Category: Machine Learning

  • MIL-OSI Asia-Pac: Union Minister Dr. Mansukh Mandaviya Inaugurates the First-ever Regional Dialogue on Social Justice

    Source: Government of India (2)

    Union Minister Dr. Mansukh Mandaviya Inaugurates the First-ever Regional Dialogue on Social Justice

    74th Foundation Day of the Employees’ State Insurance Corporation (ESIC) Celebrated

    Director General, ILO, Gilbert F. Houngbo Praises India’s Efforts in Doubling Social Protection Coverage to 49%

    Posted On: 24 FEB 2025 8:05PM by PIB Delhi

    Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya inaugurated the first-ever two-day Regional Dialogue on Social Justice under the Global Coalition for Social Justice in New Delhi today. Director General, International Labour Organization (ILO), Mr. Gilbert F. Houngbo, graced the event with his presence. Union Minister of State for Labour & Employment, Ms. Shobha Karandlaje, Secretary (Labour & Employment), Ms. Sumita Dawra, along with other dignitaries were also present at this prestigious international dialogue.

    Commemorating the 74th Foundation Day of the Employees’ State Insurance Corporation (ESIC), an award ceremony to felicitate achievements across its organisations was also held.

    Launched in 2023, the Global Coalition for Social Justice calls for a collaborative approach and commitment towards promoting decent work, social protection, responsible business conduct and fair work. The Global Coalition has around 340 members of the Global Coalition including Governments, academia, private sector, financial institutions, etc.

    Addressing the gathering, Dr. Mansukh Mandaviya, emphasized India’s role as a proud member of the Asia Pacific Coordinating Group, leading the first Regional Dialogue. He expressed joy in championing the key Coalition intervention, stating, “India is privileged to spearhead the initiative on Responsible Business Practices for Sustainable and Inclusive Societies.” Union Minister commended the BMS and the CII-EFI’s shared commitment to ethical and sustainable business practices, respect for workers’ rights, and inclusive economic growth. “Under the dynamic leadership of Prime Minister Narendra Modi, India has undertaken significant steps towards economic transformation. The next five years present a unique opportunity to realize our vision of ‘Sabka Vikas’—balanced growth for all regions and communities,” he asserted.

    During the occasion, Dr. Mandaviya launched the e-Shram mobile app, a key step in strengthening social benefits delivery by offering real-time access to government welfare schemes, intelligent benefit filtering, curated job listings aligned with users’ skills and location, and multilingual support.

    Mr. Gilbert F. Houngbo, Director-General of the ILO, congratulated the Government of India for the efforts in doubling India’s social protection from 24.4% to 48.8% as reported in the World Social Protection Report (WSPR) 2024. Recognizing India’s important role in ILO’s leadership, DG ILO remarked that India’s efforts in business growth along with social protection serves as a good example to inspire change and improve social protection systems across the world. He mentioned that this remarkable achievement is an outcome of the decisive actions taken by the Central Government in expanding social protection in the past few years.

    Union Minister of State for Labour & Employment, Smt. Shobha Karandlaje, emphasized that social justice cannot be achieved through a one-size-fit-all approach. She underscored that social justice is embedded in India’s constitutional commitments. Reiterating India’s remarkable progress reported in the WSPR, she highlighted that India’s efforts in improving social protection, drove a 5% increase in the global social protection coverage. Congratulating ESIC on its 74th Foundation Day, she acknowledged its role in strengthening social security and announced the government’s plans to extend coverage to unorganized, agricultural, construction, gig, and platform workers.

    Addressing the gathering, Secretary MoLE, Smt. Sumita Dawra, praised the ILO’s Global Coalition for Social Justice for strengthening global cooperation. Highlighting India as the fastest-growing major economy with a vision of Viksit Bharat by 2047, she emphasized the country’s foundation on social justice principles, strong demographic dividend with 65% of the population under the age of 35, and a commitment to employment generation, equity, and welfare. She reiterated India’s goal of achieving 70% females engaged in economic activity by 2047, and applauded industry leaders for adopting responsible business practices, including youth skill development, education, and women’s workforce participation.

    During the occasion, India’s largest workers association, the Bharatiya Mazdoor Sangh (BMS) joined the Global Coalition for Social Justice. Through a Joint Statement on Responsible Business Conduct presented by the Bharatiya Mazdoor Sangh (BMS) and the Confederation of Indian Industry-Employers’ Federation of India (CII-EFI), these organisations showcased their commitment towards this agenda.

    Additionally, several key publications were unveiled, including Best Practices on Responsible Business Conduct in India, Position Paper on Transforming India’s Social Protection Landscape through Data Pooling, Compendium of Social Protection in India, Social Security for Informal Workers: Reflections & Learnings from ISSA-ESIC International Seminar, 2025, and Shram Samarth: A Journey to Excellence.

    An exhibition on the sidelines of the event showcased the innovative use of technology in labour welfare, social security, medical care, personnel management, industrial safety, and more. Participants demonstrated how technology is driving positive change in the ecosystem, enhancing services and outreach for workers.

    A series of insightful technical sessions brought together global experts, policymakers, and industry leaders to advance discussions on youth empowerment, social justice, and inclusion. These sessions explored strategies to bridge the education-to-employment gap, expand social protection for informal workers, and promote gender equality in the workforce. Key stakeholders from India, the Philippines, Namibia, Germany, Australia, Brazil, and international organizations such as the ILO and UN Women shared best practices, including digital skilling platforms, social security frameworks, and gender-responsive workplace policies. Emphasizing collaboration and innovation, the discussions reinforced the importance of public-private partnerships in fostering inclusive economic growth and ensuring equitable opportunities for all.

    Today’s event showcases the progress India has made on the global centre stage. India’s social justice growth journey including 3.2% unemployment rate, modernized labour codes, 48.8% social protection coverage, partnering with ILO on determining living wages, building responsible business conduct, showcasing success business case studies, leading the regional agenda in Asia Pacific, is an epitome of India’s confidence and critical positioning.

    Taking a collaborative approach to further strengthening India’s social protection coverage, making significant strides in developing the G20 international referencing classification of occupations, and advancing the decent work country programme with focus on living wages, AI and Future of Work and Global Value Chains, the two-day summit will prove to be a pathbreaking initiative and a global movement for strengthened cooperation.

    *****

    Himanshu Pathak

    (Release ID: 2105900) Visitor Counter : 28

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: WAVES Comic Chronicles

    Source: Government of India

    Posted On: 24 FEB 2025 7:21PM by PIB Delhi

    Transform Ideas into Reality with AI-Driven Storytelling

     

    Introduction

    The WAVES Comic Chronicles is set to unleash a world of creativity, offering storytellers a unique opportunity to transform their ideas into vibrant comics using AI-powered tools. As part of the inaugural World Audio Visual & Entertainment Summit (WAVES), this challenge invites participants to craft and present AI-generated comics through Dashtoon Studio, showcasing their stories on the Dashtoon mobile app. Organised by the Internet and Mobile Association of India (IAMAI) in collaboration with the Ministry of Information and Broadcasting, the competition has already garnered 774 registrations as of 15 February 2025, highlighting the growing enthusiasm for digital creativity.

    The WAVES Summit, scheduled from 1 to 4 May 2025 at the Jio World Convention Centre & Jio World Gardens in Mumbai, is a unique hub and spoke platform poised for the convergence of the entire Media and Entertainment (M&E) sector. The event is a premier global event that aims to bring the focus of the global M&E industry to India and connect it with the Indian M&E sector along with its talent. The event is structured around four foundational pillars: Broadcasting and Infotainment, AVGC-XR (Animation, Visual Effects, Gaming, Comics, and Extended Reality), Digital Media and Innovation, and Films. The WAVES Comic Chronicles is part of the Digital Media and Innovation pillar, which delves into the dynamic digital landscape, exploring emerging trends and technologies, the evolving app economy, and the growing influence of social media and influencer marketing. This pillar also addresses regulatory challenges like data privacy and security while promoting ethical content creation and responsible digital consumption.

    The Create in India Challenges, a flagship initiative of the Ministry of Information and Broadcasting, are central to the WAVES Summit’s vision of promoting creativity and innovation. With over 73,000 registrations, these challenges, including the WAVES Comic Chronicles, offer a vibrant platform for creators to bring their ideas to life, fostering artistic expression, technological experimentation, and cultural storytelling.

    Eligibility Criteria

    Guidelines

    1. There is no limit on the length of the comic, but valid submissions must contain at least 60 panels (One image or scene counts as one panel).

     

    1. The comic should follow the vertical scroll format (Webtoon format).

     

    1. The comic must be in English.

     

    1. All comics must be created using Dashtoon Studio and published on the Dashtoon mobile app. While participants can use other tools for post-production or edits, the final comic must be assembled on Dashtoon Studio and published through the Dashtoon app.

     

    1. Participants are free to download and use their comic elsewhere or share it on social media.

     

    1. Originality is crucial: Characters and stories must not be copied from any copyrighted material (No fan fiction allowed).

     

    1. Content Restrictions: Submissions must not include:

     

    • NSFW or sexually explicit content
    • Racist or casteist content
    • Political or advertising content

     

    1. Participants can create a comic on any topic of their choice.

     

    1. Previously published or released works, whether shared personally or by a third party, cannot be submitted. All entries must be new, unpublished works that have not been publicly shared.

    Timeline

    Evaluation Criteria

     

    Rewards and Recognition

     

    Additional Rewards

    1. Top 3 Winners: Opportunity to present their comics at the WAVES Summit.
    2. Top 25 Participants: Receive a goodie bag sponsored by Google Play and Dashtoon, along with a certificate of excellence and recognition by IAMAI and Dashtoon.
    3. All Participants: Get a certificate of participation upon valid entry.

    Conclusion

    The WAVES Comic Chronicles is a key component of the Create in India Challenges, a flagship initiative under the WAVES Summit. These challenges, led by the Ministry of Information and Broadcasting, aim to inspire creativity, promote innovation, and nurture talent across the Media and Entertainment (M&E) sector. As part of the Digital Media and Innovation pillar of the summit, the WAVES Comic Chronicles invites participants to harness AI-powered tools on Dashtoon Studio, offering a vibrant platform for original storytelling. This competition not only celebrates fresh talent but also aligns with the Create in India vision of positioning India as a global hub for artistic and technological excellence.

    References:

    1. https://eventsites.iamai.in/Waves/comic-chronicles/
    2. https://wavesindia.org/challenges-2025

    Click here to download PDF

    *******

    Santosh Kumar/ Sheetal Angral/ Saurabh Kalia

    (Release ID: 2105887) Visitor Counter : 54

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by FS at Kuwait National Day Reception (English only) (with photos)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at Kuwait National Day Reception today (February 24):Consul General (Consul General and Ambassador of the State of Kuwait in Hong Kong, Mr Naser S Al-Ghanim), Deputy Commissioner Pan (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region Mr Pan Yundong), Your Excellencies, Consuls General, ladies and gentlemen,     Good evening.      It is my great pleasure to be here tonight to celebrate with you the 64th National Day of the State of Kuwait.     Kuwait is the first Gulf country to establish diplomatic relations with China. You are also an active participant in our country’s Belt and Road Initiative.       These provide a solid foundation for the growing ties between our two economies. As alluded to earlier by the CG (Consul General), it is heartening to see that our bilateral trade is growing rapidly. Last year, the bilateral goods trade between Hong Kong and Kuwait rose more than 20 per cent year on year, reaching more than US$240 million. On many other fronts, our connections are deepening.       And this is part of a burgeoning relationship between Hong Kong and the Gulf countries. Over the past two years or so, the Chief Executive, myself as well as senior government officials and corporate leaders have been leading delegations to the region, seeking to strengthen connections with our partners in trade, finance, legal services, innovation and technology, cultural exchanges, and much more.       With Kuwait’s presidency of the Gulf Cooperation Council (GCC) in 2025 under the leadership of the Amir, much is anticipated on what we can do together to boost our bilateral ties, and the Hong Kong-Gulf relations at large. Indeed, the Secretary-General of the Council, His Excellency Jasem Mohamed AlBudaiwi, also a Kuwait national, came to Hong Kong last month to attend the Asian Financial Forum. I also had a fruitful meeting with His Excellency at the World Economic Forum annual meeting in Davos.        There is a strong will from both sides to strengthen co-operation on multiple fronts. In particular, Hong Kong wants to advance discussions on signing a free trade agreement with the GCC, and looks forward to the support from Kuwait and other Council members. We believe that solidifying our trade partnership will only be beneficial to our respective economies. In light of rapidly changing geopolitical dynamics marked by unilateralism and protectionism, it calls for action to build a fair, open and more resilient global economic and trade system.        Hong Kong is a perfect partner for Kuwait in realising the Kuwait Vision 2035, which covers your nation’s strategic and forward-looking plans for infrastructure development, digital transformation, green transition and global participation, and, above all, a more diversified economy.       Under the “one country, two systems” arrangement, Hong Kong is a place that enjoys unique connectivity with both the Mainland and the rest of the world. We are a converging point of global capital, investors and talent, the gateway not only to China but also the rest of Asia. Kuwaiti businesses and entrepreneurs can capitalise on the city’s full suite of fund-raising options, world-class professional services, and extensive transport and logistics network to expand and thrive.      Hong Kong is keen to share knowledge and expertise with Kuwait, and find new growth frontiers together. For example, Hong Kong’s start-ups, with innovative solutions ranging from AI (artificial intelligence) to biotech, and from greentech to fintech, are keen to support the exciting projects in your country.      Ladies and gentlemen, the promising prospects for our co-operation extend well beyond – to education, arts and culture, and much more.      Since 2023, Kuwait has been actively participating in our Asia+ Festival, giving our residents a taste of your country’s rich cultural heritage. Your Kuwaiti Culture, Art and Literature Week last year, with a host of community-based activities, was a heartening success.       And I can’t tell you how delighted I am to meet with some of Kuwait’s brightest students who are studying in Hong Kong tonight. You are the ambassadors who will build more bridges of understanding and friendship between our two economies.       With all the goodwill and friendship, I am confident that the bonds between Hong Kong and Kuwait will flourish and endure for generations to come.      For that, ladies and gentlemen, please join me now in a toast: to the people of Kuwait.     Cheers.

    MIL OSI Asia Pacific News

  • MIL-OSI: Bybit Web3 Launches Largest SpaceS Airdrop to Date: 45 Million Web3 Points With Mantle and Pengu

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 24, 2025 (GLOBE NEWSWIRE) — SpaceS, Bybit Web3‘s innovative Telegram game bot, is launching its largest airdrop campaign to date, offering 45 million Bybit Web3 Points to celebrate a community of over 3 million players. Running until March 10 and exclusively available to SpaceS Points holders, this initiative marks the first-ever distribution of Web3 Points – a utility token with tangible financial value that unlocks new engagement opportunities.

    While the familiar FarmX mechanics remain unchanged, rewards will now be delivered as Web3 Points directly to users’ wallets. Once received, every 1,000 Web3 Points earns one raffle entry, which can be redeemed via the campaign website for a chance to win exclusive prizes. This means any Telegram user can seamlessly create a Web3 Ton wallet on Bybit, and stand a chance to earn crypto tokens, such as MNT, PENGU, as well as NFTs through a raffle, simplifying their crypto journey.

    Bybit Web3 Points serve as a dynamic reward system, enabling participation in lucky draws featuring tokens such as MNT and Pengu. Previous campaigns rewarded holders with exclusive NFTs, and future rewards are already in the pipeline. This airdrop is designed to seamlessly integrate the TON ecosystem with the Bybit Web3 ecosystem – users simply need a Bybit Wallet to earn and redeem their points. 

    To further support the transition from Web2 to Web3, Bybit has introduced the Bybit TG Mini Wallet, fully integrated with SpaceS. This new tool simplifies onboarding for newcomers and reinforces Bybit’s mission to bridge the gap between traditional and decentralized platforms.

    FarmX Airdrop Success and Enhanced Opportunities
    Building on the success of earlier FarmX Airdrop campaigns – which distributed over $150,000 in rewards (including PinEye, Flock, ANIME, and USDT) to more than 80,000 participants – this latest campaign features an increased reward pool and broader participation. Participants can redeem their Web3 Points for lucky draw entries either through the dedicated landing page on Bybit Web3’s website or via the Discover section in the Bybit App. With a prize pool of 100,000 $MNT and 10,000,000 $PENGU, each draw could yield up to 100 MNT or 10,000 PENGU. 

    Bybit’s Vision for Web3 Gaming
    “Our largest airdrop yet underscores our commitment to continuous innovation and enhanced utility for our community,” said Emily Bao, Head of Spot and Web3 at Bybit. “By introducing Web3 Points – tokens with clear, tangible financial value – we are setting a new benchmark in rewards and engagement in the Web3 space.”

    With the ongoing success of SpaceS and the expansion of its airdrop campaigns, Bybit is solidifying its leadership in Web3 gaming and rewards by delivering immersive experiences and strengthening its decentralized ecosystem. 

    More information about Bybit Web3 Points is available on the website. 

    #Bybit / #TheCryptoArk / #BybitWeb3

    About Bybit Web3
    Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

    Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

    Exploring the possibilities of Web3 future with Bybit.

    For more details about Bybit Web3, users can visit Bybit Web3.

    About Bybit
    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press
    For media inquiries, please contact: media@bybit.com
    For updates, please follow: Bybit’s Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    The MIL Network

  • MIL-OSI: SOLVE Tapped to Become Exclusive Pricing Transparency Provider for Entegra

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Feb. 24, 2025 (GLOBE NEWSWIRE) — SOLVE, the premier provider of price transparency data for fixed income securities markets, has been selected by Entegra—an innovator in Trading as a Service (TaaS)—to revolutionize how Securitized Products are traded. By integrating SOLVE’s best-in-class data with Entegra’s cutting-edge proprietary models, the partnership is set to bring unprecedented clarity and efficiency to market participants.

    Entegra, a revolutionary venture led by Daniel Ezra, former head of SP Trading at Credit Suisse, leverages decades of expertise and state-of-the-art analytics to reshape trading in Securitized Products. Entegra analysts will now be armed with data from SOLVE, enabling arrangers and underwriters to offer their banking clients a market-making service throughout the life cycle of their deals at no additional cost to the banking client. Entegra and SOLVE would work in tandem to seamlessly integrate into the arranger’s banking mandate offering.

    “We’re excited to provide our data to Entegra and arm their traders with the real-time pricing information they need to stay ahead of the Securitized Products market,” said SOLVE co-founder and CEO Eugene Grinberg. “From the day we started our business, our goal has been to empower market participants to make confident, data-driven decisions by enhancing price transparency for both buy and sell side participants and working with Entegra allows us to continue serving that mission.”

    Entegra’s traders will have direct access to SOLVE’s flagship SOLVE Quotes™, a platform that leverages Natural Language Processing and Machine Learning to deliver over 20 million daily quotes across more than 1,250,000 securities. This integration ensures that Entegra’s sophisticated models are supported by the most accurate and timely data available, empowering traders with deep insights into individual securities and broader market trends.

    “At Entegra, technology meets human expertise. Our TaaS platform is built on the belief that the best trading decisions emerge from the synergy of advanced data analytics and experienced traders,” said Daniel Ezra, Entegra CEO. “With SOLVE’s unparalleled data quality, our systems and teams are better equipped to help our clients make credible and actionable markets as well as execute the right trades. When banks start competing on service, not price, everyone wins.”

    For more information about SOLVE, please visit solvefixedincome.com. To learn more about Entegra, please visit entegra-global.com.

    About SOLVE
    SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows.  With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in New York, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets. For more information, visit https://solvefixedincome.com.

    CONTACT
    Jake Katz
    OUTVOX
    jkatz@outvox.com

    The MIL Network

  • MIL-OSI: Alectra Inc. employees surpass fundraising goal, raising more than $27,000 for Coldest Night of the Year

    Source: GlobeNewswire (MIL-OSI)

    MISSISSAUGA, Ontario, Feb. 24, 2025 (GLOBE NEWSWIRE) — Alectra employees once again stepped up to support their communities, raising $27,278 for Coldest Night of the Year (CNOY), a national initiative aimed at helping people experiencing homelessness, hunger and hardship.

    More than 100 Alectra employees braved the winter temperatures, joining thousands of Canadians in walking to raise funds for local organizations that provide vital services to those in need. This year, Alectra employees joined 10 teams across Alectra’s service territory including St. Catharines, Brampton, Guelph, Hamilton, Markham, Mississauga, Richmond Hill and Vaughan.

    “Alectra employees continue to embody the spirit of community and their dedication to supporting Coldest Night of the Year annually is commendable,” said Brian Bentz, President and Chief Executive Officer, Alectra Inc. “By coming together to walk and raise funds, through our AlectraCARES Community Support Program, we are increasing awareness for individuals facing homelessness by supporting grassroots organizations in our communities.”

    Since 2018, Alectra has been supporting the Coldest Night of the Year and has donated over $55,000 through employee participation. To learn more about Alectra’s community support, visit: alectra.com/about-community-support.

    About Alectra Inc. Family of Companies

    Serving more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is now the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions.

    Twitter: https://twitter.com/alectranews
    Facebook: https://www.facebook.com/alectranews/
    Instagram: https://www.instagram.com/alectranews/?hl=en
    LinkedIn: https://www.linkedin.com/company/16178435/admin/
    Bluesky: https://bsky.app/profile/alectranews.bsky.social
    YouTube: https://www.youtube.com/alectranews

    Media Contact:

    Ashley Trgachef, Media Spokesperson
    ashley.trgachef@alectrautilities.com | Telephone: 416.402.5469 | 24/7 Media Line: 1.833.MEDIA-LN

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55268d96-eb69-45b8-87c9-a0c916174907

    The MIL Network

  • MIL-OSI: Alpha Sigma Capital Research Publishes New Report on XNET Mobile (XNET) and the Future of Decentralized Wireless (DeWi)

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, Feb. 24, 2025 (GLOBE NEWSWIRE) — Alpha Sigma Capital Research has released an in-depth report on XNET Mobile (XNET), a pioneering force in the decentralized wireless (DeWi) industry. As mobile data consumption continues to surge, traditional mobile network operators (MNOs) and mobile virtual network operators (MVNOs) face increasing challenges in scaling their infrastructure efficiently. XNET is addressing this critical industry need with an innovative blockchain-powered solution that enhances network capacity while reducing reliance on costly physical infrastructure.

    Key Highlights from the Report:

    • Seamless Connectivity: XNET enables over 150 million mobile devices to connect automatically, leveraging blockchain-based incentives and carrier-grade hardware.
    • Scalable Data Offloading: Provides a cost-effective solution for MNOs and MVNOs to offload data through carrier-grade WiFi and LTE/5G interconnects.
    • Strategic Partnerships: Direct partnership with AT&T exemplifies XNET’s ability to integrate with traditional MNOs and enhance network scalability.
    • Decentralized Network Expansion: Uses WiFi 6+ and Citizens Broadband Radio Service (CBRS) networks to enhance connectivity in underserved and high-traffic areas.
    • Blockchain-Powered Model: Operates on Solana, allowing communities and entrepreneurs to build network infrastructure while earning tokenized incentives.
    • Industry Disruption: XNET’s approach challenges traditional mobile infrastructure models, providing a sustainable and decentralized alternative.

    Despite liquidity challenges in the broader Decentralized Physical Infrastructure Networks (DePIN) sector, which have impacted the performance of the $XNET token, XNET remains uniquely positioned for long-term growth.
    “The mobile wireless industry has remained relatively unchanged for decades, and XNET is bringing a much-needed shift in how connectivity is built and managed,” said Enzo Villani, CEO, at Alpha Sigma Capital. “By utilizing blockchain technology and a decentralized model, XNET is providing a sustainable solution to meet the growing demand for high-speed, reliable mobile connectivity.”

    To read the full research report, visit [LINK].

    Stay connected with ASC Research on Substack. Subscribe at Alpha Sigma Capital Research | Substack.

    About Alpha Transform Holdings
    Alpha Transform Holdings (ATH) is a leading digital asset investment firm, combining strategic advisory, research, and capital investment to drive innovation in Web3 and blockchain.

    About Alpha Sigma Capital Research
    Active Investing in the Blockchain Economy.™

    Alpha Sigma Capital Research is provided by Alpha Sigma Capital Advisors, LLC, the Investment Manager for the Alpha Blockchain/Web3 Fund and Alpha Liquid Fund.  Alpha Sigma Capital (ASC) investment funds are focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. Apply to receive research at www.alphasigma.fund/research.

    DISCLAIMER
    This is for informational use only. This is not investment advice. Other than disclosures relating to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC) this information is based on current public information that we consider reliable, but we do not represent it as accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our information as appropriate.

    Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this press release.

    The information on which the information is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, the company website, the company white paper, pitchbook, and any other sources. While Alpha Sigma Capital has obtained data, statistics, and information from sources it believes to be reliable, Alpha Sigma Capital does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
    Unless otherwise provided in a separate agreement, Alpha Sigma Capital does not represent that the contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Alpha Sigma Capital and its officers, directors, and employees shall not be responsible or liable for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.

    Crypto and/or digital currencies involve substantial risk, are speculative in nature, and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.

    The MIL Network

  • MIL-OSI United Nations: Nuclear Option Must Be Avoided ‘at All Costs’, Secretary-General Tells Disarmament Conference, Calling for Working Towards Safe, Secure, Peaceful World

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks to the Conference on Disarmament, in Geneva today:

    You come together at a time of grave global consequence.  The bilateral and regional security arrangements that underwrote global peace and stability for decades are unravelling before our eyes.  Multilateral treaties are straining.  International law is being trampled.  And human rights are being undermined.

    Trust is sinking, while uncertainty, insecurity, impunity and military spending are all rising.  And no one can be certain what comes next.  All this is creating an environment in which the spirit of mutual restraint that helped provide for the possibility of stable security relations is coming undone. These challenges go to the heart of the purpose of the Disarmament Conference.

    The urgency to produce results remains crucial.  Last month, the so-called doomsday clock moved one second closer to midnight.  Some countries are investing in new nuclear weapons and their means of delivery.  Others are expanding their inventories of nuclear weapons and materials.  Some continue to rattle the nuclear sabre as a means of coercion.  And we see signs of new arms races including in outer space. And the weaponization of artificial intelligence is moving forward at an alarming pace.

    But, having said that, there are also signs of hope.  Last September, world leaders gathered in New York and adopted the Pact for the Future.  The Pact reconfirms a basic truth.  The nuclear option is not an option at all.  It’s a one-way road to annihilation.  We need to avoid this dead-end at all costs.

    In the first new nuclear disarmament agreement in more than a decade, Member States recommitted to nuclear disarmament — and to the final objective of complete disarmament.  And they pledged to accelerate the full and effective implementation of nuclear disarmament and non-proliferation obligations and commitments.

    The Pact also determined to identify and hold accountable anyone who uses chemical or biological weapons and to strengthen measures to prevent non-State actors from acquiring weapons of mass destruction.  And they agreed to advance further measures and international negotiations to prevent an arms race in outer space.

    Through the Pact, Member States also committed to revitalizing the role of the United Nations in disarmament.  And that is your role.  I know you are working to push this agenda forward — including by tackling some of the areas of greatest disagreement among Member States.  The entire world is counting on you to deliver practical progress and action on your agenda items.

    So, I urge you to seize the fresh momentum provided by the Pact. To continue your vital reforms to this Conference’s work.  To continue having the tough discussions that will lead to progress.  And to develop concrete and practical steps that will bring us closer to a nuclear-free world and prevent the weaponization of outer space. And to strengthen the multilateral security architecture for the future.

    The United Nations will continue doing everything we can to support this process of reform and results.  Humanity is counting on us to get this right.  Let’s keep working to deliver the safe, secure and peaceful world that every person needs and deserves.

    MIL OSI United Nations News

  • MIL-OSI: BsvCloud Announces 2025 Cloud Mining Plans to Help Beginners Mine Bitcoin Easily

    Source: GlobeNewswire (MIL-OSI)

    UXBRIDGE, United Kingdom, Feb. 24, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to dominate the cryptocurrency world, BsvCloud, a trusted leader in cloud mining solutions, announces its new 2025 mining plans tailored to help beginners mine Bitcoin easily. Since its founding in 2017, BsvCloud has empowered over 500,000 users globally, and now it’s breaking down barriers with user-friendly, secure, and innovative cloud mining packages designed to simplify Bitcoin mining for newcomers.

    Making Bitcoin Mining Easy for Beginners in 2025

    With Bitcoin’s popularity soaring in 2025, many beginners are eager to join the mining craze but often face complex hardware setups and technical challenges. BsvCloud’s new cloud mining plans eliminate these hurdles, offering a straightforward way for novices to start mining Bitcoin. Backed by cutting-edge technology, these plans make the process accessible, letting anyone dip their toes into the world of cryptocurrency with confidence.

    Key Features of BsvCloud’s New Cloud Mining Plans

    • Beginner-Friendly Options: Start with simple, affordable plans crafted for those new to Bitcoin mining.
    • Higher Profitability: Optimized contracts ensure returns exceed industry benchmarks.
    • Advanced Tech: Powered by renewable energy and AI-driven hardware, BsvCloud maximizes efficiency.
    • Unmatched Security: Multi-layer encryption and offline storage safeguard your assets.
    • 24/7 Support: A friendly team is available anytime to assist beginners every step of the way.

    How to Start Mining Bitcoin with BsvCloud
    Getting into Bitcoin mining has never been easier:

    1. Sign Up: Register at bsvcloud.com and claim a $15 signup bonus in minutes.
    2. Select a Plan: Pick a cloud mining package that fits your budget and goals.
    3. Start Mining: Launch your operation instantly—no hardware or expertise needed.
    4. Track Earnings: Monitor daily profits on a user-friendly dashboard, with withdrawals in under 5 minutes.

    Why BsvCloud Stands Out for Beginners

    Traditional Bitcoin mining can intimidate newcomers with its costly equipment and steep learning curve. BsvCloud changes that by leveraging green energy and smart automation to simplify the process.

    “We’re here to help beginners mine Bitcoin without the stress,” said Thomas Simatos, CEO of BsvCloud. “Our 2025 plans are all about ease and accessibility, backed by reliable technology.” Users like Sarah from London agree: “I signed up in minutes and started mining Bitcoin without any stress—BsvCloud makes it so easy!”

    Get Started with Bitcoin Mining Today

    BsvCloud’s new cloud mining plans are live now, ready to help beginners explore Bitcoin mining in 2025. Visit bsvcloud.com to learn more and take your first step into the crypto world with ease.

    About BsvCloud

    Founded in 2017, BsvCloud is a global leader in cloud mining, serving over 500,000 users across 100+ countries. Based in Uxbridge, UK, the company uses renewable energy and AI technology to make Bitcoin mining sustainable and beginner-friendly. With a focus on transparency and simplicity, BsvCloud is committed to opening up cryptocurrency mining to everyone.

    Contact Details

    Disclaimer: This press release is provided by BsvCloud. 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f481c7cd-44bd-49d8-9964-2b42ac9aee96

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a29ccc22-1d4f-4f56-887f-df6c491b90f5

    The MIL Network

  • MIL-OSI: Rhino Federated Computing and Flower Labs partner to accelerate Federated Learning adoption across industries

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 24, 2025 (GLOBE NEWSWIRE) — Rhino Federated Computing, the global leader in enterprise Federated Computing platforms, announced today a partnership with Flower, the world’s most popular open-source Federated Learning (FL) framework and Decentralized AI developer community. This partnership enables organizations from all industries to seamlessly benefit from the rapidly growing Flower ecosystem via Rhino Federated Computing Platform (FCP), unlocking unparalleled ease of deployment, security, and scalability.

    Developer-Friendly Federated AI with Flower Labs

    Flower has long been celebrated for its unmatched ease-of-use, large-active developer community and industry-firsts like FlowerLLM. The Flower framework simplifies the building of FL systems due to its:

    • Diverse ML Framework and Tool Compatibility: Flower seamlessly works with TensorFlow, PyTorch, XGBoost, MLX, JAX, and many more ML tools which simplifies adoption by existing AI teams, and the integration effort even for organizations employing diverse AI/ML toolchains.
    • Best-in-Class PETs Support: Flower offers AI developers a rich set of privacy-enhanced technologies (PETs) including many varieties of differential privacy, secure aggregation, homomorphic encryption to name a few, that are optimized under Flower for a wide range of ML hardware platforms.
    • Scalable and Customizable to Enterprise Environments: The underlying Flower architecture is built for high-performance with large-scale production environments in mind; the framework also offers out-of-the-box flexibility to support custom enterprise requirements such as aggregation and learning algorithms, user authentication, networking protocols and data formats.

    By integrating Flower Labs’ framework into Rhino FCP, organizations can now leverage the framework’s unique benefits while operating within a platform designed for enterprise environments.

    Rhino FCP: Enterprise Federated Computing

    Rhino Federated Computing Platform (FCP) is a scalable, secure, and production-grade federated computing solution designed to orchestrate both site-specific and federated workflows without requiring data transfer. It supports multi-cloud and hybrid enabling enterprises to unlock proprietary data for AI and analytics. Rhino differentiates with:

    • Enterprise-Grade Orchestration & Security – Provides centralized management with decentralized execution, ensuring encryption, role-based access control (RBAC), and audit logging to meet regulatory requirements such as HIPAA, GDPR, ISO 27001, and SOC 2 Type II; Rhino has passed security reviews with numerous large, rigorous organizations across regulated industries.
    • Scalable & Infrastructure-Agnostic – Enables distributed computing across multi-cloud and on-prem environments, minimizing operational complexity while optimizing performance. Available in multiple cloud marketplaces.
    • Seamless Integration with Data & AI Ecosystems – Supports leading federated learning frameworks, and integrates a wide range of software for pre-processing, data harmonization and viewing model training, analytics, AI workflows and storage.
    • Privacy-Preserving AI & Federated Analytics – Supports technologies like tokenization, differential privacy, homomorphic encryption and privacy preserving federated analytics / statistics to extract insights without exposing sensitive data.

    With Rhino FCP, enterprises can rapidly deploy, scale, and operationalize federated AI while maintaining full control over security, compliance, and data governance.

    Democratizing Federated Learning Across Industries

    Combining the rich ecosystem of Flower with the enterprise-hardened capabilities of Rhino FCP, opens doors for enterprises to rapidly adopt Federated Learning without compromising on security or operational efficiency. From healthcare and pharmaceuticals to finance, manufacturing, and retail, organizations can now adopt cutting-edge AI techniques with ease, unlocking insights from distributed data while protecting sensitive information.

    “Rhino is proud to offer the world’s leading enterprise-hardened Federated Computing Platform,” said Rhino co-founder & CEO, Dr. Ittai Dayan, “Adding Flower’s framework to Rhino FCP will broaden the network of people able to collaborate, bringing massive value to all participants.”

    “Flower is on a mission to make federated AI the new default,” said Flower Labs Co-Founder & CEO, Daniel J. Beutel, “Bringing Flower compatibility to Rhino FCP will enable more enterprises to benefit from and contribute back to the large and growing Flower ecosystem.”

    About Rhino Federated Computing

    Rhino’s Federated Computing Platform (Rhino FCP) unites siloed data with edge computing and federated learning, empowering enterprises to accelerate data strategies and to expand AI partnerships & use cases. Visit https://www.rhinofcp.com/ to learn more.

    About Flower Labs

    Flower (https://flower.ai) enables organizations and companies to train better AI models by safely leveraging distributed data. The Flower open-source framework and eco-system is the de-facto standard for federated AI in both research and production around the world. It offers a unified approach to decentralized forms of learning, analytics, and evaluation; with a focus on an easy-to-use AI developer experience. To learn more about Flower visit https://flower.ai/

    The MIL Network

  • MIL-OSI USA: Booker Leads Senate Colleagues in Urging Secretary Rubio to Restore Critical Global Health Programs to Keep Americans Safe

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. – Today, U.S. Senator Cory Booker (D-NJ), a member of the Senate Foreign Relations Committee, led 20 colleagues in calling on Secretary of State Marco Rubio to urgently restore funding for global health, development, and humanitarian programs. In the wake of the Trump administration’s abrupt termination of key foreign assistance programs and personnel without review, the letter highlights the national security imperatives of U.S. global health efforts, which keep Americans safe, strengthen U.S. leadership, and increase global stability.

    “The Trump Administration’s freeze on foreign assistance and opaque waiver process, coupled with the attempted dismantling of the U.S. Agency for International Development (USAID) has significantly weakened our ability to respond to emergencies, left gaps in disease surveillance, and undermined global partnerships— leaving a vacuum that our adversaries are eager to fill,” the Senators wrote.  

    The Senators expressed concern that without American global health programs, current outbreaks of infectious diseases like Ebola, Marburg Virus, and Bird Flu have the potential for spreading to U.S. soil. According to the Centers for Disease Control and Prevention (CDC), an infectious disease can spread from a remote village to a major city in the United States in as little as 36 hours. Additionally, the foreign assistance funding freeze has stopped critical Malaria interventions before peak transmission and paused many clinical trials and data collection endeavors that require continuous data collection. As a result, product development for desperately needed drugs and vaccines have been brought to a halt. 

    “The U.S. cannot afford to withdraw from the global stage. Weak health systems in already fragile regions create opportunities for infectious disease to spread unchecked, for extremist groups to gain influence, and for adversaries to expand their reach,” the Senators continued.

    The Senators warned Secretary Rubio that Russian leaders have publicly praised the decision to dismantle USAID, an agency that helps counter China’s efforts to expand its Belt and Road Initiative in Africa and Latin America. Additionally, China is already stepping in to fill the vacuum left by the United States at the World Health Organization.  

    “We urge you to reverse the damaging personnel actions at USAID, and swiftly restart U.S. investments in global health, development, and humanitarian aid—not just as a moral obligation, but as part of the necessary strategy to protect America’s national security. In the meantime, there must be a clear process to achieve and implement waivers for these critical programs… Restoring these investments and the professional staff with training and skillsets to implement these life-saving programs will strengthen global health security, reinforce our leadership on the world stage, and make us safer at home,” the Senators concluded.

    The letter is cosigned by U.S. Senators Richard Blumenthal (D-CT),  Tammy Duckworth (D-IL), Minority Whip Dick Durbin (D-IL), Chris Coons (D-DE), Martin Heinrich (D-NM), Tim Kaine (D-VA), Mark Kelly (D-AZ), Amy Klobuchar (D-MN), Ben Ray Lujan (D-NM), Ed Markey (D-MA), Chris Murphy (D-CT), Patty Murray (D-WA), Alex Padilla (D-CA), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Brian Schatz (D-HI), Jeanne Shaheen (D-VT), Tina Smith (D-MN), Chris Van Hollen (D-MD), and Ron Wyden (D-OR). 

    To read the full text of the letter, click here.

    MIL OSI USA News

  • MIL-OSI USA: PREPARED REMARKS: Sanders to Colleagues on Senate Floor: “Do You Have the Courage to Continue Telling the Truth When the President is Lying?”

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders
    WASHINGTON, Feb. 20 – Sen. Bernie Sanders (I-Vt.) today gave remarks on the floor of the Senate regarding President Trump’s lies and asking his colleagues when they will stand up to the president.
    Sanders’ remarks, as prepared for delivery, are below and can be watched HERE: 
    We live in difficult times – in times where people throughout our country are experiencing a great deal of anxiety for a number of reasons. And in the midst of all of that, it is important that we not forget what is taking place, not only in Ukraine, but back home here in the United States. 
    And back home, right now, tens of millions of Americans are struggling economically to keep their heads above water. 60% of our people are living paycheck to paycheck. 85 million are uninsured or underinsured. And we have the highest rate of childhood poverty of almost any major nation on Earth. 
    And as someone who has visited senior centers throughout the state of Vermont and has spoken to seniors throughout our country, I can tell you that there is a significant level of fear and anxiety among the older people in this country with regard to what’s happening right here in DC. 
    When we have a president of the United States and Republicans who are talking about massive cuts to Medicaid, let’s understand – and seniors do understand – that we are not just talking about throwing millions of kids off the health care that they have, at a time when we are the only major country on Earth not to provide health care to all people, not just kids, off of health care.
    We are talking about massive cuts to community health centers, which receive over 40% of their funding from Medicaid, and where millions of seniors go to get the primary care they need. 
    And at a time when we already have a major crisis in nursing home availability, let us understand that Medicaid provides funding for two out of every three seniors who live in nursing homes. In other words, massive cuts to Medicaid would be a disaster for senior citizens throughout this country. But it is not just Medicaid cuts that worry our seniors. 
    Today, quite unbelievably, 25% of people in our country who are 65 years of age or older are trying to survive on incomes of $15,000 a year or less. I, myself, do not know how anybody, let alone a senior with health care needs, can survive on $15,000 a year, but that is what 25% of our seniors are trying to do. 
    Mr. President, this issue of so many seniors struggling to get by, struggling to heat their homes, struggling to buy the food or the prescription drugs they need – this is an issue we must address. And it is a crisis that is unacceptable in the richest country in the history of the world. 
    And that is why, Mr. President, I am proud to tell you that within the next several weeks I, along with a number of cosponsors, will be introducing legislation that expands Social Security benefits and extends the solvency of Social Security for decades.
    We’re hearing a lot of talk about cutting Social Security. We should not be talking about cutting Social Security. We must be talking about expanding Social Security benefits. And the legislation that I will introduce will do just that. 
    It will expand social security benefits by $2,400 a year, and it would not raise taxes by one penny on the bottom 93% of Americans – those who make less than $250,000 a year. And how do we do that? By lifting the cap and applying the Social Security payroll tax on all income above $250,000.
    Unbelievably, under current law, a billionaire pays the same amount of money into Social Security as someone who makes $176,000 a year. Elon Musk, worth $400 billion, pays the same amount into Social Security as somebody who makes $176,000. That is because, under Social Security, there is an absurd cap on taxable income. 
    If we lifted that cap and made sure that millionaires and billionaires paid the same percentage of their income into Social Security as the working class of this country, we could extend the life of Social Security for generations to come and lift millions of seniors out of poverty. 
    Further, Mr. President, when we talk about the needs of senior citizens in this country, I want to mention that I will also be introducing legislation to expand Medicare to cover dental, vision, and hearing.
    It is unacceptable that millions of seniors are unable to read a newspaper because they cannot afford eyeglasses, can’t have conversations with their grandchildren because they can’t afford hearing aids, and have trouble eating because they cannot afford dentures. That should not be happening in the United States of America in the year 2025. 
    Expanding Medicare to cover dental, vision, and hearing is an extremely popular concept. Poll after poll shows that 80% of the American people – Democrats, Republicans, Independents – support doing just that. 
    All across this country there is a growing fear that the Trump administration is undermining the Constitution of our country – a Constitution which has kept us a free nation and an example, a model of the rest of the world, for the last 250 years. 
    During the last month alone, President Trump has attempted to usurp the powers of Congress illegally and unconstitutionally, refusing to fund programs passed by Congress. 
    He has illegally destroyed agencies like USAID and the Consumer Financial Protection Bureau that were created by Congress. And under the leadership of Mr. Musk, they have illegally and inappropriately gained access to tax data and Social Security data of millions of Americans. 
    Every day, they are acting in an illegal and unconstitutional manner. Just this week, President Trump tweeted, “he who saves his country does not violate any law.” 
    Wow. 
    In other words, Mr. Trump sees himself, the president of the United States, as above the law and immune from the basic rules of the Constitution and the separation of powers that have governed this country since the founding. 
    “Anything I want to do, I’m president, I can do it. It doesn’t matter what Congress says, it doesn’t matter what the Constitution says, it doesn’t matter what the rule of law is about. I don’t need to hear from anybody else.” 
    That’s not what Americans fought and died to preserve. In regard to the move to authoritarianism, let me say a few words about an area that I think has not gotten much attention at all. And that is Trump’s attack on the free press, which is protected by the First Amendment to the Constitution. The Founding Fathers of this country considered freedom of speech and free press to be enormously important. That was the First Amendment. 
    Mr. Trump has sued CBS and its parent company, Paramount, for $20 billion because he didn’t like how they edited an interview with Vice President Kamala Harris. The company is now reportedly considering settling the lawsuit, and I certainly hope they do not do that, out of fear of retaliation from Trump’s FCC. 
    He did not like a television program on CBS. But you don’t sue somebody for $20 billion because you didn’t like the program. 
    And obviously, the intention of that lawsuit is clear: and that is that CBS, and every other network and media outlet, will now have to look over their shoulder. “Oh, my goodness, we’re saying something critical of Donald Trump. Is he going to sue us for $5 billion or $10 billion? Maybe we should not run that Maybe we should not do that investigative report.” 
    Not just CBS. In recent times he has sued ABC. He has sued Meta, which owns Facebook and Instagram. He has sued the Des Moines Register. 
    What crime did a little newspaper in Iowa make? What was their crime? They ran a poll which turned out, in retrospect, to be inaccurate. So pollsters all over America, be careful.  
    How absurd is that? And what kind of threat is it to freedom of speech and expression in this country? 
    Mr. President, when we talk about the Trump administration’s movement toward authoritarianism, we should take note of another remarkable and troubling set of events that happened just this week. We saw the president of the United States openly aligning himself with the dictator of Russia, Vladimir Putin, to undermine the independence of Ukraine and abandon our closest democratic allies in Europe. 
    Trump made it clear that he sees one of the world’s most brutal dictators as his pal. And our long time democratic allies as his enemies. 
    It appears that Mr. Trump wants a world that is safe for authoritarians and oligarchs, but dangerous and unstable for democracies. And when we talk about authoritarianism, we have got to mention the growing phenomenon in this country of the Big Lie: say something that is blatantly untrue, repeat it over and over again and then blast that lie out on social media until people actually believe it. 
    Let me mention one of the very big lies that Trump said recently regarding the war in Ukraine. Earlier this week, the president said that Ukraine started the war. Trump said that Ukraine started the war. Really? 
    That is, as I hope every member of the Senate knows, an absolute lie. 
    Russia invaded Ukraine twice, first in 2014 and then again on February 24, 2022. And on that date, February 24, 2022, Putin’s tanks and troops rolled into Ukraine. And on that day, Russian aircraft began bombing targets all over Ukraine. 
    Russia started the war, period, end of discussion. Trump is lying. 
    Since Putin’s invasion over one million people having been killed or injured. Every single day, Russia continues to rain down hundreds of missiles and drones on Ukrainian cities. Putin’s forces have massacred civilians and captured Ukrainian children, bringing them back to Russian “re-education” camps. There atrocities led the International Criminal Court to issue an arrest warrant for Vladimir Putin, in 2022, as a war criminal. 
    Further, Trump called Ukrainian President Zelensky – not Putin, but Zelensky, a dictator. And that obviously is not true either. Zelenskyy won 75% of the vote in free elections. And in the midst of a brutal war, Ukraine’s parliament continues to function and open and unfettered political debate takes place. 
    Trump recently claimed that our European allies have done little to support Ukraine in its fight against Putin’s invasion. He said the U.S. has contributed three times more than Europe. But that is another lie. In fact, Europe has provided more aid to Ukraine than the United States. 
    But it’s not just that Trump is lying again. That is not new. It’s what this all reveals about where we want to take our country and where we want the world to be moving – what direction.
    Trump is cozying up to Vladimir Putin. So who is Putin? And what kind of world does Putin want to build? 
    Putin is a dictator who crushed Russia’s movement toward democracy after the end of the Cold War. Russia now holds sham elections where Putin wins 90% of the vote, and authorities there do not even try to hide their ballot stuffing. 
    There it is no freedom of speech or free media in Putin’s Russia. Protests are violently suppressed. Tens of thousands of people are in prison for protesting Putin’s invasion of Ukraine. Political dissidents are harassed or thrown into jail. The bravest, like Alexei Navalny are killed outright. Hundreds of thousands of Russians have fled Putin’s Russia since his invasion of Ukraine. 
    That, Mr. President, is the Russian leader that Donald Trump admires. But, Mr. President, my Republican colleagues know all of this. And what is particularly disturbing to me – and I believe the American people – is my colleagues, my Republican colleagues understand and know that Trump is lying. They know that Russia started the war, not Ukraine. They know that Putin is a dictator, not Zelensky. But their silence has been overwhelming on this issue. 
    I cannot tell you how many times I have sat here on the floor and I have listened to my Republican colleagues come to the Senate to condemn Vladimir Putin and his brutal invasion of Ukraine. And many of their remarks were right on the money. They were perceptive and they were right. 
    And my simple question to my Republican colleagues right now is: “Where are you now?”
    Last I heard, Mr. President, this is still a democracy. Last I heard, we are still allowed to disagree with the president of the United States, even if he is a member of your own party. Last I heard, we are allowed to call out the president when he lies – blatantly lies, even if he is a member of our own party. And what really bothers me is I know that many of my Republican colleagues understand all of this. 
    And I just want to give you an example of what is going on right now. Let me just quote a few of my Republican colleagues in statements they have made since Putin’s invasion of Ukraine. These are Republican members of the United States Senate. And I’m not going to mention names right now. I don’t want to embarrass anybody, put anybody on the spot. But these are quotes. 
    One leading Republican said, “we must remember the instigator of this war was Russia. It was president Putin who launched an unprovoked attack on Ukraine.” And that Republican colleague was obviously right. 
    Another Republican said, and I quote. “I think Vladimir Putin started the war, I also believe, through bitter experience, that Vladimir Putin is a gangster.” That’s a Republican colleague. 
    A third Republican colleague said, “there is no equivalency between Vladimir Putin and President Zelensky. President Putin is evil and he has to be stopped.” 
    A fourth Republican said, when the war began, “today’s invasion of Ukraine by Russia is a premeditated and flagrant act of war. Putin has violated the border of a sovereign country.” And that senator later said, “anyone who is surprised by Putin’s deadly attack on a sovereign nation has not been paying attention. These are the actions of a mad man.” And just recently, that very same senator said, “Putin is not going to stop with Ukraine. If we abandon Ukraine and throw in the towel as some would like us to do, that is going to drastically change how people view the United States and how people rely on the United States and there will be major consequences.” 
    And a fifth Republican colleague here in the Senate called Putin a “thug” and compared him to Hitler. He said, “Vladimir Putin is not a legitimate leader. He is a war criminal that needs to be dealt with.” 
    That is what my Republican colleagues have said time and time again. 
    And the question is, now, do you have the courage to continue telling the truth when the president of the United States is lying? 
    This is an extraordinarily pivotal moment in American history. And all of us must have the courage to stand up for truth, to stand up for democracy, to oppose authoritarianism. 
    This is the moment. 

    MIL OSI USA News

  • MIL-OSI USA: Lummis Announces Key Commerce Subcommittees for 119th Congress

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    February 24, 2025

    Washington, D.C. — Senator Cynthia Lummis (R-WY) today announced that she has been named to three subcommittees as part of her work on the U.S. Senate Committee on Commerce, Science, and Transportation Committee. 

    Senator Lummis will serve on the following subcommittees during the 119th Congress: 

    • Science, Manufacturing, and Competitiveness subcommittee 
    • Consumer Protection, Technology, and Data Privacy subcommittee 
    • Telecommunications and Media subcommittee 

    “I’m honored to be chosen to serve on these critical subcommittees and work on these important issues that impact the future of our country,” said Lummis. “These subcommittees tackle everything from the impacts of AI to our efforts to bring manufacturing back to the United States, and I’m excited to bring Wyoming’s unique perspective to these issues. I look forward to working on these subcommittees to provide true oversight and harness America’s unlimited innovation potential. I am excited to get to work.”

    MIL OSI USA News

  • MIL-OSI United Nations: Human Rights ‘Oxygen of Humanity’, Critical to Sustainable Peace, Says Secretary-General

    Source: United Nations 4

    Following are UN Secretary-General António Guterres’ remarks to Human Rights Council, in New York today:

    We begin this session under the weight of a grim milestone — the third anniversary of the Russian Federation’s invasion of Ukraine, in violation of the Charter of the United Nations.  More than 12,600 civilians killed, with many more injured.  Entire communities reduced to rubble.  Hospitals and schools destroyed.  We must spare no effort to bring an end to this conflict, and to achieve a just and lasting peace in line with the UN Charter, international law and General Assembly resolutions.

    Conflicts like the war in Ukraine exact a heavy toll.  A toll on people.  A toll on fundamental principles like territorial integrity, sovereignty and the rule of law.  And a toll on the vital business of this Council.

    Without respect for human rights — civil, cultural, economic, political and social — sustainable peace is a pipedream.  And like this Council, human rights shine a light in the darkest places.

    Through your work, and the work of the High Commissioner’s Office around the world, you’re supporting brave human rights defenders risking persecution, detention and even death.  You’re working with Governments, civil society and others to strengthen action on human rights.  And you’re supporting investigations and accountability.

    Five years ago, we launched our Call to Action for Human Rights, embedding human rights across the work of the United Nations around the world in close cooperation with our partners.  I will continue supporting this important work, and the High Commissioner’s Office, as we fight for human rights everywhere.  We have our work cut out for us.

    Human rights are the oxygen of humanity.  But, one by one, human rights are being suffocated.  By autocrats, crushing opposition because they fear what a truly empowered people would do.  By a patriarchy that keeps girls out of school, and women at arm’s length from basic rights.  By wars and violence that strip populations of their right to food, water and education. By warmongers who thumb their nose at international law, international humanitarian law and the UN Charter.

    Human rights are being suffocated by the climate crisis.  And by a morally bankrupt global financial system that too often obstructs the path to greater equality and sustainable development.  By runaway technologies like artificial intelligence (AI) that hold great promise, but also the ability to violate human rights at the touch of a button.  By growing intolerance against entire groups — from Indigenous Peoples, to migrants and refugees, to the lesbian, gay, bisexual, transgender, queer, intersex and other identities (LGBTQI+) community, to persons with disabilities.  And by voices of division and anger who view human rights not as a boon to humanity, but as a barrier to the power, profit and control they seek.

    In short — human rights are on the ropes and being pummelled hard.  This represents a direct threat to all of the hard-won mechanisms and systems established over the last 80 years to protect and advance human rights.

    But, as the recently adopted Pact for the Future reminds us, human rights are, in fact, a source of solutions.  The Pact provides a playbook on how we can win the fight for human rights on several fronts.

    First — human rights through peace and peace through human rights.  Conflicts inflict human rights violations on a massive scale.  In the Occupied Palestinian Territory, violations of human rights have skyrocketed since the horrific Hamas attacks of 7 October 2023 and the intolerable levels of death and destruction in Gaza.

    And I am gravely concerned by the rising violence in the occupied West Bank by Israeli settlers and other violations, as well as calls for annexation. We are witnessing a precarious ceasefire.  We must avoid at all costs a resumption of hostilities.  The people in Gaza have already suffered too much.

    It’s time for a permanent ceasefire, the dignified release of all remaining hostages, irreversible progress towards a two-State solution, an end to the occupation and the establishment of an independent Palestinian State, with Gaza as an integral part.

    In Sudan, bloodshed, displacement and famine are engulfing the country.  The warring parties must take immediate action to protect civilians, uphold human rights, cease hostilities and forge peace.  And domestic and international human rights monitoring and investigation mechanisms should be permitted to document what is happening on the ground.

    In the Democratic Republic of the Congo, we see a deadly whirlwind of violence and horrifying human rights abuses, amplified by the recent M23 [23 March Movement] offensive, supported by the Rwandan Defence Forces. As more cities fall, the risk of a regional war rises.

    It’s time to silence the guns.  It’s time for diplomacy and dialogue.  The recent joint summit in the United Republic of Tanzania offered a way forward with a renewed call for an immediate ceasefire.  The sovereignty and territorial integrity of the Democratic Republic of the Congo must be respected.  The Congolese people deserve peace.

    In the Sahel, I call for a renewed regional dialogue to protect citizens from terrorism and systemic violations of human rights, and to create the conditions for sustainable development.

    In Myanmar, the situation has grown far worse in the four years since the military seized power and arbitrarily detained members of the democratically elected Government.  We need greater cooperation to bring an end to the hostilities and forge a path towards an inclusive democratic transition and a return to civilian rule, allowing for the safe return of the Rohingya refugees.

    And in Haiti, we are seeing massive human rights violations — including more than a million people displaced, and children facing a horrific increase in sexual violence and recruitment into gangs.  In the coming days, I will put forward proposals to the United Nations Security Council for greater stability and security for the people of Haiti — namely through an effective UN assistance mechanism to support the Multilateral Security Support mission, the national police and Haitian authorities.  A durable solution requires a political process — led and owned by the Haitian people — that restores democratic institutions through elections.

    The Pact for the Future calls for peace processes and approaches rooted in the Universal Declaration of Human Rights, international law and the UN Charter.  It proposes specific actions to prioritize conflict prevention, mediation, resolution and peacebuilding.  And it includes a commitment to tackle the root causes of conflict, which are so often enmeshed in denials of basic human needs and rights.

    Second — the Pact for the Future advances human rights through development.  The Sustainable Development Goals (SDGs) and human rights are fundamentally intertwined. They represent real human needs — health, food, water, education, decent work and social protection.

    With less than one fifth of the Goals on track, the Pact calls for a massive acceleration through an SDG Stimulus, reforming the global financial architecture, and taking meaningful action for countries drowning in debt.  This must include focused action to conquer the most widespread human rights abuse in history — inequality for women and girls.

    The Pact calls for investing in battling all forms of discrimination and violence against women and girls, and ensuring their meaningful participation and leadership across all walks of life.  And along with the Declaration on Future Generations, the Pact calls for supporting the rights and futures of young people through decent work, removing barriers for youth participation, and enhancing training.  And the Global Digital Compact calls on nations to champion young innovators, nurture entrepreneurial spirit and equip the next generation with digital literacy and skills. 

    Third — the Pact for the Future recognizes that the rule of law and human rights go hand-in-hand.  The rule of law, when founded on human rights, is an essential pillar of protection.  It shields the most vulnerable.  It’s the first line of defence against crime and corruption.  It supports fair, just and inclusive economies and societies.  It holds perpetrators of human rights atrocities to account.  It enables civic space for people to make their voices heard — and for journalists to carry out their essential work, free from interference or threats.  And it reaffirms the world’s commitment to equal access to justice, good governance and transparent and accountable institutions.

    Fourth — human rights through climate action.  Last year was the hottest on record — capping the hottest decade on record.  Rising heat, melting glaciers and hotter oceans are a recipe for disaster.  Floods, droughts, deadly storms, hunger, mass displacement — our war on nature is also a war on human rights.  We must choose a different path.

    I salute the many Member States who legally recognize the right to a healthy environment — and I call on all countries to do the same.  Governments must keep their promise to produce new, economy-wide national climate action plans this year, well ahead of thirtieth UN Climate Change Conference in Brazil.  Those plans must limit the rise in global temperature to 1.5°C — including by accelerating the global energy transition.

    We also need a surge in finance for climate action in developing countries, to adapt to global heating, slash emissions and accelerate the renewables revolution, which represents a massive economic opportunity. We must stand up to the misleading campaign of many in the fossil fuel industry and its enablers who are aiding and abetting this madness, while also protecting and defending those on the front lines of climate justice.

    And fifth — human rights through stronger, better governance of technology.  As fast-moving technologies expand into every aspect of our lives, I am deeply concerned about human rights being undermined.

    At its best, social media is a meeting ground for people to exchange ideas and spark respectful debate.  But, it can also be an arena of fiery combat and blatant ignorance. A place where the poisons of misinformation, disinformation, racism, misogyny and hate speech are not only tolerated — but often encouraged.  Verbal violence online can easily spill into physical violence in real life.

    Recent rollbacks on social media fact-checking and content moderation are reopening the floodgates to more hate, more threats and more violence.  Make no mistake.  These rollbacks will lead to less free speech, not more, as people become increasingly fearful to engage on these platforms.  Meanwhile, the great promise of AI is matched by limitless peril to undermine human autonomy, human identity, human control — and yes, human rights.

    In the face of these threats, the Global Digital Compact brings the world together to ensure that human rights are not sacrificed on the altar of technology.  This includes working with digital companies and policymakers to extend human rights to every corner of cyberspace — including a new focus on information integrity across digital platforms.

    The Global Principles for Information Integrity I launched last year will support and inform this work as we push for a more humane information ecosystem.

    The Global Digital Compact also includes the first universal agreement on the governance of AI that brings every country to the table and commitments on capacity-building, so all countries and people benefit from AI’s potential.  By investing in affordable Internet, digital literacy and infrastructure.  By helping developing countries use AI to grow small businesses, improve public services and connect communities to new markets.  And by placing human rights at the centre of AI-driven systems.

    The Pact’s decisions to create an Independent International Scientific Panel on AI and an ongoing Global Dialogue that ensure all countries have a voice in shaping its future are important steps forward.  We must implement them.

    We can help end the suffocation of human rights by breathing life into the Pact for the Future and the work of this Council.  Let’s do that together.  We don’t have a moment to lose.

    MIL OSI United Nations News

  • MIL-OSI: Eviden unveils new generation of enterprise servers for AI and critical applications

    Source: GlobeNewswire (MIL-OSI)

    Powered by the latest Intel® Xeon® 6 processors, the new BullSequana SH server line-up will achieve up to 1.5x better performance and up to 1.7x better memory bandwidth for AI workload and business-critical applications compared to previous generation.

    Paris, France – February 24, 2025 – Eviden, the Atos Group business leading in digital, cloud, big data and security today announces 4 new Bullsequana SH servers based on the latest Intel processing technology, the Intel® Xeon® 6 processor. Combining a performance boost, an unrivalled scale-up architecture and unique eco-efficient technologies, these servers are perfectly suited to the needs of businesses, cloud providers, and hyperscalers, enabling them to confidently deploy their critical and artificial intelligence applications.

    Although virtualization and cloud adoption have favored scale-out deployments, they are not well-suited for real-time business processing, big data and analytics (e.g., SAP HANA®), which require maximum computational resources to process vast amounts of data. These applications can benefit from a scale-up architecture which offers a large number of processors in close proximity and substantial memory capacity, allowing large amounts of data to be kept close to the processor, thereby minimizing the latency when fetching data.

    Designed for an optimum flexibility and scalability, these new additions to the BullSequana SH range is composed of 4 complementary servers with a computing capacity from one to eight 2-socket server modules. With up to 128 terabytes of DDR5 memory capacity and scalability from 2 to 32 processors in 2-CPU steps thanks to Eviden’s Node Controller UNC5 interconnect technology, clients can easily scale-up their infrastructure, shifting from one model to the other, avoiding over-allocation of resources as well as preserving investments and application environments.

    For the first time, our BullSequana-SH scale-up servers will include our patented Eviden DLC technology as a new cooling option. This innovation gives customers the flexibility to select the ideal cooling solution tailored to their specific usage needs. With heat dispersion efficiency reaching up to 97% and functionality even at an inlet water temperature of 40°C, these servers achieve superior cooling while reducing energy consumption for heat transport, significantly enhancing the Power Usage Effectiveness (PUE) of data centers. For example, compared to air cooling systems with similar configurations, our DLC technology offers at least a 10% reduction in energy consumption, leading to a 10% decrease in carbon emissions. Additionally, it doubles rack density and optimize the performance of Intel Xeon 6 processors.

    Entirely manufactured in Eviden’s flagship factory in Angers (France) and designed by Eviden’s R&D teams, the BullSequana SH range already has a strong track record of successful deployments around the world for more than 200 clients and achieved a world record in terms of performance during a SAP HANA Benchmark in June 2024.

    Charles-Philippe Gaudron, Global head of Business Computing and AI at Eviden, Atos Group quote said “Our BullSequana SH range is part of the Group’s AI expertise and its broad spectrum of AI sovereign solutions, from infrastructure to models and services. These new enterprises servers offer an evolutive platform, with or without a GPUs, able to run a large variety of models and use cases such as in-memory AI computing applications. Powered by Intel®Xeon®6 processors, the latest processing technology on the market, our new BullSequana SH servers offers a unique combination of scale-up architecture, eco-efficient technologies and optimal performance. With the launch of our new business computing servers, we are redefining the future of AI and critical applications for businesses, cloud providers and hyperscalers.

    ***

    About Eviden1

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 41,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Constance Arnoux – constance.arnoux@atos.net – +33 (0)6 44 12 16 35


    1 Eviden business is operated through the following brands: AppCentrica, ATHEA, Cloudamize, Cloudreach, Cryptovision, DataSentics, Edifixio, Engage ESM, Evidian, Forensik, IDEAL GRP, In Fidem, Ipsotek, Maven Wave, Profit4SF, SEC Consult, Visual BI, X-Perion.

    Eviden is a registered trademark. © Eviden SAS, 2025.

    Attachments

    The MIL Network

  • MIL-OSI: OMERS Earns $10.6 billion in Investment Income in 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 24, 2025 (GLOBE NEWSWIRE) — OMERS, the defined benefit pension plan for Ontario’s broader municipal sector employees, achieved a 2024 investment return of 8.3%, or $10.6 billion, net of expenses, exceeding its 7.5% benchmark for the year. Net assets at December 31, 2024, grew to $138.2 billion from $128.6 billion in 2023. The Plan reported a smoothed funded status of 98%, up from 97% in 2023. Over the past 10 years, OMERS has averaged an annual investment return of 7.1%, net of expenses, adding $70.5 billion to the Plan.

    “Our strong result in 2024 reflects the quality of our people and portfolio, our active strategic decisions, and our steady progress as a long-term investor. Since becoming CEO of OMERS, I have been incredibly proud of the work of our leaders and their teams, as well as the forward-thinking strategies we have implemented over the last four years as we emerged from the pandemic. This combination has generated an average annual net return of 8.1% during that period,” said Blake Hutcheson, OMERS President and Chief Executive Officer. “As we look to the future, we are steadfast in our view that quality will see us through an unpredictable global landscape and the cycles ahead. Our talented team is focused on delivering our pension promise and is honoured to work in service of our almost 640,000 members.”

    “Our actions to diversify the global portfolio positioned the Plan well in 2024,” said Jonathan Simmons, OMERS Chief Financial and Strategy Officer. “OMERS public equity investments delivered double-digit performance supported by strong contributions from private credit and infrastructure. Our net investment results benefitted from our active strategy to maintain currency exposure to the US dollar. Our real estate assets continue to generate strong operating income, but returns were held back due to lower valuations. Our asset mix continued to shift toward a higher exposure to fixed income, where return opportunities remain attractive. We expanded our overall use of leverage as we continued to use debt prudently to enhance our investment returns.”

    This year, we are reporting that OMERS achieved a 58% reduction in its portfolio carbon emissions intensity, relative to 2019, and we reported an increase in green investments to $23 billion. For more information on how we define green investments, please refer to the OMERS Climate Taxonomy.

    OMERS is highly rated across independent credit rating agencies, including ‘AAA’ ratings from S&P, Fitch, and DBRS.

    OMERS will publish its 2024 Annual Report on February 28, 2025.

    Media Contact:

    Don Peat
    dpeat@omers.com
    416.417.7385

    About OMERS

    OMERS is a jointly sponsored, defined benefit pension plan, with 1,000 participating employers ranging from large cities to local agencies, and almost 640,000 active, deferred and retired members. Our members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers, and originating and managing a diversified portfolio of high-quality investments in government bonds, public and private credit, public and private equities, infrastructure and real estate.

    Net Investment Returns for the years ended December 31

      2024   2023
    Government Bonds 1.0%   5.8%
    Public Credit 6.0%   6.2%
    Private Credit 12.6%   10.0%
    Public Equities 18.8%   10.4%
    Private Equities 9.5%   3.9%
    Infrastructure 8.8%   5.5%
    Real Estate -4.9%   -7.2%
    Total Net Return 8.3%   4.6%


    2024 Asset Mix

    2024 Highlights

    By the numbers

    • 2024 investment return of 8.3%, or $10.6 billion, net of expenses
    • $138.2 billion in net assets
    • 10-year average annual net return of 7.1%
    • 639,546 OMERS members
    • 98% smoothed funded ratio
    • 3.70% real discount rate, 5 basis points lower than 2023
    • $6.5 billion total pension benefits paid
    • We are reporting a 58% reduction in the portfolio carbon emissions intensity, relative to 2019
    • $23 billion in green investments
    • 96% OMERS member service satisfaction
    • 93% of employees are proud to work for OMERS and Oxford (+5 points above best-in-class)

    Transactions in 2024

    OMERS remains focused on deploying capital in line with our target asset mix. We are a disciplined investor in high-quality assets that meet the Plan’s risk and return requirements. Please find below highlights of investments made in 2024.

    • Acquired Italy’s Grandi Stazioni Retail which manages the entirety of commercial and advertising spaces in 14 of Italy’s major railway stations and hubs for the high-speed rail network, which collectively receive over 800 million visits a year. The stations include over 800 commercial units, totaling around 190,000 Sqm of leasable space, and over 1,800 media assets.
    • Increased our stake by 13.5% in Indian roads business Interise Trust, one of the largest Indian Infrastructure Investment Trusts in the roads sector.
    • Supported XpFibre to successfully raise €5.8 billion of credit facilities, marking one of the largest multi-sourced transactions in the European digital infrastructure market to date. XpFibre is the largest independent Fibre-to-the-Home (FTTH) operators in France delivering high speed internet to approximately 25% of the French territory in terms of homes passed.
    • Announced an agreement to acquire Integris, a leading provider of IT services in the United States.
    • Issued $3.2 billion in bonds by OMERS Finance Trust, including our inaugural AUD offering – an AUD 750 million, 5-year note.
    • Announced the signing of an exclusive agreement with Maritime Transport at West Midlands Interchange in the UK.
    • Participated in the US$15M Series A investment into Brightwave, an Al-powered research platform that delivers insightful and trustworthy financial analysis on demand. It was named as one of TIME magazine’s top inventions of 2024.
    • Participated in two follow-on investments. The first was in Medal, an online platform that lets gamers clip and share video of their gameplay and Altana, a company that applies artificial intelligence to create a dynamic, intelligent map of the global supply chain.
    • Closed our acquisition of Kenter, an energy infrastructure solutions business providing medium-voltage infrastructure and meters to over 25,000 commercial and industrial business customers in the Netherlands and Belgium.

    We rotate capital out of assets with the same level of discipline with which we invest. This activity generates capital, which we deploy into future investment opportunities that align to our strategy. In 2024, we announced or completed the following realizations:

    • Announced the sale of a stake in East-West Tie Limited Partnership which owns the East-West Tie Line, a 450-kilometre, 230 kV double-circuit transmission line spanning from Wawa to Thunder Bay, along the north shore of Lake Superior.
    • Completed the sale of LifeLabs, a trusted provider of community laboratory tests for millions of Canadians that had been owned by OMERS since 2007.
    • Completed a €182.5 million green refinancing on a comprehensively renovated Paris office asset.
    • Completed the sale of its £518 million UK retail park portfolio.
    • Completed the sale of CEDA, which had been majority-owned by OMERS since 2005.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0d74c32c-3c0d-4915-af73-70788746bb63

    https://www.globenewswire.com/NewsRoom/AttachmentNg/136a43d0-d624-48ac-bd8c-133cd153643c

    The MIL Network

  • MIL-OSI: DDB Miner Expands AI-Driven Cloud Mining Platform, Offering Stable Passive Income for Crypto Investors in 2025

    Source: GlobeNewswire (MIL-OSI)

    9.23 Million Members and Growing: A New Era of Accessible and Profitable Cloud Mining

    BIRMINGHAM, United Kingdom, Feb. 24, 2025 (GLOBE NEWSWIRE) — DDB Miner, a global leader in cloud mining solutions, has announced a major expansion of its AI-driven platform, designed to provide stable, passive income for cryptocurrency investors. With over 9.23 million registered members worldwide, DDB Miner is setting a new standard for accessibility, transparency, and profitability in the cloud mining industry.

    Rising Above Market Volatility

    Amidst ongoing cryptocurrency market fluctuations and rising inflation, DDB Miner’s advanced cloud mining technology offers a dependable alternative to traditional trading. Unlike speculative investments, cloud mining provides consistent returns without the need for active management. Investors can earn daily profits by renting mining capacity through DDB Miner’s platform, eliminating the complexities of hardware ownership and maintenance.

    AI-driven cloud mining.

    For experienced traders, the conclusion is simple: volatility is a double-edged sword. While some try to time the market, the real winners are those who find a stable, passive income source. That’s why many people abandon volatility trading and turn to cloud mining for stable profits.

    So what is driving so many leading cryptocurrency investors to abandon cloud mining and bet on the next XRP rally? The reasons are stable profits, automation, and simplicity.

    DDB Miner has 9.23 million members worldwide. Register now to join the cloud mining contract for free. Giving yourself a chance is giving yourself a future.

    Click to download the official app and take control of your financial freedom anytime, anywhere!

    XRP Collapse – Why the Crash is Inevitable
    Once the darling of cryptocurrencies, XRP has been underperforming due to regulatory uncertainty, whale selling, and market jitters caused by inflation. Some traders had hoped that XRP would rebound, but today’s inflation report shattered expectations and XRP hit the bottom.

    XRP’s decline caught most traders off guard and forced them to revise their strategies. Instead of speculating on currencies, most people turned to cloud mining because its daily returns are not affected by market fluctuations and are very stable.

    As XRP’s volatility makes it an unsafe investment, cloud mining is becoming a refuge for savvy traders seeking long-term stable returns.

    Why traders favor cloud mining over trading
    Traditional cryptocurrency trading is hectic, unstable, and time-consuming. Bear markets can wipe out all of the previous month’s gains in a matter of minutes, and inflation data only adds to the confusion. With cloud mining, however, investors can earn hands-free, guaranteed returns without having to constantly check charts.

    Cloud mining is simple — as easy as renting mining capacity from a place like DDB Miner and watching your crypto balance increase day after day. It’s the perfect alternative to the stressful, high-risk world of crypto trading.

    For those tired of market volatility, bot trading losses, and endless stop losses, cloud mining represents a worry-free way to generate crypto gains passively — without the stress.

    DDB Miner: The Cloud Mining Giant That Will Rule in 2025
    DDB Miner: is changing the face of cloud mining, offering investors a way to easily earn passive income without any technical knowledge. Founded in 2017, the company has gained worldwide recognition for the transparency, security, and high yields of its mining activities.

    With over 9.23 million registered members, DDB Miner leverages AI mining technology to maximize profits and minimize operational costs. Unlike traditional mining, which requires expensive hardware and electricity, DDB Miner takes care of everything for you, so you just sit back and collect your daily dividends.

    Making $10,000 a day is easier than you think!
    Imagine: waking up every morning with $10,000 more in your crypto wallet—without having to do anything. That’s life for DDB Miner investors, who earn a constant passive income through AI-driven cloud mining contracts.

    With a variety of contract types available, investors can start with $100 or invest more than $100,000. With DDB Miner’s top-of-the-line mining equipment, every investor gets the best mining efficiency, guaranteeing maximum returns.

    Unlike trading, where one mistake can ruin your portfolio, DDB Miner generates steady returns with instant withdrawals, so you always have control over your profits.

    How Bitcoin Mining Works and Why It’s Still Profitable
    Bitcoin mining is the lifeblood of the cryptocurrency world, with miners responsible for confirming transactions and securing the blockchain. However, traditional mining has become too expensive and complicated for the average investor.

    That’s where cloud mining comes into play. Investors don’t have to buy expensive hardware; they can simply rent mining power from industrial-scale mining farms like DDB Miner and get first-class infrastructure without the hassle of maintenance.

    With Bitcoin’s limited supply and rising mining difficulty, cloud mining remains one of the most profitable ways to earn BTC, and DDB Miner makes it easy for you to reap those gains.

    How to Get Started with DDB Miner in Minutes
    It’s never been easier to get started with DDB Miner cloud mining. Take these simple steps to start generating passive income today:

    Sign Up in Seconds: Head to the DDB Miner website and sign up
    Choose a Mining Plan: Choose from a number of lucrative mining contracts starting as low as $12.
    Deposit: Deposit funds into your account via USDT-TRC20, BTC, ETH, LTC, USDC, BNB, USDT-ERC20, BCH, DOGE, SOL (Solana), XRP or other leading cryptocurrencies.
    Start Mining: As soon as your contract is activated, your daily profits start rolling in.
    Withdraw at any time: Instantly withdraw your profits or reinvest for compound returns.
    One-click registration and app download – don’t let this opportunity slip away!
    DDB Miner is the future of passive crypto wealth, offering a high-yield, worry-free investment plan that’s better than trading in every way.

    Click the link below to download the official APP and register in one click!

    Register now and start earning daily profits!

    Media Contact:
    Katerina Audrey
    DDB Miner Media Relations
    Email: info@ddbminer.com

    Disclaimer: This press release is provided by DDB Miner. The statements, views, and opinions expressed in this content are solely those of the DDB Miner 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. 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.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/06623c0e-cec0-4617-a8d7-9f9b58ea5321
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c04f9a10-e79a-4b2e-ba27-e4bbf0f273e8
    https://www.globenewswire.com/NewsRoom/AttachmentNg/1038269f-cefd-4f96-83ee-b236da91b65d

    The MIL Network

  • MIL-OSI: Wrap Technologies Secures $5.8M in Private Placement of Securities

    Source: GlobeNewswire (MIL-OSI)

    TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it that it has executed a securities purchase agreement with certain investment partnerships affiliated with the Company and certain accredited and institutional investors in a private placement for the purchase and sale of (i) an aggregate of 3,216,666 shares of common stock of the Company, at a purchase price of $1.80 per share of common stock, and (ii) accompanying warrants to purchase 3,216,666 shares of common stock, for aggregate proceeds of approximately $5.8 million. The warrants will be immediately exercisable at an initial exercise price of $1.80 per share, subject to adjustment, and expire five years from the date of issuance.

    The closing of the private placement is subject to customary closing conditions and is expected to occur on or around February 28, 2025. The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.

    Key Financing Highlights:

    • Majority investment comes from investment partnerships affiliated with insiders and several existing investors.
    • Fuels go-to-market strategy for BolaWrap and Managed Safety and Response (MSR) Connected Ecosystem, both domestically and internationally.
    • Accelerates commitment to deliver Made-in-America end-to-end public safety solutions.
    • Bolsters a federal plan for Washington, DC presence.
    • Increasing investments in training and customer support to optimize BolaWrap programs.

    The securities the private placement offering were offered and sold in transactions exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Pursuant to a registration rights agreement, the Company has agreed to file a resale registration statement covering the securities described above.

    This press release is not an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Wrap Technologies, Inc.

    Wrap Technologies, Inc. (Nasdaq: WRAP) is a leading global provider of advanced public safety solutions, integrating ultramodern technology, cutting-edge tools, and comprehensive services to address the complex, modern day challenges facing public safety organizations around the world. Guided by a no-harm principle, Wrap is dedicated to developing groundbreaking solutions that empower public safety agencies to safeguard the communities they serve in a manner that fosters stronger relationships, driving safer outcomes, empowering public safety and communities to move forward together.

    Wrap’s BolaWrap® solution encompasses an innovative and patented hand-held remote restraint device, strategically engineered with Wrap’s no-harm guiding principle to proactively deter escalation by deploying a Kevlar® tether that safely restrains individuals from a distance. Combined with BolaWrap® training, certified by the esteemed International Association of Directors of Law Enforcement Standards and Training (IADLEST), Wrap enables officers from over 1000 agencies across the U.S. and 60 countries around the world, with the expertise to effectively use BolaWrap® as an early intervention measure, mitigating potential risks and injuries, averting tragic outcomes, with the goal to save lives with each wrap.

    Wrap Reality™, the Company’s advanced virtual reality training system, is a fully immersive training simulator and comprehensive public safety training platform that equips first responders with the discipline and practice to prevent escalation, de-escalate conflicts, and apply appropriate tactical use-of-force measures to better perform in the field. By offering a growing range of real-life scenarios, Wrap Reality™ addresses the dynamic nature of modern law enforcement situations for positive public safety outcomes, building safer communities one decision at a time.

    Wrap’s Intrensic solution is a comprehensive, secure and efficient body worn camera and evidence collection and management solution designed with innovative technology to quickly capture, safely handle, securely store, and seamlessly track evidence, all while maintaining full transparency throughout the process. With meticulous consolidation and professional management of evidence, confidence in law enforcement and the justice system soars, fostering trust and reliability in court outcomes. Intrensic’s efficient system streamlines the entire process seamlessly, empowering all public safety providers to focus on what matters, expediting justice with integrity.

    Connect with Wrap:
    Wrap on Facebook
    Wrap on Twitter
    Wrap on LinkedIn

    Trademark Information

    Wrap, the Wrap logo, BolaWrap®, Wrap Reality™ and Wrap Training Academy are trademarks of Wrap Technologies, Inc., some of which are registered in the U.S. and abroad.  All other trade names used herein are either trademarks or registered trademarks of the respective holders.

    Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
    This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “anticipate,” “should”, “believe”, “target”, “project”, “goals”, “estimate”, “potential”, “predict”, “may”, “will”, “could”, “intend”, and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Moreover, forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the private placement and the satisfaction of customary closing conditions related to the private placement, the anticipated use of proceeds therefrom, the Company’s ability to maintain compliance with the Nasdaq Capital Market’s listing standards; the Company’s ability to successfully implement training programs for the use of its products; the Company’s ability to manufacture and produce products for its customers; the Company’s ability to develop sales for its products; the market acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company’s product solutions; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the business impact of health crises or outbreaks of disease, such as epidemics or pandemics; the impact resulting from geopolitical conflicts and any resulting sanctions; the ability to obtain export licenses for counties outside of the United States; the ability to obtain patents and defend intellectual property against competitors; the impact of competitive products and solutions; and the Company’s ability to maintain and enhance its brand, as well as other risk factors mentioned in the Company’s most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    Investor Relations Contact:

    (800) 583-2652
    ir@wrap.com

    The MIL Network

  • MIL-OSI USA: Monday Morning Wins: Historic Investment, Border Security

    US Senate News:

    Source: The White House
    There’s nothing better than starting the week with a pair of major victories for the American people — all made possible by the leadership of President Donald J. Trump.
    Apple’s $500 billion investment: Apple CEO Tim Cook announced today that the company will invest $500 billion in the United States over the next four years amid President Trump’s tariffs push. The historic venture, which comes following Cook’s meeting with President Trump last week, will result in 20,000 new U.S.-based jobs and was immediately hailed as a “landmark” step in bringing back U.S. manufacturing.
    It’s another watershed moment in President Trump’s commitment to usher in the new Golden Age of America. In just over a month, President Trump has announced a $500 billion private sector investment for the largest artificial intelligence infrastructure project in history, a commitment by Saudi Arabia to invest $600 billion in the U.S. over the next four years, a $20 billion investment by DAMAC Properties to build new U.S.-based data centers, a pledge by Taiwan to boost U.S.-based investment, and a major investment by Nippon Steel. Mercedes-Benz also announced plans to “grow” its vehicle production in the U.S.
    Illegal immigrants turn around: New reporting says would-be illegal border crossers have “given up” and are returning to their own countries — citing the Trump Administration’s unprecedented crackdown on illegal immigration, including the shutdown of the “CBP One” app, as the driving factor.
    It’s a victory for national security after four years of open borders. In President Trump’s first month back in office, illegal border crossings hit lows not seen in decades — down 94% over last year, while interior arrests are up 134%.
    Promises made, promises kept.

    MIL OSI USA News

  • MIL-OSI Security: JTF-Bravo unveils new Combined Joint Operation Center

    Source: United States SOUTHERN COMMAND

    Joint Task Force-Bravo unveiled their new Combined Joint Operation Center in conjunction with a tabletop exercise where they worked with members from the Honduran air force, army, firefighters, Comisión Permanente de Contingencias, Forest Conservation Institute, Environmental Management Unit, and Friends of La Tigra Foundation, February 19, 2025.

    The CJOC was created to better streamline and facilitate communication between JTF-Bravo leaders and local agency leaders when a crisis arises. 
    “The Combined Joint Operation Center is a testament to our commitment to working side-by-side with our Honduran partners,” said U.S. Army Col. Daniel Alder, JTF-Bravo Commander. “This facility is a hub that allows us to plan and coordinate in response to crises, meaning we can react faster and more effectively, ultimately saving lives.”

    The exercise simulated a forest fire in La Tigra National, Northeast of Tegucigalpa, Honduras. Participants worked together to determine initial responses and how each agency would act as the crisis grew over time.

    Alongside the exercise, members from JTF-Bravo and the Honduran conducted academic training on a collapsible water-carrying device that is used in aerial firefighting. The device is suspended from a helicopter to pick up water and drop the water onto wildfires. This equipment is extremely valuable in this region as many locations are inaccessible via roads.

    With JTF-Bravo being the U.S. Southern Command’s regional rapid response force for humanitarian assistance and disaster relief missions and contingency response, the inception of the CJOC and this exercise are big steps towards JTF-Bravo and local agencies and military working together to better react during crises.

    MIL Security OSI

  • MIL-OSI Africa: Secretary-General’s remarks to Conference on Disarmament [as delivered]

    Source: United Nations – English

    xcellencies, distinguished delegates, ladies and gentlemen,

    I will start by apologizing for the fact that I will be extremely impolite.  I will speak and I will leave, which is something I hate to do, but I have a plane to catch.  So, my apologies for this horrible behaviour. 

    You come together at a time of grave global consequence.

    The bilateral and regional security arrangements that underwrote global peace and stability for decades are unravelling before our eyes. 

    Multilateral treaties are straining.

    International law is being trampled.

    And human rights are being undermined.

    Trust is sinking, while uncertainty, insecurity, impunity and military spending are all rising.

    And no one can be certain what comes next.

    All this is creating an environment in which the spirit of mutual restraint that helped provide for the possibility of stable security relations is coming undone.

    Excellencies,

    These challenges go to the heart of the purpose of the Disarmament Conference.

    The urgency to produce results remains crucial.

    Last month, the so-called doomsday clock moved one second closer to midnight.
    Some countries are investing in new nuclear weapons and their means of delivery.

    Others are expanding their inventories of nuclear weapons and materials.

    Some continue to rattle the nuclear sabre as a means of coercion.

    And we see signs of new arms races including in outer space.

    And the weaponization of Artificial Intelligence is moving forward at an alarming pace.

    But having said that, there are also signs of hope.

    Last September, world leaders gathered in New York and adopted the Pact for the Future.

    The Pact reconfirms a basic truth.

    The nuclear option is not an option at all.

    It’s a one-way road to annihilation.

    We need to avoid this dead-end at all costs. 

    In the first new nuclear disarmament agreement in more than a decade, Member States recommitted to nuclear disarmament — and to the final objective of complete disarmament.

    And they pledged to accelerate the full and effective implementation of nuclear disarmament and non-proliferation obligations and commitments.

    The Pact also determined to identify and hold accountable anyone who uses chemical or biological weapons and to strengthen measures to prevent non-state actors from acquiring weapons of mass destruction.

    And they agreed to advance further measures and international negotiations to prevent an arms race in outer space.

    Through the Pact, Member States also committed to revitalizing the role of the United Nations in disarmament.

    And that is your role.

    I know you are working to push this agenda forward — including by tackling some of the areas of greatest disagreement among Member States.

    The entire world is counting on you to deliver practical progress and action on your agenda items.  

    So I urge you to seize the fresh momentum provided by the Pact.

    To continue your vital reforms to this Conference’s work.

    To continue having the tough discussions that will lead to progress.

    And to develop concrete and practical steps that will bring us closer to a nuclear-free world and prevent the weaponization of outer space.

    And to strengthen the multilateral security architecture for the future.

    Excellencies,

    The United Nations will continue doing everything we can to support this process of reform and results.

    Humanity is counting on us to get this right.

    Let’s keep working to deliver the safe, secure and peaceful world that every person needs and deserves.

    And I thank you.
     

    MIL OSI Africa

  • MIL-OSI Europe: The EBA finds progress in availability and accessibility of data used to identify and qualify environmental, social and governance risks but data landscape remains incomplete

    Source: European Banking Authority

    The European Banking Authority (EBA) today published a Report assessing the availability and accessibility of data related to environmental, social and governance (ESG) risks as well as the feasibility of introducing a standardised methodology for identifying and qualifying credit exposures to such risks. The Report finds that while there have been significant improvements over the recent years on availability and accessibility of data, the ESG data landscape remains incomplete at this stage. Key policy initiatives such as the Corporate Sustainability Reporting Directive (CSRD) and the supporting European Sustainability Reporting Standards (ESRS), as well as further transparency in the methodologies of ESG scores and External Credit Assessment Institutions’ (ECAI) credit risk ratings, are expected to further improve this landscape and mitigate challenges.

    Credit institutions are increasingly assessing ESG risks, although progress differs across exposure classes. Data availability, quality and granularity remain among the most significant challenges in developing more advanced approaches.

    Methodologies are most mature in the assessment of transition risk in corporate portfolios, where the EBA has observed certain elements of standardisation, such as the use of sectoral classification, greenhouse gas emissions and transition plans of counterparties as the key sources of information.

    Similarly, the EBA has observed some degree of standardisation in methodologies for mortgage exposures, which are typically based on the geographical location and energy efficiency of the immovable property collateral.

    The methodologies are less mature for other exposure classes where the process of developing relevant methodologies to identify and assess ESG risks is still ongoing. The practices regarding the assessment of environmental risk other than climate, social and governance risks are still at an early stage and mostly qualitative.

    While there are emerging practices regarding the assessment of ESG risks, the progress to date on the assessment of how these risks affect the level of credit risk is limited. At this stage, only few institutions apply specific methods for measuring credit risk related to ESG factors, focusing mostly on climate risk. While governance aspects have traditionally been part of the assessment of credit risk, both by institutions and by ECAIs, there is little standardisation and the approaches are mainly qualitative, often based on expert judgement.

    Based on the market practices and the current data landscape, the EBA concludes that the feasibility of designing a standardised methodology differs greatly depending on the type of exposures and risks considered. While there have been developments in the identification and assessment of ESG risks, there is still insufficient understanding and evidence of their effective impact on credit risk parameters. Should regulatory efforts towards standardisation be pursued, a sequenced approach would most likely be necessary.

    Legal basis

    The EBA is mandated under letters (a) and (b) of Article 501c(1) of Regulation (EU) No 575/2013, i.e. the Capital Requirements Regulation (CRR), to assess:

    a) the availability and accessibility of reliable and consistent ESG data for credit risk exposure classes;

    b) the feasibility of introducing a standardised methodology to identify and qualify these exposures, based on a common set of principles to ESG risk classification, and using the information available from sustainability disclosure frameworks, the guidance and conclusions coming from supervisory stress-testing or scenario analysis of climate-related financial risks, and the relevant ESG score of the credit risk rating by a nominated ECAI.

    MIL OSI Europe News

  • MIL-OSI Economics: A fantastic example of AI’s impact on agriculture. Learn more here.

    Source: Microsoft

    Headline: A fantastic example of AI’s impact on agriculture. Learn more here.

    Satya Nadella, It is great to learn AI is helping even a small farmer and Deep Seek saves costs to that small farmer. If you want to invest the money saved from Deep Seek, the most strategic move would be to decarbonize your AI data centers—turning cost savings into long-term value creation. We are happy to share unique and practically applicable knowledge on how to cost-efficiently decarbonize AI data centers, maximize water savings, and align your operations with global ESG standards. By integrating Tangible Natural Capital, you can secure your investment with real, asset-backed value, while also unlocking new revenue streams through carbon credits, biodiversity units, and energy efficiency gains. This approach not only ensures financial resilience and sustainability but also strengthens your ESG credibility, enabling you to claim leadership in inclusivity, diversity, and gender equality opportunities. Let’s transform AI data centers into climate-positive assets and position them at the forefront of sustainable AI innovation. Claudia Pinto Irina Duisimbekova Alexandre Katrangi Dr. Hubert Danso Conscious Planet

    MIL OSI Economics

  • MIL-OSI Security: AFSOUTH Foreign Liaison Officers Tour AFTAC WC-135

    Source: United States SOUTHERN COMMAND

    Air Forces Southern Foreign Liaison Officers (FLO) toured a WC-135 Constant Phoenix aircraft Feb. 13, 2025, at Davis-Monthan Air Force Base to strengthen military partnerships and enhance regional security cooperation.

    The officers, who represent air forces from six South American nations, were given the opportunity to get a firsthand look and talk to aircrew about the aircraft’s capabilities and its role in nuclear-treaty monitoring, reinforcing transparency and collaboration in countering nuclear threats.

    “The opportunity to engage with our partners and share the capabilities of the WC-135 reinforces our commitment to regional security and transparency,” said U.S. Air Force Lt. Col. Jacob English, Chief, Theater Security Cooperation Plans and Programs. “I think it is very important for FLOs to have the opportunity to experience the aircraft firsthand and speak with the operators.

    The FLOs who represent Colombia, Peru, Brazil, Chile, Argentina, and Ecuador gained insight into the aircraft’s mission and capabilities, fostering stronger ties to support future collaborations in detecting and deterring nuclear threats in the region.

    “Our Air Force has a nuclear mission, and for our partners, understanding the mission of this aircraft and its collection requirements is crucial” added English. “We need baseline data—if something were to happen in the region and we don’t have that baseline, there’s nothing to compare it to.”

    The WC-135, which traveled from the 45th Reconnaissance Squadron at Offutt Air Force Base, Nebraska, plays a critical role in nuclear treaty monitoring by collecting airborne effluents and particulates.

    “The WC-135 mission was very interesting,” said Brazilian air force Col. Leonardo Macedo, Foreign Liaison Officer and fighter pilot. I didn’t know much about it before, but it plays a crucial role—especially in demystifying or preventing misunderstandings that have happened in the past. I think it’s an important mission. I don’t know of many other squadrons around the world that perform this type of mission, one that actively contributes to a safer environment for everyone.”

    “At the beginning of our briefing, the presenters used the word ‘transparency,’ and I believe that is one of the most important aspects of building strong relationships” said Macedo. “As nations, we share the same objectives, so when we have the opportunity to be invited to see more assets in the inventory and learn about the U.S. Air Force mission, it strengthens our relationship. We can take this information back to our country, better understand U.S. operations, and see how these efforts contribute to building stronger partnerships.”

    FLOs serve as key representatives of their home nations’ air forces within Air Forces Southern, the air component of U.S. Southern Command. They facilitate communication, coordination, and cooperation between the U.S. and partner nations, strengthening military relationships and enhancing regional security efforts.

    “I think it was a wonderful opportunity to learn more about the U.S. Air Force,” said Macedo. “Coming from the crew perspective, it’s easy for us to connect, understand, and see future interactions.”

    “At the end of the day, we now have a better understanding of the U.S. Air Force mission” added Macedo. “It’s not so different from ours, despite the specialization in aviation–we share the same goals and objectives, and this was a great opportunity.”

    The Air Force Technical Applications Center routinely conducts air sampling missions worldwide and is actively working with the U.S. State Department and combatant commands to expand its reach in Central and South America. Strengthening these partnerships ensures a shared understanding of capabilities and enhances cooperation in monitoring nuclear activity.

    During their visit, the FLOs also toured a HC-130J Combat King II and EC-130H Compass Call, further broadening their awareness of U.S. Air Force operations and capabilities.

    “Beyond understanding the mission sets of these aircraft, this was also an opportunity to strengthen relationships,” said English. “Meeting the operators and technicians who perform this mission, interacting with AFSOUTH personnel, and engaging with one another reinforces our partnership. We are all in this together, facing common threats, and teamwork is essential.”

    This hands-on immersion provided valuable background and broadened perspectives on USAF capabilities, reinforcing the U.S. military’s ongoing commitment to fostering international cooperation and ensuring security and stability in the SOUTHCOM region.

    MIL Security OSI

  • MIL-OSI Security: U.S. Military Launches LAMAT ‘25 to Strengthen Readiness, Global Partnerships

    Source: United States SOUTHERN COMMAND

    A Global Health Engagement mission led by U.S. Air Forces Southern, is set to launch its third iteration encompassing four partner nations Feb. 24 – April 11, 2025.

    The Lesser Antilles Medical Assistance Team (LAMAT) 2025, led by AFSOUTH Surgeon General, will embed Air Force Reserve Command medical personnel within host nation hospitals and clinics across the Lesser Antilles region and Guyana. These Global Health Engagements enhance military readiness, strengthen partner nation healthcare systems, and foster resilience through expertise sharing and collaboration with local providers.

    “LAMAT is about building lasting partnerships through medical collaboration,” said Lt. Col. Aaron Goodrich, AFSOUTH deputy command surgeon and lead planner for LAMAT. “By working side-by-side with our host nation counterparts, we aim to enhance interoperability and strengthen our collective ability to respond to medical challenges, whether they stem from natural disasters, public health emergencies or everyday patient care.”

    The mission involves approximately 240 military personnel, including 180 medical professionals partnering with local providers to deliver specialized care and build a long-term healthcare capacity.

    Throughout the exercise, U.S. and partner nation medical professionals will focus on a range of specialties tailored to the specific needs of each location identified by the respective Ministries of Health. In Saint Lucia, teams will focus on vascular, oral surgeries, and general surgery and anesthesia including mass casualty response knowledge exchanges. While in Saint Vincent and the Grenadines, the focus will shift to primary care, vascular, ENT, neurology and anesthesia.

    The mission will then shift to Saint Kitts and Nevis, where teams will collaborate with local hospitals on emergency medicine, diabetes education and audiology procedures. Finally, in Guyana, medical personnel will collaborate on dental, emergency medicine and ophthalmology.

    “This is a newer way of doing global health engagement,” said Col. Brian Gavitt, AFSOUTH command surgeon. “Instead of setting up a tent in competition with healthcare systems, each one of these missions in LAMAT were requested by the country. The Ministry of Health reached out and said, ‘Can you come and do something?’ We are tailoring what capabilities we bring to their needs.

    “This is operationally relevant readiness,” Gavitt added. “We are leveraging our readiness requirements to build resilience in an area that struggles with natural disasters. We’re not just filling a few cavities—we’re fixing medical equipment, enhancing capabilities and improving healthcare infrastructure in meaningful ways.”

    Government and healthcare leaders in the participating nations have welcomed the initiative, recognizing its long-term impact on healthcare capacity and crisis response.

    “The Ministry of Health (MOH), St Kitts & Nevis thank the AFSOUTH for the successful execution of the LAMAT Mission in 2024,” said Dr. Hazel Laws, St Kitts & Nevis Ministry of Health chief medical officer. “The visiting team of doctors, dentists, nurses and allied health professionals conducted approximately 2,261 procedures and over 1,300 patients benefited from the health services offered in collaboration with local health personnel. Almost 200 persons benefited from hearing aids allowing them to better appreciate their environment. Overall, the National Health System was strengthened through knowledge transfer and acquisition of medical supplies and equipment.”

    “On behalf of the MOH and Government of St. Kitts & Nevis, I extend profound thanks to the AFSOUTH for this collaborative effort. We look forward to the implementation of the LAMAT 2025 mission which we anticipate will impact more persons.”

    LAMAT is part of AFSOUTH’s broader commitment to regional security cooperation and humanitarian assistance, reinforcing the ability of partner nations to respond to public health emergencies and natural disasters.

    The kickoff ceremony in Saint Lucia will mark the official start of the mission, with medical operations set to begin immediately after.

    “This exercise is more than just medial readiness—it’s about building lasting partnerships and strengthening healthcare systems across the region,” said Gavitt. “By embedding our teams within host nation facilities, we are able to exchange knowledge, improve interoperability, and enhance readiness on both sides. Medical readiness isn’t just about preparing for conflict; it’s about ensuring we can respond effectively to humanitarian crises, pandemics and natural disasters.”

    The dual-purpose mission not only helps local healthcare systems but also prepares U.S. military personnel for real-world deployment scenarios. LAMAT 25 offers unique hands-on training opportunities for reservists and active-duty service members, particularly in treating tropical diseases and operating in austere conditions.

    “Our reserve components are coming down to accomplish skills that they don’t get in their regular duties,” Gavitt added. “This mission ensures they are ready to deploy to any location if needed in the future.”

    By partnering with host-nation physicians, they can enhance medical capabilities while reducing the burden on local healthcare systems.

    “If we bring a provider to work alongside yours, side-by-side for two weeks just doing that piece develops a skill set that endures,” Gavitt said. “Once you’re a practicing physician, you don’t get a whole lot of time to learn new skills, so what we can do is pair folks up, work together, and develop new expertise that will benefit these communities long after we leave.”

    Beyond direct patient care, biomedical equipment repair technicians (BMET) are also deployed as part of LAMAT ‘25 to repair critical hospital equipment, restoring functionality to facilities that may struggle with outdated or broken machinery.

    One key success from a past mission was in Guyana, where U.S. personnel trained local youth to become medical equipment repair technicians.

    “That kind of impact endures far beyond the mission itself. When we went on the site survey, we found they had developed their skills, and now they have four or five guys who are repair technicians,” Goodrich said. “That’s the kind of lasting impact we aim for.”

    LAMAT ‘25 also reinforces U.S. commitment to partner nations, particularly in regions vulnerable to natural disasters and health crises.

    For the first time, medical readiness will be tracked in real-time using the Medical Currency Application for Readiness Tracking (MCART). The system allows AFRC medical personnel to log procedures performed, patient care data, and skills acquired, ensuring their experiences contribute to future deployment qualifications.

    A live dashboard will provide ongoing updates, detailing the number of patients treated, medical equipment repaired, and training hours completed—an instrumental tool in assessing the mission’s impact and guiding future engagements.

    “You’ll be able to look in real-time,” Goodrich said. “There’s a value calculated from these things, the number of hours worked, and readiness requirements by type and provider. This information will be essential for tracking the effectiveness of LAMAT 25.”

    All involved agree LAMAT ‘25 is a win-win scenario, benefiting both U.S. military personnel and partner nations. The mission enhances medical readiness and strengthens partnerships while improving healthcare infrastructure in underserved areas.

    For more information about this global health engagement, visit the LAMAT DVIDS Page, https://www.dvidshub.net/feature/LAMAT25.

    MIL Security OSI

  • MIL-OSI: BexBack Launches U-Based Leverage Trading with 25x to 100x Leverage, Adds 45 New Trading Pairs and Double Deposit Bonus No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 24, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    In addition to 100x leverage, BexBack is offering new U-based leverage trading options with 25x, 50x, and 75x leverage, giving traders greater flexibility to manage risk while maximizing potential returns. The platform has also added 45 new popular trading pairs, expanding the range of assets available to trade, creating more opportunities for strategic investment.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50 other major cryptocurrencies for futures contracts.. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. 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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4110cea-b777-4e8a-a7eb-a18dd12391f9

    https://www.globenewswire.com/NewsRoom/AttachmentNg/adc5f0e3-e140-4b4a-9027-4bd52b34fb95

    https://www.globenewswire.com/NewsRoom/AttachmentNg/44223717-8017-48e3-8f16-cc79ec9de8b0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6fa2fed7-ca6f-4ecb-82e0-464a07c6f8bb

    The MIL Network

  • MIL-OSI: Telnyx unveils Voice AI: The future of human-like conversations at scale

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Feb. 24, 2025 (GLOBE NEWSWIRE) — AI-powered voice interactions are advancing quickly, and Telnyx Voice AI is leading the way. Telnyx Voice AI is redefining the way businesses engage with customers, delivering real-time, intelligent, and ultra-natural voice conversations that feel just like talking to a human.

    Until now, voice automation has been plagued by delays, robotic speech, and a lack of real intelligence. Telnyx Voice AI changes that by combining cutting-edge AI voice synthesis, real-time streaming, and a global, private IP network, ensuring ultra-low latency and hyper-realistic conversations. Unlike fragmented solutions, Telnyx takes a full-stack approach to conversational AI, offering businesses all the essential building blocks—voice infrastructure, AI-driven automation, and real-time connectivity—to create custom, scalable voice AI solutions from the ground up.

    What can businesses do with Voice AI?

    • Automate customer support – Deploy AI agents that respond instantly and resolve issues in real-time.
    • Enhance IVR and call routing – Guide customers efficiently with intelligent, context-aware voice interactions.
    • Boost sales and engagement – Power AI-driven outbound calls for follow-ups, reminders, and personalized outreach.
    • Enable conversational commerce – Let customers book, buy, and inquire using natural, human-like voice AI.

    Unlike other AI solutions that struggle with delays and disjointed conversations, Telnyx Voice AI is built from the ground up for real-time speech processing—meaning zero awkward pauses, just smooth, seamless conversations. And because it runs on Telnyx’s private global infrastructure, it’s more reliable, scalable, and cost-efficient than other cloud-based providers.

    “AI-powered voice is the future of customer interactions, and with Telnyx Voice AI, that future is here,” said Ian Reither, COO at Telnyx. “Businesses can now automate real-time, human-like conversations at scale without the delays, robotic tone, or high costs of traditional solutions. We’ve built a powerful, flexible AI voice platform so companies can create seamless, intelligent voice experiences like never before.”

    With Telnyx Voice AI, the future of voice automation isn’t just smarter—it’s more human. Experience Telnyx Voice AI today: https://telnyx.com/voice-ai

    For media inquiries, please contact:
    Telnyx Media Relations
    press@telnyx.com

    The MIL Network

  • MIL-OSI United Nations: Secretary-General’s remarks to Conference on Disarmament [as delivered]

    Source: United Nations secretary general

    Excellencies, distinguished delegates, ladies and gentlemen,

    I will start by apologizing for the fact that I will be extremely impolite.  I will speak and I will leave, which is something I hate to do, but I have a plane to catch.  So, my apologies for this horrible behaviour. 

    You come together at a time of grave global consequence.

    The bilateral and regional security arrangements that underwrote global peace and stability for decades are unravelling before our eyes. 

    Multilateral treaties are straining.

    International law is being trampled.

    And human rights are being undermined.

    Trust is sinking, while uncertainty, insecurity, impunity and military spending are all rising.

    And no one can be certain what comes next.

    All this is creating an environment in which the spirit of mutual restraint that helped provide for the possibility of stable security relations is coming undone.

    Excellencies,

    These challenges go to the heart of the purpose of the Disarmament Conference.

    The urgency to produce results remains crucial.

    Last month, the so-called doomsday clock moved one second closer to midnight.
    Some countries are investing in new nuclear weapons and their means of delivery.

    Others are expanding their inventories of nuclear weapons and materials.

    Some continue to rattle the nuclear sabre as a means of coercion.

    And we see signs of new arms races including in outer space.

    And the weaponization of Artificial Intelligence is moving forward at an alarming pace.

    But having said that, there are also signs of hope.

    Last September, world leaders gathered in New York and adopted the Pact for the Future.

    The Pact reconfirms a basic truth.

    The nuclear option is not an option at all.

    It’s a one-way road to annihilation.

    We need to avoid this dead-end at all costs. 

    In the first new nuclear disarmament agreement in more than a decade, Member States recommitted to nuclear disarmament — and to the final objective of complete disarmament.

    And they pledged to accelerate the full and effective implementation of nuclear disarmament and non-proliferation obligations and commitments.

    The Pact also determined to identify and hold accountable anyone who uses chemical or biological weapons and to strengthen measures to prevent non-state actors from acquiring weapons of mass destruction.

    And they agreed to advance further measures and international negotiations to prevent an arms race in outer space.

    Through the Pact, Member States also committed to revitalizing the role of the United Nations in disarmament.

    And that is your role.

    I know you are working to push this agenda forward — including by tackling some of the areas of greatest disagreement among Member States.

    The entire world is counting on you to deliver practical progress and action on your agenda items.  

    So I urge you to seize the fresh momentum provided by the Pact.

    To continue your vital reforms to this Conference’s work.

    To continue having the tough discussions that will lead to progress.

    And to develop concrete and practical steps that will bring us closer to a nuclear-free world and prevent the weaponization of outer space.

    And to strengthen the multilateral security architecture for the future.

    Excellencies,

    The United Nations will continue doing everything we can to support this process of reform and results.

    Humanity is counting on us to get this right.

    Let’s keep working to deliver the safe, secure and peaceful world that every person needs and deserves.

    And I thank you.
     

    MIL OSI United Nations News

  • MIL-OSI: CoinShares Confirms Zero Exposure to Bybit Exchange

    Source: GlobeNewswire (MIL-OSI)

    24th February 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global investment company specialising in digital assets, today confirms that it has no exposure to the Bybit exchange.

    ABOUT COINSHARES

    CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com 

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    press@coinshares.com

    The MIL Network

  • MIL-OSI Global: Africa relies too heavily on foreign aid for health – 4 ways to fix this

    Source: The Conversation – Africa – By Francisca Mutapi, Professor in Global Health Infection and Immunity. and co-Director of the Global Health Academy, University of Edinburgh

    There’s been a global trend in the reduction of aid to Africa since 2018. Donors are shifting their funding priorities in response to domestic and international agendas. Germany, France and Norway, for instance, have all reduced their aid to Africa in the past five years. And, in 2020, the UK government reduced its Overseas Development Aid from 0.7% of gross national income to 0.5%.

    Many health services across the African continent rely heavily on overseas aid to provide essential care. International funding supports everything from vaccines and HIV treatment to maternal health programmes.

    Cuts to aid, particularly unilateral ones, can have widespread implications. For instance, about 72 million people missed out on treatment for neglected tropical diseases between 2021 and 2022 due to UK aid cuts.

    The freeze of US aid to Africa in January 2025 is the latest in this trend. It’s already having significant and wide-ranging impacts across the African continent. For example, vaccination campaigns for polio eradication and HIV/Aids treatment through the President’s Emergency Plan for AIDS Relief (Pepfar) have been stopped. This puts millions of lives at risk. In South Africa alone, the cut of Pepfar’s US$400 million a year to HIV programmes risks patients defaulting on treatment, infection rates going up and eventually a rise in deaths.

    President Donald Trump’s actions have highlighted Africa’s reliance on foreign aid for health funding. I’m a global health expert who sits on various funding and advisory boards, including those of the World Health Organization (WHO), the UK government and boards of global resource mobilisation organisations. I am well aware of the competing funding priorities for international funders and have long advocated for local, sustainable health funding mechanisms.

    Long-term strategies to reduce aid dependency are critical. Breaking away from this current funding status requires concerted efforts building on proven best practice.




    Read more:
    How nonprofits abroad can fill gaps when the US government cuts off foreign aid


    Country-leadership and ownership

    African countries currently face the unique challenge of simultaneously dealing with high rates of communicable diseases, such as malaria and HIV/Aids, and rising levels of non-communicable diseases, such as cardiovascular diseases and diabetes.

    But Africa’s health systems are not sufficiently resourced. They’re not able to provide appropriate, accessible and affordable healthcare to address these challenges.

    African governments spend less than 10% of their GDP on health, amounting to capital expenditure of US$4.5 billion. This falls short of the estimated US$26 billion annual investment needed to meet evolving health needs.

    Aid goes towards filling this funding gap. For example, in 2021, half of sub-Saharan African countries relied on external financing, such as grants and loans, for more than one-third of their health expenditures.

    Foreign aid has helped. But it clearly leaves African countries vulnerable to the political mood swings among funders.

    It also leads to loss of self-determination in terms of health priorities as, ultimately, the funder determines the health priorities. This is one reason why many programmes in Africa focus on a single disease, such as HIV. This leads to poorly integrated health services. For instance health workers or services are channelled into managing a single disease.

    New, underutilised financing options

    The current trajectory of reduced aid to Africa is likely to continue. Global aid is being directed to other challenges, such as conflict and illegal immigration.

    The continent cannot continue on the same path while hoping for different outcomes. Africa needs to grow a range of immediately available domestic financing options. Many of these are underutilised and include:

    1.) Diversifying domestic resource mobilisation. This should include commodity taxation to fund health. For instance, tobacco taxes which are currently underutilised in Africa.

    Zimbabwe offers a successful example. It has bridged donor resource gaps through its 3% Aids levy (started in 1999). Imposed on both individual and corporate incomes, it funds domestic HIV/Aids prevention, care and treatment programmes.

    Nigeria’s another country that’s taken initiative, prioritising domestic budget allocation to health. It recently absorbed the 28,000 healthworkers formerly paid by USAid. This demonstrates that domestic health financing in Africa is possible.

    2.) More private-public partnerships. Formed between local and international philanthropies or institutions, these can bridge financing gaps.

    One successful example is the 2015 health service provision partnership between the Kenyan government and GE Healthcare. GE Healthcare provides radiography equipment and services which the government pays for over time. This allows the government to budget and plan healthcare expenditure over several years.

    3.) Promotion of regional integration to boost local production. This will reduce the need for aid-funded imported medical products.

    For instance, the African Union’s harmonised Africa Medicines Authority registration facility creates a single continental market for medicines. This supports local producers and exporters, by allowing them to operate on a larger scale. It also makes production and distribution more cost-effective. Finally, it reduces the reliance on imported medicines, strengthening Africa’s pharmaceutical industry.

    4.) Leverage development finance institutions. These are specialised financial organisations – such as the Africa Development Bank, African Export-Import Bank and the Development Bank of Southern Africa. They can provide capital and expertise to projects deemed too risky for traditional investors. This includes support for health financing for infrastructure development, private sector development for small and medium-sized enterprises and the regional integration.

    One transformative initiative is the AfricInvest investment platform. With support from development finance institutions in the US and Europe, AfricInvest has raised over US$100 million for health investment in Africa. It has funded at least 45 dialysis facilities in Africa, delivering over 130,000 dialysis sessions annually, primarily to remote and underserved communities all at affordable costs.

    A combination of these approaches at national, regional and continental level will accelerate Africa’s withdrawal from aid dependency.

    Francisca Mutapi receives funding from the Aspen Global Innovation Programme, Scottish Funding Council funding to the University of Edinburgh, Academy of Medical Sciences, British Academy and the Royal Society. Francisca Mutapi is the Deputy Director of the Tackling Infections to Benefit Africa (TIBA) Partnership and Deputy Board Chair of Uniting to Combat NTDS. She sits on the UK Foreign, Commonwealth & Development Office (FCDO) and WHO Africa Regional Director’s Scientific Advisory Groups.

    ref. Africa relies too heavily on foreign aid for health – 4 ways to fix this – https://theconversation.com/africa-relies-too-heavily-on-foreign-aid-for-health-4-ways-to-fix-this-249886

    MIL OSI – Global Reports