything. We know that while technology has many benefits, it has also produced many unforeseen problems. Let’s solve problems of loneliness and social isolation through reading and book clubs. Reading is also a great way to improve brain structure, cognition and wellbeing.

    We recently gave a talk about this topic for the British Neuroscience Association, in association with The Queen’s Reading Room. We would like to thank the Queen’s Reading Room CEO, Vicki Perrin for her input and support.

    Barbara Jacquelyn Sahakian receives funding from the Wellcome Trust and the Lundbeck Foundation. Her research work is conducted within the NIHR Cambridge Biomedical Research Centre (BRC) Mental Health and Neurodegeneration Themes. She consults for Cambridge Cognition.

    We recently gave a talk about this topic for the British Neuroscience Association, in association with The Queen’s Reading Room. We would like to thank the Queen’s Reading Room CEO, Vicki Perrin for her input and support. Christelle Langley receives funding from the Wellcome Trust. Her research work is conducted within the NIHR Cambridge Biomedical Research Centre (BRC) Mental Health and Neurodegeneration Themes.

    ref. Forget chatbots: research suggests reading can help combat loneliness and boost the brain – https://theconversation.com/forget-chatbots-research-suggests-reading-can-help-combat-loneliness-and-boost-the-brain-256613

    MIL OSI – Global Reports

  • MIL-OSI Canada: Minister of Finance to Co-Host G7 Finance Ministers and Central Bank Governors’ Meeting in Banff

    Source: Government of Canada News

    May 14, 2025

    As part of Canada’s G7 Presidency, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, and Bank of Canada Governor Tiff Macklem, will co-host the G7 Finance Ministers and Central Bank Governors’ Meeting in Banff, Alberta, from May 20 to 22. They will be joined by Finance Ministers and Central Bank Governors from the G7 countries (France, Germany, Italy, Japan, United Kingdom, United States) and the European Union.

    G7 Finance Ministers and Central Bank Governors will be joined by the heads of the International Monetary Fund, the Organisation for Economic Co-operation and Development, the World Bank and the Financial Stability Board. The Ukraine Finance Minister and the President of the Financial Action Task Force will join for parts of the meeting. Ministers and Governors will discuss and share views on current global economic and financial challenges, with a focus on how the G7 can work together on issues.   

    The details of the media events and core programming are described below.

    Please note that media events are restricted to accredited media, and the accreditation portal is now closed. Additional logistical details for each media event will be provided directly to accredited media, closer to the events. Please contact mediag7@fin.gc.ca with any questions.   

    Core Program (All Times Local, MT)

    Tuesday, May 20

    4:00 p.m.

    The Minister and the Ukraine Minister of Finance, Sergii Marchenko, will answer questions from the media.

    Wednesday, May 21

    8:15 a.m. – 8:45 a.m.

    The Minister will join fellow G7 Finance Ministers and Central Bank Governors for a group photograph and hold a welcoming ceremony.

    Open to media. Photo opportunity only.

    9:00 a.m. – 9:15 a.m.

    The Minister and Governor will officially open the G7 Finance Ministers and Central Bank Governors’ Meeting.

    Pooled B-roll media opportunity.

    9:30 a.m. – 4:30 p.m.

    The Minister and Governor will co-chair sessions on the global economy, economic resilience and security, and the situation in Ukraine, among others.

    Closed to media.

    Thursday, May 22

    8:30 a.m. – 12:30 p.m.

    The Minister and Governor will co-chair sessions on financial crime and artificial intelligence, among others.

    Closed to media.

    12:30 p.m. – 1:00 p.m.

    The Minister and Governor will hold a joint press conference to close the G7 Finance Ministers and Central Bank Governors’ Meeting.

    Open to media. A media availability will follow. Watch live on X at https://x.com/G7 or on Facebook at https://www.facebook.com/G7.

    MIL OSI Canada News

  • MIL-OSI: Youtech Deepens Texas Roots with Dallas-Area Talent Expansion Across Key Local Sectors

    Source: GlobeNewswire (MIL-OSI)

    • Youtech’s growing Dallas team to drive digital success for Texas’s leading industries, including home services, healthcare, legal services, and beyond
    • Building on national strength, Youtech enhances local expertise and client outcomes in the Dallas-Fort Worth area

    DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Youtech, a leading global full-service digital marketing agency, today announced a significant phase of national growth fueled by the expansion of its talented workforce, including a growing team right here in Dallas. As part of its 120-strong national team, Youtech is actively hiring to increase its impact, focusing on building its presence in the Dallas-Fort Worth metroplex. This strategic initiative will enhance the agency’s service capabilities and support its expanding client base, both locally and nationwide.

    Youtech’s growing Dallas team will provide specialized support to key local industries such as home services (HVAC, roofing, plumbing), healthcare, legal services (personal injury, divorce, corporate), and more. By leveraging its deep understanding of the Dallas market and these specific sectors, Youtech aims to deliver highly effective and locally relevant digital marketing solutions.

    Looking ahead, Youtech projects substantial long-term growth nationally, including its expanded presence in Dallas. This reflects the team’s proven track record in understanding and serving local businesses, complementing its national success in meeting the increasing demand for data-driven digital marketing expertise. This includes optimizing local online visibility through innovations like Google Ads, backed by its status as a Google Premier Partner (top 3% of U.S. agencies), and crafting compelling web design and branding tailored to target audiences.

    “This national growth, with a significant focus on expanding our team in Dallas, marks an exciting chapter for Youtech,” said Wilbur You, CEO and Founder of Youtech. “Strengthening our presence here allows us to better serve our valued local clients across vital Texas industries while attracting top-tier talent from the Dallas-Fort Worth area. Our focus remains on delivering exceptional results, and this strategic growth, including the launch of our innovative YouRank GEO service, will enable us to elevate the marketing performance of businesses in Dallas and nationwide in the age of AI.”

    As one of the largest digital marketing agencies in the nation, Youtech continues to set new benchmarks in the industry, driving measurable results for businesses across various sectors through its comprehensive suite of services.

    About Youtech
    Youtech & Associates Inc. (“Youtech”) is a leading, full-service digital marketing agency providing solutions to brands of all sizes. Bootstrapped in 2012 with an investment of just $600, the agency has since become an award-winning powerhouse serving over 2,000 clients, completing over 10,000 projects, and generating over $10 billion in client sales worldwide. With a strong and expanding presence in Scottsdale, alongside offices in Chicago and Dallas, Youtech is one of the fastest-growing digital marketing firms in the country. Learn more about Youtech at https://www.youtechagency.com/.

    Company Contact
    Michael Norris
    mnorris@youtechagency.com

    Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network

  • MIL-OSI: Results of the Annual General Meeting of GAM Holding AG

    Source: GlobeNewswire (MIL-OSI)

    Zurich: 14 May 2025

    PRESS RELEASE

    Results of the Annual General Meeting of GAM Holding AG

    • All proposals, as recommended by the Board of Directors, were approved with large majorities
    • Chairman and all members of the Board of Directors re-elected

    At the Annual General Meeting held on 14 May 2025, the shareholders of GAM Holding AG approved all the proposals put forward by the Board of Directors.

    Shareholders who were unable to attend the Annual General Meeting could give their voting instructions to an independent proxy; 83% of the total 1,065,257,891 shares (as registered in the commercial register) were represented in comparison with 53% in 2024. The management report, the annual company’s and consolidated financial statements were approved, and shareholders discharged the members of the Board of Directors elected at the AGM on 15 May 2024 and the Group Management Board for the financial year 2024. The compensation report for 2024 was approved in a non-binding consultative vote.

    Increase in conditional capital and amendment to the Articles of Incorporation approved

    The Board of Directors proposed an increase in conditional capital and a corresponding amendment of the Articles of Incorporation to meet its obligations under various Board of Director and employee incentive plans. These proposals were approved.

    Re-elections and elections to the Board of Directors

    Antoine Spillmann was re-elected as Chairman of the Board of Directors and Anthony Maarek, Jeremy Smouha, Carlos Esteve, Inès de Dinechin, Anne Empain and Donatella Ceccarelli as members of the Board of Directors. All members of the Board of Directors were elected for a term of office until the end of the Annual General Meeting 2026.

    Compensation decisions

    Shareholders also approved all the compensation proposals, including retrospective share-based compensation for the Board of Directors and Group Management Board.

    Antoine Spillmann, Chairman of the Board of Directors, said: “On behalf of the Board of Directors, I would like to extend my deepest gratitude to our shareholders for their unwavering trust and support. GAM entered a phase of renewed stability and strategic momentum during 2024 and with the successful conclusion of today’s Annual General Meeting and the approval of all proposals, we have made significant strides in our journey towards transformation. As we look ahead to 2025 and beyond, we remain fully committed to delivering sustainable growth, strong investment performance, and lasting value for our clients, and all our stakeholders.”

    The complete voting results, biographies of the elected Board of Directors and further information on the Annual General Meeting can be found on the company’s website here: www.gam.com/agm2025.

    Additional information

    AGM Portal |  2024 Sustainability Report  |  GAM corporate calendar

    For further information please contact:

    Investor Relations       
    Magdalena Czyzowska  
    T +44 (0) 207 917 2508 
    Media Relations           
    Colin Bennett                
    T +44 (0) 207 393 8544

    Visit us: www.gam.com
    Follow us: X and LinkedIn

    About GAM

    GAM is an independent investment manager that is listed in Switzerland. It is an active, independent global asset manager that delivers distinctive and differentiated investment solutions for its clients across its Investment and Wealth Management Businesses. Its purpose is to protect and enhance its clients’ financial future. It attracts and empowers the brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 16.3 billion as of 31 December 2024. GAM has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit www.gam.com

    Other Important Information

    This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, “estimate”, “aim”, “project”, “forecast”, “risk”, “likely”, “intend”, “outlook”, “should”, “could”, “would”, “may”, “might”, “will”, “continue”, “plan”, “probability”, “indicative”, “seek”, “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

    Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

    This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.

    Attachment

    The MIL Network

  • MIL-OSI: Youtech Fuels National Growth with Chicago-Area Talent Expansion Across the Midwest’s Core Industries

    Source: GlobeNewswire (MIL-OSI)

    • Youtech’s expansion unleashes digital success for Illinois’ foundational industries
    • Solidifying its position as one of the nation’s largest digital marketing agencies, Youtech demonstrates unyielding momentum for future growth

    CHICAGO, May 14, 2025 (GLOBE NEWSWIRE) — Youtech, a leading full-service digital marketing agency with a significant local presence in the Chicago area and recognized as one of the largest in the United States, today announced a substantial phase of national growth, powered in part by the expansion of its team right here in the heart of the Midwest. This strategic initiative will enhance the agency’s ability to serve its growing client base both locally and across the country, supporting the very backbone of the region’s economy.

    Building upon its established Chicago team, a crucial part of its national workforce, Youtech is actively hiring to increase its employee count to over 150 by the end of 2025. This growth will significantly strengthen the Chicago office, enhancing its ability to deliver exceptional results for Illinois, the Midwest, and national clients. Their local expertise supports vital regional sectors, including food security for non-profits and sustainability for environmental services. The agency also drives growth for the gaming and brewery industries, home services industry (HVAC, roofing, plumbing), construction material suppliers, and more.

    Looking ahead, Youtech projects substantial long-term growth, with a clear trajectory to exceed 250 employees nationally within the next three years. This ambitious forecast reflects the Lisle office’s consistent contributions to the agency’s success in driving results for Illinois and Midwest businesses across diverse industries, its client-focused approach, and the increasing demand for its data-driven digital marketing expertise. This includes optimizing local online visibility for businesses, crafting captivating web design, and creating branding that resonates with local target audiences, whether they are looking to find sustainable environmental solutions vital for the region’s future, enjoy entertainment that drives local economies, or improve their homes and communities.

    “This rapid growth marks an exciting chapter for Youtech, and our Chicago-area team is a cornerstone of our national success, deeply connected to the industries that form the backbone of the Midwest,” said Wilbur You, CEO and Founder of Youtech. “Strengthening our physical presence in key markets like Chicago allows us to even better serve our valued local clients across vital Illinois and regional industries while also attracting top-tier talent from the greater Chicago area to our growing team. Our focus remains on delivering exceptional results, and this strategic growth, including the launch of our innovative YouRank GEO service, will enable us to elevate the marketing performance of businesses right here in the Midwest and across the nation in the age of AI.”

    As one of the largest digital marketing agencies in the nation, with a significant and expanding team right here in Chicago serving a diverse portfolio of Illinois and Midwest-based clients in sectors like non-profit, environmental services, healthcare, entertainment, home improvement, hospitality, and construction, Youtech continues to set new benchmarks in the industry, generating measurable results for businesses across a wide range of sectors through its comprehensive suite of services, supporting the economic vitality of the region.

    About Youtech
    Youtech & Associates Inc. (“Youtech”) is a leading, full-service digital marketing agency providing solutions to brands of all sizes. Bootstrapped in 2012 with an investment of just $600, the agency has since become an award-winning powerhouse serving over 2,000 clients, completing over 10,000 projects, and generating over $10 billion in client sales worldwide. With a strong and expanding presence in Scottsdale, alongside offices in Chicago and Dallas, Youtech is one of the fastest-growing digital marketing firms in the country. Learn more about Youtech at https://www.youtechagency.com/.

    Company Contact
    Michael Norris
    mnorris@youtechagency.com

    Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network

  • MIL-OSI: LaunchDarkly Introduces New Release Observability, AI Configurations, and Analytics Capabilities to Help Developers Innovate Faster Without the Risk

    Source: GlobeNewswire (MIL-OSI)

    OAKLAND, Calif., May 14, 2025 (GLOBE NEWSWIRE) — LaunchDarkly today announced multiple platform innovations at its annual Galaxy user conference to help engineering and product teams deliver with both high velocity and lower risk. With the rise of AI-generated code, development teams are no longer just navigating faster development cycles, they’re facing an unprecedented surge in code volume that dramatically expands the surface area for bugs, broken experiences, and application outages.

    The latest capabilities at LaunchDarkly give teams the tools they need to innovate boldly—without exposing customers or businesses to unnecessary risk. By bringing observability, AI controls, and analytics directly into the release process, LaunchDarkly is enabling engineering and product teams to ship with confidence, respond to application issues, and continuously improve the user experience.

    “Software used to evolve quarterly. Today, it changes by the hour. And with AI systems adapting in production, often unpredictably, release management at feature level granularity has become mission-critical,” said Dan Rogers, CEO of LaunchDarkly. “Teams need the ability to ship with precision, respond in real time, and continuously optimize what’s live. That’s what LaunchDarkly delivers: a safer, smarter way to build and release software in an AI-powered world.”

    Platform Updates Introduced at Galaxy ’25:

    Guarded Releases – Observability at the Point of Release
    Guarded Releases pair progressive rollouts with real-time monitoring, automated rollback, and feature-level observability. Teams can now identify regressions instantly and correlate them directly to specific changes, preventing incidents before they impact users. With the recent integration of Highlight.io, LaunchDarkly extends observability to include telemetry data like metrics, logs and traces at the point of release.

    AI Configs – Runtime Control Plane for Model and Prompt Management
    AI Configs give teams a centralized control plane to manage prompt and model configurations for AI-powered applications. Teams can safely iterate in production, monitor key metrics like cost and latency, and deploy fallback strategies when things go wrong without any code changes. This reduces risk while accelerating the development of AI features.

    Warehouse-Native Experimentation & Product Analytics
    LaunchDarkly now gives teams real-time insights into user behavior and feature engagement, powered directly by their data warehouse. With warehouse-native experimentation and product analytics, teams can quickly understand what’s working, what’s not, and how every feature impacts business outcomes. The recent integration of Houseware strengthens these capabilities by making it easier to run experiments, analyze results, and iterate faster, all within the existing data ecosystem.

    “Generative AI is fundamentally changing the relationship between the code we build, the code we deploy, and the code we maintain in production. Experimentation, understanding user behaviour, is now a necessity, not a luxury,” said James Governor, RedMonk co-founder. “LaunchDarkly is building observability into its core offerings, deepening its focus on analytics, and doubling down on release management to create an integrated platform for progressive delivery in the AI era.”

    Availability
    Guarded Releases, AI Configs, and Warehouse-Native Experimentation & Product Analytics are generally available today. Advanced observability features within Guarded Releases, including error monitoring, session replay, and telemetry integrations, are available in early access.

    To learn more about these new capabilities, click here.

    About LaunchDarkly:

    LaunchDarkly is a comprehensive feature management platform that equips software teams to proactively reduce the risk of shipping bad software and AI applications while accelerating their release velocity. By progressively rolling out features, monitoring critical metrics in real-time, instantly rolling back flawed code, easily conducting targeted experiments, and quickly iterating on AI prompts and models, development teams can ship innovation consistently and confidently. Serving over 5,500 of the most innovative enterprises, including a quarter of the Fortune 500, LaunchDarkly is trusted around the globe to deliver exceptional customer experiences and maximize business outcomes.

    Media Contact:
    Spencer Anopol
    Head of PR
    sanopol@launchdarkly.com

    The MIL Network

  • MIL-OSI USA: Trahan Rips GOP Giveaway to Big Tech Billionaires in Reconciliation Package

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    WASHINGTON, DC – During today’s House Energy and Commerce Committee markup on the Republican reconciliation legislation, Congresswoman Lori Trahan (MA-03) railed against a massive giveaway to Big Tech companies that would harm consumers and kids online. The provision buried in the bill would prohibit state-level protections on AI, allowing tech companies to deploy this emerging technology without restriction.
    “A ban on state regulations of AI for ten years shows where Republicans’ loyalty is: to Big Tech and the wealthy. Dismantling states’ regulations on technology amounts to a financial windfall of epic proportions, consistent with tax cuts for the rich that the Ways & Means Republicans marked up today,” Congresswoman Trahan said. “This provision absolves companies of any responsibility to protect consumers from the harms of AI. It is also drafted so broadly as to implicate states’ privacy and online safety laws, directly harming our kids.”
    CLICK HERE or the image below to view Trahan’s remarks during the Committee’s consideration of reconciliation legislation. A transcript is embedded below.

    The House Energy and Commerce Committee is currently marking up House Republicans’ reconciliation package that, according to the Congressional Budget Office, would cut $715 billion from Medicaid and eliminate health coverage for at least 13.7 million Americans. Included in that bill is a provision that would ban states from creating or implementing laws to limit potential harms of AI, effectively allowing Big Tech companies to deploy a rapidly changing technology without any accountability for its negative impacts.
    During debate over the legislation, Trahan spoke in support of an amendment filed by House Energy and Commerce Committee Ranking Member Frank Pallone, Jr. (NJ-06) to strike the 10-year moratorium on state AI regulation.
    “This handout for big tech and ultra-wealthy tech barons in the same reconciliation bill that guts healthcare for millions is what people hate about Washington. It’s lop-sided and it’s insulting,” Congresswoman Trahan continued. “If Republicans had chosen to start this hearing with the faces and stories of who they are advocating for, you wouldn’t see everyday Americans like us Democrats held up. We’d be looking at posters of Elon Musk, Mark Zuckerberg, and Jeff Bezos.”
    Following debate on the amendment, every House Republican on the committee voted No, preserving the provision in the legislation.
    ———————————————

    Congresswoman Lori Trahan
    Remarks As Delivered
    House Energy and Commerce Committee Markup – AI Moratorium Amendment
    May 14, 2025
    I move to strike the last word.
    Very soon, this Committee will be debating the biggest cuts to Medicaid in our nation’s history. Cuts that will strip health insurance from over 13 million Americans all to pay for tax cuts that disproportionately benefit the wealthiest in our country.
    Republicans will say that they aren’t cutting Medicaid – that they are simply implementing quote “sensible” work requirements. But please stay skeptical.
    Republicans are implementing cumbersome requirements because added paperwork will lead to less compliance and ultimately, less people enrolled, conveniently giving them enough space to fill the pot for their super-rich friends. A group of friends that, we should note, is headlined by the same big tech CEOs who stood behind President Trump at his inauguration. A group of friends who will say they want a federal privacy policy, a national AI framework while spending millions of dollars to make sure those bills never see the House Floor.
    A ban on state regulations of AI for ten years shows where Republicans’ loyalty is: to Big Tech and the wealthy. Dismantling states’ regulations on technology amounts to a financial windfall of epic proportions, consistent with tax cuts for the rich that the Ways & Means Republicans marked up today.
    This provision absolves companies of any responsibility to protect consumers from the harms of AI. It is also drafted so broadly as to implicate states’ privacy and online safety laws, directly harming our kids. Simply put, this provision, this single paragraph snuck into a massive budget bill, would undermine digital rights duly provided to millions of Americans by their state legislatures. 
    States have taken the lead in regulating technology while Congress has stalled out amidst a barrage of endless lobbying. If privacy and kids’ online safety are any indication, this Congress will not pass meaningful, comprehensive regulation of AI.
    And I ask my colleagues: what gives you so much optimism that Congress can pass meaningful protections for AI, privacy, or online safety? You claim that states have created a patchwork of regulations – why do you think state lawmakers have done that? You think they want to be legislating on difficult questions of technology policy?
    No. No, state lawmakers have stepped up because their federal counterparts – we – have consistently failed to act. Americans are fed up, and instead they’re asking state legislatures to protect them and their kids online.
    Make no mistake: this provision is a product of big tech lobbying. Companies including Meta and Google have long asked for it, and trade associations for big tech rejoiced when Republicans included it in this bill. Because what this provision represents is the biggest gift to the tech industry in its history.
    Put in context, however, this ban on tech regulation is not just bad policy, it’s morally bankrupt. We can work together on modernizing our systems, leveraging our data and our analytics. But Mr. Chairman, think about it: Republicans are effectively eliminating requirements on technology companies to make their products safe and trustworthy while, at the same time, adding requirements for Americans to receive lifesaving healthcare. 
    Under their bill, Americans will have to jump through hoops and complete mounds of paperwork to prove that they are working. Technology companies, on the other hand, won’t have to show their work at all. This handout for big tech and ultra-wealthy tech barons in the same reconciliation bill that guts healthcare for millions is what people hate about Washington. It’s lop-sided and it’s insulting.
    If Republicans had chosen to start this hearing with the faces and stories of who they are advocating for, you wouldn’t see everyday Americans like us Democrats held up. We’d be looking at posters of Elon Musk, Mark Zuckerberg, and Jeff Bezos.
    Requirements, compliance, and paperwork for busy, working class Americans, but not for billionaire big tech donors. That’s the Republican way, according to this legislation.
    But I’d love to be proven wrong. So vote yes on the amendment. I yield back.

    ###

    MIL OSI USA News

  • MIL-OSI Economics: Smarter Wearables: Gemini Is Coming to Galaxy Watch and Buds

    Source: Samsung

    Your Galaxy wearables are about to get even smarter, starting this winter. The Gemini app is set to debut on the Galaxy Watch6 series and later models, making its first integration into the Galaxy wearable lineup. Moreover, activating Gemini will be smoother than ever when paired with the Galaxy Buds3 series. This update will extend AI functionalities—previously exclusive to smartphones—across the entire Galaxy ecosystem, creating a more cohesive and intelligent user experience.
     
    Galaxy Watch: Your Routine, Made Effortless
    With Gemini on your Galaxy Watch, your daily routine is a breeze. If you’re working out and remember you need to send yesterday’s meeting notes, simply ask Gemini to find the relevant email using natural voice commands such as “Where’s the latest email about yesterday’s board meeting?” Then tell Gemini to send a summary of the email in a text message to your team. When you’re carrying heavy shopping bags and need to take a break, simply activate Gemini on your Galaxy Watch and ask to find a nearby café—all without breaking stride to use your phone.
     
    With Gemini, Galaxy Watch users can stay productive on the move
     
    Galaxy Buds: Seamless Device Interaction 
    When used with Galaxy Buds, the Gemini experience becomes even more seamless. By using voice or pinch and hold controls, you can activate Gemini on your Galaxy Buds and smoothly interact with your Galaxy smartphone. With Gemini, a more intelligent Galaxy experience is at your fingertips.

    MIL OSI Economics

  • MIL-OSI Europe: Minister Niamh Smyth’s Call to Action on New Charter for Digital Inclusion

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    Minister of State for Trade Promotion, Artificial Intelligence and Digital Transformation, Niamh Smyth, today announced a major step forward in Ireland’s journey toward a more inclusive digital society with a call to action on the forthcoming Charter for Digital Inclusion.

    The Charter is a key deliverable under “Digital for Good: Ireland’s Digital Inclusion Roadmap”, published in August 2023, which forms part of the Government’s National Digital Strategy. It aims to ensure that no one is left behind as digital technologies become increasingly central to how we live, work, and connect.

    “Digital technology is transforming every aspect of our lives—but not everyone has equal access to its benefits,” said Minister 

    “This Charter is a call to action for businesses and organisations across Ireland to embed digital inclusion into their everyday operations. By signing the Charter, organisations commit to impactful actions to ensure that digital opportunities are accessible to all.”

    The Charter will outline a set of core commitments focused on accessibility, equity, affordability, and the development of digital skills. It will serve as a framework for collaboration between the public sector, large enterprises, SMEs, community organisations and citizens.

    Minister Smyth emphasised the importance of partnership, particularly the role of larger businesses in supporting SMEs to adopt and benefit from digital technologies:

    “By working together—big and small businesses, public bodies and communities—we can create a supportive ecosystem that benefits everyone. When large companies help SMEs go digital, the entire economy gains.”

    The Minister highlighted successful examples already underway, including:

    • Google’s 500 AI scholarships for local communities in 2024, aimed at boosting digital and AI skills.
    • Enterprise Nation and Vodafone Ireland’s ‘Tech Hub’ initiative, which helps Irish SMEs understand and adopt AI tools.

    Minister Smyth added:

    “These are the kinds of impactful actions we want to encourage through the Charter.” 

    To support the initiative, the Department will launch a dedicated webpage outlining the Charter’s principles and showcasing real-world examples of digital inclusion in action. This platform will serve as a hub for inspiration, collaboration, and progress tracking.

    “This isn’t just a government initiative—today is a call to action. I invite businesses, public bodies, and community leaders to sign the Charter and join us in building a more digitally inclusive Ireland.”

    Notes for Editors

    What is a Charter for Digital Inclusion:

    Digital for Good: Ireland’s Digital Inclusion Roadmap was published in August 2023 and reflects the commitment in Harnessing Digital to ensure the Government better serves people who are not able to engage online and promotes the United Nations principle of “Leave No One Behind”.

    A Charter for Digital Inclusion aims to support public and private organisations to join efforts in ensuring equitable access to the use of digital technologies, services, and associated opportunities for everyone. The Charter is a set of commitments to which business and other organisations can sign up to maximise their efforts in contributing to bridging the digital gap by promoting basic digital skills, building awareness and helping people get online.

    In line with Ireland’s Digital Inclusion Roadmap which identifies access, affordability and ability as key determinants for digital inclusion, digital exclusion encompasses not only the lack of access to technologies and services but also the absence of necessary digital skills and literacy to fully benefit from them. This digital gap can hinder individuals and organisations from fully participating in the digital economy and society.

    Addressing it involves strong commitments in the following areas:

    • Improving Access: Ensuring that everyone has access to affordable and reliable internet and digital equipment. 
    • Enhancing Digital Literacy: Providing education and training to develop essential digital skills.
    • Policy and Advocacy: Encouraging policies that promote digital inclusion.

     We will promote joint action in tackling these areas to work towards a more inclusive digital future where everyone has the opportunity to succeed. The Department of Enterprise, Trade and Employment will invite public bodies, businesses, and community organisations to endorse this Charter, adopt its principles, and join in building a more inclusive digital future for all.

    Charter for Digital Inclusion Principles:

    Our commitments to digital inclusion are guided by the following core principles: 

    • Equity: Ensuring no one is left behind in the digital age. 
    • Accessibility: Designing digital services that are usable by all, including people with disabilities or limited digital skills. 
    • Affordability: Supporting initiatives that make devices and internet access affordable for underserved populations. 
    • Digital Skills for Life: Promoting lifelong learning and digital literacy at all levels. 
    • Trust and Safety: Upholding the highest standards in cybersecurity, privacy, and ethical data use. 
    • Innovation through Collaboration: Encouraging partnership across sectors to drive local and national solutions. 
    • Evidence-Led Action: Using data and research to guide, measure, and improve our efforts.

    Commitments for Digital Inclusion:

    Businesses and organisations can choose the commitments that best align with their goals. 

    The Charter asks businesses and organisations to take action by selecting from the list of commitments below.  

    1. We will integrate the digital inclusion principles into our everyday operations and recognise the value of digital tools in supporting wellbeing, access to services, and economic empowerment.
    2. We commit to providing all staff with the opportunity to develop essential digital skills and actively encourage participation in this learning.
    3. We commit to making our website easy to use, accessible to all, and designed to support everyone—regardless of ability or experience—in getting online, accessing services, building digital confidence, and embracing digital tools.
    4. We will support digital inclusion initiatives, embracing the United Nations principle of “Leave No One Behind”.
    5. We will seek to build local and national partnerships with other organisations, sharing ideas and coordinating efforts to achieve a greater impact collectively.  
    6. We will support sustainability by encouraging the donation of digital equipment to organisations/communities in need. 

    ENDS

    MIL OSI Europe News

  • MIL-OSI USA: NIH researchers discover tissue biomarker that may indicate higher risk of aggressive breast cancer development and death

    Source: US Department of Health and Human Services – 2

    Media Advisory
    Wednesday, May 14, 2025

    What
    Researchers at the National Institutes of Health (NIH) have identified a series of changes in the architecture and cell composition of connective tissues of the breast, known as stromal tissue, that is associated with an increased risk of developing aggressive breast cancer among women with benign breast disease, and poorer rates of survival among women with invasive breast cancer. This process, which they call stromal disruption, could potentially be used as a biomarker to identify women with benign breast disease who are at high risk of developing aggressive breast cancers, as well as those with breast cancer who may be at increased risk of recurrence or death.
    Such insights could help inform the development of cancer prevention and treatment strategies that target the stromal microenvironment. In addition, stromal disruption is inexpensive to assess and could be widely adopted, particularly in low-resource settings where molecular analysis is impractical or very expensive.
    In the study, the researchers used machine learning to detect subtle changes in the stroma of 4,023 donated samples of healthy breast tissue, 974 biopsies of tissue with benign breast disease, and 4,223 biopsies of tissue with invasive breast cancer.  

    In women who donated healthy breast tissue, the same risk factors associated with aggressive breast cancer— including younger age, having two or more children, being self-reported as Black, obesity, and family history—were also associated with increased stromal disruption, suggesting that those risk factors may act via a common stromal tissue pathway.
    In women with benign breast disease, having substantial stromal disruption on biopsy was associated with a higher risk of developing aggressive breast cancer and more rapid onset of breast cancer than having minimal or no stromal disruption.
    In women with invasive breast cancer, increased stromal disruption was associated with more aggressive disease phenotypes and poorer survival outcomes, particularly for women with estrogen receptor-positive breast cancer, the most common subtype.

    The researchers noted that factors such as chronic inflammation and wound healing play a role in stromal disruption. They emphasized the need for additional studies to determine whether strategies to prevent these tissue changes from occurring, such as lifestyle changes and anti-inflammatory medications, might be beneficial to reduce aggressive breast cancer risk, particularly among high-risk women.
    Who
    Mustapha Abubakar, M.D., Ph.D., Division of Cancer Epidemiology and Genetics, National Cancer Institute
    Reference
    “Unraveling the role of stromal disruption in aggressive breast cancer etiology and outcomes” appears May 14, 2025, in the Journal of the National Cancer Institute.
    About the National Cancer Institute (NCI): NCI leads the National Cancer Program and NIH’s efforts to dramatically reduce the prevalence of cancer and improve the lives of people with cancer. NCI supports a wide range of cancer research and training extramurally through grants and contracts. NCI’s intramural research program conducts innovative, transdisciplinary basic, translational, clinical, and epidemiological research on the causes of cancer, avenues for prevention, risk prediction, early detection, and treatment, including research at the NIH Clinical Center—the world’s largest research hospital. Learn more about the intramural research done in NCI’s Division of Cancer Epidemiology and Genetics. For more information about cancer, please visit the NCI website at cancer.gov or call NCI’s contact center at 1-800-4-CANCER (1-800-422-6237).
    About the National Institutes of Health (NIH): NIH, the nation’s medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit www.nih.gov.
    NIH…Turning Discovery Into Health®
    ###

    MIL OSI USA News

  • MIL-OSI USA: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    US Senate News:

    Source: The White House
    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   
    The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    The following represent just a few of the many groundbreaking deals secured in Qatar:
    Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
    McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
    Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
    Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  

    Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
    The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
    Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
    General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
    The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.

    These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.
     CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 
    Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
    In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
    Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.

    This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
    Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
    Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
    Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.

    Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   
     THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.
    Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

    Source: The White House

    MAKING AMERICAN MANUFACTURING AND INNOVATION GREAT AGAIN: Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.   

    • The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.
    • Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals. Allies like Qatar are partnering in the United States’ success. 
    • The following represent just a few of the many groundbreaking deals secured in Qatar:
      • Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This is Boeing’s largest-ever widebody order and largest-ever 787 order. This historic agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the United States during the course of production and delivery of this deal.
      • McDermott has a strong partnership with Qatar Energy in advancing critical energy infrastructure, with seven active projects worth $8.5 billion. As the sole provider of offshore components for Qatar’s major LNG expansion, McDermott’s work directly supports thousands of U.S. energy sector jobs.
      • Parsons has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation.
      • Quantinuum finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology.  
    • Today’s signings mark President Trump’s intent to accelerate Qatar’s defense investment in the U.S.-Qatar security  partnership—enhancing regional deterrence and benefitting the U.S. industrial base.
      • The defense deals secured today lock in Qatar’s procurement of state-of-the-art military equipment from two leading U.S. defense companies.
      • Raytheon, an RTX business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System (FS-LIDS) designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies.
      • General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system, signed by the U.S. and Qatari governments. This deal will strengthen the U.S.-Qatar bilateral relationship and provide the Qatari Armed Forces with the most advanced multi-mission remotely piloted aircraft in the world, powered by U.S. products made in America.
      • The United States and Qatar also signed a statement of intent to further strengthen our security partnership, outlining over $38 billion in potential investments including support for burden-sharing at Al Udeid Air Base and future defense capabilities related to air defense and maritime security.
    • These new agreements and instruments aim to drive the growth of the U.S.-Qatar bilateral commercial relationship, create thousands of well-paying jobs, and open new trade and investment opportunities for both countries over the coming decade and beyond.

     
    CATALYZING PROSPERITY THROUGH GREATER TRADE AND INVESTMENT: The United States and Qatar have a long history of trade and a strong commercial relationship, including significant long-term aviation, critical infrastructure, information technology, and consulting deals. 

    • Qatar’s strategic goals outlined in Qatar National Vision 2030 create opportunities for U.S. businesses in multiple sectors.
    • The United States had a $2 billion trade surplus with Qatar in 2024 and has had a positive trade balance with Qatar since 2003.
      • In 2024, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports.
      • Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.
    • This visit advances opportunities for U.S. companies to expand long-standing partnerships and for Qatari entities to embrace U.S. technologies, adopt best practices, and finalize new agreements for significant sales and investments.
      • Qatar has made significant investments in the United States across hotels and tourism, financial services, technology, healthcare, and energy, with plans to invest even more over the next five years. These investments strengthen the U.S. economy by supporting good-paying jobs for millions of American workers, expanding U.S. exports, and funding research and development. 
      • Qatar has the third largest proven reserves of natural gas in the world, and has invested in American energy infrastructure, directly contributing to U.S. energy security and industrial resilience.
      • Starting in 2019, QatarEnergy initiated $18 billion in investments in the U.S. energy sector with ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.
    • Qatar is our 12th largest Foreign Military Sales partner with active cases valued at more than $26 billion.
    • Qatar’s expansive investment in and trade with the United States contribute to U.S. and Qatari economic growth and prosperity, and Qatar’s choice of U.S. industry’s best-fit solutions supports the U.S. strategic goal of growing our industrial presence throughout the Gulf and the region as a whole.   

     
    THE ART OF THE DEAL: President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back “Made in America” and usher in a new Golden Age of prosperity.

    • Today’s announcement builds on yesterday’s $600 billion investment commitment secured in Saudi Arabia.
    • It also follows the announcement of an historic trade agreement with the United Kingdom and a joint agreement with China to reduce reciprocal tariffs. 
    • By securing these investments, President Trump is spurring a manufacturing renaissance, driving economic growth, and creating high-paying jobs across the nation.
    • Prior to this historic deal, President Trump had already attracted trillions in U.S.-based investments, laying the foundation for an era of unprecedented American prosperity.
    • President Trump is building on his record of success with Qatar, exemplified by his leadership in the 2019 GE Aerospace GEnx engine sale to power Qatar Airways’ then-newly acquired Boeing 787-9 aircraft—a monumental purchase in the history of both companies.
    • As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.

    MIL OSI USA News

  • MIL-OSI USA: News 05/14/2025 Blackburn, Blumenthal, Thune, and Schumer Introduce the Kids Online Safety Act

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – Today, U.S. Senators Marsha Blackburn (R-Tenn.) and Richard Blumenthal(D-Conn.) were joined by U.S. Senate Majority Leader John Thune (R-S.D.) and U.S. Senate Minority Leader Chuck Schumer (D-N.Y.) in introducing the bipartisan Kids Online Safety Act (KOSA). Last July, the Senate approved KOSA – the first major reform to the tech industry since 1998 – in an overwhelming 91-3 bipartisan vote. 

    “Big Tech platforms have shown time and time again they will always prioritize their bottom line over the safety of our children, and I’ve heard too many heartbreaking stories to count from parents who have lost a child because these companies have refused to make their platforms safer by default,” said Senator Blackburn. “We would never allow our children to be exposed to pornography, sexual exploitation, drugs, alcohol, and traffickers in the physical space, but these platforms are allowing this every single day in the virtual space. Congress must not cave to the wills and whims of Big Tech, and we must not be bullied into submission. Now is the time to stand up and protect future generations from harm by passing KOSA.”   

    “Senator Blackburn and I made a promise to parents and young people when we started fighting together for the Kids Online Safety Act – we will make this bill law. There’s undeniable awareness of the destructive harms caused by Big Tech’s exploitive, addictive algorithms, and inescapable momentum for reform,” said Senator Blumenthal. “I am grateful to Senators Thune and Schumer for their leadership and to our Senate colleagues for their overwhelming bipartisan support. KOSA is an idea whose time has come – in fact, it’s urgently overdue – and even tech companies like X and Apple are realizing that the status quo is unsustainable. Our coalition is bigger and stronger than ever before, and we are committed to seeing this measure protecting children on the internet signed into law.”

    “I have been a longtime advocate for holding Big Tech accountable for its manipulative algorithms,” said Majority Leader Thune. “Consumers deserve more transparency about how these platforms amplify and suppress content, which is why I’m proud to support the Kids Online Safety Act. Senator Blackburn has done a tremendous amount of work to deliver a bill that takes real steps to empower families and mitigate the harm social media can do to children, and I’m grateful for her leadership on the issue.”

    I am proud to support this bipartisan legislation which provides necessary guardrails to protect our kids. Too many kids have had their personal data collected and used nefariously. Too many families have lost kids after they took their own lives because of what happened to them on social media,” said Minority Leader Schumer. “I thank these brave parents and families for sharing their stories. Keeping our kids safe from online threats should not be a partisan issue, I thank my Senate colleagues for championing these bills and I look forward to swift passage.”

     BACKGROUND

    • Last month, bombshell reporting revealed Meta’s latest failure to protect minors from harm after AI-powered digital chatbots engaged in sexually explicit discussions with underaged users on its platforms. Following this report, Senators Blackburn and Blumenthal sent a letter demanding accountability. 
    • Earlier this month, an additional report revealed Instagram’s automated software systems recommended child groomers connect with minors on the app and made it easier for them to find victims, according to a 2019 internal document presented by the Federal Trade Commission (FTC). The report noted that minors made up 27% of the follow recommendations that the social media app surfaced to groomers, and about one-third of the reports flagging inappropriate comments to the company came from minors.
    • The bill text introduced today was first announced in December and is the same language approved by the Senate with several changes to further make clear that KOSA would not censor, limit, or remove any content from the internet, and it does not give the FTC or state Attorneys General the power to bring lawsuits over content or speech.
    • KOSA is strongly supported by a broad coalition of parents who have tragically lost their children or whose kids have been severely harmed by Big Tech, young people who want to regain control over their online lives, and hundreds of advocacy groups and experts who study and see the negative effects of social media firsthand in their communities.

     ENDORSEMENTS 

    This legislation has been endorsed by more than 250 national, state, and local organizations. Today, Appleannounced its endorsement of the legislation, and the bill has also garnered broad conservative support from key advocates like Elon Musk, Donald Trump Jr., Kellyanne Conway, Harmeet Dhillon, Richard Grenell, Sebastian Gorka, and more.

    “Apple is pleased to offer our support for the Kids Online Safety Act (KOSA). Everyone has a part to play in keeping kids safe online, and we believe [this] legislation will have a meaningful impact on children’s online safety,” said Timothy Powderly, Senior Director, Government Affairs, Americas, Apple.

    “I lost my 16-year-old son Mason in November of 2022 when he took his own life. This was only after he was inundated for several weeks by TikTok videos promoting suicide. There are no words to express the pain my family now lives with every single day. Big Tech will always put their profits over the safety of American children and it is my hope that this bipartisan legislation will quickly pass through the current Congress. Unlike Big Tech there is nothing more important to American families than our children and we need help to protect them from these dangerous platforms.” said Jennie Deserio, mother of Mason James Edens, forever 16. 

    “We are so grateful to Senators Blackburn and Blumenthal for reintroducing the Kids Online Safety Act as the need for this bill remains profound. . We have waited and fought long enough, yet our children continue to face severe harms in online spaces where they should feel safe. This legislation is a collective plea from parents, like me, and in remembrance of my daughter Annalee, for meaningful social media reform. Another Mother’s Day and another full year has passed without my daughter and with our children’s futures at stake. It’s past time for change. Children deserve to have their voices heard, their rights protected, and their well-being prioritized by Congress,” said Lori Schott, mother of Annalee Schott, forever 18.

    “I am so relieved today that Senators Blackburn and Blumenthal have reintroduced the Kids Online Safety Act (KOSA). Yet, it’s only a small victory – we still desperately need Congress to actually act on this popular, bipartisan bill and make it law. My daughter, Emily, died by suicide after a year of intense cyberbullying when she was only 17. Last year, we were so close to protecting other children from the same unthinkable fate when the Senate passed this bill and it was heartbreaking when it later stalled in the House. Too many parents like me have paid the ultimate price because of Big Tech’s greed and recklessness towards children’s lives. Our lawmakers must no longer allow this to continue unchecked. This must end now by passing KOSA,” said Erin Popolo, mother of Emily Michaela Murillo, forever 17.

    “I am so thankful for brave leaders like Senator Marsha Blackburn and Senator Richard Blumenthal who are willing to stand-up to Big Tech and support the Kids Online Safety Act (KOSA), a popular bipartisan bill that will provide important protections for youth online. My 17-year-old son, Alex Peiser, died by suicide after he was bullied online and sent pro-suicide memes on his private Instagram account, three days after a break-up.  If KOSA had been in effect, protections would have been in place that might have prevented his death.  Congress had a remarkable opportunity last year to make KOSA law and implement the first reforms of social media in more than 25 years. They can stand together now for children’s online safety by passing KOSA this session without delay,” said Sharon Winkler, mother of Alex Peiser, forever 17.

    “I lost my son Walker December 1, 2022, to suicide after he became  a victim of sextortion. Walker was attacked through Instagram where a man from Nigeria was able to extort him over a sexually explicit video. Today, I attended Walker’s school where we honored the  seniors. Walker’s classmates are graduating this week and he should be there. As long as tech companies have the ability to self-regulate we will continue to lose other teens just like Walker. Thank you Senator Blackburn and Blumenthal for standing up to this industry,” said Brian Montgomery, father of Walker Montgomery, forever 16

    “For years, grieving parents have shown up to tell their stories, and Congress has promised to act. The Kids Online Safety Act (KOSA) has been vetted, revised, and supported by both parties—and it would give families the tools they desperately need to protect their children. After coming so close last year, there’s no excuse for letting this moment slip away, KOSA’s reintroduction is a second chance we cannot afford to waste,” said Maurine Molak, mother of David Molak, forever 16, co-founder of David’s Legacy Foundation & ParentsSOS.

    “Thank you Senators Blackburn and Blumenthal for your leadership with the Kids Online Safety Act (KOSA). Our son, Devin Norring, died at the age of 19 to fentanyl poisoning after a drug dealer connected with him on Snapchat. Devin was just trying to manage his pain during the COVID lockdown from a cracked molar, but instead he was targeted and lost his life. No parent should ever have to endure this immense pain that we are now forced to live with every day. KOSA is a vital step toward giving families the tools they need to protect their children online while also holding tech companies accountable. Your efforts mean more than we could ever express to families like ours who are fighting every single day to make sure this doesn’t happen to anyone else,” said Bridgette & Tom Norring, parents of Devin Norring, forever 19.

    “We are so proud of and encouraged by Senator Blumenthal’s and Senator Blackburn’s reintroduction of KOSA. This legislation is timely and needed for America’s children and families. We still feel the loss of our son, Matthew E. Minor, every day. Matthew was a bright and loving child who, at age 12 was exposed to a viral online challenge sent to him by social media’s relentless algorithms. Tragically, he tried it, and accidentally asphyxiated himself. Every delay in passing this bill means putting more of our precious children’s lives at risk. We live with the overwhelmingly tragic memories of losing our child constantly and want to keep other families from experiencing the same pain . As a nation, we are as complicit as Big Tech if we do nothing to improve the safety of social media. Regulations, like those required in KOSA, should be in place to help mitigate online harms.  It’s time that Congress says yes to keeping our children safe online. Pass KOSA Now!!” said Todd & Mia Minor, Parents of Matthew E. Minor, forever 12, co-founders of the Matthew E. Minor Awareness Foundation.

    “The shattering loss of my joyful daughter Grace thirteen years ago compelled me to repeatedly speak out about social media dangers to anyone who would listen. Smartphones and social media were new then and I felt I had an alarm bell to ring. That bell is still clanging and though risk and harm to our children is now clear, rescue has failed to arrive and children are still dying. Senators Blumenthal and Blackburn bring hope with the reintroduction of Kids Online Safety Act (KOSA). Last year, Senators of all stripes sat down with parents, shared our grief, learned about the many and varied harms our children suffered, and then passed KOSA by a resounding 91 to 3 vote. It should have been smooth sailing through the U.S. House as well, but Leadership wouldn’t even meet with parents or bring this lifesaving legislation to the floor for a vote. If they fail once more, it won’t be for lack of evidence. It will be because they chose Big Tech’s money over the lives of American children again,” said Christine Pfister McComas, mother of Grace, forever 15, Grace McComas Memorial.

    “I lost my son, Erik Robinson to accidental asphyxiation 15 years ago when he was just 12-years-old because of a viral challenge that others had promised was “safe.” Back then we had no idea that algorithms targeted kids with such dangerous material. However, we now know that these platforms are only out to make money and do not care how their platforms target and affect children. It breaks my heart that thousands of other kids have also died since Erik’s death as a result of an immense menu of harms that target kids online. Legislation like the Kids Online Safety Act (KOSA) would help mitigate many of these harms and save lives. I urge Congress to say “yes” and help keep kids safe with KOSA,” said Judy Rogg, mother of Erik Robinson, forever 12, Co-founder and Director of Erik’s Cause.

    “It’s been more than four years since I lost my son, Riley, to suicide when he was only 15 years old after a sinister stranger found him on Facebook and sextorted him. One of the few ways I’ve found to cope since then is to advocate for social media reforms that will protect other children from the abuse Riley experienced. Which is why the reintroduction of the Kids Online Safety Act (KOSA) is so critical. This transformative legislation will finally hold Big Tech accountable for the algorithms and designs they use to prey on the most vulnerable among us simply because it adds to their hefty bottom line. It’s unconscionable and Congress must step in now to require they create a safer product, because we know they can. KOSA will do just that,” said Mary Rodee, mother of Riley Basford, forever 15

    “My world imploded in May 2019 when my 15-year-old son Mason died of accidental asphyxiation. The cause? The ‘blackout challenge,’ a viral social media trend. No child should die because they were innocently scrolling online and no product manufacturer, in this case Big Tech, should be allowed to peddle such harmful products. Cars have to have seat belts. Milk has to have an expiration date. Social media platforms should be required to have meaningful, effective, safety features as well. The Kids Online Safety Act (KOSA) includes those necessary guardrails by mandating a change to the algorithms that send kids such destructive content unsolicited. If Congress would finally pass this bill and make it law, it would be a complete game-changer for children and families across America.” said Joann Bogard, mother of Mason Bogard, forever 15.

    “There’s a lie going around that vigilant parents – the ones who regularly check their children’s phones, read their texts, are “friends” on their feeds – can keep their kids safe online. I learned in the absolute worst way how untrue this is. I lost my daughter Coco, just 17, after an Instagram drug dealer sold her counterfeit Percocet laced with fentanyl. We parents are no match for Big Tech and their multi-million-dollar lobbying arm working tirelessly to keep their products unregulated so they can earn billions off of our kids, no matter the harm caused along the way. The Kids Online Safety Act (KOSA), would finally put an end to this uncontrolled greed and I know it would have saved Coco’s life. It came so close to passage last year and I am so grateful to Senators Blackburn and Blumenthal for not giving up and reintroducing it again now. I can only hope this time around their Congressional colleagues will see fit to choose kids over Big Tech’s profits and make KOSA law once and for all,” said Julianna Arnold, mother of Lucienne “Coco” Konar, forever 17.

    “My daughter McKenna was an accomplished athlete and scholar, kind to her core, and deeply loyal to those she loved. She had such a promising, rich, life ahead of her. But three years ago she died by suicide after being horribly cyberbullied on social media. She was only 16. Had the Kids Online Safety Act (KOSA) been law, I am certain she would still be with us today. This bill requires that social media platforms take a safety-by-design approach, which is the precise opposite of their profits-at-any-cost approach right now. KOSA would make sure that too-often lethal harms like cyberbullying are no longer allowed to run rampant, ruining children’s and family’s lives forever. Thank you to Senators Blumenthal and Blackburn for reintroducing this life-saving bill. I urge every lawmaker in D.C. to pass KOSA without delay,” said Cheryl Brown, mother of McKenna Brown, forever 16

    “My son Bubba was just 13 years old when he died by accidental asphyxiation after trying a so-called viral ‘challenge’ he saw online. He was a brilliant student, full of promise, and he never should have been exposed to content that could cost him his life. That responsibility lies with Big Tech CEOs who have built business models that exploit our children’s attention with no regard for their well-being. Last year, the Senate overwhelmingly passed KOSA, proving that protecting kids online is not a partisan issue. But the House failed to act. That’s why I’m incredibly grateful to Senators Blumenthal and Blackburn for reviving this critical bill. KOSA is long overdue. I truly believe my son would still be here today if these safeguards had been in place. My plea to lawmakers is simple: Congress hasn’t passed a single meaningful law to protect kids online in 25 years. How many more children have to die before you finally hold Big Tech accountable?” said Annie McGrath, mother of Griffin “Bubba” McGrath, forever 13.

    “I have sat across from lawmakers on both sides of the aisle and told Becca’s story time and again. And still, there are no meaningful protections in place to prevent this from happening to another child. That is why the Kids Online Safety Act is so important. KOSA would finally require companies to design for safety instead of profit and give parents a fighting chance to protect their kids. I urge every member of Congress: do not let another year pass without action. Our children deserve better,” said Deb Schmill, mother of Becca Schmill, forever 18, Founder of the Becca Schmill Foundation

    “Selena was just 11 when she died by suicide after being exploited and overwhelmed on social media. I tried everything to protect her, but social media platforms like Snapchat were designed to pull her in and shut me out. KOSA would give parents a fighting chance. It would force companies to put safety first, and finally make them answer for the harm they’ve caused to families like mine through exposure to harmful cyberbullying. The reintroduction of KOSA represents a vital opportunity for Congress to finally implement necessary safeguards, ensuring that no other child falls victim to the same preventable dangers that took Selena from us,” said Tammy Rodriguez, mother of Selena Rodriguez, forever 11

    “My son Alexander was 14 when he died from fentanyl poisoning after a drug dealer on Snapchat sold him counterfeit oxycontin that had enough fentanyl to kill four adults. There should have been social restrictions in place to prevent his death and there should be such restrictions in place now. Congress had an opportunity to stop further online harms from happening by passing KOSA in 2024, the Senate prevailed and the House failed us and America’s children. I commend Senators Blackburn and Blumenthal for stepping up to the plate again and only hope that House Leadership will follow suit this time around and stop making profits a priority over children’s lives,” said Amy Neville, mother of Alexander Neville, forever 14

    “My son Ethan was 13 when he died as a result of accidental asphyxiation after participating in the online ‘Blackout Challenge.’ Had KOSA been in place, there is no doubt that my son would still be alive. Congress had an opportunity to save more children’s lives last year by passing KOSA, the Senate stepped up, but the House failed to do so. Now is the time for Congress to redefine the narrative and to stop allowing Big Tech to win and to stop them from killing more children. It is time for Congress to do the right thing and pass KOSA this year,” said Jeff Van Lith, father of Ethan Burke Van Lith, forever 13.

    “KOSA is the first bill that would make these companies, like iFunny and Snapchat, responsible for preventing the kinds of harm that took my son from me. Congress has a second chance to do something real. We need them to take it,” said Michelle Servi, mother of Jack Servi, forever 16.

    “The Kids Online Safety Act gives parents the tools they need—and have long pleaded for—to effectively oversee their children’s social media use. The legislation rightfully requires platforms to prioritize the well-being of young users over algorithms and design features that maximize user engagement. While some platforms have elected to implement varying degrees of safeguards, the Kids Online Safety Act creates consistency, fosters transparency, and critically, holds platforms accountable for profiting from addictive features and child exploitation,” said Annie Chestnut Tutor, Policy Analyst, Center for Technology and the Human Person, The Heritage Foundation.

    “Our children need online protection plain and simple. The amount of victimization that occurs online is staggering.  Law enforcement cannot protect our children in the current online environment, that is why KOSA is so important to our children,” said John Pizzuro, CEO of Raven.

    “Every day, catastrophic numbers of children are exploited on social media platforms that have no protective guardrails. The proliferation of adult content and bad actors make the internet a perilous place for kids. The Kids Online Safety Act would introduce basic, commonsense protection that make these platforms safer for minors. Internet protections have not been updated by Congress since 1998, long before many of these platforms existed. It’s imperative that Congress act now to protect America’s kids,” said Penny Nance, CEO and President of Concerned Women for America Legislative Action Committee.

    “I’m pleased the Senate has re-introduced the Kids Online Safety Act (KOSA). There is indisputable harm happening to children at an industrial scale—reaching literally millions of children. KOSA would begin to address those harms. Parents say this is the #1 issue, above school violence, drugs, and bullying. Free speech protections are enshrined in explicit language in the bill. I look forward to lauding the efforts of all who see this bill through,” said Jonathan Haidt, social psychologist and author of The Anxious Generation.

    “The reintroduction of KOSA is a test of whether Congress will finally stand with families instead of Big Tech. This bill has withstood years of scrutiny, has enormous bipartisan support, and is the only federal legislation that addresses the wide range of design-caused harms experienced by children every day online. Lawmakers must seize this moment and finally deliver the protections children need,” said Josh Golin, Executive Director of Fairplay.  

    “Protecting children is the most basic human decency. The technology world that has come into being over the last 20+ years has been strip-mining the minds of our next generation for profit. They have been darkening their souls. They have been playing to their fears and walling them up in their anxieties. And their vision is now to use the very isolation and instability that they have created and catalyzed to create dependence on them through AI. The Kids Online Safety Act will stop this. It will turn the page on the harms many kids have suffered and protect the next generation. It will hold the companies that have done this accountable,” said Tim Estes, Founder & CEO of AngelQ.

    “The Eating Disorders Coalition for Research, Policy & Action remains committed to the passage of KOSA. We are encouraged to see the bill being reintroduced in the Senate and look forward to working with Congressional members to protect vulnerable young people against online harms,” said Christine Peat, PhD, FAED, LP, President of the Eating Disorders Coalition for Research, Policy, & Action.

    “Street Grace is honored to support KOSA. We envision a world where no child is exploited and KOSA puts America on that path by adding transparency and accountability to the sites and platforms which are currently advertising to children with zero safeguards in place,” said Bob Rodgers, CEO of Street Grace.

    “The Kids Online Safety Act (KOSA) represents a vital and overdue step toward protecting our children from the growing threat of online exploitation. These predators are not abstract threats – they are in our homes, on our children’s phones, in their games, and across every digital platform they use daily.  We need KOSA because our current system is failing our children.  This legislation provides essential guardrails to ensure tech companies are accountable for the safety of minors and are required to design their platforms with the well-being of children in mind – not profit,” said Tammy Sneed, Director of Engage Together.

    “This bill is a critical step toward holding tech companies accountable for designing online platforms with child safety in mind. For too long, predators have exploited the internet’s blind spots to target children for grooming and trafficking. By requiring platforms to proactively mitigate these harms and provide greater transparency and control to families, this legislation puts the safety of children first. We urge lawmakers to swiftly pass this bill and send a clear message: protecting children online is not optional—it’s a responsibility,” said Linda Smith (U.S. Congress 1995-99, Washington State Senate/House 1983-94), Founder & President of Shared Hope International.

    “Parents have been left on their own to try to fend off a massive tech-induced crisis in American childhood from online platforms that are engineered to be maximally addictive. And the tech companies face zero accountability for how their products harm children, like how their algorithms help connect predators with child victims online. KOSA offers a needed solution by making social media platforms responsible for preventing and mitigating certain objective harms to minors, like sexual exploitation, in their product design and empowering authorities to hold them accountable if they don’t. It’s time to end Big Tech’s total impunity,” said Clare Morell, Fellow at the Ethics and Public Policy Center

    “In this digital age, the number of cybertips has skyrocketed from 1 million in 2012 to 36 million in 2023. Now more than ever, it is crucial to protect our children by ensuring they receive online safety training and by enacting legislation like the Kids Online Safety Act to hold tech platforms accountable and implement necessary safeguards,” said Ashlie Bryant, CEO of the 3Strands Global Foundation.

    “Count on Mothers fully endorses KOSA. After surveying mothers across the political spectrum and all U.S. regions, and conducting a nationally representative focus group, we found overwhelming support for KOSA’s protections. Mothers are demanding accountability and a clear duty of care from tech companies. Across backgrounds and beliefs, they agree: it’s time for the federal government to require social media platforms to offer minors the tools to protect their privacy, safety, and mental health from addictive and harmful product designs,” said Count on Mothers

    “The Kids Online Safety Act (KOSA) demands that the sanctity of family and the sacredness of childhood be treated as national priorities. American families cannot withstand this digital crisis without real protections and accountability for an industry that has gone unchecked for far too long. KOSA offers an indispensable shield for children, guarding them against corporate greed and reckless harm through a commonsense approach to online safety,” said Jason Frost, CEO of Wired Human.

    “KOSA supports Digitally Intentional’s mission by prioritizing protection over profit, empowering families and safeguarding children from the manipulative corporate practices of Big Tech. Passing KOSA renews our nation’s commitments to another generation and for our country’s future,” said Harrison Haynes, Founder of Digitally Intentional and Chair of End OSEAC Survivors Council.

    “We are grateful to the United States Senators that they are unflagging in their efforts to get the Kids Online Safety Act passed. This is no time for politics. America’s children are suffering from the worst mental health crisis in recorded history, and the literature is increasingly clear that the main driver is digital addiction. Social media are rife with abusive environments for children who get swept down dark rabbit holes by opaque algorithms. To make matters worse, the rise of A.I. chatbots that trick kids into friendships and romantic relationships with artificial corporate products that are perfectly attuned to their shifting moods, will only make it more critical than ever that we pass the Kids Online Safety Act. The time is now,” said Michael Toscano, Director of the Family First Technology Initiative

    “Passing KOSA is a significant step forward toward protecting kids from the harms of Big Tech.KOSA’s targeted, bipartisan approach ensures that parents have the ability to protect their kids online from those features and designs that hurt their development and mental health. This is simply a win for parents, children, and consumers all around,” said Joel Thayer, President of the Digital Progress Institute

    “When companies like Meta enable a new AI chatbot to have sexually explicit conversations with child accounts, or when TikTok provided a platform for adults to pay teens to strip on its LIVE feature, it is clear that it is past time to hold Big Tech accountable. Congress has a major role in ensuring tech platforms prioritize child safety by reintroducing and passing the Kids Online Safety Act,” said Melissa Henson, Vice President of Parents Television and Media Council.

    “We strongly support the Kids Online Safety Act as a critical step toward protecting the health, safety, and well-being of children and teens in the digital age. Online platforms play an increasingly central role in the lives of young people, it is imperative that we hold technology companies accountable for the environments they create and maintain. We commend the bipartisan leadership behind the Kids Online Safety Act and urge lawmakers to pass this legislation without delay. Protecting children online is not a partisan issue—it is a moral imperative,” said the Paving The Way Foundation.

    “Social media companies continue to abjectly fail the most basic test of any society: protecting children. Big Tech has consistently shown that it cares more about its profit margins than about child safety. The harm needs to stop. It’s past time that Congress pass the Kids Online Safety Act,” said Chris Griswold, Policy Director of American Compass

    “Online exploitation is a borderless crime that transcends jurisdictions and preys on the most vulnerable—our children. KOSA is a critical step towards safeguarding digital spaces and setting an example for other governments to combat this global threat. Protecting children online is not just a policy imperative; it is a moral obligation,” said Anne Basham, Chair of the Interparliamentary Taskforce on Human Trafficking.

    “In light of the disturbing reality that some social media services and platforms have become increasingly addictive and even toxic to kids, The Kids Online Safety Act is common sense and necessary  legislation that when enacted, will hold platforms accountable to restrict targeted advertising to children, disable addictive online platform features, provide the option to opt out of algorithmic recommendations, and enforce the highest privacy settings for accounts used by minor children. Enough Is Enough applauds the leadership of KOSA cosponsors Senator Blackburn and Senator Blumenthal for reintroducing this critical bill and the overwhelming bi-partisan support of the U.S. Senate last session. We join our allies in urging both the Senate and the House to prioritize the passage of KOSA soonest. The human cost of delay is severe. Kids are dying. Protecting the lives, innocence and dignity of children online is a non-partisan issue with wide bi-partisan support,” said Donna Rice Hughes, CEO/President, Enough Is Enough

    “These platforms fail to disclose their addictive nature or the harms associated with their use. Our children deserve transparency, safety measures, and tools, not exploitation, by default. Why is this so hard? Thank you, Senator Blackburn, for consistently standing in the gap with parents. This time, let’s get it done!” said Chris McKenna, Founder of Protect Young Eyes

    Click here for bill text.

     RELATED 

    MIL OSI USA News

  • MIL-OSI Asia-Pac: 24 pacts exchanged in Kuwait

    Source: Hong Kong Information Services

    Chief Executive John Lee continued his visit to Kuwait today by meeting representatives of the Kuwait Direct Investment Promotion Authority, exchanging views with local political and business leaders, and witnessing the reaching of multiple pacts between government departments, enterprises and organisations of Hong Kong, the Mainland and Kuwait.

    In the morning, Mr Lee met Kuwait Direct Investment Promotion Authority Director General Meshaal Jaber Al-Ahmad Al-Sabah to learn about Kuwait’s strategies and achievements in attracting business and investment.

    Noting that Kuwait was Hong Kong’s sixth-largest trading partner in the Middle East last year, Mr Lee said there is significant room for development in trade and business between the two places. He also stressed that Hong Kong will continue to serve as a bridge to assist enterprises in going global and attracting external investment, welcoming Kuwaiti enterprises to leverage the city’s financing support and professional services to explore international markets.

    Afterwards, the Chief Executive attended a business luncheon where he delivered a speech to near 300 local business leaders to promote Hong Kong’s business advantages and development opportunities. Moreover, government departments, enterprises and organisations from Hong Kong, the Mainland and Kuwait exchanged and announced 24 memoranda of understanding and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, and post-secondary education.

    Mr Lee highlighted that merchandise trade between Hong Kong and the Cooperation Council for the Arab States of the Gulf reached nearly US$20 billion last year, an increase of over 53% in the past four years, while Hong Kong’s merchandise trade with Kuwait last year amounted to US$200 million, up more than 20% from the previous year.

    Hong Kong, an international financial centre as well as the world’s largest offshore renminbi business hub, will give full play to its role as a “super connector” and “super value-adder” to deepen international exchanges and co-operation, Mr Lee pointed out, adding that he believes the ties between Hong Kong and Kuwait will continue to flourish.

    In the afternoon, Mr Lee visited Zain Group a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchanged views with company representatives on topics such as drones, artificial intelligence and smart city development. He remarked that Hong Kong is actively developing into an international innovation and technology centre, and he welcomes the company to invest and pursue co-operation opportunities in Hong Kong.

    The Chief Executive also hosted a dinner for members of the business delegation comprising representatives from Hong Kong and Mainland enterprises to thank them for their participation in the programme of the past four days, and for working together to explore co-operation opportunities for Hong Kong and the Mainland in the Middle East.

    He will return to Hong Kong tomorrow.

    MIL OSI Asia Pacific News

  • MIL-OSI: COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Combined Shareholders’ General Meeting of 14 May 2025 approved all the proposed resolutions

    Paris, 14 May 2025 – 17.45

    The Combined Shareholders’ General Meeting of COFACE SA was held on 14 May 2025 at the Company’s headquarters in Bois-Colombes, and it was chaired by Mr Bernardo Sanchez Incera, Chairman of the Board of Directors.

    All the proposed resolutions were adopted by COFACE SA’s shareholders, including the payment of a dividend of €1.40 per share for the 2024 financial year with the coupon date set at 20 May 2025, and the payment date at 22 May 2025.

    All documents related to this General Meeting are available on COFACE SA institutional website (www.coface.com) and more precisely under “Investors/General Assembly”.

    The resolution voting results are online at:

    https://www.coface.com/investors/regulated-information/documents-relating-to-the-general-assembly

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network

  • MIL-OSI: Euronext publishes Q1 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Euronext publishes Q1 2025 results

    Strong start of the year with growth of non-volume-related revenue, record FICC trading volumes and exceptional market volatility.

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 14 May 2025 – Euronext, the leading European capital market infrastructure, today publishes its results for the first quarter 2025 using the new, simplified reporting framework1.

    • Q1 2025 revenue and income was up +14.1% at €458.5 million:

    Non-volume-related revenue and income represented 57% of total revenue and income and covered 158% of underlying operating expenses, excluding D&A2:

    • Securities Services revenues grew to €83.4 million (+6.8%), driven by double-digit growth in custody and settlement revenue;
    • Capital Markets and Data Solutions revenue grew to €157.4 million (+6.6%), driven by the continued commercial expansion of Euronext Corporate and Investor Solutions and Technology Services and the strong performance of Advanced Data Solutions, supported by the acquisition of GRSS and by retail participation;
    • Net treasury income was €18.6 million (+58.8%), demonstrating the benefits of the Euronext Clearing expansion and the internalisation of net treasury income following the derivatives clearing migration in Q3 2024.

    Volume-related revenue was driven by high market volatility in Q1 2025:

    • FICC3Markets reported €90.7 million of revenue (+25.1%), driven by record performance in fixed income trading and clearing, commodities trading and clearing and FX trading;
    • Equity Markets revenue grew to €108.4 million (+18.0%), reflecting high volatility.
    • Underlying operating expenses excluding D&A were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, combined with strong costs discipline, in line with the ramp-up of growth investments set out as part of Euronext’s underlying cost guidance of €670 million for the full year 2025.
    • Adjusted EBITDA was €294.1 million (+17.0%) and adjusted EBITDA margin was 64.1% (+1.6pts).
    • Adjusted net income was €183.5 million (+11.8%) and adjusted EPS was €1.80 (+13.9%).
    • Reported net income was €164.8 million (+17.9%) and reported EPS was €1.62 (+20.0%).
    • Net debt to EBITDA4was at 1.4x at the end of March 2025, within Euronext’s target range of the “Innovate for Growth 2027” strategic plan. On 22 April 2025, Euronext had successfully redeemed the €500 million bond issued in connection with the acquisition of Euronext Dublin in April 2018.

    Key figures for the first quarter of 2025:

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var l-f-l3F5
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses excluding D&A2 (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted net income, share of the parent company shareholders 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  

    Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

    “In the first quarter of 2025, Euronext has delivered a remarkable performance. We achieved record revenue and income of €458.5 million, driven by initial successes of the strategic initiatives, growth of non-volume-related revenue and exceptional volatility across trading and clearing activities, especially in cash equity, fixed income, FX, power and commodities. Our diversified business model has allowed us to invest in growth and reach an adjusted EBITDA of €294.1 million, marking a significant +17.0% increase compared to Q1 2024. In Q1 2025, we reached record adjusted EPS (basic) of €1.80 per share. Our reported EPS (basic) grew by an impressive +20.0% compared to Q1 2024, to €1.62 per share.

    We have launched significant initiatives of our ‘Innovate for Growth 2027’ strategic plan to reinforce Euronext as a leader in the European financial markets. The upcoming consolidation of settlement for Amsterdam, Brussels and Paris equity trades in Euronext Securities represents a significant optimisation of the European post-trade landscape. With this strategic move, we foster the integration and competitiveness of European capital markets at an unprecedented speed.

    The launch late April 2025 of a European Common Prospectus6in English will pursue this ambition. This new initiative facilitates access to European capital markets and addresses the need for a competitive, integrated Savings and Investment Union. In addition, we are proud to launch a comprehensive set of measures to support the financing needs of companies that contribute to Europe’s strategic autonomy7.

    The acquisition in May 2025 of Admincontrol8, leader in the governance SaaS space, accelerates the development of Euronext Corporate Solutions in the Nordics, and reinforces Euronext’s subscription-based revenue.

    With this strong first quarter of 2025, we demonstrate our capacity to innovate ahead of the curve, leading the way to a stronger, more innovative and more competitive European capital market.”

    Q1 2025 business highlights

    • Q1 2025 revenue and income
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue and income (in €m) 458.5 401.9 +14.1% +12.9%
    Securities Services 83.4 78.1 +6.8% +4.8%
    Capital Markets and Data Solutions 157.4 147.6 +6.6% +4.5%
    Net treasury income 18.6 11.7 +58.8% +58.8%
    FICC Markets 90.7 72.5 +25.1% +25.2%
    Equity Markets 108.4 91.9 +18.0% +18.0%
    Other income 0.1 0.2 N/A N/A
    • Non-volume-related revenue
      • Securities Services
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 83.4 78.1 +6.8% +4.8%
    Custody and Settlement 75.8 67.9 +11.6% +9.4%
    Other Post Trade 7.6 10.2 -25.3% -25.3%

    Revenue from Custody and Settlement this quarter was at €75.8 million, +11.6% compared to Q1 2024. This strong performance was driven by growing Assets under Custody, dynamic settlement instructions and continued double-digit growth in services, supported by the acquisition of Acupay. At the end of the quarter, Assets under Custody amounted to €7.1 trillion, up +3.8% compared to end of Q1 2024. Over 39.3 million instructions were settled via Euronext Securities during the first quarter of 2025, up +9.3% compared to the first quarter of 2024.

    Other Post Trade revenue, which includes membership fees and other non-volume-related clearing fees, was €7.6 million in Q1 2025. The -25.3% decrease compared to Q1 2024 stems from the internalisation of the net treasury income related to Euronext derivatives flows in September 2024, which are now integrated in the net treasury income line.

    • Capital Markets and Data Solutions
      Q1 2025 Q1 2024 % var % var l-f-l
    Revenue (in €m) 157.4                147.6                  +6.6% +4.5%
    Primary Markets 46.3 45.5 +1.8% +2.1%
    Advanced Data Solutions 65.1 60.2 +8.1% +3.7%
    Corporate and Investor Solutions and Technology Services 45.9 41.8 +9.8% +8.1%

    Primary Markets revenue was €46.3 million in Q1 2025, an increase of +1.8% compared to Q1 2024. The first quarter recorded slower equity listing performance explained by a volatile environment. Euronext sustained its leading position for equity listing with 8 new listings.

    Advanced Data Solutions revenue was €65.1 million in Q1 2025, up +8.1% compared to Q1 2024. This dynamic performance reflects the contribution of GRSS, strong appetite from retail and growing monetisation of diversified datasets.

    Corporate and Investor Solutions and Technology Services revenue grew by +9.8% in Q1 2025 to €45.9 million. This strong performance reflects the continued commercial expansion of the governance SaaS offering, the increased use of colocation and microwave connectivity, and double-digit growth of investor solutions, supported by the acquisition of Substantive Research.

    Following the completion of the acquisition of Admincontrol on 13 May 2025, Admincontrol’s revenue will be integrated with Corporate and Investor Solutions and Technology Services revenue from Q2 2025.

    • Net treasury income

    Net treasury income was at €18.6 million (+58.8%). This reflect the benefit from the Euronext Clearing expansion and the internalisation of treasury income from LCH SA following the completion of the derivatives clearing migration, as well as higher cash collateral posted to the CCP due to the elevated market volatility.

    • Volume-related revenue
      • FICC Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 90.7 72.5 +25.1% +25.2%
    Fixed income trading and clearing 51.8 39.1 +32.4% +32.4%
    Commodities9 trading and clearing 29.6 26.3 +12.8% +13.9%
    FX trading 9.2 7.1 +30.4% +26.5%

    Fixed income trading and clearing revenue reached €51.8 million in Q1 2025, up +32.4% compared to Q1 2024, driven by record fixed income trading activity supported by favourable market conditions.

    Commodities trading and clearing revenue reached €29.6 million in Q1 2025, up +12.8% compared to Q1 2024, reflecting record intraday power trading volumes and dynamic agricultural commodity trading and clearing.

    FX trading revenue was up +30.4%, at €9.2 million in Q1 2025, reflecting record trading volumes, and a positively geared volume mix.

    • Equity Markets
      Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue (in €m) 108.4 91.9 +18.0% +18.0%
    Cash equity trading and clearing 94.0 76.8 +22.5% +22.5%
    Financial derivatives trading and clearing 14.4 15.1 -4.8% -4.8%

    Cash equity trading and clearing revenue was €94.0 million in Q1 2025, up +22.5% driven by exceptional market volatility. Euronext recorded average daily cash trading volumes of €13.8 billion, up +31.8% compared to Q1 2024. Revenue capture on cash trading averaged 0.50 bps for the first quarter of 2025, impacted by higher volumes, stronger intraday volatility and larger average order size. Euronext market share on cash equity trading averaged 64.1% in Q1 2025.

    Financial derivatives trading and clearing revenue was €14.4 million in Q1 2025, -4.8% compared to Q1 2024. This decrease is mostly linked to the decrease of the average clearing fees, as following the clearing migration certain clearing fees are now reported in the line Other Post Trade revenues, and as such not fully comparable with Q1 2024.

    Q1 2025 financial performance

    In €m, unless stated otherwise Q1 2025 Q1 2024 % var % var
    l-f-l
    Revenue and income 458.5 401.9 +14.1% +12.9%
    Underlying operational expenses exc. D&A (164.5) (150.7) +9.1% +7.2%
    Adjusted EBITDA 294.1 251.3 +17.0% +16.4%
    Adjusted EBITDA margin 64.1% 62.5% +1.6pts +1.9pts
    Operating expenses exc. D&A (164.3) (159.4) +3.1% +1.2%
    EBITDA 294.2 242.6 +21.3% +20.6%
    Depreciation & Amortisation (48.3) (44.0) +9.8% +10.6%
    Total Expenses (inc. D&A) (212.6) (203.4) +4.6% +2.9%
    Adjusted operating profit 272.6 232.3 +17.4% +16.8%
    Operating Profit 245.9 198.6 +23.8%  
    Net financing income / (expense) (1.5) 4.7 N/A  
    Profit before income tax 244.4 203.3 +20.2%  
    Income tax expense (67.8) (54.7) +24.0%  
    Share of non-controlling interests (11.9) (8.9) +33.6%  
    Net income, share of the parent company shareholders 164.8 139.7 +17.9%  
    Adjusted Net income, share of the parent company shareholders10 183.5 164.2 +11.8%  
    Adjusted EPS (basic, in €) 1.80 1.58 +13.9%  
    Reported EPS (basic, in €) 1.62 1.35 +20.0%  
    Adjusted EPS (diluted, in €) 1.80 1.58 +13.9%  
    Reported EPS (diluted, in €) 1.61 1.34 +20.1%  
    • Q1 2025 adjusted EBITDA

    Underlying operating expenses excluding D&A1 were at €164.5 million (+9.1%). The increase compared to Q1 2024 reflects investments in growth and the impact of acquisitions performed in 2024, partially offset by cost discipline. In addition, Q1 2024 expenses were positively impacted by one-off releases.

    Driven by the double digit growth in revenue, adjusted EBITDA for the quarter reached €294.1 million, up +17.0% compared to Q1 2024. This represents an adjusted EBITDA margin of 64.1%, up 1.6pts vs. Q1 2024. On a like-for-like basis at constant currencies, adjusted EBITDA grew by +16.4% compared to Q1 2024.

    Q1 2025 non-underlying expenses profited from a one-off release of accruals. As a consequence, reported EBITDA was at €294.2 million, up +21.3% compared to Q1 2024.

    • Q1 2025 net income, share of the parent company shareholders

    Depreciation and amortisation accounted for €48.3 million in Q1 2025, +9.8% more than Q1 2024. PPA related to acquired businesses accounted for €20.4 million.

    Adjusted operating profit was €272.6 million, up +17.4% compared to Q1 2024.

    Euronext reported a net financing expense of €1.5 million in Q1 2025, compared to €4.7 million net financing income in Q1 2024. The variation reflects short-term FX movements and decreasing interest rates.

    Income tax for Q1 2025 was €67.8 million. This translated into an effective tax rate of 27.7% for the quarter, compared to 26.9% in Q1 2024.

    Share of non-controlling interests amounted to €11.9 million, correlated with the strong performance of MTS and Nord Pool.

    As a result, the reported net income, share of the parent company shareholders, increased by +17.9% for Q1 2025 compared to Q1 2024, to €164.8 million. This represents a reported EPS of €1.62 basic and €1.61 diluted. Adjusted net income, share of the parent company shareholders, was up +11.8% to €183.5 million. Adjusted EPS (basic) was €1.80. This increase reflects higher profit and a lower number of outstanding shares over the first quarter of 2025 compared to Q1 2024.

    The weighted number of shares used over the first quarter of 2025 was 101,695,588 for the basic calculation and 102,166,786 for the diluted calculation, compared to 103,640,164 and 104,040,256 respectively over the first quarter of 2024. The difference is due to the share repurchase programme executed by Euronext.

    In Q1 2025, Euronext reported a net cash flow from operating activities of €190.6 million, compared to €184.6 million in Q1 2024, reflecting higher profit before tax and higher income tax paid in Q1 2025. Excluding the impact on working capital from Euronext Clearing and Nord Pool CCP activities, net cash flow from operating activities accounted for 88.1% of EBITDA in Q1 2025.

    Q1 2025 corporate highlights since publication of the fourth quarter 2024 results on 13 February 2025

    • Euronext consolidates settlement on its markets to improve the competitiveness of European capital markets

    On 12 March 2025, Euronext has announced that from September 2026, Euronext Amsterdam, Brussels, and Paris will designate Euronext Securities as the central securities depository (CSD) for equity trade settlements. This aligns with Euronext’s “Innovate for Growth 2027” strategic plan and aims to enhance the competitiveness of European capital markets by addressing post-trade fragmentation. Currently, equity trade settlement in Europe is fragmented across over 30 CSDs. This initiative allows clients to consolidate settlement and custody activities across multiple markets into a single CSD, streamlining operations and enhancing liquidity. It also aids them adapting to regulatory changes, such as the move to T+1 settlement in October 2027. Additionally, Euronext has moved its own shares to Euronext Securities, showcasing the benefits of this consolidation for equity issuers.

    • Dividend payment schedule for 2025

    The Managing Board, upon the approval of the Supervisory Board, has decided to propose for approval at the Annual General Meeting the payment of a dividend of €2.90 per ordinary share (based on the total number of eligible shares). The dividend would be distributed evenly (pro rata the number of shares held) to holders of ordinary shares on the dividend record date set on 27 May 2025 (ex-dividend date is set on 26 May 2025 and payment date is set on 28 May 2025). This dividend represents a pay-out ratio of 50% of the reported net income, in line with Euronext’s current dividend policy.

    Corporate highlights since 1 April 2025

    • Euronext completes the acquisition of Admincontrol

    On 13 May 2025, Euronext announced the completion of the acquisition of 100% of the shares of Admincontrol for an enterprise value of NOK 4,650 million. This transaction complies with Euronext’s capital allocation policy, with a ROCE expected to exceed the WACC within three to five years post-closing11. Admincontrol will be part of Euronext Corporate Solutions, strengthening the development of the franchise in the Nordics and the UK. This acquisition supports Euronext’s strategy to expand its software-as-a-service (SaaS) offering and increases Euronext’s share of subscription-based revenue. Admincontrol has experienced double-digit growth over the past five years, with NOK 452 million in revenue and NOK 200 million in EBITDA in 202412. From the second quarter of 2025, Admincontrol’s revenue will be integrated into Euronext’s revenue line Corporate and Investor Solutions and Technology Services.

    • Launch of European Common Prospectus to accelerate capital market integration and boost IPO activity across the EU

    On 25 April 2025, Euronext has launched the European Common Prospectus, a standardised template for equity issuances, with the aim to integrate European capital markets more deeply. This initiative seeks to reduce regulatory fragmentation, enhance transparency, and promote cross-border investment. The prospectus, developed since November 2024, aligns with existing EU regulations and simplifies the listing process by reducing the required sections from 21 to 11. It uses English as the preferred language, facilitating cross-border access to capital. This new format benefits issuers by streamlining the listing process, and investors by providing consistency and comparability across EU jurisdictions. The full implementation of the Listing Act is expected by June 2026; but this prospectus addresses the immediate need to boost IPO activity in Europe in the meantime.

    • Euronext strengthens its support for European strategic autonomy

    On 6 May 2025, Euronext announced the implementation of a full set of initiatives to support investments in European strategic autonomy. This includes the creation of a new series of thematic indices covering companies that contribute to Europe’s strategic autonomy, tailored solutions to enhance equity financing of European aerospace and defence companies and facilitated issuance of European defence bonds13.

    • Euronext volumes for April 2025

    In April 2025, the average daily transaction value on the Euronext cash order book stood at €16.0 billion, up +44.1% compared to the same period last year. The overall average daily volume on Euronext derivatives stood at 712,389 lots, up +6.4% compared to April 2024, and the open interest was 25,388,147 contracts at the end of April 2025, up +6.4% compared to April 2024. The average daily volume on Euronext FX’s spot foreign exchange market stood at $38.2 billion, up +33.1% compared to the same period last year. Average daily day-ahead power traded was 2.7TWh, down -3.5% compared to the same period last year, and average daily intraday power traded was 0.5TWh, up +37.4% compared to April 2024. MTS Cash average daily volumes were up +55.4% to €55.8 billion in April 2025, MTS Repo term adjusted average daily volume stood at €723.1 billion, up +50.1% compared to the same period last year. Euronext Clearing cleared 32,206,770 shares in April 2025, +58.2% compared to April 2024. €2,752 billion of wholesale bonds were cleared in April 2025 (double counted), up +19.7% compared to the same period in 2024. 1,098,474 bond retail contracts were cleared in April 2025 (double counted), down -18.0% compared to April 2024. The number of derivatives contracts cleared was 14,247,781, up +934.7% compared to April 2024 (single counted). Euronext Securities reported 12,506,259 settlement instructions in April 2025, up +14.0% compared to the same period last year. The total Assets Under Custody reached over €7.0 trillion in April 2025, up +3.0% compared to the same period last year.

    Results Webcast

    A webcast will be held on Thursday, 15 May 2025, at 09:00 CEST (Paris time) / 08:O0 BST (London time):

    Live webcast:

    For the live webcast go to: Webcast

    The webcast will be available for replay after the call at the webcast link and on the Euronext Investor Relations webpage.
    Contacts

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

    Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

    Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    Corporate Solutions        Andrea Monzani         +39 02 72 42 62 13                          

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. The figures in this document have not been audited or reviewed by our external auditor. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Appendix

    The figures in this Appendix have not been audited or reviewed by our external auditor.

    Non-IFRS financial measures

    For comparative purposes, the company provides unaudited non-IFRS measures including:

    • Operational expenses excluding depreciation and amortisation, underlying operational expenses excluding depreciation and amortisation;
    • EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin.

    Non-IFRS measures are defined as follows:

    • Operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses;
    • Underlying operational expenses excluding depreciation and amortisation as the total of salary and employee benefits, and other operational expenses, excluding non-recurring costs;
    • Underlying revenue and income as the total of revenue and income, excluding non-recurring revenue and income;
    • Non-underlying items as items of revenue, income and expense that are material by their size and/or that are infrequent and unusual by their nature or incidence are not considered to be recurring in the normal course of business and are classified as non-underlying items on the face of the income statement within their relevant category in order to provide further understanding of the ongoing sustainable performance of the Group. These items can include:
      • integration or double run costs of significant projects, restructuring costs and costs related to acquisitions that change the perimeter of the Group;
      • one-off finance costs, gains or losses on sale of subsidiaries and impairments of investments:
      • amortisation and impairment of intangible assets which are recognised as a result of acquisitions and mostly comprising customer relationships, brand names and software that were identified during purchase price allocation (PPA);
      • tax related to non-underlying items.
    • Adjusted operating profit as the operating profit adjusted for any non-underlying revenue and income and non-underlying costs, including PPA of acquired businesses;
    • EBITDA as the operating profit before depreciation and amortisation;
    • Adjusted EBITDA as the adjusted operating profit before depreciation and amortisation adjusted for any non-underlying operational expenses excluding depreciation and amortisation;
    • EBITDA margin as EBITDA divided by total revenue and income;
    • Adjusted EBITDA margin as adjusted EBITDA, divided by total revenue and income;
    • Adjusted net income, as the net income, share of the parent company shareholders, adjusted for any non-underlying items and related tax impact.

    Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS measures and should be read only in conjunction with the consolidated financial statements.

    Consolidated income statement

      Q1 2025 Q1 2024
    in €m, unless stated otherwise Underlying Non-underlying Reported Underlying Non-underlying Reported
    Revenue and income 458.5 458.5 401.9 401.9
    Securities Services 83.4 83.4 78.1 78.1
    Custody and Settlement 75.8 75.8 67.9 67.9
    Other Post Trade 7.6 7.6 10.2 10.2
    Capital Markets and Data Solutions 157.4 157.4 147.6 147.6
    Primary Markets 46.3 46.3 45.5 45.5
    Advanced data solutions 65.1 65.1 60.2 60.2
    Corporate and Investor Solutions and Technology Services 45.9 45.9 41.8 41.8
    Net treasury income 18.6 18.6 11.7 11.7
    FICC Markets 90.7 90.7 72.5 72.5
    Fixed income trading and clearing 51.8 51.8 39.1 39.1
    Commodities income trading and clearing 29.6 29.6 26.3 26.3
    FX trading 9.2 9.2 7.1 7.1
    Equity Markets 108.4 108.4 91.9 91.9
    Cash equity trading and clearing 94.0 94.0 76.8 76.8
    Financial derivatives trading and clearing 14.4 14.4 15.1 15.1
    Other income 0.1 0.1 0.2 0.2
    Operating expenses excluding D&A (164.5) 0.1 (164.3) (150.7) (8.7) (159.4)
    Salaries and employee benefits (86.9) (0.5) (87.3) (80.7) (4.4) (85.1)
    Other operational expenses, of which (77.6) 0.6 (77.0) (70.0) (4.3) (74.3)
    System & communication (25.9) (0.1) (26.0) (24.6) (1.4) (26.0)
    Professional services (18.1) 1.0 (17.1) (11.9) (1.9) (13.8)
    Clearing expense (0.2) (0.2) (9.1) (9.1)
    Accommodation (4.6) (0.2) (4.8) (3.8) (0.3) (4.1)
    Other operational expenses (28.8) (28.8) (20.6) (0.7) (21.3)
    EBITDA 294.1 0.1 294.2 251.3 (8.7) 242.6
    EBITDA margin 64.1%   64.2% 62.5%   60.4%
    Depreciation & amortisation (21.5) (26.8) (48.3) (19.0) (25.0) (44.0)
    Total expenses (185.9) (26.7) (212.6) (169.7) (33.7) (203.4)
    Operating profit 272.6 (26.7) 245.9 232.3 (33.7) 198.6
    Net financing income / (expense) (1.5) (1.5) 4.7 (0.0) 4.7
    Profit before income tax 271.1 (26.7) 244.4 237.0 (33.7) 203.3
    Income tax expense (74.9) 7.1 (67.8) (63.4) 8.7 (54.7)
    Non-controlling interests (12.7) 0.9 (11.9) (9.3) 0.4 (8.9)
    Net income, share of the parent company shareholders 183.5 (18.8) 164.8 164.2 (24.5) 139.7
    EPS (basic, in €) 1.80   1.62 1.58   1.35
    EPS (diluted, in €) 1.80   1.61 1.58   1.34

    Adjusted EPS definition

      Q1 2025 Q1 2024
    Net income reported 164.8 139.7
    EPS reported 1.62 1.35
    Adjustments for non-underlying items included in:    
    Operating expenses exc. D&A                                       0.1 (8.7)
    Depreciation and amortisation                                   (26.8) (25.0)
    Minority interest 0.9 0.4
    Tax related to adjustments 7.1 8.7
    Adjusted net income 183.5 164.2
    Adjusted EPS 1.80 1.58

    Consolidated comprehensive income statement

      Q1 2025 Q1 2024
    Profit for the period 176.6 148.6
         
    Other comprehensive income    
    Items that may be reclassified to profit or loss:    
    – Exchange differences on translation of foreign operations 16.9 (26.3)
    – Income tax impact on exchange differences on translation of foreign operations (1.1) 2.6
    – Gains and losses on cash flow hedges 2.2
    – Change in value of debt investments at fair value through other comprehensive income 0.2
    – Income tax impact on change in value of debt investments at fair value through
    other comprehensive income
    (0.1)
         
    Items that will not be reclassified to profit or loss:    
    – Remeasurements of post-employment benefit obligations (2.5) (0.3)
    Other comprehensive income for the period, net of tax 15.5 (23.8)
    Total comprehensive income for the period 192.1 124.8
         
    Comprehensive income attributable to:    
    – Owners of the parent 179.9 116.6
    – Non-controlling interests 12.2 8.2

    Consolidated statement of financial position

    in €m 31 March 2025 31 December 2024
    Non-current assets    
    Property, plant and equipment 107.4 106.2
    Right-of-use assets 88.2 57.5
    Goodwill and other intangible assets                                6,096.5                           6,096.2
    Deferred income tax assets 29.1 30.4
    Investments in associates and joint ventures                                          0.8                                    0.8
    Financial assets at fair value through OCI                                     357.0                               357.0
    Other non-current assets 3.4 3.5
    Total non-current assets 6,682.4 6,651.6
         
    Current assets    
    Trade and other receivables 574.2 412.9
    Income tax receivable 17.5 11.4
    Derivative financial instruments 2.2
    CCP clearing business assets 341,647.6 270,288.7
    Other current financial assets 59.5 63.8
    Cash & cash equivalents 1,642.3 1,673.5
    Total current assets 343,943.3                272,450.3
         
    Total assets 350,625.7 279,101.8
         
    Equity    
    Shareholders’ equity 4,224.6 4,245.2
    Non-controlling interests 161.7 156.8
    Total Equity 4,386.3 4,402.0
         
    Non-current liabilities    
    Borrowings 2,537.5 2,537.0
    Lease liabilities 71.7 46.2
    Other non-current financial liabilities 3.5 3.5
    Deferred income tax liabilities 495.1 496.8
    Post-employment benefits 23.0 21.0
    Contract liabilities 54.2 56.4
    Other provisions 7.0 7.2
    Total Non-current liabilities 3,192.1 3,168.2
         
    Current liabilities    
    Borrowings 524.0 516.5
    Lease liabilities 21.9 15.8
    Derivative financial instruments                                         0.1
    CCP clearing business liabilities 341,695.3 270,357.9
    Income tax payable 99.3 91.1
    Trade and other payables 526.5 464.3
    Contract liabilities 176.2 80.1
    Other provisions 4.1 5.9
    Total Current liabilities 343,047.3 271,531.7
         
    Total equity and liabilities 350,625.7 279,101.8

    *The comparative figures for CCP clearing business assets and liabilities were both adjusted upwards by €69,713.3 million in the Universal Registration Document 2024 as published on 28 March 2025 due to an adjustment in the recognition of clearing business assets and clearing business liabilities, when compared to the positions in the press release dated 13 February 2025.

    Consolidated statement of cash flows

    in €m Q1 2025 Q1 2024
    Profit before tax 244.4 203.3
    Adjustments for:    
    – Depreciation and amortisation 48.3 44.0
               – Share based payments 3.9 3.9
    – Changes in working capital (37.4) (36.6)
    Cash flow from operating activities 259.2 214.7
    Income tax paid (68.6) (30.0)
    Net cash flows from operating activities 190.6 184.6
         
    Cash flow from investing activities    
    Purchase of current financial assets                                     (0.7) (21.7)
    Redemption of current financial assets                                      5.7 18.6
    Purchase of property, plant and equipment                                    (6.8) 0.1
    Purchase of intangible assets (23.0) (16.4)
    Interest received 10.3 10.4
    Proceeds from sale of property, plant, equipment and intangible assets                                         – 0.1
    Net cash flow from investing activities (14.6) (8.9)
         
    Cash flow from financing activities    
    Interest paid (0.8) (0.2)
    Payment of lease liabilities (5.5) (5.5)
    Transactions in own shares (204.5) (2.1)
    Dividends paid to non-controlling interests (0.3)
    Net cash flow from financing activities (210.8) (8.2)
         
    Total cash flow over the period (34.8) 167.6
    Cash and cash equivalents – Beginning of period 1,673.5 1,448.8
    Non-cash exchange gains/(losses) on cash and cash equivalents 3.6 (6.8)
    Cash and cash equivalents – End of period 1,642.3 1,609.6

    Volumes for the first quarter of 2025

    • Securities Services
    Euronext Securities activity Q1 2025 Q1 2024 % var
    Number of settlement instructions over the period 39,317,842 35,963,785 +9.3%
    Assets under Custody (in €bn), end of period 7,132 6,871 +3.8%
    • Capital Markets
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Listings      
    Number of Issuers on Equities      
    Euronext 1,786 1,860 -4.0%
    SMEs 1,397 1,463 -5.0%
    Number of Listed Securities      
    Funds 2,163 2,392 -10.0%
    ETFs 4,158 3,861 +8.0%
    Bonds 55,645 56,862 -2.0%
    Capital raised on primary and secondary market      
    Total Euronext, (€ million)      
    Number of new equity listings 8 10  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 2,850 8,012 -64.0%
    Money Raised – Bonds 316,716 380,183 -17.0%
    Total Money Raised 319,803 388,352 -18.0%
    of which SMEs      
    Number of new equity listings 8 9  
    Money Raised – New equity listings (including over-allotment) 237 156 +52.0%
    Money Raised – Follow-ons on equities 1,278 4,957 -74.0%
    Money Raised – Bonds 396 478 -17.0%
    Total Money Raised 1,911 5,591 -66.0%
    • FICC Markets

    Fixed income trading

      Q1 2025 Q1 2024 % var
    Transaction value (€ million, single counted)      
    MTS      
    ADV MTS Cash 56,791 34,658 +64.0%
    TAADV MTS Repo 508,929 491,789 +3.0%
    Other fixed income      
    ADV Fixed income 1,932 1,744 +11.0%

    Fixed income clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Bonds – Wholesale (nominal value in €bn – double counted) 8,160 7,392 +10.0%
    Bonds – Retail (number of contracts – double counted) 4,175,846 3,800,084 +10.0%

    Commodities markets

      Q1 2025 Q1 2024 % var
    Number of trading days              90 91 -1.1%
    Power volume (in TWh)      
    ADV Day-ahead Power Market          3.28 3.32 -1.2%
    ADV Intraday Power Market          0.43 0.29 +47.3%
      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Derivatives Volume (in lots)      
    Commodity 7,886,335 7,193,909 +9.6%
    Futures 7,570,868 6,756,390 12.1%
    Options 315,467 437,519 -27.9%
    Derivatives ADV (in lots)      
    Commodity 125,180 114,189 9.6%
    Futures 120,173 107,244 12.1%
    Options 5,007 6,945 -27.9%
      31 March 2025 31 March 2024 % var
    Open interest (in lots)      
           
    Commodity 1,043,370 923,004 +13.0%
    Futures 841,449 584,361 +44.0%
    Options 201,921 338,643 -40.4%

    FX Markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    FX volume ($m, single counted)      
    Total Euronext FX 1,856,742 1,583,472 +17.3%
    ADV Euronext FX 29,472 24,742 +19.1%
    • Equity Markets

    Cash trading

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Number of transactions (buy and sell)      
    Total Cash Market 188,721,610 152,340,714 +24.0%
    ADV Cash Market 2,995,581 2,418,107 +24.0%
    Transaction value (€ million, single counted)      
    Total Cash Market 867,015 657,688 +31.8%
    ADV Cash Market 13,762 10,439 +31.8%

    Cash clearing

    Number of transactions and lots cleared Q1 2025 Q1 2024 % var
    Shares (number of contracts – single counted) 76,849,676 58,446,470 +31.0%
    Derivatives (number of contracts – single counted) 42,112,910 5,823,089 +623.0%

    Financial derivatives markets

      Q1 2025 Q1 2024 % var
    Number of trading days 63 63
    Derivatives Volume (in lots)      
    Equity 34,226,575 32,815,066 +4.3%
    Index 11,889,419 12,477,980 -4.7%
    Futures 6,946,746 7,240,666 -4.1%
    Options 4,942,673 5,237,314 -5.6%
    Individual Equity 22,337,156 20,337,086 +9.8%
    Futures 489,757 574,911 -14.8%
    Options 21,847,399 19,762,175 +10.6%
           
    Derivatives ADV (in lots)      
    Equity 543,279 520,874 +4.3%
    Index 188,721 198,063 -4.7%
    Futures 110,266 114,931 -4.1%
    Options 78,455 83,132 -5.6%
    Individual Equity 354,558 322,811 +9.8%
    Futures 7,774 9,126 -14.8%
    Options 346,784 313,685 +10.6%
           
    Open interest (in lots) 31 March 2025 31 March 2024 % var
    Equity 23,589,360 21,831,754 +8.1%
    Index 1,052,853 878,571 +19.8%
    Futures 477,425 638,777 -25.3%
    Options 575,428 239,794 +140.0%
    Individual Equity 22,536,507 20,953,183 +7.6%
    Futures 165,404 564,408 -70.7%
    Options 22,371,103 20,388,775 +9.7%

    1www.euronext.com/en/media/13322/download
    2 Definition in Appendix – adjusted for non-underlying operating expenses excluding D&A and non-underlying revenue and income.
    3   Fixed income, commodities and currencies
    4 Last twelve months reported and adjusted EBITDA
    5 Like-for-like basis at constant currency
    6www.euronext.com/en/about/media/euronext-press-releases/euronext-launches-european-common-prospectus-accelerate-capital
    7www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic
    8www.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-admincontrol
    9 Including revenue from power trading and clearing
    10 For the total adjustments performed please refer to the Appendix of this press release
    11 The cashflow related to the transaction will be communicated as part of Q2 2025 results
    12 Unaudited figures
    13www.euronext.com/en/about/media/euronext-press-releases/euronext-strengthens-its-support-for-european-strategic

    Attachment

    The MIL Network

  • MIL-OSI Asia-Pac: Foreign Minister Lin concludes successful visit to US

    Source: Republic of China Taiwan

    Foreign Minister Lin concludes successful visit to US

    Date:2025-05-10
    Data Source:Department of North American Affairs

    May 10, 2025  
    No. 152  

    Minister of Foreign Affairs Lin Chia-lung on May 10 concluded a successful three-day visit to the US state of Texas and boarded a flight back to Taiwan.
     
    On the last day of the trip, Minister Lin attended the Texas-Taiwan AI and Innovation Summit, which was organized by the Texas Association of Business (TAB), Opportunity Austin, and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) at the Texas State Capitol. In remarks delivered at the event, Minister Lin thanked US partners for long trusting and supporting Taiwan’s technology sector. He said that the gathering highlighted the strong partnership between Taiwan and the United States in such industries as AI, semiconductors, robotics, and energy, expressing the hope that the two countries would continue to work together in technology, capital, human resources, and other domains.
     
    Minister Lin also stressed that Taiwan and the United States enjoyed a mutually beneficial partnership in the high-tech industry. He noted that, given its complete upstream and downstream supply chains and its solid intellectual property protections, Taiwan had always been a key US partner and that together they could build even more resilient democratic supply chains. Pete Sessions, a senior member of the US House of Representatives for Texas, also spoke during the event, reaffirming democratic Taiwan as the staunchest partner of the United States in AI-related cooperation. 
     
    Minister Lin and Representative Sessions also witnessed the signing of a Taiwan-Texas economic cooperation agreement between TEEMA, TAB, and Opportunity Austin designed to facilitate two-way investment between Taiwan and the United States.
     
    During his trip, Minister Lin met with prominent political and business leaders from Texas, announced the Taiwan government’s interest in a Taiwan Tower investment and construction project in downtown Houston, and delivered his address to the Texas-Taiwan AI and Innovation Summit. Furthermore, visiting the Texas House of Representatives at the invitation of its speaker and in the company of Managing Director of the American Institute in Taiwan Washington Office Ingrid Larson, Minister Lin publicly accepted a resolution that the House had adopted in support of Taiwan.
     
    Minister Lin’s visit concluded on a successful note. The Ministry of Foreign Affairs will continue to implement a roadmap introduced by President Lai Ching-te to deepen bilateral trade relations through integrated diplomacy, underlining the diverse and robust partnership between Taiwan and the United States at all levels and across all areas. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI China: Foreign Minister Lin concludes successful visit to US

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin concludes successful visit to US

    • Date:2025-05-10
    • Data Source:Department of North American Affairs

    May 10, 2025  

    No. 152  

    Minister of Foreign Affairs Lin Chia-lung on May 10 concluded a successful three-day visit to the US state of Texas and boarded a flight back to Taiwan.

     

    On the last day of the trip, Minister Lin attended the Texas-Taiwan AI and Innovation Summit, which was organized by the Texas Association of Business (TAB), Opportunity Austin, and the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) at the Texas State Capitol. In remarks delivered at the event, Minister Lin thanked US partners for long trusting and supporting Taiwan’s technology sector. He said that the gathering highlighted the strong partnership between Taiwan and the United States in such industries as AI, semiconductors, robotics, and energy, expressing the hope that the two countries would continue to work together in technology, capital, human resources, and other domains.

     

    Minister Lin also stressed that Taiwan and the United States enjoyed a mutually beneficial partnership in the high-tech industry. He noted that, given its complete upstream and downstream supply chains and its solid intellectual property protections, Taiwan had always been a key US partner and that together they could build even more resilient democratic supply chains. Pete Sessions, a senior member of the US House of Representatives for Texas, also spoke during the event, reaffirming democratic Taiwan as the staunchest partner of the United States in AI-related cooperation. 

     

    Minister Lin and Representative Sessions also witnessed the signing of a Taiwan-Texas economic cooperation agreement between TEEMA, TAB, and Opportunity Austin designed to facilitate two-way investment between Taiwan and the United States.

     

    During his trip, Minister Lin met with prominent political and business leaders from Texas, announced the Taiwan government’s interest in a Taiwan Tower investment and construction project in downtown Houston, and delivered his address to the Texas-Taiwan AI and Innovation Summit. Furthermore, visiting the Texas House of Representatives at the invitation of its speaker and in the company of Managing Director of the American Institute in Taiwan Washington Office Ingrid Larson, Minister Lin publicly accepted a resolution that the House had adopted in support of Taiwan.

     

    Minister Lin’s visit concluded on a successful note. The Ministry of Foreign Affairs will continue to implement a roadmap introduced by President Lai Ching-te to deepen bilateral trade relations through integrated diplomacy, underlining the diverse and robust partnership between Taiwan and the United States at all levels and across all areas. (E)

    MIL OSI China News

  • MIL-OSI: Channel Factory Strengthens North American Leadership to Accelerate Growth and Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) — Channel Factory, the global brand suitability and contextual advertising company, today announced several strategic leadership appointments to bolster its North American operations and drive the company’s next phase of growth, appointing Kevin Gentzel as President, Americas. Gentzel brings over two decades of experience leading revenue and transformation strategies at some of the world’s most recognized media and technology companies.

    This follows Channel Factory’s recent investment from Truelink Capital, which was specifically designed to help Channel Factory advance its future growth, and this announcement further reinforces that plan.

    In previous roles, Gentzel served as Global Chief Commercial and Growth Officer at Newsweek, was the first Chief Revenue Officer at Gannett and held the position of Head of Advertising Sales for North America at Yahoo. He has also held the position of Chief Revenue Officer at The Washington Post. During his time at The Washington Post as CRO, Gentzel helped lead the company through the Jeff Bezos acquisition. Gentzel was also the first CRO at Forbes Media, and under his leadership, the company developed the Forbes CMO Summit and Practice and launched “AdVoice” (now BrandVoice), an industry-leading version of branded content.

    Gentzel is a sought after voice at top industry conferences and has spoken at events to include Business Insider’s IGNITION, Financial Times’ Digital Media Summit in London, Forbes CMO Summit, and Digiday’s Publishing Summit.

    “As Channel Factory continues to scale and evolve, bringing on exceptional leaders is critical to realizing our vision. Kevin’s ability to drive innovation and business growth at the highest levels of media and technology makes him an invaluable addition to our executive team,” said Tony Chen Founder and CEO of Channel Factory.

    “This leadership investment underscores Channel Factory’s commitment to evolving its executive team to meet the growing needs of the digital media industry and support its ambitious expansion plans,” continued Chen.

    About Channel Factory
    Channel Factory is a global technology and data company that optimizes business performance and enhances brand reputation through ethical and effective contextual targeting. Utilizing proprietary AI and brand suitability technologically , Channel Factory ensures ads are placed on brand-safe, contextually relevant content across YouTube, CTV platforms, and social media, including Meta and TikTok. Through its conscious media planning, Channel Factory is committed to promoting sustainability, diversity, and positive content, helping brands achieve their goals while fostering a healthier digital ecosystem.

    Channel Factory has a presence in 31 countries across the Americas, Europe, the Middle East, Asia, and ANZ, providing advertisers with IAB standard category lists and customized content options in 49+ languages. For more information about Channel Factory, please visit http://www.channelfactory.com.

    Media Contact:
    Andrew Krepow
    andrew@broadsheetcomms.com

    The MIL Network

  • MIL-OSI: ESFI Spreads Awareness of Overhead Power Line Safety With “Always Look Up” Campaign

    Source: GlobeNewswire (MIL-OSI)

    ARLINGTON, Va., May 14, 2025 (GLOBE NEWSWIRE) — Data compiled and analyzed by the Electrical Safety Foundation International (ESFI) shows that the most significant category of workplace electrical fatalities is non-electrical workers coming into contact with overhead power lines. Many of these accidents involve workers with little or no electrical safety training. Contact with overhead power lines is also one of the leading causes of electrical fatalities outside of the workplace across the United States.

    In fact, overhead power line contact accounts for 48% of all workplace electrical fatalities, 57% of electrical fatalities in non-electrical occupations, and 30% of all electrical fatalities that occur in the United States. The Centers for Disease Control (CDC) reports that between 2018 and 2023, there were 538 total fatalities caused by overhead power lines in the U.S. A large number of these incidents can be avoided with heightened awareness of outside surroundings. “Overhead power line contacts are unique because in many cases the fatality occurred when the power line was clearly visible,” said Daniel Majano, ESFI’s Program Director.

    In response, ESFI launched an update to its “Always Look Up” campaign in May to spread awareness to key groups. This year, as part of its National Electrical Safety Month efforts, ESFI is releasing several new materials, including a new infographic, to remind the public to be aware of overhead power lines in their surroundings.

    Some of the key groups targeted in this campaign are homeowners, heavy truck operators, tree trimmers, and roofers. Here are some ways that individuals can find themselves in danger due to overhead power lines:

    • At home: Individuals working on their roofs or gutters or using ladders to set up decorations, such as holiday lights, can inadvertently come into contact with power lines around their home. Before starting any work around your house, be aware of overhead power lines and the electrical service entrance to your home. Stay at least 10 feet away from all power lines.
    • Heavy truck operators: Workers operating trucks with extendable truck beds can unknowingly raise their truck beds into low-hanging overhead power lines.
    • Tree trimmers: Tree trimming workers often perform their work using elevating work platforms or using trimming tools with long handles, allowing them to make contact with tree branches far above the ground. When tree branches grow out and become entangled with overhead power lines, trimmers can inadvertently contact the lines with their tools.
    • Roofers and painters: Individuals doing work on the exterior of a building can make contact with power lines while carrying or setting up ladders.

    ESFI encourages everyone to “always look up, in all ways” to avoid contact with overhead power lines. Some additional best practices include carrying ladders horizontally, avoiding touching anything in contact with power lines, and staying 35 feet away from downed power lines.

    “We believe that this is an issue where we can save a lot of lives through raising awareness and emphasizing the simple principle of ‘Always Look Up’”, said ESFI Executive Director Jennifer LeFevre, adding, “It’s great advice for anyone doing work outside.”

    The new materials for National Electrical Safety Month 2025 include the following, which are free to use and distribute:

    ABOUT ESFI

    The mission of the Electrical Safety Foundation International (ESFI) is to prevent electrically related injuries, deaths, and fires through public education and outreach by being the trusted voice on electrical safety. For free safety materials that you can share throughout your community, visit esfi.org.

    Contact:
    Evan Jones
    Electrical Safety Foundation International
    703.841.3247
    evan.jones@esfi.org 

    The MIL Network

  • MIL-OSI: PFMcrypto Introduces 1-Day Earning Plans as User Base Reaches 9.2 Million Across 192 Countries

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, May 14, 2025 (GLOBE NEWSWIRE) — PFMcrypto, the most trusted cloud mining platform in 2025, has launched new 1-day earning plans to provide users with additional flexibility in generating passive cryptocurrency income. This development follows continued growth for the platform, which now serves over 9.2 million users in 192 countries.

    Founded in 2018, PFMcrypto enables individuals to earn cryptocurrency digital assets through a low-cost structure. The platform operates without requiring users to make deposits or connect external wallets. Its features are designed to accommodate both new and experienced users seeking low-barrier access to short-term earnings.

    Users can learn more and register at https://PFMcrypto.net.

    Platform Highlights

    • $10 Bonus for New Users: Upon registration, users receive a $10 credit in digital assets with no financial commitment.
    • Flexible Plans: Income cycles of 1, 2, or 5 days are available for users to activate.
    • AI-Based Optimization: The platform uses an automated system to switch between cryptocurrencies such as BTC, ETH, and SOL based on market trends.
    • Fast Withdrawals: Earnings are processed within 1 to 5 minutes, and users incur no withdrawal or maintenance fees.
    • Security Framework: Safety measures include cold wallet storage, two-factor authentication (2FA), and blockchain-based smart contracts.
    • Compliance Protocols: PFMcrypto enforces Know Your Customer (KYC) policies in line with international regulations.

    PFMcrypto has been recognized by Global Fintech Insights as the “Most Innovative Digital Asset Platform of 2025.” It supports 11 cryptocurrencies and is accessible in 10 languages. Verified user feedback reflects a satisfaction score of 4.7 out of 5 from over 1.4 million reviews.

    According to data published by Blockchain Analytics Group, digital asset tools with simplified structures and shorter earning cycles are seeing increased adoption globally. Platforms that eliminate traditional financial barriers while maintaining user control are gaining traction among individuals looking for additional income streams.

    An independent case study noted that a user generated $2,400 in digital asset returns over 30 days using the platform’s optimization features. PFMcrypto reports that such outcomes are possible due to its automated real-time switching between supported currencies, designed to reflect prevailing market performance.

    About PFMcrypto

    PFMcrypto is a cloud-based digital asset platform focused on providing access to passive cryptocurrency income without requiring deposits, technical skills, or hardware. Operating across 192 countries, the platform emphasizes transparency, accessibility, and regulatory compliance.

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4196cd29-edcc-429b-bd7c-a7ddf7c0de1f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e3801aa5-57f0-47fb-ac58-fe1a2d4c0dba

    The MIL Network

  • MIL-OSI Banking: APEC Education Ministers Issue Joint Statement Jeju, Republic of Korea | 14 May 2025 Issued by the 7th APEC Education Ministerial Meeting APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Source: APEC – Asia Pacific Economic Cooperation

    APEC Education Ministers have issued a joint statement reaffirming the central role of education in promoting sustainable economic growth and regional prosperity amid accelerating digital transformation.

    Gathering in Jeju under the theme “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper,” ministers emphasized the importance of regional cooperation to strengthen digital learning infrastructure, enhance education quality and equip learners with the skills needed to navigate a rapidly evolving technological landscape.

    The joint statement highlights the potential of artificial intelligence and emerging technologies to improve learning outcomes through personalized education. Ministers acknowledged that AI-powered tools—such as adaptive learning platforms—can help students address knowledge gaps and build strong academic foundations. To support this shift, they stressed the need to build teachers’ digital competencies through professional development and peer learning.

    Ministers encouraged greater collaboration across APEC economies to expand access to digital resources, share best practices, and develop policies that promote educational innovation. They reaffirmed support for initiatives under the APEC Education Strategy (2016–2030), the Arequipa Goals and the La Serena Roadmap to advance educational opportunities for all.

    The joint statement also further recognized the role of Technical and Vocational Education and Training (TVET) and lifelong learning in helping learners build future-ready skills and adapt to the changing demands of the digital economy.

    Read the Joint Statement of the 7th APEC Education Ministerial Meeting “Bridging Educational Gaps and Promoting Sustainable Growth in the Era of Digital Transformation: Innovate, Connect, Prosper

    Read the Chair’s Statement on the 7th APEC Human Resources Development Ministerial Meeting APEC Korea 2025


    For more information or media inquiries, please contact:
    [email protected]

    MIL OSI Global Banks

  • MIL-OSI USA: UPDATED – BLAIR COUNTY – Shapiro Administration to Kick-Off Statewide EMS Workforce Recruitment Initiative

    Source: US State of Pennsylvania

    May 14, 2025Altoona, PA

    ADVISORY – UPDATED – BLAIR COUNTY – Shapiro Administration to Kick-Off Statewide EMS Workforce Recruitment Initiative

    Department of Health (DOH) Executive Deputy Secretary Kristen Rodack will join first responders in Altoona to kick-off a new statewide initiative to recruit residents interested in becoming EMS professionals.

    As part of National Emergency Medical Services (EMS) Week, May 18-24, Pennsylvania Regional EMS councils and agencies will be hosting career events across the state where Pennsylvanians can meet EMS professionals and learn about local career opportunities and trainings.

    The first two events will be held in Blair and Mercer counties on Sunday, May 18.

    Governor Josh Shapiro’s proposed 2025-26 budget adds $6 million more a year for the next three years to the Emergency Medical Services Operating Fund, which would be disbursed through the 13 regional EMS councils to local stations. In 2023, he secured $20.7 million to increase Medicaid reimbursement for service and mileage rates for ambulance services, promoting access to health care and ensuring that EMS agencies are properly reimbursed for their critical care.

    Recruiting and retaining EMS first responders is vital to Pennsylvania’s health care system as they provide 24-hour emergency medical services, seven days a week. In 2024 alone, over 1,200 emergency agencies responded to more than 2 million calls for service.

    WHO:
    Pennsylvania Executive Deputy Secretary of Health, Kristen Rodack
    Chief of AMED, Gary Watters
    Southern Allegheny Emergency Medical Services Regional Council Director, Jordan Anthony
    EMS student

    WHEN:
    Wednesday, May 14 at 1:30 PM

    WHERE:
    AMED Authority EMS Station
    1st Floor, Training Room
    106 Reimer Street
    Altoona, PA 16602

    MEDIA RSVP: Media interested in attending must RSVP with the name of the reporter and photojournalist to ra-dhpressoffice@pa.gov.

    MIL OSI USA News

  • MIL-OSI: Alaris Equity Partners Announces Upsizing of Previously Announced Convertible Unsecured Senior Debentures

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES.
    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW

    CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (“Alaris” or the “Trust”) (TSX: AD.UN) is pleased to announce that as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc., CIBC Capital Markets, and Desjardins Capital Markets to increase the size of its previously announced bought deal financing. Alaris will now issue 80,000 convertible unsecured senior debentures due June 30, 2030 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”) for aggregate gross proceeds of $80,000,000 (the “Offering”). The Trust has also granted the Underwriters an option to purchase up to an additional $12,000,000 aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, from time to time, up to 30 days following the closing of the Offering. Unless otherwise stated, all numbers in this press release are presented in Canadian dollars.

    In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated May 13, 2025. The Offering is expected to close on or about June 2, 2025 (the “Closing Date”), and is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the Toronto Stock Exchange. A preliminary short form prospectus will be filed with securities regulatory authorities in all provinces of Canada, other than the province of Québec.

    This news release is not an offer of securities of Alaris for sale in the United States. The Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Debentures may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    ABOUT ALARIS

    The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Partners”) primarily through structured equity. The primary goal of our structured equity investments is to deliver stable and predictable returns to our unitholders through both cash distributions and capital appreciation. This strategy is enhanced by common equity positions, which allow us to generate returns in alignment with the founders of our Partners.

    FORWARD LOOKING STATEMENTS

    This news release contains forward-looking statements, including forward-looking statements within the meaning of “safe harbor” provisions under applicable securities laws (“forward-looking statements“). Statements other than statements of historical fact contained in this news release may be forward-looking statements including, without limitation, management’s expectations, intentions and beliefs concerning: the anticipated Closing Date; the intended use of proceeds of the Offering; the anticipated terms and timing of conversion, redemption and maturity of the Debentures; expectations regarding the filing of a preliminary prospectus and the anticipated jurisdictions for the Offering. Many of these statements can be identified by words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof. There can be no assurance that the plans, intentions or expectations on which these forward-looking statements are based will occur.

    By their nature, forward-looking statements require Alaris to make assumptions and are subject to inherent risks and uncertainties. Key assumptions include, but are not limited to, assumptions that: the required regulatory approvals for the Offering will be obtained in a timely fashion; the Debentures and trust units issued upon the conversion of the Debentures will be listed for trading on the TSX; interest rates will not rise in a matter materially different from the prevailing market expectations over the next 12 to 24 months; no widespread global health crisis will impact the economy or any Partners’ operations in a material way in the next 12 months; the businesses of the majority of our Partners will continue to grow; the businesses of new Partners and those of existing Partners will perform in line with Alaris’ expectations and diligence; more private companies will require access to alternative sources of capital and that Alaris will have the ability to raise required equity and/or debt financing on acceptable terms.

    Forward-looking statements are subject to risks, uncertainties and assumptions and should not be read as guarantees or assurances of future performance. The actual results of the Trust and the Partners could materially differ from those anticipated in the forward-looking statements contained herein as a result of certain risk factors, including, but not limited to: the ability of the Trust to obtain the required regulatory approvals for the Offering; the ability of our Partners and, correspondingly, Alaris to meet performance expectations for 2025 and beyond; any change in the senior lenders’ outlook for Alaris’ business; management’s ability to assess and mitigate the impacts of any local, regional, national or international health crises like COVID-19 or its variants; the dependence of Alaris on the Partners; reliance on key personnel; general economic conditions in Canada, North America and globally; failure to complete or realize the anticipated benefit of Alaris’ financing arrangements with the Partners; a failure of the Trust or any Partners to obtain required regulatory approvals on a timely basis or at all; changes in legislation and regulations and the interpretations thereof; risks relating to the Partners and their businesses, including, without limitation, a material change in the operations of a Partner or the industries they operate in; inability to close additional Partner contributions in a timely fashion, or at all; a change in the ability of the Partners to continue to pay Alaris’ distributions; a material change in the unaudited information provided to Alaris by the Partners; a failure of a Partner (or Partners) to realize on their anticipated growth strategies; a failure to achieve the expected benefits of the third-party asset management strategy or similar new investment structures and strategies; conflicts of interest that may arise under the asset management strategy or otherwise; a failure to achieve resolutions for outstanding issues with Partners on terms materially in line with management’s expectations or at all; and a failure to realize the benefits of any concessions or relief measures provided by Alaris to any Partner or to successfully execute an exit strategy for a Partner where desired. Additional risks that may cause actual results to vary from those indicated are discussed under the heading “Risk Factors” and “Forward Looking Statements” in the Trust’s Management Discussion and Analysis for the year ended December 31, 2024, which is filed under the Trust’s profile at www.sedarplus.ca and on its website at www.alarisequitypartners.com.

    Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. Statements containing forward-looking information reflect management’s current beliefs and assumptions based on information in its possession on the date of this news release. Although management believes that the assumptions reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that such expectations will prove to be correct.

    The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date of this news release and Alaris does not undertake or assume any obligation to update or revise such statements to reflect new events or circumstances except as expressly required by applicable securities legislation.

    Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

    For further information please contact:

    ir@alarisequity.com
    P: (403) 260-1457
    Alaris Equity Partners Income Trust
    Suite 250, 333 24th Avenue S.W.
    Calgary, Alberta T2S 3E6
    www.alarisequitypartners.com

    The MIL Network

  • MIL-OSI: XenDex Prepares to Reveal Full Platform Mockup Design as $XDX Presale Nears Final Countdown

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) — XenDex, the first all-in-one decentralized exchange on the XRP Ledger, is proud to announce that its full platform is actively in development, and a first-look mockup design is set to be revealed in a few hours.

    With all core features being built into a sleek, user-friendly interface, XenDex is delivering what no other XRPL-based project has offered to date: a unified DeFi experience that combines AI-powered copy trading, non-custodial lending and borrowing, staking, cross-chain trading, and DAO governance, all within a single platform.

    Purchase $XDX At A low Price

    XenDex Platform Preview Coming Soon

    To demonstrate the depth of development underway, XenDex will release visual mockups of the upcoming platform, giving investors and community members an exclusive preview of how the platform will look, feel, and function.

    From live trading interfaces to lending dashboards, staking portals, and AI copy trading modules, this upcoming design reveal will provide a clear glimpse into the future of decentralized finance on XRP.

    Buy $XDX Now & Earn Rewards

    Why You Should Join the $XDX Presale Before It’s Too Late

    As development accelerates, the $XDX token presale is rapidly approaching sellout, and the current entry price will not last much longer.

    • Current Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Soft Cap: Reached

    Buy Now Before Presale Ends: https://xendex.net/presale

    Once sold out, the next chance to acquire $XDX will be on major centralized exchanges, at a significantly higher price.

    $XDX: The Utility Token Powering XenDex

    The $XDX token unlocks full access to all features on the XenDex platform, including:

    • Governance voting
    • Reduced trading & borrowing fees
    • Staking rewards & liquidity incentives
    • Copy trading integration
    • Collateral for lending protocols
    • Priority access to new features and airdrops

    Buy XDX Before Listing On Exchange

    XenDex Platform Key Features

    • AI-Powered Copy Trading – Mirror professional traders to maximize gains
    • Lending & Borrowing – Borrow and lend XRP and $XDX with smart contract security
    • Cross-Chain Trading – Swap XRP with tokens across BNB Chain, Solana, and more
    • Staking & Yield Farming – Earn while supporting platform liquidity
    • DAO Governance – $XDX holders vote on upgrades, proposals, and token listings

    With its clean, mobile-friendly design, XenDex is being built to onboard everyone, from DeFi beginners to institutional traders.

    Join the XenDex Movement

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aefbc255-de35-4f03-a6ec-b8786296bf8d

    The MIL Network