NewzIntel.com

Category: Trade

  • MIL-OSI China: China’s second-hand cars speed into Belt and Road markets, with Sichuan fair sealing major deals

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

    China’s second-hand car exports to Belt and Road partner countries are surging, with deals worth over 1 billion yuan (about 139 million U.S. dollars) at a trade event held on Wednesday in Chengdu, capital of southwest China’s Sichuan Province, underscoring rising global demand for China’s quality used cars at competitive prices.

    The growth follows China’s full opening of used car exports in March 2024, accelerating access to Belt and Road markets where auto consumption is growing, as highlighted at the First Sichuan Used Car Export Supply-Demand Matchmaking Conference, which drew nearly 40 trade groups and buyers from 10 countries including Russia, Iran, Vietnam and Nigeria.

    “Buyers arrived with clear purchase needs,” said Huang Ruoyu, who oversees the used car export branch at the China Automobile Dealers Association, adding that Belt and Road partner countries now experiencing auto market upgrades increasingly favor China’s cost-effective offerings.

    Georgii Ruabtsev, vice president of the Russian-Asian Union of Industrialists and Entrepreneurs, called the event a “bridge” for global demand, while proposing a joint China-Russia used car trading platform.

    Iman Ashtari Talkhestani, representing Iran’s Tehran Car Dealers and Exhibitions Union, emphasized investment opportunities by noting that Iran’s used car market is growing rapidly and promising strong returns in the short and long term.

    Sichuan exported over 10,000 used cars worth 1.4 billion yuan from January to April 2025, a 32 percent increase year on year, according to Qiao Fang, deputy head of the Sichuan Provincial Department of Commerce, who added that used car exports have become Sichuan’s new trade growth engine.

    The province also released an overseas cooperation opportunity list and an industry self-discipline convention at the conference, while setting up contact centers in six countries to drive sustainable global supply chains.

    China has launched exports of second-hand cars in May 2019, with an expansion in late 2022 that allowed Sichuan to conduct exports of second-hand cars. 

    MIL OSI China News –

  • MIL-OSI USA: Attorney General Bonta Celebrates Decision Halting All Illegal Tariffs Under IEEPA

    Source: US State of California

    Wednesday, May 28, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND — California Attorney General Rob Bonta today issued a statement after a three-judge panel of the Court of International Trade granted a permanent injunction and found that the International Emergency Economic Powers Act (IEEPA) does not authorize President Trump’s tariffs in Oregon v. Trump, a lawsuit challenging the Trump Administration’s illegal tariffs brought by 12 attorneys general in the Court of International Trade. In April, California filed its own separate lawsuit challenging President Trump’s illegal tariffs under IEEPA in the U.S. District Court for the Northern District of California.  

    “The Trump Administration’s illegal tariffs harm businesses, consumers, and states across the nation and it is our responsibility as state leaders to advocate and defend our people against this chaos — this is exactly what California’s sister states have done with this case,” said Attorney General Bonta. “The Court of International Trade has agreed with our sister states and with California and permanently halted the President’s illegal tariffs — IEEPA does not authorize the Trump Administration to impose these tariffs. We are pleased with the court’s decision in this case and are proud to have supported our sister states’ arguments.”

    This month, Attorney General Bonta and Governor Newsom filed an amicus brief in the Court of International Trade in Oregon v. Trump. 

    To learn more about California’s own lawsuit, please see here.

    # # #

    MIL OSI USA News –

  • MIL-OSI China: Chinese FM meets with guests from Pacific Island countries

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

    Chinese Foreign Minister Wang Yi on Wednesday held individual meetings with foreign guests attending the Third China-Pacific Island Countries Foreign Ministers’ Meeting in Xiamen, east China’s Fujian Province.

    When meeting with Kiribati’s President and Foreign Minister Taneti Maamau, Wang conveyed Chinese President Xi Jinping’s sincere greetings and best wishes.

    Wang noted that bilateral ties between China and Kiribati have developed rapidly and achieved fruitful results in various fields since the resumption of diplomatic relations more than five years ago. He said China appreciates Kiribati’s firm adherence to the one-China principle and is willing to work with Kiribati to continue pushing bilateral ties forward.

    Maamau said that Kiribati adheres firmly to the one-China policy, and looks forward to strengthening cooperation with China in areas such as people-to-people and cultural exchange, medical and health care, infrastructure, sister-city exchange, the marine economy and climate change.

    When meeting with Niue’s Premier and Foreign Minister Dalton Tagelagi, Wang said relations between China and Niue have become a model of equality and common development for countries of all sizes. He called on both countries to enhance cooperation in areas such as infrastructure, green development and climate change.

    Tagelagi said that Niue values its relations with China and the close friendship between their two peoples, and supports the three major global initiatives proposed by China, as well as the high-quality joint construction of the Belt and Road.

    Niue is ready to continue promoting the development of the South Pacific region in the spirit of mutual respect, Tagelagi said.

    When meeting with Tonga’s Crown Prince and Minister for Foreign Affairs Tupouto’a ‘Ulukalala, Wang conveyed Xi’s cordial greetings to Tongan King Tupou VI.

    Wang said that China supports Tonga firmly in safeguarding its sovereignty, security and development interests, appreciates Tonga’s adherence to the one-China principle, and is willing to work with Tonga to implement the important consensus reached between the leaders of the two countries.

    Tupouto’a ‘Ulukalala said that Tonga has always adhered firmly to the one-China policy and is willing to enhance its exchange of ideas with China, and to promote practical cooperation in such fields as health care and education. Tonga has a high appreciation for the concrete measures China has taken to assist Pacific Island countries in dealing with climate change, he added.

    When meeting with Solomon Islands’ Minister for Foreign Affairs and External Trade Peter Shanel Agovaka, Wang said that China is willing to join hands with Solomon Islands to uphold multilateralism, safeguard the basic norms of international relations, and uphold international fairness and justice.

    China supports Solomon Islands in its hosting of the 54th Pacific Islands Forum Leaders Meeting this year, Wang said, expressing the hope that both countries will seize the opportunities the meeting presents and work together to promote development.

    Agovaka said that Solomon Islands firmly opposes “Taiwan independence” and supports the efforts of the Chinese government to achieve national reunification.

    Solomon Islands looks forward to strengthening its practical cooperation with China in areas such as education, policing, medical and health care, and cultural protection, Agovaka said.

    When meeting with the Cook Islands’ Minister for Foreign Affairs and Immigration Tingika Elikana, Wang said that China has always attached great importance to its relations with the Cook Islands, and supports the Cook Islands in safeguarding its national sovereignty and in choosing a development path suited to its national conditions independently.

    China is willing to work with the Cook Islands to uphold the principle of common but differentiated responsibilities, and to build a fair, reasonable, cooperative and win-win global climate governance system, Wang said.

    Elikana said that the Cook Islands will firmly adhere to the one-China principle, adding that the foreign ministers’ meeting between China and Pacific Island countries has created an opportunity to deepen cooperation between the two sides and strengthen the unity of the island countries, and that the Cook Islands is in firm support of this. 

    MIL OSI China News –

  • MIL-OSI: Houston American Energy Corp. Announces 1-for-10 Reverse Stock Split

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, May 28, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) announced today that its Board of Directors approved a reverse stock split of the Company’s common stock at a ratio of 1-for-10. The reverse stock split is intended to increase the market price per share of the Company’s common stock and help the Company satisfy the initial listing requirements of the New York Stock Exchange American (the “NYSE”) in connection with the closing of HUSA’s previously announced acquisition of Abundia Global Impact Group, LLC (“AGIG”).

    On April 24, 2025, at the Company’s special meeting of stockholders, the Company’s stockholders approved a reverse stock split of the Company’s common stock at a ratio in the range of 1-for-5 to 1-for-60, with such ratio to be determined by the Company’s Board of Directors. The reverse stock split is expected to be effective after market close on June 6, 2025 (the “Effective Time”) and the Company’s common stock will begin trading on a split-adjusted basis on the NYSE at the market open on June 9, 2025.

    At the Effective Time, every 10 issued and outstanding shares of the Company’s common stock will be converted into one share of the Company’s common stock. Once effective, the reverse stock split will reduce the number of issued and outstanding shares of common stock from approximately 15,686,533 to approximately 1,568,653 shares.

    Each stockholder’s percentage ownership interest in the Company will remain unchanged as a result of the reverse stock split. No fractional shares shall be issued in connection with the reverse stock split, and any fractional shares resulting from the reverse stock split will be rounded up at the participant level with The Depository Trust Company. Each certificate that immediately prior to the Effective Time represented shares of common stock shall thereafter represent that number of shares of common stock into which the shares of common stock represented by the certificate shall have been combined, subject to the elimination of fractional share interests as described above. Holders of the Company’s common stock held in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse stock split. Stockholders of record will be receiving information from Standard Registrar & Transfer Co., Inc., the Company’s transfer agent, regarding their stock ownership following the reverse stock split.

    The reverse stock split will not modify any rights or preferences of the Company’s common stock. The trading symbol for the Company’s common stock will remain “HUSA.” The new CUSIP number for the Company’s common stock following the reverse stock split will be 44183U 308.

    Additional information about the reverse stock split can be found in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (the “SEC”) on April 11, 2025, a copy of which is also available at www.sec.gov or at www.houstonamerican.com under the SEC Filings tab located in the Reports and Filings page.

    About HUSA

    HUSA is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Our principal properties, and operations, are in the U.S. Permian Basin. Additionally, we have properties in the Louisiana U.S. Gulf Coast region. For more information, please visit: https://houstonamerican.com/

    Important Information About the Proposed Acquisition and Where to Find It

    This press release relates to the previously announced proposed acquisition of Abundia Global Impact Group, LLC (“AGIG”), pursuant to the share exchange agreement, dated as of February 20, 2025, by and among HUSA and AGIG (the “Proposed Acquisition”). For additional information on the Proposed Acquisition, see HUSA’s Current Report on Form 8-K, filed on February 24, 2025, as well as the proxy statement dated April 11, 2025, that was delivered to HUSA’s stockholders as of the applicable record date established for voting on the Proposed Acquisition. HUSA also will file other documents regarding the Proposed Acquisition with the SEC.

    Investors and stockholders of HUSA are urged to carefully read the entire proxy statement and any other relevant documents filed with the SEC, as well as any amendments or supplements thereto, because they will contain important information about the Proposed Acquisition. The documents filed by HUSA with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, or by directing a request to HUSA at 801 Travis Street, Suite 1425, Houston, Texas 77002.

    Cautionary Note Regarding Forward-Looking Information:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of, and subject to the safe harbor created by, Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995, which are referred to as the “safe harbor provisions.” Statements contained or incorporated by reference in this press release that are not historical facts are forward-looking statements, including statements regarding HUSA’s or AGIG’s business and future financial and operating results, and other aspects of HUSA’s or AGIG’s operations or operating results. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “target,” “project,” and similar phrases that denote future expectations or intent regarding HUSA’s or AGIG’s financial results, operations, and other matters are intended to identify forward-looking statements that are intended to be covered by the safe harbor provisions. Investors are cautioned not to rely upon forward-looking statements as predictions of future events. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause future events to differ materially from the forward-looking statements in this press release including:

    • risks relating to fluctuations of the market value of common stock, including as a result of uncertainty as to the long-term value of the common stock of HUSA or as a result of broader stock market movements;
    • the occurrence of any event, change, or other circumstances that could give rise to the termination of the Share Exchange Agreement;
    • failure to attract, motivate and retain executives and other key employees;
    • disruptions in the business of HUSA or AGIG, which could have an adverse effect on their respective businesses and financial results;
    • the unaudited pro forma combined consolidated financial information in the proxy statement is presented for illustrative purposes only and may not be reflective of the operating results and financial condition of the combination of HUSA and AGIG; and
    • other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the proxy statement, as well as HUSA’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, and other documents filed by HUSA from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

    The forward-looking statements included in this press release are made only as of the date hereof. HUSA does not undertake to update, alter, or revise any forward-looking statements made in this report to reflect events or circumstances after the date of this report or to reflect new information or the occurrence of unanticipated events, except as required by law.

    For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966.

    The MIL Network –

  • MIL-OSI: BW Offshore: Annual General Meeting 2025 – Minutes

    Source: GlobeNewswire (MIL-OSI)

    Annual General Meeting 2025 – Minutes

    The Annual General Meeting 2025 of BW Offshore Limited was held today. Please see the attached document for the minutes of the meeting.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55

    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

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

    Attachment

    The MIL Network –

  • MIL-OSI: NVIDIA Announces Financial Results for First Quarter Fiscal 2026

    Source: GlobeNewswire (MIL-OSI)

    • Revenue of $44.1 billion, up 12% from Q4 and up 69% from a year ago
    • Data Center revenue of $39.1 billion, up 10% from Q4 and up 73% from a year ago

    SANTA CLARA, Calif., May 28, 2025 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 27, 2025, of $44.1 billion, up 12% from the previous quarter and up 69% from a year ago.

    On April 9, 2025, NVIDIA was informed by the U.S. government that a license is required for exports of its H20 products into the China market. As a result of these new requirements, NVIDIA incurred a $4.5 billion charge in the first quarter of fiscal 2026 associated with H20 excess inventory and purchase obligations as the demand for H20 diminished. Sales of H20 products were $4.6 billion for the first quarter of fiscal 2026 prior to the new export licensing requirements. NVIDIA was unable to ship an additional $2.5 billion of H20 revenue in the first quarter.

    For the quarter, GAAP and non-GAAP gross margins were 60.5% and 61.0%, respectively. Excluding the $4.5 billion charge, first quarter non-GAAP gross margin would have been 71.3%.

    For the quarter, GAAP and non-GAAP earnings per diluted share were $0.76 and $0.81, respectively. Excluding the $4.5 billion charge and related tax impact, first quarter non-GAAP diluted earnings per share would have been $0.96.

    “Our breakthrough Blackwell NVL72 AI supercomputer — a ‘thinking machine’ designed for reasoning— is now in full-scale production across system makers and cloud service providers,” said Jensen Huang, founder and CEO of NVIDIA. “Global demand for NVIDIA’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation.”

    NVIDIA will pay its next quarterly cash dividend of $0.01 per share on July 3, 2025, to all shareholders of record on June 11, 2025.

    Q1 Fiscal 2026 Summary

    GAAP
    ($ in millions, except earnings
    per share)    		   Q1 FY26     Q4 FY25     Q1 FY25   Q/Q   Y/Y  
    Revenue $44,062   $39,331   $26,044   12%   69%  
    Gross margin   60.5%     73.0%     78.4%   (12.5) pts   (17.9) pts  
    Operating expenses $5,030   $4,689   $3,497   7%   44%  
    Operating income $21,638   $24,034   $16,909   (10)%   28%  
    Net income $18,775   $22,091   $14,881   (15)%   26%  
    Diluted earnings per share* $0.76   $0.89   $0.60   (15)%   27%  
    Non-GAAP
    ($ in millions, except earnings
    per share)    		   Q1 FY26     Q4 FY25     Q1 FY25   Q/Q   Y/Y  
    Revenue $44,062   $39,331   $26,044   12%   69%  
    Gross margin   61.0%     73.5%     78.9%   (12.5) pts   (17.9) pts  
    Gross margin excluding H20 charge   71.3%          
    Operating expenses $3,583   $3,378   $2,501   6%   43%  
    Operating income $23,275   $25,516   $18,059   (9)%   29%  
    Net income $19,894   $22,066   $15,238   (10)%   31%  
    Diluted earnings per share* $0.81   $0.89   $0.61   (9)%   33%  
    Diluted earnings per share excluding H20 charge and related tax impact $0.96          
     
     
    *All per share amounts presented herein have been retroactively adjusted to reflect NVIDIA’s ten-for-one stock split, which was effective June 7, 2024.
     

    Outlook
    NVIDIA’s outlook for the second quarter of fiscal 2026 is as follows:

    • Revenue is expected to be $45.0 billion, plus or minus 2%. This outlook reflects a loss in H20 revenue of approximately $8.0 billion due to the recent export control limitations.
    • GAAP and non-GAAP gross margins are expected to be 71.8% and 72.0%, respectively, plus or minus 50 basis points. The company is continuing to work toward achieving gross margins in the mid-70% range late this year.
    • GAAP and non-GAAP operating expenses are expected to be approximately $5.7 billion and $4.0 billion, respectively. Full year fiscal 2026 operating expense growth is expected to be in the mid-30% range.
    • GAAP and non-GAAP other income and expense are expected to be an income of approximately $450 million, excluding gains and losses from non-marketable and publicly-held equity securities.
    • GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items.

    Highlights
    NVIDIA achieved progress since its previous earnings announcement in these areas: 

    Data Center

    • First-quarter revenue was $39.1 billion, up 10% from the previous quarter and up 73% from a year ago.
    • Announced that NVIDIA is building factories in the U.S. and working with its partners to produce NVIDIA AI supercomputers in the U.S.
    • Introduced NVIDIA Blackwell Ultra and NVIDIA Dynamo for accelerating and scaling AI reasoning models.
    • Announced partnership with HUMAIN to build AI factories in the Kingdom of Saudi Arabia to drive the next wave of artificial intelligence development.
    • Unveiled Stargate UAE, a next-generation AI infrastructure cluster in Abu Dhabi, United Arab Emirates, alongside strategic partners G42, OpenAI, Oracle, SoftBank Group and Cisco.
    • Revealed plans to work with Foxconn and the Taiwan government to build an AI factory supercomputer.
    • Announced NVIDIA is speeding the IT infrastructure transition to enterprise AI factories with NVIDIA RTX PRO™ Servers.
    • Unveiled NVLink Fusion™ for industry to build semi-custom AI infrastructure with NVIDIA’s partner ecosystem.
    • Announced NVIDIA Spectrum-X™ and NVIDIA Quantum-X silicon photonics networking switches to scale AI factories to millions of GPUs.
    • Introduced the NVIDIA DGX SuperPOD™ built with NVIDIA Blackwell Ultra GPUs to provide AI factory supercomputing for agentic AI reasoning.
    • Announced joint initiatives with Alphabet and Google to advance agentic AI solutions, robotics and drug discovery.
    • Announced integration between NVIDIA accelerated computing and inference software with Oracle’s AI infrastructure.
    • Revealed that NVIDIA Blackwell cloud instances are now available on AWS, Google Cloud, Microsoft Azure and Oracle Cloud Infrastructure.
    • Announced that the NVIDIA Blackwell platform set records in the latest MLPerf inference results, delivering up to 30x higher throughput.
    • Announced NVIDIA DGX Cloud Lepton™ to connect developers to NVIDIA’s global compute ecosystem.
    • Launched the open Llama Nemotron family of models with reasoning capabilities, providing a foundation for creating advanced AI agents.
    • Introduced the NVIDIA AI Data Platform, a customizable reference design for AI inference workloads.
    • Announced the opening of a research center in Japan that hosts the world’s largest quantum research supercomputer.

    Gaming and AI PC

    • First-quarter Gaming revenue was a record $3.8 billion, up 48% from the previous quarter and up 42% from a year ago.
    • Announced the NVIDIA GeForce RTX™ 5070 and RTX 5060, bringing Blackwell graphics to gamers at prices starting from $299 for desktops and $1,099 for laptops.
    • Unveiled NVIDIA DLSS 4 is now available in over 125 games, including Black Myth Wukong, DOOM: The Dark Ages, Indiana Jones and the Great Circle, Marvel Rivals and Star Wars Outlaws.
    • Announced the Nintendo Switch 2 is powered by an NVIDIA processor and AI-powered DLSS, delivering up to 4K gaming.
    • Launched the NVIDIA RTX Remix modding platform, attracting over 2 million gamers, alongside the release of the Half-Life 2 RTX demo.

    Professional Visualization

    • First-quarter revenue was $509 million, flat with the previous quarter and up 19% from a year ago.
    • Announced the NVIDIA RTX PRO™ Blackwell series for workstations and servers.
    • Unveiled NVIDIA DGX Spark and DGX Station™ personal AI supercomputers powered by the NVIDIA Grace Blackwell platform.
    • Announced that leading industrial software and service providers Accenture, Ansys, Databricks, SAP, Schneider Electric with ETAP, and Siemens are integrating the NVIDIA Omniverse™ platform into their solutions to accelerate industrial digitalization with physical AI.

    Automotive and Robotics

    • First-quarter Automotive revenue was $567 million, down 1% from the previous quarter and up 72% from a year ago.
    • Announced a collaboration with General Motors on next-generation vehicles, factories and robots using NVIDIA Omniverse, NVIDIA Cosmos™ and NVIDIA DRIVE AGX™.
    • Launched NVIDIA Halos, a unified safety system combining NVIDIA’s automotive hardware, software and advanced AV safety AI research.
    • Announced NVIDIA Isaac™ GR00T N1, the world’s first open humanoid robot foundation model, followed by NVIDIA Isaac™ GR00T N1.5; NVIDIA Isaac GR00T-Dreams, a blueprint for generating synthetic motion data; and NVIDIA Blackwell systems to accelerate humanoid robot development.
    • Released new NVIDIA Cosmos™ world foundation models and physical AI data tools.

    CFO Commentary
    Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available at https://investor.nvidia.com.

    Conference Call and Webcast Information
    NVIDIA will conduct a conference call with analysts and investors to discuss its first quarter fiscal 2026 financial results and current financial prospects today at 2 p.m. Pacific time (5 p.m. Eastern time). A live webcast (listen-only mode) of the conference call will be accessible at NVIDIA’s investor relations website, https://investor.nvidia.com. The webcast will be recorded and available for replay until NVIDIA’s conference call to discuss its financial results for its second quarter of fiscal 2026.

    Non-GAAP Measures
    To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, other, gains/losses from non-marketable and publicly-held equity securities, net, interest expense related to amortization of debt discount, H20 excess inventory and purchase obligation charges, and the associated tax impact of these items where applicable. The inclusion of H20 excess inventory and purchase obligation charges in the reconciliations to adjust the related GAAP financial measures was a result of the U.S. government informing NVIDIA on April 9, 2025 that it requires a license for export to China of H20 products. H20 products were designed primarily for the China market. Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases related to property and equipment and intangible assets and principal payments on property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies.

     
    NVIDIA CORPORATION
     CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In millions, except per share data)
    (Unaudited)
               
               
          Three Months Ended
          April 27,   April 28,
            2025       2024  
               
    Revenue $ 44,062     $ 26,044  
    Cost of revenue   17,394       5,638  
    Gross profit   26,668       20,406  
               
    Operating expenses      
      Research and development   3,989       2,720  
      Sales, general and administrative   1,041       777  
        Total operating expenses   5,030       3,497  
               
    Operating income   21,638       16,909  
      Interest income   515       359  
      Interest expense   (63 )     (64 )
      Other income (expense), net   (180 )     75  
        Total other income (expense), net   272       370  
               
    Income before income tax   21,910       17,279  
    Income tax expense   3,135       2,398  
    Net income $ 18,775     $ 14,881  
               
    Net income per share:      
      Basic $ 0.77     $ 0.60  
      Diluted $ 0.76     $ 0.60  
               
    Weighted average shares used in per share computation:      
      Basic   24,441       24,620  
      Diluted   24,611       24,890  
               
    NVIDIA CORPORATION
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In millions)
    (Unaudited)
                 
                 
            April 27,   January 26,
              2025     2025  
    ASSETS        
                 
    Current assets:        
      Cash, cash equivalents and marketable securities   $ 53,691   $ 43,210  
      Accounts receivable, net     22,132     23,065  
      Inventories     11,333     10,080  
      Prepaid expenses and other current assets     2,779     3,771  
        Total current assets     89,935     80,126  
                 
    Property and equipment, net     7,136     6,283  
    Operating lease assets     1,810     1,793  
    Goodwill     5,498     5,188  
    Intangible assets, net     769     807  
    Deferred income tax assets     13,318     10,979  
    Other assets     6,788     6,425  
        Total assets   $ 125,254   $ 111,601  
                 
    LIABILITIES AND SHAREHOLDERS’ EQUITY
                 
    Current liabilities:        
      Accounts payable   $ 7,331   $ 6,310  
      Accrued and other current liabilities     19,211     11,737  
        Total current liabilities     26,542     18,047  
                 
    Long-term debt     8,464     8,463  
    Long-term operating lease liabilities     1,521     1,519  
    Other long-term liabilities     4,884     4,245  
        Total liabilities     41,411     32,274  
                 
    Shareholders’ equity     83,843     79,327  
        Total liabilities and shareholders’ equity   $ 125,254   $ 111,601  
                 
    NVIDIA CORPORATION
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In millions)
    (Unaudited)
               
               
          Three Months Ended
          April 27,   April 28,
            2025       2024  
               
    Cash flows from operating activities:      
    Net income $ 18,775     $ 14,881  
    Adjustments to reconcile net income to net cash      
    provided by operating activities:      
      Stock-based compensation expense   1,474       1,011  
      Depreciation and amortization   611       410  
      (Gains) losses on non-marketable equity securities and publicly-held equity securities, net   175       (69 )
      Deferred income taxes   (2,177 )     (1,577 )
      Other   (98 )     (145 )
    Changes in operating assets and liabilities, net of acquisitions:      
      Accounts receivable   933       (2,366 )
      Inventories   (1,258 )     (577 )
      Prepaid expenses and other assets   560       (726 )
      Accounts payable   941       (22 )
      Accrued and other current liabilities   7,128       4,202  
      Other long-term liabilities   350       323  
    Net cash provided by operating activities   27,414       15,345  
               
    Cash flows from investing activities:      
      Proceeds from maturities of marketable securities   3,122       4,004  
      Proceeds from sales of marketable securities   467       149  
      Proceeds from sales of non-marketable equity securities   –       55  
      Purchases of marketable securities   (6,546 )     (9,303 )
      Purchase related to property and equipment and intangible assets   (1,227 )     (369 )
      Purchases of non-marketable equity securities   (649 )     (190 )
      Acquisitions, net of cash acquired   (383 )     (39 )
    Net cash used in investing activities   (5,216 )     (5,693 )
               
    Cash flows from financing activities:      
      Proceeds related to employee stock plans   370       285  
      Payments related to repurchases of common stock   (14,095 )     (7,740 )
      Payments related to employee stock plan taxes   (1,532 )     (1,752 )
      Dividends paid   (244 )     (98 )
      Principal payments on property and equipment and intangible assets   (52 )     (40 )
    Net cash used in financing activities   (15,553 )     (9,345 )
               
    Change in cash and cash equivalents   6,645       307  
    Cash and cash equivalents at beginning of period   8,589       7,280  
    Cash and cash equivalents at end of period $ 15,234     $ 7,587  
               
      NVIDIA CORPORATION  
      RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES  
      (In millions, except per share data)  
      (Unaudited)  
                       
            Three Months Ended  
            April 27,   January 26,   April 28,  
              2025       2025       2024    
                       
      GAAP cost of revenue $ 17,394     $ 10,608     $ 5,638    
      GAAP gross profit   $ 26,668     $ 28,723     $ 20,406    
        GAAP gross margin     60.5%       73.0%       78.4%    
        Acquisition-related and other costs (A)   123       118       119    
        Stock-based compensation expense (B)   64       53       36    
        Other     3       –       (1 )  
      Non-GAAP cost of revenue $ 17,204     $ 10,437     $ 5,484    
      Non-GAAP gross profit $ 26,858     $ 28,894     $ 20,560    
        Non-GAAP gross margin     61.0%       73.5%       78.9%    
                       
      GAAP operating expenses $ 5,030     $ 4,689     $ 3,497    
        Stock-based compensation expense (B)   (1,410 )     (1,268 )     (975 )  
        Acquisition-related and other costs (A)   (37 )     (43 )     (21 )  
      Non-GAAP operating expenses $ 3,583     $ 3,378     $ 2,501    
                       
      GAAP operating income $ 21,638     $ 24,034     $ 16,909    
        Total impact of non-GAAP adjustments to operating income   1,637       1,482       1,150    
      Non-GAAP operating income $ 23,275     $ 25,516     $ 18,059    
                       
      GAAP total other income (expense), net $ 272     $ 1,183     $ 370    
        (Gains) losses from non-marketable equity securities and publicly-held equity securities, net   175       (727 )     (69 )  
        Interest expense related to amortization of debt discount   1       1       1    
      Non-GAAP total other income (expense), net $ 448     $ 457     $ 302    
                       
      GAAP net income   $ 18,775     $ 22,091     $ 14,881    
        Total pre-tax impact of non-GAAP adjustments   1,813       756       1,082    
        Income tax impact of non-GAAP adjustments (C)   (694 )     (781 )     (725 )  
      Non-GAAP net income $ 19,894     $ 22,066     $ 15,238    
                       
      Diluted net income per share (D)            
        GAAP   $ 0.76     $ 0.89     $ 0.60    
        Non-GAAP   $ 0.81     $ 0.89     $ 0.61    
                       
      Weighted average shares used in diluted net income per share computation (D)   24,611       24,706       24,890    
                       
      GAAP net cash provided by operating activities $ 27,414     $ 16,628     $ 15,345    
        Purchases related to property and equipment and intangible assets   (1,227 )     (1,077 )     (369 )  
        Principal payments on property and equipment and intangible assets   (52 )     (32 )     (40 )  
      Free cash flow   $ 26,135     $ 15,519     $ 14,936    
                       
         
                       
                       
      (A) Acquisition-related and other costs are comprised of amortization of intangible assets, transaction costs, and certain compensation charges and are included in the following line items:  
            Three Months Ended  
            April 27,   January 26,   April 28,  
              2025       2025       2024    
        Cost of revenue   $ 123     $ 118     $ 119    
        Research and development $ 28     $ 27     $ 12    
        Sales, general and administrative $ 9     $ 16     $ 8    
                       
      (B) Stock-based compensation consists of the following:    
            Three Months Ended  
            April 27,   January 26,   April 28,  
              2025       2025       2024    
        Cost of revenue   $ 64     $ 53     $ 36    
        Research and development $ 1,063     $ 955     $ 727    
        Sales, general and administrative $ 347     $ 313     $ 248    
                       
      (C) Income tax impact of non-GAAP adjustments, including the recognition of excess tax benefits or deficiencies related to stock-based compensation under GAAP accounting standard (ASU 2016-09).  
                       
      (D) Reflects a ten-for-one stock split on June 7, 2024.  
         
                       
                       
                       
                       
                    Three Months  
                    Ended  
                    April 27,  
                      2025    
                    ($ in millions)  
      GAAP gross profit           $ 26,668    
      GAAP gross margin             60.5%    
        Stock-based compensation expense, acquisition-related costs, and other costs           190    
        H20 excess inventory and purchase obligation charges           4,538    
      Non-GAAP gross profit (as adjusted to exclude H20 excess inventory and purchase obligation charges)         $ 31,396    
      Non-GAAP gross margin (as adjusted to exclude H20 excess inventory and purchase obligation charges)           71.3%    
                       
                       
      GAAP net income           $ 18,775    
        Total pre-tax impact of non-GAAP adjustments and H20 excess inventory and purchase obligation charges           6,351    
        Income tax impact of non-GAAP adjustments and H20 excess inventory and purchase obligation charges           (1,491 )  
      Non-GAAP net income (as adjusted to exclude H20 excess inventory and purchase obligation charges)         $ 23,635    
                       
      Diluted net income per share            
        GAAP           $ 0.76    
        Non-GAAP (as adjusted to exclude H20 excess inventory and purchase obligation charges)         $ 0.96    
                       
      Weighted average shares used in diluted net income per share computation           24,611    
                       
    NVIDIA CORPORATION  
    RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK  
           
       
        Q2 FY2026
    Outlook    		  
        ($ in millions)  
           
    GAAP gross margin   71.8%    
      Impact of stock-based compensation expense, acquisition-related costs, and other costs   0.2%    
    Non-GAAP gross margin   72.0%    
           
    GAAP operating expenses $ 5,700    
      Stock-based compensation expense, acquisition-related costs, and other costs   (1,700 )  
    Non-GAAP operating expenses $ 4,000    
           

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:

    Certain statements in this press release including, but not limited to, statements as to: the impact of H20 export licensing requirements; global demand for NVIDIA’s AI infrastructure; the demand for AI computing accelerating; countries recognizing AI as essential infrastructure and NVIDIA’s role; AI factories fueling a new industrial revolution and their impact; expectations with respect to growth, performance and benefits of NVIDIA’s products, services and technologies, including Blackwell, and related trends and drivers; expectations with respect to supply and demand for NVIDIA’s products, services and technologies, including Blackwell, and related matters including inventory, production and distribution; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments and related trends and drivers; future NVIDIA cash dividends or other returns to stockholders; NVIDIA’s financial and business outlook for the second quarter of fiscal 2026 and beyond; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX Cloud Lepton, DGX Station, GeForce RTX, NVIDIA Cosmos, NVIDIA DGX SuperPOD, NVIDIA Isaac, NVIDIA Omniverse, NVIDIA RTX PRO, NVIDIA Spectrum-X, and NVLink Fusion are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aabe86db-ce89-4434-b83c-495082979801

    The MIL Network –

  • MIL-OSI: Outdoor Holding Company Announces Settlement and Leadership Transition

    Source: GlobeNewswire (MIL-OSI)

    Board Appoints Steve Urvan, Founder of GunBroker.com and Largest Shareholder, as Chairman and CEO

    Announces Regained Compliance with Nasdaq Listing Rule Regarding Timely Periodic Reporting

    SCOTTSDALE, Ariz., May 28, 2025 (GLOBE NEWSWIRE) — Outdoor Holding Company (Nasdaq: POWW, POWWP) (“Outdoors Online,” “we,” “us,” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced that Steve Urvan will serve as the Company’s Chief Executive Officer and Chairman of the Board following the recent closing of the divestiture of the Company’s ammunition manufacturing division and in connection with the settlement of litigation between Mr. Urvan and the Company. Mr. Urvan’s appointment will be effective at 5:00 p.m. Eastern Time on May 30, 2025, provided that, as of such time, Nasdaq has not objected to the settlement transaction described in more detail below (the “Effective Date”). Mr. Urvan is the founder of GunBroker.com and single largest shareholder of the Company.

    Mr. Urvan commented:

    “I am excited to step into the executive role to drive the core GunBroker business and lead the Company’s recent repositioning of the publicly traded holding company as Outdoor Holding Company. Although there is a lot of hard work ahead, we are going to build a winning culture and set clear operating principles to guide us to success. I look forward to providing updates to all of my fellow shareholders and stakeholders in the coming quarters in a renewed spirit of openness and transparency.”

    The Company’s Board of Directors (the “Board”) determined that Mr. Urvan is the right leader for the Company given his extensive expertise in building, growing and investing in technology and e-commerce companies, which he developed in part founding GunBroker.com and leading that business for 22 years. As part of the leadership transition, Mr. Urvan will also be assuming the Chairman role on the Board.

    Fred Wagenhals, the Company’s founder and former Executive Chairman, commented:

    “As I have stepped into retirement, I have continued to stay focused the performance of Outdoors Online from my position as a large shareholder. Steve’s upcoming appointment, along with the recent rebrand, reflects a continued dedication to accelerating and supporting the Company’s strategic focus on growing its profitable e-commerce segment. I look forward to offering whatever support I can from the shareholder perspective as Steve leverages his significant experience to refocus on capital allocation and ideas that will generate shareholder value for all.”

    Update on Litigation

    In connection with today’s announcement, the Company has settled its ongoing litigation with Mr. Urvan (the “Settlement”). The Settlement, which will become effective on the Effective Date, results in an end to high-cost litigation, locks in a fair resolution, and enables the Company to fully focus on positioning its e-commerce business to increase profitability and shareholder value. As a function of the Settlement, outgoing CEO Jared Smith will immediately resign from the Board on the Effective Date. The Board will be comprised of six total members, consisting of the five remaining independent members and Mr. Urvan.

    Along with his appointment as CEO, Mr. Urvan will receive financial remuneration as a product of the Settlement. For additional information about the terms of the Settlement, see the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 28, 2025.

    Additionally, to ensure that his focus is on delivering shareholder value, and to effectively align his compensation with performance, Mr. Urvan will take a salary of just $1 in his first year – with bonus or equity grants to be determined by the Compensation Committee of the Board as it deems appropriate.

    Period Reporting Compliance

    Upon the May 20, 2025, filing of the Company’s Forms 10-Q for the periods ended September 30 and December 31, 2024, the Company has met the requirement for The Nasdaq Stock Market under Listing Rule 5250(c)(1). The Company intends to timely file its annual report on Form 10-K for fiscal year 2025.

    About Outdoor Holding Company (dba Outdoors Online)

    AMMO, Inc., the publicly traded parent of GunBroker.com has been rebranded to Outdoor Holding Company, now the sole owner of Outdoors Online, LLC, and operator of GunBroker.com, the largest online marketplace dedicated to firearms, hunting, shooting and related products. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, the GunBroker.com website is an informative, secure and safe way to buy and sell firearms, ammunition, shooting accessories and outdoor gear online. GunBroker promotes responsible ownership of guns and firearms. For more information, visit: www.gunbroker.com.

    Cautionary Statement Concerning Forward-Looking Statements

    Certain statements contained in this press release are considered “forward-looking statements” within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, among others, statements about the expected timing and effectiveness of the Settlement, the expected benefits of the Settlement and leadership transition, the Company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. Instead, they are based only on Company management’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to the delayed effectiveness of the Settlement, including the leadership transition, and the risk that Nasdaq objects to the Settlement transaction. Therefore, investors should not rely on any of these forward-looking statements and should review the risks and uncertainties described under the caption “Risk Factors” in the Company’s amended Annual Report on Form 10-K filed with the SEC on May 20, 2025, and additional disclosures the Company makes in its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Forward-looking statements are made as of the date of this release, and except as provided by law, the Company expressly disclaims any obligation or undertaking to any updated forward-looking statements.

    Contacts

    For media:
    Longacre Square Partners
    Rebecca Kral
    AMMO@longacresquare.com

    For investors:
    CoreIR
    Phone: (212) 655-0924
    IR@ammo-inc.com 

    Source: Outdoor Holding Company

    The MIL Network –

  • PM GatiShakti: 94th Network Planning Group meeting reviews key metro and aviation projects

    Source: Government of India

    Source: Government of India (4)

    The 94th meeting of the Network Planning Group (NPG) under the PM GatiShakti National Master Plan (PMGS-NMP) was held on Wednesday to assess five major infrastructure proposals aimed at strengthening India’s multimodal connectivity and regional development. The proposals, spanning both Metro Rail and Civil Aviation sectors, were evaluated for their alignment with the core principles of PM GatiShakti, including last-mile connectivity, intermodal integration, and enhanced logistics efficiency.

    The meeting, chaired by Pankaj Kumar, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), reviewed four Metro Rail projects submitted by the Ministry of Housing and Urban Affairs (MoHUA) and one Greenfield Airport project proposed by the Ministry of Civil Aviation (MoCA).

    The first project involves a 2.16 km underground extension of the Aerocity–Tughlakabad corridor to Indira Gandhi Domestic Terminal-1. It includes the development of a new metro station at IGD T-1 and aims to improve airport connectivity for key residential areas such as Tughlakabad, Khanpur, Saket, Mehrauli, and Vasant Kunj, while also benefiting commuters from Faridabad via the Tughlakabad interchange.

    The second proposal is a 9.913 km fully underground extension of the Magenta Line from Ramakrishna Ashram Marg to Indraprastha. This corridor will link major landmarks like Central Vista, India Gate, Pragati Maidan, the War Memorial, and Delhi High Court. A proposed station at India Gate is intended to offer safe and convenient public transport access while promoting clean and sustainable mobility.

    Another project reviewed is a 9 km elevated extension of the Golden Line from Tughlakabad to Kalindi Kunj. It passes through areas including Ali Village, Ali Vihar, and Madanpur Khadar, with a vital interchange planned at Kalindi Kunj connecting the Violet and Magenta lines. This initiative is expected to improve airport access and strengthen connectivity between Noida, Greater Noida, and Delhi.

    A 17.435 km metro corridor linking Noida Sector-51 to Knowledge Park V in Greater Noida was also discussed. Spanning 7.263 km in Noida and 10.172 km in Greater Noida, the corridor is designed to serve the growing commuter needs of the expanding Greater Noida West township, enhancing urban transit efficiency.

    In the civil aviation sector, a Greenfield Airport has been proposed near Bundi, Kota in Rajasthan. Spread over 400 acres, the airport will be equipped to handle A321-200 type aircraft and feature a modern terminal with the capacity to process 500 arrivals and 500 departures during peak hours. The planned infrastructure includes a runway, apron, taxiways, ATC tower, fire station, and associated facilities. The project aims to support the economic development of the region, boost tourism and trade, and provide better travel access for the large number of students and families visiting Kota, a national hub for competitive exam preparation.

    All the evaluated projects are strategically aimed at enhancing transit systems, reducing congestion, and facilitating regional integration.

  • MIL-OSI Russia: Chinese Foreign Minister Meets with Guests from Pacific Island States

    Translation. Region: Russian Federal

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

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

    XIAMEN, May 28 (Xinhua) — Chinese Foreign Minister Wang Yi on Wednesday held separate meetings with foreign guests who arrived in China to attend the third China-Pacific Island Countries Foreign Ministers’ Meeting in Xiamen, east China’s Fujian Province.

    During the meeting with the President and Minister of Foreign Affairs of Kiribati Taneti Maamau, Wang Yi conveyed to him sincere greetings and best wishes from Chinese President Xi Jinping.

    Wang Yi said that since the resumption of diplomatic relations between China and Kiribati more than five years ago, bilateral ties have developed rapidly, and exchanges and cooperation in various fields have yielded significant results. He said China highly values Kiribati’s firm adherence to the one-China principle and is willing to work with Kiribati to further develop bilateral ties.

    T. Maamau, for his part, pointed out that Kiribati firmly adheres to the one-China policy and hopes to strengthen cooperation with China in areas such as cultural and humanitarian exchanges, medicine and health care, infrastructure, sister city exchanges, the maritime economy and climate change.

    At a meeting with Niuean Prime Minister and Foreign Minister Dalton Tagelagi, Wang Yi noted that China-Niue relations have become a model of equality and common development for countries of different sizes. He called on both countries to strengthen cooperation in areas such as infrastructure, green development and climate change.

    D. Tagelagi said that Niue values its relations with China and the close friendship between the peoples of the two countries, and supports the three major global initiatives proposed by China, as well as the high-quality joint construction of the Belt and Road.

    Niue stands ready to continue to contribute to the development of the South Pacific region in the spirit of mutual respect, added D. Tagelagi.

    During a meeting with Crown Prince and Foreign Minister of Tonga Tupoutoa Ulukalala, Wang Yi conveyed cordial greetings from Chinese President Xi Jinping to King Tupou VI of Tonga.

    The Chinese Foreign Minister said that China firmly supports Tonga in safeguarding its national sovereignty, security and development interests, values Tonga’s commitment to the one-China principle, and hopes to work with Tonga to implement the important consensus reached by the leaders of the two countries.

    Tupoutoa Ulukalala noted that Tonga has always firmly adhered to the one-China policy and is willing to expand exchanges of ideas with China and promote practical cooperation in areas such as health and education. Tonga highly appreciates the concrete measures taken by China to help Pacific island countries address climate change, he stressed.

    During a meeting with Solomon Islands Minister of Foreign Affairs and Trade Peter Shanel Agowaka, Wang Yi said that China is willing to work with the Solomon Islands to uphold multilateralism, defend the basic norms of international relations, and safeguard international fairness and justice.

    China supports the Solomon Islands in hosting the 54th Pacific Islands Forum Leaders’ Meeting this year, Wang continued, expressing hope that the two countries will seize the opportunity and jointly promote development.

    P.Sh. Agovaka said the Solomon Islands firmly opposes “Taiwan independence” and supports the Chinese government’s efforts to achieve national reunification.

    The Solomon Islands looks forward to strengthening practical cooperation with China in areas such as education, law enforcement, medicine and health care, and cultural heritage protection, P.Sh. Agovaka said.

    At a meeting with Cook Islands Minister of Foreign Affairs and Immigration Tingika Elikana, Wang Yi said China has always attached great importance to relations with the Cook Islands and supports the country in safeguarding national sovereignty and independently choosing a development path that suits its national conditions.

    According to the head of the Chinese Foreign Ministry, China is ready to work with the Cook Islands to adhere to the principle of common but differentiated responsibilities and create a fair, reasonable, cooperative and mutually beneficial system of global climate governance.

    T. Elikana assured that the Cook Islands will strictly adhere to the one-China principle, adding that the meeting of the foreign ministers of China and the Pacific island countries opened up an opportunity for deepening cooperation between the two sides and strengthening the unity of the island countries. The Cook Islands expresses its firm support for this, he stressed. –0–

    MIL OSI Russia News –

  • MIL-OSI Economics: Malawi 100th WTO member to formally accept Agreement on Fisheries Subsidies

    Source: WTO

    Headline: Malawi 100th WTO member to formally accept Agreement on Fisheries Subsidies

    DG Okonjo-Iweala said: “The depletion of marine fish stocks globally requires our urgent collective action. I thank Malawi for joining this crucial collective effort. With Malawi’s instrument of acceptance, we have reached a milestone for putting into motion a multilateral deal that will support more sustainable use of our oceans and fisheries for current and future generations. With this 100th instrument, we now need just 11 more to add the Agreement to the WTO rulebook!”
    Ambassador Bwanali-Mussa said: “Malawi is committed to the multilateral trading system. Although we are not a coastal country, we fully support WTO members’ collective efforts to protect the environment, conserve global fish stocks and combat illegal, unreported and unregulated fishing. These efforts are integral to the protection of the livelihoods of vulnerable populations who rely on aquatic ecosystems for food security, employment, health and socio-economic resilience.”
    For the Agreement to enter into force, formal acceptances from two-thirds of WTO members are required – representing 111 members. The list of the 100 WTO members which have deposited their instruments of acceptance with the WTO is available here.
    At the WTO’s 12th Ministerial Conference (MC12) held in Geneva in June 2022, ministers adopted by consensus the Agreement on Fisheries Subsidies, setting new, binding, multilateral rules to curb harmful fisheries subsidies. The Agreement prohibits subsidies for illegal, unreported and unregulated fishing, for fishing overfished stocks, and for fishing on the unregulated high seas. Ministers also recognized the needs of developing economies and least-developed countries by establishing a fund to provide technical assistance and capacity-building to help governments which have formally accepted the Agreement implement the new obligations.
    WTO members also agreed at MC12 to continue negotiating on remaining fisheries subsidies issues. The objective is to find consensus on additional provisions to further strengthen the disciplines on fisheries subsidies.
    Information for members on how to accept the Protocol of Amendment is available here.

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    MIL OSI Economics –

  • MIL-OSI: Tradesk Securities Accelerates Its Mission to Empower a New Generation of Investors

    Source: GlobeNewswire (MIL-OSI)

    Short Hills, NJ, May 28, 2025 (GLOBE NEWSWIRE) — Tradesk Securities, Inc., (“Tradesk” and/or “Tradesk Securities”) a modern trading platform and registered broker-dealer, today announced the next phase of its growth as it continues building the infrastructure and tools to empower a new generation of investors. With an expanding set of intelligent features and industry-grade capabilities, Tradesk is bridging the gap between everyday users and the financial strategies traditionally reserved for professionals. Learn more at www.tradesk.co.

    Amid growing interest in personal investing and increasing market complexity, Tradesk is gaining momentum by offering a simple, transparent platform that puts the power of investing into the hands of individuals, without jargon or intimidation. Tradesk offers a mobile-first investing experience designed to make building wealth simple.

    Building on its mission, Tradesk recently launched Recurring Investments, providing users with an easy way to automate their investing strategies and build themed portfolios consistently over time. Looking ahead, the company is preparing to introduce a suite of AI-powered investing features designed to deliver smarter insights and personalized portfolio guidance, designed to help users make more informed decisions in real time.

    Tradesk also continues to expand opportunities for new users, offering limited-time incentives for new account holders. Details are available at www.tradesk.co/newcustomer . In addition, to make advanced strategies more accessible, Tradesk is currently offering special incentives for options trading. Full details can be found at www.tradesk.co/optionspromotion. 

    “We founded Tradesk to break down the barriers that have historically excluded so many people from investing,” said Eric Chu, CEO of Tradesk Securities. “As volatility grows and investing becomes more complex, users need tools that are not only powerful — but also easy to use, educational, and aligned with their goals.”

    Since its launch, Tradesk has seen strong momentum, with a growing user base and an expanding feature set designed to support investors at every stage of their journey. With continued innovation and a focus on empowering users, Tradesk is setting the foundation for long-term impact in the financial services industry. As a registered U.S. broker-dealer, Tradesk brings institutional-grade infrastructure to the retail experience — and is laying the foundation to support broader industry partnerships, including fintech integrations and financial advisory/IPO tools.

    About Tradesk Securities
    Tradesk Securities is an innovative trading and investing platform designed to empower individuals to take control of their financial futures. User can create trading strategies with stocks, ETFs, options, and fractional shares. Built for long—term investors and active traders alike, Tradesk combines intuitive design, accessible education, and AI-driven insights to help users make smarter decisions, faster. With features like automated investing, recurring strategies, and clear, upfront pricing, Tradesk is making financial markets more transparent, inclusive, and actionable.

    Learn more at www.tradesk.co

    The MIL Network –

  • MIL-OSI USA: FACT: One, Big, Beautiful Bill Cuts Spending, Fuels Growth

    US Senate News:

    Source: US Whitehouse
    President Donald J. Trump’s One, Big, Beautiful Bill is a once-in-a-generation opportunity to cut spending, fuel growth, and level the fiscal footing of the American economy.
    Stephen Miller, White House Deputy Chief of Staff, explains the bill’s historic nature:
    “The Big Beautiful Bill is NOT an annual budget bill and does not fund the departments of government. It does not finance our agencies or federal programs. Instead, it includes the single largest welfare reform in American history. Along with the largest tax cut and reform in American history. The most aggressive energy exploration in American history. And the strongest border bill in American history. All while reducing the deficit.”
    Miller goes on to explain how the legislation also reduces the deficit:
    “The bill saves more than 1.6 TRILLION in mandatory spending, including the largest-ever welfare reform. A remarkable achievement. I’ve also seen claims the bill increases the deficit. This lie is based on a CBO accounting gimmick. Income tax rates from the 2017 tax cut are set to expire in September. They were always planned to be permanent. CBO says maintaining *current* rates adds to the deficit, but by definition leaving these income tax rates unchanged cannot add one penny to the deficit. The bill’s spending cuts REDUCE the deficit against the current law baseline, which is the only correct baseline to use.”
    Meanwhile, Peter Navarro, Senior Counselor for Trade and Manufacturing, explains why so-called “forecasts” fail to account for the bill’s contributions to economic growth and debt reduction:
    “In making its projections, the CBO [Congressional Budget Office] has refused to account for — or ‘score’ as they say in CBO lingo — any of the new revenues from the Trump reciprocal tariffs.
    Remember here a key goal of Trump’s fair-trade policies is to shift the U.S. tax base from one primarily reliant on income taxes to one that, with the vision of the new External Revenue Service, is also supported by tariff revenues. Consider, then, the impacts on the CBO’s projected revenue shortfall of just the modest 10 percent global baseline tariff Trump recently put into effect.
    Such a tariff, depending on consumer responses (as measured by demand elasticities) and enforcement efficacy (i.e., how much cheating occurs), should generate between $2.3 trillion and $3.3 trillion in additional revenue over the ten-year forecast period. When this revenue is layered onto the enhanced dynamic growth scenario, the projected budget impact from the One Big Beautiful Bill Act ranges from a modest $300 billion increase in the debt under the 2.2 percent growth assumption to as much as a $2 trillion surplus under the 2.7 percent growth assumption.”

    MIL OSI USA News –

  • MIL-OSI United Nations: Europe steps up wildfire preparedness with new integrated strategy

    Source: UNISDR Disaster Risk Reduction

    A model for anticipatory action and integrated risk governance emerges in Brussels

    Brussels, 27 May 2025 — As wildfire seasons grow longer and more destructive across Europe, driven by climate change and land-use pressures, a new strategy unveiled in Brussels last week aims to transform the continent’s approach to wildfire risk management.

    At the heart of this shift is the Integrated Wildfire Risk Management (IWRM) Strategy for Europe, launched during a high-level event convened on 20–21 May by the Firelogue project and the EU Research Executive Agency (REA). The strategy is the result of a multi-year collaboration between leading scientists, policymakers, and civil society actors, supported by the European Green Deal through projects such as FirEUrisk, FIRE-RES, SILVANUS, and TREEADS. 

    Framed by the urgency of increasing fire severity and shifting hazard patterns, the event brought together approximately 150 participants—from EU institutions and national governments to fire services, NGOs, and research networks—to explore how Europe can move toward a more proactive and integrated approach to wildfire risk.

    Integrated and systemic governance

    While wildfires have long been considered an issue for the Mediterranean, their geographic spread and intensity are now testing response systems across the continent. In this context, the IWRM Strategy signals a fundamental pivot: away from isolated emergency response toward systemic risk governance, in line with global resilience agendas such as the Sendai Framework for Disaster Risk Reduction.

    The strategy offers a common framework for Member States and stakeholders to align efforts around shared goals, risk metrics, and governance structures. It emphasizes the need to build fire-resilient landscapes, improve coordination across sectors, and strengthen the capacity of local authorities to plan and act before disaster strikes.

    “We are no longer dealing with exceptional events, but with recurring climate-driven risks that demand long-term, integrated solutions,” said Claudia Berchtold, one of the lead authors of the strategy paper.

    Bridging Science, Policy, and Practice

    Throughout the two-day event, attendees engaged in knowledge exchange and hands-on demonstrations that showcased how innovation can enhance preparedness. Tools presented included drone-based fire monitoring, mobile applications for rapid response, and immersive training environments using virtual reality.

    Importantly, these technological advances are not stand-alone solutions. They are embedded within the strategy’s broader emphasis on data-informed decision-making, community engagement, and institutional learning. These align closely with UNDRR’s call for whole-of-society approaches and multi-stakeholder coordination in disaster risk reduction.

    One keynote focused on the importance of stakeholder inclusion, particularly the empowerment of local and regional authorities who often bear the brunt of wildfire impacts. Another panel addressed the challenge of integrating early-warning systems with planning processes, land management, and social protection policies—key to reducing vulnerability and exposure.

    Collaborative Risk Governance in Action

    The event’s high-level roundtable included participation from the European Commission’s DG Environment, DG ECHO, and the Joint Research Centre, as well as international partners such as the World Bank. Discussions underscored the importance of interoperability between national systems and the role of cross-border partnerships in managing transboundary risk.
    To foster long-term collaboration, the strategy proposes integrated risk assessments, the creation of better collaboration at multiple scales e.g by the means of regional Fire Forums—multi-stakeholder platforms designed to facilitate joint planning, capacity-building, and peer learning across Europe. These would support the goals of both the EU Civil Protection Mechanism and global DRR frameworks by connecting practitioners, scientists, and policymakers in a continuous cycle of preparedness and adaptation. 
     

    Toward Fire-Smart Landscapes and Societies
     

    In its closing session, the event turned toward the future. Project representatives reflected on four years of EU-funded research and laid out priorities for the coming decade: from scaling risk-reduction solutions to embedding wildfire preparedness into broader climate adaptation strategies.

    “We need to act on the knowledge we’ve built—to invest in fire-smart landscapes, strengthen local capacities, and accelerate knowledge transfer,” said Krishna Chandramouli, another key contributor to the strategy.

    For UNDRR and its partners, the IWRM Strategy offers not only a blueprint for Europe, but also a replicable model of how countries and regions can integrate disaster risk reduction into climate action, land management, and sustainable development planning. “It connects closely with the Making Cities Resilient 2030 Initiative and its recent report Flames of change: Innovating heat and wildfire governance for inclusive communities” say Andrew Mackey Bower, UNDRR Programme Management Officer who joined the event.

    A Regional Strategy with Global Relevance

    The Brussels event marked more than the launch of a new policy—it was a demonstration of what anticipatory action and collaborative risk governance can look like in practice. As wildfires grow more complex and interconnected, Europe’s strategy stands as a timely and relevant contribution to global DRR efforts.

    To access the full strategy proposal working document, visit: An Integrated Wildfire Risk Management Strategy for the EU: developing resilient landscapes and safer communities

    MIL OSI United Nations News –

  • MIL-OSI USA: IAM Delegates Motivated At CBTU Convention in Florida

    Source: US GOIAM Union

    At least 20 IAM delegates joined more than 1000 union leaders from around the world at the annual Coalition of Black Trade Unionists (CBTU) Convention in Orlando, FL.

    The post IAM Delegates Motivated At CBTU Convention in Florida appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI Europe: Written question – Import of pregnant mare serum gonadotropin – E-002041/2025

    Source: European Parliament

    Question for written answer  E-002041/2025
    to the Commission
    Rule 144
    Sebastian Everding (The Left), Anja Hazekamp (The Left)

    Since 2015, animal welfare non-governmental organisations (NGOs) have exposed the cruelty of extracting blood from pregnant mares in order to obtain the pregnant mare serum gonadotropin (PMSG) hormone, which is used to increase and synchronise the fertility of farmed animals, despite alternatives being available.

    PMSG production is in breach of EU legislation[1], but European pharmaceuticals companies continue importing PMSG from non-EU countries, inter alia from Iceland[2].

    A new NGO investigation from September 2024 again shows the semi-wild horses being subjected to mistreatment, massive stress and pain during the blood collections[3].

    • 1.In 2021, Parliament adopted a resolution on a farm to fork strategy[4] which calls on the Commission to halt the import and domestic production of PMSG[5]. Why has the Commission not heeded Parliament’s call?
    • 2.Will the Commission include high animal welfare standards in the revised Good Manufacturing Practice in order to ensure that no more cruelly produced PMSG will enter the EU market?
    • 3.Is the Commission considering restricting PMSG imports under World Trade Organization rules for reasons of animal protection and to safeguard public morals?

    Submitted: 21.5.2025

    • [1] Directive 2010/63/EU of the European Parliament and of the Council of 22 September 2010 on the protection of animals used for scientific purposes, OJ L 276, 20.10.2010, p. 33, ELI: http://data.europa.eu/eli/dir/2010/63/oj.
    • [2] www.eftasurv.int/newsroom/updates/iceland-breach-eea-rules-protection-animals-used-scientific-purposes-regards-blood.
    • [3] www.animal-welfare-foundation.org/en/blog/einsatz-in-island-blutentnahmen-zur-pmsg-gewinnung.
    • [4] Resolution of 20 October 2021 on a farm to fork strategy for a fair, healthy and environmentally-friendly food system, OJ C 184, 5.5.2022, p. 2.
    • [5] www.europarl.europa.eu/doceo/document/TA-9-2021-0425_EN.html (point 130).
    Last updated: 28 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Tariffs on corrugated paper products imposed by Türkiye since 2024 – P-001671/2025(ASW)

    Source: European Parliament

    The Commission closely monitors trade defence investigations conducted by third countries targeting EU exports. Trade defence instruments are available to all World Trade Organisation (WTO) members provided that the relevant WTO requirements are abided by.

    In January 2024 the Turkish authorities initiated a safeguard investigation by Notice 2024/1, number 32427, pursuant to the regulation on Import Protection Measures No 25486 published in the Official Gazette of Türkiye, dated 8 June 2004, which implements the WTO Safeguard Agreement into Turkish domestic legislation.

    The investigation covers imports of uncoated paper from all third countries. In June 2024 Türkiye introduced definitive safeguard measures on the product concerned in form of a specific duty of USD 87 per ton, subsequently decreasing every year.

    Since the beginning, the Commission has been actively intervening as interested party in the framework of the investigation, in close cooperation with the EU industry (Confederation of European Paper Industry).

    A first written submission dated 20 February 2024, in support of the EU producers concerned was sent to the Turkish authorities. The Commission also intervened at the public hearing[1] which took place in April 2024.

    Following these interventions certain products not produced in Türkiye were excluded from the scope. The Commission will continue to closely monitor the case and intervene as appropriate during any subsequent steps, such as a possible mid-term review.

    • [1] Communiqué No:2024/1-Paper-All Countries: https://ticaret.gov.tr/ithalat/ticaret-politikasi-savunma-araclari/korunma-onlemleri/sorusturmalar/tamamlanan-sorusturmalar-completed-investigations/teblig-no2024-1-kagit-tum-ulkeler.
    Last updated: 28 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Impact on citizens of the Green Deal, the Clean Industrial Deal and a possible carbon levy – E-000911/2025(ASW)

    Source: European Parliament

    Industry in Europe is under pressure, due to several factors, including high energy prices, international competition amidst rising geopolitical tensions, and overcapacities in third countries[1]. Decarbonising our economies is a global challenge that can be an economic opportunity, as flagged in the Draghi Report[2]. The European Green Deal[3] and the recent Clean Industrial Deal[4] provide the toolbox to strengthen the business case for decarbonisation in Europe .

    The Clean Industrial Deal puts forward concrete actions to turn decarbonisation into a driver of growth for European industries. Specific measures include the Affordable Energy Action Plan[5], aimed at lowering energy bills while promoting the necessary transition to a low-carbon economy, and the upcoming Industrial Decarbonisation Accelerator Act, which will increase demand for EU-made clean products. The Clean Industrial Deal identifies seven indicators to measure progress, such as the annual installation of renewable electricity capacity and investment volumes under InvestEU[6] supporting industrial transition.

    The Commission is not considering the introduction of a direct carbon levy for citizens on top of the EU Emissions Trading System[7].

    • [1] 2025 Annual Single Market and Competitiveness Report: https://single-market-economy.ec.europa.eu/publications/2025-annual-single-market-and-competitiveness-report_en .
    • [2] https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en.
    • [3] https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal_en.
    • [4] https://commission.europa.eu/topics/eu-competitiveness/clean-industrial-deal_en.
    • [5] https://energy.ec.europa.eu/strategy/affordable-energy_en.
    • [6] https://investeu.europa.eu/index_en.
    • [7] https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets_en.
    Last updated: 28 May 2025

    MIL OSI Europe News –

  • India-Italy relations on upward trajectory; Jaishankar expresses gratitude for support after Pahalgam attack

    Source: Government of India

    Source: Government of India (4)

    Lauding the strengthening ties between India and Italy, External Affairs Minister S. Jaishankar on Wednesday said that the relations between the two nations are on an upward trajectory, marked by renewed momentum in political dialogue, official visits, and growing mutual interest. He reiterated India’s commitment to consolidating the India-Italy Strategic Partnership.

    Speaking at Italy’s National Day celebrations in Delhi on Wednesday, Jaishankar highlighted the shared maritime interests and commitment to freedom of navigation between the two peninsular nations.

    “Whether in the Indo-Pacific or the Indo-Mediterranean, India and Italy share maritime interests and a common commitment to ensuring freedom of navigation and shipping. Italy’s increased presence in the Indo-Pacific, as well as its participation under the Indo-Pacific Oceans Initiative (IPOI) pillar of science and technology, will certainly enhance our cooperation further,” he said.

    “India-Italy relations are undoubtedly progressing positively. There is new momentum in political dialogue, exchanges, and interest in each other’s potential, which I am confident will be fully tapped by stakeholders. Let me reaffirm our government’s commitment to strengthening the India-Italy Strategic Partnership,” he added.

    Jaishankar expressed gratitude to Italy for its support following the terrorist attack in Pahalgam, Jammu and Kashmir. He noted India’s “firm, resolute, and measured response” in targeting terror centers and launch pads.

    “Let me begin by conveying our best wishes to the government and people of Italy on your National Day. We are thankful, Ambassador, for Italy’s solidarity and support following the barbaric terror attack in Pahalgam, Jammu and Kashmir,” he said.

    Referring to Operation Sindoor, launched in response to the attack, Jaishankar said, “India responded firmly and decisively by destroying relevant terror centers and launch pads. The global community has recognized India’s right to defend its people against acts of terror. We believe the world must uphold a zero-tolerance stance against terrorism and cross-border terrorism.”

    The foreign minister noted that the strategic partnership between India and Italy is rooted in shared values and converging interests and recalled the recent meetings between Prime Minister Narendra Modi and his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 and G7 summits.

    “Our strategic partnership is founded on shared values and converging interests, as reflected in multilateral platforms such as the G20. As the Ambassador mentioned, our Prime Ministers met at both the G20 and G7 summits, and our collaboration continues through initiatives like the IMEC (India-Middle East-Europe Economic Corridor), the Global Biofuels Alliance, the Indo-Pacific Oceans Initiative, the International Solar Alliance, and the Coalition for Disaster Resilient Infrastructure.”

    He added, “Our bilateral relations have gained momentum following the adoption of the Joint Strategic Action Plan for 2025–29 by our Prime Ministers last November. We are optimistic that the roadmap outlined in the GASAP will yield concrete and practical outcomes for both our economies and societies.”

    Jaishankar identified trade and economic cooperation as a vital pillar of the partnership and recalled attending the India-Italy Business, Science, and Technology Forum alongside Italy’s Deputy Prime Minister Antonio Tajani and Minister of University and Research Anna Maria Bernini.

    “Trade and economic cooperation are vital elements of our partnership. Last month, I had the opportunity to attend the India-Italy Business, Science and Tech Forum with Deputy Prime Minister and Foreign Minister Tajani and Minister Bernini. The event brought together business leaders and representatives from universities and research centers in both countries to explore collaboration across multiple sectors. This forum also presents an opportunity to boost our bilateral trade, which currently stands at USD 15 billion annually.”

    “As the world’s fastest-growing major economy, India offers numerous opportunities for investment. Italy’s technologies and best practices in clean energy, agri-tech, logistics, and shipbuilding, among other sectors, can significantly contribute to India’s progress toward becoming a developed nation — Viksit Bharat — by 2047,” he said.

    The foreign minister also acknowledged the strong Indian diaspora in Italy and expressed confidence in the future growth of mobility for professionals and academics between the two countries.

    “The Indian diaspora in Italy is among the largest in the European Union. They are well-received and recognized for their contributions across sectors including agriculture, dairy, industry, and healthcare. We are confident that in the future, increased mobility of professionals, academics, and researchers will facilitate a greater exchange of knowledge and talent between our two countries,” Jaishankar said.

  • MIL-OSI Security: Five arrests after protesters target film set

    Source: United Kingdom London Metropolitan Police

    Four people have been arrested after they targeted the filming of a new movie.

    In recent weeks, protesters have disrupted filming at various locations across London. They have done so solely because an actress involved in the production is Israeli.

    On Wednesday, 28 May officers were deployed to a filming location in Westminster to identify suspects wanted in connection with offences at earlier protests and to deal with any new offences.

    Five people were arrested for harassment and offences under Section 241 of the Trade Union and Labour Relations Act which deals with wrongfully and unlawfully obstructing access to a workplace.

    Two of the arrests relate to incidents at previous protests while three relate to offences that took place today.

    Superintendent Neil Holyoak, who oversaw today’s policing operation, said: “While we absolutely acknowledge the importance of peaceful protest, we have a duty to intervene where it crosses the line into serious disruption or criminality.

    “We have been in discussions with the production company to understand the impact of the protests on their work and on any individuals involved.

    “I hope today’s operation shows we will not tolerate the harassment of or unlawful interference with those trying to go about their legitimate professional work in London.”

    Those who were arrested remain in custody.

    MIL Security OSI –

  • MIL-OSI Global: Anxious over AI? One way to cope is by building your uniquely human skills

    Source: The Conversation – Canada – By Nitin Deckha, Lecturer in Justice Studies, Early Childhood Studies, Community and Social Services and Electives, University of Guelph-Humber

    The concern over the loss and transformation of work by generative AI is well-founded and widely documented. (Shutterstock)

    We live in a time of growing anxiety and fear, where the disruptive forces of artificial intelligence (AI), automation, Big Data, virtual reality and augmented reality loom ominously over people’s lives.

    In a recent Scientific American article, psychologist Mary Alvord described how these anxieties are manifesting in her clients. Their concerns ranged from the increase in students cheating with generative AI to the erosion of online data privacy, to more existential fears of job loss and even the “possibility of overall human obsolescence.”

    These aren’t abstract concerns. Beyond the psychologist’s chair, the concern over the loss and transformation of work by generative AI is well-founded and widely documented by academic research studies and reports. As AI becomes more capable and embedded in daily routines, anxieties surrounding it are likely to intensify.

    The future of work

    The World Economic Forum’s (WEF) 2025 Future of Jobs Report found that 85.7 per cent of employers surveyed see AI, information processing, Big Data, virtual reality and augmented reality as the biggest technological driver of business transformation. Robots and automation follow at 57.8 per cent.

    While the report notes that long-term productivity gains from these technologies remain uncertain, it found that certain jobs are being impacted more than others. Roles where generative AI can mimic human capacities — like data entry, administration, legal and executive secretaries, claim adjusters and examiners, and graphic designers — are declining the fastest.

    These findings are corroborated by a recent joint report from the International Labour Organization (ILO) and Poland’s National Research Institute. It found that 25 per cent of jobs are at risk of being changed by generative AI, a number that jumps to 34 per cent in higher-income countries.

    Roles where generative AI can mimic human capacities, like administration, are most at risk of job loss.
    (Shutterstock)

    The report also noted a gendered impact: in high-income countries, 9.6 per cent of jobs held by women are at high risk of automation, compared to just 3.5 per cent of jobs held by men.

    The impact on clerical jobs noted by the WEF is supported by ILO’s data as well. Joining these roles are what the ILO describes as “highly digitized cognitive jobs in media, software, and finance-related” fields.

    The significant exposure of jobs such as securities and finance dealers and brokers, software developers, financial advisers, authors and writers, translators, interpreters and journalists underscores the encroachment of generative AI onto all sorts of “thinking” and creative work.

    It is no wonder psychologists like Alvord suggest some humans are questioning what role they will have in the future world of work.

    Work in a time of disruption

    The COVID-19 pandemic and its impact on work — including the “great resignation” which saw record numbers of employees quitting their jobs — encouraged workers to reflect on their relationship to work.

    Although workplace trends like remote work, flexible hours and employees re-evaluating their job expectations were already underway before the pandemic, COVID-19 accelerated these shifts.

    According to futurists at Policy Horizons Canada, there are a number of “game changers” transforming the future of work. Disruptive technologies like generative AI and automation are just one driver.



    Read more:
    Generative AI can boost innovation – but only when humans are in control

    Another major force is the fraying of the social contract between employers and employees. This shift speaks to larger currents of anxiety, fear and employee disengagement and low morale. Put simply, employers and employees are no longer investing in each other as much as before.

    With the erosion of benefits, the rise of the gig economy and the increasing cost of living, employees were already feeling vulnerable and anxious about their work before the launch of ChatGPT in 2023.

    How can we cope with AI anxiety?

    As with any form of anxiety, it’s important to acknowledge your feelings and take steps to avoid becoming overwhelmed.

    Psychologists suggest several specific strategies for managing anxiety about generative AI. These include: trying out AI tools to figure out how and where they can be useful; taking breaks from technology to restore and revitalize; building new skills; and pursuing activities that activate human creativity and imagination.

    I would like to expand on the third strategy — building new skills. In a recent research study, my colleagues and I investigated the skills that are required to succeed in the future of work. We reviewed six research studies from around the world and created a skills inventory of future of work skills.

    One of the most effective responses to anxiety about AI is focusing on developing our own human capacities.
    (Shutterstock)

    We identified 10 skills that were most frequently identified as key for the future of work: collaboration, communication, creativity and innovation, critical thinking, cross-cultural competency, decision-making and judgment, learning/willingness to learn, problem-solving and social intelligence/perceptiveness.

    For those concerned about remaining employable in the face of AI disruption, focusing on these skills is a practical starting point, as they are likely to remain in demand as workplaces evolve.

    Importantly, all these skills are “human” skills, meaning not digital or technological. In this context, perhaps one of the most effective responses to anxiety about AI is focusing on developing our own human capacities.

    Rethinking our relationship with AI and work

    Researchers argue that the disruptive potential of AI in the workplace involves one of three channels: replacing aspects of human work; complementing or augmenting human workers and their skills; and creating new tasks for workers.

    Of these, the second — complementing or augmenting human work — might be the best path forward. Rather than viewing generative AI solely as a threat, it can be seen as a tool that enhances human abilities.

    Exploring how our own cognitive and creative capacities could be augmented through “collaborative intelligence” with generative AI, might be a useful antidote to being anxious about it.

    Such collaboration may also catalyze our re-imagining of our relationship to work and enhance our sense of purpose in a rapidly changing world.

    Nitin Deckha does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Anxious over AI? One way to cope is by building your uniquely human skills – https://theconversation.com/anxious-over-ai-one-way-to-cope-is-by-building-your-uniquely-human-skills-256213

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: UK Government must act now or be forever complicit in Gaza genocide

    Source: Scottish Greens

    28 May 2025 Peace

    Greens call on UK Government to stop supporting Israel’s genocide

    More in Peace

    The Scottish Greens co-leader, Patrick Harvie has called on the Labour Government to take immediate and decisive action to end its complicity in what legal experts and international observers increasingly describe as a genocide in Gaza.

    Mr Harvie responded to the powerful statement in a letter signed by more than 800 lawyers, including former Supreme Court justices, which condemns the UK’s failure to uphold international humanitarian law and urges Prime Minister Keir Starmer to impose sanctions on Israeli ministers and consider suspending Israel from the United Nations.

    The letter from legal experts outlines growing evidence of grave breaches of international law, asserting that the UK’s continued inaction places it in clear violation of its own legal obligations under the Genocide Convention and other international frameworks.

    Mr Havie, said:

    “When atrocities are being inflicted on this scale, it doesn’t just warrant condemnation – it demands real, urgent action. Keir Starmer’s recent lukewarm comments about the Netanyahu regime, which even Labour and Tory backbenchers have criticised as inadequate, amount to little more than empty words.

    “Sadly there is a gulf between rhetoric and reality. The Prime Minister claimed to have suspended trade talks with Israel, yet just days later the UK Trade Envoy, Lord Ian Austin, was in Israel as a guest of its government. Even as the UK, France, and Canada issued a joint statement expressing concern, the RAF was deploying surveillance aircraft to assist the Israeli military. This is complicity.

    “The people of Palestine need urgent help, they need strong action from the international community in the face of this genocide. We have consistently called on the UK Government to impose targeted sanctions on the Israeli political and military leaders responsible for these war crimes. They must immediately end all arms exports and military cooperation with Israel, demand an immediate and unconditional ceasefire, recognise the State of Palestine, and advocate for Israel’s suspension from international bodies, including the United Nations, until compliance with international law is resrestored.

    “In Scotland we must act as well. It is not good enough for the Scottish Government to call for an immediate ceasefire and continue to line the pockets of war profiteers. The SNP Government’s business unit, Scottish Enterprise, has poured public money into companies that are arming Israel and profiting from the destruction.

    “The UK cannot continue to provide political cover, arms, and intelligence to a regime that stands accused of war crimes and crimes against humanity. History will remember those who stayed silent and those who took a stand. The time for action is now.”

    MIL OSI United Kingdom –

  • MIL-OSI Video: Fisheries Subsidies: Malawi’s acceptance

    Source: World Trade Organization – WTO (video statements)

    On 28 May, WTO Director-General Ngozi Okonjo-Iweala received Malawi’s instrument of acceptance of the Agreement on Fisheries Subsidies from Malawi’s WTO Ambassador Caroline Bwanali-Mussa. Malawi brings to 100th the number of WTO members that have deposited their instrument with the WTO.

    Download this video from the WTO website:
    https://www.wto.org/english/res_e/webcas_e/webcas_e.htm

    https://www.youtube.com/watch?v=zdC_s1On03w

    MIL OSI Video –

  • MIL-OSI USA: Speaker Johnson Makes a Trio of Sunday Show Appearances Touting House Passage of The One Big Beautiful Bill

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — This morning, Speaker Johnson joined CNN’s State of the Union, Fox News’ Fox News Sunday, and CBS News’ Face the Nation to discuss the historic, House-passed One Big Beautiful Bill Act and outlined the necessity of sending the final bill to President Trump’s desk by July 4.

    Watch Speaker Johnson on CNN here, Fox News here, and CBS here.

    On working with the Senate:

    I’ve been very consistent with our colleagues in the Senate. We worked hand in glove with them all through this process, remembering that the House began this more than a year ago, it was March of last year when we got our committee chairs together and told them to begin to prepare for this massive reconciliation package. We believed at that time, more than a year ago, that we would win the White House and Senate and the House and have unified government and have this, really once in a generation opportunity to do so much in one piece of legislation.

    I met with the Senate Republicans, all my colleagues over there last week on Tuesday at their weekly luncheon. And I encouraged them to do their work, of course as we all anticipate, but to make as few modifications to this package as possible, remembering that we’ve got to pass it one more time to ratify their changes in the House. And I have a very delicate balance here, a very delicate equilibrium that we’ve reached over a long period of time, and it’s best not to meddle with it too much.

    On getting the One Big Beautiful Bill passed by July 4:

    The reason I tried to get this done, and we did get it done, before Memorial Day and send it to the Senate is so the President can be signing this into law by Independence Day on July 4th. Why is that so important? Because we’ve got to get relief to the American people and that we also need to, for political purposes, give a lot of time, enough time for everyone to see that this package actually is what we say. It’s going to help the country, it’s going help the economy, it’s going to help all boats to rise, just as we did after the first two years of the first Trump administration. And so we’re anxious to get this signed into law so people feel it and see it before that midterm election, and they understand it is the Republicans who are doing the best for hardworking Americans, low-income families, and everyone who deserves a better shot.

    On Democrat falsehoods around Republican efforts to strengthen Medicaid:

    We have not cut Medicaid, and we have not cut SNAP. What we’re doing, Margaret, is working on fraud, waste, and abuse. And everyone in Louisiana and around the country understands that that’s a responsibility of Congress. Just in Medicaid, for example, you’ve got 1.4 million illegal aliens receiving those benefits. That is not what Medicaid is intended for. It’s intended for vulnerable populations, for young single pregnant women and, and the elderly and the disabled and people who desperately need those resources. Right now, they’re being drained by fraud, waste, and abuse.

    You got about 4.8 million people on Medicaid right now nationwide, who are able-bodied workers, young men, for example, who are not working, who are taking advantage of the system. If you are able to work and you refuse to do so, you are defrauding the system, you’re cheating the system, and no one in the country believes that that’s right. So, there’s a moral component to what we’re doing. And when you make young men work, it’s good for them. It’s good for their dignity, it’s good for their self-worth and it’s good for the community that they live in.

    On criticism of the One Big Beautiful Bill Act:

    Well, I agree wholeheartedly with what my dear friend Rand Paul said. I love his conviction, and I share it. The national debt is the greatest threat to our national security and deficits are a serious problem. What I think Rand is missing on this one is the fact that we are quite serious about this. This is the biggest spending cut, Shannon, in more than 30 years. We’re going to cut one over $1.5 trillion in spending, it’s a big leap forward. The last time we had a spending cut was three decades ago, and it was only $800 billion even adjusted for inflation. This is the biggest spending cut, I think, in the history of government, on planet Earth. Now, is it enough? Of course not. But we have a very delicate balance, and we have to start the process.

    I liken this to an aircraft carrier. You don’t turn an aircraft carrier on a dime. It takes a mile of open ocean. And so, it took us decades to get into this situation. This is a big step to begin to turn that aircraft carrier. One important point about what he said, it sounds like his biggest objection is the fact that we are extending the debt ceiling. That’s a critically important thing to do. We have to do it. We’re not going to get any Democrats to assist on that. So, to get it through the Senate and make sure we don’t crash the US economy and default on our debts for the first time in history, it has to be part of the reconciliation package. And that’s why the President Trump and all the other Republicans in Congress, House and Senate understand the necessity of this.

    Important point here. It does not mean that we’re going to spend more money. We’re extending the debt ceiling to show to creditors, the bond markets, the stock market, that the Congress is serious about this. President Trump is dialed in 100%. He is a visionary leader. He does not want to spend more money… Russ Vought is the director of the Office of Management and Budget, long seen as a strict fiscal hawk, as I liken myself to be as well. And Rand Paul is one who has applauded and said great things about Russ Vought’s perspective. Russ said about two weeks ago that the criticism on fiscal grounds about this bill is profoundly inaccurate.

    ###

    MIL OSI USA News –

  • MIL-OSI Canada: Investor Alert: Buygoldca, Cap Trade and PT Option Are Not Registered

    Source: Government of Canada regional news

    Released on May 28, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of the online entities known as Buygoldca, Cap-Trade and PT Option.

    “The FCAA urges Saskatchewan residents to check the registration status of investment entities at aretheyregistered.ca before investing with anyone,” FCAA Securities Division Executive Director Dean Murrison said. “Checking the registration status before considering investing with anyone is the quickest and easiest way to keep your investments safe.”

    Buygoldca, Cap-Trade and PT Option claim to offer Saskatchewan residents trading opportunities, including cryptocurrencies. Buygoldca additionally claims to sell commodities in the form of precious metals traded as futures or option contracts. Cap-Trade claims to sell stocks, forex, commodities and indices. PT Option also claims to sell stocks, forex, indices, commodities and precious metals.

    This alert applies to the online entities using “buygoldca com”, “cap-trade com”, and “pt-option com” (these URLs have been manually altered so as not to be interactive).

    Buygoldca, Cap-Trade and PT Option are not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses. 

    If you have invested with Buygoldca, Cap-Trad, or PT Option or anyone claiming to be acting on their behalf, contact the FCAA’s Securities Division at 306-787-5936.

    In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.

    Tips to protect yourself:

    • Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
    • Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
    • Get a second opinion and seek professional advice about the investment.
    • Do not allow unknown or unverified individuals to remotely access your computer.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Labour Market Ministers taking action to improve labour mobility in Canada

    Source: Government of Canada News (2)

    May 28, 2025

    Federal, provincial and territorial Forum of Labour Market Ministers (FLMM) met virtually on Monday to discuss progress on their joint commitment to breaking down barriers to labour mobility as one of the strategies to mitigate the negative effects of tariffs and unlock the full economic potential of free trade within Canada. The meeting was co-chaired by the Honourable Patty Hajdu, Federal Minister of Jobs and Families and the Honourable Nolan Young, Minister of Labour, Skills and Immigration of Nova Scotia.

    Over recent months, the FLMM has accelerated efforts to address labour mobility barriers, strengthen Canada’s workforce and get individuals working faster. Ministers agreed that concrete progress has been made on labour mobility, with some jurisdictions having introduced legislation with more ambitious timelines and launched new initiatives to further break down barriers and reduce administrative burden.

    Ministers agreed on the actions to be taken by governments to build a more resilient, adaptable and mobile workforce to support stronger domestic economic growth.

    This aligns with a commitment made to the First Ministers earlier this year, to collaborate with the Committee on Internal Trade (CIT) on developing a plan for Canada-wide credential recognition that takes into account the unique characteristics of each jurisdiction, such as language provisions, by June 1, 2025. Ministers look forward to providing the CIT with an update on their action plan for labour mobility.

    Ministers discussed the value of conducting consultations to determine the best approach while continuing to explore additional opportunities to bolster economic growth, productivity and support for workers. Ministers also discussed possible collaboration with other ministerial tables to tackle areas linked to labour mobility, such as occupational health and safety training and licensing.

    Ministers committed to continued information sharing across orders of government and to meet regularly as part of their focused efforts to build a resilient Canadian workforce and economy.

    Finally, Ministers reiterated the vital role of Labour Market Transfer Agreements (LMTAs), which empower the provinces and territories to deliver tailored employment assistance and reskilling services that respond to the unique needs of their respective labour markets. Provincial and territorial ministers reaffirmed their position on the need for additional LMTA funding to support workers in Canada and ensure effective tariff-related responses at this critical time.

    The federal minister committed to further discussions with provincial and territorial ministers on LMTA modernization.

    About the Forum

    The FLMM was established in 1983 as an intergovernmental forum aimed at strengthening cooperation on federal, provincial and territorial labour market priorities.

    MIL OSI Canada News –

  • MIL-OSI Russia: Orders from US buyers rise significantly after China-US trade talks: Chinese Foreign Ministry spokesman

    Translation. Region: Russian Federal

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

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

    BEIJING, May 28 (Xinhua) — Since China and the United States held economic and trade talks in Geneva earlier this month, trade tensions between the two countries have eased, orders from U.S. buyers have increased significantly and shipping services are operating at full capacity, Foreign Ministry spokesperson Mao Ning said Wednesday.

    “This fully reflects the major mutual needs of each side,” Mao Ning said at a regular departmental press conference.

    Mao Ning’s statement followed comments made by Michael Hart, president of the American Chamber of Commerce in China, at the Global Trade and Investment Promotion Summit in Beijing last week, in which Hart noted that China is both an important market for American goods and an important supplier of goods to the United States.

    The essence of China-US trade and economic relations is mutual benefit and win-win, Mao Ning said, adding that trade and economic cooperation between the world’s two largest economies has brought tangible benefits to enterprises and consumers in both countries.

    Protectionism leads nowhere, Mao Ning continued, saying that China welcomes foreign enterprises, including American ones, to develop their businesses in China, deepen mutual cooperation, and jointly create favorable opportunities for a bright future. -0-

    MIL OSI Russia News –

  • MIL-OSI: EMGS: Notice of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Notice is hereby given of the annual general meeting of Electromagnetic Geoservices ASA (“EMGS” or the “Company”). The annual general meeting will be held at the Company’s offices in Karenslyst Allé 4, 4(th) floor, 0278 Oslo, Norway on 19 June 2025 at 12:00 CEST.

    The calling notice is attached to this stock exchange notification, and will, together with all appendixes, the Company’s annual report for 2024, and the remuneration report for 2024 be published on the Company’s webpage www.emgs.com.

    Contact
    Anders Eimstad, Chief Financial Officer, +47 94 82 58 36

    About EMGS
    EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company’s services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel. CSEM technology can also be used to detect the presence of marine mineral deposits (primarily Seabed Massive Sulphides) and EMGS believes that the technology can also be used to estimate the mineral content of such deposits. The Company is undertaking early-stage initiatives to position itself in this future market.

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

    Attachment

    The MIL Network –

  • MIL-OSI China: Former President Tsai visits UK Parliament and delivers speech at LSE, deepening bilateral ties

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    May 20, 2025  

    No. 165  

    Former President Tsai Ing-wen visited Europe from May 10 to 19, traveling to Lithuania and Denmark before continuing to the United Kingdom. On May 15, the first day of her stay in the United Kingdom, she visited the UK Parliament at the invitation of British-Taiwanese All-Party Parliamentary Group (APPG) Cochairs Sarah Champion MP and Lord Rogan. She was warmly welcomed by parliamentarians from across the political spectrum. 

     

    The former president met with House of Commons Speaker Sir Lindsay Hoyle and took part in a reception at the House of Lords, where she delivered a speech. She exchanged greetings with nearly 50 parliamentarians and staff, including former Lord Speaker Baroness D’Souza, House of Lords Deputy Speaker Baroness Finlay, Trade Envoy to Taiwan Lord Faulkner, Labour Friends of Taiwan Chair Navendu Mishra MP, former Conservative Party leader Sir Iain Duncan Smith MP, Conservative Shadow Minister for Innovation and Technology Ben Spencer MP, and Liberal Democrat Foreign Affairs Spokesperson Calum Miller MP.

     

    In her address at the House of Lords, former President Tsai said that the growing threat of antidemocratic forces was testing democracy around the world, adding that this demonstrated the need for Taiwan and the United Kingdom to work together in defense of freedom and democracy. She commended the House of Commons for passing a motion last November clarifying that United Nations General Assembly Resolution 2758 made no reference to Taiwan. This was important in countering reckless behavior in the Taiwan Strait, she explained. Highlighting Taiwan’s position on the front line of defending democracy, former President Tsai said that Taiwan was a critical deterrent to China’s expansionist ambitions and would continue to contribute to protecting democratic values.

     

    APPG Cochair Champion noted that Taiwan and the United Kingdom had a deep friendship and shared core values. She said that the United Kingdom should continue to pay attention to peace and stability across the Taiwan Strait, which she added were essential to global security and prosperity. Cochair Champion noted that in recent years the Taiwan-UK partnership had deepened. She expressed hope that cooperation would expand in semiconductors, artificial intelligence, renewable energy, advanced manufacturing, economic resilience, and other areas.

     

    Former President Tsai also delivered a speech titled “In an Era of Shifting World Order: Taiwan as a Stabilizing Force” at her alma mater, the London School of Economics and Political Science (LSE). The event was moderated by incoming LSE Law School Dean Andrew Murray, who represented the university and LSE President Larry Kramer. Around 100 people, including General Counsel Elizabeth Messud, attended the speech. In her remarks, former President Tsai noted that the international community was experiencing a reassignment of security responsibilities and a rebalancing of trade relations. She said that to appropriately respond to multiple challenges such as economic fragmentation, political extremism, and military conflict, the function of multilateralism was becoming even more important. The former president emphasized that Taiwan had shown a high degree of resilience in turbulent times in the past, such as during supply chain restructuring, and had proven to be a trustworthy and competitive strategic partner. She added that Taiwan was ready to play a more proactive role in the new world order by further deepening cooperation with democratic countries and contributing to the global trade system. Her remarks were enthusiastically received by the audience. 

     

    During her visit to the United Kingdom, former President Tsai also gave an address at Cambridge University, met with faculty and students at the School of Oriental and African Studies, attended a forum hosted by the Royal United Services Institute, and met with Taiwanese people working in the United Kingdom on technology startups and in the arts.

     

    Taiwan-UK relations have witnessed significant progress in recent years. In 2023, the United Kingdom signed the Enhanced Trade Partnership arrangement with Taiwan, becoming the first European country to establish a formal economic and trade framework with Taiwan. The United Kingdom is Taiwan’s fourth-largest trading partner in Europe, third-largest source of investment, and fifth-most popular destination for Taiwanese students studying abroad. The countries collaborate closely in fields such as technological innovation, renewable energy, and societal resilience. Taiwan will further work together with the United Kingdom and other like-minded countries to advance democratic resilience and prosperity. It looks forward to the United Kingdom continuing to demonstrate its commitment to security in the Indo-Pacific region by deploying naval vessels through the Taiwan Strait and taking other concrete actions. 

    MIL OSI China News –

  • MIL-OSI: WSO2 Acquires Leading API Analytics and Monetization Startup Moesif

    Source: GlobeNewswire (MIL-OSI)

    Austin, TX , May 28, 2025 (GLOBE NEWSWIRE) — WSO2, the leader in enterprise digital infrastructure technology, today announced it has acquired Moesif, a San Francisco-based startup specializing in advanced API analytics and monetization. The all-cash acquisition marks a strategic milestone in WSO2’s long-term plan to accelerate global growth through targeted inorganic opportunities.

    As part of the agreement, Moesif will operate as an independent subsidiary under WSO2’s API Management Business Unit. The Moesif brand and current product offering will be retained, and its leadership along with its team will continue to drive existing business and expand customer growth globally. Moesif customers will continue receiving the same level of service and support, while benefiting from WSO2’s global presence and expanded product offerings. Moesif’s advanced API analytics and monetization capabilities will also be integrated into WSO2’s product portfolio, bringing enhanced value to existing and future customers.

    “This acquisition is a first step in our strategy to establish WSO2 as a global technology leader through select inorganic opportunities,” said Dr. Sanjiva Weerawarana, founder and CEO of WSO2. “Moesif brings market-leading capabilities in API analytics and monetization, areas that are increasingly critical to digital businesses today. This is just the beginning—we’re committed to exploring further opportunities that align with our long-term goal to help enterprises deliver seamless, high-impact digital experiences.”

    The acquisition enhances WSO2’s positioning in the API management space by adding best-in-class analytics and monetization tools that help businesses optimize, measure, and generate revenue from their APIs. Moesif’s offerings will complement WSO2’s comprehensive API management platform, creating a synergy that benefits both customer bases.

    “Joining WSO2 is a natural next step in Moesif’s journey,” said Derric Gilling, founder and CEO of Moesif. “We share a deep commitment to empowering developers and businesses to build powerful digital experiences. As part of WSO2, we’ll continue to innovate rapidly, serve our customers with excellence, and now reach an even broader global audience.”

    WSO2 customers will start gaining access to Moesif’s capabilities as part of an enhanced product suite, while Moesif customers will benefit from WSO2’s global support infrastructure and expanded services.

    About WSO2
    Founded in 2005, WSO2 is the largest independent software vendor providing open-source API management, integration, and identity and access management (IAM) to thousands of enterprises in over 90 countries. WSO2’s products and platforms—including our next-gen internal developer platform, Choreo—empower organizations to leverage the full potential of artificial intelligence and APIs for securely delivering the next generation of AI-enabled digital services and applications. Our open-source, AI-driven, API-first approach frees developers and architects from vendor lock-in and enables rapid digital product creation. Recognized as leaders by industry analysts, WSO2 has more than 800 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US, with over USD100M in annual recurring revenue. Visit https://wso2.com to learn more. Follow WSO2 on LinkedIn and X (Twitter).

    About Moesif
    Moesif is the leading AI-driven API analytics and monetization platform that helps companies build better developer experiences, monitor API usage, and drive revenue. With powerful tools for observability, governance, and product-led growth, Moesif empowers engineering and product teams to optimize APIs as a business channel. Moesif serves customers across many industries including logistics, fintech, and enterprise software including leading enterprises like UPS, Covetrus, and UK Royal Mail. Moesif was founded in 2017 and is based in San Francisco, US. Investors include Craft Ventures, Merus Capital, Heavybit, and Fresco. Visit www.moesif.com to learn more.

    Trademarks and registered trademarks are the properties of their respective owners.

    The MIL Network –

  • MIL-OSI: Gevo to Sell Luverne, Minnesota Ethanol Facility to A.E. Innovation; Will Retain Isobutanol Assets for Future Innovation

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., May 28, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that it has entered into a definitive agreement to sell Agri-Energy, LLC (“Agri”), a wholly owned subsidiary of Gevo, to A.E. Innovation, LLC (“A.E.”) for $7 million. The transaction includes Agri’s 18-million-gallon-per-year ethanol-production facility located in Luverne, Minnesota. Gevo will retain ownership of certain isobutanol-production-related assets and a portion of the vacant land at the site for future use. With these retained assets, Gevo could potentially produce up to 1 million gallons per year of isobutanol, which can be sold as a specialty chemical, or converted into isooctane and jet fuel.

    A.E., an agriculture-oriented buyer group located in Minnesota, will acquire the ethanol plant and a portion of the land with the intent to restart ethanol production, which has been idled since 2022. A.E. also intends to make the site available for other companies to scale up new technologies and ideas as an innovation hub.

    “We’re seeing rapid innovation in the direction of bio-based fuels and chemicals and Agri-Energy has the demonstrated history that it can work on the cutting edge,” says Dave Kolsrud, principal of A.E. Innovation, LLC. “We see Gevo and others making strides and we know we’ll be a part of that. We are excited to host the next generation of biofuel innovations that need a friendly, practical place where they can scale them up. That’s Luverne, with its history of innovation, its low-carbon corn supply, wind power, and great people.”

    Over the last several years, the Luverne plant, in conjunction with local farmers, has been used as a demonstration site for educating Gevo’s stakeholders about regenerative agriculture and the versatility of corn and its co-products, as well as biofuel production, including synthetic aviation fuel (“SAF”), isobutanol, and ethanol. Gevo and A.E. look forward to continuing and expanding upon this valuable stakeholder outreach.

    “We see tremendous potential for future growth and new partnerships with A.E. Innovation,” says Patrick Gruber, CEO of Gevo. “Minnesota’s farming communities, especially in places like Luverne, are leading the way with smart, sustainable agricultural practices. We believe it’s the perfect foundation for building innovative solutions in carbohydrate-based energy and chemicals that the world urgently needs.”

    Gevo notes that the sale of Agri-Energy to A.E. Innovation provides $2 million of cash upon closing and an additional $5 million of future cash under the purchase agreement, along with an estimated annual savings of approximately $3 million per year of current facility idling costs. Gevo also anticipates potential future benefits from isobutanol fermentation through a side-by-side operational model with the ethanol assets. Restarting ethanol production is expected to bring positive impacts to the City of Luverne, including support for local farmers and strengthening the regional economy.

    The transaction is expected to close by the end of 2025, subject to the procurement of financing by A.E. and the satisfaction of other customary closing conditions.

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. Gevo also operates an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    About A.E. Innovation, LLC
    A.E. Innovation, LLC, is an agriculture-oriented buyer group located in Minnesota founded to purchase the ethanol-production assets of Agri-Energy, LLC, with the intent of operating the plant as an innovation facility providing companies with the opportunity to certify that new technologies can transition from laboratory or bench-top status to full production-level performance using locally sourced, regeneratively grown corn as a feedstock. For more information regarding innovation opportunities at the Luverne, MN facility, contact David Kolsrud (507-920-5348) email: david@dakrenewableenergy.com or Dan Heard (605-929-2047) email: dan@dakrenewableenergy.com.

    Forward Looking Statements
    This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected closing of the acquisition or the timing thereof, and future plans for the assets. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

    These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

    Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, failure to satisfy any conditions to the closing of the transaction in a timely manner or at all; the occurrence of any event that could give rise to termination of the definitive agreement, including the inability to obtain financing; changes in legislation or government regulations affecting the proposed transaction or the parties; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the US Securities and Exchange Commission (“SEC”). All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2024 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

    We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

    Media Contact
    Heather L. Manuel
    VP, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    VP, Finance & Strategy
    IR@Gevo.com

    The MIL Network –